Crypto business isn't for everyone

[Pmalek]

And do you know that professional traders also take losses sometimes but they may gain a lot of knowledge after taking losses and survive the next losses.

People have this fetish-like obsession with trading and think that if you are involved with crypto, you have to be trading. Exchanges and trading platforms are publicly available, and too many people use them without having any idea what they are doing. Just because it's there and you have access to it, doesn't mean you should.

You can own bitcoin or any other coin without doing any trading on exchanges, ever. Trading is a sure-way to lose your money for the average joe. It's gambling. If gambling generated significant profit for players, you wouldn't be seeing so many casinos and sportsbooks everywhere. It wouldn't be a profitable business, right? No matter if we are talking about online or physical establishments. But since people are losing both with trading and gambling, it pays really well to run a casino or an exchange.

[1715196561]

1715196561

[YOSHIE]

Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.

This is a good point, the crypto world indeed some people think it's easy and simple, especially the investment part buy, hold and finish, in fact it's not.

In making crypto investments, not only buying, strategies, anti-manipulating the market, types of crypto options, negative and positive issues, price considerations, some basic crypto investment science is highly recommended to learn, If you make the wrong choice and make an investment, you may never get the expected profit.

On the other hand as you conclude right, it means patience.

[isaac_clarke22]

~

Though there would still be those Bitcoin millionaires that are we talking about and some of them are even full time. It is a good idea to still make a shares between your life savings and to crypto. It is not all about those SCs and stuffs, let it  be an example to every single 8-5s out there since you don't always get your earnings weekly and most of them are either bi-weekly or monthy.
Take some time to enjoy the little bit of those earnings for your own as well, because why not right?

[Laurendaldin]

Any business is not for everyone, I think. You need to study, research, and work hard. Understand when to be greedy and when it's not worth it. And that's fine - business is a process, not a goal, whether you trade hats or bitcoins.

[Munir575]

Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.

Because of its high volatility and inherent risk, investing in bitcoin is actually best suited for secondary investments rather than full-time employment. In my own case, I simply set aside a percentage of my regular pay for cryptocurrency investments in addition to the money I make from my signature campaign. I have life and health insurance, and I utilize Bitcoin as a form of insurance for my future savings by adding a small amount each month without ever selling any Sats from my crypto savings balance. I just set aside separate amounts for trade and leisure pursuits.

[Hypnosis00]

Aside from being patient OP, this business is also intended for those who are willing to adopt the situation and can really afford to lose their money.
Perhaps, if we talk about business, all of them are having risks but crypto is far different from them knowing its volatility and that is why it requires a high level of market understanding.

As to start having this business, it is a must to know the possible risk and results in this. It is really stressful that many people ain't to survive and quit.

[Issa56]

Investing in cryptocurrency is a very nice and lucrative idea but this isn't for everyone. Some people believe crypto is a get rich quick scheme so they invested in it. They invested with little or no knowledge about it.

Most newbies always have mindset that cryptocurrency is just a ponzi scheme, that's why mostly people that get scammed are newbie, am not saying that people that have been long in Cryptocurrency don't get scammed but most people that I know that have complained to me that they have been scammed are newbies. Most newbies don't really have proper orientation about cryptocurrency before they jump into it, some of them will see their friends trading and he/she is making money, then they will also jump into it and whenever they start losing money, they get disturbed and if they come across any ponzi scheme they will decide to join and they will get scammed, before investing in Cryptocurrency you should have basic knowledge and you should know what it's all about.

[Questat]

The idea of having a crypto business makes people think that they can easily make money out of this and then become rich instantly. But unfortunately, it was not the thing we were likely to experience, perhaps managing a business like this is pretty hard and even more risky than other forms of investment.

crypto investment welcomes everyone who would like to try but guess what, only a few have survived and become successful while many suffer regrets and losses. If we really have the motivation and courage, that was not impossible to succeed.

[Rockstarguy]

Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.

The energy one will put in greed to make money it will be better to put same energy to learn more about cry, learning more will help to do right things to follow the rules to achieve success in cryptocurrency.  It is worst when one lack knowledge and still greedy,  it is more better to learn to acquire knowledge,  then go for the best profit than trading blindly with greed.

[Mate2237]

Investing in cryptocurrency is a very nice and lucrative idea but this isn't for everyone. Some people believe crypto is a get rich quick scheme so they invested in it.

Even this

Investing in cryptocurrency is a very nice and lucrative idea

is a wrong notion and thought. most of people are coming to crypto especially bitcoin because of this information that bitcoin is a lucrative business, how? From your opening statement you have supported the idea of 'Get Rich Quick" league. Please bitcoin is a digital currency that bitcoiners use to buy things online. many people enter into to use bitcoin with wrong orientation. 

[Finestream]

It may have similarities and differences with traditional based investments like stocks or mutual funds. But in crypto, we have this 4 year cycle that so far holds true. So there will be time that the market is very strong going up and make good gains for us. But there will also be time that the market is down and that's where our patience and mentality sets in. So it's going to be a journey if someone sticks to this market. There will be learning curves along the way that will make crypto investments very attractive.

Crypto is a business so it needs skills and strategies for you to succeed and become profitable. Otherwise, you will never grow as well as your business. And since crypto business does not move up all the time as there are times the price drops drastically, so patience and persistency matters too. If you think you don’t have the qualities to be a successful crypto business owner, then do not enter in crypto in the first place.

