People nowadays have no patience like how our grand parents or those belongs to Gen X or Y had .If you noticed success of shorts videos , shorts article , quick eating food i mean fast food , subscribed content and some somehow fast earning its like plug and play system. People nowadays specially Gen Z have completely lost their patience in most scenario and either they end with loss or failure .
Why I am writing this article because it has something which people must notice and read properly . I am purposely not here to write such article which misguide someone but at least provide little value and contribution on your knowledge and understanding .
Lets come to the point, I am closely observing Crypto Movement since 2009 and i have seen ups and down in this analysis .I have seen how crypto was promising as good investment or how badly it scammed people with the name revolution and financial freedom given back to generation .
The real manipulation if somebody wants to observe then they must jump in crypto world and they never feel tired writing books on that. As earlier i already subjected that this Article is about Those who has no patience at all in terms of investment and building Asset then Read At least this Article which obviously guide you on this .
Crypto is the some kind of Black Hole where there is no end of creation like blockchain or some other kind of technology .It can be hyped once launched ,It can be influenced by any of your friends, social media influencer, big ad company or even president of US but always keep in your mind that what is your turn on that perspective .If you thinking to invest on this or making money then should not find this choice because the risk of losing your money is on high zone .
If we learn from our old parents then they use to invest in asset like house , gold, farming, Stock market ,Govt. Bond etc but since i talking here about Gen Z they do not bother all and straight jump somewhere where they can make quick money or become quickly rich and wealthy .
Always Remember that there is no fast way to become wealthy because every one who has been wealthy in the world has put their hard effort consistently and progressive mind so Follow these step if you investing in Crypto.
- Do not jump on conclusion quickly : Crypto is the zone where it seems endless launch and why i am telling because it create addiction and attraction when suddenly hike 100 to 1000% up from penny . First of all get advice from experienced analyst ,read and get update from news, article, blogs . People around you might poke you to go and purchase crypto token ,coins but stop yourself until you ready with proper homework.
- Do not Trade crypto in any aspect : Trading in crypto like option trading, future trading , leverage trading these are highly risky and loosing your money .never jump inside all these until you are well trained by skill ,knowledge and guidance of professional .
- Do not FOMO (Fear of Missing Out) : Sometimes i gossip with someone and suddenly i saw big gain in any asset and also notice all others following same to get profit quickly, is the red flag for you because you not used your brain and simply entered in the risk zone.
- Do not invest in newly launched asset as newbie : either its from big blockchain company or well promoted ,you should avoid putting your money in buying or investing because you do not know where is the depth i mean when the real valuation starts of which we call correction , you find yourself in deep loss.
- Do not believe in Bullshit : Some people will share with you that you only lose if you sell , wait for next pump, buy cheap, diamond hands, hold it and have patience . These are common brain wash technique in crypto world .why i am telling because these people will not give you correct advice on the ground basis of your financial condition .just imagine i purchase any coin worth 100 USD but due to crash ,it shows in my portfolio worth 20 USD .Off course you will cry of loosing because you know the pain of your investment none other will feel that. so use your brain if somehow you are caught yourself in trap, exit quickly. Crypto those crash hardly gets recover that same price specially meme coin or all other altcoins .
- Do not invest all in crypto : Yes we all are greedy of making money quickly and we think if we put all money in any highly promoted coin and suddenly big red comes in trade .what will happen ? you are gone with depression and anxiety . money is gone added with sleepless night .
Now lets know ,What needs to Do if Put your Money in Crypto .
- Do research : When we buy any house then first we research about the place, owner , documentation etc so why not if you put your hard earned money in crypto .Research must be done whether The crypto is really fit for investment on the basis of its future usage, development, adoption, value etc.
- Do invest only if you ready : Find the crypto last 10 years record either checking data from coingecko or coinmarket site .if you observe that it has hit its previous price record and team behind working consistently ,development is grown rapidly, adoption is increased around the world then you should think to invest. i will never advice in any penny crypto to invest because it is for sure take your money and run away one day.
- Do keep your asset on well known exchange : exchange is the first target if anyone do cyber fraud .so always choose exchange those have kyc compliance , security and privacy upgraded system, easy to log in and trustworthy .
- Do Remember to write your secret code some where safely : If you invest in digital or crypto then this is most important task you should do because as human we are bound to forget and however we don't know if we purchase Bitcoin somewhere and stored somewhere with secret seed phrase or password but unfortunately forgot and later regret when we needed to get profit .
- Bitcoin is only where we can trust : Why i am telling this because bitcoin in last 18 years has seen many ups and down and it is a global digital money .every one wants to have few bitcoin in their wallet .Bitcoin is trusted by global investors so if someone tells you bitcoin is going to die then tell them when? because they always manipulate you to sell cheap and take your coin.
Hope you find this article little added value in the sense of knowledge in your understanding .Try to like, follow My Blog . Thank you will see in next blog post.