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How to trade cryptocurrencies – basics of investing in digital currencies

Whether it is the idea of ​​the cryptocurrency itself or the diversification of their portfolio, people from all walks of life are investing in digital currencies. If you are new to the concept and are wondering what is going on, here are some basic concepts and considerations for investing in cryptocurrencies.
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What cryptocurrencies are available and how can I buy them?

With a market capitalization of about $ 278 billion, Bitcoin is the most established cryptocurrency. Ethereum is second with a market capitalization of over $ 74 billion. In addition to these two currencies, there are a number of other options, including Ripple ($ 28 billion), Litecoin ($ 17 billion) and MIOTA ($ 13 billion).
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As the first on the market, there are a lot of exchanges for trading Bitcoins around the world. BitStamp and Coinbase are two well-known US stock exchanges. Bitcoin.de has established a European exchange. If you are interested in trading other digital currencies along with Bitcoin, then there is a crypto market where you will find all digital currencies in one place. Here is a list of exchanges according to their 24-hour trade volume.

What options do I have for saving money?

The next important consideration is keeping coins. One of the possibilities, of course, is keeping them on the stock exchange where you buy them. However, you will need to be careful when choosing an exchange. The popularity of digital currencies has resulted in many new, unknown exchanges appearing everywhere. Take time for detailed analysis to avoid scammers.

Another option you have with cryptocurrencies is that you can store them yourself. One of the safest options for storing your investment is hardware wallets. Companies like Ledger allow you to store bitcoin and several other digital currencies.

What is the market like and how can I find out more about it?

The cryptocurrency market fluctuates greatly. The unstable nature of the market makes it more suitable for long-term play.

There are many established news websites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph, and Cryptocoin News. In addition to these sites, there are many Twitter accounts that post tweets about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies aim to disrupt the traditional currency and commodity market. Although these currencies have a long way to go, the success of Bitcoin and Ethereum has proven that there is a genuine interest in the concept. Understanding the basics of investing in cryptocurrencies will help you go in the right direction.

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Cryptocurrency communities

If you’re interested in being more active and engaged in the blockchain era, it’s time to become part of a supportive cryptocurrency. But before you can do that, you definitely need to learn about communities.

  1. Bitcoin (BTC) community

The pioneering blockchain asset was Bitcoin. It is rumored that the creator of bitcoin still holds a million bitcoins that have not been released into the crypto space. The community enjoys a large and loyal follow-up of almost staunch supporters. They are experienced in both quantity and quality.
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The community is said to have countless highly qualified crypto influencers. The community remains one of the largest networks in the crypto world.

  1. Ethereum (ETH) community

The community has strong networks with significant investors. These investors are continuously financing his projects. It is represented by the Ethereum Community Fund, the idea of ​​startups working with the network. It was noted that the Community Fund attracted a huge number of people. The community funds projects that seek to establish infrastructure on the Ethereum network.
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The platform is flexible and capable of achieving several goals, making it a preferred destination for developers.

  1. Substrate Community (SUB)

The main goal of the community is the decentralization of the Internet. This goal helped him gain a good number of followers. It intends to achieve decentralization of the Internet by changing the monopoly on the Internet that has existed for centuries. Does not use centralized servers.

SUB is known to focus on the community as part of its core vision.

  1. Bytecoin (BCN)

Bytecoin is one of the pioneering coins for privacy. It existed before the crypto was known. Through the efforts of the community, the successful creation of virtual currencies has been made possible through its forks. This increased the popularity of Bytecoin. The community therefore supports the goal of the platform with great confidence.

  1. Waves platform (WAVES)

WAVES is one of the platforms that seeks to make token and crowdfunding processes more accessible to the masses. Among the main goals is a revolution in the field of token issuance and crowdfunding.
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The community enjoys mass monitoring by passionate developers and the community. Moreover, the Waves Community Token (WCT) has improved community engagement in the Waves team. The token allows the owner to rate fresh projects joining the platform to access future rewards.

