Investing in Crypto is clearly a thing right now.
The movement is unstoppable which is great for the people. Too long have the greedy bankers and governments benefited from the people.
What annoys me is the repetitive nonsense from self-proclaimed experts. It's damaging to people that lack experience.
Some of these clown experts have huge followings. They are real influencers. But It's damaging to the whole community when they talk nonsense or promote coins that they have an affiliation with.
I don't want people to lose their savings because [insert clown influencer here] said so.
Investing in Crypto doesn't have to be difficult, I have learned a lot over the last five years trading. The key is to keep your emotions out of investing.
So to see the people getting into Crypto has it's positives and negatives.
Positives
- Giving you control of your finances
- Creating Wealth
- Changing the future
- Being part of a movement
- Privacy
Negatives
- False sense of worth (meaning, until you spend those coins they are worthless). Ok, I think I need to expand on this. Example, you invest $100, and one week later it's $1000. You need to take that profit out, remove it to something like Tether or just convert FIAT to pay your bills. Otherwise, it could go down to $100 in a heartbeat, and you are back where you started.
- Pump and dump artists
- So-called experts on YouTube are punting any old shit coin to inexperienced people.
I know there are lots more positives and negatives, but I don't want this to be a massive post.
What does the future hold for Crypto?
It can go so many ways. In my opinion, Crypto will continue to grow and take money from traditional monetary systems. Then we will see things settle down. This could happen in 1 year, could be 5 years. I'm no oracle.
What I've realised with most things. When the older generation warm to things like Bitcoin, it's time to diversify. I know that seems like a sweeping statement. However, this is true 80% of the time in my experience.
The fact you are here reading this on Steem says something about you. YOU are an early adopter. YOU are part of the movement ✊🏻
So yes more people will join the revolution, just be cautious with your portfolio.
Don't get greedy.
Take some profits.
And enjoy the journey.
Keep it real
Derek
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