Why Trade Cryptocurrencies?
Why trade Cryptocurrencies? Cryptocurrencies are a new asset class based upon a potentially disruptive technology, and so are the focus of intense interest from investors, speculators, and traders. Cryptocurrencies have shown extraordinarily high price movements – high volatility, meaning there are potentially large profits that might be made on both the long and short side, although there is also an accompanying extremely high risk.
In this lesson, we explain how cryptocurrency offers a lot of price movement over all time frames, and differentiate between the time horizons of investors and traders. We review the statistical basis for expecting a high amount of price volatility to persist, and for expecting hot new assets making record high prices to be most likely to continue doing so.
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