Is Crypto Overrated?

I asked myself this question in 2020 and I have been trying to find a solid answer to it. The world has seen 1 Bitcoin go from $100 in 2015 to $60,000 in 2021. Ethereum booming to $4,000 and the like. The trend of the world today is cryptocurrency, with many innovative means of trading developed day by day. Many people jumped into the world of crypto but the question remains. Can someone make a living off crypto?

While many people have made hundreds of millions out of crypto, many have lost millions to crypto. The LUNA crash is an eye-opener. Generally, the prices of the crypto powerhouses has fallen face down as of today 13 May 2022. Bitcoin has fallen to $27,000 and Ethereum has fallen to $2000. Experts call it a setback and predict Bitcoin to bounce back. Although this is a possibility, but can one depend on a fluctuating system to make a living?

When we talk about making a living off crypto, we talk about security. Financial security is a basic reason why people need money, an element crypto can’t offer. Crypto is a gamble. No one knows the outcome and no one can predict it. The expert might analyze but no one sees the huge disaster coming.

No one can make a living off a fluctuating market. Security offers stability and peace. Crypto can make one a multimillionaire in a day and make a millionaire broke in a day. Crypto isn't a career as people make it seem. You are advised to pray for the best but expect the worse when it comes to crypto. I’m of the opinion that crypto is overrated.

Do not jump into the crypto ship because of the hype on the media. Many are gaining and many are losing. Take that skills course. Learn that programming language, take that MBA, take your fashion seriously, and be a devoted Youtuber or content creator. Be devoted to your craft. Go into crypto by choice to make money and explore but have in mind that losses are inevitable.

#Cryptocurrency #JohnMars