Crypto (btc) is not for the weak | Bitcointalksearch.org

summonerrk

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Quote from: Bushdark on April 27, 2023, 05:20:20 PM

Quote from: summonerrk on April 27, 2023, 02:46:39 PM

Quote from: knowngunman on December 31, 2022, 12:51:45 PM

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Bitcoin has always been very different in value from any other cryptocurrency. It would seem that the ETH should not lag far behind in popularity, because now there is still a boom in NFT, and almost all of them are on the ETH At least the most serious ones. But still Bitcoin is Bitcoin, an icon, everyone has heard its name.
So his holders are those who do not have a weak character, these are people who want stable profits, and not to lose money through shitcoins.

Only the volatility of Bitcoin can make one to know that holding Bitcoin is not for the weak. The market is extremely volatile and we need to know what we are doing for us to make good management of what we are holding and do well as a cryptocurrency investors in the market. There are people who had tried to be a good investors and had made the mistake of selling all there holdings because of little market movement that is not that tok favourable when sell when the mark6is going down.
We need to know what we are doing or else we may end of selling after small market volatile.

This is a common mistake of beginners: selling because nothing happens. And a weak investor wants volatility. After all, it's boring to sit and wait for a miracle, that's why they sell. And bitcoin is full of surprises - the day before yesterday it grew from 28 in a day to 30, and this is a significant movement for him within the framework of one day! In investing in BTC, you need to have patience, because like in a fairy tale - a turtle overtakes a hare.

so98nn

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It never happened that someone who came to bitcoin world just for fun or may with serious intentions of earning money and left with millions immediately. Frankly, those who are early shifters will never get the drift of entire thing. Crypto space is not something that can make you money overnight. It never work like that due to few of the facts such as volatile nature, gives bitcoin a trendy pattern all the time. However, the profitable domino effect can only be seen over the period of 2-3 year on average. This is close yearly average when bitcoin goes under halving and pump becomes more aggressive.

But this is just one example of cyclic change. Peeps tend to leave the market within 6-12 months so yep, they are falling for the ponzi traps, shitty alts, and unplanned short investments. Definitely they will have to leave it early anyways.

Oluwa-btc

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Quote from: BlackBoss_ on December 31, 2022, 07:08:18 PM

Crypto is not Bitcoin and Bitcoin is one of cryptocurrency. The title is not correct and I think a correct one is Crypto is not for the weak or Bitcoin and crypto are not for the weak.

If you use Crypto (btc), you imply Bitcoin is like altcoins. Fiascos in 2022 started with Terra, FTX and they are altcoins.

And even if he finds Bitcoin too strong for him, can't help himself whenever he gets so much losses, you know not everyone can handle the emotions, no? He can kindly run and leave the whole shit for good. Nothing works for the weak, and Crypto really isn't a sphere for one weak arseling.

And Yeah, true, Bitcoin is king when it comes to Cryptocurrency. Bitcoin is fascinating, like it isn't controlled by any individual and purely decentralized.

tokentitan

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It is true that investing in cryptocurrency can be risky, but it is also true for any other type of investment. Without proper understanding, research, and experience, one can lose money in any field. High risk can bring high gains, but it is important to set aside some money for investment and have a good understanding of risk management.

The fact that some of the wealthiest investors and founders in the crypto industry have lost money shows that no one is immune to market fluctuations. However, it is important to remember that market downturns are temporary, and the overall trend of Bitcoin and other cryptocurrencies is upward.

It is important to stay strong and patient during market downturns, and not to panic sell based on short-term fluctuations. As long as we have trust and hope in the long-term potential of Bitcoin and the cryptocurrency industry as a whole, we can weather the storms and come out stronger in the end.
Even this bear market has come to greed level.

robelneo

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Quote from: knowngunman on December 31, 2022, 12:51:45 PM

Crypto currency as a whole despite its advantages can be very risky. It appear to me as a battlefield where only the strong can survive and weak ones will eventually give up. I came across this and it worth sharing not to scared us but to build hope in us that we are not alone on this.
It was reported that about 17 wealthiest investors and founders lost about $116 billion in less than a year.

Quote

As a result, 17 of crypto’s wealthiest investors and founders have collectively lost an estimated $116 billion in personal wealth since March, according to Forbes’ estimates. Fifteen of them have lost more than half their fortune over the past nine months. Ten have lost their billionaire status altogether.

