Never invest in any cryptocurrencies! - page 10.

cristiano77

newbie

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Quote from: bangkecol on August 05, 2020, 07:19:19 AM

I agree with you...don't hope to be rich quickly or in the one day from Cryptocurrency . Cryptocurrency is good for the secondary income beside the main salary. Then, we must be carefully for the Ponzi scheme or other scam program.

Cryptocurrency is not a tool that can create wealth overnight and it takes time for a project to produce products that are used by people. Investing, whatever its form, either stocks or gold, it takes time for our investment to grow as well as crypto, it takes time for investors to believe that cryptocurrency is a real market

the crypto market is the same as the real-world, some ways of investing can make you rich fast if you are lucky, and by lucky here you need to be soooooo lucky, to choose the right investment at the right time, the right project/crypto/startup.

this is not a simple way, if you work on doing this on purpose, to not rely just on your luck, then you will be working so hard on studying the market then checking new projects checking how credible it is while we see a lot of new fake ones. nothing is free you need to earn this.

even if you get so lucky and get rich quickly if you don't accept that it was just luck and start to work on improving your approach you will end up in debt.

unusualfacts30

hero member

Activity: 1540

Merit: 500

Quote from: mintme.com on July 21, 2020, 11:23:00 AM

I think most people approach crypto in the wrong way. With "get rich quick" approach.

If you come to crypto with such an attitude, you should never ever invest.

On the other hand, if you actually had to earn it while doing whatever you are usually doing anyway, that involves money?

Examples:
You get crypto as a token of gratitude after making donation to some project. (crowdfunding)
or
You are paid crypto as a bonus to your salary.
or
... (any other examples come to your mind?)

Wouldn't the whole cryptoworld be way more healthy? What do you think about it?

Everyone has different approach when it comes to crypto. There are services that allows you to get paid in crypto but I see your point and why people choosing crypto more carefully will help it in the long term. Things are beginning to shift from what it was years ago when people saw crypto as only investment or a way to get rich quick.

TIDOVEE

sr. member

Activity: 1246

Merit: 255

It's like everyone treat crypto the way they see it, bull run is approaching, those who see it as get rich quick scheme are already gathering their money to invest, and do you think that is an issue, in as much as in one way or the other they are also promoting crypto and they are making their currency, it doesnt affect those doing campaign. The issue is that fraudulence Should be avoided. I believe we shall all be introduced into it in different ways.

disconnectme

hero member

Activity: 1876

Merit: 512

This your approach will never work for most people, because not everyone can code or offer services that would pay in Crypto. If no one invest in Crypto how do you expect it to have value, it is just like saying people should not invest in Gold because you can offer services and be paid in Gold coin

bangkecol

sr. member

Activity: 784

Merit: 314

I agree with you...don't hope to be rich quickly or in the one day from Cryptocurrency . Cryptocurrency is good for the secondary income beside the main salary. Then, we must be carefully for the Ponzi scheme or other scam program.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: robattfield on August 05, 2020, 05:14:57 AM

Quote from: Greatdev on August 03, 2020, 01:17:32 AM

You can't end up with good results in crypto space if you don't learn first, without learning how will you know what you investing on? Many still repeat this same mistake over and over today, they never know that many scam tricks are available

That's right, they invest without learning about it. I see a lot of cases like that, fomo others and invest in ponzi projects. Eventually the project collapsed and all lost money, then they said that this market was scam. Clearly all decisions depend on them

It is the reason why newbies or beginners are too easy to get tricked by scammers because they don't try to do some research or ask people that they know who has an experience or knows about cryptocurrencies. Learning more about cryptocurrency is an advantage because it will be easy for you to avoid getting scam and hacked, and you have a chance to be successful with cryptocurrency.

havoc928

full member

Activity: 379

Merit: 100

Decentralized Ascending Auctions on Blockchain

Quote from: robattfield on August 05, 2020, 05:14:57 AM

Quote from: Greatdev on August 03, 2020, 01:17:32 AM

You can't end up with good results in crypto space if you don't learn first, without learning how will you know what you investing on? Many still repeat this same mistake over and over today, they never know that many scam tricks are available

