Been trading cryptocurrency for a while. Just like to weigh in on some matters regarding crypto trading:
1. More often than not, most cryptocurrencies do not have any intrinsic use case. Value assigned to tokens is just based on demand/supply, with no underlying worth to the currency.
2. Playing the cryptocurrency market is this akin to gambling. With no real value to most currencies, the ability to make money in the cryptocurrency sphere depends on being able to bring in more demand for the currency/reduction of supply.
3. As such, most of crypto trading requires the throwing of rationality out of the window. Understanding the market becomes an emotions game, and being able to trade properly requires one to be able to read the actions/emotions of others.
4. DD is a game of doxxing the founders, and trawling blockchains to find suspicious trades.
5. I would say that it is possible to make money from the crypto market, but I wouldn't commit a fortune to it. Most money made there do not last, and any money made there should be counted a blessing. With that said I would still hold a portfolio of cryptocurrencies, but nothing that would result in starvation shld the market collapse.
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