  1. Lisk (LSK)

LSK is a decentralized project that enjoys following a strong community. The platform focuses on software development. In addition, it focuses on real improvements when complaining about price dynamics.

The platform uses high-level community participation in the management of its structure. The platform is already gaining a lot on community participation.

The culture of cryptocurrencies is already gaining enthusiasm and acceptance every year. Those interested in blockchain era activities need to know more about crypto space. In addition to these communities, there are others such as Dogecoin, Monero, Nano, EOS and Ripple.

The growth of cryptocurrencies is motivated by Metcalfe’s law which says that: The value of a network increases in proportion to the number of participants in that network.

Getting started with cryptocurrencies

Investing in the space of the cryptocurrency market is often complex, especially for traditional investors. This is because investing directly in cryptocurrencies requires the use of new technologies, tools and the adoption of some new concepts.

If you decide to dip your fingers into the world of CryptoCurrency, you will need to have a clear picture of what to do and what to expect.

Whether it is Bitcoin, Litecoin, Ethereum or any of the 1300 tokens, buying and selling cryptocurrencies requires you to choose the Exchange that trades the products you want.

Being the best known decentralized cryptocurrency, Bitcoin runs the crypto space so dominantly that the terms crypto and bitcoin are sometimes used interchangeably. However, the fact is that there are other cryptocurrencies that can be trusted in crypto-investments.

Litecoin

Litecoin, also called ‘silver in bitcoin gold’, is an open source decentralized payment network that operates without the involvement of intermediaries.

How is Litecoin different from Bitcoin? Well, both are similar in many ways, but the generation of Litecoin blocks is much faster than the Bitcoin generation. This makes investors around the world open to accepting Litecoin.

Charlie Lee, a former engineer at Google, founded Litecoin in 2011. Although Litecoin does not have Bitcoin anonymity technology, recent reports show that Litecoin is preferred after bitcoin because of its consistency. Another factor that favors Litecoin is Bitcoin SegWit technology which means secure equal currency trading without involving exchange.

Ethereum

Launched in 2015, Ethereum is a decentralized software platform that allows the distribution of applications and smart contracts to function without third-party interference. Currency is an ether that is like an accelerator within the ethereum platform. In the leading space of cryptocurrency, Ethereum. is the second most desirable choice after Bitcoin.

Zcash

Zcash attracted attention in the second half of 2016 and focuses on solving the problem of anonymous transactions. To understand the currency, let’s take it as “if bitcoin is like HTTP for money, Zcash is HTTPS”.

Currency offers the choice of a protected transaction to maintain the transparency, privacy and security of transactions. This means that investors can transfer data in the form of encrypted code.

Dash

Originally known as darkcoin, Dash is a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield under the name Xcoin. It is also known as a decentralized autonomous organization or simply DAO. The coin was supposed to eradicate all the prevailing restrictions of Bitcoin. Currently, Bitcoin has earned a significant position in the space of cryptocurrencies.

An alternative to a virtual currency that promises secured and anonymous transactions via peer-to-peer networking is cryptocurrency. The key to making a lot of money is the right investment at the right time. Compared to everyday earnings, cryptocurrency models function without the involvement of any middle man as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, continuous activity is issued, managed and supported by the peer-to-peer community. Cryptocurrency is known for fast transactions in any other way, such as digital wallets and other media.

In addition to the above, other major cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and ripple (XRP).

Although bitcoin is the driver of trends and leads the race, other currencies have also taken their significant position and are becoming more and more preferred every day. Given the trend, other cryptocurrencies will have a long way to go and could soon give Bitcoin a really hard time to maintain its position.

If you have decided to invest speculatively in this disruptive technology and want to have all the current and future recommendations, connect with “The Top Coins”.

