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Topic: Crypto business isn't for everyone - page 3. (Read 588 times)

sr. member
Activity: 924
Merit: 391
Underestimate- nothing
September 06, 2022, 07:24:29 AM
#33
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.
Cryptocurrency is a process from the buying and selling to any other thing there are guidelines to follow so once you have interest be ready to make the sacrifice to manage your funds and to manage risk as well. If you are someone who is lazy it won't be easy for you to keep up because you need to makes research on different aspect such as the trading, and also the technical aspect of it.
sr. member
Activity: 2828
Merit: 344
win lambo...
September 05, 2022, 05:19:22 PM
#32
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
Not really sure if crypto can be a good business model. But for others it is. I am more inclined on it as a technological tool to help ease some process and method to fast track some of the payment of a certain business. Unless the platform is designed specifically to do actual business with an actual product which quite rare for a crypto project. Usually a good business on crypto related are market exchanges, like Binance and others.
Indeed.
For crypto exchanges, I'd see it was growing and profitable but if we just run a small business accepting crypto, not really I think it was good. But of course, the future of our crypto business will just rely on how we manage it because even putting up to other forms of business and if we fail to manage it well, failure is certainly what we got. I agree that business is not all about having the capital but it also having the passion, knowledge, and skill running the business.
hero member
Activity: 2716
Merit: 904
September 05, 2022, 04:58:34 PM
#31
Sadly, those whom such warnings concern don't listen to them. The #1 reason why people lose in trading is because they believe they are special, gifted, have talent for trading, have luck and so on. Typically it happens when they make some money in a bull market, simply because all coins are growing. Then the bear market comes and instead of cashing out they double down on looking for profit to compensate for some unrealized gains, and in the process they lose everything.
People who have no real understanding about bitcoin and how it will work will not make it work for long. Though they may be profitable at first but in the end, they will still bound to lose. That is why a lot of traders and investors fail to establish long term profits in crypto market because they never realize that bitcoin is a long term investment,and that investing or trading in it at the present will only secure short and temporary profits.
hero member
Activity: 994
Merit: 1089
September 05, 2022, 01:37:53 AM
#30
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.
member
Activity: 840
Merit: 23
September 05, 2022, 01:18:39 AM
#29
Crypto business is a proof that man keeps evolving. The era of paper money is gradually fading off as crypto is taking over so if Crypto Business isn't for everyone it simply means not everyone is meant to embrace the new era of digital currency. Crypto is actually for everyone but to stay productive it means doing so much research upon research. Greed is a major part of human existence it must always play out in all human activity but with good knowledge about anything the level of greed in such discipline will be minimised
legendary
Activity: 2240
Merit: 1375
Fully Regulated Crypto Casino
September 05, 2022, 12:49:43 AM
#28
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
Not really sure if crypto can be a good business model. But for others it is. I am more inclined on it as a technological tool to help ease some process and method to fast track some of the payment of a certain business. Unless the platform is designed specifically to do actual business with an actual product which quite rare for a crypto project. Usually a good business on crypto related are market exchanges, like Binance and others.
member
Activity: 966
Merit: 25
Ton Together | Save Smart & Win Big
September 04, 2022, 10:53:37 PM
#27
People that look at Bitcoin as a way to make money are mostly missing the point of the technology, I think. Yeah, it's a good investment (especially at current prices) but more importantly than that, it's a means to financial autonomy, which is to be cherished as a principle far above ROI.

I agree people should change their paradigm of thoughts. We should really go back to the beginning of why cryptocurrency was existed. It's all about technology and innovation, not a way to get rich fast. People forgot the root of blockchain which actually not all about profits, it's life-changing from traditional and centralized to digital and decentralized. We need a more mature crypto industry, a new field for people to be able to invest in long term not always scared of scam trial or trash projects who just want to take profits in a short time from unknowledge people. It's been years, the crypto world should get fixed. We don't want to be seen as a pump and dump industry only, by people outside the bubble, do we?.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
September 04, 2022, 06:41:06 PM
#26
In my opinion, the crypto business is for everyone, but, not everyone really wants it in the crypto business.
It also means how people doing in the crypto business, and how they prepare, manage and control themselves in the crypto business. Actually, everyone can learn in crypto, although we are not patient people, in this crypto business, we are required to be more patient. We are required to be more willing to learn more and more. And we must be very aware of what we are doing in the crypto world.
However, if we can't do it, this means that you don't want to utilize the chance in crypto or even take any advantage of crypto.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
September 04, 2022, 06:16:38 PM
#25
Cryptocurrency is a business and business is for everyone unless you don't have interest on such particular business, when you look at this very well or scrutinized it very well you will notice that this world is now a digital world, currently many people is impacting the knowledge of cryptocurrency to their offspring from a tender age. Bitcoin is a good investment that is ver lucrative which people engaged on.

The thing with crypto and crypto-businesses is the fact that is not as straight-forward as people are used to in their daily life, for now at least.
It requires a minimum of research, reading, etc; that is why many newbies and uninformed people fall for the most obvios scams around the internet, they get an email telling them to type down their seed or their money would be "at risk" otherwise and they do, because they have not read anything about cryptography or what it is.

