What is crypto money? A perspective from myself

Recently, I have spent many nights researching this thing called "cryptocurrency." Honestly, there were times I felt it was more like a gamble than an investment!

Cryptocurrency or digital currency is a form of digital money based on cryptography technology. Unlike traditional money, they are not controlled by any central bank - this is both a strength and a deadly weakness of it.

When looking at its essence, crypto operates on Blockchain - a distributed ledger that anyone can view but no one can change. I must admit, this idea is amazing! No need to trust the government or banks, every transaction is transparent and cannot be censored.

But what is the reality? The crypto market is highly volatile! Today it’s soaring, tomorrow it’s plummeting. I have a friend who lost his entire life savings because he believed in empty promises about some coin that would "go to the moon." Exchanges are constantly being hacked, resulting in the loss of investors' money.

I do not deny the potential of crypto - fast transactions, low fees, no need for a third party. But don't get caught up in the FOMO craze (fear of missing out). Many projects are just bubbles, with no real value.

If you want to participate, study carefully before investing money. Don't invest money that you cannot afford to lose. This market is still young and full of traps.

I still monitor the market daily. Sometimes I believe this is the future of finance, and other times I think it's just a modern gamble. Anyway, stay alert when approaching crypto - that's my sincere advice.