Maybe people that are trying to cash out immediately at the real cryptocurrencies traders who are only interested in trading and also investing at the same time ,both of them are all profitable if done properly.
Those who want to cash out immediately tend to not understand the essence of being patient as it goes a long way in enabling success in Crypto Currencies.
To so many so called investors and traders, it is tasky to do all these and they always want to consider the way out. This makes them to fail always.
Cryptocurrency is an extremely volatile asset and its depends on the buying force of people for it to attend a reasonable price, to get enough investors for the price to rise to a reasonable amount might take a long time, that is what we should know.
I think that people getting into the crypto markets now are even the lucky ones since they are likely going to buy coins cheaply and may have to wait for only a little period before being in profits.
Sure, that's the positive thing for them noe, especially for the ones that wants to learn and not for those who doesn't want to learn how to invest long time.
How long is the long term investment in crypto to be assured of profitability? Some posts that I have read are citing the history of Bitcoin that it was worth almost nothing that now the market price is in the vicinity of $30k. If that would take 10 years then it is quite a very long time.
You are right. Unfortunately, I still see some people crazily running into Cryptocurrencies with the aim of turning hundreds into millions in a short while which could only lead to losses for them.
Yes, they are patiently enough to learn and know what to do before making the millions they came for. We know it doesn't work so around Cryptocurrency.
Cryptocurrency at the moment is a new dawn when it comes to online investment. Those who are determined for it are making ends meet via Cryptocurrency investment.
