Should you start investing in cryptocurrencies and how much to put in? If that question has made you curious then this article is exactly what you’re looking for.
First of all, before investing in anything whether it’s stocks, rental property or cryptocurrencies it is absolutely essential to have good knowledge in the field you’re investing in. This has been repeated over and over again by many investor heavyweights like Warren Buffett, Charlie Munger, Peter Lynch and Donald Trump.
What happens when you invest in a field which you don’t truly understand is you become a part of the mass that follows the rest of the market, and being part of that mass means that it is highly possible for you to become a victim in the case of crash.
So you want to be the one that can analyze whether the thing you’re invested in is overvalued and can get out before it’s too late or undervalued so you can get in at the right time for max returns. The other mistake people make though is that many are so afraid to do something with their money in terms of investing that they just procrastinate for so long that in the end they just forget about the opportunity and leave all the money on the table for others to come.
If you want to start investing in something but don’t have enough knowledge about it then one way to do it is to start investing small portions of your money that you can afford to lose and in the meantime fill up your brain with as much information as possible about the industry or field that you’re investing in. Continue reading “Is Investing in Cryptocurrencies Is Suitable for You and How Much You Should Put In.”
Is it worse investing in cryptocurrencies in 2018? If that question has made you curious, then this three article series is exactly what you’re looking for. We’ll look at:
– why anyone should invest in cryptocurrencies
– how to technically do it
– how much money should you invest
– what to expect after you have invested
All right, so why should anyone invest in cryptocurrencies and what are their benefits over normal money? Actually, there are many. So let’s get into details of every single one of them.
1. No banks, governments or any other single intermediary entities needed, you are fully in control over your money.
The trump card of cryptocurrencies and the most important benefit over fiat money is that there are no banks, governments or any other intermediaries needed, which also means that they have absolutely no control over your money. They cannot print it, they cannot devalue it, they can not adjust the inflation rate for it, they cannot take a big fat fee when you’re sending it to someone abroad, they cannot issue bonds for it and get into more and more deeper financial debt.
But who is in control over it? It is the blockchain. The centralized system which can be owned by anyone and in which participate many many computers all over the world in thousands of different places. All of these computers ensure that the transactions of cryptocurrency are correct and get a small reward in cryptocurrency for the effort. This process is called mining. Continue reading “Why Should Everyone Invest in Cryptocurrencies like Bitcon, Litecoin, Etherium, Ripple, Bitcoin Cash in 2018”
What is Bitcoin? Bitcoins are digital cryptocurrency that is used as an alternative paying method apart from the normal money like US dollars or commodities like gold and silver. Bitcoins are sent through the internet and every transaction is processed by many independent personal computers which are all linked through a Bitcoin mining software. Anyone can get involved into this transaction processing.
But why would anyone use their personal computer to process these payments? That’s because every transaction is made of a complex mathematical problem and whichever computer solves the problem first, gets rewarded with bitcoins. So this makes it kind of a lottery between miners but with the advantage for those who have more high-end computers. This process is called mining and that is the only way how bitcoins are created. Bitcoins are awarded at regular intervals every 10 minutes on average. Continue reading “Bitcoin Price Is Rising So Fast Today and There’s a Reason Why”