People are watched, monitored and spied upon more than ever, there seems no end to the intrusion in our lives. But what about our finances?
Surely there is no possible way that we could trade currency anonymously, but there is and the institutions don't like it not one bit, However, with the ever increasing usage and reputation of cryptocurrency it just can't be ignored anymore.
The billions of dollars of cryptocurrency liquidity is impossible to brush odd. It's a 'fad' they said, 'it will never work', 'you will lose all your money'. These are the typical reactions of the scaremongers and doubters, funny they don't seem to be shouting so loudly now, they are probably investing!
But rest assured cryptocurrency investment is not for the faint hearted, 'never invest more than you are prepared to lose' has never been more apt.
Watching your cryptos prices swing widely as well as your balance is exhilirating and scary at the same time. The general concept of cryptocurrency is independent secure transfers of currency with no governing body watching you. No spying or controlling how you choose to operate your crypto finances.
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Anonymous transactions carried out globally where nobody is in charge but anybody can join in, that's the crazy part. Let alone the price movements and the awesome technologies behind cryptocurrency trading.
Huge mathematical algorithms calculate the vast amount of data collation that is flying around the world, yet because of the maths and underlying technologies it is safe and secure, yes still crazy right!
But this is what is actually happening every second of everyday, the market never stops, there no are trading hours, no restrictions. You can trade as much or as little as you like 24 hours a day.
I do worry because of this open, endless platform that people are spending too much time on crypto trading and not enough time living. Which is another element to the craziness.
But having said all of that I trade cryptocurrencies, during sensible hours, well mostly!
Bitcoin is now a very established and mostly stable crypotcurrency, it is the big daddy of the crypto market. Price swings do happen but as long as you are prepared for this eventuality, you won't lose your shirt!
But the altcoins can be a very different story there prices can gain and lose massively in just a few hours. Because of the emerging techonologies altcoins create and therefore capabilties that have never been seen before suddenly become a reality, wow. The news hits and the prices erupt!
Back to crazy, the cryptocurrency market is maturing and if you do your research and plan carefully, and don't take too many silly risks they can be a very sound and lucrative investment, not so crazy afer all!
Disclaimer. This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by cryptostation.co.uk. Readers should do their own research before investing funds.
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Photo by engin akyurt on Unsplash