The best bitcoin trading platforms

Cryptocurrency not only provided the fastest way to transfer money, but also a new entity for trading and earning, in addition to stocks and other commodities. Although you can sell and buy Bitcoin directly, you can also use Bitcoin exchanges to continue trading cryptocurrencies. There are many exchanges where Bitcoin trading is safe and secure, and customers are facilitated by many extended services. As an investor or cryptocurrency trader, you can choose any exchange for your convenience. Still, it is recommended to take a peek at the reviews of some before opting for one. Below is a brief overview of the best bitcoin exchanges around the world.

CoinBase: It is probably one of the most famous and largest bitcoin trading exchanges with double objects that trade directly and through wallets. CoinBase was founded in 2012 through the venture invention of the Y-Combinator and has grown rapidly since then. There are many lucrative services like multiple deposit and cash withdrawal options, cash transfers between two CoinBase are current, multiple signature wallet contents for more secure transfers, Bitcoin deposits are insured for any loss, etc. CoinBase has a wide range of payment partners in Europe and the United States, which allow transactions to be performed through them without hindrance. It has relatively low transaction fees and offers Bitcoin trading, along with a large number of Altcoin trades.

CEX.IO: One of the oldest and most well-known exchanges launched in 2013, London as a Bitcoin Trading Exchange, and also as a cloud mining facilitator. Later, its mining power grew so enormously that it held almost half of the network’s mining capacity; however, it is now closed. “CEX.IO” allows customers to expand to a much larger volume of Bitcoin trading, and has the ability to make Bitcoin immediately available at the requested price. However, a slightly high amount of exchange is charged for this exchange, but this is offset by the security and ability to enable multi-currency transactions (dollar, euro and ruble) to purchase bitcoin.

Bitfinex: It is one of the most advanced trading exchanges, and is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as for Bitcoin, this exchange has better options such as leverage, margin financing and multi-account trading. In addition, Bitfinex offers customizable GUI features, many types of orders, such as limits, stops, follow-ups, markets, and more. This exchange also offers about 50 currency pairs that can be traded and that can be easily picked up for everyone. One of the largest exchanges in terms of volume traded Bitfinex offers a pseudonym for trading and only some services require identification. The only drawback of this exchange is that it does not support the purchase of Bitcoin or any other altcoin through fiat transactions.

Bitstamp: Founded in 2011, it is the oldest stock exchange offering cryptocurrency and Bitcoin trading. Most appreciated because, despite being the oldest, he has never been under security threat lately. Bitstamp currently supports four currencies Bitcoin, Ethereum, Litecoin and Ripple, and is also available with the mobile app, in addition to the trading website. It has nice support for European users or merchants who have an account in Euro banks. Security is advanced and is of the cold type, which means that the coins are kept offline. So you can say that it is completely impossible for any hacker to infiltrate. Finally, its complex user interface suggests it is not for beginners but for professionals and offers relatively low transaction fees.

Kraken: It is one of the largest bitcoin trading exchanges in terms of liquidity, the volume of crypto trading in euros and trading in Canadian dollars, US dollars and yen. Kraken is the most respected stock exchange targeted through the turmoil of cryptocurrency trading and has managed to keep the amount of buyers safe despite the fact that other stock exchanges have been hacked at the same time. With more than 14 cryptocurrency trading facilities, the user can deposit fiat as well as cryptocurrency, along with a similar capacity to withdraw money. However, it is not suitable for beginners, but it has better security features and low transaction fees compared to CoinBase. The most important factor for Kraken is that he is trusted in the community and that he was the first to show the quantities and prices at the Bloomberg terminal.

A Beginner’s Guide to Your Own Bitcoin Cryptocurrency

Bitcoin cryptocurrency is buzzing all over the world, whether you are on the Internet or any other medium. It’s one of the most exciting and craziest things to happen in just the last few years. More importantly, you can earn a terrible return by trading bitcoins or you can keep it long term.

You may be heard about stocks, commodities, Forex and now a new currency called Bitcoin trading that is greatly affecting our lives. In this initial guide to Bitcoin cryptocurrency you will get to know ABC Bitcoin.

