how to invest in ethereum

The Road To Riches: How To Invest In Ethereum

How to invest in Ethereum

In the beginning, there was only Bitcoin. The Bitcoin blockchain was created by Satoshi Nikomoto in 2009, and although nobody paid much attention to it back then, it has changed the world in recent years.

People have become cryptocurrency millionaires over the course of the past two years just because they purchased a bunch of Bitcoin when it only cost 30 cents and then forgot about it. In mid-December 2017, however, Bitcoin hit a record high of almost $20,000. Since then it has yet to cross that threshold, and many investors think that it is no longer worth investing in.

However, those professionals have been investing in what they call the “New Bitcoin.” This is Ethereum, and if you’ve read anything about cryptocurrency, then you’ve no doubt heard of it. It’s faster, cheaper, and has far more real-world applications that Bitcoin does. If you haven’t started yet, it’s definitely a good time to invest in Ethereum.

Ethereum was first created by Vitalik Buterin at the end of July 2015 as a solution to some of the scaling issues that Bitcoin was running into, and to create a platform for developers to create blockchain-based software and applications. It is now the second most popular cryptocurrency in the world.

In 2017, Ethereum went to the moon. At the beginning of the year, it’s value was less than $10. By December, it was worth over $1,300. Needless to say, Ethereum made a lot of people rich in a short amount of time! Countless people wish that they could go back in time and invest in Ethereum.

As Bitcoin is slowly losing both popularity and value, people are looking to Ethereum to take up the mantle of the number one cryptocurrency in the world. They are predicting is value to rise exponentially further in the same manner that Bitcoin did. This is one cryptocurrency that you don’t want to miss out on. Let’s look at how you can begin investing!

Find an Exchange and Invest in Ethereum

how to invest in ethereum

how to invest in ethereum

Ethereum is currently traded on every major exchange on the market, which means that it’s easier than ever to invest in ethereum! The most accessible exchange to use right now is Coinbase. You can link your credit card or your bank account, and after they verify your account (which only takes a few hours), you could be making your first investments! They also have an incredibly easy-to-use mobile app so you can keep track of your accounts everywhere you go.

Many people complain about the excessive fees that Coinbase charges to make purchases and transfers. If this is a concern for you, there are quite a few other reputable exchanges out there such as Mt. Gox and Gdax. Find one that you’re comfortable with, and that has a trustworthy reputation, invest in ethereum and stick with it.

Read The Graphs

Most exchanges provide easy-to-read graphs so you can see the complete history of Ethereum. You can track it’s hourly, daily, weekly, and monthly progress, with just a few small clicks. You can zoom in and track micro-activity, you can see the current market cap (how much money is currently invested into Ethereum in total), and the price of Ethereum in relation to Bitcoin and the Dollar.

The best way to determine price is by the total market cap. It’s a relatively simple system; the more money is invested into the currency, the greater it’s perceived worth will be, and the higher market value it will have.

Hold

If you get one thing from this article, remember to hold (or “HODL” as veteran crypto investors like to say). Cryptocurrency tends to make drastic changes almost overnight. It can double in value over the course of a week just to dramatically crash over the weekend. While this can be scary for new investors, it is just how the game is.

If you lose 50% in a day, don’t panic. This is entirely normal, and if you hold onto your investments for another few weeks, then you are guaranteed to back on top in no time! If you do find yourself making huge gains, it’s a good idea to trade some in for fiat. Just make sure not to liquidate all of your funds at once.

There’s a saying by crypto traders that goes, “never buy the peak, and never sell the dip.” The best time to buy Ethereum is when it dips. Don’t panic sell as everybody else does. Wise traders invest in Ethereum when it drops. Keep holding onto what you have and buy some more. You will definitely make it all back weeks or even days later.

We wish you the best of luck in the coming months. Happy trading!

Sources:

https://en.wikipedia.org/wiki/Ethereum

www.coinbase.com

Images:

https://pixabay.com/en/ethereum-bitcoin-black-eth-2458552/

https://pixabay.com/en/cryptocurrency-business-finance-3085139/

 

 

 

top 5 ico febuary 3

The Top 5 Most Promising ICO’s of February

It’s February, and despite the recent dip that we’ve been experiencing, it’s a better time than ever to invest in the cryptomarket. Any veteran crypto investor will tell you always to buy the dip, and this is the lowest that the market has been in months. That means the potential for big returns in the coming months is huge. However, market downturns like these can steamroll small ICO’s that don’t have any lasting potential.

This is what stops a lot of people from investing during these troubling times. You should never stop investing, though. The trick is just to invest smarter. You need to invest in ICO’s that have real-world applications and solve actual problems, instead of just providing another digital wallet. So with this in mind, we’ve put together a list of the best ICO’s that have a real potential to explode in the coming months. Let’s take a look.