The data you provided maybe accurate but it is not permanent once Bitcoin surges there will be massive changes, I don't think these whales will dump their share of Bitcoin to cut their losses, they are the industry giant and they've been to a lot of changes, remember CZ, when Bitcoin was dropping during the pandemic, announced that he will not dump his shares no matter what.

If you ask these whales I don't think they are bothered by what they are seeing in the market because they knew what lies ahead they have insight and they should not show they have weak hands because they are the industry giant and people are looking at their actions.

Quidat

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Quote from: Bushdark on April 27, 2023, 05:20:20 PM

Quote from: summonerrk on April 27, 2023, 02:46:39 PM

Quote from: knowngunman on December 31, 2022, 12:51:45 PM

...

Bitcoin has always been very different in value from any other cryptocurrency. It would seem that the ETH should not lag far behind in popularity, because now there is still a boom in NFT, and almost all of them are on the ETH At least the most serious ones. But still Bitcoin is Bitcoin, an icon, everyone has heard its name.
So his holders are those who do not have a weak character, these are people who want stable profits, and not to lose money through shitcoins.

Only the volatility of Bitcoin can make one to know that holding Bitcoin is not for the weak. The market is extremely volatile and we need to know what we are doing for us to make good management of what we are holding and do well as a cryptocurrency investors in the market. There are people who had tried to be a good investors and had made the mistake of selling all there holdings because of little market movement that is not that tok favourable when sell when the mark6is going down.
We need to know what we are doing or else we may end of selling after small market volatile.

Selling out your coins doesnt mean that you are weak specially if you are still that on the green side then selling out does have different reason whether you are really that have personal plans or choice
about securing profits or simply your take profit had been trigged out. Crypto investment whether you are holding Bitcoin or other altcoins isnt really for the weak. If you cant hold that long then you dont have the chance on making huge profits but of course it would be entirely depending on what project you are really that dealing into. For those who do love to play with fire, then instead of holding then you would really be making out some active trading towards bitcoins price which is something that not everyone could be able to pull on.

You would be needing lots of things to be considered out first because investing and trading is totally different but still sharing up on the same intent which is to make profits.
If you are really that weak when it comes to emotion and control then you are really that prone to lots of errors.

ilovealtcoins

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Quote from: bosede1 on April 27, 2023, 04:04:47 PM

I was wondering which type of weak you mean, if is to say weak financially, with an individual who has a plan for the future even with low-income such an individual can still come up with an amount to invest after saving for a while

The OP is talking about the weak hands in investment, not the weak in finance and no one is saying that the poor are weak. Those who like to get rich quickly, those who panic sell when the market fluctuates...those are the weak hands in the market. And bitcoin is really only for people with diamond hands.

Bushdark

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Quote from: summonerrk on April 27, 2023, 02:46:39 PM

Quote from: knowngunman on December 31, 2022, 12:51:45 PM

...

Bitcoin has always been very different in value from any other cryptocurrency. It would seem that the ETH should not lag far behind in popularity, because now there is still a boom in NFT, and almost all of them are on the ETH At least the most serious ones. But still Bitcoin is Bitcoin, an icon, everyone has heard its name.
So his holders are those who do not have a weak character, these are people who want stable profits, and not to lose money through shitcoins.

Only the volatility of Bitcoin can make one to know that holding Bitcoin is not for the weak. The market is extremely volatile and we need to know what we are doing for us to make good management of what we are holding and do well as a cryptocurrency investors in the market. There are people who had tried to be a good investors and had made the mistake of selling all there holdings because of little market movement that is not that tok favourable when sell when the mark6is going down.
We need to know what we are doing or else we may end of selling after small market volatile.

serjent05

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Quote from: AicecreaME on April 27, 2023, 12:30:57 AM

You'll know right away if they are weak emotionally, and at the same time, stupid.

They will invest in Bitcoin or any cryptocurrency right after they've seen their friends making money out of it, without any questions asked like "how is that possible?", "What am I supposed to do?" just "how can I deposit my money to Bitcoin?" and that's it. Next day, they'll flood you of "why is the price going down, my money is slowly disappearing" something like that.

They didn't know that cryptocurrency is not the same like fiat, it's much complicated so research is a must before depositing your funds in cryptocurrency.

Those weak are people who are shaken when the price of Bitcoin is decreasing. They often panic sell even if they are at a loss. The lack of knowledge is the reason why these people panic sell the moment FUD is circulated in the market, or they got nervous because they used their lifetime savings to invest in a surging Bitcoin market. To avoid this kind of incident, a person must strive for Bitcoin market knowledge and or invest only the amount they can afford to lose.

