When it comes to investment, you have to realize that each sector has its importance. An ideal investment option is to understand how much percent of your money should go to a particular industry. For example, an experienced investor will not put money in one sector alone. Some percent of the funds will be in stock markets, some in forex markets, a fixed amount in banks, bonds, etc. With the emergence of new technology and investment options, people have more avenues to explore their investments. One such new arena is cryptocurrencies.
If you are keen to know more developments about cryptocurrencies and related articles and analyzes, you can start reading crypto-specific financial publications and websites. You can follow crypto news at Fastbull to get insights into the emerging equations and several aspects of cryptocurrency trading.
In this article, let’s understand the advantages and disadvantages of investing your hard-earned money in cryptocurrencies.
When you invest in stock markets or forex markets, prices will be volatile, but it is challenging to predict volatility in cryptocurrency trading. If the price of a cryptocurrency like Bitcoin goes up by five percent, it can drop by another 10 percent the next day. When you are investing in stock markets, they are regulated by the exchanges. Still, there are no regulators in the case of cryptocurrencies, and the governments also have no control over them. Besides, there is a possibility of hacking into cryptocurrency exchanges and stealing your digital currencies. It is easy to buy cryptocurrencies like Bitcoin or Ethereum from popular cryptocurrency exchanges. Still, many investors don’t like to keep their assets in exchanges due to their apprehensions about safety. Considering that not many governments are wholeheartedly accepting the spread of cryptocurrencies, some nations could intervene in the activities of exchanges, putting your investment in jeopardy. Though hardware wallets are available for keeping your assets safe, you will have to ensure that you don’t lose the private key. If the key is lost, you will be unable to get back the currency.
Investors are aware of the popular cryptocurrencies such as Bitcoin and Ethereum. But the investors should also understand that there are around 20,000 cryptocurrencies in the market now. With no regulator and government control, an investor can’t assess the safety features of a new currency in the market. The intention of some of the currency operators might be to cheat people with their offers. There are many reports of scams related to new cryptocurrencies. So, you need to study more about the reputation and history of the currencies you want to buy.
If you want to invest in cryptocurrencies, you can allocate some percentage of your investment to buy reputed coins. For example, if you’re buying Bitcoin, you can consider it a long-term investment. With the prices of cryptocurrencies fluctuating, you can buy when it comes down. Bitcoin, regarded as digital gold, is the most popular cryptocurrency in the market. Despite its high price, investors buy the currency hoping that it will appreciate further in the future. Besides, there are only lesser than 21 million Bitcoins in the market, increasing their scope of appreciation in the upcoming years because of their limited supply.
On the other hand, the central banks of nations will print currencies according to the demands, increasing the possibility of depreciation in their value. Similarly, many investors prefer buying Ether due to its connection with Ethereum’s global platform that provides decentralized applications (dApps). Some other platforms, such as Avalanche, Solana, and Polygon, provide tough opposition to Ethereum. So, if you are looking at long-term investment in cryptocurrencies, invest in reliable currencies that can offer you good returns in the future.
If you don’t like to invest your money for the longer term in the cryptocurrency market, you can try the short-term option. Such investors intend to make good profits by utilizing the volatility in cryptocurrencies. Many short-term traders prefer Dogecoin for making profits because of the currency’s volatility history. Another strategy by investors is to buy during price crashes and sell once the market recovers. During a bear market, the prices of some cryptocurrencies have a history of falling more than 80 percent several times. It can be a buying opportunity for many short-term investors.
If you consider cryptocurrency investment a high-risk option, you can avoid investing directly in the market. Instead, you can opt for investing in stocks that deal with cryptocurrencies and platforms. Some of such companies are CME Group, Coinbase, Block, etc. Besides, investors need to update themselves with the latest developments in the cryptocurrency market. If you are unaware of what’s happening with the crypto sector, it will harm your prospects of understanding the new and emerging trends in the industry.
Here’s Everything You Need to Know about Non-Fungible Tokens
You may have heard of non-fungible tokens or, more likely, about these mystical treasures called NFTs. Fear not friend: the following article will explain what NFTs are, what they’re about, and what they are related to.
