The volatile world of crypto

Crypto universe is exciting and a great lane for some to make tons of money, quickly. I can relate this to options from 3-4 years ago where you could get rich quickly by making the right bet on a call or put option, or play it safe with some of the strategies. Cryptos are a bit more educated, but at the same time, confusing. There is not really much technical analysis. The currency can go up 40% on a tweet and go down 30% if there is no (good or bad) news in a conference. The coin just goes up or down the way it pleases. Even worse, everybody is an expert and if you catch it on the downward spiral, its because you don't know jack shit. If you catch it going up, you either timed it right or you know your shit about cryptos and everything that goes around it. For the sake of examples, I'll pick on IOTA. It is up 28% at the time of writing because it has teamed up with Cisco and Volkswagon. There is no guarantee this will continue its upward trend but it is pointing north at the moment. Everybody is making money right now, and those who don't cash out at the right time will potentially lose a lot of money when this bubble bursts, and it will burst one day. Until then, I wish you all get your lambos and teslas and share it with your loved ones!

Source: https://www.cryptocoinviz.com/