Topic: Investing and trading in crypto: can make you or mar you. - page 6. (Read 1101 times)

What is the meme's maker trying to make clear about cryptocurrency? Is he trying to convince people that cryptocurrency can only help people go from being rich to being poor? It cannot make one rich; it can only make one poor.

If crypto will only make someone poorer, as this meme's creator claims, why do millions of people continue to invest in it? Does this imply that they cherished their plight? This is my question to individuals who share this viewpoint.

When someone who doesn't understand the fundamentals of crypto spreads untrue information about how it can lead to financial ruin, they fail to mention the many factors that can contribute to this, such as engaging in trading without knowledge of it, buying altcoins without doing much research, and investing only with money you can't afford to lose.

I saw this picture and ever watch a kind of short video about before and after investing im crypto.

shortly, this picture may be true, being poor after investing in crypto.
but actually it can also be the opposite. From poor to be rich enough because investing in crypto.

the difference will lay on how we are investing in crypto, how good our understanding and stratehy, incluing how appropriate our management controls.
investing in crypto can be very risky because it is exactly risky, moreover without enoguh knowledge, considerations, analysis, and strategy.
but on the other hand, crypto can be promising and worthy if we really know the ways to earn money wisely and smartly within good understanding, analysis, strategy, and activities.

so, the result will depend on yourself, which one will you choose?   

Well, these kind of meme are actually true because crypto investment or dealing up with it, isnt something that could give out assurance that you would really be making yourself rich but rather the opposite.

It does really always depend on how you would gonna handle up yourself and make out some good decision or being wise on your crypto investment + a little bit mix of luck because we know that no matter how good you are on making some analysis but if luck isnt on your side then you would definitely be losing money which it would really be that still significant but somewhat you cant really just rely on it because this isnt
gambling after all.

Everytime i do see those memes,then it is really giving out that smile because you could really eventually relate that those things are really that true and do really happens
on this crypto market. This is why you should really be that sensible on whatever actions you would really be making.

I prefer someone with positive thoughts about bitcoin for the future than concerned with other coins by wanting a quick increase but always not thinking about the risks of what will happen later, but this is clearly different from bitcoin which always repeats history every cycle and that becomes our benchmark believe in bitcoin as a long term investment then I will maintain it for a long time.

Those who still doubt bitcoin means he doesn't know the history that he always makes, if there is someone who still doesn't believe in bitcoin then he doesn't understand how bitcoin works and only hears what other people say about the bad things.

Of course, but only if you are too comfortable playing on the edge of the abyss that are then called altcoins.
There are tons of shitcoin that will end up just draining your investment budget after getting the initial hype from their initial team or investors. You should stay away from such investments because when those altcoin crash, don't expect them to pick up and recover your losses.

Do you remember that altcoin that was minted during the hype of an ICO, IEO, STO or something like that? Watch how many of them still survive and benefit their investors, so I hope that serves as a good reason to stay away from them.

Switch your mindset to bitcoin, buy it and hold it long term and I think it will help you get worth return with the risk you take. But remember, this is not financial advice that you are obliged to trust, so it all depends only on you.

Crypto market can make you poor and rich at anytime because it’s like totally a game. Did you share how much negative you got from crypto? Personally i have been taken lot of bad reason from crypto investing which is loss my money. If i will lost lot of money fro invest then i Couldn't recovery very soon.

The post is a kind of a meme because there is a picture on it with some captions but it does not literally mean about meme coins. Those who invest on meme coins, NFT and other hypes are mostly newbies who don't do their research but there might be some experienced people too. They ride it because they know they can benefit with it.

People behind those projects can pay more in marketing but I think this is risky because what if they can't successfully attract the people to invest on them? We think shitcoin creators are only just money grabbers but we didn't realize that they take big risks too. High APY are just part of the marketing but they are mostly fake.

This fake economy has been around for so long that it seems the new generations are forgetting how true value looks like, in this age in which likes are almost like a currency the new generations consider meme coins as a valid way to make money.

After all if something is popular then it should have some value right? But what they are forgetting is that while this can increase the price of an asset really quickly, this will create a bubble in that asset, and like any bubble it will eventually burst and the value of the asset will go back to its intrinsic value, which in the case of meme coins is zero.

Keep your positive thinking about bitcoin, ignore its price volatility and stick with your best plan in the long term. Those are some pieces of advice that have been suggested by experienced investors I have met although they have not been as successful as some of the people on this forum.

I believe some users may doubt the potential of bitcoin, but we should not doubt about it because experience and history is the best support to keep bitcoin.

I am 100% sure that these meme creators are these GenZ kids, who don’t know what Bitcoins are capable of. They just invest to make quick cash, and if it doesn’t come out to be as expected, then they just mock it and make fun of it. We should never lose focus and never forget that Bitcoins are limited in number, hence very rare, so once the accumulation demand increases among the people, the price will break ATHs and you will get tons of profits. So just hold and wait for long term.

