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Calvinpriva

Hating cryptocurrencies for your own mistakes!

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This is a very good post. there are many users that try to speak badly of crypt because they were unable to succeed in it, and view it instead as a quick way to get rich, however this is like any skill that you learn and requires a large learning curve. In my opinion, mistakes do not define you in crypto but rather are learning lessons, and if you are able to learn something from each mistake you are much more likely to succeed in crypto. The key is to manage your investments in order to avoid major losses, and knowing when to stop and learning from your mistakes to mitigate future losses. 

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22 minutes ago, Calvinpriva said:

Many people have been complaining and saying cryptocurrencies are bad and can give you poverty. It is true, and I will not deny it! But they get that perspective from their own mistakes because I personally and some other people see cryptocurrencies good and can give us wealth.

 

The problem is, some people consider cryptocurrencies as a lucky thing to give them money, and that is the biggest mistake they make! Cryptocurrencies are like any other business when you decide to use them for investment, they have profits and sometimes losses, and it's the same in normal businesses.

 

So before hating cryptocurrencies, try to identify your mistakes first. You can’t love the crypto world if you don’t have crypto education, if you don’t have patience, if you don’t have financial discipline and if you continue to be a complaining person without identifying your mistakes.

 

Conclusion:

Cryptocurrencies can really make you poor if you misuse them, but they can make you rich in 50% or more if you use them properly. So, instead of hating crypto for your own mistakes, decide to find the right path that will make you realize its value and its importance in your life.

I also hate crypto currency way back 2018 because I thought it is just a scam but it proves me that it can help my whole life and change my way of living.

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I completely agree with you, there are many people who wrongly think that they will get rich from working in the field of cryptocurrencies within a short period, and this is a big mistake in my opinion, if you want to become a successful person and earn good profits in the field of crypto, you must learn first and To work hard without getting tired and to be patient is the key to success

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@BrolySSJ Yes friend, there are people who hates crypto after they unable to succeed in it. They need to learn from their mistakes and that will give them the right way to be succeed in crypto. Apart from that they will keep blaming, hating, and the problem is them.

 

@Moaz You are right, there is no getting rich quickly in cryptocurrencies! It needs time, knowledge and a person with patience will succeed because patient is the key.

 

@CryptoDemon I like because you have be honest to share your short story. There are many people who still hating cryptocurrencies because they think it's just scam issues. But at least some governments are now adopting crypto through banks and organisations, maybe this will give them trust and many people will use crypto.

 

@mhmd7 I agree, there is profit and loss in crypto currencies just like in regular currencies. To earn profit or loss depends with our experience. I suggest many traders to learn so that they can't earn loss, though we can't avoid it all the time but we can reduce it.

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Time is the ultimate weapon!

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People who i encounter saying cryptocurrencies are bad, haven't even touched it. They often feel like they have missed the boat. They say it was luck that some people got rich and are annoyed when ever someone mentiones bitcoin because it's a reminder how they have missed out.

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12 hours ago, Calvinpriva said:

Many people have been complaining and saying cryptocurrencies are bad and can give you poverty. It is true, and I will not deny it! But they get that perspective from their own mistakes because I personally and some other people see cryptocurrencies good and can give us wealth.

 

The problem is, some people consider cryptocurrencies as a lucky thing to give them money, and that is the biggest mistake they make! Cryptocurrencies are like any other business when you decide to use them for investment, they have profits and sometimes losses, and it's the same in normal businesses.

 

So before hating cryptocurrencies, try to identify your mistakes first. You can’t love the crypto world if you don’t have crypto education, if you don’t have patience, if you don’t have financial discipline and if you continue to be a complaining person without identifying your mistakes.

 

Conclusion:

Cryptocurrencies can really make you poor if you misuse them, but they can make you rich in 50% or more if you use them properly. So, instead of hating crypto for your own mistakes, decide to find the right path that will make you realize its value and its importance in your life.

cant believe people believed that way i feel bad for them but its their fault though they have to know it right in order to proceed being a better invester.

Edited by decemberends
grammar mistakes.
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What a shame! You can't hate cryptocurrency for your own mistakes. It is true mate there are people who blame crypto everyday they say is fake but they only say that after trying to be rich quickly using crypto and they fails, 

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Its real fact in crypto currency so many peoples thinks crypto fake are scam, because they do wrong investment are believe in scam projects, when they loss money in this platform's, they Start's blaming crypto but they don't agree they do mistake, its really bad that is the reason most of peoples not trust in crypto.

