What's the weirdest thing about crypto?

[Jackl87]

As I've said many times before, crypto behaves in many strange and bizarre ways. Coins that were never thought to become valuable, are now worth serious money as people join the crypto/blockchain craze. Some projects have unique features that are actually useful, while others are nothing more than a direct clone of the original project. One thing for sure is that the industry has achieved a lot in only 12 years since Bitcoin's inception.

The crypto market really operates in mysterious sometimes that i often can not comprehend. For example i hodled a pretty dead coin for more than 3 years. The coin had almost no volume at all and my holdings of that coin where worth around 3k $ back then which was almost impossible to sell because a sell order of 3k would have dumped the price down about 100% or more. Then one day i wanted to join a presale and i did not have funds ready and i thought about that dead coin and i was surprised that there was a buy order that was big enough for all of my coins. So i sold them and i was pretty happy that i was able to do that finally. A few weeks later someone suddenly put in puy orders that were worth 50k$ or even more and suddenly the price of that dead coin shot up from 0,15$ (where i sold) to 1,50$. So after 3 years of hodling an absolute dead coin with zero volume i finally sold and only 2 weeks later someone puts in a huge buy order.. so that two weeks made me miss out on 27k $...now the price is already down again...i don't know who and why bought that coins.  

[hichamito37]

For me, the weirdest thing about crypto is that people still call them virtual money but cryptocurrencies bring real value.and their value is very volatile, unlike any other investment model I have been involved in before. Cryptocurrency market is crazy market. one coin can increase 100% in just a few hours and also can drop 1000% in just 1 day. This is thing that no other market has ever done

[Bitcoinjheta]

The weirdest thing of my crypto life is when i started holding btc coin for three years and for some reason in financial needs of the family i withdraw the interest income and remain the capital to earn again. Then,i deeply regret when the second time the btc goes $60k when i already withdraw all my btc last October 2020.

[Xampeuu]

The weirdest thing of my crypto life is when i started holding btc coin for three years and for some reason in financial needs of the family i withdraw the interest income and remain the capital to earn again. Then,i deeply regret when the second time the btc goes $60k when i already withdraw all my btc last October 2020.

similar thing happened to me, but this time I'm holding ethereum. Actually I held quite a lot of eth at that time, because for the need to get married at the end of the year I sold it all until there were only 2 eth left, and even then I sold it at the beginning of the year before the bullrun happened, I regret it, but how else, we have to move on

[sgenuine]

As I've said many times before, crypto behaves in many strange and bizarre ways. Coins that were never thought to become valuable, are now worth serious money as people join the crypto/blockchain craze. Some projects have unique features that are actually useful, while others are nothing more than a direct clone of the original project. One thing for sure is that the industry has achieved a lot in only 12 years since Bitcoin's inception.

I think that a huge part of the success depends on the marketing campaign. If people are aware of this project they are more likely to invest in it. That is why projects with good ideas and user-friendly, but ad-free will not have such a success as useless coins that were advertised a lot. If devs care about bounty campaigns, airdrops and different advertisements, their project will be successful.

[RussianEnglishTranslation]

It's weird how much money you can make doing nothing. I just go about my everyday life watching crypto youtube while I earn rewards with DeFi and staking promising cryptos like NEAR and Celo.

[LogitechMouse]

What do you think is the weirdest thing about crypto? Your input will be greatly appreciated. Thank you.

My answer with this is as weird as crypto but I think that I see the profits that crypto can give you to be kinda weird.
I mean if you will compare it to other investments out there, crypto is giving way more profits than others like the Stock Market or Bonds or Real Estate and another weird thing is that it can give that profit to you at the shortest amount of time possible.

Volatility is the weirdest thing for me because it can give you too much profits but at the same time, can give you too much losses. Predictability? Its kinda weird too but you can predict what can happen to the specific coin.

[aprilnot]

the weirdest thing is about the coin hype. a coin that has no real use case and has no long term purpose, but it was popular and pumped for a long time. this is very strange, why it could happen. just because of the hype, dirt can be as valuable as gems. and after that people screaming about crypto is shit. but still support bad coins out there

[isaac_clarke22]

~

Not for me though, if you're closely skimming through random news that Musk is hyping this coin up that's why many of his blind followers just go and throw all their money into it causing the price to pump.

[RealMalatesta]

It's up to this date where we have a plethora of wallets, exchanges, and services around the crypto/Blockchain space. Progress has been pretty good so far, but crypto is still not user-friendly as one would thought it would be. Not everyone is tech-savvy these days, so new features on a cryptocurrency may prove to be quite confusing to the average person. If I have to say there's one weird thing about crypto, is that prices move in many unusual ways. Some cryptocurrencies' prices are unmoved regardless of what happens in the real world. Others are directly linked to real world events (although not like stocks). It's a crazy world we're living in these days, where crypto does the impossible.

I would have to say that it is based on absolutely nothing and psychologically we all convinced each other that it worths money. I mean think about it, if we all collectively decide that bitcoin worths 1 cent, then it will become 1 cent, if we decide it should worth 100k then it will be 100k.

