Don't be gullible, know the tech before investing

Investing in cryptocurrency are rewarding. Investing your money in some cryptos doubling or tripling your money within just a few weeks or days. That's what we though, that's what you thought.

The problem with today's investors are they believe and follow people just because they have many followers or have deeper knowledge on what is crypto is. For example, people invest in DodgeCoin even without knowing what DodgeCoin is. If you know what is DodgeCoin it was created as a parody for Bitcoin.

https://www.thesun.co.uk/money/5277604/bitcoin-parody-dogecoin-one-billion-dollars/

Yes, we are all in here to gain, but we must remember that blockchain technology is still young, the more we don't agree to move forward the more we will be stuck in a tech that are slow and unreliable in some occasion. So what happened to the people that doesn't know where they are putting their money? It's simple they often lose eventually leaving the cryptosphere. After leaving, most of them are afraid to invest again and calling blockchain(bitcoin) a SCAM. Because of this government intervenes to prevent this from happening. Some people even gamble for their lives borrowing money from loan sharks, investing it in cryptocurrency resulting to what? It's true, it's happening all across the globe. Nearly 70% of the investors are small fry compared to the people that is around here for years.

Invest to evolve

We manage to change our lives because we believe in the blockchain technology. Now, people are using cryptocurrency as a medium for payments and transactions and we can also convert it to FIAT(government issue money). But, old tech must be upgraded in order to provide good services for a growing economy. Why can't we move forward, why are we stuck in slow moving phase. The main reason is Bitcoin. Bitcoin is slow and unreliable in most of the times, don't forget the super high fee. Remember how we change how banking works because people worked together to make blockchain technology the next banking system that "was reliable and fast". But now, there's nearly no room for growth for Bitcoin. We needed a new tech that's fast, cheap and can be updated to sustain the needs of the people.

There are tons of cryptocurrency to follow/invest. For me I will not mention them because you must find it yourself, know it's history, learn it's technology and then if that suits your needs, invest in it. Don't invest because you where told to invest. If this doesn't approves your idea, remember DodgeCoin.