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RE: Three investment rules revised

in LeoFinance4 years ago

When asked about entering crypto as an investment by someone around me I tell them to learn by doing. I encourage them to invest just a few euros so they experiment with it. As you do have even a very small skin in the game you start getting more interested and willing to learn. Then you can move from there always respecting the three rules.
One of the greatest things in crypto is that you are free to jump into any asset or DeFi service and only invest a few dollars (as long as fees are low). This was impossible in many of the traditional markets regulated by exchanges where you had to sign a contract with a broker and fund your account only to start.

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As you do have even a very small skin in the game you start getting more interested and willing to learn.

It took me a long time to buy my first, but once I did, things changed in the way I approached it all. It helped me pay attention and see it from another perspective. The hardest thing was that first purchase.

This was impossible in many of the traditional markets regulated by exchanges where you had to sign a contract with a broker and fund your account only to start.

It ends up not making it worth it, which cuts out a large portion of potential investors. How can you buy 5 dollars of Apple and what would it cost?

Posted Using LeoFinance Beta

It is amazing how hard and costly it is in traditional markets and how easy it is becoming to buy a synthetic asset representing the company equity with crypto. Just using services as synthetix or Mirror which ara already offering those products in the Etherem and the Terra blockchains.