Should I start a blog about crypto in 2023? (No, four reasons why you shouldn’t)

With the recent surge in popularity of cryptocurrencies, starting a blog about crypto might seem like a no-brainer. However, after careful consideration, we believe that starting a blog about crypto in 2023 may not be the best idea. In this blog post, we will outline four reasons why you shouldn’t start a blog about crypto in 2023.

Reason 1: Overcrowded market

Crypto has been around for more than a decade now and has gained a lot of popularity in recent years. As a result, the market is now saturated with blogs, websites, and social media accounts dedicated to all things crypto. It can be difficult to stand out in this crowded market and attract a large following.

Reason 2: Lack of stability

Cryptocurrencies are still a relatively new and volatile market. Prices can fluctuate dramatically in a short period of time, making it difficult to predict the future of the market. This instability can make it challenging to write content that is relevant and up-to-date.

Reason 3: Difficulty in finding credible information

The crypto market is still largely unregulated, and there is a lot of misinformation floating around. This makes it challenging to find credible information and separate fact from fiction. As a blogger, you have a responsibility to provide accurate information to your followers, and this can be a difficult task in the crypto space.

Reason 4: Competition from established players

There are already many established players in the crypto space who have been around for a long time and have a large following. It can be difficult to compete with these established players and attract a significant audience.

In conclusion, starting a blog about crypto in 2023 may not be the best idea. The market is overcrowded, the lack of stability makes it difficult to write relevant content, there is a lack of credible information, and there is a lot of competition from established players. Before starting a blog, it’s important to consider these factors and weigh the potential challenges against the potential rewards.