Vehicle Lifecycle Blockchain (VLB)

top 5 ico febuary 1

top 5 ico febuary 1

 

These guys have a really interesting business model. They want to fix the auto industry. For decades, the price of cars has skyrocketed and along with it, the price of automotive engineering, repair, and even cab fare. The reason that prices for these services are so astronomical now is that everything is centralized. There are a few leading companies who control vehicle and auto parts distribution, and whatever price that they charge dictates everything else in the market from insurance prices all the way down to how much you pay for your tires.

VLB wants to fix these problems with the blockchain. They want to create a decentralized platform for people to buy and sell cars, create ride-hailing services (like Uber), and to connect to automotive repair centers. This will take power out of the hands of the banks and large companies, and put it back into the hands of the people.

GoNetwork (GOT)

top 5 ico febuary 2

top 5 ico febuary 2

GoNetwork was created by three friends who’ve had a career in the gaming industry. They want to solve Ethereum’s scaling problem by allowing off-chain transactions. Right now, what’s holding Ethereum back from scaling as much as it should is the fact that it can only process 8 transactions per second. GoNetwork seeks to reduce the current strain and long transactional times by allowing people to transfer cryptocurrency via peer-to-peer connection off of the blockchain.

 

Rentberry (BERRY)

top 5 ico febuary 3

top 5 ico febuary 3

Unlike most ICO’s Rentberry has been around for a little while and has built an excellent reputation. They’re trying to make home and apartment rental easier than ever. Rentberry is using blockchain technology to automate all of the tedious bureaucratic processes. They want to make it easier than ever for property owners to rent out their homes, and easier and cheaper for tenants to move in. They are going to allow members to fund each others security deposits in return for rewards.

Node (NODE)

top 5 ico febuary 4

top 5 ico febuary 4

Node is harnessing the new wave of energy technology; wireless charging devices. Their first prototype is a wireless phone charger, and from there they are planning to expand into the industrial, medical, and automotive industry. They have big plans, and with the recent success of their prototype, they are set to skyrocket over the course of the next year as more and more companies are adapting to wireless charging technology.

SociFi (GIF)

top 5 ico febuary 5

top 5 ico febuary 5

SociFi wants to provide free data to the world. They plan on doing this by making large global companies pay for it. All over the world, there are people who have smartphones, but who either can’t afford or don’t want to pay the exorbitant prices that most service providers charge for data.Basically, users would download the SociFi app, and they would be given the opportunity to view advertisements and media that is related to a large company such as Coca-Cola.. In exchange for interacting with the media, the company would pay for a certain amount of free data for the SociFi user.

Not only does this bring internet and data access to underprivileged areas, but it also provides a whole new outlet for multi-billion dollar companies to advertise. SociFi already has a successful business model and has done the same thing with WiFi in the past few years. They also already have the support and backing of Pepsi, Coca-Cola, Uber, Windows, and Nuevo Pudahuel.

Conclusion

Don’t let this rough market turn you away! Take advantage of the sales while they last because we guarantee that they won’t be around forever. This year is going to one of the biggest years in the cryptomarket yet, and the prices are only going up this summer. Don’t be the last one to board the train!

Sources:

https://vlb.io/

https://gonetwork.co/

https://rentberry.cryptonomos.com/?gclid=CjwKCAiA5OrTBRBlEiwAXXhT6DHom-WWiggtjs_elvhOB7YDf31h9xh6IeqQTNOfS_haUs2gUie_1hoCr74QAvD_BwE

http://icocoins.io/event/node/

https://gif.network/

 

 

 

ten thing to know before investing in ICO’s

Investing in ICO’s : Ten things that every investor needs to know

If you’re going to be investing in ICO’s, then you need to be well-informed. There have been too many stories about people who threw all of their money into an ICO that promised them good returns only to lose all of their investment either because the ICO was an outright scam or because they couldn’t deliver the product that they said they would.

ten thing to know before investing in ICO’s

ten thing to know before investing in ICO’s

Investing in ICO’s can be both exciting and rewarding, but you should know these 10 things before you put any of your hard-earned money into one.

#1- What Countries Do They Allow?

Before you are  invest in a ICO, the first thing you need to know is if citizens from your country are allowed to invest in the first place. Due to various laws, and to prevent the possibility of a “pump and dump” many ICO’s restrict ICO’s to a few select countries.

#2-Bitcoin or Ethereum?

Currently, every ICO either takes Bitcoin or Ethereum. Sometimes they offer bonuses depending on which currency that you invest with. If you read the ICO’s whitepaper, it should clearly outline what currency you should invest with and what address you should send it to.

#3-Do You Need A Wallet?

