Someone I talk to on another forum said this is one of the main reasons he never could get into it. It can be a solid investment or you can go bust and you are leaving it up to other people which is a huge risk.
I have some investment in the cryptospace. But the fact is that all the investment has depreciated by almost 80% and still going down. The whole thing is now boring.
This was the wave of it being trendy. Just like with NFTs, a good portion of investors left which dried up a huge part of the market. I still think there is a possibility but most people are more concerned with gas prices and food shortages to even consider investing again.
For now I don't even have the money to invest in cryptocurrency. Not really because of anything but because of the fact that I have a lot of responsibilities to take care of offline. I don't know about you.
I need to do something with my money that will be helpful now which is the issue with crypto. Everything is getting more and more expensive. My rent is up, gas is up, my utilities are climbing... It is not good.
Sorry about what you are going through, you should rather consider learning a skill because that is the most important . Probably a digital skill will help you maybe cryptocurrency trading or Forex for a start.
The year is almost gone and we shouldn't really expecting much from cryptocurrency this year. It was even predicted to be full of Bear. This is the best time for accommodation of all your favourite cryptocurrency.
Though crypto currency is the future and ut has a lot of features that we cannot deny , but in as much as it has been helping people positively and cannot cannot regulated , it can never replace normal currency.
