Crypto trading in 2024
Is it possible for a mere mortal to make money in 2024 by engaging in crypto trading? Cryptocurrencies have been the subject of increased interest around the world in recent years, but the crypto market has been undergoing tectonic changes. Mining, for example, has long been no longer as profitable as it was during the time of the first crypto hype — here the answer is clear. To make money from mining today, a video card is no longer enough; today you already need large mining farms.
How are things going with trading on the crypto market? Is it possible to make money with a small starting capital in the current realities? The answer to the question about the possibility of making money on cryptocurrencies depends on many factors, which we will try to analyze in this article.
The crypto market is with us for a long time
The attractiveness of the crypto market for traders for a long time rested on its high volatility. Despite the high risks, the cryptocurrency market attracts the opportunity to make quick money. Several years ago, during the first crypto-hype, skeptics said that the crypto market was a speculative bubble.
The head of JPMorgan, Jamie Dimon, said in 2017 that Bitcoin is worse than tulip mania, in 2018 he pretends that he is not interested in BTC. In 2021, he doubted the future of BTC. In 2023, he is already threatening to destroy BTC.
The industry has endured and steadfastly endured the ban on cryptocurrencies in China, the collapse of Terra Luna and the FTX crypto exchange — all this could not bring down the crypto market, but is still alive and well. This convinced conservative institutional investors that cryptocurrency was worth investing in.
Another important trend that is strengthening the crypto market is the tokenization of real assets (RWA — Real World Assets). The RWA trend is also partly related to the arrival of institutional investors in the cryptocurrency market. Some large companies, including the Avalanche Foundation and Black Rock, are participating in this process. For example, CEO of Black Rock, a $10 trillion asset manager, Larry Fink, says that tokenization is “The Next Generation For Markets” The native token of Barter Smartplace BRTR was also able to become beneficiary of the trend.
But is the arrival of “traditional money” so good for the crypto market?
The arrival of institutions and regulators — is there any volatility left?
So, monopolies and regulators came to the crypto market. A striking example is the departure of Changpeng Zhao, the founder and former head of the largest cryptocurrency exchange Binance. In his place came Richard Teng, a man from the World Economic Forum. In addition, Zhao agreed to a $50 million fine related to violating US anti-money laundering regulations.
On the one hand, it is expected that the presence of institutional investors and regulators in the cryptocurrency market should lead to a decrease in volatility.
They have great resources and professional skills that can help stabilize the market. However, in practice we see that volatility in the crypto market remains high. This can be explained by several reasons:
First, cryptocurrencies by their nature are high-risk assets. They are subject to various factors such as news, regulatory changes, technical failures and more. Even with institutional investors and regulators, the market is still subject to external influences that can cause significant price fluctuations.
Secondly, cryptocurrencies still remain an underexplored and unstable market. They are different from traditional financial assets, and many institutional investors are still cautious about this asset class. This can lead to situations where investors choose to sell assets at the slightest drop in prices, which contributes to increased volatility.
Third, the presence of large monopolies in the cryptocurrency market can also contribute to high volatility. Large players can manipulate the market and create artificial price fluctuations for their own benefit. This may lead to instability and increased volatility.
Finally, regulators also influence market volatility. The introduction of new rules and restrictions can cause panic among investors and lead to significant price fluctuations. In addition, different countries have different approaches to regulating cryptocurrencies, which can also create uncertainty and volatility in the global market.
Thus, although institutional investors and regulators have entered the crypto market, volatility remains high.
How to earn money with BRTR token?
So, we found out that volatility in the market has not disappeared, despite the arrival of institutions and regulators. However, if you are a trader with a modest starting capital, it will be difficult for you to start your journey with such giants as BTC or ETH, you will have to think realistically.
BRTR is an affordable altcoin that is ideal for those new to trading. In the second half of 2023, the BRTR token surpassed $0.04 twice thanks to the RWA trend. In July and December, the token price increased significantly. However, in the second half of the year, the BRTR price experienced significant volatility and fluctuated between $0.005 and $0.04.
Now there is a great opportunity to purchase an armored personnel carrier at a low price, so do not miss this opportunity.
BRTR has more than just speculative value. It is also the native token of the RWA Barter Smartplace marketplace, which is used for asset tokenization and advertising. In addition, owners of more than 100,000 BRTR have the opportunity to join the DAO Barter Smartplace and take part in making key decisions on the development of the company. It is also planned to distribute up to 50% of the commission income of applications in BRTR tokens among DAO participants as an incentive for active participation in the development of the Barter Smartplace ecosystem.
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