About Bitcoin cryptocurrency

The emergence of Bitcoin is still unknown, but in October 2008, a work was published under the pseudonym Satoshi Nakamoto from Japan. His identity is still unknown, and it is believed that as of September 2017, he has approximately one million bitcoins worth more than 6 billion US dollars.

Bitcoin is a digital currency popularly known as a cryptocurrency and does not contain any geographical boundaries. No government regulates this, and all you need is an internet connection. As a novice, Bitcoin technology can confuse you and it’s a little hard to know about it. However, I will help you dig it deeper and how you can make your first Bitcoin trading easy.

Bitcoin cryptocurrency works on blockchain technology which is a digital public book and shared by everyone in the world. Here you will find your transactions whenever you do any Bitcoin trading and anyone can use the book to check it out. The executed transaction will be completely transparent and verified by blockchain. Bitcoin and other cryptocurrencies are part of the blockchain and are an amazing technology that only works on the Internet.

Key terms related to the cryptocurrency Bitcoin

Before you are ready to own your first Bitcoin, it is better to know the key terms associated with bitcoins. It is also called BTC which is part of bitcoin, and 1 bitcoin equals one million bits. With the advent of bitcoin, some other alternative cryptocurrencies have evolved. They are popularly called Altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many others.

XBT and BTC are the same things and are often abbreviated to bitcoin. Mining is another term that is often used and is actually a process that makes computer hardware for Bitcoin networks.

Things you can do with bitcoins

You will be able to trade, make transactions, accept and store bitcoin. You can send it to friends, request it from a friend and save it in a digital wallet. Even now you can top up your mobile phone / DTH directly by paying via bitcoin.

The cost of the transaction is low compared to PayPal, credit cards and other online intermediaries. Furthermore, it also protects your privacy which may leak to the Internet while you use credit cards. It is extremely safe and no one can take or steal coins. Due to its transparency in the system, it is also not possible to manipulate due to the common public book. You can check the transaction from anywhere and at any time.

Demand is likely to rise as total bitcoin production will be limited to just 21 million. Japan has already legalized it, and other countries may soon follow suit, and the price may rise further.

I will cover Bitcoins in detail in the coming days, where you will learn great things about bitcoin trading. You can comment on your views and ask anything relevant to bitcoin.

If you liked this beginner’s guide to Bitcoin cryptocurrency, share it and like it on social media.

What are the top 5 cryptocurrencies other than bitcoin?

Bitcoin has been running the crypto world for so long and so dominantly that the terms crypto and bitcoin are often used interchangeably. However, it is true that digital currency does not only consist of Bitcoin. There are numerous other cryptocurrencies that are part of the crypto world. The purpose of this post is to educate our readers about non-Bitcoin cryptocurrencies to provide them with a wide range of options to choose from – if they intend to make crypto-investments.

So let’s start with the first name on our list, and that is:

Litecoin:

Launched in 2011, Litecoin is often referred to as ‘silver in bitcoin gold’. Charlie Lee – an MIT graduate and former engineer at Google, is the founder of Litecoin.

Similar to Bitcoin, Litecoin is a decentralized open source payment network that operates without a central body.

Litecoin is similar to Bitcoin in many ways and often makes people think, “Why not go with Bitcoin? It’s both similar!”. Here’s the catch: Litecoin’s block generation is much faster than Bitcoin’s! and this is the main reason why retailers around the world are becoming more open to accepting Litecoin.

Ethereum:

Another, decentralized open source software platform. The currency was launched in 2015 and enables the creation and launch of smart contracts and distributed applications without downtime.

Applications on the Ethereum platform require a specific cryptographic token – Ether. According to the basic developers of Ethereum, the token can be used for trade, protection and decentralization of almost everything.

Ethereum experienced an attack in 2016 when the currency split into two parts: Ethereum and Ethereum Classic.

In the race of leading cryptocurrencies, Ethereum is the second most popular and right behind Bitcoin.

Zcash:

Zcash came out in the later part of 2016. The currency is defined as: “if Bitcoin is like http for money, Zcash is https”.

