create account

Ask Leo: are there benefits in trading cryptocurrencies? by davchi2

View this thread on: hive.blogpeakd.comecency.com
· @davchi2 ·
$0.97
Ask Leo: are there benefits in trading cryptocurrencies?
<div class='text-justify'>

![stockmarket6695489_640.jpg](https://i.imgur.com/kv1Ek4G.jpg)
[Source](https://pixabay.com/photos/stock-market-gains-investment-6695489/)


In the world today, most people have not realized the need for trading crypto currency probably because of their inefficient knowledge in crypto trading mechanics and techniques. Nevertheless, I'll be elucidating and also expounding on the need and benefits for trading cryptocurrencies.


#### volatility in cryptocurrency.


This is one of the fascinating reason why people must trade cryptocurrencies. The crypto currency market is very volatile as it permits for rapid intraprice volatile perday, and this market occurrence has the potential of boosting traders account perday.

The fact is that every crypto must have a  point of high and low price movement within the day, and these positions are leveraged by different traders in making their profits for the day, although this isn't without risk as everyone is advised to trade what they can afford to lose because of the volatile nature of crypto currencies but this could be curtailed through a good risk management technique.




#### Cryptocurrency market hours is always open for transactions.


This is another exciting concern about crypto currency trading. There isn't any closing period at which the market must shuts down except on rare cases where some exchanges are engaged in some technical maintenance, forks and infrastructural updates, because of the absence of a central government which propells it to keep afloat 24/7.


#### Improved liquidity system.

This' just means the posthaste possible conversion speed through which a particular crypto can mutate to another crypto or cash without having much impact on the market price. Liquidity aid efficient, accurate and accelerated means of pricing and transactions which on the other hand improves the accurate measure of technical analysis.

Comparatively, the crypto currency market has proven liquid because it is traded in different exchanges where these exchanges have different pricing system, and this helps traders in capitalizing on exchanges with lower crypto price difference in placing trades through CFD's and other means.





#### Taking advantage of either the bullish or bearish market within a stipulated time.

When one purchases Crypto currency, he should be expecting price increase in his accumulated crypto portfolio. Similarly, when a trade trades in the price of a crypto probably through CFD or Future, it is expected that he takes advantage of either the bear of bullish market within the day.



#### Leveraging advantage

This is another benefit of trading cryptocurrency. Many exchanges has the margin and futures CFD trading mechanics where a trader mayn't be in full possession of an asset but has the advantage of leveraging on a stipulated percentage of an asset although this is not without risk as one may loose or gain % of his staked asset which is the very reason why everyone is advised to trade what he can afford to lose.


On the other hand, it is advisable to always set a good risk management measure as to help in mitigating against liquidating all your assets because of the rate of volatility in cryptocurrency.

<center>Conclusion</center>
Trading crypto currency is highly proficient as it can give back to a trader 100% of his input within a given time period but it is more advisable to always set a good risk management parameter especially for CFD traders against losing all of one's asset in the course of trading. Thanks for checking on my article for today.

