Crypto business isn't for everyone

[Marvell1]

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

Not only the crypto business, but when entering the world of business and trading, we always need these things to get started. As a business, there must be risks, so you must have a strong mind to be ready to accept all challenges. Business will not always be as smooth and smooth as we imagine, sometimes there will be obstacles or there will be a little delay so patience is an indispensable virtue. The market is always changing and evolving quickly, if you don't want to be eliminated or left behind, don't stop learning, even if you are already a successful person if you stop learning new things, you can still be overtaken by people.

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[Baofeng]

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.

[GeorgeJohn]

Cryptocurrency is a business and business is for everyone unless you don't have interest on such particular business, when you look at this very well or scrutinized it very well you will notice that this world is now a digital world, currently many people is impacting the knowledge of cryptocurrency to their offspring from a tender age. Bitcoin is a good investment that is ver lucrative which people engaged on.

[Vaculin]

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.

Well I assumed those who take the risk to enter the crypto business have really high confidence in their selves believing that they would make the best of profits when trading or investing. But that is not the case as trading or investing have also their own right timing to make profits, their best entry and best exit. And sadly, they  always think that crypto will always move upward because of the bull market, not realizing that it’s also has its own flaws and make the prices fall back.

[Hispo]

Cryptocurrency is a business and business is for everyone unless you don't have interest on such particular business, when you look at this very well or scrutinized it very well you will notice that this world is now a digital world, currently many people is impacting the knowledge of cryptocurrency to their offspring from a tender age. Bitcoin is a good investment that is ver lucrative which people engaged on.

The thing with crypto and crypto-businesses is the fact that is not as straight-forward as people are used to in their daily life, for now at least.
It requires a minimum of research, reading, etc; that is why many newbies and uninformed people fall for the most obvios scams around the internet, they get an email telling them to type down their seed or their money would be "at risk" otherwise and they do, because they have not read anything about cryptography or what it is.

Needless to say some people do not even like to read or learn, those people are better off keeping their money at the bank until they decide to be ready to learn or find someone to help them, it is better this way than getting scammed for all their money due to their ignorance.

[TelolettOm]

In my opinion, the crypto business is for everyone, but, not everyone really wants it in the crypto business.
It also means how people doing in the crypto business, and how they prepare, manage and control themselves in the crypto business. Actually, everyone can learn in crypto, although we are not patient people, in this crypto business, we are required to be more patient. We are required to be more willing to learn more and more. And we must be very aware of what we are doing in the crypto world.
However, if we can't do it, this means that you don't want to utilize the chance in crypto or even take any advantage of crypto.

[Luffygroove]

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.

I agree people should change their paradigm of thoughts. We should really go back to the beginning of why cryptocurrency was existed. It's all about technology and innovation, not a way to get rich fast. People forgot the root of blockchain which actually not all about profits, it's life-changing from traditional and centralized to digital and decentralized. We need a more mature crypto industry, a new field for people to be able to invest in long term not always scared of scam trial or trash projects who just want to take profits in a short time from unknowledge people. It's been years, the crypto world should get fixed. We don't want to be seen as a pump and dump industry only, by people outside the bubble, do we?.

[cryptoaddictchie]

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

Not really sure if crypto can be a good business model. But for others it is. I am more inclined on it as a technological tool to help ease some process and method to fast track some of the payment of a certain business. Unless the platform is designed specifically to do actual business with an actual product which quite rare for a crypto project. Usually a good business on crypto related are market exchanges, like Binance and others.

[Alisha-k]

Crypto business is a proof that man keeps evolving. The era of paper money is gradually fading off as crypto is taking over so if Crypto Business isn't for everyone it simply means not everyone is meant to embrace the new era of digital currency. Crypto is actually for everyone but to stay productive it means doing so much research upon research. Greed is a major part of human existence it must always play out in all human activity but with good knowledge about anything the level of greed in such discipline will be minimised

[Z-tight]

Is investing in cryptocurrencies even a business? I don't know about other cryptocurrencies, but i know i don't see bitcoin that way, i have never thought about bitcoin as a business, or as a way to make money, that is why i am surprised you refer to cryptocurrencies as a business. Bitcoin is a currency, just as the $ is, so it can't be a business in itself, but it can be used to start up a business by providing the capital through it; and then if you use it to trade, or for speculation, neither of that can truly be called a business, maybe people that want to think of bitcoin as a business, and not a currency, or a network and technology that is decentralized are people that are here to try and become rich fast.

[Russlenat]

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.

People who have no real understanding about bitcoin and how it will work will not make it work for long. Though they may be profitable at first but in the end, they will still bound to lose. That is why a lot of traders and investors fail to establish long term profits in crypto market because they never realize that bitcoin is a long term investment,and that investing or trading in it at the present will only secure short and temporary profits.

