Post
Topic
Board Beginners & Help
Re: Understanding cryptocurrency
by
CryptopreneurBrainboss
on 17/05/2024, 11:15:03 UTC
In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

People calling Bitcoin or cryptocurrency a scam are those that didn't know what they were getting into before they joined and probably they invested in a scam project that exit scam on their investors and now they tag the whole industry as a scam because of this experience. People need to invest in Bitcoin to see how profiting the industry can be before trying other things. There are lots of distractions in the industry and alot of scam so don't think you'll make profits when you invest in something that they're are one thousand and one of them in the same market. Bitcoin is unique and different from the rest of the market but majority of the altcoins are alike and some are an exact replica of an old exiting project but just on a different Blockchain.

Don't blame the game when you don't know how to play it, investing isn't guess work despite some people thinking they can make profits from guessing what is going to be the next big altcoins. You're probably going to lose than win when you're just trying your luck, that's why investing in altcoins are strongly frown against but if you understand what you're doing is gambling then you can gamble in a disciplined manner and not put all your money and hope into a project then believe that one day you're going to wake up a millionaire. Understanding cryptocurrency is knowing that only Bitcoin that profitability can be guaranteed.