Needless to say some people do not even like to read or learn, those people are better off keeping their money at the bank until they decide to be ready to learn or find someone to help them, it is better this way than getting scammed for all their money due to their ignorance.
hero member
Activity: 2940
Merit: 613
Winding down.
September 04, 2022, 06:08:24 PM
#24
Sadly, those whom such warnings concern don't listen to them. The #1 reason why people lose in trading is because they believe they are special, gifted, have talent for trading, have luck and so on. Typically it happens when they make some money in a bull market, simply because all coins are growing. Then the bear market comes and instead of cashing out they double down on looking for profit to compensate for some unrealized gains, and in the process they lose everything.
Well I assumed those who take the risk to enter the crypto business have really high confidence in their selves believing that they would make the best of profits when trading or investing. But that is not the case as trading or investing have also their own right timing to make profits, their best entry and best exit. And sadly, they  always think that crypto will always move upward because of the bull market, not realizing that it’s also has its own flaws and make the prices fall back.
hero member
Activity: 1498
Merit: 711
"Play Poker on Telegram"
September 04, 2022, 05:42:05 PM
#23
Cryptocurrency is a business and business is for everyone unless you don't have interest on such particular business, when you look at this very well or scrutinized it very well you will notice that this world is now a digital world, currently many people is impacting the knowledge of cryptocurrency to their offspring from a tender age. Bitcoin is a good investment that is ver lucrative which people engaged on.
legendary
Activity: 2576
Merit: 1655
September 03, 2022, 10:15:10 PM
#22
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.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
September 03, 2022, 09:27:34 PM
#21


Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.

Not only the crypto business, but when entering the world of business and trading, we always need these things to get started. As a business, there must be risks, so you must have a strong mind to be ready to accept all challenges. Business will not always be as smooth and smooth as we imagine, sometimes there will be obstacles or there will be a little delay so patience is an indispensable virtue. The market is always changing and evolving quickly, if you don't want to be eliminated or left behind, don't stop learning, even if you are already a successful person if you stop learning new things, you can still be overtaken by people.
legendary
Activity: 2366
Merit: 1206
September 03, 2022, 06:23:35 PM
#20
If you're seeking profit in crypto there's a simple rule that you must follow, "buy low sell high".
I tend to agree with the stated OP above, crypto investment isn't for everyone meant for and it seems like crypto trading, if you aren't knowledgeable enough, that kind of business path isn't good for you.

Every form of investment expected that there's a risk, now the problem is how you'll manage the risk and turn it into a successful one.

Just like the joke that I've found in my social media news feed a few days ago.
Someone asked if investing in crypto made him a millionaire, and there's one answer that made me laugh, it says, "Yes if you're a billionaire".
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
September 03, 2022, 12:17:08 PM
#19
Its for everyone its just people have misconception that they may became rich as fast as they can since this is what they are seeing on the influencer or other source of information they search. Especially when they see the price history of bitcoin then provably they became greedy to hold some alta which they think have potential. But the challenges they face like losing money and everything bad experience they encounter is good learning experience and for sure they will be more careful on their investments.

The mistake actually happens with the coin to invest, basically most people attracted to the hype of a coin on the social media but a wise person will look for its basic technical analysis and implement that is this going to make any changes in the future and when they convinced with the assets then they will go for investment.

While the short term, investors who don't know anything but just wanted to make money will never become possible.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
September 03, 2022, 10:35:17 AM
#18
Let's take it in general that business isn't for everyone.

Whether it's on crypto or not, if the person doesn't have the appetite to take risks then he's not good for any type of investment or business because both of it requires taking any amount of risk.

What's good for the risk takers are the ones who understand how much risk they're taking. It can be calculated or estimated based on what you know from what you're about to do.
legendary
Activity: 2758
Merit: 1228
September 03, 2022, 09:20:32 AM
#17
Its for everyone its just people have misconception that they may became rich as fast as they can since this is what they are seeing on the influencer or other source of information they search. Especially when they see the price history of bitcoin then provably they became greedy to hold some alta which they think have potential. But the challenges they face like losing money and everything bad experience they encounter is good learning experience and for sure they will be more careful on their investments.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
September 03, 2022, 08:14:26 AM
#16
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
The thing is simple and I think most successful investors know this as well that you don't have to invest on stuff you don't know. The most basic one. Of course it's not for everyone just like other type of investment or job or business that may opportunely be on your way.

Even if you learned something or doesn't that greedy it doesn't mean success is on your side, there are other factors to consider just because you learn, there may be other thing along the way that will challenge your faith on investment.
legendary
Activity: 2576
Merit: 1860
September 03, 2022, 07:47:24 AM
#15
To say that "investing in cryptocurrency is a very nice and lucrative idea" is quite misleading. Actually, it is very risky to jump into this generalization especially when talking to newbies. They might get the idea that crypto is a sure way to make money, which isn't really the case. As a matter of fact, while there might be amazing crypto success stories of a small investment amount that grew into a huge wealth, the big majority of crypto investment decisions are probably a failure.

And even if a crypto investor isn't "greedy," "impatient," "too lazy to learn," and doesn't "lack risk tolerance ability," it doesn't mean that he/she isn't anymore exposed to the risks of crypto investment considering that perhaps 90% of these investment opportunities is probably a fraud.
legendary
Activity: 3374
Merit: 1824
September 03, 2022, 06:05:54 AM
#14
odunybiz, the tips you wrote are actually not only valid for investing in crypto but for any investment in the financial market.
There is no investment that immediately guarantees a safe and quick return on investment and a big profit.
It seems to me that crypto is still a big unknown to ordinary people and that they analyze crypto very superficially, and make investment decisions based on some stories they read and often with unrealistic expectations.
Every investment is always a risk, and that's why you should start investing only after a detailed market analysis and with realistic goals and a clear exit strategy.
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