The Rise of Cryptocurrencies Explained

Cryptocurrencies explained

In the end, we can say that the transition of countries towards cryptocurrencies is going to play a significant role in the development of the crypto market. Hopefully, the market is expected to grow in the future, but it is a matter of time. Are you interested in trading cryptocurrencies? One of the top brokers for trading in cryptocurrencies is eToro.

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While investing in the crypto market, check out all the accessible crypto-assets. Then go for the one which you think has the highest possibility of growing. Keep in mind you want to choose a currency with low risks attached to that specific cryptocurrency.

Future Prospects of Cryptocurrencies

It is evident that cryptocurrencies are growing at a continuous pace. We are expecting a single global digital currency in the future, keeping in view the increasing popularity of cryptocurrency. With thousands of crypto assets being available in the market. Analysts have discovered that there is a growing interest in the usage of this digital currency.

While the mining process is becoming more mature, we can say that the investors will not be able to generate excess profits from cryptocurrency mining if the price of cryptocurrencies does not increase rapidly.

Currently, the crypto market is saturated with equipment as the manufacturers have learned new ways to grow their sales efficiently. According to analysts, institutional investors will play a significant role in the development of the crypto industry.

During this year, the share of Chinese mining is expected to decrease gradually. Analysts state that the USA and Canada will be the major growing countries in this aspect. North America is of interest to the most cautious investors as their well-developed investment protection systems and fully established laws in the said region.

In the end, we can say that the transition of countries towards cryptocurrencies is going to play a significant role in the development of the crypto market. Hopefully, the market is expected to grow in the future, but it is a matter of time. Are you interested in trading cryptocurrencies? One of the top brokers for trading in cryptocurrencies is eToro.

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During the year 2018, a massive sell-off of crypto assets took place, and the price of Bitcoin decreased by about 65% from Jan to Feb 2018. The value of MVIS CryptoCompare Digital Assets 10 Index was reduced by 80% by the end of September 2018. This was the decline of the crypto market, and Bitcoin’s market capitalisation was below $100 billion during November of the year 2018. A Bitcoin unit was being traded in less than $4,000 during November 2018, which showed an 80% decrease in its price since Jan 2017.

Investing in crypto

You may have heard stories of individuals becoming millionaires overnight. But there are a lot of people who lost thousands of bucks hoping to become a millionaire. So, what are the factors you should consider before investing in the crypto market?

Always remember that investing in the crypto market is like exchanging your financial assets with a different country. These cryptocurrencies are like foreign currencies. They work in a context within specific communities operating online.

Price fluctuations

The value of these digital currencies’ experiences extreme ups and downs. For instance, the price of a BTC swung between $900 and $20,000 during the year 2017. Investing in this market is risky, and one should avoid unnecessary risks involved during the process.

There are a lot of unknowns in this market, as a lot of things still need to be ironed out with how this market operates. We also don’t know who the founder of the most popular cryptocurrency, Bitcoin, is. Only a few people know how the system works and have the knowledge to operate it. So, you should first consider learning how the market operates before investing in this digital currency.

An essential factor to consider is that cryptocurrencies are also being used for fraudulent activities. As individuals who want to avoid regulations from governments and banks use cryptocurrencies to stay anonymous. Money laundering is also one of the problems in this market.

This market comes with an unproven rate of return, and you should keep in mind that trading in the crypto market is like gambling. We can’t predict the changes in the crypto market, which makes it difficult to calculate the returns.

While investing in the crypto market, check out all the accessible crypto-assets. Then go for the one which you think has the highest possibility of growing. Keep in mind you want to choose a currency with low risks attached to that specific cryptocurrency.

Future Prospects of Cryptocurrencies

It is evident that cryptocurrencies are growing at a continuous pace. We are expecting a single global digital currency in the future, keeping in view the increasing popularity of cryptocurrency. With thousands of crypto assets being available in the market. Analysts have discovered that there is a growing interest in the usage of this digital currency.

While the mining process is becoming more mature, we can say that the investors will not be able to generate excess profits from cryptocurrency mining if the price of cryptocurrencies does not increase rapidly.

Currently, the crypto market is saturated with equipment as the manufacturers have learned new ways to grow their sales efficiently. According to analysts, institutional investors will play a significant role in the development of the crypto industry.

During this year, the share of Chinese mining is expected to decrease gradually. Analysts state that the USA and Canada will be the major growing countries in this aspect. North America is of interest to the most cautious investors as their well-developed investment protection systems and fully established laws in the said region.

In the end, we can say that the transition of countries towards cryptocurrencies is going to play a significant role in the development of the crypto market. Hopefully, the market is expected to grow in the future, but it is a matter of time. Are you interested in trading cryptocurrencies? One of the top brokers for trading in cryptocurrencies is eToro.

