Post
Topic
Board Economics
Re: The Risks and Rewards of Cryptocurrencies
by
sapnu
on 17/11/2019, 19:34:23 UTC
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

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 Smiley
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 by far one of the biggest problems in this market, the mentality of the new investors that come to this market, instead of treating bitcoin and altcoins like any other investment they treat them as a way to get rich really quickly and do not take the appropriate precautions, then when they predictively fail they claim that cryptocurrencies are a scam and scare away potential investors that do not want to go through that not understanding that a less risky approach will work wonders in this market.
In a business like this, risks are your weapon because it is the one you before winning or even losing a battle. In order for you to win, you must take a risks making a decision that makes your goal possible, but if you lose why not take another decision and make better ways than ever before, most important part of your journey is learning not trying, because all of your loss will be nonsense if your mistakes have been occurred multiple times, we should learn at our mistakes. There are rewards if you already make your decision and it makes you possibly get what you want.