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Which Cryptocurrency To Invest In 2018

So You're Thinking About Investing In Bitcoin? Don't

So You're Thinking About Investing In Bitcoin? Don't

So you're thinking about investing in bitcoin? Don't So you're thinking about investing in bitcoin? Don't A collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush. I know youre tempted, but dont be a fool Mr Money Mustache is a financial blogger. He retired at 30 by living frugally and consistently investing his paycheck Last modified on Mon 15 Jan 2018 13.57EST An investment is something that has intrinsic value, not speculative value.Photograph: Anadolu Agency/Getty Images Ive been watching this bitcoin situation for a few years, assuming it would just blow over. But a collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush worldwide. It has gotten to the point where a large number of financial stories and questions in my inbox ask whether or not to invest in BitCoin. Lets start with the answer: no. You should not invest in Bitcoin. The reason why is that its not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments. These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future. When you make this kind of purchase which you should never do you are speculating. This is not a useful activity. Youre playing a psychological, win-lose battle against other humans with money as the sole objective. Even if you win money through dumb luck, you have lost time and energy, which means you have lost. Bitcoin and cryptocurrencies 'will come to bad end', says Warren Buffett Investing means buying an asset that actually creates Continue reading >>

Bitcoin, Ethereum, Other Cryptocurrency: Five Positive Factors For 2018

Bitcoin, Ethereum, Other Cryptocurrency: Five Positive Factors For 2018

Bitcoin (BTC) is the most important cryptocurrency. Most government-backed money that goes in and out of crypto goes through bitcoin, so what happens to the original cryptocurrency affects the entire market. The token's market dominance stood at about 40 percent as of Wednesday. By my estimates, however, it's clear bitcoin's market dominance should return to 75 percent of the entire space. I actually see a 150 percent potential upside in bitcoin for 2018. Why? Well, BTC is still dominant. It has the biggest user base and the biggest industry. Still, it faces a challenge in scaling up for wider use. Bitcoin now can't handle more than six or seven (or, with the "Segregated Witness" protocol upgrade, it's 12 to 14) transactions a second. Compare that with credit cards, which involve thousands of transactions per second, so the criticism about bitcoin's ability to be useful at larger scales is understandable. The scalability challenge results in high fees as well. What is the solution? It is the so-called second-layer peer-to-peer off-chain networks. To cite an example, look at the Lightning Network . Created by Blockstream, the Lightning Network allows for transactions off the blockchain, thereby decreasing the transaction costs almost to zero and increasing the speed and scalability almost infinitely. And it's just getting started. As you can see from this map , more and more nodes as well as channels are being established. It is growing exponentially. In the coming months, we will see a sharp uptick in transactions and the use of more bitcoin in these channels. What's more, the Lightning Network doesn't have any fee. In other words, second-layer networks solve the problems bitcoin faces scalability and lack of liquidity. That could be a key reason why bitcoin surges thi Continue reading >>

What's The Best Cryptocurrency To Buy In 2018?

What's The Best Cryptocurrency To Buy In 2018?

What's the Best Cryptocurrency to Buy in 2018? By David Zeiler , Associate Editor, Money Morning @DavidGZeiler Your email address will not be published. Required fields are marked * Sign me up for the Money Morning newsletter Narrowing down the best cryptocurrency to buy in 2018 depends on how deep into the crypto roster you're willing to go. Investing in cryptocurrencies is already a highly risky proposition any one of them could quickly collapse to zero but the more established cryptocurrencies such as Bitcoin, Ethereum, and Ripple are somewhat less risky. And while these better-known cryptocurrencies are expected to rise significantly in 2018, they aren't likely to deliver the kind of percentage gains they delivered in 2017. Bitcoin rose 1,318% last year, Ethereum 9,162%, and Ripple a stunning 36,018%. But some of the newer cryptocurrencies could achieve similarly monster gains, particularly those that trade for relatively low prices (in many cases under $1). Plus, it's wise to diversify your crypto holdings just in case one does suffer an epic collapse. To determine the best cryptocurrencies to invest in, I've looked for those with the strongest use cases and those with the best prospects to appreciate over the course of the year. Using these criteria last July, I recommended 12 cryptocurrencies to Money Morning readers. Today, 11 out of the 12 are winners most of them big winners. Monero has led the way; it's now more than 6.5 times its July 28 price. The smallest gainer was Golem, which is up 50%. The only loser was Gnosis, which is down 34%. Had an investor put $100 into each of those cryptocurrencies then, for a total initial stake of $1,200, they'd now have $3,859 a gain of 221.6%. With that in mind, here are my top 10 cryptocurrencies for this year five re-re Continue reading >>

