THis article talks about what is Exit Liquidity & Why Learning About It Will Save You Thousands
BUT also inform you :
How To Avoid Becoming The Exit Liquidity which is Focus on Bitcoin, not crypto.
That’s it. That’s literally all you have to do. Just focus only on Bitcoin and you will completely avoid this entire problem forever.
While some “experts” advise of ways you can avoid being the exit liquidity such as doing proper research, diversifying your portfolio, monitoring your investments or employing risk management strategies it’s kind of like “diversifying” your position when gambling on the pokies. You’re not doing anything financially responsible, so applying sound reasoning to it is useless.
It is possible that now or in the future there will be other legitimate use cases for different types of cryptocurrencies or NFTs. We’ve already covered how the second top crypto Ethereum may have some value, but it’s entirely different to Bitcoin.
Learn More: The Difference Between Bitcoin And Ethereum
For now though the entire crypto space is 99.9999% scams and gambling on ridiculous tokens that aren’t secure, aren’t decentralized and will also go to zero over a few years. Don’t get distracted. Bitcoin is an incredible technology that’s helping hundreds of millions all over the world to save, secure their wealth and build new things that have never been possible before. Focus only on Bitcoin.