6 Benefits of Investing in Cryptocurrencies

Cryptocurrency trading has taken the world by storm and has become the norm for most traders and investors. If you are interested enough to do your research before you go into trading, you will finally have the opportunity to enjoy real growth and profit. The worst thing you can do in this type of trading is go blindly because everyone else is doing it. Doing a little research on major currencies and going deeper into the basics of shopping and transactions can make a huge difference. Below are some guidelines that will give you a glimpse into your business success.

Take time to understand how blockchain works

Blockchain technology has redefined transactions and it is changing everything. A blockchain can be defined as a list of records that continuously expands into secure and linked blocks using cryptography. Blockchains are resistant to data change and act as a public transaction ledger between the parties. The transparent and decentralized nature of the blockchain makes it highly secure and makes it truly effective and reliable in the world of hacking. It solves the problem of manipulation that has become so evident in the world today. Where no single person can claim to understand everything blockchain, learning some basic things will give you a much easier time in your trading.

Get to know and learn the top currencies

Virtual Currency Space is Growing Thanks to how popular currencies have become. The fact is that there are over 100 cryptocurrencies today, which means you need to know which ones are top and most popular, so you can make the right choice when it comes to profitability. Bitcoin accounts for half of the entire market with the highest volume, but Litecoin and Ethereum are also topping and advancing Bitcoin. Find out as much as possible about the currency you are interested in. The more you know, the better decisions you can make; You can actually trade multiple cryptocurrencies without any challenges.

Feel the underlying risk

Bitcoin and other currencies are quite volatile compared to the stock market and gold. Keep in mind that this is still a technology in its early days and it faces many challenges. The potential for profit is high but so is the risk. Public perceptions about a currency can actually affect its price. What goes up is bound to go down so be careful about the trading steps you take. The greater the risk, the greater the reward, but be prepared for loss. Whatever you choose to do with cryptocurrency, the best thing you can do is keep an eye on the events that can affect the price and act quickly.

Once you know everything that is important in cryptocurrency trading, then you can go ahead and open a brokerage account and finance it, then you can start buying and selling coins. The rewards are innumerable for keen traders.

The Forex market is a lucrative source of income for many Forex traders. In addition, learning Forex trading can be an exciting and eye-opening initiative for many about the potential of the Forex trade market. To put it bluntly, the global forex market trades around 4 4 trillion a day. It is a simple and straightforward process to learn how to run an activity and then make a profit from the initiative. And as the popular clich ‘‘you have to use money to make money’. Forex trading is basically currency trading. Thus, to get started, you need to invest some capital in the venture. Trading Forex is a speculative activity where as a trader, you are predicting that the value of the money (currency) you buy will increase compared to the base currency.

Before you start trading Forex, it is important to familiarize yourself with the basic Forex Terms. Base currency is the currency you are selling while quote currency is the currency you are buying. For example, in the EUR / USD currency quote or list, the EUR is the base currency where the dollar is the quoted currency. Then there is the bid price which represents the best price to sell your currency. This is also the price at which forex trade brokers are willing to buy base currency for quote currency. On the other hand asking the price is the best price where you are willing to buy the coin. Or, it is the best price where the broker is willing to sell the base currency for the quote currency.

The base currency in the currency quote is taken as 1 unit. An investor can make money in Forex trading either by increasing the value of the currency quoted or by depreciating the base currency. For example, if the EUR / USD quote increases from 14 1.1451 to 14 1.1461 per ,000 100,000 lot, the investor will earn $ 100,000 (1.1460-1.1450).

Following these basics, the trader will open an online Forex brokerage account. There are many brokerage firms in the industry to choose from. Before going live, it is advisable to use a practice account. Almost all forex accounts have a practice or demo account. Demo account will help you to know different aspects of forex trading. Next, since bets are placed on Forex trading currencies, study the market first. Analyze the political environment of currency for example. Also, start small.

