Don’t or blindly totally trust an expert in bitcoin or any other investment.

[Salahmu]

I don’t know why some persons will call themselves an expert In bitcoin whereas bitcoin is a very unpredictable asset. Even the so called experts knows that bitcoin is highly volatile and at such they are not sure of what exactly will be the outcome within the next few minutes, meaning that what they are doing is just mere speculation.

People has pride on everything, even what they barely understand but so long as is been a while they started the investment they would always add a symbol to there name. But however nobody is supposed to be called an expert to Bitcoin because I have never seen a person who possesses the knowledge that's qualified to be an expert because the only thing I have seen from the beginning are people who are always speculating because they can't be sure of Bitcoin prices. Although whatever name a person appeared to answer it wouldn't mislead anybody if the investment is particularly for Bitcoin.

[Livingleged]

DYOR is very crucial and that’s why you don’t trust only but also verify by doing the research, if you just jump onto any investment without proper research to know from A-Z in the investments just because a so called expert told you to do so then imo I consider you a bad investor.

I also will consider  such a person  as not just  a bad investor  but a careless  risk taker, and thats why mostly  the business  doesn't  yield  any fruitful  results and end up collapsing  because  they simply  lack the basic  in knowledge  about the investment.

I remember seeing in one interview with Dangote when he was ask about the advice he’ll give aspiring young investors or business men and he said, you should invest in any business whether your time or money without knowing that business completely.

With proper research before invest, one can avoid falling for wrong investments or even possible scams..

This part really  caught  my attention as you've state when a successful  business  man like dangote was asked about advice to young  people  that want to invest in any form of investment, I'll  take that as a very  important advice, knowing  his business very well has been what has made him relevant  in the industry. I've seen a couple  of his interviews and I was amazed  at how I hear him talk about this various  business  like he's just one of the operators  in the manufacturing  industry, it really show  he know the business  fully  and everything  that is going  on with the industry. Knowing  the business you want to venture  into isn't even negotiable  it's an important  factor to consider that you're now ready  to kick off.

[Promocodeudo]

People has pride on everything, even what they barely understand but so long as is been a while they started the investment they would always add a symbol to there name. But however nobody is supposed to be called an expert to Bitcoin because I have never seen a person who possesses the knowledge that's qualified to be an expert because the only thing I have seen from the beginning are people who are always speculating because they can't be sure of Bitcoin prices. Although whatever name a person appeared to answer it wouldn't mislead anybody if the investment is particularly for Bitcoin.

The reason why you have this ideas is because you are in a forum where you understand better so if someone walk up to you ad say that he's an expert in Bitcoin you'll smile in your heart, you know that some people can be funny, what are they expert in, if I don't know about Bitcoin I would've have believe that there's something like that, we OGs and why they called OGS is because they understand how Bitcoin works and can adapt to any market condition because of their years of experience in Bitcoin investment not because they can give and accurate prediction of anything, no one knows where the price Bitcoin will head to at any time, so no expert anywhere infact fuck experts, I can't be deceived.

[Mhizlove]

Another thing that people should always remember is that responsibility for your money always remains with you because if the investment goes wrong, you bear the consequences or outcome alone and not the person that introduced you to it. That is why is always good to ask questions, only invest money where you can afford to lose and understand the risk that is involved. Well experienced or expert advice can help guide you, but the final decision should always come from you

[PremiumcryptoHub]

The people of our country should understand this issue well because expertise increases the chances of good advice and helps in taking the right steps but even then it does not eliminate the risk. Therefore, any investor in any asset like Bitcoin or other assets in this country should respect the knowledge of the expert and coordinate their own proper analysis and research. Honestly, we try to understand through Bitcoin investment that if a so-called expert tells someone to invest, it is not the same as the investment that should be made. Every investor should not jump into investment without doing proper research because it is seen that there are many self-proclaimed experts who advise newbies, that is, analyze how investment works, but even then, success from Bitcoin investment may not come in a straight line. In fact, the purpose of advising experts is that every new investor in this country should follow the right path and invest with patience and discipline.

[JoyceBTC]

You are very right, research is always necessary before starting any investment journey even though it has been explained through by an expert to you, still make your own research. Because

1. They are some hidden fact that was not been told to you by the experts
2. Some fact by the experts might be wrong
3. The investment might be a scam
4. To know the risks involved
5. Experts are humans also, mistakes might happen along the line.

