Never invest in any cryptocurrencies! - page 19.

Skinny48

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Quote from: mintme.com on July 21, 2020, 12:23:00 PM

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?

At first that topic of your almost got me confused lol, many newbies are here to make money because of many news surrounding crypto and probably they see living witnesses who make good money from crypto, they quickly join the crypto train with the hope of making fast money, little did they know that making money from crypto is all about perfect timing.

maxreish

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It will be healthy if we (as bitcoin enthusiasts) are going to promote, use and patronized cryptocurrency in a good way. Those who are new in crypto field mistakenly enter here because of those reasons;
-easy doubling money (which is probably wrong)
-big money returns if they invest (but forgot that cryptocurrency is volatile thus will not easily return the fund and it takes time)

But those who are already here for a long time knew the risks, the purpose of cryptocurrency and knew all the circumstances when investing into cryptocurrency.

Text

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Bitcoin Casino Est. 2013

What happens is that they are immediately dazzled by high or large amounts of price. They should remember that the world of investment is not only always up but also down, whether crypto or not. They should avoid thinking that it will give them big money in the short term. It takes times and requires patience.

There are many uses for cryptocurrency, it just depends on the user where and how he will disperse it. Can be used to purchase products and services, can be used for gambling and much more. Thanks to modern technology, it is able to create new innovations.

ololajulo

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SOL.BIOKRIPT.COM

The irony of trade in this market is that new people come more when old members are leaving temporarily, old people or traders come in when new members are leaving. When the bull market is rumbling the newbies think its a get quick rich scheme to catch from, they come with bigger fund and leave with fewer profit or loss. At the moment it is not get quick scheme until the parabolic arises, advice those that trust your words to come in now, buy from $100 into different coin before they call it scam again.

Blue_oxen

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Quote from: mintme.com on July 21, 2020, 12:23:00 PM

Crypto is good to use but risky so before we enter to any platform in crypto make sure that we have knowledge about it. Actually it's sad that many who enter in crypto think that they can get a lot of money or profit in overnight,sadly there's no easy in any platform even in crypto.

Right! The time that you can make quick and huge profit out of the cryptocurrency market has long gone. Back in 2017 when there were a lot of pumps, it may be true. However, the market right now is just not the same as the market back in 2017. The cryptocurrency world has been developed fully, therefore, if you want to join this market you need to have proper knowledge and skills. Too many people come to this market without any knowledge that leads to their losses in capital!

samycoin

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Quote from: mintme.com on July 21, 2020, 12:23:00 PM

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?

Crypto is good to use but risky so before we enter to any platform in crypto make sure that we have knowledge about it. Actually it's sad that many who enter in crypto think that they can get a lot of money or profit in overnight,sadly there's no easy in any platform even in crypto.

Aaroenz0r

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Quote from: tsaroz on July 22, 2020, 12:31:05 AM

There are many approaches towards cryptocurrency and every of them are important in their own way. Crypto is now a diverse technology that may or may not involve money. Even the coins with value are of different nature and approach. Most of the new coins comes with some utilities, some are STO or acts as stocks or bonds to some business. Some are just speculative. Similarly there are differences on how people approaches crypto. Some buy it for utility and ease of use, some are here for the profit while some are just trying new technology. I don't think we should generalize every crypto and their difference in approach attracts different group of people.

It's true! Not everyone comes to the cryptocurrency market for earning profits. People come to the crypto world in their own intentions. It's not right to give out such a personal opinion like this and encourage people to do the same thing. I think the OP is just upset about something in the crypto world such as being scammed, lost investment,.. that leads to his desperation and angry!

tsaroz

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There are many approaches towards cryptocurrency and every of them are important in their own way. Crypto is now a diverse technology that may or may not involve money. Even the coins with value are of different nature and approach. Most of the new coins comes with some utilities, some are STO or acts as stocks or bonds to some business. Some are just speculative. Similarly there are differences on how people approaches crypto. Some buy it for utility and ease of use, some are here for the profit while some are just trying new technology. I don't think we should generalize every crypto and their difference in approach attracts different group of people.

Argoo

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Quote from: Pffrt on July 21, 2020, 12:40:24 PM

It's a problem for new comers in crypto investment. Around mid 2017, a report on mass people showed that "Bitcoin is a thing where we can invest and earn money." I'm talking about my country situation. I'm sure most of the people from other country had the same attitude and still the newbies have. We are promoting crypto as investment rather than its ease of usage. If we discuss how convenient crypto is rather than discussing it as store of value, it may possible that the adoption would increase.

