I really don't think this young crypto investors know what their in for in this space.
The Financial markets are wrought with fraud, and they are supposedly "regulated". The crypto space is like the lawless-wild west where every scam is brand new and all the investors are fresh meat.
This rapid rise in BTC value (and other altcoins as well) has many crypto investors thinking that 1.) 100% monthly gains are par for the course, and 2.) this kind of appreciation will happen in-perpetuity. They, of course, are wrong on both counts.
As the price of BTC starts to level off, or even pull back a bit, I see the scams increasing exponentially.
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Good analysis Glad you posted this.
Thank you. :)
I really don't think this young crypto investors know what their in for in this space.
The Financial markets are wrought with fraud, and they are supposedly "regulated". The crypto space is like the lawless-wild west where every scam is brand new and all the investors are fresh meat.
This rapid rise in BTC value (and other altcoins as well) has many crypto investors thinking that 1.) 100% monthly gains are par for the course, and 2.) this kind of appreciation will happen in-perpetuity. They, of course, are wrong on both counts.
As the price of BTC starts to level off, or even pull back a bit, I see the scams increasing exponentially.
Beware!