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TRGranimator
Build Your Trading Knowledge with Detailed Resources and Tools
Granimator
Granimator is an advanced cryptocurrency trading platform that provides traders with informational resources and tools to keep track of shifting trends in the market. Additionally, it aims to make these features easy to access through a simple registration process.
It’s a highly secure platform, and ensures to keep trader information safe from cybersecurity risks. This way, users can rest assured that their confidential information is in a secure place, giving them peace of mind to trade with confidence.
Aside from offering an intuitive trading platform, Granimator features numerous charts and signals. These allow traders to look at changing trends in prices. Rather than looking at different sources for the latest news and assessing how it can impact the market, traders can access everything in one place with Granimator.
This way, they never risk missing out on a possible lucrative opportunity. Not to mention, the platform’s vast collection of informative materials mean that beginner traders can build their knowledge and learn more about the cryptocurrency market. Knowing how changing financial conditions around the world can impact the crypto industry is helpful to try and predict upcoming changes in market conditions.
Over the past few years, cryptocurrencies are gathering plenty of attention among investors outside the immediate crypto community. This has prompted everyone to wonder why retail and institutional investors alike are investing in the asset. Here are some of the most common reasons why.
For starters, the cost of sending and receiving cryptocurrency is much lower than transacting fiat currencies. For instance, domestic wire transfers can cost anywhere between $25 and $30, while international transfers can cost even more.
In contrast, cryptocurrency transfers cost less. And even though increased demand for blockchain-based transactions can raise fees, they’ll still be lower than wire transfer costs.
In many countries, there are few ways to move money faster than through cryptocurrency. Relying on traditional financial institutions to move an asset from one account to another will take between 3 and five days. Meanwhile, wire transfers take at least 24 hours to complete, and stock trades take a minimum of three days.
On the other hand, cryptocurrency transactions take only a couple of minutes to complete. Once the network confirms the block with your transaction, the transaction is settled and you can access the funds.
Compared to traditional bank accounts that are susceptible to various security risks, cryptocurrencies are highly secure. So unless someone has the private key for your crypto wallet, they won’t be able to use it to access your funds. But at the same time, if you end up losing your private key, there’s no way to retrieve your funds.
Moreover, the nature of the blockchain system secures transactions, while a distributed network of computers, also known as miners, verify each transaction. As more and more nodes join the network, it becomes more secure.
In the event of bad actors attacking and attempting to change the blockchain, they would require large amounts of computing power. This is so they can confirm various transactions before the remaining nodes of the blockchain confirm the ledger’s accuracy. Because of this, any attack would require more than a single person, and even if a group were to act with malicious intent, they would need the resources to pull it off.
And if they were to attempt attacking a heavily guarded blockchain such as those of Bitcoin or Ethereum, such an attack would be very expensive. Even if you do hear of hacking attempts regarding cryptocurrency, it’s usually because of low security at centralized exchanges. Hence, keeping crypto assets in your wallet may ensure greater security.
People from anywhere can access cryptocurrency as long as they have a device connected to the internet, such as a smartphone or computer. Not to mention, you can quickly set up a cryptocurrency wallet in a couple of minutes. In contrast, opening an account at most financial institutions requires ID verification, credit inquiry, or a background check.
In fact, a large number of people have limited access to banks. In this case, having an internet connection allows them to access financial services without facing a centralized authority. After all, there are plenty of reasons someone may be unwilling or unable to access a regular bank account. With cryptocurrency, people who don’t have a bank account can send money to friends and family or make online transactions.
Every transaction involving a cryptocurrency is recorded on the blockchain’s publicly distributed ledger. Certain tools allow users to look up crucial transaction information, such as when funds were transferred from a crypto wallet, and to which wallet. Also, anyone can check the amount of cryptocurrency stored in a wallet. Such a high level of transparency reduces the risk of fraudulent transactions. So whenever you send money, you can prove that it was received. Similarly, you can prove that you have the necessary funds available to make a transaction.
When you’re looking to conduct cryptocurrency transactions, you don’t have to register with a financial institution, which allows you to maintain anonymity. As transactions are conducted under a pseudonym, there is no specific information about you on the blockchain. The only way for the network to identify you is through your public key, which also serves as your wallet address.
Such a high level of privacy is great for a number of reasons, but if someone connects their wallet address with an identity, their transaction information becomes public. Of course, there are other ways to conceal transactions with an additional layer of security, and various cryptocurrencies have a greater focus on privacy to ensure that transactions remain private.
Some investors see cryptocurrency as an effective hedge against inflation. One of the best examples of this is Bitcoin, which has a hard limit on the number of tokens that will ever be created. Consequently, as the demand for Bitcoin outnumbers the supply of tokens, Bitcoin’s prices increase.