Most exchanges don’t allow you to deposit cryptocurrency directly to a known ICO address. It’s usually a violation of their terms and conditions, and doing so can result in you losing your entire transfer. Because of this, you will need to have a digital wallet from which to transfer your funds before investing in ICO’s.

#4-Do They Offer Bonuses?

Most companies offer bonuses to individuals who are investing in ICO’s. Usually, the more money you invest initially, the greater return you will get when their token launches. This is a way to reward the heavy hitters who are seeking to make long-term investments into the technology.

ten thing to know before investing in ICO’s

ten thing to know before investing in ICO’s

#5-Do They Solve Problems?

Much of an ICO’s success depends on their ability to solve a problem. Sometimes they seek to fix a real-world problem such as decentralizing the power industry, or sometimes they try to fix a problem with the blockchain by speeding up transaction times.

Before investing in an ICO, you need to make sure that they can be successful in the long run. The most successful ICO’s are the ones that solve problems and benefit both people and the blockchain industry.

#6-Do They Have A Roadmap?

A business without a plan is doomed from the beginning. Before you invest in ICO’s, always make sure that they have a roadmap outlining their future goals and how they plan on achieving them. The more detailed, the better.

#7-Do They Have A Good Reputation?

Before investing in ICO’s, you want to be sure that they have a good reputation. This is the best way to protect yourself from getting scammed by shady individuals who set up proxy ICO’s, and then run off with peoples investments. Because of the decentralized and anonymous nature of cryptocurrency, it’s often impossible to find scammers like this.

#8-Do They Have Any Backers?

One way to gauge an ICO’s potential is to look and see if they have any reputable backers. If the company is recommended by notable figures in technology, the government, or blockchain, then the chances are that the ICO is legitimate and has a decent future ahead of it. Big names usually will not risk tarnishing their reputation recommending bad ICO’s to people.

#9-What Is Their Price Prediction?

This can be hard to tell, but you can usually speculate what the token price is going to be once it hits the market. Of course, nobody can ever put a 100% accurate price on this, but if you look at the charts, graphs, and market cap, then you should be able to make an average prediction of the value of a token in the coming months.

ten thing to know before investing in ICO’s

ten thing to know before investing in ICO’s

#10-Do They Have A New Idea?

Possibly one of the best indicators to look for before investing in ICO’s is if they have a new idea. An ICO can have a great idea, but if it’s been done a hundred times before, then it’s not going to have much chance of long-term success.

 

Sources:

  1. http://bitcoinist.com/renewable-energy-trading-comes-to-thailand-power-ledger-and-bcpg-setting-the-pace/
  2. https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/
  3. https://medium.com/accelerace-family/why-all-startup-founders-should-understand-icos-5829decc695a

Images:

https://pixabay.com/en/cryptocurrency-blockchain-bitcoin-3123849/

https://pixabay.com/en/bitcoin-loss-stock-exchange-profit-3134829/

https://pixabay.com/en/hand-adult-people-business-wealth-3077533/

 

Ups and Downs of the iPhone On the Stock Market

Apple responds to the battery war

To help prevent abrupt shutdowns. This was the official explanation offered by Apple when it became apparent towards the end of last year that an update was apparently not always an improvement, and that the company was deliberately slowing down older iPhones with every new update in order to aid their already struggling batteries and prevent unexpected shutdowns.

The company reacted strongly to allegations, insinuating that older models were being slowed down deliberately in order to drive the sales of newer models. What really seemed to trouble users the most was that the admission only came after Reddit started to notice and blog about the fact that when they replaced their batteries with newer batteries, phones showed better overall performance.

This prompted an investigation by technology benchmarking firm, Primate Labs. Software analysis clearly showed artificial reticence pointing to outside and intentional tampering by Apple. Apple finally conceded, and admitted to having made changes to the way the older models operated after the release of the findings by Primate Labs. They also admitted to having done so without the necessary consent from the phone owners and users.

The company said that it was necessary to slow the workings of older phones in order to compensate for ageing batteries, which could no longer cope with the demands of the new software updates.

The problem with the explanation is the fact that other smartphone manufacturers have not identified the need to do the same, with Apple having identified the need to make amendments to phones that carried batteries that were not even a year old.

Customer Confidence Stock Price Building Bricks

Customer confidence is what ultimately drives the price of a share. It’s this very basic principle that firmly holds together bricks in the wall of the economy. It then comes as no surprise that immense fluctuations are becoming an everyday thing as far as the stock market and the value of Apple shares are concerned.

Apple’s sack of problems recently grew to astronomical proportions as Russia joined the Apple-slamming bandwagon. Two Russian law firms are going at it again in local courts, trying to make a buck or ten out of the manufacturer for the slowing down of phones without the consent of users. Local courts may not strike too much fear into the hearts of manufacturers or the stock market at that, but the problem lies with the negative publicity as well as the fact that court trends tend to spread like wildfire.

