Trading in Crypto or Stocks is always risky for people to accept and starts investing their money in crypto because it is not just complicated but also volatility rate is high. Whenever we think of trading what comes first to our mind is that it is complicated but it is not.
WHAT IS CRYPTOCURRENCY?
Before we learn about trading tips we should understand that crypto is a digital form of currency or money and this digital money solves many problems which we face when we use cash. Cryptocurrency is far better than having cash as we do not need the bank to issue, print, or transfer money is easy we do not need any mediatory, and charges fees are low as compared to cash.
ADVANTAGES OF CRYPTOCURRENCY
CHEAPER TRANSACTIONS
If you want to transfer money to another person you have to go through legalities, and unnecessary steps which waste a lot of time, money, and energy but it is not the case in crypto. It is a very cheap and fast method without any mediator which increases extra brokerage fees.
SECURE DEALINGS
Cryptocurrencies are more secure as compared to other platforms. Only you are the charge of your account no one else can see your history while in banks it is not the case.
FAST INTERNATIONAL TRADE
To transfer money across borders you have to go through many steps and it takes a lot of time but in crypto, it is not the case you can transfer your money in seconds.
TIPS FOR ENTERING THE WORLD OF CRYPTO TRADING
If you are new to crypto trading you should know all these tricks and tips which help to understand the crypto world more’
REPUTABLE NEWS SOURCE IS KEY
People find it very difficult when they think of trading in cryptocurrency they always hesitate but everyone has a different opinion about crypto. Some may oppose but some people know it's worth it.
If you did your research and think that this will benefit you don't get confused with the opinions of others it will eventually confuse you from your goal.
VOLATILITY RATE
Don't be shocked when you experience the ups and downs of trading it is what it is you can not ignore the volatility rate of crypto but you can be prepared for outcomes.
CHOOSE ASSETS WISELY
In cryptocurrency there are different coins like bitcoin, Ethereum, Litecoin, Dogecoin, etc, you have to choose which asset is best for your growth and you should not invest your whole income in one coin as it increases the risk. For this, you have to make proper research and then choose the best assets for future outcomes.
USE OF HOT AND COLD WALLETS
Cryptocurrency is a digital currency but still, you store this currency in hot and cold wallets. Hot wallets are online storage of cryptocurrency if you are a beginner this is best for you while cold wallets are offline storage of currency it provides more protection from hackers.
For more safety try to learn and understand both and use them for optimum results.
BE VIGILANT
Even if cryptocurrency has higher safety ratings as compared to traditional cash still you have to be alert more. You can not ignore hackers, and scams that ruin your profit and growth.
Educate yourself, and do your research so that you are prepared for every problem you may face in the future.
CONCLUSION
For mastering any craft you need to learn, practice more and more and it will take the time you can't expect in one day. Don't feel pressured to start slow, practice and constant learning are key to sustainable growth.
Cryptocurrency is a new trend that is massively growing day by day. People & businesses have stared accepting crypto as payments more as compared to past years. Research shows that crypto adoption increases 880% in the last 12 months which is a huge number.
But it turned into a new trend when famous personalities are taking payment in crypto which got headlines for many news channels. Many companies have also taken the initiative to attract young people by started giving salaries in crypto.
According to Gerrits, he increased his income way faster in crypto as compared to cash and the main reason is the rise in the prices of crypto which significantly changes but not every time prices go up sometimes it goes down also which ends the excitement, so you have to prepare for both outcomes.
CRYPTO ADOPTION BY BUSINESSES
Crypto adoption is not something an idea or theory it is now a mainstream reality that many countries started adopting. For an increase in wealth, many people started investing in cryptocurrencies as these platforms provide huge percentages of profit if you invest in the right places.
This is a new type of internet that can not be banned but everything has positive and negative sides to it so does crypto it is so volatile that people are facing issues and scams which can not be ignorable and at the end which limits the trust of the users.
WHY IT IS RISKY TO GET PAID IN CRYPTO?
It is not just one factor when we discuss the risk factor of crypto even if it is gaining popularity we can not ignore the risk like constant price fluctuation, volatility, or scams.
THE VOLATILITY FACTOR
This factor or risk is a key issue that led people to take a backstep in investing money in crypto as prices fluctuation is so high that you can not predict which makes it's high volatile, so when prices go up you will be significant profit but when it goes down it also incurs a heavy loss which is a big risk for many investors.
THE TAXATION PROBLEM
Taxation is also a setback for crypto as many countries have no taxation law for crypto so far but income earned in crypto can be represented in many ways which makes taxation harder.
BENEFITS OF USING CRYPTO FOR PAYMENT
Even if cryptocurrency has many risk factors but you can not ignore the big benefits like increased profit, simplicity, low fees, and privacy.
