Dear Friends,

The global crypto market cap is $2.2T, a 2.71% increase in the last 24 hours. 

BTC and ETH trades at $59777 and $3184 respectively in positive territory.

The fear greed index is at 45 which moved from fear to neutral.

Having covered widely on technicals, let's talk about this Sunday on the myths and facts on the crypto world through this article. 

We all know that there are various myths and misconceptions that are being around the crypto industry. 

Being attracted to this, various persons are entering into this industry with heavy expectations. 

Let's explore the 3 major myths and to keep in mind while investing in cryptos:

1. Make money in crypto is easy

Many would get attracted in the crypto industry anticipating that making money in crypto is easy. They might have heard from their friends who have made lot of money in quicker intervals. But the truth is making money in crypto is not easy. It needs patience, adjustment in investments and the selection of good projects. Crypto movements is based on the needs and supply. When the needs are more, the movement is up and needs are less, there will be a downside movement. 

There are bull and bear cycles. Those who enter in the bull cycle, may achieved good amount of money. Keep this in mind, please don't expect getting rich quickly will not be a choice for ever. 

Mastering in technical and fundamentals are important in the crypto charts as well. We need to understand crypto is very volatile investment instrument. 

2. Guaranteed Crypto Returns:

The second most important myth is there is a guaranteed crypto returns. But we all need to understand that there is no such guarantee in  crypto investments. Even there is no guarantee for the money that we have invested in crypto. We have also witnessed many crypto projects were closed. Various quack projects are there in the cryptos.  Beware of the projects, read the white papers, technical parameters and performance also while investing.

3. Get rich quickly

Some may have witnessed in the crypto industry that few were got rich quickly. Yes, this depends on when they invested, in which crypto coins, and its performances and the crypto cycles. But crypto does not support every one to get rich quickly. 

We have witnessed that some coins violently moved in multiple x's in upside and even some good coins remain calm for much more time too. 

And also the meme coin movements are difficult to understand in its either movements. We need to investment in different crypto projects. If one fails, ultimately some other will give some returns.

We have also witnessed the bull and bear cycles. So, patience is very much important and the movements are very heavy in crypto coins. We need to keep in mind that. 

We need to control our emotions, greed while trading in crypto to maximize our returns and minimize our losses as well.  Setting realistic targets, making appropriate stop losses, Dollar Cost Averages are very important. 

Other than this, we need to take into account of the crypto taxations, policies in the respective countries too. 

Violent Crypto movement are also based on geo political situations, other market news etc.,

So keep this always in our mind and do our trading and investments in crypto that adjust to the market conditions and technicals. 

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