RoyalCBank – Trade cryptocurrencies with ease Coinfomania

With gains of more than 9,000,000% since July 2010, Bitcoin has been the best asset of the last decade.

First called “magic online money”, the leading cryptocurrency has shown the way for what is possible, paving the way for numerous cryptocurrency-related projects to emerge as alternative cryptocurrencies.

There are reports of large amounts of cryptocurrencies being transferred across borders little or no fees and without the censorship inherent in the traditional banking system.

In addition, the last decade has seen the development of retail and institutional custody and investment solutions for cryptocurrencies, raising optimism about what the future holds for the industry.

However, at a young stage, there is no doubt that traders are greatly contributing to the growth and continued existence of cryptocurrencies.

Data from as of January 2, 2020, shows that the 24-hour spot for Bitcoin was $ 310,440,579, while the futures market recorded a trading volume of just under $ 64 million.

These figures, of course, do not include the daily trading volume for alternative cryptocurrencies (altcoins) which another less reliable data provider, Coinmarketcap, is worth $ 43 billion on the same day.

Why invest or trade cryptocurrencies?

Probably the unregulated nature of the cryptocurrency market and the lack of infrastructure similar to the existing financial system are some of the common reasons why people do not invest in cryptocurrencies or trade cryptocurrencies.

But are such reasons really valid?

Well, as mentioned at the beginning, Bitcoin itself has given a very impressive long-term return, with several other cryptocurrencies nearby.

Putting these numbers into perspective shows that investing in or trading cryptocurrencies can be profitable, despite their inherently risky and volatile nature. The next line of action would then be to learn how to manage the market without injury, and also to achieve the desired return on profits.

Basic tactics for investing or trading cryptocurrencies

  • Long-term investments (aka HODLing)

Buying for long-term retention and selling when prices skyrocket remain one of the most common tactics for investing in cryptocurrencies. The above line is a perfect explanation for recent statistics that have shown this 60% of all Bitcoins haven’t moved in a year despite rising prices.

Therefore, if you are not ready to invest so much time in monitoring the growth of the industry, then this may be the best option for you.

If you are not ready to wait long to make money on your cryptocurrency, then one-day or short trading could be a better option for you.

You will need to learn how to trade on popular cryptocurrency exchanges using the best trading tools, in order to profit from short-term prices. Also, instead of trading only Bitcoin, you can trade different altcoins at the same time.

Daily traders are thriving thanks to tracking crypto news around the project coins they trade, counting on positive news to sell hype and negative news to buy fall.

If you do not know how to invest or trade cryptocurrencies, you can use a reliable brokerage service such as RoyalCBank trading platform. The company was created by experienced cryptocurrency and stock traders to help people make the most of their cryptocurrency investments.

RoyalCBank he is a member of the Financial Commission, an international body that resolves disputes related to online CFDs, Forex and cryptocurrency trading.

Similar to stock brokerage, using a broker for your cryptocurrency trading and investing attracts fees, although this is of little importance if the end results are impressive.

The concept of decentralized finance (Defi) evolved with the advent of cryptocurrencies. So, you can comfortably earn interest on your crypto assets through investments, using crypto investment platforms that support their desired assets.

Annual returns for such investments are usually between 6-10% of APR, which is much more than what the traditional financial system offers. The use of blockchain technology also means that such investments are highly secured and are not affected by the economic situation in the region where the lender resides.

Popular cryptocurrency exchanges like Coinbase or Binance offer a staking service for one or more crypto assets.

Closing remarks

Investing or trading cryptocurrencies may not be as difficult as it seems, especially given the ongoing development of infrastructure to engage new users.

The basic tactics mentioned above (walking, short trading and borrowing / investing) can easily help anyone start making money from cryptocurrencies even without expert knowledge of the industry. Also, if you are busy with business and want to earn passive income from your cryptocurrency, then using a reliable brokerage service is a highly recommended option.

Ultimately, the goal is to profit legally from cryptorevolution as the industry continues to move from the edge of the internet to mainstream adoption.

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