Growth, progress and success of cryptocurrencies

This article is dedicated to the crypto-investors, who are seeking to grow their portfolios without becoming victims of the hype around the new cryptocurrencies and blockchain projects. The difference between growth, progress and success in relationships to cryptocurrencies is huge – and you should know how to distinguish them.

A lot of people are confused between growth, progress and success in their relationship with cryptocurrencies. There's been a lot of talk about the market crashing and whether people should even invest in a very volatile market.

The answer is yes and no.

First, let's look at growth. Growth can be defined as the increase in size, amount, or power. In cryptocurrency, growth is the increase in the price of a coin/token. When price rises, investors see this as an opportunity to make money. While everyone wants to be in a state of growth, this is probably one of the biggest reasons why people lose money on cryptocurrencies.

In order to make money on crypto, you first have to understand growth. If you're investing in a coin that has grown at 200% in one week and you have to sell at the end of that week, you're not making any money unless you sell your tokens at a higher price than what you paid for them at.

Low trading volume on the market usually goes hand-in-hand with low public interest that leads to lower cryptocurrency price. However, it does not mean that the coin has no potential. The key question to ask yourself before buying a cryptocurrency is: "Can I see myself using this coin/token in the future?"

Cryptocurrencies are used in today's world as a means of reward programs, as well as payment methods for online purchases, goods and services provided by companies that use blockchain technology. Both Bitcoin and Ethereum enable users to send coins and make payments anywhere in the world at any time for free with minimal fees. All the coins need is an internet connection...