One reason to check your crypto portfolio is that there are more scams, hacks and thefts than ever. Check out the super-scary news story about a crypto-trading exchange getting hacked three times in a month, and how it had everything worth stealing.
But what about the other two? First, there was the ransomware attack on the euro banks that drained bank accounts across Europe at one point. Then there’s the fatal “crypto heist” of hundreds of millions of dollars from Mt. Gox, once the single most important bitcoin exchange. And then there’s the Daily Dot’s own story about how a bitcoin wallet app called Mycelium was fooled into sending money to an attacker who was using a fake Mycelium login page.
Here are five reasons you should check your portfolio:
I have been a crypto-analyst since the beginning of 2017, when I bought my first Bitcoin. Since then, I have written three lengthy pieces on the subject, and each time I have questioned the wisdom of my actions.
In this essay, I will examine five reasons you should check your crypto portfolio.
The crypto market is always lagging behind the broader financial markets, with periods of extreme volatility and wild swings in prices. But the difference between coin prices and stock prices is much greater than it should be. Bitcoin’s price has been volatile, but a lot of people have made a lot of money by buying at low prices and selling at high. But whenever you try to buy or sell on a cryptocurrency exchange, you’re at risk of having your coins stolen or misappropriated.
It’s possible that the price movements are just random, but there are five reasons to check your portfolio periodically:
1) When you see a big price move up or down that doesn’t make sense, check where the volume is coming from. If it’s coming from one particular exchange or group of exchanges, then it’s probably nothing to worry about. But if the volume is spreading across multiple exchanges with many different markets, then it might be a sign that something fishy is going on.
2) Watch out for extreme moves in volume when you look at charts and graphs. When there’s a big swing in volume and no corresponding price movement, it could be another sign of something fishy.
3) Check what country your coins are being stored in. Coins stored in places like
Some people are now proposing that everything from crypto-currencies to the internet will be controlled by a single government agency, which would have all the keys and could change the rules without warning. Others suggest that there will be some new cryptocurrency that is so valuable that it will become the coin of choice for criminals, who can’t possibly trust one central government or bank.
But it’s not clear either how this might work, or what new coin they’d use. And it’s not clear how such a coin would escape comparison with Bitcoin. The only way to do that is to make something entirely new, because there is no way of creating another crypto-currency like Bitcoin without calling it something else.
That means you need to check your portfolio and make sure you own the crypto-currency you think you do. If you don’t, you should either sell or recognize that your understanding of its value may be flawed.
If you’ve read the news, you know that a number of cryptos have lost a lot of money lately. The price of Ethereum, for example, has dropped from about $1,400 to about $300 (USD). Everyone is scared and wants to do something about it.
But what are the chances that your crypto will be one of them? Though it’s not easy to say, there is a way to check.
Many people who didn’t know much about crypto just bought it to make money, because they were attracted by short-term speculation. But there are other people who see crypto as a way of solving real problems, or at least as interesting for understanding the technology behind them. This is a noble goal, and one that may not have been obvious at first.
In many cases it is possible to invest your money in the same way you invest in a stock trading fund, with reliable track records and a formal structure, without having to deal with complicated legal issues or having to trust anyone else. That’s what the Linux Foundation’s Hyperledger is all about: using distributed code ownership to build trustworthy financial products that can be used for everything from payments and derivatives to real estate titles and voting systems.
The number of crypto assets is continuously growing. That means that the number of crypto assets is also increasing, and the market is in a constant state of flux. The market changes every day, when some coin buys a lot, another loses its value and then falls even further. This article will help you to find out what the best cypto-asset is to hold.
1. Is it safe?
The first thing we must do before investing in any cryptocurrency is to find out if this asset has a developer behind it who knows how to make money with his ideas (and not only try to sell them). If you see that this project was created by some guys in their basement then it is most likely that their idea was not original at all but just copied from someone else’s idea and without any original ideas you can never expect to be able to make money with a new project. We should always remember that there are plenty of projects like this on the internet, so why would we invest in a new project which was just launched?
2. Is there an existing community?
When we invest our money in something it is very important for us if there are other people who are already using that same project and if there are more people using that certain product or