Too late to buy some Bitcoin/Crypto? Read this..

Chow Pak Teng
2 min readMar 21, 2021

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Mr CZ… I “should have” HODLed BNB (Binance Coin) and joined the multiverse of the Binance Universe — soon becoming “the Amazon” of the Crypto world.

To all who are looking to enter the crypto game right now, prices are EXTREMELY inflated. Do your research and have a fundamental understanding of each crypto or it’s companies’ / founders’ intention. Buy with what you are willing to lose, crypto is a volatile game and not for the faint-hearted.

2021 has set many new prices and regulatory milestones for crypto, but the hype and fall of it will happen the same as it did in 2017/2018. So only purchase with what you are willing to gamble on.

So what is exactly the true value of crypto? What you see in prices now is the cause and effect of market speculation, less on functionality and utility. The true value will only show when we have enough mainstream adoption — good enough for a Singaporean to buy fish at the wet market with BTC, and that’s gonna take a while. (Maybe someone should be the first…🧐)

Still reading?

If you’re looking to invest, the long term of crypto holds huge potential as the scale of the Internet and tech companies embed into every aspect of our lives, replacing cash with digital payment options is inevitable. How long will it take? Depends on how well crypto/blockchain companies create products to fit everyday users’ needs.

So while times are volatile, throw in what you can lose and take a gamble for a quick flip. But invest in the long term when the market cools down, as this isn’t a “trend” that will go away.

Disclaimer:

I am no financial/crypto expert, I have not made millions in crypto, trade at your own risk. If you made money, that your problem. If you lose money, that’s also your problem. K thx for reading.

#crypto #BTC #ETH #BNB #DOT #ATH #bitcoin #blockchain

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Chow Pak Teng
Chow Pak Teng

Written by Chow Pak Teng

Explaining complicated things in a simpler way.

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