It’s really evident that many people have thrown money into crypto without having any understanding of how any of this works and it scares me.
These crypto subs are LOADED with the most insanely basic questions that can be answered by spending an hour watching generic crypto videos online before pulling the trigger and purchasing. I can't for the life of me understand how people can be so quick to throw money at something without having any understanding of how it even works. There have been quite a few intelligent people here who share their approaches to investing and they really impress me because I feel like I do my due diligence but will never be able to work as efficiently as they do.. Then on the other hand we have panicking people who invested thousands of dollars and then asking how to cash out when the market goes -10% because they need the money.
How do I transfer assets? Should I use a wallet? How are the fees covered? How can I sell my bank ETH?
I'm a blue collar guy trying chasing the tech and trying to establish some financial freedom for my family by investing in crypto but I'll be damned if I put money into something without understanding the fundamentals . It's fun to explore this tech and learn how it all works even if you are only here for the money. It would be a shame to get caught up and need to move assets and suddenly have no idea how anything works.