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Should you invest in Cryptocurrency?

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Why You Should Invest In Cryptocurrency today!

A year ago,  a quiet way to success was revealed leading to the creation of instant millionaires from investors.  The online investment known as cryptocurrency increased drastically from January to December of 2017 with an accompanying increase in investors.  A 2018 crypto news source reported that Bitcoin, a type of cryptocurrency, moved from $1000 in January to about $19000 by the end of 2017. Check us out when you are looking for Cryptocurrency news.

Bitcoin is not the only cryptocurrency that witnessed such change.  Other types of cryptocurrency like Ripple and Ethereum also witnessed a drastic change.  In fact, a very strong one at that.

However,  the game turned around for most of the investors as cryptocurrency news showed that there was a massive decline of about 50-75% in the success rate.  This pushed most of the investors to the wall and therefore withdrew their holdings.

But recently,  the latest crypto news showed that a new look has been gotten with many cryptocurrencies like bitcoin,  Ether, etc. having a doubling rate. With this, many were left with a doubting mind of whether to invest or not.

Below are the five reasons why you should consider either investing or reinvesting

Cryptocurrency is growing

Bitcoin news showed that Bitcoin was launched 9 years ago with the other types of cryptocurrency, also of smaller age.  Because it is still in its infancy period, there is a high chance of price fluctuation in cryptocurrency. However, as time goes on with many investors moving in,  there will be an enormous profit associated with it. Hence, this is the appropriate time for you to invest.

Market Work Well With Regulations

Most of the investors of cryptocurrency have ‘regulation phobia’ with the mindset that it paints the market in a bad color.

Well,  the truth of the matter is that regulations and success of the market go hand in hand. In other words,  for a smooth and fair operation of cryptocurrency, regulations must be outlined and adhered to.

No More Anarchy

We all know that anarchy gave birth to cryptocurrency. Fortunately for you,  cryptocurrency has unchained itself from ‘no authority ‘ entrapment. This is the right time for you to invest as cryptocurrency is gaining more ground. For example,  bitcoin news today portrays that bitcoin is now well known around the globe.

 

More Capital

With the excellent innovation of Initial Coins Offering (ICO),  different varieties of cryptocurrencies are able to raise more capital.  An example is the Ether of Ethereum network that was able to expand its demand through ICO.  Another scenario is the messaging app Telegram that recently declared its intention to launch ICO.

Reputable Companies Are Investing

Cryptocurrency is characterized by a high return potential and this has served as an eye opener for reputable companies like banks and other institutions to the boundless benefit of cryptocurrency.  In return, they help to increase the demands for cryptocurrency by their participation.

In conclusion,  investing in cryptocurrency is one of the ways to increase your money within a short period of time. However,  it is advisable to follow the trends of the online investment advisor as it progresses.

For more crypto news, visit https://www.dcforecasts.com/.

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https://www.facebook.com/DCForecasts/

https://www.youtube.com/channel/UCpIqFelKXiHfC3K4U30fFhQ

twitter.com/cryptoguidee

 

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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BTC And Other Altcoins Push Trading Volumes To New Record Highs

The latest digital currency shows that after hitting a 300-day high in crypto volume, the market is hitting new records and a massive upward thrust. Today, the crypto trading volume recorded a high of $33.85 billion thanks to the surge that was led by Ethereum and Bitcoin and saw the top 20 surging over the past 24 hours. The volume of the crypto asset trading spiked during the first week of January last year accounted for a market cap of $814.31 billion and a 24-hour trading volume of $44.07 billion. In comparison, the recent surge of the current trading volumes shows that there is a great deal of action on the market. In more details, the current market cap is now closer to the $140 billion mark while the last major peak was recorded on May 5th 2018 with a market cap of $466.72 billion and a 24-hour volume of $25.34 billion after which the crypto space has failed to recover. At press time, the market cap of the entire cryptosphere was recorded at $139 billion and the 24-hour volume is over $27 billion.
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Bitcoin Is Up Above $4,100 As Top 20 Cryptos See Green

