Never invest in any cryptocurrencies!

[mydona]

Yes, I agreed that majority of the community here in the forum are too lack of knowledge where in the end most of them always ended up into
loss of their assets. And sometimes because there are people here who are greedy, due to they want to earn fast without giving any effort of their investment. Even they know that there is no shortcut for us here to earn big in a short period of time.

yes some lack knowledge and some are greedy but that is how it is going in every other invenstment opportunity, there is always a greedy or with low experience and just heared about a trend and wants to ride the waves.

sooner or later if he gets even rich by luck if he doesn't stop this approch he will end up with the same low assets and maybe even without the low assests he started with.

I disagree with both of you, people normally know that risk = more profit, in crypto it is a bit high and in same time so beneficial, that is why people like investing in crypto, and if i am not investing to get rich why i would invest? getting rich is 1 good motivational reason for investing, but i like investing for helping creators, i get in return a better content. it is like win-win situation.

[bobyhodob]

I think it's still safe to invest in cryptocurrency in the form of bitcoin or ethereum because so far I see only these two coins are suitable for long-term and safer investments because the price will always go up. while for other altcoins I'm not too interested.

[joinfree]

It's a wrong idea that some folks treat cryptocurrencies as a get rich quick scheme and i don't blame either as people still have the idea that the days of 2017 and early 2018 will fall upon as one of these days. It will be best if you be frank with anybody you introduce cryptocurrencies to so that when market volatility goes really high they know that's how this game runs.

[infocoino]

I think it's still safe to invest in cryptocurrency in the form of bitcoin or ethereum because so far I see only these two coins are suitable for long-term and safer investments because the price will always go up. while for other altcoins I'm not too interested.

yes, both are performing as Gold, sometimes goes down even for couple of months but if you don't sell you will always have profit.
but some other coins are stable as well, at least not going to hide under top 50 over time like XRP, USDT, BCH, LTC and EOS

[qiwoman2]

Cryptos can be a nice long term and also passive way of earning an income but we need to be realistic and look at CRYPTO as a way to grow and diversify our savings, as having now FIAT in the Bank only devalues and gets less and less useful as it goes down. I also think that there are some great projects that we can interact with and have great utility like TRAVALA for example which has ways for us to book our travel through CRYPTO and this is a huge use case for us all in the CRYPTOSPHERE. Demand for the token keeps growing as we lock up and earn rewards and discounts. Amazing stuff coming by tokenization of assets and business.

[nutriagrigia]

I think it's still safe to invest in cryptocurrency in the form of bitcoin or ethereum because so far I see only these two coins are suitable for long-term and safer investments because the price will always go up. while for other altcoins I'm not too interested.

I agree that Bitcoin is suitable for long-term investments, but I don't understand why you are so confident in Ethereum. the project team failed to solve any scalability problems

[Mrchristo]

Most people see cryptocurrency as a get rich quick scheme and that has lead them to fraudulent schemes and rippers. My journey into the space began with investment into HYIPS and ICO's, which promised a very high return but ended up carting away with my money. It feels really bad, but I've learnt my lessons and have been working on keeping my head down and being more careful in my investment choice.

[andycarrol]

It's a wrong idea that some folks treat cryptocurrencies as a get rich quick scheme and i don't blame either as people still have the idea that the days of 2017 and early 2018 will fall upon as one of these days. It will be best if you be frank with anybody you introduce cryptocurrencies to so that when market volatility goes really high they know that's how this game runs.

usually only new people who are not familiar with cryptocurrency well will be easily affected by the benefits provided very quickly, whereas in cryptocurrency price movements do not always increase in price, only at certain moments and only when there is good news prices can go up, you can see from the end of 2017 until 2019 the price is stable there is no significant price increase, it is a case where cryptocurrency cannot guarantee profit.

[mydona]

Cryptos can be a nice long term and also passive way of earning an income but we need to be realistic and look at CRYPTO as a way to grow and diversify our savings, as having now FIAT in the Bank only devalues and gets less and less useful as it goes down. I also think that there are some great projects that we can interact with and have great utility like TRAVALA for example which has ways for us to book our travel through CRYPTO and this is a huge use case for us all in the CRYPTOSPHERE. Demand for the token keeps growing as we lock up and earn rewards and discounts. Amazing stuff coming by tokenization of assets and business.

yes, it is more important to encourage such projects, tokenization and blockchain itself has a huge list of applications to be made to make very good use of this technology, Crowdfunding, Donations, supporting, traveling and e-commerce, moving money through countries too it is making a huge difference in transfer fees compared to fiat money.

BTC have no interesting applications, but it is just as gold between other metals and whenever it goes down you are 100% sure that it will rise again sooner or later.
altcoins are more based on the solution they provide and how helpful, new and complete it is, because a lot of companies kept making ICOs for projects that have no MVP yet just describing the project and getting funds

[cristiano77]

I think most people approach crypto in the wrong way. With "get rich quick" approach.

If you come to crypto with such an attitude, you should never ever invest.

On the other hand, if you actually had to earn it while doing whatever you are usually doing anyway, that involves money?

Examples:
You get crypto as a token of gratitude after making donation to some project. (crowdfunding)
or
You are paid crypto as a bonus to your salary.
or
... (any other examples come to your mind?)

