Bitcoin Forum

Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.

I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.

If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses

Simple rule is, While you are making profits, it means someone has made a loss. It's how markets are. Not everybody is going to make profits. The smartest win while the dumb ones lose.

For example the current bull run favours the smart ones who bought during the market. The dumb ones who are buying now due to FOMO might make losses should the market reverse for long periods of time.

You know what, I don't agree. The rule is actually simple; you buy Bitcoin and keep it safe. That's all there is to it. What's not easy with that?

The thing is that people are complicated. We want to trade. We want to analyze charts, develop patterns, make strategies on the best entry and exit points, and so on. We want to invest in altcoins for better opportunities. We get into ICOs, IDOs, DeFi, staking, and so forth. And we are emotional, too.

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

If people invest in crypto without the right knowledge, they will not profit, even if they save it for a long time.
When you buy a coin, you should know why you should buy and not follow what other people suggest because they can not always be right.
But if you hold bitcoin for a long time, you will have a chance to make a big profit and we already had seen that when we bought bitcoin in 2015 and held it until now, we can see how much money we have can earn.
Research is important before you try to be involved in any investment, not just in crypto because that can help you decide.

If it's your business, I see no reason leaving your business that you started to face crypto when you can actually do both and be at an advantage, get money from business and invest in crypto.

What truth please, this is not completely Correct OP, this is a wild generalisation. There are different kind of businesses worldwide, some easy, while others difficult to run/operate. The level of difficulty of a particular business also varies from person to person, that is a business difficult for you, may not be difficult to another. Some persons have even also built a business around crypto and even consider crypto investment a business, so i think the comparison is out of place.

I think people are attracted to crypto because it is a disruptive and growing market. There is so much to be made from it.
Those that quit thier jobs to trade/invest in cryptocurrency do so because it offers them the freedom to work remotely from anywhere. The younger generation do not want the 9-5 life they want to control at thier own pace. This is why I think metaverse is such a buzz

No business is without experience. All businesses have profits as well as losses. If someone thinks that cryptocurrency is very easy then no one is stupid than him. But if he has to learn it, it will be very easy for him. If someone invests in crypt then he will lose all his money. So learn first and think invest.You can learn everything by spending time here without any money.

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. This where the technicality that blows down account within seconds comes in when the analysis goes wrong. To decide when to sell and when to buy back so you don't get trapped in the whale is the deal. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky

Some people really thinks that crypto trading is the easiest way to make money in short period of time, not knowing that the strategies of normal trading is also involved in crypto trading. The truth is that is not everyone that invest will have profit, the game is either gain or loose. But nevertheless crypto trading has been a survival source for many people from different locations in the world, and also has been the source of some people failure due to lack of learning and patience.

First, we have this one:

https://i.imgur.com/sOeyST3.jpg
https://twitter.com/BTC_Archive/status/1462071760766001152

This is the reality that amidst its volatility, Bitcoin's price is actually going up higher and higher if you look at it from a couple of steps back. If you zoom in, there's really a wild price fluctuation. If you zoom out, you will feel really comfortable about HODLing, because there is an obvious price appreciation.

Second, you mentioned about the possibility of getting rekt when the analysis goes wrong or if you got trapped in a whale's decision. In your own words, crypto is just too risky. But what does that really mean? It means Bitcoin's price could rise and fall big time any minute of the day and that it is unpredictable. It is, therefore, very risky to play with its short-term price. But such risk is virtually non-existent if you widen your time frame, say, 5 years or a decade. Which leads me to ask, why should you court risk when there is a much safer and even sure way of making money without really doing anything.

This depends on the timeframe. For most short term investments, this is considered true, its a zero sum game out there. However for people with IRA and long term investments it doesn't mean one of the players needs to be a loser.

Someone 100 years could of bought a stock as an IPO, and they sold at a profit 25 years later to someone else, then that party sold to someone else at a profit 25 years later. And thru the generations each individual sold at a profit and the current owner is also sitting at a profit.

As long as the company doesn't go bankrupt and keeps making money... each investor makes money. Obviously the last investor will lose if the company goes belly up.

I disagree, there're many ponzi scheme on altcoins this one example


Disagree again, Holding is the best for Bitcoin more over if you combine Holding and DCA. You may not earn too much or loss too much, but at least it will minimize the fluctuation price. If you don't like fluctuation... I think Bitcoin, altcoins, forex, etc isn't your friends.

I'd prefer to hold Bitcoin over fiat because every months fiat value always inflated.

I'm pretty sure that's every investment out there is? Only dumb people would invest with the mindset of actually profiting off of what they invested immediately, turning their $1 to millions in an instant, but hey, a man can dream amirite?
It's not just crypto investment, it's every business that's difficult if you are dumb and don't really study what you're going to invest in. Crypto has a lot of room for one to actually profit if you're one of the early investors. Heck, I'd still consider this time as an early investment really. Though as others have said, if you're winning, someone else is also naturally losing, that's how trading works after all.

So you mean that you should hodl when the price is stable? I don't see how one can profit that way though. Besides, zoom out a bit, and try saying again that hodling isn't the best for Bitcoin lmao.

Well, its tricky market I would say. Because many of them are actually thinking about this as excellent opportunity to buy whether it is FOMO or whether it is just another correction from those thousands which already happened. Moreover it even does not matter if it is because of some big billionaire playboy is dumping while he sniffs the cocaine from the table.

So obviously its not safe, it's just the way it is. Since the market was initiated a decade ago peeps are talking about this ponzi schemes all the time. First bitcoin was also declared as the Ponzi scheme and everyone is looting the buyers in first place.

Turns out that it was not ponzi as the whole world wants bitcoin and wanna bag as much as they could in short period of time.

Yup its not safe, but it works; you just need to be careful where you donate your money.  ;)

Crypto requires a lot of time and knowledge. I know some safe ways how to make money on crypto. First of all, staking and yield farming on reliable platforms, just passive incomes. Secondly, holding mainstream currencies, passive income again. But if you don't have a big capital to invest a lot, there are some more dynamic activities such as ambassador programs and keeping nodes.

I think the point here is to keep a balance between FOMO and Logic.

The increased social media coverage of crypto makes people feel the FOMO and that makes them buy some assets in crypto using their own assets. However it is completely a correct statement to say that no investment is a safehaven and in fact the term safe haven is inappopriate when it comes to asset classes. Research on what you are investing has importance that no investor understands till it is too late.

Therefore it is a wise choice to know where you stand, what your country is doing about crypto and how you can take advantage of that. It would not be wrong to collect crypto from different sources and keep them aside if in future your country becomes more lenient to crypto, you could sell them and get a profit then. But again for the time being, such a user should also invest in stocks, bonds, commodities and so on from the fiat markets as they wish and have expertise in.

It is important to have a backup plan for every risk taking. It provides both mental and financial calm.

How do you mean on this precisely. Are you saying here that real life businesses are free from risk? This is not true buddy because every aspect of our endeavour is risk oriented and that is why some days you profit and other days you lose. No man has profit every day or the same amount of profit every day but the amount of profit varies. Therefore, online business too has this kind of model what you need to do is avoid scam sites, learn more and research better. Life is a risky also but taking a better risk is better.

People who think will already know this, there's no safe haven because in investment there's no such thing as safe as everyday is always a different level of risk. Maybe if you're looking at bitcoin as a long-term then you're probably wrong about it not being a safe haven but in a short-term it's right and also it shouldn't discourage anyone to not invest in bitcoin because if you aim for the long-term, you will be rewarded more than you could've expected.

sometimes people who join only see from the side of the benefits, without considering the risks, they look at people who have been successful before with fun stories. when they enter into investment and without sufficient knowledge, then things like that will be dangerous for them, because only then do they realize that investing in crypto is not as easy as they previously imagined

That happens with many people out there when they see their friends or family can earn much money from crypto. They are feeling excited to do the same thing as the other people without researching what they need to do before they start. Those people only hear the happiness story from the other without thinking how hard they can earn that money. It is why many people who do not learn much about crypto will fail in the middle of their journey without coming back and trying to make money.

I think you have it the wrong way around. If a business is sustainable without any cryptocurrency involved then offering a new payment method is simply adding customers rather than overhauling the very foundations of their business. People who run businesses are normally entrepreneurial and will test out many different ways to make money, so they tend to be very experimental leading to more money. They'll also be more aware than the average person how difficult it can be to really make money so I doubt many will think crypto is somehow a golden goose that will instantly shower them with extra money. What I find interesting is how so many crypto buyers think they are somehow pioneers when many just jumped in when they saw the price going up and hoped to get rich off a continual rise with no wider thought process.

No one ever talks about relying just on crypto investments, people talk about crypto investments because at the end of the day the market is crumbling and the government itself is making very stupid decisions. Which does mean that sooner of later the value of the particular currency you are dealing with might go down, causing unrest and problems for the general public. That's when cryptocurrencies like bitcoins would come into play. People would be able to use them generally to have more options, they would also be able to explore financial freedom. No one stops you from encashing unlike most stocks where you are supposed to hold for a particular amount of time.. therefore I do think its not exactly as stable as fiat but it's giving the best returns for most investors. Patience is a virtue in this business.

