No where is actually safe

[Zilon]

Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.

I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.

If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses

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[Bitcoin_Arena]

Simple rule is, While you are making profits, it means someone has made a loss. It's how markets are. Not everybody is going to make profits. The smartest win while the dumb ones lose.

For example the current bull run favours the smart ones who bought during the market. The dumb ones who are buying now due to FOMO might make losses should the market reverse for long periods of time.

[Darker45]

You know what, I don't agree. The rule is actually simple; you buy Bitcoin and keep it safe. That's all there is to it. What's not easy with that?

The thing is that people are complicated. We want to trade. We want to analyze charts, develop patterns, make strategies on the best entry and exit points, and so on. We want to invest in altcoins for better opportunities. We get into ICOs, IDOs, DeFi, staking, and so forth. And we are emotional, too.

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

[traderethereum]

If people invest in crypto without the right knowledge, they will not profit, even if they save it for a long time.
When you buy a coin, you should know why you should buy and not follow what other people suggest because they can not always be right.
But if you hold bitcoin for a long time, you will have a chance to make a big profit and we already had seen that when we bought bitcoin in 2015 and held it until now, we can see how much money we have can earn.
Research is important before you try to be involved in any investment, not just in crypto because that can help you decide.

[Rruchi man]

Many are living their businesses to turn to crypto with the mind of joining the trend

If it's your business, I see no reason leaving your business that you started to face crypto when you can actually do both and be at an advantage, get money from business and invest in crypto.

But the truth remains crypto investment is more difficult compared to manual businesses

What truth please, this is not completely Correct OP, this is a wild generalisation. There are different kind of businesses worldwide, some easy, while others difficult to run/operate. The level of difficulty of a particular business also varies from person to person, that is a business difficult for you, may not be difficult to another. Some persons have even also built a business around crypto and even consider crypto investment a business, so i think the comparison is out of place.

[SatoPrincess]

I think people are attracted to crypto because it is a disruptive and growing market. There is so much to be made from it.
Those that quit thier jobs to trade/invest in cryptocurrency do so because it offers them the freedom to work remotely from anywhere. The younger generation do not want the 9-5 life they want to control at thier own pace. This is why I think metaverse is such a buzz

[israt1@]

No business is without experience. All businesses have profits as well as losses. If someone thinks that cryptocurrency is very easy then no one is stupid than him. But if he has to learn it, it will be very easy for him. If someone invests in crypt then he will lose all his money. So learn first and think invest.You can learn everything by spending time here without any money.

[Zilon]

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. This where the technicality that blows down account within seconds comes in when the analysis goes wrong. To decide when to sell and when to buy back so you don't get trapped in the whale is the deal. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky

[Anguwa]

Some people really thinks that crypto trading is the easiest way to make money in short period of time, not knowing that the strategies of normal trading is also involved in crypto trading. The truth is that is not everyone that invest will have profit, the game is either gain or loose. But nevertheless crypto trading has been a survival source for many people from different locations in the world, and also has been the source of some people failure due to lack of learning and patience.

[Darker45]

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. This where the technicality that blows down account within seconds comes in when the analysis goes wrong. To decide when to sell and when to buy back so you don't get trapped in the whale is the deal. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky

First, we have this one:


https://twitter.com/BTC_Archive/status/1462071760766001152

This is the reality that amidst its volatility, Bitcoin's price is actually going up higher and higher if you look at it from a couple of steps back. If you zoom in, there's really a wild price fluctuation. If you zoom out, you will feel really comfortable about HODLing, because there is an obvious price appreciation.

Second, you mentioned about the possibility of getting rekt when the analysis goes wrong or if you got trapped in a whale's decision. In your own words, crypto is just too risky. But what does that really mean? It means Bitcoin's price could rise and fall big time any minute of the day and that it is unpredictable. It is, therefore, very risky to play with its short-term price. But such risk is virtually non-existent if you widen your time frame, say, 5 years or a decade. Which leads me to ask, why should you court risk when there is a much safer and even sure way of making money without really doing anything.

[adaseb]

Simple rule is, While you are making profits, it means someone has made a loss. It's how markets are. Not everybody is going to make profits. The smartest win while the dumb ones lose.

For example the current bull run favours the smart ones who bought during the market. The dumb ones who are buying now due to FOMO might make losses should the market reverse for long periods of time.

This depends on the timeframe. For most short term investments, this is considered true, its a zero sum game out there. However for people with IRA and long term investments it doesn't mean one of the players needs to be a loser.

Someone 100 years could of bought a stock as an IPO, and they sold at a profit 25 years later to someone else, then that party sold to someone else at a profit 25 years later. And thru the generations each individual sold at a profit and the current owner is also sitting at a profit.

As long as the company doesn't go bankrupt and keeps making money... each investor makes money. Obviously the last investor will lose if the company goes belly up.

