I love the fact that its getting to a point where every man and his dog is in crypto nowadays.
I have seen people in crypto for literally 1 month and suddenly become an overnight expert. Its quite comical. How can this be?
I have been analyzing cryptocurrencies for years, and still feel like I am learning a vast amount of info most weeks. If you are really that deeply delved into the crypto world you will soon realize that it a rapid growing industry and its hard to keep up with things.
Sure, I get it, BITCOIN and some crypto coins have been the best performing asset class this year in 2019. But be that as it may, do not for a second think crypto cannot go to ZERO. This is a risky asset class, and there are hardly many use cases right now to back-up the lofty prices you are seeing in mid 2019. So we could wake up one day and and see prices decline 70–80% overnight.
I have made some very good predictions over the years, and I AM NOT saying this event is coming, but if it does I will not be surprised. Crypto has now taught me, to — “ALWAYS EXPECT THE UNEXPECTED!”
Of course I am positive going forward, but I am a realist, and that is the reason for this article. Its a repeated warning I always like to put out there. People who jump into this crypto pond expecting to become a billionaire overnight, might be better off getting a hobby or selling things on ebay. Because this is not a get rich quick scheme, if ever I saw one.
What people are forgetting as they get on YOUTUBE and watch some clown who is getting paid to shill a coin is that, its not backed up by anything more than a secret handshake in a dark room. So there are so many people getting scammed right now, and I expect that to continue. Make sure you do your research before jumping in the deep end of the pool - IN CRYPTO!
For the people that have real intentions, and what to make a real difference in their life and their families financial future, this can be just one avenue. There are lots of ways to invest and make money.
