Is it time to reconsider the cryptocurrency holding?

At the time of writing, Bitcoin was approaching a new high of $ 20,000 USD for bitcoin. What has changed since you last reached this peak?

Covid Crazy

The Covid19 situation has changed the way people do a lot of things. Technology is at the forefront of everyday life. Things that used to be done physically are now being pushed into the virtual world – training, eating out, entertainment, work and buying a lot of goods and services. The natural adaptation to this type of program is the use of cryptocurrencies. Why? They are a continuation of the technologically controlled world. They can also be used to compete with the existing financial system at a potentially lower price.

Acceptance

The last time Bitcoin reached its record high, many institutions demonized cryptocurrencies as payment methods used by criminals for terrorism, money laundering and drug trafficking. Mastercard and Visa currently associate cryptocurrencies with their credit cards, and Paypal now accepts Bitcoin to be used on its platform. Many governments are talking about issuing cryptocurrency versions of their traditional currencies. There was also a push from Facebook, which has partnered with major banks and other institutions to issue a cryptocurrency called Libra, which has not gone very far, but the intention is there. Cryptocurrencies are no longer for criminals unless the aforementioned institutions commit crimes.

Adoption

The key to any technology is widespread or mass adoption. The more people use something, the more demand there is for its use and the more important it will become. With widespread acceptance, the systems that work with the product are also beginning to change. Take Apple iPod, Microsoft Windows, ISPs and electric cars as examples. With the new demand will come new industries and products that are not very useful without the acceptance of the original product.

Vulnerability of traditional investments

Due to the Covid scenario and the depression that is developing, investments in stocks and bonds become quite expensive and carry a higher risk, as the main economy is excluded from the performance in these markets. High levels of debt make real estate investments more risky than in the past, as well as volatile rental incomes and people’s ability to pay for their mortgages. Cash is a safe haven, but rising debt and inflation prospects mean that money is also at risk. The concept of diversification means that these investments must be held back to some extent, but there is now a longing for an asset that complements these products. This new asset is cryptocurrencies. This product allows diversification from excessive debt, currency devaluation and high inflation.

What is an ICO and how does it work?

ICO has proven to be a revolutionary way to raise money for many companies and projects. ICO can be said as a combination of conventional methods and advanced techniques. The main thing to keep in mind here is that investors investing in ICOs will be 100% risk free due to the technology used.

So far, most of the ICO funds have been raised through bitcoins (BTC) or Ether (ETH). While running the ICO, the project creates a Bitcoin or Ethereum address to receive funds and then displays it on the appropriate web page. The procedure is the same as opening a bank account and then presenting it on a specific website to people so that they can send money.

The initial coin offering (ICO) is essentially an illegal way of raising crowdfunding through various cryptocurrencies (fiat currencies in several cases) and is operated by cryptocurrency organizations to obtain the capital needed to implement the project. In the ICO, a certain part of the recently issued cryptocurrency is sold to investors in exchange for a legalized auction or other cryptocurrency. It can be said as selling symbols or selling to a crowd, which involves taking an investment amount from investors and providing some features related to the project that will be launched.

IPO, i.e. Initial public offering is a process, somehow related to ICO, in which investors receive shares in the ownership of the company. While at ICO, investors buy coins from the company, which can increase in value if the business grows stronger.

The first sale of symbols, ie. The ICO was conducted by Mastercoin in July 2013. Ethereum raised money through the ICO in 2014. The ICO has adopted an entirely new definition in recent years. In May 2017, there were about 20 offers, and Brave’s recent web browser ICO generated about $ 35 million in just 30 seconds. By the end of August 2017, a total of 89 sales of ICO coins worth $ 1.1 billion had been made as of January 2017.

Investors send Bitcoin, Ethereum or another cryptocurrency to the given address and then in return receive new tokens, which can bring them great benefits if the project is hit.

