QUOTE(Davidtcf @ Dec 29 2021, 02:17 AM)
Can search for articles on Crypto fundamentals. Many experts agree it is determined by supply and demand, nothing more.
https://ph.news.yahoo.com/how-to-find-bitco...-194103057.htmlI am not against anyone to invest in crypto.. Is you need to have the skills and time to monitor, best buy low sell high to earn fast. Using monitoring tools and charts. The more capital u have the easier to earn.
But for average income earners it's gonna be hard. Can you risk losing that few thousand buying Crypto? After wake up lose a few hundred and dunno when can make back the money? That is the question.
For those who like to HODL.. U cant tell the future of crypto. Like u see once china ban entire crupto value got disrupted. What if US one day ban crypto? Or Europe? If u have money to burn and no time to monitor then invest 10% the most should be ok.
Just heard of a story recently a friend's friend with high capital 1 million RM he bought, earn 5% he sell the crypto. Mostly buying less known coins or new coins. He's a day trader and monitor market closely. Can spend money like water. Until banks start to call him and soon maybe income tax will come knock on his door since he don't declare. So u need both money and time to make it big here. Are you willing to quit your job to do this? Or u find life more meaningful earning money like other normal people. Also how sustainable is this in the long run?
I have been in the crypto space since 2015 and buying btc ever since and never sell any yet. Never had a problem as long as u have conviction. The problem here is many people do not understand what is crypto and proceed to invest into it and when the dipped happened, they panic sold and blame crypto as a shitty investment
U need to dig a little deeper than this, china ban has been always happen every single year
(please check the 2013,2014,2015,2016,2017,2018,2019,2020 and 2021 news) and despite that, BTC surged even higher. Go look it up.
Again, you do not fully understand crypto when u think a country banning it is a huge deal. Cryptocurrency is meant for
decentralisation. You cannot shut down crypto unless u switch off the Internet which is virtually impossible.
Crypto is here to stay whether u like it or not. I can't say much for other alts but BTC and ETH, it definitely is.
And also, being a hodler is a better approach to crypto. I do not understand how u can justify being a trader>crypto when nobody can predict the short term movements. It's just as you are saying trade TSLA stock and never hold it because they are 'overvalued'/Toyota sold more cars than them, etc
all im saying is, u got burn from crypto doesnt means it does not have value. Do check out the BTC hash rate when its at ATH. These types of things u cant compare hand in hand with stocks.
This post has been edited by Nutbeater69: Dec 29 2021, 03:13 PM