Quote from: cheezcarls on Today at 11:50:37 AM

Quote from: Smartgoat on August 08, 2023, 10:53:36 PM

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without the ideas or knowledge about it. because he only hard that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin.

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be knowledgeable about it before you invest on it.

I am not sure if I would believe in your story that he sold his property just for Bitcoin. Can be a made-up story.

But regardless if it’s true or not, it is better to educate about the risks first and how to manage them. This is much better to prioritize before investing in some certain coins in the crypto market these days.

Ain’t a good idea to go all-in by surrendering your entire property in exchange of Bitcoin.

There's literally a case like that where he sold his property just to invest it in Bitcoin. There's a lot of FOMO causes people to do this kind of thing, some actually take a loan just to invest which is also very risky. But yeah made up or not but if there's people out there trying to do the same thing, then it's not advisable due to there's no guarantee you'll profit in Bitcoin causes its pretty volatile. If you'd invest with the money you've used is from sold properties or from taking a loan. For sure they won't planning to hodl Bitcoin for a long time and they are expecting a quick return just to get ROI fast or pay the debt. No knowledge is like putting your money at the garbage waiting for it to profit, if you have a lot of spare money it's a good thing to invest t but without knowledge it would be a waste.