Crypto business isn't for everyone

[odunybiz]

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. They never consider how volatile the market is. In cryptocurrency, a single token/coin can go in your favour to make you a millionaire, the otherwise can also happen in a bearish market. One shouldn't invest in cryptocurrency if he/she:
👉👉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.
👉👉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.
👉👉is too lazy to learn: You must be ready to learn to make it big in the space. Crypto investment involve research and this may be time consuming. It is through your research that you will know which token to buy and also when to buy and sell.
👉👉lack risk tolerance ability: Cryptocurrency is a high-risk and high-rewarding business but it isn't for the faint of heart.

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

[PowerGlove]

People that look at Bitcoin as a way to make money are mostly missing the point of the technology, I think. Yeah, it's a good investment (especially at current prices) but more importantly than that, it's a means to financial autonomy, which is to be cherished as a principle far above ROI.

[Frankolala]

 Cryptocurrency 'Bitcoin' investment is also for people who already have other jobs that gives them income, with this you can invest without thinking much about the profit and also being in a haste to make profit from it. It is like a treasure for people like this.

[Hyphen(-)]

👉👉is too lazy to learn: You must be ready to learn to make it big in the space. Crypto investment involve research and this may be time consuming. It is through your research that you will know which token to buy and also when to buy and sell.
👉👉lack risk tolerance ability: Cryptocurrency is a high-risk and high-rewarding business but it isn't for the faint of heart.

Being too lazy to learn is one of the main factors that can lead anyone in the wrong direction, especially when it comes to investing in Bitcoin and other cryptocurrencies. Many people prefer shortcuts, and this is why many new investors lose money because they don't want to learn and conduct additional research before investing. Instead, they choose to follow signals from unreliable sources of information instead.
Being willing to take risks is important because they are a part of every business. The risk associated with investing in cryptocurrencies is particularly high because it is possible to lose money in a short amount of time.

[PX-Z]

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.

[uchegod-21]

👉👉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.

Greed is not bad in the cryptocurrency industry, even in the personal life greed is not bad. It depends on how you perceive the greed or how the greediness affects another person.
If I am giving 3 options to chose and the three are; 0.5btc, 1btc and 100btc. Do you think I will go for anything other than 100btc? Will you say I am greedy.

Greediness in crypto is not bad, but observe the rules. "Be fearful when others are greedy, and be greedy when others are fearful "

👉👉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.

Patients doesn't always work in the one way you defined it. It depends on the coin you are holding. If you hold a shit coin, sell off as others are selling. It could dump in your hand and never return forever.  So, be guided.

I deliberately had to chip these in, so that we can know that there are more than one meaning to every statement.

[nurilham]

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

I disagree, crypto business is for everyone. There is varied business related to crypto, it doesn't refer to investing and trading only. Even if you have no money, you can join bounty or airdrop to earn money in crypto businesses. We also can provide a service related to crypto activities, both for the activities in this forum or outside of this forum. For example: Escrow service, art service, promoting a new project service through social media, or so on. So, people have many options to join crypto businesses. They can choose a business that fits their skills/knowledge.

[hatshepsut93]

Sadly, those whom such warnings concern don't listen to them. The #1 reason why people lose in trading is because they believe they are special, gifted, have talent for trading, have luck and so on. Typically it happens when they make some money in a bull market, simply because all coins are growing. Then the bear market comes and instead of cashing out they double down on looking for profit to compensate for some unrealized gains, and in the process they lose everything.

[examplens]

whatever happens, is not for everyone, and that's right, I don't know why bitcoin and crypto are singled out.
For example, programming is not for everyone. (now I can list all the reasons from the first post)...
greedy for riches but too lazy to learn anything new...

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

I would just replace the word "crypto" with anything, and that's the whole wisdom.

[2stout]

No truer words have been stated- The Crypto business isn't for everyone.  A couple of the easiest way to tell this is panic selling aka buy high and sell low and expectations of a quick, exponential return.

[lovesmayfamilis]

Each person has their own talents. Someone can do some things better than others. When a person finds his business or his favorite thing, he will certainly give it all his strength. But unfortunately, some people rush about, not understanding what business to choose, and because of this they become impatient, not ready to study but want to quickly change their financial situation. This applies not only to the cryptocurrency business. Patience is an important virtue of learning. The OP is right. If a person is lazy, he will be poor even if he wins the lottery one day. 
Having spent the winning money, he simply will not be able to properly dispose of it.

[Wapfika]

Cryptocurrency 'Bitcoin' investment is also for people who already have other jobs that gives them income, with this you can invest without thinking much about the profit and also being in a haste to make profit from it. It is like a treasure for people like this.

