Home Bitcoin News More of Bitcoin (BTC) Is Never Enough

More of Bitcoin (BTC) Is Never Enough

More Of Bitcoin (BTC) is Never Enough

Trying to make money from cryptocurrencies comes with risks inherent like fluctuating fortunes. Trading cryptocurrencies to make profits is an endless party to only few people. Real-life billionaires know that more of Bitcoin or any number of altcoins or meme coins is never enough.  This is indeed a life philosophy.  There is an ugly side to every field and the world of cryptocurrencies have them too.

Investing in Bitcoin, Altcoins and meme coins is indeed a roller coaster ride.  The exhilarating pump is exciting; however, this will always be followed by a fall, which many times can be very steep.  The cryptocurrency party makers call this dip as the opportunity to buy and hold and wait for the tide to change. However, not all of them have the capacity to HOLD.  Those who are in the cryptocurrency business will have to face the economic cycles which impact the market with up and down cycles – which is indeed investors who cannot stay in the game for a very long term need to worry about.

Some people are in for short-term.  They invest their non-discretionary funds hoping to make short term profits, which gets to be dangerous when the markets go hay wire and they are in a pressing emergency to cash out of the market – not able to HODL.

Getting into the Bitcoin and cryptocurrency trading space is easy; however, sustaining at the place as a holder for long is not a game for everyone and it is indeed tougher.  No one is a magician and no one as an individual can change anything in the cryptocurrency space.  The most well thought strategy can become imaginations and guess work when the trends do not follow the prospected pattern.

Just like in any field there are over achievers and giant investors who have an element of money minded genie or genius guiding them.  While those who are not lucky or those who do not have the knack and robustness to play in the field confess and complain about their losses.

Type A investors make every small retailer feel not worth staying in the game.  When the market trends crash it is horrible to explain.  The trustless nature of blockchain technology made the crypto space appear like the holy grail; however, failed stable coins like LUNA and other kinds of rug pulls have proved that the cryptocurrency space is no less than the regular investment banking space filled with scandals. Despite all more of Bitcoin (BTC) is never enough and savvy investors have their knack to buy in when there is blood in the markets.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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