6 Benefits of Investing in Cryptocurrencies

While there have been market corrections in the cryptocurrency market in 2018, everyone agrees that the best is yet to come. There have been many activities in the market that have changed the tide for the better. With the right analysis and the right dose of optimism, anyone who is invested in the crypto market can make millions. The Cryptocurrency market is here to stay for the long term. Here in this article, we give you five positive factors that can stimulate more innovation and market value in cryptocurrencies.

1. Innovation at scale

Bitcoin is the first cryptocurrency in the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it is not without problems. Its biggest bottleneck is that it can only handle six to seven transactions per second. In comparison, credit card transactions average a few thousand per second. Apparently, there is room to improve the scale of transactions. With the help of peer to peer transaction networks on top of blockchain technology, it is possible to increase the volume of transactions per second.

2. Legitimate ICOs

While there are cryptocurrencies with a stable value in the market, newer coins are created that are designed to serve a specific purpose. Coins like IOTA are intended to help the Internet Of Things market to exchange power currencies. Some currencies address the issue of cyber security by providing digital vaults to store money.

New ICOs come with innovative solutions that disrupt the existing market and bring new value in transactions. They are also gathering authority in the market with their easy-to-use exchanges and reliable backend operations. They innovate both on the technology side in terms of the use of specialized hardware for mining and the financial market, giving more freedom and options to investors in the exchange.

3. Clarity on the regulation

In the current scenario, most governments are studying the impact of cryptocurrencies on society and how their benefits can accrue to the community at large. We can expect that there can be reasonable conclusions according to the results of the studies.

Few governments have already taken the path of legalizing and regulating crypto markets like any other market. This prevents ignorant retail investors from losing money and protects them from harm. Abling regulations that increase the growth of cryptocurrency are expected to appear in 2018. This may pave the way for widespread adoption in the future.

4. Increased application

There is huge enthusiasm for the application of blockchain technology in almost every industry. Some startups are coming up with innovative solutions such as digital wallets, cryptocurrency debit cards, etc., this will increase the number of merchants who are willing to transact in cryptocurrency which in turn will increase the number of users.

The reputation of crypto assets as a means of transaction will be strengthened as more people trust this system. Although some startups may not survive, they contribute positively to the overall health of the market by creating competition and innovation.

5. Investment by financial institutions

Many international banks are watching the cryptocurrency scene. This can lead to the entry of institutional investors in the market. The influx of substantial institutional investments will fuel the next phase of cryptomarkets growth. It has captured the fancy of many banks and financial institutions.

As the surprises and bottlenecks around cryptocurrencies are reduced, there will be more adoption by traditional investors. This will bring much-needed dynamism and liquidity to any growing financial markets. Cryptocurrency will become the defacto currency for transactions all over the world.

Cryptocurrencies are the latest “big thing” in the digital world and are now recognized as part of the monetary system. In fact, enthusiasts have labeled it as “the money revolution.”

In plain terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, the majority of which have been created through special computing techniques called “mining”.

The acceptance of currencies, such as the US Dollar, the British Pound and the Euro, as legal tender is because they were issued by a central bank; digital currencies, however, like cryptocurrency, are not dependent on the trust and confidence of the public on the issuer. As such, many factors determine its value.

Factors that determine the value of Cryptocurrencies

Principles of Free Market Economics (mainly supply and demand)

Supply and demand is a major determinant of the value of anything of value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency, and others are willing to sell, the price of that particular cryptocurrency will increase, and vice versa.

Mass adoption

Mass adoption of any cryptocurrency can shoot its price to the moon. This is due to many cryptocurrencies that have their supply capped at a particular limit and, according to economic principles, an increase in demand without a corresponding increase in supply leads to an increase in the price of that particular commodity.

Multiple cryptocurrencies have invested more resources to ensure their mass adoption, with some focusing on the applicability of their cryptocurrency to personal life problems, as well as crucial cases of the day, with the intention of making indispensable in everyday life.

Fiat Inflation

If a fiat currency, such as the USD or GBP, becomes inflated, its price increases and its purchasing power decreases. This then causes cryptocurrencies (let’s use Bitcoin as an example) to increase relative to that fiat. The result is that you will be able to acquire more than that fiat with each bitcoin. In fact, this situation has been one of the main reasons for the increase in the price of Bitcoin.

