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.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Elon Musk: Bitcoin Is Good, But Not For Tesla

Elon Musk has recently made a statement showing his attitude towards cryptocurrency and financial world as a whole. He supports Bitcoin, yet, it will not bring good for Tesla.

Elon Musk is a well-known technology entrepreneur and engineer with a fortune of $22.8 billion, he projects, like SpaceX, Tesla, PayPal, cover different areas of live, meanwhile they are competing to other companies at a high level. Musk is also a socially active person, he likes to post tweets sharing his thoughts about what is happening in the world. Though, sometimes it may bring consequences, like it was in July last year, when the SEC sent a request to Tesla regarding tweets of Elon Musk.

Furthermore, he freely expresses his attitude towards cryptocurrency. Once he even claimed how many Bitcoins he actually possessed. The Twitter community blowed up every time when Musk speaks about cryptocurrency. For instance, in October 2018, Elon posted a tweet about his love for anime and offered a subscriber to buy Bitcoins.

Twitter even blocked his account for a certain period of time to make sure he was the author. So, this time the world has gone mad, when Musk expressed his feelings about financial system and Bitcoin, in particular,  in the podcast “On the Road to Full Autonomy With Elon Musk.”

“Paper money is going away. Crypto is a far better way to transfer value than pieces of paper, that’s for sure,” he said. “Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto.”

Furthermore, Musk added that Bitcoin has its pros and cons, yet, what he is really concerned about is crypto mining, to create one Bitcoin, people use high-powered computers to solve a complex math problem.

“We’re really just trying to accelerate the advance of sustainable energy, and I think one of the down sides of crypto is that computationally it’s quite energy intensive. There had to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create slightly incremental Bitcoin, at this point.”

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptocurrency Prices Today, February 20: Bitcoin Is Growing Steadily

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

According to the Coin360 online platform, Bitcoin (BTC) added 1.1% over the past 24 hours. The price at the time of writing is $3958 per coin.

Cryptocurrencies are in a stable green zone:

Bitcoin Cash added 0.46% over the past 24 hours and costs $145 per coin;

Ripple increased by 0.53% and its cost is $0.33;

EOS raised by 12% and its price is $3.95;

Litecoin grew by 6.5% and its price is $50;

Cardano plus 1.8% and its cost is $0.046;

Stellar increased by 4.7% and costs $0.091;

IOTA added 1.7% and its value is $0.30;

Dash grew by 0.3% and its price is $87;

Monero became more expensive by 1.1% and costs $52.

Over the past 24 hours, Ethereum has lost 0.17%. The coin rate is $146 per coin.

The total market capitalization is $135 billion. Bitcoin’s share is 51.7% of the total. In monetary terms, this is $69 billion.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

CryptoMining.Farm Scam: 30 Victims Lost $1.34 Million

Thirty people have filed complaints to Thailand’s Technology Crime Suppression Division stating that they were victims of crypto mining scam, they allegedly lost 42 million baht ($1.34 million). The police thinks that the amount of victims can be bigger.

According to the victims’ words, the leaders of the scam convinced them to invest money into CryptoMining.Farm, a blockchain-mining website. One anonymous victim said to the Bangkok Post that one of the leaders promised investor an impossibly high return – 70% a year.

The victims signed contracts when they entered the website, the documents said that a customer may withdraw money at any time he/she wanted without any additional condition. However, the situation has changed since August. The victim stated that:

“From August the owner began imposing conditions for withdrawing the money. Then at the start of this month, the site announced it would start paying back investors in 84 installments which would take over seven years to complete. The payments were supposed to be made in foreign currencies [which] is not permitted by Thai laws.”

After a preliminary investigation, the police is sure that not 30, but 140 people became victims of the scam. Moreover, it can be related to a big scandal which happened in August 2018, when a popular Thai actor and his siblings stole about 797 million baht ($25.5 million).

According to the Bangkok Post, the company has two official offices in Bangkok and Chiang Mai, which may make the victims think that the company’s operations are legal.

