The Double Edged Sword of Cryptocurrency

[TomPluz]

Remove hype and so many new projects will be dead, they survive on hype and nothing else and that is why investors lose money when they buy them. People who find out about crypto should lower their expectations, many of them feel they have found their ticket to wealth, so they make mistakes and lose their money, for this reason BTC is kind of like my only choice for now.

Unlike Bitcoin which started really with no hype as no group of people were then marketing it to the masses and in fact I would say that back then people were actually afraid to get into Bitcoin so there is no type of any sugar-high promotional techniques on the table. Today, things are so different especially with new projects as they all vie for people's support and pockets so they are so willing to say and do anything just to be able to get the money they are looking for. When money is the main focus among many others there can be a big problem and so many projects are left behind (rugpulls) and many turned out to be scams with their supporters wondering what happened. I am expecting an avalanche of many new crypto-based projects in 2025 as the alt season can happen by then so we have to watch out never to be just another victims.

[KingsDen]

Remove hype and so many new projects will be dead, they survive on hype and nothing else and that is why investors lose money when they buy them. People who find out about crypto should lower their expectations, many of them feel they have found their ticket to wealth, so they make mistakes and lose their money, for this reason BTC is kind of like my only choice for now.

Unlike Bitcoin which started really with no hype as no group of people were then marketing it to the masses and in fact I would say that back then people were actually afraid to get into Bitcoin so there is no type of any sugar-high promotional techniques on the table. Today, things are so different especially with new projects as they all vie for people's support and pockets so they are so willing to say and do anything just to be able to get the money they are looking for. When money is the main focus among many others there can be a big problem and so many projects are left behind (rugpulls) and many turned out to be scams with their supporters wondering what happened. I am expecting an avalanche of many new crypto-based projects in 2025 as the alt season can happen by then so we have to watch out never to be just another victims.

Crypto investors like us who are already in the system will likely know how to protect ourselves from falling victim to these crypto projects seeking for ignorant investors to exploit, but our major concerns are about newbie investors who are so eager to invest. In 2025, lots of illegitimate crypto projects will still flood the Internet because they know that there will always be people available who would invest wrongly out of ignorance. These newbie investors have already been convinced by the general misconceptions that all cryptocurrency investments are get-rich-quick schemes. Just as it was stated in the OP, if these newbies allow greed control them instead of acquiring the right knowledge about the investments, they would learn from their mistakes.

[Findingnemo]

Any kind of investment holds its own kind of risk, crypto since it's online people are prone to lose funds via phishing attack and lot more advanced techniques. Apart from that the price crash is a major facto for people lose their portfolio value which is why we need to pick the best coins even if the growth is gradual compared to the sudden hyped crypto that grown just over night.

[milewilda]

Don't Fall Victim to the Hype

Usually newbies do really fall into this kind of stuff on which on the moment that they've seen someone do make out money or someone who do make out some hype
about on what they had gained then they would really be trying out to chase those things and would really be making out some investments on careless manner on which they didnt think
about those potential issues or problems that they might be able to encounter. Just like any other investment then the risks of losing money would really be that still there
so it will really be that recommended that making yourself that mentally and emotionally prepared.

[JoyMarsha]

In fact, some have been designed solely for pump and dump schemes, leaving unsuspecting investors with significant losses. The allure of crypto has changed lives for the better, but it's also ruined others due to lack of proper information and research.

We are living in the real world where scams and frauds are all present and people can easily be lured for something they would regret later...sadly with the coming of the cryptocurrency industry we are seeing a sharp increase of this malaise with more and more people being victimized. Pump and dump schemes are designed to benefits the people behind them, first and foremost and can be leaving those who are not aware of what they got into holding just empty bags. With the appeal to greed, people are lead to be supporting projects that will just die on the road and their supporters will have coins and tokens that have no value at all. of course, this is one side of the industry because we also have many successes and you just have to examine them in CMC list closely. One must be careful and must be praying for luck to make it in this industry.

Investing in crypto requires not just luck, but also the wisdom to conduct thorough research on any project before investing. This is not the right time in the market to invest blindly in any coin simply based on hype. Investors who do so should not be surprised if they incur losses. Success in the crypto market is about knowing the right moments to invest and when to withdraw profits from Bitcoin and altcoin investments.

