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RE: Why Everything You Know About Investing In Crypto Is Wrong

in #crypto6 years ago

Thx for the great insights into a crypto holders heart and soul.. in regards to the major coins and tokens IMHO nobody knows where it is going.. but having been an long time skeptic currently I can see that a lot of people have not been involved at all.. especially not institutions.. ist not over until they are in...
so I believe its a 50/50 chance between a further crash towards 0 oder another boom hitting higher highs..
but everybody should take care of good money management and only spend his gamble money... unfortunately boom and bust cycles always have the same news headlines... first lucky overnight zillionairs followed by mom and pops loosing their house and last shirt... yet I did not see the later headline... so fasten your seat belts in both directions..
I would especially recommend everybody: only buy what you understand... and yes that requires to read the whitepaper and secondly ask yourself the question: is the token really necessary for the ecosystem / business model described --> e.g. it will not work without application of blockchain technology or is it just a "oh OK.. we have a token.. now lets find a good story.."
..same applies for all doing promotions..

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