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Author Topic: Never invest in any cryptocurrencies!  (Read 17730 times)
Gotumoot
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July 22, 2020, 03:12:47 AM
 #41

This is the problem for most of the investor they only see it that way because of the successful stories that they read or heard on their friends or on the internet.
They doesn't know how long and how hard the journey those successful person had in order to be where they are now how hard they resist on not letting go of their crypto when the price went down.
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July 22, 2020, 03:51:39 AM
 #42

Well, the investment can be done, but in the right place. most sites that offer bonuses like that are HYIP sites, and that really makes a lot of people stuck with the bonuses offered. however, not all crypto investments have the same potential, so it is highly recommended to conduct research before investing.

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July 22, 2020, 04:24:09 AM
 #43

A big percentage of the people who are into cryptocurrency have little knowledge of the technology. I must admit because that is what we always discuss with my peers in our area. Many of our colleagues ask us for guidance, what to invest and what crypto to buy, how to earn, and many others. I think as investors and as cryptocurrency enthusiasts we need to "force" ourselves to learn and read and research. There is no other for this. If you are lazy enough to learn the ropes of being a crypto enthusiast and investor, then sad to say this is not the business / investment for you.

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July 22, 2020, 04:27:03 AM
 #44

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.
People generally view cryptocurrencies as stocks that go up in value. This is precisely why it is now attractive to the bulk of people. Traders also take advantage of the high price volatility of cryptocurrencies for their earnings. As a means of payment, cryptocurrency is still very poorly used. So far, this is really a problem for cryptocurrency, since its liquidity is growing very slowly. There seems to be nothing we can do about it. After all, the use of decentralized cryptocurrency by business structures as a means of payment is hampered by its high price volatility.

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July 22, 2020, 04:31:05 AM
 #45

There are many approaches towards cryptocurrency and every of them are important in their own way. Crypto is now a diverse technology that may or may not involve money. Even the coins with value are of different nature and approach. Most of the new coins comes with some utilities, some are STO or acts as stocks or bonds to some business. Some are just speculative. Similarly there are differences on how people approaches crypto. Some buy it for utility and ease of use, some are here for the profit while some are just trying new technology. I don't think we should generalize every crypto and their difference in approach attracts different group of people.



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July 22, 2020, 05:08:01 AM
 #46

There are many approaches towards cryptocurrency and every of them are important in their own way. Crypto is now a diverse technology that may or may not involve money. Even the coins with value are of different nature and approach. Most of the new coins comes with some utilities, some are STO or acts as stocks or bonds to some business. Some are just speculative. Similarly there are differences on how people approaches crypto. Some buy it for utility and ease of use, some are here for the profit while some are just trying new technology. I don't think we should generalize every crypto and their difference in approach attracts different group of people.
It's true! Not everyone comes to the cryptocurrency market for earning profits. People come to the crypto world in their own intentions. It's not right to give out such a personal opinion like this and encourage people to do the same thing. I think the OP is just upset about something in the crypto world such as being scammed, lost investment,.. that leads to his desperation and angry!

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July 22, 2020, 05:31:37 AM
 #47

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?




Crypto is good to use but risky so before we enter to any platform in crypto make sure that we have knowledge about it. Actually it's sad that many who enter in crypto think that they can get a lot of money or profit in overnight,sadly there's no easy in any platform even in crypto.

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July 22, 2020, 05:55:45 AM
 #48


Crypto is good to use but risky so before we enter to any platform in crypto make sure that we have knowledge about it. Actually it's sad that many who enter in crypto think that they can get a lot of money or profit in overnight,sadly there's no easy in any platform even in crypto.
Right! The time that you can make quick and huge profit out of the cryptocurrency market has long gone. Back in 2017 when there were a lot of pumps, it may be true. However, the market right now is just not the same as the market back in 2017. The cryptocurrency world has been developed fully, therefore, if you want to join this market you need to have proper knowledge and skills. Too many people come to this market without any knowledge that leads to their losses in capital!

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July 22, 2020, 06:45:20 AM
 #49

The irony of trade in this market is that new people come more when old members are leaving temporarily, old people or traders come in when new members are leaving. When the bull market is rumbling the newbies think its a get quick rich scheme to catch from, they come with bigger fund and leave with fewer profit or loss. At the moment it is not get quick scheme until the parabolic arises, advice those that trust your words to come in now, buy from $100 into different coin before they call it scam again.

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July 22, 2020, 07:39:14 AM
 #50

What happens is that they are immediately dazzled by high or large amounts of price. They should remember that the world of investment is not only always up but also down, whether crypto or not. They should avoid thinking that it will give them big money in the short term. It takes times and requires patience.