[kai]

Both sides of the sword are like opportunities or threats.
I am sure that those who have sufficient expertise and knowledge in cryptocurrency will definitely make this cryptocurrency an opportunity and those who do not have this cryptocurrency will say that all of this is a threat.

When I got to know cryptocurrency, I would also be hesitant about the existing assets because I thought it was too risky for us to see Bitcoin and everything become digital assets, but over time I began to understand a little about how cryptocurrency works.
Something new, the latest technology that has been designed for a long time and has an algorithm that is difficult to crack and almost 99% of its hacking rate is safe except for 1% of it being user error.

[bayu7adi]

I thought you were going to talk about another interesting cryptocurrency paradox, but judging crypto on its potential and risks also needs to be considered... many people are interested in the cryptocurrency world because they feel that it is easier to make money by taking advantage of the opportunities offered by cryptocurrency... and that is indeed dangerous....

Likewise with security, with the existence of blockchain technology and cryptography, we are always educated by the community that cryptocurrency is very safe. However, the public reports that there are several exchanges that report that their assets have been hacked and stolen... that means, the security of your cryptocurrency cannot be guaranteed 100% safe, right? Like the potential and risks explained by the creator of this topic.

[lepbagong]

In fact, some have been designed solely for pump and dump schemes, leaving unsuspecting investors with significant losses. The allure of crypto has changed lives for the better, but it's also ruined others due to lack of proper information and research.

We are living in the real world where scams and frauds are all present and people can easily be lured for something they would regret later...sadly with the coming of the cryptocurrency industry we are seeing a sharp increase of this malaise with more and more people being victimized. Pump and dump schemes are designed to benefits the people behind them, first and foremost and can be leaving those who are not aware of what they got into holding just empty bags. With the appeal to greed, people are lead to be supporting projects that will just die on the road and their supporters will have coins and tokens that have no value at all. of course, this is one side of the industry because we also have many successes and you just have to examine them in CMC list closely. One must be careful and must be praying for luck to make it in this industry.

Investing in crypto requires not just luck, but also the wisdom to conduct thorough research on any project before investing. This is not the right time in the market to invest blindly in any coin simply based on hype. Investors who do so should not be surprised if they incur losses. Success in the crypto market is about knowing the right moments to invest and when to withdraw profits from Bitcoin and altcoin investments.

Luck also cannot be separated from someone making an investment. Of course, the main thing is the right analysis when making any decision to be made. I agree with your opinion that before investing, you must be able to know the market situation at that time, when, to start buying and holding and when to let go, not because of hype alone so that you do something without thinking long, so that in the end you can cause losses that could have been avoided.

[erus]

I also have the same thoughts about this crypto because I feel that crypto is like a way to achieve profit and another way to find a way to lose. If the person continues to learn about crypto, it seems that one day they can also minimize the level of losses caused by fluctuating trading. Another way is if we are greedy and impatient, then crypto is a way that can have an effect on losses.
I am also currently still learning how to make a profit from crypto, sometimes I see trading in crypto going up and down very quickly. Last night I also saw in the chat room that in just one night a lot of money was Liquidated in the market because of trading Futures, that proves that they are indeed greedy and wrong in guessing whether the price of crypto will go up or down.

[philipma1957]

^ I'm not sure of other chains but at least on ethereum with metamask, when you connect a wallet, it shows you what exactly dapp asking for, if it's usual 'read address', it won't affect you, and there is no harm whatsoever in connecting such way.

only if the correct website is used.

The easy way to be safe is connect a wallet with very little value in it. 5 dollars usd or less. there are endless fake links  and fishing schemes. I have no great amounts connected to any exchanges.

[target]

I also have the same thoughts about this crypto because I feel that crypto is like a way to achieve profit and another way to find a way to lose. If the person continues to learn about crypto, it seems that one day they can also minimize the level of losses caused by fluctuating trading. Another way is if we are greedy and impatient, then crypto is a way that can have an effect on losses.
I am also currently still learning how to make a profit from crypto, sometimes I see trading in crypto going up and down very quickly. Last night I also saw in the chat room that in just one night a lot of money was Liquidated in the market because of trading Futures, that proves that they are indeed greedy and wrong in guessing whether the price of crypto will go up or down.

Unless the trader in the futures market can read the chart well and have wom kind of info in the future to avoid what manipulators do in order for small trader to lose money. The edge of the sword in the futures market is much sharper then in spot market.

