Any one work in this market from beginning has a good knowledge about the nature of crypto market. The nature of the crypto market and speaking frankly, it isn’t for the faint of heart, it needs strong hearts. You should note that the news of “bubbles” that you’ve been hearing lately are not new to investment. The dotcom and the famous tulip bubbles are no different. There are two reasons why there is so much fear being generated about cryptocurrency now.
Yes, Bitcoin may indeed not stable. What has caused to rise in value so quickly is the fact that it so much simpler to invest in bitcoin now, in a day and age where technology gives so much power, than it was back in the 90s for the stock market. It’s just that more people know about it and it’s easier to begin investing. Secondly, word spreads fast in the age of Twitter and psychology is an important factor in investing.
If you take a look at Bitcoin’s price chart, you will find a particularly irregular mountain line. Price drops many hundreds – even thousands – in a matter of hours. Unfortunately, when investment is so open and easy, that is expected.
In fact, the only predictable thing about crypto market is its unpredictability. But, as we strongly believe, while there may be several nausea-inducing drops downs, the general trajectory is upwards.
The important things:
How smartly can you invest?
Keep your investment portfolio in balance
and how can you avoid bad investment ?