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.

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.

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.

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.

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.

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.

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.

Most likely, the higher the patience you have, the more chances for you to end up being profitable in crypto. Knowing crypto is a very risky investment, then you should also be aware that making wrong decisions in crypto will also make you lose. That is why crypto business is not for everyone, although it’s open for everyone who want to invest, but it takes more witty and smart minds so you won’t always commit wrong decisions and lose your money in the long run.

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-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.

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.

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.

In many cases, some investors and traders are really active during their entry but as the challenge comes and the moment that they don't really understand what is going on, they often change their mind and quit. It was indeed not for everyone, though the fact that everyone is welcome to try and put some money. However, not all of them are not able to understand which is why some of them blame the market and even say it was a scam.

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

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.

No business is ever for everyone, no matter how easy or simple you think it's. Know this and know peace.

Most people, actually. However, I guess those who rushed into it in 2018 with that mindset and got burnt are unlearning that mindset now.

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?
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.

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.

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.

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.

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.

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.

Even this 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. 

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.

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.

Because of its high volatility and inherent risk, investing in bitcoin is actually best suited for secondary investments rather than full-time employment. In my own case, I simply set aside a percentage of my regular pay for cryptocurrency investments in addition to the money I make from my signature campaign. I have life and health insurance, and I utilize Bitcoin as a form of insurance for my future savings by adding a small amount each month without ever selling any Sats from my crypto savings balance. I just set aside separate amounts for trade and leisure pursuits.

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.

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?

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.

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.

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.

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.

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:

• You have a ton of cash in stash.
• You're a data mining company.
• You're an exchange.

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.

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.

This is the major problem that causes the drawback of newbies after the result of their investment yield no profit.

 Greedy can also be a good weapon to make a vast if use very well especially in this current market.

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.

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.

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.

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.

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.

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

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.

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?.

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.

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.

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.

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.

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.

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.

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".

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.

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.

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 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.

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.

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.

For those who just want to make a profit and preferably as soon as possible, investing in various tokens/coins is more or less similar to gambling or sports betting. And it's no secret that only about 3-5% of people manage to be profitable in these things, which is also the case with cryptocurrency trading.

There is nothing wrong if someone wants to try crypto trading, but they just need to follow the golden rule of not investing more than they are ready to lose. If after some time a person realizes that it is not for them, they will not be too sorry for the lost money and time, unlike those who lose all their savings, which leads to serious problems in life and even suicides.

The best option for the majority is therefore a long-term investment, but in something that has purpose and meaning and will not disappear in one or two years. Be smart, don't believe false promises - they are mostly the way to your failure, and someone else's profit.

Actually Bitcoin investment is perfect only for extra investment purposes and not for full time because its volatility is very risky that is not worth it to use as full time source of income. I personally just allocate a portion of my salary on my job to crypto in addition to my signature campaign earnings and leave it as is for future investment purposes. I have health and life insurance while I use Bitcoin as my future savings insurance by storing little by little every month without selling any sats on my crypto savings balance. I just allocate different portion for trading and leisure activities.

Each person has their own talents. Someone can do some things better than others. When a person finds his business or his favorite thing, he will certainly give it all his strength. But unfortunately, some people rush about, not understanding what business to choose, and because of this they become impatient, not ready to study but want to quickly change their financial situation. This applies not only to the cryptocurrency business. Patience is an important virtue of learning. The OP is right. If a person is lazy, he will be poor even if he wins the lottery one day. 
Having spent the winning money, he simply will not be able to properly dispose of it.

No truer words have been stated- The Crypto business isn't for everyone.  A couple of the easiest way to tell this is panic selling aka buy high and sell low and expectations of a quick, exponential return.

whatever happens, is not for everyone, and that's right, I don't know why bitcoin and crypto are singled out.
For example, programming is not for everyone. (now I can list all the reasons from the first post)...
greedy for riches but too lazy to learn anything new...


I would just replace the word "crypto" with anything, and that's the whole wisdom.

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.

I disagree, crypto business is for everyone. There is varied business related to crypto, it doesn't refer to investing and trading only. Even if you have no money, you can join bounty or airdrop to earn money in crypto businesses. We also can provide a service related to crypto activities, both for the activities in this forum or outside of this forum. For example: Escrow service, art service, promoting a new project service through social media, or so on. So, people have many options to join crypto businesses. They can choose a business that fits their skills/knowledge.

Greed is not bad in the cryptocurrency industry, even in the personal life greed is not bad. It depends on how you perceive the greed or how the greediness affects another person.
If I am giving 3 options to chose and the three are; 0.5btc, 1btc and 100btc. Do you think I will go for anything other than 100btc? Will you say I am greedy.

Greediness in crypto is not bad, but observe the rules. "Be fearful when others are greedy, and be greedy when others are fearful "


Patients doesn't always work in the one way you defined it. It depends on the coin you are holding. If you hold a shit coin, sell off as others are selling. It could dump in your hand and never return forever.  So, be guided.

I deliberately had to chip these in, so that we can know that there are more than one meaning to every statement.

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.

Being too lazy to learn is one of the main factors that can lead anyone in the wrong direction, especially when it comes to investing in Bitcoin and other cryptocurrencies. Many people prefer shortcuts, and this is why many new investors lose money because they don't want to learn and conduct additional research before investing. Instead, they choose to follow signals from unreliable sources of information instead.
Being willing to take risks is important because they are a part of every business. The risk associated with investing in cryptocurrencies is particularly high because it is possible to lose money in a short amount of time.

 Cryptocurrency 'Bitcoin' investment is also for people who already have other jobs that gives them income, with this you can invest without thinking much about the profit and also being in a haste to make profit from it. It is like a treasure for people like this.

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.

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.