Let me start by saying this:
Trading Crypto and Developing/Using Crypto are two different things. But, they both take time to learn.
Nobody turned into a good trader/investor overnight and - almost definitely - nobody turned into a software programmer in a week.
Both of these things are skills and they both take time to learn.
Crypto markets operate 24/7 and the volatility is crazy, therefore it sucks investors right in.
Big profits? - Addiction and greed
Big losses? - Gambling to break even
Some "Veterans" preach that it takes 3 cycles to get how this works. Sure, some are lucky and are able to get in, make a quick buck on the latest memecoin and get out. But some decide to stay after FOMOing into anything and everything until the older ones eventually dump at the top and the new ones are left holding the bags.
But it's fine. As long as you invest responsibly, you will probably recover. And by responsibly I mean: investing in actual projects with use cases and not investing money you don't have.
It takes time. You also started by FOMOing in during a bullrun, got greedy and took no profits, then left waiting until the next one, didn't you?
But that's great. You chose to stay and learn how to actually use coins. You learnt how to interact with smart contracts, you probably almost got scammed, lost some funds in a bridge, used the wrong network to transfer funds, entered the wrong wallet address, bought the wrong shitcoin etc.
But you learnt! You started learning what this is all about. Whether you aimed for quick profits or not, you either learnt why the global economies are going down the shitter and who Jerome Powell is, or at least you learnt what an ERC-20 token is and how to use a non-custodial wallet.
I am not saying that we're all gonna make money some day, but at least we learnt something new. You might at least have interacted with a piece of technology that might end up changing the world of finance or the internet one day.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments