Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
Hmm... that's a good question.
I can say that if I didnt know anything about the crypto sphere, first I would start studying the crypto market, start exploring and analyze the history of Bitcoin creation, I would try to understand why some currencies had such a rapid increase in their price.
But in fact, this is not the most important thing. The most important thing is the analytical thinking and understanding of the foundations of any markets and basic processes in society. Of course, the crypto market and the blockchain are different from all that was before. But there are laws that work absolutely in all walks of life.
The most trivial example: no matter how you treat this, from time immemorial to nowadays there is such a way of life that 80% of people don't understand and don't want to understand anything, 19% of people understand much more and use it, and only 1% of people fully understand what is happening around and can control it themselves. Based on the understanding of this structure in society, it is possible to draw many conclusions and more accurately predict the further development of the crypto sphere and not only that.
And we must strive for precisely this analytical thinking and understanding of what is happening around. And some separate details of the crypto will not give you much. Therefore, first of all, I would try to understand what is happening around and how you can use it.