Will Bitcoin Remain King by 2020?

Bitcoin was the first cryptocurrency to see the market and has been going strong since its release in 2009. Now, it is one of the most widely known forms of cryptocurrency, famous after its explosion at the end of 2017. Stories of those who were able to get rich, buy houses, or even retire after making Bitcoin investments have been in the news in full force since that explosion. For those who are not familiar with the cryptocurrency market, it seems that Bitcoin is going to remain at the top of its class for years to come. However, there are a number of existing and emerging coins poised to take the lead.

 

Knocking Out the King

As of mid-August 2018, there were over 1600 forms of cryptocurrency, with the list constantly growing. Anyone can release a coin at any time, which only adds to the competitive market. Of course, not all forms of cryptocurrency are competing to be the next Bitcoin. Some, like Dogecoin, prefer to quietly live in the background. Others, such as Litecoin, are more aggressive, and seek to attain the same use, adaptation, and interest as Bitcoin.

Companies that are competing to knock the king out of first spot tend to compete against Bitcoin in all respects, including the ability to spend the coins in a practical sense as well as being a wise investment tool. Litecoin, for example, has been trying to partner with other global companies to facilitate easier payment for goods in crypto-coins without the need to transfer them to fiat currency.

Other companies compete against Bitcoin by comparing market performance and stability. It is no secret that Bitcoin is a volatile form of currency, with prices that fluctuate dramatically on a daily basis. The value held in the morning may be completely different from the one held in early afternoon, which can scare away many mainstream adapters. Coins like Ethereum aim to be slightly more stable, offering investors a bit more security. Stable coins, a form of cryptocurrency that has its value tied to something more “stable” like the US dollar or gold, are also trying to get into the market by taking advantage of features that Bitcoin lack.

 

Which Coin Could Throw the Killing Blow?

At the moment, it is impossible to predict which coin is going to be the one to deliver the killing blow. There are numerous ones already on the market that are in a good position to do so. These include:

Litecoin

As mentioned, Litecoin does have its sights set on becoming the next Bitcoin. It was created in 2011 and was one of the first cryptocurrencies to be released after Bitcoin hit the market. The technology was designed to be an improvement on Bitcoin, with faster processing times and similar fees. Litecoin has also reached out to numerous merchants, encouraging them to accept the coin as payment.

 

Ethereum

This coin was released in 2015, and while it does aim to be the next Bitcoin, it has slightly different goals. Ethereum is not a cryptocurrency that has any ambition to function the same way a fiat currency does. This means that there are no plans to reach out to merchants or have Ethereum widely accepted as a payment method. The reason Ethereum could be the player that knocks out Bitcoin is that it has rapid fast transactions and wants to be the cryptocurrency people go to for investment purposes. While it cannot compete in terms of market use, it may exceed Bitcoin as an investment vehicle.

 

Dash

Originally known as darkcoin, Dash seeks to offer its users a lot more privacy. While it does not have nearly as big of a market share or brand recognition, it is steadily growing in popularity. Transactions are virtually untraceable, giving users almost pure anonymity when making exchanges using its platform. This is an improvement on Bitcoin’s pseudo-anonymous structure.

 

Knocking Bitcoin out of the top may be a lot easier than it seems. While the coin has established a lot of credibility in recent years, other coins have successfully traded off of that respectability. For example, Litecoin has been considered a reputable coin simply because it functions in a way that is similar to Bitcoin. While Bitcoin did enjoy a great run, its popularity and position as market leader simply cannot last. As with traditional currency, not all coins can lead the pack forever.

So it’s best to follow all the latest cryptocurrency news and follow all the latest trends that will help you make up your mind.

Featured Photo by Pawel Janiak on Unsplash

Five Tips for Investing In Cryptocurrency

Bitcoin news has been everywhere in recent months and it certainly has gotten a lot of people talking. It does seem as though more people want to invest and trade in cryptocurrencies and it’s easy to see why! However, many newcomers come into this without knowing a few of the basic facts and end up losing everything they have to invest with. It’s time to learn a few things about investing with cryptocurrencies so that you can make life easier for yourself and your investments! The following are five tips you might want to think about when investing.

Understand What Cryptocurrencies Are and How They Work

Despite what you might think, you need to understand a few things about cryptocurrencies, especially the ones you are investing in. why does this matter? Well, if you don’t know what you are investing in, you are more likely to lose everything and you really don’t want that. It’s very important to take a moment out to stop and read up on cryptocurrencies and your chosen currency in which you’re also investing in. Far too many investors don’t do this and end up losing a lot. You need to look for the best cryptocurrency to invest in as well as understand how it all works. If you do this, it will be far easier to invest.

