Investing and trading in crypto: can make you or mar you.

[salad daging]

What do you expect from people who seriously invest in Memes coins, or because someone like Elon Musk tweeted about it, or because of recommendations on social media, not to mention the madness of NFT and other recent events in the market, which indicate that many are investing with zero knowledge or even desire in learning. Most of the projects are paying more on marketing campaigns and high APY than on technical development, which makes them a big pump for hot money that quickly ends with losing wealth.

If you stay away from fast rich feelings and invest for a long time, you will notice a big change in your life. IM TALKING ABOUT BITCOIN HERE.

Meme coins are only temporary but it will go crazy if disposal occurs and people only know from social media that is currently hype not from knowledge or analysis, look now there are many meme coins that appear but so do they confidently buy because they see something that is trending moreover they expect Elon Musk to retweet it, but I would not really believe it even if Elon Musk often discusses meme coins for example, and this madness will really end tragically if investing or trading in meme coins.

I think getting rich quick is very unrealistic, there will be a lot of suspicion of momentary riches and losses will destroy the mentality with its psychology, remember that bitcoin is the safest place to invest at this time.

[AakZaki]

If you don't have any basic knowledge about trading, then don't try it. Good traders must understand the basic knowledge of trading, otherwise they will just trade like gambling. Do not understand anything but still do it by capitalizing on confidence and hoping for immediate profit.
Basic understanding of crypto investment is needed, it is not a game because money is at stake. crypto is a big lie for those who don't understand, but for us crypto is a place to get profits quite easily and can be done anywhere.

[MIner1448]

Cryptocurrency investing and trading can both make you and ruin you. Cryptocurrencies are high-risk assets and their prices can fluctuate greatly in a short time. At the same time, they can bring high returns if you properly assess the risks and make sound investment decisions.
If you decide to invest in cryptocurrencies, it is important to do your research and understand how it works. You must understand that cryptocurrencies are decentralized and do not have any central regulation. This means that prices can fluctuate based on various factors such as news, legal changes, technical issues, etc.
It should also be taken into account that cryptocurrency trading is a speculative activity, and can be dangerous for beginners. If you do not have sufficient experience and do not understand the risks associated with cryptocurrencies, you may lose your investment.

[ethereumhunter]

Supposedly in investing in crypto, we can get huge profits after holding it for some time. But the problem is that people don't analyze when they can start investing and buy it immediately even though the price is still at its peak. They were not ready to see the price drop drastically and panicked and immediately sold it. They don't think of keeping it on hold until their target is achieved in a few years. They think their bitcoins will continue to decline and not rise again, so they want to save the money they used to buy bitcoins. But that makes them lose money and they can't have bitcoin anymore because they have sold it. And when the price bounces even higher than what they bought yesterday, they regret it and can't sell their bitcoins because they already sold them.

[Tony116]

Cryptocurrency market can make you richer or poorer. Not all market participants will have profit in this market and become richer with it. If all people can get richer with this market, who will get poorer, who will spend money to help you enrich your capital.

Where is the capital flow come from to enrich your own capital?

Capital in one market must flow internally in a cycle from the rich to the poor, to the poor to the rich but mostly from the poor to the rich. The rich get richer but the poor get poorer.

New capital flow only comes in a new bull run when more new people join this market and bring their capital in.

To put it bluntly, bitcoin or crypto is also a financial market and already a financial market, there will be winners and losers, money from weak hands to strong hands, and there will be no way that everyone will win when investing in crypto. I see many people don't understand this problem when I see the topics bitcoin can alleviate poverty, bitcoin can make the national economy go up...They need to understand that when they sell bitcoin and make a profit, someone else will lose. The market does not print money and distributes it freely to everyone. The marketplace is a battlefield, in order to make a profit, we need to beat others.

[DevilSlayer]

Supposedly in investing in crypto, we can get huge profits after holding it for some time. But the problem is that people don't analyze when they can start investing and buy it immediately even though the price is still at its peak. They were not ready to see the price drop drastically and panicked and immediately sold it. They don't think of keeping it on hold until their target is achieved in a few years. They think their bitcoins will continue to decline and not rise again, so they want to save the money they used to buy bitcoins. But that makes them lose money and they can't have bitcoin anymore because they have sold it. And when the price bounces even higher than what they bought yesterday, they regret it and can't sell their bitcoins because they already sold them.

