Post
Topic
Board Altcoin Discussion
Re: Is the crypto market really for anyone?
by
aeternus
on 28/10/2018, 00:09:49 UTC
I think this market is not for everyone and that is why I do not usually recommend my friends or family to invest in cryptos, as it is well known that most people have a great aversion to risk and that is why traditional investment instruments still receive large amounts of money despite their stingy returns. And because of this usual risk rejection many newbies use to cry so much as soon as they suffer some loss in this market, because they never assume the great risk that crypto investments involve and believe that getting rich overnight is a simple and easy task.
Yes the crypto market is for everyone. You should invest in it for sure. Coins like Paragon, Stellar and Ripple are too good to invest in and you should go for them.
I disagree, while in theory anyone that has the money or the will to work hard to get cryptocurrencies can form part of this market, at the same time this market is so volatile and risky that only a selected few have any chance to make money in the market and the rest are only going to hand their money to those people, so unless you are incredibly talented and you have an incredible faith in cryptocurrencies then it is likely this market is not for you.