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Different people has different view About crypto currency becuase some of the get Benefit from crypto world so they tell the positive thing and some get lose in crypto world so they think its bad.. But every thing has a right way to gain.. If any member has a good knowledge About crypto world then he can get benefit and those WHO did mistake cant get benefit                     

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I don't think why people hate with crypto currencies. But there are more people who loves crypto currencies. In near future crypto currencies will be dominant on forex trading. 

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10 hours ago, Moaz said:

I completely agree with you, there are many people who wrongly think that they will get rich from working in the field of cryptocurrencies within a short period, and this is a big mistake in my opinion, if you want to become a successful person and earn good profits in the field of crypto, you must learn first and To work hard without getting tired and to be patient is the key to success

There are some entrepreneur that is always saying that you cannot get rich for being an applicant and yes it is true. Here in crypto currency we are all holders and there are no applicant.

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15 hours ago, Calvinpriva said:

So before hating cryptocurrencies, try to identify your mistakes first.

The classic example would be what has happened during Bitcoin's bullruns, especially during 2017. Bitcoin hodlers getting rich off of crypto were being publicized and widely discussed, and it was said that Bitcoin's publicity rose to the point where it is turning into a hype. Some people were seeing advertisements with "Buy Bitcoin And Get Rich Quick" popping up here and there and ended up buying BTC when its price was nearly $20,000. As it turned out, the bubble burst, and they ended up hodling 'overpriced' BTC as of today.

 

There are also examples of people investing in future shitcoins without realizing it. There are woefully plenty of cases of it to deserve its own topic.

 

Maybe things have happened differently if people who didn't know a thing about cryptocurrencies did some research back then before investing. That way, they would have done things the other way. To say that they hate crypto because they have acted rashly and suffered the consequences of their mistakes would be unfair to crypto and an admission of their immaturity and refusal to learn from their follies.

 

Edited by kyoukage01
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New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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The main reason for the people loss in Crypto currency is that they think Crypto is overnight millionaire scheme and they got such offers at the beginning from scammmers and fall into the trap lossing all the investment.

We must take as the way of work and provide our enough time for research and analysis. If you use 10x leverage while starting trade sure you may loss all your funds. So start after gaining enough knowledge and start with small investment for your best.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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Peopld are only hating cryptocurrency because of their own reasons and their personal experiences is the reason why they are saying that cryptocurrency is bad. I have great experiences with cryptocurrency so I think that people should give it a try and dont be a greddy person here. 

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People are hating cryptocurrency due to its volatile nature and uncertainty, it is not bad for them who want to make investments in something productive field. Investing in highly volatile thing like cryptocurrency is itself the riskiest. Yes, we have some experiences how to play in the crypto markets to make profits according to the price volatility 😂 But, the case may not be the same for all. 

More than 80% of my friends (In my circle) have full knowledge about cryptocurrency but they never love to invest in it. The reason is, raising price of crypto coin will be OK but the sharp price drop could create frustrations in them. 

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Exactly! People think that they are going to get a lot profit from there and therefore without understanding how volatile the market is, they start investing.

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Any kind of investment is risky and can lead to huge losses and thats why its important to understand what we are doing for the different levels that we see out there are suppose to be well enabled in the different cases there is a chance to which we need to value what we are doing, and the right investment management skills are key

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23 hours ago, Calvinpriva said:

So before hating cryptocurrencies, try to identify your mistakes first. You can’t love the crypto world if you don’t have crypto education, if you don’t have patience, if you don’t have financial discipline and if you continue to be a complaining person without identifying your mistakes

Well, i will agree on this mate, many people are considering this cryptocurrency as a illegal or not a source of money, they need to read some articles on how to deal in cryptocurrency so that they will see the importance of it.

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For me, my personal experience was wonderful with cryptocurrencies because it helped me enter this field and my financial situation became better than before. Your words regarding bad use are correct, so bad use causes loss

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Everything in this life has negative and positive points, and if we can use cryptocurrencies in a correct way, we will be able to earn a lot of currencies through it, especially if our experience is great and we must not blame cryptocurrencies because they are a good source of income and there are many job opportunities in this field.

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There is a common misconception here in cryptocurrency that you can be rich easily. I think that is the common reason why other people are hating cryptocurrency because they thought that they can be rich but the truth is just like in other jobs you need to work yourself up and grind so that you can earn big. 