The sudden litigation against the manufacturer in Russia follows similar proceedings instituted by law firms in Israel and France, late in 2017. Australia, South Korea and Canada are expected to join the party next.

Apple is no stranger to court cases, but for many users what happens in court is irrelevant. Apple has been late to the party in many ways, with features like wireless charging, already prevalent in other model phones, only now coming to the fore. The lack of progression, and the fact that they have now admitted to slowing down older models doesn’t bode well for consumer confidence, or for their stocks and shares.

Top 5 Most Promising ICOs in January

For experienced investors, ICOs are a great way to receive quick gains. While you should invest at your own risk, there are some ICOs that perform better than others. Give these Top 5 ICO’s in January 2018 a look if you want to engage in the crypto market and potentially make a more on your initial investment.

1: Cedex (CEDEX)

ico cedex

ico cedex

In today’s market, investing in diamonds is a privilege that’s only a few can partake in. It’s hard to obtain and has high barriers to entry due to the fact that mining reserves are held only for people with high capital. CedEX Makes it easier to buy/invest in diamonds by allowing users via Ethereum’s decentralized and well-protected blockchain network. Once you use CedEX, you are allowed in a decentralized diamond financial market. You can invest in diamonds and find out extended information about the diamond you’re attempting to buy. The system represents the diamond’s gem information, gem composite, and allows users to have their diamonds delivered to their home.

Token Sale Information:

  • Payment Method: ETH
  • Pre-Sale: January 16th
  • ICO Sale: April 13th
  • Max Tokens Produced: 100,000,000

 

2: RxEAL (RXL)

ico rxeal

ico rxeal

RxEAL is a digital real estate investment platform that uses Ethereum’s blockchain network to make a more protected way for users to obtain and protect their security deposits. It solves the problem of rental property disputes by offering a decentralized network where both sides of the rental agreement is fully recognized and adhered to.

 

Investors can profit off of RxEAL (RXL) because of its contribution to the real estate industry and due to its low price per ETH. Invest in it if you want to get the lead on the real estate market and have better control over the rental agreements and property protection.

Token Sale Information:

  • Payment Method: ETH
  • Pre Sale: January 5th, 2018:
  • ICO Sale: February 19th, 2018:
  • Max Token Supply: 96,000,000

 

3: Smart City [SRT]

smart city ico

smart city ico

Smart city solves the problem that most modern cities currently face. While they want to become a smart city, they do not have the platform or the technology to help them do so. Smart city (SRT) tokens are used to help these cities by giving them an application filled with a module that helps them build their smart city.

Smart City is a great investment as it allows you to increase the value of your property. Also, you can have control over a smart city network. We recommend this ICO for Real Estate professionals and developers wanting to enhance the quality of their local environment.

Token Sale Information:

  • Payment Method: ETH
  • Pre Sale: January 15th
  • ICO Sale: February 1st
  • Max Token Supply: 100,000,000

4: VIToken [VIT]

ico vimarket

ico vimarket

Experience the new age of virtual reality market trading and 3D environments. Vi Market allows users to experience the product they are attempting to buy via its VR (Virtual Reality) platform. Users can exchange virtual assets such as Virsions using Vitokens (VIT). This is the future of virtual reality 3D areas, and users can purchase the real-life version of the virtual reality item that’s created in its network. Buying this gives you the benefit of owning one of the growing virtual reality networks and can give developers the ability to become virtual marketers and make sales off of their merchandise.

 

Token Sale Information:

  • Payment Method: ETH
  • Pre Sale: Jan 9th, 2018
  • ICO Sale: Feb 14th, 2018
  • Max Token Supply: 250,000,000

5: Restart Energy (RED)

restart energy ico

restart energy ico

As of now, the energy industry has too many intermediaries, too much taxes, and unnecessary costs. Restart Energy is a private growing energy and gas growing provider whose purpose is to provide a decentralized energy market for its investors. Restart energy uses RED tokens which are used as energy and grows as the ICO progresses. When investing it, you’ll gain access to a global energy supply, watt prediction software, and franchise opportunities for token holders.

 

Token Sale Information:

  • Payment Method: ETH and BTC
  • Presale: January 15th
  • ICO Sale: February 14th
  • Max Token Supply: 500,000,000

 

Conclusion

To conclude, everyone should try these ICOs out before the pre-sale occurs. This will help you get the most out of each coin and receive profits if it moons in value. Remember, invest at your own risk and research the ICOs that are the most beneficial to get the most out of it!

