>>12989060i have made something like £15,000 in crypto recently (about $21,000) and expect to be netting more than £100,000 before the end of the altcoin bullrun. believe me when I say that the WORST reason to get into any market, especially crypto, is due to fear of missing out. you're likely to make stupid decisions based on your own ignorance of the market and falling prey to your own emotions, which is literally the main reason that insane profits are even possible in crypto. people in control of their emotions rely on exactly that kind of mindset to pump the price.
crypto is a market full of young, high trait-openness people with hardly any aversion to risk (simply by trading in an unregulated, volatile asset is proof enough of that in itself), with just enough high-IQ, tech-savvy person arrogance to make investors feel smarter than they really are. that combination of traits might lead to the described demographic being over-represented in start-ups and make them have quite interesting personalities, but it translates poorly to investing in crypto. this kind of person is highly likely to buy into market trends based on hype alone, which is already too late. you know when you heard of gamestop stock, tesla stock, bitcoin rising in price? unless you are actually involved in these markets regularly, by the time you've heard of it it's too late - once it's public knowledge, the guys in the know are gearing up to sell. when it's popular it has peaked, it peaking or will peak soon, because the peak is what has made it popular in the first place. the current market is no exception. bitcoin has limited to zero mileage left and many altcoins are already finished too.
remember: 99% of day traders lose money. before you make a single investment decision, think carefully about why you know what you think you know, and invest with a heart of cold steel, unless you want it to turn into stone when you lose out.
