Protecting gadgets, networks and information from clever hackers has been a critical issue since the very appearance of digital technologies. Now, when the pandemic of COVID-19 forced entire countries to isolate themselves, the industry became even more vulnerable, thus showing the need for new solutions.
The cryptocurrency market has shown itself as one of the most volatile markets in the world. Bitcoin and altcoin price daily fluctuations sometimes vary from 4% to 40%. Most of the traders have to struggle with such a high volatility level and keep on earning instead of losing.
It’s been an unexpectedly good year for blockchain and cryptocurrencies. Economic uncertainty, driven by global slowdowns in the face of a pandemic, has seen renewed interest in currencies that don’t rely on traditional banking institutions. Bitcoin, while it may not return to the heights it reached in 2017, continues to fluctuate in an upward direction.
Just like any other business, Bitcoin and digital currency trading needs, skill, providence, and first-rate timing if you want to make a good profit. Auspiciously, a good number of means than ever before have been developed to help traders understanding the existing market conditions and generate profits from price trends which other, semi-skilled merchants might fail to benefit from on.
Let us take a look at the future and formulate hypotheses on the new trends that will characterize the technological scene in 2020 and beyond. We will try to do this by focusing on the predictable areas of application in the Digital Trust sector, i.e. services and solutions that guarantee the security, confidentiality and legal certainty of cryptocurrency transactions, such as blockchain and distributed ledger technologies (DLT).
Privacy is one of the new technological trends of the last year. More and more important companies are shifting this functionality into their core business, even the big giants like Google, Facebook and Amazon.
It is believed that only 10% of traders actually take profits and 90% are at risk of losing everything invested. This is also true on the cryptocurrency market. While only a few traders follow the market trends and try to make the most profitable bets, others prefer to gamble instead of trading.
In October 2019, Bitcoin, Ethereum, Ripple, Monero, and many other cryptocurrencies on coinmarketcap show bearish trends. However, cryptocurrency investors have no time to wait till the market rise again.