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Some of the shit people sometimes offering to non crypto user to buy a crypto example like Ponzi Coin and other crypto assets. but they not explain the risk went investing/trading at cryptocurrency. I already see a few people like my cousin/friend noncrypto user they got capital lose because dont know the risk of trading they said just know trading from someone else. 
Topic: Have you figured out what you are Investing in? - page 10. (Read 12266 times)
People want to get rich quick by investing in crypto HYPE but yes don't know anything that happens in the market, just buy and if it goes down cause people talk about FUD they panic continue to sell it. Such losses can occur at any time cause there is no knowledge base for cryptocurrencies, you're right dude there must be a knowledge base in investing.
The hyped in 2017 cause bitcoin and others cryptocurrencies to surged toward the end of the year and complete crashed back to the bottom in December 2018. Did people really know what they are investing in? Is a question that keeps ringing in my mind and actually the answer to that question is that people follow the hype and forgot to checked for reality before investing and this come from the testimony of those that has claim of making big profits or gain from the past surge that came into the cryptocurrencies market.
I think the red flag there is that people think of what they are going to get from their investments into cryptocurrencies more than the capital they have invested and as results when the reality done on them, they began to sell out of panic and in turn the market clash like it happens through 2018.
Now that we have another opportunity to invest because of the down turned, I do believe that it is good you look at the reality behind any coin you want to invest in and not the FUD, manipulations, FOMO and hype behind those coins.
You cant actually blame those people who are just being dragged in because of the Hype which happened on 2017 those times is the time were lesson learned things is very expensive specially to those people who havent sold out their coins yet which they had purchase on ATH price. They do realize that they do rush things up to invest without even thinking the possibility of dump.I cant really say its not a bubble but with that kind of correction its most likely the same. I think the red flag there is that people think of what they are going to get from their investments into cryptocurrencies more than the capital they have invested and as results when the reality done on them, they began to sell out of panic and in turn the market clash like it happens through 2018.
Now that we have another opportunity to invest because of the down turned, I do believe that it is good you look at the reality behind any coin you want to invest in and not the FUD, manipulations, FOMO and hype behind those coins.
All the hype that happens must be analyzed very well because it determines a good investment in the future, so knowing what is invested is a must because most people don't realize it's just tempted by prices without wanting to know what's happening, it's all about what prices they want not for everyone, I say that this is a very good opportunity to invest, I hope everyone understands that from all parties to better understand whatever is happening in the market.
If we are looking at how the hype in December 2017, there are a lot of irrational buyers, meaning they just throw in money in the market without really understanding what they are doing in the first place. And when the market plummets they started to panic and realised that they have done something which they didn't understand.
Dumb money at its finest. I found it quite hilarious to see how people who joined in 2017 legit believed that crypto could only go up. I still browse through last year's social media posts where people said that $17,000, $16,000, $15,000 etc, were great dips to buy and that $50,000 before the end of 2018 is a realistic target.
The correction that we have seen happen last year made these get rich quick noobs finally respect this market more, because you are NOT an expect just because everything in a bull run is going up. Seriously, you could have bought a random shitcoin and still make insane profits.
Fundamentals didn't play a single role back then. More precisely said, the coins with the worst fundamentals actually outperformed the coins with the best fundamentals, percentage-wise. Sure, there is not all that much liquidity in most shitcoins for deep pocket investors, but for a newbie investing a few thousand it's more than enough to do the job.
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All those who invested in bitcoin at the end of 2017 were the victims of their own ignorance, but also very poorly informed media who pump story about magical internet money which has increased its value almost 20 times in one year. Who can resist a quick and easy money? Most people by their nature can not do that, so they take money from banks, from socks and under the pillows just to buy bitcoin.Although it ended badly for some of them, and somehow threw the ugly picture on bitcoin, I think it had a positive side as well. People learn best from their mistakes, which can have a positive effect in some of the next bull runs. What is important to understand that knowledge is the most important thing, you need to know in what you investing, but also very important when is time for investing.
I do not blame losers in cryptocurrency especially in 2017 because we also had winners. The winners are those that "woke up" quick to hit the road. They invested before it was time for crash.
I can say that 2017 was a rush time and we had so many activities in crypto, icos with shit projects saw it as a business time.
I can say that 2017 was a rush time and we had so many activities in crypto, icos with shit projects saw it as a business time.
People will invest in dog shit, if there are some reason why dog shit's price would skyrocket in the future.
And there's nothing wrong with that.
I'm confident most people who piled in only had one thing on their mind and it was dollars, not decentralisation. Since the creators of almost all coins were only doing it for dollars too then there's a certain collective honesty there, albeit an unspoken one.