[Kelvinid]

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

Not really sure if crypto can be a good business model. But for others it is. I am more inclined on it as a technological tool to help ease some process and method to fast track some of the payment of a certain business. Unless the platform is designed specifically to do actual business with an actual product which quite rare for a crypto project. Usually a good business on crypto related are market exchanges, like Binance and others.

Indeed.
For crypto exchanges, I'd see it was growing and profitable but if we just run a small business accepting crypto, not really I think it was good. But of course, the future of our crypto business will just rely on how we manage it because even putting up to other forms of business and if we fail to manage it well, failure is certainly what we got. I agree that business is not all about having the capital but it also having the passion, knowledge, and skill running the business.

[RockBell]

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.

Cryptocurrency is a process from the buying and selling to any other thing there are guidelines to follow so once you have interest be ready to make the sacrifice to manage your funds and to manage risk as well. If you are someone who is lazy it won't be easy for you to keep up because you need to makes research on different aspect such as the trading, and also the technical aspect of it.

[Luzin]

Is investing in cryptocurrencies even a business? I don't know about other cryptocurrencies, but i know i don't see bitcoin that way, i have never thought about bitcoin as a business, or as a way to make money, that is why i am surprised you refer to cryptocurrencies as a business. Bitcoin is a currency, just as the $ is, so it can't be a business in itself, but it can be used to start up a business by providing the capital through it; and then if you use it to trade, or for speculation, neither of that can truly be called a business, maybe people that want to think of bitcoin as a business, and not a currency, or a network and technology that is decentralized are people that are here to try and become rich fast.

There may be a little misunderstanding. I think bitcoin is a digital currency. But because of the development of circumstances and the desire to have them sell and some buy. I think this is where some people take advantage as a business opportunity. Because they are looking for profits through the name crypto or Bitcoin.
It seems like the current view of crypto is an easy and fast job opportunity to make more money and get richer. Even today many bad guys are deliberately taking advantage of the state of the world's crypto development by doing evil. I think at the end all can, it's just serious or not.

[suzanne5223]

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

Investment in cryptocurrency is for everyone because the concept of Bitcoin creation is to serve no boundary digital currency but the viewpoint of each individual and acknowledgement about  crypto will determine if crypto business is for the person.

Some people believe crypto is a get rich quick scheme so they invested in it. They invested with little or no knowledge about it.

This is the major problem that causes the drawback of newbies after the result of their investment yield no profit.

 

if he/she:
👉👉is greedy:

Greedy can also be a good weapon to make a vast if use very well especially in this current market.

[Franctoshi]

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

I definitely agree with you, but there is no business in this world that is meant for everyone but are meant for the right ones, However, I will say in addition to this that crypto is not for the impatient short term minded Investors,but only for the right ones (long term minded investors) and One thing that's certain in crypto is loosing money especially when you're a short term investor or trader, it's very difficult to see newbie into the crypto space that won't loose money despite your research one could still loose money except you buy Buy Bitcoin and HODL at least 4 years that is only way you can't loose money with historical data backing it up, literally this is part of the journey into crypto and people should be aware of it.

[BlackHatCoiner]

Honestly, I don't understand the phrase "Crypto business". Is it when merchants adopt cryptocurrencies to their business? It it synonym with "trading"? Is it commercialization of cryptography? It can be anything, be specific.

If you meant the second, which is what I'm sure you meant since you used words such as "high-risk", "high-rewarding", "lack risk tolerance", "get rich quick scheme", then I can agree that it isn't for everyone. In fact, I argue that it doesn't make sense to do this job unless you qualify one of these below:

• You have a ton of cash in stash.
• You're a data mining company.
• You're an exchange.

[coupable]

With the diversity of business fields in which crypto is employed, each field will remain specific to the specialists. Bitcointalk forum provides us with examples of this, especially with the emergence of new areas such as investing in new areas such as new cryptocurrencies and all the complications associated with them. Unfortunately a small percentage of users, including those who have tried investing, have failed in most of them.

[Sanitough]

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.

Well everyone can start creating crypto business as long as you have a sufficient capital to finance your investment. But the problem is how to make it successful and sustain profitability in a business or investment especially if it’s a high risk one. This makes us realize that crypto business is not for everyone as only few risk takers have gained the needed knowledge and skills, and the strategies that are very essential in making a successful crypto business.

[xzy887]

Yes,you are right that crypto
Currency business is not for everyone. But do you know one thing, everything is possible if people want, if someone tries then he can do business in crypto currency but he has to acquire a lot of knowledge about crypto currency and for that he has to spend a lot of time here. 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.Similarly, if someone comes to do business from this new crypto currency, then he will get education and later he will be able to achieve success.But if someone doesn't know about this crypto currency, then he can't do any business here, so only those who have a lot of knowledge about crypto currency and trusted people.