No where is actually safe | Bitcointalksearch.org

Mahanton

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Quote from: Smitty Werben Man Jensen on February 14, 2022, 01:11:07 AM

Quote from: Alisha-k on February 14, 2022, 12:51:55 AM

Quote from: Darker45 on November 26, 2021, 08:37:35 PM

You know what, I don't agree. The rule is actually simple; you buy Bitcoin and keep it safe. That's all there is to it. What's not easy with that?

The thing is that people are complicated. We want to trade. We want to analyze charts, develop patterns, make strategies on the best entry and exit points, and so on. We want to invest in altcoins for better opportunities. We get into ICOs, IDOs, DeFi, staking, and so forth. And we are emotional, too.

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

no doubt mere hodling is the easiest form of making money in the crypto world, but remember, it's different strokes for different persons, you may see hodling as the best thing to do, whereas the person next to you doesn't reason that way and they can't not be blamed because everyone is supposed to work with what favours them, right??

I don't think so because I think hodling needs to have a lot of patience and not everyone has that,
especially in conditions like now sometimes they panic and then sell their assets,
hodling can indeed be profitable if the coins you have are potential coins

Speaking of holding then this would really be only worth if you are dealing with potential coins, but how you would able to know if they are really that having that potential? No one really knows right?
Its true that not everyone would really be having the patience on holding for long term and thats why decisions made would really be mostly ending up like this.Speaking of assurance and guarantees
then you shouldnt really be having this kind of mindset because there would be no always an assurance on how things might end up.

Smitty Werben Man Jensen

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Quote from: Alisha-k on February 14, 2022, 12:51:55 AM

Quote from: Darker45 on November 26, 2021, 08:37:35 PM

You know what, I don't agree. The rule is actually simple; you buy Bitcoin and keep it safe. That's all there is to it. What's not easy with that?

The thing is that people are complicated. We want to trade. We want to analyze charts, develop patterns, make strategies on the best entry and exit points, and so on. We want to invest in altcoins for better opportunities. We get into ICOs, IDOs, DeFi, staking, and so forth. And we are emotional, too.

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

no doubt mere hodling is the easiest form of making money in the crypto world, but remember, it's different strokes for different persons, you may see hodling as the best thing to do, whereas the person next to you doesn't reason that way and they can't not be blamed because everyone is supposed to work with what favours them, right??

I don't think so because I think hodling needs to have a lot of patience and not everyone has that,
especially in conditions like now sometimes they panic and then sell their assets,
hodling can indeed be profitable if the coins you have are potential coins

Alisha-k

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Quote from: Darker45 on November 26, 2021, 08:37:35 PM

You know what, I don't agree. The rule is actually simple; you buy Bitcoin and keep it safe. That's all there is to it. What's not easy with that?

The thing is that people are complicated. We want to trade. We want to analyze charts, develop patterns, make strategies on the best entry and exit points, and so on. We want to invest in altcoins for better opportunities. We get into ICOs, IDOs, DeFi, staking, and so forth. And we are emotional, too.

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

no doubt mere hodling is the easiest form of making money in the crypto world, but remember, it's different strokes for different persons, you may see hodling as the best thing to do, whereas the person next to you doesn't reason that way and they can't not be blamed because everyone is supposed to work with what favours them, right??

FairUser

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bit.ly/3QXp3oh | Ultimate Launchpad on TON

Anyway, since the laws of operation exist in life, we can't expect things to go our way when bigger problems arise. Good awareness is more beneficial and conversely, we live in a crypto environment where we can greatly benefit from that knowledge, but there are many other things out there that cover all of this. It may be a bit rambling, but I think if people live well on their spiritual pursuits, the matter of material things will gradually no longer have much meaning, I hope that day will come soon to mankind

DrBeer

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Quote from: Zilon on November 26, 2021, 04:04:13 PM

Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.

I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.

If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses

This is not an order to act, this is my point of view, which I like and which I consider to be quite correct.
So about the main thing: if you have already decided to do business, or rather create channels for generating additional income, then develop several, independent areas. This is called DIVERSIFICATION. On the one hand, this will reduce the risks of bankruptcy, on the other hand, the "first business" can become a sponsor of the "second business" or a source of subsidies for a new business.

Maestro75

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Quote from: Zilon on November 26, 2021, 04:04:13 PM

although one can attest to the fact crypto isn't ponzi

You can only be sure that bitcoin is not ponzi, but not the entire cryptos. Even with that there are people and establishments that also use bitcoin for ponzi schemes. It all depends. People use concepts differently and I do not see why it is a problem if they do same with cryptos. If we must say what is right, no financial investments gives the type of profit cryptocurrency gives. It has made many millionaire and set more free financially but people have to be careful going into it. Invest wisely to avoid regrets.