They have a quick rich mindset that can lead them to make bad decision and incur losses, the problem is not the crypto but their mindset before they put their money. Majority of them are just focusing on  how much rewards that they can get and not how much money they can lose. In the end, it is now too late because they already lose so much money. Investing in crypto can really make us rich but it is not enough because there are things that you should also have focus on like what type of strategy that you will use when you already made your 1st investment? when you will place your cut loss,? what is your bias? where did you get your conviction to make an investment?

These are just examples of things that you should consider, you cannot become rich by just investing your money and holding some coins. If it is the key then everybody should be rich but it is not the case. Majority are losers because they ignore important things especially the organized planning. Instead of thinking how can they protect their hard earn money, they immediately thinking how can they double their money in short period of time and that kind of idea is very dangerous because you will get pressure to make money and you will create decisions that can lead you to major mistakes.

[Hyphen(-)]

Cryptocurrency investing and trading can both make you and ruin you. Cryptocurrencies are high-risk assets and their prices can fluctuate greatly in a short time. At the same time, they can bring high returns if you properly assess the risks and make sound investment decisions.

The main issue is that some people expect a very high return in a short period, and thus, out of greed, they borrow some funds to invest just hoping it will end well in a huge profit, and thus, they invest in some altcoins with the expectation that it will do 10-20x within a short period, and if it fails to rise, they sell the coin at a loss instead of being patient and holding.

If you decide to invest in cryptocurrencies, it is important to do your research and understand how it works. You must understand that cryptocurrencies are decentralized and do not have any central regulation. This means that prices can fluctuate based on various factors such as news, legal changes, technical issues, etc.

Only Bitcoin is completely decentralized, so be cautious because these altcoins have their own team that controls and regulates the coin, which means that the price can also be manipulated.

It should also be taken into account that cryptocurrency trading is a speculative activity, and can be dangerous for beginners. If you do not have sufficient experience and do not understand the risks associated with cryptocurrencies, you may lose your investment.

The main key here is to wait and gain sufficient knowledge about crypto trading before beginning, otherwise it may end in such a case of capital loss due to ignorance.

Buy Bitcoin and Hold to avoid losing too much money in the future.

[Strongkored]

I see quite a lot of memes popping up about crypto and that's a natural thing because it's just a funny line to make fun of but it's not really big although some are true.
People who invest in crypto without proper knowledge and only based on what people say, whether their close people or what is said in the media, and think of being able to get rich instantly, will experience what is depicted in the memes, but enough is enough mature in plunging into crypto, will see these memes as entertainment even though experiencing bad times but always wise in investing in crypto is the key to success

[isaac_clarke22]

Meme coins are only temporary but it will go crazy if disposal occurs and people only know from social media that is currently hype not from knowledge or analysis, look now there are many meme coins that appear but so do they confidently buy because they see something that is trending moreover they expect Elon Musk to retweet it, but I would not really believe it even if Elon Musk often discusses meme coins for example, and this madness will really end tragically if investing or trading in meme coins.

I think getting rich quick is very unrealistic, there will be a lot of suspicion of momentary riches and losses will destroy the mentality with its psychology, remember that bitcoin is the safest place to invest at this time.

Yeah, unless you really follow a lot of crypto influencers, it ain't just worth it. Sure, everyone wants to earn overnight but they won't just realize the losses they encounter since there are waaay more promising coins in the market than just these meme ones. If there were such thing as getting rich quick kind of thing, why haven't people just did that instead and why aren't there surge of wealth in the economy?

Regarding Elon Musk stuffs, I don't care if the guy discusses or tweets again about Bitcoin. I can recall the annoyance of that name here in the forum back in 2021.

[Webetcoins]

Someone who doesn't understand the market and doesn't even have any knowledge or experience with cryptocurrencies, in general, should not get involved before learning everything. It is clearly going to cost them financial losses if they start trading cryptocurrencies but don't even know how things work around and how they should even manage their trades and the risks involved with them.

Trading and investments only make someone's life better if they have learned everything properly and they understand what they are doing and getting into, otherwise, they are probably going to lose most of their capital.

[Faisal2202]

I saw this as a memes on a social media platform which created much laughter amongst many person's with funny comments that followed. But let's view it the other round in real sense.

Here is my Version of the meme.