  • ICO is mainly conducted for cryptocurrency-based projects that rely on decentralized technology. So, naturally, such projects would force only those investors who have a great interest in the concept of cryptocurrency and are friendly to the technology used.
  • The document that belongs to an investor really remains in the form of a web page, a white paper or a web publication. Some of these documents show exact details of the project, whether or not some others are literally falsifying its features to mislead stakeholders. So before you rely on any white paper or electronic document, you better go through a quality check.

2018 is the year of cryptocurrencies Masternodes

Digital currencies like Bitcoin and Ethereum are in the headlines every day. The features that make these cryptocurrencies unique are their ability to act as a stock of value and lightning fast transfer speeds, or at least with the introduction of the lightning network for bitcoins, and Ethereum’s Casper switch to position and smart contract capabilities allow cryptocurrencies to be something more than money. Masternodes coins are now in rage due to the additional incentive that gives you a percentage of a certain currency.

If you could imagine that your old hundred-dollar bill with a blue face was on steroids, then you’d be close to imagining a masternode coin. In the world of cryptocurrencies, proof of bet is the transaction hash confirmation method, which maintains consensus and maintains all notes on the same page, so there can be no double spending of certain transactions and everything is fine with the consensus on the network. Betting on your coins is a way to use the amount of currency you own and synchronize your digital wallet with the network to maintain it, and in return you get an incentive to help validate transactions. To run masternodes, you must have a certain number of coins running on a network and follow the instructions for setting up Masternodes for which currency you plan to invest. The extra incentive is surprisingly more than just betting on your coins, in some cases upwards of 1,500 percent per year. It is these astronomical returns on investment that really attract a lot of attention and investment in the Masternodes market.

One cryptocurrency for the release of the Masternodes coin in early 2019 is the Allince Token tattoo, which is a side chain of the Egem blockchain that is disrupting the tattoo industry by creating a tokenized reward system for both people who want to buy tattoos. and for artists who look forward to applying the work of art in exchange for the symbol. I believe this will be an amazing and refreshing idea and a great way to add long-term benefits to tattoo artists who do not yet have a 401,000 incentive or incentive program in place. I am optimistic about this crypto, as it seeks to achieve great rewards and add value to the money industry. I believe that along with the capabilities of Masternodes, it will have betting and smart contract protocol, as well as offer decentralized autonomous management and a membership reward program. Look for more about the TAT Masternodes token, which comes early next year.

Is it possible to invest in bitcoin?

Chances are, you’re reading this article after the latest craze in Bitcoin’s jump in value, which saw that it was simply ashamed of the $ 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of the reasons why you should:

THERE IS MORE

The first thing many people think when they hear about the current price is that they are too late and people who are still buying bitcoins just jump. In fact, as the years of digging progress and the currency is still in its infancy (more like teenage years), the value of this still needs to grow and it is a good investment.

AUTOMATED TECHNOLOGY

Blockchain is not just a cryptocurrency. This is the future of the supply chain and the fight against counterfeiting. Super-smart protocols such as DAO (Decentralized Autonomous Organization) and Smart Contracts are several things derived from a blockchain that automates the work of an organization and the transaction of money.

SAFELY

Every day people are robbed and bank robberies are committed. Bitcoin and Blockchain ensure that the money stored in your digital wallet is at a level of security that is extremely secure from the virtual number depicting your money at your local bank.

SAVING MONEY

Have you ever had a bad experience when you have to send some money to the other side of the world and the amount of fees for currency conversion, opening a letter of credit, bank fees, etc. made you shrink? Bitcoin removes all this. Since there is no banking system when it comes to cryptocurrencies, there is no intermediary as a bank. You can avoid all these excessive fees by sending money directly to the desired recipient.

TIME IS MONEY

Did we mention that you can send the money yourself? This saves you time as you do not have to fill in forms and applications. Just ask the recipient’s public address and click on the desired amount.

WITHOUT INFLATION

Because bitcoins are limited in number (only 21 million will ever be produced), the value of this cryptocurrency cannot be devalued as limited supply, but growing demand means that it is a self-floating currency. No inflation leads to an excellent investment.

