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Why Invest In Cryptocurrency

Before we begin talking about why you need to invest in cryptocurrency, you will first and foremost need to adopt the right mindset in place. What does having the right mindset mean? Having the right mindset means being open minded, thinking positive and not whining or complaining after making a decision and being accountable for the choices you have made. Complaining and whining won’t get you anywhere. The market doesn’t care about your complaints, because the market will always be the market.Over the last couple of months, cryptocurrency have become a global phenomenon to many and has taken the world by surprise. While not everyone understands the realm of investing in cryptocurrency and how exactly the system operates, banks, governments and companies are well aware of its importance as the cryptocurrency market cap is very volatile where the value of a crypto coin may reach thousands of dollars. Therefore, it would be such a waste if you choose to ig
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What Does It Mean To Invest ?

The word investment simply means the action of investing money for future gains. Your future gains can be in the form of assets or stocks and also cryptocurrency, which you purchase with the intention to generate passive income. Your assets value may appreciate in the future. Once you’ve made a conscious choice to invest, you are no longer working for money. You are actually making money work for you. For those who choose to not invest [this could be investing in cryptocurrencies ] or do not possess the awareness to do so, their monthly cycle would probably go like this. You are a full-time employee working the hours to complete the task given to you by your superiors. Sometimes, you would also need to work extra hours to compensate for the extra workload. By the end of the month, you are then given a substantial amount of pay as a form of reward. Nothing wrong with that, but do you really want to live a mediocre life and just making ‘enough’ to live by for th
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Reasons Why Cryptocurrency is a Good Investment

In general people should have clarity on why you are investing. This especially is true when it comes to the field of putting monies into cryptocurrency. You don’t just decide why you want to invest. Well, obviously you want more money. Everyone does. But what defines your investment? Why do you even invest? You have to be clear of this, so you now where you are heading, and devise a strategic plan to get there. Some people would want invest to save for their retirement. Those days when everyone worked similar jobs for a span of 40 years and retired to a nice pension are gone. These days, it's more than that. With the cost of living increasing day by day, it’s vital for you to realize that being solely dependent on your pension would realistically not be sufficient to sustain your future. You should be investing in cryptocurrency in order to save more money for your retirement. You can start now by optimizing your retirement savings into a series of in
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What Is Cryptocurrency?

This is one of the most frequently asked questions out there. What is cryptocurrency? To make it simple, cryptocurrency is a digital version of money where the transactions are done online. A cryptocurrency is a medium of exchange just like your normal everyday currency such as the USD, but designed for the purpose of exchanging digital information through a process known as cryptography. The first ever-successful cryptocurrency emerged from the invention of Bitcoin , by Satoshi Nakamoto. This was then followed by the birth of other types of crytocurrencies competing against Bitcoin.
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Bitcoin And Cryptocurrency Investment

The reason why cryptocurrencies are such in demand right now is because Satoshi Nakamoto successfully found a way to build decentralized digital cash system. What is a decentralized cash system? A decentralized system means the network is powered by its users without having any third party, central authority or middleman controlling it. Neither the central bank, nor the government has power over this system. The problem with a centralized network in a payment system is the so called “double spending”. Double spending happens when one entity spends the same amount twice. For instance, when you purchase things online, you have to incur for unnecessary and expensive transaction fees. Usually, this is done by a central server that keeps track of your balances. Apart from the cryptocurrency network is verysecure and is run through a decentralized network, there are other properties which projects why cryptocurrencies may be the most talked about topic in town. It is now viewed as a
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What Can Cryptocurrency Be Used For?

Cryptocurrencies can be spent for different purposes and the best part is, all transactions are completed online! There are 3 different transactions that can be performed when using cryptocurrency: 1.     Bitcoin Trading Bitcoincryptocurrency trading can be very profitable for both professionals and beginners. The market is new, where arbitrage and margin trading is widely available. The currency’s high volatility has also played a major role in bringing new investors to the trading market. 2.     Personal Spending You can use Bitcoin to purchase almost anything! From buying cars to travelling the world. 3.     Crowd Funding Cryptocurrency also provides the chance for you to give back to society. How? By crowd funding. You are able to be part of someone’s success story by donating to a crypto crowd funding project.
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The Types Of Cryptocurrency

There are over 800 cryptocurrencies, but we will only discuss the top 5 prominent currencies in the market. The 5 cryptocurrencies are Bitcoin, Ethereum, Litecoin, Monero and Ripple. For this report, we are going to cover only two of the Cryptocurrency – Bitcoin and Ethereum . Bitcoin : This is the first ever cryptocurrency invented and remains by far the most sought after cryptocurrency to date. Bitcoin is known as the digital gold standard in the cryptocurrency network. As explained in the previous module, Bitcoin is the pioneer of Blockchain Technology that made digital money possible. It is the first ever decentralized peer-to-peer network powered by its users without any central authority or middleman which means, no unnecessary costs are included in the digital money transaction. Over the years of Bitcoin’s existence, its value has fluctuated tremendously from zero to over $2000 per bitcoin to date. Its transaction volume has also reached 200,00
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