I think by now, many in the space should have gotten the understanding that cryptocurrency is not a get rich quick scheme and won't ever be.
Only invest in altcoins that have good and solid use cases. I trade more of cryptos I can find on the https://changenow.io platform because majority of them are top notch projects.
In all, it's best to research well on whichever crypto project you are considering before you make your investment decision. This is the best practice I know that works for me.
Topic: Never invest in any cryptocurrencies! - page 11. (Read 17772 times)
It will surprise you that many investors, including me, only interested in crypto because "get rich quick" as the main driven. Don't make it like a bad thing, you need something to keep pushing you forward right? Nothing more real than money, you know. Same as real world, same as crypto world. Can you see they are 'healthy' in their own way?
Why we should not invest in any cryptocurrency if we can see the positive result of it in our life?. You just need patience and positive mind set so that you will understand more what cryptocurrency really is and how it can help to us especially this difficult time caused by this pandemic. And now look at the market of bitcoin and ethereum,it keeps moving upward and give hope to everyone. Cryptocurrency is essential part of economy because people need it.
The title seems a little bit misleading, i think investing in cryptocurrency is fine.
Investing is different from "quick way to rich" because you will need time, maybe long time to make your investment really grow and bear fruit. We should avoid any investment if they promising quick roi, usually its just a fraud.
Investing is different from "quick way to rich" because you will need time, maybe long time to make your investment really grow and bear fruit. We should avoid any investment if they promising quick roi, usually its just a fraud.
Even with the present situation of things in the crypto market, you can just advise to stay off the crypto investment now. There are good altcoins that are doing so well. One just have to be very careful with dealing with those altcoins. They can really disappoint, an if that happens, that will be a total lost I yiur investment. I was to sell some altcoin two days ago, but due to ImToken with high gas fee, I was unable to do that, and till the coin deep again. I just have to wait till when the comes up again. It's a good coin though. So putting all altcoins inine basket is really not a good advise.
Right, people should not invest cryptocurrencies if they thought that way, they will end up losing money. People should research about cryptocurrencies so that they know what really is and how volatile it is.
Its like the normal investment thing, it takes time to earn money. I consider earning cryptocurrency as an extra job, I just want to be lock here where I don't have guarantee that it will provide me what I need in everyday lives. If we want to be success and just like OP said, we should not quit our own job just to be fulltime in cryptocurrency especially if we are just in the beginning stage. We can invest our money by also securing our future with the normal thing we should do in real life. Its a different thing that we can use our skills in real world.
Do you understand how market and price work? There should be buyers to buy your tokens unless the token or coin doesn´t have any value. So your claim: "Wouldn't the whole cryptoworld be way more healthy? What do you think about it?" is totally wrong. No one works for free, without it no promotion would be and buyers will not hear about the token. So both sides are needed, buyers and sellers (promoters). 
Cryptos can be a nice long term and also passive way of earning an income but we need to be realistic and look at CRYPTO as a way to grow and diversify our savings, as having now FIAT in the Bank only devalues and gets less and less useful as it goes down. I also think that there are some great projects that we can interact with and have great utility like TRAVALA for example which has ways for us to book our travel through CRYPTO and this is a huge use case for us all in the CRYPTOSPHERE. Demand for the token keeps growing as we lock up and earn rewards and discounts. Amazing stuff coming by tokenization of assets and business.
The good thing is cryptocurrencies are one of the best investment vehicle nowadays but a lot of people are losing because of lack of knowledge and wrong mindset. I always telling my friends that they should invest in their knowledge first before putting money in different investments because they keep asking me if how long the ROI. They are keep focusing on rewards and not the risks and it makes them to think get rich quickly where it proving that they do not fully understand what they are doing. Crypto is now an ecosystem and digital money for investment and transactions. Everyone comes with an investment goal and makes a profit and that is indeed the reality. Only a few are truly investing in future projects and that is a truly wealthy person. There is nothing wrong if people come to get rich, but the thing to remember is that a crypto is a place full of risk without collateral
Probably OP had never made good in investing cryptocurrency because of having losses. Losses is part of investment whatever investment you may had. I agree with you that cryptocurrency is one a high risk form of investment and this could mean also that there is a high chance on getting high gains or the opposite which will be getting more losses. It is up to you when will you going to buy crypto, risk your money and decide when to sell crypto. Trading is very common to others who enthusiast with but most likely the best thing to gain here is risking money to buy crypto while having market crash and then sell it whenever you want after the market made a recovery but never buy again unless it will be having a market crash for crypto again. 
