I think it's funny how some here claim crypto is high risk and forex isn't. I've never made easier money in my life than with cryptocurrency. But there are a few rules that you have to follow in order to be successful with it.
The most important one is trading the sentiment, which can be extreme since crypto is very volatile. You have to do the opposite of what the masses are doing. When everyone is greedy because the prices gone up much and they think it will last forever, sell to them. On the other hand when prices crash and most people think it's over for crypto you have to load up your pockets. This is how investing works and especially with crypto since it's so sentimental. As smart money you try to pray on the stupid money, steal money out of the noobs pockets.
High volatility is often the case with new technologies. The dotcom bubble was kind of the same. I think the reason is that it's hard to value a new technology so investors don't know what to make of it. It's not like with stocks that you can look at P/E and peg ratio's etc to determine if the stock is undervalued. How to calculate the intrinsic value of a cryptocurrency? I've been breaking my head over this question for a long time. It's almost impossible to give an accurate answer. But i do know that a market cap of just over 100 billion for all cryptocurrencies is not much. It could stretch to a few trillion dollars in the next few years before it become's expensive again. That's still not very much when you compare it to gold or fiat so it's not unrealistic. Especially considering we haven't even reached the high of the dotcom bubble, and crypto is global the dotcom bubble wasn't. Now with the internet things also spread faster. It's surely not over yet for cryptocurrency. When moooon. When lambooooooooo.