Similarly, other cryptocurrencies rely on mechanisms like burning tokens to reduce the number of coins that are currently in circulation. This allows them to put a cap on supply, which acts as inflation protection.
Every investor knows that they shouldn’t put all their eggs in one basket, so it shouldn’t come as a surprise that more investors are turning to cryptocurrencies as a way to diversify their portfolios. Digital assets are a class apart from regular financial assets like stocks and bonds, which allows traders to try and take advantage of favorable market trends.
Although there’s not much evidence on how the stock market impacts cryptocurrency prices, there has been little correlation between markets so far. This makes cryptocurrencies a meaningful method to diversify one’s portfolio.
When you combine assets that don’t correlate with each other, you might improve your chances of getting consistent results. It means that in some cases you don’t have to worry about your crypto assets falling in price when your stock portfolio goes down.
Compared to the number of fiat currencies in the world, there are many, many more cryptocurrencies. Since Bitcoin was first founded in 2009, the number of cryptocurrencies has grown to over 12,000. In contrast, there are only 180 fiat currencies. Of course, when there are so many cryptocurrencies, it’s hard to determine
Bitcoin operates on a blockchain, which is a decentralized network of computers, also known as a distributed ledger that tracks Bitcoin transactions. When all the computers on a network verify transactions and process them, new tokens are mined. The miners on a blockchain process transactions in exchange for payments in Bitcoin.
As the first ever cryptocurrency, it set the stage for other digital assets that would soon be released. The pseudonymous founder of Bitcoin, Satoshi Nakamoto, envisioned a world without centralized currencies, allowing users to take back control of their currency. That’s because when each member of a blockchain network has a copy of the distributed ledger, it’s easier to verify transactions without the need to trust an intermediary.
Not to mention, it’s the reigning cryptocurrency in terms of market capitalization, which means that adding it to your portfolio can hopefully be a good way to start your trading journey. Similarly, it also tops the charts as the cryptocurrency with the highest value.
After Bitcoin, Ethereum comes second place in terms of market capitalization and price. While it’s commonly known as Ethereum, this is the name of the blockchain that hosts the native cryptocurrency, Ether. The blockchain is programmable, so it has a broader scope than Bitcoin and is more than just a cryptocurrency. Rather, it acts as a marketplace for decentralized applications and games.
While there may be a significant margin between the prices of Bitcoin and Ether, the latter has many use cases. Ethereum has been used in plenty of innovative applications, such as supply chain management, identity management, advertising, web browsing, finance, and gaming. This makes Ethereum a viable asset for crypto traders.
Dogecoin is one of the most popular cryptocurrencies in the class of memecoins. As one of the first memecoins, Dogecoin was initially developed as satire. Based on the viral Shiba Inu meme that rose to fame in 2012, the cryptocurrency soon gained traction among the crypto community, which was still in its early stages.
It’s also among the earliest altcoins and an open-source, peer-to-peer cryptocurrency. Due to its widespread use and a massive user base, many merchants now accept Dogecoin. Hence, it can make for a diversified crypto trading strategy.
Of course, this is just the tip of the iceberg, and having various cryptocurrencies to choose from gives traders an opportunity to diversify their crypto portfolio.
Blockchains are distributed databases that keep a list of records, called blocks. As more blocks are added to the chain, the record grows. Each new block is added using cryptography. Every new block contains a cryptographic hash of the block before it, along with a timestamp and transaction data.
Unlike fiat currencies and other similar assets, cryptocurrencies are based on a decentralized network called the blockchain. This means that the decision-making power regarding cryptocurrencies isn’t in the hands of an individual organization or group (which would be called a centralized entity), but rather a distributed network. That way, even if one of the nodes shuts down, the remaining nodes will keep a network running.
Crypto wallets are physical devices or software programs that store your cryptocurrencies and help you send and receive crypto transactions. These contain your private and public keys, which are important for conducting transactions.
The public key is a cryptographic code that’s paired with a private key. Although the public key allows you to receive crypto transactions, the private key is necessary to unlock the transaction by proving that you are the rightful owner of the crypto received. The public key acts as a username that other users can see, while the private key is a password that only you know.
To ensure a successful transfer of crypto funds, each transaction has to be added to the blockchain. Doing so requires computational resources, which miners provide through specialized and advanced hardware. Miners’ computer power is an important part of forming new tokens and confirming new transactions. Transaction fees are calculated as a way to compensate miners for investing computing resources and energy to support the network.
These are a type of cryptocurrency that maintains a stable price by pegging its value to that of another financial instrument or currency. The most common example of stablecoins is that of pegging them to the USD.
Trading platforms such as Granimator offer traders with a variety of cryptocurrencies to choose from and diversify their portfolio. Once you do that, you can look at different charts and use different tools to understand the trends surrounding cryptocurrency prices. This will allow you to hopefully build beneficial trading strategies.