I don't think that crypto investment is more difficult than running a business or investing in some businesses. The fact is that while it seems like cryptos are all over the place, only 2% of the population actually use them, so we are still at the early stage of adoption. Also, while I completely agree there is no 100% guarantee with cryptos, the same goes for any other investment and, historically, Bitcoin and Ethereum have been wonderful investments so far as long as you don't sell too early. So it's a relatively safe long-term investment (as far as investments can be safe). Of course, investing in altcoins is a different story, and you can lose a lot of money, so perhaps 'crypto investment' is not the best term to describe it since it's too general.

Cryptocurrency is not stable in terms of volatility but I think fiat too isn't stable because it price in global market fluctuates too either in a way that it is not noticeable. You know there is inflation affecting fiat more and that decreases the value of that fiat that it won't be able to purchase as much as it was purchasing years back even the US dollar or Pounds, Euro have not remained the same and purchasing same value years back. During the Brexit, the Euro Pounds suffered against US dollar and just recovering now, that is fluctuation but some don't know this. Cryptocurrency is volatile though because of its uncontrollable volume , fiat too gets fluctuated from time.

Crypto is very safe compare to other centralized currency. Obey crypto rules and regulations will help you to be more safe and remain in profit making. Many countries right now are seriously investing on crypto business because is more safe than their fiat money in the country.
Those crypto investors are more safe in my community than those fiat investors who are always afraid of robbers because many of them are use to fiat money in the societies.
Many government are doing everything possible to make crypto investors more secure in the community so that the country economy will start functioning and well safe to all users in the country. With this budget the government has include to give crypto users good and safe environment in my country will really improve the economy to her next level. 

Any type of investment has its risk and anything that is profitable isn't 100% safe. However, having enough knowledge in the risky world of crypto investment has an advantage for you will be able to know what's legit and what's not. Instability is one of the characteristics of cryptocurrency but holding reputable coins and investing with coins with a good foundation is an edge.

Exactly, many people never understand this fact because they think of the market as a faceless opponent, but the market is made of individuals that are looking for the same as us, so if we happen to win then that means that someone else is losing due to our more accurate predictions and actions, and if we happen to lose than that means that someone else is receiving the money that is leaving our account, it is that simple which means that the markets no matter what we do are always going to be extremely competitive and only a few will beat them consistently.

True, they don't know how they feel for those people that have been losing so many times because sometimes those successful traders not necessarily share their loss publicly everytime they lose. So, people who doesn't know yet about this situation will think that trading is just an easy way to earn money from the internet  But in the reality, it's really difficult.

That’s the wrong mindset that a lot of people are having these days: thinking that cryptocurrency is going to be the final solution to their problem. Sometimes when I talk to people about cryptocurrency, what they always ask me about is whether they are going to get rich when they start investing in cryptocurrency and how long it is going to take them to get rich.

Seriously, I don’t like when people keep asking that kind of question, because we all know that this was not what cryptocurrency is meant for, first of all it was meant for transactions, and simply for transactions. Although the fact that it is volatile change things in some kind of ways. But, people should stop having this kind of mindset that they will get rich immediately when they start using and investing in crypto. Getting rich takes hard work and patience, and of course luck can play its own part as well.

I've got a friend that approached me if crypto is a good business. I've just told him, if it's easy then everyone are already into it. I've told him the truth that it's too risky for someone like him that has no enough knowledge about crypto and is conservative about the volatility of the market.
It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.

I would say being a worker or basically not taking risk with your money is still a better and safer way for most people. We are here and we want to get rich and we want to retire early and if I could have a million dollars right now then I would risk everything for that but that is who I am and how I think. But I know a ton of people who go to work 9-5 and be the happiest person in the world.

To be perfectly honest, if you work 5 days a week, 9-5 everyday, rarely overtime, and earn enough to survive then even I would prefer that. However I know that type of job is not possible for me so I decided not to do anything about it and just focused myself to this life. What we are doing is riskier compared to salary earners, but it is also more profitable if you find it right. I can't say everyone does, there are plenty who lose money but at least it is possible to get rich this way.

Just right for us to be that sensible on whats happening around in the market on where we shouldnt really believe when it comes to those kind of approach and its true that if its easy to make profits or money into this market then everyone would really be diving into it.

You are good on telling it because people do really hook up to those people who do easily get fooled to believe that it does exist or actually works but you dont know that theres some intention behind those things.

Only you could actually save up yourself no matter what.

I consider in a crypto market is a big ocean in which are there are small fish and the big fish, once when you at loss it means you have been eaten by a big fish which is commonly a whale. There is no actually safe in crypto, you have a good point about your friend and saved him/her from possible massive loss which is very common in newcomers in crypto.

The problem is people don't understand how crypto will work, they always have this thought of always making money in crypto.

Maybe the OP meant ^{[no investment is 100% risk free]} because I think that phrase is much more suitable for any type of investment. A safe investment is an investment that is not inherently against the regulation of the government where you live and bitcoin is generally a safe investment because only a minority of countries prohibit it.

Safe and risk-free may have different mean, but they can still be achieved with bitcoin if you don't think of it as an investment asset but as a savings for your future. In the long term bitcoin still has the potential to go higher, this has been proven over the last 10 years. However, because bitcoin is a very valuable currency, it is our duty to keep it safe from the cunning efforts of scammers.

Every Investment have got risk associated with it. What OP adds through the post is cent percent the reality. People have hyped it and are getting into cryptocurrency without any formal knowledge about cryptocurrencies. This is a big risk, maybe a few could succeed out of the luck and the same won't happen with everyone. These days people have begun to start some form of MLM based services in the name of cryptocurrencies. If you go find them, they even don't how a transaction is made.

In general, there's no easy way to make money regardless what job, business or investment you're into its always associated with risk. However we can maximize our chance to take advantage the opportunity by studying how the system works for our own benefit.

If we engage ourselves in crypto, we must fill our mind with knowledge in order to better understand its nature and to know the various ways to earn.

This is something I agree with. Because knowledge is power, you must first learn before you can earn. I believe it applies to all aspects of our lives right now because that is the reason why we go to school and have a job, but when it comes to investing, that is something else that we learn through experience and also by reading books. When it comes to crypto currencies, I would recommend reading articles online or gaining some hands-on experience. You must decide whether or not you want to risk your money because every risk will result in a win or a loss in the end.

Risk and knowledge, this two should come together for an individual to succeed in his financial plans in life. May it be an investment or a business. We all have our own passion that fuels our interest. Most of the successful ones are those who choose to put up business, but there were also those who have enough expertise to invest into stocks, commodity, or even cryptocurrency.
However, just like what the OP said, investing in Bitcoin is much more difficult than putting up the usual business. Not to mention it's much riskier as well.

1.No investment is 100% guaranteed to make profit.That's why there is a risk/reward ratio.Riskier investments bring bigger profits.Less riskier investment bring smaller profits.There's always a risk of losing your investment.
2.Nobody is saying that making money online is EASY.It never was and it never will be.
It doesn't matter if we are talking about the crypto industry or the online fiat economy.
I'm not going to care about all the delusional people,who got caught by the crypto hype,who think that Bitcoin/altcoins/NFTs will make them millionaires without them putting any work and effort at all.
Bitcoin IS a safe heaven,but only if you don't panic and you don't sell your BTC,when there's a price drop.

Nowhere is safe for investing because of the rule it says no pain no gain and no risk no reward of you cannot handle the risk of losing your money and you do not have a proper investment plan then you cannot get gain any profit over your money. Some risks are reasonable and you can somehow handle the risk for example whenever you buy bitcoins you can set your targets and set a stop-loss for your funds buy some others are not reasonable, for example when you don't know the project and what it does then you participate on the ICO with closed eyes hoping for high returns which is more like gambling.

Most of us who want to make money from the cryptocurrency industry don't have any proper knowledge of how actually cryptocurrency works. Just forget about technologies, no one bothering to learn. We think cryptocurrency is a quick rich method that leads us eventually to loss. Although cryptocurrency isn't a Ponzi scheme, but it's the circulation of public money. Today with me, tomorrow would be with you. Means just changing hands, if you are lucky you can cash out during profit if you are a holder. Trading means I am losing you are gaining or reversing it. Everyone wouldn't or shouldn't be a gainer here. We can't say sade anyway, in every business has a risk of loss. So it's not out of the risk to invest in cryptocurrency.

In business, nothing can be considered as safe. Because ups and downs are the common features of the business and also whenever you are making profit from a competition it means someone is doing loss and you are getting it as profit. This is called the competition of the business policy and I think every business is done by following this. I am a crypto trader and also I have some physical business. So this is my thought about your statement.

Whatever sector is considered profitable, it all comes down to relative to the person and how they respond and manage it well. This does not necessarily mean that crypto is profitable, nor is it detrimental either. Only intelligence and ability in terms of understanding what aspects support it. As with the most important thing is knowledge, it doesn't matter how one makes a profit from cryptocurrencies, stocks, gold, property and things that add to the financial amount. It depends on the management, because in the end it is our level of foresight that drops the money.

every business there must be a risk, as well as crypto, safe or not safe in running any business there must be someone who makes a loss
in manual business I think the risk faced is very simple compared to crypto where if crypto experiences a decline in price and the capital we have minus is too deep, we may experience bankruptcy and wait for 2 = 4 years to recover
but for manual business the level of risk is arguably lighter because the biggest loss is from the fact of human error and usually one business has security insurance against things that are detrimental

Wait, looks like you're starting to ignore what analysis is.  :D

Trading and investing requires us to do analysis if we want to invest in assets that can really bring us profits. Without analysis, I think we are only gambling with price volatility because in the end we only hope that it will be full of luck that will bring big profit. I don't think this is good, although I'm sure not all of us will make a profit at the same time. If you believe that trading and investing is not a get rich quick scheme then it should be a good capital analysis before doing it.

