Do not invest in bitcoin if you don't know anything about it

[jordan1989]

you will lose your money, if you invest before understanding what and how bitcoin. my advice, you should first learn everything about bitcoin before you decide to invest.

[genology]

I also believe in this. Actually, do not invest on anything that you haven't researched on. Always do your own extensive research about it. So that you know if it is the right nest to put your eggs.

[SportsbookBettor]

Actually this is so true, a lot of people are investing here without proper knowledge especially newbies. They always think that doing bitcoin will have them secure profits but they don't know that when they invest here. It has risk of losing their money, many newbies wants easy money not only on bitcoin but also to hyips. They must learn everything before investing here don't rush to earnings because it will eventually come as you learn.

[Umar001]

Not only bitcoin, dont engage in any business if you don't know anything about the business, if you do, you are bound to fail, btc investment is unique and complex in nature, which required special training.

[julielyn]

I agree with you even though this time bitcoin is a virtual currency that has a very high asset value but do not let it make us think to spend everything just to make an investment on bitcoin. and I think a very specific study of bitcoin is of course very necessary before starting an investment in bitcoin so that we will not get any losses on investments made blindly to bitcoin.

Yes you do not have to invest in botcoin if you do not know it for example, if you are buying something to ask the sales lady or sales cleck where to buy your money so that your money will not be cheaper if you buy that question as well you need to know first or you search the internet about bitcoin so you have a lot of knowledge here before you invest in bitcoin so you do not have to spend your investment here.

[qq555]

bitcoin is one of the world's juiciest prizes for hackers. there must be thousands or tens of thousands who've tried to break it, let alone governments and banks, and they all went away with their heads bowed.

this forum would not still exist if bitcoin had been cracked. if it is we'll sure as hell know about it.

[Corcoran]

Every business you run will be very risky if you do not understand what is meant by the business. Especially business about crypto currency. This should be your first study before you invest. Because lack of info can make you think if cryptocurrency is extortion and also fraud

[Dr.Osh]

Every business you run will be very risky if you do not understand what is meant by the business. Especially business about crypto currency. This should be your first study before you invest. Because lack of info can make you think if cryptocurrency is extortion and also fraud

Well, most people just invest with bitcoin without knowing anything, and when prices fall, they become shocked. well, they should be looking for information on what they will be up to, and they keep for a long time.

[MrCrank]

If you don't know anything about Bitcoin, you can read basic of it only.
Investors can't know how works bitcoin but they can get profit
Buy and hold it

[shinchan123]

Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble.

I also believe that none should enter something without knowing more about what he or she is getting into. For someone to invest on bitcoin without the knowledge could lead to failure or not profitting from the investment made because he or she will not have the idea of when is the right time to start. Moreover, he or she will not have the idea when is the right time to cash out or to sell.

[charlemagne_15]

Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble.

I agree with you! People should not give everything they own just to invest and buy bitcoin especially if they don't know it well and not knowledgeable about the best strategy for handling it due to it could be their downfall. People should be wiser in buying and investing in it and some of its way are: you should gathered informations first about their current status, look for the pros and cons then make a judgement, think about it a hundred times and then plan it out before going for it. Knowing this advice, I think it will help you to decide.

[MS.LAWLIET]

Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble.

i also believe that, so many person thinks that being rich through bitcoin is in just one click, you invest and afterwards you will be rich, but this thing is a very wrong ... if the mind set of a bitcoin user is like that then i hope you a good luck, you might be scam and your money will be just a waste.

[Altcoindealer]

This warning you should post on every exchange for every new user who is interested to buy bitcoins or other cryptocurrencies. ANd if he agrees, it should come a test with questions who he has to pass. And if he not pass i should not be eligible to invest. But as you know, the exchanges do not interest this, they jst looking for money. So you can assume that maybe 80% of all investors have no idea what a blockchain is and how does it works. They just here for the fast money!

[hashshashin]

This is everyone's business, we can not forbid someone to invest in bitcoin. But the fact that some people blindly invest in the crypto currency, and then disappointed - it's certainly bad. This is human psychology, and we can not do anything about it ...

[sgenuine]

Blindly buying bitcoins that you don’t know about, it sounds crazy. Whales really like these people. One of the purposes of promoting Bitcoin is to let more people buy Bitcoins instead of letting more people know about Bitcoins. Bitcoin makes people realize that only Bitcoin can make money

Sometimes these rules are broken. I know people, who did not know about Bitcoin, but decided to follow their intuition and bought BTC. They got the coolest profit.

[santankara]

Bitcoin is a global craze. Even farmers, students, the older, housewives ... who is don’t know what is blockchain also buy bitcoin? Because there are so many new investors investing in it in the hope of making a big profit. But actually, that is not investing that is gambling.  
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble.

I agree with you, I think bitcoin currently has a very high value even many people are tempted by the amount that can make rich.
But bitcoin is not everything, we must be aware that to invest in bitcoin should not for long periods of time because bitcoin is a risky digital currency because it can not be predicted with certainty the decrease and increase.
Moreover, there are some countries that prohibit its use because it is considered risky.

[phelbaby]

For sure that is why so many ignorant investors are so much in a panic state and they are selling out of fear to run into losses not knowing that the price will definitely kick up again.

[Fretcy]

I don't think people are so blind folded like you have said to invest all their money in one basket, that too farmers I don't think, they might not even have heard of bitcoins in the first case, otherwise what told is right in the sense when investing on any commodity be it crypto currencies or bitcoin the investor should know about how it works and how the market situation is, he should find time to learn of the bitcoin and block chain technology and its history or it would be too risky to invest without understanding the market situation. Secondly, the investors should not invest all the hard money to bitcoins instead they should reserve money for day to day use and rest of the money can be used for investing in bitcoins as the bitcoins and crypto currencies are highly volatile in nature no one will be able to predict the future market.

[imgoinforbitcoin]

Never invest in something you have not done research on and do not understand or know anything about. If you are not educated about your investment then you would making losses.

[nicolesalv]

Indeed,it is wrong to blindly overconfidence in bitcoin, because if you don't know anything, you start buying BTC.
Is that a gamble? The risks of cryptocurrency market are huge.

absoulutely true,  before you will going to invest in anything that involves money , it is also your responsibility to know everything especially in bitcoin that the value is volatile. know the flow of prices and study how trading works .