99% of CryptoCurrency Investors fail because they havent understood Crypto

[muenze]

We always hear about the success stories. "Mined 50 Bitcoin back in the day and just found the wallet again.",
"Bought 250 ETH for $2000 total and just sold them all"...

We also have more recent examples, like I bought LINK in January 2018 (which isnt THAT long ago!) for about
50 cents each. Now its at $20. Similiar case with ETHlend (which is now called Aave). You could easily make
x50 or even x150 on these coins. Kinda like early Bitcoin/ETH Investors.

But only if you got in early and trusted them early and saw their potential.

When people bought BTC, ETH, Link, Aave cheap 99% of people thought they are shit. And they didnt buy any.

Now they are high in price the 99% all want them because they dont see what brings success in crypto:

Do it like the people who were first in Bitcoin, when it was uncertain and nobody knew what would happen

Will you lose some money? Yes. But do you have a chance to turn $50 into $50k? Definitely.

So uncertainty and making failures is GOOD in crypto. Its a new evolving market still. Google wasnt the first
search engine there was many before that were huge but failed. The same can still happen to ETH when there
simply isnt enough new investors anymore to push the price to $3000.

Here is two projects I find interesting they are at a very low market cap still. So no wall street, no venture capital,
no large bag holders, are in yet. Will they be big? I dont know. But can you get x1000 if they blow up some day?
Or just x10 if they continue to grow? Then maybe another x10? Definitely yes.

See if you buy some token or coin for 3 cents and it goes to 30 cents you already made x10. Now if it goes
from 30 cents to 90 cents, thats another x3 so you already turned your 3 cents into 90 cents, which is x30.

These are my current favorite picks after checking out 100s of projects.

Interview with world leading KoinOS Blockchain developer
https://www.youtube.com/watch?v=kO_h8Mtl5po
https://www.koinos.io/

Fork of Nano (more fun, still cheap)
https://banano.cc

Feel free to post other very cheap projects that have an active community and a great team and that may
revolutionize crypto some day!

Ones where Wallstreet/Banks/Whales are not invested in YET.

[1715082703]

1715082703

[1715082703]

1715082703

[1715082703]

1715082703

[bassbity]

The biggest disadvantage is having a cryptocurrency based on fomo and hype that grows and is not traced any further. Most of us only know about price increases, and don't know much about what cryptos are trading. it is too ambitious to only see the benefits without studying market movements.
ah, I think back to 2018 when I lost 3 bitcoins in one night.

[X-ray]

How could you say if it's around 99% from the total crypto users who have not yet understood about crypto itself? it should be less than it.
people didn't wanna see they got scammed by the scammers and that's why they will always be feeling worried to bet into the new crypto just like when bitcoin being introduced by satoshi 10 years ago.
That percentage is not correct.

[jacafbiz]

I think is stupid to expect everyone to think or behave the way you are behaving or want them to behave. It is easy to Pick of winners like Bitcoin and Ethereum but what about Peercoin, Mastercoin, Bitconnect, Primecoin and thousands of these coins that are dead now. You make your investment decision, I will make mine and there is no law  that says, after selling you Bitcoin, you can not buy back

[coinswebid]

i agree if someone will fail in crypto investments if they don't understand about cryptocurrency
but i think not about 99% mate, for sure less than 99%
thats why people must learn first before they earn from crypto world

[ahoenk]

99% crypto investor lose because they only here for hype. They wont stay long when bears matket comes, the right thing to do when bears market down is buying and HODLing. Not buying high and selling Low and buying again when its up. Hodl coin is never be easy thats why only few people can succeed.

[Nivia1st]

but 99% of the people who fail have at least learned from their failures. maybe they failed the first time they tried, but the second chance, I think they already have some knowledge. You know experience is the best teacher for knowledge. so it doesn't matter if they all fail, they will definitely rise up and succeed.

and I might be one of the 99%, but now are getting better. I get profit from all my investment. and I understand more about risk management, more patient and don't panic easily. all of that because I learned from my old mistakes.

[Psynthax]

Yeah it's actually kinda silly when you see people buying when the price is already too high and sell their coin when bearish market comes while cursing that they got lied. So many people keep saying to buy low sell high and yet so many people doubtful and anxious when low and buy when high like WTF?
I wonder what's the reason that could influences people's mind into doing such thing. but one thing for sure, people always got greedy but not at the right time for example, when bullrun happens.

