Is is true that most of the crypto investors do not have full understanding of blockchain?

You don't need a lot of knowledge about something when you invest. Even stock markets, mutual funds, etc when people invest (including myself) we don't know in and outs of it. Hardly a minor percentage of people will be well versed you see.

You just have to know the basics of investments and figure things as you go. That's how it works for majority of them and you necessarily don't loose money when you don't know everything.

Learn the basics of investment, be well versed about taxes and understand how to keep it secure(ledger for crypto) and for me as a thumb rule I don't invest in meme coins, I have been associated with a handful of meme coins early on as a founding member and i dont think any meme coin(99.5%) have any long term purpose.

Whatever you invest, do it for the long haul 3-5 years atleast for crypto, 5-8 years dor mutual funds and 9-10 years atleast for stocks

That's true for every market out there

kalpana007 said:

Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.

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kalpana007 said:

Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.

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Yeah it's true!

Yeah they want to get rich over night!

That's true

kalpana007 said:

Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.

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That's true for every market out there

kalpana007 said:

Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.

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ShikharG said:

That's true for every market out there, including the stock market.

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What I am saying is that most investments are made by people without the knowledge of what they are investing in, including real estate.

Obviously they don't, and they don't need to in the same way that you don't need to understand how internal combustion engines work to invest in Ford.

kalpana007 said:

Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.

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I do not see anything wrong with one not having a full understanding of blockchain if the person is making loads of money from crypto. Sometimes it is better to leave technical thing to tech people and just use a simple understanding of the platform to make money.

Consist10cy of Lay-Lay said:

I do not see anything wrong with one not having a full understanding of blockchain if the person is making loads of money from crypto. Sometimes it is better to leave technical thing to tech people and just use a simple understanding of the platform to make money.

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Without basic understanding, if anyone is making money with something, it is because of luck. It will not last long.

kalpana007 said:

Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.

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Absolutely true. Not full understand but not even basics… sad. People should know where they put their money and how to convert them to fiat

kalpana007 said:

Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.

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Being a crypto project owner, i can confirm that. Most investors have absolutely no idea and they kind of gamble only.

Yes, many people don't understand the markets but still invest their money in them.

Same as in stock markets, yes. Some of them learn

kalpana007 said:

Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.

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The bulk of them don't understand the basics much less have a full understanding. It's surprising some of them can even set up a metamask wallet, they're that uninformed.

quietamerican said:

The bulk of them don't understand the basics much less have a full understanding. It's surprising some of them can even set up a metamask wallet, they're that uninformed.

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That is why there are so many incidents of hacks also.

kalpana007 said:

Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.

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Well isn't profit really the real goals? Money wise that's true