Getting into the mind of a cryptocurrency investor

So many people get into cryptocurrency thinking of it as a get rich quick mechanism. But this mentality is very wrong and would not end so well with that mindset and it will be very discouraging. The right mentality to cryptocurrency investment is the mindset of investing in penny stocks because this is a very new market with a lot of volatility. Cryptocurrency investments can be a way of investing our money for the future and not an easy way to cash in on a huge amount of money within a short while. As an entrepreneur we need places to invest our money. From research I have made most millionaires today where all investors who invested in their money either into their business or bought a stock at a very early stage of their life. This should be the way we look at cryptocurrencies( A long time investments which can bring in a lot of money or we can loose some money. But it's an investment so it's a risk). Recently there has been a huge plunge in the cryptocurrency market where the market cap of cryptocurrency lost more than 200 billion dollars. This is what you should expect from a volatile market like this not a sure investment in some big company making millions everyday. For investors in cryptocurrency you need to forget about making huge return in a short while because anything can happen. A coin known as bitconnect(BCC) fell from $400 to almost $15 (although am not a big fan of this coin because of its use case) here are some screenshots.

But it is steadily moving back up now. So please when next you think of investing in cryptocurrency think of it as if you are investing in a startup which means it my be the next uber that will make you a lot of money or it can be the next juicero where you loose a lot of money. Most of all do your research before investing.

Please upvote, resteem and comment if you learnt something. Would really appreciate that.