The data published by bitFlyer, which surveyed 10,000 people across Europe, states that up to 63% of people believe digital currency has the power to withstand market strains for another ten years. That means, all being well, we could still be trading in the likes of Ethereum and Ripple by 2029. It is great news that such optimism is still rife, especially when billions of dollars have been shed over the past few years.
Many people claim that Bitcoin is a fluke and the same criticisms that were said about Forex are being brought up with Bitcoin. But as history has proven, both Bitcoin and Forex, despite how new they are in the world of day traders, are here to stay. However, the question still rises, which one is better? Is Bitcoin safer to trade than Forex? Or is Forex better in the long run than Bitcoin?
How to Trade Crypto and Forex! Most wont tell you this........
Crypto such as Ethereum and Litecoin are reportedly ready to weather future market storms. Whether this means we can anticipate a further cryptocurrency crash, or if they will rise up as the descendants of Bitcoin, will remain to be seen. Cryptocurrency markets right now are on tenterhooks, even moving into the middle of 2019, though the overall feeling is positive.
Simple Method To Make $100 A Day Trading Cryptocurrency As A Beginner | Tutorial Guide
Forex or Cryptos, Which Should I Trade? 😕
On cryptocurrency mining: As noted, one way to invest in cryptocurrency is via cryptocurrency mining. That is a valid way to start investing if say you love computer gaming and need a new rig and want to invest in small amounts of cryptocurrency while maybe making back some of the cost of the rig (and maybe even breaking even) but that is an entirely different subject. The average investor will want to trade USD for cryptocurrency on an exchange and avoid the complexities and investments of mining. In all cases, unless you already have a good rig with a great graphics card, you’ll need to put down USD upfront anyway.
This learning program will make you completely self-sufficient. There will be no need for you to pay for another course or to subscribe to different trading groups and live trade rooms. There is a ton of groups and individuals out there who are selling or giving away trade signals on their sites, Twitter, forums, etc. All these signals and tips can be useless or even very harmful, if you don't know how to do your own research. For instance, a fresh tweet saying it's time to buy a certain altcoin might not only be old news. There's also a chance it was written because the author wants to actually dump the coin, and he needs people to buy and raise its value at the same time he is selling it.
The forex market is the No. 1 market in the world for trading volume by a large margin. The Bank for International Settlements reported an average of $6.6 trillion daily trading value in the 2019 forex market, a 29.4% increase since its last report in April 2016. As of May 2020, the cumulative market cap for the crypto market totaled around $256 billion.
Crypto vs Forex - Which Market is Better for Traders?