A forex trading robot is a computer program based entirely on a series of signals related to foreign trade that will help determine whether to buy or sell a particular currency at that time. With the help of these robots one can overcome the psychological element that comes with trading.
These automated forex trading robots are available for serious traders who want to make money by trading online. They can also buy them themselves on the internet. All of these vendors can make lengthy claims about their software, but one has to be careful, consider all transfers and combinations and then zero in on what they think is reliable.

Forex Trading Robot helps you trade and manage your Forex trading account on your behalf. It is designed in such a way that it will be able to depict the behavior of the currency for a short period of time in two to four hours so that one can cash in on the opportunities in the major currency pairs while trading and book a profit. Days.

Using advanced algorithms in trading, Forex robots are designed and built by highly experienced investment managers and are constantly monitored by the team that designed them to optimize their effectiveness. Almost anyone and everyone can benefit from trading robots. Existing traders, ex-traders, brokerage firms, organizations … can take advantage of this feature and in some cases, brokerage firms can attract more customers by offering it as a value-added service.

Therefore, with the help of trading robots, one can get the most out of the market and see only profit because the system is adept at predicting market behavior in the short term. This automated service makes trading easy and simple and convenient for those who use it as it has proven to be a great income generating solution for many people. It doubles, triples and quadruples the deposit in a short period of time. All you need to do is try and grasp the basics of the Forex trading market and then start real trading.

Every Forex trader knows that you must supplement the information in your chart with a number of technical indicators. Commonly used indicators include strength indicators, volatility indicators, trend indicators and cycle indicators. These indicators not only help us determine where the market is heading, but also when a trend is about to end and we should either exit the trade or, with a good signal, reverse the trade.

The following 6 indicators are most commonly used by Forex traders:

• Stochastic Oscillators – Stochastic oscillators help a trader determine the strengths or weaknesses of a currency by comparing the closing price with a price range over a period of time. When the trader detects a high stochastic that says the currency may be over buying and you should be small or bearish. Conversely, a low stochastic indicates that a coin may be selling excessively and you should be bullish or long.
• Bollinger Bands – The Bollinger Bands contain most of the value of a coin in the bands it appears. Each band has three lines – the bottom and top lines show the price movement and the middle line shows the average value of the currency. When the market experiences high volatility, the gap between the lower and upper bands will widen. On your candlestick or bar chart, if a bar / candlestick touches the upper band, the coin is considered an additional purchase, and if the bar / candlestick touches the band below, it sells out more.
• Average Directional Movement (ADX) – ADX is used to determine whether a currency is entering a new uptrend or downstream. ADX is also used to determine how strong the trend is.
• Relative Strength Indicator (RSI) – RSI uses a scale of 0 to 100 to indicate the highest and lowest values ​​in a given period. When the price of a coin rises above 70, the coin is considered an over-purchase. On the other hand, a price below 30 would probably indicate that a coin has sold out.
• Simple Moving Average (SMA) – SMA is the average currency value for a given period of time compared to other prices in the same period. To explain how an SMA works, there would be an SMA divided by the value of the 7 closing currencies before the closing price over a period of 7 days.
• Moving Average Convergence / Divergence (MACD) – MACD is another oscillator that shows the momentum of a currency as it relates to two moving averages. As we discussed in previous articles, when MACD lines cross, that crossing may indicate the beginning of an uptrend or downtrend.

The success of Forex trading does not depend only on the best Forex trading system. You also need to know when is the best time to trade. You need to know which forex trading hours are the busiest and which are the slowest.

The trading hour in which the market is most active is definitely when both European and American markets are open and overlap each other. This time is from 13:00 to 16:00 UTC or from 8.00 to 11.00 EST If you are looking for liquidity and volatility in the market then this is definitely your maximum time.

This happens when most of the short-term traders or scalpers in the Forex market enter and exit their trades. There is enough money in the market, there is enough news and to be honest, there are enough traders to move the market strongly. Almost all big rice will happen in this hour. Because the US and UK markets account for more than 50% of all market transactions.

