Reasons Why The Price Of Cryptocurrency Moves Up Or Down

 


What moves  price?

While bitcoin and other coins volatility makes the cryptocurrency an attractive opportunity, it also makes it a particularly risky market to speculate on. Its price can shift significantly and suddenly – and since the crypto market operates around the clock, this is liable to happen any time of day.


As a decentralized currency, Cryptocurrency is free from many of the economic and political concerns which affect traditional currencies. But as the market is still in its adolescence, there is a lot of uncertainty entirely unique to the cryptocurrency.

Any one of the following factors could have a sudden and significant impact on its price, and as such you need to learn to navigate the risks they may open up.


Cryptocurrency supply

There may be a finite supply of bitcoins – 21 million, all of which are expected to be mined by 2040 – but even so, availability fluctuates depending on the rate with which they enter the market, as well as the activity of those who hold them. The same can be said of many other coins. There are some with unlimited supplies such as Dogecoin. 


Related post: How To Make Money Daily Trading Bitcoin And Crypto On Luno And Other Platforms


Market capitalization

The value of a Cryptocurrency market – and how valuable it is perceived to be – both influence whether traders will look to get in on a surging opportunity, or short the latest bubble. Traders tend to be attracted to crypto with higher market cap.


Media representation

All currencies are affected by public perception. Positive presentation on the media has the potential of increasing the price on the long run and vice versa. Media presentation is very vital as regards to Cryptocurrency whose security, value and longevity is in question even at the best of times.

 

Payment integration

Cryptocurrency profile – and confidence in traditional currencies will depend on its integration into new payment systems, crowdfunding platforms and more. When Cryptocurrency is integrated into payment system and provides utility value, the price will see long term improvement.


Industry adoption

Bitcoin is yet to be embraced by businesses across the globe, and it remains to be seen what impact a more significant standing on the corporate stage will have


Key events

Any number of major events could have serious implications for the cryptocurrency, including regulation changes, security breaches, macroeconomic setbacks, coin upgrade/splitting and more.

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Land/Space And License Requirements For Cooking Gas Refilling Plant Startup


Starting a cooking gas business is a good venture to go into as it has the potential to be lucrative and profitable when managed well and basic rules, requirements and safety measures are adhered to.




LAND/SPACE REQUIREMENT AND BUSINESS LOCATION  2024


The minimum land requirement to setup this LPG facility is 1 plot of Land. To decide on the  best location to setup your mini refilling plant facility, consider a highly populated residential areas. 
Being a bulky product, transportation of cooking gas can be costly and cumbersome.
 Many consumers would prefer buying gas in their locality therefore, locate your business in a place not too far from residential areas. 


Having determined the demand for cooking gas in the area, decide on the best location within the place for your business. Your ideal location will be an area with high traffic such as a busy road, street or street junction close to a market place. 

As with any business venture, the location of your gas plant is very key. In the case of this one, it is most peculiar. A good place to locate your gas plant is in proximity of a sprawling residential area. 




This is to ensure that you are not too far away from your target market. You do not want your customers to have to travel unnecessarily long distances to reach your business place. 
Despite the fact that you should have proximity of the target market in mind, do not forget that you are dealing with a highly inflammable product. Hence you must also ensure that your intended location is not surrounded by residential buildings. 


In Nigeria, all state governments have departments that have the responsibility of ensuring that such businesses are located where they will not be a hazard to the people. Typically, a gas plant in Lagos will make a lot of money because of the population of people there. 
In a nutshell, while you are picking a location, ensure that it is not too far away from residential areas but also check with the authorities to make sure that you are also not too close. 
Yes sourcing for a space or land could be difficult but it is very achievable if you work through housing agents. Tell them to source a space for you either in a filling station or outside. They would do the running around. 



LICENSE 

The company handling the installer of the plant usually takes care of procuring all required documentations and licenses involved in building or upgrading an LPG facility and working with Ministry of Energy and Minerals Resources to secure all required permit for your facility to 
operate. 

The permits includes: 
  • Town Planning 
  • Police Report 
  • Fire Service Report 
  • Environmental Impact Assessment report 
  • Nigerian Midstream and Downstream Petroleum Regulatory Authority, formally (DPR) Permit. 
A single license can not be used to operate more than one plant. The cost of acquiring a license from state to state differs. 




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How To Go Into Oil And Gas Marketing Deals On A Small Scale


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Oil and gas business is a very lucrative and profitable venture one should be interested in. It is one of the best businesses that drives greater profit for any amount invested.


Most people believe that the business is only meant for the rich. This is not true as there are many opportunities for small scale entrepreneurs in the oil and gas sector. Individuals within little or no capital can be part of the and make good fortune.


There are many sectors individuals can be part of in this business sector and start making good profit for his/her self.


From outside bar, we have come to the tank farm distribution system where the profit really is. 


The filling stations market is big anyway. You also have the market for companies; you may get an LPO for maybe PZ, MTN, construction company, bank, etc. To supply diesel to a factory or any bank; this is real money. 


Then you come down to big residential areas, estates where people are yet to tap into. And then smaller companies where they buy three to four 25 litres, jerry cans of diesel to service their generators. Then actually, you may
be looking at banks and their branch
networks across the nation; you can
make constant supplies to all branches if you can seal a contract with their head office or state head office. 



 How to make small but consistent deals


 You can also supply all eateries; they all virtually run on daily supply of diesel e.g. Tantalizers and Mr. Biggs. You can get a company around you to reduce logistics or get a building and start supplying and getting your commission. Just be supplying consistently when called upon. 





If you buy the 50 litres and you have like N2.00 profit on each litre there, you will be making money. If you have N3.00 or N5.00 on each litre, times 50, you will be making money multiplying
this with as many jerrycans as you can handle or the market you have created.


 But consistency is the name of the game. You can start from just anywhere in the oil sector. Whether it is with N10,000, N20,000 N50,000 or 50 litres or 10 litres you are in business.

Don't shy away from this if you must make it in this business. I have known many who started small trading using jerrycans that are now supplying in trucks of over 33,000 litres.


As individual, you can start with whatever you have. Be compose and confident. When going out to seek for a deal, dress responsible and look neat. Oil and gas business is a business for responsible people. Introduce yourself and your business and propose a business deal. You can do that with the aide of introduction letter and proposal letter.


If you don't have capital capable of getting up to 50 litres jerrycan of product and you are interested in the business for good or even higher returns, consider joining the business as an independent broker. 


Joining as an independent broker can give you the opportunity of working for big suppliers and is capable of making you a millionaire in less than few months. This is pure from experience.


Oil and gas business is a pure vibe. Again the government is planning on complete deregulation of the the sector. This is a clean opportunity for people to join the business. 




I have been in the business and have assisted in establishing some companies including mine. You too can be part of the show even as individual without capital.


We have created a training manual (ebook) for those who want to go into the business. Whether as an individual on a scale scale, medium scale and large scale; even without capital. The training manual contains all about the business from starting to running of the business and closing good deals.



It's my personal guarantee that after going through the manual, you will know all about the business including how to start without capital and how to be making constant profit.


The business is a bit risky venture but with the right training, you will make tremendous achievements.

After going through the manual, you will have the opportunity of direct partnership, mentorship from me and I will link you to suppliers in your state/area who can get you products at cheaper rate.

The price of the manual (ebook) is ₦8,000 only.

You can contact me to order for the manual or for further questions.


Call/whatsapp: +2348035217265
Emails: tochukwudike@gmail.com     customercare.dillionworld@gmail.com
oilandgassupplyng@gmail.com


You can pay and download online through Paystack also. 


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