Do You Get Confused About Which Direction the Crypto Market is Going?

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Avatar for rezoanulvibes
1 year ago

Sometimes you see a clear picture that the crypto market is going up and changing its trend. You can see a downtrend noticing the consistent fall of the price. Sometimes you get confused about which direction the crypto market is going.

You may not see the picture-perfect scenario in the market. The price starts going down and then going up after some time. You find it hard to figure out what's going on. The market might move in a side way but it is not the usual look that you can easily identify.

Practice and experience matter to increase the level of understanding. You can take more informed decisions to make investments in crypto. That's the point. No one knows the future, but based on analysis and research, we can make better decisions that will impact our financial situation.

It is important to pay attention to the latest developments and innovations in the crypto industry. You can follow trusted news sources and that will help to stay up-to-date. Experts who have experience in the crypto market share their analysis, you can check out their analysis to see how they define the present situation.

But do not make any financial decisions in the crypto market blindly trusting some experts' analysis. Analysis helps you to have a better understanding. It does not mean that what they say, everything is going to happen. Doing your analysis and research is a must. You invest your hard-earned money and you are the one who cares about your money more than anyone else.

When you make an investment, you want to maximize your return and minimize the risk. You can reduce the risk by diversifying your crypto portfolio. You do not have full exposure to a single asset and that's a good thing. In case something happens, you may lose everything if you do not diversify your portfolio.

Patience is the key when you make investments for the long term. In a short term, it may seem that nothing is happening. But when you have patience and see how it could turn out in a long term, you can see a different picture.

We all want to change our financial situation and achieve our financial goals. Your financial situation will not change overnight. It takes time and you have to keep working for that consistently. You will definitely see significant progress that will help to achieve financial freedom.

So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.

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Avatar for rezoanulvibes
1 year ago

Comments

Thanks for raising the question. There is little confusion that the tech world is entwined between greed and totalitarianism. Cryptocurrencies are also included there. The financial situation will worsen every day, even if cryptocurrencies get adopted by society. Now, the richest one percent hold most of the global resources. If cryptocurrencies succeed, the wealthiest 0.1 percent (or less) will control everything!

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1 year ago

Cryptocurrency will make more equal distribution of wealth. Early adopters will have the advantage of doing way better. And there is no barrier to entry, no matter which part of the world you live in.

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1 year ago

I read somewhere that more than ninety percent of crypto holdings are in the hands of 0.1 percent of crypto users! Unfortunately, there is no natural rule that would make equal distribution of wealth. That seems to be true for both fiat and cryptos.

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1 year ago

Big guys usually have a bigger pie. What is most important in crypto is, there is no barrier to entry.

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1 year ago

The sad truth is that using cryptos has tremendous barriers around the globe. And the situation worsens every day, with more governments imposing new regulatory laws and digital censorship against cryptos.

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1 year ago