The slowest period in the market is naturally after the European and American markets closed and before the Asian and Australian markets opened. Asian markets are open at 8 pm EST and Australian markets are open at 7pm EST.

So when markets open in the US from 4:00 pm EST to Asian markets at 8:00 pm EST, the market is very slow. This can be a good time to enter if you are a position trader who wants to trade then market from a long term perspective.

Sovereign by James Dale Davidson and William Reese Morgue

Sovereign is one of the books that changes forever how you see the world. It was released in 1997 but the impact of blockchain technology on the extent to which it is expected will keep you cool. We are entering the fourth stage of human society, moving from industry to the information age. You need to read this book to understand the scope and scale of how things are going to change.

As it has become easier to live comfortably and earn money anywhere, we already know that those who will truly improve in the new information age will be employees who are not associated with any single job or career and are position independent. The pull of choosing where to live based on cost savings is already more attractive, but it transcends digital mobility and freelance gigs; The foundations of democracy, government and money are being shaken.

The authors predicted the collapse of Black Tude and the Soviet Union, and here they predict that the growing power of individuals will be matched by decentralized technology that is moving away from the power of government. The death toll for the nation-state, they predicted with extraordinary prudence, would be personal, digital cash. When that happens, the dynamics of a snatching government through taxes on hard-working citizens like fixed bandits will change. If you are a person who can solve human problems anywhere in the world, then you are about to enter a new knowledge elite. Don’t miss this one.

Preferred Quote: “When technology is mobile, and transactions in cyberspace, as they do increasingly, governments will no longer be able to charge more than the price to the people who pay for them for their services.”

Sapiens: A Brief History of Humankind by Yuval Noah Harari

Whenever I want to impress someone with how good this book is, I ask: “Do you want to know the basic difference between a human and a monkey? A monkey can jump on a rock and down and wave a stick around and shout to his friends that He saw threats coming in their way. ‘Danger, danger, lion!’ Even a monkey can lie. It can jump down on a rock and move a stick around and shout at a lion when there is no lion. It can only fool around. But what a monkey can’t do is jump. Get up and go down and wave a stick around and shout, ‘Danger! Danger! Dragon!’

Why? Because the dragon is not real. As Harari explains, it is the human imagination, our ability to believe and talk about things that we have never seen or touched that have enabled the species to collaborate so much with strangers. There is no god in the universe, no race, no money, no human rights, no law, no religion, and no justice beyond the ordinary imagination of man. We make them like that.

All of which is a rather great proposition of where we are today. After the Cognitive Revolution and the Agricultural Revolution, Harari guides you through the scientific revolution, which began only 500 years ago and which could start something completely different for mankind. Of course the money will remain. Read this book to understand that meaning is the greatest story of all time and that belief is the raw material from which all kinds of money are made.

Favorite Quote: “Sepians, by contrast, live in three-dimensional reality. In addition to trees, rivers, fears and aspirations, there are stories of money, gods, races and corporations in the sapiens world.”

The Internet of Money Andreas M. By Antonopoulos

If the two books mentioned above help us understand the historical context in which Bitcoin first appeared, then this book expands on ‘why’ with contagious enthusiasm. Andreas Antonopoulos is probably the most respected voice in the crypto space. He has been traveling the world as a Bitcoin missionary since 2010 and this book is a summary of the discussions given on the circuit between 2013 and 2016, which have been hard to publish.

His first book, Mastering Bitcoin, is a technological deep-dive into technology, aimed specifically at developers, engineers, and software and system architects. But this book uses some of the preferred metaphors to explain why you can’t ban or block Bitcoin, why scaling debates aren’t really important, and why designers need help to lock Bitcoin into widespread adoption.

