Crypto Mania: Behind the hype of cryptocurrencies
The juice is in the comments
When this Crypto crash ends a lot of these fake gurus will be gone… they are either wiped out or have scammed enough millions to lead a good good life… I think the Dogecoin Millionaire going on the show is correct, he is the perfect example of the Crypto economy.. someone that got lucky in the beginning and then spreading the hype to build up the cult
in the end the cult are just a herd of pigs and many have already been slaughtered in full.. pumped and dumped… fooled by the celebrities and so called gurus that they trusted… the recent Terra Luna saga was tragic.. some have taken their own lives… but still I do not pity them.. it was their greed and ignorance that lead them down the path
The cold hard truth is that there is no quick way to riches… if u want to try your luck and gamble go buy a lottery ticket.. at least when you win u will be paid in cash.. for Crypto paper gains are always just paper gains.. the paper gains at peak was 3 trillion and the paper gains can all be wiped out when the common folks wakes up that 99% of crypto are totally useless
If you wanna become a millionaire via investing starting from scratch.. then there’s only two ways.. time or outperformance.. you DCA into the index and given enough time your portfolio will compounding at about 10% and eventually you will hit the million dollar mark… or you work really hard and do your own research using methods like value investing to generate an above market return and compound your money at faster clip of 20% to 30%