Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *
Reload Captcha

Crypto Prices

Important things to know about cryptocurrency

Written by  Guest Contributor: Ryan Moore - Marketing Expert Jul 01, 2020

Are you ready to invest in cryptocurrency? Then there are things you should know about the industry.

This article will help you to determine what cryptocurrency is and how to use it to your advantage.

Cryptocurrency, for over a decade now has been producing many instant millionaires and as such, making it one of the most amazing inventions of the last century. Most of the investors are found to be making several thousand dollars per day. So now that you know WHY you should be investing in cryptocurrency, what are some of the additional facts and tips that you need to know?

No One Owns It

It might be a surprising fact to learn, but even today there is no one real owner of cryptocurrency. Hence, the founder is a ghost. The acclaimed owner, Satoshi Nakamoto, has not even claimed the ownership for himself in all these years. Cryptocurrency is hence the home for nobody and the home for everybody!


It Fluctuates

Another interesting fact about cryptocurrency is that it is very volatile in terms of price. In 2009 the rate at which cryptocurrency-most especially bitcoin – was gaining ground is equivalent to 0.003 Dollar, leaving people ignorant of its financial potential. However crypto updates show that in 2017, it increased to 17,900 dollars. Now there is a drop to 10,000 dollars, making it very flexible. This has in fact pushed away many investors.

It Can Be Broken Down To Fraction

Some cryptocurrency, like bitcoin for example, can be fractioned which allows investors or buyers to invest in about one-tenth of a currency. For example, if a bitcoin sells for 200 dollars, you can decide to buy half or one-quarter of a bitcoin for less. This will not only allow for many investors to invest and gain more value as time progresses but also present a chance for small scale investors to participate.

Your Code Is Your Money

Just like any other private transaction, it is expected that you should generate an access code that must not get lost. This is because the value of your cryptocurrencies lie with the code. You should protect the code, as you will not be able to generate another if misplaced. In a nutshell, your code is your money.


Cryptocurrencies Are Numerous

Even though bitcoin is the most popular because it is the first currency whose use can be traced back, there are about 1500 cryptocurrencies around the World and the counting is still going on. Unlike bitcoin, there are also many currencies whose market cap sum up to above a billion dollars, meaning that the industry is still growing, and quickly. You should visit https://elitetrading.de/trading-software/bitcoin-trader-review/ before making any investment.

About $6 Million of Wallets Exist

With the increase in the number of investors that invest in cryptocurrency, there is also an increase in the number of wallets that people use to store their coins. And, each of the wallets is designed with its own unique features that make transactions easier. For example, some are linked to the major credit cards or to your smartphone where text message can do the transaction.

With the way cryptocurrency is moving, more and more coins will become available, and the market will expand even further.

If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.

Do you find this article useful? Comment below or follow us on Facebook or Twitter.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Follow Us

sme logo

Popular in News

May 22, 2020

Can I create my own cryptocurrency? Yes

If you want to create your own cryptocurrency but you don’t have much experience in coding, you might be wondering if ...

May 08, 2020

Crypto Wallet options

A cryptocurrency wallet is actually a program that stores private and public keys and it links to the blockchain in orde...

Apr 29, 2020

Brits are the most sceptical about Cryptos future in Europe

Confidence that cryptocurrencies will still exist in 2030 is slightly increasing in Europe but not in the UK. ...

May 15, 2020

Bitcoin and Ethereum recent transaction fee increases

Bitcoin and Ethereum (ETH) fees are going up.

Apr 24, 2020

Cryptocurrency Myths: Investing is safer than you might think

In the beginning cryptocurrency had a bad reputation because of links to black market trading, nowadays purchases are fa...

Apr 06, 2020

Reasons why Crypto Traders fail

Anyone who is about to start crypto trading will usually be a little apprehensive, or they are full of enthusiasm; nothi...

Jun 25, 2020

Kraken announced $150k grant to BTCPay Server

The Bitcoin community has another significant grant to support open-source development.

May 19, 2020

Are VPNs for Crypto transactions necessary?

Virtual currencies are no longer a fad. They are used all over the world and traded on Forex. Aside from the profit-maki...

Apr 15, 2020

How can you spend Cryptocurrency?

I know that most of you have already heard about crypto but there are still some people who have some blind spots about ...

May 18, 2020

Cryptocurrency hardware wallets are not full-proof

"The fact is that there’s no way to prevent a highly sophisticated attacker with physical possession of the device, an...

Jun 17, 2020

Spanish Crypto Users Report Banking Freezes After Using Exchanges: Report

Banks in Spain are reportedly closing accounts they suspect belong to cryptocurrency traders, especially users of the Lo...

Mar 31, 2020

Online privacy is a thing of the past say Brits: Protect your Crypto

The following stats make you aware that keeping your crypto account details safe is more important than ever. ...