Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
I've seen some arguments, with some folks saying that getting into crypto is hard because we gatekeep information and "alpha" on early projects.
To be honest, I can't fault that claim, but it's not as simple as it seems.
If you've recommended a coin to a family member and they bought it, only for it to dump over 70% in the next few months with no signs of recovering, then you'd understand just how that relationship can be strained, and how uncomfortable it makes you feel to do it again.
But I don't believe in throwing away the baby with the bath water. So what do I do instead?
I ensure the person shares in the responsibility of choosing what to invest in.
So for instance, when I get asked what crypto to invest in, I have a default response.
I'll simply point out some coins in the top 10 market cap zone like $XRP and $BNB, but I don't stop there.
Next I tell the fellow to research these coins and see if they're comfortable keeping their money in the coin for at least 5 years.
This way, if eventually the person invests, it would be because they saw enough reasons to. Also, we would have established that it's a long-term investment.
We need to help people get started with crypto, but we also have to do it wisely so that we're not destroying relationships.