• All about cryptocurrency trading
• All about cryptocurrency for beginners
• All about investing in cryptocurrency

All about cryptocurrency

Currencies used in online games to buy in-game assets like virtual land are called gaming tokens. Players can trade, purchase and sell in-game assets using these tokens, creating a real economy within the game https://newcasinos-aus.org/.

If you only want to buy cryptocurrency as an investment, you may be able to do so through your brokerage. For example, Robinhood allows users to invest in bitcoin and other cryptocurrencies, although you cannot withdraw them from the platform for purchases. In addition, there are several crypto ETFs that provide exposure to the crypto asset class without requiring the investors to maintain their own wallets. For instance, as of May 2024, investors may choose to hold Bitcoin futures ETF shares. The SEC has also approved the listing and trading of Ether spot shares.

Crypto can be a good investment for someone who enjoys speculating and can financially tolerate losing everything invested. However, it is not a wise investment for someone seeking to grow their retirement portfolio or for placing savings into it for growth.

All about cryptocurrency trading

The first mined Bitcoin cryptocurrency via the blockchain came into existence in 2009. By 2010, Bitcoin was tradable, with a market valuation of half a cent in May 2010 . From 2010 to 2015, the crypto market exploded with the creation of altcoins—competing crypto like Ethereum. Media coverage and increased mainstream exposure have taken the market to where it is today, which is still volatile but moving into a future where crypto is becoming more commonplace and, in some cases, used as legal tender.

Cryptocurrency traders use support and resistance levels to bet on the direction of the price, adapting as the price level breaks through either its upper or lower bounds. Once traders identify the floor (support) and ceiling (resistance), this provides a zone of activity in which traders can enter or exit positions.

The first mined Bitcoin cryptocurrency via the blockchain came into existence in 2009. By 2010, Bitcoin was tradable, with a market valuation of half a cent in May 2010 . From 2010 to 2015, the crypto market exploded with the creation of altcoins—competing crypto like Ethereum. Media coverage and increased mainstream exposure have taken the market to where it is today, which is still volatile but moving into a future where crypto is becoming more commonplace and, in some cases, used as legal tender.

Cryptocurrency traders use support and resistance levels to bet on the direction of the price, adapting as the price level breaks through either its upper or lower bounds. Once traders identify the floor (support) and ceiling (resistance), this provides a zone of activity in which traders can enter or exit positions.

At its heart, cryptocurrency trading involves buying and selling cryptocurrencies, just like any other trading you might know of, such as stocks, commodities and forex. Traders aim to make money by guessing the price movements of volatile digital assets. They exchange fiat money or other digital assets for cryptocurrencies on a crypto exchange and typically buy when the cryptocurrency’s value is low and sell when it peaks.

All about cryptocurrency for beginners

Bullish and bearish trends can also exist within larger, opposing trends, depending on the time horizon. Generally, an uptrend results in higher highs and higher lows, while a downtrend results in lower highs and lower lows.

Trades set up through this strategy could take months and sometimes years. It is an ideal strategy for investors favoring a more hands-off approach. This strategy is sometimes called ‘HODL’ (or Hold On for Dear Fife) in cryptocurrency. The term is derived from a play on the word ‘hold’ – to buy and hold. A crypto trader would invest in a coin or token and hold it even when the prices are plummeting. Such a trader would thus be called a ‘Hodler.’

All about investing in cryptocurrency

Crypto, or cryptocurrency, is a form of digital money founded on blockchain technology. It is encrypted and decentralized, which secures the currency and prevents its value from being manipulated by a government agency or central bank. The idea of cryptocurrency is that it is a uniform currency that can be used globally; instead of having different currencies in different nations, cryptocurrency retains the same value everywhere.

FA is the art of a trader using both economic and financial factors affecting a given asset to determine an asset’s value. Through FA, you will be able to know whether that asset is either overvalued or undervalued at the current valuation. If you can figure out that question, you can then decide whether or not to invest, when, and for how long a period you would look to keep the investment.

A complex and volatile cryptocurrency market is spectacular and full of potential but can also appear intimidating to entry-level participants. That’s why we put together a comprehensive and beginner-friendly guide for crypto investors.