RE: Decentralized but Shaken: Is Crypto Really That Free?
I know so many Nigerian crypto enthusiasts who would never accept it if you told them that crypto is similar to gambling.
Perhaps in the long term, you’ll make a profit—and if that’s the case, you can sell. I’d say in 7–10 years, if you’re lucky and the energy isn’t switched off.
Well, at this point, I’ll have to follow your footsteps and become a long-term holder. But waiting 7–10 years? I’ll probably be a great-grandfather by then!😂😂😂
I think it’s best I just delete my Binance app for now until I’m ready to face it again.
For someone who isn’t a crypto expert, you actually have a good understanding of how it works. In fact, your perspective is much more logical compared to how most crypto enthusiasts paint it—as if it’s a “stand-alone” token immune to everything else.
If you look at the "cycle" of crypto (up, down, and the 5-10-year average line), you’ll understand why I say: 7-10 years.
How many days are there in your year? Or do you grow old very fast? It’s hard to believe you’ll be a great-grandfather by then.
I assume you can check Binance through the website? If so, get rid of that app and if it comes to gambling: I you pay in the hope of getting rich overnight, it's gambling. Same for many investments and the Ponzi scheme. It's gambling and a scam.
Nothing is a stand-alone; same for the fee. I remember as it all started, they said it was faster and cheaper than the average bank. Well, it's not.
The whole idea of crypto, the benefits is gone for years. You are registered everywhere, and transactions can be traced just like your wallet.
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