Post
Topic
Board Altcoin Discussion
Re: Never invest in any cryptocurrencies!
by
coolon
on 24/07/2020, 13:07:41 UTC
I think most people approach crypto in the wrong way. With "get rich quick" approach.

If you come to crypto with such an attitude, you should never ever invest.

On the other hand, if you actually had to earn it while doing whatever you are usually doing anyway, that involves money?

Examples:
You get crypto as a token of gratitude after making donation to some project. (crowdfunding)
or
You are paid crypto as a bonus to your salary.
or
... (any other examples come to your mind?)

Wouldn't the whole cryptoworld be way more healthy? What do you think about it?


In 2017, this is exactly what happened: people came and bought cryptocurrencies to get rich quickly. Those who invested a little earlier did get rich quickly, but most of them lost because they didn't sell on time-this is greed. I don't think I'll make money that fast right now. But if you invest for at least a couple of years or more, it will bring a good return.