The ultimate guide: How to buy and sell cryptocurrency the same day?

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Bitcoin's exponential growth exposed the world to a new form of trading and exchange system. Different cryptocurrencies have since sprung up, offering other use cases.

We've seen the explosion of smart contracts, decentralized finance, and governance platforms.

However, one of the main reasons for cryptocurrency's mass adoption is the market's profitability.

Buying and selling cryptocurrencies is a new way to make money. And with the market's high volatility, it's easy to maximize profit.

That said, it's also easy to lose all your money if you don't know when to sell a cryptocurrency.

With so many options out there and new crypto platforms springing up every day, things can quickly become overwhelming for casual enthusiasts who want to buy and sell bitcoin and other crypto tokens safely.

With the proper knowledge and a good understanding of buying-and-selling mechanisms, holders and traders can navigate the system more efficiently. Knowing what coins to buy and when and where to sell them will enable you to react to the market accordingly.

In this article, you'll learn how to buy and sell cryptocurrency easily.

Understanding cryptocurrencies and how they work

You need to have a fundamental knowledge of cryptocurrencies before diving into trading them.

A cryptocurrency is cash that lives on digital devices. Just like physical cash, cryptocurrencies are designed to settle bills and make payments. Also, you can send them to friends and family anywhere in the world.

In reality, crypto payments work the same way bank transfers do. But cryptos offer more privacy, security, and ease.

Bitcoin was created in 2009 by Satoshi Nakamoto. The project's whitepaper promised a digital currency that allows secure, anonymous peer-to-peer transactions.

Bitcoin is based on blockchain technology, a publicly available database that functions as a distributed ledger. It uses cryptography to record transactions and protect user data. Thousands of cryptocurrencies are based on this technology.

You can add new transactions to the blockchain (blocks) but can't delete anything, and it's easy to see every transaction that has occurred on the chain.

Blockchain technology has been used in different ground-breaking applications, not just crypto transactions. For example, the introduction of smart contracts made it possible to leverage blockchain technology in gaming, decentralized finance, and governance, among many other real-world use cases.

Why cryptocurrencies are popular

While you need to go through a financial organization such as a bank to send money to anyone or make payments, cryptocurrency transactions are done peer to peer. That means there's no middle man: just you and the recipient.

What's more, you don't have to hand over any personal information or sign up to any service to send and receive cryptocurrencies. All you need is a wallet. Cryptocurrencies are also not limited by international borders. You pay the same transaction fees (which are very low) to send tokens anywhere.

However, buying and selling cryptocurrencies is another kettle of fish. While the goal is to, one day, use cryptocurrencies to settle and finalize payments, we're still at a time where the easiest way to own cryptos is using fiat currencies to purchase them.

That's where trading comes in.

Cryptocurrency trading

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Just like fiat currencies and stocks, you can buy and sell cryptocurrencies and make profits and losses. They both involve price movement speculation.

However, unlike fiat currencies and stocks, cryptocurrency prices are highly volatile. For example, daily percentage changes can spike or plunge in double digits.

So, you have to take your time to understand the market before trying your hand.

You can buy actual cryptocurrency assets via exchanges or use a CFD trading account to speculate price movements.

CFD trading

With CFDs (Contract for Difference), you're betting your money on a cryptocurrency's future price without buying the actual token. This type of trading is purely aimed at making a profit.

You can open a short position ("sell" or "go short") if you think a token's price will fall in the future or open a long position ("buy" or "go long") if you think it will rise.

You'll be leveraging a small deposit, known as a margin, to expose yourself to the real cryptocurrency market. Whatever amount of deposit you make, the total size of your position will determine your profits and losses, which amplifies how much you stand to gain or lose.

For example, if you open a $50,000 long position and use a 10:1 (10x) leverage, you'll have to commit a $5,000 deposit, which is your margin.

Exchange trading

Going through a cryptocurrency exchange means you're purchasing the real crypto asset, which you can then transfer to a private wallet or sell at a later time. This is the best way to go about things if you're looking at keeping crypto assets long-term.

This form of trading is called Spot Trading. Each trade is settled when there's a price match between a buyer and a seller.

