You are viewing a single comment's thread from:

RE: Making Money is More Important Than Being "Correct" on the Economy

in #cryptocurrency6 years ago

Louis you have the right mindset when it comes to investing. For most people the only reason to invest is to make a profit. Someone being negative will miss out on the opportunities and many of us are in the boat.

I started investing in crypto late 2017 and so since then I come to see crypto very much like any other mainstream investment such as stocks, bonds, or properties. The volatility with crypto is part of the high risk and high rewards. Not a scam. People who try to scam others out of their coins and making scam coins are distorting the real value behind bitcoin and many other useful alt coins. We are at a point in time where things are being created where people have never seen before. Just because it is new does not make it a scam.

Right around beginning of 2017 likely was the best time to in set in crypto but one wouldn't have known unless they had a optimistic outlook. The truth we all wil die someday, but to appreciate what we have and what each of us have to offer will bring greater wealth to all of us.

The thought that someone or something can create ones and zeros be worth thousands got me confused at first. Yet not being biast based on the things I know and started learning about cryptography and blockchain I have found a better sense of why I should invest in crypto.

I am hooked to your recommendation of owning 1 btc and the altcoins. Your preference of 10eth is also a fine plan. I am setting some goals similar to what you recommend not because I think you are right but think doing so is an opportunity to making a lot of profit in the future. Thanks.