Like I don’t want to be condescending and stuff to you guys who are just getting started but this isn’t just a get rich quick thing.
Well, you can take steps to be prudent, but this is completely a get rich quick thing.
It’s also a lose all your money thing. Just trying to be helpful.
That's how most get rich quick things work.
But even aside from the ICOs and sketchy coins, you're kidding yourself if the larger crypto market (even the "solid" currencies) aren't get rich quick things. Bitcoin is up 1500% in the last year. Litecoin is up over 5600%. This whole thing is a goldrush, fueled mostly by people drunk on the idea of multiplying their wealth for no effort and wanting to make a quick buck. That's basically why I tossed some money at it, and, hey, it worked! It's an attractive market in the same way a hot craps table is attractive.
You're right that people should know that many of these coins are essentially penny stocks, and carry the same risks. But I think you could have also said that about some of the more established coins back when they were available at fractions of what they're now selling for. Those of us in established cryptos and those of us in dogecoin are all playing more or less the same game here, is what i'm trying to say.