YOUR OWN

Do you remember the Greek financial crisis, in which city councils were asked to hand over additional funds to the central bank? In a normal currency, the central bank is the owner, not you, and can force you to return it to them. Bitcoin is not owned by anyone, but by you for the amount in hand. No one can force it on you.

It is not too late to invest in bitcoin and blockchain, but like any other currency, the future cannot be predicted. Research the rankings of your preferred bitcoin exchange well before committing to an investment.

Survival beyond FOMO – How to choose a winning ICO project for long-term value

In a world ruled by super and FOMO [Fear Of Missing Out], it is becoming increasingly clear every day that the diligent crypto enthusiast must have a litmus test to choose a token to support in a world where it is difficult to find truly viable projects, and good projects with long-term prospects are even more difficult to distinguish from money grabbing “shitcoins”.

With recent events, with most new cryptocurrencies reaching record lows and new ICO projects not meeting their hype after Crowdsale, it is now common for frustrated “investors” to go around blaming ICO promoters on social media instead of blaming themselves. that they did not make the proper due diligence to select the most likely winner after the crowdsale before purchasing a token during the ICO.

From my extensive observation, it turned out that most crypto buyers simply buy coins during the FOMO-based ICO (Fear of Leakage), created by the masters of the fuss behind these coins. Many simply bought without understanding the purpose of the coin after the ICO or what the token had to do after Crowdsale. When nothing happened after the ICO, as often happens now for many ICOs, they would jump on social media to scream a bloody murder.

Recently, my team and I just completed a tour of Africa and parts of the United States to promote the Nollycoin ICO. We organized and sponsored various conferences, held live meetings for the AMA press (Ask Me Anything) and held many individual meetings with crypto whales, small investors and crypto millionaires of all colors.

Through all of this, one thing that amazed me beyond anything else was that the POWERFUL TOKEN OWNERS DIDN’T HAVE A DISK for the core business or project behind the token sales they were involved in.

Even stranger than my observation was the astonishing fact that many could not tell you the value of the project, its goals or the company’s plan to distort the market and grab some buyers in their industry. They just bought the ICO because a few telegrams or Facebook pages they visited kept telling them, “Buy. Hodl and buy more. “Most simply acted on the herd’s instincts, not on objective discussion.

Now, if most of the people I met were just teenagers or uneducated, I wouldn’t be so surprised by the level of ignorance of many of the crypto “investors” I met. On the contrary, many of those I met had graduated from college and people by some means. Yet less than 10% of them could easily articulate why they bought a coin in anticipation that it would grow over time. Wherever I went, very few in the crowd could tell me the name, experience, and capabilities of the corporate managers of the company that sold the coins.

The only thing most of them might note is that the coins are recommended by “respected” influential people when the facts prove that most of them received a frightening thrill to create a FOMO and respect for otherwise useless shitcoins.

Apart from the so-called fake influencers, all many crypto buyers knew that the names of the team leaders were Russian, Chinese or Korean, although they knew absolutely nothing about them. As if all you need to have a successful ICO was to list the names of people from Korea, China, or Russia that no one can even verify with a simple Google search.

While I agree, there are certainly many things to consider when deciding whether a project’s tokens will increase over time, I think the acid test and the most immediate evaluation criteria should be the usefulness of the coin itself beyond what would happen in crypto exchanges.

Although most crypto token owners I met didn’t even know it, the reality is that if you bought a token from most ICOs, you didn’t actually invest in that company. You will not buy shares of the company and you have not bought any collateral from the company.

And at best, what you did when you bought tokens during most ICOs was “donate” a project in exchange for a token or utility coin that had no legal value outside the business ecosystem controlled by the issuing company. .

In short, other than your hope that the price of the tokens will “lunar” or rise to make you a millionaire, there is nothing you can do with the token other than enjoy the utility attached to it by ICO, If someone.

