99% will lose everything in Crypto. Are you smarter than a 5 year old?

asriloni

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Quote from: muenze on February 01, 2021, 02:34:57 PM

Buying ETH now for $1300? Lol Whats the point? Ok maybe it can go to $3000 and you gain about 150% but what about those who bought it for $0.25 gaining 10029292010% ? Dont you want the same? So look at KoinOS and Banano and other promising LOW MARKETCAP PROJECTS.

As far as I know if it could be less than it dude. I remember you can use 100 bucks to get a few hundred thousand worth of RAI block in the past when the faucet was still giving a lot of reward and I guess those early adopters have become the millionaire from nano.
The only reason why people are still buying it due to the FOMO and HYPE. They wanna get profit from their trade and they didn't care what will be their position.
They only care about their profit. That's why there are lots of massive buys. People are still buying ethereum at the higher price consider it has a bright future.

People have their own reason for that.

Dollar_Hunter

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Quote from: NextDoor125 on February 15, 2021, 03:36:21 PM

I'm fully appreciating your opinion, No one can not be make a profit by buying a high volume tokens or coins. Because the crypto industry is always unpredictable at all. So, when a listed coin is pumping then we don't should need buy this type coins in it's crazy period. In this case, if you buy a crazy coin then you can be loss. So, that's why pin pointing is most important in cryoptocurrrency.

It is true that cryptocurrency is very difficult to predict because we know for ourselves that it is volatile,
so if we really want to invest in cryptocurrency then we have to understand things related to crypto,
we must always follow the movements and developments of coins in the market,
because if not of course we can lose the moment

MCDev

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A friend told me that we should not be too greedy to enter the cryptocurrency market.
In your words, if you invest in Ethreum coin, you will probably get a return of about 150%, maybe for you that profit is small but for me it is a terrible profit. We cannot find any real world investment that would be so profitable
On the other hand, investing in new projects brings more risks than the profits it brings, there are thousands of new projects emerging in the crypto market, but very few successful projects.

NextDoor125

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I'm fully appreciating your opinion, No one can not be make a profit by buying a high volume tokens or coins. Because the crypto industry is always unpredictable at all. So, when a listed coin is pumping then we don't should need buy this type coins in it's crazy period. In this case, if you buy a crazy coin then you can be loss. So, that's why pin pointing is most important in cryoptocurrrency.

avarnet

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@OP said can't be explained based on data. In my opinion, if we buy at the beginning with a large nominal and expect a high return it is tantamount to gambling. investment is not that. Having 100% Gain is enough with the risk that you can minimize. Instead we have to gamble with initial projects that may not be as successful as you say. I do not recommend hunting altcoins with low trading volume

ahoenk

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The only reason people lose money is greedy, they want to get one night to be milkionare and it is does not exist. Only if you won jackpot. Me for example, i have like 1000 dash in my wallet back in 2014, and it is all gone because i am greedy and lose it all. Invest in your belived project then let it run. For example : if you trust project from xsl lab, buy it now at the ico time and wait untill the project is done and succeed.

bitcon

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Quote from: Eco_111 on February 02, 2021, 08:57:43 AM

Shit coins will always be shitcoins either you buy low or you buy high, the most important investment advice is to buy good altcoins, those who invest in altcoins when they are high still makes lots of money out of them, years ago the ATH of BTC was 19k and this year BTC did 47k, strong coins will always bring profits

Well, if cryptocurrencies were a deliberately losing business, people would not have promoted it for so many years. Yes, many lose money due to inexperience or ignorance. 99% want everything at once, but this does not happen. You need to learn everything, even make money. If there is no understanding of the rules of the market or exchange, then there will be no profit.

zasad@

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Quote from: muenze on February 04, 2021, 05:00:12 PM

Quote from: zasad@ on February 04, 2021, 04:51:52 PM

I lost 95% of my deposit.

Same happened with ETH now. I doubt Banano would fall 95%. I guess it would depend on how much the team keeps working on it.

You seem to just have gotten extremely lucky buying the worst altcoins. I had quite a few who survived the last crash like ENJ, Aave, Link..

Of course looking back.. should have put A LOT More in these... Because yeah I had some projects go bust too where I shouldnt have invested maybe.

Its easy to make stupid choices in Bullrun.

In 2017, I didn't have a good experience in trading and investing in cryptocurrencies. I bought the right coins, but I didn’t sell them on time and expected the prices to rise.
banano project looks very bad against the background of all the hype
https://www.coingecko.com/en/coins/banano
The coin is traded on unpopular exchanges and has a small Trading Volume.
But this is not the most interesting thing. After such a hype, dumps always follow. The dump will be fast and we can drop sharply by 10-20%

Arkann

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Quote from: odukoyaewatomi27 on February 05, 2021, 11:09:20 AM

In the cryptocurrency world, investors who completely comprehend cryptocurrency wait and invest in the bear. But when bull market start, individuals hear and invest in cryptocurrency from news and ads to bring in money. In these news, they take numerous cryptocurrencies from the top and endure genuine losses. To put it plainly, the best purchasers are the individuals who don't have the foggiest idea about the cryptocurrency market.

I completely agree with you that a more profitable investment for the person who is constantly present in the cryptocurrency market and monitors everything that happens. But today you need to take into account the fact that the largest investments come in the top-rated cryptocurrencies, especially in Bitcoin and Ethereum, and beginners should think about security and stability and thereby choose the same Bitcoin and Ethereum for their investments.

odukoyaewatomi27

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In the cryptocurrency world, investors who completely comprehend cryptocurrency wait and invest in the bear. But when bull market start, individuals hear and invest in cryptocurrency from news and ads to bring in money. In these news, they take numerous cryptocurrencies from the top and endure genuine losses. To put it plainly, the best purchasers are the individuals who don't have the foggiest idea about the cryptocurrency market.

