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RE: My six months' roller coaster journey at crypto so far....
Thanks for sharing. For us beginners in the concept of digital currency, it just confirms our fears that it is too risky to invest in this platform if we do not know the nuts and bolts of digital trading.
Any kind of business is risky. The riskier the business the higher the return. As I have accounts and finance background, I know that there is no business exists which is risk free. However, crypto industry is considered riskier for now because there is fear of it being regulated, which is one way a good sign though as most of the ICOs are there just to rob people. and not to mention there are market manipulators as 70% bitcoins are held by whales and mining pools. So when Bitcoin price falls , everything false. On the other side, Regulation brings centralization and Blockchain empower decentralization. So one's benefit offsets another's disadvantage and vice versa. We need to find something that would give investors and community best out of both sides. That is protection from fraud and price manipulation, and benefit from decentralization and technological advancement of blockchain.