Reasons some don't make profit in Crypto currencies.

[springtech]

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.

Good reasons you have on the list. You are not far from the truth.
However let me add few other reasons.
1. Inpatience: some people loose simply because of their lack of patience. How can you panic sell just because a coin is not temporarily doing well. A lot of people have been caught in this web.
2. Buying coins blindly:
Some people are fond of buying any coin called by a so called guru or expert without doing their own research not knowing that it might be a pump and dump coin , so they end up loosing.

 

[GoldenLady]

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.

It's nice to know there are dedicated communities about cryptocurrency, especially on telegram.

I've never come across one, and streaming all day long on YouTube or reading articles is a tedious way to learn about coins.

How can one join these communities?

 

[BTCBEE]

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.

yes i agree with you. there are so many people who just join group and other forum because they see that people are talking about bitcoin and other crypto while they dont read or learn the actual things and they lose

 

[jimmann247]

Yes, most people do not make profit in cryptocurrency because of the reason you just outline, they only here of bitcoin and how it has made people rich, and the next they will do is to buy Bitcoin and leave without monitoring it or looking into other good coin.

 

[Oloritoks]

Well, the impatient of individual in the process of earning profit in Crypto-currency is a big issue because, when you see business like this you should be ready to persevere for a lengthy time beforet thinking of the profit.

 

[ahmedo24]

Well, the impatient of individual in the process of earning profit in Crypto-currency is a big issue because, when you see business like this you should be ready to persevere for a lengthy time beforet thinking of the profit.

There is a token I invested in and with patience I gained over 300% ,now I am trading it because I know very well by the grace of God it will also enter $1 by value very soon so patience is the secret .

 

[chicnthin]

Perhaps because they only have little knowledge about it and still learning. Or it could be because the amount they have worth of crypto is only little that it hardly makes a profit, just like how it is to me.

 

[Georgeadawara]

Sometimes people invest in to the crypto currency without doing some research on it for them to know how it works and will be your taxs as an inventor. Focusing on one crypto currency is one of the things that linmit people for benefiting.

 

[Jesuyemi 08]

Crypto currency is one of the fastest moving trend money making in the world now and some people still tend to loose from it without making profits.. The reasons why some don't make profits on it is because they lack basic knowledge about crypto currencies and they are too forward in investing much money into it..

 

[Ltherman]

It's nice to know there are dedicated communities about cryptocurrency, especially on telegram.

I've never come across one, and streaming all day long on YouTube or reading articles is a tedious way to learn about coins.

How can one join these communities?

I can give you a pointer. Search Symphony Confidential on telegram and join their telegram channel. You'll surely have a feel of whats happening within the crypto space there.
Its a community of investors both in large scale and small scale and you'll get hints on coins and tokens to buy for the short term and long term.

 

[Hasan Raza]

One of the significant reasons why individuals lose cash in digital currency is on the grounds that individuals purchased digital forms of money that they don't actually know their set of experiences, and afterward they wound up losing their cash when that digital currency was at last unloaded. A decent information on cryptographic money is vital before you start any speculation.

 

[Denuola]

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 couldn't agree less. Another reason is the rush to make profit,not being patient enough.

 

[Christopher]

One thing you should know is that people has know crypto currency has hlep a lot of people. So as a person, no one want to carry last so everyone will like to earn also. So at the process their I a lot of person there so the site will also favour some and will not favour some of them.

 

[ahmedo24]

I couldn't agree less. Another reason is the rush to make profit,not being patient enough.

Yeah , let us keep learning from the opinions and experience of others , I keep improving in trading skills and Investing too because I keep learning new strategies on daily basis.

 

[Segshowee]

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.

People lose out dealing in cryptocurrency as a result of greed and lack of requisite knowledge before dabbing into Cryptocurrency trade. Before dabbing into any business, you need to know the nitty-gritty of the business.

 

[Kelly5]

The rise in entry into the cryptocurrency world by newbies who with time will become gurus is actually rising. Everyone wants to get a bite of this pie called cryptocurrency. So yes, they rush into it as newbies with the wrong mentality that it makes them rich regardless of risks. Wrong

 

[Ltherman]

@GoldenLady please lemme know when you've joined the telegram channel, we could probably connect there. It maybe too much information to digest initially but you'll certainly get the hang of it in no time.

 

[ahmedo24]

Crypto currency trend is growing much stronger despite the challenges because people are making sustainance from it. Always seek for guidance and updated information before Investing into Crypto currencies so you can make gains.

 

[Klismannm12]

one is supposed to make user research is very well before open turning into any crypto-currency market and more information that you're buying the ones that are yet to be popular non-stop not the one local bitcoin should be excluded let room schedule eBay is needed and maybe right on weather.com the one that has to come a number you can still get her $70
[automerge]1612607410[/automerge]
one is supposed to make user research is very well before open turning into any crypto-currency market and more information that you're buying the ones that are yet to be popular non-stop not the one local bitcoin should be excluded let room schedule eBay is needed and maybe right on weather.com the one that has to come a number you can still get her $70

 

[bolllyteee]

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.

Lack of adequate knowledge and greed makes some people lose in the cryptocurrency world.Cryptocurrency is highly volatile and not for the timid or shallow minded.