Topic: Crypto investment is exhausting for some ? - page 3. (Read 491 times)

The only people that I see from getting tired on investing on cryptocurrencies are the people who did not do any prior research before such investment and they are the ones who complain when the price dips after they purchased it on ATH.

I really find it funny and ironic that the people who complain that BTC is a "bubble" are the very same people who failed on their BTC investments. Just because that they failed does not equate that BTC is a whole "scam" or "scheme" as others may say.


Literally, HODL means holding your coins for a designated time. You have total control over your BTCs (as long as you have your private keys) and you decide whether you should liquidate them or not.

Do not sweat on these things- investments are called "investments" for a reason. Nothing is guaranteed and profit-making is not absolute; exercise caution and diligence in order to maximize every opportunity especially during forks or bull runs.

Sometimes not investing the actually money that would keep giving us profits could make everything exhausting.
People want to make money from cryptocurrency but the problem is that they are scared to out their funds into crypto.
Fear could be one of the reasons why many people keep getting fade up about cryptocurrency.
The market is very volatile and one would have to keep holding for as long as possible so we can actually make profits from the market.

After I watch the first Pharagrah I thought Is you that give up with the crypto industry hahahha. But it is someone else right? for me and my friend or other family member I always told them Join crypto is risky and I consider invest in here is very High risk you need knowledge and the point is this space is not everyone. But I also tell the reward with them and maybe there is one or two member who consider crypto as farming money, In your case I believe he get exhausted because all privacy stuff but those are simple IMO you don't need a hardware wallet or verify anything just by doing a double wallet one for cold that need to verify everything but use very little activity and a hot wallet with less money and you can use anything anywhere no need 2fa and use for daily use that it

It just proves that crypto investment leaves different impact to everyone. Some just find it hard only at first but then get used to it and finally like and embrace the nature of crypto investment. While others continue to become pressured until they become completely exhausted and leave crypto finally.

Unfortunately, crypto investment is not for everyone most especially to those who have weak hands and easily get bothered and emotional when they see their investments consistently drops its price. Otherwise, if they won’t leave crypto earlier, they might suffer heart attack while seeing their portfolio losing their value.

many, most of them learn when bullish and stop when bearish,lol, it's ridiculous those who come from fomo.

but indeed the first time I got into crypto it was very tiring, I was like crazy looking at my estimated assets in my wallet every few minutes, if there was a price drop I panicked and sold, when the price went up I also panicked and bought, this vicious circle continued the same My capital has run out...lol...very tiring and frustrating. but that was before, now I'm still the same

One thing you must know is that Cryptocurrency is not for everybody if he can't cope he should leave  and again everybody must not survive or make money through crypto even with the evidence that people are making money on crypto many people don't still trust and like crypto and I guess he is among those that don't like Cryptocurrency. Some people are so lazy to an extent  of waiting for someone to come and put food in their mouth. However, crypto is exhausting yes, but my question is there anywhere they chase money and it is easy before you feed or eat in this life you must strive, suffer, hustle etc, most of the thing that gives one tough time there's always a smile at the end.

Been there, done that. Most of these folks are excited and interested when the bull run is there but talk with them during the bears, they'd show no interest.

This is true.

They're lazy, they think that money grows on the trees and they just want to take quick cash.

It’s certain that crypto investment is really tiring and exhausting, most especially if you are just here to invest for quick and immediate profits. That simply proves that you don’t really understand how crypto investment works and how it will be more profitable if you are just willing to hold and secure your coins 24/7.

I guess no real investment is easier and quicker to reap its profits. You have to exert time and efforts to understand your investment and how it will possibly work. And that’s normal to see mistakes and losses at first since you are still in the process of learning, but eventually if you are just patient and more positive on your investment, you will overcome those risks and pressures and succeed in the end. Crypto is never an exception, it needs a lot of patience and understanding in order to make it work and profitable.