 </div>



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@davchi2/ask-leo-are-there-benefits-in-trading-cryptocurrencies)
👍  , , , , , , , , ,
👎  
properties (23)
authordavchi2
permlinkask-leo-are-there-benefits-in-trading-cryptocurrencies
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["neoxian","crypto","trading","finance","leofinance"],"canonical_url":"https://leofinance.io/@davchi2/ask-leo-are-there-benefits-in-trading-cryptocurrencies","links":["https://pixabay.com/photos/stock-market-gains-investment-6695489/"],"image":["https://i.imgur.com/kv1Ek4G.jpg"]}
created2022-12-06 09:11:54
last_update2022-12-06 09:11:54
depth0
children5
last_payout2022-12-13 09:11:54
cashout_time1969-12-31 23:59:59
total_payout_value0.484 HBD
curator_payout_value0.483 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,750
author_reputation61,598,970,654,716
root_title"Ask Leo: are there benefits in trading cryptocurrencies?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,890,800
net_rshares2,069,757,009,731
author_curate_reward""
vote details (11)
@ecency ·
**Yay!** 🤗<br>Your content has been **boosted with Ecency Points**, by @davchi2. <br>Use Ecency daily to boost your growth on platform! <br><br><b>Support Ecency</b><br>[Vote for new Proposal](https://hivesigner.com/sign/update-proposal-votes?proposal_ids=%5B245%5D&approve=true)<br>[Delegate HP and earn more](https://ecency.com/hive-125125/@ecency/daily-100-curation-rewards)
properties (22)
authorecency
permlinkre-2022127t15319759z
categoryhive-167922
json_metadata{"tags":["ecency"],"app":"ecency/3.0.20-welcome","format":"markdown+html"}
created2022-12-07 15:03:18
last_update2022-12-07 15:03:18
depth1
children0
last_payout2022-12-14 15:03:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length377
author_reputation549,956,868,457,730
root_title"Ask Leo: are there benefits in trading cryptocurrencies?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,924,040
net_rshares0
@hivebuzz ·
Congratulations @davchi2! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@davchi2/upvotes.png?202212071727"></td><td>You distributed more than 200 upvotes.<br>Your next target is to reach 300 upvotes.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@davchi2) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hive-102201/@hivebuzz/wc2022-recap-r16-day4"><img src="https://images.hive.blog/64x128/https://i.imgur.com/uNPMgnd.png"></a></td><td><a href="/hive-102201/@hivebuzz/wc2022-recap-r16-day4">HiveBuzz World Cup Contest - Round of 16 - Recap of Day 4</a></td></tr><tr><td><a href="/hive-139531/@hivebuzz/proposal-2324"><img src="https://images.hive.blog/64x128/https://i.imgur.com/RNIZ1N6.png"></a></td><td><a href="/hive-139531/@hivebuzz/proposal-2324">The Hive Gamification Proposal Renewal</a></td></tr><tr><td><a href="/hive-122221/@hivebuzz/pum-202211-delegations"><img src="https://images.hive.blog/64x128/https://i.imgur.com/fg8QnBc.png"></a></td><td><a href="/hive-122221/@hivebuzz/pum-202211-delegations">Our Hive Power Delegations to the November PUM Winners </a></td></tr></table>

###### Support the HiveBuzz project. [Vote](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22248%22%5D&approve=true) for [our proposal](https://peakd.com/me/proposals/248)!
properties (22)
authorhivebuzz
permlinknotify-davchi2-20221207t175623
categoryhive-167922
json_metadata{"image":["http://hivebuzz.me/notify.t6.png"]}
created2022-12-07 17:56:24
last_update2022-12-07 17:56:24
depth1
children1
last_payout2022-12-14 17:56:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,676
author_reputation368,219,185,896,356
root_title"Ask Leo: are there benefits in trading cryptocurrencies?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,928,975
net_rshares0
@davchi2 ·
Wow! I'm really grateful for the new badge thanks. 
properties (22)
authordavchi2
permlinkre-hivebuzz-2022127t191215822z
categoryhive-167922
json_metadata{"tags":["ecency"],"app":"ecency/3.0.35-mobile","format":"markdown+html"}
created2022-12-07 18:12:30
last_update2022-12-07 18:12:30
depth2
children0
last_payout2022-12-14 18:12:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length51
author_reputation61,598,970,654,716
root_title"Ask Leo: are there benefits in trading cryptocurrencies?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,929,379
net_rshares0
@shakavon ·
RE: Ask Leo: are there benefits in trading cryptocurrencies?
How about using cryptos to buy real goods? 
that's an option also.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shakavon/re-davchi2-2wg1z4)
properties (22)
authorshakavon
permlinkre-davchi2-2wg1z4
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@shakavon/re-davchi2-2wg1z4"}
created2022-12-09 12:23:00
last_update2022-12-09 12:23:00
depth1
children1
last_payout2022-12-16 12:23:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length160
author_reputation4,685,913,114,397
root_title"Ask Leo: are there benefits in trading cryptocurrencies?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,974,287
net_rshares0
@davchi2 ·
Yeah, actually you're right. We do buy really goods using crypto in Amazon and many other platform. Thanks for checking in.
properties (22)
authordavchi2
permlinkre-shakavon-2022129t172217460z
categoryhive-167922
json_metadata{"tags":["hive-167922","leofinance"],"app":"ecency/3.0.35-mobile","format":"markdown+html"}
created2022-12-09 16:22:18
last_update2022-12-09 16:22:18
depth2
children0
last_payout2022-12-16 16:22:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length123
author_reputation61,598,970,654,716
root_title"Ask Leo: are there benefits in trading cryptocurrencies?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,979,247
net_rshares0