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Topic: Never invest in any cryptocurrencies! - page 18. (Read 17772 times)

sr. member
Activity: 2520
Merit: 280
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July 22, 2020, 11:50:49 AM
#72
You can never invest into anything if you are not willing to face the risk, every kind of investments holds risky so you have to realize the fact and then invest later.If you invest a part of your savings in cryptos then its good choice but if you invest the whole salary in cryptos and expecting the profits for the next month to cover your expenses is just pure stupidity and that kind of investments are mostly made in crypto market.
member
Activity: 308
Merit: 10
July 22, 2020, 11:44:17 AM
#71
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 the only way to break the manipulative state of mind that you were going to be rich in a short run of time is to focus on gaining small profit and increasing it little by little with a passionate research on how you maintain or surpass even beyond that. Rather than thinking big but in reality it will gives you a whole bunch of struggles on how you make it happen or even losing money would be possible.
full member
Activity: 1099
Merit: 116
July 22, 2020, 10:20:54 AM
#70
Those who believe that they will get rich in the short time are living in the heaven of foolish. Crypto is not a way of become rich in the short time. Here, investment is very risky and those who take risk, can gain profits or losses. I will not recomment for those who think crypto is a way of short time rich machine. Don't com e here by cherished this dream.
member
Activity: 1764
Merit: 10
July 22, 2020, 10:06:34 AM
#69
Newbies think that in the cryptocurrency field you can immediately start earning, but unfortunately, without any knowledge, this is impossible and therefore you need to first study the possibilities of cryptocurrencies and the entire cryptocurrency sphere in order to start earning in this area correctly and successfully.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
July 22, 2020, 09:58:40 AM
#68
What are you actually promoting? Because I was just confused seeing your topic "Never invest in any cryptocurrencies". Upon reading your topic, it simply puts into the mind of the readers to think negatively about crypto, and investing in here is worth nothing. Maybe you will say that "Becareful in investing cryptocurrency"

Anyway, people have different approaches in the market, they simply think about quick rich because that is what they mostly heard before. We should have to correct them either, but not in a way to discourage them from investing coz I know that they can understand the real situation.
full member
Activity: 840
Merit: 100
Oikos.cash | Decentralized Finance on Tron
July 22, 2020, 09:53:07 AM
#67
what you say to people who ask you is very true. the crypto investment will not bring them to get rich quick. but if they have good trading skills, they can get it with greater risk.
not only in crypto , in other finance market we will not be rich man instantly. many people have wrong thougt, crypto or stock market could give them huge money only in short time. this market contain of high risk , so we must use free money and accept if this money loss. first thing we must prepare were mentality and skill.
some people get lucky and get rich quickly, but then they lose their money again because they don't know how to use it properly. They again invest in some stupid projects and lose
full member
Activity: 1316
Merit: 108
July 22, 2020, 09:45:42 AM
#66
The fact us that, I have always advice people that approach me and say they want to venture into crypto. I ask them about their motives, that if it is about making it quick then they should forget about it unless they have millions of dollars they want to risk for daily investment.  There have been many losses resulted from impatience.  Crypto space is neither an abracadabra nor magic place.

what you say to people who ask you is very true. the crypto investment will not bring them to get rich quick. but if they have good trading skills, they can get it with greater risk.
If someone tries to tell his family and friends about the cryptocurrency, while trying to embellish all the information, then such actions in any case will harm not only these people, but also the entire cryptocurrency market. Many newbies, after listening to the wrong advice, strive to get very quick and great benefits from investing in cryptocurrency or from trading cryptocurrency, while not having enough information and skills, they lose all their funds. And thus, all the negative reviews from these newbies have a bad impact on the entire cryptocurrency market. Therefore, I believe that if someone does not know how to correctly explain this or that information regarding cryptocurrency, then it is better not to do this.
member
Activity: 464
Merit: 10
July 22, 2020, 09:40:02 AM
#65
what you say to people who ask you is very true. the crypto investment will not bring them to get rich quick. but if they have good trading skills, they can get it with greater risk.
not only in crypto , in other finance market we will not be rich man instantly. many people have wrong thougt, crypto or stock market could give them huge money only in short time. this market contain of high risk , so we must use free money and accept if this money loss. first thing we must prepare were mentality and skill.
member
Activity: 483
Merit: 10
terra-credit.com
July 22, 2020, 09:09:00 AM
#64
The fact us that, I have always advice people that approach me and say they want to venture into crypto. I ask them about their motives, that if it is about making it quick then they should forget about it unless they have millions of dollars they want to risk for daily investment.  There have been many losses resulted from impatience.  Crypto space is neither an abracadabra nor magic place.

