The Top 10 of the Top Cryptocurrencies was a blog about the best alt coins. Like all blogs, it had its ups and downs, but by and large it was a successful publication. But not long after it had been founded, something odd started happening.
The Top 10 got pushed down in Google search results. It was much harder to find, if you knew what you were looking for. Instead of the first result in Google searches being “The Top 10 of the Top Cryptocurrencies” – podesta group write-up on what to do with bitcoin when it hits $1 mln – it would be “What is Bitcoin?” or “Bitcoin mining equipment” or “How to mine Bitcoin” or something like that, along with some other stuff that didn’t seem to have anything to do with cryptocurrencies at all.
I’ve been looking for a way to invest in cryptocurrencies without losing my shirt, and I’ve finally found it. It’s called Crypto Investing Blog, or CIB for short. CIB is one of the best blogs about cryptocurrencies out there. It was founded by a guy named James Edward Gray, who has built a massive audience on Facebook and Twitter.
CIB started out as a way to promote his own ICOs, but that’s not the reason we’re posting here today. He now posts regular updates about everything he owns. His posts are well-informed and well-written, with lots of links and sources. The tone is professional, but not at all stuffy: he has jokes in his posts, and he has fun with his readers.
I’m not endorsing anything James Edward Gray sells. And I’m not recommending anyone buy anything he sells: check out his track record before you buy anything. But if you’re interested in cryptocurrencies, this is the blog to read first.
A lot of people are interested in investing in crypto coins. But what are they? What is a crypto coin?
Most people think of a crypto coin as a cryptocurrency. I don’t. A cryptocurrency is a digital currency like Bitcoin or Litecoin. And that’s only one kind. There are also so-called “altcoins” (alternative coins). These are cryptocurrencies that have no connection to Bitcoin, but which offer some other feature, such as faster transaction times or lower transaction fees.
Cryptocurrencies aren’t just about getting rich; they’re also about using the Internet to do things you couldn’t do before. You can exchange money between countries without going through the bank, and even without going through the government—like an electronic version of an ancient form of barter, not unlike the way people used to trade grain or salt around pre-industrial societies. You can make payments by email, or buy into companies without paying a fee to credit card companies or banks; they’ll make their money from the transaction itself—the same as in any other kind of business.
With all this you can also start your own business without having to get venture capital or find an angel investor; you don’t need more than a smartphone and an Internet connection and you can
Cryptocurrencies are an interesting technology, and I’ve been writing about them for some time. But I recently came across one that really caught my attention: a currency proposed by an anonymous developer called “Satoshi Nakamoto” in 2009.
That’s the year a writer called Nick Szabo invented bitcoin, which turned out to be the first of what would become known as crypto-currencies. Another crypto-currency was launched a few months later by someone calling himself “Nakamoto,” but because of its decentralized nature, bitcoin seems to have inspired it. Satoshi Nakamoto’s currency is very similar to bitcoin, but not identical; he or she has apparently developed it independently.
What is so striking about this currency is that it doesn’t depend on trust or centralized control to function. The most important thing about bitcoin is that it doesn’t depend on trusting a single entity called “the government.”
In most countries there is no institution called the Mint; rather, different banks issue different currencies. If you want your money to be safe, you have to trust multiple banks working together. The U.S. government can print unlimited amounts of money and force everyone who sees its bills to accept them; if you don’t, you will go broke.
The recent boom in cryptocurrencies is an opportunity for investors to gain a high return. We will look at the most promising opportunities to invest right now.
Cryptocurrencies are a type of digital money that can be used to pay for goods and services. It is different from a national currency, like the euro or dollar; however, many countries have recognized that their national currencies need to be convertible into cryptocurrencies.
Almost all cryptocurrencies share the same underlying idea: they are decentralized, meaning they are not under the control of a central authority and they cannot be arbitrarily frozen or confiscated by them. This idea has been around since Bitcoin (the first cryptocurrency) was created in 2009. The basis of cryptocurrencies is blockchain, which consists of a public ledger of all transactions made using the cryptocurrency. This allows users to have full transparency about every single transaction in real time.
Even though the regulation of cryptocurrencies is still in its early stage, there are already many people who profit from it. While Bitcoin (BTC) itself has seen huge growth and has already achieved a market cap of $70 billion, there are other cryptocurrencies that have even higher growth potential than it. Some of them include Ripple (XRP), Ethereum (ETH), and Litecoin (LTC).
When you invest in a stock or a bond, it’s a bet that the share price will go up. When you invest in a coin, it’s not. In principle, you could make money on any of these coins. But it would take a very long time and many tries to do so. They are all speculative investments, not normal plays on market prices.
They are like lottery tickets. You should buy them if you want to be among the first people to own something new. You can sell your tickets instantly for cash and put your money elsewhere, but this is unlikely to work out well. You can also hold tickets until you win, which doesn’t work out too well either; most of the time the prizes are tiny compared to the cost of buying in, and no one learns anything by waiting.
The term “cryptocurrency” is new but not new. It was coined in 1995 by a group of programmers who called their coin the “Merryweather” after their favorite comic strip. (The name has since been used for other coins.) Cryptocurrencies are digital money that aren’t tied directly to any bank or government, but are instead only linked to each other. As a result, their value is determined by supply and demand.
The first cryptocurrencies were issued anonymously and traded online in “anonymous” markets such as the ones on the Silk Road or Silk Road 2.0. They were virtual currencies, not backed by any government or bank, and because they were anonymous, no one could confiscate them or regulate their use. The value of a cryptocurrency depended on its perceived usefulness – that is, how people thought it would be useful in the future.