People regularly place buy and sell orders (more on that later) on exchanges, which are filled when the conditions are met. So, for example, a buyer's order of price X will be matched with that of a seller who placed a sell order at the same price.

Can you buy and sell cryptocurrency on the same day?

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You can trade cryptocurrency easily on the same day through exchanges.

Firstly, you have to sign up on the exchange and set up your wallet.

After signing up, you'll have to go through the exchange's process of depositing money. Some exchanges require some form of identity verification before you can deposit and start trading.

After depositing your fiat currency, such as Euro, Pounds, or Dollars, you can quickly go to the trading platform's spot market to buy a token.

However, some platforms allow you to buy crypto assets such as Bitcoin, Ethereum, and Ripple using your credit card.

Once bought, the token is transferred to your wallet. After that, you can withdraw the cryptocurrency to any other digital wallet or sell it whenever you choose to on the exchange.

How to exchange crypto

Exchanges work with trading pairs. Each cryptocurrency has its unique abbreviation, known as a ticker. For example, Bitcoin trades with the "BTC" ticker while Ripple trades with the "XRP" ticker.

Trading pairs

Trading pairs help you identify how you buy a token. They are assets that can be exchanged for each other.

When you open an exchange's spot market, you'll see many different trading pairs.

A typical example of a trading pair is BTC/USD. You buy the asset on the left with the asset on the right.

So, for example, to buy Bitcoin using the USD (US Dollar) you deposited, you'll have to select the BTC/USD trading pair, enter the amount of Bitcoin you want to purchase, and click on Buy.

To sell, select the trading pair, enter the amount of Bitcoin you want to sell, and click on Sell.

As we mentioned, there are many different trading pairs. You can exchange one cryptocurrency for another. For example, the ETH/BTC trading pair allows you to exchange ETH for BTC and vice versa.

Stablecoins

Stablecoins are crypto tokens that are pegged to the value of a fiat currency. A well-known example is Tether (USDT), which is pegged to the US dollar. Other examples include USDC and USDT. You'll find that trading with stablecoins helps simplify things as you're exposed to more USDT and USDC pairs.

So, after depositing your fiat to the exchange, you can convert your funds to a stablecoin without worrying about its value dropping.

Understanding limit, stop, and market orders

As we mentioned earlier, you have to go through spot trading to buy or sell a crypto asset in a centralized exchange, and spot trades involve setting buy and sell orders.

There are different types of orders that allow you to buy and sell cryptocurrencies at a specific price.

These orders serve as tools to help you manage risk, maximize profit, and minimize your loss.

What is a market order?

market order

Placing a market order allows you to sell or purchase a token instantly. It tells the exchange to fill your order at the best available price.

When you check your order detail, you might notice that your coin was sold in batches at different prices.

This order type works for people who want to buy or sell as quickly as possible without waiting for a specific price.

While the market order is the fastest way to buy or sell crypto assets, it's not always the best option. Depending on the market's volatility, the trade could be filled at a much worse price than what you anticipated.

A limit order instructs the exchange to buy or sell a crypto asset at a specific price. The asset won't be bought or sold until its price falls or rises to the price you entered.

Suppose you want to buy a token at $9,000, but it's currently trading at $9,500. Then, you can set a limit order of $9,000. This way, your order will only be filled whenever the cryptocurrency's price falls to $9,000.

To set the order, you have to enter the amount of Bitcoin you want to buy. In most cases, the exchange will automatically fill in the price in USD (if you're buying with USD).

You can't set a limit order above a token's current market price since a better price is already available. However, in most exchanges, the cryptocurrency will be bought immediately after you set such an order.

The same goes for setting a sell limit order. Your asset won't be sold until its price reaches the specific price you set, and if you place a limit order at a lower price than the current market price, it will sell immediately.

You should note that there's no guarantee that the exchange will fill your limit order. For example, the limit order will not be executed if the token's price never falls or rises to your set price. Also, in some cases, the exchange might fill the order partially or not at all if the token's price grows too fast and there are no matching orders to execute your buy or sell order.

What is a stop order?

A stop order instructs the exchange to set a limit or market order when a specific price is met.

There are two types of stop orders: stop-loss order and stop-limit order.

