Never invest in any cryptocurrencies! - page 8.

cristiano77

newbie

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Quote from: ubay on August 14, 2020, 01:16:00 PM

If people don't understand cryptocurrency they should try to learn it, and it's better to try to buy it in a small amount.

But if that person thinks about getting rich quick then that is impossible, because cryptocurrency is the same as money, but only digital (digital money). Its value will increase or decrease over time.

why not getting rich quickly, not impossible, it is just a low chance if you have no idea about crypto, the more knowledge you get the higher chance you have for profit.

cryptocurrency is not like real money at all, it can be similar to some of the weak money of 3rd party world which its money has no fixed price, but even these currencies are much much more stable than crypto coins, and have much fewer risks to reach 0 prices.

not the best comparison, crypto is far from money.

ubay

full member

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If people don't understand cryptocurrency they should try to learn it, and it's better to try to buy it in a small amount.

But if that person thinks about getting rich quick then that is impossible, because cryptocurrency is the same as money, but only digital (digital money). Its value will increase or decrease over time.

robattfield

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Quote from: GREENch on August 14, 2020, 11:54:15 AM

In cryptocurrencies, there has always been and still is an opportunity to ride the wave of HYIP. At the moment it is DeFi, in 2017 it was ICO. But at the same time, you should not get emotionally attached to either coins or projects - this is just a tool for making a profit.

Well, don't expect to invest in them long term because the hype lasts only a short time. Then these trends will collapse and become scams, take advantage of these opportunities to make as much profit as possible, and if you want to invest safely, choose the top projects in the market

GREENch

full member

Activity: 1400

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In cryptocurrencies, there has always been and still is an opportunity to ride the wave of HYIP. At the moment it is DeFi, in 2017 it was ICO. But at the same time, you should not get emotionally attached to either coins or projects - this is just a tool for making a profit.

key4co.in

hero member

Activity: 812

Merit: 503

Quote from: Bes19 on August 13, 2020, 05:55:15 AM

So you mean to say we should just wait and earn crypto? coz for me investing in cryptocurrency is really a good idea and a good start.
i don't think cryptocurrency would grow if no one would buy or invest on it.

Just follow one of the rule "Invest what you can afford to lose"

I think you are missing a point here, OP actually meant if you come to crypto with the mindset of it being a get rich quick scheme, you shouldn't invest in crypto. Not actually from the perspective you see it. Investing in crypto has been one of the best things that happened to me over time, in as much as risk is attached. There is no investment without risk factor per say.

Serco

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Quote from: Bes19 on August 13, 2020, 05:55:15 AM

So you mean to say we should just wait and earn crypto? coz for me investing in cryptocurrency is really a good idea and a good start.
i don't think cryptocurrency would grow if no one would buy or invest on it.

Just follow one of the rule "Invest what you can afford to lose"

we do nothing to earn crypto was impossible for everyone. no one will give us free cryptocurrency except they were good man and know who are we. earning money in crypto will need much sacrifice and not only money , mental and psychology will tested while we decided to buy some cryptocurrency coin.and invest with amount tha we afford to lose was good point for beginers.

fammy

member

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Bounty Detective

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?

I think it depends on the perception of the person, if they have that kind of attitude and are willing to take all the challenges and risks dealing with this kind of industry, I can safely say that it will prosper but if they are just here with a mindset that it is easy to earn here and once they get lost just a little amount they started to cry this cryptoworld is not for them.

tiktokcoin

newbie

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Quote from: sfireman on August 13, 2020, 06:00:44 AM

Quote from: Bes19 on August 13, 2020, 05:55:15 AM

So you mean to say we should just wait and earn crypto? coz for me investing in cryptocurrency is really a good idea and a good start.
i don't think cryptocurrency would grow if no one would buy or invest on it.

Just follow one of the rule "Invest what you can afford to lose"

That's right! I think some people are just too desperate about their failures then they can't believe in any cryptocurrencies! I have to make it clear that there are bad projects but there are good ones also! Consider carefully when you invest in a project! Investing is a hard task that requires a lot of proper knowledge and skills, but if you know how to do it right, you'll receive the reward properly!

this can be the reason why a lot of people afraid but it is also the reason of profit, imagine a coin keeps going up, it will simply reach high price as the BTC reached at, then you will need your money back to invest somewhere else you can't sell if none buying and this one buying probably will lose a lot

you just need some critical thinking and to keep reading and analyzing old behaviors of the coin is very important, it is the history repeating in every field of our life, circles going on nonstop.

sfireman

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Decentralized Ascending Auctions on Blockchain

Quote from: Bes19 on August 13, 2020, 05:55:15 AM

So you mean to say we should just wait and earn crypto? coz for me investing in cryptocurrency is really a good idea and a good start.
i don't think cryptocurrency would grow if no one would buy or invest on it.

