How reliable is crypto?

[AlphaBheta]

It's a bit ironic, considering how many people depend on crypto for financial freedom, but the reality is, crypto is the epitome of uncertainty.

Very few things can be counted on, and to be fair it's part of the thrill of it, before I started to master FA and TA, I was practically gambling. The good thing is, I stuck with it and things are a lot more stable now. I still invest in projects when I can, but I mostly trade and flip crypto whatever the trend is.

Heck, I can even do trading competitions or dedicated events Personally, I think if you're in crypto you should learn to trade, this month I'm already trying to flip tokens for BGB, in their on chain event, and that's just one example.

[asriloni]

Calling crypto as epitome of uncertainty is not right when it's related to the blue chip token, but many were using crypto to get their financial freedome because this is the only way.

Can you even to turn your 100 bucks to the 1 million in stock or something else? I personally can't. However, this can be done in crypto, and that's the reason people used it as a game changer to changing their life.

No pain, no gain. Dealing with an investment that offers you huge profit, and never get surprised if it also involve very big risk.

As for TA and FA, yeah that's really helpful, but not all of people aware about that. So blaming people just because they being careless to the FA and TA was wrong.

[TastyChillySauce00]

Crypto has reached the point where it's not as volatile as before, it's not an epitome of uncertainty no more, back then you're not so sure if crypto can hold on and continue growing in market capital, but right now it's as clear as crystal that BTC will be here for long.

Very few things can be counted on, and to be fair it's part of the thrill of it, before I started to master FA and TA, I was practically gambling. The good thing is, I stuck with it and things are a lot more stable now. I still invest in projects when I can, but I mostly trade and flip crypto whatever the trend is.

Even if you do the same thing to stock or forex market without proper FA and TA knowledge you'd be gambling as well, it's all the same speculative market dude.

[Iamcrypticguy]

Crypto has reached the point where it's not as volatile as before, it's not an epitome of uncertainty no more, back then you're not so sure if crypto can hold on and continue growing in market capital, but right now it's as clear as crystal that BTC will be here for long.

Very few things can be counted on, and to be fair it's part of the thrill of it, before I started to master FA and TA, I was practically gambling. The good thing is, I stuck with it and things are a lot more stable now. I still invest in projects when I can, but I mostly trade and flip crypto whatever the trend is.

Even if you do the same thing to stock or forex market without proper FA and TA knowledge you'd be gambling as well, it's all the same speculative market dude.

If you're reading without TA, then you're gambling practically no two ways about it!. Even in terms of trading memecoin like OP stated, they're onchain analysis to do, FA routine checks too.. no of holders, market sentiment, social media sentiments those kinda stuff!. Now there Ai tools assisting if you know what you're doing. Just like this meme useless, I had GetAgent do a run for me and made my decision and here's this result.

[Mahanton]

It's a bit ironic, considering how many people depend on crypto for financial freedom, but the reality is, crypto is the epitome of uncertainty.

Very few things can be counted on, and to be fair it's part of the thrill of it, before I started to master FA and TA, I was practically gambling. The good thing is, I stuck with it and things are a lot more stable now. I still invest in projects when I can, but I mostly trade and flip crypto whatever the trend is.

Heck, I can even do trading competitions or dedicated events Personally, I think if you're in crypto you should learn to trade, this month I'm already trying to flip tokens for BGB, in their on chain event, and that's just one example.

So another BGB related post telling this and telling that. 

Going back into the topic on about that making trading to be some sort of income then you would be that rushing yourself on becoming that desperate on every actions that you would gonna take. How reliable crypto is? This isnt some sort of magic internet money on which you can make yourself having some guarantee that you can make it through. There's no way that you can be able to determine yourself whether you would be succeeding out into this space or not. There are those moments or times that you do become that desperate and cant think off well specially if you havent been able to meet up your expectations. There are just that those things on which we do think up that it could work because we have seen others do succeed out.

