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Telegram @adamconrell01 This is a SCAMMER. When you transfer him ETH he changes the address.   |
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Advantages and Disadvantages of the Cryptocurrency Volatility
The volatility of the cryptocurrency is nothing but an amplitude that represents the difference between the minimum and the maximum exchange rate of the digital asset. There are many reasons, which cause the volatility: the current situation on the exchange, various external events, so-called human factor, and many other things.
Is the volatility good or bad? It’s simply impossible to give an unambiguous answer because the volatility is too complex and unpredictable thing. Furthermore, the players in the crypto market have 100% opposite opinions about the volatility. As a result, it is reasonable to analyze both the benefits and flaws of the volatility.
Key advantages of the volatility
In fact, all the benefits of the cryptocurrency volatility are obvious for the traders. Here is the deal: if the volatility of a regular asset is less than 5%, while the volatility of the cryptocurrency is higher than 10%, one can use the tangible benefit.
On one hand, one can spend $100 to buy EUR at the lowest rate, the trader won’t be able to earn even $5 when the rate starts to increase. On the other hand, one can spend the same amount of $100 to buy the cryptocurrency and earn at least $10 of profits. This is a very primitive representation, but even a single deal in the world of cryptocurrencies can increase the deposit of the exchange user two- or threefold. This is a key difference in comparison with the Forex or stock market.
It’s worth noting that namely the parameters of the volatility played the key role in the existence and development of the crypto market. Everything is incredibly simple: a huge number of modern and very successful traders came from the world of traditional asset exchanges. Furthermore, a huge trading volume and the overall quality of the trading process, as well as high liquidity and the popularity of the cryptocurrency are the results of the high volatility.
At the same time, there were many people who considered the volatility unpleasant and even bad. It’s no accident because the volatility makes more harm than good in the regular economy.
Main disadvantages of the volatility
The increased level of volatility is the first sign of the high level of risks for the investor choosing the asset. Rapid changes of the rate make traders think that it may fall to the minimum value some day or other. Furthermore, it can reach the state of the demise. Such behavior of the cryptocurrency may antagonize institutional investors from the crypto world.
Rapid changes of the rate create numerous situations when the cryptocurrency equivalent of $100 paid by the trader transform into $75 on the next day. No doubt, there are several people and companies ready to work with the cryptocurrency as the method of payment; however, the majority of organizations and entrepreneurs are not ready to bear such risks.
It’s worth noting that the volatility is pretty hard to forecast or predict. It’s especially true these days, when the legal status of the cryptocurrency is not clear in many countries, while they actively continue to become an integral part of the modern economy. The key problem is almost no one is ready to predict the real behavior of the cryptocurrency in the conditions of the traditional economy.
What is going to happen in the future?
There are many controversial opinions and thoughts about the future of the cryptocurrency and its volatility. Some people think that the crypto world won’t lose this battle, thus not allowing the traditional economy to win the game. Others are sure that countries will create their local cryptocurrencies in order to control them, while the most popular cryptocurrencies will still remain out of centralized control.
Talking about the volatility, we need to understand that it came to stay, thus there’s no chance to see the stable market in the nearest future. Pulling it all together, until the moment when the cryptocurrency will gain full trust, we will see rapid rate changes, which bring as positive as negative events and related consequences.
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IEO benefits for investors: - Minimization of effort;
- Security;
- Entrance barrier;
- Investment return rate.
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In the first quarter of 2019, the ICO market has dropped by 97% based on the amount of attracted capital. The slump followed the 2017–2018 cryptocurrency boom, with low investment returns among ICOs through most of 2018.
You can also compare the number of ICOs published in the past 12 months:
273 (Jul, 2018) / 321 / 260 / 211 / 320 / 161 / 157 (Jan, 2019) / 58 / 70 / 63 / 88 / 59 (Jun, 2019)
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Another important difference: Bitcoin can be mined, and Libra can not.
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In addition to that article:
3.1. Distributed exchanges (DEX) are hackable too.
3.2. Even in a cold wallet, your assets can be a hot target for attacks.
6. Be careful when trading new forks or shitcoins.
7. At first, do not try margin trading.
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Expert is just an experienced specialist. It is not necessary to have a scientific degree or worldwide recognition to be considered an expert in cryptocurrencies/blockchains.
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The risks you need to know when day trading cryptocurrencies: - Capital loss
- Addiction
- Significant stress
- False market information
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I am thinking that with FOREX you need a big account balance (of about $10,000) to scrape together profits, but at Binance you can get started with $100 or less. Is $10,000 realistic?
What is the difference between trading fees if you compare FOREX with Binance?
FOREX gives users a chance to play a demo account that starts with a balance of $50,000. How is it different once you trade FOREX with real money?
Most Forex brokers allow you to start trading with $100 too. And they are always ready to give you leverage and margin. Almost all demo accounts are very different from real trading. Of course, brokers often show profitable results only in demo trading. But this is just a clever way to attract you into trading for real money. |
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If one can buy lunch with this old billionaire, the next step may be fundraising from crypto community to buy his positive feedback about Bitcoin.  |
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One may find it difficult to handle cryptocurrencies sometimes. But we solved this bothering issue. Now it is way easier to trade, store, and accept crypto as payment! Our mission is to integrate all popular crypto services in one product. Extremely handy, this solution includes the following components: - A simplified exchanger for fast purchase and sale of bitcoins or altcoins.
- A crypto exchange with a full-power professional interface.
- A crypto portfolio for monitoring the dynamics of the owned assets.
- A merchant to receive payments in cryptocurrency.
We started beta testing in March 2019 and have already added 9 coins and tokens: BTC, ETH, XRP, BCH, EOS, LTC, USDT, DASH, REP. We keep evolving, incorporating valuable cryptocurrencies and trade pairs. |
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I suggest you to invest in EOS, LTC, DASH, MIOTA, BTT, REP.
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Low liquidity will ruin your dreams. What if you can't sell shitcoins later?
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Some companies have already started using blockchain for retail.
Supply Chain/Inventory Oversight:
Fr8 Network – Working with retailers for more accurate shipping data on the blockchain
Transparency One – Blockchain based supply chain solutions
Customer Identity:
Shopin – Shopper profile built on the blockchain.
IOTA – Blockchain solutions for IoT, Identity, and Ownership.
Preventing Fraud and Counterfeit Goods:
BlockVerify – Reducing counterfeit goods through blockchain provenance.
TrustChain (IBM) - a blockchain that proves the provenance of jewellery by following every step in the supply chain from mine to store.
Product Contracts:
VeChain – Full cycle blockchain solutions for supply chain efficiency.
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