Crypto Investors Beware: No Fast Millionaire in Cryptocurrency

The recent trend among newcomers in cryptocurrencies is the desire to quickly turn a small investment into a million dollars overnight. The fundamental purpose of cryptocurrencies, however, is to replace traditional, inflationary economic systems. Initially, people were unhappy with losing money through inflation and high interest rates embedded in conventional systems. Nowadays, many get involved in crypto projects simply to make money in US dollars, often disregarding the project's purpose, development, or underlying ideology. They convert their crypto holdings into USD and adapt to an inflationary currency, leading to most of them losing money—99% of investors tend to face losses—which tarnishes crypto’s reputation. It's crucial to realize that no investment will make you a millionaire in a single day. Investors should relax, avoid obsessing over short-term price movements, and adopt a more balanced perspective.