Crypto investment is exhausting for some ?

Yamifoud

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Quote from: Crypt0Gore on May 21, 2024, 11:42:21 PM

I think crypto isn't for everyone, some won't just be able to cope with crypto investment, maybe because they are lazy asses or they need to be elsewhere to make their money? What do you think about this?

Crypto investment is an individual choice, not for everyone. Those who understand will gain trust and invest but those who keep in doubt will remain negative and always think negatively.

That person OP is not lazy, he/she is just another person who has no courage to take risks. And instead of keeping their mouths shut, they always spread fake news and baseless information making other people also afraid.

Anyway, there is no need to listen to such a claim, they know nothing. It is too hard to convince such thinking because what they believe now which is wrong actually has been right for them and they will continue to push their wrong thoughts about cryptocurrency.

Kristiyana

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Actually i think it depends, because for me I don't find crypto investment being exhausting, is only those people who go about it the wrong way that will find crypto investment being exhausting. more especially those beginners who has chosen not to learn about how crypto investment works, before looking out to invest probably after experiencing lose in the market for some time so at this point they will find crypto Investment being exhausting to them. most of them can even consider it being a scam.without knowing that the reason why they keep experiencing lose in the market is because they failed to learn about how crypto investment works before looking out to invest.

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Quote from: Crypt0Gore on May 21, 2024, 11:42:21 PM

These words are not mine, but from someone who always bothered me about crypto lectures, I am surprised that he is giving up, some truth does present in what he said but ....

I guess he is just lazy? Or he want something different all along?

I think crypto isn't for everyone, some won't just be able to cope with crypto investment, maybe because they are lazy asses or they need to be elsewhere to make their money? What do you think about this?

Have you seen people giving up on crypto after they spent some time doing research on crypto and even investing?

Why the constant vigilance and the negative psychological factors afflicted him? If he is a long-term investor holding his assets in an offline hardware wallet, what is the need to trust people or anything else? And why worry? If he keeps the security methods for accessing his wallet in a safe place, then he has his own bank and is the primary controller of his assets. Indeed, this field is highly targeted by scammers, as no project or community is devoid of them, and certainly, any of the other financial sectors will also be targeted. Still, with the necessary experience, knowledge, and safer alternatives to secure his investment assets, there is no need to worry.

Laziness, giving up, and making quick decisions are undoubtedly reasons for failure. The successful person in this field is the one who has the key to patience, knows the positives to give him momentum forward, and can overcome any negatives with his experience and continuous learning. Doing research on cryptocurrencies is not impossible or tiring, and anyone can do it. There are no profits and successes without spending some time and effort.

Litzki1990

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Run as it goes and don't get tired here. That's why you have to decide yourself carefully because if you discuss these things with others, they can harm you. Maybe doing the same job every day is a bit boring but we must have respect and love for that job.

As you are tired of these investment topics then I suggest you to follow the posts of users who have faced huge losses for about three to four years and have trusted their investments for this long time for motivation. And they held on and now they have come and succeeded. You can also trust the investment like them and create a little more excitement in your mind that you will do well from here on out so it will show that you are not disappointed here.

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Quote from: Roseline492 on June 05, 2024, 02:37:54 AM

Quote from: Cadaver20 on June 04, 2024, 01:06:26 AM

For me I don't believe that crypto investment is stressful, though it depends on the kind of investment you venture into that would stress you that much because if we evaluate trading and holding is only trading that could possibly give you the kind of stress you are talking about, so i would agree with you if you meant trading because is actually very stressful and time consuming because like you said all the time you will be watching the market looking for any opportunity to buy and is actually risky that's why is not my kind of investment because I love holding and one of the good thing about it is that there is no any mental stress because all you will do is just to map out your pattern of investment weather weekly or monthly so when it gets to the time you just buy and hold, so actually the stress is just from your pattern of investment.

Why not? Lots of challenges you need to face here so for sure there would be a lot of stressful events you will encounter especially if some of your expectation didn't come in some scenarios you are waiting for.

That's why you need to learn and by reading a lot of information is stressful since you need to deal with a lot of article either a misleading one or a good one so you need to be emotionally ready when it comes on crypto investments. What only exhausting there when you lose since for sure you will call all the saints or ask for help to people around you especially if that lose you encounter is devastating which cost something huge and you are going to be broke after that bad experiences.

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Quote from: Crypt0Gore on May 21, 2024, 11:42:21 PM

I am tired, I got out of crypto because of the constant vigilance that crypto requires from me, it is too exhausting.

