This afternoon two friends approached me to ask how they can profit from crypto investments. I didn't take the question seriously at first because I thought they just wanted to know how much profit I've made so far, but luckily I started to explain some basics on how the crypto market is profitable for its traders and investors.
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.
Topic: Crypto business isn't for everyone - page 2. (Read 588 times)
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Considering how many shitcoins are there right now, crypto business is saturated. We're still seeing a lot of altcoin being created daily which many just have little to no utility at all and sometimes I even think about how meme coins still manage to get more value even if there were just for memes obviously. Some people should not really commit to crypto business if they can't bother to provide unique utility of it. It's just like one of those coffee shops near you then later on you found that it has a copypasta competitor nearby that did not last for a week. 
It may have similarities and differences with traditional based investments like stocks or mutual funds. But in crypto, we have this 4 year cycle that so far holds true. So there will be time that the market is very strong going up and make good gains for us. But there will also be time that the market is down and that's where our patience and mentality sets in. So it's going to be a journey if someone sticks to this market. There will be learning curves along the way that will make crypto investments very attractive.
Crypto is a business so it needs skills and strategies for you to succeed and become profitable. Otherwise, you will never grow as well as your business. And since crypto business does not move up all the time as there are times the price drops drastically, so patience and persistency matters too. If you think you don’t have the qualities to be a successful crypto business owner, then do not enter in crypto in the first place. 
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.
Even this
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Investing in cryptocurrency is a very nice and lucrative idea
is a wrong notion and thought. most of people are coming to crypto especially bitcoin because of this information that bitcoin is a lucrative business, how? From your opening statement you have supported the idea of 'Get Rich Quick" league. Please bitcoin is a digital currency that bitcoiners use to buy things online. many people enter into to use bitcoin with wrong orientation. 
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
The energy one will put in greed to make money it will be better to put same energy to learn more about cry, learning more will help to do right things to follow the rules to achieve success in cryptocurrency. It is worst when one lack knowledge and still greedy, it is more better to learn to acquire knowledge, then go for the best profit than trading blindly with greed.
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.
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.
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.
Most newbies always have mindset that cryptocurrency is just a ponzi scheme, that's why mostly people that get scammed are newbie, am not saying that people that have been long in Cryptocurrency don't get scammed but most people that I know that have complained to me that they have been scammed are newbies. Most newbies don't really have proper orientation about cryptocurrency before they jump into it, some of them will see their friends trading and he/she is making money, then they will also jump into it and whenever they start losing money, they get disturbed and if they come across any ponzi scheme they will decide to join and they will get scammed, before investing in Cryptocurrency you should have basic knowledge and you should know what it's all about.
Aside from being patient OP, this business is also intended for those who are willing to adopt the situation and can really afford to lose their money.
Perhaps, if we talk about business, all of them are having risks but crypto is far different from them knowing its volatility and that is why it requires a high level of market understanding.
As to start having this business, it is a must to know the possible risk and results in this. It is really stressful that many people ain't to survive and quit.
Perhaps, if we talk about business, all of them are having risks but crypto is far different from them knowing its volatility and that is why it requires a high level of market understanding.
As to start having this business, it is a must to know the possible risk and results in this. It is really stressful that many people ain't to survive and quit.
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
Any business is not for everyone, I think. You need to study, research, and work hard. Understand when to be greedy and when it's not worth it. And that's fine - business is a process, not a goal, whether you trade hats or bitcoins.
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Though there would still be those Bitcoin millionaires that are we talking about and some of them are even full time. It is a good idea to still make a shares between your life savings and to crypto. It is not all about those SCs and stuffs, let it be an example to every single 8-5s out there since you don't always get your earnings weekly and most of them are either bi-weekly or monthy.Take some time to enjoy the little bit of those earnings for your own as well, because why not right?
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.
And do you know that professional traders also take losses sometimes but they may gain a lot of knowledge after taking losses and survive the next losses.
People have this fetish-like obsession with trading and think that if you are involved with crypto, you have to be trading. Exchanges and trading platforms are publicly available, and too many people use them without having any idea what they are doing. Just because it's there and you have access to it, doesn't mean you should. You can own bitcoin or any other coin without doing any trading on exchanges, ever. Trading is a sure-way to lose your money for the average joe. It's gambling. If gambling generated significant profit for players, you wouldn't be seeing so many casinos and sportsbooks everywhere. It wouldn't be a profitable business, right? No matter if we are talking about online or physical establishments. But since people are losing both with trading and gambling, it pays really well to run a casino or an exchange.