“When you first drive your brand new automobile in a city,” he wrote, “you are riding on horse-drawn roads with infrastructure designed and used for horses. No light signals. No road rules. No paved roads. And what happened?” The car got stuck because they were no longer four feet in balance. ” But the fast moving hundred years and the cars that were once ridiculed are absolutely ideal. If you want to swim through the philosophical, social and historical influences of Bitcoin, this is your starting point.

Preferred Quote: “Bitcoin is not just money for the internet. Yes, it is the perfect money for the internet. It is instantaneous, it is secure, it is free. Yes, it is money for the internet, but it is much more. Bitcoin is money for the internet. “If you realize it, you can look beyond the price, you can look beyond the volatility, you can look beyond the FAD. At its core, Bitcoin is a revolutionary technology that will change the world forever. Join.”

Here we will give you 10 orders that all successful traders live and the reason they do is the key to success in the currency business. Here they are, make them part of the forex education you need and win ..

These orders can be your key to success in the currency business so they are by no means important here, they are all important there!

1. Acknowledge that you are responsible for your financial success

If you want to follow a guru, mentor or sure fire trading system you will lose. Only you, as the parent can know for sure.

2. Use a simple system

Simple systems work best and always will because the Forex market is not mathematical in terms of price movements, there is an odd based market.

3. Accept losses with pleasure and do not accept them personally

You’re going to lose for the period but it’s not something personal, you have to accept them gladly and accept the loss and keep them short as part of the win.

4. Understand that money management is the key to success

Is Money Management Just Putting A Stop? Your mistake, you need to know how to manage the overall account equity and how to set up a stop with volatility so make it a part of your much needed forex trading education.

5. Trade prices do not change and do not forecast

If you think that you can predict the forex market in advance you will lose, just trade the reality of price change as you see it and there will be adversity for you and that means big profit.

6. Maintain discipline to follow your system

If you can’t follow your system with discipline, through the loss period, your system doesn’t! You must implement your plan with discipline and it is built on confidence in your trading plan.

7. Be patient and wait for the right opportunity

Many traders think that the more transactions they make, the more likely they are to succeed but this is simply not true. High potential trades do not come every day and you have to wait before trading.

8. Have the courage to take big profits

Most traders snatch profits quickly but if you look at a currency chart, you will see that the big trends last for weeks, months or years, so dare to hold on to them and drink milk for all their value.

9. There is more to life than trading

If you are obsessed with trading, chances are important to you, your emotions will be involved and that means you will lose.

10. Understand perfection is not possible but big gains are made!

Most traders spend endless time trying to find the perfect system that predicts or never hurts and this is a futile search. Take the market for what it is, a market where you lose but with a logical, strong forex trading strategy you can win in the long run.

I hope you enjoyed the above rules and you can use them to earn big forex.

Blockchain, Sidechain, Mining – In the secret world of cryptocurrency, terminology accumulates minute by minute. While it may seem unreasonable to introduce new financial terms in the complex world of money, cryptocurrencies provide a much-needed solution to one of the biggest problems in today’s money market – the security of transactions in a digital world. Cryptocurrency is a defined and disrupted innovation in the fast-moving world of fin-tech, a relevant response to the need for a secure means of exchange in the days of virtual transactions. At a time when transactions are just numbers and numbers, cryptocurrency offers to do just that!

In its earliest form, cryptocurrency is a proof-of-concept for alternative virtual currencies that promises secure, anonymous transactions through peer-to-peer online mesh networking. Wrong name is more of a property than real currency. In contrast to everyday money, cryptocurrency models act as a decentralized digital process without central authority. Within a distributed cryptocurrency mechanism, money is issued, managed and approved by the collective community peer network – known as continuous activity. Mining Successful miners on peer machines also receive coins in appreciation of using their time and resources. Once used, transaction information is transmitted to the network’s blockchain under a public-key, which prevents the same user from spending twice as much on each currency. The blockchain can be thought of as a cashier’s register. The coin is protected on the back of a password-protected digital wallet representing the user.