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Bitcoin was the first cryptocurrency, and it allowed the masses to perform financial transactions without having to rely on governments or banks.

When was the crypto-mania/crypto rush?

During the year 2018, a massive sell-off of crypto assets took place, and the price of Bitcoin decreased by about 65% from Jan to Feb 2018. The value of MVIS CryptoCompare Digital Assets 10 Index was reduced by 80% by the end of September 2018. This was the decline of the crypto market, and Bitcoin’s market capitalisation was below $100 billion during November of the year 2018. A Bitcoin unit was being traded in less than $4,000 during November 2018, which showed an 80% decrease in its price since Jan 2017.

Investing in crypto

You may have heard stories of individuals becoming millionaires overnight. But there are a lot of people who lost thousands of bucks hoping to become a millionaire. So, what are the factors you should consider before investing in the crypto market?

Always remember that investing in the crypto market is like exchanging your financial assets with a different country. These cryptocurrencies are like foreign currencies. They work in a context within specific communities operating online.

Price fluctuations

The value of these digital currencies’ experiences extreme ups and downs. For instance, the price of a BTC swung between $900 and $20,000 during the year 2017. Investing in this market is risky, and one should avoid unnecessary risks involved during the process.

There are a lot of unknowns in this market, as a lot of things still need to be ironed out with how this market operates. We also don’t know who the founder of the most popular cryptocurrency, Bitcoin, is. Only a few people know how the system works and have the knowledge to operate it. So, you should first consider learning how the market operates before investing in this digital currency.

An essential factor to consider is that cryptocurrencies are also being used for fraudulent activities. As individuals who want to avoid regulations from governments and banks use cryptocurrencies to stay anonymous. Money laundering is also one of the problems in this market.

This market comes with an unproven rate of return, and you should keep in mind that trading in the crypto market is like gambling. We can’t predict the changes in the crypto market, which makes it difficult to calculate the returns.

While investing in the crypto market, check out all the accessible crypto-assets. Then go for the one which you think has the highest possibility of growing. Keep in mind you want to choose a currency with low risks attached to that specific cryptocurrency.

Future Prospects of Cryptocurrencies

It is evident that cryptocurrencies are growing at a continuous pace. We are expecting a single global digital currency in the future, keeping in view the increasing popularity of cryptocurrency. With thousands of crypto assets being available in the market. Analysts have discovered that there is a growing interest in the usage of this digital currency.

While the mining process is becoming more mature, we can say that the investors will not be able to generate excess profits from cryptocurrency mining if the price of cryptocurrencies does not increase rapidly.

Currently, the crypto market is saturated with equipment as the manufacturers have learned new ways to grow their sales efficiently. According to analysts, institutional investors will play a significant role in the development of the crypto industry.

During this year, the share of Chinese mining is expected to decrease gradually. Analysts state that the USA and Canada will be the major growing countries in this aspect. North America is of interest to the most cautious investors as their well-developed investment protection systems and fully established laws in the said region.

In the end, we can say that the transition of countries towards cryptocurrencies is going to play a significant role in the development of the crypto market. Hopefully, the market is expected to grow in the future, but it is a matter of time. Are you interested in trading cryptocurrencies? One of the top brokers for trading in cryptocurrencies is eToro.

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According to a study, the majority of cryptocurrencies users are aged between 26-45 years. 2gether conducted this study, and it collected data from more than 10,000 crypto users. The data was collected from users across 19 countries in the Eurozone. About 77% of the crypto users are male, and it seems that most of these users tend to be white-collar professionals. The most common professions among crypto users include economists, accountants, and lawyers. 15.64% of crypto users are economists. While 11.20% are students, and around 8.82% of them are businessmen and executives.

What is the initial idea behind it?

The world needed a digital medium of exchange, and that was the idea that influenced the creation of cryptocurrencies. The cryptocurrency acts as a digital asset to work as an exchange medium. The cryptocurrencies are the results of the world’s efforts to create a decentralised digital currency system. This digital currency works in a decentralized manner, and encryption is used in the process.

In short words, we can say that the world needed a currency system that would operate without a central bank, and the cryptocurrencies are also not regulated by any government. This currency is virtual and eliminates the need to have real money, but there are other risks attached to this currency, such as cyber scams, etc.

During the year 2008, the world was going through a financial crisis, and the masses were upset at governments and banks because of a range of reasons. One of the primary reasons was that people had to trust governments and banks with their money. Also, companies and governments could seize the financial assets of people. This means that people did not adequately control their cash before cryptocurrencies were created.

Bitcoin was the first cryptocurrency, and it allowed the masses to perform financial transactions without having to rely on governments or banks.

When was the crypto-mania/crypto rush?

