Never invest in any cryptocurrencies!

[uneng]

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.

Unfortunately, it is the fact, buddy. Most of the people who invest in crypto have the same goal, it is how to earn profits immediately. But they don't really know how to invest in a proper way. Even, some of them don't care about the trends of crypto coins in the market. They don't understand that crypto coins are not always rising up its price but there is also time for them to drop its price. Well, people who have that attitude usually don't survive a long time in the crypto market. They may be last in crypto investment around 6 months, then they will quit because they think it is hard to be rich by investing in crypto.

That is why I agree with op on this thread:

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 think people need to change their mindset to stop seeing crypto universe as investment only or a fast scheme to get rich. People need to see crypto universe as a working opportunity like any other in physical world where you need to work, to execute a task to be paid in a reasonable amount of money, not unrealistic ones like those presented in youtube videos.
If this mindset changed, there would be much less frustration and less adopters quiting crypto currency feeling deceived.

[harizen]

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.

I might disagree. In some cases, people with a mindset like that becomes a better person afterward. Since that mindset of a quick-rich scheme will lead them into losses, they will now think about "how it happened?" "what's wrong in the process?". There are lots of people who enter crypto world with a mindset like that but eventually learned in the process.

Because of those mistakes, self-research will now take place. As long as they are serious to know more about crypto, they will now learn what should be the best thing to do.

There is no perfect investor. Sometimes, they need to experience mistakes before learning.

[abeecrypto]

You are on point. And this is one of the reasons many people argue about whether cryptocurrencies are a store of value or a get-rich-quick scheme. If more people take it as a means of payment, just like traditional currencies, it will be more healthy. It is supposed to be more of a store of value. It’s best we make it so. This is also one of the reasons cryptocurrencies are too unstable.

[key4co.in]

Some people actually invest wrongly in crypto, for instance early this year a friend needed my opinion before making investment in ETH and BNB. He was about using 50% of entire funds in his bank to invest, his reason being that he gets no interest keeping the funds in his bank. I had to explain certain things to him, analyzing the risk factor involved before he changed his mind. I'm not saying it's wrong to invest your FIAT in crypto, but risk management is important. Some people go as far as borrowing money to invest in crypto, that's insane. If you ever borrow money to trade, your emotions will surely screw up your trading.

[IvugeoEvolutionCoin]

Most people will say only invest spare funds in crypto, but in practice that saying doesn't work all the time. No calculated risk, no reward. If for instance I decide to invest 10% of my savings in crypto, say BTC and ETH maybe when the market dumps significantly, I don't think I'm doing it wrongly. If your mindset is never poised to taking calculated risk, how will you make life changing investments? I'm not totally against OP's opinion but sometimes we need to go an extra mile to excel, but wisely.

[forexandcryptoauditor]

This is an excellent way and a use case of crypto earnings. To encourage crypto lovers, such schemes should be announced by crypto NGOs. To the second point, cryptocurrencies especially BTC we speak about, are to invest in the long term. Only in this way we can be confident about our investment and approach towards it. A healthy portfolio becomes when we become an investor and not a trader.

[Lanatsa]

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?

Healthy if thats the case but we cant get on what we do expect or wanted to because scams and frauds will surely exist no matter what as long it do involves money then criminal minds and fraudsters would really be here no matter what.

When it comes to investment then crowdfunding or in short ICO are already dead or become a shit before that 2017 bull run.There were still few which is worth but most of them are just trash.

As a crypto believer or investor then you should do your own assignment on searching things up. Dont get fooled by high returns or too good to be true promises and you would be on the safe side.

[alberts19]

I think that we should see crypto as one more way to have profits in a passive way and not with the thought that by investing today we will be millionaires tomorrow, that is what crypto is about and the important thing about it is that its scope is unlimited that could even improve the world economy if it was used as it should 

[danggoron]

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.
--

Unfortunately there are so many who are interested in the crypto world because they want to get wealth instantly. Just because you see the success of others who are lucky and can take advantage of good opportunities and big profits, does not mean it can happen to you. Often people only see success, without wanting to learn what are the failures and processes that must be passed. This is one big mistake in investing.

[torrantz]

that will never happen. Some people may always consider crypto as a quick scheme to get rich. Anyone has its own personal opinion. I think you forget if this is a speculation market. What you have invested in a speculated coin that anytime it can be pumped too. People use the utility used to make sure if that was having a good product and I rarely seen people invest in crypto used the reasons that you have mentioned above.

[stadus]

Eventually they will learn, crypto is not a kind of investment where we can get rich quickly, it's not a HYIP or Ponzi scheme which some people are thinking. There are people I know that said they invested in bitcoin and they earn at least 20% per month, that's shitty knowing I'm in crypto and I can't convince them that they are into a possible scam investment, so I just let them do their team and hopefully they'll learn.

