03-21-2023, 05:37 AM
It's better to treat your crypto like an investment rather than a lover.
<!-- SC_OFF --><div class="md"><p>Crypto is funny in that there are so many different projects promising to do so many different things that there is a corner for literally every type of person or enthusiast. This has caused quite a bit of tribalism where people get so attached to certain projects, coins or even the dev team and in some cases all 3!</p> <p>This is just a friendly reminder that not all dev teams are honest, in this space it takes time to build a reputation and most have either failed at trying or turned out to be outright scams. Then there are those that have scammed their community but the devout followers still cling to old promises and it's quite sad in some cases. </p> <p>This is the nature of a speculative market that is constantly expanding and growing in multiple sectors and directions. Treating crypto like an investment takes emotions out of it, it helps keep perspective like particular price points you want to take profit at etc. This will help you towards tangible real world goals. Simply gambling and then hoping it works can lead to disappointment and a sense of failure.</p> <p>Also, a final thought... Crypto is so fast moving and speculative that unless a dev team can deliver what they say their coin is ' solving ' or doing then it's best to treat it as a speculation. If you buy a car, you don't buy it because it'll be able to unlock certain features in 5 years, you buy as is. Maybe crypto isn't a car, but a lot of dev teams act like the bad product they're peddling is complete and want you to trust them while they take your money upfront. And in the real world, very few people are worth trusting with your finances. Sorry if this sounded a bit dad'ish, but some dev teams can make a crappy product sound groundbreaking via clever wording and bold advertising.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Socialinfluencing"> /u/Socialinfluencing </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wc0c8/its_better_to_treat_your_crypto_like_an/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wc0c8/its_better_to_treat_your_crypto_like_an/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Crypto is funny in that there are so many different projects promising to do so many different things that there is a corner for literally every type of person or enthusiast. This has caused quite a bit of tribalism where people get so attached to certain projects, coins or even the dev team and in some cases all 3!</p> <p>This is just a friendly reminder that not all dev teams are honest, in this space it takes time to build a reputation and most have either failed at trying or turned out to be outright scams. Then there are those that have scammed their community but the devout followers still cling to old promises and it's quite sad in some cases. </p> <p>This is the nature of a speculative market that is constantly expanding and growing in multiple sectors and directions. Treating crypto like an investment takes emotions out of it, it helps keep perspective like particular price points you want to take profit at etc. This will help you towards tangible real world goals. Simply gambling and then hoping it works can lead to disappointment and a sense of failure.</p> <p>Also, a final thought... Crypto is so fast moving and speculative that unless a dev team can deliver what they say their coin is ' solving ' or doing then it's best to treat it as a speculation. If you buy a car, you don't buy it because it'll be able to unlock certain features in 5 years, you buy as is. Maybe crypto isn't a car, but a lot of dev teams act like the bad product they're peddling is complete and want you to trust them while they take your money upfront. And in the real world, very few people are worth trusting with your finances. Sorry if this sounded a bit dad'ish, but some dev teams can make a crappy product sound groundbreaking via clever wording and bold advertising.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Socialinfluencing"> /u/Socialinfluencing </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wc0c8/its_better_to_treat_your_crypto_like_an/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wc0c8/its_better_to_treat_your_crypto_like_an/">[comments]</a></span>