3 ms·
It is easy to make money right now because crypto just had one of the greatest bull runs of all time. How could you say that it would be the case in the future?
by eBombzor 5y ago
It is easy to make money right now because crypto just had one of the greatest bull runs of all time. How could you say that it would be the case in the future? 400% is easy? Easy to look at a chart and assume you can grab a chunk before it moons. How do you know there will be more 100%+ gains in the future? With the gaining popularity, bitcoin and eth will probably only fluctuate less and less over time.
- fleddr 5y agoWell, I don't know, obviously. It's not just easy to make money right now, it's been like that for over a decade. Crypto in general is still growing exponentially (in usage and holders) at a rate faster than the rise of Facebook and the internet. It's being mainstreamed, Wallstreet discovered it, the first nation has implemented it, VCs are massively investing, the first batch of musicians/artists are embracing it and Twitter is about to integrate both Bitcoin and NFTs. There's plenty of very serious signs for further growth. It's still early in a way. But I could be wrong, but that doesn't invalidate the point. Sizable downside risk, far larger upside potential. If you want something risk-free, just stay out. Note that earning 400% is not only achieved by buying low and selling high. You can drastically speed up earnings using derivatives and leverage. Which is also the fastest way to lose it all, so don't. It's for the pros.