Introduction: To invest in Cryptocurrencies
The first cryptocurrency which has the existence was Bitcoin which was built on Blockchain technology and probably it was launched in '09 by a mysterious person Satoshi Nakamoto. At the time writing this blog, 18 million bitcoin had been mined and it is believed that total twenty-one million bitcoin could be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin like Bitcoin Cash and Bitcoin Gold.
It is advised to users to not put all money in one cryptocurrency and resist investing at the peak of cryptocurrency bubble
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. It has been observed that price has been suddenly dropped down when it is on the peak of the crypto bubble. Since the cryptocurrency is a volatile market so users must invest the amount that they can afford to lose as there is no control of any government on cryptocurrency as it is a decentralized cryptocurrency.
Why and Why not Invest in Cryptocurrencies?
Bitcoin was the first cryptocurrency which had become and thereafter around 1600+ cryptocurrencies has been launched with some unique feature for each coin. Some of the reasons that i also have and would like to share, cryptocurrencies have been created on the decentralized platform : so users don't require a third party to transfer cryptocurrency collected from one of destination to another one, unlike fiat currency where a user desire a platform like Bank to transfer money collected from one of account to another. Cryptocurrency built on a very safe blockchain technology and almost nil possiblity to identify and steal your cryptocurrencies if you do not don't share your some critical information.
You should always avoid buying cryptocurrencies at the high point of cryptocurrency-bubble. Many of us buy the cryptocurrencies at the peak in the desire to make quick money and fall victim to the hype of bubble and lose their money. It is advisable for users to do a lot of research before investing the money. It is always good to put your money in multiple cryptocurrencies instead of one as it has been noticed that few cryptocurrencies grow more, some average if other cryptocurrencies go in debt zone.
Cryptocurrencies to target
In 2014, Bitcoin holds the 90% market and remaining portion of the cryptocurrencies holds tenacious 10%. In 2017, Bitcoin is still major the crypto market but its share has sharply decreased from 90% to 38% and Altcoins like Litecoin, Ethereum, Ripple continues to grow rapidly and captured the most of the market.
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