Reasons some don't make profit in Crypto currencies.

[Agbalagbaa]

Investing in cryptocurrencies involves very high risk, as prices have been extremely volatile. Many experts are sceptical about bitcoin as an investment primarily because there is nothing for them to analyse.There isn’t enough of an ecosystem surrounding bitcoins to allow fundamental analysts to study it as an investment. People are therefore investing with imperfect information and joining the herd of speculators.” Since these cryptocurrency prices are not regulated, as more people enter the market lured by the high prices, the prices climb ever higher. This might lead to formation of a bubble that will eventually burst and cause widespread losses.

 

[Mostee501]

I strongly believe that one of the main reasons why some people don't make profit from cryptocurrency is lack of acquiring adequate information/knowledge on they various digital coins.

 

[ahmedo24]

I strongly believe that one of the main reasons why some people don't make profit from cryptocurrency is lack of acquiring adequate information/knowledge on they various digital coins.

Fear of missing out is usually their biggest challenge, they are not patient because they are always scared of loosing money not knowing that cryptocurrency require patience.

 

[Mostee501]

Fear of missing out is usually their biggest challenge, they are not patient because they are always scared of loosing money not knowing that cryptocurrency require patience.

That fear of losing money and becoming hasty is their biggest mistake because cryptocurrency requires serious attention when acquiring knowledge o the investment you want to do.

 

[Setfragil]

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.

You are right, you will never make reasonable profits in cryptocurrency if you are not patient enough to hold your investments for a period of time when the price of your coin and tokens will increase in value.

 

[ahmedo24]

I have not seen any one who has been patient in holding cryptocurrencies without making profit in the end so basically it is all about patience.

 

[Nomad]

In my opinion, one of the main reasons why some people do not make money with cryptocurrency is because they are impatient and panic sell. You should not be afraid of price going down, you need to wait patiently until price goes up again.

 

[mcjerry]

The main reason newbies are lossing there money on crypto currency is because they lack know of crypto currency. They just hear that the price is increasing and they just buy and when the price decreased they will decide that they have lost and sell the remaining coin. They did not study the coin to know when to buy and sell

 

[Hena101]

The reason why some don't make profit from crypto currency is because they don't know the good coin to invest at time and dome is because of greed.

 

[Kelly5]

Most people don't make any profit out of their cryptocurrencies transactions and dealings because they have some misconstrued notions of what cryptocurrency really is and how it works

 

[jeff87]

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.

I also plan to heavily invest my money into cryptocurrency. My problem is also the finances to invest in cryptocurrency trading. I really would like to become a professional cryptocurrency trader. I really need to have a big amount of capital like millions of dollars. I do not know where to get it.

 

[Kelly5]

Cryptocurrency trading and investment is not what you rush into with all the make profit fantasy you've already brought into the trading arena. You take your time to observe the market and see trends before making a trading decision

 

[ahmedo24]

One good thing again is to know the history of a coin before trading or Investing in it, I now a coin that is currently trading at $0.0013 and it all time high value was $0.32. You can imagine the gain with patience investing in this coin.

 

[Ralphjoe]

I also plan to heavily invest my money into cryptocurrency. My problem is also the finances to invest in cryptocurrency trading. I really would like to become a professional cryptocurrency trader. I really need to have a big amount of capital like millions of dollars. I do not know where to get it.

You don't need up to millions of Dollars to start out as a professional cryptocurrency trader in that you can use at least $200 to start up your journey of becoming a professional cryptocurrency trader.

 

[Dora Wi]

I strongly believe that one of the main reasons why some people don't make profit from cryptocurrency is lack of acquiring adequate information/knowledge on they various digital coins.

I agree. In addition, many people fail because they don't have a plan when they go into a trade. Making a plan also requires knowledge, and I think it is very important because planning can stop you from making rash decisions out of fear or greed.

 

[Alexandoy]

In my opinion, one of the main reasons why some people do not make money with cryptocurrency is because they are impatient and panic sell. You should not be afraid of price going down, you need to wait patiently until price goes up again.

I think that issue of panic sell is the reaction of an investor with no extra money. If his investment in crypto is his food allowance for next week then he would be selling before that day whether he likes it or not. As the saying goes, you do not lose in trading if you will not sell.

 

[Kingstone]

Exactly. The first mistake is not to invest in their knowledge. If you are not taught crypto, losses will teach you the hardest way. So to avoid that, be truly informed about crypto. Then over-dependency on BTC is bad too.

 

[Chizfab]

Those that do not conduct thorough researches on these coin especially shit coins are the ones that investing in Bitcoin alone without looking for other great coins to invest due to laziness and ignorance. Also, those one who are so anxious to profit on any investment the make no matter how small the profit is, they lack foresight to wait.

 

[Skysaint]

Well, one of the reasons I could think of is that some people do like investing alot in new coins that are still fighting to be recognized in the crypto world. Such coins do not normally make it as different coins are popping up by the day

 

[Sotherefore]

Well, one of the reasons I could think of is that some people do like investing alot in new coins that are still fighting to be recognized in the crypto world. Such coins do not normally make it as different coins are popping up by the day

Hmmmm, cryptocurrency generally is very difficult for people to make money especially if you don't have any background understanding about how it really work. expert at the only people that are making money in cryptocurrency trading.