Never invest in any cryptocurrencies!

[jademaxsuy]

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

Probably OP had never made good in investing cryptocurrency because of having losses. Losses is part of investment whatever investment you may had. I agree with you that cryptocurrency is one a high risk form of investment and this could mean also that there is a high chance on getting high gains or the opposite which will be getting more losses. It is up to you when will you going to buy crypto, risk your money and decide when to sell crypto. Trading is very common to others who enthusiast with but most likely the best thing to gain here is risking money to buy crypto while having market crash and then sell it whenever you want after the market made a recovery but never buy again unless it will be having a market crash for crypto again. 

[DevilSlayer]

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.

The good thing is cryptocurrencies are one of the best investment vehicle nowadays but a lot of people are losing because of lack of knowledge and wrong mindset. I always telling my friends that they should invest in their knowledge first before putting money in different investments because they keep asking me if how long the ROI. They are keep focusing on rewards and not the risks and it makes them to think get rich quickly where it proving that they do not fully understand what they are doing.

[r32godzilla]

Do you understand how market and price work? There should be buyers to buy your tokens unless the token or coin doesn´t have any value. So your claim: "Wouldn't the whole cryptoworld be way more healthy? What do you think about it?" is totally wrong. No one works for free, without it no promotion would be and buyers will not hear about the token. So both sides are needed, buyers and sellers (promoters). 

[SacriFries11]

Right, people should not invest cryptocurrencies if they thought that way, they will end up losing money. People should research about cryptocurrencies so that they know what really is and how volatile it is.

Its like the normal investment thing, it takes time to earn money. I consider earning cryptocurrency as an extra job, I just want to be lock here where I don't have guarantee that it will provide me what I need in everyday lives. If we want to be success and just like OP said, we should not quit our own job just to be fulltime in cryptocurrency especially if we are just in the beginning stage. We can invest our money by also securing our future with the normal thing we should do in real life. Its a different thing that we can use our skills in real world.

[konflikkastil]

Even with the present situation of things in the crypto market, you can just advise to stay off the crypto investment now. There are good altcoins that are doing so well. One just have to be very careful with dealing with those altcoins. They can really disappoint, an if that happens, that will be a total lost I yiur investment. I was to sell some altcoin two days ago, but due to ImToken with high gas fee, I was unable to do that, and till the coin deep again. I just have to wait till when the comes up again. It's a good coin though. So putting all altcoins inine basket is really not a good advise.

[SistaFista]

The title seems a little bit misleading, i think investing in cryptocurrency is fine.
Investing is different from "quick way to rich" because you will need time, maybe long time to make your investment really grow and bear fruit. We should avoid any investment if they promising quick roi, usually its just a fraud.

[Blackrain13]

Why we should not invest in any cryptocurrency if we can see the positive result of it in our life?. You just need patience and positive mind set so that you will understand more what cryptocurrency really is and how it can help to us especially this difficult time caused by this pandemic. And now look at the market of bitcoin and ethereum,it keeps moving upward and give hope to everyone. Cryptocurrency is essential part of economy because people need it.

[0verseer]

It will surprise you that many investors, including me, only interested in crypto because "get rich quick" as the main driven. Don't make it like a bad thing, you need something to keep pushing you forward right? Nothing more real than money, you know. Same as real world, same as crypto world. Can you see they are 'healthy' in their own way?

[Xxmodded]

You wrong not allowed for the other to invest in cryptocurrency, I think during get good and potential coin will bring much profitable for every one to get much money with investing on bitcoin and altcoin. just how to choose correct coin to buy and keep profitable for long term. When hearing with project get trouble sell directly and never holding.

[popeye95]

Wouldn't the whole crypto world be way more healthy by removing anyone have a thought about making a well-deserved profit by selling it higher to some else? How do you think if I tell you that your car or your house worth nothing because you shouldn't look at it as "an investment"? How would anyone buy a car/house if it doesn't have a price tag? State-provided cars and houses? Think about it for a second and you will see crypto is almost the same. Even if I don't consider my bay as an investment or invest in it, I'm sure won't easily give it away.

[GarenCoiner]

Wouldn't the whole crypto world be way more healthy by removing anyone have a thought about making a well-deserved profit by selling it higher to some else? How do you think if I tell you that your car or your house worth nothing because you shouldn't look at it as "an investment"? How would anyone buy a car/house if it doesn't have a price tag? State-provided cars and houses? Think about it for a second and you will see crypto is almost the same. Even if I don't consider my bay as an investment or invest in it, I'm sure won't easily give it away.

wouldn't apply such rules to the real-world will make it a better place, but you can't simply control everyone, you are not in their situation to judge.

sure some actions can't be justified even in crypto world, but it is a world of imperfection.

what you need is to make your own rules to deal with such reactions, trying to be step a head so you don't every time get hit by same wave. and accept it when you make the wrong decision, try to learn from it and make better investment next time.

