Investing in bitcoin or one of the other cryptocurrencies is a good way to vary your assets, betting on an investment that may prove extremely lucrative in the future. These virtual currencies are considered the future of investment by some and the security of transactions as well as their total independence from conventional financial institutions make them very attractive.
However, for investments that pay off, you need to know which cryptocurrency to turn to and how to invest.
What you need to know before investing in cryptocurrency today
Investing in a cryptocurrency is like acquiring tokens of that digital currency, which will be stored in secure virtual wallets or reinvested/traded when their rate is most attractive.
The price of cryptocurrency is very fluctuating and we can not consider these virtual currencies as safe havens, as can be Gold for example. However, some digital currencies are experiencing crazy surges, as was the case with Bitcoin which reached $ 20,000 at the end of 2017, before returning to a more stable rate (about $ 10,000).
By betting on the right digital currency, you are making an investment that can pay off big. Here are some tips for investing in the right currencies:
- Don’t put all your capital in one cryptocurrency
- Use reliable platforms if you want to buy or invest in Bitcoins or another digital currency
- Monitor experts’ trust in different currencies
- Consider the number of users of the different cryptocurrencies, as this determines the value of each token
- Don’t play trader if you’ve never done so; let the pros do it
How to invest: mining, trading or currency conversion
Here are different ways to make money with these virtual currencies. Depending on your ability to understand the market and the amounts you want to invest and earn, these opportunities should open up new horizons for you. The mining of crypto-currencies
The creation of cryptocurrencies is based on a Blockchain system, which requires a high computing power to solve cryptographic problems.
Previously, individuals were able to mine these currencies from a simple computer, with adequate software installed on the machine, which allowed them to recover Bitcoins or other currencies in exchange for their work.
Now, huge mining farms exist and the individual has no other choice, if he wants to mine cryptocurrency, than to go through a company that will rent him the necessary virtual tools. It’s a restrictive system and a known source of scams, so beware. Trading Platforms
More reliable to invest securely in cryptocurrency, the best trading platforms listed on the site actufinance.fr will be powerful tools, simple to use even for a beginner and that allow an individual to invest in cryptocurrency without taking too much risk.
The interfaces of these platforms are designed to be intuitive and the possibility of having broker advice will allow you to know where you are going. Acquire or convert digital currencies
If you want to invest in crypto-currencies, know that it is possible to receive payments in Bitcoins, Ethereum or Riplle (to name only the most famous) when you sell a good or a service online, on certain platforms. A way to receive some digital currencies, which will potentially see their value increase.
Another solution: the purchase of crypto-currencies via platforms, which offer registered users to convert their euros, dollars or yen into digital currencies, according to the rates in force.
In these two cases, commissions are to be expected on transactions.
Which cryptocurrencies should we turn to?
You should know that virtual currencies are indexed to Bitcoin, which remains the most famous cryptocurrency. Its value depends mainly on supply and demand and its limited availability varies its fluctuation.
In addition, you should know that the remuneration in Bitcoin offered for miners continues to decrease – as it is planned every 4 years to contain its diffusion – which makes it always rarer. Knowing that the next drop in miners’ remuneration will be made soon, and that with each decrease, the value of BTC increases, it seems that this year is favorable to an investment in Bitcoin.
However, it is better not to put all your eggs in one basket and keep an eye on the other most popular cryptocurrencies, which are:
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH), resulting from a separation with classic Bitcoin
- The Tezos (XTZ)
- The Nano (NANO)
- The Basic Attention Token (BAT)
By following these wise tips and with the help of investment specialists, you will be able to invest in these cryptocurrencies, which will potentially be the currencies of the future.