If you really want to invest and 100% guaranteed to make a profit, then put your money into savings account in your bank. Right now USA has like 0.25% yearly places when inflation is over 5%+ for sure. You may reject the idea but inflation is definitely horrible there right now as well. Which is a proof that savings account doesn't even make you a profit, you are losing money because of inflation, just because the number went up doesn't mean you are now richer, in fact you are poorer in that case.

This means if you are taking some risks and investing in other stuff then I have to say it is definitely a lot more possible that you could get richer as well. Maybe not everyone realizes this, but the reality is that taking that risk equals to finally being over inflation and finally getting richer. This is why "safe" is not the way you want to go.

Unlike in the 70s and 80s where you will just decide to pick and investment, fund the investment sit back and relax while waiting for 10-20years before one can reap the fruit of their patients and hardwork put together but since crypto is very good at given high returns and mouth watering profits, many have decided to take crypto as means of meal ticket to richness which is the other way round. Bitcoin or rather crypto in general might have help to beat value against inflation but 50% of people buying them today are doing so to get wealthy and not concern about the  technology and this is why they panic when the price fall.

In fact, if you say safe, in all aspects of life it contains risks and in the sense that it is not safe.
despite all that happened this is to me is the same as life where the strong survive here.
Those who can manage well and manage everything well will benefit and those who just want to join in, then they will lose and lose.
we all will not get the same advantage here, depending on our intentions, determination and patience. when we are able then we will win when we are not able so don't expect you to be rich by being here.

Maybe you are right, but people who are interested in crypto are starting to no longer trust their money in banks because they are starting to realize about financial privacy. Personally I admit that it is a good choice because the security is guaranteed, but the amount of annual interest offered is not worth the amount of money we save.

If I'm not mistaken, it seems that since 2017 until now I also no longer have a lot of money in my bank account. I try to invest it in assets that can benefit me better like crypto as well as gold.

I agree with you. The point with bitcoin investment is that it has became a safer option when compared to some traditional investments which return inferior annual interest when compared to the inflation for that same time period. While you have bitcoin investment which can generate you profit or not (there is a possibility implied), you have those another investments which are sure to make you lose money due to the reason presented previously (inflation). So between the uncertain profit and the certain of loss, I prefer the uncertain one, that by the way is working really well.

Basically I still don't understand traditional investment calculations with all forms of rules and all agreements that must be signed at once on several pieces of paper, I'm a person who is too lazy to learn this so I just want something simple and for me crypto the concept is simple and minimalist.

Regardless of profit and loss, it is a risk that must be lived.
But for me personally I prefer to be in a modern and simple investment, not many rules compared to modern ones, but we have to read all the rules and complicated with signatures everywhere

Ofcourse, there's no kind of business here on earth that is actually safe and assured to make profit like a 100% guaranteed. It's very common for business to have certain risks and failures to overcome that's why proper planning of when and how to execute is the best way to atleast make more profits than losing.
Crypto industry is here to help people understand the market and economy better, it depends usually how you see it, I mean, just take some research and study it first to acquire some knowledge before putting some funds to it. Because if you don't, you'll end up losing it, it's like going to war with blindfolds.

I don't think so because I see people who play in crypto so far still trust their money in the bank,
of course the bank maintains financial privacy and I don't see anything suspicious being done by the bank,
but it all comes back to each individual that they still trust the bank or not

Whether it is business or cryptocurrency everything has got risks. Leaving a business and investing completely into cryptocurrency isn't a good choice, because as a beginner it takes time to get adopted to the market and start making some profit. If I'm not wrong, the learning and the knowledge about cryptocurrencies is the one that makes the portfolio safe. Initially investing a little and further adding more once after experiencing and learning about profit making is the wise decision.

But same as crypto, manual businesses you are talking is also not an easy thing, I have my small business in my location and comparing this two, crypto investment is much easier and faster to earn than offline business. In business you need a capital and a lot of hardwork to become successful, you really need to manage things differently. The only strategy I saw to invest in crypto successfully is when the market is like -50% or even higher and then hodl for some years  for a long term investment. For everyone not to lose money in crypto you need to be really wise and have patience. 

It is to say that many people got stupid and this implies that people are too greedy. Then, they lose and make blame others, not themselves.

Well, I hope that everyone knows about it and clearly understands what is "risky" means.
Coz majority that is investing in crypto now have no knowledge. They mostly just brag and get influenced by others talking and showing money out from crypto. They might be telling the truth but they also send people to lose their money.

Diving into cryptocurrency is one the best thing that happened in my life and I agree that nothing in this crypto world is safe even with bitcoin itself, but before that we must know that everything you invest you should know that you can lose everything that you invested. There's lots of people already adopt bitcoin as their payment and not a little too someone who wants to crush it with their power.

Not an easy thing to the extent that there are so many competitor in the industry that's why this should never be comparable to crypto investment since for me this is different criteria knowing that both of them have different risk. Although there's a high chance for us to earn huge on crypto but we can't deny that the risk to lose is so huge also. While in our business we can solve the problem if there is and we can scout to see the demand in certain areas and improve what we built.

One thing that really guarantees you in the world of crypto and blockchain is by losing money due to market volatility. We are not guaranteed to profit, but losing is guaranteed. It’s the reality nowadays. In order for you to be a winner, you have to decide and trade smart and not just harder. But still no matter how smart you are, there are no astronomical guaranteed returns or promises because of the unpredictable movement of the cryptocurrency market.

My friend once told me, "it will only become difficult if you don't know how to play them". And I agree to him.

Crypto investment is so difficult because we don't truly know how to play it. Its just that, most of us assumed that we know how to play this but actually we don't. So why? I think it is because we lack knowledge. There's a lot of technical things in crypto investment and not just throwing money anywhere where hype exist.

And you know what, you're right there is no safe place here in crypto and even outside crypto. There will always be a risk either crypto investment or not. But we can limit the chances of us losing money if we equipped ourselves with the right knowledge on whatever it is we are involve.

I agree with basically everything you’re saying here and the truth is bitcoin and bitcoin and other cryptocurrencies shouldn’t be your entire portfolio anyhow. It’s important to have a diversified portfolio and maybe make cryptocurrency part of it only if it fits (meaning you can afford to take on its risks).

that is the reality that is happening around us. on the other hand, many of them feel proud and smart as if they can predict prices even though they don't have enough knowledge. confidently they invest and in the near term will get doubled returns, until a bullrun occurs they are still optimistic that prices will soar, but the reality of the market is different, and finally a panic sell occurs

All types of investments have associated risks. You are not 100% sure that you will become successful in your every investment because there is always a losses. But of course if you have enough knowledge about your investment, you can handle it with cautious to gain profit and avoid losses either in crypto or other type of investment.

I understand that most of the people joining crypto are hardly driven by their interest to earn or profit from it due to its growing value. They may think its easy but surely not. It is not safe, its risky. Its better to learn before getting in and hopefully not in a hurry to skip and earn. You might end up losing what you've worked hard for.

May I ask what they are driven by if not their interest to earn or profit by it? of course, the majority of people in crypto are driven by the interest to earn quick profit, it will be better if people can learn a bit before diving in, but many invest before learning which is not very wise since the person will miss much vital information on how the whole market operates as well as hoe to be safe in this space.

Everyone want's to make money! We are all driven by the interest to earn or make a profit by investing if we have what to invest... and of course, nothing is without risk, turn it upside down we always risk something in order to get something! Crypto or anything else it's almost the same in my opinion, the better we are doing something more money we can make, nobody will keep us safe we have to do that wherever we are! So nowhere is safe, we need to learn how to walk before we start running! And when we start running we need to be even more careful than we were, and pay more attention to the things around us!

And that is because people want to feel that they are doing something to improve their situation, it is very common that after a tragedy happens there are calls for the government to do something and the government does, but many times they make things worse by their actions than if they did nothing, however if the government did nothing then people will complain about the inaction, people see inaction by nature as laziness when many times that inaction is the best thing you can do, and this is the case when you are holding your bitcoin, once you buy there is not much else to do except to keep it, but many people cannot simply accept this and decide to become traders only to lose their investment to other more talented traders.

There is a saying from scammers "I have never scammed anyone who didn't want to scam me" and that's true for most cases. If you are looking to scam people and you found someone who believes that they could get something very valuable from you for very cheap, they are trying to scam you as well. Why would you be able to pay 1k dollars to someone and get 100 dollars each month forever? That's a very believable scam because the amount is low and yet people still fall for it.

All in all I have to say there are some cases of scamming that was deservedly done, I know I should not be victim shaming, but it is not like stealing money from old lady situation, we are talking about young and smart people who got too greedy and went into risky stuff just because they wanted to get rich quick and ended up getting scammed, that's a bit of their fault as well isn't it?

