Many people are losing money gambling here. I saw one guy lost his last 25k and now telling he gonna die.
Issue isn’t with the market. The issue is with financial knowledge and tools we have with us.
Today I’m a crypto billionaire. But if I say I did it by myself, and I can do it again if I go 0, I’m damn wrong.
Read this full post, it may save you money.
I learned this from “The Psychology of Money”.
Today I’m a multi billionaire, because I grow up in United States of America. If I was in India or Africa, I won’t have that access to technology 10 or 11 years ago. I’m a multi billionaire because I studied in Harvard University and MIT, both top universities in the world, I studied in IIT in India, maybe I didn’t had billionaire friends, lawmakers and financial experts. I’m a multi billionaire because I studied CS, if I had studied law, then won’t be what I’m now.
Finally, today I am a multi billionaire, because I didn’t had access to eye catching tools like Features (Leverage), Option Trading, Telegram Bullet Proof Signal Group. Only thing I did is buy and hold. If I had these quick money making schemes, maybe I were a broke guy today.
All of you are doing trading. You are trading something that you don’t know about, you are trading some that you don’t have (leverage), you are trading because you believe it will go up (like either you or the signal provider or the project owner is the God, what ever say will must happen.)
Look crypto, stocks, forex all are pyramid scheme. The last one entering will lose everything and will give all money to previous guys. I’m a multi billionaire because I entered the scheme so early and now I’m risk free.
But you are not, because you are entering at ATH. It doesn’t means that if you enter in a new project at first round you are safe. Here I’m saying crypto market as a whole.
Whoever enter now, will have chance of wining less but losing more. Maybe you will hate me, but that’s true.
Don’t buy anything that you cannot afford to lose. Look for stable growth like 5% per month.