Indeed, there is no way for you to "get rich quick" unless you are lucky, such as investing at the right time until in the near future there will be a large pump that is still possible for this to happen, but if market conditions and conditions are still difficult to even improve but you expect to get rich quick, of course that is the wrong thing. It is not wrong if you invest to become rich because every investor will surely expect big profits but all of that can only be obtained if you are skilled and can be patient to go through a long process.
it's fair enough, getting some crypto rewards from crowdfunding results or as a bounty participant who then gets a reward. but sometimes there is a project that fails and causes us to lose the time we used to work at the time, or when we invest and then not get maximum results. I think that's a normal thing, because investments other than crypto also must have experienced the same thing.
yes, if someone comes only thinking of quick profits, I think it's wrong, because not all investments can be profitable. as far as I know investing takes a long time, patience, is not wrong in choosing coins, and is able to manage your money properly. and keep in mind that investment is also risky, I hope if you are a new investor, not to place your money wrong in crypto.
"Investment
description: invest is to allocate money in the expectation of some benefit in the future. In finance, the benefit of an investment is called a return. Wikipedia"
yes, investment is to get profits, as long as you can make a profit somehow, that means this way can be accelerated to make a higher profit in same period or reach a certain amount of profit (can be called Rich from your perspective) fast.
yes, if someone comes only thinking of quick profits, I think it's wrong, because not all investments can be profitable. as far as I know investing takes a long time, patience, is not wrong in choosing coins, and is able to manage your money properly. and keep in mind that investment is also risky, I hope if you are a new investor, not to place your money wrong in crypto.
It's unhealthy to approach cryptocurrency as a get rich scheme, it could make one loose out of the market. We've heard of projects doing over 1000% in a day and even much more. But that in most cases are pump and dump scheme. Involving in such could make one lose a significant amount of money because those schemes are very risky.
Crypto is now an ecosystem and digital money for investment and transactions. Everyone comes with an investment goal and makes a profit and that is indeed the reality. Only a few are truly investing in future projects and that is a truly wealthy person. There is nothing wrong if people come to get rich, but the thing to remember is that a crypto is a place full of risk without collateral
Not many are serious about developing a blockchain system, only the development team and people who know about the potential of a blockchain who want to do it. because now it has begun to feel a changethe cryptocurrency concept of being a currency becomes an asset.
Crypto is now an ecosystem and digital money for investment and transactions. Everyone comes with an investment goal and makes a profit and that is indeed the reality. Only a few are truly investing in future projects and that is a truly wealthy person. There is nothing wrong if people come to get rich, but the thing to remember is that crypto is a place full of risk without collateral
exactly no shame in using it for getting rich quick, it is open market and opportunities, you can use it for good, I won't think like if I sell price will go down and I will harm someone selling after me who will sell cheaper and cheaper, no I should just sell to have enough funds to keep trying getting rich, we all wanna get rich and mostly we want to help, having the connection between helping people and getting rich even if not quick like investing in persons directly supporting them is also good to me, the important rule is, I want to get rich with minimal harming to others, and with no direct action meant to harm someone's business or investments with no intention for that.
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?
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?
I actually agree with the part that you shouldnt get into crypto if youre impatient and are looking for an easy cash because it wouldnt really be like that.
But saying that you should completely blow the idea of investing and just get into it if you were getting it as a bonus, i wouldnt agree with it much. Tho its nice to recieve it as a token, its also great to invest on it as long as its your extra money, you wouldnt mind the long wait and if youve taken the ample amount of research about the currency before investing.
Crypto is now an ecosystem and digital money for investment and transactions. Everyone comes with an investment goal and makes a profit and that is indeed the reality. Only a few are truly investing in future projects and that is a truly wealthy person. There is nothing wrong if people come to get rich, but the thing to remember is that a crypto is a place full of risk without collateral
Most people see cryptocurrency as a get rich quick scheme and that has lead them to fraudulent schemes and rippers. My journey into the space began with investment into HYIPS and ICO's, which promised a very high return but ended up carting away with my money. It feels really bad, but I've learnt my lessons and have been working on keeping my head down and being more careful in my investment choice.
I also did the same when i got into crypto, i used to invest in doublers before and cloud mining sites, although i got scammed luckily the amount was not alot. 
Most people see cryptocurrency as a get rich quick scheme and that has lead them to fraudulent schemes and rippers. My journey into the space began with investment into HYIPS and ICO's, which promised a very high return but ended up carting away with my money. It feels really bad, but I've learnt my lessons and have been working on keeping my head down and being more careful in my investment choice.
Anyone with the mentality of getting rich quick via crypto is totally wrong, glad you knew the truth later on from experience. Nowadays when I invest long term in any coin, I pray for the best while expecting the worst because anything can happen when not expected. Some people invest in crypto with borrowed funds, that's the worst scenario.
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