Crytpocurrency arbitrage opportunity

in blurttradinghub •  2 years ago 

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Crytpocurrency arbitrage is a process where buyers buy a cryptocurrency based on its price on one major cryptocurrency exchange and sell it for a higher value on another exchange. This method of trading l is well known as many cryptocurrency exchanges are hard to find, so exchanges of higher exchange volume have better prices.

So far, buyers and sellers are the only ones who are willing to sell stablecoins on the open market.

Price stability requires the ability to hold stablecoins in one’s portfolio. Users who hold only one stablecoin (like “USD”) might see it depreciate because they are not actively buying and selling it.

##Business opportunities on stablecoin

There is business opportunity in stablecoins, investors do not benefit much. People who are unable to hold a stablecoin may lose some value because their stablecoins depreciate.

If stablecoins become better and more accepted, more investment companies may enter the stablecoin market and the price will increase. Investors may hold more stablecoins in their portfolio. The price of a stablecoin will increase because investors may want to exchange stablecoins for USD at that moment.

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Stablecoins are a good investment if you want to diversify your portfolio. Having a stablecoin will make it easier to make money from the money you already have. If you don’t have that much money, there are cryptocurrencies that provide better returns.

Stablecoins do not need a blockchain, so they can easily be integrated into a smart contract system.

Stablecoins are just cryptocurrency and not backed by any central bank or an institution. This means you have to protect your investment with some safeguards.

How many cryptocurrencies should I own?

This depends on your needs. If you want to be an investor, it is recommended to hold more than one stablecoin.

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