That is true. But it's also difficult for people to buy just to see the prices go down even further afterwards..
It's basically like gambling. Don't gamble for more than you can afford to lose, but that's a rather harsh reality for people in crypto. To invest a bunch of money just to see the token prices crash even more.
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This is rather a patience game than gambling. Cryptocurrency (similarly to many other things) has its cycles. It will go up eventually. Maybe in months. Maybe in years.
I totally agree with you, but seriously though..
How do anyone actually know that it will go up again? The only thing that says it will, is believers and history.
I believe or know that it will go up again, I'm sure of that personally, but can anyone actually be 100% sure of it?
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There is a huge demand for cryptocurrency worldwide. A lot of people are interested in it. And more and more people are getting involved in it. I do not see why it would not go up over time. Of course there is still no 100% guarantee for it. I agree that cryptocurrency has its own risks, and everyone should invest in them responsibly. But it is not gambling. Just a relatively high risk investment. Similarly to the stock market. There is a much greater chance to win with cryptocurrency or with the stock market than to win with lottery.
That's a very good point and I totally agree with that. It's high risk investment and not gambling. Very true.
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