Are we all equal when it comes to crypto, really? A simple application downloaded and fortune would already be waiting at our fingertips. No need for a diploma, an internship, or certification. Tremble, Wall Street brokers! An account opened in a few clicks on an exchange platform and we feel propelled into a parallel universe of financial markets. Let know below how beginners are the useful of crypto platforms!
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| Beginners Are The Useful Fools of Crypto Platforms |
Learners Are Valuable Fools on Crypto Platforms
The "finfluencers", these Instagrammers supposedly investment gurus and other TikTokers who have become miraculous businesswomen, promise financial independence with contagious enthusiasm.
Happy destiny would no longer be anything but a game. Behind this fantasized vision of Internet money, obviously easy because accessible to everyone, lies a more raw and nuanced reality.
Free entry does not rhyme with guaranteed success. Stories about quick gains on social networks overshadow the redundant warnings from the authorities about market volatility, the danger of leverage, and the pitfalls of cognitive biases. So many potential risks that often result in very real losses.
Should we therefore sulk at our dreams of financial emancipation? Certainly not. But, it is less unpleasant to write than to force ourselves to do so: it is vital to approach online crypto brokerage with lucidity, pragmatism and responsibility. This involves training, finding out, simulating, and above all, never investing more than we can afford to lose.
Common sense that is quickly forgotten when a token on which we have just bet increases by 500%. Yes, crypto investment can become a source of additional income for some, just as it can become the reason for impoverishment. Particularly if it is the first investment experience.
Do Not Count on Beginner's Luck
There is beginner's luck, which only lasts for a while. Then there is self-discipline, self-control, solid knowledge in finance or decentralized, cryptographic, networking technologies. These are qualities that are rarely innate, let's admit it.
Add to that techniques that may seem logical on paper, like the popular "dollar cost averaging" method. Buying more of an asset whose price is falling in order to smooth out its average purchase cost seems obvious on an arithmetic level. In investment, the author is not aware of even weak signals and only clings to positions in the hope of a bullish turnaround (in any case, no crypto is worth bitcoin, a maximalist would advise on this subject).
Crypto, the El Dorado of the ignorant? There is no situation where it is recommended to dive in head first, without asking yourself the slightest question. It is tempting to get carried away by the enthusiasm of friends, colleagues or relatives.
It is fun to bet on the next digital unicorn with complete freedom. Behind barbaric token acronyms and prophecies of societal revolutions lie complex technologies and economic issues that go far beyond the scope of a simple investment.
Sorry for the precautionary principle, time to educate you on the different projects, the underlying technologies, and the inherent risks. Investing in cryptocurrencies is not just buying a ticket in the great digital lottery, it is taking part in a project, a team, and a vision of the world.
There is no recipe for success, but the ingredients needed to invest intelligently in crypto are similar to traditional assets: first, take the time to understand the underlying mechanisms and the added value; establish a realistic strategy based on your profile and objectives and, above all, stick to it.
Then, arm yourself with patience, without getting carried away by the euphoria or panic of the moment, by setting medium and long-term goals.
Then, obviously, diversify your investments across different projects to reduce risk (did you know that allocating less than 5% of bitcoin to your portfolio can help?).
What if investing in cryptocurrencies was like climbing Everest? The view from the summit seems magnificent, but the climb can be perilous. Of course, some have succeeded, as others have lost their lives. Before getting started, you might as well equip yourself well, surround yourself with experienced guides and train.