of the “Bitcoin exchanges” undergoing massive infrastructure stresses as the demand soared.
The most important point to realize about “crypto” is that although it actually serves a purpose (cross-border transactions through the Internet), it does not provide any other financial benefit. In other words, its “intrinsic value” is staunchly limited to the ability to transact with other people; NOT in the storing / disseminating of value (which is what most people see it as).
The most important thing you need to realize is that “Bitcoin” and the like are payment networks – NOT “currencies”. This will be covered more deeply in a second; the most important thing to realize is that “getting rich” with BTC is not a case of gi
ble to buy the “coins” for a low price and sell them higher.
To this end, when looking at “crypto”, you need to first understand how it actually works, and where its “value” really lies…
This is important because it highlights the real reason why people have really began looking into the “Bitcoin” proposition more deeply; it gives you the ability to send/receive money from anyone around the world, so long as they have your Bitcoin wallet address.
The reason why this attributes a “price” to the various “coins” is because of