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Five reasons you should know to invest in Cryptocurrencies
Why there is such a difference among classes based on money well; it's not being biased, it's about what a multimillionaire thinks that others didn't think, i.e., how to make money from money, and that's where investment comes from the process of earning from our own assets. When we listen to the term investment, we got confused and scared because sometimes investments turn out risky too, but every big step and judgment are taking risks. Here we have a new future of investments which astute well know, and that is cryptocurrency instead of stock and full of risk and big investments; crypto provides a vast and less risk field so let's get into the prerequisites of getting into the crypto world.
As a relatively new market for investors, It experiences significant volatility because of a huge amount of short-term speculative analytical interest. For example, between October 2017 to 2018, bitcoin's price increases to $19,378 and then fell to $5851.The volatility of cryptocurrencies makes the market more exciting.
The market trade is available for 24 hours and seven days a week. Its transactions are done among individuals on the currency exchanges all over the world. However, there may be periods of downtime when the market adjusts to infrastructural updates, or 'forks'.
With IG, you can trade cryptocurrencies against fiat currencies – such as the US dollar –from 4 am Saturday to 10 pm on Friday (GM).
The ease of converting it into cash makes cryptocurrency the most illiquid because the transactions are dispersed between multiple exchanges, which means small trades can have a huge impact on the market. This also means your trades can be executed fastly at lower costs.
The profit or loss you make with your cryptocurrency trades will reflect the full value of the position at the point it is closed, so trading on margin offers can provide you the opportunity to make large profits from small investments; in other words, you can gain a large exposure. Of the market, while tying up your small capital.
Faster work on account opening
When you are cryptocurrency trading, you need to have access to the exchange directly because it is supposed exposed to the underlying market on your behalf. In fact, you can start trading in five minutes, with a simple application and online verification.
Going into anything can make us learn something, and as said by Benjamin Franklin, "better investment in knowledge gives you the best interest" hence why not dive into the better future of crypto.