Diversifying your portfolio means putting some of your money in high-risk investment vehicles. This can include crypto currencies.
Yes, agree. I believe that now digital currencies become some and more popular among people, and many of them turn to buying some coins/tokens. What's your opinion on that? Is it worth?
Everyone has a different investing/trading style. Not saying it won't come up from here but my strategy shows it's still bearish. As more information becomes available (volume/price discrepancies) my long term perspective may change. I posted on reddit at 18000 that I was looking for a pullback to 7000 for a possible entry. it went down to 6500 and bounce 2000 off that. I trade futures btw. I was wanting it bounce on low volume (lack of supply) but quite a bit of volume came in. My view is bearish still however i don't have any entry up or down at the moment.
Yeah, cryptos are very volatile and here it's like win-lose situation. Though I believe that in time they'll become more stable and for traders/investors it would be easier to watch the signals and behave accordingly
Cryptocurrency Scammers on the Loose – Since Bitcoin, there have been so many digital currencies that have developed with the aim of taking a share of the pie. Trading cryptocurrencies has come to be so lucrative for some that it has attracted throngs of buyers and sellers who are out to cash in on the phenomenon. The promise of large sums of money in profits is too tempting for scammers to let pass by. In any environment where there is a lot of money in whatever form changing hands, there is a group of individuals with ill motives that want to net a fortune without actually breaking a sweat. This is what is happening in the crypto market. These individuals have taken advantage of the many tokens in existence that have been created to competitively participate in the market to steal from other people’s digital wallets. The media has been awash with reports of fake accounts created on Twitter that target unsuspecting individuals with digital token give-ways that are too good to be true, for example.
Ethos Reveals Integration with Simplex – Ethos, a U.S. based crypto firm, has reported its integration with the Simplex service. Following the integration, Ethos clients will be able to access liquidity as well as exchange services between fiat currencies and the virtual currencies on a global scale. Simplex is an international instant fiat buying service that allows users to buy altcoin and Bitcoin (BTC-USD) using their credit cards or debit cards. It allows brokers, exchanges, marketplaces, and wallets to safely transact online. Through the integration, Ethos is planning to develop a financial scheme that is fair, safe and transparent for all its users. It aims to achieve this by exploiting the autonomy and the potential offered by digital currencies.
Stockholm IT Ventures AB (SITV), Valens Bank Deal to Boost Crypto Fund Trading – According to Torben Pedersen, director at Valens Bank, the firm will pay a 1.5% yearly license fee to BTT. The two companies intend to launch the toolbox later in September which can then be used by Valens bank’s clients. The director is upbeat that the software will “offer great value to clients and give pro-traders the market edge all are looking for.” Commenting on the utility of the software, he said, “We have made a thorough due diligence of the BTT software in live trading situations and are amazed by its performance.” For SITV, the principle objective of the partnership is to enable the firm to expand into digital services.
So in India, it's still not out in the market as our leaders find it unpredictable. Though a lot of my friends have bought cryptocurrency and I am still a bit reluctant,
Yes, and it's been the best experience of my life as when I was doing masters two years back. As you know in college we have some extra expenses too that we have to manage by ourselves. So one of my friends was into bitcoin trading he suggested me to invest in it and I made a lot of money at that time and enjoyed the final semester that I haven't even imagined at that time.
Investing in crypto currency can be a hit or a miss. As when I invested in bitcoin, I saw it's value dropping down everyday. But I didn't trade it, after a month or so it started to rise and reached its original value and even more. So, it can be a calculated risk if you start investing by small amounts and learn how it fluctuates.
I bought antminer at Asicworlds.com, the quality is very decent, and the prices are not high. Delivery is fast and no problem. Everything works just gorgeous.
I would say buying crypto now would be a really good idea, the next bull run is right around the corner.
