The greediness in choosing which coin to Support

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2 years ago

Cryptocurrencies have come to stay and they are changing people's lives and narratives. The government see it as major competition or challenge and they are doing everything within their power to get rid of it which obviously would no longer be be possible. Cryptocurrencies have made millionaires and offered financial Independency to many people. More people are trooping into the system each day which is why the population of crypto users keeps growing.

But not everyone are into crypto with the right reasons. Some people are only in Support of cryptocurrencies because of what they stand to gain even if it is at the expense of others. People take advantage of the current reputation of cryptocurrencies to come up with projects without fundamental values hence, the uncountable shitcoins in existence. They advertise it and make huge Money out of Innocent people who are only looking for legit means of investment.

Others look out for just any coin to invest in and hype so they could full their pockets when they find the right exit point. So, this makes the crypto ecosystem seems like a big casino where people come to play games. The experienced gains while the clueless looses.

I have been to many platforms and social media groups for crypto lovers but what I could deduce from my observation most times is that, the reason why most people Support and suggest their favourite coins to others is more of selfishness than goodwill.

Even when they are very much aware that that particular coin has no fundamental value or foundation, they still stand on their ground to say it is the best and defend it without giving any reasonable claim.

I recently joined a Binance facebook community and what I have observed there has opened my eyes to the fact that most of the individuals in crypto space are just gamblers who are only concerned about the quick bucks they could make from a particular coin be it a shitcoin or not. They are not really concerned about the long term value and how a particular project could benefit the masses.

These set of individuals would not make any research about a coin or even if they do, it doesn't bother them. They don't care about good coins like Bitcoincash which is out there with a purpose and with a potential of being immensely valuable in the long run. If you suggest such a coin to them, they would quickly trash it and refer to it as a shitcoin and regard those other gambling products as valuables.

The reason they behave in this manner is very clear and easy to understand. It is not like they really care about the survival of that coin they are currently Supporting, it is because they have selfishly invested in it and are hoping for the Price to shoot so they could have a good exit point. Therefore, they do everything within their power to trash good coins in front of newbies and over hype the ones they have invested in.

The funny thing is that, when they become successful with their mission and exited with profits, they start talking down on that particular coin they were previously hyping. That is the level of greediness that exists in the cryptoshere. Most at times, it is the clueless ones who entered late because of the false praises they have heard that suffer huge losses.

This is why the bitcoincash community is so special. The community members knows what they're pursuing and will keep chasing it tirelessly untill it is achieved. Many within the bitcoincash community use their resources to promote bitcoincash because they want the best for the masses. There is no such thing as greediness within the bitcoincash community but collective efforts towards the course of financial freedom.

Why should I even gamble when I have a constantly growing and sustainable product like BCH at my disposal? The awful thing about gambling with those shitcoins is that you could loose massively or even loose your whole investment because they are not built on anything. They are just like a boat floating on the see which could just sink at any time. They are out there for gamblers and not for real investors.

Find out the primary use and foundation of each coin to know how valuable and enduring it would be before putting your money on them. Stop listening to people and do your own research. A well established coin like BCH will never fail. Stop gambling and start real investment.

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2 years ago

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That's cool advice. Knowing the fact is what pushed me to invest in AWC token. Despite that I know is a promising coin that's going to explode soon, I still need it for continuous passive income which am enjoying right now. AWC token is really perfect one of I may suggest. For info - https://atomicwallet.io/token

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2 years ago

This is the reason why we need to hold our bitcoin cash😎

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2 years ago

Yes, tightly and show it off to others too

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2 years ago