Alarming News⚠️
🔴Common Misconceptions and Key Takeaways
A recent inquiry highlighted a common misunderstanding among investors: the expectation of stablecoins, such as USDT, to appreciate in value like Bitcoin. It is essential to comprehend the fundamental differences between stablecoins, altcoins, and Bitcoin.
🟢Stablecoins: Characteristics and Expectations
Stablecoins, like USDT, are designed to maintain a stable price, unaffected by market fluctuations. Investors should not expect significant growth in value, except for minimal rewards through specific programs.
🔵Volatility and Risk: Altcoins, Bitcoin, and Tokens
Altcoins, Bitcoin, and tokens, including meme coins and NFTs, are highly volatile, carrying significant risks of losses or gains.
🟣Transaction Fees and Commissions: Understanding the Process
Transaction fees (0.1% to 10%) and buyer commissions apply when converting cryptocurrencies to fiat, resulting in a reduced balance. These fees vary depending on the platform and currency, and are a standard practice in cryptocurrency exchanges.
⚫Informed Investment Decisions
Investors must understand the characteristics, risks, and fees associated with each cryptocurrency to make informed decisions and set realistic expectations.
🟤Educational Resources
Investors are encouraged to seek educational resources to deepen their understanding of the cryptocurrency market and its intricacies.
