5 Reasons It’s A Good Time To Start Digital Assets Trading During COVID-19 Quarantine
Amidst the global pandemic known as COVID-19 that is spreading all over the world, most professions that require human contact have been affected significantly. The method to work from home has been implemented in many businesses, while others have put their workforce on Leave Without Pay conditions. All these factors mentioned have led us to believe, investment in digital assets may be one of the most viable alternatives following these reasons.
Easy To Sign-up Online – Trade Instantly
One of the advantages of digital assets trading is that all processes concerning registration on digital assets platforms are all executed online. The processing time from the flow of Sign Up, KYC (Know Your Customer – an identification process similar to a traditional banking system), Linkage to current bank accounts, Deposit, and Trade will only take a few hours. There is no requirement for any physical paperwork. The registration process is more convenient with only an ID which you must upload. The almost-instant onboarding process provides a great opportunity for people with no crypto accounts.
The market is on the rise
After Bitcoin and other Cryptocurrencies were liquidated along with stocks, gold, and oil, now price recovery is on-going and could potentially go up.
The COVID-19 crisis is expected to have an impact on all business sectors for the rest of 2020. The stock market has responded to the COVID-19 pandemic with worrying volatility, as traders have panic-sold out of fear. The price of gold is facing uncertainties while the global oil and gas industries have faced a significant threat which has resulted in the increasing attractiveness of the Cryptocurrency market.
24 Hours Availability
For those of you with extra free time working from home, and those with flexible working hours, Cryptocurrency should be the best option as trades can take place 24/7. Traders are able to buy-sell at the time of their own convenience, starting with just a few thousand Baht.
Profit From Cryptocurrency Market Volatility
The cryptocurrency market is one of the most volatile in the entire world. Not only is it trading 24/7 but it is also an incredibly young market. As such, it’s inherently volatile. Luckily, where there’s volatility, there’s room for more profits. You need to gauge your strategy based on how much risk you are really ready to put on the line. One terrible decision can wipe out your months-long gains so you need to be careful. As they say, high risks always come with high returns.
Many Cryptocurrencies to Choose From
Besides Bitcoin, which is the highest capital market and most well known, there are also many Altcoins options including Ethereum which is on the rise with DeFi trend, XLM and XRP which are being used by traditional banks as well as money senders to transfer funds overseas, and other coins like USDT which is widely used for a plethora of different cases ranging from payments to loans to trade finance and etc.
After all, every type of investment will come with risks. Digital Assets enthusiasts must study thoroughly before making a decision while setting a clear limit for a level of volatility that one can handle.
Most importantly, always invest with a digital asset platform that has been approved by the SEC only.
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