Zcash promises to provide transparency, security and privacy of transactions. Currency also offers the option of a ‘secure’ transaction so that users can transfer data in the form of encrypted code.

Dash:

Dash is originally a secret version of Bitcoin. It is also known as ‘Darkcoin’ because of its mysterious nature.

Dash is popular because it offers extended anonymity that allows its users to disable transactions.

The currency first appeared on the digital market in 2014. Since then, she has experienced a large number of fans in a very short period of time.

Ripples:

With a market capitalization of over a billion dollars, Ripple is a last name on our list. The currency was launched in 2012 and offers instant, secure and cheap payments.

The Ripple Consensus Book does not require mining, a feature that makes it different from Bitcoin and other major cryptocurrencies.

The lack of mining reduces computing power which ultimately minimizes latency and speeds up transactions.

Wrap:

Although Bitcoin still leads in the crypto package, rivals are accelerating. Currencies like Ethereum and Ripple have surpassed Bitcoin in corporate solutions and are growing in popularity on a daily basis. Following the trend, other crypto-games remain here and will soon give Bitcoin a very difficult time to maintain its status.

What is an ICO in cryptocurrency?

ICO stands for Initial Coin Offering. When launching a new cryptocurrency or crypto-token, developers offer investors a limited number of units in exchange for other major cryptocurrencies, such as Bitcoin or Ethereum.

ICOs are amazing tools for the rapid rain of development funds to support new cryptocurrencies. Tokens offered during the ICO can be sold and traded on cryptocurrency exchanges, provided there is sufficient demand for them.

Ethereum ICO is one of the most notable successes, and the popularity of initial coin offerings is growing as we talk.

A brief history of the ICO

Ripple is probably the first cryptocurrency to be distributed through ICOs. In early 2013, Ripple Labs began developing the Ripple payment system and generated approximately 100 billion XRP tokens. They were sold through the ICO to fund the development of the Ripple platform.

Mastercoin is another cryptocurrency that sold several million tokens for Bitcoin during the ICO, also in 2013. Mastercoin aimed to tokenize Bitcoin transactions and execute smart contracts by creating a new layer on top of the existing Bitcoin code.

Of course, there are other cryptocurrencies that have been successfully funded through the ICO. Back in 2016, Lisk raised about $ 5 million during their initial coin offering.

Still, the Ethereum ICO held in 2014 is probably the most prominent so far. During their ICO, the Ethereum Foundation sold ETH for 0.0005 Bitcoins, raising nearly $ 20 million. Leveraging the power of smart contracts, Ethereum has paved the way for the next generation of initial coin offerings.

ICO Ethereum, a recipe for success

Ethereum’s smart contract system has implemented the ERC20 protocol standard that sets out the basic rules for creating other matched tokens that can be transported on Ethereum’s blockchain. This allowed others to create their own tokens, in line with the ERC20 standard, which can be traded for ETH directly on Ethereum’s network.

DAO is a notable example of the successful use of Ethereum smart contracts. The investment company raised $ 100 million in ETH, and the investors received DAO tokens in exchange that allow them to participate in the management of the platform. Unfortunately, DAO failed after being hacked.

Ethereum ICO and their ERC20 protocol highlighted the latest generation of blockchain-based crowdfunding projects through Initial Coin Offerings.

It also made it easier to invest in other ERC20 tokens. Simply transfer ETH, paste the contract into your wallet and new tokens will appear in your account so you can use them as you wish.

Obviously, not all cryptocurrencies have ERC20 tokens living on Ethereum’s network, but almost any new blockchain-based project can trigger an initial coin offering.

The rule of law of the ICO

As for the legality of the ICO, there’s a bit of a jungle out there. In theory, tokens are sold as digital goods, not as financial assets. Most jurisdictions have not yet regulated ICOs, so assuming the founders have a seasonal lawyer on their team, the entire process should be paperless.