During the year 2018, a massive sell-off of crypto assets took place, and the price of Bitcoin decreased by about 65% from Jan to Feb 2018. The value of MVIS CryptoCompare Digital Assets 10 Index was reduced by 80% by the end of September 2018. This was the decline of the crypto market, and Bitcoin’s market capitalisation was below $100 billion during November of the year 2018. A Bitcoin unit was being traded in less than $4,000 during November 2018, which showed an 80% decrease in its price since Jan 2017.

Investing in crypto

You may have heard stories of individuals becoming millionaires overnight. But there are a lot of people who lost thousands of bucks hoping to become a millionaire. So, what are the factors you should consider before investing in the crypto market?

Always remember that investing in the crypto market is like exchanging your financial assets with a different country. These cryptocurrencies are like foreign currencies. They work in a context within specific communities operating online.

Price fluctuations

The value of these digital currencies’ experiences extreme ups and downs. For instance, the price of a BTC swung between $900 and $20,000 during the year 2017. Investing in this market is risky, and one should avoid unnecessary risks involved during the process.

There are a lot of unknowns in this market, as a lot of things still need to be ironed out with how this market operates. We also don’t know who the founder of the most popular cryptocurrency, Bitcoin, is. Only a few people know how the system works and have the knowledge to operate it. So, you should first consider learning how the market operates before investing in this digital currency.

An essential factor to consider is that cryptocurrencies are also being used for fraudulent activities. As individuals who want to avoid regulations from governments and banks use cryptocurrencies to stay anonymous. Money laundering is also one of the problems in this market.

This market comes with an unproven rate of return, and you should keep in mind that trading in the crypto market is like gambling. We can’t predict the changes in the crypto market, which makes it difficult to calculate the returns.

While investing in the crypto market, check out all the accessible crypto-assets. Then go for the one which you think has the highest possibility of growing. Keep in mind you want to choose a currency with low risks attached to that specific cryptocurrency.

Future Prospects of Cryptocurrencies

It is evident that cryptocurrencies are growing at a continuous pace. We are expecting a single global digital currency in the future, keeping in view the increasing popularity of cryptocurrency. With thousands of crypto assets being available in the market. Analysts have discovered that there is a growing interest in the usage of this digital currency.

While the mining process is becoming more mature, we can say that the investors will not be able to generate excess profits from cryptocurrency mining if the price of cryptocurrencies does not increase rapidly.

Currently, the crypto market is saturated with equipment as the manufacturers have learned new ways to grow their sales efficiently. According to analysts, institutional investors will play a significant role in the development of the crypto industry.

During this year, the share of Chinese mining is expected to decrease gradually. Analysts state that the USA and Canada will be the major growing countries in this aspect. North America is of interest to the most cautious investors as their well-developed investment protection systems and fully established laws in the said region.

In the end, we can say that the transition of countries towards cryptocurrencies is going to play a significant role in the development of the crypto market. Hopefully, the market is expected to grow in the future, but it is a matter of time. Are you interested in trading cryptocurrencies? One of the top brokers for trading in cryptocurrencies is eToro.

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There was more than 5,100 crypto assets present at the start of the year, 2020. If you are planning to invest in cryptocurrencies, it might be challenging for you to decide which cryptocurrency is best for you. The following are some of the best crypto assets to invest in this year.

  • Bitcoin: BTC is the most popular crypto asset across the world. The popularity of this digital currency is its most significant advantage against other cryptocurrencies in the market. Bitcoin has displayed consistent growth over these years.
  • Ripple: XRP is one of the most promising investments of this year, and it is the third crypto asset by market capitalisation. Various companies are using Ripple, including MoneyGram and Azimo, and according to experts, this year will result in higher adoption of Ripple, and prices will increase significantly.
  • Litecoin: It is one of the fastest-growing crypto assets and is usually referred to be the most affordable one. Currently, each LTC unit is traded for less than $100.
  • Ethereum: ETH is the most influential crypto asset as its blockchain that allows thousands of projects to be developed on top of Ethereum blockchain. Analysts see massive potential in Ethereum in the upcoming months.
  • NEO: Neo Token has been approximately doubled since Jan 2019, rising from $7.50 to $11.00. Although it is a risky investment, the low price of this crypto asset makes it easy for NEO to accommodate on any portfolio.

Who are the users of cryptocurrencies?

According to a study, the majority of cryptocurrencies users are aged between 26-45 years. 2gether conducted this study, and it collected data from more than 10,000 crypto users. The data was collected from users across 19 countries in the Eurozone. About 77% of the crypto users are male, and it seems that most of these users tend to be white-collar professionals. The most common professions among crypto users include economists, accountants, and lawyers. 15.64% of crypto users are economists. While 11.20% are students, and around 8.82% of them are businessmen and executives.

What is the initial idea behind it?

