Reasons some don't make profit in Crypto currencies.

[Donkiz]

Making profit from crypto trading depends on your expertise, while making money from cryptocurrency investment depends on your level of patience. If you are a short term crypto investor, there's a possibility that you might not make money from it, but if you are a long-term investor, theres a chance for you having good returns

 

[btaliat]

Trading to gain on cryptocurrencies requires patience, good analytical skill and patience. Some investors don't have the patience to wait. They rush to sell their coins when they notice decrease in the price of the coin. And some don't even know how to read the market.

 

[Ub40]

Like me I just have some part of my money just remained in bitcoin wallet and not really doing buying and selling of the currencies. Some people can fail to make profit because they can't read trends or know when to buy and when to sell to make profit. My little contribution.

 

[Emma Aneni]

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. I feel most of the people have no idea how crypto works.

 

[Veetos12]

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 you are very right on this points you have made regarding the reason why some people do not make profit on crytocurrency. Understanding the flow of pricing of digital currencies is tantamount to sure profit making. Also the believe people have in investing in bitcoin can be a reason why it is difficult to invest in other ones.

 

[Planet408]

I honestly believe in investing in small coins. You can buy a small coin of few thousands and watch it appreciate in value when you see the coin have already been listed in binance. Which means there's future in it. You can invest it with a few hundreds or thousands. The profits can be amazing in the future.

 

[Abibatabosede]

I believe you are right because investing in crypto currency requires knowledge about the technical analysis of their block chain and rate of the rise and fall of the coin to be able to predict which one of them to invest in.

 

[GIFTMICHAEL]

Certainly lack of knowledge is a major reason people lost in cryptocurrency. For instance i have been studying cryptocurrency for sometime now to understand how it works so that i will not lose like others. I don't want to rush into it just that other are making money from investing money on it shouldn't put me in a hurry.

 

[Taimoor Jutt]

Yes there are some reasons because of them some new members do not invest in these currencies . They take it as too much risk. Some are feared because of small earning and will be finish . If we can invest in small currency like we will able to earn some profit too.

 

[Gilead]

I totally agree with you. Crypto currency has become the new gold for a lot of people who knows and understand it ways. But many of those traders don't get the concept fully and also they're quite scared of risks.

 

[Folaham]

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.

• Companions

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• Decisions

What worth doing worth doing well. Anything you do, do it well. Coming into a world that is alien to what you are used to before, demands that you should come prepared. Inadequate knowledge of the crypto world makes a lot to fail on arrival.
Understanding the various options and being patient with it will be beneficial in the long run

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

 

[Sad56]

Yes yoi are absolutely right here. There are a lot of fear about loss. New beginners consider crypto cirrency world is full of risk and only depends upon luck. So they do not want to invest. If you invest in any currency, by increasing same %age you will get equal profit.

 

[ahmedo24]

Yes yoi are absolutely right here. There are a lot of fear about loss. New beginners consider crypto cirrency world is full of risk and only depends upon luck. So they do not want to invest. If you invest in any currency, by increasing same %age you will get equal profit.

Actually both risk and luck play out seriously but if you're very observant and calm before Investing you will know the category of coins to invest on and make your money not necessary we must invest in bitcoin because it is not the only coin with potential.

 

[GoldenLady]

@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.

I'm already there, using user name as ****** . I'm the last new member as of this post.

 

[Edward2]

Simply because there are lot of people entering the cryptocurrency rushly and without having a clear understanding how exactly these things work, they should plot first their own goal soo that they will not went astray from their first purpose why they entered trading. And additionally they should consult an expert on these things soo that they will be given enough advice along the way.

 

[Kelvin7656]

Trading in cryptocurrency is like gambling. Because it’s exchanged peer to peer without any tie to regulatory standards, there’s no pattern to the rise and fall of its value. You can’t predict changes or calculate returns like you can with growth stock mutual funds. There just isn’t enough data, or enough credibility, to create a long-term investing plan based in cryptocurrency.

 

[singlej007]

What I see personally about making money with crypto is patience, if you are the type that does not have patient or you easily jump from one coin to another you may not make profit, just study a particular coin well and stay with the coin.

 

[Ltherman]

I'm already there, using user name as ****** . I'm the last new member as of this post.

I checked and couldn't trace you. Have you made any comment since you joined the community. I checked both the general forum and couldn't find anyone who just joined, probably telegram doesn't give those updates no more.
But so far how are you finding the engagement there?

 

[Suba]

I think why many people can't profit from cryptocurrency, of course firstly because they lack knowledge, so they can't take the opportunity when the price is bullish until the price returns to bearish. so it doesn't matter that it holds one crypto or many cryptos.

 

[Neeta313]

Most people dont try to study and understand a business or an investment before they go into it. Some people feel once this is the reigning thing and it can fetch them alot of money, they will jump into it with no understanding. Even if something has potential, if you do not understand, you cannot make any reasonable thing from it.