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Since a lot of newcomers have recently joined this sub, it feels important to highlight this - Getting into crypto is not a get rich quick scheme!

All Cryptocurrencies

by COINS NEWS 247 Views

No, I'm not anti-crypto. I just want to give a heads-up to the new redditors here since we've recently hit 3 million on this sub.

Yes, crypto can make you a sizable amount of money. Even enough to change your life. Yes, it can. But it's not meant to be just brainlessly throwing a couple hundred bucks at whatever coin has the word MOON in it and then hope for lambos. No, I'm sorry to say, that's not how you're gonna make a profit, at least not for the unlucky 99,99% of us that buy right before a dip.

Investing in crypto wisely requires a decent amount of learning and persistence.

Understanding the lingo used in the crypto sphere, reading white papers and tokenomics, spending countless hours researching into promising projects, keeping up to date with news, tracking price movements, reviewing TAs, all of it takes effort. Even after that effort, you may sometimes fail, just like in other aspects of life. It's alright, it happens. It's not easy.

TL DR: So please, please, please, get into crypto, but do so with your eyes wide open. Be conscious that you will have to work hard for your gains and be prepared to fail sometimes.

submitted by /u/haxClaw
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