Quote from: Franctoshi on Today at 08:11:08 AM

Quote from: GreatArkansas on February 23, 2025, 12:39:08 PM

Quote from: SuperBitMan on February 23, 2025, 10:51:46 AM

(....)
If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

I am also concerned about these kinds of people and how they are able to put money into 1 thing that they don't know like they are easily convinced by what they see on the internet - the social media effect, a lot of people are these. That's why sometimes I say to my mind when I can see people like this "Social media effect".

I really admire the famous quote "Don't invest in the things you don't know". Because a lot of people now are only driven or lured by other people without validating or learning also from by theirself.

I agree with you, I have never been a fan of people who invest in what they don't understand, yes Bitcoin is promising but a lot of people invest without knowledge about Bitcoin or people educating people they tell or advice to invest in cryptocurrency, and when events like Bitcoin crashing to 10% - 20% of its gains, you see this set of people start panicking, but when they understand and go about their investment into Bitcoin with the right investment approach and using proper risk management, that's is to say investing with the money they have no Intention of using in the near future, you would see them not get bothered when such events occur.

Not a fan but rather I discourage people for doing it since they are bound to lose their money if they commit mistake and do wrong approach towards investing on Bitcoin.

So while its early for them to participate and play with the risk they better learn first about what they can possible experience while they are on investment process of this coin. Since we cannot eliminate the risk and just say that Bitcoin is easy quick rich scheme since people would provably face many difficulties and those risk may cost them some money if they don't pay much attention on what they are doing. So research to know more about what they are trying to do is important so that they would know what to do with their money when they are going to invest on Bitcoin.