Topic: Investing and trading in crypto: can make you or mar you. - page 5. (Read 1052 times)

It makes me laugh just based on the photo and not reading comments. If we just make fun of it, it is really funny, but if we do go deep, there are really instances where that is true, but the way the people comment is kind of mean; it is like they are on the tip of the iceberg. It is like they thought bitcoin or crypto was about ponzi schemes and scams, and they always conclude that it is a scam as they can't make a profit on it. That is really the problem with some people; they judge the book by its cover without reading the content.

Funny memes, had a good laugh even though I don't find them really accurate. The main recommendation I can give any new person that would like to start with crypto currencies is to focus on well established coins like Bitcoins or Ethereum. The chance of losing money in high risk alt coins is much higher than when buying the top crypto currencies out there. When buying Bitcoin there is no real risk of losing our money long term, because we can always sit out a short term price drop and wait for the price to recover. If you don't invest your money you will lose all it's value over time to inflation, we can't leave our money as cash in our bank account forever. Investing in crypto currencies is a great alternative to all the traditional asset classes. Which doesn’t mean that we should put all our money into cryptos. The best thing we can do is owning a well diversified portfolio that holds a lot of different positions, so whenever there is a crisis we will have some assets that perform poorly and others that perform strongly. As with any other financial asset, it is best to prepare ourseves that we won’t be getting rich overnight, it involves a lot of work and dedication.

Memes can't get big growth on their own, it needs people with money for manipulation, as happened with Musk, or the recent story with Pepe. But I see no reason to buy meme coins with the hope that someday one of them will be able to grow in the same way.

Those who miss good investments, or cannot get a positive result from investments in any way, will always be dissatisfied, and not everyone is able to admit their mistakes, to admit that the problem is in them, and not in cryptocurrency. In trading, this all comes even more difficult, because it doesn't take long to understand whether you are a successful trader or not, everything will be clear relatively quickly.

true, many people join the crypto world because their ambitions are too big, and their excessive belief will get rich easily, until finally without thinking about investing without knowledge. what happens next is exactly the same as the meme above. but in fact there are also many people who suddenly become rich because of luck, and because they are indeed smart investors. so it's no wonder that many people say that the market is cruel, because if it moves wildly, then we will get stories of people who have the opposite results.

To be honest, this really happens. This meme may really happen to many people. But the problem is not on the cryptocurrency, but on the peiple itself, because they may nkt really understand abiut cryptocurrency but they are investing too much without good mamagement and knowledge, and they lost highly.

But if we are ready enoguh and have good at it, it can be vice versa. Many people arw alaos rising up because kf cryptocurrency, like from zero to better numbers, tbough not to hero, but the life is muxh  etter because of cryptocurrency. And I am experienicng itself.

So, juat choose what you want to experience.

That's the reality that they want to believe in, to become rich in bitcoin. That should have been thought by them knowing that there have been a lot of people became rich by just investing in Bitcoin.

That won't change, there will always be those people that shall be obsessed to shitcoins and meme coins because they've been like one time big time with it.

Methods or ways are something that could be freely share if you wanted to as a trader because we know that there's no such thing about holy grail or some sort of strategy that brings out sure profits.
You might be profitable as of this moment but doesnt mean that it would be lasting forever. This is why some wont really be bothering on sharing up ideas but there are some who dont really have the time in doing so
and just remain silent or doesnt really share up at all but its not really that bad to look up with others analysis on which it would really be adding up into your overall idea and knowledge which
would really be that something that helpful on upcoming months or years to come on your trading career.

Just dont make yourself been thinking or rushing on becoming rich because if you do have this kind of mindset then it would really be just making you desperate or would really be lost
track considering that you would be rushing things up a bit because you want for it to happen and we know that it isnt something that recommendable to do so.

It's because they have been given the wrong idea about Bitcoin. They've been led to believe they must become rich from investing in it. This is mostly done by scam trades that just want people to give them money to invest. Most of these people where told of crypto as an investment platform. Most of them just put their money into without knowing what it really means, some just give money to the people that convince them to help them trade.
Then there are the ones that are obsessed with shit coins. They do not mind going into any project that is making waves. 

The more you think about it the less it makes sense, after all why a trader which is making use of a strategy that took him months or even years to develop is going to share that information for free?

Now some may argue they want to give something back to the community or another dumb excuse like that, and maybe this excuse could be acceptable if we were talking about any other profession, but traders by definition have to be greedy and accept the fact the extra money they get on their accounts comes from the pockets of other traders, and in that case do I really believe someone with that kind personality is willing to share everything they know for no financial gain? I simply do not buy it.

Memes may be done through funny ways but they’re actually telling the realities not just in crypto but in all life’s aspects, and it’s up to you how you will absorb their meanings and apply it in yourself. However, the only reason I see why people say negative things about bitcoin or crypto because they don’t know it well in the first place. And they’re afraid when other people succeeded on that while they are left empty living. That’s why if you fall believing in them, it’s like you proved to them that they are right and crypto is nothing but a ridiculous investment.

I am not criticizing or even saying that there are absolutely no traders making profit in their trade, because there are some traders who are making profit in their trade quite alot, but those traders who are making a lot of earnings from their trades are absolutely using their free periods to live a lauxry and having zero time to do video tutorials (it's just my assumption), while they might still even have friends who they may be putting through trading classes.

