by Penny Angeles-Tan | Nov 27, 2024 | Business
Learn 7 essential strategies to navigate cryptocurrency market crashes. Stay calm, assess market factors, embrace volatility, and protect your investments in this unpredictable yet promising digital asset space.
Cryptocurrency markets are notorious for their volatility. Prices can surge to new highs only to plummet shortly after, leaving investors and traders grappling with uncertainty.
Recent developments, including the approval of a spot Bitcoin ETF and the approaching Bitcoin halving in 2024, have boosted market sentiment, with Bitcoin reaching a record high on March 5, 2024. Yet, the history of crypto tells us that dramatic crashes can follow significant rallies.
To successfully navigate this unpredictable market, investors must understand the factors driving volatility, assess their investment strategies, and prepare for potential downturns.
What Drives Cryptocurrency Volatility?
There are many factors why the crypto market has fluctuating prices. Some of them are as explained below.
1. Market Sentiment and Speculation
Cryptocurrency prices are heavily influenced by trader sentiment. With no intrinsic cash flow to support valuations, cryptos rely on market perception and speculation. This makes them vulnerable to swings between optimism and despair.
For instance, Bitcoin fell nearly 23% in four days in June 2023, while Ethereum plunged 31%. Such movements attract professional traders using advanced algorithms but can be nerve-wracking for individual investors.
2. Macroeconomic Factors
Rising inflation, higher interest rates, and liquidity tightening by central banks can impact riskier assets like crypto. For example, the Federal Reserve’s decision to reduce monetary stimulus in 2021 triggered a prolonged downturn in the crypto market.
3. Regulatory Actions
Governments and regulatory agencies, such as the SEC, play a significant role in shaping the crypto landscape. Decisions to ban crypto-related services or enforce stricter controls, as seen in China’s crackdowns in 2017 and 2021, have caused significant price drops.
4. Institutional Moves and Market Events
Large-scale institutional activities and derivatives expiries can introduce volatility. Recent outflows from Bitcoin ETFs, contrasting with inflows into others, reveal divided market sentiment.
Additionally, catastrophic events like the collapse of FTX in 2022 ripple through the market, affecting not only exchanges but also coins and companies connected to them.
Has Crypto Crashed Before?
Yes, the crypto market has seen multiple crashes:
1. December 2017: Bitcoin peaked near $20,000 before falling below $3,500 by the end of 2018.
2. November 2021: Bitcoin’s record high of $69,000 was followed by a 75% drop within a year.
Each crash underscores the importance of cautious investing and diversification.
What Should Investors Do During a Market Crash?
To keep your financial condition safe when investing in the crypto ecosystem, you can do these 7 things when the crypto market is experiencing a decline.
1. Stay Calm and Avoid Emotional Decisions
When prices plummet, panic selling can lead to substantial losses. Instead, revisit your reasons for investing. Are you in for the long-term opportunity, or are you looking for short-term gains? This clarity will help you make rational decisions.
2. Assess the Situation
Analyze the root causes of the crash. Is it a regulatory development, macroeconomic factor, or market rumor? Understanding the context allows you to respond strategically rather than react impulsively.
3. Embrace Volatility
Volatility is inherent to the crypto market and attracts traders seeking profit opportunities. While nerve-wracking, it can also be lucrative if approached with a clear strategy.
4. Reevaluate Your Portfolio
Decide whether to buy more during dips, hold, or exit the market. Ensure these choices align with your financial goals and risk tolerance.
5. Use Secure Storage
With exchange collapses being a recurring risk, consider transferring assets to a secure crypto wallet. Both online and offline options exist, offering varying degrees of security.
6. Invest What You Can Afford to Lose
Crypto is a high-risk asset class. A general rule is to limit crypto investments to no more than 10% of your overall portfolio.
7. Maintain an Emergency Fund
An emergency fund ensures that you’re not forced to liquidate investments during unfavorable market conditions.
Conclusion: Preparing for the Future
With events like the Bitcoin halving and continued institutional interest, the crypto market holds potential for long-term growth. However, its unpredictable nature calls for a balanced approach:
- Diversify your portfolio across traditional and alternative assets.
- Keep updated with market developments and regulatory changes.
- Stick to a disciplined investment strategy, focusing on long-term goals.