what you say to people who ask you is very true. the crypto investment will not bring them to get rich quick. but if they have good trading skills, they can get it with greater risk.
full member
Activity: 822
Merit: 100
July 22, 2020, 09:01:49 AM
#63
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?





The fact us that, I have always advice people that approach me and say they want to venture into crypto. I ask them about their motives, that if it is about making it quick then they should forget about it unless they have millions of dollars they want to risk for daily investment.  There have been many losses resulted from impatience.  Crypto space is neither an abracadabra nor magic place.
legendary
Activity: 3346
Merit: 1128
July 22, 2020, 08:47:36 AM
#62
whats the difference ? earning a crypto the other way around and investing on crypto in the hopes of getting rich are i think the same .

 both have goals to hodl and to sell  . the small difference could be complaints because people think that think crypto are get rich scheme will find them selve complain alot while normal earners do complain to sometimes   . lastly your title is a bit missleading   . i thought you are just another basher that hate cryptocurrencies  .
Some people are assuming that they are having unlimited time and energy so they will never considere about earning cryptos is similar to buying them for money. But honestly, your time and efforts are also valuing like money so there should not be any differences in the consideration of cryptos through what way we are obtaining. I have seen some people are worshiping the coins, they have bought but they will easily sell what they have got from bounty rewards.

Yes, this title is definitely misleading. We can invest in cryptocurrencies but not into random things; we must take time to do enough due diligence so that we can avoid shitcoins. When we are carefully investing then we can find good returns that will be the point of having cryptocurrencies in our life as of now. By calling simply cryptocurrencies, I guess OP is also including bitcoin that must be really ridiculous.

When you are not happy with investments in cryptocurrencies, then you must limit yourself only with bitcoin investments at least. Because, bitcoin is known for good returns so far and it is highly recommended instrument to go with for anyone.
legendary
Activity: 3234
Merit: 1214
DGbet.fun - Crypto Sportsbook
July 22, 2020, 05:38:48 AM
#61
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?




We Cannot blame them because this is the way how Bitcoin and crypto being introduced to them.
I remember i also had this same attitude wayback when i first wanted to invest here.
But my views changed when the realization comes my way and learn that Investing here is not a one night profiting.
we can earn here if we can keep our patience and also our trust in cyyptocurrency.
The flow of market will grow for sure though this will take time.
These people that has this outview will sooner change their mind ,let us
help them realizes all of the things they need to know.
Agreed, when I was introduced to bitcoin myself too had the same thinking. In specific, I was introduced that bitcoin is a virtual money that grows in value continuously. Later only slowly learned about the true market of cryptocurrencies as well as the possible ways of profiting out of it.

When we're new to the cryptocurrency network we'll easily fall as a prey for scammers, because we've got a mind of getting rich out of cryptocurrency investment. It is always good to invest into cryptocurrencies, before that need to know the consequences as well as the way of keeping our funds secure.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
July 22, 2020, 05:25:51 AM
#60
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?