[Yamifoud]

Will it find wrong in investing crypto if you are not knowing what you do. Yes, Many had tried but only a few of them succeed it is because not all of them are meant to be in crypto investment. People who thinks instant, quick rich, well, it actually dragging them to hell and losing their funds as the easily get caught and fooled by scammers.

I'm not saying we have to stop investing crypto but for us to warned ourselves and others to see the risk inside. Not all investment is good and not all of them work perfectly that is why we are seeing some or many of them had failed.

[TheClownSong]

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?

In my opinion, most investors in the cryptocurrency market are speculators and not pure investors. When we see a chance to get a profit of 2 or 3 times, I think it's natural that we want to take advantage and sell tokens or coins that we have to switch to another altcoin. There are also investors who are thinking of investing in the long term because they already understand the project being worked on or the coins already have a large community and daily transaction value.

[Ridwan Fauzi]

First of all I'll say, when you have intention to gain money in any place you should know how to gaining it. It will be useless if you don't know anything but you are expecting that you gain a lot of money, it is false idea.

At least you have to know this industry breifly, don't let your money lose because you just see other people gaining a lot of money and you just followed it. You won't ever get it although you've tried to spent all of your money in it.

I think crypto currency has been known by most people and you can similarity it with commodities in conventional investment. There are a lot of sites already who give you many understing about crypto so as you can try to understood it before you spend your money, through this way you will be safe.

[irixo10]

I think this goes sideways, that is, on one hand you can blame investors on the other you blame the team. It's quite true that most people have the get rich quick mindset but I think that mindset is slowing down because the crypto space is not like it's used to be. However, I will say people tends to be impatient because they do not trust the projects coming up nowadays wherein the project team always put their own interests first, thus no one can blame the investor for having a get rich quick mindset nor being impatient, in whichever case just waiting for the token to be listed so that they can sell off with any profit. So that is to say, if project team can be serious and stick to their idea, investors will remove unnecessary mindsets which goes against the growth of the project therefore supporting it instead.

[Kasabus]

not everyone will think the same as you, don't invest in crypto for me when understand and have high knowledge about crypto will not hesitate to invest in crypto despite the very high risk because from the year before that many rich people suddenly invested in crypto

In my humble estimation, people must learn everything about the crypto-world, then they can invest in cryptocurrencies. On the other hand lack of knowledge can be the reason for losing money. But if you make it aware, l think there is not any problem and more than that investing in cryptocurrency is the best way for making money in a digitalized world, if you can it.

Investing in cryptocurrency has definitely no guarantees that we will always gain profits but the reality is we often commit mistakes that will lead us into losing of money. But new investors that come in the market have opposite mindset and that they believe that crypto is a get rich quick scheme which is really not true. You can make big money in crypto but you have to work hard for it and even take big risks for it to be possible.

[Genemind]

Admit it or not, almost all people who have learned or heard about crypto is an easy scheme to get rich. Where you will just put your money and it will multiply in a small span of time. Experience will either teach newcomers lesson or truth about crypto investing. There is no investment that can guarantee any return, as long as there's money involved, risk is always present.

[daniahya]

Admit it or not, almost all people who have learned or heard about crypto is an easy scheme to get rich. Where you will just put your money and it will multiply in a small span of time. Experience will either teach newcomers lesson or truth about crypto investing. There is no investment that can guarantee any return, as long as there's money involved, risk is always present.

Such thinking is usually experienced by new investors who want to invest in cryto, but the reality is not that easy, cryto investment needs research as well and of course requires a long time because the development of a project is not fast,

[asriloni]

You are on point. And this is one of the reasons many people argue about whether cryptocurrencies are a store of value or a get-rich-quick scheme. If more people take it as a means of payment, just like traditional currencies, it will be more healthy. It is supposed to be more of a store of value. It’s best we make it so. This is also one of the reasons cryptocurrencies are too unstable.

When you were talking about native coin and it can be a store of value but it's not all coins can be used as a store of value and the coin that can be considered as a commodity that can be used to store our value and that's only bitcoin. AFAIK the rest were including into the speculation coin.

[michellee]

Admit it or not, almost all people who have learned or heard about crypto is an easy scheme to get rich. Where you will just put your money and it will multiply in a small span of time. Experience will either teach newcomers lesson or truth about crypto investing. There is no investment that can guarantee any return, as long as there's money involved, risk is always present.

Such thinking is usually experienced by new investors who want to invest in cryto, but the reality is not that easy, cryto investment needs research as well and of course requires a long time because the development of a project is not fast,

New people will have difficulty learning the lesson, but after they have some experience, they will think that they need to learn more lessons to improve or get more knowledge that will be useful for them in the future. That is why if we are a new person in crypto, we need to research before we invest in any project, and sometimes, we can not find the right projects because all of the projects are almost the same.