Connect with us

Crypto-Currency

Big Investors Pump In Over Twenty Billion Dollars Into The Cryptocurrency Market

Published

on

What is Bitcoin Cryptocurrency?

Big Investors Pump In Over Twenty Billion Dollars Into The Cryptocurrency Market

The recent trend and fast rise in the cryptocurrency market have been confirmed to be the result of heavy investors’ activities in the market.

The leader at the coinbase institutional coverage, Mr. Brett Tejapaul in his most recent talk with the Hendrick and struggles company in their youtube video outlet, revealed how the purchase of equities from gigantic institutional corporation Mongols and investors, has sky-rocketed instantly from the short time his vocation took of at the crypto coin exchange organization named “coin base”.

Related: Review of iPhone 11 smartphone

He revealed in his statement saying this  “We’ve had a blast of activities since I joined in April of this year” in explaining this he said, ” as at that period, our organizational assets under care was a total six billion Dollars”. He then drew a comparison asserting that  “today, we sit at over twenty billion dollars, which means that so far, there has been more than a three-time increase”.

big investors

Tejpaul in being methodical said, “We’re now calculating the recent stock coming into crypto especially capital allotted to Bitcoin in billions of dollars”. Furthering he boasted “therefore week after week we’ve had an explosion of trickling capital”.

After these statements, he quickly narrated the role financial institutions like hedge funds, banks, PayPal, and their likes play. Speaking on this he said that “For individuals relaxing on the sideline, it is now obvious how the major banking institutions, the leading accounting firms, prominent hedge funds, promising endowments, and PayPal are now getting into space. He concluded this particular statement with the notion that ” the second wave of this institutional adoption has been unleashed”.

Related: Cryptocurrency the best bet as Nigeria hits recession again

Remember, a few days back, it was recorded that bitcoin cryptocurrency hit eighteen thousand dollars. Since then it has still been adding value. It is in this light that hefty investors have vowed to invest heavily in this rapidly growing opportunity.

As proof of these statements, De Vere Group, a very respected and world-recognized independent monetary advisory firm, uncovered how 73% of poll participants have already plunged in huge capital in these digital assets such as XRP, Ethereum, bitcoin, and their likes. They also forecasted that there is most likely to be a rise in the general percentage before 2022 comes close.

Without missing out that the focus of the world appears to have been carried away by the crypto stories, reports have pointed out how the Bitcoin whales grew at an alarming pace.

Information obtained from Glassnode, which is a popular crypto analytic company, bears that the figures of Bitcoin whales (entities holding ≥ 1K BTC) has been scaling heights for the prior months.

Business technicians conclude that the heightened buying tensions by such leading institutional brands are partly liable for the non-dilutable crypto current increases.

The analysis of all these statements and financial records show that investing in cryptocurrency is not a wrong action after all.

It is therefore indirectly advised that interested candidates should join the moving train to make profits before the prices of these coins become unbearably high.

 

Comments

comments

Welcome!! I am Denwigwe Blossom a writer with top-notch skills. Interesting conversations and strategic thinking is my specialty. By the way, I love playing chess and i love to write.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Companies

What is Cryptocurrency And How Does It Work? 

Published

on

Obiex finance website

Cryptocurrencies are decentralized digital assets that operate on blockchain technology that in turn operates by storing a ledger of every transaction on all nodes powering the blockchain. 

In layman’s terms, blockchain technology is like a record keeper, it collects data (in blocks) and links one block of data to another, forming a chain. The data on the blockchain is open for all to see and cannot be easily altered. Blockchain technology can be used for a variety of use cases besides cryptocurrency, ranging from voting to crowdfunding, keeping health records, etc.

Using Bitcoin as an example, nodes are computers connected to the network to mine Bitcoin,  – this collection of independent nodes working together is what makes the network decentralized.

The decentralized nature of cryptocurrency is down to the creators recognizing flaws in traditional banking & financial systems like governments and financial institutions acting only in their best interests and not in the best interest of the common man, leading Satoshi Nakamoto (the creator of bitcoin and blockchain technology) to take steps to rectify that.

Related: What are NFTs?

To make cryptocurrency transactions, you will need to have a set of both public and private keys that will act as passwords protecting your crypto wallet. 

The Public key is connected to your wallet address, allowing you to share the address with others to receive cryptocurrency, while the private key is known to only you and is what you will use to approve outgoing crypto transactions from your wallet. 

Trading Cryptocurrency on Obiex

Obiex finance website

With the popularity of cryptocurrency trading currently at an all-time high, the biggest challenge for many rookie traders is selecting which cryptocurrency exchange to trade on.

If you fall in this category, the immediate priority should be finding an exchange that allows rookie traders to make trades easily, doesn’t charge extra fees and is completely secure. That exchange is Obiex Finance.

In this guide, you will be shown how to navigate the Obiex mobile app & website easily and what to do to get started with making cryptocurrency trades. 

