Skam or a way to make money?

[sandgluenick]

This is a difficult statement because basically we ourselves determine or judge well or not invest in Cryptocurrency when the conditions are still bad. I want to look after people and believe this is not over but in reality people continue to lose. I am personally confused but I see there are still many ways and everything will change better.

[mv1986]

Crypto is not a scam or a bubble. Crypto currencies can make you rich, but you should be very patient, because this industry needs several years to get mass adopted and as soon as this happens, you will see a much better picture on the market.

Some things that happen in crypto are scam and that is the same within every other industry.

[Caladonian]

This is a difficult statement because basically we ourselves determine or judge well or not invest in Cryptocurrency when the conditions are still bad. I want to look after people and believe this is not over but in reality people continue to lose. I am personally confused but I see there are still many ways and everything will change better.

If you still optimistic and positive that things will be reverse then you will be able to find ways to continue surviving with this type of a market, never to lose hope and be wiser enough before doing any actions, observed well and make sure that you are following the right directions so in anyhow, even long or shrt trade you will be able to gained experience and knowledge to succeed.

[mv1986]

This is a difficult statement because basically we ourselves determine or judge well or not invest in Cryptocurrency when the conditions are still bad. I want to look after people and believe this is not over but in reality people continue to lose. I am personally confused but I see there are still many ways and everything will change better.

If you still optimistic and positive that things will be reverse then you will be able to find ways to continue surviving with this type of a market, never to lose hope and be wiser enough before doing any actions, observed well and make sure that you are following the right directions so in anyhow, even long or shrt trade you will be able to gained experience and knowledge to succeed.

And you need to find a good balance for your portfolio, which should also include cash. If the market goes down you can react and dollar cost average. I once heard having a bad strategy is better than having no strategy.

[Belianez]

Crypto is not a scam or a bubble. Crypto currencies can make you rich, but you should be very patient, because this industry needs several years to get mass adopted and as soon as this happens, you will see a much better picture on the market.

Some things that happen in crypto are scam and that is the same within every other industry.

But I also think it's a bubble , but he always inflates and crashes again , so I think to buy the coins you like and you see the perspective you need to keep!

[South Park]

It is sad that most people are looking for a way to get rich quickly, I just hope they will not interfere with the development of technology.

This is nothing new, every time a disruptive technology appears we see the same thing happening again and again, just look at the internet, at first only a few saw the potential the internet had to change the world and they made huge profits, when the public found out about this they wanted a piece of that money for themselves which enriched those which invested early even more and then the bubble crashed and many lost their money, but the internet kept growing despite all of this and as you can see the same is happening to bitcoin now.

[adzino]

I guess by "skam" you meant scam. No, bitcoins or most other crypto currencies (well some shit coins are) are not scam. They are legit
decentralized currency. And again, no, they are not a way to make money. You can invest on it to make some profit, but never consider crypto currencies as a form of making money. Instead, you should invest on it with the intention to use as you would like with regular crypto currencies.

[sandra_x]

Often, people who see cryptocurrency as a means to get rich quickly are often misinformed about two things: first they consider Cryptos more as an asset,not as a solution to some societal challenges ( e.g banking facilities to the unbanned,international remittances, secure and decentralized data storage and sharing,),Secondly, they fail to understand that there are significant risks in every investments,which are significantly higher for new asset class

[Nekoma2018]

Many when they hear about cryptocurrency believe that this is a quick way to enrich. Others say that cryptocurrency is over and we must go. Most often, I hear a conversation about cryptocurrency from those people who did not even use it.
Now I know that cryptocurrency is growing much better than falling.

What are your thoughts on this?

Crypto is not a way too make quick money.. it's more about blockchain transparency.. and solving economic problems and innovation.. though the scam part is also involved as most scammers seemz to also be interested in crypto as well..

[lienfaye]

People are bias depending in the situation of the market.

When the time the value of coins particularly bitcoin reach its ATH they tend to go with the flow thinking they can rich quick when they invest because of the continuous price increase.

Now that we are in bearish trend, you can hear their negative thoughts pertaining to cryptocurrencies as already scam or not gonna make it to recover. Well its a human nature to become worried or greedy but we must know the facts in crypto, its not an opportunity to have an easy money there's more to offer not just to earn.

[qtronix]

Unfortunately, many people like to discuss what they do not understand. And if they are convinced of something, they will follow it very stubbornly. Instead of understanding and accepting an objective point of view, they continue to talk nonsense.

[Slark]

Just many do not understand the real purpose of crypto. I believe that this is a big problem, because it hinders the adoption of crypto. People should stop being afraid of her.

[XCANA]

Cryptocurrency is not a scam which many investors who were deceived long ago capitalized on and draw their selfish conclusion. Investment on a scam project in the name cryptocurrency is not enough reasons to conclude. Cryptocurrency brought freedom, transparency and anonymous while under cryptocurrency, so, is a way to make money on a long term investment.

[defoman]

I agree with you, we hear a lot of negativity about cryptocurrency and this negativity usually comes from people who don't even use cryptocurrency. For people who have studied the market and invest in crypto currency, it is obvious that this brings good profits and it is not worth listening to someone else's opinion, you need to think with your own head.

[Zythiphill]

Many when they hear about cryptocurrency believe that this is a quick way to enrich. Others say that cryptocurrency is over and we must go. Most often, I hear a conversation about cryptocurrency from those people who did not even use it.
Now I know that cryptocurrency is growing much better than falling.

What are your thoughts on this?

Any kind of earnings are associated with risks, but the cryptocurrency has more risks, since the volatility of the market is very large , and the risks are still higher but the earnings can also be large

[mv1986]

Crypto is not a scam or a bubble. Crypto currencies can make you rich, but you should be very patient, because this industry needs several years to get mass adopted and as soon as this happens, you will see a much better picture on the market.

Some things that happen in crypto are scam and that is the same within every other industry.

But I also think it's a bubble , but he always inflates and crashes again , so I think to buy the coins you like and you see the perspective you need to keep!

Oh for sure, and there will be more bubbles coming the future. That's why it is even more important to pick coins that you think are in line with sharp gains in order to prevent a surprising crash afterwards.

[ioanbtc]

For sure crypto is a way to make money, if start doing trades or just buy and hold, the only problem is if it buy at high and the price goes down and down then is hard for people and maybe they lose hope that will recover, but if they buy bitcoin at high i suggest to hold.

[salad daging]

indeed many people think that crypto will die but actually it is absolutely not true because crypto always grows both during bullrun and when it is bearish, I am not talking about prices at all but growth, it is proven to be increasingly popular and more and more concepts related to crypto

[mrdeposit]

Crypto investors also have the same intention as you and try to buy low cap coins with settled goals. Never buy high prices and never sell low prices if you don't want to be REKT. Making money is not easy nowadays and it takes time to learn the main principles in crypto trading.

[joybella]

This conception of cryptocurrency sphere has to be removed from everyone entering or already in the space. In actual reality making money here is not easy one must be knowledgeable about the market movement as well as psychology.