Because no one could really predict with certainty how Crypto would perform on the crypto exchange when it finally got there, and recent experience shows that the prices of most tokens are likely to dive in the first few weeks of hitting the stock market (due to big sell-offs from speculators), it would make sense to look at what other value or utility you could derive from your token, beyond the expected “luning” of the stock market.

As the crypto revolution continues to evolve, transform and adapt to different market developments, the only way to ensure that your money is not thrown into the ditch is to make sure you can still use these tokens to get excellent value and benefits even if you can sell it for a profit right on the exchange.

In making this determination, you need to ask yourself this basic question: What is the value, product, or service that the token company generates that will give me enough value for my money to make this purchase cost me?

In a world of token price crashes on different exchanges, the more opportunities you have to extract real token usage beyond the expected listing of the crypto exchange, the better the chances of not being disappointed or blocked tokens that you useless.

So, you have to ask again and again: IF this coin was never traded on the stock exchange, would I still be happy to support the vision? If this token loses 70% of its value on the stock exchange, can I still use it and get value for my money elsewhere with it?

If you could not answer these questions in the affirmative after reviewing WHITEPAPER and investing the company’s claims, then you should think twice before buying this coin.

A recent case

Take the current ICO as Nollycoin, which is the symbol that powers the Blockchain-activated movie distribution ecosystem. Coin promoters have created various utility scenarios for coin buyers to ensure that no matter what happens to Nollycoin on the cryptocurrency exchange, their supporters and hackers will continue to smile.

Includes some of the great useful applications attached to the Nollycoin symbol in the Nollytainment ecosystem

• Ability to use Nollycoin tokens to watch exclusive movies in cinemas and cinemas

• Ability to use Nollycoin tokens to access thousands of movies in their Netflix-on-steroids blockchain Movie distribution.

• Ability to use Nollycoin tokens to purchase products and services at NollyMall, which is Amazon’s platform for entertainment-based products.

• Ability to use Nollycoin tokens to pay school fees in the NOLLY Academy platform and partner companies

As you can see, beyond the normal expectation that tokens can be listed on a cryptocurrency platform, you need to look beyond the ico’s hip to the immediate and promising usefulness of the token and the viability of the underlying project behind it.

The five golden laws

We live in an impatient age and when it comes to money, we want more of it now, today, not tomorrow. Whether it’s a mortgage deposit or clearing up those credit cards that drain our energy long after we’ve stopped enjoying what we bought with them, the sooner the better. When it comes to investing, we want easy choices and quick returns. Hence the current craze for cryptocurrencies. Why invest in nanotechnology or machine learning when Ethereum is locked in an endless spiral upwards and Bitcoin is the gift it continues to give?

A century ago, the American writer George C. Klason took a different approach. In The Richest Man in Babylon, he gave the world a treasure — literally — of financial principles based on things that may seem old-fashioned today: prudence, caution, and wisdom. Klason used the sages of the ancient city of Babylon as spokesmen for his financial councils, but this advice is as relevant today as it was a century ago, when the collapse of Wall Street and the Great Depression were looming.

Take, for example, the five golden laws. If you want to put your personal finances on a sound footing, wherever you are in life, they are for you:

Law №1: Gold comes with pleasure and in ever-increasing quantity to anyone who puts in at least a tenth of their income to create an estate for their future and that of their family. In other words, save 10% of your income. At least. Save more than that if you can. And that’s 10% not for next year’s holiday or a new car. This is in the long run. Your 10% can include your pension contributions, ISAs, premiums or any type of high interest / limited access savings account. Well, interest rates for savers are now at historically low levels, but who knows where they will be in five or ten years? And compound interest means your savings will grow faster than you think.