Stop-loss order

When you set a stop-loss order, a market order is triggered. That means, when the token reaches a specific price, the exchange is allowed to sell or buy it at the best available price.

For example, if you set a sell stop-loss order for Bitcoin at $9,000, the exchange will fill the order at the current market price whenever Bitcoin reaches or crosses $9,000. Note that the order will be filled whether the price goes up or down.

The downside of using a stop-loss order is that the order could be filled at a worse price than you expected.

Stop-limit order

The exchange will set a limit price order once your stop-limit order is triggered. That means you have to put a stop price and a limit price separately. While you can use the same price for both orders, setting the limit price slightly above or below the stop price increases your chance of filling the order.

For example, if Bitcoin is currently trading at $9,500 and you want to buy it at $9,000, you can set a stop price of $9,100 and a limit price of $9,000. Then, when Bitcoin's price falls to $9,100, the exchange will automatically place the $9,000 limit order.

Can you buy and sell crypto all day?

Unlike the stock market, the crypto market trades 24 hours a day, seven days a week. As a result, you can buy and sell crypto at any time.

That said, your exchange might suspend spot or margin trading due to maintenance or upgrade. Server downtimes can also affect trading.

So, if you've been asking the question, "Does Bitcoin trade 24 hours a day?" you now have your answer.

Does day trading apply to cryptocurrency?

Day trading is a convenient way to buy and sell crypto for profit. As long as you know the best time of day to sell Bitcoin after buying, you can easily make a lucrative career out of trading cryptocurrencies on the same day.

Crypto prices are highly volatile. Price movements within one hour can make a huge difference in profits and losses. That is why the cryptocurrency market is a fertile ground for those who know what to do.

Day trading allows you to take advantage of the substantial price changes of any crypto asset. That said, you have to be careful as you could also incur huge losses if the market takes a different turn from what you anticipated.

How to know when to sell crypto

Since you want to profit from cryptocurrency price movements, the best time to sell is when the token rises above your entry price. You have to determine how much profit you want to make and stick with it.

Now that you know how to use the different order types, you can easily set your entry and exit prices.

If you're day trading, make sure you monitor price movements closely. You could also delve into learning Fundamental Analysis and Technical Analysis, tools that advanced traders use to understand and speculate the state of the crypto markets.

Another way to determine when to sell your cryptocurrency is by following the news. First, learn everything there is to know about a token and its project development. Then, follow updates about new changes coming to the project, especially collaborations, that could sway a token's price.

News about government regulations, crypto comments from influential individuals, and security breaches can significantly impact the cryptocurrency market.

So, take all these into account when trading cryptocurrencies.

Summing up

Cryptocurrency trading is risky. Trade carefully and make sure you're ready to bear the risk of losing your entire deposit.

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#Cryptocurrency market
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Kyrrex: Still Transparent, Still Trustworthy

We know that a global economy driven by better models of financial management is possible. We also know that harnessing the power of blockchain technology creates endless possibilities for individual investment, dynamic control of finances, and much more.

In light of recent events, trust in crypto and the limitless opportunities it offers might seem more distant than ever. As serious stakeholders, we want to use this opportunity to reach out to our loyal customers and the general public and assure them that Kyrrex remains unaffected while standing strong as ever.

The FTX Issue

To summarize the problem, FTX mishandled investor funds by using user deposits to make investments of their own. FTX did not inform users before proceeding on this course of action. The funds were used without client consent, meaning that FTX’s ‘side’ investments were unauthorized and therefore illegal.

Gaps and Leakages in the Crypto Industry

The recent spate of crypto setbacks reveal a number of gaps and leakages in decentralized finance. The biggest of these gaps is supervision: what guarantee can you, a crypto trader and investor, have that your preferred trading platform will not mishandle your funds?

In the decentralized market, you have a firmer grasp of your crypto assets and greater freedom to trade and invest without someone looking over your shoulder every time. But this comes with the risk of losing all your money if you entrust it to unsupervised third parties.

Solution with Kyrrex: Crypto-Fiat Banking

Crypto exchange platforms provide you a stage to trade and manage your crypto assets. But who/what keeps an eye on these platforms? Without strict oversight by a powerful body, you're essentially giving your money to an exchange do with as they wish.

