Cryptocurrency or crypto currency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the process of creating additional units, and verifying asset transfers.
The most famous crypto currency is bitcoin. Besides bitcoin, there are thousands of cryptocurrencies, including ethereum, litecoin, ripple, stellar, dogecoin, cardano, tether, solana, and others.
What is Crypto Money?
Understanding Cryptocurrency as quoted from Investopedia, what is crypto or what is Cryptocurrency is a digital currency that is guaranteed and supervised by Cryptography, a system that protects data from security threats such as hackers.
With impenetrable protection, these virtual assets are extremely difficult to manipulate.
Unlike conventional currencies, cryptocurrencies are currencies that do not have a physical form at all. In addition, the place for Cryptocurrency transactions is only on the online market.
So, crypto is a term used to describe various types of digital currencies, not just Bitcoin. This often happens because Bitcoin is a digital currency with a value of almost 70% of the total value of the global crypto market.
In addition, you must have often heard the term crypto mining or the process of mining crypto, right? This term has recently become increasingly popular because this activity is occupied by many people because it is considered to have a lucrative long-term profit potential.
Therefore, let’s first discuss what crypto mining is and how the actual process of mining crypto itself is.
Crypto Price Factors Up and Down
So what are the factors that influence the rise or fall of crypto asset prices? The following are some of the factors that influence the rise and fall of Crypto Asset prices.So what are the factors that influence the rise or fall of crypto asset prices? The following are some of the factors that influence the rise and fall of Crypto Asset prices.
1. Depends on Supply and Demand
Basically, supply and demand is the law of the market. When a Crypto Asset is popular and in high demand then its price will go up. Vice versa, if supply is high while demand is low, the price will fall.
2. Media Coverage
Media coverage of crypto assets can push crypto asset prices up or down.
An example is if there is news about hacker attacks on crypto servers, or even good news about increasing adoption and infrastructure behind crypto technology.
3. Popularity
The popularity of crypto is one of the factors that cause the price of crypto to rise or fall. In some cases, a sharp drop in price can be influenced by a post on social media and an intentional remark by a famous person in the Crypto Asset world.
In the area of Crypto Assets, news really has a significant influence on the situation on the market.
4. Total Crypto Assets Itself
The volume or number of crypto assets such as Bitcoin and Etherium is still very small and the distribution is uneven.
This makes the price value will be greatly influenced by the actions of the holders of these crypto assets in making sales or purchases.
5.Psychological Factors of Society
Fear and greed (Fear and Greed) is one of the psychological factors that can affect the price of crypto.
For example, the price of bitcoin began to move up much after a long time of no significant movement. This will cause the public to become greedy and buy more bitcoins in the hope that the price will rise even further.
The more Bitcoin buyers, the higher the Bitcoin price will go, and this causes more people to want to buy Bitcoin. When the price of bitcoin starts to touch its peak, many people want to make a profit by selling their bitcoins.
The more people who sell bitcoin, the price of bitcoin will go down. The price that moves down causes fear (Fear) in the public, so that more and more people are selling bitcoins again.
High Risk Crypto Investment
If you stay on the coinmarketcap page, surely the price will fluctuate or go up and down very quickly, the count is per minute. So, for investment instruments, Cryptocurrencies are very high risk. I wonder why?
1. Hanging on to Elon Musk’s pompoms
For those who have played Crypto trading, surely they already know that the tweets issued by Elon Musk are very influential for the increase in the price of Crypto. If the Tesla founder is pompom Dogecoin or other Crypto assets, the price immediately flies in the range of USD 0.5 per chip, then investors buy up Crypto money.
However, if one of the world’s richest people is no longer a Crypto money influencer, such as his tweet about stopping the use of Bitcoin to buy Tesla electric cars, then everything will fall down. Big investors and bookies are busy selling their crypto assets, while small-scale investors have to bite their fingers and lose big.
2. Crazy Fluctuations
It is difficult to predict the value of Crypto currency. You can profit hundreds of percent overnight, but also lose big in an instant. Because, Crypto is included in commodities such as rubber, coffee and others. So, the ups and downs of crypto assets follow supply and demand, all determined by market forces.
Cryptocurrency does not have a clear sales basis. This means you are risking money for something that could be worth zero. In an analogy, if there are no more people in this world who accept Crypto money transactions, then your assets will have no value at all.
3. No Fundamentals for Analysis
For information, Crypto currency is not the same as Rupiah or Dollar. Because, even though it is called a coin or money, Crypto is not a currency that has a fundamental basis such as the economic condition of a country, benchmark interest rates, and other macroeconomic data.
Reporting from Bareksa, Crypto assets also cannot be analyzed in terms of fundamentals, such as shares of issuers whose companies have income, business operations, profits and dividends. As for mutual funds, you can see the contents of their portfolios listed in the fund fact sheet. Therefore, it is very difficult to predict and analyze the valuation or fair value of Bitcoin and other coins.
List of Websites That Provide Latest Cryptocurrency Information
1. Crypto.com
Crypto.com is a crypto supply-neutral engineering and remuneration program where users can order, advertise, and arrive at the crypto supply net. The company, founded by Kris Marszalek, Bobby Bao, Gary or and Rafael Melo on the threshold of 2016, judges to be the largest cryptocurrency developer in the field and has more than 10 million users.