Law №2: Gold works diligently and contentedly for the wise owner who finds a profitable job for it. So if you want to invest instead of saving, do it wisely. No cryptocurrencies or pyramid schemes. We focus on the words ‘profitable’ and ’employment’. Make your money work for you, but remember that the best you can hope for this side of the rainbow is a stable long-term return, not lottery winnings. In practice, this is likely to mean shares in established companies offering a regular dividend and a steady upward trend in share prices. You can invest directly or through a fund manager in the form of unit trusts, but before parting with a penny, see Laws 3, 4 and 5 …

Law №3: Gold adheres to the protection of the prudent owner, who invests it under the advice of the wise in handling it. Talk to a qualified, experienced financial advisor before taking any action. If you don’t know one, do some research. Check them out online. What experience do they have? What customers? Read the reviews. Call them first and find out what they can offer you, then decide if the face-to-face meeting will work. See their commission arrangements. Are they independent or tied to a particular company under a contract to push the company’s financial products? A decent financial advisor will encourage you to lay the groundwork: retirement, life insurance, living somewhere before directing you to invest in emerging markets and space travel. When you are happy to have found a counselor you can count on, listen to them. Trust their advice. But review your relationship with them at regular intervals, say annually, and if you’re not happy, look elsewhere. Chances are that if your judgment was initially reasonable, you will stick to the same advisor for many years to come.

Law №4: Gold escapes from those who invest it in businesses or purposes with which they are unfamiliar or which are not approved by the experts in its safekeeping. If you have a deep knowledge of food retail, be sure to invest in a supermarket chain that increases market share. Similarly, if you work for a company that has a shareholder ownership scheme, it makes sense to take advantage of it if you are sure that your company has good prospects. But you should never invest in a market or financial product that you don’t understand (remember the crash!) Or can’t fully explore. If you are tempted to try your hand at currency trading or options trading and you have a financial advisor, talk to them first. If they are not in a hurry, ask them to point you to someone who is. Best of all, beware of anything you are not sure about, no matter how great the potential.

Law №5: Gold flees from one who seeks impossible income, or who follows the enticing advice of fraudsters or insidious people, or who trusts his own inexperience. Again, the fifth law follows the fifth of the fourth. If you start searching the internet for financial advice and wealth creation ideas, your inbox will soon be full of “scammers and intriguers” promising you land if you invest £ 999 in their “system” to turn £ 1 into 1 pound of the Chicago Mercantile Exchange. Remember that the only one who makes money in gold rush is the one who sells shovels. Buy the wrong shovel and you will quickly dig into debt. Not only will you pay through the nose for a system that has no proven value; by following it, you will probably lose much more than the price you paid for it. At the very least, you should check out genuine product reviews. And never buy any system, investment instrument or financial product from any company that is not registered with a national supervisory authority, such as the UK Financial Administration.

Who can you trust when you invest?

Fear and insecurity caused by the coronavirus pandemic have spread around the world. In addition to these problems, the issue of police brutality against blacks has once again been brought to the world’s attention. The tragic murder of George Floyd by a Minneapolis police officer and the police killings of other black people flooded the news. Demonstrations, peaceful protests, and sometimes riots and violence have captured the interest of the United States and other parts of the world.

The world is in turmoil and investments may not be in people’s minds. But with the pandemic, many people have suffered financially, so money is a problem. They may be looking for a way to make much-needed money.

There are still many gurus who want you to trust them by subscribing to their stock investment newsletters. They promise big incomes and make big claims. Their recommendations sound almost too good to be true. Maybe they are.

So-called investment gurus advertise their programs, even if the unprecedented times caused by the coronavirus affect everyone. They say there are exciting opportunities to invest in oil, banking, crypto, medical companies and even during these troubled times. They have common names like John, Tom, Ken, Alex, Mark and Jeff plus some more unusual names like Jordan, Derek and Kyle. Who can you trust? It’s hard to know.

Sometimes they promise a 100% return on your investment or maybe they are brave enough to promise $ 2000% for a year. They say you will most likely get a return on your investment with your first deal. If they promise a large return, it is best to make sure they have a money back guarantee if they do not produce as claimed.

If these promises come true, it will be a great opportunity and blessing. Too often, however, they are false promises that do not come true. If you can find a program that pays as stated, you can consider yourself one of the lucky ones.