Just follow one of the rule "Invest what you can afford to lose"

That's right! I think some people are just too desperate about their failures then they can't believe in any cryptocurrencies! I have to make it clear that there are bad projects but there are good ones also! Consider carefully when you invest in a project! Investing is a hard task that requires a lot of proper knowledge and skills, but if you know how to do it right, you'll receive the reward properly!

Bes19

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Activity: 1002

Merit: 112

So you mean to say we should just wait and earn crypto? coz for me investing in cryptocurrency is really a good idea and a good start.
i don't think cryptocurrency would grow if no one would buy or invest on it.

Just follow one of the rule "Invest what you can afford to lose"

mydona

newbie

Activity: 23

Merit: 0

Quote from: infocoino on August 12, 2020, 05:55:34 AM

Quote from: riso2015 on August 12, 2020, 01:44:49 AM

Quote from: Metall303 on August 11, 2020, 11:19:54 AM

Quote from: ?? on ??

investing in crypto carries a high risk could suffer a big loss but if you are ready to accept the risk then investing can be done because those who understand and have skills in the field of crypto investment will easily get profit

it is important to understand that high risks are also very high returns. the main thing is to make a correct analysis of the direction in which you want to invest money.

If you only choose coins in top 10-20 then I think it's not too big risk that we will face. Indeed, investing in Crypto is a very high risk if you choose Hype coins, which have a pump and dump. Some beginners like hype coins, because they think it will be easy to get profit.

this can be like levels in games, by the time you get older in market you may dive deeper in the list, making potentially more profit if you have the enough experience and funds, of course, it is a broad rule in the investment you should always invest using spare money to be able to lose it without losing your life. this makes your trade with a better clearer mind and calmer head.

but if your level goes up and you stay on the top 10-20 of the list, you can still make a better profit than you were doing in the past with your lower level Wink

I loved the part of describing it in levels as games, it is how I have been always seeing it, I am a gamer too, all my day is trading and gaming. I know a lot of gamers successful in trading, there is a connection IDK what it is but it is a common factor between some of the successful traders, maybe because in games we are trading virtually too Cheesy

IDK but I love it trading in crypto and in games

infocoino

newbie

Activity: 21

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Quote from: riso2015 on August 12, 2020, 01:44:49 AM

Quote from: Metall303 on August 11, 2020, 11:19:54 AM

Quote from: ?? on ??

investing in crypto carries a high risk could suffer a big loss but if you are ready to accept the risk then investing can be done because those who understand and have skills in the field of crypto investment will easily get profit

it is important to understand that high risks are also very high returns. the main thing is to make a correct analysis of the direction in which you want to invest money.

If you only choose coins in top 10-20 then I think it's not too big risk that we will face. Indeed, investing in Crypto is a very high risk if you choose Hype coins, which have a pump and dump. Some beginners like hype coins, because they think it will be easy to get profit.

this can be like levels in games, by the time you get older in market you may dive deeper in the list, making potentially more profit if you have the enough experience and funds, of course, it is a broad rule in the investment you should always invest using spare money to be able to lose it without losing your life. this makes your trade with a better clearer mind and calmer head.

but if your level goes up and you stay on the top 10-20 of the list, you can still make a better profit than you were doing in the past with your lower level Wink

riso2015

sr. member

Activity: 1246

Merit: 254

Trphy.io

Quote from: Metall303 on August 11, 2020, 11:19:54 AM

Quote from: ?? on ??

investing in crypto carries a high risk could suffer a big loss but if you are ready to accept the risk then investing can be done because those who understand and have skills in the field of crypto investment will easily get profit

it is important to understand that high risks are also very high returns. the main thing is to make a correct analysis of the direction in which you want to invest money.

If you only choose coins in top 10-20 then I think it's not too big risk that we will face. Indeed, investing in Crypto is a very high risk if you choose Hype coins, which have a pump and dump. Some beginners like hype coins, because they think it will be easy to get profit.

