Crypto should not be viewed as a get rich quick scheme.
Yes I know it is possible for an investor to be able to get huge returns on their investment within a short period of time , there are moments when some cryptos had more than 1000% increase within few months or even few weeks and those who invested early on those cryptos were able to make alot of returns on their investment within some few months or even few weeks and few days on some occasions too.
But despite all this it does not mean we should see investing on a crypto as a get rich quick scheme because seeing it as a get rich quick scheme can make the investor to invest on shitcoins which might later make then lose their investment, having the mentality that crypto is a get rich quick scheme could make the person to invest on pump and dump schemes that take advantage of people who are looking for coins that will make them get rich very quickly.
Always see the crypto market as a way to invest for your future and make your future great because of the increase in value that could come from that good crypto , pay more attention to investing on long term on the crypto market , buy when the price is low and Hodl for a long term investment, you will be surprised that a great crypto can even give you huge returns on your investment in the future.
Just imagine those that bought Bitcoin several years ago when it was very cheap , if those people decided to sell their bitcoin right now then they will be rich and will get very huge gains from what they invested on the bitcoin.
Many people, especially those in this part of the world see crypto as a way of getting quick returns.
But I think it should rather be an investment, it goes better as an investment.
I totally agree ! For me, the most important thing is to get returns which at least match inflation, and are ideally a bit higher.
Crypto returns are almost always higher than you can get from banks - I've got a few ALGO, and even though the return on them is among the lowest you'll find in crypto, a bank savings account with 20x that value invested in it delivers 1/20th of the interest. The only advantage (at present) of the bank account is that it is covered by government compensation schemes if anything goes wrong.
Lol, I think it is. Regardless of how we try to cover it up. assets climb astronomically here, with a good capital and luck, money comes very fast here, hehe.
Yay! 🤗
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