Things to know about crypto and cryptocurrency trading

 What is crypto or cryptocurrency? Cryptocurrency is a type of digital currency that exists electronically. There is no physical coin or bill unless you use a service that allows you to cash in cryptocurrency for a physical token. You usually exchange cryptocurrency with someone online, with your phone or computer, without using an intermediary like a bank. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrencies, and new ones are continuously being created.

Virtual currencies have gained in popularity since their introduction into the financial system a few years ago. Bitcoin, created by Satoshi Nakamoto in 2009, was one of the most successful ones for a long time. However, disagreements within the bitcoin community led to its recent schism and subsequent launch of bitcoin cash, and the appearance of other decentralised e-currencies are further fragmenting the digital payments landscape. For instance, the first “Sharia-compliant currency” was recently created in Dubai, pegged to the price of gold.

The increase in usage of virtual currency has encouraged people to get into cryptocurrency trading. Crypto assets are a high-risk investment, and trading them without a plan in place can often leadto a loss of invested capital. While most analysts would agree there is no “perfect” trading strategy, there are well-known methods that are well suited to beginners.

Specialists are worried about the lack of transparency around the issuance of cryptocurrencies, which is not regulated by any institution. In addition, many are suspicious of their true value and doubt the decentralised nature of the asset while crypto trading. In fact, there is a growth in popularity of Initial Coin Offerings (ICOs) - a modern form of IPO released by fintech companies to crowdfund new cryptocurrencies, which is pushing the price of virtual currencies upward. At present, around 20 ICOs are launched every month but,because there is no regulation or scrutiny, investors are often not properly informed and have often become victims of scams.

Cryptocurrency trading is a result of the world’s digitalisation, but their future depends on several factors including their stability, security, transparency, and user confidence. In addition, hacking attacks represent their most significant threat, which might ultimately lead to their full abandonment by wary consumers.

Cryptocurrency trading method is most effective in a highly volatile market (when prices are rising or falling sharply). When the market moves sideways, however, it can trigger multiple buy and sell signals as the two moving average lines converge and diverge more frequently. This usually happens when there is a lot of uncertainty in the market, and there is an equal number of bearish and bullish traders. This is the only problem with the trading strategy, but the average gains tend to outweigh any losses incurred from periods of low volatility. Again, this is a long-term strategy and works best over a period of at least 18 months and can be combined with other indicators to deliver better results.

All you need to do is find an appropriate platform. A correct platform will make your transactions smooth and convenient to use. This is where Bitkiox, world's first live autobot trading platform where investors can watch their investments in cryptocurrencies growing live right before their eyes, comes in.

Bitkiox brings innovative crypto trade tools at your fingertips! The right investment decisions in the cryptocurrency market can make you rich. Here, you can choose from a curated selection of investment packages. Bitkiox Autobots will continuously work on increasing the value of your portfolio by capitalizing on fluctuations in the cryptocurrency market, while you can track your investments grow live on the website.