HAHA, as you have already mentioned the reason of people who failed to earn in crypto due to lack of knowledge and then they don't even hesitate to say such aforementioned comments such as "Crypto is all lie" etc. etc. or i should say blah blah blah. (haha).   

Well if we interpret my pictorial representation of people who start with knowledge and people who start without knowledge. Then this meme makes more sense. The point is, "Knowledge is power" which wise ones used to say,  because those who have known the potential of crypto and how things move around, will rule in future because they have knowledge of future product that will be in demand and people (fool ones) will wait in lines while the wise ones has already got their hands on it. This emphasize the big truth of knowledge.

In short, we have to get knowledge before starting any business, it's not only applicable to BTC because if you start any business with out proper knowledge or without following any mentor, you will end-up as the bodybuilder end up from car to bus.

The surprising thing is, many of my friends who have no link to crypto like they don't even have a slight info about crypto, are uploading this meme on there statuses. (hahaha) and i was like what. Well, all i can do is ignore them because knowledge is power and not everyone can digest it.

[molsewid]

Someone who doesn't understand the market and doesn't even have any knowledge or experience with cryptocurrencies, in general, should not get involved before learning everything. It is clearly going to cost them financial losses if they start trading cryptocurrencies but don't even know how things work around and how they should even manage their trades and the risks involved with them.

Trading and investments only make someone's life better if they have learned everything properly and they understand what they are doing and getting into, otherwise, they are probably going to lose most of their capital.

Especially those people who just invested in crypto just for the hype, it will not bring them any good things because they will not understand when the market makes a sudden dip again, some other people still do some DCA even though the token or coin they are holding on is no longer sustainable. We should all know that before entering this volatile market we should be prepared.

[Lida93]

Those trolls are everywhere let them make funny memes for crypto investors. I think the person who created the meme has shown his situation after the unsuccessful investment. That's what a loser is expected to do because such people are unaware of the rules of trading and investment. They put their money into assets without gaining essential knowledge about the assets and put their money into it blindly.

You likely may not be far from the truth as people are quick at throwing tantrums and castigating something that didn't work out for them even though it's working out well for most others. They fail to embrace their fault in their failure and instead of working out ways to learn from their failures they rather focusing their energy  on a condemnation campaign. But they forget it just won't change a thing as bitcoin keep covering more gaps.

[GreatArkansas]

I saw this as a memes on a social media platform which created much laughter amongst many person's with funny comments that followed. But let's view it the other round in real sense.

Social media is full of lies.
This is very normal to see on social media because social media are more open, you will encounter a lot of people with different visions or opinions especially when it comes to cryptocurrency, which a lot of people don't know what will happen in the future of cryptocurrency. The only wrong here is that guy is likely telling that it's already finished or telling without any proof or basis.

[BlackBoss_]

Social media is full of lies.
This is very normal to see on social media because social media are more open, you will encounter a lot of people with different visions or opinions especially when it comes to cryptocurrency, which a lot of people don't know what will happen in the future of cryptocurrency. The only wrong here is that guy is likely telling that it's already finished or telling without any proof or basis.

Using social media will bring more unnecessary news, lies that affect your thinking, psychology and you will more likely make bad decisions which are more keen on your temporary emotion. It is bad because bad decisions will not give you happy result so why don't listen to the advice "Prevention is better than cure"?

Prevent it to happen proactively by stop using social media. Focus on learning technical things but basics like how to save your money by using good transaction fee (fee rate for Bitcoin, address types, gas for other blockchains). I don't think those basics are too difficult to learn but they are very helpful practically.

Reading news, using social media and put our brain into uncertain status then struggle to control our emotion. By good prevention, we will not have to struggle with emotion, psychology.

[ethereumhunter]

Supposedly in investing in crypto, we can get huge profits after holding it for some time. But the problem is that people don't analyze when they can start investing and buy it immediately even though the price is still at its peak. They were not ready to see the price drop drastically and panicked and immediately sold it. They don't think of keeping it on hold until their target is achieved in a few years. They think their bitcoins will continue to decline and not rise again, so they want to save the money they used to buy bitcoins. But that makes them lose money and they can't have bitcoin anymore because they have sold it. And when the price bounces even higher than what they bought yesterday, they regret it and can't sell their bitcoins because they already sold them.

