Sentences with phrase «cryptocurrencies against fiat currencies»

On top of that, you can trade your cryptocurrencies against fiat currencies via forex brokers.

Not exact matches

On other note, you can actually reduce your risks with cryptocurrency pairs as well, and get exposure only to the relative performance of two coins, and remove the generally huge volatility of coins versus fiat currencies, like Ethereum's swings against the Dollar on the chart above

It seems that more and more people justify investing in cryptocurrencies — even at current record prices — by claiming that they're an effective hedge against the instability of fiat currencies.

Against this background state - sponsored cryptocurrencies seem an «ideal» solution by virtue of their «safety,» namely they are just as innovative technologically, but at the same time as familiar as the standard fiat currencies, thanks to a central bank's backing.

In these contests, users are put up against their peers to see who can craft the best portfolio possible using stocks, commodities, cryptocurrencies, and fiat currencies.

Underlying digital tokens can be liquidated against FIAT currencies or other cryptocurrencies,» added Peter Yeo

The biggest argument against cryptocurrencies is that unlike fiat currencies, they do not have the backing of any government.

So let's end it with an analogy and put the cryptocurrency market into perspective against fiat currencies.

Holding bitcoins and other cryptocurrencies through Wirex serves as a hedge against the possibility of the value of any particular fiat currency collapsing without warning.

While Lenders get to earn interest rates, Hodlers of cryptocurrency will always benefit more by keeping their cryptocurrency against fiat local currency.

Bitcoins network effect does affect all other cryptocurrencies because exchanges usually have the trading pairs to be set up against Bitcoin or a fiat currency.

According to BI, Shvetz argued that investors should consider integrating cryptocurrencies into their portfolio strategies, describing them as a hedge against the devaluation of fiat currencies like the dollar.

While competing against various fiat currencies or in other words, currencies backed by some central body, cryptocurrency has held up quite well.