Confido (CFD) Live Price Chart & History

Live CFD / USD Price Chart

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Price USD @market_percent_change_24h%
$0.014031
Price BTC
0.00000209
Volatility (7d)
2.14 %
Volatility (30d)
1.79 %
Market Cap USD
$0.1M
Market Share
Since launching at $0.335143 on 07/11/2017 Confido has achieved a price of $0.0140314, falling 0.38% in the last week alone.

Confido Price Analysis: Predictions and Forecasts

Why buy Confido? What is it used for?

Confido is a payment solution developed to be used by both businesses and individuals. It provides secure escrow payments using smart contracts, without relying on a third party to control the money. The unique thing about Confido is its shipment tracking feature. Confido will track a package up to the point that it gets delivered, and will only then release the funds. This is all done in a decentralised and automated fashion using smart contracts... This white paper provides a detailed look at the new payment solution called Confido. Confido is a payment solution developed to be used by both businesses and individuals. It provides secure escrow payments using smart contracts, without relying on a third party to control the money. The unique thing about Confido is its shipment tracking feature. Confido will track a package up to the point that it gets delivered, and will only then release the funds. This is all done in a trustless and decentralised fashion using smart contracts on the Ethereum and RSK blockchain. In case of a faulty or wrong product the buyer can put the transaction on hold and resolve the issue with the seller through our messaging system. Confido takes away the trust barrier in exchanges involving cryptocurrencies, while also staying decentralised and trustless. For example, when a person (the buyer) wants to buy a keyboard from someone (the seller) with cryptocurrency, he’ll have to trust the seller. The seller can run away with the funds and never send anything, there are no identities attached to a Bitcoin or Ethereum address. Confido takes away this trust barrier by providing a secure escrow payment solution which is trustless, decentralised and open-source. There is a 0.7% transaction fee when using Confido. This is very low in comparison to other escrow services. As of now Bitcoin and Ethereum are accepted forms of payment. In the future we will add more cryptocurrencies. The token that will be sold in the ICO is called the Confido token. The Confido token is a basic ERC20 token that has the same capabilities as most other ERC20 coins. The thing that makes Confido tokens valuable is the ability to earn Ether passively by holding tokens. Users that have invested in Confido tokens will receive 0.7% in ETH of the payments made through Confido (they will receive 100% of the transaction fees paid by the users). That means that investors will earn money simply by holding the token. Pay-outs are bimonthly and will start in Q2 2018. The Confido token can also be used as a form of payment on the Confido platform. It will be the only fee-less currency on our platform. The hard cap of our ICO is $500,000. Fifteen million tokens are in existence, of which 12,000,000 will be sold during our ICO, 750,000 will be set aside for our bounty campaign and 2,250,000 (15%) will be held by the company. Our hard cap is so low because we want to start with a low market cap to ensure greater growth potential for our investors. We really appreciate our initial investors, because they were the first to put their money and trust in us. Therefore, we want to maximise returns for them. Another reason for the low market cap is that we are not some money-grabbing company that wants to raise millions through an ICO without a fully functioning product and/or existing customers. The collected funds will be used for product development, marketing and legal fees. Unsold tokens will be burned.
Confido was launched in 07/11/2017. It uses the Ethereum consensus (currently proof of work, will be proof of stake later on) method of consensus, and is based on the N/A algorithm. Confido's goals include Confido aimed at creating a trustless payment system for users.. Confido aims to set itself apart from other cryptocurrencies due to Project was filled with legal issues and abandoned with ICO investors getting refunds.

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Risk Warning: Your capital is at risk

Confido Trading: How To Buy + Trade CFD

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Confido wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades CFD
  5. Exchange your BTC, ETH or LTC for an amount of CFD, depending on the current exchange rate
  6. Move your Confido coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading CFD on an exchange

As you can see, the process for trading Confido is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Confido crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Confido goes to zero

You can see our list of featured trading platforms here

Will the price Confido fall continue to rise?

It's impossible to predict for sure if Confido is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Confido has risen by 0.38%
  • In the past month it has lost -88.381059623416%
  • In total it has fallen in value by $-0.3211116 since its inception, a change of 4.19%

Can Confido reach, replace, pass or overtake bitcoin?

