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Basic Questions about Cryptos / What are the advantages and disadvantages of investing in cryptocurrency?
« on: October 20, 2018, 02:27:53 PM »
His age is not even a decade old, making people still curious about cryptocurrency, especially the value continues to penetrate the upper limit until the end of 2017. Unfortunately, starting from the beginning of 2018 until now, the capitalization of bitcoin around the world decreased because of the price that followed.
If we want to look at the macro, in fact the correction in prices which reaches more than 50% of its highest value, which is under 130 million from 260 million, is arguably reasonable.
Why, why is that fair? That reduction is already crazy!
Relax, in my opinion there is a scientific explanation. This is a friend,
First, Cryptocurrency is looking for "fairness". All products, whether property, gold, stocks, bonds, and others always have a fair value, and investors have a different approach to determine that point.
Bitcoin and other cryptocurrency are the same.
Currently, almost all investors in the world judge that the price of Bitcoin is too high compared to the benefits received. Why is that?
The reason is easy, the majority of the government is still not "interested" and the fear of the global financial industry will be the growth of the digital currency. As a result, the growth of merchants receiving digital currencies has not increased as expected.
If you want to spend a little time analyzing a chart, it will appear that Bitcoin is entering a bearish phase. This phase shows traders are panicking to determine whether to stay in the market or not, where eventually traders are more inclined to save their fiat money. What for?
Obviously, to buy bitcoin and other digital currencies at the lowest possible price. Thus their profits will be higher.
Advantages of investing in cryptocurrency
1. Potential Future Price Increase
2. Freedom and Speed
3. Identity Security
4. Avoid counterfeiting of money
5. Participate in ICO
Loss of Crypto Currency Investment
1. High Volatility
2. Potential violations of the law
3. Lost wallet "key"
For you new players in digital currency, there are five strategies you can do, namely:
1. Has an Understanding of the Cryptocurrency Concept
2. Frequently Seeing the Stock Market
3. Coin Diversification
4. Start with a Small Amount and Make a Measured Increase
5. Reallocate your investment
If we want to look at the macro, in fact the correction in prices which reaches more than 50% of its highest value, which is under 130 million from 260 million, is arguably reasonable.
Why, why is that fair? That reduction is already crazy!
Relax, in my opinion there is a scientific explanation. This is a friend,
First, Cryptocurrency is looking for "fairness". All products, whether property, gold, stocks, bonds, and others always have a fair value, and investors have a different approach to determine that point.
Bitcoin and other cryptocurrency are the same.
Currently, almost all investors in the world judge that the price of Bitcoin is too high compared to the benefits received. Why is that?
The reason is easy, the majority of the government is still not "interested" and the fear of the global financial industry will be the growth of the digital currency. As a result, the growth of merchants receiving digital currencies has not increased as expected.
If you want to spend a little time analyzing a chart, it will appear that Bitcoin is entering a bearish phase. This phase shows traders are panicking to determine whether to stay in the market or not, where eventually traders are more inclined to save their fiat money. What for?
Obviously, to buy bitcoin and other digital currencies at the lowest possible price. Thus their profits will be higher.
Advantages of investing in cryptocurrency
1. Potential Future Price Increase
2. Freedom and Speed
3. Identity Security
4. Avoid counterfeiting of money
5. Participate in ICO
Loss of Crypto Currency Investment
1. High Volatility
2. Potential violations of the law
3. Lost wallet "key"
For you new players in digital currency, there are five strategies you can do, namely:
1. Has an Understanding of the Cryptocurrency Concept
2. Frequently Seeing the Stock Market
3. Coin Diversification
4. Start with a Small Amount and Make a Measured Increase
5. Reallocate your investment