FEES
For using a debit or credit card you have to pay some amount of fees which quickly adds up after some time of usage but in crypto, fees are low as compared to other platforms.
NO BOUNDARIES
No matter where you are in the world you can still use crypto, as cryptocurrency has no borders with very fast and affordability and it is not only one benefit of crypto but also it charges low fees while doing international trade as compared to other platforms.
SAFE MOBILE PAYMENTS
Today everyone is using mobile phones as a mode of payment. In recent years mobile phones become more popular and due to this many companies provide mobile-friendly payment methods which help to ease the transaction.
Cryptocurrency provides users to conduct mobile payments easier, safer, and quicker.
CONCLUSION
We can not deny the fact that the crypto world is now a reality whether we like it or not it is there and it is like a new internet you can not ban blockchain and it's very hard to ban crypto completely. We should see it as an innovative opportunity with proper protection from scams that lead to growth.
Bulls (buyers) seem to be losing control over the crypto-leading token bitcoin (BTC) as it is now standing at a support level of $44,000. Bitcoin has been losing to red after traders saws something fishy with bitcoin (BTC).
Bitcoin (BTC) continued its journey towards the downside into Wednesday's Wall Street which opens with it testing the $44,000 support level for the first time since the beginning of April.
BTC price hovering around two-week lows
After analyzing data from Cointelegraph Markets pro and TradingView it is concluded that BTC/USD has reached 12-day lows of $43,801 on Bitstamp, that's down more than 7% from the month's high.
This move has to flout positive triggers in the form of some fresh buy-ins from Terra and MicroStrategy, but experts were instead expecting macro factors as the next potential BTC price catalyst, a positive catalyst.
According to a renowned portfolio manager at asset manager Robeco, Mr. Jeroen Blokland, The United States 10- year old treasury yield has to remain on an uptrend throughout the year and should now take a turn in another direction and should provide some rest for risk assets.
He stated, "We are not there yet".
US Federal Reserve utters
While potentially going against them, the U.S. Federal Reserve has disclosed that May is expected to bring the start of "aggressive" balance sheet reduction, which will result in an end to the "easy money" policy, which many were afraid would pressure risk-asset demand.
“It is of paramount importance to get inflation down,” future Federal vice-chair Lael Brainard put his thoughts in the comments at a conference this week, mentioned by Financial Times among others.
Inflation continued to cause inconvenience to the sentiment beyond the U.S., looking at current stats, with eurozone annual producer price inflation rising to new highs by the most on record in February- it's over 31%. As we see the current scenario after the Russia-Ukraine war future readouts are likely even higher.
Hold it strong, the current spot price zone
In such a critical situation like this, the experts were prepared to cut spot some slack, claiming for $44,000 to be a strong bullish foundation and be held hard and strong.
Speaking of experts, many do see this as a potential buying opportunity to get into the market and push the prices high, why so? Because EMA's are aligned in the same manner and with this happening we also do see price testing the 200 level at 0.618 retracements.
All of this is to break out and exit a 2-month long accumulation period. Also when we do see the price action we can see a triangle pattern forming from the beginning of Feb to end of the Mar and this seems like a potential breakout that is now being retested at 200 levels.
Those who were seeking an opportunity to go long on BTC should consider this as one. According to the experts if we could hold this level of 44-45K zone then odds might be in our favor and we are probable to continue up the mid-50s as triangle breakouts are one of the strongest patterns.
Concluding with the Expert
Private fund manager and CryptoQuant contributor who's known for his popular Twitter account Gaah placed his thoughts into words saying, $44,000 was a key level to be taken well care of to avoid a potential down move of the market to such a level as $37,000.
“Something is off and the coming days will show what is happening,” trader crypto Ed added in a lot more concerned tone.
In his recent YouTube update he came open and stated a failure to hold the $45,000 mark might open up the road to the low $43,000s, he said.
Before getting into the sophisticated stuff let's first get into INFLATION itself, leap to know what it is and how is it going to affect a normal citizen.
In simple words, INFLATION is the loss of value of a currency. If a person could buy a piece of land for 100$ in the 1990s that same would not apply to today's scenario, this is because that particular currency has lost its value over a while. Statistically, Inflation is growing at a rate of 6% annually! A decent shock to one's pocket, so how are we going to beat it?
TOOLS TO BEAT INFLATION
As time affect the value of cash, many people have now used multiple tools to protect their hard-earned money by putting it into investment tools like, real estate, gold, mutual funds, stocks, and now cryptocurrency being the latest of all. Despite its arrival, the question remains the same; will it be keeping up with inflation?
