This is an opinion to consider!
For my part, I did not ask myself when I arrived here: how to make money quickly?
The first priority I impose on myself is always: how not to lose it?
Post
I decided to write this post about Binance today based on what I usually read there and the experience gained over 35 years in the field of stocks, gold, and for a few years now, cryptocurrencies.
Indeed, I find it sad that many people, driven by goodwill and, quite naturally, by the desire to get rich, meaning to have a better future, end up less fortunate or even ruined as victims of malicious characters.
A parallel exists between the stock market and cryptos: advisors are never the payers.
This means that you can follow the advice of those who guide you in using the tools. But, as soon as it comes to values, trust no one.
Due to their high volatility, most of the time because they are not backed by any collateral, altcoins will only have the vocation of making you poor.
Aside from bitcoin and ether to a lesser extent, the future will see Fiat currencies mixed with cryptos.
Moreover, the current swaps, to be released, are backed by USDC or USDT or other Fiat that can be credited to a bank account.
This does not mean that it is final, and hopefully, very soon, payment cards that can be directly debited or credited will emerge, but when that happens, you can be sure that it will be in one or at most two cryptos.
And in those two, there will necessarily be bitcoin. So, not making a mistake about the future means having BTC or at worst some SAT, and not fearing to have nothing else.
Only when BTC is fully mined can we imagine knowing its almost definitive value, but until then, see BTC as the vehicle of your freedom and perhaps, but very hypothetically, of your fortune. As for altcoin enthusiasts, I remind you of this mathematical rule: 100 million times zero has always been zero.
Always be cautious!
Indeed, I find it sad that many people, driven by goodwill and, quite naturally, by the desire to get rich, meaning to have a better future, end up less fortunate or even ruined as victims of malicious characters.
A parallel exists between the stock market and cryptos: advisors are never the payers.
This means that you can follow the advice of those who guide you in using the tools. But, as soon as it comes to values, trust no one.
Due to their high volatility, most of the time because they are not backed by any collateral, altcoins will only have the vocation of making you poor.
Aside from bitcoin and ether to a lesser extent, the future will see Fiat currencies mixed with cryptos.
Moreover, the current swaps, to be released, are backed by USDC or USDT or other Fiat that can be credited to a bank account.
This does not mean that it is final, and hopefully, very soon, payment cards that can be directly debited or credited will emerge, but when that happens, you can be sure that it will be in one or at most two cryptos.
And in those two, there will necessarily be bitcoin. So, not making a mistake about the future means having BTC or at worst some SAT, and not fearing to have nothing else.
Only when BTC is fully mined can we imagine knowing its almost definitive value, but until then, see BTC as the vehicle of your freedom and perhaps, but very hypothetically, of your fortune. As for altcoin enthusiasts, I remind you of this mathematical rule: 100 million times zero has always been zero.
Always be cautious!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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