Scams and Cyber ​​Attack History

Scams and hacks are also core factors that affect the value of cryptocurrencies, as they are known to cause wild swings in valuations. In some cases, the team that supports a cryptocurrency can be scammers; Pump up the price of cryptocurrency to attract unsuspecting individuals and when their hard-earned money is invested, the price is shortened by scammers, who then disappear without a trace.

It is therefore imperative to be aware of cryptocurrency scams before investing your money.

Some other factors to consider, which have an impact on the value of cryptocurrencies, include:

• Way in which cryptocurrency is stored, as well as its utility, security, ease of purchase and cross-border acceptability

• Strength of the community that supports the cryptocurrency (this includes funding, innovation and loyalty of its members)

• Low risks associated with cryptocurrency as perceived by investors and users

• Sense of the news

• Market liquidity and cryptocurrency volatility

• Country regulations (this includes the ban on cryptocurrency and ICOs in China and their acceptance as legal tender in Japan)

The price of bitcoin soared in 2017. Coinbase, one of the world’s largest cryptocurrency exchanges, was in the right place at the right time to capitalize on the spike in interest. Even so, Coinbase isn’t interested in taking its crypto earnings for granted. To stay ahead in a much larger cryptocurrency market, the company is back in its master plan. Until 2017, the company’s revenues were reported at $1 billion and more than $150 billion of assets were exchanged in 20 million customers.

Coinbase, a company based in San Francisco, is known as the leading cryptocurrency trading platform in the United States and with its continued success, it landed at the No. 10 spot on the CNBC Disruptor list in 2018 after having failed to make the list the previous two years. .

On its way to success, Coinbase left no stone unturned in poaching key executives from the New York Stock Exchange, Twitter, Facebook and LinkedIn. In the current year, the size of its full-time engineering team has nearly doubled.

Earn.com was bought by Coinbase this April for $100 million. This platform allows users to send and receive digital currency while responding to mass market emails and completing micro tasks. Currently, the company plans to bring in a former Andreessen Horowitz venture capitalist, Earns founder and CEO as its first chief technology officer.

According to the current valuation, Coinbase was valued at about $8 billion when it started buying Earn.Com. This value is much higher than the $1.6 billion valuation that was estimated at the last round of venture capital funding in the summer of 2017.

Coinbase refuses to comment on its valuation despite the fact that it has more than $225 million in funding from leading VCs including Union Square Ventures, Andreessen Horowitz and even the New York Stock Exchange.

To meet the needs of institutional investors, the New York Stock Exchange plans to start its own cryptocurrency exchange. Nasdaq, a rival of NYSE is also considering a similar move.

• The competition has arrived

As competing organizations look to take a bite out of Coinbase’s business, Coinbase is looking for other venture capital opportunities in an attempt to build a moat around the company.

Dan Dolev, an instant analyst at Nomura, said that Square, a company run by Twitter CEO Jack Dorsey could eat into Coinbase’s exchange business because it started exchanging cryptocurrency in its Square Cash app in January.

According to Dolev’s estimates, Coinbase’s average trading fees were about 1.8 percent in 2017. Such high fees could drive users to other cheaper exchanges.

Coinbase is looking to become a one-stop shop for institutional investors while covering its exchange business. To lure in that class of white-glove investors, the company is announcing a fleet of new products. This class of investors has been particularly cautious to dive into the volatile cryptocurrency market.

Coinbase Prime, The Coinbase Institutional Coverage Group, Coinbase Custody and Coinbase Markets are the products launched by the company.

Coinbase feels that there are billions of dollars in institutional money that can be invested in the digital currency. It already has custody of $9 billion in client assets.

Institutional investors are concerned about security despite knowing that Coinbase has never suffered a hack like some other global cryptocurrency exchanges. Coinbase’s president and COO said that the impetus for launching Coinbase custody last November was the lack of trusted custody to safeguard its crypto assets.

• Currently Wall Street Shifts from Bashing Bit to Cryptocurrency Backer

According to the latest data available from Autonomous Next Wall Street’s, interest in cryptocurrency appears to be growing. Currently, there are 287 crypto hedge funds, while in 2016, there were only 20 cryptocurrency hedge funds that existed. Goldman Sachs has also opened a cryptocurrency trading desk.