Joining up trading competitions wont come easy even if you do have familiarized yourself on using up TA and FA but of course nothing beats out if you do have that knowledge compared into those people who had made out some trading without having those analysis or those kind of approach. You are the ones will be that trying out to find out on how you would be handling yourself on certain market conditions.
The best thing here is that you wont be that relying about into making income with it because market is unpredictable and there's no way on tell on what would happen on the next minute.

[gunhell16]

It's a bit ironic, considering how many people depend on crypto for financial freedom, but the reality is, crypto is the epitome of uncertainty.

Very few things can be counted on, and to be fair it's part of the thrill of it, before I started to master FA and TA, I was practically gambling. The good thing is, I stuck with it and things are a lot more stable now. I still invest in projects when I can, but I mostly trade and flip crypto whatever the trend is.

Heck, I can even do trading competitions or dedicated events Personally, I think if you're in crypto you should learn to trade, this month I'm already trying to flip tokens for BGB, in their on chain event, and that's just one example.

Some say there are many opportunities here in the crypto space but there is still a lot of uncertainty, because most of these are still volatile which can be considered in the end.
Now, if you are not sure about yourself in getting involved in crypto trading, it is better not to try it because if you just go with the crowd, for sure you will only burn your assets fund here.

Especially if you are not that skilled in doing FA and TA, it is better not to compete with expert traders in this field of the crypto market.
Because it is really not easy to do.

[Mrbluntzy]

It's a bit ironic, considering how many people depend on crypto for financial freedom, but the reality is, crypto is the epitome of uncertainty.

Heck, I can even do trading competitions or dedicated events Personally, I think if you're in crypto you should learn to trade, this month I'm already trying to flip tokens for BGB, in their on chain event, and that's just one example.

In my opinion, the characteristics of crypto is incomplete without attaching profit making to it. Crypto are volatile asset (except the stable coins) and that's what makes it have the ability to generate profits or lose for investors. If it was just a very stable coins like the normal fiat or those other stable cryptos, that mean it will on be used as a medium of exchange but it can be use to generate profits for investor and still use for medium of exchange.

Trading that you are referring to is very risky and it's not everyone that has the mind to involve in trading, it should be done based on strong determination and not just based on the thoughts of making profits from it.

[Marvell1]

Crypto has reached the point where it's not as volatile as before, it's not an epitome of uncertainty no more, back then you're not so sure if crypto can hold on and continue growing in market capital, but right now it's as clear as crystal that BTC will be here for long.

I think this is true for bitcoin in particular, but not for the crypto industry in general, altcoins are still full of uncertainty and scams. Investing in altcoins these days is still nothing more than gambling, relying more on luck than knowledge and experience, as even top projects can disappear or die suddenly.
If we compare crypto with stocks, forex. It would not be wrong to say that cryptocurrency is a market that is still uncertain.

Even if you do the same thing to stock or forex market without proper FA and TA knowledge you'd be gambling as well, it's all the same speculative market dude.

You are right, at the end of the day it is all just a speculative market, nothing is certain or guaranteed.

[DPHOR]

When you are referring to cryptocurrency I am assuming you are referring to altcoin because as I know Bitcoin is more reliable than any other coin out there. Therefore, when referring to cryptocurrency you shouldn't include Bitcoin over it as Bitcoin is the parent coin and all other coin lays behind it and waits for Bitcoin to soar for them Make changes.

From your titles and the body of the message aren't saying the same thing, maybe you should think of a better title to correlates with what the body of the message is saying.

[Balmain]

Heck, I can even do trading competitions or dedicated events Personally, I think if you're in crypto you should learn to trade, this month I'm already trying to flip tokens for BGB, in their on chain event, and that's just one example. The crypto market is a real rollercoaster, both crazy exciting and sometimes stressful. Even if you time it right and make good trades, there can be such rapid ups and downs or unexpected effects that the uncertainty increases even more after that.

[Taskford]

It's a bit ironic, considering how many people depend on crypto for financial freedom, but the reality is, crypto is the epitome of uncertainty.

Very few things can be counted on, and to be fair it's part of the thrill of it, before I started to master FA and TA, I was practically gambling. The good thing is, I stuck with it and things are a lot more stable now. I still invest in projects when I can, but I mostly trade and flip crypto whatever the trend is.