You can't trust anyone, you can't trust anything, all you have to keep doing is keep verifying everything, but for how long?

To keep your crypto assets safer they said you need a hardware wallet, as if this is the end to the worry, only to start guiding your recovery seed again.

You don't need to be tired because it is not just cryptocurrency that has so much responsibilities to be done for your asset to be in a safer hands. Even the money you have you put it in safe place which you don't expose it to people that are even close to you. You store your money in the bank and their are still roles you play for the money to intact which you need to keep some important details that scammers won't take as an advantage. You need to understand that anything that is valuable their is a lot to be done to keep it safe from fraudsters. Every asset needs to be secure and if it is handled in a careless manner you can loose it.

The reason why cryptocurrency (bitcoin) seems to have more attention for it to be safe is that any mistake of exposing your seed phrase scammers can get advantage to your asset. I don't even see anything too difficult protecting your bitcoin, it is just about using a good wallet and keeping you private keys safe from the eyes of strangers and nothing too serious about it.

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Crypto is for everyone but depends on how strong he can holds his crypto until the time he sells his crypto. Not all people can do that as many people can feels tired to holds their crypto while waiting for the time to sell. We don't knows why they keep saying like that while other people can enjoy their time hold their crypto.

I already seen some people who said that they can not holds their crypto anymore and decided to sell it immediately. They can not manage their emotion to see the market is at the low while they know that crypto market can be at that position. These people doesn't have a strong hand to still hold their crypto and doesn't wants to hold for longer.

If you decided to invest in crypto, you already research what and how and you will not complain for anything. You knows that every investment will be like that which needs to have a waiting time before you can sell it. You only needs to manage your emotion while you watch crypto market moves but in this crypto investment, you doesn't have to watch the market all day long. You can only watch it periodically because you use the investment sides and not trading sides.

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Quote from: Cadaver20 on June 04, 2024, 01:06:26 AM

Quote from: Crypt0Gore on May 21, 2024, 11:42:21 PM

Have you seen people giving up on crypto after they spent some time doing research on crypto and even investing?

Crypto investment is a very stressful matter. Checking the market all the time, keeping the private key, seed phrase secure, verifying all things, these seem boring after a while. A mental stress works all the time, no matter where you are at night sleep or family program. So currently I have withdrawn from the investment.

For me I don't believe that crypto investment is stressful, though it depends on the kind of investment you venture into that would stress you that much because if we evaluate trading and holding is only trading that could possibly give you the kind of stress you are talking about, so i would agree with you if you meant trading because is actually very stressful and time consuming because like you said all the time you will be watching the market looking for any opportunity to buy and is actually risky that's why is not my kind of investment because I love holding and one of the good thing about it is that there is no any mental stress because all you will do is just to map out your pattern of investment weather weekly or monthly so when it gets to the time you just buy and hold, so actually the stress is just from your pattern of investment.

Gladitorcomeback

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This is the sort of behavior you see from people who have forced themselves into the cryptocurrency market they don't have a general interest in cryptocurrencies but they have only got into it because they have heard people saying that they can earn money if they make investments in cryptocurrencies, and they got into it only for the bucks. Now when they have seen it's not as easy as drinking water, they start behaving this way.

When you say that the cryptocurrency market isn't for everyone, you are not wrong, it is definitely not for people who are not interested in cryptocurrencies but have joined the market only for money, and such people will barely try to learn much about the market because they will only be in a rush to start earning money.

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Quote from: Marykeller on June 04, 2024, 11:46:08 AM

Crypto can be exhausting to those who put their hopes on crypto for their financial breakthrough and steady income. Not for those who don't put their hope on crypto as a means to be financially free or have a steady income through her.

They should know that getting into crypto investment isn't going to be as easy as the others can be. IMHO, there's no difference even at all with investing in stocks because you need to come prepared with what you buy there as well and it's not going to give you that steady income everyday.

Quote from: Marykeller on June 04, 2024, 11:46:08 AM

Those who have the stated mindset of "being financially free and steady income" are the ones to be feeling exhausted to keep hodling onto their crypto assets for how long before they can achieve the main reason why they chose crypto investment in the first place.

I agree and that's because they're putting too much hope on it. And when they see that their asset isn't doing well today, that's going to stress them out. Being knowledgeable or know what you are investing plays a big part on how you'll be able to overcome that exhaustion.

Quote from: Marykeller on June 04, 2024, 11:46:08 AM

So many newbies have entered into the crypto space for the wrong reasons. They perceived crypto as a get-rich scheme. Once they are not getting what they have presumed, they begin to feel discouraged and ask for how long will they continue to hodl their crypto assets.

