Topic: 99% of CryptoCurrency Investors fail because they havent understood Crypto - page 2. (Read 419 times)

all that happened because of a lack of interest in learning. people are more interested in seeing success stories about crypto. and in the end they invest in the wrong coins. they buy cheap coins and think a month or a year later it will go up high like bitcoin. when they realized, they had failed and their investment was wasted.

I can relate somehow with OP. Especially the LINK and Ethlend(Aave now). I bought Ethlend before when it was still not Aave.
Cryptocurrency is complex and may not be newbie friendly, especially for those people who are just into profits or money, just some greedy things.
But even though we know some project is good or we satisfied from what we are looking for, they must be not give you a huge return in the run, because there are some projects that are much better to them or their goals is already achieved by other projects. That's why it is still difficult to find a huge returns in cryptocurrency, almost 90% of cryptos are shitcoins.

Everyone will see this, and they think it seems to be exactly what everyone used to do. The investment process in every industry has the following in common, you must be someone who understands the nature of where you are going to start making money from it. I firmly believe that no investor entering the crypto market has knowledge of it, and the mistake is the tuition fees for us to join and make money here.

It's like a gamble for those projects that are new and you have no idea if they'll be one successful. Well, if you have invested to those coins at the very low price with the spare money you've got and they skyrocketed after few years of holding it, you deserve all the profit that should come to your pocket. I'm lucky it happened to me but not with an altcoin but just as the usual story, it's with bitcoin. I think it's a good idea to do the same for newer projects but only invest what you afford to lose.

indeed, patience is needed if we want to invest in any altcoins, especially for the new ones
also we must ready for the worst situations, wich mean we must ready to lose our money not only ready for the profit

I believe that is what you should do if you want to get rich with high risk, that is the only way. I mean there is nothing wrong with putting your money into bitcoin and ethereum type of huge big coins and hoping that you will make a decent profit from it, sure you won't be making 50 into 50k but you would at least make some profit with it if you keep investing into it.

However if you want to turn 50 into 50k, you could simply try it 1000 times and if you are right just once you will be breaking even, so yeah investing into small stuff is not a bad idea neither if you have the funds to do so.

I knew a guy who invested into EVERY ICO he could find, it was his thing and he had a whole website about it that tracked the situation, he lost sooooo much money but he had like 3-4 right ones that covered everything, and all the other smaller tinier wins made it profitable. I am not saying do this, all I am saying is if you have a lot of money and want to risk it all away, it is a method people do. Only if you are rich enough though.

Not to mention you must apply patience, take link as an example, aside from having potential be big, many who bought it where only concerned about the immediate profit, not everyone who bought link at ico or ieo was able to hold it till when link blow up,  some have already sold long ago, so you to make a x and x figure is not for everyone  

I am very happy to see information about projects that have no value but end up having a high score as you mentioned. And I think all that requires patience to wait until the coin actually has a value..thank you

Nice buys for you in LINK and AAVE (actually didn't know it was called ETHlend) but for every success story you can share, there are 20 or 30 more of opposite failures. Myself am one example in 2016 and 2017 even, early adopters for various coins. Some had superb ideas, others had incredible project documents and vision.

I did not get lucky in a single one of them!:) My luck was THAT bad.

I have some bscex in my wallet, after I saw the value from $ 0.3 to now around $ 2. bscex is a concept like UNI but runs on a BSC blockchain which is lower than UNI when making trade transactions, if anyone is interested, please see their telegram @bscextalk.
this is still new, of course, has a big risk as well as everyone is responsible for the choices he made.

Yeah it's actually kinda silly when you see people buying when the price is already too high and sell their coin when bearish market comes while cursing that they got lied. So many people keep saying to buy low sell high and yet so many people doubtful and anxious when low and buy when high like WTF?
I wonder what's the reason that could influences people's mind into doing such thing. but one thing for sure, people always got greedy but not at the right time for example, when bullrun happens.

but 99% of the people who fail have at least learned from their failures. maybe they failed the first time they tried, but the second chance, I think they already have some knowledge. You know experience is the best teacher for knowledge. so it doesn't matter if they all fail, they will definitely rise up and succeed.

and I might be one of the 99%, but now are getting better. I get profit from all my investment. and I understand more about risk management, more patient and don't panic easily. all of that because I learned from my old mistakes.

99% crypto investor lose because they only here for hype. They wont stay long when bears matket comes, the right thing to do when bears market down is buying and HODLing. Not buying high and selling Low and buying again when its up. Hodl coin is never be easy thats why only few people can succeed.

i agree if someone will fail in crypto investments if they don't understand about cryptocurrency
but i think not about 99% mate, for sure less than 99%
thats why people must learn first before they earn from crypto world

I think is stupid to expect everyone to think or behave the way you are behaving or want them to behave. It is easy to Pick of winners like Bitcoin and Ethereum but what about Peercoin, Mastercoin, Bitconnect, Primecoin and thousands of these coins that are dead now. You make your investment decision, I will make mine and there is no law  that says, after selling you Bitcoin, you can not buy back

How could you say if it's around 99% from the total crypto users who have not yet understood about crypto itself? it should be less than it.
people didn't wanna see they got scammed by the scammers and that's why they will always be feeling worried to bet into the new crypto just like when bitcoin being introduced by satoshi 10 years ago.
That percentage is not correct.

The biggest disadvantage is having a cryptocurrency based on fomo and hype that grows and is not traced any further. Most of us only know about price increases, and don't know much about what cryptos are trading. it is too ambitious to only see the benefits without studying market movements.
ah, I think back to 2018 when I lost 3 bitcoins in one night.

We always hear about the success stories. "Mined 50 Bitcoin back in the day and just found the wallet again.",
"Bought 250 ETH for $2000 total and just sold them all"...

We also have more recent examples, like I bought LINK in January 2018 (which isnt THAT long ago!) for about
50 cents each. Now its at $20. Similiar case with ETHlend (which is now called Aave). You could easily make
x50 or even x150 on these coins. Kinda like early Bitcoin/ETH Investors.

But only if you got in early and trusted them early and saw their potential.

When people bought BTC, ETH, Link, Aave cheap 99% of people thought they are shit. And they didnt buy any.

Now they are high in price the 99% all want them because they dont see what brings success in crypto:

Do it like the people who were first in Bitcoin, when it was uncertain and nobody knew what would happen

Will you lose some money? Yes. But do you have a chance to turn $50 into $50k? Definitely.

So uncertainty and making failures is GOOD in crypto. Its a new evolving market still. Google wasnt the first
search engine there was many before that were huge but failed. The same can still happen to ETH when there
simply isnt enough new investors anymore to push the price to $3000.

Here is two projects I find interesting they are at a very low market cap still. So no wall street, no venture capital,
no large bag holders, are in yet. Will they be big? I dont know. But can you get x1000 if they blow up some day?
Or just x10 if they continue to grow? Then maybe another x10? Definitely yes.

See if you buy some token or coin for 3 cents and it goes to 30 cents you already made x10. Now if it goes
from 30 cents to 90 cents, thats another x3 so you already turned your 3 cents into 90 cents, which is x30.

These are my current favorite picks after checking out 100s of projects.

Interview with world leading KoinOS Blockchain developer
https://www.youtube.com/watch?v=kO_h8Mtl5po
https://www.koinos.io/

Fork of Nano (more fun, still cheap)
https://banano.cc

Feel free to post other very cheap projects that have an active community and a great team and that may
revolutionize crypto some day!

Ones where Wallstreet/Banks/Whales are not invested in YET.