Trends Attract but Not All Cryptos are Profitable

[WWW1959]

Now in the cryptocurrency market, you can make a lot of money, but you can also lose a lot. Therefore, when investing in cryptocurrency, it is necessary to analyze the project and, first of all, the team and project partners

[Jaephoenix]

Yeah. People tend to join up in practices they don't understand. As long as there is a hint of profit, they jump in, without checking first or doing due diligence. In the end, disappointment awaits them

[gurunanakji777]

Not all that glitters that is gold likewise some people attract to this market when they saw everyone is earning good money from the crypto market and they jump into this market without having any knowledge Especially Some newbies think they will make a profit by any coin but Crypto market is not like that whatever you buy will not give you profit every time. So I advise always do your own research before investing in this market because it's a highly volatile market and one can lose its money by the wrong choice. I know currently the crypto market is enticing new investors but they must invest after gaining some knowledge about cryptos.

[Mas Bro]

Now many new projects have sprung up in cryptocurrency. They offer very interesting things. However, not all projects are ready for development. So be careful and do your research before investing in any project. So that we don't get stuck investing in fraudulent projects. So do the DYOR (Do Your Own Research)

[pelana vreo]

How you will attract your friends, neighbors, and family to come into crypto world with precautions?

I once made a topic with the title how to introduce crypto to the public.
As I know, I will provide an overview of the risks when beginners start investing in crypto, there will be no coin recommendation or fast profitable investment, introducing real and usable technology is a good goal before investing in a new coin. Most importantly, don't force your will when we have little money, because there is no guarantee that the price of Top coins like BTC will continue to rise without decreasing.

[iloveyobit]

Trends can make you rich ,but also can make you broke if you didn't have enough knowledge to deal with it,i wont risk grabbing any one of my friends or my family into crypto unless im sure they have the ability and the skills to deal with such a volatile and manipulated market such as crypto..

[Freemind]

@iloveyobit and you have done very well. A few years ago several friends asked me about crypto, I helped them, I advised them, I spoke to them every day about the worst that could happen to them and until a few months later I did not let them make their first investment alone, it was a small investment, but a great one step for them in the world of trading.

[Malam90]

Not all tokens are worthy of investment. Shit coins always looks very profitable but we have to bear in mind that it's future is dark. Any time it may come to end. I have lost my first 30 ETH balance in CYFM and MFTU when it was attractive and looked very profitable but alas! i lost my funds later after investment. Taking lession from it, now i am very cautious and invest only good coins and tokens that have future potentiality. We have to invest with proper research, not based on trend.

[labonikhatun]

Crypto is just as profitable as it is risky in the case of trade, not everything goes smoothly many times the currency is profitable but after the investment the price goes down in which case the traders suffer. This is why crypto can be profitable if you hold on to currencies like bitcoin or ethereum.

[Carbitcoin]

Crypto is just as profitable as it is risky in the case of trade, not everything goes smoothly many times the currency is profitable but after the investment the price goes down in which case the traders suffer. This is why crypto can be profitable if you hold on to currencies like bitcoin or ethereum.

Even projects that many of us only heard about at the last moment, when they showed more than 1000 percent growth, can bring good profits. but nevertheless, in order to recognize them, you need to pay a lot of attention to the cool currency market. But in order not to take risks and feel calmer, it is better to really invest in the top-rated cryptocurrencies.

[Lanirex]

Here we can get benefits in various ways, but it's not easy for us to do if we don't understand how. This cryptocurrency is very attractive, the price increase is very volatile.  But behind that convenience, it's actually very difficult to get it if we are not experienced here.

[Unbunplease]

The attractiveness of cryptocurrencies depends on its idea and from the team that created it.  The more active the team, the more innovations are offered, the higher the price.

[masudginanjar]

Don't all of us think that this cryptocurrency can be profitable or provide a better change to our funds because from every cryptocurrency it must be very different in the way it works and even cryptocurrencies have a lot of disadvantages.
I believe everything is faster in the movement of profits and losses in any cryptocurrency trading and be careful!

[kent47400]

How you will attract your friends, neighbors, and family to come into crypto world with precautions?

In fact, I forbid him to approach cryptocurrency because cryptocurrency is full of uncertainty and it is difficult to be able to recover money lost when there is a theft.
All funds are closed by yourself and may also not be represented by other people because the Private Key is very valuable than those around you.

[Delgboke]

One thing is to attract but not all fantasy in cryptocurrency is real some Cryptocurrency come with to much hype, first of all for you to be able to attract your friend and neighbors you have to start with yourselve because people want to see what you are presenting to them show in your appearance in other for them to be convinced, people look at you what kind of car you're driving.