Yes,you are right that crypto
Currency business is not for everyone. But do you know one thing, everything is possible if people want, if someone tries then he can do business in crypto currency but he has to acquire a lot of knowledge about crypto currency and for that he has to spend a lot of time here. And do you know that professional traders also take losses sometimes but they may gain a lot of knowledge after taking losses and survive the next losses.Similarly, if someone comes to do business from this new crypto currency, then he will get education and later he will be able to achieve success.But if someone doesn't know about this crypto currency, then he can't do any business here, so only those who have a lot of knowledge about crypto currency and trusted people.
Currency business is not for everyone. But do you know one thing, everything is possible if people want, if someone tries then he can do business in crypto currency but he has to acquire a lot of knowledge about crypto currency and for that he has to spend a lot of time here. And do you know that professional traders also take losses sometimes but they may gain a lot of knowledge after taking losses and survive the next losses.Similarly, if someone comes to do business from this new crypto currency, then he will get education and later he will be able to achieve success.But if someone doesn't know about this crypto currency, then he can't do any business here, so only those who have a lot of knowledge about crypto currency and trusted people.
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.
Well everyone can start creating crypto business as long as you have a sufficient capital to finance your investment. But the problem is how to make it successful and sustain profitability in a business or investment especially if it’s a high risk one. This makes us realize that crypto business is not for everyone as only few risk takers have gained the needed knowledge and skills, and the strategies that are very essential in making a successful 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.
With the diversity of business fields in which crypto is employed, each field will remain specific to the specialists. Bitcointalk forum provides us with examples of this, especially with the emergence of new areas such as investing in new areas such as new cryptocurrencies and all the complications associated with them. Unfortunately a small percentage of users, including those who have tried investing, have failed in most of them.
Honestly, I don't understand the phrase "Crypto business". Is it when merchants adopt cryptocurrencies to their business? It it synonym with "trading"? Is it commercialization of cryptography? It can be anything, be specific.
If you meant the second, which is what I'm sure you meant since you used words such as "high-risk", "high-rewarding", "lack risk tolerance", "get rich quick scheme", then I can agree that it isn't for everyone. In fact, I argue that it doesn't make sense to do this job unless you qualify one of these below:
If you meant the second, which is what I'm sure you meant since you used words such as "high-risk", "high-rewarding", "lack risk tolerance", "get rich quick scheme", then I can agree that it isn't for everyone. In fact, I argue that it doesn't make sense to do this job unless you qualify one of these below:
- You have a ton of cash in stash.
- You're a data mining company.
- You're an exchange.
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
I definitely agree with you, but there is no business in this world that is meant for everyone but are meant for the right ones, However, I will say in addition to this that crypto is not for the impatient short term minded Investors,but only for the right ones (long term minded investors) and One thing that's certain in crypto is loosing money especially when you're a short term investor or trader, it's very difficult to see newbie into the crypto space that won't loose money despite your research one could still loose money except you buy Buy Bitcoin and HODL at least 4 years that is only way you can't loose money with historical data backing it up, literally this is part of the journey into crypto and people should be aware of it.hero member
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Investing in cryptocurrency is a very nice and lucrative idea but this isn't for everyone.
Investment in cryptocurrency is for everyone because the concept of Bitcoin creation is to serve no boundary digital currency but the viewpoint of each individual and acknowledgement about crypto will determine if crypto business is for the person. Some people believe crypto is a get rich quick scheme so they invested in it. They invested with little or no knowledge about it.
This is the major problem that causes the drawback of newbies after the result of their investment yield no profit.if he/she:
👉👉is greedy:
Greedy can also be a good weapon to make a vast if use very well especially in this current market. 👉👉is greedy:
Is investing in cryptocurrencies even a business? I don't know about other cryptocurrencies, but i know i don't see bitcoin that way, i have never thought about bitcoin as a business, or as a way to make money, that is why i am surprised you refer to cryptocurrencies as a business. Bitcoin is a currency, just as the $ is, so it can't be a business in itself, but it can be used to start up a business by providing the capital through it; and then if you use it to trade, or for speculation, neither of that can truly be called a business, maybe people that want to think of bitcoin as a business, and not a currency, or a network and technology that is decentralized are people that are here to try and become rich fast.
There may be a little misunderstanding. I think bitcoin is a digital currency. But because of the development of circumstances and the desire to have them sell and some buy. I think this is where some people take advantage as a business opportunity. Because they are looking for profits through the name crypto or Bitcoin.
It seems like the current view of crypto is an easy and fast job opportunity to make more money and get richer. Even today many bad guys are deliberately taking advantage of the state of the world's crypto development by doing evil. I think at the end all can, it's just serious or not.
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