I believe he got overwhelmed by the amount of information that he needs to learn in order to keep his cryptocurrencies safe.
Lazy? It might be, but if that's the case then I don't think that he's exhausted at all. Based on your story, I believe that the fact that he can't trust anybody is one reason why he don't want to get himself involved with crypto anymore.

Crypto isn't for everyone that's for sure. I can still remember the times when I see the market going down double-digit percentage in a single day, and that makes me nervous - but that was when I was a newbie. I did some research back then and I learned that it's a pretty common thing in crypto. Other investors can't take that thing, and they might make wrong decisions just because they see the market and their portfolio down double-digit percentage in a single day. As for your "friend" (I assume), I guess that's the downside when you aren't putting your assets into one single company or establishment like when you put your money in your bank. You're the one that needs to keep your coins safe, and it's your responsibility to keep it safe.

Being lazy sometimes work in crypto. How? Just buy cryptocurrencies, store it in a safe wallet like a hardware wallet, and if you're lazy looking at the markets on a daily basis then that might decrease your chances of making some wrong decisions. I've seen investors who are panicking just because they're looking at the markets on a daily basis, and they saw the market being down by a huge percentage.

The reason is laziness, because people lack accuracy, and they understand this very well. All the points that are described on behalf of the “tired” speak about this. Is it difficult to buy a hardware wallet? What is the need to regularly monitor the market if you are only a holder? How much more worry about having a seed phrase if you once found a good place for it? Such people can live with their doors open, trust banks, and, in case of any troubles happening to them, blame everyone but themselves. Lack of responsibility for your life at the highest level. Well, it's their choice. We know many who, according to documents, are adults, but in their heads they are still a mother’s son.

Some might to lazy but to be sincere I dont blame those who believe cryptocurrency investment to be exhausting and it's true unless we want to lie to ourselves because 90% of all crypto investors had enough sleep ever since they joined the space while the remaining percent that dont know about the market opportunities had 6-8hours sleep.
if there's no creation of bots that ease the working of some traders and investors the exhausting level will be more than what we're seeing now.

People are free to say whatever thing they like about investing on cryptocurrencies, but we should never forget that its not a force to invest when we are not in the right mind to do so, we should also not follow others without having our own personal and convincing reasons why we should invest, because this will be our priority towards whatever thing we want to achieve when we invest after the adoption.

Unfortunately, there are those who believe that investing in cryptocurrencies (or in the stock market in general) is a quick free profit, without taking into account all the necessary requirements for that, the most important of which are the necessary precautions to protect assets in addition to acquiring skills to trade according to strategies and plans that require... Knowledge and training.

It is also unfortunate to admit that trading platforms are no longer satisfied with the role of providing trading or swap services, but rather have gone beyond it to perform additional functions for users who are unable to achieve them on their own. Cryptocurrency exchanges today are no different from stock exchanges, as they now enable users to try trading strategies (demo accounts) with the possibility of integrating bot functions, without forgetting the possibility of using the account itself for cold storage for those who want to invest in the long term.
Without all these services provided by the stock exchanges, it is certain that the majority of current users in the investment market would not have continued their investment experience, and would most likely have changed their investment fields because it is not, in fact, a field that is within everyone’s reach in all respects.

Crypto isn't really for everyone and just as in general of investing, it ain't for everyone as well.

Yes.

I've got friends in real life who have made a profit in crypto and they spent a lot of time researching this. But after some time, all of their minds have changed because they've sold and missed the dip.

But good thing that I am seeing from them today is they're going back. So, if anyone that you know came out from the market, the time will come that they're going to come back because there is no other market like the crypto market they'll see opportunities as the same.

I did not seen so many people involved in crypto so how can I see ones giving up haha, well, the points that the person used to leave crypto sector are legit but first we have to understand is, investing in crypto is not a child play, you have to remain up to date in order to know what is ongoing in the crypto field. For example, you want to use X platform but using it after a long time, first you have to see if there is anything wrong about it or not, like many people used mixer after long time but first they did not confirmed if they are live or not and end up being scammed (I prefer to use the term scammed).