It is quite unfortunate when a loss is not considered a victory, but this is the case with so many investments. We can be happy just not to lose our shirts, even though the gurus told us that we would win 100% or more with their recommendations. When following the guru’s recommendations, it is important to reduce your losses before losing your shirt, so to speak. Victory is the goal, of course.

False claims and dead ends can bring a lot of stress. Minor failures can be overcome without major losses. It is tempting to listen to investment gurus follow in their footsteps to win trades. However, you cannot trust many or most of them. It is best to research and learn so that you can trust yourself to make the best decisions.

Volatility of cryptocurrencies, winning train

This year we can see that cryptocurrencies tend to move up and down even by 15% of the value daily. Such price changes are known as volatility. But what if … this is perfectly normal and sudden changes are one of the characteristics of cryptocurrencies that allow you to make good profits?

First of all, cryptocurrencies have reached the mainstream only recently, which is why all the news about them and the rumors are “hot”. After each statement of government officials for possible regulation or ban on the cryptocurrency market, we see a huge movement in prices.

Second, the nature of cryptocurrencies is more like a “store of value” (as gold was in the past) – many investors see them as an option to back up stocks, physical assets such as gold and fiat (traditional) currencies. The transfer rate also affects the instability of the cryptocurrency. The fastest transfer takes only a few seconds (up to a minute), making them an excellent asset for short-term trading if there is currently no good trend for other types of assets.

What everyone should keep in mind – this speed also applies to trends in the life of cryptocurrencies. While in regular markets the trends can last for months or even years – here it happens within even days or hours.

This brings us to the next point – although we are talking about a market worth hundreds of billions of dollars, it is still very small compared to the daily trading volume compared to the traditional foreign exchange market or stocks. Therefore, an investor who makes 100 million transactions in the stock market will not lead to a huge change in price, but on the scale of the cryptocurrency market, this is a significant and noticeable transaction.

Because cryptocurrencies are digital assets, they are subject to technical and software updates to cryptocurrency features or extended blockchain collaboration, making it more attractive to potential investors (activating SegWit mainly doubles the value of bitcoin).

These elements combined are the reasons why we see such huge changes in the prices of cryptocurrencies within a few hours, days, weeks, etc.

But the answer to the question in the first paragraph – one of the classic rules of trading is to buy cheap, to sell high – hence the presence of short but strong trends every day (instead of weaker ones that last weeks or months as in stocks) , gives a much better chance to make a decent profit if used properly.

Practical tips on how to trade cryptocurrencies

For some time now, I have been closely monitoring the performance of cryptocurrencies to feel where the market is headed. The routine that my elementary school teacher teaches – where you wake up, pray, brush your teeth and have breakfast, move a little to waking up, praying and then hitting the net (starting with coinmarketcap), just to find out which crypto assets are in the red.

The start of 2018 was not great for altcoin and related assets. Their performance was crippled by the frequent opinions of bankers that the crypto bubble was about to burst. Nevertheless, ardent followers of cryptocurrencies are still “HODLing” and, frankly, they are reaping big.

Bitcoin has recently recovered to almost $ 5,000; Bitcoin Cash approached $ 500, while Ethereum found peace at $ 300. Almost every coin was affected by the newcomers, who were still in a phase of excitement. At the time of writing, Bitcoin is back on track and selling for $ 8,900. Many other cryptocurrencies have doubled since the beginning of the uptrend and market capitalization has remained at $ 400 billion from the recent $ 250 billion crest.

If you are slowly warming up to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on how to trade cryptocurrencies

• Start moderately

You have already heard that the prices of cryptocurrencies jump sharply. You’ve probably also received the news that this upward trend may not last long. Some skeptics, especially respected bankers and economists, usually continue to describe them as getting rich quick without a solid foundation.

Such news can make you invest in a hurry and not apply moderation. A small analysis of market trends and the currencies in which you can invest can guarantee you a good return. Whatever you do, do not invest all your hard-earned money in these assets.

