If you're planning to get involved in the crypto sphere, one of the initial things to think about is whether you'll purchase these digital currencies or bet on their value. Check out the advantages of trading crypto on cryptocurrency and learn why it has become a popular choice to buy coins directly.
Why should you trade in cryptocurrency?
When you trade cryptocurrency using IG You are making predictions on whether your selected market will increase or decrease in value, and without owning your digital assets. This is accomplished through derivative products. The advantages of crypto influencer marketing:
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Cryptocurrency volatility
While the cryptocurrency market is new, it has seen substantial volatility due to huge amounts of short-term speculative interest. For example, between October 2017 and October 2018, the price of bitcoin rose as high as $19,378 and fell to lows of $5851. Other cryptocurrencies have been comparatively more stable, but new technologies are often likely to attract speculative interest.
Cryptocurrency market hours
The cryptocurrency market is usually available to trade 24 hours a day, seven days a week because there is no centralized governance of the market. Cryptocurrency transactions take place directly between individuals, on cryptocurrency exchanges all over the world. However, there may be periods of downtime when the market is adjusting to infrastructural updates, or ‘forks’.
Increased liquidity
Liquidity is the measure of how quickly and easily a cryptocurrency can be converted into cash, without impacting the market price. Liquidity is important because it brings about better pricing, faster transaction times and increased accuracy for technical analysis.
