When we have reached the threshold of the third decade of the 21st century, it is normal to look back and regret not having invested in virtual currencies until now. There was a time when bitcoin for example was not worth more than a few dollars, but within a short time it experienced impressive growth.
Between 2010 and 2013 the value of the first cryptocurrency ever conceived went from 4-5 dollars to 1000 dollars, a truly exponential growth that is being confirmed in this period during which the value of bitcoins has risen again to reach almost 8,000 dollars in just 4 years.
Of course, the problem is that it is impossible to go back to recover the lost profits if you had not thought about investing in virtual coins. There is no time machine that can allow you to make up for lost investments… yet there is a solution and it would be to start investing NOW in virtual coins.
This could be the best idea of your life since scholars predict that in less than 15 years only with regard to bitcoins you could get to quotations of more than 500,000 dollars and there are numerous factors that suggest that this possibility is much more than concrete.
Before making our list of cryptocurrencies we want to make some considerations about the good reasons to invest in cryptocurrencies.
Since the idea of virtual currency came under the limelight, bitcoins have been the forerunners, but then hundreds of variants have developed to date there are up to 800. Already from this data it is possible to reach further conclusions, for example it is possible to say that:
- The idea of virtual currency is a winning idea because it is an innovative technology that is going to solve many practical problems and could change people’s lives, many trade offs could soon be overcome through this innovation. In short, there is no clue that can suggest that the idea of virtual currencies can go to die, in reality it is clear that in the future it can only improve and evolve more and more;
- Both bitcoins and cryptocurrencies in general are still the beginnings of their career as coins it is almost impossible to say which of these currencies will achieve the most success and which one will instead go to die but out of the 800 total there are at least a dozen currencies that have now taken flight and that we present to you in the course of this article. As the use of virtual currencies increases, their value will also increase.
High security standards and fast payments underpin the current success on cryptocurrencies
However, virtual currencies are a system that can be considered completely safe and legal. More and more official bodies and institutions and even shops now accept cryptocurrencies and this is a sign that it is convenient to use them.
In addition, the increasing diffusion tells us that the system is completely legal and for this reason it will not be abandoned and involves a strong risk in investments, but only the normal ones related to any trading activity.
One of the fundamental principles behind the success of cryptocurrencies is the fact that they now offer very high security standards that are pushing even very important companies to make investments in the sector and there are now even rivals. The system that guarantees the total reliability of the coins is called proof of work and is a perfect expedient to safeguard digital counterfeiting.
Most cryptocurrencies use peer to peer systems on networks whose nodes are users’ computers scattered all over the world.
On computers are run special programs that perform a sort of function of purse, so there is no need for any authority that controls the system is completely independent, no one can intervene and arbitrarily change the value of the currency, plus the system is independent of international economic circuits making sure that many of the virtual currencies work as real safe haven assets. Cryptocurrency transactions and their release take place entirely on the net so there is no type of centralized system in the form of another physical building.
All these properties that are completely unique cannot be explained by traditional payment systems so the advantages of digital coins are increasingly evident.
Another factor that avoids problems such as inflation lies in the fact that most cryptocurrencies are designed to gradually introduce new units of currency, but in general a ceiling is always placed on the amount of money that can circulate.
This is a system that helps to mimic the advantage of scarcity typical of precious metals and so hyperinflation is also avoided. Compared to ordinary currencies managed by financial institutions or held as cash, cryptocurrencies are practically not susceptible to confiscation by law enforcement, existing cryptocurrencies are all pseudonyms that allow total anonymity.
As you certainly already know, the first cryptocurrency has always been bitcoins which are also the most famous and widespread currency so far, but this does not mean that there are no interesting variations on the theme.
These are currencies that are based on a distributed and encrypted database also called blockchain but often differ from the progenitor for specific characteristics such as the algorithm that is used, the maximum amount of currency that can be created or the different size of the data blocks sent.List 🥇of best cryptocurrencies to invest: Top 7
In the following list we will take care to provide you with the indications on the most interesting cryptocurrencies for the future and for the growth rates they already present at this time. If you are thinking of starting to trade in cryptocurrencies it would be appropriate to consider one of these virtual currencies because managing them is easier thanks to the fact that there is always a large number of useful information circulating to make more prudent investments especially, as it will be easy to imagine, for bitcoins that are now famous and used all over the globe, suffice it to say that there are already universities that accept them for the payment of tuition fees.
Bitcoin: You can start investing in bitcoin even without understanding the technical details. All you need is a trading platform to get started as well as for other cryptocurrencies. The principle on which bitcoin is based and therefore also its market quotations is the so-called blockchain. That is, a public and shared ledger on which the entire bitcoin network is based. Bitcoin
All confirmed transactions are included in the blockchain in this way bitcoin wallets can calculate their expendable balance and new transactions can be verified, in order to be able to spend bitcoins that are actually in the hands of those who spend them.
The integrity and chronological order of the blockchain are protected through cryptography an impenetrable security system that offers bitcoin users the guarantee of reliability.
Bitcoins can also be mined through the so-called mining process it is a distributed consensus system used to confirm pending transactions by including them in the blockchain. Instead of mining, however, investing in bitcoin is much more convenient because it offers much safer and higher profit margins that cannot fail to tempt those who have capital to invest.
Bitcoin cash: It occupies the top positions among online cryptocurrencies despite its young debut in August 2017 when some bitcoin developers decided to launch a new version of the cryptocurrency with a much faster execution of payment blocks and up to 8MB. Bitcoin cash
The blockchain used is also different between the two cryptocurrencies with lower transactions and costs in the new cryptocurrency. Also surprising are the latest prices reached in November 2017, which lead to a high position in the ranking in the list of the best cryptocurrencies.
Dash: in the world of cryptocurrencies many “altcoins” have been born and dash is just one of them. One of the coins that was born from the experience of bitcoin is dash coin or a virtual currency that among other things does not hide the fact of deriving directly from the primeval virtual currency. Dash coin