I still don't understand why there are still some people who thinks that investing in Bitcoin or crypto could turn their life instantly, that it could make them rich overnight.
They need to know how it works, understand it before investing or else they might just end up losing instead of gaining profit from their investment.
Well, they can't be blamed because there are certain things in the market that make newbies think that way. Today, I checked on Bitget Wallet, and guess what I noticed? A Solana-based meme coin went up over 400,000% within a few hours after its listing. It went from $0.00000477 to $0.0249. This means that someone could buy $10 worth of that token at $0.00000477, and they would have more than $47,000 after selling them at $0.0249. Can you imagine?
Now, we know that these things are only like dreams, and only the ones who are extremely lucky manage to throw a few bucks into these tokens initially only to try their luck and then they become rich overnight, but newbies don't get it, they hear and see such things and they believe anyone can get rich very quickly in this market.