People will invest in dog shit, if there are some reason why dog shit's price would skyrocket in the future. The sudden spike in the Bitcoin price in 2017 has drawn a lot of speculators into this technology and most of them do not even know how to use bitcoins. A lot of them have never even opened a wallet or spend any of their coins at a merchant.
So greed will drive any speculator to invest in anything, even if they do not have a clue what it is.
So greed will drive any speculator to invest in anything, even if they do not have a clue what it is.
The problem with people who are investing out of hype is that, they are not really aware what caused the hype. This is one of the main reason why a lot of people, usually or most of them are new people in cryptocurrency, had lost a lot of money and now blaming cryptocurrency for it. As an investor, it is our responsibility to be updated or at least aware of what we are getting involved to.
Actually, many were aware of the hype surrounding the entire bull run, but still chose to blame the market for their losses which is a human thing basically. Majority of the investors basically invest in the hype itself.We need better material(Simple and easy to understand) to help educate investors and help them understand what they are getting into.
I don't think that people really know the right coin to invest. But people only know about bitcoin as the best investment coin so far. But right now, I think people are aware of investing in the altcoin too because they see the chance for an altcoin to increase higher and they are investing in many altcoins.
It is not recommended to follow the hype because that news is not always right and we need to search by ourselves to find the profitable coins.
As long as we can research the right coins that could be one of the profitable coins, we will make a big profit especially when the market is at the bullish market. Yes, right now we still have a chance to buy more than 10 profitable coins but of course, to buy those coins, we need to research and analyze every coin in the market.
It is not recommended to follow the hype because that news is not always right and we need to search by ourselves to find the profitable coins.
As long as we can research the right coins that could be one of the profitable coins, we will make a big profit especially when the market is at the bullish market. Yes, right now we still have a chance to buy more than 10 profitable coins but of course, to buy those coins, we need to research and analyze every coin in the market.
If we are looking at how the hype in December 2017, there are a lot of irrational buyers, meaning they just throw in money in the market without really understanding what they are doing in the first place. And when the market plummets they started to panic and realised that they have done something which they didn't understand.
The hyped in 2017 cause bitcoin and others cryptocurrencies to surged toward the end of the year and complete crashed back to the bottom in December 2018. Did people really know what they are investing in? Is a question that keeps ringing in my mind and actually the answer to that question is that people follow the hype and forgot to checked for reality before investing and this come from the testimony of those that has claim of making big profits or gain from the past surge that came into the cryptocurrencies market.
I think the red flag there is that people think of what they are going to get from their investments into cryptocurrencies more than the capital they have invested and as results when the reality done on them, they began to sell out of panic and in turn the market clash like it happens through 2018.
Now that we have another opportunity to invest because of the down turned, I do believe that it is good you look at the reality behind any coin you want to invest in and not the FUD, manipulations, FOMO and hype behind those coins.
I think the red flag there is that people think of what they are going to get from their investments into cryptocurrencies more than the capital they have invested and as results when the reality done on them, they began to sell out of panic and in turn the market clash like it happens through 2018.
Now that we have another opportunity to invest because of the down turned, I do believe that it is good you look at the reality behind any coin you want to invest in and not the FUD, manipulations, FOMO and hype behind those coins.
The problem with people who are investing out of hype is that, they are not really aware what caused the hype. This is one of the main reason why a lot of people, usually or most of them are new people in cryptocurrency, had lost a lot of money and now blaming cryptocurrency for it. As an investor, it is our responsibility to be updated or at least aware of what we are getting involved to.
The hyped in 2017 cause bitcoin and others cryptocurrencies to surged toward the end of the year and complete crashed back to the bottom in December 2018. Did people really know what they are investing in? Is a question that keeps ringing in my mind and actually the answer to that question is that people follow the hype and forgot to checked for reality before investing and this come from the testimony of those that has claim of making big profits or gain from the past surge that came into the cryptocurrencies market.
I think the red flag there is that people think of what they are going to get from their investments into cryptocurrencies more than the capital they have invested and as results when the reality done on them, they began to sell out of panic and in turn the market clash like it happens through 2018.
Now that we have another opportunity to invest because of the down turned, I do believe that it is good you look at the reality behind any coin you want to invest in and not the FUD, manipulations, FOMO and hype behind those coins.
I think the red flag there is that people think of what they are going to get from their investments into cryptocurrencies more than the capital they have invested and as results when the reality done on them, they began to sell out of panic and in turn the market clash like it happens through 2018.
Now that we have another opportunity to invest because of the down turned, I do believe that it is good you look at the reality behind any coin you want to invest in and not the FUD, manipulations, FOMO and hype behind those coins.
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