Investment into the Cryptocurrency 2018. Step-by-Step Instruction

investment instruction

“We need to invest,” often comes from both wealthy people and the middle class. No matter how big a person’s salary is, when hearing the word “investment”, they automatically have green dollars in their eyes, like characters from the cartoon “Duck Tales”.

Let’s find out if it is actually possible to become a successful investor from scratch. And also not a simple, but a cryptocurrency one. Today we will pass the way of a novice investor into such a “high-level” sphere as digital currencies.

Contents:
(please click the topic to scroll down to it)

  1. Step 1. Understanding how to invest and minimize risks
  2. Step 2. Is it profitable to invest into cryptocurrency in 2018?
  3. Step 3. Options for earning on cryptocurrency
  4. Step 4. Choosing the best and most promising currencies for investment
  5. Step 5. Monitoring forecasts and expert opinions
  6. Conclusion

Step 1. Understanding how to invest and minimize risks

Before diving into the cryptocurrency world completely, you need to evaluate your chances and study the features of this sphere.

Why cryptocurrency?

  1. Popularity. You need to earn on what is at the peak of popularity and demand.
  2. Volatility of the rate. In simple words, this is a quick result, which will be available for days and even hours, not years or months. The situation on the cryptocurrency market is changing very quickly.
  3. New opportunities. Tokens are created with such frequency that it is not a problem to choose what to earn on.

If you have already firmly decided to connect your destiny with digital money, then we will go further, but before that you must realize that cryptocurrency has both advantages:

  • anonymity of transactions (forget about taxes and control by the state),
  • decentralization (no one except you decides the fate of your investments),
  • the absence of inflation (this is not fiat money, cryptocurrency is issued in limited quantities),
  • no cryptotwins (it is impossible to copy digital currency).

And disadvantages:

  • no one regulates anything, and therefore no one is responsible for the safety of your investments in electronic wallets,
  • it can actually be banned in your country, and then such activities will be outlawed with all the ensuing consequences,
  • do you remember us talking about volatility and quick results? So it can be negative – you invested $100 an hour ago, and some time later you only have $50, and there’s simply no one to complain to about it.

If you are a fearless optimist or a clever realist and yet want to invest into cryptocurrency, let’s dive deeper.

Step 2. Is it profitable to invest into cryptocurrency in 2018?

Investing into Bitcoin would have been much more profitable in the autumn of 2017 than in 2018. But who knew, who knew? Therefore we cross fingers and hope that the world’s #1 cryptocurrency will show how it can surprise. But wait, what if you do not have the means to buy Bitcoin? How to buy cryptocurrency then? In such case it is worth considering more budgetary, but no less promising options. Every day The Coin Shark releases articles both with a description of popular cryptocurrencies and reviews of startup tokens. Nobody will ever tell you what to invest in. This is only the matter of your choice and a good analysis of the risks and prospects of investment in the cryptocurrency. This is the only way to learn how to “feel” the changes in the market and not be surprised about the drastic rise or fall. Although, cryptocurrency can sometimes surprise even the most tactical analysts.

Step 3. Options for earning on cryptocurrency

You can enlarge your investments in different ways, but these are basically the main ones:

1.Mining

Our patience and your time will not suffice to tell you here and now about all the ways of mining. If you do not even suspect that we have already written for you about all of this in the article “What is mining?“. Then we talked about the popular programs for mining in 2018 and created the material “The most popular pools for mining cryptocurrency in 2018” for the people advanced in this topic. For those who know what cloud mining is, we described the most popular cloud mining services.

Choose and study carefully the most interesting direction for you. As for the opinion of the editorial board on this method of making money, it is definitely:

  • you must be technically versed in the process,
  • be ready to invest in equipment,
  • understand that mining’s being popular today doesn’t mean it will be in demand tomorrow.

2. Trading on exchanges

If your favorite movie is “The Wolf from Wall Street”, then you have come to the right place. However, the fact is that tokens do not like negligence when working with them. You need to understand: if you decide to trade, study the product. In any case, including cryptocurrency, you need to understand what the object of trading is and how it behaves. Can this or that cryptocurrency in your investment portfolio grow or fall drastically? And if it fell, then how quickly will it recover? To understand this, you need to know the history, monitor graphs and understand the technical nature. If you still think that Ethereum and Bitcoin are the same things, then stop reading this and study the topic again.

