Digital currency refers to any currency that exists online. Virtual currency is a digital representation of value and subset of digital currency. Cryptocurrency is a subset of virtual currency and bitcoin and ether are types of cryptocurrency.

Cryptocurrencies are speculative investments, with significant volatility of cryptocurrency prices and the prices of indirect investments that have exposure to the cryptocurrency market. Cryptocurrency doesn't fit within traditional asset allocation models, as it is neither a traditional commodity, such as gold, nor a traditional currency. Its volatility is driven primarily by supply and demand, not inherent value. Bitcoin, for example, doesn't have earnings or revenues. It doesn't have a price-to-earnings ratio, price-to-sales ratio, or book value. Traditional value metrics don't apply, so there are no methods for assessing its value that we endorse or find persuasive beyond the trading value. Considering its volatility and the possibility that the entire value of a cryptocurrency investment could disappear, investors who don't think they could handle significant risks and market swings might want to steer clear. There is also cryptocurrency risk besides volatility, as no regulatory infrastructure is in place for cryptocurrencies. Nothing exists yet to back you up like the Federal Deposit Insurance Corporation does for U.S. bank customers. That means investors are entirely responsible for the security of any cryptocurrency spot holdings. The SEC has noted that with cryptocurrencies, there is "substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation.

Blockchain is the underlying technology that supports cryptocurrencies. It is an open-source, public record-keeping system operating on a decentralized computer network that records transactions between parties in a verifiable and permanent way. Blockchain provides accountability, as the records are intended to be immutable, which presents potential applications for many businesses. While blockchain has often been associated with cryptocurrency, it has many potential uses beyond payments, including smart contracts, supply chain management, and financial services. Note that ownership of cryptocurrencies is not an investment in blockchain, the technology, or its current or future uses.

The IRS treats cryptocurrency as property, not currency. Transactions in cryptocurrency spot markets are thus considered taxable by the Internal Revenue Service (IRS) whenever a taxable event occurs, such as selling cryptocurrency for a fiat currency (i.e., U.S. Dollars, Euros, etc.) or when traded for another asset. Investors are responsible for tracking cost basis, gains, and other reporting. If you have questions or concerns about the potential tax implications of transacting in cryptocurrencies, you should refer to this IRS publication or consult with a tax advisor.

Futures trading is different in nature from that of the traditional stock market. Shares represent fractional ownership of an index-listed company, whereas Futures contracts essentially give the trader exposure to an underlying asset, whether it be an agricultural commodity like corn or a Crypto coin like Ethereum. Furthermore, Futures contracts can be more varied than traditional corporate stocks, and can be accessed for comparatively lower margins. However, the trading of both shares and Futures are generally organized by brokers and exchanges.

When two parties, a buyer and seller, form an agreement for the purchase or sale of an asset at a previously determined time and price, the resulting agreement is known as Futures. Futures are commonly used to trade on a variety of different markets, from Crypto, traditional Indices, and Commodities, to interest rates and more. With the use of your personal trading strategy, you’ll be able to harness the power of Futures contracts to speculate or hedge on the price of the contract’s underlying asset. That being said, it’s important to incorporate risk management and exit strategies into your own trading style. Topclassmines’s “Stop Loss” and “Take Profit” tools can aid you in minimizing risk exposure while trading Futures.

A range of unique factors make Futures contracts an enticing way to trade, from high liquidity to large trading volumes. With Futures contracts’ high leverage and low commissions, the barriers to entry for day traders can also be relatively lower, however, the flip side of the coin is that the Futures market is, at times, characterized by a high level of volatility, and losses, including losing more than your account balance, can occur.

Topclass Mines offers a range of diverse categories of Futures contracts, from agriculture, Forex, precious metals, stock Indices, and more. However, the trading mechanism behind all of these contracts is the same, whereby two parties agree to purchase or sell the underlying asset at a predetermined price and date.

A legal contract between two parties aiming to buy or sell, at an agreed-upon future price and date, a particular asset or security is known by the term ‘Futures.’ Commodities like Gold, Soybeans, Crude Oil, Corn, and more are traded most often via futures contracts. Furthermore, currency, Cryptocurrency, interest rate, and Index traders have made Futures contracts popular as well.

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