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Cryptocurrency will play a big role in our lives in the future

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The growth of cryptocurrency and blockchain

The interest in cryptocurrency is often referred to as the ‘digital gold rush’ attracting thousands around the world to invest in cryptocurrencies such as Bitcoin and others like Litecoin, Ethereum and Ripple.

The value of Bitcoin is linked to sentiment – whenever people rush to invest, the prices go up and when people decide to sell, the price goes down. This volatility has resulted in prices skyrocketing. In 2017, Bitcoin surged in valued from $830 to $19300 and is now fluctuating around $8,000. Other cryptocurrencies like Ripple and Ethereum are following a similar trend. This cryptocurrency rollercoaster has helped lucky investors to make fortunes.

Blockchain, the technology behind Bitcoin and other cryptocurrencies, was designed to facilitate, authorise and log the transfer of bitcoins.

How does blockchain technology work?

Blockchain is a shared database populated with entries that must be confirmed and encrypted. Traditional databases are owned by a central authority like banks and governments, but blockchain does not belong to anyone.

The impact that blockchain technology is having is similar to the impact of the internet in the 90s. As society becomes increasingly digital, financial services providers are looking to provide customers with more efficient, secure, and cost-effective services. Therefore, blockchain technology will become more applicable to our daily lives.


For More Detail : Cryptocurrency will play a big role in our lives in the future

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On 5/3/2018 at 12:17 AM, Markian said:

Cryptocurrecy is already getting involved into our everyday life. some countries are gradually integrating cryptocurrency and sort out the mechanisms of its work

We have to understand that when we are trading in the Cryptocurrency then we need to get our-self ready for the High Volatility that if offers and adjust our trading in that manner.

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On 1/12/2021 at 5:45 PM, Resolve said:

We have to understand that when we are trading in the Cryptocurrency then we need to get our-self ready for the High Volatility that if offers and adjust our trading in that manner.

You are right. Cryptos are great but we must not forget about the fact that they are very high-risk assets. We have to adjust so that we can take advantage of the volatility. Diversifying our portfolio also helps reduce risks.

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On 1/26/2021 at 4:31 PM, Dora Wi said:

You are right. Cryptos are great but we must not forget about the fact that they are very high-risk assets. We have to adjust so that we can take advantage of the volatility. Diversifying our portfolio also helps reduce risks.

When we are doing our trades in the Crypto currencies we have to remember this fact that the volatility present in the markets will be high so we will need to adjust our trades accordingly.

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On 1/28/2021 at 3:57 PM, Resolve said:

When we are doing our trades in the Crypto currencies we have to remember this fact that the volatility present in the markets will be high so we will need to adjust our trades accordingly.

Yes, definitely, and we also shouldn't blame the market for our difficulties. It is all about adaptation.

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On 2/2/2021 at 2:17 PM, Dora Wi said:

Yes, definitely, and we also shouldn't blame the market for our difficulties. It is all about adaptation.

We must try to understand that if the Trading system that is being used by us is Good we can get the Profits.

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18 hours ago, Resolve said:

We must try to understand that if the Trading system that is being used by us is Good we can get the Profits.

That's true, but in my experience we need more than just a good trading plan. Our adherence to the trading plan is also very important, and we need to learn about trading psychology and work on our emotional health to achieve that.

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For any types of people Forex trading is a perfect profession. Because there is no restriction like other business. It gives huge opportunity to earn huge profit if you can trade properly. The main object is to earn huge money from Forex business by every trader. My broker Tpglobalfx who give me best trading guideline. Now I have become a successful trader after following their instructions. I am enjoying my business.

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Some economic analysts predict a big change in crypto is forthcoming as institutional money enters the market. Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an alternative to conventional currencies. Some predict that all that crypto needs is a verified exchange traded fund (ETF). An ETF would definitely make it easier for people to invest in Bitcoin, but there still needs to be the demand to want to invest in crypto, which might not automatically be generated with a fund.

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Loosing money in forex market is a common matter. Most of the time it happens because of low knowledge about forex market. But sometimes it happens because of the assistant you have.  The broker you trust can be the cause of losses sometimes. So beside your high knowledge about forex market, it is mandatory to choose the best broker which can help you to reduce losses and gain profit. I am a trader with medium knowledge of forex. But In my trading, Forex4you helps me to take decision and helps me to choose the best option beyond emotion.

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1 hour ago, Jo Eshuijs said:

Loosing money in forex market is a common matter. Most of the time it happens because of low knowledge about forex market. But sometimes it happens because of the assistant you have.  The broker you trust can be the cause of losses sometimes. So beside your high knowledge about forex market, it is mandatory to choose the best broker which can help you to reduce losses and gain profit. I am a trader with medium knowledge of forex. But In my trading, Forex4you helps me to take decision and helps me to choose the best option beyond emotion.

If we are making a loss from our trades we must change our trading strategy.

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