What You Need To Know About Cryptocurrency In 2018

What You Need To Know About Cryptocurrency In 2018

What you need to know about cryptocurrency in 2018 In 2013, then-Federal Reserve Chair Ben Bernanke wrote a letter to Congress in which he said , Virtual currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system. 2017 gave rise to an entire ecosystem of companies doing exactly that, and the result has been exponential growth in the sector. The world of cryptocurrency is moving into 2018 with more energy than ever, especially now that such expert predictions have started to manifest. The excitement around Bitcoin s price escalation and futures trading has generated significant interest amongst new users; people who knew nothing about cryptocurrency a month ago are scrambling to learn everything they can to begin investing, but the learning curve can be daunting. Whether youre a complete newbie to the crypto scene or a veteran investor seeking to maximize your returns, there are several things you need to know about cryptocurrency moving into the new year. One of the most important trends youll notice in the crypto sphere is a transition away from central security and into client-side security, since 2017 was the year of cybersecurity incidents. There have been numerous, costly hacks in virtually every market, and users are becoming increasingly aware of the importance of securing their personal data and assets. In the crypto market, consumers are trending toward a preference for decentralized exchanges and storage options. The cutting-edge of security is defined by companies that return control to users and eliminate costly security incidents, explains Paul Puey, founder and CEO of Edge. Their crypto wallet avoids storing user data on a centralized server, instead encrypting data on the users o Continue reading >>

Best Bitcoin Alternatives 2018: An Honest Guide To Buying Cryptocurrency

Best Bitcoin Alternatives 2018: An Honest Guide To Buying Cryptocurrency

Bitcoin has turned many pauper into a prince over the years, but the soaring value of the worlds most popular cryptocurrency means many punters are now looking for alternatives. But should you buy Rippe (XRP), Litecoin or Ethereum? Recent data from two popular digital currency tracking sites can help you decide. As can insider warnings The biggest rising crypto-star of 2017 was XRP aka Ripple, according to data from CoinMarketCap. It started 2017 worth a measly $0.0065 per coin (unit?), but was valued at $2.47 by the end of the year a Herculean 37,000% increase. It also enjoys the second largest market capitalisation behind Bitcoin and is now valued at $142bn overall. Bitcoin tots up a $251.4bn market cap, by way of comparison. Ethereum and Litecoin also performed exceptionally well in 2017. Figures from Coinbase show that Ethereum, which is currently hovering just shy of the $1000 mark at time of publication, surged by over 9240% last year. Its market cap now sits at around $100.6bn. Litecoin ($13.2bn market cap), for its part, grew by more than 5195% year-on-year, and was hovering just over $245 on the morning of Friday, January 5 To put this all into context, a single Bitcoin will set you back some $15,550 today. These are the cryptocurrency worlds three fastest risers, and those wanting to dabble without could do worse than to snap up a few still-affordable XRPs. Litecoin and Ethereum are arguably bigger names and will set you back more, but if Bitcoins rise and rise is anything to go by, they could still be far from their ceiling and also represent good alternatives to consider. However, know that the value of digital currencies are subject to major fluctuations far more pronounced than physical monies and high-profile cryptocurrencies have been known to completel Continue reading >>

