Plenty of startup companies are being formed all the time by talented and optimistic founders. They start with a good idea, passion, perseverance, and big dreams of quick success. They are inspired by stories like Slack, the work collaboration company founded by a Canadian that reached a $1B valuation in its second year of existence. Or stories like Robinhood, a financial service company founded in 2013 and now valued at $5.6B. Or Transferwise, an international money service business founded in 2011, now valued at $3.5B. The problem is; startup success is rarely a straight line or easily and quickly attained. True success comes from a large dose of founder realism while bearing down for a long path chasing the elusive and pin-in-a-haystack Unicorn status.
Coinchange Financial CMO, Linda Montgomery recently led a panel discussion featuring the experiences and insights of four enterprising women founders on starting and building their own tech company. It was the first event to focus on diversity and women hosted by the Toronto tech community organization, Bitcoin Bay.
Digital currencies continue to expand an emerging new digital asset class. And similar to any new asset class, price volatility remains a crucial consideration. As we’ve seen very recently, the price of Bitcoin can vary dramatically over the course of a day, a minute or even a few seconds. But with a constantly fluctuating price, how do you avoid slips in value during the exchange process? Whether you’re buying a digital asset, or selling to fatten your bank account with HODL profits, you’ll want to avoid the potential for slippage.
Since emerging from relative obscurity, bitcoin has seen a meteoric rise, a subsequent collapse, and a recent re-emergence. This trajectory has been closely followed by countless altcoins. Through ongoing volatility, bitcoin continues to set the tone in the ecosystem while the adoption of crypto assets accelerates.
The recent $40 million-dollar Binance hack sent a sombre message through the crypto-community, putting emphasis on the importance of security. Many holders are now questioning the safety of crypto wallets and exchanges.