Exactly. They come in because they've seen someone or a crypto influencer that have shared their profits and thought that it's going to be the same to them without doing any research. They've been welcomed with the wrong mindset and that's why they're discouraged upon seeing the flash crashes that they are not expecting.

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Quote from: Cadaver20 on June 04, 2024, 01:06:26 AM

Quote from: Crypt0Gore on May 21, 2024, 11:42:21 PM

Have you seen people giving up on crypto after they spent some time doing research on crypto and even investing?

Crypto investment is a very stressful matter. Checking the market all the time, keeping the private key, seed phrase secure, verifying all things, these seem boring after a while. A mental stress works all the time, no matter where you are at night sleep or family program. So currently I have withdrawn from the investment.

Cryptocurrency business and manual business which one of them is more less stressful, you know some people don't know that manual business always be stressful, someone who don't know of cryptocurrency very well will say cryptocurrency is stressful, if you want to make a profit in cryptocurrency investment make sure you invest when the market is fluctuating, because market that fluctuates their is every Tendency that the market maybe of good condition later run, so I prefer watching the market seriously before venturing into cryptocurrency investment.

The essence of keeping your private keys intact or your seed phrase to a place where someone can not see them, is due to security measures, from my perspective it's advisable ensure that you have not reviewed your seed phrase to the public base on security measures as emphasize above.

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Quote from: Kelward on May 22, 2024, 01:39:37 AM

Everybody cannot be a pilot or a dancer, same thing with cryptocurrency, we're here because we find passion in the crypto industry, so the OP friend is not necessarily lazy because crypto processes bores him, you'd be surprised that what he likes might be boring to you. Except for crypto trading that requires special skills like knowing fundamental and technical analysis, I think that crypto investments are quite easy, that is if you're holding a reputable long term cryptocurrency like Bitcoin, all you need to do is keep your seed phrase in a secured please and listen to crypto news.

On a second thought, you are actually correct because different people with different passions. Everyone cannot love and invest in cryptocurrency irrespective of how beautiful and lucrative cryptocurrency may appear. So if the person in question lost his passion as in cryptocurrency, he will not be committing any crime quitting long term investment in cryptocurrency and exploring other areas. Indeed not everyone can be a holder for a long term, I don't know if it is a personality something, but it so happen that some people are more inclined to trading rather than holding for long. However, it is still more relaxing and more profitable to hold Bitcoin (not all cryptocurrency) for long.

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Quote from: Marykeller on June 04, 2024, 11:46:08 AM

Crypto can be exhausting to those who put their hopes on crypto for their financial breakthrough and steady income. Not for those who don't put their hope on crypto as a means to be financially free or have a steady income through her.

Those who have the stated mindset of "being financially free and steady income" are the ones to be feeling exhausted to keep hodling onto their crypto assets for how long before they can achieve the main reason why they chose crypto investment in the first place.

So many newbies have entered into the crypto space for the wrong reasons. They perceived crypto as a get-rich scheme. Once they are not getting what they have presumed, they begin to feel discouraged and ask for how long will they continue to hodl their crypto assets.

If they are here to get rich quick, definitely it will be exhausting for them most especially that crypto market is certainly unpredictable. The more they put their hopes up, the more the market becomes more challenging. However, if you are here to learn and earn as a bonus, and you are simply enjoying hodling with your coins in a long term without hustling to get an income, then you will never feel exhausted but more on seeing crypto investment being calm as it slowly give you unexpected profits while hodling for long term.

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Quote from: Crypt0Gore on May 21, 2024, 11:42:21 PM

Have you seen people giving up on crypto after they spent some time doing research on crypto and even investing?

Given up is by choice and I think people given up are actually people that chose altcoin and wants quick returns.

If you value your privacy, you will know the importance of all these steps to keep your asset safe.

Cryptocurrency can be stressful if you chose altcoins or shitcoins, but if you wants to be completely free and safe with both your privacy and your assets, then use that same hardware wallet to invest in Bitcoin, then save your seed phrase for future and your asset(Bitcoin) will be safe.

Marykeller

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Crypto can be exhausting to those who put their hopes on crypto for their financial breakthrough and steady income. Not for those who don't put their hope on crypto as a means to be financially free or have a steady income through her.

Those who have the stated mindset of "being financially free and steady income" are the ones to be feeling exhausted to keep hodling onto their crypto assets for how long before they can achieve the main reason why they chose crypto investment in the first place.

