Topic: Investing and trading in crypto: can make you or mar you. - page 7. (Read 1101 times)

I see quite a lot of memes popping up about crypto and that's a natural thing because it's just a funny line to make fun of but it's not really big although some are true.
People who invest in crypto without proper knowledge and only based on what people say, whether their close people or what is said in the media, and think of being able to get rich instantly, will experience what is depicted in the memes, but enough is enough mature in plunging into crypto, will see these memes as entertainment even though experiencing bad times but always wise in investing in crypto is the key to success

The main issue is that some people expect a very high return in a short period, and thus, out of greed, they borrow some funds to invest just hoping it will end well in a huge profit, and thus, they invest in some altcoins with the expectation that it will do 10-20x within a short period, and if it fails to rise, they sell the coin at a loss instead of being patient and holding.

Only Bitcoin is completely decentralized, so be cautious because these altcoins have their own team that controls and regulates the coin, which means that the price can also be manipulated.

The main key here is to wait and gain sufficient knowledge about crypto trading before beginning, otherwise it may end in such a case of capital loss due to ignorance.

Buy Bitcoin and Hold to avoid losing too much money in the future.

They have a quick rich mindset that can lead them to make bad decision and incur losses, the problem is not the crypto but their mindset before they put their money. Majority of them are just focusing on  how much rewards that they can get and not how much money they can lose. In the end, it is now too late because they already lose so much money. Investing in crypto can really make us rich but it is not enough because there are things that you should also have focus on like what type of strategy that you will use when you already made your 1st investment? when you will place your cut loss,? what is your bias? where did you get your conviction to make an investment?

These are just examples of things that you should consider, you cannot become rich by just investing your money and holding some coins. If it is the key then everybody should be rich but it is not the case. Majority are losers because they ignore important things especially the organized planning. Instead of thinking how can they protect their hard earn money, they immediately thinking how can they double their money in short period of time and that kind of idea is very dangerous because you will get pressure to make money and you will create decisions that can lead you to major mistakes.

To put it bluntly, bitcoin or crypto is also a financial market and already a financial market, there will be winners and losers, money from weak hands to strong hands, and there will be no way that everyone will win when investing in crypto. I see many people don't understand this problem when I see the topics bitcoin can alleviate poverty, bitcoin can make the national economy go up...They need to understand that when they sell bitcoin and make a profit, someone else will lose. The market does not print money and distributes it freely to everyone. The marketplace is a battlefield, in order to make a profit, we need to beat others.

Supposedly in investing in crypto, we can get huge profits after holding it for some time. But the problem is that people don't analyze when they can start investing and buy it immediately even though the price is still at its peak. They were not ready to see the price drop drastically and panicked and immediately sold it. They don't think of keeping it on hold until their target is achieved in a few years. They think their bitcoins will continue to decline and not rise again, so they want to save the money they used to buy bitcoins. But that makes them lose money and they can't have bitcoin anymore because they have sold it. And when the price bounces even higher than what they bought yesterday, they regret it and can't sell their bitcoins because they already sold them.

Cryptocurrency investing and trading can both make you and ruin you. Cryptocurrencies are high-risk assets and their prices can fluctuate greatly in a short time. At the same time, they can bring high returns if you properly assess the risks and make sound investment decisions.
If you decide to invest in cryptocurrencies, it is important to do your research and understand how it works. You must understand that cryptocurrencies are decentralized and do not have any central regulation. This means that prices can fluctuate based on various factors such as news, legal changes, technical issues, etc.
It should also be taken into account that cryptocurrency trading is a speculative activity, and can be dangerous for beginners. If you do not have sufficient experience and do not understand the risks associated with cryptocurrencies, you may lose your investment.

If you don't have any basic knowledge about trading, then don't try it. Good traders must understand the basic knowledge of trading, otherwise they will just trade like gambling. Do not understand anything but still do it by capitalizing on confidence and hoping for immediate profit.
Basic understanding of crypto investment is needed, it is not a game because money is at stake. crypto is a big lie for those who don't understand, but for us crypto is a place to get profits quite easily and can be done anywhere.

Meme coins are only temporary but it will go crazy if disposal occurs and people only know from social media that is currently hype not from knowledge or analysis, look now there are many meme coins that appear but so do they confidently buy because they see something that is trending moreover they expect Elon Musk to retweet it, but I would not really believe it even if Elon Musk often discusses meme coins for example, and this madness will really end tragically if investing or trading in meme coins.

I think getting rich quick is very unrealistic, there will be a lot of suspicion of momentary riches and losses will destroy the mentality with its psychology, remember that bitcoin is the safest place to invest at this time.

Those who have profited from cryptocurrency understand firsthand the challenges of holding, trading, and researching promising coins, no matter the fun they make of crypto, the positive aspects of crypto cannot be overshadowed because since Bitcoin's public launch and altcoins, it has created numerous millionaires within both short and long timeframes.

Are there any businesses in this world that are completely risk free? There is none, even the traditional businesses people have experienced complete failure despite earnest efforts and crypto is no exception, but it differs in approach, only those who have quick mindset of making quick money have failed that is why they will post anything to downgrade crypto but they will never succeed.

That depends on the person's mindset or belief in crypto investing. Because if it's true that you can't make a lot of money here, I hope no one tries to trade and no big companies will invest here and even well-known people in the business world and popular celebrities will not waste time investing here if they know they said that they won't get anything. Do you get what I mean? Maybe the people who fail here may be that the coins they chose were just hyped and they didn't really know that's why it happened.

Of course, there are such things like wrong coin and timing. But I don't really see the problem with a long-time holding. After all, even if the price drops after you purchased a coin, it is very likely that the price will recover and rise in the future (if we are talking about reliable assets).

