Quote from: dansus021 on Today at 01:31:15 AM

Quote from: alastantiger on June 29, 2023, 07:55:21 PM

They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit-making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

I heard a bunch of times like the word "Do not invest in what you do not understand" and in my opinion is good advice tho following our instinct is also a good idea to. If I am not following my instinct I would not be here in the cryptocurrency world.

Tho before invest learning is always in my opinion I mean we know nothing before and if we learn. We will understand.

The truth is that while advice like that is in fact useful to help you avoid making huge mistakes, an advice like that can also stop you from making a very good move which could change your life.

So a balance must be reached, most of the time we need to avoid investing in assets we do not understand, however if we see that a particular asset has tremendous potential then we can take the risk and invest in it, even if we do not fully understand it, as this could be the opportunity that we have been looking for to obtain massive profits.