Cryptocurrency investment is not for the faint of heart, but with the right strategies, it can be a rewarding part of a diversified portfolio. By understanding the market’s dynamics and preparing for its inherent risks, investors can navigate the turbulence and seize opportunities in this evolving space.
by | Nov 27, 2024 | Business
Kuala Lumpur, Malaysia, 27 November 2024 – Nusantara Global Network, a leading company in providing innovative business solutions in Southeast Asia, is pleased to announce a strategic partnership with Broker FBS, one of the global leaders in forex trading services. This collaboration aims to offer better opportunities for Introducing Brokers (IB) and traders across Malaysia and the Southeast Asia region.
Through this partnership, Broker FBS introduces several attractive advantages, including the removal of the 5.9 pip requirement to qualify for affiliate status, providing greater opportunities for IBs specializing in scalping trading strategies within their network. This is great news for traders using fast-paced trading techniques, as they can now enjoy more flexible and competitive trading conditions. Additionally, 24/7 live customer support is available, ensuring that customers receive assistance whenever needed.
“We are excited about this collaboration because it provides an opportunity for Introducing Brokers and traders in the region to enjoy more flexible trading conditions,” said a spokesperson for Nusantara Global Network. “With Broker FBS commitment to continuous support and improved affiliate conditions, we are confident that this partnership will empower the local and regional trading community.”
Benefits and Impact of This Collaboration
This collaboration offers several key benefits for Introducing Brokers and traders, including:
-The removal of the 5.9 pip requirement for affiliates under Broker FBS, making the affiliate program more accessible, especially for those using scalping strategies
-24/7 live customer support, ensuring traders and IBs receive immediate assistance at any time
-The ability to focus on fast-paced trading strategies without tight restrictions, making Broker FBS an attractive choice for scalping traders
A representative from Broker FBS also stated, “We are proud to collaborate with Nusantara Global Network to offer better trading opportunities to traders and IBs in Malaysia and Southeast Asia. With improved affiliate conditions and round-the-clock customer support, we believe this partnership will have a positive impact on all parties involved.”
Industry Growth and Future Prospects
The forex industry in Southeast Asia is rapidly growing, and this partnership is an important step in meeting the increasing demand for more flexible and customer-friendly trading platforms. Nusantara Global Network and Broker FBS are committed to providing the best solutions for the trading community as the industry continues to evolve.
About FBS
FBS Broker is one of the leading forex brokers in the world, offering a wide range of account types, exceptional customer support, and competitive trading conditions. With a strong global presence, FBS Broker continues to provide high-quality services to traders around the world.
by | Nov 26, 2024 | Business
Discover how biometric e-signatures in the Philippines enhance security, streamline transactions, and protect against fraud with SignSecure.
The Philippines is rapidly embracing digital
transformation, with e-signatures in the Philippines becoming a cornerstone of
efficient and secure digital transactions. At the heart of this transformation
lies biometric authentication, a cutting-edge solution that has redefined how
businesses and individuals use biometric e-signatures in the Philippines. These
innovations enhance security, ensure compliance, and bolster trust across
various industries.
What Are E-Signatures and Biometric Authentication?
E-signatures in the Philippines, or electronic
signatures, are the digital equivalents of traditional handwritten signatures.
They enable individuals and organizations to sign documents electronically,
ensuring convenience, speed, and reliability. In the Philippines, e-signatures
have been legally recognized since the enactment of the Electronic Commerce Act
of 2000 (Republic Act No. 8792). This law ensures that electronic documents and
signatures hold the same legal weight as their physical counterparts when they
meet established standards of authenticity and integrity.
Biometric authentication, meanwhile, leverages
unique biological characteristics—such as fingerprints, facial recognition, and
voice patterns—to verify a person’s identity. Combining this technology with e-signatures
results in biometric e-signatures Philippines, a robust solution that offers
unparalleled security and trust in digital interactions.
A Strong Legal Framework for E-Signatures in the Philippines
The Philippines’ Electronic Commerce Act
provides a solid legal framework for adopting e-signatures in the Philippines.
This legislation validates electronic documents and signatures in business and
government transactions, paving the way for greater digital adoption.
Industries requiring stringent security
measures and regulatory compliance, such as finance, healthcare, real estate,
and government services, particularly benefit from biometric e-signatures in
the Philippines. By integrating biometric technologies into electronic signing
processes, organizations enhance security and user confidence, reducing the
risks of fraud and identity theft risks.
The Security Advantages of Biometric E-Signatures
The uniqueness of biometric traits provides biometric
e-signatures in the Philippines with unmatched security. Unlike traditional
methods, such as passwords or PINs, biometrics are inherently tied to an
individual and are virtually impossible to replicate. This reliability
minimizes the risk of unauthorized access, ensuring the integrity of digital
transactions. Key technologies include:
Facial recognition: Real-time identity verification ensures only
authorized individuals can sign documents. This technology is instrumental
in remote transactions.
