Post
Topic
Board Bitcoin Discussion
Re: Top mistakes of newbies in crypto
by
danadc
on 02/10/2022, 20:02:40 UTC
While flexing on a given profit may seem unrealistic, it is indeed possible to reach those numbers BUT it requires tons of experience, luck, and capital in order to achieve this. I agree with you- people who brag about earning $100k+ profits can be very deceiving especially if you consider the overall factors. Unfortunately, those people aim for clickbait titles in order to garner views which they may capitalize on.

Again, cryptocurrencies are "investments" which means that there is no easy way to profit. If there exists such a way, then everyone would have been rich by now.
Investing in crypto is indeed not an easy way to get rich, there will be many processes that will be passed as well as some risks that will get in the way. Those who want to make a profit of $100k with a capital of $1000 are just bragging. It's not impossible, but it takes time and in-depth knowledge of trading and investing. Not as easy as turning the palm of the hand. Must be more realistic

The only safe investment that has to do with Crypto is in bitcoin, I remember that when I started bitcoin it reached $20k, many investors made a lot of money because they invested in altcoins, but the situation in those years was different from the one we lived in, and depending on how things are going in the world, oil, gold, all kinds of assets that are very relevant and are highly sought after, can fall, but bitcoin will always have the opportunity to gain more price when there are whales that buy bitcoin and They lead to historical highs, and that is something that not even gold has been able to do, gold is stable, but digital gold is a denomination that some experts have cataloged as bitcoin.