Trends In Crypto

So in the last article I talked about trends in making money using forex as a case study today I will be taking about crypto. The term Crypto is no longer strange in today's world and if you haven't heard the word before then you must be living under a rough or a huge mountain like Everest. It is very common now compared to ten years ago when it still sounded strange in the ears of money.

Crypto started gaining steam with the creation of the first cryptocurrency coin Bitcoin. Bitcoin is the first of it's name and it is in a category of it's own. There is Bitcoin, Altcoin and Shitcoin. It came into limelight in 2009 and since that time it has been growing. It started slowly but over time the growth and adoption increased rapidly. It came as a shock to financial analyst and to the world at large. They never expected it.

With the expansion of Bitcoin came the creation of other coins. Coins like Ethereum, Solana, Litecoin, Bitcoin Cash, etc. We're created and started to grow more rapidly than Bitcoin at it's early stage. Crypto became generally accepted and it was no longer a stranger in discussion. The world is advancing, technology is advancing and so we have to move with the times.

Crypto became a way for people to make money from the comfort of their home. It became an avenue for investments and many people started putting their money with the expectation of getting maximum returns. It became a way if making money without actually doing any physical work. You just have to be smart and spot good investment opportunities. Which coin is going up or down? Which project is the best to invest in? Which coin is the future? Were one of the many questions investors were asking themselves before putting their money in any project.

Some were lucky or should I say smart and invest in the right project reaping bountiful result while a large number of people experienced otherwise and we're victims of massive scams. Just like in life where there are people who like to use a good idea or opportunity in life for their own selfish gain so also are there people in the crypto space who scam unsuccessful investors for a living.

If you don't know there are a lot of scams in the crypto world just as there are 'rug pulls' in NFT. Unfortunately it has become very common and the scammers are getting smarter by the minute but that doesn't mean that people/investors are not getting wiser. It is because of this that Centralized Cryptocurrency Exchanges have started KYC (Know Your Customer). This is to reduce the number of scams and also catch scammers. Unsurprisingly the scammers have improved on their crafts and are coming up with new ways of evading capture.

There are various trends in crypto from investing in shitcoins to NFT's and trading (Spot and Futures). I will talk about them in my next article.

There are numerous ways of making money in crypto and out of crypto. All you have to do is find the best investment opportunity and make sure you're not scammed.

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