Money Talk :: - Is cryptocurrency a good investment?
What is the future of cryptocurrency? What's the best cryptocurrency to invest in? Why?
Ethereum is, probably, a future #1 cryptocurrency, it is simply better than Bitcoin and provides much more utility. Bitcoin's purpose is to be the virtual currency of the internet, and it uses the blockchain to do this. However, Ethereum focuses on the bigger problem. Many beginners in cryptocurrency believe that Ethereum is only as a financial currency, like Bitcoin. This is wrong for many reasons.
I think that yes. Bitcoin is really popular today but I also prefer to invest in other cryptocurrency like https://icopulse.com/blog/crypto-airdrops/ by ICO Pulse that is really popular today. As for me, I think it's good investment.
Actually, it's fairly likely that over the long term, people all over the world will start slowly moving towards cryptocurrencies, which will undoubtedly reduce the US dollar's significance in the global financial system. One of its greatest advantages in relation to other markets is that it does not have fx holidays that allow it to operate every day of the year.
The process of cryptocurrency trading is really simple, all you'll require is strategies and understanding the concept of when to buy and sell.
Before you plan in investing make sure you plan on doing effective reading time understanding what is blockchain, what are cryptocurrencies, security measures you should take before investing in cryptocurrencies and so on.
There is no any sign of the near fall of cryptocurrency market. It's pretty reliable. Of course, excesses happen, you have to follow all the news to reduce risks. Or you can just mine crypto passively and search for rates in an app. Thanks to https://mineunit.com/ it's so easy now.
I have good experience with Bitcoins. I have got a huge profit with it.
I do not trust bicoin and other cryptocurrencies.
There is a very old saying that "If something is very good to be true, then it probably is". That's a learned advice in terms of doubling your investment. In today's market, there are far more scams than the sure things which impacts the overall stability of the market.
Although there are other things to double your money, else than investing in Forex market. One should be suspicious if you are promised results, even if it is your broker, your family member or any infomercial. Make sure you take time that someone is not using your methods to double their money.
Thus, I don't believe in doubling the investment. After all, it is 50% return. I recommend to deal with only trusted brokers (here is a list https://fx-list.com/asic-forex-brokers I used to work with) That brokers conduct their business fairly and hold responsibility for safety of client's funds.
Yes crypto currency is best investment, as i have invested in the same in couple of years and got good returns. I did it in Bitcoin, but you need to go with the ones which are of lowest price now. It will be a long term investment.
The best crypto currency for investing in any case is Bitcoin and Ether https://www.hypeanalysis.com/ as the most common ones.The remaining three can be selected from the top 30 crypto currency at your discretion. The concept of what crypto currency you like, into that and invest.