Trust me, these guys will go into Defi and NFT in the exact same way,,, not just because it is crypto but because it is promising them easy money. If something bigger and more lucrative (in their thoughts) than crypto, they'll go there.
At least, if they can control their greediness, that thing will not happen and they will have a chance to make money. Whether they trade in crypto or stocks or gold or silver, controlling the greediness will be necessary and the important thing if you want to make a profit. Otherwise, you will only lose your money and once you lose the money, it will not be easy to recover and it could need long before you can recover the money.Yes,,, that was my whole point. This greed thing has nothing to do with "because it is crypto",,, take all these greedy guys and put them in a room with 10 toys and they will choose the ones that supposedly promise them the most profit.
So I think people need to stop associating crypto trading with high risk speculators as these guys go everywhere, and they don't even use crypto.
@Leea1334 Yes, The risk is in all types of investments and one should invest only the amount he can afford to lose. In the case of crypto there are many people who have not yet accepted crypto as a trading asset. And maybe because of this lack of acceptance they find crypto more risky.
You cannot be not accepting crypto as a trading asset and yet be buying and selling crypto? And crypto IS more risky,,, whether you accept it or not
