Topic: Crypto business isn't for everyone (Read 590 times)
investing in crypto is indeed very profitable if someone already understands the science, because many people invest in crypto just because of an invitation from a friend who is lured of success without being told the consequences of profit and loss, and never try to invest in crypto using borrowed money, because it will have an impact on psychological and mental, because for example the market is down he will surely panic and maybe sell it, so invest with cold money not from borrowing, and investing or trading should not be the main source of income, make it your future asset you will be calmer.
Preferably, its all about patience and persistency in the end. And not all investors have these long lasting qualities, the reason why a lot have started to invest in crypto but only few have survived and become consistent in crypto. Some may think that knowledge and skills are already advantages in crypto, but after being hit by inevitable losses, it’s all about patience at the end of the day.
That's true, it does fall back to being patient in the end but, that doesn't mean experience is left out. They are have there place but the bottom line always remains at patience. One might buy low or at a dip and depending on how patient the investor might be, would either have loses or profit and the level differs. Same applies to someone who invested in a coin at a high and the market later went bearish. You lose nothing by not selling and so, should you be patient with the market to return, you stand to profit.Now, experience tells you the time to either get in or get out and make the most of your investment. They have there places.
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
This is a good point, the crypto world indeed some people think it's easy and simple, especially the investment part buy, hold and finish, in fact it's not.Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
In making crypto investments, not only buying, strategies, anti-manipulating the market, types of crypto options, negative and positive issues, price considerations, some basic crypto investment science is highly recommended to learn, If you make the wrong choice and make an investment, you may never get the expected profit.
On the other hand as you conclude right, it means patience.
Cryptocurrency business is always good for people who have financial plans and not only depend on cryptocurrency. It is a business that demands alot, good planning, zeal for learning more strategy and also to have patience whenever the market is not in a good shape. Cryptocurrency business demand some good qualities.
Investing in cryptocurrency is a very nice and lucrative idea but this isn't for everyone. Some people believe crypto is a get rich quick scheme so they invested in it. ..
Despite the well-known fact that a beginner should have knowledge about cryptocurrency before starting to invest, many beginners have earned a profit without having either knowledge or experience. But this is only possible in a bull market, when the price of the coin increases every day.
Greediness is what I think that kills some people they know when they are suppose to sell but they keep on thinking it will pump more, also they know when it will pump but they will still be thinking the coin will come down, they want to buy the bottom, we should always know when to take profit even if it’s little, you won’t keep on making lot of profit always.
Unfortunately, not all have the managing skill and strong emotions that can able to make decisions despite the volatile situation of the crypto market. Those who come without these things will often close their minds and quit. A reason why we can never see that all people love to risk their money in crypto as certainly, not all of us are willing to do so and have a wide market understanding, they still live in the doubts due to the influence of social media and others.
Greediness is what I think that kills some people they know when they are suppose to sell but they keep on thinking it will pump more, also they know when it will pump but they will still be thinking the coin will come down, they want to buy the bottom, we should always know when to take profit even if it’s little, you won’t keep on making lot of profit always.
Investing in cryptocurrency is a very nice and lucrative idea but this isn't for everyone. Some people believe crypto is a get rich quick scheme so they invested in it. They invested with little or no knowledge about it. They never consider how volatile the market is. In cryptocurrency, a single token/coin can go in your favour to make you a millionaire, the otherwise can also happen in a bearish market. One shouldn't invest in cryptocurrency if he/she:
👉👉is greedy: Some people want it to be bullish always. They never learn to take profit. They keep waiting for their token to do more than ×100 but in most cases this turn around and go against them making them to lose all profit and part of their investment because they end up selling in panic.
👉👉is impatient: They invested waiting to make money within days/months forgetting it may sometimes take years to make good profit. Most end up selling their token in little deep.
👉👉is too lazy to learn: You must be ready to learn to make it big in the space. Crypto investment involve research and this may be time consuming. It is through your research that you will know which token to buy and also when to buy and sell.
👉👉lack risk tolerance ability: Cryptocurrency is a high-risk and high-rewarding business but it isn't for the faint of heart.
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
👉👉is greedy: Some people want it to be bullish always. They never learn to take profit. They keep waiting for their token to do more than ×100 but in most cases this turn around and go against them making them to lose all profit and part of their investment because they end up selling in panic.
👉👉is impatient: They invested waiting to make money within days/months forgetting it may sometimes take years to make good profit. Most end up selling their token in little deep.