Where there is no regulation, there is likely to be mismanagement and exploitation. Even if you can wager your life that an exchange platform is honest and will not mishandle your money, you have to admit that having the platform accountable to a higher authority increases your trust in it.

Turning to a centralized exchange like Kyrrex offers you the rewards of crypto without its major risk.

We believe that it is only when the crypto market is reasonably regulated that the crypto industry can flourish. Then, you will no longer have to deal with rugpull projects, fake developers selling you imaginary bridges in imaginary clouds, or situations like FTX that inevitably cause you to lose trust in every crypto exchange platform.

Kyrrex is Still Trustworthy

Kyrrex, as you know, is the first crypto-fiat bank. The same way we pride ourselves in being the first global bank, we pride ourselves in playing by the rules. There are several governmental and government-backed institutions that oversee our operations, and so we are licensed to operate in good faith. All of this is so that you can rest easy and continue to trust us.

We would like to place on record that Kyrrex Exchange has no dealing with FTX and its FTT token. Our exposure to FTX is zero. The exposure of our customers' funds to FTX is zero.

Here are a handful of reasons you should continue to trust Kyrrex as your crypto and fiat asset partner:

1- Kyrrex has the highest level of operational license in the crypto industry

Kyrrex operates under the Class 4 virtual Finance asset (VFA) License from the Malta Financial service authority (MFA). We obtained this license in November 2021, reinforcing our intentions to comply with every legal requirement and audit condition.

This class of license comes with implicit confidence by the regulatory authority in the licensee. It means that Kyrrex has been thoroughly scrutinized and found to comply with all regulatory rules regarding user deposits and operation models. It means that you can trust us to keep your money safe and secure because Big Brother is watching all our moves.

2- Kyrrex stores and backs your tokens with tangible assets like the dollar

As a crypto-fiat bank, Kyrrex allows you to use crypto tokens as easily as you use fiat currency. So, with Kyrrex you will be able exchange fiat currencies against digital assets and vice versa. This is because your tokens are safely stored and backed with valuable assets.

3- Kyrrex relies on its organic growth model for profitability rather than investors’ funds

At Kyrrex, we promote and use an organic growth model. This means that apart from the charges that our clients are aware of, we don’t touch their deposits or funds. This is another reason we have regulators overseeing our operations. They keep us on our toes and make sure our operations are always prudent and compliant with all legal provisions.

4- Kyrrex has a straightforward user withdrawal protocol

Kyrrex has always favored an uncomplicated and user-friendly operating protocol. Our withdrawal system is like this also. So, our clients do not need to read and sign thousands of pages of T&A before they can withdraw their funds from Kyrrex. Everything is clear and transparent. Your funds are your funds and you can withdraw them at anytime.

5- Kyrrex is not exposed to FTX, Alameda, or any institution implicated in the current FTX fiasco

Kyrrex is not exposed to FTX, Alameda Research, or any other crypto-related institution that has been implicated in the recent mess. So you can trust us unreservedly, we only build relationships with time-tested, reliable, and/or regulated exchanges.

So, Kyrrex remains worthy of your trust. However, we advise that when you use other exchange platforms, ensure that they are licensed and are committed to playing by the rules. Also, do not invest money that is not your own or spend more than you earn. If you can, avoid tokens that are not backed by tangible assets.

#Cryptocurrency market
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Ways to Protect Your Privacy in Crypto

The crypto-verse has moved from the first stage of foundation-building and establishment. Virtually every developed and developing nation in the world today has a share in the global crypto pie. As a result, the current crypto era is all about innovation and the adaptation of blockchain solutions to a variety of old and new problems. But, the crypto industry has to overcome some of the present hurdles first, including the rise in regulations and the relegation of user privacy.

Regulations are popping up left and right. Governments are fighting to safeguard their economies from overexposure to criminal elements. However, crypto proponents are also doing their best to ensure that the entire blockchain ecosystem is not criminalized because of some mischievous users. In the meantime, innocent users are lost in the middle, pondering whether anonymity and privacy are still genuine components of crypto.

