Topic: Crypto investment is exhausting for some ? - page 2. (Read 491 times)

Not everyone could fit into crypto, there are people that are always making mistakes and are not ready to follow the rules.
It is true that we can always make money from the crypto space but sometimes the process can be very long.
The rules could be too much for some persons that is why we need to try as much as possible to ensure that we go and follow the right pass that others have been following making something from the market. Fund us quite needed to make money from the crypto space.

Till now very sure that people still don’t understand the value of them keeping their seed phrase safe until they lose it that is when they will know how important. It is to keep your seed phrase safe. That is the number one rule keeping your seed phrase safe because operating a wallet system of saving your asset. Keeping your funds in an exchange is not advisable. And if you don’t have access to your seed phrase then your investment might be at risk because of exposure. Everyone one way or the other have experienced losing their seed phrase so everyone that have that experience have learnt from it and am sure they will definitely keep their seed phrase safe because of the experience.

People enjoy monitoring their investments especially when they are making profits they will want to make more profits so they will make monitoring an habit, the fact is that people that have tested profits will take their market observations seriously so as to want to make profits rather than seat and complain about the price of bitcoin going up and down.

As long as cryptocurrency is concerned there's always a risk be it trading or not there's still risk on it, unlike as you said that you haven't seen any investors that get fed up due to the bad experience they had in the market, you know most people after experiencing lose in the market they will just pretend like nothing happened so you don't expect them to work up to you and start telling you about the bad experience they had from crypto investment. however I think we just need to be careful and also we shouldn't forget to make research before taking any decision even if you're been referred by someone very close to you, but we should always try and understand how crypto investment works before looking out to make Investment.

Your friend is lazy!
Funny how your friend is saying the opposite of Satoshi saying you have to trust but no, you don't to trust any person in crypto, you should always verify to clear any doubts on your head. It just sad that your friend isn't too prestige with the ways of Bitcoin or should I say cryptocurrency but if he is tired of all he is doing, he can do the opposite and keep his coin on exchanges so he doesn't have to worry about anything but the day the exchange run away with his money, he better shut his mouth and let's that pain sink than what he experiencing right now.

There is no feeling owing everything about your coin to yourself, you don't have to trust anyone to keep your coins, history has shown us that it's bad not trust exchanges and that's why cold storages remain the best. What's the stress in backing up your seed phrase in a safe location? He is better doing other things than been in crypto space.

I guess is for your own good, so that anytime someone want to try to hack your wallet on your behalf, it will be difficult for the person to succeed through verification.  

Until you have the knowledge on how to ignore scammers in the industry, because there are many scammers in the crypto industry which they have different ways of scamming people but if you have the knowledge, it will be difficult for you to fall victims to their plan.
I guess hardware wallet is a safe wallet, but the end of worry is to keep your seeds phrase safe because the day someone have access to your seed phrase, it will be easy for the person to empty your wallet which is the reason you need to write them down in different places in case anything happen to one, you can use the remaining one to achieve your coins back.

Indeed, cold wallets are still identical without double-layer a2fa, but I think it is now available even though it is not evenly distributed and is a new feature. I admit that it is easier to change wallets or store more in 1 place, even though it is tiring but simple with phrases that I can save or discard periodically to secure crypto assets as best as possible. Security is the most important, because sometimes I am careless for minutes even if I import to another wallet with the same phrase there is no notification, because I really control myself on any wallet.

Also altcoin trends almost some people have crypto that has not been listed, or accepts no minimum. Non-custodial and cold wallets are very important. Indeed, there are many crimes that occur that cause trauma if you are too rash on the internet with random links. But behind the vulnerability of this type of wallet is the best and safest, including the sending fee is very cheap than the exchanger wallet.
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When people have no interest in a field, they will certainly look for reasons to encourage and convert to reality. It is different if you are interested in an investment, whatever the obstacles are including little capital and basic techniques, of course you want to continue to learn and last longer even if it's only on the sidelines of your lunch pocket money .

I totally agree with you, that is why we have different skills, careers, profession etc, because everybody can't do one thing at time, if not, some work can't be done, we won't have division in labour and that can cause a lot of damages or consequences on us like jealousy, greedy, envy, selfishness etc and there will be a high rate of corruption, so it is in crypto, everyone can't be an investor, except they just want to invest for a long term, which is understandable and it's even advisable to first know the basic knowledge or understanding before investing or trading if they want to and to also avoid risks.

Someone who has been involved in the crypto world for a long time will ignore all these words and consider them as poison that can turn off other people's interest in continuing to learn about Crypto and explore ways of investing that are free from all risks. When you can manage your own money, why should you involve other people to entrust your assets to be managed by them? This comparison will also lead to the amount of results that will be obtained afterwards.

When you feel that you are close enough to investing in crypto and have learned all the ins and outs starting from the level of risk and investment strategies, you will still adhere to the basic principles of saving money in your own way. As long as you are able to guard the Seed phrase well without anyone knowing, your assets remain safe there.

Getting tired due to safeguarding his investments simply shows that he’s not a responsible investor. He just want to be easy on his investment, and blame crypto in the future if he ended up losing his seed phrase and lost all his coins. However, it’s rare to see this kind of crypto investors in the market.

Crypto investment may only be exhausting if in reality, you aren’t sure of what you are doing. But if you are determined and highly motivated to maximize your crypto investment and wants to ensure all its safety, getting tired and exhausted have never rooms in crypto.