Let’s look into each of these and see how they stood against Inflation
Gold is a tool that is provided from one generation to another but statistically speaking gold has had times where it has shown negative value like in the 1980s when it was supposed to hedge against inflation it kept falling. But also in a time of crisis when the market goes south, gold acts as a shield for an investor's portfolio.
Real estate is another tool that is/was supposed to protect us against inflation but after the US Housing market crash; it is a big hit to make us think of another way around it as an investment tool, the data from the National Association of Realtors (NAR) shows a fall of 13% in sales, from 554,000 to 482,000 in March 2006.
Stocks as a modern-day weapon to fight against inflation, let's be honest here. When it comes to stocks an investor needs to know the very basics of a company's business, operation, management, customer base, liabilities, assets, debt, etc. A fundamentally strong company is considered a good-to-go option for asset accumulation, but does every investor is well aware of it?
Some stocks do help as a good investment to protect the overall value of a portfolio and very often go up in value but it becomes very important to pick such stocks and not be shaken by a small correction in the market.
BITCOIN, could it be a proper vehicle to ride over the terrain of inflation? Supply and Demand are a big factor playing in its favor as Bitcoin has a limited supply and because of its previous performance, everyone seeks to own a piece of it and the demand keeps rising over time.
Limited supply introduces scarcity among people; the supply of BITCOIN has been limited to 21 million coins and by the end of 2021, 83% of these coins have already been mined and are in circulation, a total of 18.77 million of these.
Decentralization is another big factor for it as no single body governs Bitcoin. With millions of nodes working together across the globe it becomes almost impossible to break in and attack its monetary policies.
The Bottom Line
Every investment tool had its time and with the generation gap there are so many different investment tools that come into existence to the very old times only land and gold used to be sheltered under the tag of the asset but over time we had stocks and that is something we still use to look for the economic performance of a nation but the returns that we have registered with BITCOIN is something different.
As an asset, Bitcoin has worked mind-bogglingly well and it has beaten inflation by a huge margin. Statistics also reveal that Return on Investment (ROI) with Bitcoin is significantly higher than with Real estate, gold, or stocks.
Nowadays, many companies are inviting influencers to be a part of metapreneurs. This is a whole new concept where you can easily meet people with your virtual avatar, yes this sounds crazy but this is true. Imagine you wake up and you want to go to meet with people by just putting smart glasses on you can meet with real-time experience, shopping with friends, sports, and many more things.
Influencers play a major part in increasing sales by attracting customers. Everyone nowadays looks up to influencers like what brand they wear, designer bag, makeup, and cars everything related to influencers people are ready to copy and companies are taking advantage of this opportunity.
Companies are promoting their brands with the help of influencers but what's the use of metaverse in it, so the answer is influencers are now promoting with their virtual avatars. This new concept creates buzz among people, and that’s why influencers are now ready to be a part of matapreneurs.
This is not some future vision or theory it's very close and this new world is called the metaverse. It's a new way of interacting with customers.
WHY INFLUENCERS ARE IMPORTANT?
Today Cell phones are a crucial part of today's world, we can not ignore the usage of phones and their countless advantages which makes our life easy. From starting our day to late at night people use cell phones and they are engaged most of the time on their phones and it’s a limitless opportunity for companies to sell their products and services.
People are spending a lot of time watching content creators so now you can imagine how impactful these content creators are, they can easily convey their message and give advice to interested customers.
EARLY ADOPTERS
Metaverse provides great opportunities for businesses but it is more beneficial for those who are early adapters. Companies that know the importance of social media are always benefited. People's high engagement on these platforms provides companies to promote their brands.
Now social media is not just about uploading pictures, or making videos it is more than that, influencers are now ready to interact with people with the help of their virtual avatar. Virtual avatar provides a different aspect of interaction with customers which is very interesting.
Metafluence bridging the gap between influencer marketing and metaverse opens a new gateway for content creators to interact with people. For ex, Travis Scott performed at Fortnite with his avatar which was liked by his fans and made $20 million.
Recognizing the unfulfilled needs, metafluence gives a solution to these problems by providing blockchain technology which helps to solve many issues.
CONCLUSION
With the help of metafluence, influencers can take full advantage of their social media power but now due to the metaverse tool, the difference is that audience can reach out in real-time discussions and many activities like gaming, meeting, visiting places, and more. Many big companies have already invested in these projects.
In the coming years metaverse changes the whole picture of social media. Imagine your favorite food vlogger now with the help of metaverse you can cook together and share the same experience this new world is so magical that you don’t have any limits. If we recognize on time possibilities are endless for any company as competition in the market is extremely high if you want to stay ahead of the game you have to take full advantage of metafluence.
It all depends upon the companies that are ready to be a part of the digital shift because metaverse has already opened the gate for big opportunities.