👉👉is too lazy to learn: You must be ready to learn to make it big in the space. Crypto investment involve research and this may be time consuming. It is through your research that you will know which token to buy and also when to buy and sell.
👉👉lack risk tolerance ability: Cryptocurrency is a high-risk and high-rewarding business but it isn't for the faint of heart.
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
Yes it is not for everyone but the same time we need everyone to adopt bitcoin for easy accessibility. What I mean for easy accessibility is that, whem everyone uses bitcoin both the market sellers, village shop sellers and city shop sellers started to use bitcoin things will be very easy in one life. At that time instead of sending btc to someone to exchange fiat currency before using to buy what you want to buy, you just buy the things with direct transfer of bitcoin and left the place. Please oh. cryptocurrency is not a lucrative business, that is bad ideal to tell someone that cryptocurrency is lucrative business so he should invest all his or her money in it. In the process of invest and the person lost all his or her money which we have heard and seen in some scam accusations in the reputation boards, you be the one to be blame. so be wise when telling someone about bitcoin.
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
This is a good point, the crypto world indeed some people think it's easy and simple, especially the investment part buy, hold and finish, in fact it's not.Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
In making crypto investments, not only buying, strategies, anti-manipulating the market, types of crypto options, negative and positive issues, price considerations, some basic crypto investment science is highly recommended to learn, If you make the wrong choice and make an investment, you may never get the expected profit.
On the other hand as you conclude right, it means patience.
The idea of having a crypto business makes people think that they can easily make money out of this and then become rich instantly. But unfortunately, it was not the thing we were likely to experience, perhaps managing a business like this is pretty hard and even more risky than other forms of investment.
crypto investment welcomes everyone who would like to try but guess what, only a few have survived and become successful while many suffer regrets and losses. If we really have the motivation and courage, that was not impossible to succeed.
True. It takes a lot of hardwork, motivation and persistency to end up being successful in an investment. Funds alone are not enough, the investor should also have the right attitude towards investments. It’s not about pure profits the whole time, but you should also learn to deal with inevitable losses and learn from all of them. crypto investment welcomes everyone who would like to try but guess what, only a few have survived and become successful while many suffer regrets and losses. If we really have the motivation and courage, that was not impossible to succeed.
It depends on how you see it, Crypto-currency investment, trading e.t.c may not be for everyone but I think everyone is meant to have a strong knowledge of crypto-currency. Crypto-currency can make wealth for people but it can also be the paramount mean of financial exchanges in future.
Crypto-currency is not for everyone, you are right. For some people the only reason they are into cryptocurrency is to make money from cryptocurrency, when cryptocurrency goes dip they become worried because of amount of money lose. They lack knowledge that cryptocurrency is volatile and anything can happen, and they lack knowledge that cryptocurrency is not traded with emotion. 
So, it is fine to say that cryptocurrency knowledge is for all.but the investment not for all.
Crypto isn't for everyone - I don't think this statement is entirely wrong. I mean, not everyone likes the volatility and risk of investing in crypto, but certainly crypto is a very suitable investment asset for most people because of its potential. It's about investment point of view, I don't think it's about knowledge. People who don't like crypto don't seem to bother to have much knowledge about it, so that's another matter. 
It depends on how you see it, Crypto-currency investment, trading e.t.c may not be for everyone but I think everyone is meant to have a strong knowledge of crypto-currency. Crypto-currency can make wealth for people but it can also be the paramount mean of financial exchanges in future.
Very good point. Although, Op said cryptocurrency business is not for everyone and that is right because business too is not for everyone. Not everyone prospers in business, some are good at working for people .
Then, from your own perspective, Crypto-currency knowledge is for everyone, because it is a new technology and something that could be the future of finance whereby most and if not all transactions would be on the blockchain.
So, it is fine to say that cryptocurrency knowledge is for all.but the investment not for all.
👉👉is impatient: They invested waiting to make money within days/months forgetting it may sometimes take years to make good profit. Most end up selling their token in little deep.
Patience is the key to success in the cryptocurrency market. If the investor wants to make profits within days and months, the Crypto business is not suitable for him, because investing in cryptocurrencies requires great patience, which may reach several years because you buy a coin at a cheap price and wait until this coin is pumped, then You sell after that at a high price so it takes time, also diversifying the investment in different coins reduces the risks, there are many people who invest in one coin and this is the biggest mistake they make.
It depends on how you see it, Crypto-currency investment, trading e.t.c may not be for everyone but I think everyone is meant to have a strong knowledge of crypto-currency. Crypto-currency can make wealth for people but it can also be the paramount mean of financial exchanges in future.
