{"id":1382,"date":"2018-07-10T17:54:48","date_gmt":"2018-07-10T16:54:48","guid":{"rendered":"http:\/\/www.wasteyourtime.co\/?p=1382"},"modified":"2019-09-06T12:27:01","modified_gmt":"2019-09-06T11:27:01","slug":"losses-crypto","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/07\/losses-crypto\/","title":{"rendered":"How to Quickly Make Losses on Crypto?"},"content":{"rendered":"<p><strong>Make losses on crypto, it sounds so impossible. But life is not the fairy tale.\u00a0<\/strong><\/p>\n<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">2 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1384\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/losses-e1531241216657.jpg\" alt=\"\" width=\"700\" height=\"700\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Yes, how to quickly make losses on crypto. Of course, I didn&#8217;t make a mistake in the title. I even didn&#8217;t mean to say <\/span><b><i>&#8220;how to make a quick profit&#8221;<\/i><\/b><span style=\"font-weight: 400;\">. Although that&#8217;s precisely what attracts some people to <\/span><b><i>cryptos<\/i><\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because of the story of the people who<\/span><b><i> bought bitcoins <\/i><\/b><span style=\"font-weight: 400;\">in the period from 2009 to 2012, and now they are wealthy, many of you can think that <\/span><b><i>cryptocurrencies<\/i><\/b><span style=\"font-weight: 400;\"> are a<\/span><b><i> shortcut to opulence<\/i><\/b><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><a href=\"http:\/\/traders-paradise.com\/magazine\/2018\/06\/just-5-fing-minutes-in-trading-to-find-what-bs-is\"><b><i>You can earn quick<\/i><\/b><\/a><span style=\"font-weight: 400;\">, it is not impossible, \u00a0but this quick profit goes side by side with <\/span><b><i>a big risk<\/i><\/b><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whoever loves quick earnings at high risk, should go betting or to casinos. It is much faster than earning on cryptocurrencies.\u00a0<\/span><br \/>\n<span style=\"font-weight: 400;\">This post is for those who see the possibility of quick earnings in cryptocurrencies, and don&#8217;t see the risks.\u00a0<\/span><\/p>\n<p>The truth is: you can gain a suitable profit, but also you can quickly make losses on crypto.<\/p>\n<p><a href=\"http:\/\/traders-paradise.com\/magazine\/2018\/07\/your-money-is-at-risk-when-trading\"><b><i>There is no profit with no risk<\/i><\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Even in the world of cryptocurrencies. I&#8217;ll try to briefly introduce some of the biggest traps for insufficiently informed investors and traders who are looking for quick wages.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/losses-crypto\/#Cloud_mining\" >Cloud mining<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/losses-crypto\/#Where_is_the_catch\" >Where is the catch?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/losses-crypto\/#The_reason_is_clear\" >The reason is clear:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/losses-crypto\/#Trading_markets\" >Trading markets<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Cloud_mining\"><\/span><b>Cloud mining<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You&#8217;ve probably heard that cryptocurrencies are generated through the <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/11\/cryptocurrency-mining\/\">&#8220;mining&#8221;<\/a> process. You can invest a certain amount of money in hardware, this hardware is set to &#8220;miners&#8221; and money starts to come. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although many overlook the amount of work and some of the costs that exist there, it is still relatively difficult to find a miner to whom this investment is not profitable.<\/span><\/p>\n<p>Anyway, chances to quickly make losses in crypto are bigger here than anywhere. The equipment is more expensive and more complicated, <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/11\/asic-miner\/\">crypto mining<\/a> has become the business of big companies. There should be no illusion about that.<\/p>\n<p><span style=\"font-weight: 400;\">There is another type of mining, which many have &#8220;harnessed&#8221;, known as <\/span><b>Cloud Mining<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s a much more elegant variety. You can rent someone&#8217;s hardware to mining for you, with a fee to the hardware owner. <\/span><\/p>\n<blockquote><p><b>That&#8217;s it! Voila!!! <\/b><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">However, there is one big problem: <\/span><b><i>most of those who rent this hardware, don&#8217;t actually have it!<\/i><\/b><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_is_the_catch\"><\/span><b>Where is the catch?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">They pay old investors with money taken from new ones.