Actually Bitcoin investment is perfect only for extra investment purposes and not for full time because its volatility is very risky that is not worth it to use as full time source of income. I personally just allocate a portion of my salary on my job to crypto in addition to my signature campaign earnings and leave it as is for future investment purposes. I have health and life insurance while I use Bitcoin as my future savings insurance by storing little by little every month without selling any sats on my crypto savings balance. I just allocate different portion for trading and leisure activities.

[Lucius]

For those who just want to make a profit and preferably as soon as possible, investing in various tokens/coins is more or less similar to gambling or sports betting. And it's no secret that only about 3-5% of people manage to be profitable in these things, which is also the case with cryptocurrency trading.

There is nothing wrong if someone wants to try crypto trading, but they just need to follow the golden rule of not investing more than they are ready to lose. If after some time a person realizes that it is not for them, they will not be too sorry for the lost money and time, unlike those who lose all their savings, which leads to serious problems in life and even suicides.

The best option for the majority is therefore a long-term investment, but in something that has purpose and meaning and will not disappear in one or two years. Be smart, don't believe false promises - they are mostly the way to your failure, and someone else's profit.

[Daniel91]

odunybiz, the tips you wrote are actually not only valid for investing in crypto but for any investment in the financial market.
There is no investment that immediately guarantees a safe and quick return on investment and a big profit.
It seems to me that crypto is still a big unknown to ordinary people and that they analyze crypto very superficially, and make investment decisions based on some stories they read and often with unrealistic expectations.
Every investment is always a risk, and that's why you should start investing only after a detailed market analysis and with realistic goals and a clear exit strategy.

[Darker45]

To say that "investing in cryptocurrency is a very nice and lucrative idea" is quite misleading. Actually, it is very risky to jump into this generalization especially when talking to newbies. They might get the idea that crypto is a sure way to make money, which isn't really the case. As a matter of fact, while there might be amazing crypto success stories of a small investment amount that grew into a huge wealth, the big majority of crypto investment decisions are probably a failure.

And even if a crypto investor isn't "greedy," "impatient," "too lazy to learn," and doesn't "lack risk tolerance ability," it doesn't mean that he/she isn't anymore exposed to the risks of crypto investment considering that perhaps 90% of these investment opportunities is probably a fraud.

[rhomelmabini]

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

The thing is simple and I think most successful investors know this as well that you don't have to invest on stuff you don't know. The most basic one. Of course it's not for everyone just like other type of investment or job or business that may opportunely be on your way.

Even if you learned something or doesn't that greedy it doesn't mean success is on your side, there are other factors to consider just because you learn, there may be other thing along the way that will challenge your faith on investment.

[ultrloa]

Its for everyone its just people have misconception that they may became rich as fast as they can since this is what they are seeing on the influencer or other source of information they search. Especially when they see the price history of bitcoin then provably they became greedy to hold some alta which they think have potential. But the challenges they face like losing money and everything bad experience they encounter is good learning experience and for sure they will be more careful on their investments.

[jossiel]

Let's take it in general that business isn't for everyone.

Whether it's on crypto or not, if the person doesn't have the appetite to take risks then he's not good for any type of investment or business because both of it requires taking any amount of risk.

What's good for the risk takers are the ones who understand how much risk they're taking. It can be calculated or estimated based on what you know from what you're about to do.

[Findingnemo]

Its for everyone its just people have misconception that they may became rich as fast as they can since this is what they are seeing on the influencer or other source of information they search. Especially when they see the price history of bitcoin then provably they became greedy to hold some alta which they think have potential. But the challenges they face like losing money and everything bad experience they encounter is good learning experience and for sure they will be more careful on their investments.

The mistake actually happens with the coin to invest, basically most people attracted to the hype of a coin on the social media but a wise person will look for its basic technical analysis and implement that is this going to make any changes in the future and when they convinced with the assets then they will go for investment.

While the short term, investors who don't know anything but just wanted to make money will never become possible.

[sheenshane]

If you're seeking profit in crypto there's a simple rule that you must follow, "buy low sell high".
I tend to agree with the stated OP above, crypto investment isn't for everyone meant for and it seems like crypto trading, if you aren't knowledgeable enough, that kind of business path isn't good for you.

Every form of investment expected that there's a risk, now the problem is how you'll manage the risk and turn it into a successful one.

Just like the joke that I've found in my social media news feed a few days ago.
Someone asked if investing in crypto made him a millionaire, and there's one answer that made me laugh, it says, "Yes if you're a billionaire".