Fingerprint scanning: Quick and precise, fingerprint-based
biometric e-signatures are widely used in industries requiring
high-security measures.
Voice recognition: This method adds another layer of verification by analyzing unique vocal patterns, making it ideal for virtual or voice-assisted
environments.
Using biometric data ensures that e-signatures
Philippines meet and exceed global security and reliability standards.
Addressing Modern Threats
While biometric e-signatures Philippines offer
advanced security, they are not immune to emerging cyber threats such as
deepfakes and synthetic identity fraud. Deepfakes, which use artificial
intelligence to create hyper-realistic but false representations of
individuals, pose significant challenges to traditional facial recognition
systems.
To counter these threats, platforms offering biometric
e-signatures Philippines employ sophisticated technologies like liveness
detection. Liveness detection analyzes micro-expressions, eye movements, and
other subtle physical cues to determine whether the user is a live person or a
digital imitation. These measures ensure that e-signatures Philippines remain
resilient against even the most advanced cyberattacks.
SignSecure: A Leader in Biometric E-Signatures
SignSecure has positioned itself as a pioneer
in biometric e-signatures in the Philippines. The platform combines
cutting-edge facial recognition technology, UFR (Unique Facial Recognition),
and advanced liveness detection to deliver secure and seamless digital signing
experiences. With SignSecure, businesses and individuals can confidently adopt e-signatures
in the Philippines, knowing their transactions are safeguarded against fraud.
SignSecure’s innovative features reduce
document turnaround times, enhance compliance with local and international
regulations, and lower risks associated with digital fraud. By prioritizing
security and user experience, SignSecure empowers organizations to embrace the
future of digital transactions.
Applications of Biometric E-Signatures in the Philippines
The versatility of biometric e-signatures in
the Philippines makes them indispensable across various sectors. Key
applications include:
Finance: Banks and financial institutions rely on e-signatures
Philippines to authenticate transactions, such as loan applications and
account openings. Biometric integration ensures compliance with anti-money
laundering regulations while enhancing customer trust.
Healthcare: Hospitals and clinics leverage biometric e-signatures
Philippines to manage patient consent forms, medical records, and
sensitive data. These systems streamline administrative processes while
protecting privacy.
Real Estate: Property transactions, including leases and sales,
benefit from biometric e-signatures Philippines, which ensure document
authenticity and accelerate transaction times.
Government: Public sector agencies adopt e-signatures Philippines
to improve procurement, contracts, and official documentation transparency.
Biometric authentication strengthens the integrity of these processes.
Future Prospects for Biometric E-Signatures in the Philippines
As digital adoption accelerates, the role of biometric
e-signatures Philippines will continue to grow. Advances in artificial
intelligence, blockchain, and biometric technologies will refine these systems
further, making them even more secure and efficient. Businesses that adopt e-signatures
Philippines will benefit from streamlined operations, reduced fraud, and
enhanced customer experiences.
Platforms like SignSecure are set to lead this
transformation. By integrating the latest innovations and ensuring compliance
with Philippine regulations, SignSecure provides organizations with tools to
thrive in a digital-first economy.
Conclusion
Integrating biometric authentication into e-signatures
Philippines marks a pivotal moment in the nation’s digital evolution. By
leveraging unique biological traits, biometric e-signatures Philippines offer
unmatched security, efficiency, and trust in digital transactions. With
platforms like SignSecure paving the way, the future of electronic signatures
in the Philippines is brighter than ever, enabling businesses and individuals
to engage in secure, seamless digital interactions.
by | Nov 26, 2024 | Business
CANDY is a fun mini electric car from DFSK. It is small, cute, and has a range of 220km, making it a great choice for urban transportation.
CANDY is a fun mini electric car from DFSK. It is small, cute, and has a range of 220km, making it a great choice for urban transportation. Today, let’s take a look at the charm of this mini electric car CANDY.
Stylish Exterior
DFSK CANDY continues the cute appearance of the previous generation MINI EV, with a round and cute body shape, beautiful colors, and full appearance. The front of the car adopts a unique design, LED star ring lens headlights, front grille LED surround light bar, and lighting E mark more light gathering and penetration, fashionable and pious, safer!
Comfortable Interiors
Open the door to the curved wraparound cabin, one-piece environmentally friendly fabric seats, four-way adjustment, comfortable and breathable ride, and excellent texture! All are equipped with main driver airbags and optional dual airbags, when a collision occurs, in order to reduce the degree of injury to the occupants and avoid secondary collisions!