Coin supply in the digital currency world is pre-determined, free of fraud by any individual, entity, government entity and financial institution. The cryptocurrency system is known for its speed, as transactions through digital wallets can generate funds within minutes compared to traditional banking systems. It is also largely unchanged by design, reinforcing the idea of ​​anonymity and eliminating the possibility of money being returned to its original owner. Unfortunately, key features – speed, security, and anonymity – have also made crypto-coins a mode of transaction for numerous illegal trades.

Like the real world money market, the currency of the digital currency ecosystem fluctuates. Due to the limited amount of money, the value of money increases as the demand for money increases. Bitcoin is by far the largest and most successful cryptocurrency, with a market cap of $ 15.3 billion, occupying 37.6% of the market and is currently priced at, 8,997.31. Bitcoin traded in the currency market in December 2017, before crashing abruptly in 2018, trading at, 19,783.21 per coin. The decline was partly due to the rise of alternative digital currencies such as Ethereum, NPCcoin, Ripple, EOS, Litecoin and MintChip.

Because of the hard-coded limitations in their supply, cryptocurrencies are thought to follow the same economic principles as gold – prices are determined by limited supply and fluctuations in demand. With the exchange rate constantly fluctuating, their stability is still visible. As a result, investing in virtual currencies is more predictable than a daily currency market at the moment.

In the context of the industrial revolution, this digital currency is an essential part of the technological disruption. From the point of view of a casual observer, this increase may seem at once exciting, frightening, and mysterious. While some economists are skeptical, others see it as an electric revolution in the financial industry. Conservatively, digital coins are set to replace about a quarter of national currencies in developed countries by 2030. It has already created a new asset class alongside the traditional world economy, and a new set of investments from cryptocurrencies will emerge in the coming years. Recently, Bitcoin may have taken a dip to spotlight other cryptocurrencies. But this does not indicate a crash of the cryptocurrency. While some financial advisers emphasize the role of government in cracking down on the secret world to control central governance mechanisms, others insist on maintaining the current free-flow. The more popular cryptocurrencies are, the more scrutiny and control they attract – a common paradox that distorts digital notes and undermines the very purpose of their existence. Either way, the lack of intermediaries and oversight is making it significantly more attractive to investors and is causing huge changes in day-to-day trading. Even the International Monetary Fund (IMF) fears that cryptocurrency will displace the central bank and international banking in the near future. After 2030, regular trade will be dominated by crypto supply chains that will provide less friction and more economical value between technically skilled buyers and sellers.

If cryptocurrency aspires to become an integral part of the existing financial system, it will have to meet very different financial, regulatory and social criteria. It needs to be widely protected to provide hacker-proof, consumer-friendly and basic benefits to the mainstream financial system. It should not be a channel of money laundering, tax evasion and internet fraud but the identity of the user should be kept secret. Since these are essential for digital systems, it will take a few more years to see if cryptocurrency will be able to compete with real world currencies. While this may be the case, the success (or lack thereof) of cryptocurrency in tackling the challenge will determine the fate of the monetary system in the days ahead.

Human life expectancy has skyrocketed all over the world. Compared to the 1950s, it has increased by 50% and compared to the 1980s, it has increased by 30%. Gone are the days when company-sponsored pension plans were enough to make one’s golden age comfortable and worry-free.

Today, with the increase in other expenses like housing, education, healthcare and many more, many people are finding it increasingly challenging to save for their retirement.

Unfortunately, the bitter truth is that people of all generations, from baby boomers to millennia, are not saving enough for their retirement. Savings are one of the lowest value in global epic crises.

“Retirement is complicated. It’s never too early or too late to start preparing for your retirement.”

Thus, people are striving for alternative opportunities which provide higher returns in their short term. Traditionally, he wanted real estate, private equity and venture capital. Now, a new and more profitable and profitable investment has joined the picture – enter cryptocurrency.