The best way to minimize the risk in crypto is just hold BTC and forget any other crypto.

[libert19]

^ I'm not sure of other chains but at least on ethereum with metamask, when you connect a wallet, it shows you what exactly dapp asking for, if it's usual 'read address', it won't affect you, and there is no harm whatsoever in connecting such way.

only if the correct website is used.

No. Even if you connect to fake/phishing website, scammer can't do anything to your wallet if he has only this 'read address' permission, but of course shady websites will ask for more permissions, ones with which they can drain you.

[Dr.Bitcoin_Strange]

Luck also cannot be separated from someone making an investment. Of course, the main thing is the right analysis when making any decision to be made. I agree with your opinion that before investing, you must be able to know the market situation at that time, when, to start buying and holding and when to let go, not because of hype alone so that you do something without thinking long, so that in the end you can cause losses that could have been avoided.

Indeed!
This is the very reason why some people mistake trading to be exactly the same thing as gambling, because you need luck in both situations, but the only difference is that in trading or investment, even if luck is needed, your success as a trader or an investor isn’t solely dependent on that luck, just as you’ve rightly said, the paramount factor in crypto is developing and identifying the right strategy and techniques that suites quite well with your personal financial goals as well as your risk tolerance level.

How well you’ve developed your skills and how much experience you’ve gained in the space is what determines how successful you’ll be as a trader or investor in the crypto space. While gambling is solely dependent on luck.

[erus]

I also have the same thoughts about this crypto because I feel that crypto is like a way to achieve profit and another way to find a way to lose. If the person continues to learn about crypto, it seems that one day they can also minimize the level of losses caused by fluctuating trading. Another way is if we are greedy and impatient, then crypto is a way that can have an effect on losses.
I am also currently still learning how to make a profit from crypto, sometimes I see trading in crypto going up and down very quickly. Last night I also saw in the chat room that in just one night a lot of money was Liquidated in the market because of trading Futures, that proves that they are indeed greedy and wrong in guessing whether the price of crypto will go up or down.

Unless the trader in the futures market can read the chart well and have wom kind of info in the future to avoid what manipulators do in order for small trader to lose money. The edge of the sword in the futures market is much sharper then in spot market.

As far as I know, my friend, because those who trade in the Futures type are the ones who get Liquid. If only they traded easily in Spot, it would seem very easy and simple because they don't need to be affected by Liquid. But sometimes traders also want to feel what is called extreme adrenaline so they take shortcuts to trade with the Future type.
Maybe they have a goal by using Future trading to get big profits with small capital but in fact they are hit by Liquid and their funds are immediately lost or lost.

The best way to minimize the risk in crypto is just hold BTC and forget any other crypto.

This is the same as what my friends here said, they suggested to stay Bitcoin hodler only to be safer because with Bitcoin everything can change. Maybe my friend also has Bitcoin hodler since 20,000 dollars and is now enjoying profit. But there are also friends who use Future when but in fact they experience losses because they guess the price wrong.

[Bobcrypto]

Remove hype and so many new projects will be dead, they survive on hype and nothing else and that is why investors lose money when they buy them. People who find out about crypto should lower their expectations, many of them feel they have found their ticket to wealth, so they make mistakes and lose their money, for this reason BTC is kind of like my only choice for now.

Unlike Bitcoin which started really with no hype as no group of people were then marketing it to the masses and in fact I would say that back then people were actually afraid to get into Bitcoin so there is no type of any sugar-high promotional techniques on the table. Today, things are so different especially with new projects as they all vie for people's support and pockets so they are so willing to say and do anything just to be able to get the money they are looking for. When money is the main focus among many others there can be a big problem and so many projects are left behind (rugpulls) and many turned out to be scams with their supporters wondering what happened. I am expecting an avalanche of many new crypto-based projects in 2025 as the alt season can happen by then so we have to watch out never to be just another victims.

Altcoins season in 2025 is still on a probability thing in my opinion because of dominance factors. Many crypto enthusiast thinks altcoins season is certain in 2025 without looking at the market index, the btc dominance remains the biggest challenge to achieving a full altcoins season, the  current market index is showing a Btc dominance rates at 55.9% as at today.
Analyst thinks that a btc dominance rate of 47% to 45% is likely a good target to trigger off a full altcoins season, and i think their positions looks decisive to have a full altcoins season.