[Jawhead999]

although one can attest to the fact crypto isn't ponzi

I disagree, there're many ponzi scheme on altcoins this one example

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky

Disagree again, Holding is the best for Bitcoin more over if you combine Holding and DCA. You may not earn too much or loss too much, but at least it will minimize the fluctuation price. If you don't like fluctuation... I think Bitcoin, altcoins, forex, etc isn't your friends.

I'd prefer to hold Bitcoin over fiat because every months fiat value always inflated.

[Wexnident]

I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.

I'm pretty sure that's every investment out there is? Only dumb people would invest with the mindset of actually profiting off of what they invested immediately, turning their $1 to millions in an instant, but hey, a man can dream amirite?

If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses

It's not just crypto investment, it's every business that's difficult if you are dumb and don't really study what you're going to invest in. Crypto has a lot of room for one to actually profit if you're one of the early investors. Heck, I'd still consider this time as an early investment really. Though as others have said, if you're winning, someone else is also naturally losing, that's how trading works after all.

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. This where the technicality that blows down account within seconds comes in when the analysis goes wrong. To decide when to sell and when to buy back so you don't get trapped in the whale is the deal. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky

So you mean that you should hodl when the price is stable? I don't see how one can profit that way though. Besides, zoom out a bit, and try saying again that hodling isn't the best for Bitcoin lmao.

[so98nn]

Simple rule is, While you are making profits, it means someone has made a loss. It's how markets are. Not everybody is going to make profits. The smartest win while the dumb ones lose.

For example the current bull run favours the smart ones who bought during the market. The dumb ones who are buying now due to FOMO might make losses should the market reverse for long periods of time.

Well, its tricky market I would say. Because many of them are actually thinking about this as excellent opportunity to buy whether it is FOMO or whether it is just another correction from those thousands which already happened. Moreover it even does not matter if it is because of some big billionaire playboy is dumping while he sniffs the cocaine from the table.

So obviously its not safe, it's just the way it is. Since the market was initiated a decade ago peeps are talking about this ponzi schemes all the time. First bitcoin was also declared as the Ponzi scheme and everyone is looting the buyers in first place.

Turns out that it was not ponzi as the whole world wants bitcoin and wanna bag as much as they could in short period of time.

Yup its not safe, but it works; you just need to be careful where you donate your money.  

[josephdd1]

Crypto requires a lot of time and knowledge. I know some safe ways how to make money on crypto. First of all, staking and yield farming on reliable platforms, just passive incomes. Secondly, holding mainstream currencies, passive income again. But if you don't have a big capital to invest a lot, there are some more dynamic activities such as ambassador programs and keeping nodes.

[TheUltraElite]

I think the point here is to keep a balance between FOMO and Logic.

The increased social media coverage of crypto makes people feel the FOMO and that makes them buy some assets in crypto using their own assets. However it is completely a correct statement to say that no investment is a safehaven and in fact the term safe haven is inappopriate when it comes to asset classes. Research on what you are investing has importance that no investor understands till it is too late.

Therefore it is a wise choice to know where you stand, what your country is doing about crypto and how you can take advantage of that. It would not be wrong to collect crypto from different sources and keep them aside if in future your country becomes more lenient to crypto, you could sell them and get a profit then. But again for the time being, such a user should also invest in stocks, bonds, commodities and so on from the fiat markets as they wish and have expertise in.

It is important to have a backup plan for every risk taking. It provides both mental and financial calm.

[palle11]

But the truth remains crypto investment is more difficult compared to manual businesses

How do you mean on this precisely. Are you saying here that real life businesses are free from risk? This is not true buddy because every aspect of our endeavour is risk oriented and that is why some days you profit and other days you lose. No man has profit every day or the same amount of profit every day but the amount of profit varies. Therefore, online business too has this kind of model what you need to do is avoid scam sites, learn more and research better. Life is a risky also but taking a better risk is better.

[Obito]

People who think will already know this, there's no safe haven because in investment there's no such thing as safe as everyday is always a different level of risk. Maybe if you're looking at bitcoin as a long-term then you're probably wrong about it not being a safe haven but in a short-term it's right and also it shouldn't discourage anyone to not invest in bitcoin because if you aim for the long-term, you will be rewarded more than you could've expected.

[horrifiedx1]

sometimes people who join only see from the side of the benefits, without considering the risks, they look at people who have been successful before with fun stories. when they enter into investment and without sufficient knowledge, then things like that will be dangerous for them, because only then do they realize that investing in crypto is not as easy as they previously imagined

[michellee]

sometimes people who join only see from the side of the benefits, without considering the risks, they look at people who have been successful before with fun stories. when they enter into investment and without sufficient knowledge, then things like that will be dangerous for them, because only then do they realize that investing in crypto is not as easy as they previously imagined

That happens with many people out there when they see their friends or family can earn much money from crypto. They are feeling excited to do the same thing as the other people without researching what they need to do before they start. Those people only hear the happiness story from the other without thinking how hard they can earn that money. It is why many people who do not learn much about crypto will fail in the middle of their journey without coming back and trying to make money.