By now you would have heard about the digital currency revolution that involves numerous cryptocurrency exchanges. It is kind of weird just how much the cryptocurrency landscape has changed since 2017.
Come to think about it, Bitcoin peaked during December 2017 when it reached $19,498. That was until April 2018 when it crashed to a low of around $6526.
You may recall the ICO craze, which has been banned by MailChimp, Twitter, Google, and Facebook due to various misleading and deceptive claims.
What led to this was the ability for bad actors to make millions out of unsophisticated investors.
From here on many efforts were taken to ensure ICOs were of a higher quality during 2018.
With more than 1,640 coins and tokens seen on these exchanges, and proper regulation underway, and up to date blockchain technologies, more and more people are keen to hop on board.
No doubt, there are numerous opportunities to profit from ICO investing and crypto trading. Do not forget that you will find days where the market will experience extreme volatility and swings.
Blockchains and cryptocurrencies are set to experience unprecedented growth in time to come.
For instance, did you know that George Soros who happens to manage over $26 billion decided to look towards cryptocurrency trading?
We’ve noticed that investment bankers left wall street jobs so they may set up institutional custody services such as BitGo and cryptocurrency funds.
How to Trade and Invest in Cryptocurrencies
Wouldn’t it be great if someone can hand you a whole lot of info to do with crypto on a platter?
If you are not mentored to know when or when not to trade or invest, you can experience a severe decline in profits.
The best way to trade and invest is to learn how to research profitable crypto coin and make wiser decisions concerning your investments.
It is a case of leveling up through creating an easy to understand cryptocurrency trading plan, build yourself a diversified portfolio for growth and make use of a tried and tested technical analysis to help you understand prices charts and how to trade the market profitably.
Do not for one moment think you are too late to profit in any way. All kinds of people such as venture capitalists and wall street blokes poured billions of dollars into startups.
Since April 2018, the cryptocurrency market experienced a reset and currently offers various investing and trading opportunities.
What Do Cryptocurrencies Allow One to Do?
Basically, it lets two individuals safely move money to each other from different countries without the need to rely on a government or bank in a digital format, which is known as digital money.
Not all cryptocurrencies are digital money, but some like Ethereum is an actual platform for other companies or tokens to build on through making use of decentralized apps and smart contracts.
Besides Bitcoin that is in place to resolve issues of traditional fiat currency, you get Monero that focuses on being untraceable, private, and secure.
What comes to mind when you hear people speak about tokens or coins?
One of the oldest forms of crypto is Bitcoin, which is accepted in various places as payment for goods and services rendered. This takes place through what they call proof of work system or mining. Any miners who take time out to verify transactions within a blockchain would receive bitcoins.
What Are the Benefits Associated with Cryptocurrencies?
You do not have to worry about clearing houses who may freeze or block transactions, which allows a speedy transfer of funds.
Efficient and low cost as no physical space is required as you would need for gold or paper.
One can place a market value on your currency
When you talk about Bitcoin, many people would think about Satoshi Nakamoto, but not know for sure who he or she is.
During regular 10-minute intervals, a range of transactions gets added to an international public ledger file upon which the nodes or miners on the network maintains a copy of the global ledger file.
This ledger is not filed in a bank or other centralized body. It finds its way across borders via an array of private computers that would store data and execute transactions and computations.