Reasons some don't make profit in Crypto currencies.

[Usama Iqbal]

There are many people who invest their money in different crptyo currencies and don't get profit . I think the main reason is that they should not aware about crptyo currencies where they are investing . They have no knowledge about the value of different crptyo currencies. They don't know which crptyo currency is decreasing and which is increasing.

 

[abubakar3141]

Cryptocurrencies are by no means the only commodity that hackers have to hack, but Bitcoin is followed by serious fraud and theft issues. For example, inexperienced Bitcoin investors may not know the need to store their tokens in a digital wallet, leaving them vulnerable to hacker theft.
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Cryptocurrencies are by no means the only commodity that hackers have to hack, but Bitcoin is followed by serious fraud and theft issues. For example, inexperienced Bitcoin investors may not know the need to store their tokens in a digital wallet, leaving them vulnerable to hacker theft.

 

[Mastercoded]

Cryptocurrency is a long time investment, but most people dont know about it, they think is a get rich quick scheme

 

[zenith]

Cryptocurrency is one volatile area of investment on earth today.you will need to seriously understand it very well before venturing into it just like the normal online force trading we know.people with online force trading knowledge don't have problem trading it because it is almost theasame.

 

[Dubai]

Yes, you are right but apart from lack of knowledge, many people are not skillful in the act of trading. They lack news and do not follow the trends In the crypto markets. Some do not make gain because they are also greedy. They are over ambitious and this affects them negatively, thereby losing profits. I believe with adequate experience and info the loses would reduce.

 

[Atif3786]

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. Since the market doesn't need a new Bitcoin, these coins inevitably fail.

 

[Jimmie150]

I feel some person don't make money in cryptocurrency because they don't know how to invest in it properly. The best way to invest in cryptocurrency is to observe it when it is low and if possible when it increase you can sell.

 

[Alexandoy]

I am in the learning stage of crypto currency that I know I should not invest for now until the time that I am well-versed with the crypto trading. Yes, if I would be buying coins now and do some trading more likely I will just lose money. In the first place I don't know if there is a fee to pay when I receive a crypto to my digital wallet just like in Paypal. Today I received $32 in Paypal and I was charged a fee of $1.71. If that is the case with the digital wallet then I don't think it is any different than Paypal.

 

[Halexcity]

The reason while many people don't gain profit when investing in bitcoin is lack of patience and they also think is get rich quickly scheme that you invest today and see profit tomorrow. When you invest in bitcoin you have to have to be courageous and invest money that you can afford be it trading or holding.

 

[Abelcairo43]

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.

 

[Henrywrites]

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.

Understanding how the crypto market works is one big challenge for many people that are planning to invest on crypto currencies. Even when you don't have any one that can mentor you on how these things work, you should be able to watch some videos on YouTube in order to learn how it works. This is the first step to making it in crypto trading.

 

[ahmedo24]

Understanding how the crypto market works is one big challenge for many people that are planning to invest on crypto currencies. Even when you don't have any one that can mentor you on how these things work, you should be able to watch some videos on YouTube in order to learn how it works. This is the first step to making it in crypto trading.

Actually it is a very good step because with this videos you will have some basic knowledge such if you read opinions and make use of them gradually you will be come am expert, I didn't learn Crypto currency trading nor Investing from any body.

 

[Kingsley]

Some people do not make money from crypto currency due to their lack of deep insight and they fail to learn more about the system before going into it. Some were mislead and given a half baked information and thereby failing to carry out the proper steps in been a successful trader. Some also fail to follow the expert predictions.
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Some people do not make money from crypto currency due to their lack of deep insight and they fail to learn more about the system before going into it. Some were mislead and given a half baked information and thereby failing to carry out the proper steps in been a successful trader. Some also fail to follow the expert predictions.

 

[Niftyyem]

Mine is more of lack of patience but that was in the past. Now, I am able to hold on despite any dips in price and it has been paying off. Another one is the fear of knowing which altcoins would be profitable, so I just dump everything on bitcoin.

 

[Henrywrites]

Actually it is a very good step because with this videos you will have some basic knowledge such if you read opinions and make use of them gradually you will be come am expert, I didn't learn Crypto currency trading nor Investing from any body.

That's the point I am trying to make. You will see a lot of people that will want to pay people to teach them and I would wonder which money they are going to use to trade. The first step should be to learn by yourself and take it up from there.

 

[Abelcairo43]

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.

 

[Roysnickz]

Good points. Like you said, the main reason people fail to make money in the crypto currencies business is lack of knowledge of crypto and the market. Almost every other reason is tie to this.

 

[Olubayo12]

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 totally nailed everything. I begin to wonder when I went people who do not know anything about bitcoin and other cryptocurrency telling me they want to go into the business. Ask them a few questions about it and they don't know. I just laugh at them

 

[Bart Simpson]

The big explanation why most Investors don't make money from crypto currency trading Company is that most of them are not ready to invest in information before they invest in the market. Another explanation is the lack of patience the economy, which means most people want to make money as soon as possible without having much patience for the market.

 

[Sake]

Some are also instead of profit they are getting loses instead because they lack of knowledge about how Cryptocurrency work so when they see that the price is moving downwards they don't know what to do. Thus selling early and will regret later is what's happening. Im guilty to that when i was new to Cryptocurrency too