Indeed, we may find it difficult if we don't have exact knowledge towards cryptocurrency and other virtual currencies. Seeking safety for our finances would be so hard but with strong motivation and courage everything will be easy and smooth. Overcoming scams needs our verification before trusting unknown platforms that aggressively taking advantage with our efforts and hardwork.

if you have the will to learn, you can educate yourself on what is right and wrong. definitely, crypto is not a safe haven for your investments. in every investments, there's risk involved. and with the volatility feature in most cryptocurrencies, this is one of the aspects that make it attractive to traders or users.
if you are not sure what you're getting into, better not to spend your hard earned savings, because more then likely you will only lose in the process. if you want a lil bit of insurance with your money, better invest in tangible investments like real estate or precious metals. but if you are a risk taker, you can always explore the world of crypto

There isn't really a hundred percent safe place for you to store your assets that could guarantee you a huge profit in a short span of time. Everything takes time. An investment needs time to mature may it be in crypto or other investment vehicles. If someone offers you easy and big return of investment in a snap, probably it is a form of scam. Do not be fooled because there's no such thing as that right now, most especially that we are in the middle of a crisis. Having a profit in investment is not an overnight process. If you want to invest your hard-earned money in crypto, then expect your money to generate profit after several years. If you want a fast profit, then do trading or scalping. Go for the short-term if you want to see your money gaining instantly. Or you could do both if you have the means. That way, you will see how long and what it takes to make money both passively and aggressively.

If you want more than what I mentioned to secure your future, then you can opt to invest in other investments as well that are trusted and reputable. You can also try to put up some sort of business if that's your thing. Or you could hustle using your passion while doing crypto to have other money-making alternatives. You see, we have to have many streams of income to be financially independent someday. Sticking into one income-generating source won't guarantee us to be financially stable in the future.

It's risky, no doubt.
That's why I think most of the people who get into crypto are either the fooled or the courageous types who take the leap where they want to put their money in.
It is not a safe haven unless you do your job in protecting your money. No financial advisors, no managers, you are on your own.
There is no bank anymore that can insure you, you lost it, your fault.

Why do you say so? The truth is that neither is guaranteed when you invest in the well established coins. Some people would say that profit is guaranteed in the long run, but I think we can't be sure about that. However, saying that because of the market volatility you are guaranteed to lose is a bit strange thing to say. High market volatility may cause loss of your investment, so don't invest more than you can afford to lose, but, on the other hand, it can help you to gain big profits.

To me it depends on which field in crypto space you choose, there are ways to win without losing your money for example buying good coins before they become popular through launchpads, every business has their risks and disadvantages but newbies just need to learn the risk factors and rules, almost all tokens I invested money on this year gave me 3x and higher

TBH, I'm one of them.
Not directly leaving my business because I don't have one but I left my job because of crypto. I don't want to share the whole story but at least you got the point. I'm doing this for around 3 years already and I didn't felt any regret with my decision. For me, it is one of the easiest way to make money but at the same time it is the easiest way to loss your money if you don't have that much information that will help you.

Crypto really isn't a safe haven and I think this thinking must be eradicated.
Or it depends on the investor :D. Maybe for some who are holding for years, they see Bitcoin as a safe haven because base on history the trend of Bitcoin is always upwards and vice versa.
One thing is for sure though, focusing on crypto is hard and I know it because that is what I experienced. I left my low-paying job here just to focus on crypto. I tried to learn at least the basics to have something that will help me.

I agree that crypto isn't a safe haven for investment but a battle of knowledge. These wreckless investors who just go with the hypes are most likely to lose everything. Doing research are still a must.

Cryptocurrency market is just a battle between knowledge. The wiser you are with your money, the more you win. Its somehow difficult but through failures, you will gain experience that could propel you to financial freedom.

Seriously, I’m yet to get why the rush. I don’t see why anyone would really leave their regular job and jump into cryptocurrency when they have no clue on what it is all about. When I knew about cryptocurrency, it wasn’t something I tried to rush into.

I had a job that I was doing then and that six years back. I took my time and studied everything about cryptocurrency, and at a point I started making some income from it, but I still didn’t quit my job immediately, even at a time when I started making up to ten times of what my office job was paying me. I stayed until I made sure my cryptocurrency source of income was stable enough and also that I’m ready to start my own business and become self employed, that way I would have two sources of income. And that’s how it worked for me.

And this is why many people end up being scammed, once you make the realization that no asset is ever safe then you begin to take precautions and protect your coins to the best of your ability, but a newbie instead tries to look for that perfect investment they can just buy, earn money with it and have no chance of losing any amount of money, and we know that the only ones that can promise anything like that are scammers, this is why it seems sometimes as if scammers are never going to run out of victims, since people have the wrong expectations about the markets.

Any places that "guarantees" you that you will be making a lot of profit will be lying to you. Unfortunately nothing is guaranteed in the crypto world and the sooner we learn this means the sooner we will realize that everything we do in the crypto world has a risk involved as well.

I believe that we are going to have a lot better situation in our hands eventually, it will take some time to get better but since it is a long term project that means if you buy bitcoin and eventually it goes up a lot then we are going to be in profit a lot and that is when it is "guaranteed" if you could put a stop loss at a huge margin as well. It is just "possible" after a long period of waiting.

Well, he could not have said it better, in fact in trading it is like that, in every trading platform whoever wins is because someone else thought otherwise and lost, normally in this type of case many analysts rely on the news, on everything that It has to do with relation to the market and they always judge a movement with some news, and it is very difficult for someone to affirm that a movement occurred but that they predicted it before, it is really difficult to find someone like that. Nothing is written, some just want to be in a safe zone, in fact the professionals are always in the market operating, some the most expert protect their longs with leveraged short positions.

News seems to be the best form of analysis but its effect on the market is just temporal and once the effects begins to fade off a reversal occur. Most times long spikes could blow off trading accounts mostly when one is trading against the news even when the trend is correct. Its safer to eliminate greed and move on with little profit to avoid unplanned losses

This is very true, man. None of the investment places is safe completely. And it is normal at the same time also. Because we are living in the technology era and hackers are everywhere. Even banks can be hacked for example. When it comes to cryptocurrencies, we have the full responsibility of our funds in this market. If we don't secure our cryptos properly, the probability of their being hacked increases a lot.

The simple rule of how to make money online and While you make money, sometimes your profit is weak so it does not mean or it means that someone has lost.  That's really how the markets are when you're online, you have to be ready for whatever you get, you can't say we can get everything.  Not everyone will earn a large amount, The smartest wins while the dumb loses.

Whatever it is, I don't think anyone offers a 100% safe place to invest,
the risk will always exist and that is why we must be careful and always check and also secure,
Hacking is everywhere and indeed it is a global problem

100% agree.

Crypto is not a get rich quick scheme or anything easy of that nature.

It comes with its own share of risks and rewards, it's just that it is a much fairer playing field compared to traditional finance. I think that in itself should be enough to convince people to invest, but definitely not blindly believing that they can pull infinite money.

If people were looking at something safe I am pretty sure they wouldn't put all of their money into some "code". I know that there is much more to bitcoin and all of crypto then just being a code, but the reality is that we are literally talking about trusting more to Satoshi's code then we trust government backed banks. That should tell you enough about how little we trust banks, the whole reason why bitcoin even has any value is because banks and fiat monetary world we live in is discouraging for people who are not wealthy already.

Definitely, you may not become as rich as Elon Musk, but all of the people who are at the for best top list right now are people who had families with money. Crypto gives people who came from nothing to have a chance, and that is why we are putting so much trust into it. Is it risky? Yes of course it is but it is surely much more equal in risk to everyone.

Sorry if I am mistaken, we are all here to make profit. ;D It is given that every thing that involves investment is risky. Not blaming anyone for being afraid though, losing everything is the scariest and most depressing part thing that could happen in crypto. I think what people should practice asking before getting in something that could lead to a terrible loss. Asking advise is not hard, I did observe that every one in this forum is extremely helpful.

Risk has always been a common conversation in cryptocurrency investing. Of course, at the beginning we have studied the risks, or are we just desperate and ambitious to get big profits in a fast time. even though many have suggested in this forum to use cold money, and if we are still risking money that should be for needs, then the initial error has occurred, and if the market goes down like it is now of course they will not sleep well

It's true, and the only thing you need to remember is when to get out of the trade. That's how you ensure that you're not losing something out of your investment, or even to minimize your losses when the time comes. Learning how to read the situation is your best bet if you want to survive the gruelling reality of taking risks and investments even on unfamiliar markets.

Remember, those who lose money in trading are those who don't have self-control and believes too much in their abilities.

To this I will add that people need to learn about compounding interest as well, they see someone promising them 1% per day and they think this is a reasonable amount because it seems so low, but 1% per day is massive if we use compound interest over several years, and no one can give something like that even in the market of cryptocurrencies, and this is because if there was someone that could do something like that then they will not need the money of someone else to trade the markets.

Dont really let yourself to be that confident when it comes to investment because this would really result into disaster.We should really mind on how to sustain into this market and shouldnt really hurry up because everything would be needing for you to sustain first.

Making out investment decision would neither be effective or would simply put you on trouble.This is where risk management do matters
on each individual.

Be realitic and believe into those things which are actually happening and act according to it.

Could be a "code" in its core but people are not investing into that code, they are investing into an idea that supports that code. Bitcoin is a currency that is as far away from governments and banks as possible. This is why we invest and use it because at the very least people know that they are actually investing into something that can't be meddled with for the benefit of some people.