Some traders are also trading and making profits gradually, maybe earning up to $200 or $400 per month from their trades. If we still have people like that, they will not have the time to come online and begin to make videos while they are still looking forward to making more profit from their trades. I have been in that situation, I was doing sport trading, around 2021, and to be honest, some days, I don't even make up to $10 per day, it either $4, $5, $8 respectively and someday I end with loss which I will have to wait and wait until the price of the coin pumps up a bit, before I can sell and take little profit, I was moving from CMC to CG, to telegram group of projects, to their Twitter page, gathering information about tokens and coin, checking the level of their volatility, when to buy and when to sell, then I really had a lot of experience and I was only earning little from trading, not as if I never gave time to it, I did but upon that, I can not say I had a free period to do video tutorial. 

With all that, I cannot say that trading is stress-free. Good luck to whomever is going to buy  trading strategy, thinking is very easy to just use it and begin to make profit. Although if they apply those strategy wisely, they will not have a big loss.

Or one more question, if he really can make money on trading and he is good at it, then why should he do it at all, if he can earn as much money as he wants, and the rest of the time he can lives in pleasure and relax? The answer seems obvious to me, these traders can't make money trading, and maybe even lose more than they earn, and their lessons are just a way to earn something.

Everyone should understand that the cryptocurrency market is a very risky market. Here, along with profit, the risk of loss is always present.Without experience and knowledge you will be at a disadvantage whichever platform you go for, even if your choice is great.

Risks of loss are always high in meme coins.The most trusted and top coins in the market have very less risk of loss than meme coins.If you choose the top coins in the market and your entry timing is right, you will have minimal risk of loss.Even if you take bitcoin at the wrong time, you will lose.Those who entered Bitcoin at $60k will now lose if they sell Bitcoin at the current price.

This does not necessarily mean that Bitcoin is a risky cryptocurrency, but the timing of the buyers is wrong.

You can lose even if you invest in pretty reliable assets. It is based not on asset only, but on your investing skills as well. Buying on the top and panic sales, we all know that there are many who do strange and silly things at the market. And they lose investing both in hyped projects and even in bitcoin. There are so many options to lose at the market! And the one should know and understand so much not to lose, that it's not so trivial as it may seem.

In everything we venture into in this life, comfort is determined by the level of knowledge we have gathered about that thing before we go through it. Otherwise, it will create discomfort for us, and it will look more stressful than normal for us. Having good knowledge about something before taking it up will determine how we react to it. Why I am saying this is because there are a lot of people who have given up on trading; some have also given up on crypto investment or Bitcoin investment. Example: A newbie bought Bitcoin at $50k, hoping it would get to $100k so he or she could make some profit, but instead, they did not see $100k since 2021 until last, and they got forced to sell at $30k in 2022 and had to lose $20k. This was a bad experience, and at such a point, they had to leave any crypto investment for good.
So, before anyone goes into crypto investment, let them gather enough knowledge about it.


Just as Don has said, I agree with him, and I wish to also say that even some traders make more earnings on their YouTube channel than they earn trading crypto. Some trading video tutorials are just visual trading, and some are done with a demo account. In the past, when I watched some trading tutorial videos on YouTube, those teachers did not show me a trade with their main account (a real account), but they have a lot of subscribers and likes on their channel and videos, so they are definitely monetizing their channel and may even be making more money than they made with trading. Wait a second. Come to think of it, when one is really trading and making enough profit, can they have time to come online and begin to make video tutorials? I am not saying it doesn't totally exist, but it's absolutely minimal. But just use the search word "how to trade" on YouTube, and you will see a lot of random videos.

This possibly happens to those who invest in memes and hyped coins...
It is just about to realize that investing in crypto doesn't give us assurance that our money will be back into our pocket or multiply. I can really imagine those people who sell their assets (house and lot) for the sake of investing in crypto, we'd never know what is their situation now.

A reason why it was not advisable to put everything and focus on crypto investment alone as it was the best strategy to have a reliable investment and less risk.

I guess many don't understand not only how to invest in bitcoin correctly, but how invest in general. Crypto usually is a part of their problems. And unfortunately we can't solve this problem for each and other. We can warn, we can share knowledge, we can give advice, but anyway there will be those ones who will lose at a market. We IMO still should share what information we can to help those ones who will get benefits from our help, but we shouldn't worry too much that it won't work for everyone.

And if you know how people feel when they see your success by taking that risk, there's a bad feeling there. lol

So it will still be a difficult decision to discourage people from investing while you're doing it yourself. As long as no one knows who luck will side with next, I won't be too hard on limiting people's curiosity. I mean, don't use the word inhibit a lot, just be more clear about the risks.

Completely agree with the op, indeed, crypto can make or break anybody financially, and the reason being that many and are jumping into crypto with the wrong mindset and expectations, expectations in the sense that many new crypto investors come in with the mindset of getting rich over night, like the several stories they heard of people who become millionaires after investing and holding crypto for a short time, they forget that as this good news flies around, so also there are bad news of people who lost money, which is not circulated in other not to cause panic..

Investing in crypto requires doing so with a right mindset, knowing that crypto is not a get rich quick scheme, and that different coins have different level of risks of loosing money attached to them, bitcoin has the lowest risk of losing money, but then also, chances of becoming a millionaire through bitcoin is very slim.
Meme coins, have the highest risk of loosing your money, but then, you have a better chance of becoming a millionaire if you are lucky to find and invest in the right one at its very early stage.

The people that doubt bitcoins and it's potential in making their life better are people that have a wrong understanding of what investing in bitcoins means. Some of them think that just buying bitcoins one time and keeping it is enough to make them rich when the value increases. Some of them do not even know that they are at a 50/50 chance to make profit or loose their money, some have no idea about risk management so when things go bad, they really go bad. These people rarely really profit from bitcoins because of what they know that is very limited. Making profit from bitcoins can be done by smart investment decisions bcaked by knowledge and some experience, or trading where good skill is essential.