Why do so many people love playing with cryptocurrency?
You can get rich.
Most modern people's income comes from working. Earning 500 a day might be a goal that many cannot reach. Earning 500 a day for a month totals 15,000. After taxes and deductions, you might take home around 12,000. In a year, that's 150,000 to 200,000.
In the crypto world. The simplest way is to hold coins. With a capital of 10,000, a bull market can turn it into 480,000.
This is a real recent case.
Ethereum rose from 88 USD on March 12, 2020, all the way up to 4,800 USD in November 2021. That’s an increase of 48 times. Let me ask you, what if you invested 100,000? That would be 4,800,000. You would have to work for 24 years without eating or drinking, assuming you earn 200,000 a year. Let's say you graduate from college at 23, get a job, and earn a 200,000 annual salary the first year without any expenses.
By the time you save up 4,800,000, you'd be 47 years old. Almost old. Unable to enjoy it. In the crypto world, you can achieve this goal by simply investing 100,000 during a bull market and waiting just over a year. Compared to the previous scenario, is this temptation big? Not big?
Let me add something even more shocking.
A 48-fold increase in the crypto world isn't even particularly exaggerated. During the 2021 bull market, Dogecoin, Shitcoin, Luna, Solana, etc., frequently saw returns in the hundreds or thousands of times. Is it tempting? Not tempted yet? Come on. A hundred times leverage contracts. Earn millions a day from a 1,000 investment!
This was also something that happened in the crypto world last year.
Is it intense? Is it thrilling? Just these things, compared to the hardships of working, the money comes too easily. Therefore, many people rush into the crypto world crazily. Their aim is to earn quick money in large amounts. However, most people end up as bloody chives.
In the end, be cautious entering the market. It’s easy to make money in crypto, but it’s not that easy to actually earn it.
Weigh yourself first. Don’t play too aggressively. Stay steady! Learn more! Wait for opportunities like a hunter.
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