Presently, there's a widespread clamour for Bitcoin other cryptocurrencies because of the downward spiral of SVB as that has been the widespread financial news all over the media and it's just amazing how the outcome is playing out because it's all been crypto carrying all bad news and making people lose their hard earned money. It's only interesting how sides have changed and fiat which supposedly is preferable than crypto is putting the years on eyes, I only can't imagine the damage that has been done. Truth remains that inasmuch as one wants to invest in crypto, they ought to do their research well and always keep doing that over and over again.
Why would anyone want to invest in crypto?
The answer is simple as they are investing in their future as crypto money is best enjoyed in years time. Crypto has been here for more than a decade and is still rolling stronger and yet it's always labelled as the bad actor which comes as no surprise today.
Always Be Prepared
One thing I wasn't ready for when I started being interested in crypto was volatility, that is the tendency of rapid and unpredictable change in price. The mindset that I had and made me certain about crypto was that it falls in price and would certainly increase in price with the unknown factor being not knowing when.
I'm certainly not a trader or one that can read up charts but I recall a few weeks back when I followed the crowd implying that the bear market is over. There's absolutely no certainty in the crypto world and understanding this only gives more sanity into what one does.
When you do actually want to invest in crypto just like me, you might be aware that crypto is volatile but might not understand how it would feel like as I experience and understand better moving forward. The wait can be for a long time for the bull market to arise and when the bull market is on, the bear market that depicts the best time to buy would be another cycle that has to be waited for.
Don't invest in what you don't understand, no one told me about crypto but wanting more, something different from the usual would make one explore more.
Be ready for the market because no matter how it is explained by anyone, having a personal experience in the crypto world is a different ball game.
Thanks for visiting my blog till next time.