Post
Topic
Board Altcoin Discussion
Re: Never invest in any cryptocurrencies!
by
Spaffin
on 22/07/2020, 14:45:42 UTC
The fact us that, I have always advice people that approach me and say they want to venture into crypto. I ask them about their motives, that if it is about making it quick then they should forget about it unless they have millions of dollars they want to risk for daily investment.  There have been many losses resulted from impatience.  Crypto space is neither an abracadabra nor magic place.

what you say to people who ask you is very true. the crypto investment will not bring them to get rich quick. but if they have good trading skills, they can get it with greater risk.
If someone tries to tell his family and friends about the cryptocurrency, while trying to embellish all the information, then such actions in any case will harm not only these people, but also the entire cryptocurrency market. Many newbies, after listening to the wrong advice, strive to get very quick and great benefits from investing in cryptocurrency or from trading cryptocurrency, while not having enough information and skills, they lose all their funds. And thus, all the negative reviews from these newbies have a bad impact on the entire cryptocurrency market. Therefore, I believe that if someone does not know how to correctly explain this or that information regarding cryptocurrency, then it is better not to do this.