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Author Topic: No where is actually safe  (Read 1180 times)
The Cryptovator
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November 29, 2021, 12:49:52 PM
 #41

Most of us who want to make money from the cryptocurrency industry don't have any proper knowledge of how actually cryptocurrency works. Just forget about technologies, no one bothering to learn. We think cryptocurrency is a quick rich method that leads us eventually to loss. Although cryptocurrency isn't a Ponzi scheme, but it's the circulation of public money. Today with me, tomorrow would be with you. Means just changing hands, if you are lucky you can cash out during profit if you are a holder. Trading means I am losing you are gaining or reversing it. Everyone wouldn't or shouldn't be a gainer here. We can't say sade anyway, in every business has a risk of loss. So it's not out of the risk to invest in cryptocurrency.

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November 29, 2021, 01:53:30 PM
 #42

In business, nothing can be considered as safe. Because ups and downs are the common features of the business and also whenever you are making profit from a competition it means someone is doing loss and you are getting it as profit. This is called the competition of the business policy and I think every business is done by following this. I am a crypto trader and also I have some physical business. So this is my thought about your statement.

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November 29, 2021, 02:00:23 PM
 #43

Whatever sector is considered profitable, it all comes down to relative to the person and how they respond and manage it well. This does not necessarily mean that crypto is profitable, nor is it detrimental either. Only intelligence and ability in terms of understanding what aspects support it. As with the most important thing is knowledge, it doesn't matter how one makes a profit from cryptocurrencies, stocks, gold, property and things that add to the financial amount. It depends on the management, because in the end it is our level of foresight that drops the money.

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November 29, 2021, 03:23:41 PM
 #44

every business there must be a risk, as well as crypto, safe or not safe in running any business there must be someone who makes a loss
in manual business I think the risk faced is very simple compared to crypto where if crypto experiences a decline in price and the capital we have minus is too deep, we may experience bankruptcy and wait for 2 = 4 years to recover
but for manual business the level of risk is arguably lighter because the biggest loss is from the fact of human error and usually one business has security insurance against things that are detrimental
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November 29, 2021, 03:29:00 PM
 #45

Most of us who want to make money from the cryptocurrency industry don't have any proper knowledge of how actually cryptocurrency works. Just forget about technologies, no one bothering to learn. We think cryptocurrency is a quick rich method that leads us eventually to loss. Although cryptocurrency isn't a Ponzi scheme, but it's the circulation of public money. Today with me, tomorrow would be with you. Means just changing hands, if you are lucky you can cash out during profit if you are a holder. Trading means I am losing you are gaining or reversing it. Everyone wouldn't or shouldn't be a gainer here. We can't say sade anyway, in every business has a risk of loss. So it's not out of the risk to invest in cryptocurrency.
Wait, looks like you're starting to ignore what analysis is.  Cheesy

Trading and investing requires us to do analysis if we want to invest in assets that can really bring us profits. Without analysis, I think we are only gambling with price volatility because in the end we only hope that it will be full of luck that will bring big profit. I don't think this is good, although I'm sure not all of us will make a profit at the same time. If you believe that trading and investing is not a get rich quick scheme then it should be a good capital analysis before doing it.

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November 29, 2021, 04:29:11 PM
 #46

If you really want to invest and 100% guaranteed to make a profit, then put your money into savings account in your bank. Right now USA has like 0.25% yearly places when inflation is over 5%+ for sure. You may reject the idea but inflation is definitely horrible there right now as well. Which is a proof that savings account doesn't even make you a profit, you are losing money because of inflation, just because the number went up doesn't mean you are now richer, in fact you are poorer in that case.

This means if you are taking some risks and investing in other stuff then I have to say it is definitely a lot more possible that you could get richer as well. Maybe not everyone realizes this, but the reality is that taking that risk equals to finally being over inflation and finally getting richer. This is why "safe" is not the way you want to go.

