123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Crypto Currencies Being A Profitable Rollercoaster

Profile Picture
By Author: Vandana Mrigwani
Total Articles: 16
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Cryptocurrencies maneuver up and down by 15% daily. Such price changes are referred to as volatility. But what if this is often totally normal and sudden changes are among the characteristics of the cryptocurrencies allowing you to form an honest profit? Secondly, cryptocurrencies' character is more sort of a "store of value" (like gold had been within the past). With the fastest ones, the transfer takes even just a few seconds (up to a minute), making them an excellent asset for brief-term trading, if currently there's no good trend on other sorts of assets.

What everyone should bear in mind - that speed also goes for the lifespan trends on cryptocurrencies. While on regular markets, trends might last months or maybe years - here, it takes place within even days or hours. This leads us to the subsequent point - although we are speaking a few markets worth many billions of folks dollars, it still very bits compared to daily trading volume compared to traditional currency market or stocks. Therefore one investor making 100 million transactions on the stock exchange won't cause a huge price change. Still, on the ...
... scale of the cryptocurrency market, this is often a big and noticeable transaction.

As cryptocurrencies are digital assets, they're subject to technical and software updates of cryptocurrencies features or expanding blockchain collaboration, making it more attractive to the potential investors (like activation of SegWit caused the value of Bitcoin to be doubled). These elements combined explain why we are observing such huge price changes in the price of cryptocurrencies within a few hours, days, weeks, etc. But answering the question from the primary paragraph - one among the classic rules of trading is to shop for cheap, sell high - therefore having short. Still, strong trends every day (instead of way weaker ones lasting weeks or months like on stocks) give far more chances to form an honest profit if used properly.

Total Views: 90Word Count: 323See All articles From Author

Add Comment

Business Articles

1. Call Center Policies: Best Practices Agents Need To Stick To
Author: Alicia Johnson

2. 5 Ways To Prevent Rust On Machine Parts
Author: Steven Glassner

3. Celebrate Your Wedding Anniversary In Corbett
Author: seven corbett

4. Global Bluetooth Smart Lock Market Trends, Application And Regional Forecast To 2021-2026
Author: james Grey

5. Desiccant Breathers Market - Global Outlook And Forecast 2021-2027
Author: Kavita

6. Global Ethanol Fireplace Market Trends, Application And Regional Forecast To 2021-2026
Author: james Grey

7. In Vitro Diagnostics Quality Control Market Top Players And Business Intelligence
Author: MarketsandMarkets

8. Global Deodorant Soaps Market Trends, Application And Regional Forecast To 2021-2026
Author: james Grey

9. Best Marriage Bureau In Bangalore | Best Marriage Brokers
Author: Manu

10. Smart Toilet Market Size To Reach $15181.4 Million By 2027
Author: Abhishek

11. Why Professional Cleaning Of Your Carpet Shouldn’t Be Delayed Or Avoided
Author: Rivas Janitorial

12. Vinyl Ester Resin Market (6.30% Cagr) 2035: Global Industry Size, Share, Growth, Analysis And Forecast
Author: Nilesh Vishwakarma

13. Breast Reconstruction Market: Graphical Information Presentation, Figures And Data Analysis
Author: robert henric

14. 8 Things To Consider When Planning To Build A Farm Shed
Author: Farm Sheds

15. Haptic Touchscreen Market - Global Outlook And Forecast 2021-2027
Author: Kavita

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: