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Hello friends.
What is actually going on when a person is trading? More specifically – when you trade cryptocurrencies.
Well, the actual process of trading is what in major way determines the price, the value of each cryptocurrency. Since crypto is a fairly young technology it is impossible to establish its value objectively, there’s no value per se. No goods or services are being produced, no gold standard, there’s central organization behind bitcoin whose reputation would be a marker.
But since the value of crypto is undeniable and it’s the future of money where no government can possibly intervene and/or bankrupt any currency – the market comes into play. Millions of people decide how much they are willing to pay for each currency every day – offer and demand balance things out to provide us with a new world where lots of cryptocurrencies coexist and can be traded. Playing on the fluctuations and price tendencies can be very fruitful if done with caution and good understanding of the nature of ongoing processes.
Cryptocurrency trading is an ongoing endeavor of redistributing the trust and attention each cryptocurrency gets and deserves from international society. Traders are shaping the future of economies by determining the value each currency deserves. And it can make one rich if the process is controlled and understood correctly.
Trade smart.
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