Siacoin (sc) Cryptocurrency Offering A Second Chance To Investors

Siacoin (sc) Cryptocurrency Offering A Second Chance To Investors

Siacoin (SC) cryptocurrency offering a second chance to investors Siacoin (SC) cryptocurrency offering a second chance to invest before take off Siacoin (SC) cryptocurrency is among the 600+ cryptocurrencies worldwide. With such a huge number, it can be quite difficult to choose which crypto coin to invest in. To make matters worse, you will find that some of the crypto coins collapse a few years after being released due to lack of good strategy. Other cryptocurrencies struggle for a very long time before getting a foot into the market. That is why it is a delicate matter when it comes to choosing the cryptocurrency to invest in. Siacoin is one of the crypto coins expected to make huge steps in the coming years and it is a prime asset for investors. The Siacoin is the crypto coin used in the Sia platform. It is the token used in the Sia cryptocurrency blockchain network. Sia cryptocurrency is a blockchain based cloud storage space cryptocurrency that was launched in June 2015. It is a unique cryptocurrency looking to get a footing into one of the most massive internet investments of offering storage space. It is competing with the likes of Dropbox and Google Drive, which themselves arent based on the blockchain technology. Instead of using Initial Coin Offerings (ICO) s to generate funds, the cryptocurrency started off by genesis block mining and managed to get $1.25 million. The funds were mainly from big investors like Fenbushi Capital and Procyon Ventures. Siacoin introduces blockchain technology in the world of cloud storage space. This means that SC coin offers a decentralized cloud storage space where the user only need to pay for using the Siacoin. Also, contrary to the normal cloud storage like Dropbox, Sias cloud storage is encrypted. The fee charged for the S Continue reading >>

Top Cryptocurrencies To Invest In 2017-2018 [ Best Picks +tips ]

Top Cryptocurrencies To Invest In 2017-2018 [ Best Picks +tips ]

By Faraz Jafari | Finance & Investment , Technology Cryptocurrency is the future of money, and even though it is still in its infancy and lacking the regulatory systems and networks to fully utilise. The shared agreement to use and embrace this new wave of technological assets, means that the current financial systems that control, regulate and maintain paper currencies such as the USD, GBD, EURO, YEN etc will no longer maintain a monopoly over the financial and monetary markets, and moreover, human affairs. Cryptocurrencies are used primarily outside existing banking and governmental institutions, and exchanged over the Internet. While these alternative, decentralized modes of exchange are in the early stages of development, they have the unique potential to challenge existing systems of currency and payments Wikipedia Besides being the future and the vigilant citizens currency of choice. Cryptocurrecny have been known to make many rich and therefore, there is a financial incentive to early investors that that pick the right coins. There has so far been two waves of monumental growth in the cryptomarket. The first being that of Bitcoin, and recently the Ethereum (which is believe to be able to surpass Bitcoin in the future). These digital coins make a great investments for those wanting to diversify their portfolios. Much like gold or silver, they can be backed and stable when traditional currencies fall or become obsolete. There are essentially two ways to enter the market. The first is to buy the coin using your money of choice, either early in its funding or down the track. Or by mining the coins using computation. Which is the system that allows for these decentralised proofs of transactions to occur in the network. Read more here After dabbling in cryptocurrency Continue reading >>

Bitcoin Giant Grayscale: Zcash Crypto Could Hit $60k In 2025 | Fortune

Bitcoin Giant Grayscale: Zcash Crypto Could Hit $60k In 2025 | Fortune

In a market as berserk as the one for cryptocurrencies, every gambler wants to know which horses are worth betting on. In the fall Grayscale Investments , an asset manager and subsidiary of Digital Currency Group, one of the biggest cryptocurrency-focused venture capital firms, added a third fund of virtual coins to its portfolio of offerings: the privacy-focused digital money Zcash . Now the company is releasing its investment thesis a document that explains the reasoning behind its selectionto the masses. The author, Matthew Beck, an associate at Grayscale, uses some financial modeling to project that one Zcash token could be worth more than $60,000 in 2025, up from just under $400 today. Thats roughly a 150-fold increase. But this hypothetical scenario comes with a major caveat. Beck is assuming that Zcash comes to represent 10% of all offshore wealth by that timea huge and by no means qualified if. If Zcash comes to represent 1% of all offshore wealth by 2025, the price per coin could reach more than $6,000, Beck writes. The author hedges, however, in blaring all caps, that THE FUTURE ZEC PRICES SHOWN ARE PURELY HYPOTHETICAL AND SPECIFICALLY ASSUME THAT ZEC PRICES WILL INCREASENO REPRESENTATION IS BEING MADE THAT ANY RESULTS WILL OR ARE LIKELY TO ACHIEVE PRICES SIMILAR TO THOSE SHOWN. Fortune profiled the team behind Zcash in its Investors Guide issue at the end of last year. (You can read that story here .) Grayscale sponsors several cryptocurrency investment trusts, or funds that give shareholders stakes in pools of digital assets. In addition to Zcash, Grayscale oversees funds for Bitcoin , the original cryptocurrency, and Ethereum Classic , a spinoff from the second-highest valued blockchain network Ethereum . The company benefits from investors piling onto the Continue reading >>

