For a while now, I decided to take the advice I give to others concerning crypto investments and how to react on not so profitable days. Obviously, one cannot ignore the fact we've been barely crawling for the past few months, bitcoin price movement hasn't been a motivation in any way, but looking far into the future, I could quite feel the enthusiasm surrounding the crypto sphere. People are beginning to understand the actual concept and way around here, because temporarily, we had a lot of hype that wasn't supposed to be. Yes, the potentials that come with cryptocurrency existence cannot be ignored, but notwithstanding, when things hit a couple of hype, it doesn't really matter how potential it is, there's always gonna be an unexpected drift along the way, not so unexpected if you ask me.
While the hype created an avenue for exposure, it also misled so many into investing in wrongly defined concepts. People bought into so many projects, blindly, having the concept of: there's green far ahead or say there's light at the end of the tunnel, having that mentality of quick riches. But that's not always the case, because what if you're going the wrong way? Do you really expect to see light at the end of that tunnel? Money has been lost in the process of those over hypes because investors were brought in without the education, most of them weren't put through lessons on the actual concept of the system and its focus.
We're still in an era where everything still boils down to the dollar charts. It cannot be ignored at the moment, it's almost always a falling back to, because yes, every bit of this "internet money" is pegged to it.
Crypto Puts Full Ownership into one's hands.
I read a blog post recently, talking about the difficulties they had to face to process bank transactions. According to the article, the said bank practically brought up too many personal questions just to transfer funds onto the Binance app if I could quite remember. It was disturbing to read through, questions like what the money was meant for and what specific assets it was going to be used on was what followed. Come to think of it, Fiat currency has never been our money, and money deposited into the bank is hardly yours as well. I've heard and come across too many stories on this subject and all points and proves it that the financial system is centralized, funds aren't owned by individuals but by the governmental body. It has always been this, that is why one can wake up and boom, there's a cooked up story and one verification or the other, you realize you begin to lose money to get your supposed owned money, piece of shit.
This is where crypto excels.
Decentralized finance is still pretty underrated! Maybe few know about it or few give a fuck. I doubt it's the second one because no sensible human would refuse being given full ownership over his funds and assets. This is one out of many reasons the concept of cryptocurrency will change lives around here...