Search the Community
Showing results for tags 'currency'.
I see a lot of people talking about cryptocurrency like they're financial advisors and there's no risk... but I wish more people would admit the truth about all investments: You're gambling. A lot of people have NO IDEA the risks involved in doing what they're doing... like some time ago people invested in bitcoin when it was at $20,000 or so, then it tanked, falling down to $3,000 - For new investors, that could have been all their savings, gone. It's madness. I really don't like seeing YouTubers especially weigh in on things you should invest in because they're guessing just like everyone else. YES! Crypto can be very profitable, but it can also destroy you if you put your money in the wrong places - I wish people would stress that more, because it's scary AF. Also... I see this all the time, promising what currency will be by the end of the year: Fact is, NO ONE ACTUALLY KNOWS, so to say something will or will not be somewhere is completely irresponsible and dangerous. Anyway... on a side note, what are you invested in? I'm genuinely curious. I myself am a sloppy and irresponsible investor... like one of those Gamestop folk-level intelligence investors. So... never ask me for advice on what to invest in... but what NOT to invest in? I'd rather help you not get rich quick than help you lose everything, nah mean?