Crypto is not a get rich quick ponzi - page 2.

robelneo

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Quote from: Wysi on January 12, 2020, 03:43:19 AM

The reason I have come up with this topic now is for the fact that the value of bitcoin has been good from past one week or so and this is the time when most of the newbies end up buying at peak assuming they will get huge return on investment very quick just like they thought for 2017 bull run without understanding how crypto works and ended up being the losers or panic sellers. I urge everyone to take a moment and do research before investing.

It used to be before 2017, when the market drop from all coin's all time high, and from them on so many coins are exposed as useless coins which offers nothing to the community, their platform were useless and so many scammers run away with money, because of this, investors have matured and they selecting which coin to invest and that does not include new coins coming up in ICO.

BrewMaster

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that is wrong. and it is a common mistake among newcomers too. what you said is only true about bitcoin not crypto in general. as a matter of fact a large number of altcoins are complete scams as it is evident from the past years' disappearance of hundreds of them specifically the ICO tokens that were the definition of a Ponzi scheme.

noormcs5

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Quote from: UserU on January 12, 2020, 08:47:43 AM

Quote from: noormcs5 on January 12, 2020, 07:29:39 AM

Those who enter in crypto field thinking they will become rich quickly, will only end up in a loss. You should think crypto as a long term investment. The longer you can wait in crypto, the better it will be for you. People who come in crypto for short term, get disappointed quickly and then leave the crypto saying its a ponzi scheme.

Crypto is just like any other investment schemes like stocks and forex. There are those who buy high sell low and vice versa. Willing buyer, willing seller.

More often the opposite of this happens. People are forced to buy high and sell low because of lack of faith in crypto and no patience.
I everyone has patience and power to hold, no one will lose in crypto. It is still the most profitable investment than stocks and Forex.

UserU

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Quote from: noormcs5 on January 12, 2020, 07:29:39 AM

Those who enter in crypto field thinking they will become rich quickly, will only end up in a loss. You should think crypto as a long term investment. The longer you can wait in crypto, the better it will be for you. People who come in crypto for short term, get disappointed quickly and then leave the crypto saying its a ponzi scheme.

Crypto is just like any other investment schemes like stocks and forex. There are those who buy high sell low and vice versa. Willing buyer, willing seller.

noormcs5

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Quote from: quarkfx on January 12, 2020, 06:24:21 AM

its common for some to buy when there is a raise in price thinking that they will get profits quickly is the buy at top its bad obviously is rally is not over then they end up with little profits for big risks , disciplined traders avoid due to risks in this type of move

as I have seen newbies don't exit from this trades even there is are in loss ,either they try to average out or wait for price to go up again and lose more and finally they get frustrated and lose huge

Those who enter in crypto field thinking they will become rich quickly, will only end up in a loss. You should think crypto as a long term investment. The longer you can wait in crypto, the better it will be for you. People who come in crypto for short term, get disappointed quickly and then leave the crypto saying its a ponzi scheme.

quarkfx

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its common for some to buy when there is a raise in price thinking that they will get profits quickly is the buy at top its bad obviously is rally is not over then they end up with little profits for big risks , disciplined traders avoid due to risks in this type of move

as I have seen newbies don't exit from this trades even there is are in loss ,either they try to average out or wait for price to go up again and lose more and finally they get frustrated and lose huge

The Cryptovator

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Quote from: Wysi on January 12, 2020, 03:43:19 AM

this is the time when most of the newbies end up buying at peak assuming they will get huge return on investment very quick

That's what doing newbies always. And I think that is the one of most important reason why bitcoin continuously go up when start small bump. Same thing happen when they get panic and start sell then bitcoin go down continuously. But when you will ask them to buy when dumped bitcoin they will reject you. I have encountered same situation when bitcoin went $3K, I had suggested some people to buy it and hold but they told it will dump more. But what happen? Bitcoin start bumping and same people bought bitcoin at on $5K price. That's what was their thought.

Since we don't know what would be bottom, that's why I believe if someone want to buy then go with current bottom. No need wait for long time, because who know it would dump or pump.

virasog

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Quote from: Wysi on January 12, 2020, 03:43:19 AM

The reason I have come up with this topic now is for the fact that the value of bitcoin has been good from past one week or so and this is the time when most of the newbies end up buying at peak assuming they will get huge return on investment very quick just like they thought for 2017 bull run without understanding how crypto works and ended up being the losers or panic sellers. I urge everyone to take a moment and do research before investing.

You are giving a wrong message to the Newbie and discouraging them from investing in Bitcoin. This is not December 2017 where the bitcoin prices are very high and the investment could result in a loss. The current bitcoin prices near 8000$ are ideal for investment and can give good returns in one year time.

Coyster

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Quote from: Wysi on January 12, 2020, 03:43:19 AM

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Bitcoins prices is not even near it's peak and we are not in any bull run, I don't think anyone would be rushing in to buy because of a bull run, because imo there is none, BTC price is at 8000+ this morning.

Do they have to do any research at all, if they are to buy now, it may not be a bad time to do so, if they are going to be hodlers, patient ones, then they will get ROI in the end. Were they should do much research on or maybe not even go to is with this scam altcoins and icos

Bttzed03

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How do you know that most of the newbies were buying at last week's "peak"?
Can you still call them newbies if you are saying "just like they thought for 2017 bull run"?

Quote

Crypto is not a get rich quick ponzi

There are plenty of ponzi operators out there using crypto for their get-rich-quick investment scheme.

akirasendo17

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Quote from: Wysi on January 12, 2020, 03:43:19 AM

The reason I have come up with this topic now is for the fact that the value of bitcoin has been good from past one week or so and this is the time when most of the newbies end up buying at peak assuming they will get huge return on investment very quick just like they thought for 2017 bull run without understanding how crypto works and ended up being the losers or panic sellers. I urge everyone to take a moment and do research before investing.

Actually the value of bitcoin is on the right path, if you will see the value of bitcoin from the start until now its stable, from the looks of other only that the price is going down since they bought it in the higher price, but in the start of 2017 the value of bitcoin is $5000 if you look in the price now its $8000 the price has gone up not down, and its getting better, i disagree on people who is pulling the price pretending they know everything but in the historic data in the image ill show below shows its on the right path the curve lines higher than the black line are pump but with the black line as a path its going up

this only shows that it will reach new all time high next year will be $9000 to $10000 stable price this only my analysis but i think i have a point since like what i said 2017 value is $5000 and now after 3years its $8000
its $1000 a year right see for yourself

Wysi

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The reason I have come up with this topic now is for the fact that the value of bitcoin has been good from past one week or so and this is the time when most of the newbies end up buying at peak assuming they will get huge return on investment very quick just like they thought for 2017 bull run without understanding how crypto works and ended up being the losers or panic sellers. I urge everyone to take a moment and do research before investing.

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