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Topic: Crypto success takes time - page 12. (Read 3557 times)

hero member
Activity: 1064
Merit: 639
July 10, 2020, 05:20:24 AM
~snip

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

Yes, you said right, but nowadays it is dangerous to hold coins or tokens for the long term because after some time the team gets out of the project and starts work on a new project.
My Friend, the truth is that nowadays there are no projects for long term hold.
hero member
Activity: 3038
Merit: 617
July 10, 2020, 05:17:46 AM
I agree, most cryptocurrency companies need time to fully show themselves and their token to grow to good heights, but do not forget that too many cryptocurrency companies are scam and while we are waiting for the growth of any token, at any time any token from any company may just die because the company will turn into scam.

This is also true. At any time the ones you thought that are legit and the tokens you meant to hold for more than 3 years because you thought they are going to work on with their roadmap may just dissolve in the air. There had been many of the cases that projects just gone without any updates.
But if you have the ones that are legit and have good team that seriously developing to not disappoint investors, you slowly gain with it over time.
member
Activity: 1764
Merit: 10
July 10, 2020, 05:00:37 AM
I agree, most cryptocurrency companies need time to fully show themselves and their token to grow to good heights, but do not forget that too many cryptocurrency companies are scam and while we are waiting for the growth of any token, at any time any token from any company may just die because the company will turn into scam.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
July 10, 2020, 04:39:12 AM
Many people think that Crypto can be rich overnight, as if all crypto projects are Hype projects. it takes education, regulation and more time to be able to make Crypto more developed. So that the crypto business can be more secure and have room to grow.
It's real and if you are aware about there were so many old investors have become the rich person especially for those who have invested a lot of money into the reliable project and they have become the rich person overnight.
The development needs the time but it's not for the hype because it can happen anytime.
member
Activity: 518
Merit: 23
★Bitvest.io★ Play Plinko or Invest!
July 10, 2020, 04:36:41 AM
Time is one of the factors that make some Cryptocurrencies great. Cryptocurrencies prove their platforms through time and that makes sense. People will surely use that platform if they see others use it without the worry of having being scammed from it. Everybody in the Cryptocurrency must be patient and make good decisions along the way.

We can never know what happens next unless we really have the power to look into the future. That is why we need to gather more and more knowledge then in that way, monetize our knowledge about Cryptocurrencies.
sr. member
Activity: 952
Merit: 274
July 10, 2020, 04:25:00 AM
I observed that most of the people who lose a lot of money in the market, are the people who are usually have a short term mindset where they think that they can easily be rich by just making investment in bitcoin or other altcoins.

We should be aware that success is something that we attract and it requires a long term view and not a poor mindset. It really takes time to have a progress but the time is not what matter because what is matter is we should grow as a trader or as an investor in order to be successful.
member
Activity: 196
Merit: 15
Sovryn - Brings DeFi to Bitcoin
July 10, 2020, 03:22:49 AM
Crypto success takes time, that's what roadmaps are for, development can take years and price can take time to reach a new ATH, people needs to understand this, all we have to do is try figure out how determined the team are because some projects will be abandoned later because the team are lazy
full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
July 10, 2020, 03:14:53 AM
Cryptocurrency success isn't just dependent on investor as regards time, remember that every project has a road map which follows time, anything short of that will get investors worried and see the project as a failure when it can't deliver as regards to what is written in the road map, the road map is there as a guideline and time factor which is looked upon.
Every project campaign really has a road map. Some investors looks at the road map before they invest in a specific project. Investing is not that easy knowing that scamming and hacking are really rampant in the cryptocurrency. In investing you must always look and research about the project first because it involves a large amount of money. Your money must be safe and must have a reasonable return on investment so any look or seek for a road map.
member
Activity: 795
Merit: 10
July 10, 2020, 03:13:41 AM
People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