[inanilujimi]

I have some bscex in my wallet, after I saw the value from $ 0.3 to now around $ 2. bscex is a concept like UNI but runs on a BSC blockchain which is lower than UNI when making trade transactions, if anyone is interested, please see their telegram @bscextalk.
this is still new, of course, has a big risk as well as everyone is responsible for the choices he made.

[slaman29]

Nice buys for you in LINK and AAVE (actually didn't know it was called ETHlend) but for every success story you can share, there are 20 or 30 more of opposite failures. Myself am one example in 2016 and 2017 even, early adopters for various coins. Some had superb ideas, others had incredible project documents and vision.

I did not get lucky in a single one of them!:) My luck was THAT bad.

[Wahyuihib]

I am very happy to see information about projects that have no value but end up having a high score as you mentioned. And I think all that requires patience to wait until the coin actually has a value..thank you

[Anonylz]

Not to mention you must apply patience, take link as an example, aside from having potential be big, many who bought it where only concerned about the immediate profit, not everyone who bought link at ico or ieo was able to hold it till when link blow up,  some have already sold long ago, so you to make a x and x figure is not for everyone  

[el kaka22]

I believe that is what you should do if you want to get rich with high risk, that is the only way. I mean there is nothing wrong with putting your money into bitcoin and ethereum type of huge big coins and hoping that you will make a decent profit from it, sure you won't be making 50 into 50k but you would at least make some profit with it if you keep investing into it.

However if you want to turn 50 into 50k, you could simply try it 1000 times and if you are right just once you will be breaking even, so yeah investing into small stuff is not a bad idea neither if you have the funds to do so.

I knew a guy who invested into EVERY ICO he could find, it was his thing and he had a whole website about it that tracked the situation, he lost sooooo much money but he had like 3-4 right ones that covered everything, and all the other smaller tinier wins made it profitable. I am not saying do this, all I am saying is if you have a lot of money and want to risk it all away, it is a method people do. Only if you are rich enough though.

[JNR]

I am very happy to see information about projects that have no value but end up having a high score as you mentioned. And I think all that requires patience to wait until the coin actually has a value..thank you

indeed, patience is needed if we want to invest in any altcoins, especially for the new ones
also we must ready for the worst situations, wich mean we must ready to lose our money not only ready for the profit

[batang_bitcoin]

It's like a gamble for those projects that are new and you have no idea if they'll be one successful. Well, if you have invested to those coins at the very low price with the spare money you've got and they skyrocketed after few years of holding it, you deserve all the profit that should come to your pocket. I'm lucky it happened to me but not with an altcoin but just as the usual story, it's with bitcoin. I think it's a good idea to do the same for newer projects but only invest what you afford to lose.

[bluebit25]

Everyone will see this, and they think it seems to be exactly what everyone used to do. The investment process in every industry has the following in common, you must be someone who understands the nature of where you are going to start making money from it. I firmly believe that no investor entering the crypto market has knowledge of it, and the mistake is the tuition fees for us to join and make money here.

[GreatArkansas]

I can relate somehow with OP. Especially the LINK and Ethlend(Aave now). I bought Ethlend before when it was still not Aave.
Cryptocurrency is complex and may not be newbie friendly, especially for those people who are just into profits or money, just some greedy things.
But even though we know some project is good or we satisfied from what we are looking for, they must be not give you a huge return in the run, because there are some projects that are much better to them or their goals is already achieved by other projects. That's why it is still difficult to find a huge returns in cryptocurrency, almost 90% of cryptos are shitcoins.

[takngantuk]

all that happened because of a lack of interest in learning. people are more interested in seeing success stories about crypto. and in the end they invest in the wrong coins. they buy cheap coins and think a month or a year later it will go up high like bitcoin. when they realized, they had failed and their investment was wasted.

[Flowzer]

Nice buys for you in LINK and AAVE (actually didn't know it was called ETHlend) but for every success story you can share, there are 20 or 30 more of opposite failures. Myself am one example in 2016 and 2017 even, early adopters for various coins. Some had superb ideas, others had incredible project documents and vision.

