Dear Normie, Don’t Buy Bitcoin
Ah, Normie. You’re ready to hop into the world of cryptocurrencies and take your money out of the hands of the banks, maybe even make a bit of money on the side. While I’m all for financial freedom, I’m afraid I have to advise you to hold onto that money, at least for now. Don’t buy Bitcoin.
I get it, I really do. You hear about the wonders of Bitcoin and how people are making mad cash from buying low, selling high and such. But, when it comes down to it, there’s no guarantee you won’t lose it all.
Here are a few reasons not to buy Bitcoin:
- The cryptocurrency world is wild and unregulated. You haven’t a clue who’s governing it or how. This could mean that you’re dealing with some shady characters.
- The prices are constantly fluctuating, which, while promising big profits, could also lead to huge losses.
- You’d have to become an expert on the matter. This kind of investment shouldn’t be taken lightly.
- You need deep pockets. Even the most experienced investors need to start small, but one bitcoin is not exactly cheap.
But I’m not saying never buy Bitcoin, Normie! You’re free to make your own descisions. Start by reading as much as you can and gathering as much information as you can before taking the plunge.
That being said, I’m sure you saw the Bitcoin boom in 2017 and are already thinking “This is it. Now’s the time.” And who am I to stand in your way? But hear this, my friend — do your research first! Take a moment to understand the risks and what you’re getting yourself into.
If you decide to stick with Bitcoin, good luck to you. Until then, my advice stands — Don’t buy Bitcoin.
Yours,
Crypto Insider
