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Author Topic: What were your FEAR on cryptocurrency and investing on it?  (Read 4127 times)

Offline TomPluz

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What were your FEAR on cryptocurrency and investing on it?
« on: November 15, 2024, 04:46:18 AM »

When I started my journey in the world and market of cryptocurrency, I felt many fears which many times even held me back to be bold and possibly reap more profits...but at the same time fear held me back from being victimized by scams and frauds.

People who are not tech-savvy can be afraid looking even at the long crypto wallet address and that possibility of making a simple but uncorrectable mistake that can transform something into zero.

What are the things that you feared and doubted when you started in cryptocurrency?

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What were your FEAR on cryptocurrency and investing on it?
« on: November 15, 2024, 04:46:18 AM »

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Offline Dr.Bitcoin_Strange

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #1 on: November 15, 2024, 05:44:00 AM »
Well everyone in the crypto sphere today may have at some point of their early beginnings had a few doubts and fear, (at least I believe so). But I think one of the most generally and commonly felt fears is the fear of succeeding in the crypto world, since it’s already said that profitability isn’t guaranteed and there are risks of losses, just like you said, fear of also making a terrible mistake that may likely not be corrected but lead to financial losses.

Again, we know already that many people have been around in the crypto world but yet still have absolutely nothing to show for it, at least nothing but losses. Hearing these kind of thing may actually instil some fear and doubt in the minds of newbies too. I believe everyone must’ve been through this very phase.

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #1 on: November 15, 2024, 05:44:00 AM »

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #2 on: November 15, 2024, 06:56:39 AM »

When I started my journey in the world and market of cryptocurrency, I felt many fears which many times even held me back to be bold and possibly reap more profits...but at the same time fear held me back from being victimized by scams and frauds.

People who are not tech-savvy can be afraid looking even at the long crypto wallet address and that possibility of making a simple but uncorrectable mistake that can transform something into zero.

What are the things that you feared and doubted when you started in cryptocurrency?
The volatility itself gave me chills and fear. While thinking about it, I saw it as an opportunity but at the same time when experienced the great dips, it had scared me a lot. That's for real and to be honest, that made me better in terms of handling my own emotions because whenever the market moves a lot and dips a lot, I just can't do anything anymore but to miss those profits and gains that I should have taken but then, it taught me a lot of lesson about being patient at all times.

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #3 on: November 15, 2024, 07:25:18 AM »

When I started my journey in the world and market of cryptocurrency, I felt many fears which many times even held me back to be bold and possibly reap more profits...but at the same time fear held me back from being victimized by scams and frauds.

People who are not tech-savvy can be afraid looking even at the long crypto wallet address and that possibility of making a simple but uncorrectable mistake that can transform something into zero.

What are the things that you feared and doubted when you started in cryptocurrency?

My major fear was FOMO, and that made me to make some mistakes, though I regretted the mistakes, but yet it had no effect on me, because I am a hunter.
When I jumped into the crypto currency trading market without experience, that was where I experienced the Fear Of Missing Out (FOMO). This happened when I was looking for the right time to enter into the market and ended up entering at the market's top pick, and at that moment, the market faced downtrend.  It took me time for the market to come up again for me.

When it comes to the wallet address, I never for ones made a mistake of typing it, cause its length was something else.

I had no doubts, I started following cryptocurrency for fun, not really at the beginning knowing what it has in stock, until I started receiving some money from it.
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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #4 on: November 15, 2024, 08:43:05 AM »
---
What are the things that you feared and doubted when you started in cryptocurrency?
Fear of getting scammed? I didn't feel it when I was starting
Not being tech-savvy? It's good that I've been using a computer since high school hence, it helped me at least on my crypto journey.

I guess the fact that I started learning every single basic information that I need to learn is the reason why I didn't feel any fear when I was starting in investing into cryptocurrency. It's not that common yes because most of the newbies have something to fear when they're starting, but not in my case. TBH, learning first would be a perfect start when you're a newbie in whatever field. Forget about earning first when it comes to crypto because opportunities are everywhere, and learning first will help you get those opportunities.

If I will give one though, I guess it's the fear of losing money.


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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #5 on: November 15, 2024, 12:45:41 PM »
When I started my journey in the world and market of cryptocurrency, I felt many fears which many times even held me back to be bold and possibly reap more profits...but at the same time fear held me back from being victimized by scams and frauds.
People who are not tech-savvy can be afraid looking even at the long crypto wallet address and that possibility of making a simple but uncorrectable mistake that can transform something into zero.
What are the things that you feared and doubted when you started in cryptocurrency?
Before investing in cryptocurrency, we all have the same fear that we will lose. There is a lot of scamming currently seen in cryptocurrency. Many big projects disappear from the market through rug-pool with investors' funds. Considering these, I have a fear of investing in crypto currencies. And that's why I always try to choose top level coins so that I don't have to be a victim of fraud or scam.
At first, these things were also in my Bitcoin case, but now that I have experience, I no longer have that fear in Bitcoin, so now when it comes to Bitcoin investment, fear does not work in me, when it is for the long term.

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #6 on: November 15, 2024, 02:55:01 PM »
---
What are the things that you feared and doubted when you started in cryptocurrency?
Fear of getting scammed? I didn't feel it when I was starting
Not being tech-savvy? It's good that I've been using a computer since high school hence, it helped me at least on my crypto journey.