Corrupted nations consider it as the greatest thing ever, in corrupted nations many powerful people do whatever they can to make as much profit as they can which results with citizens getting poorer and poorer whereas rich people keep getting richer. Maybe someone from UK could not understand the value of the idea behind crypto, which I am sure some do, but there are whole nations who understand the benefits of bitcoin and what it stands for.

If you say the convenience and security of cryptocurrencies, of course there is no 100% guarantee for the capital they invest, and you compare it to a sales business, this is already a physical object. You must again understand the difference between the two, investors who use it are ready with all the risks. I reviewed how many of them are successful in Crypto with knowledge based trading methods, of course there are many. So according to my style of thinking, with the power of Crypto now it is impossible for them to leave it. The ease of obtaining benefits has been given to many people. it comes back to us, how to trade and set the strategy.

I can say nobody can actually graduate from the institute of cryptocurrency trading. Every season needs its peculiar strategy. It is better to be involved in both other normal business and cryptocurrency trading. Getting rich in cryptocurrency trading needs the right strategy.

Crypto is dangerous place for people only wanted to have a fast return of investments and it is not really to those people are impatient wherein market is very volatile that anytime it will lose you money or make profit instead. As always in crypto, we only invest what we can afford to lose.

It's a strategy that no one has invented yet. Luck is still a big factor in cryptocurrency trading, and this will hardly change any time soon, if ever. So, I agree with you on the "normal business" part. Imo, it should be the primary source of income. Same with stocks trading: most people are doing it as a hobby, having a regular job at the same time.

I fully agree with you that crypto currencies are not 100% save, there is always some risk involved. But so are all the potential investments. If some offers you a 100% save stock deal than he is lying. We can't predict the future with absolute certainty. Even the savest money at the bank can be lost if the bank goes bankrupt. We have seen it in the past with Lehman brothers. The same goes for government debt. It may look very save on paper, but even countries can go bankrupt. With crypto currencies we get at least rewarded for our risks.

prices and projects in crypto there are still many risks that need to be considered and every job is risky but real work/manual business is more comfortable when it's going well even though it doesn't promise doubled profits as we know joining the crypto world is not only luck and knowledge ,but the spiritual/state of mind  must be strong

Indeed, joining crypto whether it's trading or investing we have to really prepare everything,
without any preparation we will easily lose money because the risk is big,
the two most important things in my opinion are knowledge and skills

But I guess some of us here are already formulated their best strategy how to approach on a volatile market of crypto but I bet that none of them never experienced to get what they always wanted and that's winning always in trading. Cryptocurrency is worth to invest with provided that you have the idea how to invest in it, I would also going to agree with the fact that crypto is not the safe haven especially if having the option of leaving a regular job and be full time in crypto.

It is obvious that we are going to lose some money at certain times, there is no way to avoid that at all. However we are smart enough then we are going to end up with something profitable in the "long run" and that is what matters. This is why I believe that we should be able to lose some money here and there and not be worried about it. It just happens, there is nothing wrong with that, you could even get scammed and lose a chunk of money as well at times because in crypto that really happens.

The problem here is that people ignoring the fact that we are talking about years and years of doing this, why not focus on that? If you focus on 5 year plan, or even a 10 year plan, then you will realize that all those small loses, or even big losses will end up being not so important at all and you will be able to profit from them anytime you want.

If you mean trading crypto, then that's the worst thing one can do, imo. Being a developer or cypto journalist is another thing. Those are great jobs, and you can go full time on them. But the funny part is that you need skills, good skills, to to find a decent crypto related job, and not many people have those skills, while almost anyone thinks he can be a good trader.

did you think many people around the world believe in investments most of them join and just see that its benefits are enough, but they don't even know the risks that will result and they just imitate the people who are already successful  experience, have neat stories.  and yet even if they don’t know that you should really be alert to investing when you enter an investment and don’t have enough knowledge, there is also a way that you will fall short things like this need to be taken care of because the risk is just there along with  us, because only then do they realize that investing in crypto is not as easy and fast as they thought.  must find out before you join and accept whether to win or lose.

Agree that there is no such thing as a risk-free investment; any investment involves risk, but the investor's ability to manage it varies. how he can avoid it and how willing he is to risk it. You cannot succeed if you do not take risks, so we should take precautions and conduct our own research to mitigate the risk or determine how to minimize it. Since hacking occurs everywhere, we should be more cautious than ever before; there are a lot of great of tips online on how to keep your wallet secure.

That's how investing is and it all comes back to each other's decisions whether to take a risk or avoid it,
taking risks is not a bad thing and vice versa too,
talking about the hack is still a troubling thing and we can't deny that it will keep happening from time to time

It is like everything will always have two sides:
Bad and good things
And everything or everywhere wil also require risks. Even it is only a very simple jib, it will always include risks. However the risks will be different.
Higher risks commminky will also offer higher benefits. But it may not impelement in all parties.
Btw, just do whatever we can and we want so that we don't force ourself to the risks that we cannot afford or cannot do it

formal knowledge got when you try something new, and most of us know bitcoin from experiencing good and bad thing.
its not easy like play easy game, every investment need strong thought, to surf deeper, to take big profit. and easy investment is just following third party that just give you clean profit every week/month. no need to think about what to do, just prepare you funds.

Investment and doing business is completely different and it requires different skills and knowledge to become successful in it, investment is relatively easy to make money but they need to pour lot of money to make some money but for business you can even start with zero and turn them into billion dollar company.

You are all right. If cryptocurrencies were the best place to make money, then many would already be rich, but this is not and will not be. Why? It's that simple! Money does not come from emptiness, if somewhere money came, then in another place it left. In other words, if you could make money, then someone lost that money. This applies primarily to any business or trade. Therefore, there is no need to build illusions about making money on cryptocurrencies. At one time, I wanted to help my acquaintances start making money on cryptocurrencies and wanted to share my experience with them, but after they found out that they needed to make a lot of efforts for this, they immediately refused to study. So cryptocurrencies, like other types of business, are not for everyone, and they cannot be a solution to financial problems for everyone.

That is how life goes , there is good and bad, there is life and death and there is beauty and beast.

In this market we must understand that we are only gaining instead we can also Lose.

and invest what we can afford to risk , and never put your money in single place instead diversify for more safer investing .

There are always risk in all types of business, and definitely crypto has a high risk. Yes, there might be bigger opportunities in crypto that will change your life but that will not happen easily, as no one gets there overnight. Everything is done with hardwork and patience.

However, if you enter crypto without enough knowledge and preparation, you will never still be successful and profitable. So same with other types of business, crypto has even more chances of losing if you are not smart enough. But if you come with proper knowledge and determination. i would say the rewards are all worth the risk and preparation.

Either way, both still includes risk. And there will always be losing, while the other is winning and gaining profits. But somehow, we all wish to end up making profits and be successful in what we chose.

However, with crypto, i believe there is higher risk and with higher profits to make compared to other kinds of investments. But this won't make crypto a safe haven, because as long as there are risks in it, there is no guarantee that you will always be profitable. This is the reason why many have decided to enter crypto but only few have succeeded.

You mean the market is not safe to make money? Market is very safe to make money for this December . Despite the decreased of bitcoin price that occurred few weeks ago that is making people to feel there is no way anyone can make profit in the market before the end of this month. Many bitcoin investors are still making money from their investment but the profit is too small compared to the last two pumping.
There is a little economy shaking few months ago because of  the pandemic that made many citizens to remain at home because of the covid-19 virus that was spreading all over the country. Now people are very safe but the economy is not too safe for the citizens to earn well because of the challenges that occurred during the pandemic.

The faith in banking systems only exists because of the illusion that government can provide the best financial security to its citizens. It's an appeasing illusion, because any financial troubles can then be blamed on a 3rd party instead of the individual holding the funds. I'd argue Satoshi's code isn't merely an arbitrary string of numbers but an entire philosophy of decentralization. People trust banks a lot, and will do so for a long time until they're forced to recognize that the government does not have any single individual in its best interest.

It is totally understandable if we just try to gain experience if we could. That would be a better thing and we would be able to just get better and better over time, it is really a great situation for everyone involved. Sure you are going to end up with some losses and that is why many people do not try it but theory could get you only to a level whereas everything else will make you a lot richer.

If we end up buying at low levels and sell at higher levels then it doesn't matter how long it takes to profit, it would give us a great chance to make a profit over period of long time when we are newbies and we will get better at doing it and can be able to do it quicker as well. So just start doing it right away, learn from your mistakes, see how the better version could be done and you are going to end up with making a lot more profit in the long run.

That is certain for most business. Anyone selling goods of certain value or with tickets above a certain value should seriously consider implementing a crypto-payments solution to allow customers to pay with crypto. This may now be simply a smart option, but by the looks of the markets and the general direction of travel of adoption and recognition among the young, it may simply become something that commerce may not be able to live without or, in another way, may have to live with it or be loosing a significant percent of sales.

Not only in crypto, but also in all sources of income, if we can simply do the right thing in the first place, we will make a lot of profits in the long run. Being able to manage our investments properly will always result a positive outcome with good returns.

Yes, you are right OP, no where is actually safe since we all have risks to take when we aim of profits. But if we start learning how to manage the risk, that's the time we will find success in our investments.

