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Author Topic: Beginners dream world.  (Read 213 times)
Caross (OP)
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April 07, 2021, 02:28:39 PM
Last edit: April 07, 2021, 02:42:57 PM by Caross
 #1

With the rise in the cryptocurrency market so many adoption have been made, some are institutional adoption and secondly the individual adoption.
But will like to focus on individual adoption due to the fact that larg number are coming into cryptocurrency because they saw it as an investment for get rich quick,  while few others have the knowledge of cryptocurrency user case, in all dont get greedy use what will not hurt you to lose. BTC is not a get rich quick scheme it's a journey.
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April 07, 2021, 02:41:56 PM
 #2

With the rise in the cryptocurrency market so many adoption have been made, some are institutional adoption and secondly the individual adoption.
But will like to focus on individual adoption due to the fact that larg number are coming into cryptocurrency because they saw it as an investment for get rich quick,  while few others have the knowledge of cryptocurrency user case, in all dont get greedy use what will not hurt you to lose. BTCis not a get rich quick scheme it's a journey.

Absolutely correct most newbies now have joined to become rich without even understanding the concept. They came with the mindset that Bitcoin is a get-rich-quick scheme and they are the ones who will lose their money first and blame Bitcoin for their failure. Most of them do not even know the history of Bitcoin, someone might have suggested to them that it is a good investment option to earn quick returns and they invested in it without even knowing the risk.

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April 07, 2021, 03:41:49 PM
 #3

Greed always everywhere give us a negative result at the end. In crypto mainly newbie do this mistake forcing by their greed. At this moment when btc is already rise some x from the LTH from this year. Normally they think this will rise again and this is the last chance to be rich. Invest such moment and when it start dump to do some correction they do panic and get out with lose instead of profit. But who has some experience and know how the crypto market work they normally do not do that/reduce their lose if they mistakenly do it.


* we have to remember that money is not easy.

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April 07, 2021, 04:01:00 PM
 #4

Been greedy is not bad at all, it's using it the right way that many people failed to understand, we can't remove greed in us but we can control our greed and use it when needy, crypto investment is all about timing, same thing for traders too, know when to opt in and know when to opt out, even if you have to gamble then you should understand that there is 50/50 chances here, so gamble with what you can afford to lose only
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April 07, 2021, 05:13:19 PM
 #5

Do you know why most newbies losing money into Bitcoin? It's not just for greedy behavior, there also a lack of proper knowledge about Bitcoin and cryptocurrency. Most of the small investors don't know the aim of Bitcoin or the technology of Bitcoin. They consider it as a profitable asset and eventually lose funds. Often we have been seeing many claims those lost funds by investing in Bitcoin, they thought its a quick rich method which is totally wrong. We should watch unrealistic dreams by the way. We have to go with the trend.

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April 07, 2021, 06:29:41 PM
 #6

With the rise in the cryptocurrency market so many adoption have been made, some are institutional adoption and secondly the individual adoption.
But will like to focus on individual adoption due to the fact that larg number are coming into cryptocurrency because they saw it as an investment for get rich quick,  while few others have the knowledge of cryptocurrency user case, in all dont get greedy use what will not hurt you to lose. BTC is not a get rich quick scheme it's a journey.

Bitcoin or cryptocurrency is obviously getting recognized by a lot of people because they are the best investment right now, even better than stock or any other investment that you could make.

A lot of people surely are gonna lose some money when investing in cryptocurrency because it almost like a gamble as we know the risk of investment in cryptocurrency, we will always have winners and losers.

The thing is people just have the wrong mindset that it is so easy to earn or become something like a millionaire in cryptocurrency that is why people easily lost money, I mean it's possible not it's not gonna be easy for sure.

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April 07, 2021, 07:05:14 PM
 #7

They buy because they see the news and the people who are sharing how much they've earned with cryptocurrencies. And that's what we call "hype".
It's not new and it happened the same time during 2017-2018 bull run for bitcoin and for altcoins. Many have bought at the peak and they've been stuck from that year up to 2019-2020. But what's good today is this bull run is entirely different and can no longer compare in the past bull.

