It has been several months for me entering into this world. This world now is composed of so many options to make your money multiple folds.
There are innumerable cryptocoins with monthly increment of 100 atleast.
Some are useful, others are alike but different, rest are worthless.
But traders think of doubling, tripling, or making multi-fold by putting their money into these coins. They don't even know the tech behind those coins. Forget about newer coins, but they don't even know how Bitcoin is operating, the scalibility issues.
This is how a bubble takes place. Already we have seen Bitcoin-bubble in the year 2014. And now is the time for crypto-bubble to occur.
I am not saying to learn every detail of cryptography, computer science, mathematics of these coins. But atleast, know the problems and then, invest in those coins.
There are several coins which are of no use. I won't like to name them. Because, it won't look nice to talk about them as it would directly affect the holders and the coin's future.
Why exactly cryptocoins value is decreasing?
Well, in order to answer that, one should be pre-informed that if these coins are only kept as a mode of storing and not using them, it is a matter of concern then.
So, people are investing in ICOs. Almost every new coin is conducting a crowdfunding in order to pay the developers, creators of that coin. And these money is being taken out in order to pay the employees. Hence, there is a chance of decrease in values of Bitcoin, Ethereum as well as large markets.
So, guys, it is requested to learn the key concepts behind every coin you invest on.
A famous quote by Warren Buffett -
"Don't invest on a Business, you do not know about."