Coinbase also introduced Coinbase Ventures, which is an incubator fund for early-stage startups working in the cryptocurrency and blockchain space. Coinbase Ventures has already raised $15 billion for further investments. His first investment was announced in a startup called Compound that allows you to borrow or lend cryptocurrency while earning an interest rate.

At the beginning of 2018, the company launched Coinbase Commerce, which allows merchants to accept major cryptocurrencies for payment. Another bitcoin startup was BitPlay, which recently raised $40 million in venture money. Last year BitPlay processed more than $1 billion in bitcoin payments.

The proponents of blockchain technology believe that in the future, cryptocurrency will be able to eliminate the need for central banking authority. In the process, it will lower costs and create a decentralized financial solution.

• Regulatory Security Remains Intense

For keeping access limited to four cryptocurrencies, Coinbase has attracted a lot of criticism. But they should tread carefully as US regulators deliberate how to police certain uses of the technology.

For cryptocurrency exchanges like Coinbase, the matter of concern is whether or not cryptocurrencies are securities that will be subject to the jurisdiction of the Securities and Exchange Commission. Coinbase is admittedly slow to add new coins because the SEC announced in March that it would apply security laws to all cryptocurrency exchanges.

The Wall Street Journal reported that Coinbase met with SEC officials to register as a licensed brokerage and electronic trading venue. In such a scenario, it would become easier for Coinbase to support more coins and also to comply with security rules.

If you are looking for a good alternative to cash and credit cards, you can try cryptocurrency. Today, this coin is quite popular around the globe. A lot of companies now accept payments through cryptocurrency as a regular currency. Bitcoin is one of the most popular cryptocurrencies, which is why a large number of people have put money into Bitcoins. Powered by Blockchain, you can make transactions without any security risks. In this article, we will discuss some of the most prominent advantages of cryptocurrency.
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Easy Transactions

If you often deal with legal representatives and brokers, you know that they charge heavy transaction fees against each transaction. In addition to this, you have to pay a lot of documents, commissions and brokerage services.
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On the other hand, if you use cryptocurrency, you can eliminate all intermediaries. Use a secure network to make all your transactions. Every transaction is transparent and does not involve heavy transaction fees.

Asset Transfers

It is easy to transfer ownership of cryptocurrency from one person to another. Blockchain is behind all ecosystems. Therefore, you can do all your transactions in a safe and secure environment.
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The good thing about cryptocurrency is that it allows you to add third-party approval for future payments. If you have this currency, you can easily transfer assets without any problem.

Confidential Transactions

In the case of money or credit, there is a record of each transaction. And these records are also stored with the bank that you have your account. Every time you make a transaction, your bank keeps a record of it. Even if you are a business owner, your bank knows how much money you have in your bank account. This is not good from a privacy point of view.
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The beauty of cryptocurrencies is that every transaction is unique. Every deal involves terms of negotiation. There is a push concept that provides the basis for the exchange of information. Nothing will be disclosed to the recipient, except as permitted. Thus, you will have complete privacy and identity protection.
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Low transaction fee

If you check your bank statement, you will be amazed to see that the bank has charged you a transaction fee for every transaction you have made so far. If you perform many transactions every day, the total amount of bank fees will be quite high.
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On the other hand, transaction fees in the case of cryptocurrency are very low. However, if you contract the services of a third party for the maintenance of your crypto wallet, you may have to pay for this service. However, these fees are much less compared to the fee charged by conventional banks.
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Peace of mind

You can use the internet to transfer cryptocurrency with complete peace of mind. In fact, anyone can use this service as long as they have access to the Internet. All you need to do is have a basic understanding of the cryptocurrency network. In short, these are just some of the primary advantages of using cryptocurrency.
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For some time now, I have been closely observing the performance of cryptocurrencies to get a sense of where the market is headed. The routine that my elementary school teacher taught me – where you wake up, pray, brush your teeth and have your breakfast changed a little to wake up, pray and then hit the web (starting with coinmarketcap) just to know in which crypto assets are in. the red
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The beginning of 2018 was not good for altcoins and related assets. Its performance was hampered by frequent bankers’ opinions that the crypto bubble was about to burst. However, ardent followers of cryptocurrency are still “HODLing” and truth be told, they are reaping big.
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Recently, Bitcoin retraced to almost $5000; Bitcoin Cash is close to $500 while Ethereum has found peace at $300. Practically every coin has been hit by newcomers who were still in a phase of excitement. As of this writing, Bitcoin is back on track and trading at $8900. Many other cryptocurrencies have doubled since the upward trend began and the market capitalization is resting at $400 billion from the recent peak of $250 billion .