GarenCoiner

newbie

Activity: 21

Merit: 1

Quote from: Metall303 on August 11, 2020, 11:19:54 AM

Quote from: ?? on ??

investing in crypto carries a high risk could suffer a big loss but if you are ready to accept the risk then investing can be done because those who understand and have skills in the field of crypto investment will easily get profit

it is important to understand that high risks are also very high returns. the main thing is to make a correct analysis of the direction in which you want to invest money.

I have to say that in crypto it is more like the market, where you can lose really big loss, actually in crypto if you invest in scammy coin or a bad project you can lose up to 100% of your money, this ofc means you are not watching your investment correctly.

but some have jobs and still learning or doing this as a side project while there is a lot of other responsibilities, that is what is making crypto much harder and yes it gives a lot of profit but it is also taking a lot of time and focus and eating your brain, it is not for free unless you are the super lucky one who just heard about the crypto and bought right before the bitcoin jump

Metall303

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Oikos.cash | Decentralized Finance on Tron

Quote from: ?? on ??

investing in crypto carries a high risk could suffer a big loss but if you are ready to accept the risk then investing can be done because those who understand and have skills in the field of crypto investment will easily get profit

it is important to understand that high risks are also very high returns. the main thing is to make a correct analysis of the direction in which you want to invest money.

erikoy

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Activity: 686

Merit: 125

Quote from: robattfield on August 11, 2020, 09:16:53 AM

Quote from: ?? on ??

investing in crypto carries a high risk could suffer a big loss but if you are ready to accept the risk then investing can be done because those who understand and have skills in the field of crypto investment will easily get profit

The more the risks, the more profit we will have, that is the rule when it comes to investing. So take the risks and do your research before investing in this market, you will be successful with it.

The more losses also will do when the risk is higher. This sounds like a gambling but if you have chosen the right crypto then one can still earn high along with good patience and understanding of the invested coin. I mostly suggest to invest in bitcoin but also it could be good to other altcoins that are having good market capitalization and good market volume. You can also take some references on their rank according to market capitalization that could be seen in coinmarketcap.com. This is only just reference but it is up to you on why and what crypto you will be chosen for your investment.

robattfield

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Quote from: ?? on ??

investing in crypto carries a high risk could suffer a big loss but if you are ready to accept the risk then investing can be done because those who understand and have skills in the field of crypto investment will easily get profit

The more the risks, the more profit we will have, that is the rule when it comes to investing. So take the risks and do your research before investing in this market, you will be successful with it.

FaucetKING

sr. member

Activity: 1246

Merit: 306

C U

You're right! peoples and especially newbies with no investment/trading skills joins the ship of cryptocurrency willing to make a fortune with no skills, no funds, no knowledge and even with no luck on their side they end up losing all their "limited capital" doing wrong movements, following the hype and the FOMO. I advice peoples to be more reasonable, only afford what they can lose as this field isn't easy to deal with. Even in the Corona period, there's a higher risk of market volatility, unstable trading experiences which is even making the story sound more worse. If we really respect knowledge as a concept, we won't lose, we instead learn and when the time comes there's alots of profits awaiting to be grabbed by the ones who really study the market like it should be done.

GarenCoiner

newbie

Activity: 21

Merit: 1

Quote from: saint_casanova on August 10, 2020, 05:58:11 AM

I think the current crypto market is quite healthy. Everyone wants to 'get rich quick' attitude so that ain't for the crypto people alone. If this works for the real world out there, why not for crypto? Business is thriving because of 'get rich quick' and you have to spend a huge amount of effort to able making a fortune in your life. 'get rich quick' attitude doesn't mean there are no efforts or hardships in it, that is what I want to tell you.

exactly, it is not different from real-world projects crypto is not a virtual world it is just a crypto type of business still a business and still an investment. we can't keep saying everyone should learn before investing, if we all learn and we all buy n time there will be no profit

the profit comes from the loss of someone else, it is a rule written by me inspired by "Law Of Conservation Of Energy"

saint_casanova

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I think the current crypto market is quite healthy. Everyone wants to 'get rich quick' attitude so that ain't for the crypto people alone. If this works for the real world out there, why not for crypto? Business is thriving because of 'get rich quick' and you have to spend a huge amount of effort to able making a fortune in your life. 'get rich quick' attitude doesn't mean there are no efforts or hardships in it, that is what I want to tell you.

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