Topic: 99% will lose everything in Crypto. Are you smarter than a 5 year old? (Read 584 times)

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.

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

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.

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.

@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

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.

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.

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%

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.

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.

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.

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.

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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.

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.

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.

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 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.

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.

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.

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

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.

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

Please do as well as you want and what you believe in. But you can't force and even change people's perspective to do what you do. If you have your own way of making a profit of up to thousands of percent on the altcoin you believe have potential, then you just have to wait for the right time to make a withdrawal and enjoy your profit.

There is nothing wrong with trading and investing in altcoin that are proven to provide returns in the short and long term like ethereum and other well-known altcoin. Did you forget that these people could still sell their altcoin if the price dropped and would take a bit of a loss by cutting the losses ?
All major altcoin today have large user communities, which will give them the strength to last longer in the market even when the price dump rapidly. The price will recover and you cant blame this fluctuation. Do what you want and let these people determine how they will profit. Their money is their responsibility.

Smart and wise people will never go along with the hypes but wait when the market dumps, and invest. Those who buy crypto during the bullish a big chance to lose. 2017 bullish season serves as an example where many jumpers, beginners are into Bitcoin investment because they think that it continues to pump high but what happens after reaching $20k gives a surprising end.

Can't people think that way? Or they are just a perma bull that can't even think about dumping.

I highly agree with your statement.

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

Bitcoin will still be the reigning cryptocurrency even to the years to come. Purchase and HODL it for long-term for maximum profit at the end of the day.

simply crypto investing for people who are new to crypto is a gambling game. we just predict and the future market answers. different for people who are already professionals in the crypto market either trading or investing. although they do not rule out the possibility of getting a loss, what they have done is to minimize the risk and increase the potential profit.
new projects or old projects that are already on the market from my point of view have risks and potentials. it all depends on how we process everything so that it becomes an advantage.

Well you can't blame people from what you asked, some have the lazy mindset of "meh it will have price correction, better invest later than now."
I had read a thread in here before wherein they said that "First best time to invest was 10 years ago and second time is now". Quite the enthusiasm
actually.
I hope that many people still have that kind of mindset these days.

Honesty and being unbiased can never be an insult to a serious investors.

You know what happens in a crash? 99% of people lose. See Corona in 2020 only ones who got richer
are the 0,1% the wealthy. Its because the MASS never makes rational decisions.

So what people on Bitcointalk often do is have a poor people mentality. They dont trust their own
opinion and they dont put the effort to find LOW MARKET CAP HIGH QUALITY PROJECTS

Like maybe KoinOS. Did you watch the videos of the devs or read their whitepaper?

Most people just run with the lemmings and jump from the cliff into ETH which already
proof it can crash by 95% and more making 99% of people lose all their money this cycle
never ends and only the rich get richer.

Crypto was created so the poor people have the power. But you give up your power if you
go in expensive projects with the mass. You want to SELL your cheap coins once the mass
is in it.

Its 100% obvious and objective, the only crypto millionaires are those who saw chances
and opportunity EARLY.

That figure (99% dumb money) are an insult to investors, what do you think of us, we don't understand what we are doing?

Let's say if we have 1 million users of crypto, so you are saying that 10k only are smart money or smart investors? I think that is too unrealistic.

We maybe make mistakes and I can call it a normal thing but some of us will certainly learn from their mistakes and will recover that loses eventually.
Investing is not only one time, you can do it more often if you feel consistent already.

You are picturing the whole crypto space as a ponzi scheme.

If you don't see any value in ETH in particular, then you are completely right. It doesn't make sense to invest in it from an investors point of view while there are many others with a bigger potential.

But then what makes your shitcoin banano special? Nothing. (other than being dirt cheap)

Every day, new coins appear on decentralized exchanges, the price of which is several dollars and each of which has all the chances to increase in price several times. I like to use Binance Smart Chain for buying new coins, which has a commission of a few cents, unlike the ethereum network. Thus, the commission cost will not exceed the cost of the purchased coins, and will allow you to buy a small number of new coins

Thats only partly true. Its not a casino. You can do a lot of research on small projects and spread your money.  Just I think most are not willing to take the risk or dont understand basic math. Even if you only invest 1% of your ETH into a small project. It can easily bring you more profit than all your ETH. Now if you are smart you put your money on several small projects

It's all about learning lessons, those who are new to crypto will surely take some wrong step before they get things right, it happened to me in the past, I used over two years buying crap coins and 99% of these coins are dead, still I don't give up and today I finally know the difference, if you don't give up you will eventually get more knowledge

The only thing I feel here is that you are often more interested in news that the facts about what the projects are about. Agree that news is bringing about a huge growth during this period, but with it there will be many unauthenticated sources and very dangerous if you are not able to notice this, surely You will definitely swing the top, you will lose money, and you will hardly be happy with this market.