3. Storing cryptocurrency in the wallet

This method is not for lazy people, it’s for thoughtful ones, these are the so-called “long-term investment in the cryptocurrency”. In fact, you do nothing, you buy a profitable token and wait for its growth. Everything seems pretty simple. However, it is important for this method not only to be able to choose the object of investment, but also to have an electronic wallet. This is important in our time, because hacker attacks are far from stopping.

4.Investments in ICO projects

Only the news about scum appear more often than news about hacking. It is impossible to count how many unlucky investors have already fallen into the clutches of swindlers. And no matter how many portals write that almost half of all existing projects are scams, people still continue to invest. It’s not always true that projects become scam on purpose, it happens, they simply can not realize their idea to the end. Whatever it was, here applies the same rule as with trading – studying.

Step 4. Choose the best and most promising currencies for investment

We have recently written about new and prospective tokens that launched in 2018. There are a lot of such materials today, but it is highly unlikely that someone will tell you what kind of cryptocurrency will grow and 100% “skyrocket.”

Step 5. Monitor the forecasts and opinions of experts

There is no such concept as “the most promising cryptocurrency in 2018”. There are always a few of them, and experienced investors understand this.

These days experts point out both known tokens and newcomers. Investors allocate Ripple and EOS as tokens popular for investing, which occupy the 3rd and 5th place in the CoinMarketCap rating respectively. Among the little-known ones, the positive opinion of analysts belongs to Cardano and Verge.

Conclusion

“Investing” is not just being thought out and oriented towards passive income. You can increase your capital only if you know how to do it. You can learn from experienced traders or miners, but, in any case, everything comes with experience. If you decide to dive into the world of cryptocurrency and become a “shark” of this business, be prepared to learn a lot and give up your time and money. It is up to you to decide. However, the main thing is: adhere to the rule of wise investors – invest exactly as much as you are ready to lose.

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Akon: Nobody Knows What Cryptocurrency Is, But It Doesn’t Mean You Should Not Invest Into It

akon talks crypto

The famous American rapper Akon, the author of such hits as Smack That and Right Now, seems to be very interested in cryptocurrencies. First, he announced the launch of his own digital coin – Akoin – which is supposed to be the currency of a crypto city in Africa.

While the details of his ambitious plan have not yet been revealed, Akon keeps researching the possibilities of the crypto world. Recently he gave an interview where he discussed the financial situation in Africa and his vision on cryptocurrency.

When the interviewer said he did not quite what cryptocurrency was in the first place, Akon’s response was simple – “Nobody does.” The rapper actually finds digital assets very similar to regular company shares.

You know they’re going to yield an investment. You go there with your money because you know, these guys, in the next four, five or ten years, their projection said they are going to make triple what they are making now.” – he mentioned.

In the end, Akon said he would keep studying the subject and would do everything in his power to improve the difficult situation in Africa.

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Elon Musk Turned to the Creator of Dogecoin for Help in the Fight Against Twitter Scammers

musk needs help with crypto spammers

The CEO of Tesla Motors, entrepreneur and engineer Elon Musk published a message in his Twitter meant for the creator of the cryptocurrency Dogecoin Jackson Palmer with the request to invent a way to deal with crypto scammers on the social network.

A few minutes later, Musk received a response with an invitation to use a script that would resolve the issue with the scammers. Judging by the message of Dogecoin’s creator, Elon Musk used it.

https://twitter.com/ummjackson/status/1041577055970893824

We remind you that Elon Musk had to deal with Twitter fraudsters not once and not twice. Bots with offers to receive different cryptocurrencies for free were attacking Musk so much that he even started writing brilliant responses to them. Later, the social network management even began to block accounts containing the name of Elon Musk.

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McAfee Birthday Collection: Top-5 Eccentric Statements, Promises, Innovations and Scandals

john mcafee birthday compilation

The editorial board of The Coin Shark wishes happy birthday to the most unconventional crypto personality John McAfee and hopes he will thrive and please the crypto community for many more years.

For this occasion we decided to compile the loudest things that McAfee has said or done this year.