I did not get lucky in a single one of them!:) My luck was THAT bad.

You are not only one person that have luck issue. Even most of my investment already studied well(check website, read whitepaper, etc), but many of them are going nowhere. I believe lack of luck is one of the issue behind it. But i still believe someday i will have some luck on the project that i still hold until now.

[Teraboy]

all that happened because of a lack of interest in learning. people are more interested in seeing success stories about crypto. and in the end they invest in the wrong coins. they buy cheap coins and think a month or a year later it will go up high like bitcoin. when they realized, they had failed and their investment was wasted.

Agreed, they are getting motivated by the influener if their influencers can earn massive amounts of money from the short term trade in crypto while the influencer did't tell them all about what already done by him.
They are always betting into the coins with no future.
We can take mcafee as the best example about how the influencer is always fooling its followers.

[dimonstration]

all that happened because of a lack of interest in learning. people are more interested in seeing success stories about crypto. and in the end they invest in the wrong coins. they buy cheap coins and think a month or a year later it will go up high like bitcoin. when they realized, they had failed and their investment was wasted.

Some expect too much or compare many altcoins in BTC that thinks the price will go high like BTC so tendency they will keep it long without studying or monitoring it that cause more loss. It's happen to me before after btc ATH in 2017 and some of my altcoins holding just lose their value. Soon investors will learn how to handle their investment when they already experience loss and those who are strong enough to try again can succeed.

[muenze]

You are not only one person that have luck issue. Even most of my investment already studied well(check website, read whitepaper, etc), but many of them are going nowhere. I believe lack of luck is one of the issue behind it. But i still believe someday i will have some luck on the project that i still hold until now.

One mistake many people make is trust whitepaper and website. Thats easy to write and make it look good. The more important thing is a great team because a great team can even make something great out of a bad idea because they just improve their project and their idea and keep thriving forward to create value for everyone. I hope KoinOS can do this, its still pretty cheap.

While a bad team will even run a great idea into the ground and just be lazy or not competent enough to build something great.

Also some teams can be toxic like when the CEO puts all his relatives in the team despite no experience or comptence and they threat the really valueful people (the blockchain devs) like crap, the blockchain devs will not be very motivated to build something great.

One good way to spot a good team is to watch their youtube videos. The more team members who have videos and talk about their project the better. KoinOS does this, and when I first check out Nexio, Chainlink, ETHlend (Aave now), they had this too.

[SirLancelot]

Unfortunately crypto investment is a hit or miss type of situation, there are so many coins that became nothing when you invest too early, if you got into the ICO world for example, there were literally ones that made 5000%+ returns for the investors, and many more that was useless and did nothing at all, which is what I think we are all scared of because we do not want to have our money turn to dust.

If you are very rich person, you could throw in 100 dollars or even 1000 dollars into all those useless new unknown projects and maybe some of them would recover that and you will get rich, but if you are not rich how are you going to risk that much money? This is why many people fail to deliver these days, because they do not know if they will even have enough money to pay their rent let alone invest into unknown projects and risk all the money they have.

[jaberwock]

all that happened because of a lack of interest in learning. people are more interested in seeing success stories about crypto. and in the end they invest in the wrong coins. they buy cheap coins and think a month or a year later it will go up high like bitcoin. when they realized, they had failed and their investment was wasted.

Some expect too much or compare many altcoins in BTC that thinks the price will go high like BTC so tendency they will keep it long without studying or monitoring it that cause more loss. It's happen to me before after btc ATH in 2017 and some of my altcoins holding just lose their value. Soon investors will learn how to handle their investment when they already experience loss and those who are strong enough to try again can succeed.

Fortunately there are some coins that made more money than even bitcoin, but they are not common, but they did increased in price compared to bitcoin for sure in fiat form. Ethereum started the year at around 140 dollars and became 1400 dollars that is 10x increase versus bitcoin being 7k at the start and peak at 40k which is about 6x and even a bit less.

So long story short if you want to invest into altcoins you still have a chance. But the fact that people move to altcoisn just to make a huge gain after the bitcoin deal is true, that is a wrong move and nobody should have done that, unfortunately people who are new in crypto fell for that craze and bought altcoins like crazy, making them go higher but they also missed many chances during that period and some of them even dropped. Hence making uninformed decisions in trading is the number one reason to lose money in crypto.

