Crypto Marketplace - Full of Pirates and Hackers. What it is ?

Hello there all the People in the world. I hope everyone is good and safe with positive affirmations.

Today, i have taken to something different but important topic for all the people who had got some cryptocurrency or are learning about that, while waiting to got some penny of crypto. Topic is :-

Before stating crypto marketplace , let us familiarize with the term marketplace and why it is important for us :-

Marketplace as we all knew, is the place where we can buy different items or sell our items to make money, both terms to make living and full filling our needs according to that time.

Like for example, we go to market after each certain couple of days or months and buy all grocery that is in our to-bought list for a day, month or a year sometimes.

As a shopkeeper, we sell our items to make money according to market value of that particular group of items at that particular day or month.

This market can be local as well as online, as we knew.

Many popular online shopping websites that we use in day to day basics include Amazon, Flipkart, Zomato, etc,

Now, you have probably seen that same product price goes up and down in different shops in local marketplace and also in online marketplace, price varies according to different sites, they both providing sales at some points of the year.

Same product, may be sold as already used product, but sometimes in good condition, which is usually sold in less or more price according to product condition or furnacing it to new one in both small and large marketplace. These are usually physical products.

Foods are freshly prepared and delivered on time.

This whole things leads to fight among Shopkeepers, and everyone who are selling and providing their services, want the customers to attract to their shops. Like see this, we all knew, current value of this NFT is 77.69 ETH in OpenSea.

The price of this same NFT when minted and placed at sale by creator, a year ago is 0.5 ETH, as seen below this NFT :-

This is due to market price increase of ETH in a year and popularity and rarity of this NFT also increased in a year.

This is how Crypto Market works.

Now, you can find this type of NFT everywhere by different names, not this NFT, because this NFT is already frizzed by it's creator.

Imagine creating a new invention, and promoting it to all around the world, is really hard for a new creator, also he can't promote to larger groups, due to starting financial problem.

Now the above owner of the NFT, had 10.0 K other NFT's in his OpenSea account :- Bored Ape Yacht Club NFT's OpenSea Link .

To popularize your one NFT, you have to create 1000s NFT's , but this could be solved when you create an extraordinary NFT and list it.

Between this Buying and Selling, also comes a term called Trading.

Above thing is of NFT's.

Now let's look at cryptocurrency which we get after selling one of NFT.

Bitcoin and ETH are two of the most popular Cryptocurrency, now in Crypto Market, which are also considered safe for future.

Many big crypto holding companies give us crypto, crypto rewards such as Binance, Coinbase, Uphold, etc...,

1- ETH

2- Bitcoin

3- Tether USD

4- Kucoin

5- Binance USD

6- Solana

7- XRP

8- Dogecoin

These are all popular crypto currencies trending on the internet.

This is Part - 1 of this post.

I will continue this in my new posts.

Thank you for reading.

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