We Cannot blame them because this is the way how Bitcoin and crypto being introduced to them.
I remember i also had this same attitude wayback when i first wanted to invest here.
But my views changed when the realization comes my way and learn that Investing here is not a one night profiting.
we can earn here if we can keep our patience and also our trust in cyyptocurrency.
The flow of market will grow for sure though this will take time.
These people that has this outview will sooner change their mind ,let us
help them realizes all of the things they need to know.
member
Activity: 334
Merit: 10
July 22, 2020, 05:07:46 AM
#59
Admit it or not, almost all people who have learned or heard about crypto is an easy scheme to get rich. Where you will just put your money and it will multiply in a small span of time. Experience will either teach newcomers lesson or truth about crypto investing. There is no investment that can guarantee any return, as long as there's money involved, risk is always present.
Agree with you, just invest, everything will always be risky. And experience will help us avoid those risks and be able to succeed. In addition, there is no way to get rich quickly, except to become a scammer Grin
copper member
Activity: 658
Merit: 402
July 22, 2020, 05:01:58 AM
#58
I think most people approach crypto in the wrong way. With "get rich quick" approach.
That's the common misunderstanding people though when investing in cryptocurrency. But that's not really the case here in crypto. If with proper research and study about cryptocurrency, people will realize that there's no easy money here and it takes time before you become "rich" by investing or trading on cryptocurrency. Most of the double money or rich quick scheme that you will see on the internet is a scam that's why we need to be careful.

If our goal is to earn, we should also know the risk and how to deal with it. It's just the same with other investment, it takes knowledge and time before you can say that you succeeded with your investment.
sr. member
Activity: 1484
Merit: 277
July 22, 2020, 03:49:10 AM
#57
Admit it or not, almost all people who have learned or heard about crypto is an easy scheme to get rich. Where you will just put your money and it will multiply in a small span of time. Experience will either teach newcomers lesson or truth about crypto investing. There is no investment that can guarantee any return, as long as there's money involved, risk is always present.

Having that kind of mindset has nothing to do with hard work, and thinking that money will work for you. Most ponzi scheme businesses that used this kind of process mapping will promise this kind of mindset, that usually motivates a person of becoming reach is always posible. Though in a business, risking your money is always a part of the whole category, but when you're in crypto we should determine the right asset to choose to avoid losing your future profit.
full member
Activity: 1750
Merit: 118
July 22, 2020, 03:48:50 AM
#56
whats the difference ? earning a crypto the other way around and investing on crypto in the hopes of getting rich are i think the same .

 both have goals to hodl and to sell  . the small difference could be complaints because people think that think crypto are get rich scheme will find them selve complain alot while normal earners do complain to sometimes   . lastly your title is a bit missleading   . i thought you are just another basher that hate cryptocurrencies  .
member
Activity: 1540
Merit: 68
July 22, 2020, 03:43:35 AM
#55
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?





Usually, it doesn't neccessarily have to be a get rich quick mentality; everyone in the world invest to get profits; so whenever you see people speculating about the profits they are expecting from an investment in crypto currency, do not see it as a get rich quick mentality. The rewards of investments are profit or loss; you can only implore such individual not to get too excited or carried away, and help them focus on their trades, consistent research works help too.
legendary
Activity: 3052
Merit: 1281
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July 22, 2020, 03:41:52 AM
#54
I think most people approach crypto in the wrong way. With "get rich quick" approach.

I agree with you on this thought.

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?


But I partly disagree to you on this one for a reason:

If there is no one buying cryptocurrency on an exchange, then what is good in holding those cryptocurrency?  We all know that investors participate in crowdfunding for possible profit.  No one will support a project without any gains from it, whether it is financial or social gain.

If everyone just rely on getting cryptocurrency through job works, and no one buys it on the exchange, then it is good as working for nothing since the coins and tokens we receive has no demand at all.

And most of all, spending time, effort, talent even it is not financial is still an investment.  In short, one cannot gain anything unless he invest something.
member
Activity: 798
Merit: 38
July 22, 2020, 03:39:26 AM
#53
The main problem i have noticed with most people is that, they see and handle crypto as i they are dealing with Ponzi. That is why crypto projects that are Ponzi-like easily crash. Ponzi is never volatile, while that is the main characteristic feature of crypto. Those who really make it from crypto are thosethat understand how it works and who are very patient and meticulous on every decision they make.
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