Thailand treats digital money with caution and tries to regulate it. The Thai Ministry of Finance even issued a document last year where all the country’s cryptocurrency activities were regulated, including the taxation of participants of crypto market.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptocurrency Prices Today, February 19: EOS Has Increased By More Than 20%, BTC Approaches At $4000

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

According to the Coingecko online platform, Bitcoin (BTC) added 4.1% over the past 24 hours. The price at the time of writing is $3896 per coin.

Cryptocurrencies are growing rapidly:

Bitcoin Cash added 11% over the past 24 hours and costs $145 per coin;

Ripple increased by 8% and costs $0.33;

EOS raised by 21% and its price is $3.57;

Litecoin grew by 6% and its value is $47;

Cardano plus  7% and costs $0.046;

Stellar fell by  9% and its price is $0.087;

IOTA added 7% and its cost is $0.30;

Dash raised by  8% and its price is $87;

Monero became more expensive by 5% and costs $51.

Over the past 24 hours, Ethereum has added 5.6%. The coin rate is $146 per coin.

The total market capitalization is $132 billion. Bitcoin’s share is 51.8% of the total. In monetary terms, it is $68 billion.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

The List of Bitcoin Mainstream Trends Which Will Dominate in 2019

Bitcoin is one of the most famous cryptocurrencies in the world. It is actually the first one, thus, no matter what might be, it has already gone down in history. Even though the cryptocurrency may not be that popular right now, due to various reason, some changes are already inevitable, hence, let us just check on trends which will become a part of everyday life in 2019.

1. Bitcoin ATMs

The number of Bitcoin ATMs is growing rapidly. It is a kiosk which allows a person to buy/sell Bitcoins in cash or by credit card. They actually look like an ordinary terminal, yet, it is connected not to bank account, but to Bitcoin exchange. The number of Bitcoin ATMs in the world accounts for 4292 at the time of writing.

Source: www.statista.com

Such ATMs will definitely encourage people to use cryptocurrency, since now it becomes more understandable for ordinary people. If people get accustomed to use Bitcoin ATMs, then crypto will see a bright future.

2. Central banks and Bitcoin

Some people do not want to get involved in crypto as it lacks regulation, including bank regulation. However, in 2019, one of Bitcoin trends may become partnership between central banks and cryptocurrency.

Several banks have already introduced systems how to work with crypto. Bank of America, for example, has officially patented a system for saving crypto actives for significant corporations. Moreover, this week, one of the biggest American banks, JPMorgan Chase & Co, has announced that it developed its own digital coin – JPM Coin.

Perhaps, such implementations will bring positive effect on the relationships between crypto and financial institutions.

3. Bitcoin in smartphones

Since the beginning of the third millennium, a cell phone has become an integral part of our everyday life. By using a smartphone we can do almost everything that is connected to our work, study, leisure, or hobby. Financial transactions, including crypto operations, are no exception.

On May, 2018, Huawei Technologies Corporation provided users of its smartphones with the opportunity to use Bitcoin wallet BTC.com. At the end of the past year, HTC company released the smartphone Exodus, powered by blockchain. A person can only purchase the phone with digital currencies.

It is too early to say whether these phones will be successful and useful or not, yet still it is very important that world is trying to meet the needs of everyone.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptocurrency Prices Today, February 15: Cryptocurrencies “Stand Still”

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

According to the online platform Coingecko, Bitcoin (BTC) remained stable over the past 24 hours. The price at the time of writing is $3604 per coin.

For the most part, cryptocurrencies did not change in price throughout the day:

Bitcoin Cash lost 0.99% over the past 24 hours and costs $121 per coin;

Ripple dropped by 0.03 and costs $0.30;

EOS added 2.3%, and its price is $2.85;

Litecoin grew by 0.18%, and its value is $42;

Cardano gained 0.27%, and its cost is $0.040;

Stellar added 2.66% and costs $0.078;

IOTA grew by 0.87%, and its cost is $0.27;

Dash lost 0.6, and its price is $79;

Monero fell by 0.06% and costs $47.

Over the past 24 hours, Ethereum remained stable. The exchange rate of the coin is $122.

The total market capitalization is $120 billion. Bitcoin accounts for 52.7% of the total volume. In monetary terms, it is $63 billion.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/