Alexander Bueso Sharecast | 31 Aug, 2017 14:04 - Updated: 10:04 | | |
We all know that cryptocurrencies are more than just a trend now. A lot of people have seen their major benefits over the past few months. However, there is a lot of people who still believe that these markets are volatile and unstable. Which is partially true. But from another point of view…
Do you know that ordinary money depreciate? In case you don't, you should know that even the 'most stable' American dollar is a subject to ups and downs. Nowadays, the dollar costs much less than a decade or two ago. There is absolutely no doubt that a hundred dollars would cost much less in a couple of years or decades. So, the point is simple - everything is changing nowadays, and that includes currencies as well.
Buying Cryptocurrencies Is Now Easier Than Ever Before, Thanks To One Platform
On a side note, there are so many investors nowadays looking for new ways of accumulating money. Cryptocurrencies are one of the main innovations in the finance world. Their value has grown a lot over time - and it seems like the demand is always on the rise.
However, purchasing cryptocurrencies is not as easy as purchasing a regular currency like the dollar or the Euro. Which is why one company made a leap forward and revolutionized this approach with an app called IQ Option.
The platform makes buying and selling cryptocurrencies in real time possible at one touch of the screen. Traders do not have to wait for assets to go up and down anymore - and can purchase any cryptocurrency they want in the exact moment.
Thinking Of Buying A Cryptocurrency? Here Is Why It’s Better Than Ordinary Money…
If you are interested in purchasing a cryptocurrency, you should know the facts. Firstly, the main difference between cryptocurrencies and money is where they actually come from. While money are issued by central and national banks which regulate their flow, cryptocurrencies have no issuers. That being said, the situation of pre-printing money in case of an inflation is not possible with cryptocurrencies, which makes them a lot more valuable than money.
Secondly, cryptocurrencies are issued directly over the Internet. This means that in order for their number to increase - there must be a ‘bluff’ - which will generate a new digital cipher using serious computing power.
Most important, though, is the fact that cryptocurrencies are linked to blockchain - a way of encrypting information and making it safe. Here, no one can take a decision or sign a decree.
Cryptocurrencies can only be ‘extracted’ through ‘mining’ - a process where a computer ‘mines’
them through a software.
Even though this market seems like a fluctuous one, the blockchain makes the trading safer than ever. Plus, the fact that the cryptocurrency market is open 24/7 and accessed from anywhere definitely outperforms banks and their regular working hours and limitations.
The Advantages Of Trading Cryptocurrencies - Listed
Some of the major advantages of trading cryptocurrencies include:
● The open algorithm code that allows everyone to obtain cryptocurrencies
● The anonymity of all transactions, without any information about their owner (there is
only a number)
● A decentralized nature, with absence of a single digital bank and lack of control over
transactions and payments
● No inflation (only a limited number of ‘coins’ is issued in each currency)
● Advanced security without the possibility of copying a cryptocurrency or creating it in
So, How To Invest In Cryptocurrencies?
In order to invest in cryptocurrencies nowadays, you should definitely follow the good old principle that says ‘buy on the fall and sell on the rise’. This is a no-brainer and how a lot of people made substantial amounts of money, especially when buying cryptocurrencies on their ultimate lows.
A great example for this is Bitcoin, the most popular and highest-valued cryptocurrency. After its first release in 2009, one Bitcoin was only a few cents. Today, one Bitcoin is worth thousands of dollars. Plus, it is a currency that is already recognized in Japan as well as an official payment method in the US. With its status of a virtual currency, it is also not taxed and is about to get regulated in many other countries.
Investing in cryptocurrencies brings a set of opportunities to every trader nowadays. On the IQ Option platform, everyone can invest and track the dynamics of each cryptocurrency but also make transactions and exchange cryptocurrencies.
All you need is to create an account and start exploring the different cryptocurrencies and their possibilities. Aside from Bitcoin, the trading volume has been increased by 140% this year, consisting of cryptocurrencies like:
● Ethereum - presently known as one of the most advanced smart contract in the blockchain
● Litecoin - one of the most successful followers of Bitcoin with a high degree of security
● IOTa - the first cryptocurrency that is not based on blockchain
● Dash - the highest degree of anonymity and an ability to transfer cryptocurrencies to any location and account through an Internet connection
● Ripple - featured by Google with a backup copy
Do Not Forget CFDs and ForEx As Well!
As the final part, we should definitely not forget the importance of CFDs as well. In case you didn’t know, a contract for difference (CFD) is a financial instrument that allows traders to invest into an asset class without actually owning the asset.
With CFDs, you do not need to pay the cost of the whole asset (stock index or shareholding).
Instead, you pay only for the contract for the difference in prices and can trade major assets with a minimal investment! IQ Option offers CFD-contracts for shares of the world's largest companies, such as Apple, and Facebook. In addition, there are CFDs for indices (NYSE, NASDAQ, Dow Jones, S&P 500, etc.)
On IQ Option, you can trade different currencies and explore the numerous possibilities. Both crypto, forex and CFD are now available on one trading platform - IQ Option for mobile.
Download it now and start trading
The financial services provided by IQ Option carry a high level of risk and can result in the loss of all your funds. You should not invest money that you cannot afford to lose.
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