That's right, they invest without learning about it. I see a lot of cases like that, fomo others and invest in ponzi projects. Eventually the project collapsed and all lost money, then they said that this market was scam. Clearly all decisions depend on them

Sooooo true! First of all, people have to learn proper knowledge and skills as well as experiences to have the fundamental understanding about the market. How can you put your money into something that you don't understand? Investing in any business requires investors to have proper knowledge about that field. Investing without knowledge is nothing more than gambling, therefore, it always leads to the losses that nobody wants!

robattfield

full member

Activity: 783

Merit: 108

Quote from: Greatdev on August 03, 2020, 01:17:32 AM

You can't end up with good results in crypto space if you don't learn first, without learning how will you know what you investing on? Many still repeat this same mistake over and over today, they never know that many scam tricks are available

That's right, they invest without learning about it. I see a lot of cases like that, fomo others and invest in ponzi projects. Eventually the project collapsed and all lost money, then they said that this market was scam. Clearly all decisions depend on them

tiktokcoin

newbie

Activity: 17

Merit: 0

Quote from: havoc928 on August 03, 2020, 01:22:17 AM

Quote from: Greatdev on August 03, 2020, 01:17:32 AM

You can't end up with good results in crypto space if you don't learn first, without learning how will you know what you investing on? Many still repeat this same mistake over and over today, they never know that many scam tricks are available

That's so true! The reason why a lot of people failed to be successful in this market is because they don't learn first before joining in. I have seen a lot of people who think the cryptocurrency market is a market that they can easily earn profits without having any knowledge or analyzing skills, and obviously they failed. Many people are desperated about this market because they lost their money, but the real reason is all about themselves!

usually it is a common rule, between almost all fields, if you learn more about a topic before investing/working in you will be saving time and money paying some effort and less time.

people look for getting rich fast assuming they might be from the 0.000000001% who can succeed with luck with no experience and sometimes not enough money :') dopamine effects I guess.

GarenCoiner

newbie

Activity: 21

Merit: 1

Quote from: OptimusPrime_3 on August 03, 2020, 02:28:01 AM

When people just start topics like this with no basis or reason, I just dont get it.
NEVER INVEST IN CRYPTO
Then you start telling us the only way you think people should join crypto by earning.
Firstly, you cannot take away the word INVEST from crypto, it's like bread and butter. And if you have any otherwise(es) its should be clearly/factly stated

mostly people like to get attention, you can't deny that, why we comment while mostly someone else said the same opinion.
we all like to share our opinions with everyone in his own way. and also we like to invest in crypto everyone in his own way Wink

OptimusPrime_3

jr. member

Activity: 308

Merit: 1

When people just start topics like this with no basis or reason, I just dont get it.
NEVER INVEST IN CRYPTO
Then you start telling us the only way you think people should join crypto by earning.
Firstly, you cannot take away the word INVEST from crypto, it's like bread and butter. And if you have any otherwise(es) its should be clearly/factly stated

havoc928

full member

Activity: 379

Merit: 100

Decentralized Ascending Auctions on Blockchain

Quote from: Greatdev on August 03, 2020, 01:17:32 AM

You can't end up with good results in crypto space if you don't learn first, without learning how will you know what you investing on? Many still repeat this same mistake over and over today, they never know that many scam tricks are available

That's so true! The reason why a lot of people failed to be successful in this market is because they don't learn first before joining in. I have seen a lot of people who think the cryptocurrency market is a market that they can easily earn profits without having any knowledge or analyzing skills, and obviously they failed. Many people are desperated about this market because they lost their money, but the real reason is all about themselves!

Greatdev

member

Activity: 266

Merit: 16

Sovryn - Brings DeFi to Bitcoin

You can't end up with good results in crypto space if you don't learn first, without learning how will you know what you investing on? Many still repeat this same mistake over and over today, they never know that many scam tricks are available

GarenCoiner

newbie

Activity: 21

Merit: 1

Quote from: ?? on ??

The "get rich quick" attitude makes the market competitive and pushing projects to compete agaist each other. This make the market more healthy. No good wills are going to do that, only people seaching for promising projects help define the market.

partially right, but it is also the reason for making the market unstable, making most of the new small investors dive blindly causing chaos.
making the market less stable and less reasonable and responding very randomly to each kind of outer events.

alisonwonder

sr. member

Activity: 882

Merit: 251

Quote from: Vishnu.Reang on August 02, 2020, 08:34:40 AM

Quote from: ?? on ??

