Cryptocurrency volatility should be treated like any market turbulence
April 30, 2018 (Investorideas.com Newswire) Cryptocurrency volatility should be treated like any financial market turbulence, and many investors will successfully take advantage of it, affirms the CEO of one of the world's largest independent financial services organizations.
Nigel Green, founder and CEO of deVere Group, is commenting ahead of a predicted forthcoming slump in the value of Bitcoin, the world's largest cryptocurrency by market capitalization.
The forecast has been triggered by Mt Gox, a defunct exchange, transferring 16,000 tokens.
Mr Green, whose firm launched deVere Crypto, a pioneering cryptocurrency exchange app in early 2018, comments: "This is the first time in three months that Mt Gox has moved any of its assets. The last time it sold-off funds, a price shock ensued as the supply of the currency in the market increased.
"Understandably, this is all generating a lot of noise and reaction from many cryptocurrency enthusiasts and investors."
He continues: "However, cryptocurrency volatility should be treated like any financial market turbulence.
"As with all types of investing, diversification is the investor's best tool to mitigate potential risks and to take advantage of the opportunities that present themselves in volatile market conditions.
"Cryptocurrency investors should be diversified across the main digital tokens, such as Ethereum and Ripple, and as a part of a wider investment portfolio of assets, sectors and regions."
He goes on to say: "Some of the world's most astute investors have always used market volatility as major buying opportunities in traditional financial markets. By topping up their portfolios when prices are lower and/or taking advantage of lower entry points, they can often considerably strengthen their position. The crypto market is no different."
Mr Green adds: "One tool that is widely overlooked and underused to avoid losses in the crypto market is the stop-loss mechanism, which is a type of order that limits potential losses when trading in the cryptocurrency market.
"Available on the deVere Crypto app, the simplest way of looking at the stop loss tool is like an insurance policy."
The deVere CEO concludes: "Volatility does have inherent negative outcomes, but to believe all volatility is necessarily entirely negative is misguided.
"Volatility in the crypto market, as in all financial markets, is not all bad and can be capitalized on by investors for their long-term financial gain. Using it effectively can be a very powerful strategy."
t: +44 207 1220 925
deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.
Investorideas.com features content for Bitcoin, Blockchain and Digital Currency Stocks and ICO's at Cryptocurrencyinvestorideas.com, Blockchaininvestorideas.com and Investorideas.com
View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory
Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's
Check out our crypto blog on blogger.com
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com