Post
Topic
Board Economics
Re: Is it possible to pitch a Bitcoin investment idea and gain backings?
by
MarjorieZimmermanGinger
on 22/06/2024, 07:30:10 UTC
In my opinion, if you don't have money and have never invested in bitcoin, you should not give bitcoin investment advice to anyone. If you have no reallife experience and what you know is only from other people or the internet , you are not qualified to give advice to anyone . What you are doing will only harm others and not help them as you think, you should only give advice unless you have experience with it . Experience you experience yourself versus the experience told by others, they have a huge gap and are very different , believe me .

In addition , you will have a lot of difficulty convincing or giving advice to people if everyone knows that you have never invested in it and there is no evidence to prove what you say is true . If you were a millionaire and invested millions of dollars in the market , would you take the time and be willing to listen to the advice of an investor with a capital of a few hundred or a few thousand dollars ? That's like a person being an employee but trying to teach his boss to get rich , this sounds very unreasonable and unconvincing.
There is no obligation to give investment advice to others and there is no need to do so if you don't want to get into trouble. But when it comes to finances, we need to prepare and maybe we should provide education to our children and closest family about investing. This aims to provide independence for them so that when they are ready to invest, they have the correct knowledge. Honestly, I have never given investment advice to anyone and I don't do that not because I don't have the knowledge but because I don't want to face problems when they experience losses due to mistakes they have made.

If we have never been involved in bitcoin investment, it is impossible for us to provide education to other people because we have no direct experience that we can provide. But make no mistake, sometimes listening to investment advice from other people is also useful as long as we can verify the truth. There are people who are good at giving advice but they don't carry it out and that is the function of verifying something before implementing it.