Post
Topic
Board Altcoin Discussion
Re: Never invest in any cryptocurrencies!
by
onrise
on 28/08/2020, 15:27:00 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?
Agree. People here are very self induction sometime. If they are losing money they will say its scam project. Every investment have risk and people should learn to live with it. Crypto investment is a highly risk business some loses more than they can earn but also they can earn so much money.

Im invested on some shitcoin and sometime I lose a penny but thats normal I guess. No one can earn on crypto without having risk. Also a good fundamental review could help find a good project.

The golden rule in Crypto is that invest in only coins which you can understand and know what future holds for that coin. Crypto is highly volatile and investing just in anticipation that overnight you will become rich is wrong idea. It requires patience and time and have seen how 2017 high still not yet broke. So holding also become a part of very important thing.