Cryptocurrency investment is not for you!!

At present, cryptocurrency is indeed a hot topic, and after market pumps or crashes, various kinds of news circulate. After a market pump, we see many so-called crypto influencers sharing signals. A common refrain at that time is "Buy this now, thank me later." But when the market crashes, they disappear. During market crashes, people panic, start selling, and suffer losses.

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After suffering losses, people start to blame those influencers. The influencers may say to buy, but they also tell people to do their own research (DYOR) in their videos or content. Because they're not going to take responsibility for people's losses—and I think that's logical, since people don't share their profits with influencers either. So it makes sense. Profit and loss are part of the crypto market, and no matter how hard we try, we can't fully understand the next moves of the crypto market, even if we can predict many things through analysis.

I really find it ridiculous when I hear that people lose their life savings or their house after investing in crypto. Some even say they ended up on the street because of crypto. I saw some people feel pity for them, but I feel that those people don't deserve sympathy. The crypto market is not a money-making machine that will multiply assets. There is an equal chance of suffering a loss. One should invest in the crypto market, knowing the risk, and only invest an amount of money that a person can afford to lose.

I don’t want to agree with it when people say investing in cryptocurrencies is equal to gambling. I think the statement should be moderated to make it true. Investing in the crypto market without understanding is called gambling. If one person buys any cryptocurrency from the market just by listening to the word of social influencers without doing any research, there is a fair chance of loss. I think it’s gambling with the money just based on the trust of so-called influencers. So, when people suffer loss for that, it’s not so surprising. Most of the so-called influencers on social media don’t even know how to track the market.

Gambling with live savings or taking loans to invest in crypto seems reckless. Those who make such choices should accept the consequences. So I find it odd when people say they've lost everything to crypto. It's their choices that bring consequences for them. There's no justification for risking funds needed for daily living. I've even heard that some people commit suicide after suffering losses. That's even more troubling to me. First, it's reckless to invest money you can't afford to lose. Second, choosing suicide is another reckless decision that suggests deeper mental health issues requiring professional treatment.