The current market capitalization of cryptocurrencies is $206.2 billion USD as of October 2019, compared to $19.8 trillion USD for gold and $82 trillion USD for global stocks markets as per Wikipedia data.
Crypto currency is the future and you must know about it in order to make money from it.
Digital finances protected:
So, you’ve decided to buy into crypto. That’s a big, life-changing move.
One of the most important things you can do when first getting involved with cryptocurrency is to educate yourself about the different methods of protecting your assets. You want to be able to safeguard your investment for the long haul, not just for today.
One of the best ways to protect your investment is to secure a wallet; physical wallets look like USB drives and act as a physical store for tokens or coins. Cryptocurrency security experts recommend against keeping any digital currency holdings on digital currency exchanges.
Cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
Many cryptocurrencies are decentralised networks based on blockchain technology, a distributed ledger enforced by a disparate network of computers.
Wide range of investment:
If you’re looking to invest in Bitcoin, here are a few things you should know:
You can invest anywhere between 5% and 30% of your investment capital. I consider 5% to be very safe, and 30% to be pretty risky. Personally, I sit most of the time between 15% and 50%.
This type of investment in crypto is when you expect its price to increase over time—usually an investment that must be maintained for a minimum of 6 months to 1 year. In some cases, long-term crypto investors plan on holding their investments for decades.
Nano is a cryptocurrency with zero fees, relying on Open Representative Voting for consensus and security. To be clear, the zero fees are not due to some temporary subsidy, zero fees are built into the protocol.
In terms of trading, Crypto.com’s maker-taker fees are higher compared to competitors that operate with the same fee schedule. For Bitcoin withdrawals, Crypto.com offers a competitive rate compared to other exchanges.
To avoid a fee, please use the Withdraw to App function. Withdrawal fees will be settled in the currency you are receiving and can not be paid with CRO.
It’s true that Bitcoin transactions are pseudo-anonymous, but that doesn’t mean they can’t be tracked.
There are ways to track down the identities of people who use Bitcoin, such as by using their IP address and knowing their physical address or email. This is what happened with the recent bust in Manhattan, as well as last year’s Colonial Pipeline hack, in which authorities were able to recoup some of the ransom payment from the hackers.
And just because someone might have thought they were sending their coins anonymously from one wallet to another doesn’t mean there isn’t a trail of evidence out there that could link those wallets to real people or at least, IRL devices.
It’s just a matter of finding it. For example, take the recent bust of a drug dealer in Manhattan: authorities were able to track down the dealer’s identity through his Bitcoin transactions and IP addresses.
If you are planning to buy assets in the future then CRYPTOCURRENCY is the way.