Its very clear that engaging in crypto is not a guarantee to solve our financial problems individually or even the country's failing economy. But its a tool that if you are knowledgeable about it and use it to earn an income through your skills and developed strategies, then that will be a big help to resolve your financial problems and make you financially stable. But all these things won't happen in just a blink of an eye, you still have to learn more and experience more in crypto like losing more money than gaining profits. If you can manage all its risks, then crypto is definitely designed for you.

A lot of people think that it is easy, and they think that they can become millionaires by investing in Bitcoin. They never know that it is not very easy as they think it is. Anyone who wants to trade and invest in cryptocurrency must be ready to learn, keep on steady improving, and have patience. If they can do these three things, they will likely succeed here.

If you’re investing in cryptocurrency you should know it can take time, if you invest today, it will take years for a bull run to take and the profit you’re making relies on how much you have invested. Unless you’re lucky enough to find one of those new projects that might turn to be huge in future, and the little amount you invest would generate bigger income.

You are right, sometimes forgetting about greed, strategic movements come out more naturally, in fact some think that the value of some crypto is not seen by their FIAT money, because that can cause some kind of distraction in their analysis, and with respect to to the news is something radical, I have friends who are guided a lot by the cointelegraph articles, they only do things for the advice that is shown there, they are not aware of other news, only what is published there, until now they say that they have done well, but personally I am not one of those who is trusted by what they say in the news.

I used to always hesitate to buy when the price was correcting but experience taught me never to hesitate to buy during a correction because market recovery will happen sooner or later. Indeed, nothing is safe, but when we want to get profit then we must also accept the risk. Crypto investing and trading is not the best option for those who don't like risk, so there is an assumption that this is an investment that is generally made by young people with a better acceptance of risk.

Experience is the most reliable teacher :D
I was like you at first and it was very difficult to buy and even sell my coins when there was a correction like now.
but as time went on I realized more and more and learned that this kind of thing is a mistake and started trying to be the opposite of it all and it actually worked.
Now I feel that hodl is the best and one other thing is to buy more assets when we have more unused money

You are right, sometimes forgetting about greed, strategic movements come out more naturally, in fact some think that the value of some crypto is not seen by their FIAT money, because that can cause some kind of distraction in their analysis, and with respect to to the news is something radical, I have friends who are guided a lot by the cointelegraph articles, they only do things for the advice that is shown there, they are not aware of other news, only what is published there, until now they say that they have done well, but personally I am not one of those who is trusted by what they say in the news.

People always panic about changing market trends when FUD happens. If you managed to survive without selling anything during FUD then you have successfully passed the challenge. Because panic will be very difficult to control for those who are very concerned with estimating their assets in a fiat manner.

Bitcoin promises decent returns in the long term, quite a lot of people have earned it and their experience has to be the best lesson for us right now. It's not about getting rich overnight, but we need the process and sacrifices to achieve the goals we dream of.

They still don't know how the market works that's why they are easily get panic when there's a FUD or a slight decline of the price. Well, it's their loss if they sell too early since it has been proven in the past that they will lost more if they continue to act like that.

Bitcoin is indeed for a long term investment and not just for short term but you still earn profits even if you're just scalping if you know what you are doing. But Bitcoin in a long term investment would give more profit as it has a cycle of bull run every 4 years due to the halving.

Safety is all relative. If you're living in a country like Turkey, where the leader keeps trying to interfere with monetary policy in a short-sighted way which causes huge inflation then a currency with relative stability would be very useful (even if it only had smaller inflation versus the huge inflation of your local currency). Some people do not see cryptocurrency as safe because it can wildly swing around in price and unlike what some people wish, it has limits on the amount it can rise because it needs to be a functional currency to hold real purpose in the world, rather than just a dormant asset which relies on everyone believing it will hold a certain price level.

Making investments and running a business are 2 different things and to an extent requires different level of knowledge to run either properly. In the same vain, some investments varies in the mode of operation. For instance, the skill and knowledge needed in the  investment in the crypto world is quite different from investing in shares....

Truly, crypto is vast and the knowledge is unending, no one has actually gotten to knowing it all.

Whatever the investment, the risk will always be there and the choice is up to us whether we want to take the risk or avoid it.
when taking risks we also need to consider it and it doesn't always end in losses,
What is clear is that it depends on how we manage it

logically they would be like that because indeed they still see and refer to fiat as you said but indeed if things like this continue to happen without any change in our attitude of course we will only be at a loss.
with the experience in the past and the many advantages with a discount now they should be able to see all the advantages that are in this bitcoin.

it's true this is about the process and we can't expect wealth to come only with an instant process

right. Risk cannot be separated from various investment fields. and if we want to succeed, then we must be able to control the risk. especially for investing in cryptocurrencies, which is a high risk if we don't know how to anticipate it, especially if it's just following emotions to immediately get big profits, and what happens is just the opposite.

Right. Even if you say the investment has high potentials to create huge returns, but if you are not able to manage it rightly, then you would still end up losing your capital. What is important is that you know how to deal and manage its risks and you know exactly how will that investment works. If you can exert more efforts in it through developing your own strategies and skills, then i can say that with bitcoin or crypto, your money won't be wasted because in the long run, you will gain decent amount of profits as long as you are determined to your goal.

Analysing charts, developing patten & strategies and realizing the best entry and exit period when investing in crypto are all very important, you can always buy and hold coins but when you put all these into consideration it reduces the possibilities of your loss.

There is more to trading or investing in bitcoin than just buy and hold, it requires knowledge and understanding in order to be successful.

A good start is to risk only a small percentage of your portfolio at once. Thus even if you'll lose almost all of it, you'll take a lesson, and this lesson won't be expensive for you. If you don't want to bankrupt early, you should have a reserve for many such lessons. With skill and hard work there are good chances of succeeding eventually, but the trick is to not go bust before that.

Wealth gained in an instant is the same as luck, because in truth the business is built slowly and we enjoy the process. while luck certainly will not be obtained continuously, therefore many traders get rich suddenly and fall in an instant too. The advantages that exist in bitcoin will continue to grow and the changing times will answer the next government steps

You know..... The people losing or not profiting from Crypto currencies are the people who are not patient or those people who were forced to Sell early.. before they could make any profits. I have a long-term strategy with my Crypto investments and I make sure that the money that I invest in Crypto .... is disposable money and not debt.

If you use debt to fund your Crypto investments... you are one of those who will not be able to wait for the best time to Sell... and those are the people who are losing.  ;)

What we need to calculate when we are taking risks is the rewards, if we are taking too much risk then there should be too much reward and if we are taking little risk then there is usually a little reward. Obviously in a dream world we would take no risks and have a huge reward but we all know how unlikely it is.

All those people who invested into small cap gems that nobody knew would go up and ended up going up 10x0 did something very risky, there are thousands like them and only a few ever grow huge, so even though it looks like "this guy paid a thousand dollars and made a million dollars!!" is like they did something profitable, they actually did something very very risky and tens of thousands of people do the same and have zero as their return.

Any type of investment has its risk and anything that is profitable isn't 100% safe. However, having enough knowledge in the risky world of crypto investment has an advantage for you will be able to know what's legit and what's not. Instability is one of the characteristics of cryptocurrency but holding reputable coins and investing with coins with a good foundation is an edge.

You should really prepare yourself when it comes to risk taking because this market is something to be like this on once you do make out engagement then

you should embrace out the possible thing that could happen whether a good one or bad ones.No one is actually safe and could really play safe

because once you do step your foot into this market then you should make yourself prepared.

Seriously no investment is safe including cryptocurrency and to be honest cryptocurrency is not really easy, if you just into cryptocurrency to be honest you are definitely going to lose huge amount of money and you will endup jumping out of it. Before investing in Cryptocurrency make sure you understand it first and have basic knowledge about what it is about, some people will say cryptocurrency is easy is just to buy when the price is low and sell when the price is high but to be serious cryptocurrency is more than that.

You are right, in fact one of the ways I have to stop feeling fear is to use only the money that I have available for my basic expenses, the money that I keep in crypto I leave it alone, not only because the market is in high uncertainty, but because it is easier to have peace of mind without thinking so much about what can happen, in my case it is not for fear that I do not dedicate myself to trading, where I live there are constant electrical failures and in an eventual scalping operation I can lose a considerable amount if a Electric power failure.

The hodl I see as an investment strategy and until I see benefits, I do not withdraw my money, I know that one day the market will rise.

Nowhere is actually safe.
The safe thing is to have many sources of income.
You don't need to quit your work for crypto or quit your business for crypto or vice versa.
The best option should be to have a full time job, then have a business you manage by proxy. Then remain in crypto. By this, things might go well for the person.

Imo, for a successful investment it's not enough to know what is cryptocurrency and how it works. Take Bitcoin(BTC) for instance. Isn't it the best, meaning most promising, cryptocurrency around? And yet there are tons of examples people losing money with investing in it. They buy high, thinking it's only starting going up, then when it's plummeting they panic sell it 3 times cheaper than they bought.  To avoid this situation, you shouldn't invest more than you can afford to lose, and surely you shouldn't invest borrowed money.

basically what is obtained with an instant thing will all be gone instantly too :D And maybe as you said, it is a thing in the name of luck.
On the other hand, the process is vital here because if you look at everything and not just in trade, you all need something called a process, not just relying on luck and something instant.

