In recent years cryptocurrencies such as Bitcoin, Ethereum, Solana, Binance coin, and many others have become very popular because of the profits they have left to their investors and because of all the news that has circulated around them, but if you ask someone who has never invested in cryptocurrencies what they are, they will probably tell you that it is an investment that can make you rich overnight or that it is very volatile.
Many believe that investing in cryptocurrencies is as simple as investing in the coin you like, holding it for long periods and magically the money comes to you, but not everything is so pretty, in a 2022 study, most of the respondents who had invested in crypto had lost money, we are now in 2024 and the percentage of people who are making money in crypto will be higher due to the run bullish, but in crypto the good is short-lived
Getting rich with cryptocurrencies is something that carries a very high level of risk, and not everyone can face that risk, making money can be easy with crypto, but getting rich definitely cannot, gone are the years when you invested $100 and earned hundreds of thousands, nowadays that is very complicated.
In addition, nowadays with the amount of existing cryptocurrencies and so many scams around the world of cryptocurrencies, the job becomes even more difficult, since of so many options choosing the right one and in that choice not falling into a scam is complicated.
If you want to make money in the long term with cryptocurrencies you will need to study the crypto market very well, learn about tokenomics, learn how to study the fundamentals of a cryptocurrency, and closely follow all the news of said cryptocurrency, such as partnerships, new integrations to the development team, investments by institutional investors, regulations around cryptocurrencies and much more. It's not an easy road, but it's not impossible either.
With all this, what do you think of people who think that getting rich with crypto is easy and you just have to invest money and sit and wait to make a x100 on your investment as if it were magic, do you think that some people see the crypto market as a casino? I'll read you.
Many believe that investing in cryptocurrencies is as simple as investing in the coin you like, holding it for long periods and magically the money comes to you, but not everything is so pretty, in a 2022 study, most of the respondents who had invested in crypto had lost money, we are now in 2024 and the percentage of people who are making money in crypto will be higher due to the run bullish, but in crypto the good is short-lived
Getting rich with cryptocurrencies is something that carries a very high level of risk, and not everyone can face that risk, making money can be easy with crypto, but getting rich definitely cannot, gone are the years when you invested $100 and earned hundreds of thousands, nowadays that is very complicated.
In addition, nowadays with the amount of existing cryptocurrencies and so many scams around the world of cryptocurrencies, the job becomes even more difficult, since of so many options choosing the right one and in that choice not falling into a scam is complicated.
If you want to make money in the long term with cryptocurrencies you will need to study the crypto market very well, learn about tokenomics, learn how to study the fundamentals of a cryptocurrency, and closely follow all the news of said cryptocurrency, such as partnerships, new integrations to the development team, investments by institutional investors, regulations around cryptocurrencies and much more. It's not an easy road, but it's not impossible either.
With all this, what do you think of people who think that getting rich with crypto is easy and you just have to invest money and sit and wait to make a x100 on your investment as if it were magic, do you think that some people see the crypto market as a casino? I'll read you.