 

Sources:

  1. https://restartenergy.io/Restart_Energy_Whitepaper.pdf
  2. https://paymentweek.com/2018-1-8-origintrail-unlocks-blockchain-global-supply-chains-announces-january-ico/
  3. https://vimarket.io/data/ViMarket-Whitepaper.pdf?ref=1515318699
  4. https://storage.rxeal.com/public/RxEAL_White_Paper.pdf
  5. https://cedex.com/img/Whitepaper.pdf

 

Bitcoin Private: A Cryptocurrency Review

When Bitcoin was developed, it had problems in regards to privacy and transaction speeds. While its possible to create privacy-centric elements to it, it’s not easy and requires a hard fork for it to happen. Bitcoinprivate is a hard fork between Bitcoin’s algorithm and Zclassic’s advanced privacy features. Specifically, it will use z-snarks to remain private. We’ll introduce you to this new cryptocurrency and how you can benefit from using it today.

bitcoinprivate

Bitcoinprivate

 

What are The Advantages and Disadvantages of BTCP?

Peer-to-Peer Network

Bitcoinprivate is a peer-to-peer network that specializes in private and decentralized transactions. As a result, there are no intermediaries needed to when conducting trades with this coin.The transactions are verified via nodes before they are sent to miners for their approval. Since it has a larger block size, and peer-to-peer capabilities, it’s designed to scale. This means that the more users who are on Bitcoinprivate’s network, the more effective it becomes.

Fair Start

Some new cryptocurrencies are premined, which can leave new users at a disadvantage. Bitcoinprivate is released in a fair manner for its entire userbase. The coins will be sent out on a 1:1 basis to ZCL (Z-Classic) and BTC (Bitcoin) holders.

Open Source

Plus, bitcoinprivate’s codebase is open for verification and viewing by everyone. This allows for experienced programmers to find existing problems within its system, and fix and create changes within them. Rest assured that Bitcoinprivate will be maintained protected by an ever-growing community.

Block Size

Its main disadvantage is its large block size. Even though its block size is 2MB (in comparison to BTC’s 1MB block size), this means that it will take longer for miners to process it. The larger block size will take up more bandwidth, which can lead to more energy costs in the long run.

 

How to get BTCP?

How to get BitcoinPrivate

How to get BitcoinPrivate

There are two ways that you can obtain BTCP. Since it’s not currently out yet, investors will have to buy it via obtaining Z-Classic. Due to its 1:1 token distribution ratio, if you own 15 Z-classic, you’ll have 15 BTCP in your wallet after the fork takes place. Right now, you can buy ZCL through Cryptopia, Bittrex, and Coinexchange.io. Alternatively, you can mine some ZCL to obtain some BTCP. Make sure that you install Zclassic’s official desktop wallet to ensure that you’ll receive BTCP after the fork. For more info go to: BitcoinPrivate site

 

What makes BTCP So Special In Comparison to BTC and BCH?

Here is a table that highlights the difference between the three main cryptocurrencies:

 

Fork Compare Bitcoin Private (BTCP) Bitcoin (BTC) Bitcoin Cash (BCH)
Max Supply 21 Million 21 Million 21 Million
Privacy Z-snarks (Zero Cash) None None
Block Size 2 MB 1 MB 8 MB
Block Interval 2.5 Mins 10 Mins 10 Mins
Replay Protection Yes No No
Difficulty Adjustment Each Block 2 Weeks 2 Weeks

 

Now, we can see the noticeable differences between Bitcoinprivate, Bitcoin, and Bitcoin Cash. While it does have a larger block size than Bitcoin, it has the highest level of privacy out of the three. Because of that, users should look into Bitcoin private as it provides a safer network that conducts faster transactions and keeps each user’s information protected while it’s in use.

 

Conclusion

What makes Bitcoin Private so special? Not only is it forked by Z-cash, one of the most private cryptocurrency networks in the market, but it’s also backed by Bitcoin’s existing algorithm. This means that it is a reliable coin to invest in due to its owner’s previous history, and its future growth potential. Do you have any additional questions regarding Bitcoinprivate?

Tell us in the comments below.

 

 

 

Sources:

https://btcprivate.org/

https://www.influencive.com/bitcoin-hard-forks-bitcoin-private/

http://cryptocurrencyfacts.com/2017/12/28/bitcoin-private-fork-zclassic-bitcoin-fork/

https://www.finder.com.au/zclassic-from-2-to-218-says-the-upcoming-bitcoin-private-fork-may-be-a-success

https://themerkle.com/what-is-bitcoin-private/

 

litecoin development december 2017

Litecoin: What is it?

Litecoin is an alternative cryptocurrency that’s made to that’s based on Bitcoin’s model. Since it’s decentralized, Litecoin is not controlled by banks or any central authority. This makes it easier to trade internationally and receive it faster than fiat currency. The coin was developed to be the “silver” in comparison to Bitcoin’s “gold”. It’s gained a lot of popularity since its development. Also, Litecoin was developed to improve on Bitcoin’s flaws (slow transaction speed, blockchain issues, etc).