This is not brand new in the world, we decided that gold should worth something as humanity and it did, it is not like it is the rarest of the elements, there are more common and more rare stuff in the world compared to gold, and there are stuff used in a lot more stuff or not used at all (nearly) stuff too, so what makes gold so special is not really known, people can give reasons but most of them are BS reasons. So long story short crypto is not the first thing that we collectively as humans decided it should have a monetary value, but it is certainly a very new one.

[Investo20]

Weirdest thing in crypto is the manipulation. Nowadays crypto market got some growth but not enough. Still now it is a small filed, though growing but small. So influencers can shake the market with their single tweet, companies can change the whole market sentiment by a single news. And big players are using this very well with FUD news. Because of this a single tweet makes a shitcoin a million dollar project.

[SeaSoul]

The weirdest thing about crypto is that it actually works. It does something that hasn't been solved before. Coordinate a financial economy at scale around the whole globe without any actor being able to destroy it.

Oh and of course, the weirdest thing about crypto is that this new currency with potential influence on world economic order was set free by someone we will most likely never get to know. In theory, it could have been an 18 year old kid from its basement with the IQ of Vitalik Buterin.

all of that is very possible. because the crypto market is built on the trust of every crypto user in the market.
of everyone who believes in and trades in the market. it will grow the value of the crypto asset.
actually, this is almost the same as the system in traditional markets. but it's true what you said, that everyone might even be someone we wouldn't expect to be the person behind a crypto asset.
especially now that there are so many meme projects that I'm sure many of these coins don't have real projects to develop.

Yeah, it is algorithmic dispute resolution over who owns what. A register that nobody has to manually check and you can blind trusty that it will always be correct. Where else do we have that? Nowhere, that is the weirdest thing about crypto and it opens so many ways for new ideas and innovation based on algorithms.

[GreatArkansas]

(....)
What do you think is the weirdest thing about crypto? Your input will be greatly appreciated. Thank you.

I encountered very lot of weird cryptocurrencies and some people can make money on them especially when they bought early and are able to get out early too, most of the weird are the animal coins that popping on every blockchain network, not only on Ethereum/Binance Smart Chain.
And another thing is it's like NSFW coin which is named CUM ROCKET, I saw the founder of that coin being interviewed on a podcast and she is really serious with the project and seems dedicated.

[michellee]

I think the crypto itself is the weirdest thing we know because the price can go up and down any moment without predicting. It will be more volatile than stock and once the price starts to increase, that can make people rich in the short term. That will be lucky for them because they can make a lot of money from crypto. We already know what happens to many coins at the crypto. One coin is undervalued but suddenly, the price starts rising and hits the highest price, making many people who have the money make a big profit.

[avarnet]

It's true, sometimes it's coins that we don't think are valuable, but in fact the coins that we take for granted are like the Doge coin before, but now it's the high value of leisure, it makes us confused and weird.
 The strange thing is that the changes in every other exchange exchange have a different fee, so sometimes we get confused even though we sell the same coins on different exchanges

[m.rifki]

for me what is strange from my experience in crypto with all its intricacies and from what I see in crypto there must be manipulation from some parties who have the power to do it, now the thing that is getting strange is the trend where coins that have little benefit and even resistance the market is not so great, it is in demand and is considered an important asset, besides that the pattern of increases and decreases that occur in the 4-year period if you pay attention to it remains the same.

[bitcon]

The most strange thing for me about crypto is how many tools exist there. You can make up a lot of trading strategies, so it is really difficult for newbies to deal with it all. It happens quite often, that people who I new for crypto just can't do their own researches because of the lack of knowledge, so they just rely on others opinion and as a result they often lose money, as they don't know what to do with their crupto if nobody prompts them.

[feelideb]

What is weird about cryptocurrency for me is the price. Sometimes, a coin that is completely underated and overlook may shoot into limelight with the angle that have never been looked at. How the prices of coin rise is also interesting and out of this world. A percentage increase of a coin could run into millions and those that invested in such coin instantly could become a millionare!

[lumeire]

It's weird that the popularity of meme coins has increased since the start of this year. For those that have noticed it, they might not find it weird. But if you've been in the market for a few years, although there's a resemblance with the ICO craze but I still find it weird that many people invested in those.

Most people follow the trend, first a coin rise in price then there is news about it in the market as the people who posts those news might be getting some benefit from it. Either they would have invested in that meme coin or maybe paid to promote the coin. Then comes the people who blindly follow others, they are influenced by such posts and invest in the coin thinking of getting quick profit from the trend.
In this process many make huge returns who invest early in the token and who join late become bag holders as they are buying the coins that are being sold by the early buyers of the coin.

[bahagia93]

That there is still no crypto that we could imagine to become the world currency we all pay with. Bitcoin is like gold...not the kind of money you want buy apples on the market.

The application of real-life payments to Bitcoin is not yet fully implemented, although there are several companies that already like Bitcoin, but the company has not implemented it to buy any products.