Only idiots talk about random variations on the price of an asset.
I thought it was future of money and will take off because adoption is imminent and then we crypto guy control entire money supply of the future society.
It's not an asset it's a medium. And since all payment providers will utilize Blockchain exclusively within the next 5 years, being down 2% on the day is meaningless.
Unfortunately, cryptocurrency is much more vulnerable to speculation than the stock market or any other market. Big players can influence the market and do pump/dump whenever they want. Other players are essentially playing in a casino, given the valence of BTC and other altcoins. Of course, exchanges get rich from commissions, they don't care if your trades/investments are profitable or vice versa. Unless it is desirable that you do not go bankrupt, that you do not leave the stock exchange. It would be cool to open your own exchange, but even getting a license is not easy (Crypto exchange license Australia cost
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The cryptocurrency market has experienced significant volatility recently, with Bitcoin and other digital assets seeing substantial price fluctuations. While the long-term potential of these technologies remains debated, short-term market dynamics can be highly unpredictable and influenced by a range of factors. Investors should exercise caution and thoroughly research the risks and fundamentals before making any investment decisions in this rapidly evolving space.
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