Exactly, there is need for patience when it comes to cryptocurrency, it is not an overnight thing.  Development is a process that needs ample time.  If you trust the concept and the product of a project, then give it time to metamorphosis into something you desire.  Many projects we've written off may later become the cornerstones.  Every lasting success takes time.
member
Activity: 287
Merit: 10
July 10, 2020, 02:50:34 AM
Investing in the crypto world is only for those who are prepared with high risk. The price of cryptocurrency is very volatile, you can be rich or poor in an instant.
member
Activity: 345
Merit: 10
July 10, 2020, 12:00:38 AM
Many people think that Crypto can be rich overnight, as if all crypto projects are Hype projects. it takes education, regulation and more time to be able to make Crypto more developed. So that the crypto business can be more secure and have room to grow.
wrong understanding for people who are new to crypto. Simple thinking that can make people lazy to invest in the crypto market after experiencing a loss. giving good understanding to new people is the first step we must do. this market really can fool everyone when they think everything can happen very quickly.
full member
Activity: 2044
Merit: 109
July 09, 2020, 11:38:37 PM
Many people think that Crypto can be rich overnight, as if all crypto projects are Hype projects. it takes education, regulation and more time to be able to make Crypto more developed. So that the crypto business can be more secure and have room to grow.
member
Activity: 481
Merit: 11
July 09, 2020, 11:28:22 PM
in my opinion the road map given by the developers is very important because with the roadmap it can be used to see the journey of the process being developed and can provide clear information to investors because when no roadmap is displayed it will confuse investors when they can get profit .
the most important is the big planning that will be done in the future. that's the promise of new projects that must be developed and sometimes become the main consideration of investors. but unfortunately, some projects often change the road map that is made. even whitepapers are also sometimes updated. if the project is still going according to the road map, it's still lucky. many projects are completely dead and not carrying out their plans.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
July 09, 2020, 11:13:23 PM
All these projects have a roadmap and some number of development team and then lots of people money millions so basically the only thing needed is follow the roadmap and deliver sequentially Anything twisted will hurt the project and people will panic I will suggest they try to keep people off fron panicking
you're right, it's just that some projects don't follow their own roadmap, or have a roadmap that doesn't have complete-time data. however, it all does take time for development. besides that, the roadmap is also just a plan, the plan may be hampered for some reason.
in my opinion the road map given by the developers is very important because with the roadmap it can be used to see the journey of the process being developed and can provide clear information to investors because when no roadmap is displayed it will confuse investors when they can get profit .
member
Activity: 672
Merit: 10
July 09, 2020, 10:54:39 PM
you're right, it's just that some projects don't follow their own roadmap, or have a roadmap that doesn't have complete-time data. however, it all does take time for development. besides that, the roadmap is also just a plan, the plan may be hampered for some reason.
Some projects even add some planning when the project runs. an update that was not in the initial project planning was made. this is reasonable I guess because they adjust everything to the changing market conditions. an example is the blockchain network migration. we often see that happening in a project. but I'm sure there are no developers who planned it from the start.
full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
July 09, 2020, 10:08:01 PM
Cryptocurrency success isn't just dependent on investor as regards time, remember that every project has a road map which follows time, anything short of that will get investors worried and see the project as a failure when it can't deliver as regards to what is written in the road map, the road map is there as a guideline and time factor which is looked upon.
Yes the success of cryptocurrency does not only rely on the investor. Though the investor really has a huge amount of contribution in here it does not define only in investors. Investment return on investment really takes time. In investing you have to invest your money and wait for the charts and trades and from that you may gain so much return on investment depending on the amount of the money that you have invested. You must also choose and research for the best project in which you may invest to.
copper member
Activity: 389
Merit: 1
July 09, 2020, 09:49:21 PM
People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

I'm in agreement with your opinion, the major issue is that several cryptocurrencies and projects have disappointed investors in the past and this creates a feeling of distrust in the mind of many investors, whenever there's any price loss or volatility, its seen as a ploy of developers to dump the project.
sr. member
Activity: 1162
Merit: 260
July 09, 2020, 08:38:19 PM
What you said is absolutely correct. It's hard for a project to succeed in the short term. Not too many bounty hunters can stick with a project because they don't have enough money to maintain it. Besides, a successful project takes many years and at first they often face many difficulties.
If the project has already gotten a lot of hype and the success can be reached instantly. It's not impossible for the project to be a major platform in less than a year and you should see the reality if everything depends on the project development itself.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
July 09, 2020, 08:37:10 PM
I agree that investing in cryptocurrency cannot be instant, we need a long time to succeed in cryptocurrency.

It needs to have proper knowledge and right skills to managed your success while you are inside this business.

Most people expect  in a short time to become rich in investment in cryptocurrency, the chances are like that is very small.

Small or nothing at all, people who have that same mentality mostly failed and losses their investments.

If you want to succeed investing in cryptocurrency must be patient, sometimes we need 2-3 years to feel the profit we want.

Good amount of patience is indeed the key in succeeding from this business.
full member
Activity: 1736
Merit: 116
July 09, 2020, 07:59:20 PM
I agree that investing in cryptocurrency cannot be instant, we need a long time to succeed in cryptocurrency. Most people expect
in a short time to become rich in investment in cryptocurrency, the chances are like that is very small. If you want to succeed
investing in cryptocurrency must be patient, sometimes we need 2-3 years to feel the profit we want.
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