Re: The Risks and Rewards of Cryptocurrencies

Do you want people to put on headsets and listen to this podcast for 28:33 minutes? why would people do that? I think you should listen to the podcast and then summarize what they said and post in this thread the summary you made

Quote from: jjbanks994 on June 28, 2019, 06:02:45 PM

I would love to know your thoughts about where we are going and how you think the landscape will change.

if enter a lot of money in the crypto market, I believe that the volatility will not be very high as it is today, at least we will not see high increases and followed by very large falls

Partially yes, a lot of money can make the price more stable for cryptocurrencies. But where get these all money? The most controversial thing that people don't want to invest in cryptocurrencies by high volatility and fix this volatility could a lot of people with a lot of money

A lot of people join with crypto to be faster rich person, they think bitcoin and altcoin are the best way how to get much profit in short time, maybe many people lucky by choosing an altcoin and get much profit, when you make mistake with get bad coin you have waiting more than one year for getting back your investing and stop for dreaming much profit.

And that is wrong thinking. Bitcoin and altcoins are not the way to get rich over night and as soon as some realise that they end up deeply disappointed. If you are smart and experienced trader and investor you can make decent profit over reasonable period of time but it's not likely that you will become rich. Dealing with Bitcoin you are exposed to risk all the time and occassionaly you will make some mistakes too, so that should you count on.

He is not a expert because experienced traders know the risk factors and rewards. The current market is rapidly moving so pump and dump will happen so every traders are disappoint one time, But they can manage all the time because volatile currency is a great earning platform but few times it will moving backwards.

It's right to say the market is moving fast to go down or up at a shocking price. So you should continue to monitor every time you have invested coins. now all feels vulnerable.

Market is volatile but not that much as you are saying, at least not at the present moment. Everyone knows about the current situation. Bitcoin is going through a dip and so is the whole digital coin market. Moreover, it is just bitcoin that fluctuates a lot in all types of time. So the bitcoin holder that are basically day trader are supposed to keep an eye on the changing values. Other can take a break.

Just a little disappointed with beginners who are just learning or eager to invest and hope big but end up with a big disappointment with the losses they have done. If you have known this too long, you may be seen to be relaxed. Wink

Most of the new investors concentrate on making money but they forget to do some research and develop understanding of their asset and digital coin market first. Due to this, they face more problems than the educated ones. No doubt. Crypto currencies can make us rich within a year but having some sound knowledge is required. With time, they will cover the holes by gaining experience.