Will it find wrong in investing crypto if you are not knowing what you do. Yes, Many had tried but only a few of them succeed it is because not all of them are meant to be in crypto investment. People who thinks instant, quick rich, well, it actually dragging them to hell and losing their funds as the easily get caught and fooled by scammers.
I'm not saying we have to stop investing crypto but for us to warned ourselves and others to see the risk inside. Not all investment is good and not all of them work perfectly that is why we are seeing some or many of them had failed.
Topic: Never invest in any cryptocurrencies! - page 20. (Read 17764 times)
Eventually they will learn, crypto is not a kind of investment where we can get rich quickly, it's not a HYIP or Ponzi scheme which some people are thinking. There are people I know that said they invested in bitcoin and they earn at least 20% per month, that's shitty knowing I'm in crypto and I can't convince them that they are into a possible scam investment, so I just let them do their team and hopefully they'll learn.
that will never happen. Some people may always consider crypto as a quick scheme to get rich. Anyone has its own personal opinion. I think you forget if this is a speculation market. What you have invested in a speculated coin that anytime it can be pumped too. People use the utility used to make sure if that was having a good product and I rarely seen people invest in crypto used the reasons that you have mentioned above.
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.
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Unfortunately there are so many who are interested in the crypto world because they want to get wealth instantly. Just because you see the success of others who are lucky and can take advantage of good opportunities and big profits, does not mean it can happen to you. Often people only see success, without wanting to learn what are the failures and processes that must be passed. This is one big mistake in investing. If you come to crypto with such an attitude, you should never ever invest.
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I think that we should see crypto as one more way to have profits in a passive way and not with the thought that by investing today we will be millionaires tomorrow, that is what crypto is about and the important thing about it is that its scope is unlimited that could even improve the world economy if it was used as it should 
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?
Healthy if thats the case but we cant get on what we do expect or wanted to because scams and frauds will surely exist no matter what as long it do involves money then criminal minds and fraudsters would really be here no matter what.
When it comes to investment then crowdfunding or in short ICO are already dead or become a shit before that 2017 bull run.There were still few which is worth but most of them are just trash.
As a crypto believer or investor then you should do your own assignment on searching things up. Dont get fooled by high returns or too good to be true promises and you would be on the safe side.
This is an excellent way and a use case of crypto earnings. To encourage crypto lovers, such schemes should be announced by crypto NGOs. To the second point, cryptocurrencies especially BTC we speak about, are to invest in the long term. Only in this way we can be confident about our investment and approach towards it. A healthy portfolio becomes when we become an investor and not a trader.
Most people will say only invest spare funds in crypto, but in practice that saying doesn't work all the time. No calculated risk, no reward. If for instance I decide to invest 10% of my savings in crypto, say BTC and ETH maybe when the market dumps significantly, I don't think I'm doing it wrongly. If your mindset is never poised to taking calculated risk, how will you make life changing investments? I'm not totally against OP's opinion but sometimes we need to go an extra mile to excel, but wisely.
Some people actually invest wrongly in crypto, for instance early this year a friend needed my opinion before making investment in ETH and BNB. He was about using 50% of entire funds in his bank to invest, his reason being that he gets no interest keeping the funds in his bank. I had to explain certain things to him, analyzing the risk factor involved before he changed his mind. I'm not saying it's wrong to invest your FIAT in crypto, but risk management is important. Some people go as far as borrowing money to invest in crypto, that's insane. If you ever borrow money to trade, your emotions will surely screw up your trading.
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.
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.
If you come to crypto with such an attitude, you should never ever invest.
I might disagree. In some cases, people with a mindset like that becomes a better person afterward. Since that mindset of a quick-rich scheme will lead them into losses, they will now think about "how it happened?" "what's wrong in the process?". There are lots of people who enter crypto world with a mindset like that but eventually learned in the process.
Because of those mistakes, self-research will now take place. As long as they are serious to know more about crypto, they will now learn what should be the best thing to do.
There is no perfect investor. Sometimes, they need to experience mistakes before learning.
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.
Unfortunately, it is the fact, buddy. Most of the people who invest in crypto have the same goal, it is how to earn profits immediately. But they don't really know how to invest in a proper way. Even, some of them don't care about the trends of crypto coins in the market. They don't understand that crypto coins are not always rising up its price but there is also time for them to drop its price. Well, people who have that attitude usually don't survive a long time in the crypto market. They may be last in crypto investment around 6 months, then they will quit because they think it is hard to be rich by investing in crypto.If you come to crypto with such an attitude, you should never ever invest.
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 people need to change their mindset to stop seeing crypto universe as investment only or a fast scheme to get rich. People need to see crypto universe as a working opportunity like any other in physical world where you need to work, to execute a task to be paid in a reasonable amount of money, not unrealistic ones like those presented in youtube videos.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 this mindset changed, there would be much less frustration and less adopters quiting crypto currency feeling deceived.
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?
Actually you are right that crypto is not a get rich quick program rather it is just like supporting new tech and projects but it is not true that what people invest in a project is not an investment but donation, please be clear that it is an investment and investor has the right to look for profit and take profit when ever he wants. 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 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.
Unfortunately, it is the fact, buddy. Most of the people who invest in crypto have the same goal, it is how to earn profits immediately. But they don't really know how to invest in a proper way. Even, some of them don't care about the trends of crypto coins in the market. They don't understand that crypto coins are not always rising up its price but there is also time for them to drop its price. Well, people who have that attitude usually don't survive a long time in the crypto market. They may be last in crypto investment around 6 months, then they will quit because they think it is hard to be rich by investing in crypto. If you come to crypto with such an attitude, you should never ever invest.
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.
I agree with you, here in the crypto world everything needs to be studied and analyzed. The investment needs time to think and listen to the experts ’recommendations and not to rush to take an individual decision. There are no profits without experience and knowledge. The unexperienced investor will find losses of his money and he may fall into a scam project and lose all his money inside. All beginners must learn and invest with the money they want to lose.
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?
But how do we get crypto freely or we don't invest but other people invest and that is how the team is able to do advert, pay for other things about developing the project, including writing the white paper. People will invest in crypto projects but I suggest they should invest in a real project and not fake.
Most of the people who come to the crypto market come up with the idea of getting rich quick. But it doesn't take long for them to realize that this thinking is wrong. Because they invest in the hope of quick profit without any kind of research. I have seen many crypto investors who have come to get rich quick and have now left the market with huge losses.
You have to think of yourself as a professional investor in any investment. Because professional investors don't invest without knowing anything, they know how much risk a market has. They know how to do research, so they don't invest in looking at any influencer's screenshots or fake fomo tweets.
You have to think of yourself as a professional investor in any investment. Because professional investors don't invest without knowing anything, they know how much risk a market has. They know how to do research, so they don't invest in looking at any influencer's screenshots or fake fomo tweets.
This is really an income that you have to be careful with. Any investment requires a sober and thoughtful analysis. If you apply a balanced and thoughtful calculation, you can have a stable income. The main thing is not to risk large sums and learn to trade, that is, read, practice and analyze. And everything can work out.
It depends on what you mean by "get rich quick". It seems to me that most of those who wanted to make quick money in crypto came in 2017 and left in 2018. Now, in my opinion, there are practically no random people in crypto. This is exactly what is needed for the health of the crypto market.
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