Important points when trading cryptocurrencies

Recently, cryptocurrency trading has significantly changed its nature and has moved from specialized exchanges to the Forex market.

If previously everything came down to buying and holding Bitcoin until the maximum price value, now currency exchanges have equated crypto to ordinary monetary units.

Trading liquid cryptocurrencies on an exchange has many advantages, but is fundamentally different from the initial transactions with digital money.

And so, let's move on to the most important points of cryptocurrency trading:

1. Speculative trading - first of all, it should be noted that if you bought crypto in a trader's trading terminal, this money cannot be withdrawn to your wallet.

On the one hand, this is a minus, but on the other hand, it is a huge plus since you can make a transaction in a fraction of seconds.

Advantages and disadvantages of cryptocurrencies

The huge excitement about Bitcoin and other digital money is gradually beginning to subside; most investors lost a lot of money due to its fall.

Now it no longer seems to anyone that the value of these assets can only grow and bring profit to the people who own it.

But despite this, this asset remains an attractive object for speculation, since trading liquid cryptocurrencies still allows you to make good money.

It is cryptocurrency trading on a currency exchange, and not on a specialized platform, that can now bring good profits.

Before you start stock trading in one of the cryptocurrencies, you should know what advantages and disadvantages the chosen instrument has.

Why is Bitcoin falling?

Everyone perfectly remembered the dizzying rise of Bitcoin; literally within a year the rate soared to 19 thousand dollars per unit.

But this situation did not last long; within a week the asset fell in price by several thousand and then continued its decline.

Why is Bitcoin falling, what happened to this electronic currency?

  1. What is cryptocurrency?
  2. Reasons for the unprecedented growth.
  3. Reasons for the fall.
  4. What will happen next.

After the rush of demand for trading popular cryptocurrencies appeared, none of the buyers really thought about what they were buying.

But in fact, Bitcoin is nothing more than a digital record in the memory of a computer that cannot cost tens of thousands of dollars.

Ripple trading strategy.

The cryptocurrency market is gradually moving from spontaneously organized exchanges towards interbank platforms, otherwise known as forex.

This means not only an increase in trading volumes, but also the use of the latest achievements in the field of trading, as well as the presence of leverage.

The Ripple cryptocurrency itself is very popular, and this gives hope that the spread on the XRPUSD currency pair will not be high.

Until recently, the main strategy of investors in this type of asset was to buy and wait for growth with subsequent sale; now the situation and opportunities have changed a little.

We trade Ripple in the trader's terminal.

The most promising cryptocurrencies in 2019. Market stabilization.

Most investors, when choosing investments in cryptocurrencies, for some reason only consider Bitcoin.

Yes, the liquidity of Bitcoin is not comparable to other similar assets, but this is perhaps its only advantage.

At the moment, there are more than a dozen worthy analogues that also have high volatility, and most importantly, there is an opportunity to buy or sell them quite quickly.

Moreover, these digital currencies have one main advantage over Bitcoin - they are much cheaper, which means they have huge growth prospects.

Trading cryptocurrencies in 2019 can be successful for the following assets:

What will happen to Bitcoin in 2019.

Bitcoin’s victorious ascent ended a year ago; at the end of 2017, the cryptocurrency reached its peak of $19,000 and fell to the bottom.

The resumption of growth was not helped by bold forecasts that the real price of Bitcoin was $100 thousand; within a year, Bitcoin fell to $3,000.

Currently, the price has stabilized at around $4,000 per unit of cryptocurrency and has remained virtually unchanged for two months.

The situation is quite ambiguous for those who are used to making money on the growth of this asset; a flat always ends in growth or decline.

Therefore, most investors are concerned about the question of what will happen next with Bitcoin in 2019, is it worth investing in this currency or is it better to choose another object for investment?

The collapse of the digital money market 2018-2019!

The value of Bitcoin has fallen significantly over the past six months; the Bitcoin rate in December 2017 exceeded the psychological mark of $20,000; today the price of the coin has dropped below $7,000.

Following Bitcoin, other promising tokens continue to fall rapidly.

For example, Ripple (XRP), according to analysts’ forecasts, should have cost about $10 by September 2018, but today its market value barely exceeds $0.3.
 
There are several reasonable explanations for these events:

1. The governments of the largest countries in the world plan to completely take control of this segment of the foreign exchange market in 2019, this will allow them to levy taxes on user income.

For example, in Russia, tax revenues account for more than 65% of the state budget. Can you imagine what would happen if this cash flow dried up?

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