Cryptocurrency investing study & analysis

How one can start investing in cryptos to diversify their investments

How to analyze the crypto, study about it before investing, points to keep in mind from choosing brokers to coin investing?

i try to stay away from crypto and I recommend others to do the same as well. even if I ever thought of entering the crypto world, I would never spend my valuable time doing technical analysis or even fundamentals or other analysis before putting my money because it’s actually stupid to do so. i would just put my money, go to sleep, and check the price after a few months - a hit or miss.

the reason for this is that there are no clear features or factors that can reliably predict the price movement of cryptos. for example, if we were to predict the weather in mumbai tomorrow, we could analyze factors like the current climate, weather app forecasts, the time of the year, and the specific location in mumbai etc. these features would have varying weights in determining the final outcome of whether it will rain and how much.

similarly in the stock market, to make somewhat informed predictions about the stock price, say for reliance, we can analyze factors like the price of adrs, oil index, company fundamentals, competitor prices, sector trends, technical indicators, bonus/dividends etc. etc. there are also circuit levels to control the price, there are regulations on how it should move and so on. while not perfect, these technical and fundamental analyses do provide some insights. for example - i strongly believe ZEEL is going to be double and ADANIENT will reach the ath for sure - based on my personal non-sebi registered analysis.

however for cryptos there are practically no such features that can be used to reliably predict the price movements. they say the price of cryptos seems to be largely driven by speculative factors (which i think even this is not true), such as elon’s tweets, rather than any underlying fundamentals. furthermore the crypto market is unregulated, which means that incidents like the “dubai glitch” at wazirx can result in investors losing their money, and there’s little they can do about it. read about legal issues with coindx, octafx or vault etc.

given these I believe it’s pointless to spend time and effort on analyzing cryptocurrencies. now theres 30% tax and we even need to pay to hold. but still if you decide to enter, like you have a lot of money to throw away, just pick the top one and invest only when the prices are relatively low and then hold them for the long term. this “hit or miss” strategy might be as effective as any technical or fundamental analysis in the crypto market.

i know many might disagree, but i believe this is the hardh reality of cryptocurrencies. its 1000% risky to warrant the time and effort required for in-depth analysis - like a pure slot machine. it was just created by the usa in association with japan to get rid of their mounting debt. you know something like if the world starts accepting crypto every where, as we control the prices/servers, we wipe out our debt in single flash.

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I agree with @TitanTrader in that you don’t want to be holding or investing cryptos due to security issues, but you can trade them without holding them if you want. Usually that’s done using CFDs with a regulated international broker like IG.

You have to be really good at price action though! :warning:

It seems hilarious to just point out whole invention and purpose of bitcoin for us debt recovery agenda. Today bitcoin is emerging as a decentralised currency, If usa has any intentions associated as per your theory, usa should have been significantly paid off there debt till now as Bitcoin has grown in a decade. Instead, they are planning now to increase btc reserves so that maybe they can pay significant portion of debt in upcoming 20-30 years. Apart from that, btc is highly volatile, so if usa plans to bet on crpyto, is not an easy option, they must have to consider the risk too. Talking about usa being sole controller of prices, well who knows the future.