Fortify
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November 28, 2021, 01:15:35 PM |
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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
I think you have it the wrong way around. If a business is sustainable without any cryptocurrency involved then offering a new payment method is simply adding customers rather than overhauling the very foundations of their business. People who run businesses are normally entrepreneurial and will test out many different ways to make money, so they tend to be very experimental leading to more money. They'll also be more aware than the average person how difficult it can be to really make money so I doubt many will think crypto is somehow a golden goose that will instantly shower them with extra money. What I find interesting is how so many crypto buyers think they are somehow pioneers when many just jumped in when they saw the price going up and hoped to get rich off a continual rise with no wider thought process.
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fiulpro
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November 28, 2021, 02:53:00 PM |
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No one ever talks about relying just on crypto investments, people talk about crypto investments because at the end of the day the market is crumbling and the government itself is making very stupid decisions. Which does mean that sooner of later the value of the particular currency you are dealing with might go down, causing unrest and problems for the general public. That's when cryptocurrencies like bitcoins would come into play. People would be able to use them generally to have more options, they would also be able to explore financial freedom. No one stops you from encashing unlike most stocks where you are supposed to hold for a particular amount of time.. therefore I do think its not exactly as stable as fiat but it's giving the best returns for most investors. Patience is a virtue in this business.
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kryptqnick
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November 28, 2021, 02:58:33 PM |
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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
I don't think that crypto investment is more difficult than running a business or investing in some businesses. The fact is that while it seems like cryptos are all over the place, only 2% of the population actually use them, so we are still at the early stage of adoption. Also, while I completely agree there is no 100% guarantee with cryptos, the same goes for any other investment and, historically, Bitcoin and Ethereum have been wonderful investments so far as long as you don't sell too early. So it's a relatively safe long-term investment (as far as investments can be safe). Of course, investing in altcoins is a different story, and you can lose a lot of money, so perhaps 'crypto investment' is not the best term to describe it since it's too general.
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palle11
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November 28, 2021, 03:10:18 PM |
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therefore I do think its not exactly as stable as fiat but it's giving the best returns for most investors. Patience is a virtue in this business.
Cryptocurrency is not stable in terms of volatility but I think fiat too isn't stable because it price in global market fluctuates too either in a way that it is not noticeable. You know there is inflation affecting fiat more and that decreases the value of that fiat that it won't be able to purchase as much as it was purchasing years back even the US dollar or Pounds, Euro have not remained the same and purchasing same value years back. During the Brexit, the Euro Pounds suffered against US dollar and just recovering now, that is fluctuation but some don't know this. Cryptocurrency is volatile though because of its uncontrollable volume , fiat too gets fluctuated from time.
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Sebas.tian
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November 28, 2021, 03:55:25 PM |
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Crypto is very safe compare to other centralized currency. Obey crypto rules and regulations will help you to be more safe and remain in profit making. Many countries right now are seriously investing on crypto business because is more safe than their fiat money in the country. Those crypto investors are more safe in my community than those fiat investors who are always afraid of robbers because many of them are use to fiat money in the societies. Many government are doing everything possible to make crypto investors more secure in the community so that the country economy will start functioning and well safe to all users in the country. With this budget the government has include to give crypto users good and safe environment in my country will really improve the economy to her next level.
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Cling18
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November 28, 2021, 04:11:32 PM |
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Any type of investment has its risk and anything that is profitable isn't 100% safe. However, having enough knowledge in the risky world of crypto investment has an advantage for you will be able to know what's legit and what's not. Instability is one of the characteristics of cryptocurrency but holding reputable coins and investing with coins with a good foundation is an edge.
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Silberman
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November 28, 2021, 04:26:24 PM |
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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.
Exactly, many people never understand this fact because they think of the market as a faceless opponent, but the market is made of individuals that are looking for the same as us, so if we happen to win then that means that someone else is losing due to our more accurate predictions and actions, and if we happen to lose than that means that someone else is receiving the money that is leaving our account, it is that simple which means that the markets no matter what we do are always going to be extremely competitive and only a few will beat them consistently.
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sulendra12
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November 28, 2021, 07:04:16 PM |
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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.
True, they don't know how they feel for those people that have been losing so many times because sometimes those successful traders not necessarily share their loss publicly everytime they lose. So, people who doesn't know yet about this situation will think that trading is just an easy way to earn money from the internet But in the reality, it's really difficult.
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dezoel
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November 28, 2021, 08:18:36 PM |
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That’s the wrong mindset that a lot of people are having these days: thinking that cryptocurrency is going to be the final solution to their problem. Sometimes when I talk to people about cryptocurrency, what they always ask me about is whether they are going to get rich when they start investing in cryptocurrency and how long it is going to take them to get rich.
Seriously, I don’t like when people keep asking that kind of question, because we all know that this was not what cryptocurrency is meant for, first of all it was meant for transactions, and simply for transactions. Although the fact that it is volatile change things in some kind of ways. But, people should stop having this kind of mindset that they will get rich immediately when they start using and investing in crypto. Getting rich takes hard work and patience, and of course luck can play its own part as well.
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batang_bitcoin
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November 28, 2021, 08:48:07 PM |
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I've got a friend that approached me if crypto is a good business. I've just told him, if it's easy then everyone are already into it. I've told him the truth that it's too risky for someone like him that has no enough knowledge about crypto and is conservative about the volatility of the market. It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.
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Rent this sig space so that BTC goes to $100k.