Dummy trading is what I suggest to immediate newbies. That helps them learn without losing money if done honestly and meticulously.

Of course crypto gives its owners the opportunity to earn big. This only differs on how the people seize the opportunities and not lament about losses or missed stuff. Attempt to seize the price now and buy will eventually lead to a bigger price to sell in future but dont cry over the price when you chose not to buy and missed the selling opportunity at the next all-time-high. Celebs only come here to pump their bags, they have literally zero care for any project.

There's lots of money to be made in the cryptocurency market but don't just think that's the reason you're seeing the celebrities coming into the market. They're here because of endorsement deals and that's how they make their money. Only a few invest and they don't buy from the market as everyone else, this celebrities get special privilege like buying before pre-sale.

People fail for so many reasons, it could be that they were mislead by the celebrities, example when they were promoting NFT that has no value at the moment. This is why we're advise not to follow celebrities as they don't have any idea but just promoting the business they got hired to promote.

If they don't immediately change their mindset, they will never be able to benefit from their investment. Instead, they will suffer losses because they only want profits as soon as possible. They must know that investing in bitcoin requires a long time and must have strong hands to hold it for a certain period of time. Everything would yield good results if they had the patience to bide their time.

They can be said to be lucky because they have a lot of potential coins that can be their investment. But the problem is that they can't find the coins and rely on other people's advice which doesn't guarantee them big profits. And they shouldn't even think about getting rich quickly, even though it might happen at the right time and place. But investing does take time so they have to be more patient.

Using social media will bring more unnecessary news, lies that affect your thinking, psychology and you will more likely make bad decisions which are more keen on your temporary emotion. It is bad because bad decisions will not give you happy result so why don't listen to the advice "Prevention is better than cure"?

Prevent it to happen proactively by stop using social media. Focus on learning technical things but basics like how to save your money by using good transaction fee (fee rate for Bitcoin, address types, gas for other blockchains). I don't think those basics are too difficult to learn but they are very helpful practically.

Reading news, using social media and put our brain into uncertain status then struggle to control our emotion. By good prevention, we will not have to struggle with emotion, psychology.

Social media is full of lies.
This is very normal to see on social media because social media are more open, you will encounter a lot of people with different visions or opinions especially when it comes to cryptocurrency, which a lot of people don't know what will happen in the future of cryptocurrency. The only wrong here is that guy is likely telling that it's already finished or telling without any proof or basis.

You likely may not be far from the truth as people are quick at throwing tantrums and castigating something that didn't work out for them even though it's working out well for most others. They fail to embrace their fault in their failure and instead of working out ways to learn from their failures they rather focusing their energy  on a condemnation campaign. But they forget it just won't change a thing as bitcoin keep covering more gaps.

Especially those people who just invested in crypto just for the hype, it will not bring them any good things because they will not understand when the market makes a sudden dip again, some other people still do some DCA even though the token or coin they are holding on is no longer sustainable. We should all know that before entering this volatile market we should be prepared.

Here is my Version of the meme.

HAHA, as you have already mentioned the reason of people who failed to earn in crypto due to lack of knowledge and then they don't even hesitate to say such aforementioned comments such as "Crypto is all lie" etc. etc. or i should say blah blah blah. (haha).   

Well if we interpret my pictorial representation of people who start with knowledge and people who start without knowledge. Then this meme makes more sense. The point is, "Knowledge is power" which wise ones used to say,  because those who have known the potential of crypto and how things move around, will rule in future because they have knowledge of future product that will be in demand and people (fool ones) will wait in lines while the wise ones has already got their hands on it. This emphasize the big truth of knowledge.

In short, we have to get knowledge before starting any business, it's not only applicable to BTC because if you start any business with out proper knowledge or without following any mentor, you will end-up as the bodybuilder end up from car to bus.

The surprising thing is, many of my friends who have no link to crypto like they don't even have a slight info about crypto, are uploading this meme on there statuses. (hahaha) and i was like what. Well, all i can do is ignore them because knowledge is power and not everyone can digest it.

Someone who doesn't understand the market and doesn't even have any knowledge or experience with cryptocurrencies, in general, should not get involved before learning everything. It is clearly going to cost them financial losses if they start trading cryptocurrencies but don't even know how things work around and how they should even manage their trades and the risks involved with them.

Trading and investments only make someone's life better if they have learned everything properly and they understand what they are doing and getting into, otherwise, they are probably going to lose most of their capital.

Yeah, unless you really follow a lot of crypto influencers, it ain't just worth it. Sure, everyone wants to earn overnight but they won't just realize the losses they encounter since there are waaay more promising coins in the market than just these meme ones. If there were such thing as getting rich quick kind of thing, why haven't people just did that instead and why aren't there surge of wealth in the economy?

Regarding Elon Musk stuffs, I don't care if the guy discusses or tweets again about Bitcoin. I can recall the annoyance of that name here in the forum back in 2021.