[youdacapt]

At first, you need to understand that crypto currency trading and investment failure is not because they do not understand crypto. As a trader or investor you cannot always get it  right and this is why it is made important that you understand risk management before getting involved in crypto currency. Also you must not trade or invest based on emotions, it will let you make wrong decisions only. My advice is that you keep learning and developing yourself daily; always dyor

[adzino]

This is so true. Most of them who loses everything in crypto currencies are the one who doesn't understand how the market works. They are the ones who think "you can make quick profit within few days". They are the ones who "looks for" projects that are getting pumped 10x. Little do they know that the prices are actually being manipulated by the developers before it can be dumped. Other fail to realize how volatile the market can be and how those FUDs and FOMO causes short term imbalance in the market.
Maybe if they took time to learn all these, they wouldn't have failed in the first place.

[muenze]

The only reason I made x200 on AAVE, ChainLINK and others is because i bought them EARLY.

People SERIOUSLY think they can make x200 on ETH lol how is that possible when millions of people bought it for $1 before you?

You need to look and research LOW CAP projects like KoinOS (Uniswap) and Banano (Mercatox and others) if you also want to make x200

[FanEagle]

One mistake many people make is trust whitepaper and website. Thats easy to write and make it look good. The more important thing is a great team because a great team can even make something great out of a bad idea because they just improve their project and their idea and keep thriving forward to create value for everyone. I hope KoinOS can do this, its still pretty cheap.

While a bad team will even run a great idea into the ground and just be lazy or not competent enough to build something great.

Also some teams can be toxic like when the CEO puts all his relatives in the team despite no experience or comptence and they threat the really valueful people (the blockchain devs) like crap, the blockchain devs will not be very motivated to build something great.

One good way to spot a good team is to watch their youtube videos. The more team members who have videos and talk about their project the better. KoinOS does this, and when I first check out Nexio, Chainlink, ETHlend (Aave now), they had this too.

Those whitepaper, team, website type of basic things could be mastered if you do it long enough. If you read too many whitepapers you will see if the new project you are looking at stole it from some other one because since you read many before that, you will know most famous ones, secondly if you do check the team and see how they work and where they have worked, you will soon realize that it doesn't matter and you will start to work really hard on finding something else because even people who studied at Harvard, let alone studied actually teachers at Harvard could build bad projects so you check other stuff.

Moreover, you realize the only thing that matters for the projects is if there is community behind it, if there is a community behind the project and everyone buys it, that means they will be capable of actually going up in price, nothing else matters.

[angrynerd88]

There are Pros and Cons of Every business, The greatest impediment is having a cryptocurrency based on fomo and buildup that develops and isn't followed any advance. Most of us as it were know around cost increments, and do not know much approximately what cryptos are exchanging. it is as well driven to as it were see the benefits without considering showcase movements.Cryptocurrency is not for getting rich day and night but deep knowledge and slow steady wins the race.

[Mahanton]

I don't think so much friend, maybe if you say 30% or 40% failing still makes sense, everyone is now smarter than before and many of them already have a lot of knowledge to analyze projects and determine investment, new people now of course have. have a professional mentor before joining crypto

We can't blame all the people. 99% people seems to be exhausted one. It may be 30-40% or 50% maximum.But all of them are new comers to the field. Mostly the new traders do of panic selling and miss their profit from the investment. It should be avoided by the traders. If they eliminated from their trading, surely they will get double or triple of profit from their investments.

You might really loss tons of money but the learning that you would get from it is priceless thats why quitting up or surrendering isnt really a solution just because you dont
like to lose even more money does mean that you wont continue to trade in spite of your current condition.Everyone do start on being a noob and people should  really remove that kind
of mindset on where they cant able to learn up things.Put in mind that if others do able to do so then why cant you? Failing is always been part of one who had been progressing.
You would make yourself even more better out of those failures, you wont grow if you wont experience these things and later on you would really be aware on what are the
things could possibly happen if you have already gain sufficient experience.

