Never invest in any cryptocurrencies! - page 13.

Vanessamix

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

You're probably right. I think the core of the problem is - cryptocurrency is just another way of storing value and making transactions, so... currency.
And as any other currency it has its own fluctuations of a price and that's healthy - its just a matter of demand and supply.
But people treat crypto like its casino or sport bets and that is not the case (both of these actually won't lead you to easy money, but thats whole another story).
So in my opinion main goal of crypto community at the moment should be educating everyone around about what is actually happening

lousie9

sr. member

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Yes, most new users naturally think that crypto can make rich overnight, but in reality crypto cannot make you rich quickly. all need a process and even investing also takes a long time or not as fast as you expect. but I still believe that crypto is always unexpected, if you want to invest safely it's better to invest only with top coins, especially BTC.

StephenJH

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No more Rekt and Bust

Quote from: kesmex on July 25, 2020, 11:38:59 AM

even though investing in cryptocurrency is still potentially very high, because cryptocurrency is a future technology,
don't be afraid, if you are afraid that your success will also be lost, learn to invest

That is right cryptocurrency is our future money and this technology is so new for the people. But To be afraid of investing is needed, but l think It must be a little, not so huge. If we don't want to lose our money by investing in any crypto, we must make good research before investing in any project. To make research about project which you invest in is so important. More than that we can make good choices, l mean there are a lot of projects and most of them are useless, we must try focusing on legit projects.

Quote from: Untomabur on July 27, 2020, 07:29:04 AM

Quote from: Jamalmg on July 27, 2020, 04:57:54 AM

Excaly, if we invest in crypto from our salary bonus then i think crypto can possibly going good position but also we need to understand whare we invest! Which project can give us profit, also we need to understand what is crypto! Any random people can't make money without understand!

the rise and fall in the prices of cryptocurrency assets is indeed terrible, today many altcoins are down to 15%,
just imagine if you invest a lot, maybe this is what makes people afraid

If you are afraid of the volatility better go for the spot Forex pairs which will give what you want from the market. Markets can stay irrational more than you think rationally.

mydona

newbie

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Quote from: Untomabur on July 27, 2020, 07:29:04 AM

Quote from: Jamalmg on July 27, 2020, 04:57:54 AM

Excaly, if we invest in crypto from our salary bonus then i think crypto can possibly going good position but also we need to understand whare we invest! Which project can give us profit, also we need to understand what is crypto! Any random people can't make money without understand!

the rise and fall in the prices of cryptocurrency assets is indeed terrible, today many altcoins are down to 15%,
just imagine if you invest a lot, maybe this is what makes people afraid

yes, this is exactly what makes many afraid and looking differently to investing in cryptocurrencies.

in general if you invest in a company it is mostly stable, and going slightly up by time if it is a good one and sometimes slightly down, more often it is going up and most of its jumps going up, rarely going down as in a crisis like a pandemic, but this is happening so rarely, and also many other business grow and even blow up as zoom app and many others.

but in crypto, specially coins with no specific purpose or service it is much harder to predict why it goes up or down and it is almost randomly changing between very high and very low.

i would recommend investing in altcoins connecting to trusted services as assets in the company, not in crypto in general even in BTC specially if you are a new investor with limited resources, you should always go for more safer shelter with spending part of your money of course.

Slingshot

sr. member

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Investing in crypto has to be choice some invested and made it huge while such invested and lost but like you said there are several opportunities that could make one earn monthly or weekly which us like government job that one earns monthly via your area of specialty so I think it's high time people gets to understand this.

Untomabur

member

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Quote from: Jamalmg on July 27, 2020, 04:57:54 AM

Excaly, if we invest in crypto from our salary bonus then i think crypto can possibly going good position but also we need to understand whare we invest! Which project can give us profit, also we need to understand what is crypto! Any random people can't make money without understand!

the rise and fall in the prices of cryptocurrency assets is indeed terrible, today many altcoins are down to 15%,
just imagine if you invest a lot, maybe this is what makes people afraid

mezzaluna

member

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★Bitvest.io★ Play Plinko or Invest!

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?

Well, you can never blame other people for viewing it that way. Some people were introduced to Cryptocurrency that way and the way to change that is for them to be introduced to new knowledge. Gaining knowledge about Cryptocurrency is the only way to be profitable since people would utilize their knowledge on how to gain more Cryptocurrencies. Crowdfunding is a bit hard since not everybody would take some time to consider them as a way to gain Crypto.

nicecrypto

member

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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?

