Skip to main content

Ten Tips for Investing in Cryptocurrency

Cryptocurrency is the newest trend in the money market that contains the elements of computer science and mathematical theory. Its primary function is to secure communication as it converts legible information into an unbreakable code. You can track your purchases and transfers with cryptocurrency. Following are the top ten tips for investors to invest in cryptocurrency.



  1. It's Just Like Investing in Commodities:


Investing in cryptocurrency is just like investing in any other commodity. It has two faces - it can be used as an asset or as an investment, which you can sell and exchange.



  1. Buy Bitcoin Directly:


Buy Bitcoins directly if you do not want to pay the fee for investing or if you are interested in possessing real Bitcoins. There are a lot of options all over the world including Bitcoin.de, BitFinex, and BitFlyer from where you can buy Bitcoins directly.



  1. Only an Absolute Minority Uses Cryptocurrency:


Today, Bitcoin is the most common cryptocurrency in the world of investment. In the United States, only 24% of the adults know about it, and surprisingly only 2% Americans use it. It is good news for the financial investors as the low usage represents a fruitful investment for the future.



  1. Usage is Growing:


The combined market cap of the cryptocurrencies is more than 60 billion American dollars. It includes all cryptocurrencies in existence including hundreds of smaller and unknown ones. The real-time usage of the cryptocurrencies has gone up, showing a rise in trend.



  1. Usage is the Key Criteria:


As an investor, the usage must be the key for you. The demand and supply data of cryptocurrencies exhibits a decent investment opportunity right now. There exists a strong usage of the currencies for facilitating payments between financial institutions and thus, pushing transaction costs down meaningfully.



  1. The Market Cycle:


Currently, the cryptocurrency market is in euphoria. It is the point where the investment may not appear as a golden opportunity to you but the values will go higher from here. Businesses, governments, and society across the globe will soon be considering cryptocurrencies.



  1. It will Solve Problems for You:


Money is to solve problems, and so is the cryptocurrency. The bigger problem it solves, the higher potential value it gets. The sweet spot for possessing cryptocurrency is that it provides access to money and basic bank functions including paying and wiring.



  1. Crypto to Money:


Today, cryptocurrencies can be exchanged to conventional paper money. Therefore, the lock-in risk that existed a while ago is gone now.



  1. Create Your Portfolio:


Since cryptocurrencies are exchangeable, they have become another way to build your portfolio. You can now store cash in the form of crypto and exchange it for cash anytime you need the traditional money.



  1. Read the Right Resources:


'Everyone and his uncle' becomes a guru during any hype. Be very skeptical while selecting reading sources and people who do cryptocurrency investment.




Source by Muhammad Suhail

Popular posts from this blog

The Basics of Cryptocurrency and the Way It Works

In the times that we're living in, technology has made unbelievable advancement as compared to any time in the past. This evolution has redefined the life of man on almost every aspect. In fact, this evolution is an ongoing process and thus, human life on earth is improving constantly day in and day out. One of the latest inclusions in this aspect is cryptocurrencies. Cryptocurrency is nothing but digital currency, which has been designed to impose security and anonymity in online monetary transactions. It uses cryptographic encryption to both generate currency and verify transactions. The new coins are created by a process called mining, whereas the transactions are recorded in a public ledger, which is called the Transaction Block Chain. Little backtrack Evolution of cryptocurrency is mainly attributed to the virtual world of the web and involves the procedure of transforming legible information into a code, which is almost uncrackable. Thus, it becomes easier to track purchases

Hi all, ETH & ERC-20 on the best DEX - Switcheo!!! Check out this video from yesterdays’ beta test.

submitted by /u/imolev [link] [comments]

Devcon4 Live Stream Links + Agenda + Mega Thread

IT'S THE MOST WONDERFUL TIME OF THE YEAR DEVCON!!!!! I am excited to fill you all in on our livestream and agenda options this year! :) Agenda We have a mobile app this year ! It has stuff like a schedule, conference maps, personal schedule, and more! We also have a desktop version of that mobile app with some removed features . We also have a Google Sheets version of the agenda for those who prefer that. Livestream This year we have SlidesLive providing live streams of the Main Stage (Spectrum). The link to the Devcon4 Main Stage live stream is https://slideslive.com/ethereum/live . LivePeer is live streaming various breakout sessions and other talks throughout the day at http://devcon4.tv/ Recordings of Talks If you've checked out the agenda you can see that we have a toooonnn of content this year. It is not logistically possible to live stream every room this year, but we are taking recordings of some rooms. The following rooms will have their talks recorded: Spe