The space is so new all you have to do if you don't know what you're doing or don't want to do the research is just buy bitcoin on a recurring basis and you'd be fine over the long term. Probably the easiest low risk investment you can make
It's a brand new asset class. First time we've had the opportunity to get in on the ground floor of a new asset class in our lifetime. Whole space is literally going to 20x at the least over the next decade plus. nikkas obsessed with becoming rich overnight can't see the forest for the trees
But it's so many pump and dumps and scams going on people get caught up
Well yeah if you only started buying at the top during a fukkin bull market then yeah that's stupid. I disagree about it being a rich man's game. People gotta do the research and get into quality projects. Stop waiting on popular people to tell you what to buy. shyt like bored ape is a no go for the average Joe of course. You should be looking to buy something that's going to appreciate exponentially in value over the next 5-10 years or something that's going to provide you with a passive income that's it. All that meme shyt or the collectibles leave that to the dummies.
You can't time the market though. When bitcoin was at 60k folks said it was going to 100k then 500k. It was supposed to be at 100k at the end of last year remember. BTC and ETH are only legit long term plays but even then we don't know how it will play out once govt regulation is fully implemented. But waiting a decade for a potential 10x to 20x isnt a good investment strategy. They would be better off investing in the stock market or real estate if you are talking long term guaranteed returns. Crypto right now is all short term flips for the folks who are making money. Half these NFT's, meta verse lands, and meme coins will be worth nothing next year. Folks stay getting caught holding the bag.
I made a lot of money off some ico's but looking back I just got lucky even though I researched very well. There are many legit projects with solid use cases but that doesn't mean the token will be worth anything. Token price has little to do with the quality of projects. It's all gambling. The only people making money are doing it from pump and dumps.
Also I say it's a rich mans game cause you need enough money to spread around and take chances on the hope that one of your plays will hit. Most folks don't have the money to absorb that kind of risk.