Cryptocurrency is the Fast Food of the Stock MarketsteemCreated with Sketch.

in #cryptocurrency7 years ago (edited)

Crypto is to the stock market what McDonald's is to food. McDonald's is unhealthy but fills you up (hopefully); crypto is risky (up for debate) but makes you money. I'm not well educated in the world of economics and finance nor have I been in the crypto scene for more than a couple of months in total (I had an off and on relationship with crypto starting 2013 when BTC was a mere 300-400 dollars), but I like to think crypto is a faster and more 'brutal' version of the stock market. Hence the title of this post.

Crypto is rapid. Prices fluctuate like crazy and it feels like you're playing the stock market on a high. And because of these fluctuations and lack of regulation, many experts and randoms have deemed the crypto market to be risky, and that the best option is to stay clear of it altogether. But the temptation of money and the fear of missing out make a powerful combo in alluring wandering speculators.

The best thing to do right now, in my opinion, is to go for it. Invest in some crypto and play with it. I'm sure it'll entice you to learn about the stock market and how basic trading, economics, and finance works in unison. Just remember and acknowledge that crypto is like the fast food version of the stock market. It's probably not good for your money (there are scams out there and a lack of regulation), but who cares. Go in and have some fun and learn. Maybe even earn a few bucks.

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