I totally agree with you crypto investment is not for everybody is just for those that are willing to take the risk, there are some people who are not ready to go into crypto investment, but due to the stories they Heard about how people get profited from  crypto investment they just dive into crypto investment without even acquiring the knowledge about crypto investment, maybe after experiencing lose in the market they will start telling people that crypto investment is a scam.

Cryptocurrency is actually not for everybody!
You can’t still control or convince anyone into cryptocurrency or to stay if they feel like leaving, all they need yo know is the main idea behind Bitcoin itself.

I am very sure that most of these people willing to leave are leaving just because they couldn’t meet their greedy target of making money within short period of time; they are leaving because they have seen the reality behind it which involves patience and commitment. Therefore, do not kill your self just to convince someone, to do crypto.

I can feel the pain of that person and sincerely, all the points raised are valid. I have been in such a situation where I was overwhelmed by the burden of having to worry about when to enter the market, where to store my asset and how to properly protect them against loss and theft. Choosing wallet was also another challenge as I started with blockchain.com that was later revealed to be unsafe. It was when I started being active in this forum I learnt about other wallets thereafter the issue of wallet was laid to rest but there was still the issue of knowing when to buy and when to sell. I did not start as a long term holder, so the anxiety of price spikes was always there.

One of the nice things I learnt about this forum is how to buying using the DCA method that lead me to a rapid change of plans from short term to long term holding. Since I started using the DCA method, the worry of when to buy magically vanished and I no longer thing about selling. As for storage, I have not bought a hardware wallet, I still use of othe self custodian wallet.

We need to understand that crypto investment is not for everyone. There are people that do not have the patience to wait for the market to recover before they take their projects and this has been a major problem many gamblers are facing. It is very important for us to weigh what we are investing into so we don't finally lose funds due to impatience. All investors must have the patience to make money and it will be wise for us to always put our fund where we are going to be seeing returns. We have to invest what we are certain we can afford to lose. Cryptocurrency is volatile and we need to get prepared for the market turbulence or else we might keep thinking that the price of Bitcoin will keep going bullish when it is still ranging.

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.

You just need to take a break, don't watch the market all the time and don't look at your wallet balance every 2 hours, you sure don't need to do all of that all the time. Don't be too crazy about your bitcoin and just being aware on what you're clicking or downloading is probably enough to make sure that you're not getting your bitcoin stolen, also think of your wallet like how you treat your physical wallet, hide it somewhere that's out of the eyes of many people and you're already set in terms of security, just don't join in giveaways that are too good to be true, it's not that difficult to do that and most of them are voluntary things that you can do, you can probably get away with just buying bitcoin and putting it in your wallet and then leaving it behind for the next month when you accumulate again, that's it. Take it easy and you'd be fine.

Cryptocurrency is risky and we should be careful at all times.nCrypto is not a get rich quick scheme, rather its always a top notch to smell interesting winnings and never backing down from the realization of making enormous profits. Crypto investment is exhausting? Really? Because if something is generating money for you, I see no reason why you should complain other than focusing on that particular project doing the necessary stands to prove one to be winning.

I understand. But the monitoring of your seed phrase is so much important because if you just lost it then your investment is wasted. Even though you don't want to know the price in the market but safeguarding your wallet with the seed phrase is sacrosanct. I have lost my first Eloncoin wallet seed phrase and I lost everything, there was no way to retrieve the wallet again so I lost those coins.

But I have not seen people giving up on cryptocurrency investment because they are tired of the monitoring the coins..and what I have seen is that I have seen someone who was tired to wait for the bitcoin to rise and he sold them when bitcoin was still in the bear market.

I guess we all have experienced that feeling that crypto investment can be highly exhausting, the difference is that we manage to overcome that stage, while most of the newbies these days only get excited at the beginning but lose their interest in the middle of the process.

Aside from laziness, I can see that new investors these days are not highly determined and motivated to succeed on their investment. Or they only find great motivation at first, but seeing how uncertain the crypto market is, they end up quitting and leave the market before they’ll incur too much losses.

I guess it's trading which is not for everyone and not the crypto investment because we have seen people getting fed up of reading and usually quit after losing it all but I haven't seen any investors saying these things because they know any Investment takes time to give returns or maybe the person you are referring here started investing under guidance of someone who promoted crypto as get rich quick scheme.

Calling him lazy isn't the appropriate word to use on him because he's just human expressing his concern and even if it doesn't make any sense to you it still doesn't mean he's lazy, like you did mentioned crypto actually isn't for everyone and some only get into crypto because they were told it could get them rich so quick so when they eventually get to the point they find out that its way beyond just getting into crypto and you are goin to be rich almost immediately  you see them getting exhausted and burning out already because their expectations are not met almost immediately hence they will just literarily start to complain or make excuses to get them to regret ever getting into crypto but then beyond that if they could exercise some more patient they would eventually get to the point they will eventually get rich as they have envisioned.

Investing in crypto in the real sense isn't for carefree and lazy people who are impatient because investing in crypto actually gets you to be able to get all this in place else yo wouldn't be able to keep up long enough in the crypto space to be able to get as much money as you could from crypto. most crypto investment requires you are patient enough with the process and with time you eventually get to be able to make good money off it as well as you been able to getting used to the whole process and the dynamics of crypto. Duse to the profitability of crypto deals especially when done well, they eventually get to be a major target for fraudster and other hackers online which calls for the vigilance and several security on your asset which will mean you shouldn't be lazy or even nonchalant about the security of your asset else you will eventually get to losoe them to some of these fraudsters and hackers.