Home Crypto Events Crypto Is Not a Magical Money Printer Influencers Should Stop Stupid Narrative

Crypto Is Not a Magical Money Printer Influencers Should Stop Stupid Narrative

Crypto Is Not a Magical Money Printer Influencers Should Stop Stupid Narrative

Lark Davis Shared: Crypto is probably the only market where someone with $10,000 can become a millionaire in a year!

Community Response:  If my 10k that is now 8500 bought at the low of the panic between omicron and fed rate is throwing how the hell do we become millionaires because most of us are at a loss teach my brother stop preaching

Stop with this. Majority of people are losing money. Either you are extremely lucky (right moment and right coin), or you have to study a lot, to have a small chance. Crypto is not a magical money printer, and influencer should stop this stupid narrative.

No one forced you to buy/hold through a loss without protections. You need to be accountable for your own actions and even if you aren’t it’s still not a loss since you can write it off against your taxes. Sorry you made bad choices but you are not the majority of people.

Like National Lottery of Spain, the same you can be millionaire.

This is a gambling type of thing. I lost 100k €, every day thousands of new coins gaming my head it’s like drunken.

Any investment and transaction has certain risks, and prudent and reasonable investment is required.

Ironically, that’s all I have is 10k, and I’m scared to death.

So true! Anyone following Lark have that experience to share?

Realized 340k and 10k was my initial. Made life changing money and sold almost every top. I still have about 60k worth of KIBA but my bull cycle is over.

At 340 K I would’ve took literally all of that money and just reinvested it into utility driven projects and just waited.

And what would you do if the market completely broke down then? Greed kills profits. I’m much happier where I am and 100% stress free. I Don’t think people understand the landscape will change with interest rate rise and tapering ending.

I understand what you’re saying I’m just coming from the point of if I invested that money that I can afford to lose and made all that money back I would just go back to square one personally that’s all I’m saying and look at the bigger picture.

Got it and I have half of my profits in stables and the other half is in my US bank account.  My stables are in yield farming, but I’m not really trying to make any moves until after I pay my taxes in January to assess how liquid I am, I got a feeling that lot of corporations and whales are thinking similar.

No, I feel you on that congratulations and good luck with everything.

I put in $35K a year ago and I’m not a millionaire. Actually, not even close to being one.

Should I join this project or it’s just another project where people are simply getting ignored?

Any coin you recommend other than ETH that you have been shilling?

You really want to me infamous tell us how you did it what to buy and when not keep asking what is next coin to pump majority of us are studying looking at everything being put out here trying to figure it out.

Truth. Also, someone with 1M can see it crumble to 10K in a year. Volatility works both ways.

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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