Wouldn't the whole cryptoworld be way more healthy? What do you think about it?

content creators would really love such way of funding, gamers, YouTubers they always like to add their names like on t shirts and using that for creating tokens to receive donations will be something good

but on the other hand I think that crypto have high risk and high risk means high profit and it is what makes you get rich so yes, it is still to "get rich quick" but can be used for good too.

[IvugeoEvolutionCoin]

Most people see cryptocurrency as a get rich quick scheme and that has lead them to fraudulent schemes and rippers. My journey into the space began with investment into HYIPS and ICO's, which promised a very high return but ended up carting away with my money. It feels really bad, but I've learnt my lessons and have been working on keeping my head down and being more careful in my investment choice.

Anyone with the mentality of getting rich quick via crypto is totally wrong, glad you knew the truth later on from experience. Nowadays when I invest long term in any coin, I pray for the best while expecting the worst because anything can happen when not expected. Some people  invest in crypto with borrowed funds, that's the worst scenario.

[Script3d]

Most people see cryptocurrency as a get rich quick scheme and that has lead them to fraudulent schemes and rippers. My journey into the space began with investment into HYIPS and ICO's, which promised a very high return but ended up carting away with my money. It feels really bad, but I've learnt my lessons and have been working on keeping my head down and being more careful in my investment choice.

I also did the same when i got into crypto, i used to invest in doublers before and cloud mining sites, although i got scammed luckily the amount was not alot.

[cassavachips]

Crypto is now an ecosystem and digital money for investment and transactions. Everyone comes with an investment goal and makes a profit and that is indeed the reality. Only a few are truly investing in future projects and that is a truly wealthy person. There is nothing wrong if people come to get rich, but the thing to remember is that a crypto is a place full of risk without collateral

[chikator]

I think most people approach crypto in the wrong way. With "get rich quick" approach.

If you come to crypto with such an attitude, you should never ever invest.

On the other hand, if you actually had to earn it while doing whatever you are usually doing anyway, that involves money?

Examples:
You get crypto as a token of gratitude after making donation to some project. (crowdfunding)
or
You are paid crypto as a bonus to your salary.
or
... (any other examples come to your mind?)

Wouldn't the whole cryptoworld be way more healthy? What do you think about it?

I actually agree with the part that you shouldnt get into crypto if youre impatient and are looking for an easy cash because it wouldnt really be like that.

But saying that you should completely blow the idea of investing and just get into it if you were getting it as a bonus, i wouldnt agree with it much. Tho its nice to recieve it as a token, its also great to invest on it as long as its your extra money, you wouldnt mind the long wait and if youve taken the ample amount of research about the currency before investing.

[cristiano77]

Crypto is now an ecosystem and digital money for investment and transactions. Everyone comes with an investment goal and makes a profit and that is indeed the reality. Only a few are truly investing in future projects and that is a truly wealthy person. There is nothing wrong if people come to get rich, but the thing to remember is that crypto is a place full of risk without collateral

exactly no shame in using it for getting rich quick, it is open market and opportunities, you can use it for good, I won't think like if I sell price will go down and I will harm someone selling after me who will sell cheaper and cheaper, no I should just sell to have enough funds to keep trying getting rich, we all wanna get rich and mostly we want to help, having the connection between helping people and getting rich even if not quick like investing in persons directly supporting them is also good to me, the important rule is, I want to get rich with minimal harming to others, and with no direct action meant to harm someone's business or investments with no intention for that.

[inoes]

Crypto is now an ecosystem and digital money for investment and transactions. Everyone comes with an investment goal and makes a profit and that is indeed the reality. Only a few are truly investing in future projects and that is a truly wealthy person. There is nothing wrong if people come to get rich, but the thing to remember is that a crypto is a place full of risk without collateral

  Not many are serious about developing a blockchain system, only the development team and people who know about the potential of a blockchain who want to do it. because now it has begun to feel a change
the cryptocurrency concept of being a currency becomes an asset.

[Chukwunonso]

It's unhealthy to approach cryptocurrency as a get rich scheme, it could make one loose out of the market. We've heard of projects doing over 1000% in a day and even much more. But that in most cases are pump and dump scheme. Involving in such could make one lose a significant amount of money because those schemes are very risky.

[pandanaran]

yes, if someone comes only thinking of quick profits, I think it's wrong, because not all investments can be profitable. as far as I know investing takes a long time, patience, is not wrong in choosing coins, and is able to manage your money properly. and keep in mind that investment is also risky, I hope if you are a new investor, not to place your money wrong in crypto.

[infocoino]

yes, if someone comes only thinking of quick profits, I think it's wrong, because not all investments can be profitable. as far as I know investing takes a long time, patience, is not wrong in choosing coins, and is able to manage your money properly. and keep in mind that investment is also risky, I hope if you are a new investor, not to place your money wrong in crypto.

"Investment
description: invest is to allocate money in the expectation of some benefit in the future. In finance, the benefit of an investment is called a return. Wikipedia"

yes, investment is to get profits, as long as you can make a profit somehow, that means this way can be accelerated to make a higher profit in same period or reach a certain amount of profit (can be called Rich from your perspective) fast.

[fuer44]

it's fair enough, getting some crypto rewards from crowdfunding results or as a bounty participant who then gets a reward. but sometimes there is a project that fails and causes us to lose the time we used to work at the time, or when we invest and then not get maximum results. I think that's a normal thing, because investments other than crypto also must have experienced the same thing.