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Author Topic: Never invest in any cryptocurrencies!  (Read 17730 times)
Emitdama
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July 24, 2020, 08:20:58 AM
 #121

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.
Patience is literally the key to everything. Be it the crypto market, stock market or any other business in general, the heights can only be reached by being patient and up to date with information regarding the same. Crypto currency shouldn’t really be treated as digital money, it is more like an asset which can be used for transactions in various forms, invested in and traded. Crypto market is highly volatile which means you can either win big or lose big so tread carefully.

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.
Cryptos currencies must be promoted as technology that can ease up people’s life rather than as an investment scheme. Investing in the same would than depend on the people. If they like the concept, they can invest capital in it. Most of the people out there are into making money and that’s perfectly normal.

But, it’s the duty of every crypto enthusiast to make them understand and learn the underlying technology in the projects or coins they are about to invest in.
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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July 24, 2020, 08:23:58 AM
 #122

I agree about your opinion. But i think if there would be somebody wants to invest, the most preferrable thing to do is to learn much more about cryptocurrency business and the way it is to be earn, ecause the wrong with the people come to crypto investments is they think that cryptocurrency is a easy money scheme, which is very wrong, it takes hardwork and patience to earn in crypto.
As long as we know what we are doing and that we are risky enough to have it, it is fine. I don't see any problem investing in it, especially that I can prove that I was able to earn from it especially before. Investing will depend on us not on Cryptocurrencies. We should also take advantage these type of investment since only few knew it yet, iif we study it now we will able to use it more in the future.

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July 24, 2020, 08:26:25 AM
 #123

CYPTO is very difficult in guessed that I have seen until now rarely find a coin that can provide large profits in the short term if skills are lacking in the crypto world better don't invest in crypto, very risky

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btc78
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July 24, 2020, 11:11:11 AM
 #124

CYPTO is very difficult in guessed that I have seen until now rarely find a coin that can provide large profits in the short term if skills are lacking in the crypto world better don't invest in crypto, very risky
Why always seek for LARGE PROFIT?invest to earn not to Get rich and that is the problem why many Noob and greed people lose their investments because of this attitude.
This market is volatile and yeah we can make money but remember that the opposite side will make us lose so contentment is the key to survive.
some traders is fine with small profit but at least consistent than looking for Big profit but rare to happen and mostly makes us fail.

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July 24, 2020, 11:22:05 AM
 #125

CYPTO is very difficult in guessed that I have seen until now rarely find a coin that can provide large profits in the short term if skills are lacking in the crypto world better don't invest in crypto, very risky
if a person does not have enough skills, then it is simply better for him to invest in bitcoin and not look for very large profits among altcoins. But not investing in cryptocurrency is generally a stupid decision.

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July 24, 2020, 11:54:34 AM
 #126

Newbies think that in the cryptocurrency field you can immediately start earning, but unfortunately, without any knowledge, this is impossible and therefore you need to first study the possibilities of cryptocurrencies and the entire cryptocurrency sphere in order to start earning in this area correctly and successfully.
If you want to generate money thought out these platform then you must have to become eligible to get a better understanding of how do things got work here. Therefore you must have to gain knowledge as well as experience here and after that, you will get a better way to generate money through your work.
Indeed knowledge is the key in order to better grasp how crypto works. Exerting an effort and working hard are your stepping stone to be able to earn. On the other side if you want to use a capital to invest in crypto, make sure you did a research to know the uses of the coin if its worth to invest your hard earned money.

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July 24, 2020, 12:17:43 PM
 #127

CYPTO is very difficult in guessed that I have seen until now rarely find a coin that can provide large profits in the short term if skills are lacking in the crypto world better don't invest in crypto, very risky
if a person does not have enough skills, then it is simply better for him to invest in bitcoin and not look for very large profits among altcoins. But not investing in cryptocurrency is generally a stupid decision.
It is indeed true, if you not gonna invest in cryptocurrencies then you will definitely get regret it later. Those who do think to invest in altcoins would have risk then you should stick to BTC which has minimal risk and maximum potential. Because of that many of us had already made a good profit by holding BTC.   
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July 24, 2020, 01:07:41 PM
 #128

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 2017, this is exactly what happened: people came and bought cryptocurrencies to get rich quickly. Those who invested a little earlier did get rich quickly, but most of them lost because they didn't sell on time-this is greed. I don't think I'll make money that fast right now. But if you invest for at least a couple of years or more, it will bring a good return.

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July 24, 2020, 03:05:47 PM
 #129

First of all, you need enough knowledge about crypto currency. If you don't have any idea about crypto currency or any project then why you invest there. If you want to invest in any project then first you need to gather knowledge about this project and finally you make a decision that you invest or not. Now a days it is so much tough to choose a project for investment. But not impossible to choose. Finally i can tell you that you can invest in crypto currencies after getting knowledge and research.

