If you haven't tried trading in Bitcoin or the likes where have you been? Since its explosion onto the market back in 2010 Bitcoin has been the poster boy for all cryptocurrencies, with many following in its path. Here are some reasons why you should consider adding the crypto market to your portfolio.
- It's open 24/7 - Apart from scheduled down-time to improve servers the crypto market is always open. This means whenever you have the time you can hop on the market and make trades. Which is much handier than traditional stock markets which open and close within their respective timezone.
- High volatility presents opportunity - Some people might see this as a negative but I prefer to see it as an opportunity to make a consistent profit quickly. As opposed to the FX market, for example, you might have to wait days/weeks to make a 1% margin on your investment. This presents ample opportunity to the casual, short-term investor.
- Less trading costs than traditional exchanges - Cryptocurrency exchanges cut out the usual intermediaries needed to trade. Such middlemen often add little value yet create expensive additional charges. By removing these intermediaries and allowing peer to peer trading, costs can be reduced and fees made significantly more competitive.
To get up and running with Crypto trading we have provided a free guide below.
