Post
Topic
Board Economics
Re: The Risks and Rewards of Cryptocurrencies
by
koura_cc
on 06/09/2019, 06:50:03 UTC
BBC recently did a interview around the volatility of cryptocurrencies. I think we are still so early in this industry but I would love to know your thoughts about where we are going and how you think the landscape will change.

People in the podcast include:

Marc Warne, Founder, Bittylicious
Jemima Kelly, reporter, FT Alphaville
Dave Jevans, CEO, CipherTrace


https://www.bbc.co.uk/sounds/play/m000676m

Even when crypto is highly volatile, and therefore risky, it doesn't mean it's necessarily a downside aspect of it. This aspect is actually quite convenient if your objective is to turn into a crypto trader. The volatile fluctuation it's what makes it an effective trading asset allowing you to buy low and sell high if you follow the market closely and exercise a correct timing. Besides in crypto’s case the volatility isn't manipulated by a single elite and privileged group, like what you have in oil investments, this volatility is influenced by many factors and players, but it’s also resulting of the trading in itself.