Reasons some don't make profit in Crypto currencies.

[Ayokex]

One of the reasons is impatient, people are not always patient to see the end of the cryptocurrency movement. We are easily carried away by frivolous movement of the coins. This has affected me recently, as I sold my Bitcoin before it rise.

 

[BTCBEE]

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.

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[Bart Simpson]

The majority of people who start to the crypto currency exchange company do not have much success because most of them do not understand how the market and how to conduct all the operations in the crypto currency exchange. A good reason is because of a lack of commitment to the market. Many people enter it, without any patience for the market, but end up staying there without any progress.

 

[mubinadaddy]

Before starting the investment you need to have the adequate knowledge on how the cryptocurrency investment work, you need to go through the project and understand it very well. So many people only look at bitcoin project and how it rising but don't care to look at the rest which can give them really profit.

 

[Rainlover207]

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.

 

[Zevin]

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 do not agree with your statement #2. If you compare the percentage growth between various currencies, bitcoin tops the list of the currencies that have gone up. To examplify, you may buy 1 LTC with $150 but you will gain more when you buy $150 woth of BTC. I have been using bitcoin since 2015 and I have never seen it go too down, except for a brief time.

 

[Aniwhyte]

The number two you outlines above was one of the mistake I made, when I first got into the world of cryptocurrency I focused on bit coin only and I bought it when it was at it's all time high, few weeks later it started depreciating massively and I lost a lot, its painful but I have learnt my lessons.

 

[Josemendez]

Nice post . The fact is that some people see cryptocurrency as something that gives money easily even with low investment. This is not true , for you to make money from cryptocurrency you need to invest a considerable amount of money. Secondly ,there should be good knowledge of market trend.

 

[Rimsha kanwal]

If you are interested in cryptocurrency trading, you must ever think can I make money with cryptocurrency?How to make money with cryptocurrency? What is the best way to invest in cryptocurrency?

 

[kayode10]

There is no point in chase the wild goose by investing in different kind of cryptocurrencies in order to make profits. It's like spreading yourself too tin. Though some people called this diversification. Its good to focus on one cryptocurency and master how trade it to the level of making consistent profits before moving to the next coins.

 

[ahmedo24]

I do not agree with your statement #2. If you compare the percentage growth between various currencies, bitcoin tops the list of the currencies that have gone up. To examplify, you may buy 1 LTC with $150 but you will gain more when you buy $150 woth of BTC. I have been using bitcoin since 2015 and I have never seen it go too down, except for a brief time.

You may be right because I checked the percentage rise of bitcoin in the last one year it was 300% plus while that of litecoin was about 97% so if this is valid then $150 worth of bitcoin is better

 

[Lyrrex]

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.

 

[Chibson]

The reason some people do not make profit in cryptocurrency is because, they venture into it without knowing how it works. cryptocurrency can become your fastest way to wealth if you really understand it and know how it works. You can buy cryptocurrency and keep, then when the value increases, you make a lot of gains or you can trade it.

 

[marky]

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 money was at last unloaded. A decent information on cryptographic money is vital before you start any venture.

 

[Zevin]

You may be right because I checked the percentage rise of bitcoin in the last one year it was 300% plus while that of litecoin was about 97% so if this is valid then $150 worth of bitcoin is better

The only way you can make a profit with crypto currency is by making a lot of investment and holding it for a long time, when I say a long time I mean 5-10 years. In 2016, I received 0.22 bitcoin. If I had not spent that amount, I would have more than $7000 now, it was just $100 back then. Imagine the growth just in 4 years.

 

[ahmedo24]

The only way you can make a profit with crypto currency is by making a lot of investment and holding it for a long time, when I say a long time I mean 5-10 years. In 2016, I received 0.22 bitcoin. If I had not spent that amount, I would have more than $7000 now, it was just $100 back then. Imagine the growth just in 4 years.

That's destiny in my opinion and possibly most of couldn't believe that bitcoin could go this far, at least we are all learning from the losses and mistakes made so far from Crypto currency engagements.

 

[Goodday]

There are many reasons why people don't make profit in crypto currency investment or trading and one main factor includes inadequate knowledge of the particular crypto. Even sometimes people do make losses with bitcoin because they don't understand how volatile bitcoin can be and this l must say is the main problem.

 

[Abigael]

These points are so true, they make people not to earn even when they try to invest in Crypto currencies. I can relate well with them because it is just recently that I learnt about the other coins apart from Bitcoin. And fear is also something that has really crippled my advances towards investment, but I am learning to deal with that.

 

[Lyrrex]

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 money was at last unloaded. A decent information on cryptographicmoney is vital before you start any venture.

 

[MercySmith]

Many people are ignorant yet impatient to learn one or two before rushing into crypto currency trading or even investment. Others go in to invest and at the slightest change in the market, they remove their money at a loss. Crypto currency requires patience.