Technoloader IT Services Pvt. Ltd. Top Blockchain Game development company launched Trade The Games. TTG is a platform that conveys the idea of crypto trading and fantasy gaming together. The CEO, Vipin Kumar, said “ Trade The Games has been created to make individuals familiar with the crypto trading climate. On this Platform you can utilize your crypto trading abilities and bring cash online to win contests and earn money online.
For children who have grown up in a digital world, the idea of non-physical currency is probably something they have already got to grips with through playing online games. This digital world provides facilities with numerous opportunities. So, what actually is Crypto trading? What are cryptocurrencies? What are the opportunities? And what should youth be aware of if they are interested in Crypto trading or investment.
What actually is Crypto Trading?
A ‘crypto’ is a piece of date used as a medium of exchange. Cryptocurrency trading is the act of speculating on cryptocurrency price movements via a CFD trading account, or buying and selling the underlying coins via an exchange. It basically involves buying and selling cryptocurrencies for profit.
If we talk about the traditional stock exchange that closes at the end of the day, cryptocurrency trading is very different from it. The cryptocurrency trading is a 24-hour market. This is the biggest flex of Crypto trading. If conventional currencies have a foreign exchange, cryptocurrencies have their own digital currency exchange where people can engage in trading coin.
Cryptocurrency has become an increasingly familiar term since the first emergence of bitcoin in 2009 and to start trading people need to choose a cryptocurrency wallet and a cryptocurrency exchange to trade on. But what is a Bitcoin? It is a decentralized currency that uses peer-to-peer technology, which enables all functions such as currency issuance, transaction processing and verification to be carried out collectively by the network.
Bitcoins are created digitally through a mining process that requires powerful computers to solve complex algorithms and crunch numbers. They are currently created at the rate of 25 bitcoins every 10 minutes and will be capped at 21 million, a level that is expected to be reached in 2140.
Today’s youth show an immense interest in crypto currency but why should they be encouraged regarding this choice?
This is because cryptocurrencies such as bitcoin is the currency of the future. Cryptocurrency also removes central banks from managing the money supply since over time these banks tend to reduce the value of money via inflation. Youth should be engaged in crypto trading because cryptocurrencies offer their owners the opportunity to earn passive income through a process called staking. Crypto staking involves using your cryptocurrencies to help verify transactions on a blockchain protocol.
Crypto currency markets are decentralised, which means they are not issued or backed by a central authority such as government. Instead, they run across a network of computers. Unlike traditional currencies, cryptocurrencies exist only as a shared digital record of ownership, stored on a blockchain.
Also Read: Invest in Gold and Silver using Blockchain
Crypto trading gives you a high chance to earn high percentage gains. Unlike fair currency, where prices don’t move by 1% every day in short-term crypto trading, prices can double overnight and this is the reason today’s youth is being attracted. Also, at present there are more than 1.5k different cryptocurrencies for trading. This means there are more chances of making a profit in the trade and not only that, but the volume of trades is also high. Crypto trading is easy as well as it needs less time. You need not go through complete trading charts and analyse them fully. the most exciting advantage of crypto trading is that you don’t need lots of money to start. You can buy a little number of coins and hold it until its price gets higher. This in turn means you will have less stress.
The volatility of cryptocurrencies are often likely to attract speculative interest and investors. The rapid fluctuations of intraday prices can provide traders with great money-earning opportunities.
One of the most important aspects of crypto trading is that when you start trading, you may probably loose all your investment. Secondly, never make trades that are not affordable to you. If you make this mistake, you will lose everything. Thirdly, learn from your losses as they will make you successful in the long run. Therefore, every strategy has its own pros and cons similarly crypto trading too has its own losses and gains but the most important aspect is that if you want to build an empire you would have to tale risks. Trade The Games is one such platform that helps ace at trading without putting a single penny at risk. It lets every individual play profitably.