Five Tips for Investing In Cryptocurrency

You Must Be Patient

It is very unlikely you are going to make millions within 24 hours! A lot of investors believe they will make lots of cash in a few hours but, in reality, that is very unlikely. You might read a lot of stories online but it’s likely only one out of a thousand is true. You have to invest in your currency and then wait for the right time to sell and make a profit. For some, they have to wait months to see a rise in their profits and, for others, considerably longer. You have to play the waiting game and, while you might not like it, it’s the catch with cryptocurrency investing. Bitcoin news has been positive of late but again, you have to keep up to date with the latest news.

Open an Online Wallet

If you are investing in cryptocurrencies, you will need an online wallet. This is to simply hold the investments or return so that you have somewhere to store your return. If you are using one or several investment platforms, you should be able to use the same online wallet. However, when you want the best cryptocurrency to invest in, you have to ensure you choose a safe outlet when it comes to your online wallet.

Invest Small to Begin With

Far too many people start off by investing thousands of dollars in one go and that’s a very risky move. Yes, you want to make money but when you are just starting out, you are more likely to see a loss. You have to be smart and invest small to begin with. This may sound boring but it’s smart and it can hopefully avoid you losing a lot of money on your first or second attempt. Bitcoin news is good to keep an eye over but you can’t just rely on putting all cash into one avenue.

Stick to One Cryptocurrency

A lot of people say split your money up and invest in many different currencies but that is not suited to everyone. Sometimes, you are best sticking to one cryptocurrency until you are experienced with this type of investing. It can be a lot easier to get a handle of and it can make life a little bit easier in many ways. You want the best cryptocurrency to invest in and sometimes sticking to one investment avenue is a lot better than jumping from one to another or having several investments going at once. Continue Reading..

Can You Create a Fortune via Bitcoin Mining?

Have you heard the bitcoin news today? More and more are keeping up to date with the latest bitcoin news as it soars to become the number one cryptocurrency. Over the last few years, the popularity of bitcoin has increased and it seems as though more are choosing to invest in it as well. However, there are many who are interested in learning whether or not bitcoin mining can still be profitable in today’s world? Is it possible to create a fortune via bitcoin mining?

You Must Do Your Homework with Bitcoin Mining

While there are possibilities to make money with bitcoin, there are no guarantees. People seem to think if they put a little money into one adventure it will pay off instantly but that’s not always the case. If you want to make money, never mind a fortune with bitcoin mining, you must learn about it. You need to understand what cryptocurrencies are and how bitcoin works. You need to keep up to date with bitcoin news and just do your research as to what’s involved with bitcoin mining.

Can You Create a Fortune via Bitcoin Mining?

Understand You Won’t Become a Millionaire Overnight

It’s important to understand that while you can potentially make a fortune with bitcoin mining, it’s very unlikely you will become a millionaire overnight. A lot of investors and miners think once they get into bitcoin they’ve made their fortunes but it doesn’t always work like that. It takes a lot of hard work and patience to see any results come your way. If you are not prepared for that then you are in the wrong business! You have to understand making a profit takes time and it’s not going to be an overnight thing. Learning about bitcoin news today is good because it can enable you to understand how well this market is going and what potential moves to make and when.

Bitcoin Can Be Profitable If You Are Patient

Profits are possible to find with bitcoin mining but having said that, it takes a lot of time and patience to actually see those results forming. Yes, it’s not what you want to hear but you have to understand the facts so that you don’t set yourself up for a fall. What is more, you can’t just put all your eggs into one basket and assume you’ll make a fortune. Bitcoin news right now is positive but again, with bitcoin mining, you can’t just assume you’ll earn big bucks! You have to be patient and watch the news carefully so that you start to see your profits rising.

Making a Fortune

Bitcoin mining is fantastic and it does seem as though more and more people are looking to this avenue than ever before. However, what you have to remember is that if you are patient and do your homework, bitcoin mining can actually be a nice and profitable avenue to look into. That will make all the difference in the world and certainly it’s a good thing to know too. Keep up to date with the latest bitcoin news today and hopefully you will see your fortune rolling in soon. Get more details here www.cryptbay.today

Why Should You Trade in Cryptocurrency

Cryptocurrency news is something on many minds today. It seems as though thousands more people are interested in cryptocurrencies and what they can offer—and, in truth, you can’t blame investors for looking at this either. There is a lot of potential and promise when it comes to cryptocurrencies and it’s very important to get to know these a little better. However, is it really the time to trade in cryptocurrencies? Why should you trade in this today? Read on for more information.

