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RE: Share The Love, Bring Your Friends To Hive And LeoFinance!

in LeoFinance3 years ago

Oh My God, 46,500$ worth of bitcoin? You really had fate in it to keep such an amount.

I think it's crucial to understand that while you absolutely can make some fast money with crypto, you can also lose a lot of money very fast if you don't know what you are doing and obviously, anybody new to crypto won't know what they are doing.

You are so right about that, many people are dumping thousands of money considering the fact that cryptocurrencies are taking a big rise without having a piece of knowledge about the losses involved. Although it is good but it is better if they can start from the scratch and learn from people who have a knowledge about it.

I explain how you really shouldn't buy any crypto with money that you will need any time soon.

Same thing I told a friend few days ago who wanted investing into the second layer tokens because he isn't good at writing. It is good and best if we ket them know about this before hand to prepare them just incase they will be needing the cash very soon and the money or profit isn't forth coming.

So instead of buying something so somebody else is going to buy it from you for more later, you invest into something that has a real use and that will provide you with permanent passive earning.

True, although many feel they've not got the time to seat, read and write post but knowing the fact that you generate money from writing content gives you more joy than buying a token that will take years to be bought or sold to someone else. Moreover, those upvotes (Hive/Leo) can be used to buy other tradeable tokens one can buy with them so you don't have to use your cash to buy those tokens.

It is a good thing for me that almost all my friends have a good knowledge about Hive, Leo token and Sports token even though not all are engaging in all of them.

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Thank you for taking the time to write that awesome comment :-)
So much value comes from just engaging with each other here. It might not be apparent right away, but to me, that's where the true power of Hive lies!

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