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RE: Introduction/Missed Opportunities: How to not become a (bitcoin) millionaire.
That makes trying to find them among the cashgrabbers and soon-to-be-never-finished projects all the harder :/
Of course and I fear that this may bring more trouble to the crypto world as a whole. Since investors "trust" those companies. 2 out of 5 can be good and the rest is pure PnD it truly is the wild west. I think this scene fits perfect with it all
There will be trouble, and it will take down some of the good projects just like that safe.
But it'll pass, all new industries go through that stage. Doesn't make it any easier on anyone losing large stakes of their savings some day. It's why you have to diversify.
But what If you start with little capital? Its diversifying still good?
That's the advantage of this new world: Low transaction costs (let's ignore BTCs current state ;)
You can take $100 and divide them among... let's say 5 coins/tokens. Buying 5 different stocks would eat half that sum, exchanging coins willl not. Over time you can switch coins or expand your portfolio, all at a small cost.
Also, searching for something to diversify into, you'll automatically learn along the way, wether you invest or not. Can't go wrong with that ;)
Now that you say it it makes more sense.
I started investing with a 220$ and now I am up to 950$
And all of it was from diversity and HODLing through tough times
Good job then. Keep it up :)