What is the most misunderstood thing about the cryptocurrency market?

in #misunderstood5 years ago

View this answer on Musing.io

For me, the most common mistake is "Cryptocurrency is a market for get-rich-quick in which everyone can earn an enormous return without any knowledge on trading"

I have seen so many people jumped in the market with hope for just a get-rich-quick by just buying random coins. In a young and easy-to-manipulate market like cryptocurrency, superb trading skills are required in other to earn from the market. There is no such thing as easy trading or get-rich-quick here. It's all blood and sweat to earn here.

Sort:  

Hi @attoan.cmt!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 2.188 which ranks you at #21615 across all Steem accounts.
Your rank has dropped 26 places in the last three days (old rank 21589).

We curated this post of yours in our last Algorithmic Curation Round, which included the curation of in total 190 contributions. Unfortunately, your post ranked last, at #190.

Evaluation of your UA score:

:* Only a few people are following you, try to convince more people with good work.

  • Try to show your post to more followers, for example via networking on our discord!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server