Do i want to be a millionaire ?

in #blog7 years ago

Who doesn't ? Isn't it ?
The question is at what cost/risk ?
With so many ICO's every week, there is definitely money to be made, and few very well might be making tonnes of it, but at whose expense ? your expense ? or mine ?
Keep in mind, we are not creating new money, its just change of ownership.
So, if a tonne of money is being made by someone, then someone else is giving away their money in hope of riding the wave. It obviously is relative to time, some projects will have a long timeline, so you get time to reap its rewards, some would run out of steam even before they launch any material.
Are you willing to take that risk? And how much of your hard earned $$ are you willing to put on stake?

If you ask me, i am not one to invest in these ICO's. Am i losing on opportunities on some very good projects?
Obviously !!!!!!
But with so many ICO's out there, and having a full time job, it becomes so much difficult to research any of them.
You are then left to information coming from others.

So that brings us back to the same question.
Are you willing to put your money on stake, on someone else's information. ?

I am not willing to put my hard earned money on stake on just hearsay.
There are smart people out there doing research on these projects, and they are betting on the projects success.
And that is a calculated risk they take looking at their complete portfolio.
Following someone blindly, would not be a wise move, since even experts can be wrong.

So given a choice between "Becoming a millionaire OR Loose it all " and "Gain a decent profit", i would choose a decent profit ( coz i am not expert, and i dont pretend to be), i know my strengths, and "being lucky" isn't one of them ;)

VR

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