Those people expect an instant money to earn in crypto. They don't understand what's all about in crypto when they taught once investment made they can earn instant money. A big lose to those who have lack of knowledge so it is good to search prior investing in crypto.

Take a look at the new users who are registering to this forum. 99% of them would be money-minded. They don't want to work hard, but they expect to become millionaires in a day or two. They always dream about a repeat of what we had in 2012-2017, when the Bitcoin prices went from $10 to $20,000. And these people get disheartened, when they witness the prices remaining stable for many months (or even years).

well they didn't realize that the price of bitcoin when it was created was as cheap as that until 2017 many were surprised by the price of bitcoin which could reach such expensive prices, because there was brainwashing so that many new people entered and tried to invest in bitcoin assuming they could get lots of profit from bitcoin when prices recovered to $20k again.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: ?? on ??

Those people expect an instant money to earn in crypto. They don't understand what's all about in crypto when they taught once investment made they can earn instant money. A big lose to those who have lack of knowledge so it is good to search prior investing in crypto.

Take a look at the new users who are registering to this forum. 99% of them would be money-minded. They don't want to work hard, but they expect to become millionaires in a day or two. They always dream about a repeat of what we had in 2012-2017, when the Bitcoin prices went from $10 to $20,000. And these people get disheartened, when they witness the prices remaining stable for many months (or even years).

tiktokcoin

newbie

Activity: 17

Merit: 0

Quote from: Xxmodded on August 01, 2020, 11:31:54 AM

You wrong not allowed for the other to invest in cryptocurrency, I think during get good and potential coin will bring much profitable for every one to get much money with investing on bitcoin and altcoin. just how to choose correct coin to buy and keep profitable for long term. When hearing with project get trouble sell directly and never holding.

if i could understand your point, i can describe it as " suppoly & demand "

crypto assets for most altcoins and Bicoin are limited, as more people joining this makes prices goes more up and it is good for old investors ofc.
won't be bad thing unless they sell so much as before when the bubble of bitcoin fall the price from 20k back to be between 3k and 6k

normally we should encourage people to join, to be able to sell faster too, the more buyers the faster you will sell, and this will let more banks and services work on supporting crypto

it is mostly good thing, but every point have its bad side, so yes they can harm the situation but it is still more benfitical than harmful

GarenCoiner

newbie

Activity: 21

Merit: 1

Quote from: popeye95 on August 01, 2020, 03:28:04 PM

Wouldn't the whole crypto world be way more healthy by removing anyone have a thought about making a well-deserved profit by selling it higher to some else? How do you think if I tell you that your car or your house worth nothing because you shouldn't look at it as "an investment"? How would anyone buy a car/house if it doesn't have a price tag? State-provided cars and houses? Think about it for a second and you will see crypto is almost the same. Even if I don't consider my bay as an investment or invest in it, I'm sure won't easily give it away.

wouldn't apply such rules to the real-world will make it a better place, but you can't simply control everyone, you are not in their situation to judge.

sure some actions can't be justified even in crypto world, but it is a world of imperfection.

what you need is to make your own rules to deal with such reactions, trying to be step a head so you don't every time get hit by same wave. and accept it when you make the wrong decision, try to learn from it and make better investment next time.

popeye95

full member

Activity: 398

Merit: 100

Wouldn't the whole crypto world be way more healthy by removing anyone have a thought about making a well-deserved profit by selling it higher to some else? How do you think if I tell you that your car or your house worth nothing because you shouldn't look at it as "an investment"? How would anyone buy a car/house if it doesn't have a price tag? State-provided cars and houses? Think about it for a second and you will see crypto is almost the same. Even if I don't consider my bay as an investment or invest in it, I'm sure won't easily give it away.

Xxmodded

sr. member

Activity: 2296

Merit: 315

SOL.BIOKRIPT.COM

You wrong not allowed for the other to invest in cryptocurrency, I think during get good and potential coin will bring much profitable for every one to get much money with investing on bitcoin and altcoin. just how to choose correct coin to buy and keep profitable for long term. When hearing with project get trouble sell directly and never holding.

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