The crypto industry has an odd relationship with privacy issues. On the one hand, due to the public verifiability of transactions, the movement of money is easily traceable. On the other hand, privacy and confidentiality are core pillars of the crypto-verse. The system is thus balanced since it offers users a variety of ways to maintain their privacy. However, now that more governments are taking more active steps towards streamlining the crypto industry in a way that they can manage, the balance of security and privacy in the system is no longer reliable.

So, to ensure that your crypto assets, investments, and activities are private, here are 5 things you can do.

1- Use Multiple Addresses and Wallets to Receive Payments

The way blockchains operate, anyone who knows your address on the blockchain has automatic access to information that is supposed to be private. Say you want to pay a customer in crypto and exchange addresses. This customer can use any number of tools, including a block explorer, to check your transaction history and find out the size of your crypto pocket.

One of the easiest ways to get out of this situation is to use a new address every time you have to engage in crypto transactions with someone. This helps you spread your activity and asset tracks across a wide range of wallets and addresses. When people look up the address you gave them for a transaction, they will not be able to find out the size of your crypto assets or even the entirety of your transaction history.

You can also be a bit more systematic by using several different wallets at the same time. With each wallet holding a certain amount of your investments and transaction history, you will be able to hide the majority of your crypto activities. This is another reason prominent crypto enthusiasts have accounts with multiple crypto exchange platforms. Each of these platforms serves as a separate bank, so to say, where they can create multiple wallets and use crypto addresses that help them shield their assets and activities from scrutinizing minds.

2- Use Crypto Platforms that Value and Prioritize Privacy

It is a fact that all crypto platforms, decentralized or centralized, are supposed to prioritize user privacy and security. This is because privacy and security are core components of the crypto-verse, ensuring that blockchains are not perpetually vulnerable to malicious break-ins. However, even though crypto exchange platforms are supposed to be user-centric and therefore give precedence to user security and privacy, this is not often the case.

To be fair, crypto platforms cope with many challenges. They have to ensure efficient transactions, deal with verification problems, maintain liquidity pools, and monitor the flow of tokens per time. Even though automated systems are employed for these functions, these systems are not omnipotent. Therefore, the crypto-verse is made up of many crypto platforms that are biased towards one or two of the foundational components of blockchain technology.

So, very few crypto platforms can effectively handle multiple components at the same time and therefore promote all the advantages of using crypto instead of the old system. You should be on the lookout for these innovative platforms because they use novel methods to prioritize user security and privacy.

One such crypto platform is Kyrrex, the innovative digital bank for all things crypto. The platform prioritizes several core crypto components, including security and privacy, transaction speed, trading ease, wide-range online integration, and user access to support. It uses hybrid cryptographic encryption methods to ensure that user data is hidden behind multiple layers of database security.

So, instead of using platforms that promote anonymous crypto trade or those that say nothing about the privacy and confidentiality of user data, use platforms that value and promote the safety of user assets. This choice covers you from virtually every danger of privacy violation, leaving your crypto exchange platform to worry about privacy and security concerns.

3- Use Crypto Privacy Tools

From the way crypto critics talk about the porosity of blockchain ledgers and transactions, you would think that every exchange ends up with one side more vulnerable to the assault of hackers than before the transaction. In truth, security and privacy are fundamental components of the crypto-verse, so every platform regards these components highly. (Only that some platforms, as we have shown, are more particular about them than others.) Therefore, there are privacy tools specially designed to promote the confidentiality of crypto users. Examples of such tools are zero-knowledge proofs, mixers, and ring signatures.

Consider zero-knowledge proofs. These are handy privacy tools because they are straightforward in their function. These proofs enable a user to confirm that they validated a particular crypto transaction and do so without having to provide their public keys to be believed. Ordinarily, publishing your wallet address is the traditional method of verifying transaction claims. However, with zero-knowledge proofs, you don’t have to give away your public address.

Zero-knowledge proofs are a derivative of zero-knowledge encryption, a system that ensures that a user’s access codes are only known to the user and no one else. So far, this system has been adopted in crypto security with the proofs. However, efforts are being made to fully adapt them such that they can become core features on every crypto exchange platform and service. That way, blockchain ledgers can remain transparent at the same time that users can shield their crypto activities and assets from other users and platforms.