Cryptocurrency Investing – For those who don’t want to put all their eggs in one basket

The biggest advantage of cryptocurrency investing is that it deactivates your portfolio from reserve currency. Say, if you are in the UK, you are bound to have shares of UK-based companies in your retirement portfolio, if you are in equity. What will happen to your portfolio if the British pound crashes? And given the volatile political landscape around the world today, nothing is certain.

Therefore, cryptocurrency investing is most meaningful. By investing in digital currency, you are effectively creating a basket of digital coins, which acts as an effective hedge or safe bet against reserve currency weakness.

The average investor should allocate a small portion of his retirement assets to crypto, due to its volatility. But, instability can be reduced in both ways – think back to 1950s healthcare stocks and 1990s technological stocks. Smart early investors have made it big.

Don’t back down or lose. Include crypto in your resource to start building a truly, diverse portfolio.

Wall Cracking – Build your confidence in cryptocurrency

One of the biggest and biggest hurdles for first time crypto investors is that they can’t trust digital currency. Many, especially those who are not tech-savvy or close to retiring, do not understand what publicity is all about. Sadly, they fail to grasp and realize the myriad possibilities of cryptocurrency.

The reality is that cryptocurrency is one of the most reliable assets, supported by the latest technology. Blockchain technology that powers digital currencies makes it possible to trade instantly and indefinitely without the need for third party verification. It is a peer-based system that operates on a completely open and advanced cryptographic principle.

Retirement planning funds should work on demistifying cryptocurrencies

In order to build trust and win the support of individuals, retirement planning funds must educate investors about the endless possibilities of cryptocurrency. For this they need advanced analysis which helps in providing reliable risk analysis, risk / return metrics and estimates.

In addition, investment firms can set up specialized cryptocurrency advisory services to help and guide new investors. In the years to come, one can expect the presence of a number of smart AI-based advisors on the scene – these will help one to make accurate investment calculations based on one’s time horizon, risk tolerance and other factors.

Human Advisors can work with these intelligent advisors and provide clients with personal advice and other advice when needed.

More visibility and extensive control is needed

Retired investors looking to add cryptocurrency to their asset portfolio need more control and visibility when experimenting with these new assets. Find platforms that allow you to consolidate all your assets in one place An integrated solution that enables you to manage and balance all your assets, including traditional assets such as bonds and stocks with new asset classes such as cryptocurrency wallets.

Having a comprehensive platform that supports all of your resources gives you an overall portfolio analysis, helping you make better and more informative decisions. As a result, you quickly reach the ultimate goal of saving for your goals.

Look for investment planning portals that also provide additional features such as periodic contributions to cryptocurrency at fixed or indefinite intervals.

Advances in technology that support cryptocurrency investing

Cryptocurrency investing will become mainstream only when supportive technology makes it possible for investors to make smooth currency transactions, even for new investors who do not know. The exchange of one digital currency should be possible for another, even for Fiat currency and other non-tokenized assets. When this is possible, it will exclude intermediaries from the equation, thereby reducing costs and additional fees.

With the maturation of technologies that support cryptocurrency investing and trading, the value of digital currency will increase further, as currencies move into the mainstream with greater accessibility. This means that the initial recipients are there for a huge profit As more leisure investment platforms integrate cryptocurrencies, the value of digital currency is bound to increase the offer of significant profits for early adopters like you.

If you are wondering if such leisure investment platforms will take a few years to see the light of day, then you are wrong. Octas is a portal that is currently in the alpha stage. It is a first-of-its-kind leisure portfolio platform that incorporates digital currency. Octas users can get investment advice from both human and AI-powered analytics tools.

For now, users can save for leisure using Bitcoin, Ethereum and various other digital currencies. In addition, users can use the automatic balancing feature which allows them to automatically adjust their portfolio using a set of predefined rules.

This overall approach ensures that users can achieve their retirement goals earlier by making smart and sound investment choices or decisions.

Latest Thoughts – Cryptocurrency should not be overlooked in your leisure portfolio

Yes, it is true that cryptocurrencies are highly volatile. In fact, there are speculations on the Internet that “cryptocurrencies are nothing more than a quick-risk scheme” and that the bubble is likely to burst in the near future.

