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@mykos
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Yes the diversification idea may be a bit overstated. For example sometimes it's best not to be in certain markets at all. Maybe in some cases it may be better to be more focused on your primary residence, your business if you own one..investment in yourself or education.

It may not always be just the right move to stay in several markets, it all depends. One big issue with crypto and i've managed money professionally so they'd consider me an expert.. i don't know lol... In crypto it gets quite confusing because a guy comes in and he has beginners luck so some happen to get in the market and due to the large amount of volatility some people hit it off big.

Now this quickly makes them think they know what they are doing. In reality they don't know anything about how the markets effect crypto as well. Like some people still believe crypto isn't corelated to the traditional markets. So some think oh if the traditional markets go down crypto goes up. So they don't understand how money supply works and how money enters into crypto so often times they just going on what they learned on youtube or what they learned just listening to another crypto person.

So then most just end up losing the majority of their money and you'll always have the lucky folks who dodged the bullet but at the end of the day you look at the distribution rate of cryptocurrency for the most part it looks horrible across the board and you know you're not in control .. You see 87% of bitcoin dominated and owned by 1% of the network.. you see doge coin one entity with over 30% ownership.. xrp.. one entity with over 60% ownership lol.

So people don't really know what they doing they just praying a hail mary here and hoping for the best lol.

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