#63 Crypto most confusing way of earnings!

Crypto! The most confusing subject on the planet Earth.

As per my top 100 methods of earning crypto currency is on # 63.

Here I want to put down the facts, Then decide would you like or dislike to trade crypto?

Let's take a quick look at the last 10 years of the crypto.

It was a number of 120 in 2013 of all crypto. 

2014 506

2015 562

2016 644

2017 1335

2018 1658

2019 2817

2021 6050 +

In the last two months of 2022 the number of crypto coins reached over 10000 +.

An average of 1000+ has increased the number of crypto currency during the last deced.

It was easy and quite understandable to handle the crypto trading in or before 2013 because the number of the currency was not over controllable. A human being can handle things nicely if there is a normal number of tasks, jobs or antyth5 else. As we see now there are more than 10k of crypto nowadays which all have separate value, name and wallets.

This is the similar to purchase a domain it was easy to select .com .org .gov .biz .eu .UK before this time now there are the domain names .bgf .sgg .up .ok .ik .rfg .ohh .dwz .XYZ .par 

Quite confusing for people, what to decide ? How to choose? What to select?

Crypto is the same nowadays passing through the circumstances..

Nobody knows the names of crypto, no body can memrise the 10000 names of crypto. An average person who needs to learn a language needs 100000+ words verbs to learn a language and take years to do it. After he she can speak, read or write in it.

At this time most scam and illegal,fraudulent activities are mining schema especially in crypto.

Companies offering free mining btc etc doge ltc thr or countless names of crypto and while someone reaches the withdrawal limits they don't send any withdrawal @ all. Question is arise that when the company is mining and virtual objects can be mined, what is the reason not to pay someone who paid time to earn?

It proves clearly that the crypto can not be mined at all. And when you request to withdraw an amount of any crypto equal to 0.0001 btc  you are asked to deposit an amount of 0.01 btc! Quite clear that company does not pay but wants to be paid by you.

We are trading on crypto with 10k, with separate values, names and wallets. How to analyze the market?

In stock exchange there are hundreds of currency few hundred of it as we know one currency in one country.

With standard value and name.

We can simply select some, few or only one pair to trade on it.

Trade on forex is quite convenient because if you trade on USD EUR GBP GOLD CAD you have easy to analyze it's market standard background and history of the years. Can simply change in your local banks or do not need thousands of wallets like crypto.

One man needs one bank account. Nobody living in Japan , Dubai, Ghana, Brazil or UK he/ she can use his or her account for local and IBA for international transactions.

Quite satisfactory and cool.

There are the most confusing factors against crypto.

What's its name? Value? Market analysis? Wallet?:standard?

You can say that we are making our profits after we do change it into btc means you have to pay again as a converter fee.

There are many governments against crypto. I vote for them to stop crypto. Because there are many other already various problems facing today's human being. Like global warming, conflicts, pandemic and many more.

Some is clapping saying that the XYZ government attempted to stop crypto-but remained quite a failure! Pity!

Is this good news for us?

And if yes then why and how?

When we live under a state which provides us all kinds of food, livelihood , health education and shelter facilities should we work against it? And is it a good thing to cheer up and clap!?

Shameful!

Work and earning is not a bad thing anyway, but it must has at least some standards, rules , regulations, reasons and standards as well.

While working on crypto, how many  names you must need to memories, how long you keep on watching markets? How many wallets and exchangers do you need?

It's quite confusing.

Crypto has no standard, no stability and future.

But it's a lobby to benify some specific country's interests or to dominate the world and it has unfortunately become a trend of people nowadays.

When we compare this trading with forex for instance EUR and USD it has a spread of few pups while trading on btc USD there are 4000 pips of spreads, how long will it take to be in profit while you placed a trade? Did you ever considered it?

It's very useful to know that every crypto trading company has its own trading platform comparing the trade on forex.

Forex brokers provide you a neutral and third party trading platform, while crypto trading companies do not. 

On forex using third party trading platform like Mt4 Mt5 you can use available technical tools to analysis, there are enough but not countless tools for your better selection to use, You can use few of them which are most convenient under your point of view or experience.

Crypto provides its own platform and separate tools for different companies, how many would you use and how much you can understand ?

One crypto has many tools while the other has too many but all different from the first one likely.

While the trade on forex Mt4/mt5 has same tools no matter what is your choice of forex broker or company means you can use same tools for 1000 forex brokers same platform as well but you need to learn each time a new platform and tools whenever you select a new crypto company to trade.

This is the most confusing factors not to trade on crypto at all.

Decide it's your turn to act.

In my point of view it's totally illegal and can be crashed at any time to trade on crypto.

Do but safe! Make but what is possible, don't fire in the air.

Despite knowing all this and much more you are still on your way. It's your ambition.

Trade on crypto is equal to running behind a shadow.

Things and facts are more visible than who is blind? It depends on you to answer.

Ok guys see you in next article upcoming soon again.

Nyvermynd