Watch This BEFORE You Decide To Invest In Cryptocurrencies In 2024
Channel: On Financial Terms
Date: 2024-03-30

Cryptocurrency, its an immensely popular topic nowadays, and thus Investing in it sounds like the only way for current generation to earn big money. But, speaking from my own personal experience, its a whole lot more complicated, and I tell you why. Cryptocurrencies are not backed by something fundamentals like a business model. This means that the actual value of a crypto coin is only there because of supply and demand, and nothing else. To me personally, this is the reason why I don't invest in cryptocurrencies anymore. Because imagine if overnight something strange happens, for example Elon Musk adopting the same crypto philosophy as Warren Buffet, saying bitcoin is 'probably rat poison squared' or he suddenly said you can only buy his grandma's underwear with, resulting in the fact that cryptocurrencies are suddenly worthless, your hard earned dollars will be gone forever. 

0:00 Introduction
0:16 Why I Don't Invest Anymore
1:14 Like and Subscribe
1:24 What are cryptocurrencies
2:04 Risks You Face While Investing
2:38 Opportunities For Investors
4:12 Some More Risks
5:25 These Were The Opportunities
5:47 These Were The Risks
6:08 Outro