Uncertainty doesn’t mean that cryptocurrencies shouldn’t be part of your leisure portfolio, even if your investment horizons are low. On the other hand, the current downturn in cryptocurrency prices in 2018 means you have a rare opportunity to make a profit.

Greater confidence, overall and directly controllable investment management capabilities and advances in supportive technology ensure that digital currencies make an excellent investment choice to include in your leisure portfolio.

Introduction: To invest in cryptocurrency

The first cryptocurrency to come into existence was Bitcoin, which was built on blockchain technology and was probably launched in 2009 by a mysterious man, Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins were mined and it is believed that a total of 21 million bitcoins could be mined. The other most popular cryptocurrencies are Etherium, Lightcoin, Ripple, Golem, Civic and Bitcoin hard forks such as Bitcoin Cash and Bitcoin Gold.

It advises users not to keep all money in one cryptocurrency and to try to avoid investing in cryptocurrency bubbles. It has been noticed that prices have dropped sharply while at the top of the crypto bubble. Since cryptocurrency is a volatile market, users must invest the amount they can lose because there is no government control over cryptocurrency because it is a decentralized cryptocurrency.

Apple co-founder Steve Wozniak predicts that Bitcoin is a genuine gold and that it will dominate all currencies like USD, EUR, INR, and ASD in the future and will become a global currency in the coming years.

Why and why not invest in cryptocurrency?

Bitcoin was the first cryptocurrency to come into existence and since then about 1600+ cryptocurrencies have been introduced with some unique features for each currency.

Some of the reasons I have felt and want to share are that cryptocurrencies have been created on decentralized platforms – so users do not need a third party to transfer cryptocurrencies from one destination to another, as opposed to fiat currency where a user needs to transfer money from one account to another. Bank-like platform for. Cryptocurrency is built on a very secure blockchain technology and the chances of hacking and stealing your cryptocurrency are almost nil unless you share some important information.

You should always avoid buying cryptocurrencies at the high point of the cryptocurrency-bubble. Many of us buy cryptocurrencies at the top in the hope of making quick money and fall prey to bubble hype and lose their money. It is good to do a lot of user research before investing money. It is always better to keep your money in multiple cryptocurrencies instead of one because it has been observed that some cryptocurrencies increase more, some average while other cryptocurrencies go into the red zone.

Cryptocurrency to focus on

In 2014, Bitcoin occupied 90% of the market and the remaining 10% occupied cryptocurrency. In 2017, Bitcoin still dominated the crypto market but its share fell from 90% to 38% and Altcoins like Litecoin, Ethereum, Ripple grew rapidly and occupied most of the market.

Bitcoin still dominates the cryptocurrency market but is not the only cryptocurrency you should consider when investing in cryptocurrency. Here are some key cryptocurrencies you must consider:

Bitcoin

Litecoin

Wave

Etherium

Tron

Citizens

Golem

Mind you

Where and how to buy cryptocurrency?

Although buying cryptocurrencies was not easy a few years ago, users now have many available platforms.

In 2015, there are two major bitcoin platforms in India, Unocoin wallet and Zebpay wallet where users can only buy and sell bitcoin. Users only need to buy Bitcoin from the wallet but not from another person. There was a price difference between purchase and sale rates and users had to pay a nominal fee to complete their transaction.

In 2017, the cryptocurrency industry grew exponentially and the price of Bitcoin rose spontaneously, especially in the last six months of 2017 which forced users to look for Bitcoin alternatives and surpassed 1.4 million in the Indian market.