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most of those who offer cloud mining are fraudsters. Personally, I would never invest in it,\u00a0because\u00a0there are a\u00a0lot\u00a0of\u00a0possibilities to quickly make losses on crypto.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But if somebody wants, here are some things on which you have to pay attention:<\/span><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1385 alignright\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/mining-e1531241339428.jpg\" alt=\"\" width=\"225\" height=\"225\" \/><br \/>\n<b>*<\/b><span style=\"font-weight: 400;\"> If you buy hardware for mining, you need about a year to pay for equipment. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Honestly, <\/span><b><i>there are no guarantees that you will ever repay the investment<\/i><\/b><span style=\"font-weight: 400;\">. But whoever gives you guarantees that you can through cloud mining make more than 100% a year, you can be sure he is a fraudster.\u00a0<\/span><span style=\"font-weight: 400;\">If an alleged cloud mining company is not recognized, for example, on blockchain.info\/pools, it&#8217;s all fraud. There is a very small possibility to find it in the &#8220;unknown&#8221; category, but this option is really very small.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1386 alignleft\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/fake-coins-e1531241613193.jpg\" alt=\"\" width=\"350\" height=\"236\" \/><br \/>\n<b>Fake cryptos<\/b><br \/>\n<span style=\"font-weight: 400;\">There are currencies which are presented as cryptocurrencies, and in fact, they are not. As something is not cryptocurrencies, it still doesn&#8217;t mean that it&#8217;s a scam, but you have to be very careful. When someone suggests you invest in a particular crypto, this is what you have to be aware, in order to avoid to make quickly losses on crypto:\u00a0<\/span><br \/>\nIf the income is not guaranteed by a company, but the individual who offers you this investment, then that individual is either a fraudster or unauthorized person.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_reason_is_clear\"><\/span><strong>The reason is clear: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There are no guaranteed earnings in cryptocurrencies, nor anywhere else!<\/p>\n<p>Also if the currency cannot be bought or sold on the free market, you should be very cautious.<\/p>\n<p>In this case, there is the opportunity that price is manipulated and keep at an unrealistically high level in order to make the investment cost-effective.<\/p>\n<blockquote><p><b>Cryptocurrencies generally are open source, if they are not, you can be sure it&#8217;s fishing.<\/b><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Trading_markets\"><\/span><b>Trading markets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Whoever is considering <b><i>trading on the stock exchange<\/i><\/b><span style=\"font-weight: 400;\"> should have one thing in mind: there are always<\/span><b><i> more losers than winners<\/i><\/b><span style=\"font-weight: 400;\">. That mean, you have to be better than most participants and then you can earn. <\/span><\/p>\n<blockquote><p><b>All right, all the generals are great after the battle. Don&#8217;t listen the others, you have to find your own path.<\/b><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/most-common-mistakes-made-by-beginners-trading-cryptos\/\">If you do not have experience with trading on the stock or cryptocurrencies markets<\/a> or knowledge, there is the bigger chance you will be easy prey.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That&#8217;s all I have to tell you at this moment.\u00a0<\/span><span style=\"font-weight: 400;\">Let us know what do you think!<\/span><\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\/\"><b>Risk Disclosure (read carefully!)<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Make losses on crypto, it sounds so impossible. But life is not the fairy tale.\u00a0 2 min read Yes, how to quickly make losses on crypto. Of course, I didn&#8217;t make a mistake in the title. I even didn&#8217;t mean to say &#8220;how to make a quick profit&#8221;. Although that&#8217;s precisely what attracts some people [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1015,1012],"tags":[200,201,89,109,202,203,204,205,206],"class_list":["post-1382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-traders-secrets","tag-biggest-traps","tag-cloud-mining","tag-crypto-trading","tag-cryptocurrencies","tag-losses","tag-profit","tag-quick-loss","tag-quick-profit","tag-trading-risks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Quickly Make Losses on Crypto? - Traders-Paradise<\/title>\n<meta name=\"description\" content=\"Make losses on crypto, it sounds so impossible. 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