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Topic: Number One Reason NOT to invest in Crypto - page 16. (Read 2419 times)

sr. member
Activity: 756
Merit: 252
January 17, 2018, 03:38:44 PM
#84
I can understand the frustration but there had to be something you've done wrong OP. You made a mistake by trusting a third party site or clicking a phishing link and your money got stolen. Do you honestly believe that if you make a similar mistake in real life , like leave your keys in your car door, nobody will take advantage of you?
Lavs never discouraged people from breaking them.
Damn right, times like the one op is passing through, we're always quick to point accusing fingers at others and things and failing to see that at the same time, three other fingers points right back at us.

OP, you must realize anger manages everything badly, your problem isn't cryptocurrency as you must have believed in it to have committed up to a quarter of a million dollars in it. Problem always is with this creature called humans - a handful can be quite terrible but there are still good ones and everyone owes it to themselves to be on guard and always aim to be a step ahead of the bad eggs in whatever one finds to do!
Correct, one of the biggest problems with people is that they do not understand that you cannot treat cryptocurrencies like you treat every other digital thing, most of the time in the past I did not cared about viruses since I had nothing of value in my computer, but now I have bitcoin and I do my best to make sure my computer is always clean.
newbie
Activity: 15
Merit: 0
January 17, 2018, 10:33:39 AM
#83
Number One Reason NOT to invest in Crypto is instability.
Price volatility is insane.  Undecided
full member
Activity: 128
Merit: 100
January 17, 2018, 10:09:12 AM
#82
Have I said Fuck You to Cryptocurrency yet today? 
newbie
Activity: 27
Merit: 0
January 17, 2018, 09:10:49 AM
#81
I think there's no number one reason aside from the fact that the risk is so high, also there is so many fake investing website.
legendary
Activity: 1176
Merit: 1024
January 17, 2018, 03:08:02 AM
#80
Off course my number one reason is trust. ICOS most times are not trustworthy. They pretend to be going forward even stated in their white paper but some never get to be listed while others hardly grows after managing to get on an exchange.
But you can trust into lots of highly established that cryptos if you are concerning about the risking your money into new projects. I do see many people are making good money just by trading only established coins rather than looking into new ICOs.

Investing into crypto has two different aspects like anything else : risking with new projects which will be giving high-risk and high profits and the second one is a risking with known projects, it will be giving moderate profits and comes with moderate risk levels. In my opinion there cannot be any reason for not investing into crypto as per the current situations of investment opportunities.
member
Activity: 1302
Merit: 25
January 17, 2018, 02:29:27 AM
#79
Off course my number one reason is trust. ICOS most times are not trustworthy. They pretend to be going forward even stated in their white paper but some never get to be listed while others hardly grows after managing to get on an exchange.
member
Activity: 518
Merit: 11
HODL
January 17, 2018, 02:23:25 AM
#78
I think there is a possibility that the cryptocurrency works well in countries and regions where banking functions are not well developed.
I think that I would like to expect the most from block chain technology and its concept.
The cryptocurrency market is not for those who do not have the knowledge of this market because you will probably lose a lot, do not invest just because you hear the other big winners in this market, you just can not lucky to succeed. Be serious about trading in the crypto market, as it is a profitable but potentially risky market.
newbie
Activity: 34
Merit: 0
January 17, 2018, 12:48:30 AM
#77
Well we should be smart to get away from scammers, but now the exchanges and the transaction fees that we have to bear is too much for small time traders.
newbie
Activity: 28
Merit: 0
January 16, 2018, 11:21:26 PM
#76
If your bank account is hacked and your money is stolen; will you say banking is fraud, don't put money in banks?

