What is the famous saying....."If you can't handle the heat get out of the kitchen."
There are so many people crying about the recent of BTC that I'm frankly getting annoyed. You should know the risk involved in investing in crypto. If not, don't even waste your money. Go buy a CD that won't make more than the rate of inflation. Remember investing is literally legalized gambling. Treat it as such or don't even jump in the pool.
"Investing is legalized gambling"?
Although I understand your frustration, it is clear that you have a skewed vision as to what investing is.
Or perhaps you were just trying to make a point?
Investing is not a game of chance at all.
Through the analyzation of quantifiable metrics (GDP, Market economics, Cash flow, Interest and appreciation rates, etc) you can make fairly accurate predictions as to where money is going and what will be profitable.
Of course, it would be impossible to predict to the very dollar or cent and saying at specifically this time an asset will rise 12% in value is impossible too.
But if you educated yourself and continuously informed yourself with relevant data, you will see that your risk rate is DRASTICALLY reduced.
For crypto, it is more unpredictable because of the volatility, but even in speculative markets there is a wealth of information to analyze to make informed trading choices.
Those that are whining and complaining jumped in which get rich quick mentality, they are probably the types that are most suceptible to being scammed.
But those who say investing is gambling will never see their portfolio reach it's full potential.
I was making a point. There are a lot people out there that turn it into gambling by not doing their research and guessing more than using actual reason and confirmed data.