Continue reading to get an in-depth analysis on Litecoin’s history and how it became the popular coin that people know today.
Advantages and Disadvantages

Before we go further, here are a few pros and cons associated with Litecoin:

Pros:
• Less volatile during market drops and crashes
• 84 Million Total Supply
• Supportive Community
• Faster network Than Bitcoin resulting into faster transactions
• Supports all hardware wallets

Cons:
• Less market capital than Bitcoin
• Not recognized as much as BTC/ETH

Transaction Processing Speed
With Litecoin, you don’t have to wait as long as you would with Bitcoin to complete a transaction. On average, you’ll spend at least 2.5 minutes to complete a transaction. Bitcoin, takes 9 minutes per transaction, making it harder to use when more users are on its blockhain.

For example, a merchant would have to wait at least 4 times more if they want to sell their services on Bitcoin. Using Litecoin, they can accept transactions without waiting at all. Because of this, its used for merchants who sell international products and want to receive the most profits.
Protection
Think about your current portfolio, when you first invest in Bitcoin, you’ll be exposed to multiple market corrections. When having some Litecoin, you’ll have a more diverse portfolio that won’t be subjected to failure once a crash occurs.

Scrypt Based Mining
Unlike Bitcoin, Litecoin’s currency is backed by a Scrypt based mining platform. Bitcoin uses a Application-Specific Integrated Circuits (ASICs) type of mining where complex hardware and a computer with a good GPU or CPU is needed.

With Scrypt mining, users can quickly mine Litecoin without much difficulty. While companies have developed an ASIC based program for Scrypt, you can still mine Litecoin at a faster rate than you would with Bitcoin or other SHA-256 based cryptocurrencies.

History Summary of Litecoin
Litecoin started as a peer to peer based cryptocurrency in 2011. It was founded by Charlie Lee, who was a former Google employee at the time. Litecoin is a hardfork on Bitcoin’s previous blockchain as it has a higher maximum coin supply, modifided GUI, and a faster block generation time (2.5 minutes).

As of now, Litecoin has a current market capital of $16 million dollars. The cryptocurrency has increased in value since its development by up to $305 a share. Litecoin is ranked #5 within the cryptocurrency market.

We suggest that you look into Litecoin if you want a modest cryptocurrency who has good growth potential and the ability to stay stable. While it’s hard to predict the market, rest assured that Litecoin is here to stay.

Where Can I Obtain Litecoin?

You’ll find it easy to obtain Litecoin as it can be either traded via exchanges or collected via mining. Plus 500 is a reputable online broker that allows users to buy and sell Litecoin as if it was a regular stock option.

We have a tutorial to help new users obtain Litecoin, but that will be explained further in another article. Give it a look if you want a good alternative to Bitcoin and a better opportunity to obtain gains within the future.

Closing Remarks
What’s the future for Litecoin? We expect that it will still remain stable despite the hectic highs and lows within the crypto market. Thus, if you do plan on investing in this coin, take some time learning the proper investing techniques so that you are well informed and make the right decision.

Stay tuned for our next part in out Litecoin Series. We want to help you understand Litecoin fully so that you can make the right decisions and potentially make some earnings with this innovative addition to the cryptocurrency market.

Do you have any questions or concerns in regards to Litecoin?

Share your responses in the comments below.

 

litecoin development december 2017

Litecoin’s Development: How Did it Perform This December?

Litecoin development has been a trending topic amongst the crypto community. In fact, Litecoin’s prices and value has skyrocketed amongst its peers. We’ll discuss how its rise in December happened and give insights on why you should invest into it.

litecoin development december 2017

litecoin development december 2017

 

Price Analysis

litecoin development decemember2017

litecoin development decemember2017

Litecoin’s value increased dramatically during December. According to CoinMarketCap, it’s the fifth largest cryptocurrency in the world. Since its development in 2008. Litecoin has gained a huge following and a market value of over $15 billion dollars. When it comes to litecoin development, its price value raised from $4 from the beginning from the beginning of the year to an all time high of $322.

Litecoin increased by 2,950% in value! Due to the market corrections that have been occurring during the past weeks, Litecoin has still remained stable and still retained its user base. Right now, its valued at $256 per coin. So if you look at the whole year performance, Litecoin is still in a bullish trend.

 

Bubble Concerns

Market analysts and observers have voiced their concerns on cryptocurrency. They believe that the current Litecoin development has reached a bubble and won’t exceed its value. Many cryptocurrencies increased in price during December. Litecoin development throughout this month provide substantial evidence against the assertion that the prices of these cryptocurrency assets have inflated.

