The Crypto Projects Changing Financial Operations | ( Real Life Idea)
Cryptocurrency being an alternative to conventional currencies that we have all across the 195+ nations having their own bordered currency notes with market value added, have gone through a solid shift in use. It gets me amazed at the numbers and active crypto token holders are increasing each day, although popular coins are limited to less than 100 on market supply.
What is true about conventional #currency is that they have own market trading capacity, subjected to #inflations (yet the rate is slow) and devaluating factors attached. But, what about crypto coins that are intangible and only can be accessed through a proper chain and block?
I have been observing many market tradings of some of the famous coins and how they have been setting trends from capturing the investors attentions, with smart ideas fostering smart chains in the web. It is a fascinating thing for me to look out that, even 5-6 years ago,people who had a fair amount of assets and a consistent wealth column, of those fixed assets like : job pensions, land properties, business profits, real estates, market shares and bank funds etc., the owner had fixed mindset to spend that to some of the systematic money pool machines, that would provide them more profits at the end of the financial session.
One of my relatives had extra amount of money of which he initially didnt have any idea how to stack them properly. He had many options and more of friends to give him advices, some experts and some cracker jacks who had little knowing of what would turn over after a faulty financial decisions to take for investing adoption. One of the common human tendencies is that, when they see some of the near circles of dear friends getting a high return from a tactical maneuver of #asset employing, getting money multiplied within a short annual period - the brain operates to follow the same.
Quite that time,the prices of #gold was bit regular and the over a pair of years time passed and every ounce of 15 carat gold had the same price at the start of the cycle, fixing at $450 or so and when the end cycle came of the timeframe, it just increased a fair portion. The public opinion was that, the jewellery association might be pulling the strings back and trying to smoothly conduct trading of it.
But, market has the nature of going up- and-down and it gave little time to apply wit and stock some of the golds before the price goes high.
My relative did the same and within 2 years of time he was successful in getting 3× bonus return as the price was much higher and the #market supply was reduced to greater extent, thats when the price went high, up enough to get quick #return cashes as per transacting the bid and selling them when the pump remained for a period of time.
But, what I see a fair similarity between the market of gold & crypto that both they share some of the characteristics which make it worth spending : the high risks - high profit margin, market #volatility. It is pretty clear that in paper #currency, the value of a 100 bucks note remain same and any wealth,service, value of the amount be bought and exchanged, the merit remain the same and seemingly the time period of having the same value remain plateau. That gives it inability for being traded and no expectations of getting any lucrative value out of the paper currency exchanges.
What I see in my observation is the fact that, while volatility is attached to the digital tokens and they change price from time to time and trading amount shows different conversions in the context of exchanging, thats when the actual value of the currencies get higher up. Over time to time many market #integrations such as annexations to the currencies to #e-commerce platforms and money exchange sites, where people looking to trade services with the digital coins are the other factors that adding value to the market economy.
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The number of free traders are expanding and no doubt in the future the trend will shift towards product automation. But, I think the dilemma of losing high and winning high also gives the chase worth enjoying and exciting, because #profits are sweeter in rapid gains and the losses are bitter. Still, the desire to get sweets despite the risks gather more people around and the market is booming indeed.
What I think that for every investor, the common rules to trading should be properly exercised before making any move to financial decisions. The #risks are there for sure, but knowing how to minimize that puts the higher order of winning in crypto-asset accumulation. The #BTC hype is the lion factor and clouding of the wealth in crypto-currency would make a worthwhile contribution towards achieving your financial success.
Best of luck for your own financial journey.