[tiktokcoin]

You wrong not allowed for the other to invest in cryptocurrency, I think during get good and potential coin will bring much profitable for every one to get much money with investing on bitcoin and altcoin. just how to choose correct coin to buy and keep profitable for long term. When hearing with project get trouble sell directly and never holding.

if i could understand your point, i can describe it as " suppoly & demand "

crypto assets for most altcoins and Bicoin are limited, as more people joining this makes prices goes more up and it is good for old investors ofc.
won't be bad thing unless they sell so much as before when the bubble of bitcoin fall the price from 20k back to be between 3k and 6k

normally we should encourage people to join, to be able to sell faster too, the more buyers the faster you will sell, and this will let more banks and services work on supporting crypto

it is mostly good thing, but every point have its bad side, so yes they can harm the situation but it is still more benfitical than harmful

[Vishnu.Reang]

Those people expect an instant money to earn in crypto. They don't understand what's all about in crypto when they taught once investment made they can earn instant money. A big lose to those who have lack of knowledge so it is good to search prior investing in crypto.

Take a look at the new users who are registering to this forum. 99% of them would be money-minded. They don't want to work hard, but they expect to become millionaires in a day or two. They always dream about a repeat of what we had in 2012-2017, when the Bitcoin prices went from $10 to $20,000. And these people get disheartened, when they witness the prices remaining stable for many months (or even years).

[alisonwonder]

Those people expect an instant money to earn in crypto. They don't understand what's all about in crypto when they taught once investment made they can earn instant money. A big lose to those who have lack of knowledge so it is good to search prior investing in crypto.

Take a look at the new users who are registering to this forum. 99% of them would be money-minded. They don't want to work hard, but they expect to become millionaires in a day or two. They always dream about a repeat of what we had in 2012-2017, when the Bitcoin prices went from $10 to $20,000. And these people get disheartened, when they witness the prices remaining stable for many months (or even years).

well they didn't realize that the price of bitcoin when it was created was as cheap as that until 2017 many were surprised by the price of bitcoin which could reach such expensive prices, because there was brainwashing so that many new people entered and tried to invest in bitcoin assuming they could get lots of profit from bitcoin when prices recovered to $20k again.

[GarenCoiner]

The "get rich quick" attitude makes the market competitive and pushing projects to compete agaist each other. This make the market more healthy. No good wills are going to do that, only people seaching for promising projects help define the market.

partially right, but it is also the reason for making the market unstable, making most of the new small investors dive blindly causing chaos.
making the market less stable and less reasonable and responding very randomly to each kind of outer events.

[Greatdev]

You can't end up with good results in crypto space if you don't learn first, without learning how will you know what you investing on? Many still repeat this same mistake over and over today, they never know that many scam tricks are available

[havoc928]

You can't end up with good results in crypto space if you don't learn first, without learning how will you know what you investing on? Many still repeat this same mistake over and over today, they never know that many scam tricks are available

That's so true! The reason why a lot of people failed to be successful in this market is because they don't learn first before joining in. I have seen a lot of people who think the cryptocurrency market is a market that they can easily earn profits without having any knowledge or analyzing skills, and obviously they failed. Many people are desperated about this market because they lost their money, but the real reason is all about themselves!

[OptimusPrime_3]

When people just start topics like this with no basis or reason, I just dont get it.
NEVER INVEST IN CRYPTO
Then you start telling us the only way you think people should join crypto by earning.
Firstly, you cannot take away the word INVEST from crypto, it's like bread and butter. And if you have any otherwise(es) its should be clearly/factly stated

[GarenCoiner]

When people just start topics like this with no basis or reason, I just dont get it.
NEVER INVEST IN CRYPTO
Then you start telling us the only way you think people should join crypto by earning.
Firstly, you cannot take away the word INVEST from crypto, it's like bread and butter. And if you have any otherwise(es) its should be clearly/factly stated

mostly people like to get attention, you can't deny that, why we comment while mostly someone else said the same opinion.
we all like to share our opinions with everyone in his own way. and also we like to invest in crypto everyone in his own way

[tiktokcoin]

You can't end up with good results in crypto space if you don't learn first, without learning how will you know what you investing on? Many still repeat this same mistake over and over today, they never know that many scam tricks are available

That's so true! The reason why a lot of people failed to be successful in this market is because they don't learn first before joining in. I have seen a lot of people who think the cryptocurrency market is a market that they can easily earn profits without having any knowledge or analyzing skills, and obviously they failed. Many people are desperated about this market because they lost their money, but the real reason is all about themselves!

usually it is a common rule, between almost all fields, if you learn more about a topic before investing/working in you will be saving time and money paying some effort and less time.

people look for getting rich fast assuming they might be from the 0.000000001% who can succeed with luck with no experience and sometimes not enough money :') dopamine effects I guess.