The cryptocurrency market is small and young compared to other similar markets. The fact that the crypto market consists of very new and fairly complicated technologies has made it very volatile.
As governments and seasoned investors (which hold much of the wealth) become more familiar with BitcoinBitcoin1$ 77,295.840.18%-6.01%-15.89%details and other cryptocurrencies, they are starting to invest more into the space. However, the cryptocurrency market is still mostly made of money from inexperienced and opportunistic investors.
Despite its day to day volatility, the cryptocurrency market follows a clear 4-year cycle which is being driven by Bitcoin’s halving cycle. Every time a occurs, the total supply of new Bitcoin coming into the market from miners is cut in half. The term altcoin is used to describe any cryptocurrency that isn’t Bitcoin.
There are thousands of Altcoins
0:00 Intro
2:14 The Cryptocurrency Market
6:40 The Altcoin Market
10:05 Tokenomics
16:47 Technical Indicators
20:01 Exit Strategy Simulation
23:20 Final Thoughts