Is Crypto Only a Bull-Bear Race?
Cryptocurrency is a fintech use case of Blockchain technology.
I consider cryptocurrency to be an innovation of distributed computing and Blockchain technology.
There are a few thousand cryptocurrencies on the Internet.
Most of them have no physically connectable office, foundation, or founders.
Many cryptocurrencies vanish after the ICO (Initial Coin Offering) state.
Cryptocurrency price is volatile.
Cryptocurrencies are somewhat similar to stocks.
What the adopters of cryptocurrencies would have to do?
I often see people happy or sad at cryptocurrency price fluctuation.
They write that the crypto market is bearish, so one should buy cryptos.
They also get elated at the price rise of the top cryptocurrencies.
Then, they write that now the crypto market is on a bull run or similar.
Do you agree that adopters of cryptocurrencies always have to be on their toes?
The crypto adopters must watch for the bull-bear race of the crypto prices.
When can crypto-adopters sleep peacefully?
A question always creeps into my mind.
When can the crypto adopters sleep peacefully?
Can crypto adopters at all sleep in peace?
The crypto and stock investors have to be alert about the market.
Peace of mind is ruled out for every cryptocurrency adopter and trader.
No meditation may help get rid of the financial market frenzy!
Conclusion
A cryptocurrency (and stock) adopter and trader has to bear with the so-called bull-bear race of the financial market.
Cryptocurrencies (and stocks) are a tug-of-war between the financial market frenzy-induced greed and contentment of what we already have.
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About me
I am a researcher and contribute to the overlapping areas of STEAM (Science, Technology, Engineering, Arts, and Mathematics). I am an active user and promoter of GNU/Linux, Free and Open Source Software. I develop cybersecurity and information security solutions, specifically graphical authentication security.
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Oct 23, 2023
