So why do more people Trade CyrptoCurrencies?
Perhaps the number one reason is the simplicity. In what sense?
a. 24/7 availability and accessibility of exchanges. Unlike the normal stock market where you only allowed to trade during their operating hours. Such a big hassle (e.g. As for me, a Filipino who works abroad. I need to wake up around 4 am if I wanted to participate the Philippines Stock Exchange to catch the first tide).
b. Avoiding big AF, TF and TAX. As a simple and regular employee who works hard for his earnings, which is already undergone lists of deductions and invest to do trading; additional taxes would be very difficult and will definitely hurt everyone's butt (Except for the Whales perhaps--lol).
c. Volatility, well if you are a person who wants action and always on the go vs. a slow phase more stable market cryptocurrencies can give you this satisfaction (Just be careful of those shitcoins--set your target and don't be too greedy).
d. Lastly, are the cheap price. On top of it, is the option of "Arbitrage" (Maximizing the different prices of a certain asset/coin to buy and sell).
The next question is, so why Trade if it's still in a DOWNTREND (Especially in this difficult time)?!!!
Well, there's a saying that "The trend is your friend".
It's just a matter of learning the Fundamentals and TA. Be updated and expand your network (How I wish I can find great people with the same interest and do the forecasting instead of just waiting for signals from unreliable sources).
DISCLAIMER:
Possible count, study and decide with on your own risk.
