HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%
XM information and reviews
XM
82%

Some things you need to know about investing in cryptocurrency


Whether you have thought about investing in cryptocurrency for a long time or it is an idea that sprang up recently, there are some things you should know before getting started. First of all, cryptos are new and different, and exciting, which is part of the reason everyone is talking about them. Then there are the prices, from rising Bitcoin late in 2017 to falling Bitcoin in Q4 2018, crypto prices are always changing.

Can you get rich with crypto trading?

Consider yourself warned. While some people got rich investing in cryptocurrency, most people have not. That is due to the crypto volatility. Cryptos are the poster child of volatility, which is not necessarily a bad thing. If you are keen to make your portfolio diverse, especially if you feel volatility adds to your holdings, these digital assets might be a good addition.

While Bitcoin, founded in 2009, is the father of all the cryptos, he is not the only one. You may have heard about some of the others…Ripple, Ether, Dash, but you probably haven’t heard of all of them. That is because there are now nearly 2500 cryptos trying to make their way to the big leagues. Some cryptos are similar to Bitcoin, some are very different, but all that choice makes investing in cryptocurrency a cool prospect.

What makes investing in cryptocurrency different from investing in other assets is that they are a different kind of currency. True, when you trade cryptos, you are trading them compared to the main national currencies, called fiat currencies, like the US dollar. But they are not centrally managed and are not backed by anything of value. Cryptocurrencies are decentralised, and their trades are recorded, mostly anonymously, on a ledger called the blockchain.

Blockchain technology has been a big player in the advent of cryptos. Most blockchains are public or permissionless, which ensures transparency and trustworthiness of transactions. So, if you’re going to make a deal with another person and they need to pay two Bitcoins to you, you can verify if the person really has them. Yet, there are also private platforms where this scenario does not work.

With many pundits arguing if the blockchain will bring an incredible range of changes and innovations to technology, commerce, banking, etc., it is still believed to be a promising solution for many industry activities, not only for investing in cryptocurrency. The blockchain’s concept of a distributed database allows maintaining secure records for any digital transactions. It can be used for medical records, documenting provenance, real estate deals, insurance, voting.

Some major global financial institutions are using blockchain to transfer money, citing the blockchains’ hacking resistance, speed, anonymity, and so forth.

 How do you start investing in cryptocurrencies?

Some people think you need a small fortune to begin investing in cryptocurrency, but that is not the case. One way to invest in cryptos is with CFDs. CFDs let traders predict if the asset is going up or down (going long or short), which might be useful in times of volatility. Additionally, at ROInvesting, cryptos can be traded for just $250, a good way to test if investing in cryptos is for you.

ROInvesting is an online broker that has gained an excellent reputation among European traders. It offers a wide range of cryptocurrencies to trade CFDs on, including Bitcoin, Ether, Dash, Ripple, as well as other various assets such as precious metals, oil, currencies, indices, shares. The broker is well-known for its straightforward trading conditions and full-fledged trading environment. To power up trading experience, ROInvesting offers endless financial opportunities and backs them up with:

The broker guarantees an excellent investment service so that any trader can strengthen the financial portfolio and become a trading pro. Open account at ROInvesting and trade with confidence.

#source


RELATED

Delving Deeper into Stocks: Understanding Ownership, Trading, and Market Dynamics

Stocks are not just another piece of paper or a digital asset; they symbolize a fragment of ownership in a company. In the vast realm of finance, stocks may don several hats...

Why is Crypto currency so Popular?

Cryptocurrency has emerged in the last 10 years and continues to gain popularity among various sectors of the population. There are hundreds...

How to Get into Online Metal Trading?

The most popular precious metals in metals trading are gold and silver. The latter is strongly linked to the main currencies and the world economy as a whole. Precious metals...

Salvador Bitcoin Experiment: A brilliant idea or a fiasco

There are so many countries, so many opinions and approaches. Each country has its vision. And it is not always clear why digital assets are welcome in one economy and are considered evil by the other...

Is EOS A Good Investment? Top Altcoin Insights For 2021

The cryptocurrency market is filled with innovation and ambition, where projects aim not just to be platforms for developers to build on, but full-scale ecosystems that can...

How to Identify a Suitable Broker for Trading Crypto

Cryptocurrencies have become attractive both as trading and investment instruments. The uniqueness of this market sector puts additional requirements on a broker that...

Advantages and disadvantages of forex rebate

If you are really concerned about your profit on the forex market you should definitely use one of the mayor forex rebate providers...

A Guide How to Trade Indices

An index (plural, indices) is a measure of a collection of assets or tradable securities. It aggregates the prices of all the underlying assets and provides...

What Makes Bitcoin Unique and How Is Bitcoin Traded?

Bitcoin is a global digital currency based on distributed computing instead of gold and banks. At the time of this writing, Bitcoin is the world's largest digital currency...

Advantages Of Using VPS for FX Trading

VPS is short for a virtual private server and it’s widely used for trading in the financial market. The VPS hosting service will be especially useful for traders who prefer...

A Comprehensive Guide to Trading in Volatile Markets

Trading in volatile markets can be a challenging yet rewarding endeavor. To navigate these turbulent waters successfully, it's crucial to understand the dynamics at play, and one of the key tools for doing so is the VIX...

Trading based on fundamental analysis

Fundamental analysis has been used for decades by investors wanting to identify the factors that can have an impact on asset values. Such...

How to Trade Cryptocurrency Like a Boss

In 2009, bitcoin was relatively worthless, and as such, nobody was interested in knowing how to trade bitcoin. But a decade down memory lane, cryptocurrency is...

What New Crypto Coins Are Coming in 2022

The crypto industry has experienced an eventful 2021. The world's largest investment funds are actively investing in various crypto assets...

How to Trade Stocks Online: A 5-step Process to Get You Started

Online stock trading can be confusing to the uninitiated, but newcomers looking to start their investment journey needn’t be put off. Here’s a 5-step guide to get you started...

Five Bitcoin Day Trading Setups to Help You Make Money

Bitcoin trading has become big business in recent years as people have realised that the new and emerging market place is one that has the potential...

Should you be shorting Bitcoin in 2022?

Bitcoin skeptics and opponents have criticized crypto since its inception, and its association with dark web dealings didn’t help either. There’s also the issue of extreme volatility...

Can ChatGPT trade better than humans?

AI machine learning models are a hot topic right now, and ChatGPT is the name on everyone’s lips. Some believe AI will inevitably lead to millions of job losses...

Unlocking the Golden World of Trading: A Comprehensive Guide to Gold (XAU)

Gold (XAU), a timeless symbol of wealth and stability, has held its allure for centuries. Its shimmering presence spans from the grandeur of ancient civilizations to the sleek gadgets...

EOS: Where Will 2021 Take This Coin?

If you've considered adding cryptocurrencies to your trading strategy or investment portfolio, you've likely come across EOS. Is this altcoin worth your while?

FP Markets information and reviews
FP Markets
81%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Exness information and reviews
Exness
76%
Just2Trade information and reviews
Just2Trade
76%
FXNovus information and reviews
FXNovus
75%

© 2006-2025 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.