Never invest in any cryptocurrencies!

[infocoino]

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?

if we separate crypto into BTC and Altcoins

1. BTC would be used in investments like gold and being traded as USD/EUR.

2. Altcoins would be used in investments as StartUps and being traded like trading in new markets (poor 3rd world countries) because their coin is also not stable and bouncing up and down a lot.

-> so, I see that we are just using it for the same goals and with the same habits and techniques, next in future if something revolutionary also rises we will still be applying the same usage.

Welcome to planet Earth

[inanilujimi]

if you come here to get rich quickly it will be difficult to achieve it, in the world of crypto there is no instant, everything needs a process, if you have pursued one of the expertise in a field then the results will never betray you.

[mintme.com]

Just to be clear - I don't mean that you should not use them, you should use cryptocurrencies but without being obsessed by the price, without all "I invested and I will be rich" thing.

[H1N1]

Most "Get rich quick" schemes are not investment, but just a ponzi scheme.
Cryptocurrency is not ponzi, and there is no quick way to get rich from it because crypto project will need time to progressing.
When the project already big and success, massive adoption will happening and the investors can gain the profit at that time.

[@baoli]

I wonder what else one would think of crypto if you are not a developer. Yes we want the technology, yes we love the innovative approach to our everyday lives. If we buy a token and it appreciates I sell for gain  then I should do more to gain more money.

[infocoino]

Just to be clear - I don't mean that you should not use them, you should use cryptocurrencies but without being obsessed by the price, without all "I invested and I will be rich" thing.

people invest for getting rich, they don't invest in general for no reason or for charity (in most cases).

but I think you meant "they should invest without all "I invested and I will be rich fast/instantly"thing

[kesmex]

even though investing in cryptocurrency is still potentially very high, because cryptocurrency is a future technology,
don't be afraid, if you are afraid that your success will also be lost, learn to invest

[mintme.com]

Just to be clear - I don't mean that you should not use them, you should use cryptocurrencies but without being obsessed by the price, without all "I invested and I will be rich" thing.

people invest for getting rich, they don't invest in general for no reason or for charity (in most cases).

but I think you meant "they should invest without all "I invested and I will be rich fast/instantly"thing

charity is one thing, but helping some content creator who can give you extra materials if you help him is another. I think it's still not investing

[konflikkastil]

The new people coming to invest in cryptocurrencies should be warn ahead, considering the risk and danger in investing in cryptocurrencies. Cause if care is not taken, you can lost the majory part of your investment. Is like learning forex trading, there are lot of things to learn. And please, don't ever invest in any cryptocurrencies you don't know much about. Don't ever try it.

[Rebisco]

Never invest in any types of investment if you do not have prior knowledge about it because if you do, it is definitely considered as act of giving money on someone because you putting money on something that you do not know. Do not put money if you still do not have enough information about it because for sure there is a high chance that you can lose the money that you invest. Allocation is also important so do not put all of your money because of the risks, the ideal money that you should put is the money that you are willing to lose.

[Yatsan]

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.

It is the most common perception of people whenever they here about cryptocurrencies. They think that engaging into investment with cryptocurrencies can make them an instant millionaire which they are just up into earning without even learning. Such attitude from those kind of people can just lead to possible failures and can get into scam investment because they would be the most probable target of scammers for sure because what they think about is instant earning on which most scams are focusing into such mindset coming from newbies.

People must know that investment is a serious matter that also need to have prior knowledge before engaging into it. Never ever invest into cryptocurrencies without knowing anything because it would just be a waste of time and money as well. This could just lead to frustration and might cause commotion because possibly those who fail to achieve their goal without having prior knowledge might spread rumors about bad publicity of crypto market on which at the first place is their fault for not letting themselves learn first on how investment is done.

[infocoino]

Just to be clear - I don't mean that you should not use them, you should use cryptocurrencies but without being obsessed by the price, without all "I invested and I will be rich" thing.

people invest for getting rich, they don't invest in general for no reason or for charity (in most cases).

but I think you meant "they should invest without all "I invested and I will be rich fast/instantly"thing

charity is one thing, but helping some content creator who can give you extra materials if you help him is another. I think it's still not investing

I agree with that, I would prefer to invest/support/help - whatever it is called - a person/team by buying their tokens/coins.

such tokens/coins will have much more stability and credibility, you will be investing in someone you know much about, you are following his/her content. you see how stable is his productivity schedule and most of time know how good is he doing.

[suryapro]

Rushing to invest in cryptocurrency with the main aims of making profit quickly is very risky, cryptocurrency is wider than what newbies will just rush to invest in within few days of joining the community. Patience is very important, get to know much more about the market before investing.