Mixers and ring signatures serve similar functions in using both simple and complex methods to hide details of user transactions. Mixers, especially, require a third party whose database becomes the exchange point between crypto users. Therefore, transactions will be traced to the third party instead of the engaging crypto user.

All these tools are useful for protecting user crypto assets, activity, and privacy. Many crypto exchange platforms use them in one way or another. Therefore, you can rely on them as well.

4- Use Reliable VPN

VPNs have become one of the most convenient and valuable features for digital privacy and security. The best selling point of these services is that they can hide your online footprints, especially your IP address, from web trackers, governments, and even some crypto platforms. Therefore, using VPNs whenever you trade in crypto is one of the surest ways to preserve your privacy.

Every knowledgeable crypto user knows that some crypto platforms log users’ IP addresses to increase the efficiency of their services. The problem with this is that whenever hackers gain access to these platforms, they can make away with this information. Once this happens, you can expect clever hackers to try to make as much profit from their theft, including tracing your crypto transactions and finding out ways to defraud you eventually. When you use a good VPN that prevents any platform from logging your IP address, you remove yourself from this narrative of hackers and possible fraud.

One thing to keep in mind is that all VPNs are not the same. To use George Orwell’s words, all VPNs offer privacy values, but some VPNs offer more privacy values than others. You can be sure that premium VPNs (those whose services you have to pay to use) are generally more secure and reliable than free VPNs. So, to be safe, never use a free VPN with your crypto transactions.

5- Use Social Media with Crypto Addresses and Engagements with Care

The easiest way to lose your privacy and be flushed out of your crypto anonymity bubble is to engage social media with your crypto activities. Social media space is virtual, yes, but it is also all-reaching. With many online platforms integrated, every internet user is a flashing point that can be identified on the web. So, when you publish aspects of your crypto activities on social media, you are essentially throwing out pieces of meat and waiting for wolves to trace them back to you.

Granted, there is no reason a rational crypto user would want to have their crypto activities and assets exposed to the world. We all value our privacy, especially as it has to do with financial assets. But it is also very easy to accidentally compromise this privacy on social media.

Say, a celebrity asks their followers to drop their wallet addresses online so they (said celebrity) can give them (the followers) crypto for free. Once these addresses are posted online, they are almost certainly forever ‘inscribed’ on the walls of that social media platform. Any Tom, Dick, and Harry can follow these crypto addresses back to the user, look into their history, and think up ways to take advantage of them.

So, pay extra attention to how you post your stuff on social media. Keep in mind that it is difficult to erase online posts and that there is no steel-solid guarantee that hackers will not break into your social media accounts, even if temporarily. Therefore, endeavor to keep from posting your public and private keys online, whether in private chats or public posts.

So, to conclude, user privacy is very important to the crypto-verse. The appeal of the blockchain revolution is that it grants users more freedom over their assets and financial choices. However, once user privacy is compromised, this freedom counts for nothing. Therefore, the suggestions submitted in this article are simple but effective in safeguarding your place and future in the crypto-verse.

#Cryptocurrency market
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Crypto Bubbles and the Prospects of Cryptocurrency

Like any enterprise with brokers and actors, the crypto market goes through phases of highs and lows. Even though these phases are diametrically opposite, they each have their pros and perks. For the sensitive crypto trader, the best phase turns into a bubble inside which they can make a lot of money and secure assets that will bring even more money later.

So, what is a crypto bubble and what implications does it have on the prospects of crypto trading and investments in the years to come?

Crypto Bubbles at a Glance

Crypto bubbles are periods during which the prices of crypto tokens are at a radically different height than normal. Specifically, crypto tokens or assets sell for higher than they should, thereby allowing their holders to make money within a short while. Thus, the shorter the window of opportunity, the more profit crypto traders typically make, and vice versa.

Crypto bubbles develop from the interplay of numerous social and economic components, for example, the demand for a particular token or the projected prospects of a particular asset. Each of these components can be traced back to an expectation that develops as a response to a situation. The result is a crypto bubble where the price of a crypto asset usually quickly rises above its actual value and forms the basis for a crypto trader’s profiteering.

