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As someone who's been investing into crypto & stocks for quite some time, here's the BIG PICTURE:

All Cryptocurrencies

by COINS NEWS 147 Views

According to 65 famous & well known websites and countless crypto related subs, Bitcoin has died 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, especially 2020, 2021 and 2022. It was all a bubble/hoax/ponzi.

I'm gonna write down some facts you don't wanna hear or read:

  1. 99% of all investors don't know shit about Blockchain or how things work behind different projects like ETH or Flux.

  2. No one gives a shit about things like transaction speed, transparency and so on. Most of us buy and sell it. "BuT tHiS pRoJeCt HaS mUcH bEtTeR blablabla". NO. ONE. GIVES. A. FUCK. Will it make me rich? -> Yes/No. Community behind it? > Yes/No. Backed by lunatic cults? -> Yes/No.

  3. People buy top 5.000 - 15.000 coins/tokens because they expect x10000 gains over night. Hoping for other idiots to buy the shitcoin they bought. 3.1. People buy top 100 - 5.000 coins/tokens because the market cap is still low, meaning they can buy huge amount for relatively small amount of money. 3.2. People buy within the top 100 coins because they've been there for quite some years, some of them only months. This gives them a sense of "security" of their investment.

  4. The majority doesn't give a fuck about buying stuff online with their coins, buying groceries or sending certain amounts to friends and families. People want to buy -> make some gains -> sell and be happy. But they want this to happen in the time span of 1 week or less. No one is patient anymore.

Crypto used to be about having no middle man like banks in their transaction. Being decentralised in this very much centralised finance world. Nowadays you can't even buy 1 Doge without showing exchanges proof where you live, how you get your income and your bank information.

My advice to you:

  1. Choose an exchange you're comfortable with (Binance, Kraken, CDC, Bitpanda, etc.), write your password/keys whatever down and store them somewhere safe. 2.Invest money which you're not dependent on.
  2. After investing, uninstall the exchange app and things like coinmarketcap which will make you check the price every day.
  3. Forget about it for the next years. Just simple holding without worrying about FOMO & FUD.
  4. STOP WATCHING CRYPTO YOUTUBERS AND INFLUENCERS. If their knowledge about how the market behaves, how some crypto projects will deliver in future and so on would be accurate and trud, they wouldn't have to produce videos to make money from your clicks.

So. Invest & forget about it. Don't be too harsh on yourself. Enjoy yourself and life. Spend time with friends and families. Educate and take care of yourself.

submitted by /u/Hadron_Music
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