Cryptocurrencies are currently sweeping the globe. People are making money. But which currency has a bright future, and how will you profit from these cryptocurrencies?
The fact is that there are over 1,300 different cryptos out there, and the majority of them are worth less than $0.01. Finding the next Bitcoin is more than just finding a needle in a haystack. It’s like finding a needle in 12,999 haystacks!
A good crypto portfolio has a mix of high-risk, high-reward coins as well as lower risk ones with more sustainability. Investing in promising coins at their initial stages is one of the smartest ways to make some real money without having to study the market too much. There will always be some risks associated with this type of investment, but if you do your homework and research the coins before they go public on the exchanges, you’ll stand to make far more than you’ll lose.
It’s true: Cryptocurrencies are currently sweeping the globe. People are making money. But which currency has a bright future, and how will you profit from these cryptocurrencies?
With a market cap of $19,826,539,222 USD as of March 5th 2018, Bitcoin is the biggest cryptocurrency in the world. It was first released in 2009 by an anonymous person or group of people named Satoshi Nakamoto. The value of Bitcoin has risen from zero to over $7000 per Bitcoin in just nine years. And it shows no signs of stopping there.
And yet, Bitcoin is not the only cryptocurrency out there. There are many others that have risen to prominence in recent years — Ethereum (ETH) being one of them.
In this article, we’re going to explore what I believe is the most promising cryptocurrency on the market right now: Stellar Lumens (XLM).
Cryptocurrency prices today are soaring, and it’s easy to see why people are eager to get in on the action. The leading cryptocurrency, Bitcoin, has currently surged over $10,000 per coin. But that’s not the only one with a bright future.
Litecoin is up over 1,000% since December of last year. Ethereum is up over 10,000%. With so much money on the table, it’s understandable why people want to know how to make money from cryptocurrencies.
But there’s more than just good profits at stake for investors. Cryptocurrencies are poised to change the world of finances forever. If you want to be a part of this revolution, here are some ways you can make money from cryptocurrencies.
Bitcoin, Ethereum, and other cryptocurrencies have been the subject of intense speculation all over the world. These digital, decentralized currencies are not backed by any government, but rather by their respective networks of users. They can be exchanged for goods and services at participating vendors, or for traditional currencies like dollars and euros.
The prices of these currencies have risen sharply in recent months, with Bitcoin leading the pack. As of this writing, one Bitcoin is worth about $4100 US dollars; a year ago it was worth under $300. In September of 2017, one Bitcoin was worth nearly $5000.
But Bitcoin is just part of a larger trend towards cryptocurrencies in general. Each cryptocurrency has its own blockchain that records the transactions in the network. Bitcoins are produced through a process called “mining,” which involves using powerful computers to solve mathematical problems that validate transactions on the blockchain. The total number of Bitcoins that will be produced is capped at 21 million; so far, more than 16 million exist.[**]
Other cryptocurrencies include Ethereum ($300 US dollars), Litecoin ($45 US dollars), Ripple ($0.20 dollars), Dash ($300 US dollars), IOTA ($0.50 dollars), and Monero ($110 US dollars). What should you make of this? Is this bubble
Cryptocurrency markets are unpredictable and rapidly changing. You need to stay on top of the news in order to make the most of your investments.
So what are you going to do about it?
You could set up a Google Alert for cryptocurrency news, but you will be flooded with emails. There is no easy way to subscribe to an RSS feed for Google Alerts.
You could go through all of the major cryptocurrency news sites and manually copy and paste every article into a spreadsheet, but that would be time consuming.
What if there was a better way?
What if you had a single place where crypto news articles were aggregated and analyzed using artificial intelligence (AI)? What if you could find out which coins are mentioned together in the same articles, or which countries the articles come from? How many times has each coin been mentioned in each language over time? What is the sentiment of each article: positive, negative, or neutral?
That’s where we come in. We have built a system that aggregates all of the major cryptocurrency news sites and analyzes them using natural language processing (NLP) techniques. Our system tracks over 1,000 coins and 400,000 articles per day and categorizes them by topic, company mentions, sentiment
Cryptocurrency is a form of digital money that uses cryptography for security and anti-counterfeiting measures. In many ways, it works the same as paper money with some key differences. All of your transactions are completely transparent and accounted for in a public ledger. This public ledger is called the blockchain, which holds an immutable record of all transactions distributed across a peer-to-peer network.
Every transaction on the blockchain is encrypted using sophisticated math and unique “keys,” or digital code. Each cryptocurrency coin has its own unique transaction history that cannot be altered without changing the history of every other coin. This makes it extremely difficult to counterfeit cryptocurrencies.
In order to use cryptocurrency, you will need a “wallet” to hold your coins. The wallet is simply a place to store your keys and track your balance. Your coins can be stored in an online wallet or directly on your computer. There are also “paper wallets” that keep your keys on a printed piece of paper, making them nearly impossible to hack but easy to lose!
Cryptocurrencies rely on secure encryption to maintain the integrity of each transaction. With traditional banking systems, there are multiple third parties involved in processing payments (credit card
The price of Bitcoin and other cryptocurrencies has been steadily rising, and it’s getting harder to ignore.
In the past few months alone, the price of a single coin has gone from $3,200 to over $5,000.
That’s a 100% gain in just months!
Bitcoin has made early investors rich… but can you still cash in?
I have good news for you: Yes, you can still get in on this opportunity.
You can still make a 1000% gain with Bitcoin or more…just like early investors did.
But that’s just the beginning of your investment story.
Because one cryptocurrency is about to become the Amazon of cryptocurrencies…and that’s only going to happen once. When it does, it will be bigger than Amazon.com… bigger than Google… bigger than Apple and Facebook combined!