Post
Topic
Board Speculation (Altcoins)
Re: !!! Let 's become a multimillionaire IN 1 YEAR !!!
by
mcnocon2
on 22/09/2019, 08:57:05 UTC
One day the  bitcoin cost only $ 2 , but the price is now more than $ 10,000 .
You may have a chance to get cca $ 5 and sell it to $ 15,000 in the future .
What do you think?

this way of thinking is the only reason why today we see a lot of people in this market with losses that are nearly all their capital (nearly 95% meaning they are left with only 5% of what they entered in the beginning).

it is easy to think just because bitcoin has gone from less than a cent to $10k others can too but history has proven that most coins that you think are going to rise will dump hard instead!
I agree and this way of thinking is the reason why many people wants to invest in cryptocurrencies. They think that they will get this huge ROIs, but they are wrong and might fall in to huge losses or their entire funds will all gone investing in a scam coin/token. Yes we can get huge ROIs in crypto but don't forget that huge losses is there as well.