Topic: There’s a lot of hype with Cryptos. Why? - page 3. (Read 416 times)
The main reason is that crypto (mainly BTC) has become a better alternative investment source with much more profit in small time.crypto is getting hype bcz of the huge profit that investor are making and it is anonymous so no person tracking is there.one more reason is bcz of no tax issue while you have to pay for other investment.
Because most do not know what they’re investing in and would rather listen to the crowd.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.
Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:
è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.
Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:
è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.
98% of people came to the world of crypto-currency, just because their friends said: dude, you can raise money in this market - buy crypto currency and be rich. Then most go to the forum or google and seeks an answer to what it is better to buy, and all this is very sad.
Because most do not know what they’re investing in and would rather listen to the crowd.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.
Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:
è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.
Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:
è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.
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