The world needed a digital medium of exchange, and that was the idea that influenced the creation of cryptocurrencies. The cryptocurrency acts as a digital asset to work as an exchange medium. The cryptocurrencies are the results of the world’s efforts to create a decentralised digital currency system. This digital currency works in a decentralized manner, and encryption is used in the process.

In short words, we can say that the world needed a currency system that would operate without a central bank, and the cryptocurrencies are also not regulated by any government. This currency is virtual and eliminates the need to have real money, but there are other risks attached to this currency, such as cyber scams, etc.

During the year 2008, the world was going through a financial crisis, and the masses were upset at governments and banks because of a range of reasons. One of the primary reasons was that people had to trust governments and banks with their money. Also, companies and governments could seize the financial assets of people. This means that people did not adequately control their cash before cryptocurrencies were created.

Bitcoin was the first cryptocurrency, and it allowed the masses to perform financial transactions without having to rely on governments or banks.

When was the crypto-mania/crypto rush?

During the year 2018, a massive sell-off of crypto assets took place, and the price of Bitcoin decreased by about 65% from Jan to Feb 2018. The value of MVIS CryptoCompare Digital Assets 10 Index was reduced by 80% by the end of September 2018. This was the decline of the crypto market, and Bitcoin’s market capitalisation was below $100 billion during November of the year 2018. A Bitcoin unit was being traded in less than $4,000 during November 2018, which showed an 80% decrease in its price since Jan 2017.

Investing in crypto

You may have heard stories of individuals becoming millionaires overnight. But there are a lot of people who lost thousands of bucks hoping to become a millionaire. So, what are the factors you should consider before investing in the crypto market?

Always remember that investing in the crypto market is like exchanging your financial assets with a different country. These cryptocurrencies are like foreign currencies. They work in a context within specific communities operating online.

Price fluctuations

The value of these digital currencies’ experiences extreme ups and downs. For instance, the price of a BTC swung between $900 and $20,000 during the year 2017. Investing in this market is risky, and one should avoid unnecessary risks involved during the process.

There are a lot of unknowns in this market, as a lot of things still need to be ironed out with how this market operates. We also don’t know who the founder of the most popular cryptocurrency, Bitcoin, is. Only a few people know how the system works and have the knowledge to operate it. So, you should first consider learning how the market operates before investing in this digital currency.

An essential factor to consider is that cryptocurrencies are also being used for fraudulent activities. As individuals who want to avoid regulations from governments and banks use cryptocurrencies to stay anonymous. Money laundering is also one of the problems in this market.

This market comes with an unproven rate of return, and you should keep in mind that trading in the crypto market is like gambling. We can’t predict the changes in the crypto market, which makes it difficult to calculate the returns.

While investing in the crypto market, check out all the accessible crypto-assets. Then go for the one which you think has the highest possibility of growing. Keep in mind you want to choose a currency with low risks attached to that specific cryptocurrency.

Future Prospects of Cryptocurrencies

It is evident that cryptocurrencies are growing at a continuous pace. We are expecting a single global digital currency in the future, keeping in view the increasing popularity of cryptocurrency. With thousands of crypto assets being available in the market. Analysts have discovered that there is a growing interest in the usage of this digital currency.

While the mining process is becoming more mature, we can say that the investors will not be able to generate excess profits from cryptocurrency mining if the price of cryptocurrencies does not increase rapidly.

Currently, the crypto market is saturated with equipment as the manufacturers have learned new ways to grow their sales efficiently. According to analysts, institutional investors will play a significant role in the development of the crypto industry.

During this year, the share of Chinese mining is expected to decrease gradually. Analysts state that the USA and Canada will be the major growing countries in this aspect. North America is of interest to the most cautious investors as their well-developed investment protection systems and fully established laws in the said region.

In the end, we can say that the transition of countries towards cryptocurrencies is going to play a significant role in the development of the crypto market. Hopefully, the market is expected to grow in the future, but it is a matter of time. Are you interested in trading cryptocurrencies? One of the top brokers for trading in cryptocurrencies is eToro.

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There was more than 5,100 crypto assets present at the start of the year, 2020. If you are planning to invest in cryptocurrencies, it might be challenging for you to decide which cryptocurrency is best for you. The following are some of the best crypto assets to invest in this year.

  • Bitcoin: BTC is the most popular crypto asset across the world. The popularity of this digital currency is its most significant advantage against other cryptocurrencies in the market. Bitcoin has displayed consistent growth over these years.
  • Ripple: XRP is one of the most promising investments of this year, and it is the third crypto asset by market capitalisation. Various companies are using Ripple, including MoneyGram and Azimo, and according to experts, this year will result in higher adoption of Ripple, and prices will increase significantly.
  • Litecoin: It is one of the fastest-growing crypto assets and is usually referred to be the most affordable one. Currently, each LTC unit is traded for less than $100.
  • Ethereum: ETH is the most influential crypto asset as its blockchain that allows thousands of projects to be developed on top of Ethereum blockchain. Analysts see massive potential in Ethereum in the upcoming months.
  • NEO: Neo Token has been approximately doubled since Jan 2019, rising from $7.50 to $11.00. Although it is a risky investment, the low price of this crypto asset makes it easy for NEO to accommodate on any portfolio.