TheEconomists

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I don't believe there are people out there leaving their businesses for crypto currency just because of the hype on social media and around the globe. Remember that so many negative news are out their against Bitcoin and crypto currency in general, in the lite of that one can't really say that many people are leaving their businesses for crypto currency. There are many people who have lost a lot of money in the name of crypto currency investment too.

Hamphser

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Quote from: ?? on ??

I understand that most of the people joining crypto are hardly driven by their interest to earn or profit from it due to its growing value. They may think its easy but surely not. It is not safe, its risky. Its better to learn before getting in and hopefully not in a hurry to skip and earn. You might end up losing what you've worked hard for.

but on the other hand things like this are very difficult to do because human nature does have ambition and greed that makes them naive. we can see a lot of beginners who don't really know how to work here but immediately enter the market with a fairly shallow assumption because they think that what they invest can be profitable without doing calculations first and the results can be ascertained that they failed in that regard. .
they realize that learning is the most important thing before doing anything but they are too naive and few of them think about it

Even us when we are just starting on where we do really have that kind of mindset on which you do really believe that making money or getting profits is easy but its not how simply as it sounds.

We us humans do really much prefer on looking the best and the most easiest way as possible but once reality do really make you realize that not how thing works.
You would really need to put up some effort before you could able to attain things because assumptions that everything is easy would just turn out to be
a frustrating thing.

Rockstarguy

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One of the problem with some beginners is assuming that they can make cool money as they begin to trade cryptocurrency, and some of them abandon their job and business with the mindset that cryptocurrency is the new job they found to make money. They make wrong decision by trading with all the money on them without having knowledge about cryptocurrency and knowing that it is not proper to think that cryptocurrency can be a source of income one needs to depend on.

Mauser

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Quote from: Zilon on November 26, 2021, 04:04:13 PM

I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.

If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses

You are right that there is no guarantee in crpyto currencies, but the same goes for businesses. Having your own business doesn't mean you are rich, it can be a big problem if it's failing and you are going into debt trying to save it. I think that almost all business owners can tell you they need to work harder than the average employee, need to invest more time, energy and nerves to keep it running. With crypto currencies we don't have such big problems. For me crypto coins, as almost any other thing in life, requires work to be successful. With out real effort is not going to work. Like you said, just buying a few coins and thinking we will become rich overnight is wrong and not realistic. In trading and investing we need to manage our expectations and not focus on greed.

Oasisman

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Quote from: coinmanhere on January 30, 2022, 11:45:15 PM

My personal feeling this viewpoint is what making crypto more volatile and hence more riskier to invest. It is pretty much fomo like iPhone "hey everyone has iPhone so i gotta have iphone too" so whether they understand it or not they just enter and 5 minutes later they start having loss they withdraw screaming "cryptocurrency is scam"

Nah I dont think these people affects the volatility of Bitcoin and other alts. Their share and contributions in crypto space ain't huge enough to make a significant effect on the market. Volatility is caused by volume traders and whales trying to buy and sell massively.
Those weakhands and greedy ignorant doesn't really cause a huge portion of crypto's volatile nature.

Ryker1

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Well this is only my own opinion --if you buy crypto out of the excitement of getting a huge amount of fiat, thinking of it as easy money without knowing it better first by researching, they will not get profit but instead, they will get panic when seeing the price goes down, and this is where we conclude nowhere is safe in investing with crypto. Not everyone who invested in crypto will have profit, especially if you invest without experience or the right knowledge, it will surely be a loss. However, if you invest with the right knowledge, time, and patience while you are holding it for a long time, and keeping it safe, it will turn out as a safe way to make money on crypto.

Dunamisx

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You can't compare cryptocurrency with other form of businesses, yes because in whatsoever profession one finds itself it requires experience and expertise before it can be worth standing out among others, in building a credible business, one need to make some sacrifice devoting their time, intellect, funds and active involvement, nowhere is actually safe but everywhere could be safe if we work it out to be.

coinmanhere

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My personal feeling this viewpoint is what making crypto more volatile and hence more riskier to invest. It is pretty much fomo like iPhone "hey everyone has iPhone so i gotta have iphone too" so whether they understand it or not they just enter and 5 minutes later they start having loss they withdraw screaming "cryptocurrency is scam"

lienfaye

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Quote from: ReiMomo on January 28, 2022, 12:34:19 PM

Everyone has recently seen Bitcoin's growth last year and as well as seen many investors gain a lot from it. Hence yes we have too many investors leaving their business and investing in Bitcoin with all their money they have. But yes many here know it's too risky to invest in Bitcoin but they blindly believe that holding Bitcoin will certainly will bring in more profits. But yes nothing can be assured of.