More specifically, users can order and advertise over 250 nets of crypto stocks using over 20 different nets of fiat stocks. In its whitepaper, the company stated that its focus is on riding remuneration solutions such as uniforms towards building adoption and user income, while constructively trading and financial services solutions such as uniform revenue centers. In addition, this service allows users before expanding their portfolios to try and believe in the 14.5% feeling towards cryptocurrencies.
Crypto.com maintains a jostling ecosystem that has been formed since engineering, temples, decentralized financial swaps (DeFi), wallets, non-fungible tokens (NFT) marketplaces, Crypto Earn, Crypto.com Pay, Crypto.org Chain, Crypto Credit and even Tickets linked using Visa through which the user can earn an 8% return feeling after tax filing. Crypto.com Visa ticket users can be sure of my compassion for those who try to spend nationally or internationally, without requiring a minimum or maximum tax.
2. Coinmarketcap.com
CoinMarketCap is the world’s most popular search site for crypto assets in the rapidly growing crypto market. Its mission is to make cryptocurrencies available and efficient globally and empower retail users with unbiased, high-status, and accurate data to extract insightful personal business starch.
Founded by Brandon Chez in May 2013, CoinMarketCap has become the most trusted first by users, institutions, and facilities for sourcing thousands of cryptocurrencies and is usually cited by CNBC, Bloomberg, and other mainstream radio news outlets. (Even US dominance devotes CoinMarketCap facts to determinations and reports!)
In April 2020, CoinMarketCap was acquired by Binance Capital Mgmt. Binance is the world’s largest digital cryptocurrency WC global blockchain company with commerce and user volumes, which has a vision for making cryptocurrencies accessible and systemically important to their peers across the globe.
Through the acquisition, CoinMarketCap looks to kickstart its parent company’s difficult impression of reaching more pervasive facts within the project, reducing data asymmetry within the crypto-shared and impacting higher-status facts to its hundreds of millions of users.
3. Blockchain.com
We are certain that part of one of the ten years of the internet financial system — namely, internet-born commerce — will hold the position of the largest financial structure in the region. And it will be supported by crypto.
Blockchain.com started it like the basic infrastructure bulb for the bitcoin family. First, use Blockchain Explorer which allows anyone to not only watch conversations and monitor blockchain, but also an API that allows companies to help Bitcoin. We also estimate the most popular and widely used crypto wallets that allow anyone anywhere to view their own mobile savings account.
The team itself covered the entire body of the region and the forecast operates without giggling to spur crypto adoption and elevate the era of financial direction. We’re passionate, relentless, and passionate — and we’re sure that the lean crew formed with the ideals of regional families can deliver tools that empower customers themselves and move kulaks to new heights.
4. Coinbase.com
We are helping the crypto economy – a more equitable, accessible, efficient and resilient financial structure that cryptos make possible.
We’re taking a look at 2012 with an aggressive image that anyone, anywhere, should be able to take it easy and calmly and comfortably carry and embrace Bitcoin. Today, I am propagating a trusted and easy-to-use platform ahead of accessing the wider crypto economy.
Customers across the globe are pinning and embarking on an odyssey of cryptocurrencies through Coinbase.
Around 103 million verified users, 14,500 institutions, and 245,000 ecosystem brethren across more than 100 universes empower Coinbase to invest, spend, store, earn, and share cryptocurrencies with ease and peace of mind.
5. Luno.com
Luno is an easy-to-use cryptocurrency practice for all families. We hold reliable and easy-to-use service providers to use, buy and sell cryptocurrencies – without the hassles of previous life. Beta’s mission is to load crypto energy on the part of all families.
This means that the beta doesn’t mix up the hype and it’s useful that you cancel your own capital. We despise the images of planning and not marrying for difficult words. We will test each of your campaigns, and are ready to attend to your every problem, because it’s too much for you to understand. In order for an upas financial system to be fair to all, the story of all families must be understood.
It also states that the beta process leading up to adopting a crypto child is completely inclusive. So far, 10 million families are suspected of crushing before investing in Luno. We are found in more than 40 flowers of the world spread across North America, Africa, Asia and Europe, and will spread to many other worlds. Because the rotation of the financial system is willing to involve all families, everywhere.
And it contains beta always maintains the safety of beta customers. We work with convention-forming rubber bands across the world and many cryptocurrencies that are beta-stored before you suspect are verified by independent auditors. We believe that the radicalist images aimed at the masses and the family are too much before they reach full power. We are here part in the long term and beta asks you to participate in this journey along with beta.
6. Coindesk.com
We are currently working on the most bearable and trusted facts guideline ahead of the global community involved in the mainstream of finance and the emerging crypto economy. CoinDesk is an integral guide to the ride, schedule, data & formation ahead of the next tier of investment and ten-decade cash flow.
Leading journalists and cryptocurrency experts are featured on top-of-the-line platforms including Axios, Bloomberg, Business Insider, CBS News, CNBC, The Economist, Financial Times, Forbes, Fortune, MarketWatch, Nasdaq, The Wall Street Journal, and USA Today, Finance Yahoo!
The CoinDesk index is a market bund. They are conventional airlines ahead of institutional phase cryptocurrency policies using billions of pesos a share in monthly trading volumes quoted against them. The CoinDesk Bitcoin Price Index (XBX) trust is a spot reference class leading up to BTC that works on the basis of the prime general bitcoin contribution in the sky and the prime bitcoin ETF in the sky.
CoinDesk manages various airline schedules and webinars every year, including the schedule for the annual May Consensus Summit each chamber, interviews with holders of the biggest and most important stakeholders in the global crypto and blockchain ecosystem.