Mainstream media, multinational corporations and financial experts are at it again! Bitcoin and cryptocurrency is all I seem to be reading about recently again and again in verywhere that I look, cryptocurrency and blockchain technology is obviously in the spotlight again
This is obvious. Main stream media covers Bitcoins and cryptocurrency news when they hit ATH and crypto market hits a great marketcap. Otherwise, they even tell people to stay away from such things.
My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class? Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?
I insist close people to get in while explaining risks but I don't think there exist 100% loss risk over 5 years of time. So, if they want to be in this space for long term, I help this purchase. Otherwise, I don't talk this at all because of one shitty experience. When we start explaining the tech, they think that we are bunch of shady broker who are here for cuts which I in fact never charge nor I will. I let them to think the same. No hard feelings!