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Delgboke

What are your fears before investing in crypto?

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Yes of course as everybody else you also thought that it was a scam. And now it is adopted by banks and Wall Street so is there any reason to discuss that everybody thought it was a scam? There isn't. My fears are only about doing the same mistakes and not holding for a long time as I want. I want to make some good investments that will not dive first 50% before they start rising and profit me, but this is crypto and we require patience.

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The first time I heard about cryptocurrencies, it was something interesting for me, since I like everything that has to do with new technologies, I started without putting any of my money, everything I currently have, I have earned it with effort and reviewing all the projects that come out. If you are new to this and you are not sure about cryptocurrencies, you do not invest money from your bag

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My fear is that I will not be able to retrieve my money from the wallet, and this happened to me, unfortunately, and by my good fortune that it was not a large amount, $ 4 was equal to the currency that I stored in the trust portfolio and unfortunately I forgot the password for my account and I lost them, but I compensated for this after that from my profits from trading.

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This post is not constructive and does not help in anyway. Just a simple question without any meaning about what were our fears and not about anything else like we are only yesterday in crypto. I am sure this person was trying to make posts with the least effort and it is obvious.

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My thoughts was that this is not a scam and it is a great way to make money. I didn't have fears beacuse I didn't know that prices could go down 50% in a few days but this happened too and now I am more experienced.

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I am not agree and think this is very wrong to make a mistake and think it is a scam. We can be suspect but why are you not think first of all that it is what they say it is. I am too come from a country with many sacmmer and I am not sure about anything but this is not mean we have to think everybody is after me.

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I had this fear about being a scam but I was completely newbie and didn't have any knowledge. I read a few articles and seen some videos to understand the technology but it wasn't easy. Still it has so many interesting parts that can be used outside of Bitcoin too.

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I don't know how you concluded it was a scam without looking first but anyway this is how many people feel about Bitcoin. Crypto it is word containing all cryptocurrencies and it had so many scams involved that are counted in billions of dollars. So if you only thought about crypto you thought well. But Bitcoin and some of the cryptocurrencies have nothing to do with scam.

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Investing is always taking a risk that's why most people are afraid to. Many people are afraid of loosing their capital amount and in this way they can also lose their belief in crypto


                                                    BetFury                                                   

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On 12/10/2019 at 9:27 AM, Delgboke said:

In my early stage in the world of cryptocurrency the moment I heard it, I just concluded that it was a scam that was my major fear as of that time, What was your thought before coming into the business? 

Price volatility  of cryptocurrency  is an important fact to give me fear when investing in the cryptocurrency. Some time I have the big FOMO

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None. I was one of those users who are afraid to buy Bitcoin and cryptocurrency in general, but as soon as I studied well, The fear is gone and I started to invest in it. But be careful because many projects will ended only in failure and loss of money for investors nowadays.


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Back in my early days in this crypto world, I was fearful to end losing my whole investment in bitcoin due to a massive dump in the price. Now I understand that there is not a huge possibility of  losing all one's money, especially nowadays that more institutional money is getting invested in bitcoin. 

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I was afraid that I would lose all my money since I needed money badly but then I lost my fear and now I invest in many things in cryptocurrencies.

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My initial fear in the crypto world was that I was afraid of losing money and thought that carrying cryptocurrency was a scam. After I entered the crypto world, that kind of thinking no longer exists, it turns out that the crypto world is very profitable more than I thought. If someone thinks crypto is a scam, it's good to try to join in so you don't misunderstand and can take advantage of cryptocurrency.

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The fear factor in the investment is the fear to lose the all assets. Because of the fear to loos most  of the users doesn't deal with the trading. It's true there is some risk factor but the trading is the best way get some earn from the market. The traders should be experienced. 

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Hey friend, i am a beginner here and i have some fears regarding cryptos. My first fear is, whether the price of the coin u invest in will go down very badly and it will incur me huge losses, then another fear is, my lack of skills and experience in investing. So I'm trying to learn more to gain good knowledge and skills in trading and investing to avoid future losses.

Edited by Ponnnu

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My fears and fears dear friend and colleague of this great forum are in losing all my money invested in any platform that may fall, which by the way has already happened to me on some occasion
Good luck and big winnings for the whole community
A big greeting

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The truth is that I was never afraid, maybe a little anxious. Whenever I invested, I did it with the conviction and dedicating a lot of time to the previous study. Surely it will touch that we find ourselves with losses that will always happen, the important thing is not to go into tilt and to carry the bad spells.

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I believe that everyone at the beginning is afraid to invest in a currency and after a short time it begins to drop a lot in price, for that reason education and research are your best weapons to trust a project.

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I think the biggest fear you have to face in investment is the your account balance. If you have purchased the coins at the high rate and them suddenly the market turns down which is the worst fear have to face by many members. And I am also afraid to the hackers and scammers .  And my investment on the trading. So we have to face these things with the confidence and patience. Because profit and loss is the part of our life. So don't worry about that.

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When I was a beginner, all investments in cryptocurrencies seemed scary to me, but analyzing, reading information, you begin to understand and slowly join this world. Although there is always a fear of losing your money, but if you work hard, everything will be fine.