You have spoken your mind but when people remember what they have passed through in the hands of many scam projects or shitcoins they will prefer to stay or invest with good coins. It is quite true that some cheap tokens have the potential of giving high profits, at the same time, it is also true that a good number of them can easily exit scam or the team find reasons to abandon the project, hence the reason we have a higher number of dead coins and tokens in the market, hence the question of what happened to the investors that invested because they believed. Also, the reason why many people believe that most new or cheap projects are not worth it is because of their experiences where they dumped and never came up again, take a look at most dead projects you will understand better and also understand why Ethereum and so on are far better.

I clearly understand your trying to marketing some of the coin your holding apart from the BANANO coin forked from NANO what value it holds whats its Usecase . Aave ( Ethelend ) created wealth because its the biggest name in Defi platform holding more than 3 billion asset in platform . You can check in aave website . Also they made easy fro Defi lending

I really think that the best course of action is not to buy at the ICO price but not also ignore them completely neither. I mean at the end of the day we are talking about crypto here and you do not know which one is legit and which one is scam so you shouldn't really think that all of them are bad suddenly and give it up.

I personally think that if you check each coin at the pre-sale prices you will find some that are good. I found some just this month for example and I invested to it few months ago but it came out on the uniswap this week and it worths a decent amount of money, unfortunately I invested just 10 bucks so I didn't made a good return, but having 3x return means if someone invested 1000 dollars they would have gotten 3000 dollars back in just one month because some coins are just good. I am not saying invest into all of them, just do not ignore them.

there is nothing wrong with trying to find a new project to get more profit than other popular altcoins, but keep in mind that if the project is very prone to fraud, keep in mind that the bigger the profit the greater the risk of loss.

those low marketcaps could be a good one in the future, it all depends on how the projects development goes. Ive seen good low market cap projects go pump and maintain its position in the market but I agree that those 5 are indeed the best investments you can have right now specially eth and btc

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

True, now that kind of thing doesn't make sense anymore because the ICO project doesn't have a good enthusiast in crypto, so the risk is much bigger if someone buys it, so it's clear in this respect that trusting these coins / tokens: BTC, ETH, XRP , LTC, BCH are very sensible things.

So you're suggesting to buy some coin/token while it's on ICO price? We all know that buying those "LOW MARKETCAP PROJECTS" is just nonsense. I only trust these coins/tokens: BTC , ETH , XRP , LTC , BCH .

Very good point. I'm 100% agree with you. Just like Ark coin and Polkadot, Polkadot is just a copy cat of Ark coin ideas with fancy terms but look at it, people pump it like no tomorrow. It seem money just came out of thin air in this crypto land, it really is. Delegate/Validicktors, interoperability, bridging, or voting ect, Ark coin already done like 10 years ago even with much better interoperability wallets and mobile wallets. Money and crypto do work in dumb ways.
But hey this is how the world work just like trump and his supporters still believing he's the president and he'd won the election by landslide.

There are several ways to invest in crypto currency; relying on early projects before they are big is not one of those ways (ofcourse you can if you find it applicable to you). The core purpose of investment is to take profits and not get rich overnight (crypto currency is not a get rich quick scheme anyways). There are numerous top blockchains with which you can invest on; juld has done over 75% already from yesterday and it could do more more. The important factor in investing is to do your research and choose the best tokens to invest in without being greedy

Its the perks for being an early investor but even today, buying ETH or BTC still is early as some people who haven't yet learn about BTC. And there are many people worldwide wide doesn't even know there is something we call Bitcoin, so why invest to altcoins that haven't even surface the 100 in terms of marketcap?  There are certainly other altcoins that's more popular than Babano or Koinos that has bigger volume as well.

this is simply the truth. alot of people find it difficult to make research and keep following up on projects. and like i always say, you cant invest and see it do magic in a short while. it dosent happen that way. you have to be patient enough. imagine people that bought early days of ETH , BTC , had to wait for many years to be here today. this waiting period is a difficult one for the majority so its easy to buy expensive coins and take profit at 100% or 50% depending on their choice. there many promising low cap coins which can be invested into for very many gains with strong patience.

