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RE: SafeExchange Coin Kicked Off Exchanges

in #safex7 years ago

That is a bit of the problem with these crypto oracles, every coin has them, peope you will inevitably come across that will defend why the coin they are invested in is the best coin. Unknowing people will dive head first into all of these "best coins" without having any clue of what they're doing. Sometimes even the knowledge of the most involved investors can't predict sudden changes or in this case tradability.

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The Crypto markets are risky and unpredictable, you're right about that. And people will be foolish with their money because of both FOMO and FUD, especially in something getting hyped as much as bitcoin is recently. I mostly write things like this to share with my friends who are curious about entering the markets and want to understand what they're getting into. SafeX provides a good example of what can happen and the uniformed weak hands will panic when they get caught up in it.

There is risk, but there is also reward, it's up to each individual to determine what level of exposure to each is acceptable.