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Those complaining, bitterly lamenting against Crypto currencies system, I think are those who loose due to their negligence. You see obeying the regulations and learning the situation at the market is very important. Don't the over greediness to make money burning consumed you. Take your time and learn before starting and when made a mistakes learn from your mistakes in order to avoid future occurrence and move on, this is how you will one day become a perfect and mark a surprise achievements.

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The same issue with forex trading; somehow, it is the human nature to dislike something that has made you lose serially. I have friends and family who have vowed never to make any investment due to previous experiences. 

I blame that however on lack of proper knowledge and know how; cryptocurrency trading isn't like buying and selling in a supermarket. One can't just venture into it regularly to make quick profits, the volatility nature won't allow that.

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My Altcointalks username —° Raqeebzy

 

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You can hate crypto or any field as you like, but this will not make this field disappear, instead of this you should think how to change your behavior in the field in order to benefit from it.

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The six-month low for EUR/USD was recorded on 16 April at 1.0600, against the backdrop of the Eurozone's fragile economy and in sharp contrast with the stable US economy. But gradually, business activity in Europe began to recover, and according to the April report, it grew even faster than on the other side of the Atlantic. This contributed to the positive dynamics of the euro. Reuters experts noted that the gap between economic indicators in Europe and the US is narrowing, providing some support to the euro.   EUR/USD closed the week at 1.0868. As for the analysts' forecast for the near future, as of the evening of 17 May, the majority (65%) expect the dollar to strengthen, 20% foresee further weakening, and the remaining 15% took a neutral stance. All trend indicators and oscillators on D1 are 100% coloured green, with a quarter of them signalling that the pair is overbought. The nearest support for the pair is located in the zones of 1.0815-1.0835, then 1.0710-1.0725, 1.0665-1.0680, 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, 1.0000. Resistance zones are found at 1.0880-1.0915, 1.0965-1.0980, 1.1015, 1.1050, and 1.1100-1.1140.   The schedule of the most important events for next week is as follows. On Tuesday, 21 May, US Treasury Secretary Janet Yellen is scheduled to speak. On Wednesday, 22 May, the publication of the minutes from the last FOMC (Federal Open Market Committee) meeting of the US Fed is of particular interest. The next day, as usual, we will learn about the number of initial jobless claims in the US, as well as receive preliminary data on business activity (PPI) in Germany, the Eurozone, and the United States. At the very end of the workweek, on Friday, 24 May, we will learn the GDP data of Germany for Q1 2024.   CRYPTOCURRENCIES: Weak USD = Strong BTC   "A week of reflection and uncertainty": this is how we described the previous review. On Wednesday, 15 May, this uncertainty was resolved in favour of the crypto market. As often happens, the reason for this was the Fed's monetary policy. The released inflation data in the US influenced market expectations regarding a rate cut. As a result, the American currency weakened, the DXY index went down, and investors' risk appetites increased. Stock indices reached historical highs, with the daily gain for BTC/USD exceeding 8%. ETH/USD also rose by 4.5%. However, this is not yet the long-awaited Bull Rally, and it is quite possible that once the situation with the dollar calms down, the growth of bitcoin and leading altcoins will cease. At least, this is the scenario many crypto market specialists predict.   According to Capriole Investment founder Charles Edwards, bitcoin is in a "deathly boring" stage. He believes that the current consolidation period may last from one to six months, during which the quotes will remain in a low-volatility range. This will continue until traders lose patience.   Sentiment will be most negative just before the end of the flat period, Edwards believes. "When you get tired of the sideways movement, common symptoms will include thoughts that the halving is already priced in and the bull market is over. […] Your symptoms and shorts will peak just before the mega-rally," predicts the head of Capriole Investment.   Galaxy Digital head Mike Novogratz also spoke about the consolidation of the crypto market, whose growth dried up three months after the launch of spot BTC-ETFs. In his opinion, until new circumstances or events lead to growth, the first cryptocurrency will trade in the range of $55,000 to $75,000.   Analyst Rekt Capital expressed a similar point of view. He believes that the threat of a bitcoin price drop after the halving has already passed. Drawing an analogy with the situation six years ago, he suggested that on 01 May, BTC hit a bottom around $56,000, and now calm will likely prevail until autumn, with the asset remaining in the accumulation zone. According to Rekt Capital's forecast, the exponential growth phase will begin in the autumn, during which the coin's value will reach new heights.   