Generally speaking, crypto bubbles arise from a number of situations. These include:

  • The price of a crypto asset suddenly nearing all-time-high levels and resulting in high expectations regarding its prospects;
  • The high expectations of crypto actors and agents further stimulating the crypto asset, thereby causing even more rise in price.

So, the more crypto actors (traders and investors) are attracted by the upward price trend of the crypto asset, the higher the price will go. Eventually, the asset will be priced for much higher than it is worth, in which case its holders can enjoy significant profits trading it.

What Crypto Bubbles are Not

Crypto bubbles are not periods of fluctuating prices of crypto assets. As a rule, price volatility is a fundamental characteristic of cryptos. So, when the price of a crypto asset A rises to a new all-time-high and then falls to a new all-time-low within a short period, that is not a crypto bubble.

Also, crypto bubbles do not have a specific time limit. This often makes it difficult to recognize them immediately. So, if you notice that the price of a crypto token has been rising by 5 units every 10 minutes for 4 hours only to dip, you can be sure that that is not a crypto bubble.

Lastly, even though crypto bubbles are seemingly random, they can usually be explained. As noted earlier, these bubbles can be traced to actual (that is, real-life) social and economic conditions, factors, or dynamics. So, if nobody can make sense of why the price of a crypto asset is rising, it is highly possible that it is not a crypto bubble.

Uncertainty and Unpredictability as the Roots of Crypto Bubbles

The crypto industry has been experiencing a lot of downtime recently. Although some critics insist that this is proof that the industry is falling out of favor with market forces, we know that this is not the case. First, there is a global economic crisis and it is affecting crypto. Second, the ups and downs of the value of many popular cryptos could bring about positive trends in the long run.

From what we know of crypto bubbles, it is the scarcity of information regarding when it starts that makes it a profitable period for crypto traders. If every trader on the block has their eyes on an asset about to spark off a crypto bubble, the bubble will burst in no time. This is one of the reasons unpredictability can be a plus for smart crypto traders since it typically shrouds bubbles from public view until it can no longer do so.

So, if you want to take advantage of a crypto bubble, you could do the following:

  1. Observe a popular crypto asset that has noticeably dipped in value.
  2. Research the viability of its returning to the peak within a particular period.
  3. Watch out for social and economic events that could spark renewed investor interest in the asset.
  4. Plug in to the bubble and wait for it to form.

This is not the be-all and end-all of what it takes to seize the initiative and make early and long-lasting profit from crypto bubbles. But it works and helps you see beyond the shroud of uncertainty and unpredictability. An easier way is to keep track of assets with rising prices and wait for said prices to rise above the norm and stay there for a while.

The Prospects of Cryptocurrency

Prospects of Cryptocurrency

Crypto analysts will never get tired of speculating what great changes the crypto industry will introduce to the world of finance and business management. In reality, we know that the changes will certainly be multidimensional, so it will help you to know what crypto can and cannot do.

Crypto came to the rescue of Ukraine when it was invaded by Russia. That demonstrated that it could revolutionize national finance and tip international borders. Furthermore, it was one of the most convincing proofs that crypto was the future of decentralized finance, whether within the context of national sustainable growth and development or on an individual level.

There are great expectations for the crypto industry. The setups of business organizations will certainly be transformed with the global-scale implementation of smart contracts. New technologies and technological innovations will have to be developed to accommodate the rapidly growing system of blockchain operations and management. Retrieval systems will change, and so will the way the internet interacts with the flow of information. We are already seeing this with Web 3.0.

On an individual level, you will be able to better manage your resources, especially your finances. The extent to which big businesses can access and use your information will also change. So, the future of cryptocurrency is looking genuinely bright and beautiful.

Of course, there are dangers and risks to this future. In the absence of some regulatory standards, the system can be abused to take advantage of people and swindle them. So, while you can place your trust on the crypto system, some of its actors are bad news.

Thankfully, there are reliable centralized crypto platforms around. Some of these, like Kyrrex, are radically innovative as one-stop crypto-fiat banks. You can trust these ones while enjoying the occasional crypto bubble and anticipating the goodies of the imminent crypto future.