The crypto is that black swan that keeps everyone on its toes. You never are sure whether it is going to fly, smash, or drop something completely out of the blue on you. But that’s the thrill. And, it could be Bitcoin, Ethereum, or a new coin that you have never heard of, the crypto world is not that dull. And, frankly speaking, it is difficult not to be carried away by the excitement real money crypto casinos.
Cryptocurrency is basically digital money. However, in the very depths of it, you will notice that plenty more is going in. Take Bitcoin, for instance. It was created under the conditions of the 2008 financial crisis to be one of the means to disrupt the existing banking systems and to provide something that would not be connected to the governmental regulation. The idea? One currency under the control of no central banks.
However, Bitcoin is not the only crypto world. We have DeFi, NFTs, and even smart contracts, all of which are challenging the limits of our perception of money, ownership and even legal contracts. It is as though one is watching someone unwind their stunt, and you are yet to discover how he or she did that. The best part? It is what it is, there is no smoke, no mirrors.
Naturally, crypto does not lack its issues. The volatility of the market is mythical. It is possible to see coins reach all-time highs, and spiral out of control in a matter of seconds. And security nightmares should not be forgotten. Citizens have lost their digital wallet, have been hacked or deceived in pyramid schemes. Therefore, it is not all fun and games.
However, the punchline is that, perhaps, that is what makes it so good. There are individuals who jump in the hurly, burly hoping to hit the jackpot. Others are spectators not knowing whether the ride is worth it. However, there is no use denying the fact that crypto has already provided the financial world with a different face. It is breaking the rules and making us reconsider what is possible.
It is no longer just about selling and buying. It is a matter of imagining a new money. Could crypto supplant conventional currencies in the near future? Probably not. Nevertheless, it is not fading away.
The point is as follows: when considering going into crypto, you should not be caught up in the scramble of finding the next big coin. It is not about the right moment, or making money fast. It is being familiar with technology, doing your homework and realizing that there is risk involved in the game. Sure there are those that are going to hit gold but there are many who will come across some hard hits. It’s all part of the ride.