If you are new to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on how to trade cryptocurrencies

• Start modestly

You’ve already heard that cryptocurrency prices are skyrocketing. You have also probably received the news that this upward trend may not last long. Some opponents, especially bankers and esteemed economists are generally forward to call it as get-rich-quick schemes without stable foundation.
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Such news can make you invest hastily and fail to apply moderation. A little analysis of market trends and worthy currencies to invest in can guarantee good returns. Whatever you do, don’t invest all of your hard earned money in these assets.

• Understand how exchanges work

Recently, I saw a friend of mine post a Facebook feed about one of his friends going to trade on an exchange that he had zero idea about how it works. This is a dangerous move. Always check the site you intend to use before you sign up, or at least before you start trading. If they provide a dummy account to play with, then take the opportunity to learn how the dashboard looks.
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• Do not insist on trading everything

There are more than 1400 cryptocurrencies for trading, but it is impossible to deal with them all. Spreading your portfolio to an enormous number of cryptos than you can effectively manage will minimize your profits. Just select a few of them, read more about them, and how to get their trading signals.
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• Stay sober

Cryptocurrencies are volatile. This is both his downfall and his benefit. As a trader, you have to understand that wild price swings are inevitable. Uncertainty about when to make a move makes one an ineffective trader. Leverage hard data and other research methods to be safe when executing a trade.

Successful traders belong to various online forums where cryptocurrency discussions regarding market trends and signals are discussed. Of course, your knowledge may be enough, but you need to rely on other traders for more relevant data.

• Diversify significantly

Virtually everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies with real-world uses. There are a few crappy coins you can deal with for quick cash, but the best cryptos to deal with are the ones that solve existing problems. Coins with real-world uses tend to be less volatile.

Don’t diversify too early or too late. And before you make a move to buy any crypto-asset, make sure you know its market capitalization, price changes and daily trading volumes. Keeping a healthy portfolio is the way to reap big from these digital assets.

This year the value of Bitcoin has increased, even more than an ounce of gold. There are also new cryptocurrencies on the market, which is even more surprising as it brings the value of cryptocurrencies to more than a hundred billion. On the other hand, the longer-term outlook for cryptocurrency is a bit blurry. There are squabbles of lack of progress among its core developers that make it less enticing as a long-term investment and as a payment system.

Bitcoin

Still the most popular, Bitcoin is the cryptocurrency that started it all. It is currently the largest market capitalization at about $41 billion and has been for the past 8 years. All over the world, Bitcoin has been widely used and so far it is not easy to exploit the weakness in the method that works. Both as a payment system and as a stored value, Bitcoin allows users to receive and send bitcoins easily. The concept of the blockchain is the basis on which Bitcoin is based. It is necessary to understand the concept of blockchain to get a sense of what all cryptocurrencies are.

To put it simply, blockchain is a distributed database that stores each network transaction as a piece of data called a “block”. Every user has copies of the blockchain so when Alice sends 1 bitcoin to Mark, every person on the network knows.

Litecoin

An alternative to Bitcoin, Litecoin tries to solve many of the problems that hold Bitcoin back. It is not as resilient as Ethereum with its value derived mostly from solid user adoption. It is worth noting that Charlie Lee, ex-Googler leads Litecoin. He also practices transparency with what he does with Litecoin and is quite active on Twitter.

Litecoin was second fiddle to Bitcoin for a long time, but things started to change before the year 2017. First, Litecoin was adopted by Coinbase along with Ethereum and Bitcoin. Later, Litecoin fixed Bitcoin’s problem by adopting Segregated Witness technology. This gave them the ability to lower transaction fees and do more. The decisive factor, however, was when Charlie Lee decided to put his sole focus on Litecoin and even left Coinbase, where he was the Director of Engineering, just for Litecoin. Due to this, the price of Litecoin has increased in the last two months with its strongest factor being the fact that it could be a real alternative to Bitcoin.

ethereum

Vitalik Buterin, superstar programmer designed Ethereum, which can do everything Bitcoin is capable of doing. However, its main purpose is to be a platform for building decentralized applications. Blockchains are where the differences between the two lie. Basically, the Bitcoin blockchain records a type of contract, one that indicates whether funds have been moved from one digital address to another. However, there is a significant expansion with Ethereum, as it has a more advanced language script and has a more complex and wider scope of applications.