[Hatchy]

The best thing na to combine respect for the experts knowledge and your own independent due diligence.

Regardless of how good the person who is introducing you into an investment is, your first job is to do a good research on the investment plan and understand what its all about. Most people invest blindly into a new investment scheme and end up getting scammed or losing their hard earned money. Some allow the idea of making so much money within a short time, to influence their ability to think of reason properly. I don't blame because of how bad the economy is, everyone is looking for an opportunity to double their savings. Everyone can make mistakes even an expert like you said could give you wrong information from his own perspective and you end up losing money along the line.

[Agbam]

My Niger people if someone who is an expert or very knowledgeable in a particular investment or business should introduce that investment or business to you, it’s wise to do your own research before committing money or time. No matter how trustworthy or an expert the person is,
you need to.

1. You need to understand how the thing you are investing in works.
I will advise anyone not to invest in what they can’t explain in simple terms.

2. You need to confirm or verify if actually what the person told you concerning the investment is realistic.

In conclusion you need to understand that even genuine experts can be wrong too.
Expertise increases the chance of good advice, but it does not eliminate risk.
The best thing na to combine respect for the experts knowledge and your own independent due diligence.

First off I would like to suggest you edit your title… there’s an error there.
Blindly following a supposed expert is very foolish, even if you start based on your trust on the expertise of the individual as you go on it’s very crucial and necessary that you do your own research and gather your own knowledge about the said investment.

Sometimes it’s not everyone who claims to be an expert that is actually one, this people give the wrong and misleading advices and these are the kind of people who run scams on gullible followers. It’s very important to verify every information you come across.

[fredericktaylor]

My Niger people if someone who is an expert or very knowledgeable in a particular investment or business should introduce that investment or business to you, it’s wise to do your own research before committing money or time. No matter how trustworthy or an expert the person is,
you need to.

1. You need to understand how the thing you are investing in works.
I will advise anyone not to invest in what they can’t explain in simple terms.

2. You need to confirm or verify if actually what the person told you concerning the investment is realistic.

In conclusion you need to understand that even genuine experts can be wrong too.
Expertise increases the chance of good advice, but it does not eliminate risk.
The best thing na to combine respect for the experts knowledge and your own independent due diligence.

Of course, it is very important to do your own research before starting an investment. It is not right to invest only based on the words of others, it is very important to do a good research on where we are investing our valuable money. When we gain the right knowledge about that subject first, we will not be disappointed quickly through investment and will be able to manage the investment continuously for a long time with confidence and wait for better times in the future. There are some people who do not research the subject well before investing. They invest only based on the words of others with the purpose of getting rich quickly. As a result, they cannot manage the investment consistently and cannot wait for good results for a long time, as a result they lose confidence and face financial losses. Therefore it is very important to invest consistently with the right knowledge and long-term planning.

[Sammye3]

Knowledge is power and it is profitable when applied in the right manner. This could be applicable to bitcoin and every aspect in general. For bitcoin, it is important to note that there is no expert when it comes to the prediction market or trading in general, so it is wise to always make personal findings and gain trust in your instincts before proceeding with any investment.

You could take the advice of more experienced people with caution as that could be a guide for a good startup. But it is unwise to follow blindly without any knowledge of what exactly the market prints. Every good trader should have a pattern rather than copying every single move that follows hypes and trends.

[Rubuchi]

The best thing na to combine respect for the experts knowledge and your own independent due diligence.

Regardless of how good the person who is introducing you into an investment is, your first job is to do a good research on the investment plan and understand what its all about. Most people invest blindly into a new investment scheme and end up getting scammed or losing their hard earned money. Some allow the idea of making so much money within a short time, to influence their ability to think of reason properly. I don't blame because of how bad the economy is, everyone is looking for an opportunity to double their savings. Everyone can make mistakes even an expert like you said could give you wrong information from his own perspective and you end up losing money along the line.

