What New Crypto Users Should Know Before Diving In — Keep This In Mind
Imagine you are new to crypto; you have heard a lot about the emerging asset class — the news is everywhere these days — but have still not made the plunge. Nothing would serve you better than a convincing demonstration of the crypto industry’s capabilities.
Crypto has long since moved beyond being the speculative industry that some would suggest it is. That said, being speculative in trades is not necessarily an issue, especially if you’re well-informed, and know how to take advantage of useful tools at your disposal e.g. grid trading. Many people trade every day — and not just in the crypto sector. It is more than that.
The crypto industry is a completely different game: one that takes a good amount of digging to understand, and requires a certain level of financial education and foresight. In short, it’s a challenging sector that requires preparation. You need to be ready to be your own bank, accountant, and financial advisor, all at the same time. And if you plan to run a crypto-related business, then you can add being your own auditor.
It demands a deep knowledge of macro-economics and geo-political issues, both of which are crucial to crypto market trends. The inability to develop this comprehension is a pitfall that tends to turn some observers off the concept of crypto entirely.
On the flipside, there are giga brains that pursue well-thought-through, innovative ideas to bring about intentional changes to human existence with crypto.
This is not to say that there are no dishonest elements in the sector. Yes, there are — and many crypto users have seemingly grown to know how to discover bad actors these days. But that doesn’t define the industry. Consider the many aspects of crypto: blockchain, NFTs, metaverse, web3, DeFi, and even the next use case that’s yet to emerge. The relevance of the crypto sector is skyrocketing, particularly if you think of the traditional institutions that are now incorporating certain aspects of crypto into their business operations. There are many global brands that have a lot to lose if they don’t get their research right and plan for the future.
The relevance of the crypto industry is even more apparent in smaller blockchain projects that are coming up every day. Having identified overlooked or untapped opportunities — through careful studies and market research, and coming up with solutions — these projects debut with a strong will to compete fiercely to rise to the top.
We see these projects at ProBit Global, where a key driving factor for the four-year-old exchange is its positioning as one of the leading platforms for pushing out budding blockchain projects.
It bears repeating: crypto needs to be understood, particularly by a new user. And that understanding may not come from the top, where there is enough saturation of the major projects that now run the show with billions of dollars in market capitalization. Early investors in these top projects have grown to know the market and have somewhat built a wall against upcoming projects that have the potential to be big tomorrow. Yet new projects are being birthed every day, with ideas that are worth being promoted. Wouldn’t you rather get in on the ground floor and join these new projects as they rise through the ranks?
Join ProBit Global’s next IEO for a taste of the next exciting opportunity in the crypto space.