Projects started popping up on Ethereum when developers started to notice its better qualities. Through the crowd token sale, some have even raised millions of dollars and this is still a continuing trend even to this day. The fact that you can build wonderful things on the Ethereum platform makes it almost like the internet itself. This caused a crash in the price so if you bought a hundred dollars of Ethereum earlier this year, it would not be valued at almost $3000.

Money

Monero aims to solve the problem of anonymous transactions. Although this currency has been perceived to be a method of money laundering, Monero aims to change this. Basically, the difference between Monero and Bitcoin is that Bitcoin features a transparent blockchain with every transaction public and recorded. With Bitcoin, anyone can see how and where money has been moved. However, there is some imperfect anonymity about Bitcoin. In contrast, Monero has an opaque rather than transparent transaction method. No one is quite sold on this method, but since some love privacy for any purpose, Monero is here to stay.

Zcash

Not unlike Monero, Zcash also aims to solve the problems that Bitcoin has. The difference is that instead of being completely transparent, Monero is only partially public in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, not every person likes to show how much money they really spent on memorabilia from Star Wars. Thus, the conclusion is that this type of cryptocoin really has an audience and a demand, although it is difficult to indicate which cryptocurrency that focuses on privacy will eventually come out on top of the pile.

Bank

Also known as “smart token”, Bancor is the new generation standard of cryptocurrencies that can contain more than one token in reserve. Basically, Bancor is trying to make it easier to trade, manage and create tokens by increasing their level of liquidity and letting them have a market price that is automated. At the moment, Bancor has a front-end product that includes a wallet and the creation of a smart token. There are also community features such as stats, profiles and discussions. In a nutshell, Bancor’s protocol enables integrated price discovery as well as a liquidity mechanism for smart contractual tokens through an innovative reserve mechanism. Through the smart contract, you can instantly liquidate or buy any of the tokens in Bancor’s reserve. With Bancor, you can create new cryptocoins with ease. Now who wouldn’t want that?

EOS

Another competitor of Ethereum, EOS promises to solve Ethereum’s scaling problem through the provision of a set of tools that are more robust to run and create apps on the platform.

Theses

An alternative to Ethereum, Tezos can be updated consensually without too much effort. This new blockchain is decentralized in the sense that it is self-governing through the creation of a true digital commons. It facilitates the mathematical technique called formal verification and has features to enhance the security of the most financially weighted and sensitive smart contract. Definitely a great investment in the coming months.

Verdict

It is incredibly difficult to predict which Bitcoin in the list will become the next superstar. However, user adoption has always been a key success factor when it comes to cryptocurrencies. Both Ethereum and Bitcoin have this, and although there is a lot of support from the early adopters of each cryptocurrency on the list, some have yet to prove their staying power. However, these are the ones to invest in and watch out for in the coming months.

Cryptocurrency is a digital alternative to using credit cards or cash to make everyday payments in a variety of situations. It continues to grow as a viable alternative to traditional payment methods, but it still needs to become more stable before it is welcomed by ordinary people. Let’s look at some of the many advantages of using cryptocurrency:

Fraud – any problem with fraud is kept to a minimum because the cryptocurrency is digital which can prevent a reversed or counterfeit payment. This type of action can be a problem with other traditional payment options, such as credit card, due to chargebacks.

Identity theft – there is no need to give out personal information that can lead to identity theft when using cryptocurrency. If you use a credit card, the store is given a lot of information related to your credit line, even for a very small transaction. Also, the credit card payment is based on a pull transaction where a specific amount is requested from an account. With a cryptocurrency payment, the transaction is based on a push basis, which gives the account holder the option to send only the exact amount due without extra information.

Versatile use – a payment for cryptocurrency can easily be made to meet certain terms. A digital contract can be created to make a payment subject to completion at a future date, reference to external facts, or obtain third party approval. Even with a special contract in place, this type of payment is still very fast and efficient.

