No Regulation
Due to the non-existence of government regulation and endorsement, the rise and fall of cryptocurrencies seen on media every day, one day some famous coins soared by 5000% and other famous coins plummet like a waterfall, the law and regulation enforce the rights of people, save against the theft and the fraud, it is recommended not to put all the savings into the crypto assets because the investment in crypto is risky, you have to prepare yourself after investing in crypto because one day your asset value returns to zero.
Consensus
The major coins in the crypto world are Bitcoin, Ethereum, Dogecoin, and many others are small coins, when a coin has not reached the consensus it is meaningless, investment in these coins on the basis of speculation of high returns is a waste of money and time after the coin price is raised, you need to be quick when a major coin fall you will get some value, but when a small coin fall the value closer to zero
Crooks players
Wall Street and the crypto world are flooded with crooks players, it is often seen in web media that this iconic project will surpass Bitcoin, agents, and commentators always promise their customers for better leverage even some exchanges offer more than 1000 times leverage, these are scams, you have to be careful because no one return 99% investment cost.
Technology Support
If your token is equal to b $1 then it does not mean that it is cheaper than Bitcoin or Ethereum, the value of the crypto-coin lies in its creation, the developers support, community support, and the decentralization, does the repo of blockchain code is on GitHub, synchronized, update and maintained.
Additional Value
There is no additional value associated with any cryptocurrency, the value is increased by the demand, if the value getting higher and higher it means the cryptocurrency achieve the purpose of appreciation, you must use the traditional approach to buy, hold for some time, seek appropriate opportunity and sell on the right time and convert into your favorite fiat currency.
Risky Assets
The crypto assets are riskier than stocks and gold, crypto-assets guarantee volatility but not profit, unregulated and uninsured, many times the market falls into corrections and no more certainty left moreover there is no real logic behind the cryptocurrency
Increase Your Knowledge
Some coins are beyond people’s understanding of finance, when the market is in upward direction investors stepping out to increasing positions, causing further price increases if you follow and respond early may be your gains are relatively large, therefore before investing in any cryptocurrency you need to spend hours to learn the technology and understand the value proposition and most importantly not to choose blind faith.
No Free Lunch
It is clear that there is no free lunch in the crypto world you have to pay for your judgment, some coins rebounded in price and some not, but the price of major cryptocurrencies are volatile, always generate valuation concerns, from cheap altcoins to stable coins you need to pay attention to the hottest global gaining cryptocurrency,
Codebase Finance
Bitcoin refers as the digital gold today but does not mean that Ethereum or Dogecoin has no value, but they are different in terms of mechanics and financial side, Ethereum is the complete platform, its smart contracts are the new blood to the financial market, it is the future of financial technology, however, it is slow, but its underlying blockchain technology will convert every financial application into the codebase technology.
Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://medium.com/cryptocurrencies-ups-and-down/before-to-believe-in-the-myth-of-overnight-rich-with-cryptocurrency-b634d0c188e1?source=rss——-8—————–cryptocurrency