In short, they are just buying because it is either somebody tell them to buy it or they see that coin going up thus they want to ride the wave and when it went down they will rant on Social Media .

People are investing because of profit lets face it . Regarding the topic though, it is a bit clickbait and I don't want to agree with 99%. Maybe lower than that is good.

well, they are sometimes blinded by bonuses and other traps. however, it is difficult to identify such a coin. just like Doge, very few people realized the breakneck spike was happening, and even I held back other popular altcoins that didn't pump too high. Many people want to find alternatives and choose a new altcoin in the hope that the project will pump high in the future, but it is still very difficult to identify. If you want to play it safe, then go for the popular altcoins, but as you said that currently, the prices of popular altcoins are still quite high, so you need to wait for them. Well, if you want to choose a new coin, it might be great to choose a project that involves a large company like Binance. even if 99% of it is to dump money, there is still a 1% chance of making a big profit. I'm sure people still stick to the crypto world to aim for that.

why get mad when you already made 50x ? crypto billionaires do spend coins in expensive projects ,

take btc and eth for example . dont say that  99 percent of money in crypto is dumb money because we cant make profit if without the help by the billionaires because billionaires can be able to buy on any price but the poor people can only afford to buy at cheaper price and if they saw the price is already high because many poor already bought it ,

they will stop buying it .

Not only Banano, but there are also a lot of coins here that's been around for years that are not gaining attention from investors, these projects have a stable community with unique features projects like Idena and Banano deserves a spot in the top position in the market and if you are looking for good projects these two deserves our attention.

This is how the market works, isn't it? Market makers create a fomo that works for people with common sense and it is with this approach that you can earn money. In other cases, the chance to earn is no more than in a casino.

Not everyone will be able to hold a coin until it increases in value by 10,000 times. Most sell the coin when they see a profit of only a few tens of percent. KoinOS and Banano do not look so convincing that they can give such a high profit, which is thousands of percent. I have a negative experience of investing in ICOs in 2017, so I choose reliable coins such as BTC and ETH.

99% is too big, but at least 30%-40% of people are blindly buying anything they see. And most of the time they don't care about the price or what is behind that token or coin.

But I'm not complaining at all. These people are our chance to make good money.

I don't think it right to say, you can't make money in crypto when you buy when the price has gone up, early January some people will tell you, Aave, Ethereum, CRV, Alpha etc are expensive but most of them have done average of 3X at least, price is relative depending non the fundamentals values you are factoring into your investment, remember when BTC hit $20k we all thought it was too expensive but now $30+, so someone buying at the current price can tell you, the price is going to $200k. The most important thing is, is this token  value right, if No an you like the project, you buy and hoping to make money

Plus another possibility of eth going to $80 again like after last bullrun

Some people just like to make more money over time than their savings would make in crappy fiat banks. You mentioned a 150% return on ETH as a possibility, which probably will happen this year or certainly within the next few years. Where else can you get a 150% return in traditional fiat investments? You certainly won’t get it from an average mainstream banking savings account, especially now.

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

I get so mad at this. I made x50 on a lot of projects like Link, Verge, Aave(ETHLEND), Nano, and I know other crypto billionaires did the same way before me on BTC and ETH and even Doge.

But the reason we made these insane profits is we bought projects CHEAP. None of the crypto billionaires bought projects EXPENSIVE. Like Ripple, ETH, Link or Doge are now.

If you want to make $500k from $1000 you need to buy EARLY projects before they are big. And that is the beauty of crypto. Even the poor guy can make a fortune if he spots the rights projects while they are still cheap.

Like KoinOS which was made by the Steem DEVS (they had a hostile takeover by Justin Sun from TRX and were so mad they started Koinos). Koinos is still at only $0.03 a coin with a marketcap of around $3 million. Its CLEAR this will go to $50m or even more. So for every $1000 you put in you will get $50k$ back if it succeeds. I dont see how it cant succeed with having some of the best blockchain devs in their team.

Same for BANANO which is a fork of Nano. Nano(RAIBLOCKS) was distributed for free here on Bitcointalk back in the day. But now its expensive. However Bananao is still cheap at only ~ 2 Million Market cap also. Why would you buy NANO now??? I see people on reddit shill Nano to death but why? Because they got Nano for 1 cent? Well do you really think that will benefit you? How about buying Banano now for 1 cent ?

Why do people in crypto not get this? If you want to get rich with ETH it would need to go to $3mil for 1 eth. Or you will have needed to buy ETH for $0.25 as many did.

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.