So many newbies have entered into the crypto space for the wrong reasons. They perceived crypto as a get-rich scheme. Once they are not getting what they have presumed, they begin to feel discouraged and ask for how long will they continue to hodl their crypto assets.

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Quote from: Pandu Geddon on June 04, 2024, 01:27:55 AM

There are several acquaintances of mine who very often talk about new projects. he loves researching new projects and investing in such projects in early sales. but finally, he gave up after investing several times in scam projects that did not return his investment money.
I think my acquaintance is not lazy. he is very selective in the projects he researches, but there may be a mistake that destroys him and finally gives up.

I have also felt that around 500 BUSD disappeared, a real project but no development and ended up being a shitcoin. Recommendations from friends too and coincidentally close friends too. But what can I say, the boss left without leaving any news. This is the bitter pill, the intention is to help us progress quickly, but instead we are the ones who suffer losses.For local projects, I think it's better to think about it before investing.

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Quote from: Crypt0Gore on May 21, 2024, 11:42:21 PM

I guess he is just lazy? Or he want something different all along?

I think people with that type are not lazy, but people with great panic. he will always feel anxious about his investment assets to the point of not being able to sleep soundly.
I think he is not the type of person who is calm in investing. he can analyze and do research. but when it comes to making plans, he panics very easily.

Quote

I think crypto isn't for everyone, some won't just be able to cope with crypto investment, maybe because they are lazy asses or they need to be elsewhere to make their money? What do you think about this?

People with that type want small risks and don't have the adrenaline to take bigger risks. just suggest to him to save his money in the bank. of course, an official bank guaranteed by the government, that will give him peace of mind.

Quote

Have you seen people giving up on crypto after they spent some time doing research on crypto and even investing?

There are several acquaintances of mine who very often talk about new projects. he loves researching new projects and investing in such projects in early sales. but finally, he gave up after investing several times in scam projects that did not return his investment money.
I think my acquaintance is not lazy. he is very selective in the projects he researches, but there may be a mistake that destroys him and finally gives up.

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Quote from: Crypt0Gore on May 21, 2024, 11:42:21 PM

I am tired, I got out of crypto because of the constant vigilance that crypto requires from me, it is too exhausting.

You can't trust anyone, you can't trust anything, all you have to keep doing is keep verifying everything, but for how long?

To keep your crypto assets safer they said you need a hardware wallet, as if this is the end to the worry, only to start guiding your recovery seed again.

These words are not mine, but from someone who always bothered me about crypto lectures, I am surprised that he is giving up, some truth does present in what he said but ....

I guess he is just lazy? Or he want something different all along?

I think crypto isn't for everyone, some won't just be able to cope with crypto investment, maybe because they are lazy asses or they need to be elsewhere to make their money? What do you think about this?

Have you seen people giving up on crypto after they spent some time doing research on crypto and even investing?

Actually those words comes from a person that does not know deeply what he had entered instead they are just being lured inside crypto for single purpose and that is to make money(The Easy way)

this is why they are not ready to face those difficulties and not ready in sideways specially the security and the risk of losing its value for a certain occasions .

and also crypto si for everyone(but everyone that knows to dig first before grabbing the opportunity of making money because this needs time and challenges)

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Quote from: Crypt0Gore on May 21, 2024, 11:42:21 PM

Have you seen people giving up on crypto after they spent some time doing research on crypto and even investing?

Crypto investment is a very stressful matter. Checking the market all the time, keeping the private key, seed phrase secure, verifying all things, these seem boring after a while. A mental stress works all the time, no matter where you are at night sleep or family program. So currently I have withdrawn from the investment.

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Quote from: Fiasem20 on May 27, 2024, 11:12:59 AM

Your friend is not lazy just that he doesn't fit in the crypto industry.You know one thing about we humans,what I like is not what you like we all have our different likes and dislikes so even if he was pressurized to invest on crypto and he/she finds out the step to secure his/her asset isn't comfortable it's okay for the person quit and that doesn't mean the person is lazy.There are other investment that offers huge returns it mustn't be crypto investment.

Exactly, most people who do crypto and also invest in Bitcoin think that is the only way to make life and they believe that other investment are not worthy or is nothing to compare with Bitcoin, yes we know Bitcoin is a nice place to invest but that doesn't mean everyone will join it because you are into. Everybody can not go to one church because they have different belief and principles and whether the church is good or bad that shouldn't be your problem the aim is to make the kingdom of God likewise investment whether Bitcoin or not the main aim is to make money.

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