Should You Invest In Bitcoin? 😱 (7 Reasons NOT To!) #Best Education Page #Online Earning

so today we're going to be talking about

should you invest in Bitcoin is it too

late to get on this Bitcoin train and

make some explosive gains like people

are seeing so let's go ahead and talk

about that guys and I'm kind of doing it

in a different perspective so what I'm

doing is I'm making a list of seven

things here okay and if any of these

seven scenarios apply to you then you

should absolutely not be buying Bitcoin

now before you guys jump down my throat

here I just want to say that doesn't

matter what you put here it doesn't

matter for talking Bitcoin the stock

market real estate I don't care what you

put here you shouldn't invest in

anything if you fall under any of these

scenarios especially higher risk and

speculative investments like Bitcoin now

I'm not talking about some kind of

passive investment like investing in

index funds or blue chip stocks maybe if

you're if you're doing some of these

things on this list you could still do

that but Bitcoin is a very high risk and

speculative investment with high

volatility it is not something for

beginners so let's go ahead and go over

this list guys and if you are not

falling under any of these seven

scenarios then maybe you will decide to

buy Bitcoin but number one if you're

trying to buy Bitcoin because the

mailman said he doubled his money don't

buy Bitcoin okay the only reason you're

buying it is because somebody told you

that they made money with Bitcoin okay

you have no idea why they made money you

have no idea what bitcoin is about what

cryptocurrency is about if your only

reason for buying it is because someone

you know told you they made money then

don't buy Bitcoin or any cryptocurrency

number two if you want to get rich and

quit your job if your goal is to buy

Bitcoin become a millionaire and then

quit your nine-to-five job you're living

in the clouds guys that is never going

to happen you're not going to be able to

buy Bitcoin now and be able to quit your

job and I know a lot of people are

running cryptocurrency and Bitcoin ads

and things related to that that are

saying oh you know do this and then

you're going to be able to quit your

nine-to-five and fire your boss it's

like dude that's complete

nobody is going to invest in your IC

o---- and then quit their job as a

result of that that is the stupidest

thing I've ever heard but the sad thing

is it actually works and some people

believe that and I can't believe it

so if that's your reason for investing

and it doesn't matter what guys if it's

a real

state or whatever if it's Bitcoin if

your reason for investing is to quit

your nine-to-five next week it's not

gonna happen alright if your goal is to

retire earlier yeah that's realistic

that is just not a realistic goal and

that should never be a reason for

investing number three is if a trusted

source guarantees you returns and what I

mean by that is some Facebook ad or some

exchange offering you 1% interest every

day on your money if anyone's

guaranteeing you or a return of any kind

understand there are no guarantees with

this there's no guarantees with any

investment ok there's risk out there

there's lower risk and higher risk

investments and if you are somebody

who's not comfortable with risk

you can go lower risk and have a better

shot or a better guarantee or closer to

what would be a guarantee but there's no

such thing as a guarantee so if anyone

out there is guaranteeing you profits or

returns from any cryptocurrency or any

investment don't invest for that reason

there is no such thing as a guarantee

number 4 is if you can't afford to lose

the money and it's sad because actually

Jeremy from financial education pointed

this out one of the most popular

searches around Bitcoin right now is how

to buy Bitcoin with a credit card guess

what if you're buying Bitcoin with a

credit card you can't afford Bitcoin

don't buy it if this is money you're

gonna need to pay your mortgage if this

is money you're gonna need to buy

Christmas gifts for people or whatever

or if this is money you don't even have

that you're borrowing at a 25% interest

rate from your credit card company

you're out of your mind

don't do that do not invest in Bitcoin

if it's money that you can't afford to

lose if you got a couple thousand

dollars rolling around and you don't

care if you lose it then sure throw it

into Bitcoin throw it into some

speculative investment that's the time

when you would invest in something like

this is if it's money that you can

afford to lose number five is if your

only interest in Bitcoin and

cryptocurrency and blockchain technology

is the money if you don't care about

Bitcoin and in blockchain technology and

the possible implications and all you

care about is making money then you

should not invest in Bitcoin that would

be like investing in a stock and you

don't care about the company you only

care about the fact that oh I think it's

going to make me money

what's gonna happen as soon as you're

down on that investment you're gonna

sell as quickly as you can it's going to

result in you making an emotional

decision with your investment you at

least want to have some level of

interest in anything you invest in and

if you have no interest in Bitcoin no

interest in blockchain technology then

you should have no interest in being an

investor in this stuff all right

number six is if you have never

speculated before and I'm gonna add to

that as well if you have never invested

before then you should not go anywhere

near Bitcoin all right

you need to get some experience under

your belt you need to play around with

some index funds or blue chip stocks

before you and then have at that point

you have experienced the volatility you

have experienced loss and you understand

what it's like to be an investor this is

very volatile stuff here we're talking

about guys and a lot of people would say

you know what are you gonna do invest a

hundred dollars in some blue chip stock

I mean you could I know a lot of people

have had explosive returns with Bitcoin

this year so everyone is so interested

in it and I mean if you want to do it if

this is money that you can afford to

lose you can just lose that money and

you've never invested before then yes go

ahead and throw it into Bitcoin but do

not allow your experience with Bitcoin

to sway your decisions when it comes to

future investments because first of all

a lot of people that have made explosive

returns are forever going to be

expecting that to happen every time and

second of all if you do lose a lot of

money don't think that's gonna happen if

you invest in things like index funds or

blue chip stocks because it's a totally

different animal all right so don't

allow your experience with Bitcoin to

sway your investing decisions number

seven the final reason would be if loss

and volatility scare you or keep you up

at night okay if you're going to be

checking the price of Bitcoin and seeing

seeing the price go up and seeing the

price go down and at the same time your

emotions are gonna go up and then back

down then stay away from this you're not

someone who has high risk tolerance and

you should not be investing in anything

with high volatility Bitcoin has has

crazy volatility you should not go

anywhere near it

I just want to restate this guys this is

not just about Bitcoin this is anything

you're investing in

if you fall under any of these seven

scenarios you should not be investing in

something high-risk and speculative like

Bitcoin

but yeah so I hope that helped you guys

answer this question of whether or not

you should invest in Bitcoin the main

reason people are interested right now

is because FOMO has been triggered or

the fear of missing out everyone's

afraid that they missed out so they want

to jump on a train that's already moving

and who knows where that trains going at

this point a lot of the people and in my

opinion a lot of the money that was

there has already been made most of the

money to be made in Bitcoin was made a

couple of years ago or even earlier this

year when people bought it right now

it's anyone's guess where prices are

going so that's what I think guys that's

my opinion on it let me know what you

guys think in the comments section below

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