How risky is Cryptocurrency actually???

in cryptocurrency •  7 years ago 

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The Crypto space is definitely one of the most exciting spaces to be in at this moment. But I asked myself the question if the risk is really worth the reward. The days that bitcoin and all the alternative coins go up are amazing. But when the opposite happens, it may also cause confusion and restless nights. The Volatility of crypto is unpredictable.

I have been looking for something different, something that has the possibility to change my life and others around me. Crypto is a entire new ball game that levels the playing field on all levels. There are some major players in the game that will manipulate the markets and make it hard for new people coming into crypto to stay into crypto, but that wont always be the case. When crypto hits main stream, things will get crazy. I believe that it will change the entire way people think of money and all the use cases that come with it. Things do change, and the only deciding factor is time.

Just the experience alone I gained from being involved in this space, tought me so much. I would not trade that for the world.

When I take all of this into consideration and look at what the possible future might hold for us. The Rewards definitely outweighs the Risks for me. Because what are you actually Risking? If you are smart you would only use money that you can afford to lose. I know, what is money what you can afford to lose? Money is money. Because if you need 10$ and you don't have 10$, then it becomes a problem. Money I can afford to lose is when I maybe go out one night less per month or maybe make more home cooked meals instead of takeaways. You would be amazed how much money is just wasted every month on things we do not need.

Crypto is the future and the technology behind crypto will change everything.

Lastly, I just want to say, don't invest anything into something you don't understand. Put in the necessary time needed to understand the market, because at the end of the day, it your money, and how you spend it is your own responsibility. Invest smart, invest safe and be responsible.

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