I will still emphasize on the importance of gathering enough interest in gambling before engaging in it in the first place, it is not as easy or simple as some people would exaggerate it even though it is also not as difficult as impossible. But it requires interest to keep you going, when you don’t have interest in it, you won’t engage in it long enough to appreciate the benefits of investing in bitcoin and that’s why it will be easier for any expert to approach you with the idea of investing in bitcoin without telling you the real struggle and challenges that comes with it. Every bitcoin expert is excited to teach you about bitcoin because of how big they are at building that strong community, as a result, they would do anything possible to get you involved unless if there intentions is just to take your money off you and that’s why you must approach bitcoin with an informed mindset so as to distinguish between what’s good for you

[osasshem]

When it comes to crypto form of investment, no matter the advise you are being given, take your time to make your personal research. The crypto part of investment is open for anyone to access information and freely. But when it comes to other forms of investment outside crypto, and you personally come across an expert, you need to be extra careful, not just for the fact that he/she is going to lead you astray, but for the fact that you might be introduced into an investment platform that you may not even succeed in the first phase, not to move to the next. Lots of them will introduce you and convince you to invest, and when you start unveiling their hidden secretes of bring one and two members, or do that in other to reach the next level, that's when you'll realize you just got yourself into something that will not last long.

Investment experts I do hear of and have come across will always give sweet and attractive words to lure you in, giving you the surface exciting information, hiding the deep part, that can make you lose interest or think twice. Any investment without surfacing the risks attached, avoid them as much as possible.

[Ndabagi01]

1. You need to understand how the thing you are investing in works.
I will advise anyone not to invest in what they can’t explain in simple terms.

2. You need to confirm or verify if actually what the person told you concerning the investment is realistic.

In conclusion you need to understand that even genuine experts can be wrong too.
Expertise increases the chance of good advice, but it does not eliminate risk.
The best thing na to combine respect for the experts knowledge and your own independent due diligence.

Making sure that what you’re investing into is what you can explain without beating around the corner is the best assurance you can give yourself that you’re investing into something that is worth it and will give you good returns in the long run. Investing into an asset that is not clear, transparent and well explainable is a red flag because you can’t even convince someone that you’ve taken the right step and expecting something big from your investment.

Anyone can come with an investment idea, and can sell you all the good parts you want to know, you’ll love to hear without given you the full breakdown of the cons of them. It is now your work to also act upon that and make sure that you make the right decision and look into options on how that can affect the investment in the short or long term.

[Btcdeybodi]

Any “expert” or person way dey give you professional advice go always tell you to do your own research before you make your decision because they want make you understand say no be them dey control the market. This na to avoid problems later on incase your expectations no come true.

You dey make am sound like say na every expert they tell person make him go do his own research. Some so called experts no go even allow you to go do research on your own, dem go make you feel like say dem sabi everything and when you come tell am about wetin you read or discovered on your own you go see am him go just begin dey vex. So no be every expert dey like make person wey them dey teach discover things on their own without their guidance. In fact, most people wey dey call themselves experts na very proud set of people, dem no dey even take advice from anybody because dem believe say nothing you wan tell am wey him never know.

[Asiska02]

Another thing that people should always remember is that responsibility for your money always remains with you because if the investment goes wrong, you bear the consequences or outcome alone and not the person that introduced you to it. That is why is always good to ask questions, only invest money where you can afford to lose and understand the risk that is involved. Well experienced or expert advice can help guide you, but the final decision should always come from you

Not being able to tell from your right and left, it just means that you’re not better fit for the investment you’re trying to embark on. Knowing fully well everything necessary to have a flawless investment is very important and we should not trade that for anything else. Going on a research on what you want to invest into is very important because it better helps you to minimize your risk, plan your investment well and know your expectations and obstacles towards the investment. Those that do ask questions before making vital decisions like this never get lost but they help to minimize the negative consequences of embarking on that investment and try as much to embrace and get to benefit from the better part of it more.

[Jubilee58]

My Niger people if someone who is an expert or very knowledgeable in a particular investment or business should introduce that investment or business to you, it’s wise to do your own research before committing money or time. No matter how trustworthy or an expert the person is,
you need to.

1. You need to understand how the thing you are investing in works.
I will advise anyone not to invest in what they can’t explain in simple terms.

2. You need to confirm or verify if actually what the person told you concerning the investment is realistic.

In conclusion you need to understand that even genuine experts can be wrong too.
Expertise increases the chance of good advice, but it does not eliminate risk.
The best thing na to combine respect for the experts knowledge and your own independent due diligence.

