While it doesn’t receive the same investor demand as Bitcoin (BTC-USD), ether often serves as the “next stop on the trip down the digital asset rabbit hole” according to Chris Matta, President of digital asset manager, 3iQ Digital. His firm has offered both a Canada-based spot Bitcoin exchange-traded fund (ETF) as well as the ether equivalent for several years.
Brian Brooks is the next CEO of Bitfury, while Valery Vavilov became Chief Vision Officer and Chairman of the Board of Directors.
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Choosing how you want to trade cryptocurrencies is the first decision you need to make before selecting the coins themselves. You need to decide whether to trade via derivatives or use an exchange: Trading via Derivatives: When you trade cryptocurrencies via financial derivatives such as binary options, spread betting or CFDs (where allowed), you can speculate on their price without having to own the underlying coins. Trading via an Exchange: Trading via an exchange you have to purchase the assets themselves, storing tokens in a digital wallet until you’re ready to sell. The trading fees you will have to pay can be significant. Most crypto exchanges are unregulated, meaning you have no protection if the exchange is hacked or However, derivatives platforms like IG are FCA-authorized, offering the protection of segregated accounts. Get a Feel for the Market
The reason Ethereum Classic is not a fit for your portfolio is that it has had five whole years to grow yet has been unable to do that. ETH is now the flagship, and Ethereum Classic has become the “diet” product. With Ethereum in the name, it may become a pump-and-dump product.
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There is a lot of volatility in the cryptocurrency space due to the industry’s newness. Investors are seeking to experiment with their money to generate riches quickly and figure out how cryptocurrency prices vary and whether they can affect them.
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The world's second most valuable cryptocurrency, Ether, has been touching all-time highs ahead of a major upgrade of its underlying platform Ethereum.
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If this type of extreme drop bothers you, you may have too much riding on your crypto investments. You should only invest what you’re OK losing. But even if the drop is making you rethink your crypto allocations, the same advice still stands — don’t act rashly or upend your strategy too quickly. Reconsider what you might be more comfortable with going forward, such as allocating less to crypto in the future or diversifying through crypto-related stocks and blockchain funds rather than directly buying crypto (though you should still expect volatility when cryptocurrency markets fluctuate).
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Everyone's hearing about Ethereum in ways that have never happened before because of NFT's. People get excited by NFTs,”David Hoffman, 'Bankless' podcast host
Of late, crypto prices have risen on the back of comments from billionaire Elon Musk and Ark Investment Management LLC's Cathie Wood.
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There's money to be made in the cryptocurrency market, but it's important to know what you're doing. This hands-on guide gives you just what you need to make wise decisions. It explains how cryptocurrencies work, covers the rewards and the risks, explores the top 100 digital currencies, and discusses diversification. You'll determine the right platform for investing, find out how to use a cryptocurrency wallet, and see how to develop smart short-term and long-term investment strategies. With this book, you can be a part of the future economy. Bitcoin versus other cryptocurrencies Risk management strategies Types of cryptocurrency wallets Crypto ICOs, mining, futures, and options Technical analysis advice Info on cryptocurrencies and taxes
Cryptocurrency prices can move in spectacular fashion, and there are a variety of triggers for such volatility. Here are a few of them: