By Malagis - 29.02.2020
Best crypto to invest in 2019
Cryptocurrency is a potentially great digital asset for investment. in , some coins still possess a very good potential for making quick and. Best Cryptocurrency to Buy: Best for Retail Adoption: Bitcoin; Holds Most Market Enthusiasm: Ethereum; Best for High-.Top 3 Altcoins Set To Explode in 2020 - Best Cryptocurrency Investments 2020 September
On the surface, this question might seem like a strange one. Everything you need to know when investing in cryptocurrency.
best crypto to invest in 2019 Imagine asking someone what best crypto to invest in 2019 best times to buy stocks or commodities are and expecting to receive a straight answer that you could mark on your calendar.
It sounds absurd. However, the crypto market has some exciting features that you should be aware of before investing.
Knowledge is power though; each new piece of information you take in makes you a more well-rounded investor. Cryptocurrencies trade around the clock, all year round Up until crypto became a thing, the only other best crypto to invest in 2019 that came even close to the round-the-clock nature of crypto trading best crypto to invest in 2019 the global FX market.
Even though currencies also observe office hours because forex is a genuinely global market, as one country is closing for business at the end of the working day another one is opening for business.
How To Invest in Cryptocurrencies: The Ultimate Beginners Guide
This overlap made FX the first truly hour market. This is in stark contrast to other assets like stocks that observe best crypto to invest in 2019 trading times and are only actively traded for a few hours each day.
Unlike these other more traditional markets that observe the working week, cryptocurrencies trade twenty-four hours per day, seven days a best crypto to invest in 2019, all year round. The crypto markets do not see any market holidays whatsoever.
Why best crypto to invest in 2019 this important? Best crypto to invest in 2019 crypto came along and interrupted the ordinary course of the news cycle as it pertains to trading.
Usually, market news is announced at the beginning of the working week, and then markets react accordingly as and when they come online for trading.
With crypto, the fact that people have access to its numerous markets all week round means that a great deal of speculation takes place over the weekend in anticipation of the news that is set to drop on Monday morning.
The infamous gap up or gap down, which is most prominent in stock markets, is almost best crypto to invest in 2019 in crypto trading. What does best crypto to invest in 2019 mean for crypto traders?
Essentially what this means is that news in priced-in differently in crypto markets. There is no waiting period in see more investors get their ducks in a row in anticipation of this web page market open.
The best cryptocurrency to invest in for 2019
The article suggested that what could be taking place is that crypto traders are attempting to front-run news that is about to be announced on Monday https://obzor-magazin.ru/2019/a4-document-holder-officeworks.html. This weekend effect has somewhat been mitigated in the last month or so since Bitcoin has entered a consolidation phase.
Bullish weekend plays have been consistently profitable.
FOMO has a role to play Another exciting part of this story is that FOMO or fear of missing out seems to be heightened over the weekend for two distinct reasons. You best crypto to invest in 2019 guarantee that speculators who are prone to over-trading are flooding to crypto to scratch that itch.
The second reason was dubbed as the Thanksgiving table phenomenon back in when cryptocurrencies went on their magnificent bull run.
best crypto to invest in 2019 These discussions were held as one of the causes for bitcoin spreading like wildfire in and are thought to be responsible for many newcomers entering the space. Volume is lower over the weekends It may seem somewhat counter-intuitive to beginners, but sizes how much is being bought or sold of any given cryptocurrency are smaller over the weekend.
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But this is how markets work. When fewer people are buying and selling, it takes less trading activity to move the needle.
So prices can surge with relatively less trading than you get during the working week. This can account for why we tend best crypto to invest in 2019 see these surges in price over the weekend.
A similar, though less pronounced phenomenon, can be observed late at night or at times best crypto to invest in 2019 significant markets like the US are sleeping.
This is particularly so since Play around with it and see how you get on.
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