Investing in cryptocurrency is a very nice and lucrative idea but this isn't for everyone. Some people believe crypto is a get rich quick scheme so they invested in it. They invested with little or no knowledge about it. They never consider how volatile the market is. In cryptocurrency, a single token/coin can go in your favour to make you a millionaire, the otherwise can also happen in a bearish market. One shouldn't invest in cryptocurrency if he/she:
👉👉is greedy: Some people want it to be bullish always. They never learn to take profit. They keep waiting for their token to do more than ×100 but in most cases this turn around and go against them making them to lose all profit and part of their investment because they end up selling in panic.
👉👉is impatient: They invested waiting to make money within days/months forgetting it may sometimes take years to make good profit. Most end up selling their token in little deep.
👉👉is too lazy to learn: You must be ready to learn to make it big in the space. Crypto investment involve research and this may be time consuming. It is through your research that you will know which token to buy and also when to buy and sell.
👉👉lack risk tolerance ability: Cryptocurrency is a high-risk and high-rewarding business but it isn't for the faint of heart.
Conclusion
Crypto business is meant only for patient people with strong heart who are not too greedy and are always ready to learn.
Yes it is not for everyone but the same time we need everyone to adopt bitcoin for easy accessibility. What I mean for easy accessibility is that, whem everyone uses bitcoin both the market sellers, village shop sellers and city shop sellers started to use bitcoin things will be very easy in one life. At that time instead of sending btc to someone to exchange fiat currency before using to buy what you want to buy, you just buy the things with direct transfer of bitcoin and left the place.