While developers alleviated most concerns that analysts expressed, others aren’t fully convinced. 64% of institutional investors believe that Litecoin’s market bubble will burst by the beginning of 2018.

 

Litecoin Founder, Charlie Lee Sells All His Coins

charlie lee litecoin creators

charlie lee litecoin creators

Charlie Lee, the head developer and creator of Litecoin had recently sold all of his coins. He “sold and donated” his coins to prevent a conflict of interest. His reasonings behind his actions was because he wanted to ensure long-term growth for litecoin development and its network.

He stated “Litecoin has been great for me, so I don’t have to financially tie my success to Litecoin’s success,” Lee stated. “I do not own a single LTC since the six years I’ve started collecting it”. Other than some collector coins, he has completely removed his holdings of the coin.

This isn’t uncommon for cryptocurrency leaders and founders to publically announce their divestment. For instance, Bitcoin’s founder Satoshi hasn’t come in public view and still remains mysterious today. For investors, Lee’s decision will create a drop in the value of Litecoin. However, for future litecoin development, we can expect to see a large rise in value. If you want an alternative to Bitcoin, then you should learn how to trade Litecoin today.

Is It A Bear or Bull Market?

As of now, analysts believe that Litecoin is showing signs of a bear market. Mike Novogratz, legendary cryptocurrency trader and founder of Galaxy Investment Partners, states that Litecoin doesn’t have the same buying opportunity as Bitcoin.

Another theory that occured was that Coinbase users are actively buying litecoin due to its “cheap” price. Users think that it’s a cheaper option in comparison to ethereum and bitcoin, two other cryptocurrencies that’s offered in the platform.

 

Advantages of Investing in Litecoin

Even though Litecoin is viewed as a bear market, it’s still a great time for people to invest in it. Here are a few reasons why new traders should get involved with Litecoin.

Easier Mining Process

Both Litecoin and Bitcoin share the proof of work (user verification to complete a transaction), but the cryptocurrencies have two different algorithms for their separate blockchain network. Litecoin’s mining algorithm is easier to use than Bitcoin. This means that it can be mined on regular computers while using less energy. Usually, mining operations worldwide take a large amount of electricity and there is a shortage of high quality mining graphics cards for mining rigs.

Faster Block Generation

Another reason why you should invest in Litecoin is because of its fast block generation. Litecoin takes only 2.5 minutes while Bitcoin takes 10 minutes to successfully execute a block. Put simply, Litecoin transactions are four times faster than Bitcoin and has lower transaction fees.

For investment reasons, Litecoin is a great alternative as users can buy or sell the currency without paying as much as they would if they were to trade with Bitcoin.

What’s Next?

Swings will occur, but Litecoin is one of the few cryptocurrencies that can’t be defined by its price swings. When thinking about the future of Litecoin, it should be defined by its usefulness and relative stability. The future for litecoin development is bright as it shows no sign of stopping. Thus, you should consider investing in Litecoin as it offers a myriad of long term benefits (faster mining, easier transactions, and a relaxed community).

If you’re new to trading, use Plus 500. It has over ten years of service and will help you trade without compromising your income or savings. We encourage you to start trading so that you can capitalize on the dynamically growing cryptomarket. You can practise trading Litecoin for free by clicking here: Demo account

 

 

 

 

 

 

 

ico

What is an ICO: A Detailed Explanation of Crypto Investments

ICO Defined

An initial coin offering (ICO) is a form of crowdfunding that only uses cryptocurrency. They are used to give capital to growing startups. ICOs are created when a startup pre-allocates their own cryptocurrency (referred to as tokens) to investors. Investors can buy for the tokens with popular cryptocurrencies such as Bitcoin and Ethereum.

You’ve probably heard the term before, but there are some ICOs within the few years that have gained popularity and have been used by investors worldwide. Ethereum is a prime example a popular ICO that’s been created. Back in 2014, it raised up to $18 million in BTC, which is about 40 cents per ether. After a growth spike, Ethereum now has a market capitalization of $63 billion and traded at a price of $660 per coin. One ICO gained $150 million in funding within three hours, and over $1.3 billion raised overall in this year alone. ICO sales have doubled from about 1.5 sales a week in 2016 to over 2.75 in 2017.

 

 

ICO History

The first cryptocurrency that has been funded via an ICO was Ripple. In 2013, a company called Ripple labs developed the Ripple Payment System and made about 100 billion XRP tokens. Afterwards, the company sold the tokens to aid in developing Ripple’s platform.

There have been several extra cryptocurrencies that were funded by ICOs. For instance, Mastercoin was made with the purpose of tokenizing Bitcoin and to execute smart contracts.

