So many people i know dived in to buy crypto after they saw the craze of doge; it was on the internet, on TV, the moment Musk got involved, some people began to see crypto as a legitimate venture, it was like an endorsement to them, newspapers and podcasts began to talk the hype, it was like crypto became the new kid on the block and then the dip hit like a volcanoe.
Suddenly these people began to curse, wanting to take their money all out and then they're back to doubting crypto once again. One thing I know is that everyone at one point in time needs finacial education, this helps to develop one's ideas towards money, towards investing and towards spending.
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A lot of people do not understand the basics of crypto, they're just here to buy the hype, buy the gains and forget dips are part of the game. one thing is, if Crypto had only bull markets I'm guessing people would majorly be buy and adoption globally would be more massive, but how much of this adoption would be organic and targeted at building as a wealth bag or reserves?
Let's forget about the fact that a lot of people feel that crypto is an advanced ponzi scheme or gamble, if they were guaranteed gains for their startup investments they'll surely put their money in. Crypto is sometimes often perceived to be bad because because of the volatility and the technology but if it was crystal clear like trading and profiteering, it would have totally been different this means that people do not care about the means, they care about the money.
But aside from this, I basically feel that cheap publicity for crypto wouldn't exactly cut it. I do not understand the tokenomics, i'm just the guy with a logical reasoning; sometimes all we need to apply is logical to weight the risks, the potential loses or gains.
People buy crypto these days without a clear motive other than making unrealistic gains in a short peroid of time of which might be rather impossible if it was in a real-time venture. I do understand that money is a good motivation for investing, but then the proper finacial education would have you consider other factors and this is like the guage that helps people lay back a little rather than going all in.
Finacial education is hardly studied or taught in schools (at least not from where I come from), it's ganered, lived, seen and something we sucessful fo through, from living and learning from our choices. The practical world is a whole new ball game.
I've seen people using all their retirement money to buy crypto, (not even a coin with prospect for that matter) and they're expecting it to quadruple in 6 months time frame, this isn't laughable. It's something that can actually happen but then its chances of happening is equal to its chances of not happening. But then reading, books, charts, permutations or research and taking time to make decisions, is what a whole lot of people find difficult to do.
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Nevertheless, the long risks are for people who have been in the game for far too long and this is how I often begin to educate people when they're set out to buy crypto for the first time. Waiting for musk or Bill Gate to tweet it will only cloud the judgements of a whole lot of people.
Truth is, most newbies needs a jumpstart to kick start their Crypto Journey. The need it in form of gains, little gains to actually boost their morale, see a positive side to crypto because this mindset will help them keep the faith or not FUD, when there's a brutal dip or the bear market sets in.
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My name is @Josediccus, a young Nigerian student who is a Vlogger, A Psychologist, Poet And Sports Writer/Analyst. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
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