Who are the users of cryptocurrencies?

According to a study, the majority of cryptocurrencies users are aged between 26-45 years. 2gether conducted this study, and it collected data from more than 10,000 crypto users. The data was collected from users across 19 countries in the Eurozone. About 77% of the crypto users are male, and it seems that most of these users tend to be white-collar professionals. The most common professions among crypto users include economists, accountants, and lawyers. 15.64% of crypto users are economists. While 11.20% are students, and around 8.82% of them are businessmen and executives.

What is the initial idea behind it?

The world needed a digital medium of exchange, and that was the idea that influenced the creation of cryptocurrencies. The cryptocurrency acts as a digital asset to work as an exchange medium. The cryptocurrencies are the results of the world’s efforts to create a decentralised digital currency system. This digital currency works in a decentralized manner, and encryption is used in the process.

In short words, we can say that the world needed a currency system that would operate without a central bank, and the cryptocurrencies are also not regulated by any government. This currency is virtual and eliminates the need to have real money, but there are other risks attached to this currency, such as cyber scams, etc.

During the year 2008, the world was going through a financial crisis, and the masses were upset at governments and banks because of a range of reasons. One of the primary reasons was that people had to trust governments and banks with their money. Also, companies and governments could seize the financial assets of people. This means that people did not adequately control their cash before cryptocurrencies were created.

Bitcoin was the first cryptocurrency, and it allowed the masses to perform financial transactions without having to rely on governments or banks.

When was the crypto-mania/crypto rush?

During the year 2018, a massive sell-off of crypto assets took place, and the price of Bitcoin decreased by about 65% from Jan to Feb 2018. The value of MVIS CryptoCompare Digital Assets 10 Index was reduced by 80% by the end of September 2018. This was the decline of the crypto market, and Bitcoin’s market capitalisation was below $100 billion during November of the year 2018. A Bitcoin unit was being traded in less than $4,000 during November 2018, which showed an 80% decrease in its price since Jan 2017.

Investing in crypto

You may have heard stories of individuals becoming millionaires overnight. But there are a lot of people who lost thousands of bucks hoping to become a millionaire. So, what are the factors you should consider before investing in the crypto market?

Always remember that investing in the crypto market is like exchanging your financial assets with a different country. These cryptocurrencies are like foreign currencies. They work in a context within specific communities operating online.

Price fluctuations

The value of these digital currencies’ experiences extreme ups and downs. For instance, the price of a BTC swung between $900 and $20,000 during the year 2017. Investing in this market is risky, and one should avoid unnecessary risks involved during the process.

There are a lot of unknowns in this market, as a lot of things still need to be ironed out with how this market operates. We also don’t know who the founder of the most popular cryptocurrency, Bitcoin, is. Only a few people know how the system works and have the knowledge to operate it. So, you should first consider learning how the market operates before investing in this digital currency.

An essential factor to consider is that cryptocurrencies are also being used for fraudulent activities. As individuals who want to avoid regulations from governments and banks use cryptocurrencies to stay anonymous. Money laundering is also one of the problems in this market.

This market comes with an unproven rate of return, and you should keep in mind that trading in the crypto market is like gambling. We can’t predict the changes in the crypto market, which makes it difficult to calculate the returns.

While investing in the crypto market, check out all the accessible crypto-assets. Then go for the one which you think has the highest possibility of growing. Keep in mind you want to choose a currency with low risks attached to that specific cryptocurrency.

Future Prospects of Cryptocurrencies

It is evident that cryptocurrencies are growing at a continuous pace. We are expecting a single global digital currency in the future, keeping in view the increasing popularity of cryptocurrency. With thousands of crypto assets being available in the market. Analysts have discovered that there is a growing interest in the usage of this digital currency.

While the mining process is becoming more mature, we can say that the investors will not be able to generate excess profits from cryptocurrency mining if the price of cryptocurrencies does not increase rapidly.

Currently, the crypto market is saturated with equipment as the manufacturers have learned new ways to grow their sales efficiently. According to analysts, institutional investors will play a significant role in the development of the crypto industry.

During this year, the share of Chinese mining is expected to decrease gradually. Analysts state that the USA and Canada will be the major growing countries in this aspect. North America is of interest to the most cautious investors as their well-developed investment protection systems and fully established laws in the said region.

