To say that the price of bitcoin
and other cryptocurrencies has been volatile would be something of an
understatement. The price of Bitcoin
especially has skyrocketed on some days and crashed and burned on others. Losing
30% of its value is a regular occurrence, it’s not something to be feared as it
usually recovers within a few days and the upward trajectory seems pretty
It is however a somewhat of a
newbie mistake to panic when the price starts plummeting, this is been demonstrated
on various websites like Coinbase which is frequented by a lot of newbies who
have got into Bitcoin because of the rising value and FOMO (the Fear Of Missing
Out) without really understanding what’s going on. They jump in buying $5,000
worth of Bitcoin and then panic when the following day the value of Bitcoin
halves over 20 minutes. They panic and jump onto the Coinbase website and
attempt to sell their holding before they lose everything. This causes a couple
of things, firstly it makes the price drop even more and secondly it causes
Coinbase to almost grind to a standstill because the volume of traffic has gone
up 100 fold of its usual volume.
It is of course this volatility
that causes certain commentators to complain the Bitcoin is just a bubble and
will burst any time soon, on the other hand it’s also this volatility that
allows some of us who actively manage our Bitcoin holdings to make even more
profit. As the best time to buy Bitcoin is when the price has dropped by 30%
because when it recovers to what it was the day before the price will have gone
up by nearly 50% giving us a solid 50% profit.
Of course there is always the
slight nagging doubt that some have that this whole thing may really just be a
bubble and go pop at any point. But this goes back to my point – never invest
more than you’re prepared to lose! If you’ve made a good percentage, take out
some of the cash you put in and put it back into your savings account. At some
point soon you’ll be using just the profits you’ve made investing in cryptos,
even if does bubble pop, you won’t have lost any ‘real’ money!
Sports trading is just like stock trading. Instead of buying and selling shares of company, we buy and sell bets on sporting events. The real beauty of sports trading is that we don’t care who wins or loses the event. Just if the price moves. Because of this, we don’t have to pick winners to be a winner.
A stock traders main aim is to buy low and sell high. The principles are exactly the same in sports, but we lay low and back high. Making a profit, regardless of the result. If you match the bets and outcomes against each-other, you’ll see how it’s a profit.
Sports exchanges work just like any other financial markets.
Traders from all around the globe use the exchange to place bets with each other. Betfair acts like a referee. By taking real-time information from thousands of football matches, horse races and other sports, Betfair makes sure the winners get paid and the losers pay up. For providing this service, Betfair take a 5% cut on all winning bets.
When you place a bet at a traditional bookmaker, you are (almost) always placing a back bet. This means that you are betting that something will happen.
By accepting your bet, the bookmaker is effectively placing a lay bet. They are betting against you that your outcome won’t happen.
Using a betting exchange such as Betfair, allows us to place both back and lay bets. By doing this multiple times, we can produce a guaranteed profit no matter what the outcome.
Q is tomorrow’s payment network. To get millions to join, they are giving away their future currency. Initiative Q is reserving this Q currency for people who join today — the earlier you join the more Q you can reserve!
Today’s payment systems (credit cards, cash, wire transfers) are old and outdated, which means we’re all bearing unnecessary costs.
There are many advanced payment technologies and innovations waiting to be deployed. So why don’t we already have newer, better systems? Because there’s a “chicken and egg” barrier — no buyer will join a new payment network with no sellers, and no seller will offer a new payment option that no buyer uses.
No absolutely not! Depending on which experts you ask, the value of Bitcoin will rise to between $500,000 and $1M in the next 2-5 years. This also doesn’t take into account the new cryptocurrencies that are out there (1400+ at last count), which are trying to gain market share. Most of those currencies are still worth less than $1 so have massive room to grow generating spectacular profits.
All the doom & gloom that surrounded the price drops in December. On the 10th Jan the price of VIBE (a live music-centric digital currency) rocketed from 43c to $2.42. That’s great and it’s what everyone focuses on, as it’s a 500% increase, a pretty sweet increase. But look at the increase from the 18th Dec – 7th Jan, from 5c to 50c. That was a 1000% increase, and the buy-in cost was ⅛ the price!
Every time someone has said “Well, it’s reached its peak now!”, Crypto prices have surged again. Yes, they are highly volatile, yes they can swing by 30% in one day, and as we have seen recently there have been some major crashes but the only way is up for the next few years.
Even if you buy now and just hold the coins, there is great value to be gained. But if you’re prepared to work at it, there are enormous profits to made over the next 3-5 years. After that, simply having a huge fund of cryptocurrencies in your possession will give you an enormous advantage over the general public.
Cryptocurrencies are far more popular these days and some people are wanting to keep on the crest of the success. You need to ensure your security measures are up to date especially for your wallets and other portfolios you may have in your investments.
There have been several reported attacks of some crypto wallets. You need to be very careful in times of anything goes. Thankfully, most crypto platforms have built-in security measures which you can take advantage of.
The onus also likes on Technology Specialist, Christopher Freville to keep customers crypto investments safe and secure. A number of measures can be taken to keep your wallet safe from would be offenders. Once they have access, you may never be able to recover your funds so make sure you take pre-emptive action.