I also experienced it, like I won a small amount in the lottery, which I only spent on a day and I don't know what happened. Mostly, this is because we are just too happy and we are always thinking of spending it. Most of my friends that won money from gambling said that it is just a short period of time. They are still saying that my winnings in gambling are really fast gone, unlike if we are working and earning wages, it takes days or weeks before we can spend it. 

Leverage income in overall because having lots of various sources would really be giving you peace of mind when it comes to finances since

you do know that you could able to provide out whenever you do need off money and its true that we shouldnt really stick on one or simply

stopping and focusing for a single source because once it do shuts down then we're fucked up thats why the more the better in any angle.

I always avoid anything inform any investment with huge returns is a no for me. It's good thing to risk and its good thing to invest but doimg this with greed is a signal that should be strongly avoid, they will not only damage your capital, you are at the risk of losing it all in the handa of scammers.
I know that it's hard to hold Altcoins and bitcoin but if you manage to hodl and get caught in bull run, the rewards are always too much to believe they are real. Hold if you must, trade and s all at every opportunity, crypto is always here and will be here for this who believe for it is safe haven.

Just HOLD when you can afford to do it, in fact, nobody urges us to do that. People will think that by simply holding we will become profitable, yes it might as long as we are holding the right coins like BTC. Apart from that, sometimes we are holding for nothing like having these shitcoins which some people do while hoping it gains market value someday.

@OP, if you can do both, having a job and investment, you are making yourself too easy and have a better future. Don't ever neglect that as an investment is for the long-term while having a job, I consider it short-term.

because indeed things like this are like fortune that is obtained for free so we don't care even if the results obtained are spent all because we think we will definitely win again.
different from the results of work because it uses energy and thought so when we want to waste we have to think again about it.

True having diverse source of income not leaving any for the other so it would be easier to argument when the need arises. Crypto could be very volatile at some point and might experience a dip to avoid been tempted to sell the dip having other source of income could stare up the hold attributes to save the rainy day while the sun comes shining again

when we see flaws, all businesses have flaws. it all depends how you play your strategy. crypto is Blockchain Technology where digital money is stored, crypto runs independently, meaning there is no legal basis in a country to regulate crypto. and this if we talk about the future, when mistakes happen in crypto this has nothing to do and is not regulated by state laws. maybe for me this is the most basic weakness, but behind it there is a big advantage for crypto users because it is not regulated in state taxes.

Being safe is not actually to be in a condition where you are only gaining profit . It's actually to modify each and every condition according to your desire. Smart ones are those who take advantage of each and every condition and not to wait for the right time to come.

This is primarily a feature of the speculative market. Here speculative interest, without an objective nomination, siphons money from one pockets into another ... But when you go to the stock / crypto market to trade assets - you must know this and be aware of what you are getting involved in! No, I am not discouraging, I myself traded and trade from time to time, but I suggest that you study the subject area very carefully at first

Interesting perspective. I mean, seriously, it can work, but, from what I've learned, most likely it won't. People that try to make money on everything normally don't succeed because it's very hard to find something you can make money with, especially without learning and hard work. I think it's better to  concentrate your efforts on one thing than swinging from one thing to another. As Bruce Lee once said, "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times." Do not try to find 10,000 ways of making money. Find just one and stick with it.

Assets that are less stable in terms of market movements are always going to be more profitable and more risky, it is a standard risk vs reward thing. Crypto is risky due to a lot of factors, like lack of regulation being a big one. But keep some part of your portfolio in crypto is not bad as long as you consider that money as a allocated to just another high risk asset.

Low risk assets are always there. You can be sure to invest in assets of different risk levels to be able to get nice average of all. Keeping a balance is the key here. Without risk you dont get high returns and without that I am sure people will not venture outside their job.

Right time is important to place a specific buy/sell order, in case you are trading Spot. Margin trading is a type of gambling and there you can take advantage of every movement. Hence this is not applicable for all traders.

Correct! Having many sources of income would be the right thing to do, but that isn't an easy job to pull of because having several incomes means that you have more business to take care of. But on the bright side, that'll help you to survive and live more comfortably and can buy you some extra needs and wants. And that the harsh reality!
Being in a crypto business full time isn't a bad idea either because in that way you can focus more and can help you to do more than just hodling certain coins for the next 2-3 entire year and as long as you have another source of income for daily to weekly expenses then you probably have nothing to worry about aside from handling it properly.

When tending to have lots of sources of income then of course it would be talking lots of capital for you to do so plus those efforts you would make out for you to be feasible on this part.

Whenever you do reach out this kind of state then you wouldnt really be having any doubts and problems towards decision making.It might not be putting you on the safe side or assurance
but at least you do know that you wouldnt really be going nor get wrecked easily.

Try to sustain and find all sorts of ways just for you to get revenue.

most people would want to do both but in reality it is very difficult to divide the time between main work and crypto. working in a company or factory is very tiring and takes a lot of time, many of them go home just to rest and don't have time to play crypto. they are all certainly aware of the importance of a second source of income or a side job, but the impossible conditions prevent them from doing that side job.

On the other hand, actually things like this are not about gambling problems or anything else, but indeed there must be based on observations and see the good momentum there because of course we will not be random in choosing which coins, especially for short-term trading.
we of course analyze first and make a research so that at least when we enter into a trade even if it is a short-term trade but we get profits there

Yes, that's right, no place is completely safe, there's always room for error. But we can draw conclusions from all the places which are the lowest risk. When we know there is no place that is completely safe, at least we know which place is the lowest risk level, so we can minimize the problems that will occur.
One message from me, in the world of cryptocurrency, don't trust anyone, I emphasize to anyone, including those closest to us.

It's hard for sure to do that but it's back to each person because if we can manage time and work well it's possible even though it's actually very tiring for sure,
obviously everyone has their own way to manage time on main work and crypto

The technology is safe and all, the only problem like any cause of the problem is the people, if people are stupid and careless, even a bouncy castle can kill someone. A little introspection can help a lot sometimes, maybe it's not the tech but maybe it's the one who uses it.

Most speculative assets have a spot trading, these will need your background research and chart analysis to get into a good position to buy in. But then the people who get their kick from the cheap thrills will not find this interesting at all because they need to wait for prices to rise and then sell. Hence exchanges came up with margin and leverage for a type of gambling on predictions.

It would not matter which asset you talk about, most have some sort of spot and margin types.

People who want to keep it safe, buy BTC for spot trading. Dont do altcoins, dont do margin and leverage trading. If you looking for gambling chances go to a casino but dont forget the risk associated with it. Among all crypto, I find BTC to be the safer one in terms of being decentralized and censorship-resistant.

Even with crypto spot (unleveraged trading) there are significant risks.

Vapourware, coins with crappy tokenomics and rug pulls are all too common at this stage.

Diversification is key to getting the best risk-adjusted returns, and that is probably one of the biggest pieces of wisdom that traditional finance courses teach that is still applicable to the crypto sphere.

when it comes to trading without leverage it really depends on your trading skills.
Leverage is great for professional traders or at least they are knowledgeable and experienced, but can be dangerous and very high risk for traders who don't know how to use leverage wisely.
Besides that for those who are not wise in using leverage, psychologically you will definitely tend to increase the volume of positions (despite the risk management rules) but still I think this is very dangerous, especially for beginners who still don't really understand trading with correct

Nowhere is safe for investing because of the rule it says no pain no gain and no risk no reward of you cannot handle the risk of losing your money and you do not have a proper investment plan then you cannot get gain any profit over your money. Some risks are reasonable and you can somehow handle the risk for example whenever you buy bitcoins you can set your targets and set a stop-loss for your funds buy some others are not reasonable, for example when you don't know the project and what it does then you participate on the ICO with closed eyes hoping for high returns which is more like gambling.

The r in crypto stands for risk. You should be willing to take risks because there's no one who ever became rich without any sort of risks. Ask Elon and SpaceX. Now back to Bitcoin. Apart from the network being hacked and Satoshi dumping their stash then it's a relatively safe investment. In time more liquidity will reduce the volatility. But if the network ever gets compromised by quantum computing  then the value will go to zero for sure and probably be replaced by something else similar in the future.

Nothing do last forever and we know about that thing which it is something inevitable to happen specially if quantum computing is already there on which this could really affect lots of things that we do have now and of course there would be some adaptation which simply means that it would bloom out new projects which is immune into this.

Speaking of technicality then most of us arent really aware of that stuff thats why learning up with even the basics could give you at least some good idea
on whats happening around.

Deal according into your capacity and secure off profits while you still can.

Technically what you say is correct because the problem is not with the system or technology but the people who use it in a dirty way and can be said to be criminals.
but actually things like this I think are very easy to prevent when we really understand both in managing and analyzing something.
but the problem is sometimes people are still in the nature of selfishness and still put greed first so things like this will definitely keep happening

I'd actually argue that crypto/bitcoin is actually quite safe for the long run.

Given the tokenomics of bitcoin, it is disinflationary and have a capped supply. So long as there is no massive failure to the network it's hard to see how its value will underperform fiat over the long run.

But diversification is certainly key especially if you are looking at risky assets like crypto. Diversify both within asset classes and across asset classes. Even if you are the most ardent crypto holder, you should diversify in fiat assets like stocks to cover your back.

