Post
Topic
Board Economics
Re: Five reasons 2018 could be the best year yet for cryptocurrencies.
by
stevegreer
on 25/02/2018, 16:31:10 UTC
I don't feel the same. This isn't a playing ground. It's probably one of the most brutal markets out there. If you don't understand how this market works, and don't have a clue about what Bitcoin is or does, you are bound to lose big time. It's called gambling if you blindly put your money into something hoping that it will result in profits.

I get what you're saying, but in my opinion, it is just as risky to invest in the stock market if you don't know what you're doing. The main difference is that there are plenty of investment firms out there, such as TD Ameritrade and Fidelity, where people get paid to invest your money on your behalf. Bitcoin doesn't have that yet. I do agree with you that people who know nothing about Bitcoin and have pipe dreams of investing a few thousand dollars and becoming millionaires over night should not be taking this risk.