What are the reasons for entering the crypto market?

[John Jefferson]

As a newbie in cryptocurrency, I first learned about cryptocurrency and wanted to start investing,The reason was that I couldn't go out during the covid-19. I happened to see cryptocurrency news on the website. I started to be shocked by their earnings. I started to invest in Bitcoin and other altcoins with my free funds. I want to ask you when and why did you start investing in cryptocurrencies?

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[Oshosondy]

I want to ask you when and why did you start investing in cryptocurrencies?

I do not see this necessary to be answered, you are still a newbie, what you should have asked is the right time to invest, do your own research, but if I'd advice you, you can invest some of your money now but not all, wait if the market price will dump more, if it dumps, then invest more but also not all, wait again if the price will dump, then invest again. When the market will rise, it will surely rise about the price it is now. But if you have have invested already, then good luck, you will not be disappointed, you will need to be very patient.

[rat03gopoh]

I started to be shocked by their earnings.

Crypto has many fields. If you came for reasons of market situation, I'm sure you've been influenced by the memecoin hype recently. You know, not everyone is lucky. People just wanna publish positive results about 10 to 100 times their profits and then they act like they know a lot and start misleading education on their social media accounts.
Technique can be learned and imitated, luck can't.

Btw my initial reasons is, I wanna expand my experience as a design freelancer, I've received my 1st order from an overseas person who paid in ETH (I forget when exactly).

[John Jefferson]

I want to ask you when and why did you start investing in cryptocurrencies?

I do not see this necessary to be answered, you are still a newbie, what you should have asked is the right time to invest, do your own research, but if I'd advice you, you can invest some of your money now but not all, wait if the market price will dump more, if it dumps, then invest more but also not all, wait again if the price will dump, then invest again. When the market will rise, it will surely rise about the price it is now. But if you have have invested already, then good luck, you will not be disappointed, you will need to be very patient.

Thank you very much for your advice. I’ve seen countless posts and comments from people who regretted not buying Bitcoin when they first heard about it. Or those who got in early and sold as soon as they made 2x profit when they could have easily gotten 100x profit. So I am now waiting for a good time. When the market fell, I bought part of it and planned to hold it for a long time. I think I need to maintain a good attitude not to be affected by FUD.

[aysg76]

As a newbie in cryptocurrency, I first learned about cryptocurrency and wanted to start investing,The reason was that I couldn't go out during the covid-19. I happened to see cryptocurrency news on the website. I started to be shocked by their earnings. I started to invest in Bitcoin and other altcoins with my free funds. I want to ask you when and why did you start investing in cryptocurrencies?

When I loose my interest in inflationary fiat and other financial assets that were giving less or zero returns and my investment were rising although but inflation was hitting hard on them.So I learned about bitcoin then from one of my friend and was keen to know about it and discover it's technical aspects and backend working and was really surprised to see how decentralised crypto could help you to boost your funds and can be used as payment source instead of fiat with no third party with transaction fees.So whatever I can afford to loose invested that much amount in that.Other altcoins don't have a special place in my portfolio but still holding them in trading prespective only.But you should only invest in the coins you have knowledge about and trust in them.The deep you know bitcoin you realise how much banks and government have control over financial status of your life and btc give you freedom from them.

[joker_josue]

I want to ask you when and why did you start investing in cryptocurrencies?

I enter this world in 2012/2013. I found it very interesting that the person could manage and maintain their own money in a simple and decentralized way.

[BullRunw2023]

To gain of course. Entering into considered as the new financial aspects that could get the chance to gain was the primarily goal of an individual racing with others doing smart decisions compared to others. Just like trading when you gain others are losing and when you are losing others too are gaining. This is why when you enter into crypto market. You should consider outsmarting others in your decision making.

[tyz]

As a newbie in cryptocurrency, I first learned about cryptocurrency and wanted to start investing,The reason was that I couldn't go out during the covid-19. I happened to see cryptocurrency news on the website. I started to be shocked by their earnings. I started to invest in Bitcoin and other altcoins with my free funds. I want to ask you when and why did you start investing in cryptocurrencies?

I dove into the crypto scene in 2011. Out of idealism, not to get rich. That's a major difference from many who dive into the scene today. They want to get rich quick without having any knowledge at all about the goals and workings of the technology. By the way, this is also the reason why so many end up making a loss. They buy when they hear about it in the news. But then it is usually already too late and the peak is already reached or is about to be reached.

[akirasendo17]

I think you already answer your question, but for me, at the start, I get curious whats cryptocurrency, my friends introduce it to me way back in 2015 2016, and I just don't want to disappoint them so I decided to give it a try, but after that, i stop, for the sake of friendship, but after 2016, I try it again and earn some money, but I never imagine I will be still here, and investing.

[michellee]

I join the crypto world because I see a chance to make money. I start investing in bitcoin and many more while the price is at the lowest price, and from that, I make a big profit in 2017 and this year. That makes me believe that crypto has a bright future, and crypto can help me make more money if I can invest more. But investing in crypto needs to be careful because cryptocurrency has high volatility and the price always change so if you do not know when you should enter and leave, you will hard to make a profit.

[Ethan151]

Wow! The crypto market it’s a very interesting one not because I’m making money from it alone but it gives you the ideal of how the market is.. it’s enlighten an individual to be updated about it’s market.

