Topic: Never invest in any cryptocurrencies! - page 14. (Read 17751 times)

Never invest in any types of investment if you do not have prior knowledge about it because if you do, it is definitely considered as act of giving money on someone because you putting money on something that you do not know. Do not put money if you still do not have enough information about it because for sure there is a high chance that you can lose the money that you invest. Allocation is also important so do not put all of your money because of the risks, the ideal money that you should put is the money that you are willing to lose.

The new people coming to invest in cryptocurrencies should be warn ahead, considering the risk and danger in investing in cryptocurrencies. Cause if care is not taken, you can lost the majory part of your investment. Is like learning forex trading, there are lot of things to learn. And please, don't ever invest in any cryptocurrencies you don't know much about. Don't ever try it.

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

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

Yes, exactly, if you want to be real quick rich then you must have to understand it that your impatient behavior cannot recover your loss until you stop behaving like impatient. That's why in crypto you always have to show your patience towards your investment otherwise you'll have to face some consequence regarding your investment. Those who have been successfully patient about there investment those are the one who believes in compound interest, which helps them to increase their investment as per the time.

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

I wonder what else one would think of crypto if you are not a developer. Yes we want the technology, yes we love the innovative approach to our everyday lives. If we buy a token and it appreciates I sell for gain  then I should do more to gain more money.

Most "Get rich quick" schemes are not investment, but just a ponzi scheme.
Cryptocurrency is not ponzi, and there is no quick way to get rich from it because crypto project will need time to progressing.
When the project already big and success, massive adoption will happening and the investors can gain the profit at that time.

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.

if you come here to get rich quickly it will be difficult to achieve it, in the world of crypto there is no instant, everything needs a process, if you have pursued one of the expertise in a field then the results will never betray you.

if we separate crypto into BTC and Altcoins

1. BTC would be used in investments like gold and being traded as USD/EUR.

2. Altcoins would be used in investments as StartUps and being traded like trading in new markets (poor 3rd world countries) because their coin is also not stable and bouncing up and down a lot.

-> so, I see that we are just using it for the same goals and with the same habits and techniques, next in future if something revolutionary also rises we will still be applying the same usage.

Welcome to planet Earth

Take as an example Instaforex exchange has trading pairs with different currency. Why do traders trade with these currencies? You are right, but hundreds of 5 people could believe in this process. Everyone is looking for profit, either traders or investors. We couldn't stay with a coin for a long time. Even for holding we would like to hold new technology and upcoming blockchain, why would we stay with old coins?

I believe that larger percentage of those in the crypto space now want ti make it well from crypto as fast as possible and that is why they easy fall into the hands of scammers. In fact, opportunities are becoming so numerous, but not all can be trusted.I would prefer to invest in just one sure and legit project, than to invest in 100s of shady projects, which contain high risk.

Your last statement has defended the former part of it. Taking risk should come with care. Do not ever take risk over a project yu know nothing of. You can only control what you know and you can only choose what you know. So, learning to make the right choice is the most important thing, which is now followed by the decision to take a risk.

 If you don't want to invest what is your purpose, usually as a part of this world of cryptocurrency, your fundamental planned is to invest for you to have something like savings, this is a part of your life to lean on when a financial crisis comes within and opportunity, as new age, people on today is almost all are creative, So you need to drive them all.

Well your topic is far on what you are pinpointing, but in crypto currency there is no easy way to get rich it was taking time to became rich if you know have enough knowledge don't go with the hype of a coin usually when the hype gone wrong then you are the one who will trap on that investment so that don't be on a hype one beware of people who will say that you are going to be rich easily.

I agree investing in cryptocurrency is not a way to get rich quickly, but investing in cryptocurrency requires patience.
So don't expect instant profits when deciding on investments in cryptocurrency. Moreover, using money from hot wallets
used as capital, or borrowed money used for investment capital in cryptocurrency do not do that if you do not want problems.

the truth is that in this market only those people who have learned how to take risks - make money! The person who has learned to choose the right tools in which to invest money

Coming in into the crypto industry bringing such attitude of thinking that with the use of cryptocurrency you can get "instant rich" then was really a misconception and it might just lead you into a greater loss if you just came along having the hope in your hand that once you enter the crypto industry you can already get into a quick path of being a rich individual.

That was certainly the misconception of many people whenever they hear about cryptocurrencies because what comes into their mind is that there is an easy money associated on engaging with cryptocurrency. Then it is not. It is still in need for you to seek possible ways on how you can earn and one of those is through investment. Investment in cryptocurrency is like investing in the real world of stock market wherein you invest and it would take time depending on the current market situation. But on the cryptocurrencies, it might look a little or let's just say technical and complicated because of the volatility of the cryptocurrencies.

If people are thinking that investing in crypto is just that easy, then better think for a while before doing actions of deciding to invest in crypto. If you have such an attitude, better do not invest into any crypto just for a while. Make yourself have a time to understand thoroughly that investment in crypto is a real deal and not as easy as what most people think it is. As long as you do not have better understanding about it, you must not invest into any crypto because once you fail on investment you might just get into frustration so better learn the real deal that there is no easy money in cryptocurrency. Everything is undergoing a process.

The same thing could be said about people who are negative towards the overenthusiastic investors.

Some people are greedy, some are enthusiastic, some are skeptical but all of them should have a chance to invest. If you're greedy you could be disappointed but you as well could succeed.

In 2017 those who bought and held were successful no mather what attitude they had. They all had a good timing and that was enough.