I think your topic heading is very wrong, saying never invest in cryptocurrencies" is misleading, investment have risk and you should be able to understand the risk and be ready for whatever the outcome, individual perception differs, those who think they will get fast money here will soon learn fast if care is not taken, crypto is not a get rich quick, patient is very important in crypto.

Lantind

sr. member

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Quote from: kesmex on July 25, 2020, 11:38:59 AM

even though investing in cryptocurrency is still potentially very high, because cryptocurrency is a future technology,
don't be afraid, if you are afraid that your success will also be lost, learn to invest

All things do need to learn, so that we know how to play, fear and doubt that will always be there for every human being, and it is very natural because most victims of fraud are in our trust in the reference of others in terms of investment.

Jamalmg

jr. member

Activity: 56

Merit: 2

Excaly, if we invest in crypto from our salary bonus then i think crypto can possibly going good position but also we need to understand whare we invest! Which project can give us profit, also we need to understand what is crypto! Any random people can't make money without understand!

mydona

newbie

Activity: 23

Merit: 0

Quote from: vvu351 on July 26, 2020, 03:03:02 PM

Quote from: Oyarebu on July 26, 2020, 02:01:14 PM

Quote from: hummer113 on July 21, 2020, 03:20:29 PM

Never invest without understanding the project, not only in cryptocurrencies, but also in any field, and do not believe in the analysis made not by you.

Absolutely true talk, cryptocurrency has been in existence but many have been complaining about their investment with the industry, we should be mindful of the type of projects we approach for investment because our decision can made us or brake us. Double checking the projects before we invest with them matters a lot. There are scam projects; likewise there are profitable projects around also.

Sooner and later, half of humanity will use cryptocurrency very actively. This is our future and I believe in the development of cryptocurrency.

before crypto, fiat was also new one day and people were just trading, then golden and silver coins, then fiat then cheques then online banking/atms

money/economy is being developed and every era have its good and bad sides, like any other field every couple of decades it will have revolutionary new way to replace or stay along with old ways.

for example TVs was new invention one day, and it was on top of any other media advertising, look how the internet replaced everything in a better way, but yet, TVs still exist, some have adopted parts of the new inventions trying to survive like animals evolve to survive. but in general still it is the age of internet and not TV anymore.

same almost applicable on crypto vs fiat, they are having internet banking, international payments but still crypto have much lower fees for any international transfer.

shollyen

jr. member

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Quote from: vvu351 on July 26, 2020, 03:03:02 PM

Quote from: Oyarebu on July 26, 2020, 02:01:14 PM

Quote from: hummer113 on July 21, 2020, 03:20:29 PM

Never invest without understanding the project, not only in cryptocurrencies, but also in any field, and do not believe in the analysis made not by you.

Absolutely true talk, cryptocurrency has been in existence but many have been complaining about their investment with the industry, we should be mindful of the type of projects we approach for investment because our decision can made us or brake us. Double checking the projects before we invest with them matters a lot. There are scam projects; likewise there are profitable projects around also.

Sooner and later, half of humanity will use cryptocurrency very actively. This is our future and I believe in the development of cryptocurrency.

Crypto adoption is a gradual process. The rate at which crypto is accepted and is being used is increasing, although, it is gradual. Some who tried to stop it, where are they today. No one is now talking on how irrelevant it would be, but how the world can now harness it for the growth od economies around the globe.

vvu351

hero member

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corion.io

Quote from: Oyarebu on July 26, 2020, 02:01:14 PM

Quote from: hummer113 on July 21, 2020, 03:20:29 PM

Never invest without understanding the project, not only in cryptocurrencies, but also in any field, and do not believe in the analysis made not by you.

Absolutely true talk, cryptocurrency has been in existence but many have been complaining about their investment with the industry, we should be mindful of the type of projects we approach for investment because our decision can made us or brake us. Double checking the projects before we invest with them matters a lot. There are scam projects; likewise there are profitable projects around also.

Sooner and later, half of humanity will use cryptocurrency very actively. This is our future and I believe in the development of cryptocurrency.

Sanugarid

full member

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★Bitvest.io★ Play Plinko or Invest!

