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RE: January 2018: Was it a Cryptocurrency Bloodbath?

in #cryptocurrency7 years ago

True it's not easy or fast. It takes a certain skill and person to get rich from this. The smart people can even take huge loans and do some risks. If you don't have many you can always use someone else.

For many people in the western world taking a bank loan even in worst case scenario it's not that risky compared to the potential upside. Especially now how safe the world has become. Million ways you can make the money back in worst case scenario. Especially now with the Internet. But it's not for everyone. Since all money can be lost and not everyone is ready for that.

But whole life is a risk haha. I'm here to bet on stuff. If you are younger it's less risky of course. Because you have more energy and could make the money back easier. But if older it might be better to play it more safe. Since a huge loss then will feel more in the pocket.

For example a young person can work so fast in this technological world and make gains fast. But it's more scarier for a non geek person to do the same.