Cryptocurrencies and their considerations for this year 2022 Today cryptocurrencies have evolved so much that they have become something ver...
Cryptocurrencies and their considerations for this year 2022
Today cryptocurrencies have evolved so much that they have become something very common and widely accepted around the world from investment, and payment methods to paying for a simple sandwich and are accepted by large recognized banks such as PayPal, despite this great recognition and value that cryptocurrencies have worldwide, there is little security and balances for the trader or the person who decides to handle them.
The (CFTC) or Commodity Futures Exchange Commission is in charge of having a certain balance with the trading of futures in cryptocurrencies and the related markets, on the other hand, there are other entities such as the Securities and Exchange Commission and the Initial Offers of Coins which are in charge of the balance in the investments of the cryptocurrencies.
The balances and aspects to take into account of the current cryptocurrencies
In the world of cryptocurrencies we are used to finding enough coins to choose from and in which to invest, many of these cryptocurrencies do not work, others are acquiring levels gradually rising (such as Dogecoin) each year, as there are even currencies which go from being worth $0 to be worth $1000 USD and vice versa, to understand more clearly why this happens in the financial market, these aspects must be very clear: what volume and volatility mean in the world of trading.
The volume
The volume is the number or quantity of assets which enter to negotiate, buy or sell at an estimated time, an asset with little volume shows that there is no interest on the part of the traders to buy or operate with it, so selling this asset type is often more complex and estimated returns and earnings may not be reflected.
The volatility
Volatility is the probability or better said "luck", in which an asset experiences both increases and decreases in its price and likewise its value, by knowing and taking into account what volatility means, it is easier to recognize the assets and This is crucial since when you invest all your capital in a cryptocurrency that today may have a great price and value and tomorrow may not.
Invest for the long term
If you want to invest in Bitcoin and cryptocurrencies this year, a great tip to follow is to invest for the long term, and why? Let's take an example:
Around 4 or 3 months the value that Bitcoin had was quite high, despite the fact that this cryptocurrency had moments of ups and downs, it always tends to have an upward trend, so the assets will be worth more in a few years Now, this also varies between the supply and demand that the cryptocurrency has, similar to trading crude oil in this case.
How to start investing today
The most used and recommended strategy today is to invest a small part of your capital in cryptocurrencies, from investing 200 USD each month in cryptocurrencies that give you the most security and confidence. It is not necessary to know everything about the cryptocurrency of your choice to invest in it, what should be necessary is to study that cryptocurrency and be aware of what is happening with it in the financial market, so that with this you can make good decisions about your money and secure your investment in a good way.
Tip: If you plan to trade without any strategy, you are not investing but leaving everything to chance and taking risks with your invested capital, however, it is true that cryptocurrencies are volatile and more new coins are given every day, of course, every one with its own characteristics and different operating system.
It is quite important that you carry out an analysis of what technology and what purpose is behind the cryptocurrencies of your choice and see if it is striking (it has volume and volatility) or not, the trick will always be to be very attentive to the changes that the cryptocurrency presents. financial market.
