Who is cryptocurrency suitable for?

[Green World Agency]

What do you think cryptocurrency is for? Why do some people make a lot of money from it, and why do so many people lose everything?

 

[shijin]

People who succeed usually have strategy, risk limits, and zero FOMO, anything else is gambling

 

[Green World Agency]

You are right, and the important thing in my opinion is greed, we have to control it.

 

[andrew mapple]

What do you think cryptocurrency is for? Why do some people make a lot of money from it, and why do so many people lose everything?

Most people think that by investing in cryptocurrency now, they’ll get rich. They don't have proper risk management and don't understand what crypto really is. They just invest their money and end up with losses.

 

[Green World Agency]

Most people think that by investing in cryptocurrency now, they’ll get rich. They don't have proper risk management and don't understand what crypto really is. They just invest their money and end up with losses.

Yes, in my opinion, this is also a way of investing that brings high profits. But along with it, you must have enough knowledge to invest and manage risks well.

 

[WAndreas]

Some countries offer tax breaks for profits made in cryptocurrency.

 

[Green World Agency]

Some countries offer tax breaks for profits made in cryptocurrency.

Sir which countries are those?

 

[goldmon]

lot of people dont have pation and they lose a lot.

 

[Green World Agency]

lot of people dont have pation and they lose a lot.

Yes I also rushed into crypto without knowledge and lost money

 

[Eastuncr]

What do you think cryptocurrency is for? Why do some people make a lot of money from it, and why do so many people lose everything?

The people that make a lot of money on the cryptocurrency markets usually have proper risk management techniques. That's very important.

 

[SEOGrowtthZone]

Crypto is risky and not for everyone some make money by learning and being careful others lose because they take big risks or don’t understand it research and start small always helps.

 

[Green World Agency]

Crypto is risky and not for everyone some make money by learning and being careful others lose because they take big risks or don’t understand it research and start small always helps.

very true sir. many people consider it professional gambling

 

[chockfactor]

Well a lot have decided to join the meme coin trenches hoping for quick riches but nowadays the amount of meme coins launching means most don't go that far.

But ofc crypto for payments and especially international payments.

If we take blockchain as such cyber security,proof of authenticity. Also I like I can more easily trade how I want in the Crypto space instead of those normal trading platforms.

 

[noithattuephat]

crypto in general good, very good. gambling on the other hand, not so much.

 

[Green World Agency]

crypto in general good, very good. gambling on the other hand, not so much.

If you have enough knowledge, cryptocurrency is also a way to invest and make profit, sir.

Well a lot have decided to join the meme coin trenches hoping for quick riches but nowadays the amount of meme coins launching means most don't go that far.

But ofc crypto for payments and especially international payments.

If we take blockchain as such cyber security,proof of authenticity. Also I like I can more easily trade how I want in the Crypto space instead of those normal trading platforms.

Yes man, international money transfer is very convenient and the fees are very low.