It seems to me that as long as the loss is not realized, as long as you still remain in the asset and do not sell it at a low price for you, then you do not lose your positions. And it is unlikely that in this case you turn from a billionaire into a millionaire. The only problem is time, how much you can afford. But this factor should be taken into account one of the first and you just do not enter into a position if time is limited, and you are not sure about the direction of the market movement during this period.

Sometimes, mindset really plays a big role not only in investing into crypto, but into investing in general.
If you think that cryptocurrency will make you rich overnight, or you think that crypto will make you a millionaire in just a week then I guess there's something wrong with how you think about crypto.

Sometimes, these kind of thinking leads to some forced or irrational decisions, and they're just jumping into what's the trend. They don't know the risks of investing into crypto. That meme is just a meme, but if you have been an investor for quite some time, you will agree that there are many investors who might've sold some of their properties or the valuable things that they have just to have money to invest into crypto

It's only funny for those people who don't have any experience in investing into crypto. It's funny for those who don't know what happened to some of the investors out there who lost their money. It's funny for those people who are too ignorant to accept the truth that crypto isn't for everyone. I still believe that the mindset plays a big role when it comes to investing.

This images explained it all, like what I saw is that when the opportunity is there you should utilize it at the right and not to focused much on altcoin and its profits. You know some of these people calling crypto scam are yet to understand the core values of cryptocurrency because they See's it as something worth investing on. If we could focus on the purpose of bitcoin without thinking of investment there's no way it could be labeled scammed or biggest lie.

Reading the charts and then investing according to price changes yields the maximum benefits. I think the reason these memes have become popular is because most people consider crypto a joke and not something serious. On the other hand this meme-culture was not prevalent during the days when stocks were the main speculative market. Although Economy related newspapers did put up Dilbert and other comic strips for a rib-tickle.

Invest in those coins that you have a good historical knowledge of and know that they are not going to go bankrupt tomorrow. If you invest in the shitcoins coming up everyday then these memes predicting "crypto is a lie" comes out as reality. Same could be said for many stocks but lets not talk about that.

I can only imagine that the next stage would be regret and acceptance afterwards. Although to be fair, we gotta admit that we still have that emotions when we invest and every bear trap is like a sudden surge of panic for us. I've been there so I can really feel those people that kinda reacts to it quite quickly. It's just that they're not realizing that it's all just part of crypto or even the market as a whole.

I mean you can even tell that 100% of people in Facebook are crypto experts. /s

Sarcasm aside, these are just memes and not really what you should take literally. I ain't even fighting these trolls in Facebook or even Twitter sometimes since they do not have a single idea what they're talking about anyway. If it affects or triggers people that much, I suggest that they should unfollow every crypto pages in their social media accounts.

Only invest spare money which are the rules of investing in cryptocurrency but many people ignore this rules and do as they like. They borrow money and some sell all their property to invest in cryptocurrency because they heard others did the same and were successful. If you invested only your spare money, you can't be the guys in the meme as you'll have other things to help you if the investment failed.

We also have those investing in anything they see without understanding the difference between investing on Bitcoin and investing in all those altcoins. When you buy Bitcoin, you're securing your future but with shitcoins like memecoins you're putting your capital at risk as they can all crash to zero.

Those trolls are everywhere let them make funny memes for crypto investors. I think the person who created the meme has shown his situation after the unsuccessful investment. That's what a loser is expected to do because such people are unaware of the rules of trading and investment. They put their money into assets without gaining essential knowledge about the assets and put their money into it blindly.

The meme creator has just created the inverse of what investors can achieve with crypto investing and trading. The can fortunately move from bicycle and bus to their own cars if they do everything with proper planning. Now not every trader is going to earn as there will always be the ones who will lose. But, if someone knows the basic concepts of trading and investing then he/she will not face huge losses even if market goes against his/her predictions.

Therefore, I always recommend people to learn the basics of trading, by developing their own working strategy with technical indicators and one should learn to read the trading charts, and he/she should have a proper working plan. That will definitely make the investors prosperous as it's a fact that those who do investing with proper plans and have control over their emotions are always the winners in the game of investing and trading.

What do you expect from people who seriously invest in Memes coins, or because someone like Elon Musk tweeted about it, or because of recommendations on social media, not to mention the madness of NFT and other recent events in the market, which indicate that many are investing with zero knowledge or even desire in learning. Most of the projects are paying more on marketing campaigns and high APY than on technical development, which makes them a big pump for hot money that quickly ends with losing wealth.

If you stay away from fast rich feelings and invest for a long time, you will notice a big change in your life. IM TALKING ABOUT BITCOIN HERE.

I don't take those memes seriously but they're actually funny because it happens in real life for most people. That's what happens when you're not prepared or not knowledgeable about the investment that you're taking in. And while there will always be those negative comments and thoughts from people that we don't know, don't take them as well seriously because they don't own any coin. They're just there to trigger anyone's emotion specifically us who are crypto and bitcoin investors. Just ignore them or if you want to answer them, you better not trigger your emotions or those people that are trying to flame you will be happy as they've already won the argument by flaming you.

The game had two sides,one is win by your own experience.Second one by the loss with out the less experience.Learning is essentially important one in the trading and it can’t be achieved without any good knowledge.The strategy of bitcoin is different and strategic movements of altcoin is different.If you have used same strategies for bitcoin and altcoin,surely it will affect your trading profits.My friends had brought brand new expensive car from the normal car by doing the crypto trading for some couple of years.So it’s good time for learning the trading and earn some good money from it.Don’t waste your time with the laziness.