Cryptocurrency: Set To Disrupt the Stock Market?
- Written by News Company
Cryptocurrencies have been around for a number of years. But it is only recently that things have started to gain traction in the cryptocurrency world; they are changing the landscape of things for sure. For starters, cryptocurrency or blockchain were seen as being quite dark and only associated with those on the dark web. But last year in particular saw a massive rise in the price of the likes of Bitcoin, so more and more people were wanting to have a piece for the action. But are they set to disrupt the stock markets?
While it might sound like a bold claim as the stock market has been going for over a hundred years, it isn’t actually too far from the truth of what could happen. Wall Street has been looking down and depressing recently, but cryptocurrency on the other hand, has been mimicking the trends and behavior of more traditional financial markets. But is it the traditional markets that are impacting cryptocurrency, or the other way around? What kind of correlation is there between these two similar, yet rather different, markets?
INVESTING
If you want to trade in cryptocurrencies, then for many that are investing in it, it is filling a gap. It is pretty similar to trading in the traditional markets, or using things like an algorithmic trading platform to help. Let’s face it, whether it is the traditional stock market or in cryptocurrency, there are the same three things that are met when you trade; those three things being motivation, profit, and ownership. Trading in either way can still fulfill those three things.GOING GLOBAL
If you want to invest around the world, then until recently, and doing it through the traditional stock market methods, have been pretty long and a painstaking process to go through. But cryptocurrency is proving much simpler to trade with all around the world. So if you are a global investor, or want to be, then it can be easy to see why cryptocurrency does have the traction that it currently has. Alternatively, a combination, crypto trading, could be a way to combine both. It all goes to show just how much crypto is and will carry on, shaking up the traditional financial market.All in all, it has been pretty easy to ignore cryptocurrencies until now. If you weren’t bothered about them, then fair enough. But it is quite clear to see what they are sticking around, when at first they might have been seen as a bit of a fad of the dark web. They are definitely being seen as a serious way of investing your money at the moment, though, and who knows, perhaps they could overcome traditional routes and become a main way of investing. Only time will tell on that, but for now, it does look like it is here to stay and here to shake things up a little.It would be great to hear what you think about this. Have you invested in cryptocurrency at all?