Trends Attract but Not All Cryptos are Profitable

[Master107]

Due to cryptocurrency trends many people (not all)  globally are eager to collect and earn tokens as much as they can. Why? Because of the basic reason, wants to win (maybe if possible to get rich). Basically, their first impression is quick rich which is possible but seldom to happen. Most likely,  those who are Innocent's could fall under the trap of failures.  So learn from the big names or known as whales is good strategy to deal crypto not in fantasy. 

The whales and seniors in cryptocurrency world could be the good mentors(maybe) to learn from their realistic point of view. But it does not mean do not research. So for you and me, do not easily attach to thousands attractive cryptos because some are scam and dead project.

DYOR(Do Your Own Research) matter, because you are responsible on your own business.

Trends Attract but not all profitable. If possible, always be careful in your journey.

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

[Sammy9ce]

Since the bull run started the rate of crypto adoption has increased alot, so many people are now involved with crypto since its the new talk of the town , and I agree with you even during this long bull trend not all cryptos have been able to give profit, unlike the 2017 that every single altcoin was pumping massively, this time its just top altcoins pumping.

[UNIVERSE]

Many new projects offer their very interesting thing. However, not all of them are ready with the forum. In this care, it is better to trust the forum. And of course, the option to list the coin in top exchanges will really increase the development of the project

[Jaephoenix]

It is to be expected. Any nascent and unregulated financial niche is always greeted and populated by the bad actors. Nothing we can do about it. Only thing is DYOR(Do Your Own Research)

[GREENch85]

Back in 2017, before the rollercoaster with cryptocurrency rates, I advised my friends to at least read and have a basic idea of what it is. My words were received with irony and skepticism. A few years have passed and the situation has changed, now they want to learn))

[robert20]

To take advantage of the market situation many scam projects are launching to steal money from the beginners so it is very necessary to do research before investing on any project. Stop wasting your time and money by investing in scam project. First do research and then invest.

[Freemind]

Of course, not all cryptocurrencies are profitable. If we take the 9,129 listed on Coinmarketcap as an example, the amount that is profitable is very small since the vast majority of that list only works for pumps and dumps. Actually and by segments they are very few, Bitcoin, Polkadot, Ethereum, Monero, Dash... The rest are copies of copies.

[gabbie2010]

That is why it is advisable to research on the type of coin an investor should invest on, what matter most is price trending bullish with a high volatility with this two features an investor will make profits for hodling coins for a long period of time however there are some coins that ranges no bullish or bearish trend such a coin cannot be profitable in a long run except if the developers improve on it.

[tervel]

There are certain risks present in the crypto market. It's possible to get filthy rich by investing in cryptocurrency, but you could also lose all your money. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency. Well, like most investments, crypto assets come with a host of risks but also vast potential rewards.

[Master107]

Actually and by segments they are very few, Bitcoin, Polkadot, Ethereum, Monero, Dash... The rest are copies of copies.

And BNB. 

That is why it is advisable to research on the type of coin an investor should invest on,...

Yeah, DYOR is self discipline to avoid so much possibilities of risk. Invest only the amount of money that you can afford to lose is always applicable. Avoid unrealistic speculation is anticipation to ourselves/ yourself believing the unreachable thing.

Well, like most investments, crypto assets come with a host of risks but also vast potential rewards.

Somehow luck might be real but not at all we are in good luck. Knowledge is good to determine the good asset that could give us good profit. There are more risk without knowledge. More potential and possibility to hit the better asset with knowledge. 

[Freemind]

lol yes @Master107 and BNB of course. What I was referring to is that there are not actually that many projects that are really worth it, some coins/tokens have things that give them an advantage over some of their competitors but there really are few. But there are also others like Litecoin for example (don't shoot me) that has a position that from my point of view it does not deserve, and like Litecoin many others.

[Master107]

@Freemind

Haha.... I know mate that you are a quality person and will choose the most quality and potential coins/tokens in the market. Your choices is reliable potential. Good to invest.

Yeah, there are so much tokens without clear use case with copycat platform. The ending is the same unclear since from the beginning. Taking advantage to collect funds is their main goal sometimes only for rugpull. The lucky one might come up to huge success but seldom.

[ttcsalam]

Many new projects offer their very interesting thing. However, not all of them are ready with the forum. In this care, it is better to trust the forum. And of course, the option to list the coin in top exchanges will really increase the development of the project

Every new project need time for development so i think if have good news we can invest any kinds of old project after the development news we can invest any kind of project.so i agree all project is not profitable.

[sergeybobrov]

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

Friends think that all cryptocurrencies are a pyramid, my children are still small and do not understand anything, and my wife does not want to study. Close relatives also do not want to know about cryptocurrency because they are satisfied with their life.

[bitcoin-shark]

many have suddenly approached the world of crypto lately hearing the news about the growth in value of bitcoin, the tweets of Elon Musk and other positive news but obviously not all altcoins can be successful you have to do your own careful research before finding a new project promising and an altcoin with the possibility of future growth