Nice post and I agree with much of what you said.
However, this should also include a big BOLD warning label somewhere that advises people, those that might not fully comprehend otherwise, that investing in crypto, especially with funds you cannot afford to lose 100%, is a horrible horrible idea.
Crypto is still very new, and the investments you make could be worth absolutely nothing in a year or two. Do I think that'll be the case, no, but no one is to say that's not a fair possibility.
PLEASE be smart about what money you invest. Investments in crypto are still consider very risky by all accounts.
Agree, invest only what you can afford to lose!
It's implied. It's a true thing. It's a possibility but the odds are growing against this happening still it's a possibility.
Please don't assume it's implied though. The crypto community needs to be careful to self regulate and educate as new people enter the market. This is not obvious knowledge to all. If we don't regulate and take responsible action, regulation will be slapped down. And, the longer that can be pushed off, and the more time crypto has to mature prior, the better off we'll all be.
It's kind of explicit then. Also this post is part of a series and in an earlier post where I said it even more explicitly.
I heed your warning. It's a valuable one.
Regardless of which side of the fence you are on, even the crypto/bitcoin haters silently agree we are moving towards a cashless society. If they don't admit it, just follow one of them around for a few days until they make a $2.00 purchase with a credit card.
That being said, in the next 10 years, cash will be a dinosaur. And at this point Bitcoin has billions of $$$ in application and corporate investment. I'm near Chicago, and have Bitcoin ATM's within miles of my house. Once the miners get the fees down, who's going to want to pay $3.00 to get cash out of their own bank account when they can do it for $.50c with bitcoin?
Where is exactly implied? Before or after the advice to max off credit cards for gambling in crypto?
If there was no risk then I would not advice against investing everything. Also this post is not a all encompassing thing. It's also part of a series. People who invest, they are the people investing. People who are still alive today knows nothing is risk free ever, even risk free investment at the bank, these aren't truly risk free, nothing is.
Please always state at the top of the article that it's part of a series, then link to previous articles (extra readers for free). Additionally, try to use a naming scheme in your title to indicate that it's article X of series Y.
I tried this in the past with some previous series. It has its pluses and drawback. I might mention the series at the start but all the posts can be read on their own also.
Very informative and while touching many bases important for those beginning to trade, or needing a reminder of basic safety, it sure as hell doesn't tell us how to kick the eff back while watching said investments rise ... take a gander at this post it's both informative and, well, ;)
https://steemit.com/cryptotrading/@mspowderedtoast/pounded-by-the-estonian-crypto-trading-garden-gnome
Nice comment