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pexels d vaughn bell bitcoinrevolution kodd magazine culture lifestyle bitcoin crypto monnaie currency
  • Lifestyle

How to find your ideal crypto-currency ?

    Accueil > CULTURE > Lifestyle

    To find your promising crypto asset, keep a close eye on what’s happening in the crypto-currency world and learn to interpret local events correctly.

    To help you, here are blogs by expert practitioners, statements by thought leaders, channels with detailed analysis of interesting new crypto projects. Keep in mind that the main threat to an investor is crypto-currency bubbles fuelled by media hype.

    To recognise them, you need to be able to identify the signs of a hype bubble. The first of these is a steady stream of newsbreaks. This includes various mentions on social networks, discussions by ‘experts’ from nowhere, and various media personalities. The second sign is the public’s unbridled desire to get involved in the object of the hype.

    pexels rodnae productions bitcoinrevolution kodd magazine culture lifestyle bitcoin crypto monnaie currency
    pexels rodnae productions bitcoinrevolution kodd magazine culture lifestyle bitcoin crypto monnaie currency

    The number of victims of hype fever directly affects the number of newsbreaks, as everyone is tempted to write a tweet, mention their favourite hype on an Instagram feed and somehow promote a high-profile project.

    “More often than not, the value of any HYIP item is significantly overestimated,” says Tatyana Maksimenko, official representative of the Garantex exchange. Therefore, it is so important to be on the lookout for the hype of crypto-currency projects. People succumb to the herd instinct and start blindly investing their funds in projects with illusory or totally absent prospects. The larger the influx of people, the faster the bubble inflates.

    The life of such a bubble rarely exceeds one year, after which a burst occurs. Thus the project depreciates and goes to the bottom, taking with it people’s investments and their hopes of making a profit. That’s how much the nerves of investors, including bitcoin revolution users, can be tested.

    In terms of artificially inflating the bubble, the story of Dogecoin, which is actively promoted on Elon Musk’s Twitter account, is telling. Every mention of the DOGE coin by Elon leads to an increase in its rate – fans blindly rush to buy it. On 1 April, Elon Musk wrote that he was going to send Dogecoin to the moon, and over the next half hour, the coin rate rose by 20%. By April 16, the price of the joke coin had already reached $0.45, which was an all-time high, and on April 22, its price dropped by 40%.

    pexels d vaughn bell bitcoinrevolution kodd magazine culture lifestyle bitcoin crypto monnaie currency
    pexels d vaughn bell bitcoinrevolution kodd magazine culture lifestyle bitcoin crypto monnaie currency

    Crazy growth and a sharp drop in a short period of time are the main signs of a crypto-currency bubble. Of course, professionals in the fashion market – and there really are some – can make a fortune by participating in cryptobubbles. As with any pyramid scheme, it’s all decided by whether you have time to fold your cards and walk away with what you’ve won.

    Your risk tolerance, and your ability to react to the most stressful situations, as well as luck, or your lucky stars will play a huge role here! What if you buy DOGE now for $0.16 and tomorrow Elon Musk accidentally posts a picture of his dog on Twitter, after which the price of DOGE doubles or more?

    In reality, the cryptocurrency market is particularly volatile. So investors are well advised to always be on their guard and to follow the tried and tested investment strategies of professional investors.

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    Angela Anz
    Angela Anz

    The brain behind KODD, Angela is a passionate writer in her free time. Don't be surprised to find some of her articles written with passion.

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