Many people are addicted to social media photos. The birth of a new generation of millionaires as easily and comfortably as we have never seen it before. By crypto trading or coin mining, that invests in buying a computer graphic card for a hundred thousand baht to hope for a main result of ten million baht. We are not saying these things are impossible, but cryptocurrencies are another thing that can make you rich. You just need to understand these things that we are going to tell you first. before deciding to grab a large sum of money and put all of them together at once.
Cryptocurrencies have very high volatility. Indeed, in the past, these highly volatile stocks were referred to as “racing stocks,” and these were the ones that made only a fraction of the millionaires to come. second, and simultaneously create an insufferable pauper. Many people are exhausted use the money that collected for the rest of their life. Leave it in the port unceasingly. The same thing happens with this cryptocurrency market. We have learnt the good lesson from TerraLuna the highest value of Luna was 119 dollars per Luna but at the early May 2022, FED (The Central Bank of America) has announce the increasing of interest rate to be 0.5% to overcome the highest inflation rate of all time. As a result, investors began to sell risky assets, which included cryptocurrencies such as Bitcoin and LUNA, whose market capitalization has dropped sharply. Whether it’s short-term speculation, long-term investment, they all go bankrupt. This is an important lesson for investors as well. Risk management is important. Don’t be so impatient that you can’t see a solution. All investments are risky, always prepare for your own “EXIT PLAN.”
According to the above paragraph, the investment is risky. Please study before investing for any reason. We recommend using only cold money to invest. What is cold money, regardless of the circumstances? Cold money is like saving money, but you will never spend it in your daily routine or your monthly payment. Moreover, not only in the short-term but also the long-term, like a couple of years, will be better. Likewise, when you gain the potential to manage your money, the investment budget may be clearly divided. Your mental or conscious risk is reduced. It is impossible for you to lose every time, but not every trade is profitable for you either. Please learn the risks. And plan your money well before making any investment decisions.
Don’t lose your confidence and believe too much in the news. Too many times, global investors have warned us that news has a greater impact on the stock market than interest rates. The same goes for cryptocurrencies. On Twitter or Facebook, short captions from famous people in the investment industry may turn the whole board upside down. Therefore, we should carefully study the purpose of the coins we wish to purchase. It’s good to hope to be successful in a short time. Everyone wants it, but if you succeed, it’s because of luck. I assure you that luck can’t help you every time. As far as knowledge and consciousness, you have it for sure.
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