Nevertheless, some jurisdictions have become aware of ICOs and are already working on their regulation in a similar way as the sale of shares and securities.

Back in December 2017, the US Securities and Exchange Commission (SEC) classified ICO tokens as securities. In other words, the SEC was preparing to stop ICOs that they believe are misleading investors.

There are cases where the token is just a service token. This means that the owner can easily use it to access a particular network or protocol, in which case it may not be defined as financial security. Nevertheless, proprietary tokens whose purpose is to assess value are quite close to the concept of security. Truth be told, most symbol purchases are made specifically for investment purposes.

Despite the efforts of regulators, ICOs remain in the gray legal area and until a clearer set of regulations is imposed, entrepreneurs will try to benefit from initial coin offerings.

It is also worth mentioning that when regulations reach their final form, the costs and efforts required to comply can make ICOs less attractive than conventional financing options.

Closing remarks

For now, ICOs remain an amazing way to fund new crypto-related projects, and there have been more successful ones with even more.

However, keep in mind that everyone today runs ICOs and many of these projects are fraudulent or lack the solid foundations they need to thrive and return on investment. For this reason, you should definitely thoroughly research and research the team and background of any crypto project you may want to invest in. There are several websites that list ICOs, just search on Google and you will find some options.

The Wild West crypto show continues

Here’s a frequently asked question: How do I choose which cryptocurrency to invest in – aren’t they all the same?

There is no doubt that Bitcoin has taken the lion’s share of the cryptocurrency (CC) market, and that’s largely thanks to its FAME. This phenomenon is similar to what is happening in national politics around the world, where a candidate takes the majority of votes based on FAME, instead of any proven abilities or qualifications to run the nation. Bitcoin is a pioneer in this market space and continues to collect almost all titles in the market. This FAME does not mean that it is perfect for business, and it is quite well known that Bitcoin has limitations and problems that need to be solved, however, in the world of bitcoin there is disagreement about how best to solve problems. As the problems intensify, developers are constantly given the opportunity to initiate new coins that deal with specific situations and thus differentiate themselves from approximately 1,300 other coins in this market space. Let’s look at two Bitcoin rivals and explore how they differ from Bitcoin and from each other:

Ethereum (ETH) – The Ethereum coin is known as ETHER. The main difference from Bitcoin is that Ethereum uses “smart contracts” which are objects that hold accounts on the Ethereum blockchain. Smart contracts are defined by their creators and they can communicate with other contracts, make decisions, store data and send ETHER to others. The execution and services they offer are provided by the Ethereum network, and all this is beyond what Bitcoin or any other blockchain network can do. Smart contracts can act as your autonomous agent, following your instructions and rules for spending currency and initiating other transactions on the Ethereum network.

Ripple (XRP) – This coin and the Ripple network also have unique features that make it much more than just a digital currency like Bitcoin. Ripple has developed the Ripple Transaction Protocol (RTXP), a powerful financial tool that allows exchanges on the Ripple network to transfer funds quickly and efficiently. The basic idea is to place money in “gateways” where funds can only be unlocked by those who know the password. This opens up enormous opportunities for financial institutions, as it simplifies cross-border payments, reduces costs and provides transparency and security. All this is achieved through creative and intelligent use of blockchain technology.

The mainstream media covers this market with breaking news almost every day, however, there is little detail in their stories … mostly it’s just dramatic headlines.

The show Wild West continues …

The selection of 5 crypto / blockchain stocks is higher on average 109% from 11./17. December. Wild swings continue with daily spins. Yesterday we had the last South Korea and China trying to bring down the cryptocurrency boom.

On Thursday, South Korean Justice Minister Park Sang-ki sent global bitcoin prices temporarily down and into virtual coin markets in turmoil when he reportedly said regulators were preparing laws banning cryptocurrency trading. Later that day, the South Korean Ministry of Strategy and Finance, one of the main member agencies of the South Korean Cryptocurrency Regulatory Working Group, came out and said that their department disagrees a premature statement by the Ministry of Justice on a potential ban on cryptocurrency trading.