Quote from: jahepahit on July 26, 2020, 01:45:40 PM

its sad that the notion which people come into cryptocurrency is to make quick huge profit. they then fall into wrong hands and are scammed by wrong and fake project owners.

We got this mindset back then after the bitcoin hit its all time high, news are every where about a digital currency the reaches $20,000 in total many people have made profit that year persuading others to jump and join the hype thinking it was really easy for digital currency to gather the trust from its people, but then it submerged. In that time also, many projects are rising without most of us knowing that those are scams and are just surfacing over the crypto for the money. Until know there are people who believe in easy money, can't believe this, scammers in twitter last week was able to bag a huge amount for just posting a bitcoin and ethereum doubler with hacked accounts.

Quote from: jahepahit on July 26, 2020, 01:45:40 PM

if people were brought into cryptocurrency with the revolution mentality and ideology the we would have gone far at this time. the right mindset is needed.

Not all people are the same, if we all knew that crypto will boom from the time it was created then we could have not experience those unique history of the crypto community. There would not be a pizza bought for 2 bitcoins!

Oyarebu

member

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Merit: 32

Quote from: hummer113 on July 21, 2020, 03:20:29 PM

Never invest without understanding the project, not only in cryptocurrencies, but also in any field, and do not believe in the analysis made not by you.

Absolutely true talk, cryptocurrency has been in existence but many have been complaining about their investment with the industry, we should be mindful of the type of projects we approach for investment because our decision can made us or brake us. Double checking the projects before we invest with them matters a lot. There are scam projects; likewise there are profitable projects around also.

fullhdpixel

hero member

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In cryptocurrency it’s like an open world where you’re free to do whatever you want do. There are those who wants to be making use of it as a way to receive payments for their work, or sending money and purchasing products line, and there are also those that wants to be having it as an assets (these are the people who are always expecting profit).

Lots of people that are making use of cryptocurrency are like the later. When I tell people to make use of cryptocurrency for transaction they usually don’t show any interest, unless I tell them that they can make money from it. Just do what you think is right for you.

jahepahit

member

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its sad that the notion which people come into cryptocurrency is to make quick huge profit. they then fall into wrong hands and are scammed by wrong and fake project owners. if people were brought into cryptocurrency with the revolution mentality and ideology the we would have gone far at this time. the right mindset is needed.

suryapro

member

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Merit: 10

Rushing to invest in cryptocurrency with the main aims of making profit quickly is very risky, cryptocurrency is wider than what newbies will just rush to invest in within few days of joining the community. Patience is very important, get to know much more about the market before investing.

infocoino

newbie

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Quote from: mintme.com on July 25, 2020, 05:21:41 PM

Quote from: infocoino on July 25, 2020, 11:28:16 AM

Quote from: mintme.com on July 25, 2020, 05:20:12 AM

Just to be clear - I don't mean that you should not use them, you should use cryptocurrencies but without being obsessed by the price, without all "I invested and I will be rich" thing.

people invest for getting rich, they don't invest in general for no reason or for charity (in most cases).

but I think you meant "they should invest without all "I invested and I will be rich fast/instantly"thing

charity is one thing, but helping some content creator who can give you extra materials if you help him is another. I think it's still not investing

I agree with that, I would prefer to invest/support/help - whatever it is called - a person/team by buying their tokens/coins.

such tokens/coins will have much more stability and credibility, you will be investing in someone you know much about, you are following his/her content. you see how stable is his productivity schedule and most of time know how good is he doing.

Yatsan

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Leading Crypto Sports Betting & Casino Platform

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.

It is the most common perception of people whenever they here about cryptocurrencies. They think that engaging into investment with cryptocurrencies can make them an instant millionaire which they are just up into earning without even learning. Such attitude from those kind of people can just lead to possible failures and can get into scam investment because they would be the most probable target of scammers for sure because what they think about is instant earning on which most scams are focusing into such mindset coming from newbies.

People must know that investment is a serious matter that also need to have prior knowledge before engaging into it. Never ever invest into cryptocurrencies without knowing anything because it would just be a waste of time and money as well. This could just lead to frustration and might cause commotion because possibly those who fail to achieve their goal without having prior knowledge might spread rumors about bad publicity of crypto market on which at the first place is their fault for not letting themselves learn first on how investment is done.

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