Hello everyone...
Investing in a cryptocurrency market is not easy and you could even say that it is like a wild west (for those who do not know) and it is much less easy when you do not know where to start.
On the one hand, you have supposed professionals in social networks that only do Pump and Dump and that are not interested in your investment at all, and on the other hand, you have exaggerated enthusiasts that with toxic positivism, advise you to invest in projects that are a failure and that if you are not careful you can lose everything.
In my case, I haven't lost much (thank God) at most about $10 that I invested in ShitCoins that went down in price and are worth nothing (for now), but that I keep in my wallet.
That's why in this world a very popular saying applies: " you can put lipstick on a pig, but it's still a pig". And although it refers to many things, I could say that it also refers to a person who tries many times to do something but as he is not born to do it or does not do it as it is, no matter how hard he tries it will always go wrong and even more if he always repeats the same mistakes.
Taking this saying to cryptocurrency investments, it could be said: "No matter how much you want to invest in cryptocurrencies without following the advice of real success, it will always go wrong". This is the case of whoever wants to become a millionaire investing everything in fraudulent projects like shitcoins or rug pulls or without knowing how to correctly manage the market fluctuations, always loses and when we see that we could say that this person was not born for that.
And that's what Michael Saylor talked about with Sven Henrich recently in an interview, where among other things, Saylor addressed the reasons why amateur investors to become millionaires in the short term, always lose out because they do not know how to handle the high volatility of the market and lose against that, here I leave the video for you to see:
Saylor says: "People who invest in bitcoin as traders, and don't, don't have a technological vision or a macro vision, is always going to be disappointed by volatility".
Lack of vision is a dominant factor when investing because if you don't believe in the project you are investing in do you think that when everything goes wrong you will hold on to your investment? That is why when you start buying crypto to improve your life, you should always keep in mind two things: The market can be slow and you should wait and invest only what you are willing to lose. In Leofinance these two things are something that is always recommended because if you pay attention to those lines you will not be disappointed when the market fluctuates or has a bloodbath.
So you should know that most of the cryptocurrencies have good future projections like bitcoin, other examples of continuous growth in the future is RUNE or POLYGON, currencies based on projects that capture more and more attention and investors, but this process can be a little slow and if you do not have a vision you will leave before time and you will lose twice as much.
Saylor says: Do not make impulsive trades based on speculation or give investment advice to other traders who are looking for short-term returns.
This is certainly devastating for a novice investor, since following influencers supposedly experts in cryptocurrencies can be very bad, people have been known to lose more than 300K for doing this, so if you want to know what option you have when investing make your DYOR and if you still have doubts then listen to what a real expert in investments has to say, I assure you that it will be the best.
Thank you very much for reading.
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta