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How Can Bitcoin Make Sense?

As you know, Coinbase is a known name when it comes to digital currency; we see their users mostly dealing with coins like bitcoin and ethereum.

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Inside Bitcoin is a good trading platform

As you know, Coinbase is a known name when it comes to digital currency; we see their users mostly dealing with coins like bitcoin and ethereum. Last week, we realised that the company’s revenue has now gone to a huge level, giving a hike of around 847% in the maiden quarter and then went on to score approximately 1.8 Billion USD. We see the figure for the number of users has crossed to 56 million who remain the verified users.

We have seen the company being created more than a decade ago to come up amidst the revenue going high when several people in this domain have seen defining it as a watershed. Nasdaq has announced the price of the same to be around 250 USD per share when it comes to Coinbase Global Inc.

One can find the reference cost of the offering cost for many investors who purchase the same to be an interesting share. At the same time, we would rather be seeing it as a benchmark for the performance that has given the stock starting the trade. One can find the opening public cost to be defined with the help of buying and selling the orders seen getting collected by the Nasdaq that has come along with the broker based dealers.

The listing can gain a huge surge for the company as Coinbase has been talking with Wall Street when it comes to doing a debut via the direct listing instead of making it in a common route that has reached the IPO, which is the right step making some sense for the bitcoin and other digital currency based platforms.

If you are interested in buying a digital currency like bitcoin, you have two different ways to adopt it. The first one deals with deploying high end and powerful computer systems to mine bitcoin that comes with the help of solving several complex mathematical problems or even buying the same in exchange. The former seems to be a difficult and expensive affair as it demands too much expertise and skills, while the latter would need the opening of an account with the help of an exchange.

Bitcoin Cryptocurrency

Coinbase can be called an exchange, and for many digital money lovers, Coinbase offers them the opportunity for the same. Coinbase is straightforward in its operation when it comes to online exchange as it helps many retail buyers and sellers meet the same in the middle and get the cost for the same. This way how things start and proceed ahead.

Just before the day of Bitcoin listing at Coinbase, we see it touching the cost of around 62K USD, which is the highest so far this year ever since it has gone higher and higher this year. Bitcoin is, therefore, the biggest digital currency when it comes to growing the mainstream acceptance of the Coinbase listing. The next digital currency is Enthereum, which is also at the highest level with the cost of 2205K USD as recorded this month.

The means of payment using this digital currency too have increased in the recent past. Many top companies like BNY Mellon, Tesla and Mastercard Inc seemed to have invested a huge amount of money in digital currency, Bitcoin appears to have topped 60K USD last month, and now it has gone up some more in the recent days.

Thanks to the power fueled by Tesla’s decision to invest around 1.5 Billion USD that has now increased the price over the balance sheet. The Covid times have given a tough time to the government. They invest huge amounts when supporting the measure along with the central banks, creating too much extra money to stimulate their finances and economies. All thanks to the investors and their inflation that are seen making the cause go up.

As per reports on ad revolution, since Coinbase has more users with a higher margin of profits, they are likely to remain on the top when compared to Wall Street.

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Bitcoin

What are Stablecoins? Are they a better investment than Bitcoin?

Stablecoins are already being used in countries where national currencies are unstable. As such, stablecoins are seeing wide usage in mainstream commerce

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Stable coins are the type of cryptocurrency

Stable coins are the type of cryptocurrency which attributes their value to a tangible asset. The main types of stable coins include fiat collateralized, crypto collateralized, non-collateralized, and commodity collateralized. This year, gaining significant traction is gold-backed stablecoins, which can be purchased on a gold-backed cryptocurrency exchange like Gold Exchange.

This backing stabilizes the price, making it less volatile than other cryptocurrencies. That said, cryptocurrencies like bitcoin and Ethereum offer investors a host of benefits. Among these benefits is not needing a trusted intermediary to institute and send payments, making trades available to anyone worldwide.

1. Investing in stablecoins

Stablecoins are already being used in countries where national currencies are unstable. As such, stablecoins are seeing wide usage in mainstream commerce and, more specifically, in overseas payments to avoid fiat to fiat conversions. Furthermore, stablecoins have also been seen as an effective method for transferring money back to families in foreign countries. Being used as a means of trade, can stablecoins be used for more? Say, an investment vehicle?

Consider that the coin is only as strong as the asset that backs it. Therefore, assets tied to the U.S. dollar are said to decline over time since the U.S. dollar itself is not a good investment. It is less volatile than cryptocurrencies and other fiat currencies, but that doesn’t necessarily make it a good investment.

Cryptocurrencies are intended to be decentralized, so many of these benefits are lost when pegging it to a centralized asset. That said, for investors looking to invest in stablecoins, it is advisable to take the same steps as when you would investigate any other financial investment to ensure that the company is reputable and consider the centralized asset’s health.

Bitcoin Cryptocurrency

Since gold and other precious metals are already good investments, the gold-backed stablecoins issued from a reputable company will provide investors with a safe investment opportunity.

Furthermore, stablecoins can be a good investment since they are liquid assets. This is because stablecoins can be converted quickly and easily to the underlying fiat currency than Bitcoin transactions which may be slow to complete. Furthermore, these investments are generally lower risk and can help investors achieve their diversified portfolio.

Another main factor that has influenced the growth of stablecoins is the increase in venture capital money. Many opportunities exist for new business models to emerge in the stablecoin market providing new ways for venture capitalists and regular investors.

2. Investing in bitcoin

In comparison, buying bitcoin is a much more speculative investment. The price of the asset can rise or drop at any time. Bitcoin also exists outside government regulation, even compared to a stablecoin that is typically backed by government-secured support. That said, bitcoin isn’t hard to buy or sell and has utility when making purchases.

Furthermore, the adoption of bitcoin around the world is also accelerating. Bitcoin originally came into circulation out of the financial crisis in 2009 due to bank failures and government bailouts. With new uncertainty entering the economic landscape, many continue to turn to bitcoin, the original cryptocurrency, as a haven. As a result, businesses and consumers that have never invested in bitcoin before are now looking at opportunities to purchase it.

Therefore, having some bitcoin is considered worthwhile if it is classified as a high-risk, high-reward asset accompanied by other more stable assets.

3. Stablecoins vs bitcoin

Many new cryptocurrency investors look to bitcoin as their first introduction to cryptocurrency investments. However, this isn’t the only cryptocurrency investment that can prove to be a good investment. Stablecoins offer many benefits when compared to bitcoin, although it isn’t necessarily a better investment.

Instead, it depends on the investor’s intentions and risk appetite. Stablecoins are stable and will hold their value relatively well over time. Bitcoin is volatile, but that is advantageous for investors who want to take advantage of these trading swings.

Therefore, a combination of both assets will prove to be the best long-term strategy for investors.

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