Many Newbies are nurtured only on Crypto-currency as a business or investment and many of them are feed with the idea that it's always profitable all the time, this is amongst the reasons for lack of patience and also presence of greed.
The eduction of Crypto-currency is very important to start from the idea first then the purpose, Utilities, how it can simplify complicated financial transactions/situations. The as further studies of interest the investment and business aspects of Crypto-currency
Many Newbies are nurtured only on Crypto-currency as a business or investment and many of them are feed with the idea that it's always profitable all the time, this is amongst the reasons for lack of patience and also presence of greed.
The eduction of Crypto-currency is very important to start from the idea first then the purpose, Utilities, how it can simplify complicated financial transactions/situations. The as further studies of interest the investment and business aspects of Crypto-currency
👉👉is impatient: They invested waiting to make money within days/months forgetting it may sometimes take years to make good profit. Most end up selling their token in little deep.
Patience is the key to success in the cryptocurrency market. If the investor wants to make profits within days and months, the Crypto business is not suitable for him, because investing in cryptocurrencies requires great patience, which may reach several years because you buy a coin at a cheap price and wait until this coin is pumped, then You sell after that at a high price so it takes time, also diversifying the investment in different coins reduces the risks, there are many people who invest in one coin and this is the biggest mistake they make. 
Investing in cryptocurrency is a very nice and lucrative idea but this isn't for everyone.
No business is ever for everyone, no matter how easy or simple you think it's. Know this and know peace.Quote
Some people believe crypto is a get rich quick scheme so they invested in it.
Most people, actually. However, I guess those who rushed into it in 2018 with that mindset and got burnt are unlearning that mindset now.Quote
👉👉is greedy: Some people want it to be bullish always. They never learn to take profit. They keep waiting for their token to do more than ×100 but in most cases this turn around and go against them making them to lose all profit and part of their investment because they end up selling in panic.
Sadly true about not talking profit on time and exiting the market. I've been caught up with that too. You really can't crucify anyone for wanting more profit, can you? 🤪. On a serious note, it's good to define one's exit point and not shift it. Half a loaf of bread is better than none, they would say.The rest points you stated are also true.
Most people see bitcoin as a way to make money fast with the thinking of invest low and cashing out a very high profit. Most of these people are just been so lazy to learn about cryptocurrency and just want to be ignorance about it. Cryptocurrency is something that have a due followed process you have to learn and give it your whole time. If you don't want to learn or you being lazy them just know this business or line of trade is not for you.
What is cryptocurrency business really?
Before diving into any of the two above mentioned one needs to have to build adequate knowledge and also eradicate the mindset of getting rich quickly and adopting smart work with the time and the right energy before expecting anything in return that is how the crypto space operates.
What you mentioned are for just investment kind of business only, more like trading or just buying coins, then call it crypto business.
Cryptocurrency business is too different for what it is like.
Having business in this space is more like only for those who have knowledge the volatility, regulations, have risk management, know how to adapt, security, even attracting VCs who will invest in to the company is a big factor, and having insurance.
A lot of misconception has surrounded this subject matter and many are getting the wrong idea of what cryptocurrency is and how to separate business from investment even though they both points to one aim, and that is profit-making a business is more of a cooperative entity while an investment is just owning a share. of the asset, you desire to own what has affected people a lot is the lack of adequate knowledge about this subject matter or topic.Cryptocurrency business is too different for what it is like.
Having business in this space is more like only for those who have knowledge the volatility, regulations, have risk management, know how to adapt, security, even attracting VCs who will invest in to the company is a big factor, and having insurance.
Before diving into any of the two above mentioned one needs to have to build adequate knowledge and also eradicate the mindset of getting rich quickly and adopting smart work with the time and the right energy before expecting anything in return that is how the crypto space operates.
One of them does not like big risks, but he likes the volatility of gold prices. I will not force them to want to invest if they do not understand what the risks are, so it is true that this investment is not for everyone but everyone can invest when they agree and are willing to take the risk.
Yeah, I would not also do the same for my friends considering that my former friends back then even backstabbed me when I just told them how to also get some gains from crypto through trading and investment. I was not even also forcing them and I was also just giving them a tip that they can do at their free time.I can't imagine people forcing others to invest in crypto though, like imagine if it was bearish market and they would blame that person for having massive losses during bearish market. This is why I do not also tell a lot of people outside crypto that I sometimes gain profit from it.
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