In the end, we can say that the transition of countries towards cryptocurrencies is going to play a significant role in the development of the crypto market. Hopefully, the market is expected to grow in the future, but it is a matter of time. Are you interested in trading cryptocurrencies? One of the top brokers for trading in cryptocurrencies is eToro.

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During March 2010, the first cryptocurrency exchange market, namely ‘bitcoinmarket.com,’ appeared. Later that year, Mt.Gox was also launched during July. Bitcoins were traded for the first time during 2010, and someone bought two pizzas for 10,000 BTC. During the period 2011-2013, many other cryptocurrencies emerged. The market counted ten digital assets by May of the year 2013.

What are the leading crypto assets now?

There was more than 5,100 crypto assets present at the start of the year, 2020. If you are planning to invest in cryptocurrencies, it might be challenging for you to decide which cryptocurrency is best for you. The following are some of the best crypto assets to invest in this year.

  • Bitcoin: BTC is the most popular crypto asset across the world. The popularity of this digital currency is its most significant advantage against other cryptocurrencies in the market. Bitcoin has displayed consistent growth over these years.
  • Ripple: XRP is one of the most promising investments of this year, and it is the third crypto asset by market capitalisation. Various companies are using Ripple, including MoneyGram and Azimo, and according to experts, this year will result in higher adoption of Ripple, and prices will increase significantly.
  • Litecoin: It is one of the fastest-growing crypto assets and is usually referred to be the most affordable one. Currently, each LTC unit is traded for less than $100.
  • Ethereum: ETH is the most influential crypto asset as its blockchain that allows thousands of projects to be developed on top of Ethereum blockchain. Analysts see massive potential in Ethereum in the upcoming months.
  • NEO: Neo Token has been approximately doubled since Jan 2019, rising from $7.50 to $11.00. Although it is a risky investment, the low price of this crypto asset makes it easy for NEO to accommodate on any portfolio.

Who are the users of cryptocurrencies?

According to a study, the majority of cryptocurrencies users are aged between 26-45 years. 2gether conducted this study, and it collected data from more than 10,000 crypto users. The data was collected from users across 19 countries in the Eurozone. About 77% of the crypto users are male, and it seems that most of these users tend to be white-collar professionals. The most common professions among crypto users include economists, accountants, and lawyers. 15.64% of crypto users are economists. While 11.20% are students, and around 8.82% of them are businessmen and executives.

What is the initial idea behind it?

The world needed a digital medium of exchange, and that was the idea that influenced the creation of cryptocurrencies. The cryptocurrency acts as a digital asset to work as an exchange medium. The cryptocurrencies are the results of the world’s efforts to create a decentralised digital currency system. This digital currency works in a decentralized manner, and encryption is used in the process.

In short words, we can say that the world needed a currency system that would operate without a central bank, and the cryptocurrencies are also not regulated by any government. This currency is virtual and eliminates the need to have real money, but there are other risks attached to this currency, such as cyber scams, etc.

During the year 2008, the world was going through a financial crisis, and the masses were upset at governments and banks because of a range of reasons. One of the primary reasons was that people had to trust governments and banks with their money. Also, companies and governments could seize the financial assets of people. This means that people did not adequately control their cash before cryptocurrencies were created.

Bitcoin was the first cryptocurrency, and it allowed the masses to perform financial transactions without having to rely on governments or banks.

When was the crypto-mania/crypto rush?

During the year 2018, a massive sell-off of crypto assets took place, and the price of Bitcoin decreased by about 65% from Jan to Feb 2018. The value of MVIS CryptoCompare Digital Assets 10 Index was reduced by 80% by the end of September 2018. This was the decline of the crypto market, and Bitcoin’s market capitalisation was below $100 billion during November of the year 2018. A Bitcoin unit was being traded in less than $4,000 during November 2018, which showed an 80% decrease in its price since Jan 2017.

Investing in crypto

You may have heard stories of individuals becoming millionaires overnight. But there are a lot of people who lost thousands of bucks hoping to become a millionaire. So, what are the factors you should consider before investing in the crypto market?

Always remember that investing in the crypto market is like exchanging your financial assets with a different country. These cryptocurrencies are like foreign currencies. They work in a context within specific communities operating online.

Price fluctuations

The value of these digital currencies’ experiences extreme ups and downs. For instance, the price of a BTC swung between $900 and $20,000 during the year 2017. Investing in this market is risky, and one should avoid unnecessary risks involved during the process.

There are a lot of unknowns in this market, as a lot of things still need to be ironed out with how this market operates. We also don’t know who the founder of the most popular cryptocurrency, Bitcoin, is. Only a few people know how the system works and have the knowledge to operate it. So, you should first consider learning how the market operates before investing in this digital currency.

