Never invest in any cryptocurrencies!

[tiktokcoin]

The crypto worlds will get healthy when everybody will accept blockchain for its potential and not just short-term investment in order to get rich fast. That is the actual simple consumer belief and it has to be changed.

However, there are many investors who are only interested in profit when joining this market and this is the reason why I do not feel secure in long-term investment. It may be that blockchain is a trend that is of interest to almost all technology companies, but if the government doesn't recognize it, blockchain will be ignored. I believe that in the next few years people will have a different perspective and open up new opportunities for the entire crypto market.

the governments won't be able to keep ignoring it and one day a president will use blockchain to collect people around him this always happens, or maybe a young one from our generations or the same ideology.
hope is there but there is also a chance to have better technology especially while we are getting better and better computers and it is getting smaller besides how everything can be connected to it now and there is a ton of data.

this means they will prod these promises once they reach their goals, this means it can drop again and people will think of it as unstable and being moved not by whales this time but with dirty money owners.

no matter how hard you try to think of positive scenarios when BTC reaches ATH but this is like in avengers it was 1 good result among 14m + try

yes it is possible but not the most likely to happen

but, as a crypto lover, let our fingers crossed to reach another ATH soon

[ampu]

I think that ICO projects should lock the tokens of investors from 1 month to 2 years so that the market will be more stable and they have the best time to develop the project. Projects should deposit their money to an account and make the management public to investors to ensure they serve the right project development purpose.
Most people invest and expect to get rich quickly. Synthetic is an example. Previously the project held an ICO and a bounty program. People were quick to sell SNX and no one had the vision to understand how powerful the project was to this day.
Not every project has a team professional enough, talented, and kind enough to take their project forward. We cannot blame investors that we should review ourselves to make smarter choices.

[kensaii]

Maybe "get rich quick" approach is not the right mindset when it comes to cryptocurrencies but I think it was a good way to motivate new peoples to the crypto world. Honestly, a lot of us get into crypto because of it and slowly understand you won't survive in the crypto world if that is the only on your mind when making decisions. The crypto world isn't something we can say healthy or not, it was shaped by how we perceive it.

[Restmand]

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?

That's right but if you want to invest in crypto, just invest the money you can afford to lose or if you want try to know and work in crypto like joining bounty campaigns and then the reward you received if that will be convertible to cash then you now have capital.

[Alohadanc3]

Yes you are right. Most of people specially new comers have a misconception about crypto. They think it is a space for overnight rich people. But they don't think about the risk factors or getting scammed. And in most of the cases they are in loss in few days or in few months. So firstly you have to leave this attitude. And think about how to gain knowledge in this field and learn how this whole space works. And yes if we all take this crypto space as just a investment thing it will take more time to grow rather we should go for more use cases and should adopt it.

[velive08]

But the fact is that a lot of people are in crypto with the get rich quick method, because that's what they're looking for. by investing and hoping the price will increase, it will make them get rich quick and high profits. does investment aim at that?

[taufik0911]

Maybe "get rich quick" approach is not the right mindset when it comes to cryptocurrencies but I think it was a good way to motivate new peoples to the crypto world. Honestly, a lot of us get into crypto because of it and slowly understand you won't survive in the crypto world if that is the only on your mind when making decisions. The crypto world isn't something we can say healthy or not, it was shaped by how we perceive it.

I think giving a new user the "get rich quickly" mindset is not right because if he or she doesn't get rich quickly their confidence will decrease and if they experience dropping prices they will feel they were being ripped off.
this is what I see in my country, with the lure that cryptocurrency will be able to make them rich instantly they are very excited but if their expectations are not met they become hates cryptocurrency, this is what is dangerous in my opinion

[BChydro]

The crypto worlds will get healthy when everybody will accept blockchain for its potential and not just short-term investment in order to get rich fast. That is the actual simple consumer belief and it has to be changed.

No one is really identifying the concept behind bitcoin, when Satoshi developed blockchain and bitcoin he expected everyone to built everything on top of bitcoin rather than having thousands of blockchain projects.
People always look to make the profit and there is nothing that can be done about it.

