Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.
How fucking stupid is that? Anyone investing in crypto
should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is
far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?
This is just a simple disclaimer which they simply have to add when talking about high-risk investments. I personally think this is very good that they warn people about this. I will even repeat: "never invest more than you can afford to lose". Don't count on 10x, prepare for bad scenario, I would say. Remember 90% of traders lose their money.
I will always remember this. Thanks for putting this in a brighter perspective. Most people have an unrealistic expectation with cryptocurrency, which either puts people being afraid or too optimistic about it. When financial advisers tell you the dark side of investments, that is to warn people about the risks. I personally don't like things that are too good to be true because most often, they are scams.
I hope that for the newbies, they will realize that ALL investments are a gamble.
"never invest more than you can afford to lose"
I think this is really important to point this out that Bitcoin is highly speculative and very risky investments. Like you said this is not good if you are excited and see only positives. For me, you are blind and not investing only gambling based only on FOMO or Hyip.
Remember that most of the money is made by people who invested in Bitcoin before 2017 or earlier. Majority of people joined Bitcoin revolution when there was news every day in media about another ATH and this all started on a massive scale when Bitcoin hit 10.000$ price mark. That was the first time when I heard on my local radio that Bitcoin is a great investment opportunity.
Known investors are saying that when you hear on the local radio about your investment this is the best time to sell. 2 months later BTC was 25K and the bubble bursted.