Which Cryptocurrency Is Right For You? A guide to understanding the cryptocurrency space.

  • Post comments:0 Comments
  • Reading time:5 mins read

In this guide, we will show you how to buy cryptocurrency. We’ve also created a list of the top five cryptocurrencies that we recommend purchasing today.

We’ll help you understand which cryptocurrency is right for you. And, best of all, we’ll show you how to buy cryptocurrency easily and safely.

If you want to learn more about cryptocurrencies in general, then check out our beginner’s guide to blockchain technology.

The cryptocurrency space is confusing enough as it is. There are so many coins out there, it’s easy to get lost and make the wrong investment decision. When people hear the word ‘cryptocurrency’ they automatically think of Bitcoin. But there are thousands of other options out there — some that are even better than Bitcoin.

While I don’t believe any of the top coins (i.e. Bitcoin, Ethereum, Ripple, NEO) will be going away anytime soon, I do believe 2018 will be a big year for new cryptocurrencies and altcoins.

Many have already seen massive growth in 2017, but many are still relatively unknown or undiscovered. It’s still early days in the cryptocurrency industry, and there is a lot to look forward to…

Anyone who has been following the cryptocurrency space for the past few years will be more than aware of how many new projects launch on a daily basis. Some of these projects are destined to fail, but others might revolutionize the way we use money and technology.

But with such a large number of projects to choose from, how do you know which one is right for you? In this article, I will provide an overview of some of the most popular choices when it comes to cryptocurrency and blockchain technology.

Bitcoin (BTC) – The original cryptocurrency. It is supported by the largest number of exchanges and can be used to purchase a wide range of goods and services (both online and offline). Bitcoin offers very low transaction fees, but it is also the slowest of all cryptocurrencies due to its limitations in scalability.

Ethereum (ETH) – Ethereum was created as a platform to support “smart contracts” – a self-executing contract whereby if condition A is met, condition B automatically takes place. It is also used as a platform for creating decentralized applications (dApps).

Litecoin (LTC) – Litecoin was created as an alternative investment option that could also be used as an everyday currency due to its low transaction fees and extremely fast transfer

As with any investment, be prepared for the risk of losing some or all of your money.

The cryptocurrency space is still a new and unfamiliar one to most people. Understanding how exactly cryptocurrencies work can be difficult, and even once you think you understand them it’s easy to overlook the risks. The following information is not financial advice and only serves as general education. Do your own research before making any investment decisions.

The cryptocurrency space has had its ups and downs over the last few years, but so has every other asset class in existence (real estate, stocks, bonds, gold). Just because cryptocurrencies have been going through a rough patch lately doesn’t mean they won’t eventually bounce back.

What are cryptocurrencies?

Cryptocurrencies are digital assets used as a medium of exchange that uses cryptography to secure transactions and control additional units of the currency being created. This form of payment was first introduced in 2009 after the release of Bitcoin by Satoshi Nakamoto.

The world of cryptocurrency is a wild one. There are more than 1,300 cryptocurrencies in existence and new ones pop up every day. The space is volatile, but that doesn’t mean it’s not worth diving into.

If you’re thinking about getting into cryptocurrency, here’s what you need to know:

-Risk tolerance

-Time horizon

-Investment goals

-Technical knowledge

All investments come with risk. This is especially true when dealing with cryptocurrencies and blockchain technology because this space is so new, it is extremely volatile and there are a lot of unknowns. However…

If you’re looking to get started in the world of cryptocurrency, chances are you’ve been overwhelmed by the sheer amount of information out there.

There are hundreds of cryptocurrencies out there and more are created every day. And while it’s true that many people are using and investing in these currencies, it’s also true that many people have no idea what they’re getting into.

Which is why we created this guide to help you better understand what cryptocurrencies are and how they work. You’ll learn about their benefits, how to identify which ones are most likely to succeed, and how you can get started investing in them.

If you are new to the space, you might have heard of only Bitcoin. It is the biggest cryptocurrency — it currently has a 40% share in the total cryptocurrency market cap! It is the oldest cryptocurrency and it still dominates in the market. So, if Bitcoin continues to increase as it did in 2017, then investing in Bitcoin might be a good idea for 2018.

Taking the first option listed above, which is to buy the underlying, you become the direct holder of the digital asset. Upon purchase, the cryptocurrency is sent to your bitcoin address or account (wallet) with the exchange. From there, you can transfer the crypotocurrency to any bitcoin address or wallet address using your private key that verifies you control ownership of the asset.

The second option requires a bit more time and effort than a straight forward buy trade. But, by using 24 options strategies, you can maximize your returns and limit your losses

Leave a Reply