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justdimin
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November 28, 2021, 08:50:02 PM |
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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. I would say being a worker or basically not taking risk with your money is still a better and safer way for most people. We are here and we want to get rich and we want to retire early and if I could have a million dollars right now then I would risk everything for that but that is who I am and how I think. But I know a ton of people who go to work 9-5 and be the happiest person in the world. To be perfectly honest, if you work 5 days a week, 9-5 everyday, rarely overtime, and earn enough to survive then even I would prefer that. However I know that type of job is not possible for me so I decided not to do anything about it and just focused myself to this life. What we are doing is riskier compared to salary earners, but it is also more profitable if you find it right. I can't say everyone does, there are plenty who lose money but at least it is possible to get rich this way.
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Oilacris
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November 28, 2021, 08:53:48 PM |
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I've got a friend that approached me if crypto is a good business. I've just told him, if it's easy then everyone are already into it. I've told him the truth that it's too risky for someone like him that has no enough knowledge about crypto and is conservative about the volatility of the market. It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.
Just right for us to be that sensible on whats happening around in the market on where we shouldnt really believe when it comes to those kind of approach and its true that if its easy to make profits or money into this market then everyone would really be diving into it. You are good on telling it because people do really hook up to those people who do easily get fooled to believe that it does exist or actually works but you dont know that theres some intention behind those things. Only you could actually save up yourself no matter what.
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TinaK
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November 28, 2021, 10:29:20 PM |
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I've got a friend that approached me if crypto is a good business. I've just told him, if it's easy then everyone are already into it. I've told him the truth that it's too risky for someone like him that has no enough knowledge about crypto and is conservative about the volatility of the market. It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.
I consider in a crypto market is a big ocean in which are there are small fish and the big fish, once when you at loss it means you have been eaten by a big fish which is commonly a whale. There is no actually safe in crypto, you have a good point about your friend and saved him/her from possible massive loss which is very common in newcomers in crypto. The problem is people don't understand how crypto will work, they always have this thought of always making money in crypto.
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_BlackStar
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November 28, 2021, 11:26:43 PM |
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Maybe the OP meant [no investment is 100% risk free] because I think that phrase is much more suitable for any type of investment. A safe investment is an investment that is not inherently against the regulation of the government where you live and bitcoin is generally a safe investment because only a minority of countries prohibit it.
Safe and risk-free may have different mean, but they can still be achieved with bitcoin if you don't think of it as an investment asset but as a savings for your future. In the long term bitcoin still has the potential to go higher, this has been proven over the last 10 years. However, because bitcoin is a very valuable currency, it is our duty to keep it safe from the cunning efforts of scammers.
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romero121
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November 28, 2021, 11:46:38 PM |
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Every Investment have got risk associated with it. What OP adds through the post is cent percent the reality. People have hyped it and are getting into cryptocurrency without any formal knowledge about cryptocurrencies. This is a big risk, maybe a few could succeed out of the luck and the same won't happen with everyone. These days people have begun to start some form of MLM based services in the name of cryptocurrencies. If you go find them, they even don't how a transaction is made.
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lienfaye
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November 29, 2021, 04:43:19 AM |
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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
In general, there's no easy way to make money regardless what job, business or investment you're into its always associated with risk. However we can maximize our chance to take advantage the opportunity by studying how the system works for our own benefit. If we engage ourselves in crypto, we must fill our mind with knowledge in order to better understand its nature and to know the various ways to earn.
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xSkylarx
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November 29, 2021, 06:39:02 AM |
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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
In general, there's no easy way to make money regardless what job, business or investment you're into its always associated with risk. However we can maximize our chance to take advantage the opportunity by studying how the system works for our own benefit. If we engage ourselves in crypto, we must fill our mind with knowledge in order to better understand its nature and to know the various ways to earn. This is something I agree with. Because knowledge is power, you must first learn before you can earn. I believe it applies to all aspects of our lives right now because that is the reason why we go to school and have a job, but when it comes to investing, that is something else that we learn through experience and also by reading books. When it comes to crypto currencies, I would recommend reading articles online or gaining some hands-on experience. You must decide whether or not you want to risk your money because every risk will result in a win or a loss in the end.
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Oasisman
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November 29, 2021, 06:53:42 AM |
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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
In general, there's no easy way to make money regardless what job, business or investment you're into its always associated with risk. However we can maximize our chance to take advantage the opportunity by studying how the system works for our own benefit. If we engage ourselves in crypto, we must fill our mind with knowledge in order to better understand its nature and to know the various ways to earn. Risk and knowledge, this two should come together for an individual to succeed in his financial plans in life. May it be an investment or a business. We all have our own passion that fuels our interest. Most of the successful ones are those who choose to put up business, but there were also those who have enough expertise to invest into stocks, commodity, or even cryptocurrency. However, just like what the OP said, investing in Bitcoin is much more difficult than putting up the usual business. Not to mention it's much riskier as well.
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davis196
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 29, 2021, 07:10:58 AM |
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1.No investment is 100% guaranteed to make profit.That's why there is a risk/reward ratio.Riskier investments bring bigger profits.Less riskier investment bring smaller profits.There's always a risk of losing your investment. 2.Nobody is saying that making money online is EASY.It never was and it never will be. It doesn't matter if we are talking about the crypto industry or the online fiat economy. I'm not going to care about all the delusional people,who got caught by the crypto hype,who think that Bitcoin/altcoins/NFTs will make them millionaires without them putting any work and effort at all. Bitcoin IS a safe heaven,but only if you don't panic and you don't sell your BTC,when there's a price drop.
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Leviathan.007
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 29, 2021, 12:17:49 PM |
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Nowhere is safe for investing because of the rule it says no pain no gain and no risk no reward of you cannot handle the risk of losing your money and you do not have a proper investment plan then you cannot get gain any profit over your money. Some risks are reasonable and you can somehow handle the risk for example whenever you buy bitcoins you can set your targets and set a stop-loss for your funds buy some others are not reasonable, for example when you don't know the project and what it does then you participate on the ICO with closed eyes hoping for high returns which is more like gambling.
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