This, fundamentally, is what NFTs are all about. Consider, if you will, the Mona Lisa, a priceless piece of artwork by just about anybody’s standards. Anyone could take a picture of it, and any highly talented artist could paint a copy of it, but these would never be as valuable, because they will never be the original painting created by Leonardo da Vinci. “Artworks”, therefore, are fundamentally different from items with templated artistic designs, such as bank notes, which are designed to be copied on mass. These are what are known as fungible, i.e. replaceable and mutually interchangeable. Original artworks, however, are non-fungible, in that they are unique and irreplaceable.
How this Applies to Digital Artwork
Some of you might remember the viral YouTube video Nyan Cat, first uploaded in April 2011. The fact that Nyan Cat has been copied and downloaded millions of times over the past decade, however, does not change the fact that the original animation was created by someone, in this case a 25-year-old man from Dallas, Texas called Christopher Torres. As the originator of the meme, there is a level of ownership attributed to the success of that post. However, unlike the Mona Lisa, Nyan Cat is not made of paint but of computer code, and so authenticating the originality of the work takes more than a physical signature provided by the artist.
Where NFTs Come In
Non-fungible tokens (NFTs), are, in essence, digital signatures attached to original code or software, consisting of digital data stored in a blockchain, i.e., a form of distributed ledger. They are relatively easy to create but are uniquely identifiable. Alternatively, one can simply buy NFTs from online suppliers from various sources. This helps to provide financial security for the originator of that data, whether that be an mp3 or mp4 file, a jpg, or more advanced directories and files like those of a computer game program. Whilst NFTs do not necessarily grant intellectual property rights in a legal sense, as it does not necessarily restrict the sharing or copying of digital files, they nonetheless are a recognized form of providing public certification of authenticity or proof of ownership.
Why Do This?
If you were to ask Chris Torres about the lucratively of having an NFT on a simple animated gif that just so happened to go viral once, then he may tell you that in February of 2021 he created an updated version of Nyan Cat, selling this as an NFT for 300 ether (Ethereum, a native cryptocurrency), which at the time of sale was roughly equivalent to around 587,000 US dollars. Moreover, considering that NFTs can be bought and sold, just like priceless physical artworks, there is no telling how far that price tag may skyrocket if Nyan Cat finds itself written into the pages of internet history.
Discover VGX and BRISE Tokens
Today’s article is devoted to getting to know two well-known crypto platforms. More detailed information about them will help you plunge into the world of cryptocurrencies.
The Voyager Native Broker Token (VGX) is a liquid, functional token that will provide value and utility to the entire Voyager ecosystem, including trading, storage, and wallet products. Tokens can be placed or used for various purposes, which greatly improves the customer experience. By holding VGX, users can take advantage of holding their own keys to their crypto funds (“your keys, your coins”), as well as being able to quickly trade their crypto assets.
Voyager complies with state, federal and international regulations and actively cooperates with regulatory authorities to maintain the highest standards of compliance.
By using the broker’s own VGX token, the user gains significant value and benefits. As part of Live Trading, the ability to trade from its own storage, the VGX token will enable instant blockchain transactions, allowing users to execute split-second trades directly from self-storage wallets. As part of Live Trading, VGX holders can use tokens to pay fees and receive discounts.
It is necessary to keep track of the VGX price, as the market does not stand still, so in order not to miss important details, hurry up the trusted site LetsExchange.
In addition to the discounts clients receive on withdrawal fees and real-time trading fees, clients will be given access to a unique reward system based on VGX token ownership. Clients can not only trade commission-free, but they can also get money back every time they trade.
Voyager is one of the few brokers that offer block-free interest-bearing accounts along with competitive trading offers. Users are provided with basic interest rates with the possibility of increasing interest due to the functionality of the tokens.
In addition, the VGX token provides users with additional rewards, benefits and advantages. As Voyager adds products such as debit cards, margin, credit, and integrates a universal wallet into Voyager apps, VGX token holders will enjoy additional benefits.
Bitgert is a crypto engineering agency that specializes in blockchain products and audit solutions.
The platform uses the DeFi protocol and is built on the Binance Smart Chain (BNB) blockchain. It was launched in July 2021 and initially used BNB tokens to pay rewards.
The BRISE coin is used as a peer-to-peer means of payment in the BRISE dApp Wallet, which does not charge any transaction fees. This allows both the seller and the buyer to interact directly without the involvement of a third party.