People generally view cryptocurrencies as stocks that go up in value. This is precisely why it is now attractive to the bulk of people. Traders also take advantage of the high price volatility of cryptocurrencies for their earnings. As a means of payment, cryptocurrency is still very poorly used. So far, this is really a problem for cryptocurrency, since its liquidity is growing very slowly. There seems to be nothing we can do about it. After all, the use of decentralized cryptocurrency by business structures as a means of payment is hampered by its high price volatility.

iTradeChips

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Leading Crypto Sports Betting & Casino Platform

A big percentage of the people who are into cryptocurrency have little knowledge of the technology. I must admit because that is what we always discuss with my peers in our area. Many of our colleagues ask us for guidance, what to invest and what crypto to buy, how to earn, and many others. I think as investors and as cryptocurrency enthusiasts we need to "force" ourselves to learn and read and research. There is no other for this. If you are lazy enough to learn the ropes of being a crypto enthusiast and investor, then sad to say this is not the business / investment for you.

Republikcoin.com

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Leading Crypto Sports Betting & Casino Platform

Well, the investment can be done, but in the right place. most sites that offer bonuses like that are HYIP sites, and that really makes a lot of people stuck with the bonuses offered. however, not all crypto investments have the same potential, so it is highly recommended to conduct research before investing.

Gotumoot

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This is the problem for most of the investor they only see it that way because of the successful stories that they read or heard on their friends or on the internet.
They doesn't know how long and how hard the journey those successful person had in order to be where they are now how hard they resist on not letting go of their crypto when the price went down.

michellee

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Quote from: daniahya on July 21, 2020, 08:50:59 PM

Quote from: Genemind on July 21, 2020, 08:19:30 PM

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.

Such thinking is usually experienced by new investors who want to invest in cryto, but the reality is not that easy, cryto investment needs research as well and of course requires a long time because the development of a project is not fast,

New people will have difficulty learning the lesson, but after they have some experience, they will think that they need to learn more lessons to improve or get more knowledge that will be useful for them in the future. That is why if we are a new person in crypto, we need to research before we invest in any project, and sometimes, we can not find the right projects because all of the projects are almost the same.

asriloni

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Quote from: abeecrypto on July 21, 2020, 05:34:18 PM

You are on point. And this is one of the reasons many people argue about whether cryptocurrencies are a store of value or a get-rich-quick scheme. If more people take it as a means of payment, just like traditional currencies, it will be more healthy. It is supposed to be more of a store of value. It’s best we make it so. This is also one of the reasons cryptocurrencies are too unstable.

When you were talking about native coin and it can be a store of value but it's not all coins can be used as a store of value and the coin that can be considered as a commodity that can be used to store our value and that's only bitcoin. AFAIK the rest were including into the speculation coin.

daniahya

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Quote from: Genemind on July 21, 2020, 08:19:30 PM

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.

Such thinking is usually experienced by new investors who want to invest in cryto, but the reality is not that easy, cryto investment needs research as well and of course requires a long time because the development of a project is not fast,

Genemind

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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.

Kasabus

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Quote from: GatotKaca on July 21, 2020, 01:49:43 PM

not everyone will think the same as you, don't invest in crypto for me when understand and have high knowledge about crypto will not hesitate to invest in crypto despite the very high risk because from the year before that many rich people suddenly invested in crypto

In my humble estimation, people must learn everything about the crypto-world, then they can invest in cryptocurrencies. On the other hand lack of knowledge can be the reason for losing money. But if you make it aware, l think there is not any problem and more than that investing in cryptocurrency is the best way for making money in a digitalized world, if you can it.

Investing in cryptocurrency has definitely no guarantees that we will always gain profits but the reality is we often commit mistakes that will lead us into losing of money. But new investors that come in the market have opposite mindset and that they believe that crypto is a get rich quick scheme which is really not true. You can make big money in crypto but you have to work hard for it and even take big risks for it to be possible.

irixo10

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I think this goes sideways, that is, on one hand you can blame investors on the other you blame the team. It's quite true that most people have the get rich quick mindset but I think that mindset is slowing down because the crypto space is not like it's used to be. However, I will say people tends to be impatient because they do not trust the projects coming up nowadays wherein the project team always put their own interests first, thus no one can blame the investor for having a get rich quick mindset nor being impatient, in whichever case just waiting for the token to be listed so that they can sell off with any profit. So that is to say, if project team can be serious and stick to their idea, investors will remove unnecessary mindsets which goes against the growth of the project therefore supporting it instead.

Ridwan Fauzi

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First of all I'll say, when you have intention to gain money in any place you should know how to gaining it. It will be useless if you don't know anything but you are expecting that you gain a lot of money, it is false idea.

At least you have to know this industry breifly, don't let your money lose because you just see other people gaining a lot of money and you just followed it. You won't ever get it although you've tried to spent all of your money in it.

I think crypto currency has been known by most people and you can similarity it with commodities in conventional investment. There are a lot of sites already who give you many understing about crypto so as you can try to understood it before you spend your money, through this way you will be safe.

TheClownSong

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Quote from: mintme.com on July 21, 2020, 12:23:00 PM

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?

In my opinion, most investors in the cryptocurrency market are speculators and not pure investors. When we see a chance to get a profit of 2 or 3 times, I think it's natural that we want to take advantage and sell tokens or coins that we have to switch to another altcoin. There are also investors who are thinking of investing in the long term because they already understand the project being worked on or the coins already have a large community and daily transaction value.

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