Have you ever wondered how the crypto market differs from the familiar Forex market?
Here are a few facts that put everything into perspective:
๐ 24/7 market
Forget about weekends. Crypto is traded around the clock. A wave can come at 3 a.m. โ and you'd better be ready to react.
๐ง Volatility is off the charts
The BTC rate can jump 5โ10% in an hour. Altcoins? They're a roller coaster ride.
๐ง News = instant effect
Did Elon tweet something? The coin took off. Did the regulator say something bad? Dump. There is no delay โ the market reacts instantly.
๐คWho controls the market?
On Forex, large banks and central banks.
In crypto โ whales, funds, memes, and the crowd. Sometimes there are opportunities in this chaos.
๐ฌ Where do you feel more confident โ in crypto or currency pairs? And why?
Let's discuss it in the comments ๐