An essential factor to consider is that cryptocurrencies are also being used for fraudulent activities. As individuals who want to avoid regulations from governments and banks use cryptocurrencies to stay anonymous. Money laundering is also one of the problems in this market.

This market comes with an unproven rate of return, and you should keep in mind that trading in the crypto market is like gambling. We can’t predict the changes in the crypto market, which makes it difficult to calculate the returns.

While investing in the crypto market, check out all the accessible crypto-assets. Then go for the one which you think has the highest possibility of growing. Keep in mind you want to choose a currency with low risks attached to that specific cryptocurrency.

Future Prospects of Cryptocurrencies

It is evident that cryptocurrencies are growing at a continuous pace. We are expecting a single global digital currency in the future, keeping in view the increasing popularity of cryptocurrency. With thousands of crypto assets being available in the market. Analysts have discovered that there is a growing interest in the usage of this digital currency.

While the mining process is becoming more mature, we can say that the investors will not be able to generate excess profits from cryptocurrency mining if the price of cryptocurrencies does not increase rapidly.

Currently, the crypto market is saturated with equipment as the manufacturers have learned new ways to grow their sales efficiently. According to analysts, institutional investors will play a significant role in the development of the crypto industry.

During this year, the share of Chinese mining is expected to decrease gradually. Analysts state that the USA and Canada will be the major growing countries in this aspect. North America is of interest to the most cautious investors as their well-developed investment protection systems and fully established laws in the said region.

In the end, we can say that the transition of countries towards cryptocurrencies is going to play a significant role in the development of the crypto market. Hopefully, the market is expected to grow in the future, but it is a matter of time. Are you interested in trading cryptocurrencies? One of the top brokers for trading in cryptocurrencies is eToro.

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Recently, cryptocurrencies have been increasingly popular across the globe. Sometimes, you might wonder how cryptocurrencies initiated and if it is safe to invest in cryptocurrencies or not? We will discuss the history of cryptocurrencies and various other aspects to explain the rise of cryptocurrencies.

When did the rise of cryptocurrencies start?

Bitcoin emerged as the initial cryptocurrency about 12 years ago. A lot of events took place since then, and we will discuss some of the significant events during that period. The idea of having a digital currency is not new, as there were many attempts taken to create one before cryptocurrencies were finally designed.

The main issue in creating a digital currency was the double-spending problem. The world needed a digital asset that could only be used once to avoid copying it. Wei Dai, a computer engineer, discussed the idea of a digital currency back in 1998. He published a paper discussing ‘B-money,’ which could be dispatched along with a group of digital pseudonyms that could not be traced. A blockchain pioneer, Nick Szabo, also came up with the idea of ‘Bit Gold’ in the same year. The concept behind Bit Gold was to create a decentralised digital currency.

Start of cryptocurrencies

Both ideas were formulated but were never launched officially, yet they were part of the influence behind the first cryptocurrency, Bitcoin. Satoshi Nakamoto, whose identity is still unknown to us, published the white paper on 31 Oct 2008 called ‘Bitcoin: a peer-to-peer electronic cash network.’ The article explained how the Bitcoin blockchain system functions, and Satoshi Nakamoto published the paper to a mailing list discussion on cryptography. On 3 Jan 2009, Satoshi Nakamoto mined ‘Genesis Block,’ the first block of the Bitcoin system, and the Bitcoin software was made available for public use.

During March 2010, the first cryptocurrency exchange market, namely ‘bitcoinmarket.com,’ appeared. Later that year, Mt.Gox was also launched during July. Bitcoins were traded for the first time during 2010, and someone bought two pizzas for 10,000 BTC. During the period 2011-2013, many other cryptocurrencies emerged. The market counted ten digital assets by May of the year 2013.

What are the leading crypto assets now?

There was more than 5,100 crypto assets present at the start of the year, 2020. If you are planning to invest in cryptocurrencies, it might be challenging for you to decide which cryptocurrency is best for you. The following are some of the best crypto assets to invest in this year.

  • Bitcoin: BTC is the most popular crypto asset across the world. The popularity of this digital currency is its most significant advantage against other cryptocurrencies in the market. Bitcoin has displayed consistent growth over these years.
  • Ripple: XRP is one of the most promising investments of this year, and it is the third crypto asset by market capitalisation. Various companies are using Ripple, including MoneyGram and Azimo, and according to experts, this year will result in higher adoption of Ripple, and prices will increase significantly.
  • Litecoin: It is one of the fastest-growing crypto assets and is usually referred to be the most affordable one. Currently, each LTC unit is traded for less than $100.
  • Ethereum: ETH is the most influential crypto asset as its blockchain that allows thousands of projects to be developed on top of Ethereum blockchain. Analysts see massive potential in Ethereum in the upcoming months.
  • NEO: Neo Token has been approximately doubled since Jan 2019, rising from $7.50 to $11.00. Although it is a risky investment, the low price of this crypto asset makes it easy for NEO to accommodate on any portfolio.

