@internetofvalue
8 months ago

I'm still skeptical of cryptocurrencies. How do I get over my skepticism?

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It is normally to be skeptical about cryptos. I have been in your shoes many times. I have taken risk, some I venture failed woefully (they were scams), others are successful. In all, I have learnt from my mistakes not the really about losing money but, lessons I need to learn to succeed. Mistake is the oldest way of learning. Even our life's is full of many risks, nothing is certain. Just take the risk when you still have the means. Tomorrow, the money you should have used to invest in cryptocurrency might be stolen or misplace, your might be as broke as a dead rat. I have taken risk, I am happy I didn't give up. I have investment in Bitcoin and Altcoins (more than 13 cryptos and more on the way). The future is digital and crypto is still in it early stages. This the best time to invest and smile. Invest now so that your life will not be full of regrets. Don't say I didn't advice you. The choice is yours, but decide wisely.


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Everyone talks different things about the cryptocurrency. Some says the bitcoin price will be $50.000 soon and some says that the cryptocurrency has deid and all inverstors would loose their money soon. Empty manupulations would kill our plans, so we shouldn't listen to what they say. We have to find our ways to live in this market and if we go on with our decisions we would never have skepticism.
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There was a time when the idea of crypto currency was new. In many countries, it was deemed illegal, because it would involve any currency regulating body of that particular country. So, it was ok to be skeptical in the past.
But now, even the Government and the Central banks in many countries are either accepting or having a detailed study of the block chain concept, exclusive to only the crypto currency.
Hence, you may ward off all your inhibitions and invest in it. It is completely transparent process and in the future, it's purchasing power is sure to increase as and when various governments accept it.
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There is big unstability in the crypto market and usually the investorsĀ lost their assets and it would feel the skepticism. I think the best way to avoid skepticism, we should seperate our risks, try our luck on some different coins and exchanges. Never invest to a one coin to your all asset!
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Bitcoin in 2009 was $135 in 2013 it's $3800 now and has been as high as $10,000 and there's no reason to think it wont reach higher highs in the future as we're still very early on in crypto right now.

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YOU are Right in being skeptical... and it's okay to be...!!!

It's a part of psychology of any investor.. at some point or other there is a time when this feeling takes over.. Having said that cryptos have no intrinsic value thus the risk factor is way higher than equities.

However, the technology behind these virtual currencies is very real.. the tokens that are used to fuel the businesses and the coins that are traded all hold huge speculative value hence the potential for return is very high but without much support of fundamentals with respect to the crypto currency itself. i.e. the business that requires the coins may be great but the business itself can actually do without the currency..

As a warning to all people who want to invest in any instrument be it the traditional stocks and bonds or cryptos etc...

The trick to always be at ease and at peace with your investments or speculations is that you invest only and only the money which is absolutely spare and is no way a part of your daily capital needs or backup (rainy day) money...

if you have that kind of money then research and research and research and once you've narrowed down your target crypto even then invest in phases and not all at one go...

Invest in phased manner coz it's Always better to lose an oppourtunity to gain rather than to lose any of the capital invested.



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Easy, get into airdrops first. That way you won't have to use your own money for fear of losing it and at the same time you won't miss out on the prospect of acquiring potentially outstanding cryptos. When you have the knowledge required to truly help you in the field then you can move on to buying some. but I think by then your airdrops are already making you money that you still don't have to use yours when buying other more established cryptos šŸ˜†
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The future is brought for cryptocurrencies, banks are getting involved and there's more adoption all the time, now is the time to buy and you will be happy you did in 5-10 years!
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NASDAQ has come out with index ? Further we need
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Buy bitcoins or any other altcoins that has good prospect, hold for a while and see what will become of you when the price goes up
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