1. There is no doubt that the wildest promise of John McAfee remains his infamous claim about the price of Bitcoin in 2020. The interesting part is, of course, related to the physical tortures that McAfee is ready to face if his predictions turn out to be wrong.

2. Another loud claim of McAfee was his firm intention to run for presidency during the next election. Given the low levels of popularity that the current US President is coping with, we believe that anything might happen at this point. Politics aside, no doubt that the crypto world will be thrilled to have such a president.  

3. We could not leave out the epic with McAfee’s crypto wallet Bitfi. Was it really hacked? Was McAfee planning to give such a pricy award? We don’t know. However, what we do know is that the story brought a whole lot of attention to the wallet, so maybe it was an ultimate goal in the first place.

4. The CoinMarketCap should beware, because John McAfee is on its toes. His own site with market capitalization and cryptocurrency exchange rates is already functioning.

5. Last, but certainly not least comes the McAfee crypto challenge. Brilliant minds with innovative crypto solutions can join his team to improve and develop the crypto world together.

Anyway, even if John McAfee does not eat any parts of his body or loses the run for presidency, he will always remain one of the brightest stars of the crypto universe. Happy birthday, John!

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Bitcoin and Ethereum Price Analysis Today on the 18th of September: Cryptocurrencies Collapsed Again

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coin360, Bitcоin (BTC) lost 3.07% in the past 24 hours. The price at the time of writing is $6286 per coin.


Source: https://coin360.io/

In the past 24 hours Bitcoin reached the highest mark for the day at $6452, later it fell drastically to $6338 and then fell to $6257 per coin. At the time of writing BTC added about $30.


Source: https://coinmarketcap.com/

In this time interval, we can observe a downtrend.

The remaining cryptocurrencies fell into the deep red zone:

Bitcoin Cash lost 7.23% over the past day and costs $414 per coin;

Ripple dropped by 2.50% and is worth $0.27;

EOS fell by 9.17%, and its price is $4.86;

Litecoin lost 7.79% and its value is $51;

Cardano fell by 7.69% and is worth $0.063;

Stellar decreased by 3.51% and costs $0.19;

IOTA lost 6.01%, and its value is $0.53;

Dash lost 6.58%, and its price is $182;

Monero became cheaper by 7.89% and is worth $107.

Ethereum reached the highest mark of $221 in the past 24 hours. A few hours later, ETH dropped to $195. At the time of writing, the price of the coin is $197.


Source: https://coinmarketcap.com/

The total market capitalization dropped to $192 billion. Bitcoin accounts for 56.3% of the total volume. In monetary terms, this is $108 billion.

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Bitcoin Price Prognosis: How the Capitalization of the World’s First Cryptocurrency Will Change Over Time

bitcoin capitalization

We often hear different economic terms to be used in relation to cryptocurrencies – volatility, capitalization, price, value, etc. Today we are going to talk about Bitcoin‘s market capitalization and will see whether this digital gold really constitutes any significant part of world’s assets.

Contents:
(please, click the topic to scroll down to it)

  1. What is market capitalization?
  2. Bitcoin capitalization
  3. Prognosis
  4. Conclusion

1. What is market capitalization?

Market capitalization is quite a broad term. However, the first association that comes to mind is,of course, stock market. There is no single opinion on cryptocurrency but cryptocurrency can be called a financial tool that resembles both, money and shares. There is market capitalization of valuable securities, joint-stock companies and the whole market. Respectively,It is the price of a share, all shares issued by a joint-stock company and aggregated cost of all shares that circulate on the stock market. Back to the cryptocurrency, in simple terms market capitalization is an index of a total cost of all the coins. Market capitalization level depends on the cryptocurrency rate and they jump up and down together.

2. Bitcoin capitalization

Bitcoin is the first cryptocurrency in the world that was created in 2009. Today  more than 17 million coins circulate in the world and the maximum possible volume of mined BTC is restricted to 21 millions. Such a size of Bitсoin emission is layed down in the cryptocurrency code and cannot be changed. One of the important functions of this model is inflation prevention.  Only the fifth part of all the cryptocurrency reserve is to be mined and it will be done many years later. Considering the fact that every 210,000 mined block (one time in four years in average) slows down bitcoin mining two times when every new cycle begins. This formula allows to calculate that mining of 99% of all BTC will take 28 years and  mining of the last 1% will take more than 100 years!