Some people who think its easy to earn when you invest in Bitcoin are those who witnessed the drastic increased on the price of Bitcoin last year. They tend to go with the flow not knowing the price can also fall like whats happening currently whereas the market is having a hard time to recover consistently.

The reason why its important to gain knowledge first before investing because not all the time the market will go as planned. Red days are inevitable so if you dont have long patience you might panic and sell at loss. Its similar in traditional business, people should have patience because the fruit of our hardwork cant be seen overnight.

Mahanton

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Quote from: globalpain on January 28, 2022, 02:37:42 AM

Quote from: Rockstarguy on January 27, 2022, 03:39:36 AM

Cryptocurrency is not as easy as most people think. Even if one buy a coin to hodl, if the person don't have patient mind to wait to make profit the person may decides to sell it , also if the person don't have a job as a source of income the person won't be able to wait and may decide to sell it to solve problems.

It's true that basically cryptocurrency can be said to be very complex because we need to do a lot of preparation in various ways for sure,
knowledge, skills and mentality play an important role and we cannot ignore it,
especially with the current conditions I think we need a lot of patience and it's not something easy

Doesnt need to go with technical aspects because there are things which that sticking with the most basic information would suffice or would be sufficient when it comes
on dealing with it.No one is safe in terms of investment and other things correlated to it because when you do put up money or anything does have value then
expect that there would be corresponding risk attached to it which you should mind off on avoiding as much as you could.

qwertyup23

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Quote from: tulusikhlas on January 05, 2022, 08:03:37 PM

Yes, that's right, no place is completely safe, there's always room for error. But we can draw conclusions from all the places which are the lowest risk. When we know there is no place that is completely safe, at least we know which place is the lowest risk level, so we can minimize the problems that will occur.
One message from me, in the world of cryptocurrency, don't trust anyone, I emphasize to anyone, including those closest to us.

The risk depends upon the research that we made as investors. Since we are dealing with investments that could either make or break our profit in the end, it is very noteworthy to mention that it is essential that we do our proper research to minimize the risks that we are dealing with. Given that investing into BTC is actually a very risky thing to do, its price history it what compels me to drive and invest further.

As someone who invested and started my journey in BTC way back in 2017, it is fairly safe to assume that investing into BTC could definitely be profitable if you withdraw in the right amount and time.

ReiMomo

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Quote from: Zilon on November 26, 2021, 04:04:13 PM

Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.

I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.

If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses

Everyone has recently seen Bitcoin's growth last year and as well as seen many investors gain a lot from it. Hence yes we have too many investors leaving their business and investing in Bitcoin with all their money they have. But yes many here know it's too risky to invest in Bitcoin but they blindly believe that holding Bitcoin will certainly will bring in more profits. But yes nothing can be assured of.

lixer

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Quote from: Rockstarguy on January 27, 2022, 03:39:36 AM

Cryptocurrency is not as easy as most people think. Even if one buy a coin to hodl, if the person don't have patient mind to wait to make profit the person may decides to sell it , also if the person don't have a job as a source of income the person won't be able to wait and may decide to sell it to solve problems.

How can they buy a crypto if they do not have a job? But, unexpected things can happen like they can loose their job and the only thing that will be left for them is their crypto investments. Selling a portion of your cryptos is not bad to be able to support your life for a while but you may need to start moving, find a job replacement as soon as possible. You may not want to use all your crypto investments did not you?

The time will come that we can relax but it would be better if we can relax while we have lots of cash in our pockets , we can buy the things whatever we want, we can travel anywhere and so on. This will be easier with the help of cryptos.

globalpain

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Quote from: Rockstarguy on January 27, 2022, 03:39:36 AM

Cryptocurrency is not as easy as most people think. Even if one buy a coin to hodl, if the person don't have patient mind to wait to make profit the person may decides to sell it , also if the person don't have a job as a source of income the person won't be able to wait and may decide to sell it to solve problems.

It's true that basically cryptocurrency can be said to be very complex because we need to do a lot of preparation in various ways for sure,
knowledge, skills and mentality play an important role and we cannot ignore it,
especially with the current conditions I think we need a lot of patience and it's not something easy

Topic: No where is actually safe (Read 1177 times)