The top twenty cryptocurrencies are mostly in the red in today's crypto news, putting Bitcoin in focus of the market with a new surge that made it go above $4,100 while the other altcoins remained stable. Bitcoin is up by more than 3% and now has a $72 billion market cap. Speaking of, the entire market cap is now close to the $140 billion mark. Ethereum (ETH) has also been surging by more than 5% over the past 24 hours and is now at $156, while Ripple (XRP) is with a 2% increase that put it to $0.32. Among the other altcoins, we are seeing surges for EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin etc. In fact, the entire top 20 is in the green besides Tether (USDT) whose value is pegged to the value of the US dollar. The most notable price action was reported by NEO which surged by 7.24% and proved that it is a serious contender for the 16th position on the market list. No one knows if this trend is going to continue. However, it is certain that over the past week, we have been seeing a bullish breakout and a new trend which finally puts Bitcoin and the other altcoins in the green.  
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Bitcoin News

Brian Armstrong Believes Hot Wallets Are Good Enough To Store Bitcoin

CEO of Coinbase Brian Armstrong is yet again in our crypto news in an attempt to explain some of the misconceptions about storing bitcoin in various types of wallets. Armstrong explains the difference between hot and cold wallets saying that a hot wallet is connected to the internet and can conduct immediate transactions and that a cold wallet is secured offline. The private keys stored on a device connected to the internet but not loaded into an active wallet are still considered a cold wallet. Coinbase CEO clarifies the myth of not being able to trade funds in cold wallets since Coinbase Custody allows delayed settlement of trades. This means that you can start a trade and it will be settled right after the funds are moved out of the cold storage. The next myth is the staking systems prevent staking of cold wallets and Armstrong explains that Tezos allows for this to happen via the ‘’Baker’’ system. He writes:
“A well-designed crypto custody solution doesn’t rely on any single person. Instead, it utilizes multiple keys to achieve consensus and redundancy. The larger the transaction, the more parties need to consent. This is really just scratching the surface of a well-designed custody solution.”
He says that Tezos is a good option for holding Bitcoin but is still not as secure as cold storage. The storing of large amounts of Bitcoin in hot wallets is still very dangerous because you are not relying on your own security requirements. Finally, it’s always safer to store your coins in a place you have the most control and is best to always own the private keys by yourself.
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Bitcoin News

US Regulators Decision On BTC ETF Will Set The Mood For The Crypto Market: KRX

An official at the Korea Exchange (KRX) from South Korea’s securities exchange operator believes that the industry should keep a close eye on the developments from the United States regulators regarding Bitcoin exchange-traded funds so this is why in today’s bitcoin news we find out more about what the official stated. ETFs are capable of tracking assets that are proportionately represented in the shares of the funds. They are believed to have high potential to increase the chances of widespread adoption of cryptocurrency. The US Securities and Exchange Commission has postponed or rejected its decision on crypto-related ETFs and the KRX official had to say something about that:
 “The US has been the front-runner on the cryptocurrency market and related derivatives, and there are strong voices supporting the launch of Bitcoin ETFs within the market — which is why we are observing the progress and response of the US SEC’s decision on Bitcoin ETFs.”
He added that the KRX is considering the provision of a solid Bitcoin index as well which will be required for the launch of such ETFs. South Korea’s blockchain market has seen the launch of blockchain ETFs by investment banks because of the incredibly lower level of scrutiny they get from the national watchdog. A professor at Korea University’s Graduate School of Information Security Lee Kyang-ho argued that the health of the blockchain sector in the country could eventually create a path for crypto ETF integration by saying:
 “With the government expanding its investment in research and development of blockchain technology, the projects are expected to minimize or eliminate the risk of integrating ETF transactions in the cryptocurrency market.”
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