Heck, I can even do trading competitions or dedicated events Personally, I think if you're in crypto you should learn to trade, this month I'm already trying to flip tokens for BGB, in their on chain event, and that's just one example.

If they get sustainable income for longest time then achieve financial freedom on crypto then why not? For sure people spend lots of time and effort before they achieve unto sustainable level.

Although its hard to reach that status because we know crypto is so risky but provably that there's something to get from here even if we say that everything here is uncertain.

Don't rely only on trading since for sure that you will get a problem especially that there's no sure that we can always get profit on trading. We need to find multiple source of income so that we can be fine no matter what happen and we always have an option that can cover our needs especially if we know many ways on how to earn money in crypto.

[Hispo]

It's a bit ironic, considering how many people depend on crypto for financial freedom, but the reality is, crypto is the epitome of uncertainty.

Very few things can be counted on, and to be fair it's part of the thrill of it, before I started to master FA and TA, I was practically gambling. The good thing is, I stuck with it and things are a lot more stable now. I still invest in projects when I can, but I mostly trade and flip crypto whatever the trend is.

Heck, I can even do trading competitions or dedicated events Personally, I think if you're in crypto you should learn to trade, this month I'm already trying to flip tokens for BGB, in their on chain event, and that's just one example.

It is fair to assume an important percentage of people who are into Bitcoin and Alternative currencies are traders, but there are also people who are within this ecosystem because they seeking services which are otherwise unavailable for them, Stablecoins are a good example, I have seen people who literally use exchanges as if they were their bank accounts to save their value from inflation of their local currency. That does not have anything to do with trading, but still it provides liquidity to the ecosystem of CEX and it makes all this concept of cryptocurrencies to grow and mature in the eyes of investors.
There are also people who just stake SATs in the long term for them to be able to buy something significant in the future, that is something we can't call trading.

Anyways, I will always advice people doing what you do to be careful and only mess with new alts and projects if they can afford to lose some money located on those. If one wants to gamble there are already hundreds of casinos out there on the internet, we are here to invest.

[mich]

Well Bitcoin has been around now for more then 15 years. And the first altcoin Namecoin was released in 2011. So I do think we can say crypto is very reliable.

It just does matter which ctypto you invest your fiat in. SOme is more reliable then the others. But I do think crypto will be here forever.

[DeathAngel]

Active short term trading can be extremely profitable but I much prefer the longer term play. I’ve done well buying & holding coins long term, especially Bitcoin, Ethereum & Solana. Obviously getting in early was helpful. I don’t think I’d be very good as a day trader. Stacking long term has been my biggest success.

[Cheffe]

That's a really interesting point about the irony of crypto being both about financial freedom and so uncertain. I think a lot of us who got into this space felt that 'gambling' phase at the start!

You're right, short-term, crypto can feel incredibly volatile and unreliable, especially if you're chasing trends or specific events. It's the wild west sometimes. But I wonder if 'reliability' means different things to different people here. For some, it's about the uptime of the blockchain itself, the immutability of transactions, or the long-term vision. For others, it's purely about price stability.

I'd argue that the underlying blockchain technology, its transparency, and decentralization, are incredibly reliable in a fundamental sense – they do what they're designed to do without central interference. The price of assets on top of that technology, however, is a whole different story, driven by market sentiment and speculation.

So, for you, when you ask 'how reliable is crypto?', are you thinking more about the tech itself, or the asset prices?

[MusaPk]

Active short term trading can be extremely profitable but I much prefer the longer term play. I’ve done well buying & holding coins long term, especially Bitcoin, Ethereum & Solana. Obviously getting in early was helpful. I don’t think I’d be very good as a day trader. Stacking long term has been my biggest success.

If we talk about Bitcoin then you need to hold it for long term to get good results. But that's not the case with alts specially the newly launched, they are good for short term only. You need to be vigilant about the decision on when to enter and when to exit the alt because you may stuck for indefinite period if you miss the right exit point.

Alts prices are traditionally linked with Bitcoin but for last one year we are seeing that despite Bitcoin price going up their is not much increase in price of alts.