The platform also implements the concept of buyback of cryptocurrencies, and thus “holding the BRISE coin becomes more attractive.” The buyback policy gives investors more reasons to buy and hold cryptocurrencies, which stimulates demand and, accordingly, increases its price. BRISE price can be tracked on our special website, which shows you all the necessary statistics at once
Each transaction is subject to a 5% repurchase tax, which is withheld in the smart contract. If a sale occurs, a portion of the repurchase tax paid is used to purchase tokens from the liquidity pool, which are immediately burned thereafter.
Explore the market, and our site will help you find updated and relevant information about all the changes in the crypto ecosystem!
What Is Inflation and How Does it Work?
Inflation is commonly talked about in everyday life. It is frequently referred to by politicians, so it should be a term that everyone feels comfortable discussing. But how many people actually know what inflation means and how it affects their day-to-day living costs?
An increasing inflation rate is not always an entirely negative prospect as it can present the perfect time to invest in online foreign exchange. Especially as the inflation rate differs between countries making certain investments more appealing.
Inflation is defined as the rate at which prices increase over a certain period of time. This is reflected in everyday life as an increase in the cost of living due to retail prices rising for certain products. As the prices of goods rise, this will decrease currency value, as money is unable to buy the same quantity of products as it used to.
Inflation is difficult to predict and does not occur at a fixed rate. In certain situations, deflation can occur where the cost of goods will decrease as the value of currency increases.
Causes of inflation
There are many different reasons why inflation occurs and it should not always be seen as harmful. Small, controlled increases can result in economic growth so can be positive. However, larger increases can be detrimental to the cost of living once growth starts to exceed demand.
A rise in the inflation rate is not always due to one factor. Instead, it is not this simple and can be the result of a combination of factors.
Consumer demand can drive inflation if there is increased popularity of a specific product or service that is unable to meet demand. This will drive up the cost of the goods as prices increase due to insufficient volume.
Demand-pull inflation can also be affected by an increase in the amount of money in circulation. This causes an increased demand for products that will push prices up as consumers have more money available to spend.
Any increase in production costs or the raw materials required to produce goods will result in cost-push inflation. Consequently, the cost of the final product will increase as the increased production costs are passed on to the consumer, enabling businesses to maintain profit margins.
Devaluation can also contribute to higher final product prices as exported materials become increasingly expensive to buy.
Increases in employees’ wages can have a knock-on effect on the price of products and services. As businesses spend more on wages, they may have to increase their prices to minimize the effect on their profit margin. At the same time, there will also be a rise in the increased demand for goods as people have more money available to spend.
Any demand-push will increase the cost of goods and result in an increased cost of living. People then expect an increase in wages to meet this rise, creating a cycle that drives increasing costs.
Inflation must be measured to determine the impact that price changes are having on economic growth. It is not easy to measure inflation, but there are a variety of ways to quantify this rate of growth.
· Consumer price index
· Wholesale price index
· Producer price index
Every month the US Bureau of Labor Statistics publishes the consumer price index, and this is the most common measurement used to determine inflation.
Consumer price index
The consumer price index is calculated by looking at how much the average retail cost of a basket of goods and services changes each month. This basket contains products and services that the average household will commonly purchase. The contents of the basket generally stays the same, with only the occasional outdated item being removed and changed for a more up-to-date version.
Alternatively, the wholesale price index can be used to measure inflation. Instead of looking at final product prices, the wholesale price index monitors the changing cost of raw materials over a specific period of time. If the wholesale price index is not appropriate, the producer price index can be used. This keeps track of changes to the price that products sell at.
It is very difficult to control inflation, but the government tries to keep levels manageable. To provide market stability, a 2% increase is usually aimed for. This helps businesses make predictions about future spending and employment levels.
However, there are limited methods that can be used to manage increasing inflation rates.
· Price control, with caps on certain products and limits on wage increases.
· Contractionary monetary policies aimed at slowing economic growth by increasing interest rates.
Controlling the rate of inflation is a balancing act, as too much growth can devalue a country’s currency but a small amount can encourage consumer spending. Imports and exports are also affected by inflation changes, so there are many factors to take into account when looking at inflation and changes to the economy.
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