What were your FEAR on cryptocurrency and investing on it?

[lepbagong]

-snip-
Currently, understanding crypto is very easy to get from the available forums, so that investing in crypto is very promising to be able to get profits if we want to study crypto well beforehand.

Yes, crypto knowledge can be obtained very easily anywhere today, it's just a matter of how one wants to learn and understand it. Investments can be very promising with high profits, but they will also be a place of great losses if they cannot be managed properly. Because many beginners just want quick profits but in the end will only end up with losses.

You are right, that many beginners only want to get quick profits without wanting to learn properly first, so it is not surprising that many complain because of the losses they get. Of course, it is very unfortunate in this situation. Even though there is a forum that provides the opportunity to learn properly first, so as not to fall into losses that can occur in running investments in a good and correct way as long as there is an intention to continue to want to learn properly.

[bitbit97]

My biggest fear was when I was buying cryptocurrencies for the first time. I have read and heard those stories when people fill in their cards numbers in the internet, and their money got stolen. First purchase what on a exchange and I doubted what I was really doing. I have bought «numbers and letters» and did not even understand what I own now. Fear was to be robbed. With investing it wasnt that scary, because before that I did daily trading for months, and participated in bounties. Before making and investment, I already had some experience where to look, what to search for, where pay attention, how to try to identify scam from honest project.

[JoyMarsha]

Fear of making an investment and not making profits out of it after many months of waiting was my major fear in crypto space. Because I hate being in a situation of having a loss investment when my thoughts was to make huge profits in months of waiting not for a loss investment.

However, as the days gone by as of then, I begin to realize that loss of investment in crypto can only happen when you invest in altcoin not Bitcoin, even though you can experience loss to Bitcoin investments but you can recover your losses in Bitcoin with time, compare to altcoin you don't the possibility of recovery your loss investment

[Aanuoluwatofunmi]

I fear so much memecoins, because they are very volatile and hard to predict on, the more you think you're knowing them the more it will be appearing to you as if you're just starting, then the other aspect of them all is that, you will see most of them working in the opposite direction which you may took in for them, as the one you may think will dump may pump well beyond your expectations, same also happens the opposite way.

[lepbagong]

Fear of making an investment and not making profits out of it after many months of waiting was my major fear in crypto space. Because I hate being in a situation of having a loss investment when my thoughts was to make huge profits in months of waiting not for a loss investment.

However, as the days gone by as of then, I begin to realize that loss of investment in crypto can only happen when you invest in altcoin not Bitcoin, even though you can experience loss to Bitcoin investments but you can recover your losses in Bitcoin with time, compare to altcoin you don't the possibility of recovery your loss investment

It is certain that all those who invest are afraid that what is done in the investment will not work well and they will lose the funds that have been invested in the investment.
I agree and strongly agree that what you said is the truth and investing in altcoins is very vulnerable to losses compared to bitcoin, because bitcoin can recover in a certain time and not necessarily for altcoins.

[Sim_card]

-snip-
Currently, understanding crypto is very easy to get from the available forums, so that investing in crypto is very promising to be able to get profits if we want to study crypto well beforehand.

Yes, crypto knowledge can be obtained very easily anywhere today, it's just a matter of how one wants to learn and understand it. Investments can be very promising with high profits, but they will also be a place of great losses if they cannot be managed properly. Because many beginners just want quick profits but in the end will only end up with losses.

You are right, that many beginners only want to get quick profits without wanting to learn properly first, so it is not surprising that many complain because of the losses they get. Of course, it is very unfortunate in this situation. Even though there is a forum that provides the opportunity to learn properly first, so as not to fall into losses that can occur in running investments in a good and correct way as long as there is an intention to continue to want to learn properly.

Investing in shitcoin is what those new beginners do, because they don't know that bitcoin is not shitcoin, they believe that all cryptocurrency is bitcoin and that idea make them to invest on these pump and sump coin which bring losses to them. In my crypto journey, my first investment was on shitcoin and after losing big time, I almost gave up on crypto until bitcoin brought back the zeal in me to be in the cryptospace.

[lepbagong]

-snip-
Currently, understanding crypto is very easy to get from the available forums, so that investing in crypto is very promising to be able to get profits if we want to study crypto well beforehand.

Yes, crypto knowledge can be obtained very easily anywhere today, it's just a matter of how one wants to learn and understand it. Investments can be very promising with high profits, but they will also be a place of great losses if they cannot be managed properly. Because many beginners just want quick profits but in the end will only end up with losses.

You are right, that many beginners only want to get quick profits without wanting to learn properly first, so it is not surprising that many complain because of the losses they get. Of course, it is very unfortunate in this situation. Even though there is a forum that provides the opportunity to learn properly first, so as not to fall into losses that can occur in running investments in a good and correct way as long as there is an intention to continue to want to learn properly.

Investing in shitcoin is what those new beginners do, because they don't know that bitcoin is not shitcoin, they believe that all cryptocurrency is bitcoin and that idea make them to invest on these pump and sump coin which bring losses to them. In my crypto journey, my first investment was on shitcoin and after losing big time, I almost gave up on crypto until bitcoin brought back the zeal in me to be in the cryptospace.

Almost all beginners are sure to look for profits that are visible in front of their eyes and do not use analysis anymore, which is important according to the many who do the same thing, so it is not surprising that many are disappointed in the end. I think I have been like that too and, finally, just like you, I realized that I have been involved for a long time and found something very meaningful besides, of course, bitcoin is another potential altcoin that is also very good for investment.