It is dangerous out here, trade with caution

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2 years ago

It is dangerous out here, trade with caution⚠️

I don't know who needs to hear this. A lot of hopes, aspirations and dreams have been nurtured into reality here. Still in this same environment, a lot of people have been forced to give up unwillingly and go back into their caves because they lost the vibes, enthusiasm and the resources to continue the race.

If you haven't realized yet, I'm talking of the crypto universe. I have been a witness to success stories. Some made it within few months or even weeks of stepping in. Others spent years trying and ended up becoming successful at last. I also have my success story at hand and I have been made into someone more relevant than I was before discovering cryptocurrency.

Also, I have seen people who lost a lot, even more than they gained. They regret ever coming in contact with this fantasy world. I have lost a lot also though not as much as I have gained but this has thought me lessons. The truth is that, if you are aspiring to or ever going to attain some level of success in this our little universe, then you have to maintain the right attitude; be on your gaurd and never lose concentration.

Never try to be too smart. You can't cheat the system, you only play the game; lose sometimes while making sure you win most times. This narrows down to greediness. The crypto space have been structured in the sense that it resembles a big casino where everyone comes to play one or two games. Staking their hard earned money in the hope and expectations that they win and become rich. This is not actually what it was initially designed for. This was not the intention of crypto pioneers. Their goal was to battle and win against financial dictatorship and secure a level of financial freedom for the masses against the inconsiderate governments. They only wanted to bypass the centralized Banks which are tools in the hands of the governments. But just as with every other aspects of life and nature, evolution was inevitable and here we found ourselves struggling to survive against big whales in a world which is supposed to be risk free.

Many people that have given up and now finds nothing exciting about crypto were driven by greed. One obvious thing here is that, trustworthy or let me say promising projects with good fundamentals are not as lucrative as the scammy ones. So, the likelihood of a novice or star gambler getting scammed is very common. It is only greed, misinformation and misplaced priority that would make a person go all-in on a project he knows nothing about just because it's booming at that moment while neglecting a project that has withstood the test of time and still endures.

There are lots of shitcoins in the Air ready to get pumped and dumped on you if you are not wise enough. A lot of coin out here can not be used for anything. Then I ask myself, why would someone put his money in something as worthless as a digital coin without any use potential? It is all due to greed. They hope the coin will get pumped so they can get out at its peak. But when such coin actual gets pumped, before they realize they're at the peak they found themselves at the bottom again. This time, even more deeper than they were and there is every possibility they could lose everything. Whenever I witness this kind of event which is very common these days, I don't pity the gamblers, I only sympathize with the newbies who were not well informed and lost ignorantly.

It is that same level of greed that would make you not to utilize opportunities. When you are aware of the game you are into, knowing fully well that you have just invested in a shitcoin and then you find your investment at some level of profit: tell me what would prevent you from getting out your money at that point if not that same greed that made you enter in the first place?

If you are anything like me who is not or no longer interested in gambling then you have to sit yourself down, make some research and hand pick crypto projects with futuristic values to invest in. As a new comer into the crypto universe, give up the spirit of becoming rich overnight elso you would be trading on a dangerous floor.

Also, as someone who has been in the bitcoincash community for a while, witnessed and benefited from its goodness. As someone who understands the potentials it possesses and is convinced beyond every reasonable doubt that BCH is the future of crypto currency, I confidently recommend it to new comers, traders, investors and daily users of cryptocurrency. BCH is the coin than can be used for anything a financial asset could be used for. If you doubt me, try it and see for yourself.

In this space, don't be carried away, or you will regret.

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Written by
2 years ago

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Regrets are part of life however, some risks are not worth taking. I appreciate how crypto trading works especially when it comes to trying to maximise profit on my non-custodial wallet application from https://atomicwallet.io/, on the long term.

$ 0.00
2 years ago

That is why people needs to learn the market before proceeding to making some decision to trade. Its very risky if people just dive in to trading without knowing how the market works. That is why I watch and read a lot of trading videos and articles to help me.

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2 years ago

Acquire enough knowledge first so you don't get driven the wrong way by greed.

$ 0.00
2 years ago

Exactly. Greediness is the enemy when trading. People doesn't know when to stop.

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2 years ago