Reasons some don't make profit in Crypto currencies.

[Hena101]

The reason why some people don't get profit in crypto currency is because they mainly focus on investing in popular currencies not minding the price of the small coins in the market and this make not get profit from it.

 

[Chibson]

The main reason a lot of people don't profit in cryptocurrency is because they don't have proper knowledge and understanding of how it works.

 

[Hena101]

The major reason why most Investors don't make money from crypto currency exchange Business is that most of them are not ready to invest in knowledge before they invest in the market. Another reason is lack of patience, most people wants to make money immediately from the market without having any patience for the market

I strongly agree with most people come with the mindset of getting rich quickly with crypto currency so they don't spend time to acquire knowledge and then they are inpatient.

 

[kayode10]

One of the reason is that majority of them lack fundamental of investing in cryptocurrency. Some of them things you know what really drives the price of cryptocurrency in the market. This makes them invest in any cryptocurrency blindly without doing any investigation.

 

[Blessingedidiong]

Most people don't make profit in crypto because they do not have enough knowledge about crypto currency and are not patient to learn about crypto currency. Another reason is they want to invest on the bigger coins and when those coins fall in price,they get seriously affected.

 

[Shigobad2020]

The number of people joining the Crypto currency league are on the rise daily due to different postive reviews from others already in it but sadly some join the league and lost out.
The reasons could be:
1) lack of knowledge of Crypto currencies
2) Focus on bitcoin alone , this is as result of the first point, most people don't know any other coin other than bitcoin so they just push money into it , honestly Small Investors can make money from bitcoin Investment for instance you invest $20 into bitcoin now for you to get $10 bitcoin must be around $50,000 which may take time .

3) Fear to invest in small coins.

Lackn of knowledge in crypto currency is the main reason why people fail to make profit in the crypto business and investment, you first need to make research and knows everything that needed to be known before investing in cryptocurrency coin.

 

[ahmedo24]

Lackn of knowledge in crypto currency is the main reason why people fail to make profit in the crypto business and investment, you first need to make research and knows everything that needed to be known before investing in cryptocurrency coin.

Yeah because these are the parameters that will guide and Inform you of how to trade or invest into cryptocurrencies at the right.

 

[Stylex]

Reasons why people don't get profits in crypto currency
There are many many reasons why people don't get profits in crypto currency the knowledge is complicated

 

[Bookwormlux]

Another reason some don't make profits is that they do not explore other trading options like futures trading that is very profitable and they focus on spot trading only.

 

[Setho]

A lot of people who I see who trade cryptocurrency do not know anything about Rick's management and you do not know anything about taking profit or stopping loss and that makes them to loose money.

 

[Bousine123]

The number of people joining the Crypto currency league are on the rise daily due to different postive reviews from others already in it but sadly some join the league and lost out.
The reasons could be:
1) lack of knowledge of Crypto currencies
2) Focus on bitcoin alone , this is as result of the first point, most people don't know any other coin other than bitcoin so they just push money into it , honestly Small Investors can make money from bitcoin Investment for instance you invest $20 into bitcoin now for you to get $10 bitcoin must be around $50,000 which may take time .

3) Fear to invest in small coins.

I think impatience plays a major role as to why people don't become profitable in cryptocurrency trading. Just like any other business you still have to excercise patience.

 

[Shigobad2020]

For me I have not invested in cryptocurrency simply because I don't have the financial wherewithal to do that right now due to the much bills that I have to settle all the time. I really want to invest in cryptocurrency in fact I am planning to invest in cryptocurrency in the next one month or so.

That's the reason why many people don't invest in crypto currency, they just don't have the financial capability to do so because they have many responsibilities at hand.

 

[akinlolu99]

Wanting to make money from crypto is not something someone should expect instant profit from because its something that takes time to grown and if not careful someone could incur loss in it so it is best for one to be patient because patience goes a long way when it comes to crypto and that is something a lot of people don't have anymore now adays

 

[Ceeny007]

Some people don't make profit because they don't take profit,I think if you see a gain above your initial investment you should take it and not wait to accumulate because it might dip and you end up loosing out

 

[Setho]

I have seen a lot of people who have made losses and cryptocurrencies before and a lot of them have important and that is they do not take risk management and technical analysis very serious.

 

[Alexandoy]

Some people don't make profit because they don't take profit,I think if you see a gain above your initial investment you should take it and not wait to accumulate because it might dip and you end up loosing out

Maybe what you mean is when their holdings have reach a point of higher market price they should sell. Some may not sell and then the market price goes down so it is like losing the opportunity of making a profit. Am I correct in my assumption on what you are saying?

 

[Setfragil]

The reasons why some people do not make profits in cryptocurrency is because they want profits immediately they invested in cryptocurrency. Cryptocurrencies investment is a long term investment and one must exercise patience if you want to be successful in it.

 

[Ralphjoe]

That's the reason why many people don't invest in crypto currency, they just don't have the financial capability to do so because they have many responsibilities at hand.

I completely understand that and now I have come across a good application the promises one to trade cryptocurrency online on their behalf and since I've discovered that I have made a promise to myself that any amount of money that I am able to gather I will use it to invest into the application.

 

[Ceeny007]

Maybe what you mean is when their holdings have reach a point of higher market price they should sell. Some may not sell and then the market price goes down so it is like losing the opportunity of making a profit. Am I correct in my assumption on what you are saying?

Maybe what you mean is when their holdings have reach a point of higher market price they should sell. Some may not sell and then the market price goes down so it is like losing the opportunity of making a profit. Am I correct in my assumption on what you are saying?

Maybe what you mean is when their holdings have reach a point of higher market price they should sell. Some may not sell and then the market price goes down so it is like losing the opportunity of making a profit. Am I correct in my assumption on what you are saying?

Exactly

 

[Bousine123]

The reason why some people don't get profit in crypto currency is because they mainly focus on investing in popular currencies not minding the price of the small coins in the market and this make not get profit from it.

I think the short answer to this question is impatience. Investing in crypto takes a lot of time and market ups and downs to reap the reward. If you are compulsive or impatient, don't go for it.