When news such Immediate Edge as government regulations or the hacking of a cryptocurrency exchange comes through, prices tend to plummet. Once you’ve decided on a broker, got familiar with your platform and funded your account, it’s time to start trading.
Basically, any cryptocurrency pegged to either a fiat currency or some kind of government-backed security counts as a stablecoin. The idea is that there’s more stability — hence the name — and less volatility than in something like bitcoin, which isn’t pegged to anything. Bitcoin is exactly as valuable as people believe bitcoin is, which makes it very, very volatile.
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