Review Master

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Quote from: terible.hunter on February 04, 2021, 03:45:11 PM

I don't think your statistics are correct. I agree that many people do spend a lot of funds in cryptocurrencies because this asset is very risky. But that's not 99%. Now is a very good time to make money.

Yes, now is the right time to make money by considering some of the risks in choosing good tokens, because market conditions are in good shape, so the timing can be very precise.

It's not a like a win-win situation to make good profits from any alts as more shitcoins will be there to do pump and dump. So, only bitcoin is real for long run and it's better for all to convert their profits from alts into bitcoin, even if anyone take part into alts in current market. Also, some groups are doing pump-dump things just like previous bull run and we should be careful before taking any actions on those by being into fomo.

hd49728

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Quote from: DeathAngel on February 01, 2021, 03:32:43 PM

Throwing money in to new alts is risky. I’m 100% bitcoin any way but i understand why people buy ETH etc.

Follow the leader of any market, with crypto market, it is Bitcoin. Others are following bitcoin and investors should use all or most of their capital for bitcoin investment, not altcoins.

Quote from: qwertyup23 on February 04, 2021, 10:46:21 AM

Some altcoins, like ETH, XRP, etc. can be considered as a "safe investment" since they have proven itself on the market every bull run.

It is not about bull runs but about bear market. Projects you named here have been in the market for years and they have gone through 2 cycles of bull-bear-bull market. Those cycles show that their developers keep their projects moving. I am not saying they are good or bad developers but they did not abandon their projects. Their communities grow and price rallies with each bull market.

Quote

In the case of new altcoins, however, they are definitely risky. While it may seem appealing to invest into new altcoins especially if they offer very promising returns or ideologies, they are still risky as anyone can just run away with the invested capital.

New altcoins will have fast pumps and dumps, waves but risks to get loss are bigger than chances to get profits. It is true for newbies in the crypto market. Easy comes easy goes. They won't be able to protect profits and capital, all will go away with bear market.

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And since I witnessed the fate of almost all altcoins in 2017, I would rather invest now in well-established coins even though they are expensive. It's not all about the price, but what it does for the crypto world. After all, when you invest in cheap altcoin, of course, you will think its price will increase. That's the mindset of everyone so we bought. But you will only know the consequences and results when the time comes, whether you will earn or lose. In the beginning, we say that the price will increase because it is new and the others are just imitating, but until when? No one can say and it will suddenly fall when there are no patrons and its trend has stopped. If you want to make money from your investments, sell them when you think you have earned enough. Because if you hold on for a long time, that might be the reason for your defeat, you will only regret it later.

muenze

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Quote from: zasad@ on February 04, 2021, 04:51:52 PM

I lost 95% of my deposit.

Same happened with ETH now. I doubt Banano would fall 95%. I guess it would depend on how much the team keeps working on it.

You seem to just have gotten extremely lucky buying the worst altcoins. I had quite a few who survived the last crash like ENJ, Aave, Link..

Of course looking back.. should have put A LOT More in these... Because yeah I had some projects go bust too where I shouldnt have invested maybe.

Its easy to make stupid choices in Bullrun.

zasad@

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In 2017, I was also thinking like an author and wanted to get rich very quickly. I bought various shitcoins and tokens for $ 15,000-20,000. Many of them grew 2-10 times, while the price of some fell. In 2018, I could take profit and sell everything several times more expensive, but I wanted a lot of X's. In 2019, many projects were closed, others fell in value and I lost 95% of my deposit. Since then, I have not invested in shitcoins for a long term

I understand that I was a bad investor and I was not lucky, but this is not only my story. My colleagues have lost a lot more when investing in shitcoins.
I am engaged in short-term speculation with Defi project tokens, but I will definitely not buy BANANO.

terible.hunter

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I don't think your statistics are correct. I agree that many people do spend a lot of funds in cryptocurrencies because this asset is very risky. But that's not 99%. Now is a very good time to make money.

oprahwindfury

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there are additionally a great deal of coins here that has been around for quite a long time that are not acquiring consideration from financial backers, these activities have a steady local area with exceptional highlights projects like Idena and Banano merits a spot in the top situation on the lookout and in the event that you are searching for acceptable tasks these two merits our consideration.

Sourhearrt

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It's all about knowing the right time to get in to buy coins and knowing the right time to sell for profit, just keep repeating the process and you will see yourself in big return of investment, there are times to buy and time to sell, right now it's definitely time to relax and start taking profits instead of investing, anyways people just love taking risks and no one can change that

ethereumhunter

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Maybe @OP needs to visit Binance and see the order buy and sell for every coin, so he can see that many traders are trying to profit from all of that coins. Besides trading, that trader is also investing in many projects, even in the new projects, but they will always research to know which project can make them profit in the future. Nowadays, it will not be easy to identify the real new project because almost all projects have the same idea, and many of them are fake and want to scam the investors. So if I were you, I would not use my money to invest in an unknown project, and I will invest in a project that already has a market. Even if I invest in the new project, I will not use too big money because that will too risky for me.

Kvalentine

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It's all about satisfaction mate, I can be contented with 1% gain and you may not be contented with that, you can't tell what people should be satisfied with or not, Ethereum is a big altcoin that I can still make 20% gains from, it's my choice not yours, though it's always smart to buy coins when they are cheap but now you can't stop people from buying even when price keeps surging

Topic: 99% will lose everything in Crypto. Are you smarter than a 5 year old? (Read 525 times)