Buy Cosmos (ATOM)
About Cosmos Cryptocurrency
Many have heard about how ATOM's value skyrocketed in April 2019, adding nearly 7000% in value. That alone is enough in Cosmos' history not to overlook one of today's highest value cryptocurrencies.
What is Cosmos?
The Cosmos project is a decentralised ecosystem of independent, parallel blockchains.
Each blockchain has its own tweaks and parameters. Blockchains can have different consensus algorithms based on the BFT consensus algorithm, a Byzantine consensus for fault tolerance that solves the problem of how to achieve trust in an environment where no one trusts anyone. A special feature of the platform is the ability to make payments not only within blockchains, as all cryptocurrencies do, but also between blockchains. At the moment, direct payments between blockchains are only a test. The number of blockchains between which direct payments can be made is limited primarily by the consensus used in mining the cryptocurrency. The Cosmos project offers technology that enables direct payments between different cryptocurrency blockchains without the involvement of exchanges. Thus, the Cosmos platform itself is a decentralised exchange platform. Cosmos enables interaction between blockchains within a single ecosystem. The technology used not only allows payments to be made between blockchains, but also the exchange of any information and content between different blockchains within the platform.
Cryptocurrency technology, and cryptocurrencies in particular, have many compelling advantages, especially when compared to traditional instruments (fiat money) with which payments are made. ATOM cryptocurrency also has its own strengths, which set it apart from other similar coins:
- A high degree of security;
- The speed of transactions;
- New technical solutions;
- Advanced tools.
Due to the many positive aspects of coins and the system as a whole, experts predict rapid growth and increased demand for the cryptocurrency.
Why Cosmos is interesting?
Cosmos intends to solve the scalability problem while preserving the usability and sovereignty of today's blockchain infrastructure. The biggest known blockchains, such as Bitcoin or Etherium, are prime examples of scalability problems. The BTC blockchain can only process 7 transactions per second, while the Ethereum blockchain can process 25. Cosmos fixes the scalability problem by creating autonomous blockchains using Tendermint and its hybrid mining algorithm, in which transactions processed within the blockchain have no impact on the overall network load. This removes the issue of scalability.
The Cosmos roadmap
At this point in Cosmos' development, the team is focused on improving the existing PoS algorithm. In addition, Cosmos is going to release a cryptocurrency wallet to store ATOM and conduct transactions at Cosmos Hub.
In the future, when Cosmos moves to the next level of development called "Galactic," the project will also release its first version of Cosmos Hub and launch the first blockchain based on the Cosmos network.
How to buy Cosmos in Qatar?
Before we know how to buy Cosmos, let's understand what cryptocurrency trading is.
What is cryptocurrency trading?
Cryptocurrency trading means taking a financial position on the price direction of individual cryptocurrencies against the dollar (in crypto/dollar pairs) or against another cryptocurrency, through cryptocurrency to cryptocurrency pairs. CFDs (contracts for difference) are a particularly popular way to trade cryptocurrencies as they provide greater flexibility, leverage and the ability to open both short and long positions.
The growing popularity of cryptocurrency trading
Cryptocurrency trading has become increasingly popular over the past decade, since the internet debut of Bitcoin. Cryptocurrencies are digital coins that are created using blockchain or peer-to-peer technology that uses cryptography for security. They differ from fiat currencies issued by governments around the world because they are not tangible: instead, they are composed of bits and bytes of data. Moreover, cryptocurrencies have no central authority or body, such as a central bank, that issues them or regulates their circulation in the economy. Because cryptocurrencies are not issued by any government agency, they are not considered legal tender.
Although cryptocurrencies are not recognized as legal tender in the global economy, they can change the financial landscape and are therefore difficult to ignore.
At the same time, the blockchain technology behind the creation of cryptocurrency has opened up new investment opportunities for traders to make money.
Factors driving cryptocurrency prices
- Besides being the basis for the creation of cryptocurrencies, blockchain technology has broader applications in the global economy, including potential applications in smart contracts and the Internet of Things (IoT). Because cryptocurrencies have only been introduced in the last decade and are not considered legal tender, they are not subject to the same market forces as traditional markets. This means that cryptocurrency trading is not like trading in traditional financial markets.
