{"id":20513,"date":"2022-02-17T09:15:00","date_gmt":"2022-02-17T09:15:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2022\/02\/17\/the-gold-paradigm-vs-cryptos-fresh-new-wave-octafx-does-both\/"},"modified":"2022-02-17T09:15:00","modified_gmt":"2022-02-17T09:15:00","slug":"the-gold-paradigm-vs-cryptos-fresh-new-wave-octafx-does-both","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2022\/02\/17\/the-gold-paradigm-vs-cryptos-fresh-new-wave-octafx-does-both\/","title":{"rendered":"The gold paradigm vs crypto\u2019s fresh \u2018new wave\u2019: OctaFX does both"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>KUALA<br \/>\nLUMPUR, MALAYSIA &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\" rel=\"sponsored\">Media OutReach<\/a>\u00a0&#8211; 17 February 2022 &#8211;\u00a0Many have wondered how the domains of gold<br \/>\nand crypto might intersect with each other. People may ask questions like &#8220;Is there any common ground?&#8221;, &#8220;Does it<br \/>\nhave to be one over the other?&#8221; International<br \/>\nForex broker OctaFX will answer<br \/>\nall these questions.<\/p>\n<p style=\"text-align: center\"><img width=\"500\" data-src=\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/220965\/octa.jpg#image-220965\" class=\"lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"\/><\/p>\n<p><noscript><img src=\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/220965\/octa.jpg#image-220965\" width=\"500\"\/><\/noscript><\/p>\n<p><b>\u00a0<\/b><\/p>\n<p>There<br \/>\nappears to be regular competition between gold maximalists and their blockchain<br \/>\ncounterparts. The one side has its impenetrable record of history to its name.<br \/>\nThe other has technological innovation, progress, and huge gains to offer.<\/p>\n<p>\u00a0<\/p>\n<p>But<br \/>\nwith great gains comes great responsibility. If you lack the latter, you are in<br \/>\nfor a grim surprise, even permanent loss.<\/p>\n<p>\u00a0<\/p>\n<p>The<br \/>\nindustry&#8217;s experts always considered gold a safe-haven asset that withstood the<br \/>\ntest of time and rightly so.\u00a0 It is the<br \/>\nusual pick for conservative investors who are patient and resilient towards the<br \/>\nemotionality of the financial markets.<\/p>\n<p>\u00a0<\/p>\n<p>While<br \/>\nglancing at the bitcoin-initiated blockchain industry, it shows a sheer endless<br \/>\npotential for novel application and invention. The booming NFT market alone is<br \/>\na potential &#8216;gold mine&#8217; (pun intended).<\/p>\n<p>\u00a0<\/p>\n<p>But<br \/>\nwith gold, there simply can&#8217;t be quite as steep and hefty changes, extensions,<br \/>\nand surprises, for better and for worse.<\/p>\n<p>\u00a0<\/p>\n<p><b><i>Trade both gold and crypto on Foreign Exchange<\/i><\/b><\/p>\n<p>Users can actually trade both gold and crypto on Foreign Exchange.<\/p>\n<p>\u00a0<\/p>\n<p>Reliable<br \/>\nplatforms like the international Forex broker OctaFX allow users to participate in several markets, staying in touch with national fiat<br \/>\ncurrencies and the famous yellow metal or the most established cryptocurrencies<br \/>\non the market.<\/p>\n<p>\u00a0<\/p>\n<p>The<br \/>\ncurrency pair XAUUSD (gold and U.S. dollar) is a popular option for traders who<br \/>\nwant to apply their know-how of market dynamics and specifically have gold<br \/>\ninvolved in the profit equation.<\/p>\n<p>\u00a0<\/p>\n<p>As<br \/>\nalready mentioned, gold as a store of value is quite resilient, but it can be<br \/>\nlike a sponge concerning the market&#8217;s trust in fiat currencies. If it goes<br \/>\ndown, capital flows into gold, weakening fiat in turn. When fiat regains market<br \/>\ntrust, gold is usually squeezed again. <\/p>\n<p>\u00a0<\/p>\n<p><b><i>The<br \/>\nsynergy of both worlds: Gold existing on the blockchain<\/i><\/b><\/p>\n<p>Some<br \/>\nmight be unaware that companies use the blockchain to make gold an accessible<br \/>\nasset to crypto investors while simultaneously providing an entry point for<br \/>\ntraditional investors to access the blockchain. <\/p>\n<p>\u00a0<\/p>\n<p>One<br \/>\nsuch company is Paxos Gold, which issues special stablecoins on the Ethereum<br \/>\nnetwork called PAXG. One PAXG equals one fine ounce of gold, which the token<br \/>\nholder can physically redeem in many places worldwide.\u00a0 You can even earn interest on your &#8216;blockchain<br \/>\ngold&#8217;, so to speak. Many platforms offer this as an incentive to keep your gold<br \/>\nstablecoins as liquidity on their networks.<\/p>\n<p>\u00a0<\/p>\n<p><b><i>Vast<br \/>\noptions<\/i><\/b><\/p>\n<p>Don&#8217;t<br \/>\nget caught up in this unnecessary stand-off between these two asset classes and<br \/>\ntheir communities. Both have their strengths and can amplify a wisely<br \/>\ndiversified portfolio. If you settle on one monolithic asset, you restrict your<br \/>\nmobility to act as an investor. Gold proved its use case and keeps storing<br \/>\nvalue long-term as an inflation hedge. It&#8217;s just the way it is. On the other<br \/>\nhand, cryptocurrencies allow multiplying initial investments, draw significant<br \/>\nprofits, and move the new capital to more static and resilient assets. Another<br \/>\napproach is buying back those cryptocurrencies once they hit a substantial low<br \/>\nagain.<\/p>\n<p>\u00a0<\/p>\n<p>In<br \/>\nany case, stay educated and widen your horizon on these markets. Remain<br \/>\nflexible and open-minded. As always, calculate your cost-benefit ratio to be as<br \/>\nbalanced as it gets without missing opportunities.<\/p>\n<p>\u00a0<\/p>\n<p>And another note: Cryptocurrencies and their futures\u2014as opposed<br \/>\nto more conservative futures trading\u2014are available during weekends as well.<br \/>\nMore and more brokers tend to provide this option to their clients. The earlier<br \/>\nmentioned fintech player OctaFX just recently introduced this, as well. It<br \/>\nstarted on the first weekend of February. <\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/malaysia\/2022\/02\/17\/120522\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, MALAYSIA &#8211;\u00a0Media OutReach\u00a0&#8211; 17 February 2022 &#8211;\u00a0Many have wondered how the domains of gold and crypto might intersect with each other. People may ask questions like &#8220;Is there any common ground?&#8221;, &#8220;Does it have to be one over the other?&#8221; International Forex broker OctaFX will answer all these questions. \u00a0 There appears to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":20514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20513"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=20513"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/20514"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=20513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=20513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=20513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}