Cryptocurrency

Five Ways You Can Invest In Cryptocurrency

Investing money that you do not need immediately is something many people are looking forward to. Whether it is about shares, real estate or consumer goods, people have always been looking for investment opportunities to grow their assets. One of the most recent major trends is investing in crypto. They have been around a decade now (at least for  Bitcoin) and have already brought in quite a few extra millionaires. Crypto were seen a few years ago as the alternative to existing currencies. And very many see crypto as an alternative to many insurance types such as the final expense life insurance for seniors. Although this is currently not so bad in practice, there are various ways to invest in it. Here are more ways to invest in crypto.

Ways To Invest In Cryptocurrencies

1. Trading in crypto

The most common way to invest in crypto is by trading. This is also called crypto trading or trading. Trading in crypto is fun because you are really active in buying and selling. Keep in mind that it takes time to get to know and follow the market. This is necessary to reduce your chance of losing and to increase profit. So first do a good research on the different coins to assess the profitability. Buy the coins that you expect to increase in value through a trading platform, and save them in a wallet. Then wait until they increase in value and sell them for a profit.

2. Invest for the long term

Another option to invest in crypto is to purchase it for a longer period. Although some people dropped out after the big fall in the value of Bitcoin in early 2018, this currency has again shown steady growth this year. And given the high point at the end of 2017, there is still a lot of potential in this. Buying Bitcoin can therefore certainly yield a nice profit. In addition, there are also plenty of altcoins with potentials, such as Ripple, Ethereum, NEO and Cardano. Although no one can predict exactly what the value of cryptos will be in the future, there are great expectations among some connoisseurs.

3. Invest in STOs and ICOs / IEOs

Another way to try to grow your assets is by investing in STOs and ICOs or IEOs. Behind these coins are real companies, unlike with digital coins. An STO (Security Token Offerings) is a share in an organization or is entitled to a portion of the profit. You can see it as a sort of IPO on the blockchain. An ICO (Initial Coin Offering) or IEO (Internal Exchange Offering) is a crowdfunding project within the blockchain industry. At an ICO you can buy coins via the platform of the blockchain project itself, while you can buy an IEO via a crypto-exchange.

4. Invest in a mining company

Crypto must be loved. Computers verify transactions and record them in the blockchain. By making complex calculations, your computer receives a reward for this. A few years ago it was still interesting to mine. These days, mining requires more and more computing power. In addition, it is almost no longer profitable due to the high electricity costs. You can, however, invest in a mining company that collects money to realize computing capacity.

5. Invest indirectly through a fund in crypto

The investment opportunities mentioned above as the first two, in particular, are difficult. You have to keep an eye on the price and decide when you want to buy or sell. To make investing in crypto easier and more interesting for institutional investors and, for example, investment funds, there are now also more ready-made solutions. An example of this is an ETN (Exchange Traded Note), with which you can invest in crypto without owning it. The development of this has only just begun, but it could well become popular.

We are only at the beginning of the blockchain and crypto revolution and there are still plenty of opportunities to make money. By the way, always keep investing wisely. A large part of the crypto market is not regulated. Your profit can be high, but your loss can also be large.

Posted by Laney Seward in Cryptocurrency

Crypto Insurance – Why It’s Needed And What Concerns Insurance Providers

An insurance policy or coverage is a measure taken to avoid financial loss which is offered by an insurance company, an insurer, an underwriter or an insurance carrier. It is a type of risk management wherein it is mainly utilized to protect against the possibility of contingency loss or any uncertain and unforeseen financial loss.

For instance, a motor trade insurance is an insurance policy that safeguards someone involved with car dealing as a business or a profession, which could be a part-time or full-time occupation. Regardless if you are sole trader or a Limited Company and employ workers, traders insurance is needed. A motor trader could be a valeter, a car mechanic or individuals selling automobiles as a side income. A motor trader insurance’s focal purpose is to ensure you are lawfully covered, wherein the least insurance policy mandated is a policy on Road Risk Motor Trade alongside a Third Party Only policy.

