Reasons some don't make profit in Crypto currencies.

[Samuel77]

According to my own point of view, the reason some do not make money in cryptocurrency is because they prefer focusing on one particular currency, and some are scared to lose, why some believe crypto currency is a scam

 

[Folaham]

W

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.

What worth doing worth doing well. Anything you do, do it well. Coming into a world that is alien you what you are used to before, demands that you should come prepared. Inadequate know of the crypto world makes a lot to fail on arrival..

 

[Akinwale701]

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.

You have valid points but I look at this in another angle, I have observed that the main reason people lose money in Cryptocurrency business is greed. It is a fact that the price of bitcoin is only the increase, but some people are too overconfident they buy at an impossibly high rate thinking that the rate will increase more whereas it's not always.

 

[ahmedo24]

You have valid points but I look at this in another angle, I have observed that the main reason people lose money in Cryptocurrency business is greed. It is a fact that the price of bitcoin is only the increase, but some people are too overconfident they buy at an impossibly high rate thinking that the rate will increase more whereas it's not always.

This is another big factor you just mentioned, if a big coin like bitcoin had risen by 25% it will to dangerous to buy it at that moment likewise if you see any new coins with 80% rise buying it at that time may be very risky.

 

[Nicklas22]

The reason why some people don't make profit in crytocurrency is because they lack patience
When the rate of the coin just drop a bit, they will just rush and sell everything
But those who are patient enough are the ones who makes a lot of profit

 

[Ezzyoj]

Many people lack the patience to learn about business before going into it. Every one wants to be rich as soon as possible. There is no gain without pain, take your time to study the formula before putting your hard earn money on the line. Take your tme

 

[kayode10]

The reason why I don't make money with cryptocurrency investment is that I hate watching the price movement going up and down fluctuating everytime. the function of the cryptocurrency prices makes my emotion going restless and this can cause a depression for me. when something like this happens the best thing I do is to pull out my found so as to have a peace of mind. This implies that I'm not a risk taker.

 

[Ehizzy1]

I think you are right on this because most people don't really know how to invest on bit coin,they just invest because their friends and others are investing too ,and they make more loss through that means i think ,So at first its best for them to actually study crypto currency before investing any dime in it I think

 

[Ltherman]

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.

One easy way to navigate through this is to belong to an interactive community where people talk about this coins. Some forums i belong to on telegram go as far as doing indepth research on this coins that you can read up on and make a decision. Its not rocket science if one can do it any one else can do it as well.

 

[Damscooguns73]

Concerning why some people make loses in cryptocurrency. Well, cryptocurrency is a digital currency which is volatile in it market value, an individual who is not knowledgable about cryptocurrency and what it entails will make lose. The common factor is impatience, most investors and trader are impatient, they want to make all the gain with a short period of time

 

[JamoPosh]

To my own descretion what is see that kills people in cryptocurrency, is just uncontented and greediness. They lack setting limit to their goals. What do I mean in essence is that they do more than their what they were suppose to invest. They wanted quick result which can be very risky at same time. Setting daily goals and limit could make your investment secured.

 

[Christopher]

One thing you should put In mind is that some people don't believe on crypto currency exchange. And them don't have any reason for the hatred. But why some don't have interest on it is because there thing that is not paying why those that believe make a lot of money there.

 

[Ltherman]

Everyone whose an authority today in crypto or is knowledgeable in crypto had to do some studying to understand how it works and how to be a part of it. Some were even self taught so there is nothing beyond anyone here to also learn even the basics to aid them in their transaction.

 

[Blessedsam60]

Nice post. To be candid with you, most people still loose from crytocurrency investment because of the lack of cryto knowledge, while some suffers from lack of patience as they are always tensed-up to sell their cryto when the price is on the falling side.

 

[iamgroot]

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.

Correct, I just added to those listed, the beginners who start trading without a companion expert in the said field. Going solo instead of joining legit and reliable signaling groups for a high chance of making a profit and learning more in the world of trading and cryptocurrencies.

 

[Kingsley]

Major reasons may include lack of technical know how or proper tutelage, inadequate preparations, and one may also consider inconsistencies. Then again it is possible such a fellow is not following expert predictions.

 

[Asad Ali]

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 any coins and more still getting listed on a daily.

 

[Jeremiah Trump]

People don't don't make profit due to their low knowledge in it and which is bad I can I start something that I know o don't know anything about them.and they wouldn't know that it's their downfall but they will still be doing it people should know what they are doing.crypto currency is not just anything anybody can play with because you will just keep losing your money.

 

[Chumzy]

It is important that we have an understanding of whatever we go into. Most people can't tell you the difference between a wallet and an exchange and yet they have crypto. Some just find a way to learn how to trade with exchanges and that is all.

 

[Trojan8]

I would have to agree with your reasons because they represent reality. Most people just hear about a few persons making profits through trading and then decide to follow. Some don't even know how a crypto block chain works or what fuels the market. This is why there are a lot of bad trades and people lose a lot of money.