So remaining up to date is not going to safe you from such scams but you will know a lot about crypto, the more you know the more investment opportunities you will find. Its like a hobby, I used to read news more but don't share them with other a lot. As consuming these news gives me more knowledge about the market thus opens new investment opportunities. Nothin is easy in this world if you think you can make free money in crypto with no efforts then you are wrong.

My cousin (younger than me) said you join airdrops and invest money in crypto that's effortless, you are doing no work in here. I first thought from where I should start my answer but I knew he would not understand until I will show him, so if he will ask again then I will show him till then he have to live what I have told him that I have to put my efforts and have to spend a lot of time in the market or on laptop.

I think that your analysis makes a lot of sense, newbies that are starting out into the crypto market should concentrate on investing in Bitcoin, because it is not a scam cryptocurrency. If they understands how it works that it is a long term project, then they can do DCA method, and take profit during peak of bull run. They should also understand that investing in altcoins, especially new projects that have not gained reputation are risky, it takes experience to research and take chances to buy them, also altcoins are better to trade than investing, provided the newbie understands it's fundamental and technical analysis.

Profit is a motivating factor when you are in any business, so if someone that has invested in cryptocurrency and have been having loses, that can make them to lose interest. Even if it's a business that someone doesn't like, the prospect of making profits in it can make the person to remain, but most altcoins are scams, so newbies are better off with Bitcoin, that they're sure of it's profitability.  

Nothing good comes easily and all these hard wallets and protection of seed phrases are just to grant your assets full security and privacy so it shouldn't be exhausting. We need to understand that cryptocurrency needs a lot of patience but just like he said there are times when everything seems tiring though it's even more relaxing for anyone who focuses in making investments instead of trading because the trading aspects of cryptos is hell because staying glued to how the market is going and using different signals to know the actual time to trade is not easy but when you devote more time studying about cryptocurrency everything will look so easier for you the only thing I don't like about trading is that it consumes a lot of time.

I have a friend who told me that he would never cryptocurrencies because they are not backed by any deposit insurance corporation. He referred me to commercial banks that are insured so that no depositor will lose funds in case of bankruptcy. However, the fact is that cryptocurrencies are not for everybody because some people don't want to learn anything new or innovative. They are comfortable with fiat and its operations. These persons are careless about privacy or decentralization. There is another set of people who are interested in cryptos but they don't want to have custody of them. They think that keeping cryptocurrencies is too risky and complicated. This is the reason why many of them prefer to invest in the sector through third parties like ETFs.

OP maybe your friend needs some level of motivation not because learning something new is frustrating. I think he should know more about the benefits of crypto as well as the dangers of centralization. He would appreciate cryptos when the government seizes his funds or places some restrictions on his bank account.

In my opinion, they are not lazy because they must have tried, meaning they have the intention to start and must have done a little research regarding the coins they will invest in. They are not lazy but I think they lack patience. Investing in crypto requires being patient, not panicking, and continuing to look at ongoing developments and moments.

You may feel desperate to find the next big investment opportunity, but the Whales have enough capital to sit on the sidelines for two years or more waiting for the right time to strike. They can easily survive a bear market, with losses, for years.

In other words, rich investors can take several years of losses to get rid of weak HODLers. If you don't have patience and knowledge about this, then you will always buy on the wrong side of the market. If you are patient enough to wait even a full year to buy in bearish conditions or HODL until the next bull run, then you will make huge profits and it is a good long-term cryptocurrency investment.

When someone truly understand their weakness, they can turn it into strength. What I mean in essence is that I was once like the person who made this statement when I joined the cryptocurrency industry. But the difference between myself and the complainant is that I decided not to give up and started learning about accuracy, precision and the cool headedness. On the long run it has helped my personal life. I am no longer a carefree someone, I am now good in safe keeping of items and before I make transaction I will have to cross check very well, this has translated into my real life that I am now a good gentleman. What one has to do is to face their fears and it will no longer be a horror.
Cryptocurrency has so much to do with confidence, security and precision. If you are to be your own bank, atleast be ready to do 20% of what banks do to secure people's money.