Why are young people interested in investing in cryptocurrencies?
Many young people are attracted to investing in cryptocurrencies mainly due to their desire for quick wealth. Online, there are numerous success stories about buying cars and houses through cryptocurrency investments, but these tales often tend to be exaggerated. In reality, the vast majority of people in the crypto space face significant losses, with some even losing everything.
Some people still dream of achieving wealth overnight. They are drawn in by various exaggerated wealth stories that aim to entice people to enter the market, becoming the ones who take on the risks, allowing others to profit.
If serious people are making money, who would post about it on social media every day? Especially in a gray area like the crypto market, if someone is openly flaunting their wealth, they are either delusional or trying to trick you into taking on their risks, which often leads to trouble. Making money in the crypto space is by no means easy; the vast majority of people will ultimately incur losses. In capital markets, financial success depends on knowledge and expertise, not on exaggerating facts or deception.
For retail investors, lacking sufficient capital and specialized skills makes it difficult to succeed. Therefore, to establish oneself in the crypto space, one must first learn the fundamentals and investment techniques, steadily accumulate experience, and only then may one achieve success.
As a seasoned investor in the crypto space, I, Tu Fei, share my experiences and insights. Interested in the crypto space but don't know where to start? Click on my profile to see my introduction and witness the moment of miracles together.