Category Archives: Cryptos

Is it the right time to sell bitcoins

Is It The Right Time To Sell Bitcoins?

At the beginning of 2018, many people started wondering if now was the right time to sell bitcoins. They wondered this against a background of prices that first stopped rising and then started falling. The natural reaction to a phenomenon like this is to sell, especially if your bitcoins had already made a profit for you. If this is your decision then that is a fair enough and, as we have noted, a perfectly normal and fair reaction. After all, if you bought your bitcoin in the first place as an investment, then why not realise their value at a time suitable for you? However, if you have a more lasting interest in bitcoin then there are other factors which you may care to keep in mind before you contact your broker.

Many different people invest in bitcoin for many different reasons. Leaving aside those who use computer power and time to mine the currency, there are those who use bitcoin to purchase goods and services. These are the founders of, and true believers in, bitcoin, the people who are attracted to the idea of a currency that is beholden to no government or national economic policy and is unaffected by the decisions of central banks. Believers in these currencies without borders will perhaps be less inclined to sell their bitcoins since they do not view their holdings as investments or commodities in any way. If you are one of these people then now may be the time to sell your bitcoin, but probably only if another cryptocurrency has caught your eye, perhaps one that is closer to the original ideal.

Others invest in bitcoin as part of a balanced overall portfolio. If you are such an investor, then you will know that bitcoin is volatile and that its price behaves in ways that those of other equities do not. In fact, you may have invested in bitcoin because of this volatility, in the way that others invest in gold, another volatile item often used as a balancing factor. Is it a good time for these people to sell their bitcoin when it is doing exactly what they want it to?

Those who invest in bitcoin to trade it are those who will be asking themselves our title question most carefully. Yet even here there will be different reactions from different investors and to a degree, these will be split between the longer-term investor and those who are newer to the cryptocurrency phenomenon. The latter may have bought bitcoin during the currency’s wonderful year of 2017 when the price hike seemed endless and good publicity and confidence flourished. Such investors may find themselves in the position which we outlined in the first paragraph. Others, the longer term, more experienced investors in bitcoin, will have learned about the volatility of the product and will be less worried by the events of early 2018. Even so, the decision on whether they sell their bitcoins or hold them is a purely personal one.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.
The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

how to sell bitcoins online

How To Sell Bitcoins Online

The early days of 2018 saw bitcoin’s price falling and as an inevitable result of this, many people were wondering what was the best way of selling bitcoins online. Of course, if you have already entered the world of cryptocurrencies then you will have acquired somewhere to keep your currency, a bitcoin wallet and you will have already discovered a broker who will sell you your bitcoins. The process of selling the currency is in some ways a reverse of this and your broker will help you with the sales, for the usual commission. If you are not reacting to the events of the early days of 2018 and are instead interested in a more long-term investment in the world of bitcoin, then there are certain factors to bear in mind.

The first thing to say is that you should do your homework and do it thoroughly. Do not let your enthusiasm get the better of your cool, calculating aspect. Research the brokers who are available and find the one who best suits your strategy and who will enable you to achieve your long-term goals. Pay particular attention to the fees charged for the spread to open a position and also note which brokers charge for swaps if you decide to hold a position open at the end of the trading day.

As well as researching brokers, also learn as much as you can about bitcoin itself. You probably already have a fair idea of how it works, but turn this into a detailed understanding of the infrastructure and the technology behind it, paying particular attention to recent developments. Remember that bitcoin is in a state of permanent flux, with technical developments vying with publicity and confidence as pressures on the price. The more you know and the more up to date information which you possess, the better your chance of selling at the right time.

One of the most important aspects of your research should be into the past performance of bitcoin. A great deal of the dismay felt by the price drop in early 2018 was felt by those who we were new to bitcoin and who had not thus familiarised themselves with the volatility of the cryptocurrency. If they had done the sort of research which you will do, then they would have known that even during bitcoin’s miracle year of 2017 the cryptocurrency had been subject to extreme price swings over short periods. If you know how bitcoin has behaved in the past then you will be much more likely to be able to spot the difference between common short-term blips, a product of natural volatility and a major price slump, probably the result of falling confidence and the end of a particular bubble market. How you react to that and when you decide to sell your bitcoin, and when you decide to buy again when the price fall has made it an attractive option is up to you, but remember this fundamental truth. In the world of selling bitcoin, you can never have too much information.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.
The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Is It A Good Idea To Buy Bitcoins Now

Is It A Good Idea To Buy Bitcoins Now?

Bitcoin has always been subject to price volatility ever since it first appeared; a more recent development in the story of the world’s first and most famous cryptocurrency is reputation volatility, a factor which seems to have become especially prominent since the beginning of 2017. In that year bitcoin enjoyed success after success; the price rose through the psychologically significant $10,000 barrier and then in December, the $20,000 barrier. Futures in the cryptocurrency were proposed, various other signs of corporate acceptance appeared to be in the offing, and there was a torrent of positive publicity. It was in 2017 that people first began to talk about the inevitability of the success of this virtual currency.

If we move forward only two short months we find a very different picture. Bitcoin is no longer being spoken of as sure-fire success; in fact, is said to be dying or actually dead. The voices of caution active even in the 2017 year of miracles, who spoke of bubbles and even used the word ‘fraud’ on occasion, seem to have been vindicated as bitcoin loses 25% of its value in just three days. Observers compare what has happened to the dot-com bubble of the early years of the new millennium. We must, however, ask ourselves whether the voices of doom are any more accurate than the super-optimists were in 2017.