• Find out how the exchange works

I recently saw a friend of mine post on Facebook a show about one of his friends who kept trading on the stock exchange, he had no idea how it was going. This is a dangerous move. Always review the site you intend to use before you register, or at least before you start trading. If they provide a bogus account to play with, use this option to learn what the board looks like.

• Don’t insist on trading everything

There are over 1,400 cryptocurrencies to trade, but it is impossible to deal with all of them. Spreading your portfolio to a huge number of cryptos than you can effectively manage will minimize your profits. Just select a few of them, read more about them and how to get their trading alerts.

• Stay sober

Cryptocurrencies are unstable. This is both their curse and grace. As a trader, you need to understand that wild price changes are inevitable. Uncertainty about when to make a move makes an inefficient trader. Use hard data and other research methods to be sure when to make a deal.

Successful traders belong to various online forums where cryptocurrency discussions about market trends and signals are discussed. Of course, your knowledge may be sufficient, but you should rely on other traders for more relevant data.

• Diversify meaningfully

Virtually everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies with real applications. There are a few rotten coins you can deal with for quick money, but the best cryptocurrencies to deal with are the ones that solve existing problems. Coins with real use are usually less unstable.

Don’t diversify too early or too late. And before you make the move to buy a crypto asset, make sure you know its market capitalization, price changes and daily trading volumes. Maintaining a healthy portfolio is the way to get the most out of these digital assets.

Things that look positive for cryptocurrencies

Although there were market adjustments in the cryptocurrency market in 2018, everyone agrees that the best is yet to come. There were many activities in the market that changed the tide for the better. With proper analysis and the right dose of optimism, anyone who is invested in the crypto market can earn millions from it. The cryptocurrency market is here to stay in the long run. Here in this article we give you five positive factors that can stimulate further innovation and market value in cryptocurrencies.

1. Innovation in scaling

Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it is not without problems. Its main narrow is that it can process only six to seven transactions per second. By comparison, credit card transactions average several thousand per second. Obviously, there is room for improvement in transaction scaling. With the help of peer-to-peer transaction networks on top of blockchain technology, it is possible to increase the volume of transactions per second.

2. Legitimate ICOs

Although there are cryptocurrencies on the market with a stable value, newer coins are being created that are designed to serve a specific purpose. Coins like IOTA aim to help the Internet of Things market by exchanging currencies. Some coins solve the problem of cybersecurity by providing encrypted digital repositories for storing money.

The new ICOs offer innovative solutions that disrupt the existing market and add new value to transactions. They also gain market credibility with their easy-to-use exchanges and reliable backend operations. They innovate both technologically in terms of the use of specialized mining hardware and on the part of the financial market, providing more freedom and opportunities to investors in the stock market.

3. Clarity regarding regulation

In the current scenario, most governments study the impact of cryptocurrencies on society and how its benefits can be reaped for the community as a whole. We can expect that there may be reasonable conclusions based on the results of the research.

Few governments are already embarking on the path of legalizing and regulating crypto markets, like any other market. This will prevent ignorant retail investors from losing money and protect them from harm. Regulations are expected to appear in 2018 to accelerate the growth of cryptocurrencies. This will potentially pave the way for widespread use in the future

4. Increase the application

There is a huge enthusiasm for the application of blockchain technology in almost every industry. Some start-ups offer innovative solutions such as digital wallets, debit cards for cryptocurrencies and more.

The reputation of crypto assets as a transaction environment will be strengthened as more people trust this system. Although some start-ups may not survive, they will make a positive contribution to the overall health of the market by creating competition and innovation.

5. Investments from financial institutions

Many international banks are watching the cryptocurrency scene. This can lead to the entry of institutional investors into the market. The inflow of significant institutional investment will fuel the next phase of cryptomarket growth. It has captured the imagination of many banks and financial institutions.

As surprises and bottlenecks around cryptocurrencies diminish, there will be more absorption from traditional investors. This will lead to the great dynamism and liquidity needed for growing financial markets. The cryptocurrency will become the de facto currency for transactions around the world.