Topic: DYOR before joining!!!!!!!!!!!!!! - page 2. (Read 767 times)
Well you are absolutely right, most people actually don't invest deeply into their projects before joining and when they lose their funds they tend to complain. Anyway, just as you drew the conclusion i also agree with the fact that we may not see a bull run of bitcoin any moment soon. Aside all these there are other cryptocurrencies you can invest into them and gain profits from time to time.
most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
This is not happening with each and every user. Most of the people get in with clear understanding and the risks associated with the market. Earlier the scenario is different with people coming into cryptocurrency with the blank understanding of earning big just on knowing about bitcoin. but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
Yes always do research before joining and invest in something and if something is not clear do research again and ask someone from community or read reviews if there are.
I agree with your submission.
I actually had an experience of this, don't blame much.
I had just joined Crypto and it happened I read in telegram group where one one ,I think the coin is ripple.
They were talking about ripple,how that it was a good coin to buy and hold.
I didn't know there was something like ..DYOR as a noob that I was.
I rushed to binance and bought ripple ....the price then was $2+.
That was how I went bankrupt.
I actually had an experience of this, don't blame much.
I had just joined Crypto and it happened I read in telegram group where one one ,I think the coin is ripple.
They were talking about ripple,how that it was a good coin to buy and hold.
I didn't know there was something like ..DYOR as a noob that I was.
I rushed to binance and bought ripple ....the price then was $2+.
That was how I went bankrupt.
Aww. At least you have learn a valuable lesson here. You shouldn't just buying coins because someone has said about it. That are the strategy of most pump-and-dump groups.
But as I have said, lessons learnt, I'm sure that as you go along your trading journey, you will learn a lot of lessons and you shouldn't make that past mistakes again.
most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
The main problem with that mindset is not greed but laziness, you could have a strong desire to multiply your capital but if you are hardworking you will be willing to put the effort necessary to learn the skills to make money in this market, the ones that are lazy on the other hand do not want to make any effort and they still want to get profits, something that is impossible unless they get lucky and even if that is the case they will eventually lose their money if they keep investing that way since no one can be that lucky. but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
This is not happening with each and every user. Most of the people get in with clear understanding and the risks associated with the market. Earlier the scenario is different with people coming into cryptocurrency with the blank understanding of earning big just on knowing about bitcoin. but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
This is not happening with each and every user. Most of the people get in with clear understanding and the risks associated with the market. Earlier the scenario is different with people coming into cryptocurrency with the blank understanding of earning big just on knowing about bitcoin. but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
Yes, that's their first mistake in this crypto sphere. They though that everything is easy money here, well during it's peak in 2017 there are lot of people who became rich but it doesn't mean they didn't do anything on their end. They have waited long enough to hold their bitcoins, thus becoming rich in due time. But for some who thinks that there is short cut here, they are all wrong. We all need to work hard, have a good investment or trading plan and execute them so succeed here.
most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money
I agree with your submission.
I actually had an experience of this, don't blame much.
I had just joined Crypto and it happened I read in telegram group where one one ,I think the coin is ripple.
They were talking about ripple,how that it was a good coin to buy and hold.
I didn't know there was something like ..DYOR as a noob that I was.
I rushed to binance and bought ripple ....the price then was $2+.
That was how I went bankrupt.
I actually had an experience of this, don't blame much.
I had just joined Crypto and it happened I read in telegram group where one one ,I think the coin is ripple.
They were talking about ripple,how that it was a good coin to buy and hold.
I didn't know there was something like ..DYOR as a noob that I was.
I rushed to binance and bought ripple ....the price then was $2+.
That was how I went bankrupt.
To earn in the CRYPTO space, you must ensure you are strategic, do not be in a hurry to invest, research, study read and get acquitted with current and detailed knowledge about the token or project, before investing in order to avoid being scam or a loss investment.
That's correct, we should not think it's easy to make money in crypto. We need to wait and always remember that crypto is for long term, hence it might not give you your expectation for short term.
Believing on it will make you stay, because the with your trust you can endure the challenges, one of the big challenges that we are facing now are the bears.
This is why many people will pump money into the crypto and quickly expect it to yield result in days, crypto currency is not a Ponzi scheme designed for the lazy ones to get quick rich, it is a system design for a purpose other than just profit and it has to realize that purpose of service as payment network while also working with the profit part, we just need to see the 2 together and give it a little breathing space.
We all here are like playing a gambling because cryptos are verry unpredictable .
That's an accurate comparison, especially with investing on bitcoin, it start's with less than a dollar and now it's already thousands in dollars. The value could go zero and that's a big risk, that way if happens, we will loss our entire investment.
We are here because we believe on the future and even if BTC price is already high, we still believe it will rise more in the long run.
those who failed are not mean that they have a poor knowledge because even pro traders and investors do also experience to failed no matter how good at them at analyzing and decision making . its just crypto will move on their own depending on the mood of whales and other big manipulators .
Failure means they gave up already and we might call them poor because they don't trust crypto and they easily panic.
But for us who understands its potential, no matter how many times we fall, we will still continue to believe that one day we will enjoy our sacrifice today.
I think that it is a market trend just like in fiat currencies in forex, soon we will have a high, but unpredictable to know when and how much!
