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Author Topic: Never invest in any cryptocurrencies!  (Read 17763 times)
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July 21, 2020, 04:23:00 PM
Merited by CryptopreneurBrainboss (1)
 #1

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?




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July 21, 2020, 04:29:27 PM
 #2

Yeah they should treat crypto as another form of money, a digital money. But in crypto we have more opportunity to earn. Yes, in traditional money we can also earn by trading our national money thru forex exchanges but the movement of their prices is pretty stable unlike in crypto we can witness a huge increase, that is the opportunity everyone is waiting, you are correct it is not a get rich quick scheme it will not happen in just 1 day it needs time and patience.
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July 21, 2020, 04:30:11 PM
 #3

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 agree.

If the new investors have this on their minds, they shouldn't proceed. Crypto isn't a rich quick scheme or an overnight success that will drive them to their wealthy life.

Because of the scam investments, they have provided this definition to the community and even to the newbies.

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July 21, 2020, 04:40:24 PM
 #4

It's a problem for new comers in crypto investment. Around mid 2017, a report on mass people showed that "Bitcoin is a thing where we can invest and earn money." I'm talking about my country situation. I'm sure most of the people from other country had the same attitude and still the newbies have. We are promoting crypto as investment rather than its ease of usage. If we discuss how convenient crypto is rather than discussing it as store of value, it may possible that the adoption would increase.
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July 21, 2020, 04:52:21 PM
 #5


the word bullrun i think correlates to get rich quick.

you can't blame these people because the webpages of the developers are always going to make someone expect the price could go to the roof.  bitcoin and altcoin speculation threads fuel the idea that one day their hundred $ investment could actually save them from becoming homeless. some are seriously putting all their faith when they read some user's signature saying "in crypto we trust"

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July 21, 2020, 04:57:43 PM
 #6

There is an illusion that when you enter the world of crypto you can multiply in large amounts the money invested. We will not deny that this possibility exists but when analyzing the market we find an up and down pattern that accompanies a flow. So for you to multiply your investments, the project must follow a flow of adoption and variation and also your investment value must be considerable. Lack of knowledge is also a problem because it can lead to large losses or investments in malicious projects leading to major frustrations.

Note* I write about projects that can do something for society. Now whether this will happen depends not on me, but on the project team. I'm just a writer... DYOR
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July 21, 2020, 05:06:25 PM
 #7

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?




So you are saying that people should "earn" in crypto currencies rather than invest on it?/ Kinda sounds like you are saying people shouldn't buy it and they should just collect it, which sounds totally wrong. You should buy crypto currencies and investing on it is really a good option.
What you shouldn't do is invest to make profit over night. You shouldn't invest in it before getting to know more about crypto currencies. You shouldn't invest before learning about the risks and how the market works!

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July 21, 2020, 05:11:02 PM
 #8

We all should participate in the crypto and blockchain industry as end users and potential businesses or developers that can add value to a project. Investors or speculators only care about profit so I do agree that we should approach this technology more from the utility perspective than the financial one.
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July 21, 2020, 05:21:13 PM
 #9

Yes, you are right that our first mistake is we start thinking that crypto is a thing where we became rich overnight. who still thinking this crypto is not for him.
But I do not agree with people should not invest in crypto. There are many rooms to be a successful investor in the crypto world if you can take it as a professional. as I said before crypto is not for him who thinks crypto is a tree of money. where we can easily take it. You have to think, research, learn before investment. then you could earn some profit from it. Otherwise, only earning is better.

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July 21, 2020, 05:45:13 PM
 #10

Cryptocurrency is the future currency of entire world, So we must try this crypto investment because it will useful to survive on anywhere. This statement is totally against in crypto platform so If you don't now the efficient of cryptocurrencies, you can consult your queries. It have various sectors so before to enter we must plan our perfect suitable manner then try it

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July 21, 2020, 05:49:43 PM
 #11

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

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July 21, 2020, 06:01:05 PM
 #12

Cryptocurrency is the future currency of entire world, So we must try this crypto investment because it will useful to survive on anywhere. This statement is totally against in crypto platform so If you don't now the efficient of cryptocurrencies, you can consult your queries. It have various sectors so before to enter we must plan our perfect suitable manner then try it
Crypto isn't really an investment, we just made it in that way for our benefits but the things keep changing.In 2017 ICOs are giving huge returns to investors but in 2020 none of the investors are even recovered their capital so cryptos also might turns out to be a stable asset and this is really indeed if we need to use it as currency.
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July 21, 2020, 07:43:27 PM
 #13

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 agree with what you said, but I think often the publicity that people do on bitcoin is totally wrong, many are just looking at the value of btc and hoping that they get rich immediately, but in reality it is now difficult to access the train it is gone! we should think more about how to make it usable for payments or as compensation for works or for purchases of goods and services, the one for which btc was born, digital payment. The same goes for altcoins too

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July 21, 2020, 07:59:35 PM
 #14

It depends on what you mean by "get rich quick". It seems to me that most of those who wanted to make quick money in crypto came in 2017 and left in 2018. Now, in my opinion, there are practically no random people in crypto. This is exactly what is needed for the health of the crypto market.
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July 21, 2020, 08:01:20 PM
Merited by TimeTeller (1)
 #15

This is really an income that you have to be careful with.  Any investment requires a sober and thoughtful analysis.  If you apply a balanced and thoughtful calculation, you can have a stable income.  The main thing is not to risk large sums and learn to trade, that is, read, practice and analyze.  And everything can work out.

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July 21, 2020, 08:01:32 PM
 #16

Most of the people who come to the crypto market come up with the idea of ​​getting rich quick. But it doesn't take long for them to realize that this thinking is wrong. Because they invest in the hope of quick profit without any kind of research. I have seen many crypto investors who have come to get rich quick and have now left the market with huge losses.

You have to think of yourself as a professional investor in any investment. Because professional investors don't invest without knowing anything, they know how much risk a market has. They know how to do research, so they don't invest in looking at any influencer's screenshots or fake fomo tweets.

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carter34
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July 21, 2020, 08:03:54 PM
 #17

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?



But how do we get crypto freely or we don't invest but other people invest and that is how the team is able to do advert, pay for other things about developing the project, including writing the white paper. People will invest in crypto projects but I suggest they should invest in a real project and not fake.
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July 21, 2020, 08:30:27 PM
 #18

I agree with you, here in the crypto world everything needs to be studied and analyzed. The investment needs time to think and listen to the experts ’recommendations and not to rush to take an individual decision. There are no profits without experience and knowledge. The unexperienced investor will find losses of his money and he may fall into a scam project and lose all his money inside. All beginners must learn and invest with the money they want to lose.

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July 21, 2020, 08:41:13 PM
 #19

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.

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bttmember
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July 21, 2020, 08:58:55 PM
 #20

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?




Actually you are right that crypto is not a get rich quick program rather it is just like supporting new tech and projects but it is not true that what people invest in a project is not an investment but donation, please be clear that it is an investment and investor has the right to look for profit and take profit when ever he wants.

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