Crypto currency live.ppt
- 1. Crypto Currency Market Live
- 2. 24x7 Crypto Currency Market Live Trading Challenges and Workarounds • The crypto-craze has changed a lot in the world of finance and stock trading. When Bitcoin arrived, most people never believed it to hold any kind of value. And today, this investment avenue has managed to lure real talent and millions of dollars from Wall Street turned images of dogs into digital assets and brought on a slew of trading jargon that is enough to bamboozle even the most seasoned crypto market analysis experts. Another aspect that crypto trading has impacted has been the everyday life of an avid investor.
- 3. Crypto currency Market Live • Let’s get the bitter truth out in the open right at the start – the crypto market operates 24x7. Unlike regular stocks, crypto isn’t traded on a regulated exchange. Instead, there are thousands of exchanges providing platforms for trading this stock across the globe, meaning that the market ends up being open all the time. • Crypto currency market analysis suggests that different time slots witness different volumes of trade during the day. There are times when global market activity is extremely high while others when the trade volumes are low, resulting in weaker exchange rates and difficulty in selling stock. • As a trader, you must be well versed in these market timings to ensure that you aren’t left sleeping while investment opportunities come and go.
- 4. Multiple exchanges • Liquidity: Trade volumes can be massive on the larger, more popular exchanges like Kraken, GDAX, Gemini, and the like. Conversely, these volumes tend to be much smaller on the newer, less popular exchanges and these variations can impact the prices of coins traded on them. • Pricing: Since the crypto market doesn’t follow any standardized pricing strategy for stock, no one knows what it is ‘supposed’ to cost. Hence, exchanges leave coin pricing up to market forces like supply and demand. • Compatibility: It is quite a messy, cumbersome and expensive task to move your money between exchanges. This exchange compatibility issue doesn’t allow traders to switch between exchanges to take advantage of price differences and hence, the variations end up persisting for longer than it would be possible for an efficient market.
- 5. Workarounds to Use Against Challenges • Be Informed: When it comes to cryptocurrency market analysis, there can be no substitute for timely information. Use multiple sources, set up notifications and alerts, follow the crypto celebs and keep a close eye on asset movements to ensure you are not caught sleeping as trends emerge. • Historical prices: Basing your investment decisions on historical price trends can help traders avoid falling prey to whale tactics like wash trades on multiple exchanges. • Diversification: Not putting all your eggs in one basket is age-old advice that holds true even today. Spreading your investments over a healthy mix of assets as per your risk appetite will ensure that you don’t lose everything to a single disruptive event in the market. • Bot Trading: Computer programs can help you buy and sell specific cryptocurrencies at specific prices or value thresholds in order to generate a profit. This simple tool can help you take advantage of market movements even when you are not logged into the trading platform.
- 6. Conclusion • Volatility will be a part of your life as a crypto investor, at least until this market matures or gets regulated. A 24x7 open market will have trades coming in from across the globe and trends cropping up left, right, and center. • You may not be able to insure yourself against each of these erratic movements but you definitely can make the most of them by using the tools available at your disposal. After all, that is what makes crypto exciting.
- 7. THANK YOU!!