Can You Repeat and Make The Same Gain In Crypto?
You may hear stories like buying $8,000 of meme coin that is worth $5 million. That looks like the quickest and easiest way to make fortune in crypto. You see people are making a lot of money investing in cryptocurrency.
Maybe you think you can do the same as those people, just throw money in some random cryptos, and if luck favors you, you can become a millionaire. In a bull market, it feels like there is nothing that can stop cryptocurrency prices from going up.
When you see the price rise in front of your eyes, you feel you miss big time without investing in crypto. You do all calculations of how much you could make if you bought crypto yesterday, that’s so exciting.
We all want to make money and achieve our financial goals. That’s a good thing. But if you gamble with your money to achieve that, you are moving backward. You only see how much money people are making in crypto. Do you know how much money people are losing in crypto? People don’t like to talk about losses.
The picture you see when you are new to cryptocurrency is not the real one. Maybe you think those guys are smart and they know how to invest and make a huge profit. So, you can make money quickly like them. If something happens by luck, that is not something you like to pursue, do you?
Other people say that’s not luck, anyone can do that. Just invest your money in crypto. Ask one question. Can they repeat what they did and make the same gain? If the answer is no, that’s nothing but luck. You may dream about buying a lottery and getting rich one day. That might always remain in your dream, never come to reality.
Cryptocurrency price swings both ways. It can go up or go down. When you think about making a lot of money, you can also lose a lot of money. Ask yourself how much you want to invest in crypto.
Can you afford to lose that? If you ask yourself this question, you will not borrow money from others to invest in crypto. You cannot afford to lose money that you borrow from someone. You wish to make a profit and give money back to that person. If you lose money, how are you going to pay him back? What would be your financial situation then?
Learn, do your research and analysis, invest small first, have experience, and move forward. So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
Haha I never learn. Still, keep losing. 🤣 But I could be lucky next time. Lol