Those diamond hands are knowledgeable and have faith in Bitcoin. Cryptocurrency is indeed not for the week especially to people who hates researches and learnings.

bosede1

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I was wondering which type of weak you mean, if is to say weak financially, with an individual who has a plan for the future even with low-income such an individual can still come up with an amount to invest after saving for a while

bayu7adi

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Quote from: AicecreaME on April 27, 2023, 12:30:57 AM

They will invest in Bitcoin or any cryptocurrency right after they've seen their friends making money out of it, without any questions asked like "how is that possible?", "What am I supposed to do?" just "how can I deposit my money to Bitcoin?" and that's it. Next day, they'll flood you of "why is the price going down, my money is slowly disappearing" something like that.

They didn't know that cryptocurrency is not the same like fiat, it's much complicated so research is a must before depositing your funds in cryptocurrency.

No one would engage in such an act unless they were ignorant about economics and had an abundance of disposable income. Investing in something like Bitcoin without any knowledge about it is akin to taking a leap of faith and relying solely on luck. It's not much different from gambling in a casino.
However, it's crucial to learn about the factors that have kept Bitcoin in existence to this day. This way, new investors can gradually and steadily comprehend the potential and risks involved.

summonerrk

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Quote from: knowngunman on December 31, 2022, 12:51:45 PM

...

Bitcoin has always been very different in value from any other cryptocurrency. It would seem that the ETH should not lag far behind in popularity, because now there is still a boom in NFT, and almost all of them are on the ETH At least the most serious ones. But still Bitcoin is Bitcoin, an icon, everyone has heard its name.
So his holders are those who do not have a weak character, these are people who want stable profits, and not to lose money through shitcoins.

panganib999

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For a while I had this skewed vision of lost money whenever I see the market go red. Eventually I relinquished that stupid notion and realized that, as long as I don't sell, my money's still intact. Still, over the years I found that notion being stupid, especially since I suffered heavy losses during bitcoin's bear markets, so I learned to gauge how much I can lose and keep what I have to in order to get by and still have a sizeable investment portfolio at the end of the ordeal.

But what does it have to do with the post, you might ask.

Well, for the most part, OP is true, bitcoin's not for the faint of heart, mainly because your profits could go *poof* at a moment's glance. But not only that. The journey to becoming a decent investor doesn't stop, you'd find yourself learning from your experiences, other's stories, and more. If you don't learn as an investor you haven't gone anywhere and you might wanna rethink your life decisions. This along with the fact that there's no profit certainty in bitcoin and crypto as a whole makes the industry not for everyone.

ItsCrafty

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In crypto only strong hand will always win. There will be many buyer from the start of btc trading but only fewer holding for long term and other sold their btc at earliest stage and now seller will just crying why they didn't hold for some years more while strong holder will enjoy now the real benefit.

Btc price fall and rise is changing over a time and i think btc ks not for an year also. minimum you have to wait atleast five year or one full four cycle to enjoy the real profit. Those Buyer who just invest for one week or months are just testing this service .

AicecreaME

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You'll know right away if they are weak emotionally, and at the same time, stupid.

They will invest in Bitcoin or any cryptocurrency right after they've seen their friends making money out of it, without any questions asked like "how is that possible?", "What am I supposed to do?" just "how can I deposit my money to Bitcoin?" and that's it. Next day, they'll flood you of "why is the price going down, my money is slowly disappearing" something like that.

They didn't know that cryptocurrency is not the same like fiat, it's much complicated so research is a must before depositing your funds in cryptocurrency.

adzino

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Quote from: romero121 on April 26, 2023, 06:57:10 PM

Crypto is for everyone, whether a person is weak or stronger doesn't matter. Even the weaker person can be successful, when they have the patience to win the market. Most of the time the small volume holders and the beginners into the market have the weak mind, because they haven't experienced much about the market as well as have big dreams about turning rich through the investment. The reality is different and the same all of the sudden gives disappointment. Some used to experience surprise and they turn positive further whereas the failed one turns negative, such scenario shouldn't happen. Better learning and they need to stay atleast for few months time then weaker minds too understands well about the market.