[jahepahit]

its sad that the notion which people come into cryptocurrency is to make quick huge profit. they then fall into wrong hands and are scammed by wrong and fake project owners. if people were brought into cryptocurrency with the revolution mentality and ideology the we would have gone far at this time. the right mindset is needed.

[fullhdpixel]

In cryptocurrency it’s like an open world where you’re free to do whatever you want do. There are those who wants to be making use of it as a way to receive payments for their work, or sending money and purchasing products line, and there are also those that wants to be having it as an assets (these are the people who are always expecting profit).

Lots of people that are making use of cryptocurrency are like the later. When I tell people to make use of cryptocurrency for transaction they usually don’t show any interest, unless I tell them that they can make money from it. Just do what you think is right for you.

[Oyarebu]

Never invest without understanding the project, not only in cryptocurrencies, but also in any field, and do not believe in the analysis made not by you.

Absolutely true talk, cryptocurrency has been in existence but many have been complaining about their investment with the industry, we should be mindful of the type of projects we approach for investment because our decision can made us or brake us. Double checking the projects before we invest with them matters a lot. There are scam projects; likewise there are profitable projects around also.

[Sanugarid]

its sad that the notion which people come into cryptocurrency is to make quick huge profit. they then fall into wrong hands and are scammed by wrong and fake project owners.

We got this mindset back then after the bitcoin hit its all time high, news are every where about a digital currency the reaches $20,000 in total many people have made profit that year persuading others to jump and join the hype thinking it was really easy for  digital currency to gather the trust from its people, but then it submerged. In that time also, many projects are rising without most of us knowing that those are scams and are just surfacing over the crypto for the money. Until know there are people who believe in easy money, can't believe this, scammers in twitter last week was able to bag a huge amount for just posting a bitcoin and ethereum doubler with hacked accounts.

if people were brought into cryptocurrency with the revolution mentality and ideology the we would have gone far at this time. the right mindset is needed.

Not all people are the same, if we all knew that crypto will boom from the time it was created then we could have not experience those unique history of the crypto community. There would not be a pizza bought for 2 bitcoins!

[vvu351]

Never invest without understanding the project, not only in cryptocurrencies, but also in any field, and do not believe in the analysis made not by you.

Absolutely true talk, cryptocurrency has been in existence but many have been complaining about their investment with the industry, we should be mindful of the type of projects we approach for investment because our decision can made us or brake us. Double checking the projects before we invest with them matters a lot. There are scam projects; likewise there are profitable projects around also.

Sooner and later, half of humanity will use cryptocurrency very actively. This is our future and I believe in the development of cryptocurrency.

[shollyen]

Never invest without understanding the project, not only in cryptocurrencies, but also in any field, and do not believe in the analysis made not by you.

Absolutely true talk, cryptocurrency has been in existence but many have been complaining about their investment with the industry, we should be mindful of the type of projects we approach for investment because our decision can made us or brake us. Double checking the projects before we invest with them matters a lot. There are scam projects; likewise there are profitable projects around also.

Sooner and later, half of humanity will use cryptocurrency very actively. This is our future and I believe in the development of cryptocurrency.

Crypto adoption is a gradual process. The rate at which crypto is accepted and is being used is increasing, although, it is gradual. Some who tried to stop it, where are they today. No one is now talking on how irrelevant it would be, but how the world can now harness it for the growth od economies around the globe.

[mydona]

Never invest without understanding the project, not only in cryptocurrencies, but also in any field, and do not believe in the analysis made not by you.

Absolutely true talk, cryptocurrency has been in existence but many have been complaining about their investment with the industry, we should be mindful of the type of projects we approach for investment because our decision can made us or brake us. Double checking the projects before we invest with them matters a lot. There are scam projects; likewise there are profitable projects around also.

Sooner and later, half of humanity will use cryptocurrency very actively. This is our future and I believe in the development of cryptocurrency.

before crypto, fiat was also new one day and people were just trading, then golden and silver coins, then fiat then cheques then online banking/atms

money/economy is being developed and every era have its good and bad sides, like any other field every couple of decades it will have revolutionary new way to replace or stay along with old ways.

for example TVs was new invention one day, and it was on top of any other media advertising, look how the internet replaced everything in a better way, but yet, TVs still exist, some have adopted parts of the new inventions trying to survive like animals evolve to survive. but in general still it is the age of internet and not TV anymore.

same almost applicable on crypto vs fiat, they are having internet banking, international payments but still crypto have much lower fees for any international transfer.