Since Unodax and Zebpay are the two main platforms in India that dominated the market with 90% market share – which only traded in Bitcoin. This allows other companies to grow with other altcoins and even force Unocoin and others to add more currencies to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched UnoDAX Exchange, an exclusive platform for its users to trade multiple cryptocurrencies in addition to trading Bitcoin in Unocoin. There was a difference between the two platforms – Unocion was only offering instant buy-sell of Bitcoin where on UnoDAX, users could place an order for any of the available cryptocurrencies and the order would be executed if it matched the recipient.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users need to open an account on any exchange by signing up with email id and submitting KYC details. Once their account has been verified, anyone can start trading the coin of their choice.

Before investing in a coin, users need to be well-researched and not fall into the cryptocurrency-bubble trap. Users must research the reliability, transparency, security features of the exchange and much more.

All exchanges charge a nominal fee for each transaction. There are two types of charges – maker fee and taker fee. In addition to the transaction fee, if you want to transfer your cryptocurrency to another exchange or to your personal wallet, one has to pay a transfer fee. Charges depend only on coins and exchanges because different exchanges have different price modules for coin transfer.

Major Altcoins other than Bitcoin

As mentioned above, Bitcoin dominates the market with a 38% market share, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges such as UnoDAX, Bitfinex, Kraken, Bitstamp have listed other currencies like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many more. If any coin matches your portfolio then you must buy it.

But, you must keep the money in the market that you can lose because the cryptocurrency market is very volatile and there is no government control over it.

When to buy?

There are no hard and fast rules when it comes to buying your favorite cryptocurrency. But we need to do research on market stability. You shouldn’t be at the top of a cryptocurrency bubble or when prices are constantly crashing. The best time is always considered when prices remain relatively low for some time.

Cryptocurrency storage methods

Before you buy any cryptocurrency you must understand how to keep your cryptocurrency safe.

Generally, all exchanges offer storage facilities where you can safely keep your coins. When you place cryptocurrencies on an exchange, no one must share their username, password, 2FA.

Paper Wallet, Hardware Wallet, Software Wallet are some of the channels where anyone can save their cryptocurrency.

Paper Wallet: Paper Wallet is an offline cold storage system for keeping your cryptocurrency. It prints your private and public keys on a piece of paper where the QR code is also printed. One has to scan the QR code for their future transactions. Why is it safe? No need to worry about your account being hacked or any malicious malware attack. All you have to do is secure your piece of paper in a locker and keep two to three pieces of paper wallet under your complete control if possible.

Hardware Wallet: A hardware wallet is a physical device where you keep cryptocurrencies safe. Hardware wallets come in many forms, but the most commonly used hardware wallet is USB. When you put your cryptocurrency in a hardware wallet, you just have to remember that you should not lose your hardware wallet because once it is lost you will not be able to recover your cryptocurrency.

A famous case where one person digs up 7000+ bitcoins, saves them in hardware wallet and puts another in hardware wallet. One day he threw away that hardware wallet so that he could save his cryptocurrency instead of the damaged hardware and he lost all his bitcoins.

What can be bought from cryptocurrency in India?

Most people assume that buying and selling a cryptocurrency is only for investment and for high returns in the long and short term. Influential and Bitcoin investors believe that in the coming years Bitcoin will dominate all Fiat currencies and be adopted as an international currency.

Dell is one of the largest e-commerce businesses that accepts Bitcoin as a payment. Expedia and UNICEF are other examples.

In India, Dream Book Mall was accepting Bitcoin as payment using Unicoin Merchant Services. People were booking movie tickets through BookMyShow or recharging their mobiles using the Unocoin platform. According to reports, they have stopped the service but are planning to resume it in the near future.

Conclusion:

Cryptocurrency is one of the growing investment sectors and it has given better returns than real-estate, gold, stock-markets, etc. in the past. You can buy cryptocurrencies and hold on to the long term to get excellent returns or go short term for quick profits as we have seen many coins grow at 1000% + in the past. Since cryptocurrency is a volatile market and the government has no control over the industry. One must invest in any cryptocurrency the amount they can lose.

You can save your cryptocurrency in hardware wallet, paper wallet, software wallet if you do not want to keep it at the exchange from where you are trading.