Doing your own research should not be excluding other peoples opinions tough. I know there are a ton of shills out there for all kinds of weird small scammy looking coins so of course do not take all peoples opinions on the subject but look at how much positivity is involved in numbers.
snip
The problem is that you cannot differentiate between an honest opinion and someone pushing his own interests on you, so while in theory you are right it is my opinion that if you really want to become profitable in this market you need to rely on your on judgment and not in the judgment of anyone else, also the number of people supporting a project does not really tell us anything about how legitimate that coin really is since there have been several cases before of popular coins that eventually scammed their customers. snip
I am not too worried about the market and I still fine to wait for the market for the recovery. I don't think that it is the end or crypto is dead but I think that is the new beginning of the crypto and most people will join in crypto.
Although we are still in the bear market, it doesn't mean that we stop what we did, I think we need to keep doing until we can see the market has a full recovery and I am sure that it will happen soon. Many people cannot face the reality that the crypto was not increased in the higher price, but if you take a look closer, you will found that actually, the market still moving to the good progress.
Soon, this will over, and that will be the time for us to make a big profit like what we did before and just prepare for that time and don't forget that we still have time to buy as many coins as we can.
Although we are still in the bear market, it doesn't mean that we stop what we did, I think we need to keep doing until we can see the market has a full recovery and I am sure that it will happen soon. Many people cannot face the reality that the crypto was not increased in the higher price, but if you take a look closer, you will found that actually, the market still moving to the good progress.
Soon, this will over, and that will be the time for us to make a big profit like what we did before and just prepare for that time and don't forget that we still have time to buy as many coins as we can.
To earn in the CRYPTO space, you must ensure you are strategic, do not be in a hurry to invest, research, study read and get acquitted with current and detailed knowledge about the token or project, before investing in order to avoid being scam or a loss investment.
That's correct, we should not think it's easy to make money in crypto. We need to wait and always remember that crypto is for long term, hence it might not give you your expectation for short term.
Believing on it will make you stay, because the with your trust you can endure the challenges, one of the big challenges that we are facing now are the bears.
That is where most people failed, thinking that getting into crypto is really a get-rich-quick money scheme. You need to work hard on your end if you want to learn all about crypto and get profit. If someone fails, he will convey it to his friends, family or colleagues in a different context. That is when other people are getting the negative notion bout crypto. For old supporters of crypto, they already know what to do to get the maximum benefit even from this market condition.
We all here are like playing a gambling because cryptos are verry unpredictable . those who failed are not mean that they have a poor knowledge because even pro traders and investors do also experience to failed no matter how good at them at analyzing and decision making . its just crypto will move on their own depending on the mood of whales and other big manipulators .
To earn in the CRYPTO space, you must ensure you are strategic, do not be in a hurry to invest, research, study read and get acquitted with current and detailed knowledge about the token or project, before investing in order to avoid being scam or a loss investment.
That's correct, we should not think it's easy to make money in crypto. We need to wait and always remember that crypto is for long term, hence it might not give you your expectation for short term.
Believing on it will make you stay, because the with your trust you can endure the challenges, one of the big challenges that we are facing now are the bears.
That is where most people failed, thinking that getting into crypto is really a get-rich-quick money scheme. You need to work hard on your end if you want to learn all about crypto and get profit. If someone fails, he will convey it to his friends, family or colleagues in a different context. That is when other people are getting the negative notion bout crypto. For old supporters of crypto, they already know what to do to get the maximum benefit even from this market condition.
To earn in the CRYPTO space, you must ensure you are strategic, do not be in a hurry to invest, research, study read and get acquitted with current and detailed knowledge about the token or project, before investing in order to avoid being scam or a loss investment.
That's correct, we should not think it's easy to make money in crypto. We need to wait and always remember that crypto is for long term, hence it might not give you your expectation for short term.
Believing on it will make you stay, because the with your trust you can endure the challenges, one of the big challenges that we are facing now are the bears.
That is where most people failed, thinking that getting into crypto is really a get-rich-quick money scheme. You need to work hard on your end if you want to learn all about crypto and get profit. If someone fails, he will convey it to his friends, family or colleagues in a different context. That is when other people are getting the negative notion bout crypto. For old supporters of crypto, they already know what to do to get the maximum benefit even from this market condition.
To earn in the CRYPTO space, you must ensure you are strategic, do not be in a hurry to invest, research, study read and get acquitted with current and detailed knowledge about the token or project, before investing in order to avoid being scam or a loss investment.
That's correct, we should not think it's easy to make money in crypto. We need to wait and always remember that crypto is for long term, hence it might not give you your expectation for short term.
Believing on it will make you stay, because the with your trust you can endure the challenges, one of the big challenges that we are facing now are the bears.
I don't know if I am the only one that is not worried about the market and feel it is doing fine?
I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.
It is only the weak hands that are complaining while the wise ones are taking advantage of the market to get good altcoins at cheap prices.
What is you thought?
There is no such thing as the end of cryptocurrency, one it was launched on the internet it will exist for ever and the utility of this technology is obvious so as the starter of this topic sayed: cheap good altcoins. I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.
It is only the weak hands that are complaining while the wise ones are taking advantage of the market to get good altcoins at cheap prices.
What is you thought?
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