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Who controls the bitcoin trade?

| April 22, 2021, 08:00 AM

The most common questions asked by beginners in crypto-trading usually comprise of the ‘how’s and ‘when’s. This can be explained simply on the popular terms of crypto-mining which narrows down the major factors affecting the growth of digital currency to ‘mode of trading’ and ‘time’. For example, the first thing that comes to the mind of those newly interested in crypto-markets will be ‘how to earn profits in bitcoin?” Now this is due to the increasing popularity of bitcoin in general and the fact that investors do not usually incur losses after joining a ‘hot-wallet’, and this idea has escaped the world of trade into the public over time, therefore, making the next best question, ‘when should I invest in bitcoin’? But often new traders get diverted from this practical approach and wish to receive some insider information for faster growth in their trading experience. For information, you can only rely on trustworthy sites such as Trading Websites. This is expectable as generally, people make the mistake of considering the digital currency exchanges market the same as the mutual funds or other share-holding markets. This misconception often leads to the idea that the crypto-market, especially the bitcoin exchange platforms, are controlled by certain individual organizations or firms like any other business industry. The question then asked is ‘who controls the bitcoin trade?’. Well, ‘control’ in the context of this vast exchange market exists in form of security checks and set standards for hot-line trading where bitcoins are not mined offline but circulated online, over time, and its value gradually increases. These rules are generally regulated by the governments of each country that allow crypto-trade within and internationally, however, issues relating to the exploitation of the digital asset resources or violation of the laws must be reported to the FATF or Financial Action Task Force, an inter-governmental institution to combat global asset laundering, headquartered in Paris, France.

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But there is no controller or ‘king’ of the bitcoin trade. As of the primary days of mining crypto-currency when a separate server had to be set up to generate the currency and take it through a close-ended chain where the end meant storing the culminated value as an asset for future circulation, there were certain trading ‘agencies’ who had an upper hand in providing you with services like crypto-banking, asset management, and personal trading advisors. But now is an era of self-dependence when the financial establishment is a popular goal and necessity. These are the days that tell us that time really is money and to make more money in less time we ought to have the right resources at the palm of our hands. Then the question can be asked again, ‘who controls bitcoin trading?’, well, you do. With the right tools and intuition, you can become the ace trader in crypto-currencies.  But how is that made possible?

To a trader’s rescue come crypto-wallets and Decentralized Exchange platforms where trading is made easier, more interactive, and less risky. To put it simply, these are computer soft-wares synchronized online for flexible data storage and encryption compatible on all kinds of smart devices like phones or PCs. These have versatile interfaces which suit the interest of both kinds of traders – freshers and experienced and even non-trading researchers who are curious about this global trend of digital assets. So what help do these online platforms actually provide and how effective are they?

Statistics show that DEx platforms perform twice as good as manual brokering agencies or independent agents because of their intelligent automatic functionality, especially the automated execution of ‘smart’ contracts which generate profit according to markets trends and price shifts, keeping up with exchange rates and renewing themselves upon one-touch confirmation from investors.

Apart from this intelligent and intuitive approach, these soft-wares serve the advantages of:

  1. Being versatile in sense of inter-currency exchange, which allows a trader to transfer asset value from one type of digital currency to another based on the persisting rate of exchange.
  2. Providing precise and personalized triggers of available hot-line trades which match the preferred signals you have set and even suggest default signal settings to boost your first-time trading experience and effect higher potential, all over.
  3. Educating every registered member on the latest updates about liquidity rates, FATF regulations, price shift percentile, and other market factors.

There are several options available to start your trading experience. Registering with them is free and trading is just three easy online steps away: entering basic information about yourself, setting up a free account, and making the minimum wallet deposit to start earning in bitcoins!

Severn Bank

Category: Local News, NEWS

About the Author - Stephanie Maris

Stefanie is a local blogger and social media content marketer from Maryland and most recently a wife and a mother. She has an unhealthy obsession with puns, sarcasm and caffeinated beverages.

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