How to lose money in cryptocurrency ( Episode 1)

[Josemendez]

The simple way to lose money in cryptocurrency investment is to look for one asset that doesn't have popularity and invest your money in them. Just make sure you buy them in large quantity.

Why will you advise someone to do so ? . The post was aimed at educating people on the best way to avoid losing money in their cryptocurrency journey. No one wants to lose money.

 

[mcjerry]

If you invest in the right currency and if you invest for the long term, I think you don't actually lose money in crypto currency. You should not worry about the dip, instead have patience.

You are about that. If we can study the market and study some coin of our choice and we study them well. We will see that if we invest in a coin that are doing well. We will surely earn huge profits investing in long term

 

[Nomad]

If you don't have patience you will lose money in crypto currency. let say you bought bitcoin when it was $50,000 and then it dropped and become $40,000. If you sell when the value goes down you will lose money. However, if you are patient and can wait until Bitcoin cam become $60,000, you will profit from Bitcoin

 

[Josemendez]

If you don't have patience you will lose money in crypto currency. let say you bought bitcoin when it was $50,000 and then it dropped and become $40,000. If you sell when the value goes down you will lose money. However, if you are patient and can wait until Bitcoin cam become $60,000, you will profit from Bitcoin

That's just it , people fail to understand this and they end up criticizing cryptocurrency whereas they are the very cause of it all.

 

[kayode10]

Simple way to lose money with cryptocurrency investment is to invest huge amounts of money blindly in any kind of your choice. Very soon you will discover that you don't make profit with your investment.

 

[Josemendez]

Simple way to lose money with cryptocurrency investment is to invest huge amounts of money blindly in any kind of your choice. Very soon you will discover that you don't make profit with your investment.

Nobody throws money out like that . Every business one can do involves the person knowing the business . People may easily throw money out in cryptocurrency but not huge amount of money

 

[Thinker009]

Thanks for the enlightenment ,I think all we need to put more effort into is to make sure we invest in the right coin to earn some amount of money and choose the best trading strategy

 

[Kelly5]

To better make your post and writup better understood by especially the newbies into the cryptocurrencies space, may be all these terminology abbreviations should rather be fully spelled out to avoid one been lost in the process trying to understand the abbreviation alone

 

[ahmedo24]

To invest in coins isn't that easy if one must invest right for a significant profit taking into consideration reasonable risk. If a coin a launched by a good company with track record one can confidently invest. Developers of Mantradao, Cardano, ethereum , ripple etc are reputable and reliable.

 

[Sotherefore]

I don't really understand all this and I believe anyone that is interested to invest or trade cryptocurrency should follow the natural process of trading and Investment, with this the risks of you losing in any of those two will be extremely small

 

[Sincerem]

Cryptocurrency is really a complicated process that every interesting individual must dedicate his or her time to learn. We just have to try as much as possible to avoid anything that could lead to lost. It is never a funny experience.

 

[Chibson]

sometimes patience is actually needed in order to make reasonable profit from any cryptocurrency. One of the major reasons a lot of people and not making profit is because whenever they buy a particular cryptocurrency, they will be emotionally attached and therefore they will sell at losses.