[Chuky92]

You are right but however, my concern is on the "get rich quick" approach which has caused many people their funds as they ended up investing in bad projects which was filled with hype etc. Also, this get rich quick approach tends to blind the judgement of some people therefore making them not to actually study the project but instead they focus on the hype surrounding the project. On the other hand, most people nowadays follow influencers of various crypto projects thus listening and doing whatever they heard without proper analysis and research from their own angle.
In addition, all I can say is, so far someone fails to carryout research on the project he wants to invest in but goes about following hype, then he is likely to keep losing funds.

[Oppo57]

In fact when people first go into crypto they have no idea about it. So they are not aware of many things that cause them to suffer losses. So first learn to understand it then invest here. Because it involves your money.

[andycarrol]

I don't think the people who became millionaires through cryptos agree with this statement. but afterwards it is of course easy to talk. the question now is of course whether it is still profitable to invest in bitcoins at the moment, for example. I would say yes. still is some kind of gambling, but that is the wonderful thing of live.

[pikkie]

I don't think the people who became millionaires through cryptos agree with this statement. but afterwards it is of course easy to talk. the question now is of course whether it is still profitable to invest in bitcoins at the moment, for example. I would say yes. still is some kind of gambling, but that is the wonderful thing of live.

I think that those who do not dare to invest in cryptocurrency are people who do not dare to take existing risks and cannot manage their financial conditions because I see investing in cryptocurrencies as having a very high risk even though like that the profits that can be obtained can be very high because of price movements which is great for making a profit.

[Tomohisa]

I think differently than you. Realistic, everyone in this world have a similar attitude in almost everything. That "get rich quick" is the main driven to push people actually spend their time to learn something. That turn the market becomes healthy on its own. No superficial gesture hiding behind greedy thoughts.

[sayulita]

I don't think the people who became millionaires through cryptos agree with this statement. but afterwards it is of course easy to talk. the question now is of course whether it is still profitable to invest in bitcoins at the moment, for example. I would say yes. still is some kind of gambling, but that is the wonderful thing of live.

The number of people becoming millionaires by trading cryptocurrencies is pretty limited and only a small percentage of people are able to make it that far to be honest, it really takes dedication to fail so many times and still try again and again in order to become consistent in taking profits from the cryptocurrency markets which are extremely volatile and unpredictable to any untrained eye. Investing in bitcoin is not a gamble if you ask me, it is really a good place to invest your money rather than investing in a property or any other kind of High yield investment, bitcoin is risk free and a safe investment according to me.

[nomenclatur]

do not ever expect to get rich quick in cryptocurrecy because all takes time and patience level sufficient to trade however all should be in the know start of trading and the risk of loss, the knowledge must be broad in order to understand the price will go up or down if the investment in the crypto make everyone rich quick then everyone will be to crypto for investments remember all investments have different risks.

[pixie85]

I'm very happy with my investment after buying every single year since 2016.

If someone were to ask me if they should invest I'd say yes. Those who don't play don't win and chances of you winning with cryptocurrencies are by far greater than in gambling or investing in startups.

[wmaurik]

I'm very happy with my investment after buying every single year since 2016.

If someone were to ask me if they should invest I'd say yes. Those who don't play don't win and chances of you winning with cryptocurrencies are by far greater than in gambling or investing in startups.

very lucky you focused on investing in crypto because at that time, I was still racing on micro earning and had not yet started to dare to try to invest, and stupidly was also stuck with cryptocurrency gambling and I didn't get anything from there because I gambled just for fun, and This year I tried to dare to invest in crypto, even though it's actually a little late considering alt season has ended a few year ago.

[Desscount]

if you really choose never to buy crypto currency, it's up to you, I think you lack experience about investing,
there are many investment instruments in this world, you have to learn

[jahepahit]

the truth is that the way newbies are invited is the get rich quick way by new projects , advertises and influencers. now the real intent of crypto needs to be preached and practised such way but this is a huge task. this should start with the current crypto holders and investors and then the newbies will follow suit.

[mydona]

the truth is that the way newbies are invited is the get rich quick way by new projects , advertises and influencers. now the real intent of crypto needs to be preached and practised such way but this is a huge task. this should start with the current crypto holders and investors and then the newbies will follow suit.

it is the marketer's tricks and the foolishness of some type of people, some newbies come to learn and understand the market maybe testing in low budgets.
it is about the mentality of each person, not a general rule.

from our side as an old adopter and somehow experienced old investors we should share our knowledge to help newcomers and this will return on us by making the market more healthy