Recently, there are over 400 ICOs within the cryptocurrency market. This image shows the amount of percentage of categories that ICOs are invested in. Due to its flexibility, ICOs can be used for almost anything!

ico

ICO

 

Advantages

Many analysts believe that ICOs are perfect for those wanting to receive long-term profits. Here are some advantages that make ICOs a worthwhile investment.

 

Token Liquidity

As long as the cryptocurrency exchange remains functional, tokens are more liquid than traditional stock trading options. Crypto markets are transparent. This means that you can see the asset price of your ICO token in real time.

With stock options, you can only trade during the weekdays. But what if the value of your stock decreases highly during the weekend? This can be dangerous if you leave your account on for too long, and you’ll be unable to sell the stock when it reaches too low.

With ICOs, you can sell and trade them for different tokens at any time! While cryptocurrencies is a volatile market, it allows you to exit and close positions whenever you need it. Because of this reason alone, ICOs have more liquidity than fiat currencies, forex trading, ETFs, stocks, and commodities.

Low Price

One of ICO’s main advantages is that each of the tokens can be bought at a low price. Most cryptocurrency exchanges begin to sell these new ICO tokens for profit once their project starts showing signs of completion.

For example, Ethereum tokens have increased in value in a large magnitude. Analysts have noticed its growth from 3 to a $698 within 3 years. When you invest in ICOs, you have the chance of making a large profit if your coin starts to increase in value dramatically.

 

Disadvantages

Still, some skeptics are still apprehensive about the future developments of ICOs as a market and as a trading option. Here are some disadvantages that you should look into before you begin trading.

Project Uncertainty

When you invest in ICOs, you’re taking a risk. Most of these projects aren’t fully completed, yet investors buy ICO tokens to increase the chance of the project becoming successful. ‘’

On most occasions, ICOs have a whitepaper or some code to show what the project will look like once it is finished. But, there isn’t a guarantee that the project will ever reach its final stage or have the mainstream appeal to be used by millions of new people.

You’ll have to understand that there is some risk associated with ICOs. It can take years until there is an actual market for the token you placed your investment on. Remember, invest with risk and only on the ICOs that you believe are great for long-term growth.

 

No Reimbursements

Backers only have a financial stake in the ICOs they invest their capital in. However, they are unregulated and unregistered within the cryptocurrency exchange market. This means that you won’t be reimbursed if the project fails or is discontinued.

This is a small issue that most investors tend to overlook. Fortunately, it’s becoming less of an issue because smart contracts can be used to lock ICO funds to increase the legitimacy of each project.

 

How to Buy an ICO Token?

First, you have to conduct proper research before buying any ICO token. Look at it and ask yourself the following questions

  • How many backers are funding the token?
  • Does the company seem normal or are they showing signs of a scam?
  • How much am I willing to invest in this ICO?
  • Where can I see this ICO being used outside of its token?

 

Once you find the answer to these questions, start investing in the ICO that appeals to you the most. Following these steps will ensure that you’ve made a safe investment and will help you determine the good ICOs from the ones that show no signs of growth.

 

Conclusion

Overall, ICOs are good for long-term traders who have faith that the cryptocurrency market will grow. While not all ICOs are made equal, you can gain a lot by dedicating time, research and a bit of income in it. To conclude keep applying your investment strategies and skills to make sure that you gain the most returns from ICOs by becoming a well informed and careful investor! For research purposes keep an eye on 101trading.co.uk. We are going to publisch alot of content about ICO this coming year.

 

Sources:

  1. https://www.coindesk.com/token-sales-compelling-advantages-real-risk/
  2. https://techcrunch.com/2017/09/19/the-technology-benefits-risks-and-regulatory-measures-that-you-need-to-know-about-icos-now/
  3. http://www.chaineum.com/blog/benefits-of-an-ico-over-traditional-investment
  4. https://themerkle.com/cryptocurrency-icos-advantages-vs-disadvantages/
  5. https://coins.newbium.com/post/6116-benefits-of-ico-initial-coin-offering-creates-wa
  6. https://www.investitin.com/crypto-ico-pros-cons/
  7. https://www.huffingtonpost.com/entry/ico-pros-cons-cutting-through-the-noise_us_595b7f22e4b0c85b96c6646e

 

 

 

 

 

How to trade risk free with Plus500

When you are just starting, you want to trade as risk free as possible. Of course trading with real money and real deposits always has some kind of risks to it, but at least you can get an edge with trading that will help you profit more than you lose. In this article I am going to explain how to trade risk free with Plus500.

Risk free?? I thought that wasn’t possible in the trading market

It isn’t actually, but thankfully Plus500 provides you with a demo account with free demo money to practice on. This is totally risk free, because you cannot lose money.

Where to get the demo money?

This blog explains to you how to get the demo money by using the webtrader. This tutorial will also explain how and when you’re able to withdraw your bonus money.