At present Confido is trading at 0.00000209 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 47,846,890.0%. If we assume Confido continued to as it has in the last month - with a price change of -88.38% it would take -0.5374388774912 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of CFD is going to take off and increase in price to a higher level we've done the math for you.
In order for Confido to reach $0.05 it needs to increase in price by a factor of 3.56x. Given its present growth rate of -88.38% per month, it could take just 3.8 years to hit a price target of $0.05 USD

What is the probability of hitting $0.05 over time?

Time periodChance final price > $0.05Chance final price < $0.05
1 week0%100%
1 month0.6%99.3%
3 months7.6%92.3%
6 months15.5%84.4%
1 year23.8%76.1%
2 years30.7%69.2%
3 years34%65.9%
4 years36.1%63.8%
5 years37.5%62.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Confido to reach $0.10 it needs to increase in price by a factor of 7.13x. Given its present growth rate of -88.38% per month, it could take just 5.9 years to hit a price target of $0.1 USD

What is the probability of hitting $0.10 over time?

Time periodChance final price > $0.1Chance final price < $0.1
1 week0%100%
1 month0%99.9%
3 months1.3%98.6%
6 months5.8%94.1%
1 year13.6%86.3%
2 years21.8%78.1%
3 years26.3%73.6%
4 years29.1%70.8%
5 years31.1%68.8%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Confido to reach $0.20 it needs to increase in price by a factor of 14.25x. Given its present growth rate of -88.38% per month, it could take just 8.0 years to hit a price target of $0.2 USD

What is the probability of hitting $0.20 over time?

Time periodChance final price > $0.2Chance final price < $0.2
1 week0%100%
1 month0%100%
3 months0.1%99.8%
6 months1.7%98.2%
1 year6.8%93.1%
2 years14.6%85.3%
3 years19.5%80.4%
4 years22.8%77.1%
5 years25.3%74.6%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Confido to reach $0.25 it needs to increase in price by a factor of 17.82x. Given its present growth rate of -88.38% per month, it could take just 8.7 years to hit a price target of $0.25 USD

What is the probability of hitting $0.25 over time?

Time periodChance final price > $0.25Chance final price < $0.25
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months1%98.9%
1 year5.3%94.6%
2 years12.7%87.2%
3 years17.6%82.3%
4 years21%78.9%
5 years23.5%76.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Confido to reach $0.50 it needs to increase in price by a factor of 35.63x. Given its present growth rate of -88.38% per month, it could take just 10.8 years to hit a price target of $0.5 USD

What is the probability of hitting $0.50 over time?

Time periodChance final price > $0.5Chance final price < $0.5
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.2%99.7%
1 year2.2%97.7%
2 years7.8%92.1%
3 years12.4%87.5%
4 years15.8%84.1%
5 years18.5%81.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Confido to reach $1.00 it needs to increase in price by a factor of 71.27x. Given its present growth rate of -88.38% per month, it could take just 12.8 years to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0.8%99.1%
2 years4.5%95.4%
3 years8.4%91.5%
4 years11.6%88.3%
5 years14.3%85.6%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Confido to reach $5.00 it needs to increase in price by a factor of 356.34x. Given its present growth rate of -88.38% per month, it could take just 17.7 years to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years1%98.9%
3 years2.8%97.1%
4 years5%94.9%
5 years7%92.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Confido to reach $10.00 it needs to increase in price by a factor of 712.69x. Given its present growth rate of -88.38% per month, it could take just 19.8 years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.4%99.5%
3 years1.6%98.3%
4 years3.3%96.6%
5 years5%94.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Confido to reach $15.00 it needs to increase in price by a factor of 1,069.03x. Given its present growth rate of -88.38% per month, it could take just 21.0 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.2%99.7%
3 years1.2%98.7%
4 years2.5%97.4%
5 years4%95.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Confido a good investment? Is it safe to put my money into CFD?

No, it is not a 'good investment' to buy Confido, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Confido as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of CFD - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

Confido Development + Team

There are 4 developers coding the source behind Confido There are no sales or marketing staff on the team which could impede the coin's growth.

Confido doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team for Confido is lead by Joost van Doorn,

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

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