Why don't we gave up crypto?
Crypto investment/ trading and adoption as utility tender becoming fashion of the day especially those who knows the taste of seamless, secure and transparent financial transactions. There are several reasons why people may choose to continue investing in cryptocurrency even after experiencing losses. But not all , some are only looking crypto as key to future economy model.
Hope for recovery , Some investors may believe that the value of a particular cryptocurrency will eventually recover and that they will be able to recoup their losses.
Emotional attachment , Cryptocurrency investments can become emotionally invested for some people. They may have a personal connection to the coin or project, or they may have a belief in its long-term potential.
Fear of missing out , Some investors may be afraid of missing out on potential gains and choose to hold on to their investments, even if they are experiencing losses.
Lack of understanding , Some investors may not fully understand the risks involved in cryptocurrency investing and may not be aware of the potential for significant losses.
Greed , Some investors may be motivated by greed and may continue to hold onto their investments in the hope of making a profit, even if they are experiencing losses. Today's crypto market has figures which can open eyes to those who were against it and thinks it as Ash. How BTC becoming roller coaster π’ and cruising at $93,000.
Financial leverage , Some investors may have taken on significant financial leverage in order to invest in cryptocurrency, and may feel that they have no choice but to continue holding onto their investments in order to repay their debts.
So it means we can't give up crypto by any means. It have great future with modern economy module.
Thank you so much for reading my thoughts and hope you will leave feedback in comments.
Cheers,
Amjad