Who are the users of cryptocurrencies?

According to a study, the majority of cryptocurrencies users are aged between 26-45 years. 2gether conducted this study, and it collected data from more than 10,000 crypto users. The data was collected from users across 19 countries in the Eurozone. About 77% of the crypto users are male, and it seems that most of these users tend to be white-collar professionals. The most common professions among crypto users include economists, accountants, and lawyers. 15.64% of crypto users are economists. While 11.20% are students, and around 8.82% of them are businessmen and executives.

What is the initial idea behind it?

The world needed a digital medium of exchange, and that was the idea that influenced the creation of cryptocurrencies. The cryptocurrency acts as a digital asset to work as an exchange medium. The cryptocurrencies are the results of the world’s efforts to create a decentralised digital currency system. This digital currency works in a decentralized manner, and encryption is used in the process.

In short words, we can say that the world needed a currency system that would operate without a central bank, and the cryptocurrencies are also not regulated by any government. This currency is virtual and eliminates the need to have real money, but there are other risks attached to this currency, such as cyber scams, etc.

During the year 2008, the world was going through a financial crisis, and the masses were upset at governments and banks because of a range of reasons. One of the primary reasons was that people had to trust governments and banks with their money. Also, companies and governments could seize the financial assets of people. This means that people did not adequately control their cash before cryptocurrencies were created.

Bitcoin was the first cryptocurrency, and it allowed the masses to perform financial transactions without having to rely on governments or banks.

When was the crypto-mania/crypto rush?

During the year 2018, a massive sell-off of crypto assets took place, and the price of Bitcoin decreased by about 65% from Jan to Feb 2018. The value of MVIS CryptoCompare Digital Assets 10 Index was reduced by 80% by the end of September 2018. This was the decline of the crypto market, and Bitcoin’s market capitalisation was below $100 billion during November of the year 2018. A Bitcoin unit was being traded in less than $4,000 during November 2018, which showed an 80% decrease in its price since Jan 2017.

Investing in crypto

You may have heard stories of individuals becoming millionaires overnight. But there are a lot of people who lost thousands of bucks hoping to become a millionaire. So, what are the factors you should consider before investing in the crypto market?

Always remember that investing in the crypto market is like exchanging your financial assets with a different country. These cryptocurrencies are like foreign currencies. They work in a context within specific communities operating online.

Price fluctuations

The value of these digital currencies’ experiences extreme ups and downs. For instance, the price of a BTC swung between $900 and $20,000 during the year 2017. Investing in this market is risky, and one should avoid unnecessary risks involved during the process.

There are a lot of unknowns in this market, as a lot of things still need to be ironed out with how this market operates. We also don’t know who the founder of the most popular cryptocurrency, Bitcoin, is. Only a few people know how the system works and have the knowledge to operate it. So, you should first consider learning how the market operates before investing in this digital currency.

An essential factor to consider is that cryptocurrencies are also being used for fraudulent activities. As individuals who want to avoid regulations from governments and banks use cryptocurrencies to stay anonymous. Money laundering is also one of the problems in this market.

This market comes with an unproven rate of return, and you should keep in mind that trading in the crypto market is like gambling. We can’t predict the changes in the crypto market, which makes it difficult to calculate the returns.

While investing in the crypto market, check out all the accessible crypto-assets. Then go for the one which you think has the highest possibility of growing. Keep in mind you want to choose a currency with low risks attached to that specific cryptocurrency.

Future Prospects of Cryptocurrencies

It is evident that cryptocurrencies are growing at a continuous pace. We are expecting a single global digital currency in the future, keeping in view the increasing popularity of cryptocurrency. With thousands of crypto assets being available in the market. Analysts have discovered that there is a growing interest in the usage of this digital currency.

While the mining process is becoming more mature, we can say that the investors will not be able to generate excess profits from cryptocurrency mining if the price of cryptocurrencies does not increase rapidly.

Currently, the crypto market is saturated with equipment as the manufacturers have learned new ways to grow their sales efficiently. According to analysts, institutional investors will play a significant role in the development of the crypto industry.

During this year, the share of Chinese mining is expected to decrease gradually. Analysts state that the USA and Canada will be the major growing countries in this aspect. North America is of interest to the most cautious investors as their well-developed investment protection systems and fully established laws in the said region.

In the end, we can say that the transition of countries towards cryptocurrencies is going to play a significant role in the development of the crypto market. Hopefully, the market is expected to grow in the future, but it is a matter of time. Are you interested in trading cryptocurrencies? One of the top brokers for trading in cryptocurrencies is eToro.

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