5 Of The Best Long Term Cryptocurrencies & Altcoins To Invest In 2018

5 Of The Best Long Term Cryptocurrencies & Altcoins To Invest In 2018

5 Of The Best Long Term Cryptocurrencies & Altcoins To Invest In 2018 by CryptosisTeam | Feb 9, 2018 | CryptoCurrencies , Strategy A lot of people have been asking us which projects and altcoins we have our eyes on in 2018, so we decided to make this post. We're not going to just jump straight in with some picks though. If we don't take our time over this post, you won't take your time over it either... and when you don't take time over crypto investment decisions, you end up getting burned. How many of us have been guilty of jumping into a coin too quickly, or when it's at an all-time high, only to get stuck holding it at a loss until it (hopefully) gains again? We've done it a few times, and we're sure you have too. So we don't want to be responsible for something that causes more people to jump into investments without doing their own research. In fact, we even created an ICO Evaluation Cheatsheet to simplify the research process and avoid bad investments. We've done a ton of research over the past few months, and we do have a pretty good handle on some of the best long term cryptocurrency projects out right now. While one of our last posts talked about finding under-the-radar coins, this one isn't going to focus on those. Under the radar coins can yield incredible gains if you are fortunate enough to find one that skyrockets in a short period, but the risk is much higher that you end up holding a bunch of useless projects that never go anywhere. Get the latest updates on our growing portfolio, top strategies, latest ICO reviews, and much more! So for this post, we wanted to pick coins that we just know (ok, strongly feel), are going to be around at the end of 2018, and are going to be big gainers. This is a long-term hold post, rather than the SoonMoon strategy whi Continue reading >>

6 Best Cryptocurrencies To Invest In 2018

6 Best Cryptocurrencies To Invest In 2018

6 Best Cryptocurrencies to Invest in 2018 6 Best Cryptocurrencies to Invest in 2018 Cryptocurrencies are all the rage today. What seemed like a niche product for tech geeks and enthusiasts has now enveloped the whole world with its charm. However, this meteoric rise in popularity has given birth to a lot of copycats and the market is now flooded with numerous cryptocurrencies. This has made it really difficult for regular investors like you and me to invest in cryptocurrencies as people are really not sure which cryptocurrency will be the right investment for them. While its impossible to predict the future of any specific cryptocurrency, we can look at their underlying infrastructure to see which ones are worth your time and which ones are just hacks. In this article, we are going to list 6 different cryptocurrencies which you should consider before investing your hard earned money: Even if you have never ever tried to learn about cryptocurrencies, chances are you have heard of Bitcoin. While Bitcoin is the largest and most valued cryptocurrency in the world, we are not including it in our list as Bitcoin has become way too pricey to generate any substantial gain without having to take too much risk. So, with that out of the way, lets get started with our list of the best cryptocurrencies, you should invest in 2018: This one is a no-brainer. After Bitcoin Ethereum is the most popular and established cryptocurrency in the world. Some people are now preferring Ethereum over Bitcoin as the technology underlying its cryptocurrency is more advanced with far too many applications. Ethereum is a blockchain platform that can run smart contracts. What it means is that basically any contracts which we use today to form mutual agreements such as investments, debts, and contracts Continue reading >>

Ethereum Co-founder Says Only Invest In Digital Currency If You Can Afford To Lose | Digital Trends

Ethereum Co-founder Says Only Invest In Digital Currency If You Can Afford To Lose | Digital Trends

