You can hear, that cryptocurrency market is a free market and crypo`s price is only determined by supply and demand. But unfortunately, it`s not 100% precise. Thing is, crypto market is a young one, so there is a number of distinctive features, few of which you allways want to keep in mind.
First of all, there are no fundamental market indexes. Second, there are no regulatory institutions. Third, most of market`s participants are not professional traders. Next one: inequality of market`s perticipants. Few features, that are caused not by makret`s youth but by it`s nature: there is no material outcome of it`s activity; there are no common experts.
So, what you can expect, considering all that, in terms of coins prices? THIS:
- pump&dump strategies by big players;
- huge news influence. Or maybe no news influence at all;
- no guarantees of not losing all your investments in half an hour;
- huge prices volatility;
- price falling/rising with no obvious (for you) reason;
and so on.
It`s not the whole list, not even half of it. I just don`t have enough energy to make a mini-article instead of post. But you can continue by yourself
Other than that, it`s strictly fun