China is already testing its “digital yuan,” with the USA, Great Britain, France, South Korea and other countries working on similar steps, too. Already 20% of 66 central banks stated that they are likely to issue a digital currency within the next six years.
While explaining Bitcoin’s diminishing inflation is a piece of cake, understanding how its younger brother is designed in this respect takes a bit more effort. We’ll need to look at 3 major points: the historical reduction of rewards, Ethereum 2.0, and the potential of DeFi.
Do you have an exit strategy in case crypto’s total market cap starts plunging just like it did this past week? All markets have a short-term memory when things are parabolic one way or another. Not to mention all the biases that plague trading behaviour.
No option is unequivocally wrong or right. We will try to clarify some of the reasons behind choosing BTC or USDT to trade in. You’ll be able to pick the one that fits current market conditions and your preference.
Bitcoin’s rapid push to the mid $20,000 has holders ecstatic. Institutions like Grayscale and Paypal getting involved is often cited as the reason…
Trend following crypto trading strategies try to ride the price momentum of the cryptocurrency in the direction that it’s headed. Price is going up or down and you want to open a position in an established trend. Then close it when the trend stops. The classic buy low - sell high.