RE: Top 5 reasons you will lose money in cryptocurrencies.
Thanks for your post, but at current time it's pretty hard to loose money in crypto (compared to conservative investments).
If you just blindly in coins without doing research and/or viewing the price chart, then yeah you probably will loose some money here and there.
I've got the feeling that currently everyone who invests in cryptos is winning, (and that just isn't how it works...) and that's the reason why i'm pretty sure that it will crash hard, really hard some day, i don't know when, but there definitely be one. after that only few coins well be able to really survive; current market is just insane....if you loose now: then you should loose i guess, cause investing isn't for everybody
very good post though! keep it up!
voted and followed :)
I know what you are saying, but there are a lot of beginners who are making the above mistakes, so I don't think everyone is winning. Case in point - bitconnect! But I agree, in the end only a few of these projects will survive, and the majority will disappear. When and how that will happen is anyone's guess.
Thanks for the feedback. Following you back :)
Tether is printing like crazy trying to prop prices up and keep everyone from leaving the casino. Almost 500 million printed in the span of a few days. Agreed that it's going to crash hard when people attempt to pull liquidity from the system causing an instability in the market, exchanges will just close their doors and hope they were "smart" enough to not operate in countries or with customers who have the reach to pursue them legally.