Thursday, August 3, 2017
Trade cryptocurrencies with Etoro
Cryptocurrencies have taken investment community by the storm.
What is a cryptocurrency?
The term might be relatively new to an average trader or investor, but basically it is a currency in which encryption is used for generation and transfer of funds and that is done outside of central bank regulation system.
So, we may say that cryptocurrency is an alternative currency and a financial instrument that can be used for investment and also for purchases and payments across the world. Of course, it is not accepted as a universal payment method everywhere, but the popularity of payments using cryptos is getting more and more popular.
There is a story circulating in internet how a developer of the currency paid 10 thousand bitcoins for two pizzas in 2010. Now, 10 thousand bitcoins would be worth 20 million US dollars. Wow! If you look at a chart of Bitcoin you will see that the price of the security increased 5 times over the last year. Another wow! You never know what can happen with your investments. Obviously, you can lose too, but there is a tendency with new financial instruments that are traded in the market to increase hundred times, sometimes thousand times in value.
( From 500 to 3000 in just one year)
Today, these crypto currencies surely record bigger changes than most financial instruments and present opportunities as well as risks, but there hardly re any secure investments nowadays, that would guarantee you safe profits year in and year out.
If you got interested and would want to try trading cryptos I would recommend using Etoro trading platform. They are currently offering 6 cryptos: XRP, LTC, ETHEREUM, ETC, DASH and finally BTC or Bitcoin.
Trading financial markets carries a high level of risk, and may not be suitable for all investors. All information on the blog http://trend0.blogspot.com/ is of educational nature and cannot be considered as advice, recommendation or signals to trade in any financial markets.