Ministry NL warns young people about risks surrounding cryptocurrencies – IT Pro – News

Youth of today is totally unhinged in terms of naivety by influencers and simply using the basic common sense and own opinion is often not possible.

So, I’m getting more and more “influencers” saying that crypto is safe and profitable. Or, for example, the umpteenth account on social media that you add in the hope that you fall into their trap…

Trading in any way (stocks, exchange, crypto, options, etc.) always involves risks. Yes, if you follow the market for a long time you could possibly see a trend, but there are also the necessary snags.

As soon as young people hear that they can double their money, they are there like the chickens. But as soon as things go wrong and they lose their investment, they knock everywhere for a damage claim…
As long as there is no control on social media with regard to authenticity and/or fact checking, it is better to inform your bank about it if you decide to start trading in shares or crypto.

And sometimes, it’s wise to look at things from a different perspective so that you find out whether or not something is a good thing to do. When in doubt, never do
“Before I do anything, I ask myself “Would an idiot do that?” and if the answer is yes, I don’t do that thing” . Dwight K. Schrute

The article is in Dutch

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