[isaac_clarke22]

~

Considering how many shitcoins are there right now, crypto business is saturated. We're still seeing a lot of altcoin being created daily which many just have little to no utility at all and sometimes I even think about how meme coins still manage to get more value even if there were just for memes obviously. Some people should not really commit to crypto business if they can't bother to provide unique utility of it. It's just like one of those coffee shops near you then later on you found that it has a copypasta competitor nearby that did not last for a week.

[BITCOIN4X]

This afternoon two friends approached me to ask how they can profit from crypto investments. I didn't take the question seriously at first because I thought they just wanted to know how much profit I've made so far, but luckily I started to explain some basics on how the crypto market is profitable for its traders and investors.

One of them does not like big risks, but he likes the volatility of gold prices. I will not force them to want to invest if they do not understand what the risks are, so it is true that this investment is not for everyone but everyone can invest when they agree and are willing to take the risk.

[isaac_clarke22]

One of them does not like big risks, but he likes the volatility of gold prices. I will not force them to want to invest if they do not understand what the risks are, so it is true that this investment is not for everyone but everyone can invest when they agree and are willing to take the risk.

Yeah, I would not also do the same for my friends considering that my former friends back then even backstabbed me when I just told them how to also get some gains from crypto through trading and investment. I was not even also forcing them and I was also just giving them a tip that they can do at their free time.

I can't imagine people forcing others to invest in crypto though, like imagine if it was bearish market and they would blame that person for having massive losses during bearish market. This is why I do not also tell a lot of people outside crypto that I sometimes gain profit from it.

[Piesel]

What is cryptocurrency business really?

What you mentioned are for just investment kind of business only, more like trading or just buying coins, then call it crypto business.

Cryptocurrency business is too different for what it is like.
Having business in this space is more like only for those who have knowledge the volatility, regulations, have risk management, know how to adapt, security, even attracting VCs who will invest in to the company is a big factor, and having insurance.

A lot of misconception has surrounded this subject matter and many are getting the wrong idea of what cryptocurrency is and how to separate business from investment even though they both points to one aim, and that is profit-making a business is more of a cooperative entity while an investment is just owning a share. of the asset, you desire to own what has affected people a lot is the lack of adequate knowledge about this subject matter or topic.

Before diving into any of the two above mentioned one needs to have to build adequate knowledge and also eradicate the mindset of getting rich quickly and adopting smart work with the time and the right energy before expecting anything in return that is how the crypto space operates.

[Bhig Daddy]

Most people see bitcoin as a way to make money fast with the thinking of invest low and cashing out a very high profit. Most of these people are just been so lazy to learn about cryptocurrency and just want to be ignorance about it. Cryptocurrency is something that have a due followed process you have to learn and give it your whole time. If you don't want to learn or you being lazy them just know this business or line of trade is not for you.

[Mpamaegbu]

Investing in cryptocurrency is a very nice and lucrative idea but this isn't for everyone.

No business is ever for everyone, no matter how easy or simple you think it's. Know this and know peace.

Some people believe crypto is a get rich quick scheme so they invested in it.

Most people, actually. However, I guess those who rushed into it in 2018 with that mindset and got burnt are unlearning that mindset now.

👉👉is greedy: Some people want it to be bullish always. They never learn to take profit. They keep waiting for their token to do more than ×100 but in most cases this turn around and go against them making them to lose all profit and part of their investment because they end up selling in panic.

Sadly true about not talking profit on time and exiting the market. I've been caught up with that too. You really can't crucify anyone for wanting more profit, can you? 🤪. On a serious note, it's good to define one's exit point and not shift it. Half a loaf of bread is better than none, they would say.

The rest points you stated are also true.

[albon]

👉👉is impatient: They invested waiting to make money within days/months forgetting it may sometimes take years to make good profit. Most end up selling their token in little deep.

Patience is the key to success in the cryptocurrency market. If the investor wants to make profits within days and months, the Crypto business is not suitable for him, because investing in cryptocurrencies requires great patience, which may reach several years because you buy a coin at a cheap price and wait until this coin is pumped, then You sell after that at a high price so it takes time, also diversifying the investment in different coins reduces the risks, there are many people who invest in one coin and this is the biggest mistake they make.

[BIT-BENDER]

It depends on how you see it, Crypto-currency investment, trading e.t.c may not be for everyone but I think everyone is meant to have a strong knowledge of crypto-currency. Crypto-currency can make wealth for people but it can also be the paramount mean of financial exchanges in future.

Many Newbies are nurtured only on Crypto-currency as a business or investment and many of them are feed with the idea that it's always profitable all the time, this is amongst the reasons for lack of patience and also presence of greed.
The eduction of Crypto-currency is very important to start from the idea first then the purpose, Utilities, how it can simplify complicated financial transactions/situations. The as further studies of interest the investment and business aspects of Crypto-currency

[Yamifoud]

👉👉is impatient: They invested waiting to make money within days/months forgetting it may sometimes take years to make good profit. Most end up selling their token in little deep.

Patience is the key to success in the cryptocurrency market. If the investor wants to make profits within days and months, the Crypto business is not suitable for him, because investing in cryptocurrencies requires great patience, which may reach several years because you buy a coin at a cheap price and wait until this coin is pumped, then You sell after that at a high price so it takes time, also diversifying the investment in different coins reduces the risks, there are many people who invest in one coin and this is the biggest mistake they make.

In many cases, some investors and traders are really active during their entry but as the challenge comes and the moment that they don't really understand what is going on, they often change their mind and quit. It was indeed not for everyone, though the fact that everyone is welcome to try and put some money. However, not all of them are not able to understand which is why some of them blame the market and even say it was a scam.