It is true you have to engage in your own personal research if someone introduces you into a business, but the ideas of experts should not be discarded, the reason is because every business involves certain level of risk, and every business has a risk too. In business, experience plays a major role. There is difference between someone who read business, and another person who also read business, and is already doing that business.
Someone who read business, and is already doing the business is more experienced than a bigginer. Therefore, don't neglect the business advisors, instead the combination of expert advice, and your own knowledge can actually help you to succeed.

[Plutomanian]

It is true you have to engage in your own personal research if someone introduces you into a business, but the ideas of experts should not be discarded, the reason is because every business involves certain level of risk, and every business has a risk too. In business, experience plays a major role. There is difference between someone who read business, and another person who also read business, and is already doing that business.
Someone who read business, and is already doing the business is more experienced than a bigginer. Therefore, don't neglect the business advisors, instead the combination of expert advice, and your own knowledge can actually help you to succeed.

I concord because everything have a process. Opening a business without first scouting for the measurable basis of the business, how do you then plan to succeed and accumulate profits? It's very important to know the stand of a business the same thing applicable to investment. An investor can not just jump into an investment simply because he heard about, that's blind project and you will be open to the major losses that will come without any remorse. What do you think made us vulnerable in the space? Our incapability to enchanced our performance and also inability to gain experience which serves a crucial part in investment and businesses.

[OsaiEmma]

My Niger people if someone who is an expert or very knowledgeable in a particular investment or business should introduce that investment or business to you, it’s wise to do your own research before committing money or time. No matter how trustworthy or an expert the person is,
you need to.

1. You need to understand how the thing you are investing in works.
I will advise anyone not to invest in what they can’t explain in simple terms.

2. You need to confirm or verify if actually what the person told you concerning the investment is realistic.

In conclusion you need to understand that even genuine experts can be wrong too.
Expertise increases the chance of good advice, but it does not eliminate risk.
The best thing na to combine respect for the experts knowledge and your own independent due diligence.

100% true my brother. DYOR is fundamental and basic when it comes to investments. Sometimes, we're just too lazy to do our due diligence whenever a new investment opportunity is pitched to us. Honestly, that is a very bad and disastrous approach to investment.

Ignorantly investing is a recipe for disaster. Most of the time, you won't even be in control of your investment because you have absolutely no idea on what you're investing into. Even in a legit investment, you still can be scammed because of ignorance.

[BluebloodCXVI]

I don’t know why some persons will call themselves an expert In bitcoin whereas bitcoin is a very unpredictable asset. Even the so called experts knows that bitcoin is highly volatile and at such they are not sure of what exactly will be the outcome within the next few minutes, meaning that what they are doing is just mere speculation. Bitcoin is not like every other business venture that are centralized where by the owner is the one controlling and determining the outcome of the market, but here we are talking about an asset that’s decentralized, unpredictable and not controlled by anyone as there are so many factors which are responsible for the volatility of bitcoin and most of this factors are unknown to us. Someone who calls himself a bitcoin expert should be able to outline all of these to anyone who is interested in bitcoin investment and not to mislead the person into believing that what ever they say is definitely going to happen, because nothing is a guarantee in bitcoin and at the same time everything is possible here.

Well when you say expert, i believe it can mean different things depending on the context in which it is being used. Being an expert does not necessarily mean that the person can be able to predict specific outcomes in the market with utmost accuracy, it could just be someone who has really deep knowledge, understanding and experience in a particular field. Now talking about the bitcoin space, it could be that the person knows a handful about the technical aspects of bitcoin, or it could be that the person knows how to analyze market cycles and the factors that influence price movements or perhaps the person likes to explain to people about the importance of self custody, risk management and investment strategies just as the likes of JJG. And just because they can’t guarantee specific outcomes doesn’t mean that they are not experts, what really makes them experts is their ability to be able analyze data, explain risks and guide folks towards making informed decisions.
Let me also add that as an investor, it is only right for folks to also do their research and not depend totally on what other people are telling them to do because at the end of the day, anything that happens to your investment is your cross and you will carry it alone. No expert is coming to save you and i believe that common sense should tell us this.

[Fiatless]

Don't be deceived by big titles and many professional certificates. Some of them claim to be crypto analysts, experts, researchers, gurus, and so on. I am not stating that some of them are not knowledgeable about the industry. But many of these titles are just to seek attention and even deceive people. With a simple smartphone, one can get all the information they need. Doing research is very important before investment.