Easy access – the use of cryptocurrency is widely available to anyone with access to the Internet. It is growing very popular in some parts of the world, such as Kenya, which has almost 1/3 of the population using a digital wallet via the local microfinance service.

Low fees – it is possible to complete a cryptocurrency transaction without having to pay extra fees or charges. However, if a digital wallet or third-party service is used to hold the cryptocurrency, there is likely to be a small charge.

International trade – this type of payment is not subject to country-specific taxes, transaction charges, interest rates, or exchange rates, which allows you to complete cross-border transfers with relative ease.

Adaptability – with almost 1200 unique types of cryptocurrency in the global market, there are many opportunities to use a payment method that corresponds to specific needs. Although there are many options to use the coins for everyday use, there are also those intended for a specific use or in a particular industry.

The birth of bitcoin in 2009 opened the doors to investment opportunities in a completely new type of asset class – cryptocurrency. Many have entered the space before.

Intrigued by the immense potential of these rare but promising assets, they bought crypto at cheap prices. Consequently, the 2017 bull run saw them become millionaires/billionaires. Even those who didn’t share much reaped decent profits.

Three years later, cryptocurrencies are still profitable, and the market is here to stay. You may already be an investor/trader or perhaps contemplating trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report titled Imagine 2030, published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as marginalized but alternatives to existing monetary systems. Its benefits, such as security, speed, minimal transaction fees, ease of storage, and relevance in the digital age, will be recognized.

Concrete regulatory guidelines will popularize cryptocurrencies, and promote their adoption. The report predicts that there will be 200 million users of cryptocurrency wallets by 2030, and almost 350 million by the year 2035.

Opportunity to be part of a growing Community

#IndiaWantsCrypto by WazirX campaign recently completed 600 days. It has become a massive movement supporting the adoption of cryptocurrencies and blockchain in India.

Additionally, the recent Supreme Court ruling overturning RBI’s crypto banking ban from 2018 has instilled a new rush of confidence among Indian bitcoin and cryptocurrency investors.

The Edelman Trust Barometer 2020 report also points to people’s growing faith in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency/blockchain will be positive.

By being a cryptocurrency investor, you stand to be a part of a thriving and fast-growing community.

Increased profit potential

Diversification is an essential investment rule. In particular, in these times when the majority of assets have suffered heavy losses due to economic difficulties stimulated by the COVID-19 pandemic.

While investing in bitcoin has given 26% returns since the beginning of the year to date, gold has returned 16%. Many other cryptocurrencies have recorded triple-digit ROIs. The stock markets, as we all know, have posted dismal performances. Crude oil prices notoriously fell below 0 in the month of April.

Including bitcoin or any other cryptocurrencies in your portfolio protects the value of your fund in such uncertain situations of the global market. This fact was also impressed by the billionaire macro hedge fund manager Paul Tudor Jones when a month later he announced plans to invest in Bitcoin.

Cryptocurrency Markets are on 24X7X365

In contrast to the usual markets, cryptocurrency markets operate around the clock, every day of the year without fatigue. That’s because digital currency systems are essentially designed with pieces of software code that are secured by cryptography.

The operational plan does not involve human interference. Therefore, you are free to trade crypto or invest in digital assets whenever you want. It’s a great benefit! Cryptocurrency markets are very efficient in this way.

For example, Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.

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No paperwork or formalities required

You can invest in bitcoin or any other cryptocurrency anywhere and anytime without unnecessary terms and conditions.

Unlike conventional investment options, where an absurdly high amount of documentation is required to prove yourself as an “accredited investor”, crypto investing is free for all. In fact, this was the intended purpose behind the inception of cryptocurrencies. The democratization of finance/money.

To buy any cryptocurrency WazirX, you need to open an account for which you only need to provide some basic details including your bank account information. Once they are verified, within a few hours, you are good to go.

Sole Proprietorship in Investments

When you buy bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction happens in a peer-to-peer agreement.

Unlike bonds, mutual funds, brokers, no third party “manages your investment” for you. Call the buy and sell shots whenever you want.

User autonomy is the biggest benefit of cryptocurrency systems that provide incredible opportunities to invest and build a corpus on your “independent” main capital.

Here are some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your crypto investment journey.

