Post
Topic
Board Bitcoin Discussion
Re: What is the Reality of cryptocurrency?
by
Findingnemo
on 25/06/2020, 19:09:43 UTC
-Seen
Crypto currency isn't a job or business idea, it is just currency so you should know how to earn them to become rich.You can't simply become rich if you buy cryptos.

Never buy cryptos in this mindset, cryptos are not here to make everyone rich, one who trade them are making profits but it is highly risky.

   Findingnemo I think that crypto-currencies are a good for long-term investing. Maybe some traders, but not all of them, are
making daily profit, but some of us are hodlers, we are in for long-term. Investing in crypto-currencies now, or earning them
and just holding them can be very profitable in 5 to 10 years from now. Just look at people who are in crypto-currencies
since 2010. Who didn't trade, who just holded what he bought or earned until now is a millionaire.
Yeah they used the volatility nature to make money but not everyone is going to make money and OP is saying you can get rich with cryptos which is possible but not everyone as well.People who bought bitcoin in 2010 take such risk and invested on it but now bitcoin isn't that much cheaper and if we think other cheap cryptos will be valued like bitcoin then that is completely out of sense.