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July 24, 2020, 05:43:15 PM
 #130

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?





take it from an expert in life before being expert in crypto for 3 years  Cool
that would make the whole crypto world more healthy as if everyone working hard and doing his best for himself and others around him.

but does it what happens? no, why? because it is not a fair world, and every technology is a double-edged sword, some projects are using it the right way, some are abusing it.

it is better to check every service and coin and avoiding projects that are hiding the main info.

also, it is always better to invest in coins/projects for teams who have a past of stable development for other projects.
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July 24, 2020, 07:38:02 PM
 #131

I never like people with only simple thinking "get rich quick" on crypto scene. Put that aside, risk equal with profit. If people understand how much risk is for a crypto investment then that's their choice, you can't force them to use it as a different means.
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July 24, 2020, 09:56:27 PM
 #132

I never like people with only simple thinking "get rich quick" on crypto scene. Put that aside, risk equal with profit. If people understand how much risk is for a crypto investment then that's their choice, you can't force them to use it as a different means.

The same thing could be said about people who are negative towards the overenthusiastic investors.

Some people are greedy, some are enthusiastic, some are skeptical but all of them should have a chance to invest. If you're greedy you could be disappointed but you as well could succeed.

In 2017 those who bought and held were successful no mather what attitude they had. They all had a good timing and that was enough.

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July 24, 2020, 09:57:29 PM
 #133

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.

Coming in into the crypto industry bringing such attitude of thinking that with the use of cryptocurrency you can get "instant rich" then was really a misconception and it might just lead you into a greater loss if you just came along having the hope in your hand that once you enter the crypto industry you can already get into a quick path of being a rich individual.

That was certainly the misconception of many people whenever they hear about cryptocurrencies because what comes into their mind is that there is an easy money associated on engaging with cryptocurrency. Then it is not. It is still in need for you to seek possible ways on how you can earn and one of those is through investment. Investment in cryptocurrency is like investing in the real world of stock market wherein you invest and it would take time depending on the current market situation. But on the cryptocurrencies, it might look a little or let's just say technical and complicated because of the volatility of the cryptocurrencies.

If people are thinking that investing in crypto is just that easy, then better think for a while before doing actions of deciding to invest in crypto. If you have such an attitude, better do not invest into any crypto just for a while. Make yourself have a time to understand thoroughly that investment in crypto is a real deal and not as easy as what most people think it is. As long as you do not have better understanding about it, you must not invest into any crypto because once you fail on investment you might just get into frustration so better learn the real deal that there is no easy money in cryptocurrency. Everything is undergoing a process.
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July 24, 2020, 10:05:00 PM
 #134

I never like people with only simple thinking "get rich quick" on crypto scene. Put that aside, risk equal with profit. If people understand how much risk is for a crypto investment then that's their choice, you can't force them to use it as a different means.
the truth is that in this market only those people who have learned how to take risks - make money! The person who has learned to choose the right tools in which to invest money

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July 24, 2020, 10:17:30 PM
 #135

I agree investing in cryptocurrency is not a way to get rich quickly, but investing in cryptocurrency requires patience.
So don't expect instant profits when deciding on investments in cryptocurrency. Moreover, using money from hot wallets
used as capital, or borrowed money used for investment capital in cryptocurrency do not do that if you do not want problems.

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July 24, 2020, 10:38:19 PM
 #136

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?




Well your topic is far on what you are pinpointing, but in crypto currency there is no easy way to get rich it was taking time to became rich if you know have enough knowledge don't go with the hype of a coin usually when the hype gone wrong then you are the one who will trap on that investment so that don't be on a hype one beware of people who will say that you are going to be rich easily.

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July 24, 2020, 10:48:19 PM
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 If you don't want to invest what is your purpose, usually as a part of this world of cryptocurrency, your fundamental planned is to invest for you to have something like savings, this is a part of your life to lean on when a financial crisis comes within and opportunity, as new age, people on today is almost all are creative, So you need to drive them all.

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July 24, 2020, 10:50:57 PM
 #138

I never like people with only simple thinking "get rich quick" on crypto scene. Put that aside, risk equal with profit. If people understand how much risk is for a crypto investment then that's their choice, you can't force them to use it as a different means.
the truth is that in this market only those people who have learned how to take risks - make money! The person who has learned to choose the right tools in which to invest money


Your last statement has defended the former part of it. Taking risk should come with care. Do not ever take risk over a project yu know nothing of. You can only control what you know and you can only choose what you know. So, learning to make the right choice is the most important thing, which is now followed by the decision to take a risk.
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July 24, 2020, 10:59:46 PM
 #139

I never like people with only simple thinking "get rich quick" on crypto scene. Put that aside, risk equal with profit. If people understand how much risk is for a crypto investment then that's their choice, you can't force them to use it as a different means.

I believe that larger percentage of those in the crypto space now want ti make it well from crypto as fast as possible and that is why they easy fall into the hands of scammers. In fact, opportunities are becoming so numerous, but not all can be trusted.I would prefer to invest in just one sure and legit project, than to invest in 100s of shady projects, which contain high risk.
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July 24, 2020, 11:50:22 PM
 #140

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?
Take as an example Instaforex exchange has trading pairs with different currency. Why do traders trade with these currencies? You are right, but hundreds of 5 people could believe in this process. Everyone is looking for profit, either traders or investors. We couldn't stay with a coin for a long time. Even for holding we would like to hold new technology and upcoming blockchain, why would we stay with old coins?
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