I guess the fact that I started learning every single basic information that I need to learn is the reason why I didn't feel any fear when I was starting in investing into cryptocurrency. It's not that common yes because most of the newbies have something to fear when they're starting, but not in my case. TBH, learning first would be a perfect start when you're a newbie in whatever field. Forget about earning first when it comes to crypto because opportunities are everywhere, and learning first will help you get those opportunities.

If I will give one though, I guess it's the fear of losing money.
We both share the same experience when we first invested in cryptocurrencies, I had no fears too. Before starting, I invested alot in learning the basics I needed to know about crypto. I already knew that the cryptocurrency I was going to invest in was highly volatile, so I prepared my mind for the worst outcome and I was also willing to wait till my investment appreciates. I was only careful not to give scammers the opportunity to steal my coins. Maybe the confidence I had then was also because I was willing to lose the amount I had invested.

Investing in cryptocurrencies when you have no idea of what you would be expecting can be quite risky and challenging. If newbies take their time to learn first before investing, they will be able to make right decisions and at the end they will realise that those initial fears they had were not really neccessary.

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #6 on: November 15, 2024, 02:55:01 PM »


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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #7 on: November 15, 2024, 04:01:28 PM »
Losing my funds was the fear that I had, and that made me never care about going through all the important features on the wallet, because I felt that there is what I might click on that will make my bitcoin disappear from my wallet. I have not lost a dime in crypto because I am a hodler but what still comes to my mind sometimes that will make me somehow scared is what if I don't have access to my seed phrase anymore. I have already backed it up.

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #8 on: November 15, 2024, 07:23:03 PM »
What are the things that you feared and doubted when you started in cryptocurrency?

The only problem I had when I started crypto, was making a mistake during transaction.. back then what I did to help me avoid such inevitable mistakes was to send my funds to wallet in bits. This way, I can see if my destination is valid before I move my coin totally.. again one problem I had was securing my keys.. upon joining the online space, I came to know about different means by which I could keep my coins safe and away from scam.

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #9 on: November 15, 2024, 08:25:47 PM »

When I started my journey in the world and market of cryptocurrency, I felt many fears which many times even held me back to be bold and possibly reap more profits...but at the same time fear held me back from being victimized by scams and frauds.

People who are not tech-savvy can be afraid looking even at the long crypto wallet address and that possibility of making a simple but uncorrectable mistake that can transform something into zero.

What are the things that you feared and doubted when you started in cryptocurrency?
When I got into Cryptocurrencies I was afraid that I might lose my investment if I invested in Cryptocurrencies and I also thought like you that my investment might vanish because Cryptocurrencies are so easy to get so much so quickly. Never imagined. First everything seemed impossible to me like how people can earn money from here but after joining crypto currency I slowly understood everything and when I became proficient in everything it seems cryptocurrency is everything to me.
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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #10 on: November 15, 2024, 10:33:32 PM »
I was worried if i will be able to effectively be my own bank, coming into this network from using just fiat, were the bank handles people's funds can make one scared if they will be able to keep their funds safe themselves. The good thing is that i learnt how to safely store my funds and be my own bank and i have not had any problem since then.

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #11 on: November 15, 2024, 10:59:08 PM »
My fear in crypto is making the same mistake over and over again when making a decision. This is what I experienced in the past during the previous bullrun, where I set a lot of target prices for TP that were too high, seemed very greedy and in the end it all had to end in regret because it was not sold. Well, this time I don't want to be like that again, indeed, sometimes regret is always there, but this time it must be avoided and managed so that no matter what, I can get back my investment capital, so that whatever the results are in the bullrun later, it's just a bonus.
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Offline taufik123

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #12 on: November 16, 2024, 01:40:58 AM »
When I first got into crypto, I started by working on a lot of bounty and airdrop campaigns and my fear at that time was, whether this job was paid or not and whether it could be withdrawn in the form of real money.
I was really a beginner at that time and when I saw a long address, it once crossed my mind when I miscopied the address or deleted just one letter, then the funds sent would be lost.

There are also many other things that scare me when it comes to crypto, about scams and the many malware that attacks crypto users who try to take over our wallets and accounts.

But, to overcome these fears, we as crypto users who may have been around for quite some time or those who are new should know how crypto works and never believe the words of strangers who are trying to trap you.

Offline DaNNy001

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #13 on: November 16, 2024, 06:43:16 AM »

When I started my journey in the world and market of cryptocurrency, I felt many fears which many times even held me back to be bold and possibly reap more profits...but at the same time fear held me back from being victimized by scams and frauds.

People who are not tech-savvy can be afraid looking even at the long crypto wallet address and that possibility of making a simple but uncorrectable mistake that can transform something into zero.

What are the things that you feared and doubted when you started in cryptocurrency?

When I got interested in crypto, it was the period when ponzi schemes was at it peak and everyone was skeptical about anything that has to do with investing money in it as the entire society label all acts as such practice although despite the fact that I have a brief knowledge about Bitcoin I was still skeptical about it because making that mistake of investing in the wrong asset would scare you as a newbie to the world of crypto and more especially when the period was the conjoin with the big FTX saga.
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Offline libert19

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Re: What were your FEAR on cryptocurrency and investing on it?
« Reply #14 on: November 16, 2024, 07:05:10 AM »
Not really fear, but back when I didn't have hardware wallet, and used to use mobile wallets to store crypto, it made me paranoid to do anything on phone, peace wasn't there until I got myself a hardware wallet.

 

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