kalpana007
Elite Member
- Jun 16, 2022
- 1,854
- 500
Is is true that most of the crypto investors do not have full understanding of blockchain? They are investing in crypto just for profits.
Is is true that most of the crypto investors do not have full understanding of blockchain?
- Thread starter kalpana007
- Start date
Yeah it's true, sometimes i see that they have dollar signs in their eyes, "toooo the moon". They don't know what they are doing, they don't analyze particular token - market cap, total distribution, circulation, holders and actual use of token. They are just influenced by others. This is my opinion
DIG1T
Newbie
- Feb 20, 2024
- 15
- 8
pretty much sums up why memecoins in general are so popular, people are very much into gambling.
- Jun 26, 2023
- 157
- 61
For sure... And to take an example from a bygone era, it was the same thing during the ICO hype, nobody knew anything about anything but invested on unsubstantiated promises, words. But not on technology!
- Sep 6, 2023
- 209
- 101
You need to learn first before you do a trading.
captchakiller
Registered Member
- Mar 31, 2024
- 99
- 25
Yes most crypto investors do not know much about the blockchain, people hear about crypto and the money involved just to gamble their money away at the end of the day investing into a shitcoin.
Somenpla
Junior Member
- Feb 14, 2023
- 131
- 24
Yeah, you hear that a lot! Some crypto investors probably are in it for the quick buck, without knowing all the tech behind it. Blockchain can be complicated, but hey, that doesn't mean you can't invest. Just do your research, choose a safe platform, and don't go all in - crypto can be volatile!
- Nov 15, 2022
- 1,109
- 988
Most people in crypto is losing money and this is one of the reasons that explain that
JomaDev
Junior Member
- Jul 7, 2024
- 100
- 18
It is what it is. You could say the same with stocks or ETFs. Most of the money is made by "hearing" meaning you only will make money if you buy a rumour and sell the news or the result of it.
People love to spread news to hype things and make you buy at high points. Only a few like us, understand how the market works and what kind of beasts are swimming around us. If we want to make money we need to swim with them and keep in mind "dumb money for smart people", you need to see how the whales hide their fortunes and split between altcoins.
You can change your life by studying, but no one wants to do it these days. They want easy things, and believe in whatever someone else says without looking to research and fuel their thoughts by understanding the meaning of every project where they invest because "they have a feeling that someone else made them feel".
People love to spread news to hype things and make you buy at high points. Only a few like us, understand how the market works and what kind of beasts are swimming around us. If we want to make money we need to swim with them and keep in mind "dumb money for smart people", you need to see how the whales hide their fortunes and split between altcoins.
You can change your life by studying, but no one wants to do it these days. They want easy things, and believe in whatever someone else says without looking to research and fuel their thoughts by understanding the meaning of every project where they invest because "they have a feeling that someone else made them feel".
Kh0rium
BANNED
- Feb 23, 2024
- 15
- 9
Fully agree, though for the older generations I don’t think learning how to manage cold wallets and and all the technicals involving so many different chains is an option. The learning curve is simply too large for most people, that’s the main reason for the ETFs being so popular.
Mr_Sinatra
Newbie
- Jul 8, 2024
- 37
- 12
Idk, but it's true that most people don't have a clear idea about what they are doing
cutiepurple89
Junior Member
- Sep 30, 2023
- 157
- 31
yes. big money dont have brains. 
they only cares for profit
they only cares for profit
Elliott Murazik
Newbie
- May 1, 2024
- 2
- 0
Elliott Murazik
Newbie
- May 1, 2024
- 2
- 0
Yes, correct.