Crypto: Expectation Vs Reality

Crypto: Expectation Vs Reality

Cryptocurrency is a virtual currency used as a secure payment to buy goods and services online. It is now easily accessible as many brokers offer it as a tradable asset. The transactions using the crypto are secured and verified by blockchain. Trading with cryptocurrency is much more different than what is expected by people but the reality is something else. You will know the actual reality when you start trading and eventually get experienced. So here are some expectations people have with cryptocurrency and also the reality of it.

1. Expectation: Great Profit

It is a very common expectation that people think it is an easy and fast way to get rich overnight. We have heard that there is huge profit in cryptocurrency trading and you will get more and more profit if you invest more. It is expected that by investing in crypto you will become millionaires and there is no risk in investing. This makes people change their money in crypto and think they will only get profit.

Reality: Big Profit but Also High Risk

The reality of cryptocurrency trading is that along with great profit comes great risk. Yes, you can indeed get a big profit from this but also you can lose the money you have invested. So if you can take the risk of losing your money you can invest in this field without any stress. But if you think you will only win, then before going to buy cryptocurrency you should be aware of these risks.

2. Expectation: Bitcoin Is the Only asset

People think that to trade the most important cryptocurrency is bitcoin and it is one in the mainstream. Whenever someone talks about cryptocurrency the one thing that comes to mind is bitcoin. It can be because of the popularity of bitcoin and also because very few people know about another cryptocurrency.

Reality: A Lot of Assets Available

There are many choices available to trade along with bitcoin. It is indeed the most popular one but others are also available which you can trade and get profit. There are many tradable assets available as coins and tokens. Many brokers are beginning to offers tradable assets other than bitcoin. Some brokers offer over 30 tradable assets and these numbers are going to grow as the industry grows with time.

3. Expectation: Difficult To Get In

There was a time when it was very difficult to buy these cryptocurrencies and trade with them. It was hard to buy these directly from the owner and even from a third party as well. At that time it was very risky as there was no guarantee that you will get the coins or not. So at that time, it was expected that it is very difficult to buy these cryptocurrencies.

Reality: Easily Accessible

Nowadays these are becoming easily accessible for everyone as many brokers offer these assets to people who want to trade. Some of them even provide the cryptocurrency without all the KYC-related things as these are required nowadays to trade.

Related Resources :

13 Things You Have Not Known About Bitcoin
Common Mistakes of Cryptocurrency
3 Steps to Developing a Successful Bitcoin

Crypto: Expectation Vs Reality

Cryptocurrency is a virtual currency used as a secure payment to buy goods and services online. It is now easily accessible as many brokers offer it as a tradable asset. The transactions using the crypto are secured and verified by blockchain.

CRYPTOCURRENCY

kanta ma

2021-07-26 2 min read

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