They have a quick rich mindset that can lead them to make bad decision and incur losses, the problem is not the crypto but their mindset before they put their money. Majority of them are just focusing on  how much rewards that they can get and not how much money they can lose. In the end, it is now too late because they already lose so much money. Investing in crypto can really make us rich but it is not enough because there are things that you should also have focus on like what type of strategy that you will use when you already made your 1st investment? when you will place your cut loss,? what is your bias? where did you get your conviction to make an investment?

These are just examples of things that you should consider, you cannot become rich by just investing your money and holding some coins. If it is the key then everybody should be rich but it is not the case. Majority are losers because they ignore important things especially the organized planning. Instead of thinking how can they protect their hard earn money, they immediately thinking how can they double their money in short period of time and that kind of idea is very dangerous because you will get pressure to make money and you will create decisions that can lead you to major mistakes.

If they don't immediately change their mindset, they will never be able to benefit from their investment. Instead, they will suffer losses because they only want profits as soon as possible. They must know that investing in bitcoin requires a long time and must have strong hands to hold it for a certain period of time. Everything would yield good results if they had the patience to bide their time.

They can be said to be lucky because they have a lot of potential coins that can be their investment. But the problem is that they can't find the coins and rely on other people's advice which doesn't guarantee them big profits. And they shouldn't even think about getting rich quickly, even though it might happen at the right time and place. But investing does take time so they have to be more patient.

[irhact]

That depends on the person's mindset or belief in crypto investing. Because if it's true that you can't make a lot of money here, I hope no one tries to trade and no big companies will invest here and even well-known people in the business world and popular celebrities will not waste time investing here if they know they said that they won't get anything. Do you get what I mean? Maybe the people who fail here may be that the coins they chose were just hyped and they didn't really know that's why it happened.

There's lots of money to be made in the cryptocurency market but don't just think that's the reason you're seeing the celebrities coming into the market. They're here because of endorsement deals and that's how they make their money. Only a few invest and they don't buy from the market as everyone else, this celebrities get special privilege like buying before pre-sale.

People fail for so many reasons, it could be that they were mislead by the celebrities, example when they were promoting NFT that has no value at the moment. This is why we're advise not to follow celebrities as they don't have any idea but just promoting the business they got hired to promote.

[TheUltraElite]

It should also be taken into account that cryptocurrency trading is a speculative activity, and can be dangerous for beginners. If you do not have sufficient experience and do not understand the risks associated with cryptocurrencies, you may lose your investment.

Dummy trading is what I suggest to immediate newbies. That helps them learn without losing money if done honestly and meticulously.

That depends on the person's mindset or belief in crypto investing. Because if it's true that you can't make a lot of money here, I hope no one tries to trade and no big companies will invest here and even well-known people in the business world and popular celebrities will not waste time investing here if they know they said that they won't get anything. Do you get what I mean? Maybe the people who fail here may be that the coins they chose were just hyped and they didn't really know that's why it happened.

Of course crypto gives its owners the opportunity to earn big. This only differs on how the people seize the opportunities and not lament about losses or missed stuff. Attempt to seize the price now and buy will eventually lead to a bigger price to sell in future but dont cry over the price when you chose not to buy and missed the selling opportunity at the next all-time-high. Celebs only come here to pump their bags, they have literally zero care for any project.

[Nrcewker]

I am 100% sure that these meme creators are these GenZ kids, who don’t know what Bitcoins are capable of. They just invest to make quick cash, and if it doesn’t come out to be as expected, then they just mock it and make fun of it. We should never lose focus and never forget that Bitcoins are limited in number, hence very rare, so once the accumulation demand increases among the people, the price will break ATHs and you will get tons of profits. So just hold and wait for long term.

[indah rezqi]

I am 100% sure that these meme creators are these GenZ kids, who don’t know what Bitcoins are capable of. They just invest to make quick cash, and if it doesn’t come out to be as expected, then they just mock it and make fun of it. We should never lose focus and never forget that Bitcoins are limited in number, hence very rare, so once the accumulation demand increases among the people, the price will break ATHs and you will get tons of profits. So just hold and wait for long term.

Keep your positive thinking about bitcoin, ignore its price volatility and stick with your best plan in the long term. Those are some pieces of advice that have been suggested by experienced investors I have met although they have not been as successful as some of the people on this forum.

I believe some users may doubt the potential of bitcoin, but we should not doubt about it because experience and history is the best support to keep bitcoin.