Although the South Korean government says cryptocurrency trading is nothing more than gambling and they are worried that the industry will leave many citizens in a poor house, their real concern is the loss of tax revenues. It is the same concern that every government has.

China has grown into one of the world’s largest sources of cryptocurrency mining, but it is now rumored that the government is seeking regulation of the electricity used by mining computers. Over 80% of bitcoin mining electricity today comes from China. By shutting down miners, the government would make it harder for Bitcoin users to verify transactions. Mining operations will be relocated, but China is particularly attractive due to very low electricity and land costs. If China continues to deal with this threat, there will be a temporary loss of mining capacity, which would result in Bitcoin users seeing longer time and higher transaction verification costs.

This wild ride will continue, and much like the boom of the internet, we will see some big winners and eventually big losers. Also, similar to the internet boom or growth of uranium, those who enter early will prosper, while mass investors always show up at the end, buying at the top.

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How "Crypto" Currencies work – a brief overview of Bitcoin, Ethereum and Ripple

“Crypto” – or “cryptocurrencies” – are a type of software system that provides users with the functionality of transactions over the Internet. The most important feature of the system is theirs decentralized nature – which it usually provides blockchain database system.

Blockchain and “cryptocurrencies” have recently become major elements of the global zeitgeist; usually as a result of the “price” of Bitcoin in the sky. This has led to millions of people participating in the market, and many “Bitcoin exchanges” have been subjected to enormous infrastructural stresses as demand has grown.

The most important thing to understand about “crypto” is that although it actually serves a purpose (cross-border transactions via the Internet), it does not provide any other financial benefit. In other words, its “intrinsic value” is firmly limited to the ability to make transactions with other people; NOT in preserving / disseminating value (which most people see).

The most important thing you need to understand is that they are “Bitcoin” and the like payment networks – NO “currency”. This will be covered in more detail in a second; the most important thing to understand is that “enrichment” with BTC is not the case to give people a better economic position – it is simply a process of being able to buy “coins” at a low price and sell them more.

To that end, looking at “crypto”, you must first understand how it actually works and where its “value” actually lies …

Decentralized payment networks …

As mentioned, the key thing to remember about “Crypto” is that it’s mostly a decentralized payment network. Think of Visa / Mastercard without a central processing system.

This is important because it highlights the real reason why people have really started to consider the Bitcoin proposal more deeply; gives you the ability to send / receive money from anyone around the world, as long as it has your Bitcoin wallet address.

The reason why this attributes a “price” to various “coins” is due to the misconception that “Bitcoin” will in some way give you the opportunity to make money thanks to “crypto” assets. It’s not.

The ONLY The way people made money with Bitcoin was due to the “rise” of its price – buying “coins” at a low price and selling for a MUCH higher price. While many have succeeded, it was actually based on a “bigger fool theory” – basically stating that if you manage to “sell” coins, it’s a “bigger fool” than you.

This means that if you want to connect to the “crypto” space today, you are basically looking to buy any “coin” (even “alt” coin) that is cheap (or cheap) and riding on its price rises until you sell them later . Since none of the “coins” have real assets, there is no way to assess when / if / how this will work.

Future growth

For all intents and purposes, “Bitcoin” is a expended force.

The epic rally in December 2017 heralded mass adoption, and while its price is likely to continue to rise in the $ 20,000 + range, buying one of the coins today will basically be a big gamble to make it happen.

Smart money is already looking at most “alt” coins (Ethereum / Ripple, etc.) that have a relatively low price but are constantly rising in price and adoption. The key thing to look at in a modern “crypto” space is the way different “platform” systems are actually used.

Such is the fast “technological” space; Ethereum and Ripple look like the next “Bitcoin” – with an emphasis on how they can provide users with the ability to actually use “decentralized applications” (DApps) on top of their core networks to get the functionality of the deal.

This means that if you are looking for the next level of “crypto” growth, it will almost certainly come from different platforms that you can recognize there.