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November 29, 2021, 05:04:08 PM
 #47

Unlike in the 70s and 80s where you will just decide to pick and investment, fund the investment sit back and relax while waiting for 10-20years before one can reap the fruit of their patients and hardwork put together but since crypto is very good at given high returns and mouth watering profits, many have decided to take crypto as means of meal ticket to richness which is the other way round. Bitcoin or rather crypto in general might have help to beat value against inflation but 50% of people buying them today are doing so to get wealthy and not concern about the  technology and this is why they panic when the price fall.
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November 29, 2021, 05:20:51 PM
 #48

In fact, if you say safe, in all aspects of life it contains risks and in the sense that it is not safe.
despite all that happened this is to me is the same as life where the strong survive here.
Those who can manage well and manage everything well will benefit and those who just want to join in, then they will lose and lose.
we all will not get the same advantage here, depending on our intentions, determination and patience. when we are able then we will win when we are not able so don't expect you to be rich by being here.
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November 29, 2021, 06:46:53 PM
 #49

~~~
Maybe you are right, but people who are interested in crypto are starting to no longer trust their money in banks because they are starting to realize about financial privacy. Personally I admit that it is a good choice because the security is guaranteed, but the amount of annual interest offered is not worth the amount of money we save.

If I'm not mistaken, it seems that since 2017 until now I also no longer have a lot of money in my bank account. I try to invest it in assets that can benefit me better like crypto as well as gold.

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November 29, 2021, 07:38:14 PM
 #50

In fact, if you say safe, in all aspects of life it contains risks and in the sense that it is not safe.
despite all that happened this is to me is the same as life where the strong survive here.
Those who can manage well and manage everything well will benefit and those who just want to join in, then they will lose and lose.
we all will not get the same advantage here, depending on our intentions, determination and patience. when we are able then we will win when we are not able so don't expect you to be rich by being here.
I agree with you. The point with bitcoin investment is that it has became a safer option when compared to some traditional investments which return inferior annual interest when compared to the inflation for that same time period. While you have bitcoin investment which can generate you profit or not (there is a possibility implied), you have those another investments which are sure to make you lose money due to the reason presented previously (inflation). So between the uncertain profit and the certain of loss, I prefer the uncertain one, that by the way is working really well.

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November 30, 2021, 04:59:06 AM
 #51

In fact, if you say safe, in all aspects of life it contains risks and in the sense that it is not safe.
despite all that happened this is to me is the same as life where the strong survive here.
Those who can manage well and manage everything well will benefit and those who just want to join in, then they will lose and lose.
we all will not get the same advantage here, depending on our intentions, determination and patience. when we are able then we will win when we are not able so don't expect you to be rich by being here.
I agree with you. The point with bitcoin investment is that it has became a safer option when compared to some traditional investments which return inferior annual interest when compared to the inflation for that same time period. While you have bitcoin investment which can generate you profit or not (there is a possibility implied), you have those another investments which are sure to make you lose money due to the reason presented previously (inflation). So between the uncertain profit and the certain of loss, I prefer the uncertain one, that by the way is working really well.
Basically I still don't understand traditional investment calculations with all forms of rules and all agreements that must be signed at once on several pieces of paper, I'm a person who is too lazy to learn this so I just want something simple and for me crypto the concept is simple and minimalist.

Regardless of profit and loss, it is a risk that must be lived.
But for me personally I prefer to be in a modern and simple investment, not many rules compared to modern ones, but we have to read all the rules and complicated with signatures everywhere
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November 30, 2021, 06:38:16 AM
 #52

In business, nothing can be considered as safe. Because ups and downs are the common features of the business and also whenever you are making profit from a competition it means someone is doing loss and you are getting it as profit. This is called the competition of the business policy and I think every business is done by following this. I am a crypto trader and also I have some physical business. So this is my thought about your statement.
Ofcourse, there's no kind of business here on earth that is actually safe and assured to make profit like a 100% guaranteed. It's very common for business to have certain risks and failures to overcome that's why proper planning of when and how to execute is the best way to atleast make more profits than losing.
Crypto industry is here to help people understand the market and economy better, it depends usually how you see it, I mean, just take some research and study it first to acquire some knowledge before putting some funds to it. Because if you don't, you'll end up losing it, it's like going to war with blindfolds.

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November 30, 2021, 06:49:33 AM
 #53

~~~
Maybe you are right, but people who are interested in crypto are starting to no longer trust their money in banks because they are starting to realize about financial privacy. Personally I admit that it is a good choice because the security is guaranteed, but the amount of annual interest offered is not worth the amount of money we save.

