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Author Topic: Never invest in any cryptocurrencies!  (Read 17730 times)
rexxarofmoknathal
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July 22, 2020, 09:07:38 PM
 #81

Getting crypto by doing something like doing a task and or other jobs and services I think that is the best way for you to get crypto with the skills they have and also, if they only expect to get rich quick then of course that is the way it will be difficult to achieve, but if they aim to get rich by working hard through a long process then I don't think it's wrong in that way because the most important thing is to appreciate a process and there is no quick profit and no quick way to get rich because success requires a process.

I agree with you that irrespective of the way you go about it there's time and effort that one must put in to get the reward either this being 'too fast' i.e. making money quick, or not. The difference between some people and their success is the 'doing' and taking risks and not just saying for the sake of it which what some people on here seem to be. There's also the element of extreme luck but that's nothing you can do about.





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mintme.com (OP)
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July 22, 2020, 10:22:20 PM
Last edit: July 22, 2020, 10:43:48 PM by mintme.com
 #82

Well, I do not understand why exactly you have such an opinion. You are promoting your business based on cryptocurrencies: "Create your coin for FREE at mintme.com" and you come with this idea? Who are you? It doesn´t make me any sense... And when you do not believe in other cryptocurrencies, why are you here?  Huh

I only ask to not invest in them but to actually use them. Currently, if some person supports another one via Patreon for example, he/she does it without getting anything in return. On mintme.com they would get such person coins in return. Would it make them rich? Probably not, but maybe they would gain something in the future if such person becomes famous and more and more people try to buy same coins but for higher price, for the purpose of support.

There are way more use cases out there. Just investing seems wasteful.

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July 22, 2020, 10:32:23 PM
 #83

A lot of people will not know how long we have been working hard investing time, money and energy in projects for some years now, when the bull run begins and we are enjoying the reward they will think it is a get rich quick thing we have done.
Actually crypto is such a rewarding package and for we that the value of our payment on my country is not even commensurate to the work done,I dedicate good time for it.
That is the essense of investment. It is not easy and fast profits or gains. There are only success and failure. If one wanted fast to earn then probably the more risky it will be or lower chance on getting the investment successfully. This is why investing in tokens is really bad. Yes, most of the team handling projects paying tokens as an exchange for your money then promises to double it over a small period of time sounds fishy. There is no way I can trust my money to them instead I will just invest in bitcoin and wait for a time to earn.
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July 22, 2020, 10:42:39 PM
 #84

Newcomers treated crypto as a quick scheme which they can earn money instant. Lack of knowledge actually that's why they have wrong impression to what cryptocurrency really offers. This is not the way when you invest and put money you will earned big immediately. You have to learn and study though so never invest without knowing crypto first.
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July 22, 2020, 10:46:21 PM
 #85

Probably this must be one of the worst suggestion I have come across in recent times. Because I have not seen anyone suggesting about not to invest in cryptocurrencies. If we go for studying about what are good assets for getting us better ROI, I guess cryptocurrencies must be having top spot in such a list. So, investing into cryptocurrencies is highly recommended for those people who loves taking risks but still on calculated way. Cryptocurrencies will get you better ROI but you must be aware of what coins are good to invest with.

Cryptocurrency market must be too vast which is the reason why many people are easily getting failed here. You must take time to do due diligence so that you can filter out all the improper projects for not investing with them. When you are good at your due diligence then you can easily make lots of money by simply risking only very small amount in cryptocurrencies then how it will be a right to call not to invest in cryptocurrencies.
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July 22, 2020, 10:47:50 PM
 #86

In this altcoin season? There are some IEO that worth investing in whether as a newbie or as a veteran. Although, one has to be careful and invest only what he or she can afford to lose.
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July 23, 2020, 12:06:47 AM
 #87

Getting crypto by doing something like doing a task and or other jobs and services I think that is the best way for you to get crypto with the skills they have and also, if they only expect to get rich quick then of course that is the way it will be difficult to achieve, but if they aim to get rich by working hard through a long process then I don't think it's wrong in that way because the most important thing is to appreciate a process and there is no quick profit and no quick way to get rich because success requires a process.

I agree with you that irrespective of the way you go about it there's time and effort that one must put in to get the reward either this being 'too fast' i.e. making money quick, or not. The difference between some people and their success is the 'doing' and taking risks and not just saying for the sake of it which what some people on here seem to be. There's also the element of extreme luck but that's nothing you can do about.
The mentality is a factor, we should think differently. Many people here in the cryptocurrency market want to be rich in just short period of time and it is the problem, we should think long term success and it requires patience and hardwork. We should also used to take many risks as possible because it is important for us to grow as a investors and traders. If we will play safe, our dream is in danger because most of people nowadays are playing safe and avoiding to take so much risks.
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July 23, 2020, 12:49:11 AM
 #88

Look at Africa where many people do not even have a roof over their heads, but meanwhile more and more people have smartphones!
What I wanna say: All can participate, and not just "chosen ones"...

Think about it... Smiley



Otherwise, I largely agree with you...

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July 23, 2020, 03:23:54 AM
 #89

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?





