Quote from: Nwada001 on September 05, 2023, 10:25:41 PM

Quote from: .gustafson on September 04, 2023, 09:27:06 AM

Smart move, indeed! Crypto investments can be a golden goose. It's a smart way to make your money work for you. 💰

When you have this kind of mindset, it's like thinking that it's a get-rich-quick scheme, which can simply lead you to lose everything because you are in pursuit of that profit that will turn you into a millionaire.

Why do we celebrate others successes as their investments turn out to be profitable? It's also important to always check how it all started, what the steps were, how long they waited, and all of that, as most times their losses are not usually that public, and the amount invested is also sometimes hidden from the eyes of the public.

Crypto currency investment is good and profitable, but we also have to be careful with the choices of coins that we make, as it can lead us to our downfall if we make just one wrong decision.

I think it was only just an expression and as you see, in the end he says that cryptos are a good way to make a passive income. By it, we can assume that we can only earn "some" profits with it from time to time and not really a big one at a short period of time.

To have a mind set like that (the one you are referring to) is I think not bad either but it can actually motivate someone to HODL longer because he is holding on the promise that he can be a millionaire with crypto. Of course it's important to choose the right crypto because holding can turn into waste if you don't. It's not that we celebrate others success but we are only glad that they make it and again, it can motivate us to do the same thing. This includes the things that you said like researching on how they did it.