Getting started with Obiex Finance 

Obiex Finance is a digital asset exchange and financial technology (Fintech) platform that gives its users the ability to easily execute cryptocurrency trades from anywhere regardless of their skill level.

Their commitment to ensuring that users get the best experience is shown in how they allow instant swaps from volatile coins like Bitcoin to stable coins like USDT, and vice versa, without confirmations. In a market where the value of crypto can fluctuate wildly, this feature is especially valuable as it allows users to seamlessly switch between making profits to saving those profits in a more stable currency before the value drops.  

To create an Obiex Finance account, simply head over to their homepage, click on “sign up”, fill in the required fields and verify your email address. After that, create wallet addresses for your crypto assets and you’re ready to start trading!

The cryptocurrency available for trading on the Obiex Finance platform are: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Polygon (MATIC), Dogecoin (DOGE), Tether (USDT), Binance USD (BUSD), and USD Coin (USDC).

Getting Started with Cryptocurrency trading

After creating your Obiex account, you need to follow these simple steps:

  1.     Have a Trading Strategy: Trading cryptocurrency without having a strategy in place is the easiest way to lose your money. You will need to research the various crypto trading strategies thoroughly and choose the one that best suits your needs and temperament. For example, if you’re a patient person who is content to make smaller, safer trades over a long period of time instead of making riskier trades, then scalp trading is the best trading strategy for you. There are also other crypto trading strategies such as Swing trading, position trading, Arbitrage, dollar cost averaging etc.
  2.     Pick the cryptocurrency you’d like to trade: There are several cryptocurrencies available on Obiex Finance such as Bitcoin, Ethereum, Binance Coin, Tether etc. Selecting which cryptocurrency to trade is usually down to making a choice; whether to stick with the safer, more established cryptocurrencies like Bitcoin or to go with the more volatile coins that have a high upside and an equally high-risk factor like the Dogecoin which can move in either direction based on what Elon Musk tweets.

It is also important to note that when you pick a cryptocurrency to trade, it would be wise to ensure that the cryptocurrency matches the strategy you pick. For example, if your preferred strategy is patient scalp trading, then investing in volatile coins that have a high upside but carry a lot of risk is not the wisest move. 

To swap crypto on Obiex Finance, add the wallet of crypto assets you’d like to swap, send the crypto to the wallet you just created, navigate to the ‘swap’ option on your dashboard, and select the coins you’d like to swap. You will receive the swapped coin in your wallet balance immediately without waiting for network confirmations.

  1.     Securely store your cryptocurrency: The same way you’d protect your goods and profits if you had a physical store is the same way you need to protect your cryptocurrency so it doesn’t fall into the wrong hands.

You can store your crypto securely on your Obiex wallet but if you want an alternative, physical wallets are also an option. Physical wallets allow you to store your crypto in secure hardware, offline storage device reducing the likelihood of online hackers stealing your hard-earned crypto. This is a list of reliable physical wallets you can use.

Conclusion

If you’re a newbie to crypto trading, the keyword is patience. Taking the time to properly understand the market before making trades will stand you in good stead. While risks occasionally pay off, a patient, long-term strategy is required to make consistent profits. For more information about trading as a newbie, you can check this out to understand unfamiliar crypto terms and to learn more about spot trading and futures.

Obiex Frequently Asked Questions | Obiex FAQs

  • Will I be charged a fee when I swap coins on Obiex? 

No you won’t. While other crypto exchanges charge for trades and require confirmations to execute swaps, Obiex allows you to make free, instantaneous swaps without the delay that comes with waiting for confirmation. This also helps you avoid unnecessary losses.

  • Can I trade crypto on Obiex if I don’t know much about crypto? 

Yes, you can! The Obiex Finance platform allows both rookie and experienced traders to make easy, safe trades regardless of trading experience.

  • Can I send and receive crypto easily?  

Yes, you can. To send crypto, you will use your private key to execute outgoing trades and your public key/your wallet address to receive incoming trades. You can also send and receive crypto using just Obiex usernames.

  • Why do I need to swap coins? 

Swapping coins allows you to either acquire a coin you think is (currently) more valuable than a coin you have a lot of. You can also use swaps to ensure that your funds are invested in a more secure coin like USDT if you feel the volatile coin you’re holding is about to go on a bear run and lose value.

  • Do I get a referral bonus when I invite friends to use Obiex? 

Yes, Obiex has a referral campaign that rewards users that invite their friends and family to trade the minimum of $10 on Obiex.

 

Comments

comments

Continue Reading

Crypto-Currency

Non-Fungible Tokens (NFTs): What Are They And How Do They Work?

Published

on

Non-Fungible Tokens (NFTs)

Comments

comments

Continue Reading

Crypto-Currency

Is Bitcoin The New Institutional-Grade Safe-Haven Asset?

Published

on

safe-haven asset

Comments

comments

Continue Reading

Trending