You got the main point out there. Well, that's the reality, especially these times where almost all altcoins or crypto projects are making some huge price surge. New people who have been encourage because of the profits without reviewing what kind of investment it is will be always get trapped.
 I always teach my fellow crypto enthusiast that they have to think price and calculate the risk before they invest. There are so many projects that offers low risk high reward and so why to choose high risk with low reward.
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July 23, 2020, 03:36:36 AM
 #90

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?



Looks good and I'm ok with it, but it should be coins that has a market we have a lot of tokens created for the purpose of being a donation coin but failed miserably and never get into the market, the best bonus anyone can get is something that will get value in the future, imagine receiving a coin, that after a week or two the value has increased, of course because of market volatility it has the possibility to decreased also.

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July 23, 2020, 03:41:52 AM
 #91

Look at Africa where many people do not even have a roof over their heads, but meanwhile more and more people have smartphones!
What I wanna say: All can participate, and not just "chosen ones"...

Think about it... Smiley



Otherwise, I largely agree with you...
you are right. I understood what he said, and I also strongly agreed on that. however, it's not wrong to think of getting rich quickly from crypto, but that doesn't require us to invest in every place. the point is if you really feel that crypto can make you rich, try looking for a job that is paid for with crypto, even that can be used via a smartphone. Besides that, investing is quite risky for now, but I think that only applies to the new altcoins.
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July 23, 2020, 03:53:21 AM
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 #92

you are right. I understood what he said, and I also strongly agreed on that. however, it's not wrong to think of getting rich quickly from crypto, but that doesn't require us to invest in every place. the point is if you really feel that crypto can make you rich, try looking for a job that is paid for with crypto, even that can be used via a smartphone. Besides that, investing is quite risky for now, but I think that only applies to the new altcoins.
If you're just looking for an instant way to get rich, then most newcomers are stuck in the HYIP world or ponzi sites that pay with Crypto. Because usually they will provide the lure rewards doubled if we join them.  So if mindset is to get rich quickly, then I think many people will be influenced by them.
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July 23, 2020, 08:57:51 AM
 #93

If you're just looking for an instant way to get rich, then most newcomers are stuck in the HYIP world or ponzi sites that pay with Crypto. Because usually they will provide the lure rewards doubled if we join them.  So if mindset is to get rich quickly, then I think many people will be influenced by them.
yes you are right, one example a few days ago when there was hacking on a binance twitter account and others, a lot of fools sent some money because it was just a big lure,
money will make people blind Cheesy

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July 23, 2020, 09:10:06 AM
 #94

You don´t have to invest, that´s why people are here, to earn crypto currencies! Those who actively participate in bounty campaigns and airdrops since 2016-2017 earned for sure a big amount of cryptocurrencies to have a nice future.  Cool

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July 23, 2020, 09:17:03 AM
 #95

Why are you here if you don't want to invest in crypto?
You should invest in crypto because it will help you earn much bigger than investing in fiat money on in stock market. The volatility of cryptomarket are the reason why we should invest and earn as long as we have knowledge about it. Maybe you can't get rich quickly but you can earn a lot if you have patience.

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July 23, 2020, 09:24:04 AM
 #96

Cryptocurrency market is mostly speculative at the moment, so the main aim for the most traders is just to make money. They are often not interested in blockchain technology itself, they are attracted my a high-volatile market.
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July 23, 2020, 09:28:49 AM
 #97

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?





When you say " Never invest in any cryptocurrency " it means all cryptocurrency for you is just a piece of shit,
including Ethereum, Xrp, Bch, Litecoin and all top altcoins in the market. Where only bitcoin is good for you.
If that was your belief I respect that, but your belief and principle was definitely also wrong in my opinion
and for sure other's may agreed with me as well.
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July 23, 2020, 09:37:43 AM
 #98

I agree, many investors invest in crypto because wrong mindset "get rich quickly", so when he take loss, he not ready for that and will blame the projects. I see a lot of people doing this in telegram. So they have to change their mindset "crypto doesn't make rich quickly". Need knowledge, patience, confidence to become rich in crypto. And also lots of luck Wink
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July 23, 2020, 09:51:16 AM
 #99

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, this is what the new investors think with regards to crypto. They are coming because they see that they can earn money here in a quick way.
That is also the reason too why they are the first ones to burnt out. They thought that it is that easy to earn here in crypto whereas it is the complete opposite of it (unless you are a good trader).

In my part, I think the subject title should be rephrase because in order for me to use cryptocurrencies I must invest some money into it. Yes many people sees crypto as an investment which is supposedly not to because at first place it is a currency but since people are using it for trading and at the same time creating more money with it (and losing money), you can't blame them if they see crypto as an investment instead of a currency.

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July 23, 2020, 10:32:04 AM
 #100

You don´t have to invest, that´s why people are here, to earn crypto currencies! Those who actively participate in bounty campaigns and airdrops since 2016-2017 earned for sure a big amount of cryptocurrencies to have a nice future.  Cool
It has gone through too long, and now bounty is not as good as it used to be. For the time being I think you can only get $ 100-200 for 1 year of your work, and if you're unlucky I think you won't get anything from it.
at this moment, we didnt see any campaign that able give reward value like on 2016 - 2017 condition . due scam project in market in few years ago many investors uncourage to invest in new project and now we see so many project failed.  biggest reward maybe now less than $500 and its very rare to find.
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