Posted on February 20, 2018 - 6:02AM 2.20.18 - 6:02AM Looking for good financial advice? Vitalik Buterin, co-founder of the digital currency Ethereum, jumped on Twitter to offer just that, but its probably not the advice youd expect. He believes traditional assets are still best for those who want to generate lucrative interest from long-term investments. Cryptocurrencies on the whole are still in the infancy stage, and dont generate interest. Cryptocurrencies are still a new and hyper-volatile asset class and could drop to near-zero at any time, he states. Dont put in more money than you can afford to lose. If youre trying to figure out where to store your life savings, traditional assets are still your safest bet. Buterin, a cryptocurrency researcher and programmer, proposed Ethereum at the end of 2013. He helped get the platform up and running in July 2015 after selling an initial run to early adopters in 2014. Ethereum is the overall decentralized transaction platform while Ether are the digital coins. Currently, just one coins value is around $939, but that same coin was worth a mere $13 just a year ago. The problem with cryptocurrency is that its value is volatile. For instance, on November 19, 2017, one Ether coin valued at $355 in real-world cash. By January 13, 2018, the value skyrocketed to $1,139 and then plunged to $591 per coin by February 5, 2018. Investing in cryptocurrency is obviously risky business. Bitcoin isnt immune to severe rises and falls either. On November 12, 2017, Bitcoin had a value of $5,969 . That number jumped up to a hefty $19,189 on December 16, 2017, and then tumbled down to a $7,000 value by February 6, 2018. Right now, Bitcoins worth sits at $11,083, but that could rise or fall at the drop of a digital dime. Cryptocurrency platforms Continue reading >>

Is Cryptocurrency A Safe Investment In 2018?

Is Cryptocurrency A Safe Investment In 2018?

Is cryptocurrency a safe investment in 2018? Bitcoin, Ethereum and Ripple are three famous names we hear in the cryptocurrency market. Heres how to ensure investing in them is safe. You may have been hearing a lot in the news and on social media lately about cryptocurrencies. Bitcoin, the most prominent cryptocurrency and the one youre most likely to have read about, has been around since 2009. However, its only been in the past few months that cryptocurrencies have exploded into the national and worldwide consciousness. Youve probably seen the outlandishly dramatic value increases that cryptocurrencies have realized in 2017, and maybe heard stories of people who have become rich investing in cryptocurrencies . But the question now is: Can someone invest in cryptocurrency today and view it as a safe, profitable investment? The answer is yes, with some caveats. Cryptocurrencies can be a safe investment vehicle, provided you follow certain principles and tips. As of January 2018, there were over 1,000 cryptocurrencies in existence. That number will only grow as time goes on. Many of these cryptocurrencies are unsound and lacking in purpose. They essentially only exist to capitalize on peoples recent enthusiasm for the cryptocurrency. If you invest in a random cryptocurrency without knowing anything about it, youre playing the lottery. Sure, you may end up winning, but you just as easily could find yourself with nothing but worthless coins to show for your efforts. If you want to safely invest in cryptocurrency, you need to do your due diligence in picking out the cryptocurrencies you wish to invest in. Start with a visit to the cryptocurrencies site. Does the site look professionally made? Then, read a little bit about the platform and cryptocurrency being described. Wha Continue reading >>

Top 5 Next Best And Promising Cryptocurrency To Invest In 2018

Top 5 Next Best And Promising Cryptocurrency To Invest In 2018

Top 5 Next Best and Promising Cryptocurrency to Invest in 2018 2017 has been a good year for the cryptocurrency space. Although the technology is relatively new, cryptocurrency is already making waves in multiple industries. The increased demand for cryptocurrency surged its prices significantly and many have made good profits from investing in cryptocurrency. Wondering whats the next cryptocurrency to invest in 2018 besides Bitcoin? Here, MYF team has shortlisted the top 5 best and promising cryptocurrency to invest in 2018. Before you dive into investing cryptocurrency, you need to understand what it is in the first place. You could read more about cryptocurrency on What Is Cryptocurrency for Dummies | How Cryptocurrency Works? Disclaimer: This article should not be taken and viewed as investment advice, but only information and opinions. This article is for information and illustrative purposes only. This article was published on 4th December 2017 Top 5 Best and Promising Cryptocurrency to Invest in 2018 According to World Economic Forum , the number of people worldwide that do not have access to bank accounts amounts to over two (2) billion. This number represents around 35%% of our rapidly increasing population. What are the drawbacks of not having a bank account and what OmiseGo is trying to solve? Have to carry a large amount of cash on you; If you are robbed, everything can be stolen (financially); OmiseGo can see this problem, especially in the economically developing countries and they aim to use blockchain technology to solve this problem. The payment processing industry is huge, with payment processors moving over $3.6 trillion per year.The largest processors are companies like VISA, Mastercard, Alipay and Wechat who each process billions each day. The prob Continue reading >>

