Crypto Currency

  Why Are People Afraid of Cryptocurrency : There are multiple reasons people get scared away from investing in Bitcoin and other cryptocurrencies. Everyone is different and fearful for different reasons but the reasons are all pretty common. Ignorance. Many people are ignorant about cryptocurrency and thus are scared to invest in it. Many people can’t even answer basic questions about cryptocurrency like “What is Bitcoin?” If you are ignorant about cryptocurrency you are wise NOT to invest. Always stay in your circle of competence when investing. However, that does not mean you shouldn’t make your circle of competence larger; you should check out  OKEx to learn  more about Bitcoin.  Okex  refferal link from where you can get free Bitcoin. Negative Press. Famous investors like Warren Buffet and large banks like JP Morgan have famously said negative things about cryptocurrencies like Bitcoin. When a renowned investor like Warren Buffet says negative things about an investment it means i

93% Yield Farmers Claim to Have More Than 500% ROI, Survey Says : | Cryptocurrency | Returns | Profits | Yielding | CoinGecko published a new  survey  on Yield Farming on September 21 gives some key insights into the state of the service and its popularity with traders. CoinGecko conducted the survey to learn about the sustainability of yield farming, trader understanding of the features and industry pain points The data platform surveyed nearly 1,350 investors in August 2020, discovering several key findings 93% of farmers received a 500+% return on their investments, with CoinGecko suggesting the majority of these traders were investors who used over $1000 in capital Only 23% of participants carried out yield farming in the last 2 months, with each token making up for less than 10% of an individual’s holdings 52% of investors used less than $1,000 in capital, and high gas fees was cited as the major concern Perhaps most significantly, 40% of investors do not understand how the relate

  DeFi Tokens Are on the Rise. Should You Jump on Board? : The introduction of ethereum into the world of cryptocurrencies opened up several avenues for global developers. Unlike bitcoin, the king coin, ethereum provided a platform that developers could use to come up with different decentralized applications. One such area is decentralized finance that is providing financial services through smart contracts.  Since the inception of DeFi, the sector has continued snowballing. This year, in particular, has seen the DeFi sector record unstoppable growth. The industry achieved a significant milestone in February by surpassing the  $1 billion mark  in value. Now, the value of crypto DeFi markets is estimated at $4 billion, seeing as the industry has significantly benefited from the recent and ongoing bitcoin and ethereum bull runs.  As more crypto enthusiasts jump on board, many are looking into the DeFi space. DeFi tokens have not been left behind as individual and institutional investors

  A bulletproof crypto-investment strategy :(To be more profitable) This is quite an old market investment strategy, that is known for years. It only needed to adapt for the crypto markets, to make it more relative to blog readers. Although, as any investment strategy, does not guarantee positive returns - at least not in the short term - it offers manageable losses. The strategy pre-supposes that the market will be bullish in the long term - so it should be used for porfolios you will be keeping for at least 5 years. Bear in mind If you are considerate about security of your investment wallet(s) held with exchanges, this strategy is not for you. While you won't be making transactions frequently, you will need to be making some from time to time, and you don't want transaction fees adding up to your costs. First things first: cash or stablecoins You should hold at least 20% of your portfolio in cash or stablecoins, on set up. This will allow you to be making adjustments to your

 Crypto Investors Own Percent of NY Bank Deposits : Photo by  Quintin Gellar  from  Pexels While most banks are still steering clear of   Bitcoin , Metropolitan Commercial Bank seems to have embarked on the road less traveled. A commercial bank based in New York, Metropolitan recently shared the fact that cryptocurrency investors and clients make more than 15 percent of their deposit transactions. Metropolitan plans to keep moving in this direction by continuing its support for digital asset traders. According to Metropolitan bank’s CTO,   Nick Rosenberg , the bank has come to understand that cryptocurrency is a “serious industry” with “very interesting ideas coming out that could really change the way people do business.” Moreover, the Director of New Products Kyle Hingher has stated that Metropolitan envisions its future as being one of the prominent banks in the cryptocurrency industry. Could this be the beginning of a   rapidly evolving trend   among banks? Embracing the cryptocurr

  Why is it worth investing in crypto? Cryptocurrency is the answer to the global demand to move to a cashless society in the future. It has changed the world in terms of how people work, transact online, and pay for their goods and products. Photo by  Worldspectrum  from  Pexels Crypto Investment, Cryptocurrency, Cryptography, Crypto news, Crypto Assets, Become Crypto Billionare, Crypto coin, Cryptocurrency news this blog covers al such type of posts. Now straight to the point : When this new world was born, many people were convinced to invest in it due to its enormous potential. But, what's it about? Crypto is practically "just born" Cryptocurrencies are still in their infancy having only been "launched" in 2008. This means that it is still a fairly new market and way of investing. Getting closer and learning now to invest in cryptocurrency could mean being on top when it reaches its boom phase. Promising opportunities The cryptocurrency market is volatile, a