Nah, I don't agree with you on this. Don't force bitcoin on every person in the world. Crypto and especially Bitcoin is NOT for everyone, especially those who can't afford to take the risk. The crypto market is highly volatile and a person who can't afford to lose money should not invest in it. It's not just about having patience, it's about being mentally and financially prepared for the ups and downs of the market. Investing in crypto is not also for beginners with big dreams of turning rich overnight. It's for people who have a good understanding of the market and are willing to take risks but understanding what they are doing and everything is calculated. It's better to educate yourself thoroughly before investing in crypto, rather than just jumping in with high expectations I would say.

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Quote from: crypticj on April 25, 2023, 07:19:27 PM

I think it's not cool to say crypto is for someone specific. Crypto is for everyone and everyone can use it. You can even use crypto if you don't know anything about it.

And it's great that even people in poor countries with bad education can use crypto to make their life better. Cos most of these people are probably unbanked.

Yes, bitcoin or crypto is for everyone, rich or poor, the rich can invest, and the poor are given the same opportunities as the rich. But what OP means here is bitcoin is not for the weak hand, this is a financial market and market like battleground. Only diamond hands with a strong belief in bitcoin can succeed, those who are weak, have no faith, are not patient enough... want to get rich quickly are not suitable for bitcoin. One more thing that I also disagree with is your statement, if you don't have knowledge about crypto, then you can't use or invest in it.

romero121

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Crypto is for everyone, whether a person is weak or stronger doesn't matter. Even the weaker person can be successful, when they have the patience to win the market. Most of the time the small volume holders and the beginners into the market have the weak mind, because they haven't experienced much about the market as well as have big dreams about turning rich through the investment. The reality is different and the same all of the sudden gives disappointment. Some used to experience surprise and they turn positive further whereas the failed one turns negative, such scenario shouldn't happen. Better learning and they need to stay atleast for few months time then weaker minds too understands well about the market.

Twentyonepaylots

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Quote from: blackened515 on April 26, 2023, 10:57:27 AM

Quote from: brother brother on April 26, 2023, 05:38:06 AM

To succeed, there should be a place in your heart to take risk, nothing good comes easy, in life everything is all about risk, because no one we can see or even know or discover some things about life and ourselves yet, e.g some go out and never returned back again!, So is unknown to him that he will never returned back and this never stopped us from going out again or using vehicles despite all various kinds of motor accident.

Bitcoin is for those that can retain risk, and these are people that are strong minded, to cope with lost and profit. If you fall you rise again and keep on rising until you reach your destination. So expect the worse and the bad in life before you succeed.

Taking risks have been part of my daily routine, the higher the risks, the higher the rewards. Creating awareness about the market and there's enough opportunities to gain Profits, my colleagues are privileged to gain crypto knowledge from me because I make good emphasis on the project, the same thing applies to losses. We should be able to lay good path for the market, so inother to grab every chances of profits other than stick to just one plan. Cryptocurrency is actually not for the weak, only the strong survive. Bitcoin have be in existence for a long time granting profits for traders and investors.

Indeed, crypto investments are not only challenging but also and unpredictable experience since there is for one thing the volatility of the market making us feel a lot of emotions as it make movements on the charts. Risk would always be accompanied in every investment, the difference is the there is higher risk in crypto and you should make your self willing to stand firm to the major movement of ups and downs of the market. Having critical and technical knowledge is also important so that you know what you are entering. Planning out using the knowledges and experiences that you have will be an advantage but always be cautious with your decisions and emotions so that you can always have the right decision for yourself.

blackened515

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Quote from: brother brother on April 26, 2023, 05:38:06 AM

To succeed, there should be a place in your heart to take risk, nothing good comes easy, in life everything is all about risk, because no one we can see or even know or discover some things about life and ourselves yet, e.g some go out and never returned back again!, So is unknown to him that he will never returned back and this never stopped us from going out again or using vehicles despite all various kinds of motor accident.

Bitcoin is for those that can retain risk, and these are people that are strong minded, to cope with lost and profit. If you fall you rise again and keep on rising until you reach your destination. So expect the worse and the bad in life before you succeed.

Taking risks have been part of my daily routine, the higher the risks, the higher the rewards. Creating awareness about the market and there's enough opportunities to gain Profits, my colleagues are privileged to gain crypto knowledge from me because I make good emphasis on the project, the same thing applies to losses. We should be able to lay good path for the market, so inother to grab every chances of profits other than stick to just one plan. Cryptocurrency is actually not for the weak, only the strong survive. Bitcoin have be in existence for a long time granting profits for traders and investors.

Topic: Crypto (btc) is not for the weak (Read 540 times)