Cryptocurrency Insurance Can Be A Huge Industry

With the prevalence and maturity of the market of cryptocurrency, it has been getting the attention of numerous players from various industries, the insurance industry being one.

As per a report by Bloomberg, crypto insurance is primed to be a huge opportunity. A spokesperson from one of the leading company of insurance provider, Allianz, stated that the company was looking into product as well as coverage preferences in the cryptocurrency space since digital currencies were turning out to be relevant, significant, as well as prevalent on the actual economy.

Why The Need For Insurance In The Cryptocurrency Space

At present, the crypto business wherein it largely comprises of startups as well as exchanges isn’t large enough to give the insurance industry considerable revenues.From publicly available data, even Coinbase, the biggest cryptocurrency exchange in North America, just holds 2% of its digital coins covered with Lloyd’s of London, wherein they are kept in hot storage whereas the remaining is cut off from the internet. Other than that, no other information is available regarding the status of their insurance.

What Concerns Insurance Providers

When volatility or instability of the crypto space is considered, coverage for cryptocurrencies is of importance. The rapid rise in valuation of cryptocurencies especially bitcoin, has brought about massive online thefts on digital wallets as well as exchanges. However, insurers are posed with distinctive challenges by cryptocurrencies. Insurance premiums, usually, are grounded on historical data which cryptocurrencies lack. Volatility or instability in valuations could likewise have a bearing on premiums since it trims down the total quantity of coins being covered or insured. Furthermore, regulatory ambiguity as well as lack of surveillance and management at crypto exchanges could further make matters more challenging for insurers drawn to offering insurance services to the crypto industry.

Posted by Ned Queen in Cryptocurrency, Finance

Forex Trading And Cryptocurrency Trading

Currently, there are various ways as to how individuals trade forex, such as the use of forex vps, as well as other assets in the industry of finance. With the launch of numerous digital currencies via the blockchain technology, the platforms for trading have taken an entirely different stance.

In recent past, traditional forex trading platforms have encountered several hitches and challenges. However, the key appears to be provided by the range of available digital currencies running on the platform of blockchain technology. So as to completely understand this, it is vital to know what a blockchain is.

It has been mentioned several times in different industries, the blockchain technology is a series of blocks linked together and is made accessible via a public ledger. This public ledger is circulated among crypto users on the technology’s network which is quite advantageous for numerous reasons, such as data security, swift transactions, global reach as well as better financial security.

Forex Trading

The market of foreign exchange is the hugest global market that is decentralized where various currencies are traded from various individuals across the globe. Via the numerous platforms for forex trading, over 5 trillion US dollars traded daily. The forex market is the most liquid in the globe.

By means of forex trading as well as its numerous platforms for trading, there are opportunities for investment that encompass the profitability of involved participants. From a newbie, you could fully turn into a professional trader in a short span of time. To achieve this, an online platform for forex trading is needed.

Cryptocurrency Trading

Different from traditional currencies or fiats, cryptocurrencies (digital currencies) are completely decentralized and operate on the platform of the blockchain technology for diverse uses. Cryptocurrencies aren’t controlled or dominated by whichever central administrator increasing the usefulness, efficacy and use of these cryptocurrencies.

Crypto trade is very distinct from the conventional method of trading, since digital currencies are traded instead of the usual fiat currencies through crypto trading platforms that runs on the platform of blockchain technology as well.

It is a potent skill to learn to trade cryptocurrencies. Generating a profit on platforms for forex trading is essentially depended on difference in values, on the other hand, cryptocurrencies as well as other digital assets are known for their volatility where values always change. Therefore, you have to know and understand which crypto to buy and sell, when and at what price to generate profit.

Trading Crypto On Trading Platforms

Comparable to the traditional forex trading platforms, crypto trading platforms are used for the trade and exchange of digital currencies. Cryptocurrency trade is done between two factions by buying or selling other cryptocurrencies or by exchanging crypto with fiat currency. All these are possible depending on the platform for trading as well as its policies.

Posted by Ned Queen in Cryptocurrency, Finance