Post
Topic
Board Economics
Re: No where is actually safe
by
Wexnident
on 28/11/2021, 05:19:16 UTC
I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.
I'm pretty sure that's every investment out there is? Only dumb people would invest with the mindset of actually profiting off of what they invested immediately, turning their $1 to millions in an instant, but hey, a man can dream amirite?
If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses
It's not just crypto investment, it's every business that's difficult if you are dumb and don't really study what you're going to invest in. Crypto has a lot of room for one to actually profit if you're one of the early investors. Heck, I'd still consider this time as an early investment really. Though as others have said, if you're winning, someone else is also naturally losing, that's how trading works after all.

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. This where the technicality that blows down account within seconds comes in when the analysis goes wrong. To decide when to sell and when to buy back so you don't get trapped in the whale is the deal. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky
So you mean that you should hodl when the price is stable? I don't see how one can profit that way though. Besides, zoom out a bit, and try saying again that hodling isn't the best for Bitcoin lmao.