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April 07, 2021, 07:21:15 PM
 #8

BTC is not a get rich quick scheme it's a journey.

Yeah, the journey of Marco Polo, right?
What is this poetic journey you try to paint over buying some coins and keeping them in a wallet?
It's nothing like that, if you plan on making profits its the usual investment when you wait to sell higher than the sum you bought for, if you're a user and you use BTC daily it's just the usual life, you pay with BTC and not with fiat. No heroic feats required.

I wonder why some try to find fault in the getting rich scheme and are not sincere about it, common, if BTC wouldn't have risen in value by that much and got stuck at 2$ probably 99% of the users wound't be here, probably even I would not be around, who knows.
There is no shame in trying to make a profit the same should be in ignoring what it has to offer on top of that and not caring about it.

But what's good today is this bull run is entirely different and can no longer compare in the past bull.

And you're so sure of this because?

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April 07, 2021, 08:09:46 PM
 #9

But what's good today is this bull run is entirely different and can no longer compare in the past bull.

And you're so sure of this because?

Dude! Way to burst his bubble!  Cheesy
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April 07, 2021, 09:04:13 PM
 #10

With the rise in the cryptocurrency market so many adoption have been made, some are institutional adoption and secondly the individual adoption.
But will like to focus on individual adoption due to the fact that larg number are coming into cryptocurrency because they saw it as an investment for get rich quick,  while few others have the knowledge of cryptocurrency user case, in all dont get greedy use what will not hurt you to lose. BTC is not a get rich quick scheme it's a journey.

Self-discipline is what matters. Being greedy can be helpful as well, as some people are too scared to take risks hence when they tried to be greedy, they would then realize that it lead them to take a leap of faith that they were afraid of. I, myself, let the greed to run everytime I've already researched onto some projects to be invested or some coins to buy, as most people tend to see fear as their friend and greed as their mortal enemy.

Yes, beginners's common mistakes are looking way forward on profits, without even considering to take things slow and safe. Hence, once he/she is disciplined enough, all of those greed and fear could be his friend, his tool, and his crypto journey companion.
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April 07, 2021, 09:54:00 PM
 #11

I would like to hope and think that the newbies who see Bitcoin as a get rich scheme
will come to learn more about Bitcoin, how it works, its benefits and develop some
belief in Bitcoin for the future, the long term or simply use it as a

savings account in cyberspace

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April 08, 2021, 03:24:18 AM
 #12

With the rise in the cryptocurrency market so many adoption have been made, some are institutional adoption and secondly the individual adoption.
But will like to focus on individual adoption due to the fact that larg number are coming into cryptocurrency because they saw it as an investment for get rich quick,  while few others have the knowledge of cryptocurrency user case, in all dont get greedy use what will not hurt you to lose. BTCis not a get rich quick scheme it's a journey.

Absolutely correct most newbies now have joined to become rich without even understanding the concept. They came with the mindset that Bitcoin is a get-rich-quick scheme and they are the ones who will lose their money first and blame Bitcoin for their failure. Most of them do not even know the history of Bitcoin, someone might have suggested to them that it is a good investment option to earn quick returns and they invested in it without even knowing the risk.
exactly.. they just blindly invest...

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April 08, 2021, 08:15:05 AM
 #13

If you treat Bitcoin only as a get-rich-quick scheme, without understanding all the risks, then disappointment will be an inevitable consequence. Today there are a lot of newcomers who are in a hurry to give money to anyone who only beautifully promises them a profit. In addition to the fact that it is necessary to know how bitcoin works and that it is impossible to predict its future, it would also be important for beginners to know that there are always and will be scammers who are ready to deceive them. If you are always skeptical about the promises of benefits, realizing that nothing is free, the risks of losing your money will be much less. But unfortunately, people do not want to learn from other people's mistakes, they begin to read instructions for something, only after losing money or making many of their mistakes.

