Home Bitcoin News Why People Run in to Cryptocurrencies BTC ETH ADA And Many Others?

Why People Run in to Cryptocurrencies BTC ETH ADA And Many Others?

Why People Run in to Cryptocurrencies BTC ETH ADA And Many Others

There are different reasons for why people run in to cryptocurrencies whether major cryptocurrencies or minor cryptocurrencies.

Implied that BTC and ETH are only suitable for long-term investment, but after enjoying the profits brought by BTC, people will say that BTC is good. Those who buy for short-term profits might regret. Every investor is obviously interested in seeing an all time high for his/her investor.

Those who trade feel that by the time bitcoin becomes double, they would have already made minimum 1000% returns already. And, that too without keeping high-leveraged positions.

However, those who cannot afford BTC and ETH feel that it is not realistic for them to make profits in high profile tokens. They rather prefer to invest in currencies with low prices and high profits.

Some others believe that selling half the quantity every time it moves 5% up helps. And, to further keep half as a saving – and to repeat and to do this for other coins.

Some investors have their favorite bias towards Bitcoin and some Altcoins. Bitcoin continues to be the leader of the cryptocurrency space.   The volatility of BTC and cryptocurrencies is exactly that which provides the profit-making potential.  The price of Bitcoin and several other altcoins are very unstable and every investor is expected to be prepared and planned to face all this.

Those investors who are not educated about how to deal with the volatility in the cryptocurrency market land up being frustrated.  Thus, frustration is the reaction for the recent price correction with BTC.

There are many who do not know or actually understand the fundamental narratives proposed by bitcoin advocates, but they invest in cryptos just going by the concept of passive income. Their only outlook is passive income and they are not really bothered about inflation, deflation, privacy or anything under the sun.

Many of them do not have an idea of how to invest in a cryptocurrency and they do not know what to look for.  The common ideal is to look for projects with some real room for growth. Despite, there have been instances where technologically promising projects do not show price growth or volatility and investors become frustrated as bag holders.

There are leader worshipers who are not bothered about the price and they keep trusting their leaders or influential figures in particular projects to serve as a reason to keep holding the tokens for very long.

And, some are so addicted to mining that they love mining and not investing or staking.

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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