In recent years, people have been talking a lot about cryptocurrency. At first, this venture sounded scary, but people began to develop confidence in it. You may have heard of Ether and Bitcoin. Both are cryptocurrencies and use Blockchain Technology for the highest possible security. Today, these coins are available in many types. We know more about it.

How can encryption help you?

In terms of fraud, this type of currency cannot be forged as in digital form and cannot be reversed or forged unlike credit cards.

Immediate solution

The purchase of real estate involves third parties, such as lawyers and the notary. Therefore, delays may occur and extra costs may be incurred. On the other hand, Bitcoin contracts are designed and enforced to include or exclude third parties. Transactions are fast and payments can be made instantly.

Lower rates

Typically, there is no transaction fee if you want to exchange Bitcoin or any other currency. To verify a transaction, there are minors who are paid by the network. Although there is a zero transaction fee, most buyers or sellers employ the services of a third party, such as Coinbase for the creation and maintenance of their wallets. If you don’t know, these services work like Paypal offering a web based exchange system.

Identification of the theft

Your merchant receives your full line of credit when you provide them with your credit card. This is true even if the transaction amount is very small. In fact, what happens is that credit cards work based on a “pull” system where the online store pulls the required amount from the account associated with the card. On the other hand, digital currencies present a “push” mechanism where the account holder sends only the required amount without any additional information. So, there is no chance of theft.

Open access

According to statistics, there are about 2.2 billion people who use the Internet, but not all of them have access to the conventional exchange. Thus, they can use the new form of payment method.

Decentralization

In terms of decentralization, an international computer network called Blockchain technology manages the Bitcoin database. In other words, Bitcoin is under the administration of the network, and there is no central authority. In other words, the network works on a peer-to-peer based approach.

Acknowledgment

Since cryptography is not based on exchange rates, transaction charges or interest rates, you can use it internationally without suffering from problems. Thus, you can save a lot of time and money. In other words, Bitcoin and other currencies like it are recognized worldwide. You can count on them.

So, if you are looking for a way to invest your extra money, you can consider investing in Bitcoin. You can become a miner or an investor. However, make sure you know what you are doing. Safety is not an issue, but other things are important to keep in mind. Hopefully, you will find this article useful.

When it comes to trading cryptocurrencies, you have to speculate whether the market you have chosen will go up or down in value. And the interesting thing is that you never own the digital asset. Indeed, trading is done with derivative products such as CFDs. Let’s take a look at the benefits of trading cryptocurrencies. Read on to learn more.

Volatility

While cryptocurrency is a new market, it is quite volatile due to short-term speculative interest. The price of bitcoin fell to $5851 from $19,378 in 2018, in just one year. However, the value of other digital currencies is quite stable, which is good news.

What makes this world so exciting is the volatility of cryptocurrency value. Price movements offer many opportunities for traders. However, this comes with a lot of risk as well. So if you decide to explore the market, make sure you do your research and put a risk management strategy in place.

Business hours

Typically, the market is open for trading 24/7 because it is not regulated by any government. Also, transactions are made between buyers and sellers around the world. There may be brief downtimes when infrastructure upgrades are made.

Improved liquidity

Liquidity refers to how quickly a digital currency can be sold for cash. This feature is important because it allows faster transaction times, better accuracy and better pricing. In general, the market is not very liquid as financial transactions happen in different exchanges. Therefore, small trades can bring big changes in prices.

Leveraged Exposure

Since CFD trading is considered a leveraged product, you can open a position on what we call “margin”. In this case, the value of the deposit is a fraction of the commercial value. Thus, you can enjoy a great exposure to the market without investing a lot of money.

The loss or profit will reflect the value of the position at the time of its closing. Therefore, if you trade on the margin, you can earn huge profits by investing a small amount of money. However, it also magnifies losses that can exceed your deposit on a trade. Therefore, be sure to take into account the total value of the position before investing in CFDs.

In addition, it is important to ensure that you follow a solid risk management strategy, which should involve appropriate limits and stops.

Fast account opening

If you want to buy cryptocurrencies, make sure you do it through an exchange. All you have to do is sign up for an exchange account and keep the currency in your wallet. Keep in mind that this process can be restrictive and take a lot of time and effort. However, once the account is created, the rest of the process will be quite smooth and without complications.

Long story short, these are some of the most important benefits of cryptocurrency trading in the here and now. I hope you will find this article very useful.