Infographic on What Affects the Value of Cryptocurrencies? January 24, 2020 Adrian Sterne https://top10pokersites.net

Infographic on What Affects the Value of Cryptocurrencies?

Last Updated January 24, 2020 by Adrian Sterne

I want you to understand fully the risks associated with using cryptocurrencies and also understand the benefits of doing so too. This infographic will give you an insight into what affects the value of cryptocurrencies on a day to day or long term business.

Supply and Demand

The very first thing that does affect the value of all digital coins and tokens is supply and demand and the top three cryptocurrencies are some of the most volatile ones.

Bitcoin

Ethereum

Litecoin

Low Cost High Risk Cryptocurrencies

If you are looking to buy some extremely low cost cryptocurrencies but ones which can be very risky ones to buy into regarding their ongoing values, then look out for the following.

Initial Coin Offerings

Token Generation Events

International Events

There are a plethora of international events that can suddenly occur that will see people either rushing to buy or sell cryptocurrencies, and they can and often do happen very quickly.

Wars and Threats of War

Interest Rate Rises

Trade Wars

General Elections

GDP Announcements

Trade Sanctions

Company Performance

The value of some coins and tokens that are purchased to help a company start up or expand can increase if the company performs well, but the opposition is also very true.

New Innovations

Licenses Issued

Profits Increase

Target Market Interest

Cryptocurrency Scams

If you are interested in buying any individual cryptocurrency then always be aware not all of them are legit and some of them are scams so look out for any signs of the following.

Non Existent Company

No Way of Selling Coins

Lending Platforms

Not Licensed

Inexperienced Team

Fees and Charges

Another very important aspect of using cryptocurrencies that you need to fact into the equation are fees and charges imposed on you when performing various tasks such as any of the following fees.

Miners Fees

Exchange Fees

ATM Fees

Cryptocurrency Surcharges

Tips for Buying and Selling Cryptocurrencies

Whilst there are always going to be risks associated with buying and selling cryptocurrencies there are a few tips I can pass onto you about doing so.

Buy Low

Sell High

Avoid Excessive Fees

Research the Coins You Buy

Avoid Hype

Do Your Research

Sources 

https://coinmarketcap.com/all/views/all/

https://coinranking.com/

https://www.cryptocompare.com/

https://bitconnect.co/bitcoin-information/10/how-is-the-price-of-cryptocurrency-defined

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-prediction-trend-forecast-cryptocurrency-expert-value-ethereum-ripple-btc-cash-a8319541.html

https://masterthecrypto.com/guide-how-to-value-a-cryptocurrency/

http://fortune.com/2018/03/15/bitcoin-ripple-price-imf-google/

https://qz.com/1266985/bitcoin-price-how-to-value-bitcoin-and-other-cryptocurrencies-in-theory/

https://learn.tradimo.com/cryptocurrencies/crypto-value

https://www.quora.com/What-determines-the-value-of-cryptocurrencies

Adrian Sterne Editor

Hi, I am the Chief Editor of top10pokersites.net, this site is dedicated to all thing poker. I have been working around the poker industry for the last 15 years, with different brands. The main purpose of this site is to keep you uptodate with the industry and offer you the best deals around.