Hello great people, I thought of writing a few facts about cryptos and here they are. You can correct anyone you think is not right and you can share yours in the comment section.
1. It is highly volatile.
2. You can become a millionaire overnight
3. Your wallet can dwindle even on the best of assets.
4. Time is the essential factor for growth trading cryptocurrency
5. Traditional trading tools for forex may not give you an accurate result in crypto
6. The fundamental approach is better than the technical trading approach
7. Market capitalization is not a big factor in decision-making. It is simply the token price multiplied by the total token in supply.
8. Trading volume doesn’t make the best of assets.
9. The all-time high might remain the all-time high in the history of the token.
10. A token might go down below the all-time low.
11. Hype cannot sustain the price of a token for a long time.
12. A true and real use will keep the value of a token
13. Not all stable coins are stable.
14. Laszlo Hanyecz paid 10,000 Bitcoin for 2 pizzas. FYI as of today that is $670,000,000
15. Your million can become a dollar in the wrong investment.
16. Blockchain is immutable. So use your eyes-glasses before you make any transaction
17. Few teenagers can build a financial institution in their mums' garage.
18. Bitcoin halving is when the reward for bitcoin mining is cut in half, miners will receive 50% lower bitcoins for verifying transactions. This will drive the price up significantly. We should see above 100k this time.
19. It is not too late to invest in Hive.
20. There is no magic in the market. Profit is from others who are investing.
