I will like to share an educative article on the types of people drawn to the crypto markets
These have been going on in the cryptocurrency space, some people are Tech savvy that has been following the industry for years and has a deep understanding of the technology as well as the massive risks associated with it.
However, most people stumbled across crypto by chance we’re intrigued by the huge profits being made and ultimately jumped in because of the hype and easy money. over the last few bold cycles, a lot of money was made from people's speculation gambling and ultimately getting lucky and this is one of the main reasons crypto has ruined people's lives because they got into the crypto space with the intention of trying to get rich quickly without taking the time to:
▶️ Learn about the technology.
▶️ Learn about the risks.
▶️ Learn about managing money.
▶️ Learn about safely managing in crypto.
▶️ Learn about wealth.
▶️ Learn about the financial market.
Understanding that crypto had never weathered an actual macro bear market like we’re experiencing now. The fact that some people were able to make quick easy money from buying a random cryptocurrency at a low price and selling it to someone else at a higher price ruined so many people's lives because at the end of the day, many people didn’t develop any real skills or expertise required to become successful and maintain successful long term
SHORTCUT TAKERS: Most of us got into crypto trying to take a shortcut by getting lucky and when in reality true monetary and materialistic success requires hard work dedication and willingness to learn, that’s why you will keep asking questions like "WHICH COIN SHOULD I BUY ? This will never make you truly successful
The question we need to be asking ourselves is:
✅how can we make sustainable income over time?
✅How can we increase that income over time?
✅How can we create multiple ways that generate cash flow for ourselves?
Who has the ability to focus on things that matter long term will they ever jump into crypto to try and get rich overnight ? No, they wouldn’t. Understanding the risks they took because if they had taken the time or opportunity to thoroughly research and understand the technology. They likely would not have put any money they could not afford 2 lose
GAMBLING:- Crypto keeps ruining our lives because many of us need to be honest with ourselves and acknowledge that one of the main reasons we were initially drawn to the space was possible because we wanted to try and get rich overnight by gambling in the crypto market and if that’s the case that’s fine let’s accept that reality and the truth next we need to reframe that reality.
-Note: We need to keep learning new skills to increase our income and the importance of learning how to manage wealth long-term, yes, the fact that people got rich overnight in the crypto markets has ruined so many people's lives and emotional decision-making.
The reality is making money and keeping money takes time, skill, determination, discipline and focus and it’s never as easy. If you’re still here, You are strong, You have persevered, You are resilient and you’re focused.
So let’s keep cultivating the skills and knowledge required to experience success in our crypto journey and our lives at large.
kindly Like & Follow me for similar article like this.
#BNB #BTC #ETH #Ai