If I'm not mistaken, it seems that since 2017 until now I also no longer have a lot of money in my bank account. I try to invest it in assets that can benefit me better like crypto as well as gold.
I don't think so because I see people who play in crypto so far still trust their money in the bank,
of course the bank maintains financial privacy and I don't see anything suspicious being done by the bank,
but it all comes back to each individual that they still trust the bank or not

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November 30, 2021, 08:03:18 AM
 #54

Whether it is business or cryptocurrency everything has got risks. Leaving a business and investing completely into cryptocurrency isn't a good choice, because as a beginner it takes time to get adopted to the market and start making some profit. If I'm not wrong, the learning and the knowledge about cryptocurrencies is the one that makes the portfolio safe. Initially investing a little and further adding more once after experiencing and learning about profit making is the wise decision.

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November 30, 2021, 09:18:23 AM
 #55

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.
But same as crypto, manual businesses you are talking is also not an easy thing, I have my small business in my location and comparing this two, crypto investment is much easier and faster to earn than offline business. In business you need a capital and a lot of hardwork to become successful, you really need to manage things differently. The only strategy I saw to invest in crypto successfully is when the market is like -50% or even higher and then hodl for some years  for a long term investment. For everyone not to lose money in crypto you need to be really wise and have patience. 

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November 30, 2021, 10:22:35 AM
 #56

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.
It is to say that many people got stupid and this implies that people are too greedy. Then, they lose and make blame others, not themselves.

Quote
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.

Well, I hope that everyone knows about it and clearly understands what is "risky" means.
Coz majority that is investing in crypto now have no knowledge. They mostly just brag and get influenced by others talking and showing money out from crypto. They might be telling the truth but they also send people to lose their money.



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November 30, 2021, 10:41:57 AM
 #57

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

Diving into cryptocurrency is one the best thing that happened in my life and I agree that nothing in this crypto world is safe even with bitcoin itself, but before that we must know that everything you invest you should know that you can lose everything that you invested. There's lots of people already adopt bitcoin as their payment and not a little too someone who wants to crush it with their power.


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November 30, 2021, 12:03:20 PM
 #58

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.
But same as crypto, manual businesses you are talking is also not an easy thing, I have my small business in my location and comparing this two, crypto investment is much easier and faster to earn than offline business. In business you need a capital and a lot of hardwork to become successful, you really need to manage things differently. The only strategy I saw to invest in crypto successfully is when the market is like -50% or even higher and then hodl for some years  for a long term investment. For everyone not to lose money in crypto you need to be really wise and have patience. 

Not an easy thing to the extent that there are so many competitor in the industry that's why this should never be comparable to crypto investment since for me this is different criteria knowing that both of them have different risk. Although there's a high chance for us to earn huge on crypto but we can't deny that the risk to lose is so huge also. While in our business we can solve the problem if there is and we can scout to see the demand in certain areas and improve what we built.

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November 30, 2021, 12:18:41 PM
 #59

One thing that really guarantees you in the world of crypto and blockchain is by losing money due to market volatility. We are not guaranteed to profit, but losing is guaranteed. It’s the reality nowadays. In order for you to be a winner, you have to decide and trade smart and not just harder. But still no matter how smart you are, there are no astronomical guaranteed returns or promises because of the unpredictable movement of the cryptocurrency market.

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November 30, 2021, 01:24:52 PM
 #60

My friend once told me, "it will only become difficult if you don't know how to play them". And I agree to him.

Crypto investment is so difficult because we don't truly know how to play it. Its just that, most of us assumed that we know how to play this but actually we don't. So why? I think it is because we lack knowledge. There's a lot of technical things in crypto investment and not just throwing money anywhere where hype exist.

And you know what, you're right there is no safe place here in crypto and even outside crypto. There will always be a risk either crypto investment or not. But we can limit the chances of us losing money if we equipped ourselves with the right knowledge on whatever it is we are involve.
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