There are many uses for cryptocurrency, it just depends on the user where and how he will disperse it. Can be used to purchase products and services, can be used for gambling and much more. Thanks to modern technology, it is able to create new innovations.

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July 22, 2020, 08:30:40 AM
 #51

It will be healthy if we (as bitcoin enthusiasts) are going to promote, use and patronized cryptocurrency  in a good way. Those who are new in crypto field mistakenly enter here because of those reasons;
 -easy doubling money (which is probably wrong)
 -big money returns if they invest (but forgot that cryptocurrency is volatile thus will not easily return the fund and it takes time)
 
 But those who are already here for a long time knew the risks, the purpose of cryptocurrency and knew all the circumstances when investing into cryptocurrency.
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July 22, 2020, 08:33:19 AM
 #52

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?




At first that topic of your almost got me confused lol, many newbies are here to make money because of many news surrounding crypto and probably they see living witnesses who make good money from crypto, they quickly join the crypto train with the hope of making fast money, little did they know that making money from crypto is all about perfect timing.

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July 22, 2020, 08:39:26 AM
 #53

The main problem i have noticed with most people is that, they see and handle crypto as i they are dealing with Ponzi. That is why crypto projects that are Ponzi-like easily crash. Ponzi is never volatile, while that is the main characteristic feature of crypto. Those who really make it from crypto are thosethat understand how it works and who are very patient and meticulous on every decision they make.
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July 22, 2020, 08:41:52 AM
 #54

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

I agree with you on this thought.

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 I partly disagree to you on this one for a reason:

If there is no one buying cryptocurrency on an exchange, then what is good in holding those cryptocurrency?  We all know that investors participate in crowdfunding for possible profit.  No one will support a project without any gains from it, whether it is financial or social gain.

If everyone just rely on getting cryptocurrency through job works, and no one buys it on the exchange, then it is good as working for nothing since the coins and tokens we receive has no demand at all.

And most of all, spending time, effort, talent even it is not financial is still an investment.  In short, one cannot gain anything unless he invest something.
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July 22, 2020, 08:43:35 AM
 #55

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?





Usually, it doesn't neccessarily have to be a get rich quick mentality; everyone in the world invest to get profits; so whenever you see people speculating about the profits they are expecting from an investment in crypto currency, do not see it as a get rich quick mentality. The rewards of investments are profit or loss; you can only implore such individual not to get too excited or carried away, and help them focus on their trades, consistent research works help too.
shoreno
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July 22, 2020, 08:48:50 AM
 #56

whats the difference ? earning a crypto the other way around and investing on crypto in the hopes of getting rich are i think the same .

 both have goals to hodl and to sell  . the small difference could be complaints because people think that think crypto are get rich scheme will find them selve complain alot while normal earners do complain to sometimes   . lastly your title is a bit missleading   . i thought you are just another basher that hate cryptocurrencies  .
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July 22, 2020, 08:49:10 AM
 #57

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.

Having that kind of mindset has nothing to do with hard work, and thinking that money will work for you. Most ponzi scheme businesses that used this kind of process mapping will promise this kind of mindset, that usually motivates a person of becoming reach is always posible. Though in a business, risking your money is always a part of the whole category, but when you're in crypto we should determine the right asset to choose to avoid losing your future profit.
plvbob0070
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July 22, 2020, 10:01:58 AM
 #58

I think most people approach crypto in the wrong way. With "get rich quick" approach.
That's the common misunderstanding people though when investing in cryptocurrency. But that's not really the case here in crypto. If with proper research and study about cryptocurrency, people will realize that there's no easy money here and it takes time before you become "rich" by investing or trading on cryptocurrency. Most of the double money or rich quick scheme that you will see on the internet is a scam that's why we need to be careful.

If our goal is to earn, we should also know the risk and how to deal with it. It's just the same with other investment, it takes knowledge and time before you can say that you succeeded with your investment.
LazerPanther
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July 22, 2020, 10:07:46 AM
 #59

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.
Agree with you, just invest, everything will always be risky. And experience will help us avoid those risks and be able to succeed. In addition, there is no way to get rich quickly, except to become a scammer Grin
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July 22, 2020, 10:25:51 AM
 #60

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?




We Cannot blame them because this is the way how Bitcoin and crypto being introduced to them.
I remember i also had this same attitude wayback when i first wanted to invest here.
But my views changed when the realization comes my way and learn that Investing here is not a one night profiting.
we can earn here if we can keep our patience and also our trust in cyyptocurrency.
The flow of market will grow for sure though this will take time.
These people that has this outview will sooner change their mind ,let us
help them realizes all of the things they need to know.









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happen or be a part of it"

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