[kawetsriyanto]

There are many reasons why we entered the world of cryptocurrency.
I personally know about cryptocurrencies at the end of 2017, when it was the same as now, it was in a bullish period (although now it is like a bearish one).
many people are suddenly interested in cryptocurrencies because the price of Bitcoin or the price of other coins suddenly soars. many of them because of the hype echoed by several famous people and public figures who are very influential in the world. And people just become followers, following in their footsteps and hoping to get a lot of profit and money like them. But this is not quite true.
There are two things that must be known in the crypto world.
Never just think about the incredible profits that can be made from crypto. However, also consider the various risks when entering the crypto world because we can lose a lot of money.
So, it's better to be wiser and careful, learn more about crypto

[sheenshane]

As a newbie in cryptocurrency, I first learned about cryptocurrency and wanted to start investing,The reason was that I couldn't go out during the covid-19. I happened to see cryptocurrency news on the website. I started to be shocked by their earnings. I started to invest in Bitcoin and other altcoins with my free funds. I want to ask you when and why did you start investing in cryptocurrencies?

Why me? since you're a newbie here, it would be better if we were talking about your side.

There are different ways of having earning on investing in crypto, trading, or just a pure investment in crypto and wait until the price will go up.
And then, if you have already invested just wait for it until your profit was there or hold it for a long period of time.  Talking about altcoins, I don't have any idea which is a profitable one, IMO, Bitcoin is the best and safest investment in the crypto market space.

[Louis Harper]

I am still a rookie in the field of cryptocurrency. I entered the field of cryptocurrency mainly because good friends around me were investing in cryptocurrency. It was last year. By chance, they discussed this topic with me. At the time, I didn’t know it very well. I just thought it sounded very interesting. Later, my friend shared with me some learning websites and books. He told me that I must learn first and not rush to invest first. At the same time, I must maintain a good attitude, so I came to this forum too. In order to learn from more people, I hope you can also learn useful knowledge for you.

[cryptoaddictchie]

I started to be shocked by their earnings. I started to invest in Bitcoin and other altcoins with my free funds. I want to ask you when and why did you start investing in cryptocurrencies?

If their earnings are really shocking then its not an easy money. They have huge profits probably due to their trading gains which isnt gonna get you the same result if you dont study and learn first about on how to do the trading. Usually some newbie enters crypto without even knowing anything ending up losing money instead, saying that they are down. There are what we called good entry point and to make it smooth enter you must undergone knowledge accusation on how to do it properly by checking on some charts and some terminology and concept. Its not as easy as they sounded it. So better to be cautious.


I invested on crypto cause I found potential with it than traditional stocks.

[boyptc]

Just a few years ago. I invested and bought bitcoin because it's new to me and my mistake is that I didn't bought a lot.

Well, I wasn't even capable of buying a lot by that time when I knew it but still grateful to remain invested in bitcoin.

[Ethan151]

Thanks for such an amazing question.. firstly I will want to say a big thanks to the networking and communication companies because they acted a very vital role, I never believe bitcoin was real until I saw transactions was sent and received through this means and realized that someday the world will have a general currency, the world itself isn’t balanced because of currency differences.. I’m sure the ideal of bitcoin itself came as a result of bringing the world together for a better trading or language that everyone will understand which is cryptocurrency.. the crypto market has helped me in knowing most countries currency I have been hearing from, I get update all the time about the crypto market, crypto has made life very easy and transactions fast like never before without waiting for days for confirmation from the bank.. we are all bank managers because we run all transactions at home in our convince without stress..

[arwin100]

As a newbie in cryptocurrency, I first learned about cryptocurrency and wanted to start investing,The reason was that I couldn't go out during the covid-19. I happened to see cryptocurrency news on the website. I started to be shocked by their earnings. I started to invest in Bitcoin and other altcoins with my free funds. I want to ask you when and why did you start investing in cryptocurrencies?

The main reason is money since people want profit if someone tell that they are here for technology well we can say that is hypocrite answer since no one will go on things that they didn't get any return and many take the opportunity to grab this due to that reasons. Maybe certain institution go with the technology since they can really use it for some reasons but for other investors for sure they are been hype up by mainstream about the possible profit they can get from cryptocurrency.

[libert19]

I didn't start investing, it all started with someone mentioning Bitcoin on one Indian forum, took part in stellar airdrop sold it for peanuts then came across steemit, then bitcointalk, still doing something here and there.

[sapnu]

As a newbie in cryptocurrency, I first learned about cryptocurrency and wanted to start investing,The reason was that I couldn't go out during the covid-19. I happened to see cryptocurrency news on the website. I started to be shocked by their earnings. I started to invest in Bitcoin and other altcoins with my free funds. I want to ask you when and why did you start investing in cryptocurrencies?

Aside from the fact that cryptocurrencies are on trend that time specially bitcoin, I also entered so that I can secure my future. I have high belief that crypto will be the future currency that all of us will be using. I need to take advantage of the opportunity of knowing and learning about crypto earlier than others. I intend not to let this chance slip away and kept pushing through my investment regardless of the circumstances I may face in the way. It helps me a lot in many ways specially in my finance whenever I am able to make the right decision and hit the right timing whenever I am investing.