I went to visit a friend of mine earlier today and while we were together a discussion came up about his friend who was eager to invest in cryptocurrency to make quick funds and support his other business. I said to my friend that it isn't a bad idea for his own friend to invest in cryptocurrency if he understand the crypto market and everything about it.
But then he has no idea about crypto which is why he is referring the crypto investment as a quick scheme to make money which is definitely not. It is good to have another means to make money but depending on crypto investment is a 50-50 chance especially when experiencing the rise and fall of it.
If you have interest in cryptocurrency to invest without waiting for quick profit then you can endure to see the good side of it but when having no experience about crypto and you invest, if the market begins to drop drastically the mindset of such person would be totally down and might lead to he or she regretting to invest at the first place.
Crypto market presently is down but not down
Those who have spent years in cryptocurrency would testify that both the rise and fall of crypto prices is a win-win scenario. When prices are down it only takes those who understands the market well to invest more when prices are down and eventually if the prices boom up some day it becomes a better and bigger Profit.
The mindset crypto traders also showcase in investing in crypto is different because not everyone can invest big likewise not everyone can endure that long but what brings similarity among them is to yield profit from their investment.
It is a personal choice to invest in crypto but then the decision need to be a positive one in other not to get disappointed if the crypto market isn't smiling. I told my friend to ask his friend if he can join Hive to invest here which would probably give him something profitable if he buys hbd and save it up in savings.
Though he is someone who is eager for quick profit, so the patience to get interest from his savings might not be there but probably if he gives it a trial, there might be assurance that he might enjoy the beauty part of hive on how the platform operates.