For unsophisticated investors, yes.
jr. member
Activity: 178
Merit: 3
January 16, 2018, 11:11:39 PM
#75
This is a shabby market that needs to study it!
full member
Activity: 195
Merit: 100
January 16, 2018, 09:27:00 PM
#74
member
Activity: 434
Merit: 10
January 16, 2018, 08:55:31 PM
#73
Number one reason could be it will give you an headache due to earning so much money that you can't even explain to your friends or relatives Cheesy
seriously, i don't see any reason at all why, it's a good opportunity and it is a chance for all to have a good fortune.

Well, I agree on some on your point dude, but somehow since you earned so much money I think you have enough knowledge to explain to your friends or relatives. On my opinion, all you have to do is to follow up who those friends or relatives that you already explained to them qnd show your evidence that you earned. Also, base to my experience I don't invest money on this kind of on line job. All I have is to give spare time on this job which set as my side line compare to my regular job which as of this time already reached my monthly salary to my regular job.
legendary
Activity: 3094
Merit: 1127
January 16, 2018, 04:39:16 PM
#72
There are many here became so wealthy investing into crypto currencies. Its the best coins need to be chosen. Go through the market sites especially coinmarketcap.com. Study and analise the growth trend of last 12 months and invest choosing the correct coin.

I can come across people sharing the experience of their trading and percentage of profit they gained. So its us responsible to study and choose the correct crypto currency.
If we do decide to join up on this trend like on trading cryptocurrencies then its our responsibility on doing our own homework which is studying and analyzing on things like on searching up coins which do have potential.Earning possibilities here is big but the risk would entirely depending on how you would able to manage.

Well if you are being robbed, then we cannot do about that, we cannot traced even a single information of the scammers and that is the reality here in crypto currency.
Its really the sad fact that we cant do anything about it this is why we should really be careful and be aware into things we are doing online. scammers are everywhere lurking in the shadows.
full member
Activity: 238
Merit: 106
January 16, 2018, 01:06:49 PM
#71
When you're being scammed with some crypto banking, you can't even report to the authority. Its the main reason for us to invest in crypto so many risk to face like that. The authorities don't even care about cryptocurrency maybe you can show evidence but its hard to explain when people doesn't know about this things.
full member
Activity: 280
Merit: 101
Blockchain with a Purpose
January 16, 2018, 09:12:05 AM
#70
Well if you are being robbed, then we cannot do about that, we cannot traced even a single information of the scammers and that is the reality here in crypto currency.
newbie
Activity: 18
Merit: 0
January 16, 2018, 04:44:38 AM
#69
If your bank account is hacked and your money is stolen; will you say banking is fraud, don't put money in banks?
hero member
Activity: 882
Merit: 517
cloverdex.io
January 16, 2018, 03:13:47 AM
#68
There are many here became so wealthy investing into crypto currencies. Its the best coins need to be chosen. Go through the market sites especially coinmarketcap.com. Study and analise the growth trend of last 12 months and invest choosing the correct coin.

I can come across people sharing the experience of their trading and percentage of profit they gained. So its us responsible to study and choose the correct crypto currency.
hero member
Activity: 1400
Merit: 536
January 15, 2018, 08:21:29 AM
#67
People are using it to invest in the crypto money, but over time due to user errors and price drops, the positive expectation turns negative. At the moment, Bitcoin's situation supports me. I think uninformed people are harming the crypto paralysis.
newbie
Activity: 3
Merit: 0
January 14, 2018, 07:08:04 AM
#66
I think there is a possibility that the cryptocurrency works well in countries and regions where banking functions are not well developed.
I think that I would like to expect the most from block chain technology and its concept.
full member
Activity: 448
Merit: 100
January 13, 2018, 09:27:56 PM
#65
Number one reason could be it will give you an headache due to earning so much money that you can't even explain to your friends or relatives Cheesy
seriously, i don't see any reason at all why, it's a good opportunity and it is a chance for all to have a good fortune.

That's also my huge problem right now. I'm currently unemployed and I want to buy a house now but I don't want to create gossips because they won't even understand it even if I explain so I'm waiting for the national news to tackle this so people will be enlightened that it's not something illegal.
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