How do you lose money on crypto????steemCreated with Sketch.

in #cryptocurrency7 years ago (edited)

When I heard that someone lost money on cryptocurreny investments I just can't believe it because it is impossible!
Only possibility that you lose your money is that you are impatient or fearful that you gonna lose all and you sell your crypto when it is low.
Even if you buy any crypto for highest price if you wait long enough you will make profit because eventually all cryptos are growing.
In this early fase all you need to be is bold and brave and patient.
Be aware that only few % of people on the planet are using cryptocurrencies and the future is that everyone will have them, no question about that.
And just so you know Litecoin is on the move, price is rising.

Of coure I was not talking about no liquidity scam cryptos.

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One might invest in a pump-and-dump coin on the worst possible moment.

One might sell a coin when he sees it dip for the first time.

One might do a lot of transactions on the exchange. And not making enough profit to compensate for it.

Of course all of the above could be resolved by thinking clearly and being patient..

Very nice completion of post! @faces

I bought litecoin when It was 80 I have faith that soon will exceed that level Litecoin is a great project. regards

I'm sure that it will rise even higher it's just the matter of time.

On it's way :)

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