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We don't trade to be fearful of something. Don't start a trade with fear because you might not be able to stop it in the middle and this can cause catastrophic failures. There are lots of rules for how to trade safely. What is important is that how and where you start. Start from a low position and choose a coin after consulting and comparison. Enter your position by obeying these rules and then you have nothing to worry about. Just monitor your coins on a daily basis.

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On 12/10/2019 at 4:42 AM, Delgboke said:

In my early stage in the world of cryptocurrency the moment I heard it, I just concluded that it was a scam that was my major fear as of that time, What was your thought before coming into the business? 

It was common in the past that cryptocurrencies are a fraudulent currency, and with the passage of time, currencies gained great confidence, and I think that the concerns facing many are the depreciation of the currency when trading and the inability to retrieve money, and this constitutes a great barrier to many.

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In my early stage of crypto currency I always wounder the possibility to make use of application or site developed by someone in store my capital in it without been tamper by any third party especially in this day scammer and hacker before  unknown to me it's visible 

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I think that most of my fear comes from the exchanges, because I have a hard time trusting others, so for me when I try to invest, there will be a little fear about losing it.

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The next day, Wednesday, 15 May, important indicators such as Consumer Price Index (CPI) and retail sales volumes in the United States will be published. On Thursday, 16 May, the traditional number of initial jobless claims in the US will be announced. And at the very end of the working week, on Friday, 17 May, we will learn the Eurozone CPI as a whole, which may influence the ECB's decision regarding the euro interest rate.   GBP/USD: Pound Remains Under Pressure but Holds On   At its meeting on Thursday, 9 May, the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. 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The chart shows a distinct surge on Thursday, 9 May, triggered by data indicating a cooling US labour market. The pound was also supported by optimistic GDP data for the UK for Q1 2024 and manufacturing sector data for March. GDP (quarter-on-quarter) rose by +0.6% after a decline of -0.3% in the previous quarter (forecast +0.4%). Additionally, the GDP grew by +0.2% year-on-year, recovering from a fall of -0.2%.   As with the euro, the pound is under pressure from the prospect of earlier monetary policy easing by the BoE compared to the Fed. However, the British currency ended the past week above the key 1.2500 level, at 1.2523. Moreover, 65% of analysts expect the pair not only to hold above this horizon but also to continue its growth. The remaining 35% voted for the pair's movement south. As for technical analysis, trend indicators on D1 are split 50-50. Among oscillators, only 10% recommend selling, 40% took a neutral position, and 50% recommend buying (10% of them signal overbought conditions). If the pair rises, it will encounter resistance at levels 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, and 1.2885-1.2900. In case of a fall, it will face support levels and zones at 1.2490-1.2500, 1.2450, 1.2400-1.2410, 1.2300-1.2330, 1.2185-1.2210, and 1.2070-1.2110, 1.2035. The upcoming week's calendar highlights Tuesday, 14 May, when data from the UK labour market will be released. Also of interest is the Inflation Report hearing scheduled for Wednesday, 15 May.   USD/JPY: $50 Billion Interventions Wasted?   It seems that until the Bank of Japan (BoJ) takes confident and clear steps to tighten its monetary policy, nothing will help the yen. At its meeting on 26 April, the board members of this regulator unanimously decided to leave the key rate and QE program parameters unchanged. Expectedly tough comments on the outlook were also absent. This inaction increased pressure on the national currency, sending the USD/JPY pair to new heights. It continued its cosmic saga, reaching a new 34-year high of 160.22. Following this, Japan's financial authorities finally decided on a double currency intervention. Although there was no official confirmation, experts estimate its total volume at $50 billion.   Did it help? Judging by the USD/JPY chart, not really. The pair headed north again last week. Unlike the euro and the British pound, the yen barely reacted even to weak US labour market data on Thursday, 9 May, only slowing its decline.                    All this occurs amid endless statements from the Japanese Central Bank and Ministry of Finance about their readiness to take necessary measures to reduce speculative pressure on the national currency. The published minutes of the BoJ meeting show that most board members took a "hawkish" stance, calling for a rate hike.   However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year. The last chord of the past five days sounded at 155.75. Economists at Singapore’s United Overseas Bank Limited (UOB) expect the USD/JPY pair to trade in the 154.00-157.20 range in the next 1-3 weeks. UOB also believes that the chances of it falling to 151.55 have significantly diminished. Overall, most experts (70%) simply shrug their shoulders in uncertainty. The remaining 30% persistently expect the yen to strengthen. As for technical analysis, 100% of trend indicators on D1 look north. Among oscillators, 50% are such, 15% point south, and 35% point east. Regarding support/resistance levels, traders should note that with such volatility, the slippage can reach many tens of points. The nearest support level is around 155.25, followed by 154.70, 153.90, 153.10, 151.85-152.25, 151.00, 150.00, after which come 146.50-146.90, 143.30-143.75, and 140.25-141.00. Resistance levels are 156.25, 157.00, 157.80-158.00, 158.60, 159.40, and 160.00-160.25.   