- Because of the centralized nature of cryptocurrencies, their price movements are less affected by factors such as data releases, political uncertainty and interest rate changes. In addition, because it is a new type of financial instrument, cryptocurrencies have relatively few correlated assets that can affect their price movements.
- Cryptocurrency prices, however, can be affected by several factors, such as changes in blockchain technology and regulators' attempts to control their acceptability and "tradability" in financial markets. News reports, such as disagreements over how a particular cryptocurrency should be updated or handled, can also affect its price. It is likely that any security flaws discovered by hackers will also negatively affect the price of cryptocurrency. Of course, government policies and regulations aimed at banning or restricting the sale of cryptocurrency will also affect its price.
- Cryptocurrencies are much more volatile than traditional assets.
Cryptocurrency traders often make profits or take losses on short-term positions, rather than holding them for 5, 10 or 20 years. They open and close positions to take advantage of price movements over weeks, days, hours, or even minutes. 2 Trades in traditional asset classes over shorter periods of time usually involve much smaller price movements than what one would see over a period of months to years, but given that cryptocurrencies are as volatile as they are, it is not unusual to see massive price swings over a much shorter time frame.
For most traditional assets, it is very rare to see a 1% change in price in a single day. These movements usually only occur when something significant happens in the market that dramatically changes investor sentiment. In the cryptocurrency market, on the other hand, it is relatively normal for individual cryptocurrency prices to change by several percentage points per day. When something significant happens in the cryptocurrency market, price fluctuations can be as high as 10% or more. This can potentially give traders much more regular opportunities to make significant profits from short-term trades. Of course, it also makes trading cryptocurrencies riskier than less volatile assets, so traders should be careful as significant losses can also be incurred.
How to invest in Cosmos in Qatar?
Cosmos can be invested in several ways. The first way is to deal with the digital cryptocurrency itself by buying and selling it on a cryptocurrency exchange. The other way to trade cryptocurrencies is by using derivatives, such as contracts for difference (CFDs) . The latter has gained popularity in recent years because it requires less capital outlay and at the same time allows traders to speculate on the price movements of cryptocurrencies without having to actually own them.
Once you have selected the cryptocurrency you want to trade, you must choose to open a SELL or BUY position. Either action will open a trading window. From here you can select the number of contracts and choose whether or not to apply any risk management orders, such as Stop Loss or Take Profit, which are activated when a certain price is reached.
When you are ready to close a position, you can click the close button.
Is cryptocurrency trading right for me?
Cryptocurrency trading, like all forms of financial trading, requires appropriate knowledge, skills and available capital. If you want to trade in the cryptocurrency market, you must first make sure that you have all the necessary skills to analyze the market. It should be noted that cryptocurrencies are more volatile than traditional instruments and therefore more risky than most people are used to. This volatility can provide more opportunities to make profits, but remember that it can also lead to losses.
Over the past few years, there has been a surge of interest in cryptocurrencies. This demand has led to many trading platforms and CFD brokers now offering pairs for trading cryptocurrencies. These trading pairs can include one cryptocurrency, such as Cosmos , and one fiat currency, such as the U.S. dollar. Here a trader makes a profit or loss by predicting whether the cryptocurrency side of the pair will gain or lose value against the fiat currency.
Another type of cryptocurrency pair consists of two different cryptocurrencies, such as Bitcoin and Cosmos. In this case, the trader makes a profit or loss by predicting whether the pair's leading cryptocurrency will gain or lose value relative to its cryptocurrency partner.
In this respect, trading cryptocurrency CFD pairs works the same way as trading forex CFD pairs. In a more general sense, trading cryptocurrency CFDs works much like trading CFDs on other, more traditional asset classes such as commodities, stocks or stock market indices, in the sense that the trader speculates on the price movements of his chosen instrument.
You can choose to buy ATOM and keep it in a cryptocurrency wallet or you can choose to make money from cryptocurrency. If you choose cryptocurrency trading, we advise you to study special tools for trading, invest small amounts first, or better yet, make a demo account and practice on it until you are sure of yourself. In any case, we wish you good luck and prosperity.