In fact, there is a cause for saying that bitcoin could be a good investment in early 2018, though this statement would have to be hedged about with many provisos. The sort of investor who helped the price of bitcoin sky-rocket in 2017 will probably not find the cryptocurrency to be an attractive investment now or in the near future. They may well have bought the cryptocurrency in the hope of tripling or quadrupling their investments in a few weeks, and they may also have been motivated by the Fear Of Missing Out or FOMO factor. Many of these investors have suffered losses and will not be back anytime soon.

However, there are many other sorts of investors. The true believer in the philosophy behind cryptocurrencies, who hopes to see nationless currencies without borders, owned by the users and not beholden to the political decisions of Central Banks, may well be relieved to see the back of the FOMO crowd. Similarly, the people who believe in the Blockchain technology behind bitcoin will not have had their faith destroyed, though they may well be suffering hardships from the abrupt correction in prices. Then there are the investors who use bitcoin to balance their portfolios, relying on the atypical behaviour of the cryptocurrency, in the same way, that others use gold to diversify their portfolios, may also feel that, now the dust has settled they can get back to using their favourite cryptocurrency in the way they did before the bubble. In fact, it may be a good idea to buy bitcoin, but make sure you have the right reasons to do so.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.
The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Why Bitcoins price drops

Why Bitcoins Price Drops?

In the early days of 2018, many investors were alarmed by the price drop in bitcoin and their perturbation was understandable when you take into consideration the events of the previous year, at least when they were examined on the large scale. Bitcoin had enjoyed a wildly successful in 2017, with great price rises and an avalanche of mostly good publicity. It even saw the introduction of futures trading in the oldest and most famous of the cryptocurrencies, along with increased markets for trading. People spoke of the success of bitcoin being inevitable and on the back of all these many first-time investors in virtual currencies dipped their toes into this market.
It was these investors who were most troubled by the price fall in bitcoin in January of 2018. To them, the price fall seemed inexplicable. More experienced investors in bitcoin were perhaps less concerned by the phenomenon because they were used to the inherently volatile nature of the cryptocurrency. Even during the halcyon days of 2017, there had been sudden and hefty price spikes and dips. This behavior has often been noted in bitcoin; indeed, some investors took advantage of this facet in bitcoin’s behavioral profile.

The sort of investor who uses gold as part of a portfolio, banking on the way that the precious metal differs from normal equities to balance their investments would not be unusually worried by the end of bitcoin’s price rise. Indeed, this was one of the reasons why they bought the cryptocurrency in the first place. As we have noted the concern about the price drop was more common among those who had recently climbed aboard the bitcoin bandwagon and with this, we perhaps come to one of the answers to the question posed in the title of this article. The reason the price of bitcoin dropped was that of simple financial gravity.

The price of bitcoin depends, to a large extent, on the confidence that is present among its investors. There is nothing unusual about this since confidence is an important factor in the performance of stocks, shares, and commodities of any price. However, bitcoin, a virtual currency which is mined by a computer, is especially sensitive to the groundswell of public opinion. Some cynical observers evoked past bubble markets, such as the infamous tulip mania of seventeenth-century Holland, when the price of the bulbs soared by 1000% in a month. Others evoked the pseudo-rule of ‘bigger fool theory’, which states that you can buy high and sell higher providing the ‘bigger fool’ of the name is present to keep up the buying chain. This is a rather cruel and unflattering description, but it carries within a kernel of truth, and also an explanation for the price drop. The continuous rise based, for the most part, on good feelings and optimism must come to an end eventually. In terms of the gravity theory, what has gone up is bound to come down as excitement dies away. The cynics might remark that the ‘bigger fools’ have wised up.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.
The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

cryptos

How To Buy, Store And Spend Your Cryptos Securely

The rise in popularity of cryptos has been one of the most notable features of the last few years and even if you have never had any interest in investing in these new currencies, you have perhaps asked yourself the question posed in the title of this piece. Just how do you buy, store and spend your cryptos? Perhaps before answering that we might wonder, briefly, at the popularity of such currencies. Many, who originally invested in bitcoin and others, did so for the reason that other invested bought gold. That is because it was a time of fear and anxiety among more traditional investments and currencies and the crypto-currencies were seen as a safe haven. As time has gone by others have invested in the new currencies for the same reasons that other types of investors also buy gold – to ask as an agent of balance in their portfolios. Others simply own the currencies because they can use them to buy things online. So, there are many reasons to own these crypto-currencies.

How to buy cryptos is at one level a very simply answered question. You buy cryptos like anything else; with cash from a place that sells them. Then, also like more conventional money you keep your crypto-currency in a wallet, which is the name given to your digital account. You will exchange one of the more generally recognised, so-called fiat currencies, such as your pounds, dollars or euros for the crypto of your choice and you will probably do this at the exchange. As the name suggests an exchange is a form of stock market for crypto-currencies. Remember here, that the crypto-market is much younger than the other stock markets and they are not nearly so well regulated, and they are not always so well secured. Hackers have operated to specular success in these markets, as have scammers. You should look carefully into the exchanges available, pick one that is reputable, well-established and takes your own application to trade with it seriously, demanding proof of address. Always be cautious here.

Once you have found your exchange and spent your money, you will probably want to establish that online wallet which we spoke of earlier. Again you want a safe place to store your cryptos so do a little research and take your time. There are many products on offer, so browse and consider the advantages of each. Of course, the question of how to spend your cryptos is up to you. You may simply want to use them to buy products, in which case no more advice should be necessary. Or you may want to trade them, in which case always remember that crypto-currencies are extremely volatile. You could make a great deal in a very short time, or lose a very great deal in a flash. Then, as is the way with these things, if you hold your nerve you might make it all back again. The future for crypto-currencies will certainly be an interesting one.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.