Events of the upcoming week include the release on Thursday, 16 May, of preliminary GDP data for Japan for Q1 2024. No other significant publications regarding the Japanese economy are expected in the coming week.   CRYPTOCURRENCIES: A Week of Reflection and Uncertainty     What will happen to bitcoin in the foreseeable future? It seems there is no clear answer to this question. Experts and influencers often point in opposite directions: some shoot for the stars, while others keep their eyes on the ground.   For instance, according to the founder of Pomp Investments, Anthony Pompliano, bitcoin is "stronger than ever." He concluded this based on the 200-day moving average (200 DMA) reaching its ATH (All-Time High) of $57,000. Michael Saylor, CEO of MicroStrategy, is also optimistic. In his latest message, he urged investors to "run with the bulls." (It should be noted here that MicroStrategy holds 205,000 BTC on its balance sheet, so Saylor's bullish calls are quite understandable. He simply has to do this for his company to profit rather than incur losses).   However, analysts note that bitcoin's fate depends not only on the rosy calls of the MicroStrategy CEO. And if buyer support weakens, BTC could break through the key support level of $61,000, falling to the $56,000 zone, where significant liquidity is concentrated. MN Trading founder Michael Van De Poppe does not rule out another correction to around $55,000. However, the specialist quickly reassures investors, stating that this is quite acceptable as long as bitcoin holds above $60,000. Anthony Pompliano believes that the price will not fall below $50,000, and another expert, Alan Santana, does not rule out a drop to $30,000.   Trader and analyst Rekt Capital believes that the first cryptocurrency has exited the post-halving "danger zone" and entered the initial phase of re-accumulation. According to this expert, in 2016, BTC demonstrated a long red candle after the halving, falling by 17%. This time, the pattern repeated, with the difference between the post-halving maximum and minimum being 16%. The price reached a local bottom at around $56,566 but then rose to $65,508, on which Rekt Capital concluded that it re-entered the "re-accumulation range." However, there is one "but" - after this, we again observed a drop to $60,175. Overall, it seems that BTC/USD is in a descending channel, which increases investor concern.   In general, the forecasts are quite diverse. Information on the activity of various categories of traders and investors also varies. Analyst and CMCC Crest co-founder Willy Woo noted the activity of so-called crypto dolphins and sharks. "There has never been such a rapid purchase of coins by wealthy holders as in the last two months when the price fluctuated between $60,000-70,000. We are talking about those who hold from 100 BTC to 1000 BTC or approximately $6.5-65 million," he explained. On the other hand, according to CryptoQuant analysts, whales holding from 1000 to 10000 BTC, unlike dolphins and sharks, have behaved quite passively. Michael Van De Poppe, for his part, notes the absence of retail investors.   All this suggests that we may not see new all-time highs for BTC in the coming months. We wrote about this in the previous review, citing, among other things, the opinion of such a Wall Street legend as Factor LLC head Peter Brandt. With a 25% probability, he assumed that bitcoin had already formed another ATH within the current cycle. As for long-term forecasts, nothing has changed here - most of them predict a powerful bull rally for bitcoin. Anthony Pompliano writes about this. Willy Woo expects bitcoin to continue increasing its penetration into various spheres of everyday life, meaning the number of users will grow. "By 2035, we expect bitcoin's fair value to reach $1 million. This forecast is based on the user growth curve. And I'm talking about fair value, not a peak during a bull market frenzy," the analyst notes.   The author of the bestseller "Rich Dad Poor Dad," entrepreneur Robert Kiyosaki, once again included bitcoin in the TOP-3 ways to save and increase capital. "Bad news: the [currency market] crash has already begun. It will be severe. Good news: a crash is the best time to get rich," he wrote, offering several recommendations on how to act in a crisis. Let's note two of them. The first reads: "Find an additional source of income. Artificial Intelligence will destroy millions of jobs. Start a small business and become an entrepreneur, not an employee afraid of losing a job." "Don't hoard fake money (US dollar, euro, yen, peso) that is losing value. Hoard gold, silver, and bitcoin - real money whose value increases, especially in a market crash," is Kiyosaki's second recommendation.   Regarding bitcoin's growth, Kiyosaki is absolutely right; it's even pointless to argue. According to a study by Colin Wu, better known as WuBlockchain, over the past decade, the price of the leading cryptocurrency has grown by an astonishing 12,464%, outpacing giants like Amazon, Apple, Google, Meta, Tesla, and Netflix. BTC was second only to Nvidia (+17,797%). But the fact that bitcoin took second place, being a representative of a relatively new and volatile market, is a real achievement. BTC's impressive growth trajectory over the past decade demonstrates its resilience and potential as an essential component in investors' portfolios.   At the time of writing this review, on the evening of Friday, 10 May, the BTC/USD pair is trading at $60,470. The total market capitalization of the crypto market is $2.24 trillion ($2.33 trillion a week ago). The Crypto Fear & Greed Index has risen from the Neutral zone (48 points a week ago) to the Greed zone, now standing at 66 points. 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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