However, back to the topic of the first cryptocurrency capitalization. In  2016-2017 Bitcoin became a synonym to bumper profit and goodwill. Digital currency was growing so fast that its holders didn’t have enough time to celebrate every new pick that the BTC rate reached day by day. Many people raised good money at Bitcoin and some people made even decadently big money,considering the fact that it wasn’t necessary to make efforts to gain the profit. The same way, cryptocurrency is associated with easy money, fast profit and other attractive things. At the same time there are more and more opinions about the significant impact that cryptocurrency has on world’s economy. Some are concerned that further development of uncontrolled decentralized financial systems are dangerous, while others think cryptocurrencies can create a really free economy of the future where everyone is their own central bank. However is cryptocurrency and Bitcoin in particular really a big issue for the world’s economy? In other words, is the digital gold really a big part of world’s capital? Well, figures from the CoinMarketCap can help figure it out.

So, today (mid-September, 2018) the total cryptocurrency market capitalization exceeds $190 billion which is by the way 4 times less than in late December, 2017 – early January, 2018. Back then the total cost of all coins circulating on cryptocurrency exchanges was almost $800 billion. It may seem really a lot, but in fact even back then the whole cryptocurrency market was worth less than just a single company – Apple. August 2nd, 2018 the total cost of all stocks of this company exceeded $1 trillion. Given that the stock market capitalization currently amounts to more than $65.5 trillion, cryptocurrency market capitalization looks rather small.

So what place does bitcoin have in the cryptocurrency market capitalization?

As a number of altcoins appeared and started developing, bitcoin dominance gradually decreased. In 2013 it exceeded 92%, and decreased almost by 10% until 2016. In summer 2017 bitcoin dominance was hardly 40% and Ethereum was snapping on its heels. Today BTC dominates, having 57% and the index started increasing since May, 2018.

Anyway, back in 2012 bitcoin market capitalization was only $0.06 billion while in December, 2017 it exceeded $336 billion. Today it is a bit higher than  $100 million and one BTC costs around $6.4 thousand.

3. Prognosis

As we already mentioned, the level of bitcoin market capitalization depends on the cost of every particular BTC. Today the cryptocurrency market seems to be starting to recover gradually from the rapid decline in the first half of 2018. At the same time, some experts believe that what we could observe in spring, 2018 was not really a collapse but just a correction of the rate after an unnaturally large increase in the end of 2017, when BTC was traded at $20,000 per a coin. In February, 2018, Jesse Powell, CEO and founder of a large U.S.-based cryptocurrency exchange called Kraken, told CNBC that capitalization of the cryptocurrency market could reach $1 trillion in 2018. So he basically expects it not only to recover lost ground but also increase its economic power. Moreover, it still remains an open question whether institutional investors finally “jump” into the cryptocurrency market, which will positively affect its capitalization. In July 2018, in a talk about bitcoin Maxim Balashevich, founder of an analytical company Santiment, told Forbes that “about a month ago we were just at the bottom of the 4th wave, and today we are in the 5th wave that should lead us to something between $25,000 and $50,000”.

4. Conclusion

So, can we expect a huge increase of bitcoin and cryptocurrency market capitalization in the longer term? Hard to tell. Anyway, today BTC`s capitalization is tiny as compared to the capitalization of stock market and it will probably take a long time for digital currencies to reach the level of huge public companies capitalization, even if they once again start increasing in value lightning fast.

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John McAfee Is Not Having It With Online Trolls

mcafee is fighting the trolls

Scammers, fraudsters, trolls – whatever you want to call them – have been pushing their luck with a lot of major crypto personalities and famous people.

We all remember how a fake account of Vitalik Buterin tried to cheat the poor followers out of their money and when Elon Musk could not get rid of annoying trolls asking him whether he wanted to purchase Ethereum or not.

This time the crypto enthusiast John McAfee decided to oppose the Internet “pests”. He published an angry message on his Twitter.

So, we genuinely recommend all the trolls to leave McAfee alone for their own sake.

We remind you:

John McAfee Predicted the Bitcoin Price for 2020

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