This $0.20 Cryptocurrency Is Set To Soar By December 2018

This $0.20 Cryptocurrency Is Set To Soar By December 2018

This $0.20 Cryptocurrency Is Set To Soar By December 2018 September 29, 2017, 03:30:00 PM EDT By David Goodboy, StreetAuthority Cryptocurrency investing is quickly shifting from a hacker novelty to mainstream practice. Cryptocurrencies like bitcoin and ethereum have become so popular that major money management firms and central banks are taking this technology very seriously. Investors have earned near-unbelievable returns from the leading cryptocurrency names over the last 24 months. Insane volatility combined with massive future potential has attracted both short-term traders and long-term investors to the fray. Beyond simply creating a medium of exchange, the technological innovation at the heart of these currencies, known as the blockchain, is revolutionizing how business is conducted. Dozens of major banks and money management firms have pending projects in this space, including industry-leading names like Citi, Credit Suisse, UBS, and MetLife. What has me most excited is the fact that everyday investors can easily get involved with this world-changing technology. In fact, one of the world's most popular cryptocurrencies is currently trading at just $0.18, allowing widespread participation regardless of your account size. If you think it's too late to participate in what could be the most profitable market of all time, you are dead wrong. The industry is still in its infancy despite the explosive growth over the last year. There are hundreds of cryptocurrencies available -- the trick is finding those that have the best odds of becoming viable long term. Blockchain technology is the key innovation driving the emergence of cryptocurrencies. Also known as distributed ledger technology (DLT), Blockchain is an incorruptible digital ledger of economic transactions. It Continue reading >>

7 Cryptocurrencies To Watch In 2018 If Youre On The Hunt For The Next Bitcoin

7 Cryptocurrencies To Watch In 2018 If Youre On The Hunt For The Next Bitcoin

7 cryptocurrencies to watch in 2018 if youre on the hunt for the next bitcoin Analysts pick the bitcoin rivals to read up on now: Litecoin, Monero, Neo, Cardano, Ripple, Iota and Bitcoin Cash MarketWatch photo illustration/iStockphoto Whatever the cynics out there want to call bitcoin, its BTCUSD, -2.03% insane rally continues to befuddle the haters and enrich the crypto faithful. Fear of missing out can have a powerful and dangerous influence on financial decisions. Its playing out in a big way right now as many of those whove missed out on the digital currency craze kick themselves and frantically search for the next bitcoin or something even better. But does that even exist and is it worth the risk to invest? While hes still extremely bullish on what lies ahead for bitcoin, George Tung, co-founder of Cryptos R Us and a veteran of investing in cryptocurrencies, says theres still plenty of upside opportunity in lesser-known coins. Will we see another coin with a market cap exceeding bitcoin? he said. Yes, I believe that is definitely possible within the next three to five years. Related: Bitcoin and cryptocurrency on Twitter: The most important people to follow Hitesh Malviya, the crypto consultant behind ItsBlockchain.com, says that bitcoin is obviously the place to be during bullish explosions like the one were seeing right now, but, in the long run, the big gains in cryptos lie elsewhere. The alts industry is new and it will take at least a few years to become mainstream, he said, adding we can see 10x gains like bitcoin this year, in many alt-coins. Related: Crypto chatter on Reddit is up 930% this year. So... is THIS the top? But with more than 1,300 alt-coins basically any digital currency that isnt bitcoin to choose from, its no easy task uncovering potential w Continue reading >>

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