As Bitcoin soars past the $30,000 mark, the whole of the crypto market is in the green. Will the trend continue? Where should you buy it? And what about buying alt-coins like Tradecurve, who are set to rival exchanges like eToro?
Read on to find out the answers to these questions.
>>CLICK HERE TO FIND OUT MORE ABOUT THE TCRV PRESALE<<
Should you buy Bitcoin on eToro?
If you’re into crypto, then holding Bitcoin as part of your portfolio makes a lot of sense. In general, the market is determined by the strength and adoption of Bitcoin, and it’s the one currency that, in the long term, has always gone up.
It’s also the one currency that the SEC seems sure is not a commodity.
The downsides of buying Bitcoin are the extreme volatility, and also the fact that you need a large amount of capital to realize large profits.
To give you an example:
Let’s say that the price doubles from the current price (at time of writing) from $30137.82 to $60275.64 and you decide to cash out at this level. Whilst no-one knows for sure where Bitcoin’s price is headed, BTC has reached this level before so it’s not an unreasonable assumption.
If you have $100 dollars and you buy Bitcoin on eToro, after the 1% commission fee and the $5 USD exit fee, you would walk away $193, and so will have made a profit of $93. A good investment, but not life changing.
Furthermore, if you leave your Bitcoin on the exchange, you leave yourself open to risk of a collapse like we saw with FTX, or regulatory issues that we are currently witnessing with Binance and Coinbase – that could result in your assets being frozen, or having to sell at a bad price due to liquidity issues.
What if you buy Tradecurve’s token TCRV?
Tradecurve, unlike eToro, is a decentralized exchange and trading terminal, currently in presale.
They avoid many of the risks and restrictions faced by centralized exchanges, and will offer benefits such as institutional level liquidity, low trading fees, and global access.
The global access part is very relevant right now, particularly for users from the United States, who face increasing regulation. As Tradecurve does not require KYC, this offers freedom and anonymity to traders.
Tradecurve is currently in presale at $0.018. If you spend your $100 on TCRV right now, given that the minimum launch price is $0.088, if you are able to cash out at that price, you will walk away with $488.89, or a profit of $388.89.
Better than Bitcoin, but here comes the exciting part. Again, just as with Bitcoin, no-one can be sure of what the price of TCRV will go to, (and new projects carry significantly more risk than Bitcoin).
However, various market analysts are predicting a 100x from the launch price, especially given the current climate of regulations for CEXes like eToro.
This would result in a price of $8.80 per TCRV. If these predictions are correct, it means that your initial investment of $100 would then be worth $49277.78.
Now that IS life-changing money.
For more information about $TCRV presale tokens:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