Little or No Fees

In truth, it can be very cost effective to trade with cryptocurrencies simply because the transaction fees are incredibly low. That is not only ideal but certainly very useful for those who are looking to start off their trades with little cash. What’s more, having the ability to save money on transactions enables you to start off trading with a limited cash source which is useful to say the least. Right now, the bitcoin price in incredibly good and since there are no high fees tied in, it’s more appealing. Sometimes you might not even pay any fees.

Why Should You Trade in Cryptocurrency

It’s All Done Online

Since everything is done online, it can be far easier to understand. As we all know, trading takes time and when you are trying to make a move fast, you can’t be slowed down by anything, especially when the trading floor is closed. However, with cryptocurrencies you don’t have to worry about any of those things, you can do every trade online and whenever you want. Being able to get simple access to trade is important and it’s a lot easier than you think too. What’s more, you can keep up with the latest cryptocurrency news and learn when the best times are to trade! This is why it’s time to trade with cryptocurrencies. It’s quite a useful concept and certainly something more people enjoy too.

Convenient and Potentially Profitable

Let’s be honest, trading is a good investment at the best of times and while it doesn’t always pan out, it can certainly offer some good returns. It’s not always easy to invest or trade in stocks, bonds and other things as you have a lot to concern yourself with. It’s hard to make the right move and for most people, they fail miserably. However, with cryptocurrencies, whether it’s the bitcoin price or eth prices, you can learn in a more effective manner and trade better too. It’s far more convenient to trade online and it’s potentially very profitable as well. You will need to do your homework, however, before you trade.

Trade Wisely

Have you thought about trading cryptocurrencies? You might not have given it much thought and yet it can be a really useful solution for those who wish to make money. It’s no guarantee you will make a profit of course but if you are wise and make the right moves at the right time, you never know the outcome! Keep updated with the latest cryptocurrency news and hopefully you’ll be able to trade soon. For more information read here https://www.forbes.com/sites/dbloom/2018/05/26/blockchain-investing-tips-media-entertainment-advertising/#5e437f072f5d

Which Is The Best Cryptocurrency To Invest In?

Cryptocurrency news has been on the minds on many today and for good reason. Crypto or virtual currency is highly sought after as there are many who can make a profit from buying and selling these currencies. You cannot blame people for wanting a simple way to invest and it does seem as though more are choosing cryptocurrencies. However, which currency is the best to invest in and how can you make your investment pay off?

Bit Coin Remains the Popular Investment Choice

In truth, Bit Coin is one of the most popular investment options today when it comes to virtual currency. The company has been around for a number of years now and it seems as though the investment option is steady still. This is a highly appealing avenue to explore when it comes to investing and it seems as though the investment potential is pretty good. The best cryptocurrency to invest in can vary from investor but Bit Coin does seem to be the most popular choice at the moment. It’s important to understand that investors need to know what they’re getting into before they make a choice over investing.

Know the Current State of Virtual Currency

If you are interested in Bit Coin or indeed any other currency, you have to know what its current value is and what it’s going to cost to invest in it too. When you know these things you can potentially make it all far easier to invest in wisely and with a bit of caution too. If you don’t know too much about virtual currency then you will struggle to invest wisely and that’s cause for concern. Learning all there is to know about cryptocurrency and the latest cryptocurrency news can be so important. Knowing the basics will also help you to invest wisely. Learn more.

Keep Informed Of the Latest Cryptocurrency News

When you have made your first investment, your job is not over; you have to keep informed of what’s going on. Virtual currencies and their values change all the time and if you are not too careful you could lose everything you have. It’s very important to take a little time out to keep yourself informed of the latest cryptocurrency updates so that you can buy and sell at the best time possible. The best cryptocurrency to invest in might not be the most obvious one but you still have to know what’s going on. If you want to succeed, you need to keep up with the news.

Invest Your Money Wisely

You have to do what you can to ensure you invest with a sense of caution and care. Yes, anyone can invest but only the best investors can succeed. It takes time to see returns on your investments but you can never tell just how good or bad those investments are going to be. You never know, your investments might pay off really well! Keep up to date with the latest cryptocurrency news and hopefully you’ll make a good investment option. For more information visit: https://www.cryptbay.today/cryptocurrency-market/