While some are cashing out, some are crying out - The scenario surrounding cryptocurrency: A post worth reading
Good day to everybody using this blockchain, we all are genius as we have contributed in one or two ways to the success of this chain. It might sound easy but we all knows is not easy at all. They are some developers behind the scene putting all measures in place ensuring that this blockchain keeps scaling. We also have the marketers behind the scene ensuring that the good news of this blockchain is being sprout out to more ears.
What about those engaging here, it has been a great ride for them as they have always ensure that the beauty of this blockchain does not fade away. The beauty is ensuring that they drop/ good content everyday and this content with it powerful message is what attracts more investors from different part of the world to this chain. With all this being put in place we can see that it is the collective effort that catapult us to the stage we are today. It is simply division of labour I must admit.
Yesterday I dropped a post talking about greed in the cryptocurrency world and how in one or two ways we are still getting caught in such act. I used myself as a case study as I talked about how I am always caught up in such act. If it is pleb that are being caught up in such act I won't complain, I will understand that they are still new to the market and they haven't gotten much experience. But no it is not them, funny enough the pleb are the ones that made a lot of money from this year bull run in the cryptocurrency market. With their little knowledge about cryptocurrency they took us the experienced ones by surprise and they made toons of money from the market. When I think of this everyday I will just laugh, it is so funny.
When I sat out and observe the market very well, I rushed down to conclude that the pleb made toons of dollars from the market because of the mentality they came into the market with. They were just buying different coins with the hope that they will make millions in a short term and because bull run was in place, they quickly achieved it with little stress. I saw a lady celebrating and jubilating, when I asked/investigate closely I saw that it was the money she invested in #doge coin that made her so rich. I was really shocked.
I had to say to myself how the hell can someone invest in #doge coin, a meme coin with zero use case at all. But take a look at it today, she invested and she has made life from it. Another one that I heard is the lady that invested into #safemoon, we all knows this is another shit coin, this is the more reason I said back then that I won't buy it, but how did it go later? It rises beyond expectation and a lot of person that invested little money made tons of dollars from the amazing ride.
With all the good news lying around during the bull run I sat down and keep evaluating what might be wrong, the market is suppose to pay us the old hand massively but it doesn't happens like that after we have waited for years, it is really painful. Take a look at the old coins during the bull run you will see them doing 2%, 10%, 50% etc, just little percentage of movement while the shitcoins that made people rich were all doing %50000, %1000, 40000% etc. This is really questionable.
To evaluate all this I had to seat down and evaluate all that was happening then this came into my mind. I discovered that we were too wise following all the rise and fall that we have experience in the cryptocurrency world that is why we were sceptical to invest in shitcoins. My dad use to say if you want to catch a ๐ rat you should behave like a rat ๐. This is just true, if you want to make money from the cryptocurrency market you have to behave like newbie by investing in coins that you feel is safe and up to you to invest in, remember this is not a financial advise, always do your own research (DYOR) before investing in any cryptocurrency project.
Don't in any way criticize any coin by saying it is a shitcoin. You should know that the cryptocurrency world is a market, what you don't like, others will love it. With that in place I will say all project here are amazing. Make use of the money you have and invest in any cryptocurrency project that you feel is okay to invest in. Never in any way write off any project because you never can tell of it future.
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