many people has been asking this question. So today I want to talk about it. Read it carefully with understanding.
- TIME: Here's the number one fear factor in CRYPTOCURRENCY.. First what is time
Let's take a good look at how Wikipedia defines time ...
Wikipedia defines TIME as the continued progress of existence and events that occurred apparently irreversible succession from past through the present future. Time is the components quantity of various measurements used to sequence events, to compare the duration of events or intervals between then andvto quantify rates of changes of quantities in material reality or in the conscious experience..
Time is often referred to as fourth dimensions, along the spatual dimensions. .
In my opinion it could last till tomorrow or 2 years or decades OR forever . No one really know. what matters is your stuck. Watch the percentage differentials and know that rebounds are inevitable.. If economy suffers recession, CRYPTOCURRENCY suffers too.. But remember Christmas is a bad time to sell. But great time to buy.m as they say.
So now the much punctuations is unknown! Unknown! Unknown!. It's uncertain and don't let someone manipulate you into thinking its not.
Please remember this feelings if you bet too much on it and take your seed money on it.. You might loose. People see it as a means of crowd sourcing..
Like Bitcoin, Bitcoin history is short but it's gone through long dry spells.. The controversies doesn't seems to be as bad as market demands keep growing the barriers the entry are still high enough. but don't build regrets in the concepts of market saturation..
- INVESTING
This article explores the real dangers in cryptocurrency investing, and how you can avoid the risks..
let's take a good look at the number one fear factor in CRYPTOCURRENCY..
So many people always asked these questions..
“Should I invest in cryptocurrencies using All my savings? Or take out loan? Since the returns are so Great!
First, that’s an extremely horribble idea The volatility of Cryptos can slaughter you reduce your investments. You can basically lose all your money if you don’t have ideas and knowledge about what you’re doing. Please don’t fall into the temptation and beliefs and weird thoughts, thinking this is a “get rich quick Program ”. It took years for early investors in Bitcoin to gain huge rewards, increasing from a few pennies to where it is now.
There’s a lot of hype about this.. Why? Because most do not know what they’re investing in and would rather listen to the crowd. What happens then? Prices crash once you’ve bought into it. Taking a loan or using all your life savings can be hugely risky, especially if you do not have the Actual knowledge on the tech and the coins. Be informed. Ask the right people. Arm yourself with knowledge before jumping on the hype-wagon. This would significantly reduce your risk and most importantly, position you to invest in the long-term fundamentals.
Dangers in Cryptocurrency Investing
“Don’t fall prey to irrational exuberance; you can get burnt very easily if you do not know what you’re doing”
There are plenty of opportunities to make lots of money in the crypto market, and you should be patient and wise to acquire the right knowledge before investing. Don’t be the person that invests based on the current hype. Do your research first. If it’s too complex, look for answers. The cryptocurrency community is filled with awesome individuals that can simplify things and help you along the way. If you need someone to invest for you, make sure you ask questions to verify their credibility.
There’s no such thing as earning fixed returns when investing in cryptos. Don’t fall for the various scams or Ponzi schemes which are of late.
3.SKILSS
Importance of Due Diligence
One of the most fundamental skills that you absolutely must possess is the ability to identify cryptocurrencies that are backed by solid fundamentals. There are hundreds of coins available, and there is a tendency for most to overlook the fundamentals of the coin and make investment decisions based on hype.
4.HYPE
Is Hype Good?
True, you can make loads of money buying coins based on hype, but there’s a real chance that it could backfire and you could get burned. There are and will be numerous opportunities to make money with Cryptos
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you income ..
- NECCESSITY
majority of people that fails as an investor failed because the investment they make was not necessary.. Let's assume you have so much money in your account and you doesn't know what to use them for me and you pick up your phone and call a friend of yours, and you told him about your money.. So he now told you if you don't have anything to do with it you should give it to him, so he can help you invest it.. Out of eagerness you gave your money to your friend. And the investment later collapsed... The question now is.. WHO IS IT TO BE BLAMED.? your friend or you?.. Absolutely is yourself you should blame. Because your greed lead you to the lost. You could have hold yourself and take a good research on what you want to invest on.. Same thing with Crypto. You research the aspects. Before you invest...
IN REVIEW
before investing in CRYPTOCURRENCY. Check the DO and DON'T of it..
Know about what you're about to do. Don't just wake up and do it.