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April 08, 2021, 08:46:37 AM
 #14

Its a fact that many people engage themselves in crypto with a mindset of getting rich quick. This is because of the popularity and adoption especially when bitcoin move upward again and reach new ath after few years. People are thinking crypto is the best investment compared to other investment out there because of early investors and those who managed to buy at low price and hold until the bullrun happened and earned a lot.

Well we have our own way of thinking on how to take advantage crypto and it depends on us if we treat it as investment or currency. Lets just keep in mind (especially for newbies) to not forget that it has risk like any other investment and knowledge is the key to better understand its nature.


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hugeblack
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April 08, 2021, 09:07:07 AM
 #15

Always remember, Bitcoin is not a way to get rich quickly, it is about how to not going poor quickly.
Dreams can be made in currencies with small capacities, which can rise 1000% in a short period, but this type of investment is considered high risk and may lead you to lose a lot of money.

Upgrading your financial intelligence is the solution to getting rich quickly, but you need to invest in your mind for a few years before you can achieve profits.

Bitcoin is one of the solutions, but if you intend to invest, you must study the market or invest in the long term.
passwordnow
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April 08, 2021, 10:19:50 AM
 #16

But what's good today is this bull run is entirely different and can no longer compare in the past bull.

And you're so sure of this because?
It has given us a higher high and a higher low.

I would like to hope and think that the newbies who see Bitcoin as a get rich scheme
will come to learn more about Bitcoin, how it works, its benefits and develop some
belief in Bitcoin for the future, the long term or simply use it as a

savings account in cyberspace

https://twitter.com/michael_saylor/status/1339567288547241985?s=19
They'll learn about it eventually, it's not that they'll forever look into bitcoin just like how they've met it for the first time. There were a lot of skeptics that have changed their minds towards bitcoin and became an investor eventually.

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Mr.right85
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April 08, 2021, 10:15:59 PM
 #17

Like every other fields, its always a journey. The journey from not knowing to actually knowing a thing or two about the field of interest. Thats exact the same fir the crypto field and even the forum. You can see how the forum has strategies to rank up others while, the other people remain below based on how active they are and how much they know. So, as you dream of going pro and winning big with cryptos, you have to put in work and stay true. Its a process and everyone has to go through it.
With the large investors and small investing going on with bitcoin and other cryptocurrencies, it has become everyone's dream that one day, the cryptocurrency would be widely accepted and perhaps, it would be bigger than we all imagine it to be.

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Rengga Jati
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April 08, 2021, 10:22:14 PM
 #18

Beginner dream world:
Looming other people rich because of crypto -> dreaming also about being rich soon because of crypto -> putting much money into crypto without any analysis the risks -> trapped by the Fomo/scammer -> lose much money -> disappointed of crypto and blaming crypto - spreading fud about crypto because losing much money.

Well, yeah, many newbies are trapped of their own dream world about being rich from crypto, getting much money from the profits of crypto, and never think or consider the analysis and also the risks. that is very often happening so far. Greediness and also panic sell or buy also become the main factors


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Darkelf11
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April 09, 2021, 01:48:24 AM
 #19

When newbies joined to the cryptocurrency they think they can earn like the others with a large amount because this is what they saw every time they hear and see the word bitcoin, cryptocurrency, and trading but this is a mistake that's why they got to fail to their investment because they follow other people, not themselves they just relying on the statement of other people. It's better to decide on your own to avoid creating mistakes.

Explore more the world of cryptocurrency and then you will see a lot of benefits.
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April 09, 2021, 07:58:00 AM
 #20

Almost every crypto newbies have greed in them and I was once like this until I make some mistakes, crypto requires long term learning and the only safe rushing zone for newbies is investing on top coins like BTC, LTC, BNb etc only, they can do this and face studying more about crypto, to trade or invest in new coins can't be rushed, it requires long term learning

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