Post
Topic
Board Bitcoin Discussion
Re: Is it safe to acquire Bitcoin without having the basic knowledge?
by
Finestream
on 02/02/2023, 19:48:02 UTC
I was talking to a neighbour within the weekend and suddenly he grew so much passion in wanting to invest but now the problem is that his wanting me do this for him with excuses of not having the basic knowledge and I've told him to Google and do his own research about it.
I want to know if it's safe to buy Bitcoin without having the basic knowledge of it ?
We all know how risky to invest in bitcoin but it will be more risky knowing you invested in it without the basic knowledge. So I would say it’s never safe once and for all. Even if you took the responsibility of managing his coin, that would not guarantee that you’ll never endure some losses too especially in times of bearish season. So tell your neighbor to keep on DYOR first and let him have the responsibility on managing his own investment. He will never learn if he keep on depending on you instead.