With the rise of cryptocurrencies, many are looking for opportunities to invest. But the question is, what is the best crytocurrency to buy in 2018?
I’ll be sharing with you my top three picks that I think have the greatest potential to make you money in 2018.
1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Ripple (XRP)
The first crytocurrency, Bitcoin is still the most popular. It’s a decentralized peer-to-peer system that uses blockchain technology to record transactions. Blockchain is a distributed ledger system that is decentralized and trustless, meaning that no parties participating in the Bitcoin market need to establish trust in one another in order for the system to work properly. This is possible thanks to an elaborate system of checks and verifications which is central to the maintenance of the ledger and to the mining of new Bitcoins.
Ethereum has been around for a while longer than many other altcoins, but it only experienced its real breakthrough in 2017 when its price skyrocketed, introducing many people to the concept of cryptocurrency. Ethereum, unlike Bitcoin, is not just a currency but a platform as well. The platform supports smart contracts which are basically apps that execute exactly as they are set up to by their creators and nothing else; they are immune to downtime, censorship, fraud or interference from third parties.
Ripple or XRP is another decentralized payment system but with a twist. While many cryptos have tried to disrupt the financial system as we know it, Ripple takes a more cooperative approach and aims for widespread adoption by banks and other financial institutions.
Bitcoin remains the most popular crytocurrency, and many people are wondering if they should invest in it. However, it is a very risky investment and you should be careful with your money. The best way to make money off of a cryptocurrency is to mine it. This is where you use CPU power on your computer in order to generate the currency. To mine Bitcoins, there are sites like BTCMiner which will use your PC’s resources in order to generate Bitcoins.
Other than that, you could also try buying a crypto when it is low and then selling it when it is high. This would require you to constantly monitor the market, as timing is crucial. There are other cryptocurrencies that can be mined too (such as Ethereum), but Bitcoin still remains king in terms of popularity and market cap.
Let’s face it — 2017 was the year of Bitcoin’s explosion. The rise of cryptocurrencies did not go unnoticed by the general public, and most people have heard about Bitcoin. People are now investing in cryptocurrencies, others are casually discussing them with their friends, while some are already making a profit trading digital coins.
But even though most people know what Bitcoin is, not many can name another cryptocurrency. And there are many!
I am going to tell you about the top 5 cryptocurrencies that are worth your attention right now. If you want to know what crypto is worth buying and which one will bring you the maximum profit in 2018, then read on.
Blockchain, cryptocurrency and bitcoin have been making headlines for years now. Most people know of their existence, but few understand them. And even fewer can explain how blockchain, cryptocurrencies and bitcoin work in simple terms.
If you’re new to the world of blockchain, bitcoin or cryptocurrency, you’ll find that there’s a lot to learn. But understanding the fundamentals and getting started is easier than you might imagine.
Let’s start by answering the question – what is a cryptocurrency?
What is a Cryptocurrency?
A cryptocurrency is a digital currency that uses cryptography to secure its transactions. This technology has many benefits over conventional money. It enables fast, borderless transactions that are anonymous and secure.
But where did cryptocurrencies originate? And what exactly is blockchain technology? To understand this better, let’s take a look at the history of the most popular cryptocurrency: Bitcoin.
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