Crypto currency scare!!
Some have invested there life savings becoming millionaires to now loosing everything they had. What's the deal? Is this just a temporary decline in the crypto world or was it just a world wide scam? I need answers people..
Some have invested there life savings becoming millionaires to now loosing everything they had. What's the deal? Is this just a temporary decline in the crypto world or was it just a world wide scam? I need answers people..
I don't for one moment think that it is a worldwide scam. We only need to look beyond the investment perspective at the underlying potential societal benefits that Blockchain Tech offer up to see this. However, I do think that there are many people who are in the space who are just out for what they can get, and unfortunately due to the nature of investment their gains have to come from somewhere. I know that it is too late for many but I think it is worth remembering that although some people may have made a lot of money in a short period of time, that for many of them it was a lucky gamble rather than clever investment. There are no guarantees in this market and you always need to protect yourself and the first and most fundamental aspect of that protection is to NEVER RISK MORE THAN YOU CAN AFFORD TO LOOSE! I do not say this to rub salt in the wounds of the many who are feeling pain at the moment....my heart goes out to them, but rather as a reminder to all. Cheers J
Absolutely.. the people went off the hype. I don't think our world today is ready or able to handle what the crypto world is trying to prove. Maybe in a few years we'll have another skyrocket but in the mean time I suggest everyone to me moderate on what they invest.
Congratulations @t0773mw, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.
The proven road to boost your personal success in this amazing Steem Network
Do you already know that awesome content will get great profits by following these simple steps, that have been worked out by experts?