Bitcoin Up

Is it The Right Time to Trade Cryptocurrencies?

For the short time they have existed, cryptocurrencies have outperformed every other financial asset. From the onset, critics have always called out for their demise. But cryptocurrencies have not only stood the test of time, but they have also evolved to become more than an alternative to fiat; they are also now a solid digital store of value. Cryptocurrencies had an impressive first decade, but investors have always had issues with the volatility associated with their price action. But it is this volatility that offers numerous lucrative opportunities in the CFD market, where investors can make money in rising and falling markets.

But is it the right time to trade cryptocurrencies? There could never be a better time. The world is now reeling under the effects of the global coronavirus pandemic. All traditional financial markets have been under pressure and investors have seen their portfolios shrink incredibly in just the first few months of the pandemic. In contrast, cryptocurrencies have defied the price action of traditional markets, and after an initial dip, they have recovered to post impressive gains for value investors. But volatility has remained a mainstay, with wide price fluctuations providing investors with constant day trading opportunities round the clock. With the Bitcoin Up, no opportunity will be left unexploited.