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I started investing in crypto bcs I wanted to get rich. Now I invest in crypto, bcs realistically, what's the alternative?

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by COINS NEWS 157 Views

Let me preface this by saying crypto was my first kind of investment. It was a few years back when I had the "everything will 30x" mentality. Reality slapped me across the face, 2018 bear run happened, my investment did not 30x, and I lost more than I care to admit.

There's (obviously) brokers that deal with stocks and whatnot where I live, but nothing that would be available to me as I want to do it myself. Unless I'm a certified broker, I can't do it. Unless it's a minimum of XX amount, I can't do it. Unless I have plenty of time to do all the administrative stuff (go there, certify that, call them, sing this etc) I can't do it. So crypto was there, and I started. Few $/€ here and there.

Now I've grown. I'm not pretending I know a lot about the tech, or the TA. Patterns? Too much for me. Or, better put, not reliable in crypto where a tweet from someone makes or breaks the market.

But my point (oh, finally, he gets to his point) is - what is the alternative? Not invest in crypto? That's like refusing to use a mobile phone. Refusing to use the internet. Refusing to get a smart phone. There is no escape from this. It will make a significant part of our lives. You can look the other way for some time, but not for long. Every single investing "authority" said in the last year "you'd be foolish not to have crypto in your portfolio". Not that I trust them, but it shows that even the hardcore haters have come around.

Sure, there are fads and scams everywhere. Which new technology did not have early adopter hiccups? Crypto is here. It's not going anywhere. And I'm here too.

submitted by /u/giddyup281
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