I Can Lose Money by Trading?
7
About :
Crypto markets are volatile... Crypto markets are unpredictable... Crypto markets are crazy... :) Lately, there were some big movements on the Hive-Engine, the internal Hive tokens market, and I saw a lot of ridiculous posts on Hive regarding that... And I had to record this short vlog as a reminder about some basic things regarding trading and investing...
It isn't one of my best vlogs, as I was repeating myself a couple of times, but that was a bit intentionally done... Just to emphasize the importance of certain things... Especially for the people that are new to crypto... Most of them think that crypto is a one-way street when everyone wins... Whatever crypto project you touch, you will be a millionaire... It would be nice if it is like that...
Regarding posts on the Hive calling people to buy a certain token/coin when its on ATH... That is the perfect example of FOMO, and the perfect opportunity to NOT listen to those calls... Firstly, you have no idea where will the value of a certain token goes, as nobody knows that... Secondly, you should think about the responsibility that you are taking calling others to follow your financial advice... These things are very dangerous, especially in times when people struggle to survive day by day...
Yes, we all know about "investing only that you can afford to lose", but, unfortunately, just a minority of the people are following that rule... Especially when you are in the "surviving mode", people tend to gamble (yes, it is a gamble, and not investing or trading) and put a lot of money as their last straw...
Please be aware of these things, and take care... And don't forget to watch the video...
Thank you for your valuable time,
~ph~
Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
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