There has been an increasing group of “newbies” or noobs as referred to in the online world, who have little knowledge of cryptocurrency but have been able to make money using cryptocurrency. These people do not believe that cryptocurrency is the future of money, they simply use it to invest in, and make money.
“There has been a big shift in the type of investors we have seen in crypto over the past year,” said Angela Walch, a fellow at the UCL Centre for Blockchain Technologies. “It’s shifted from a small group of techies to average Joes. I overhear conversations about cryptocurrencies everywhere, in coffee shops and airports.”
this is similar to how, almost everyone started invested in the internet in its initial stages, right before the dotcom bubble burst and a large number of people lost their money and investments.
How and why exactly these noobs began trading and investing in cryptocurrency is not known yet as there is a large variety and practically none of them require any sort of identification. Also, there are many websites which make investing much easier. The proliferation of forums regarding the same has also played an important role.