[Festac]

Crypto is like a gamble you can not always get it right no matter how smart or good you are, crypto can be fully understood but it's movement is so unpredictable, that's where crypto is very hard to predict, don't blame those that failed in crypto space cos what falled them down can make anyone to fall as well

[coinporch]

These are my current favorite picks after checking out 100s of projects.

Interview with world leading KoinOS Blockchain developer
https://www.youtube.com/watch?v=kO_h8Mtl5po
https://www.koinos.io/

Fork of Nano (more fun, still cheap)
https://banano.cc

Feel free to post other very cheap projects that have an active community and a great team and that may
revolutionize crypto some day!

Ones where Wallstreet/Banks/Whales are not invested in YET.

i think your alts above is under the radar, because the cap from both altcoins still under 5 millions
and maybe i will try to learn one of both alts before decide to drop my money for sure

[ivankoh]

Arguably so.  I see that a large number of investors are less knowledgeable but very active in trend.  They can hold any coin and can trade with any coin that is trending up.  They take risks and do not stop doing it until they are not patient.
In fact, success in the crypto market needs necessary and sufficient conditions and covers many factors.  if you don't try to do this, it's very difficult to make a profit.

[ringgo96]

the investment you call is a risk. we should choose a low-priced altcoin with the hope of a big increase. and the $ 1,000 is large. we all prefer to buy clear altcoins with high trading volume. don't want to take the risk of new coins / tokens whose trust is still not there and also in low volume. Ethereum is an example of an altcoin that has been successful at this time and is experiencing a big rise. why do people still buy because they now need and have also believed in the market as the platform works

[aemma]

It is actually good to believe in a project and the idea within it, but one of the challenges so far is the team. A lot of people once trusted most projects team who they thought would bring good innovations, thus resulting to a successful public sale but what did they gained in return, exit scam, so many people have learnt the hard truth thus the reason they are always careful and you can't blame them. Another issue with most projects nowadays is hype, a good number of them have nothing to offer and the best way to go forward for them is through hype and this resulted to a lot of pump and dump projects, as well as to a lot of dead projects.
However, I understand your point, most projects that investors invested in when they were less in price and still coming up, which then later turned out great, rewarded those investors, at least many good projects today started that way; nevertheless everyone needs to be careful of most upcoming projects because very few are genuine.

[jostorres]

I don't think so much friend, maybe if you say 30% or 40% failing still makes sense, everyone is now smarter than before and many of them already have a lot of knowledge to analyze projects and determine investment, new people now of course have. have a professional mentor before joining crypto

We can't blame all the people. 99% people seems to be exhausted one. It may be 30-40% or 50% maximum.But all of them are new comers to the field. Mostly the new traders do of panic selling and miss their profit from the investment. It should be avoided by the traders. If they eliminated from their trading, surely they will get double or triple of profit from their investments.

Newcomers could be blamed as well, because they do not do what they suppose to do. If you are new to something, what do you do? You end up with actually working towards getting an education out of it, not a degree in school type of one but at least read about it and learn about it. Crypto is not something you can find in books (well there could be some but they are useless) so you should read things online, watch videos, and basically all around learn about it and how you could get better. Without that type of situation we are not really going to make any profit.

However if you really study it, learn it, practice it and then you start to trade? You are going to be great from your early trades to last ones. But the newbies are not doing that, they are fixated on the profit and they keep trying to focus on the profit and never the learning part.

[Cling18]

Some investors who take the risks without even having enough knowledge about cryptocurrency are just those people who have been carried by the hype and the trend which usually leads to losses. Crypto investment couldn't make us rich instantly and it takes a lot of courage to study and learn the ways on how to deal with every market situation. Failure is a part of investment but we could get rid of it by being knowledgeable about the market.

[muenze]

A lot of people once trusted most projects team who they thought would bring good innovations, thus resulting to a successful public sale but what did they gained in return, exit scam

Yeah I fully agree. Its not even just exit scams I think many people just are not capable to have a huge vision like Elon Musk or Jeff Bezoes for their project in crypto. But its not just in crypto, in the "real" world also 90% of startups fail, in crypto its more of course since its so easy to create a coin or token.

Thats why for me the most important value with a project is the team and that theres some things that make them better than the competition. Thats why I bought Link, Aave, Doge very cheap a long time ago. But its become really hard to find such promising new projects now.