It’s very easy to identify a crypto newbie, you see them panic at the slightest decrease in the value of their assets. That is when you know that this person is a complete crypto newbie. But when you see the Pros, they chew volatility, it’s what they strive on because it gets their adrenaline pumping. The crypto market is filled with volatility, but do you want to know something more exciting? This is just the tip of the iceberg because we are just starting. The crypto market cap is just slightly above $1 Trillion, sometimes it’s below, sometimes it’s above. It’s all time high was $3 Trillion, but the current daily trade volume in crypto is less than $100 Billion. Today, the traded volume was $51 Billion, but guess what, the total trading volume for Forex is over $4 Trillion.
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Let’s not even go to the calculation of the total forex market cap, if only $4 Trillion is traded daily on forex, how much is the market cap of all the stocks and shares out there. Now equate that to crypto, crypto is a different digital financial market on its own. Quite new, at least for now, so it still has a lot of growing to do. The liquidity in crypto is huge but we can still do more. The liquidity in bitcoin is a lot, having a market cap of over $300 Billion, which made it one of the most expensive digital assets in the world, but still, the volatility is not yet at its peak.
The crypto journey can test you most times, one minute the value of your asset is barely $1 the next minutes you are seeing it at double digits. Someone tweeted that if you are still in crypto by this time, that means you deserve generational wealth. This period is regarded as winter as we are seeing a lot of crypto assets get to Winter low. Look at their all time highs and look that their current price. Funny how this is nothing new in the crypto world as we have seen this happen so many times. We have seen assets go down 94% down in value and skyrocket to 200% and more.
But you as a crypto investor, your job is to remain calm and have a plan B. Because this roller coaster ride is a bumpy one.
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Bear markets and heavy crashes are how we make money in this market. A stable market is unwanted, at least by me, anyway ;)
Posted Using LeoFinance Beta
A stable market is a boring market