Bitfinex crypto exchange experts are somewhat more optimistic. They believe that the current lull may last only until the beginning of summer, and in Q3–Q4, growth will return. But everything depends on the actions of the US Fed. Bitfinex notes that the decline of the US currency from a six-month peak after the May meeting of the regulator and a weak employment report became a turning point in the trend. Now, the reduction in inflationary pressure in the US has been added. As a result, the weakening of the US currency could stimulate a rally in digital assets.   Where will this rally lead in the medium and long term? There are many answers to this question. Some predict the complete collapse and oblivion of bitcoin, while others insist on a price of $1 million per coin. Recently, Jack Dorsey, co-founder of Twitter (now X) and head of Block, joined the "millionaires' club" after CMCC Crest co-founder Willy Woo. He also expects bitcoin to surpass the $1 million mark by 2030, after which it will continue to grow, challenging traditional fiat currencies. The entrepreneur noted that a very interesting aspect of digital gold is the nature of its ecosystem and how it stimulates collective efforts to improve the network. "Aside from the founding story, the most amazing thing about bitcoin is that everyone [...] who makes any effort to improve it makes the whole ecosystem better, which drives the price up. This is an incredible movement. [...] It has taught me a lot," he explained.   Businessman, writer, and founder of Edelman Financial Services Ric Edelman believes that traditional international investors will do everything possible to diversify their portfolios. And if they all invest at least 1% of their funds in the first cryptocurrency, the bitcoin market volume will reach an unprecedented $7.4 trillion, and the asset price will soar to $420,000. The growth of the market capitalization will be facilitated by spot BTC-ETFs. According to Edelman, they cover a much broader investor base than traditional assets. "In addition, crypto ETFs are incredibly cheap. They are 20-25% cheaper than assets on Coinbase or other crypto exchanges. Plus, they are held in brokerage accounts. Bitcoin ETFs allow for traditional investment strategies such as rebalancing and dollar-cost averaging. There are also tax advantages," Edelman lists the advantages of such funds. "I am confident that bitcoin and ethereum ETFs will have a significant impact on the market in the long run," he stated.   However, this last assertion can be disputed. While BTC-ETFs are a reality, the situation with ETH-ETFs is not so simple. Many expected the SEC (Securities and Exchange Commission) to approve applications for the launch of ethereum funds in May. But this has not happened yet. Moreover, Bloomberg analyst Eric Balchunas and securities lawyer Scott Johnson believe that the chances of approving spot ETH-ETFs are almost zero. In their opinion, the SEC is now considering the possibility of rejecting these funds' launch based on the fact that the applications were submitted with violations, as the fund shares are securities, not exchange-traded commodities. The question of choosing between bitcoin and ethereum confronts many investors. The roles of these two cryptocurrencies differ, and this can significantly affect their profitability. Bitcoin is increasingly seen as digital gold, providing stability during times of economic uncertainty. This concept is supported by the observed post-halving volatility decrease, which was even lower than that of many companies in the S&P 500 index (Fidelity data).   Ethereum continues to push the boundaries of what is possible through technological innovations, including the recent Dencun update aimed at reducing fees and increasing scalability. However, these changes have once again made the network inflationary, nullifying the deflationary trend established after The Merge in 2022. As a result, ETH's volatility remains higher than BTC's.   According to ChatGPT, the artificial intelligence from OpenAI, the choice between these assets largely depends on individual investment strategy and risk tolerance. Bitcoin is generally better suited for investors seeking a relatively safe store of value and those new to cryptocurrencies. In contrast, Ethereum is better for those who believe in the future of blockchain technology. The main altcoin potentially offers higher rewards but also higher risks.   Investor and Eight founder Michaël van de Poppe has already made his choice. He admitted to selling all his bitcoins to buy altcoins. Van de Poppe believes that many of them are undervalued. And as soon as ETH prices start to rise, other alternative tokens will also go up. The expert believes that the altcoins he has chosen are likely to start growing earlier and faster than the market leader, allowing for greater profit than from investments in digital gold.   At the time of writing this review, the evening of Friday, 17 May, BTC/USD is trading at $66,835, and ETH/USD at $3,095. The total market capitalization of the crypto market is $2.42 trillion ($2.24 trillion a week ago). The Crypto Fear & Greed Index has risen from 66 to 74 points but remains in the Greed zone. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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