When anyone who is highly interested in money, and first hears of the cryptocurrency markets. It is not surprising to see them start to come up with schemes to try to acquire more cryptos. The reality is that there are no schemes and unless you've been trading for years, day trading isn't a secure bet. I've always known that cryptocurrencies have to be thought of as digital assets that are being primed to be used in the world. Personally, I enjoyed just holding on to my crypto and learning more about the space every day. There is much to be learned in the space and much that can be done in terms of mining, cloud mining, content creation and spreading awareness about the financial revolution.
Many have entered the space with misguided hype. Yes, the markets are definitely something to get hyped about. But, I feel as though people need to understand that the cryptos are not a 100% chance of becoming extremely wealthy. They can definitely lend a hand in giving your funds a boost, but they are not an absolute certainty. I myself have doubled maybe even tripled my funds since I became involed. I'm well aware that all of this can turn around though. Everyone has to understand that most if not all cryptos except for BTC are highly speculative. Once that can be adopted this will change but for now the only thing can be used is BTC.
To me the cryptos have always stood for financial freedom. I feel like those looking strictly for profits, lose the sense of what Bitcoin itself should stand for. There are monatery problems globally that take away from the enjoyment of existence and Bitcoin was and still is a step towards fixing, or atleast alleviating the problem. I wish anyone who read this little piece , much prosperity and overall much love. The crypto gains are over yonder ^-^
I lost a lot of money day trading. it's best to just hold long term and sit tight.
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Agree 100% Day Trading is for people with monopoly money that can't weather possible losses
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I also see more opportunities in crypto from investing side, more like venture capital type. For daytrading seems too little information and liquidity, there are more opportunities in stocks or futures for day trading. Of course there might be ideological side in daytrading crypto, which I totally support. But still why daytrade, when there is such a great opportunities for long term investments.
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Hi gbonikz, totally agreed!
Crypto markets are also a very good way to finance the group of developers that work tough to improve our financial freedom.
If they can free us from the bank scarcity paradigm where only some people have access to quasi-infinite money at zero interest and trade freely, it could be the beginning of a new era.
To put things into perspective: a friend of mine has been secretely banned by a famous bank because he conducted his legitimate trading business with Africa from EU. So he had to close his business. Like him many others. So Africa continue to remain underdeveloped because of the interest of few bankers. Cryptos can solve this problem and will give more opportunity to people that are cut of from the system.
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I really hope it does. Given cryptos don't become a tool which only the elite can manage to afford. Thanks for commenting. I appreciate your input!
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Hi gbonikz, we all know that Blythe Masters has been appointed to build "the elite blockchain" to make us slaves. It's up to us to accept it or not.
I have got for example some personal issues with Ethereum considering that behind the consortium there is JP Morgan (the former employer of Mrs Masters). So anyone conscious should not do not buy Eth to fund these banksters. But that's just my opinion.
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Before you do anything that can change your life, you should always spend some time and research what exactly you're getting yourself into. There is a lot of risk in trading crypto, as there is a lot of risk in trading in the stock market. However, crypto is slightly more intangible than the stock market, and therefore inherently carries more risk.
Thanks for posting something other than "ZOMG, BUY CRYPTO NOW NOW NOW YOU'LL BE RICH!"
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Yea thanks for appreciating a logical view to things. Lately I feel like everyone is more captured by hype than by what cryptos are meant to fix. Yes much risk is involved, I dare say worth it. Nevertheless not something to get into without prepping.
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I agree with it being worth getting into the space. The crypto world is experiencing the internet boom of the 90s (I hope it doesn't follow the same bust!).
To your point though, crypto is meant to free us from the corrupt central banks of the world and provide us with a decentralized currency to conduct transactions, without "big brother" watching. I'm not sure that we will get there, but for now, the mainstream accepting crypto as an investment can only get us closer to a widely accepted crypto currency!
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