Popular cryptocurrencies like Bitcoin, Ethereum, Ripple and Litecoin are all aiming to be widely accepted forms of payment. While this is not often the case, they are also great investments.
The cryptocurrency market is still young, but has already seen massive growth in just a few years time. In fact, Bitcoin (the most popular cryptocurrency) has gained over 1,600% in the last year alone! That’s a huge increase for an investment vehicle that is still very new and unclear to many investors.
As an investor, it’s important to keep an eye on cryptocurrencies and their use cases as we move into the future. Cryptocurrencies have massive potential for investors who seek to diversify their portfolio and take advantage of the advantages that blockchain technology offers.
The first thing to establish when investing in crypto is a long term vision. Bitcoin, Ethereum, Litecoin and others are still in the early stages of development. The price will be volatile, but hopefully these coins will continue to rise in value over time.
Diversify your portfolio with a basket of cryptocurrencies. This means not putting all your eggs in one basket through investing in just one cryptocurrency. So for now, it’s best to stick with the top 5 to 10 coins, ensuring that you can spread investment out across different currencies, rather than just one coin.
No matter what your goals are, it’s important to understand how each coin works and its volatility. Some coins will be great investments because they remain stable and others will be terrible investments due to their fluctuating values and high risk exposure.
While this guide may seem overwhelming at times, never fear! There are many avenues you can take to invest and learn more about cryptocurrency that don’t have to cost anything but time and dedication.
The cryptocurrency market has been the subject of much discussion, debate, and analysis over the past year. While Bitcoin continues to be a formidable force in the market, it is easily overshadowed by newer coins. The sheer amount of growth that some of these coins have experienced over the past months makes them a must-have for any portfolio.
The Top Cryptocurrencies:
1) Bitcoin – BTC
2) Ethereum – ETH
3) Ripple – XRP
4) Bitcoin Cash – BCH
5) Cardano – ADA
6) NEM – XEM
7) Litecoin – LTC
8) Stellar Lumens – XLM
9) IOTA – MIOTA
10) NEO – NEO
The world of cryptocurrency has become extremely popular in recent years. The biggest player in the market is Bitcoin with a market capitalization of $68 Billion USD, followed by Ethereum and Ripple at $41 Billion and $9 Billion respectively.
The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin’s success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.
Cryptocurrency has been making headlines for the past several months due to its highly volatile nature. As of this writing, Bitcoin is down nearly 40% from it’s December 2017 peak while Ethereum is down nearly 50%. While both Bitcoin and Ethereum took significant hits during this correction, other platforms have been hit even harder. NEO (cryptocurrency) went down over 60% while Cardano fell over 70%.
With that said, the recent correction appears to be coming to an end as cryptocurrency values begin to stabilize. This has led many investors to start wondering where they should invest next.
As a digital currency, Bitcoin has become the de facto face of crypto. But there are more than a thousand cryptocurrencies in the market today and many of them are growing in value, popularity and influence. While Bitcoin continues to enjoy most of the limelight, several other coins have come up to challenge its supremacy.
Here is a list of the top five cryptocurrencies, based on their performance in 2017:
I hope that you are enjoying this series as much as I am enjoying writing it. Today, we will be talking about the most popular cryptocurrency out there. It is also the one that has been in the news almost every day since Bitcoin’s inception.
Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.
If you have been following the cryptocurrency market over the past year, you’d know that Ethereum has been one of the most promising new cryptocurrencies out there.
Today, we will be taking a look at what Ethereum is and why so many people are excited about it.
If you’re reading this post, chances are you’ve heard of cryptocurrencies like Bitcoin, Ethereum, and Litecoin. You may have even purchased a few of them and tried to figure out what the heck to do with them.
The question I get all the time is: “Why should I care?”
While it’s true that most of us don’t need to use cryptocurrencies right now as a form of payment, there are some really compelling reasons why you should consider adding them to your portfolio in the near future.
I’m not going to talk about investing in cryptocurrencies because I think it’s stupid. That’s just my opinion, but it’s not one that requires much research or explanation. Instead, I’d like to point out three key factors that affect the value of a cryptocurrency and how they relate to each other.
1) Supply – The number of coins that will ever be created is limited by a mathematical algorithm that can only create a certain number of coins at a time. For example, Bitcoin can only create 21 million coins at its current rate. And since no central bank controls how many coins are produced or when they are released into circulation, supply is completely determined by the market.
2) Demand – The more people want something, the higher its price