Reasons some don't make profit in Crypto currencies.

[ahmedo24]

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.

 

[Ralphjoe]

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.

 

[Thosynho]

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.

Wow, how I so much love this informative and educative post. The major problem why lots of people don't make money in crypto currency is lack of knowledge in crypto currencies and market or trade. Other problems are linked to this.

 

[idhans]

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.

One of the major reasons why people lose money in cryptocurrency is because people bought cryptocurrencies that they don't really know their history, and then they ended up losing their money when that cryptocurrency was finally dumped. A good knowledge of cryptocurrency is very important before you start any investment.

 

[Ltherman]

The major bane of people rushing into the crypto space is the lack of knowledge about cryptocurrency generally and also the absolute concentration on just Bitcoin. Despite the potential other coins possess they don't sometime know we have over 7000 coins and more still getting listed on a daily.

 

[Kehinde]

A major problem in the crypto market is the lack of innovation by developers. There have been multiple launches of “the new Bitcoin” despite the fact that Bitcoin is still heavily in demand.

 

[KvngMurphy]

One of the major reasons why people lose money in cryptocurrency is because people bought cryptocurrencies that they don't really know their history, and then they ended up losing their money when that cryptocurrency was finally dumped. A good knowledge of cryptocurrency is very important before you start any investment.

I think you are right. But why should a person invest in something he doesn't know anything about? Its like throwing your money in a well and expecting to go eat in that 5 star hotel for free. It would really be nice if everyone gets to do analysis before investing in any form of trade

 

[Nurudeen]

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

 

[Profwriter]

Impatience sponsored by ignorance is one of the undoing of many people, some are so much in a hurry that they want to reap millions almost immediately after their investment.
Others keep moving from one cryptocurrencies to another in hopes of getting quick profits because they don't know investment into cryptocurrencies don't pay immediately and the market is not easily predictable.

 

[Yewande]

I like your second point a lot. Some focus only on bitcoin. All attention to the fact it is approximately 40000 dollars not realising that the can make a lot of profit from other crypto currencies such as ethereum, dogecoin etc.

 

[Tinaconcept]

To be honest the most reason why so many people fail in cryptocurrency is lack of patient. Most times when I and my friends buy alt coins which we know will rise once it starts dropping or rise a bit we sell don't be surprise to see same coin touching 100% the next day.

 

[Kamon c4]

I agree with you on the second point. Most new investors focus on bitcoin alone whereas the best way of making huge profit from cryptocurrency is to try out the small coins. For example most people didn’t focus on dodge this week whereas dodge experienced 62.4% increase. That means if you invest $1000 you’ll make $620 as returns on investment. That’s a huge gain.

 

[Cissé]

People don't make profit from crypto currency due to lack of knowledge about it and some people have the fear that they can get scam along the line while trying to invest in it. To me I think to invest in cyrpto you have to start from the amount the will fetch you a reasonable profit. Am also looking forward to invest in cyrpto currency as soon as I have enough money to do so.

 

[Bkoks]

Reasons why some won't make money in crypto currency is because Nigerian just banned it. Countries are moving forward, nigeria is moving backward . I don't why. Maybe because our leaders are back in time . That's the only reason I know of right now

 

[WhiteHouse]

Apart from lack of knowledge from some, some also see crytpocurrencies trading as a get rich quick scheme which is not and thats where they get it wrong. You need patience and to be strategic when you are trading Cryptocurrencies, long term investment is the best strategy for crytpocurrencies.

 

[Shahzaib37]

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 cryptocurrency needs time to make interest of people.
As some people mine some coins but they tired to see it not increase faster.
But who people they give time now days they are successful

 

[Michaellee]

You are very correct, most people don't have basic knowledge of this things before diving into it. They won't know how signals move. Some people se cryptocurrency like a ponzi scam that whenever you pure you money in it , the person can just withdraw it without strategically sturding it properly

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.

 

[ahmedo24]

I think cryptocurrency needs time to make interest of people.
As some people mine some coins but they tired to see it not increase faster.
But who people they give time now days they are successful

You need to be very patient when you are dealing with cryptocurrencies even those people that mine the mine crypto's that are expensive but if you buy cryptocurrencies of lower value and you're very patient you will make much gain later.

 

[tuna89]

the main reason remains lack of crypto knowledge, from experience, you don't invest in a crypto without understanding the factors responsible for the rise and fall in the values of the crypto as well as the trade volume, do make sure to go through the performance history of the crypto. when you understand all this, you would know when to buy or sell your crypto.

 

[GoldenLady]

The major bane of people rushing into the crypto space is the lack of knowledge about cryptocurrency generally and also the absolute concentration on just Bitcoin. Despite the potential other coins possess they don't sometime know we have over 7000 coins and more still getting listed on a daily.

This is part of what complicated knowledge about cryptocurrency, the enormous amount of coins and tokens in the market.

It would take a long time to know their history to determine which is best to invest in.