In fact, the bitcoin price cycle from the beginning has a lot of similarities, and this is usually influenced by newcomers who may just follow investment trends among enthusiasts so that they get investment losses without gaining valuable momentum because ignorance of this mistake there is a prospect to abandon it and throw it away while the others hold on and settle down while learning the realities and systems of blockchain and crypto

That would be a bad idea if a newbie will invest just because of a trend without doing a research themselves if it's worth to invest or not and if it's a good idea to abandon or still use crypto. Scammers would also be a problem for some as they might get discouraged in crypto because of these scammers if ever some newbies fall in many scam ways that a scammer can think of unless newbies will increase their security and be knowledgeable so that detecting a scam scheme will be easy.

Cryptocurrency is not as easy as most people think.  Even if one buy a coin to hodl,  if the person don't have patient mind to wait to make profit the person may decides to sell it , also if the person don't have a job as a source of income the person won't be able to wait and may decide to sell it to solve problems.

Any investment wouldnt really be easy because buying and selling thing wouldnt really be simple as it sounds as if these things would really be taking lots of considerations before you could do such step or decision
on a specific situation or condition.

Dont think about being safe because any investment does have its own risks of losing money instead of gaining.This is why trying your best on using up risks management
and good emotion handling.

Bad decisions do comes out on these kind of times and if you dont have that kind of control then you would really be seeing this as a big problem.

this is an absolute requirement for some people's desire for business, wanting a safe and doubled profit. If people are aware of crypto from the beginning and are published throughout the print media and commercial electronic media and appear in advertisements, the story may be different until this moment. Even the layman asking for her hand considering the initial phase of crypto launching was very easy and almost worthless.

it can't be separated from the main risk, in this discussion, of course we have to accept it

1. the price fluctuates
2. vulnerability
3. data security
4 Moreover, there are also rogue and fraudulent exchanges or places to invest.
5. the target of irresponsible persons with manipulation and there is no agency / agency to report

Of course the benefits of crypto are also not solely from the weaknesses above.
 
now should be the right year to ask for her hand before returning to ath, which has happened, especially bitcoin,

back to money management, how much we target can profit or even hit a loss. That's a risk

It's true that basically cryptocurrency can be said to be very complex because we need to do a lot of preparation in various ways for sure,
knowledge, skills and mentality play an important role and we cannot ignore it,
especially with the current conditions I think we need a lot of patience and it's not something easy

How can they buy a crypto if they do not have a job? But, unexpected things can happen like they can loose their job and the only thing that will be left for them is their crypto investments. Selling a portion of your cryptos is not bad to be able to support your life for a while but you may need to start moving, find a job replacement as soon as possible. You may not want to use all your crypto investments did not you?

The time will come that we can relax but it would be better if we can relax while we have lots of cash in our pockets , we can buy the things whatever we want, we can travel anywhere and so on. This will be easier with the help of cryptos.

Everyone has recently seen Bitcoin's growth last year and as well as seen many investors gain a lot from it. Hence yes we have too many investors leaving their business and investing in Bitcoin with all their money they have. But yes many here know it's too risky to invest in Bitcoin but they blindly believe that holding Bitcoin will certainly will bring in more profits. But yes nothing can be assured of.

The risk depends upon the research that we made as investors. Since we are dealing with investments that could either make or break our profit in the end, it is very noteworthy to mention that it is essential that we do our proper research to minimize the risks that we are dealing with. Given that investing into BTC is actually a very risky thing to do, its price history it what compels me to drive and invest further.

As someone who invested and started my journey in BTC way back in 2017, it is fairly safe to assume that investing into BTC could definitely be profitable if you withdraw in the right amount and time.

Doesnt need to go with technical aspects because there are things which that sticking with the most basic information would suffice or would be sufficient when it comes
on dealing with it.No one is safe in terms of investment and other things correlated to it because when you do put up money or anything does have value then
expect that there would be corresponding risk attached to it which you should mind off on avoiding as much as you could.

Some people who think its easy to earn when you invest in Bitcoin are those who witnessed the drastic increased on the price of Bitcoin last year. They tend to go with the flow not knowing the price can also fall like whats happening currently whereas the market is having a hard time to recover consistently.

The reason why its important to gain knowledge first before investing because not all the time the market will go as planned. Red days are inevitable so if you dont have long patience you might panic and sell at loss. Its similar in traditional business, people should have patience because the fruit of our hardwork cant be seen overnight.

My personal feeling this viewpoint is what making crypto more volatile and hence more riskier to invest. It is pretty much fomo like iPhone "hey everyone has iPhone so i gotta have iphone too" so whether they understand it or not they just enter and 5 minutes later they start having loss they withdraw screaming "cryptocurrency is scam"

You can't compare cryptocurrency with other form of businesses, yes because in whatsoever profession one finds itself it requires experience and expertise before it can be worth standing out among others, in building a credible business, one need to make some sacrifice devoting their time, intellect, funds and active involvement, nowhere is actually safe but everywhere could be safe if we work it out to be.

Well this is only my own opinion --if you buy crypto out of the excitement of getting a huge amount of fiat, thinking of it as easy money without knowing it better first by researching, they will not get profit but instead, they will get panic when seeing the price goes down, and this is where we conclude nowhere is safe in investing with crypto. Not everyone who invested in crypto will have profit, especially if you invest without experience or the right knowledge, it will surely be a loss. However, if you invest with the right knowledge, time, and patience while you are holding it for a long time, and keeping it safe, it will turn out as a safe way to make money on crypto.

Nah I dont think these people affects the volatility of Bitcoin and other alts. Their share and contributions in crypto space ain't huge enough to make a significant effect on the market. Volatility is caused by volume traders and whales trying to buy and sell massively.
Those weakhands and greedy ignorant doesn't really cause a huge portion of crypto's volatile nature.

You are right that there is no guarantee in crpyto currencies, but the same goes for businesses. Having your own business doesn't mean you are rich, it can be a big problem if it's failing and you are going into debt trying to save it. I think that almost all business owners can tell you they need to work harder than the average employee, need to invest more time, energy and nerves to keep it running. With crypto currencies we don't have such big problems. For me crypto coins, as almost any other thing in life, requires work to be successful. With out real effort is not going to work. Like you said, just buying a few coins and thinking we will become rich overnight is wrong and not realistic. In trading and investing we need to manage our expectations and not focus on greed.

One of the problem with some beginners is assuming that they can make cool money as they begin to trade cryptocurrency, and some of them abandon their job and business with the mindset that cryptocurrency is the new job they found to make money.  They make wrong decision by trading with all the money on them without having knowledge about cryptocurrency and knowing that it is not proper to think that cryptocurrency can be a source of income one needs to depend on.

Even us when we are just starting on where we do really have that kind of mindset on which you do really believe that making money or getting profits is easy but its not how simply as it sounds.

We us humans do really much prefer on looking the best and the most easiest way as possible but once reality do really make you realize that not how thing works.
You would really need to put up some effort before you could able to attain things because assumptions that everything is easy would just turn out to be
a frustrating thing.

I don't believe there are people out there leaving their businesses for crypto currency just because of the hype on social media and around the globe. Remember that so many negative news are out their against Bitcoin and crypto currency in general, in the lite of that one can't really say that many people are leaving their businesses for crypto currency. There are many people who have lost a lot of money in the name of crypto currency investment too.

You can only be sure that bitcoin is not ponzi, but not the entire cryptos. Even with that there are people and establishments that also use bitcoin for ponzi schemes. It all depends. People use concepts differently and I do not see why it is a problem if they do same with cryptos. If we must say what is right, no financial investments gives the type of profit cryptocurrency gives. It has made many millionaire and set more free financially but people have to be careful going into it. Invest wisely to avoid regrets.

This is not an order to act, this is my point of view, which I like and which I consider to be quite correct.
So about the main thing: if you have already decided to do business, or rather create channels for generating additional income, then develop several, independent areas. This is called DIVERSIFICATION. On the one hand, this will reduce the risks of bankruptcy, on the other hand, the "first business" can become a sponsor of the "second business" or a source of subsidies for a new business.

Anyway, since the laws of operation exist in life, we can't expect things to go our way when bigger problems arise. Good awareness is more beneficial and conversely, we live in a crypto environment where we can greatly benefit from that knowledge, but there are many other things out there that cover all of this. It may be a bit rambling, but I think if people live well on their spiritual pursuits, the matter of material things will gradually no longer have much meaning, I hope that day will come soon to mankind :)

no doubt mere hodling is the easiest form of making money in the crypto world, but remember, it's different strokes for different persons, you may see hodling as the best thing to do, whereas the person next to you doesn't reason that way and they can't not be blamed because everyone is supposed to work with what favours them, right??

I don't think so because I think hodling needs to have a lot of patience and not everyone has that,
especially in conditions like now sometimes they panic and then sell their assets,
hodling can indeed be profitable if the coins you have are potential coins

Speaking of holding then this would really be only worth if you are dealing with potential coins, but how you would able to know if they are really that having that potential? No one really knows right?
Its true that not everyone would really be having the patience on holding for long term and thats why decisions made would really be mostly ending up like this.Speaking of assurance and guarantees
then you shouldnt really be having this kind of mindset because there would be no always an assurance on how things might end up.