Compact Yet Spacious
Although the DFSK CANDY is small in size, with a length of only 2995mm, a width of only 1495mm, and a height of only 1640mm, its riding space cannot be underestimated, with a front row space of 881mm and a rear row space of 854mm. Moreover, it also has a speaker, which can communicate with passengers at any time, breaking the closedness of traditional car space and bringing a more free feeling.
Powerful Performance
In terms of power, the DFSK CANDY is equipped with a permanent magnet synchronous motor provided by SAIC Group, with a maximum total power of 30 KW and a total torque of 100Nm, strong acceleration and climbing capabilities, single pedal function and creep mode, making the use of the CANDY easier and more comfortable. The battery uses GOTION, an international first-class battery supplier, to provide batteries for all models, with a pure electric range of 180-220 kilometers, making the journey worry-free.
Advanced Features
CANDY is not backward in terms of configuration. Through the buttons on the steering wheel, functions such as cruise control and volume level can be quickly controlled; the 7-inch color LCD instrument information display is comprehensive and clear, with a clear appearance, and the integrated reversing camera function makes reversing safer. 8.8-inch HD MP5, rear backup radar, GPS navigation, reversing camera, reversing radar, more convenient and safer when driving. One-button start function avoids the trouble of losing and finding keys, making travel more convenient and advanced; the touch-sensitive air-conditioning switch fully matches the parameterized vents, bid farewell to traditional knob switches, touch can more accurately adjust the temperature in the car, and the parameterized vents are perfectly matched; cruise control, effectively reduces fatigue from long-term driving, accurately controls power output, and reduces the energy consumption of the entire vehicle. Sporty and economical driving modes, easy to adjust the sport mode is a more powerful eco mode with smooth power output.
In general, DFSK CANDY targets the psychology of young users who are particular about fashion and usability. Not only can we see many trendy elements specially designed for young users in many details, but it is also equipped with more driving assistance functions to improve safety during daily driving. Let us look forward to meeting CANDY on the road. I believe it will be an interesting driving experience!
by | Nov 26, 2024 | Business
DFSK E5: Integration of technological aesthetics, green travel, and efficient power E5 E LIFE, ELECTRIC, ECONOMIC, ENVIRONMENTAL
In the automotive industry, we continue to witness the integration of innovation and technology, bringing unprecedented driving experience to the market. The latest masterpiece of the DFSK brand – E5 PHEV SUV, a new choice that combines an advanced plug-in hybrid system and excellent performance.
E5 E LIFE, ELECTRIC, ECONOMIC, ENVIRONMENTAL
The E5 model cleverly combines the power of electric motors and internal combustion engines, and through an intelligent power distribution system, ensures efficient and smooth power output under any driving conditions. In pure electric mode, the E5 PHEV can show zero-emission, low-noise driving pleasure. When more power output is needed, the internal combustion engine can seamlessly take over, ensuring the vehicle’s stable performance under various road conditions. Applying this hybrid technology not only improves the vehicle’s mileage but also greatly reduces fuel consumption, fully demonstrating the E5 PHEV’s outstanding contribution to energy conservation and emission reduction.
The DFSK E5 also cleverly incorporates LED lights into its design, showing a perfect combination of technology and aesthetics. It is equipped with a powerful 1.5-horsepower thermal engine, which works in conjunction with an efficient electric motor to drive the vehicle forward. This power combination allows the E5 to reach an impressive maximum combined power of 180 horsepower while outputting a torque of up to 300 Nm, providing drivers with an excellent power experience. In pure electric mode, the E5’s 17.82 kWh battery capacity is enough to allow the vehicle to travel more than 87 kilometers and reach a maximum speed of 165 kilometers per hour, which not only ensures the vehicle’s efficient endurance in electric drive mode but also effectively shuts down the heat-absorbing components in the process, further improving energy efficiency. It is worth mentioning that the E5’s endurance can reach an astonishing 1,000 kilometers when fully charged and fully fueled. This achievement is due to its intelligent energy management system, which can flexibly adjust the proportion of electricity and fuel usage according to the needs of the driver, ensuring the best balance of performance and efficiency under different driving conditions.
In short, the E5 not only demonstrates forward-looking thinking about the future, but also brings an unprecedented driving experience to drivers. It will undoubtedly become a new force in the market and lead the new trend of green travel. With the launch of the E5 PHEV SUV, we have reason to believe that the DFSK brand will continue to lead the industry trend and bring more innovative and environmentally friendly automotive products to global consumers.
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