Quote from: jaberwock on Today at 04:38:53 PM

Quote from: kaseygriffin on July 14, 2023, 02:36:26 PM

Quote from: USMKAI4 on July 10, 2023, 12:07:08 AM

Regardless of any digital currency, it does not have any value itself. Its value comes from whether there is a market and whether it can be used in circulation. If it does not have these two points, it will not have much value. If there is a digital currency that can be used in a specific way If it becomes a currency in circulation, its value will be very high. Do you guys have any recommendations for this type of currency?

To simplify the investment opportunity with the crypto market, I find it to go from the basics with knowledge and have experience with them and then get results. Personally, I find that getting a profit from this market is not difficult, namely accumulating capital from existing work and then investing and waiting a long enough time to look back on the profits, but Honestly participating in this market I find many people are more easily caught up in the mentality of greed in the short term than having a strategy to achieve a specific goal, so trends appear to make it easier to earn. money in the short term and also easy to lose money in the short term. And re-research is not considered a priority in the first place, which is the main reason that we gradually let go of opportunities that have arisen.

Unfortunately most of the people that invest do not do it because they researched what they should buy, or have time to hold it for long. Both of these reasons could lead to you losing a lot of money and that is why it's such a big danger. I understand that there could be some people who may not have time to hold it, but in that case do not buy anything, if you really want to then you could invest into bitcoin, but even that's not a guarantee and most likely result would be going super higher.

I believe that the best thing to do would be making sure that you stay away from it. The other part is even more strange, because if you are not willing to study and learn more about it then why are you even here? Others won't help you with it.

It's true that investing in cryptocurrencies without proper research and a long-term mindset can be risky. Many people get caught up in short-term trends and overlook the importance of having a well-defined strategy and achievable goals. Greed can often cloud judgment and lead to impulsive decisions.

For those who lack the time or expertise to thoroughly research cryptocurrencies, it's advisable to exercise caution and consider investing in more established cryptocurrencies like Bitcoin, which has demonstrated longevity and market acceptance. However, it's crucial to note that even Bitcoin's performance is not guaranteed, and investing in any cryptocurrency involves risks.