When people talk about cryptocurrencies, it immediately raises people’s enthusiasm for investment. Some people are very happy, while others are very sad. There is a remark that Chinese people like Bitcoin because it can appreciate and have volatility. Everyone feels that there is room for profit. Therefore, Bitcoin's major transactions take place in China.
The most popular investment market this year is the cryptocurrency. The price of Bitcoin was $1,095 from the beginning of 2017, and it has now reached $2817. Other cryptocurrencies are crazy, and gains like Ethereum and Ripple have exceeded 30 times.
In contrast, investment returns such as stocks, funds, gold, and P2P are much less. The cryptocurrency market is so mad that this article will tell you whether there is value in investment in these cryptocurrencies. To be sure, most people know little about cryptocurrencies such as Bitcoin and ETC.
When you want to invest in something, if you don't even know what it is, it will be very dangerous. So let's talk about the basics of cryptocurrency and what these cryptocurrencies are.
What is Bitcoin?
The concept of Bitcoin was first proposed by Nakamoto in 2009. According to Satoshi Nakamoto’s ideas, the open source software was designed and released, and the P2P network was constructed on it. Bitcoin is a P2P digital currency. Point-to-point transmission means a decentralized payment system. In simple terms, Bitcoin is money and it is a new type of currency.
How is bitcoin issued?
The bank's money is printed by the central bank, and bitcoin doesn't have a central institution like the central bank. Bitcoin is a decentralized account book, the account book needs to be absent from work to keep accounts, must give some rewards for absenteeism, absenteeism will get a certain amount of bitcoin. This distribution process is mining.
Is Bitcoin valuable?
At present, the currency of most countries is issued by the government. Usually we think that there is an "endorsement" of the government, so we feel that it is reliable. Bitcoin is just a program to produce something. How can we believe it is valuable?
When you understand the nature of money, it's obvious that the answer to Bitcoin's value is again. And Bitcoin, as a decentralized currency, is more obvious than the advantages of the legal currency:
1 .The total amount is constant and is not controlled by the central agency, which can avoid currency devaluation caused by spam;
2. point to point transactions are not subject to foreign exchange control.
What is NEO and Litecoin?
In currency circles, cryptographic coins other than Bitcoin are collectively referred to as Altcoin.
Some of these Altcoins are based on Bitcoin to do some improvements, such as LTC, NEO; some are borrowing Bitcoin technology, and also developed a system, such as Ethereum, etc.; some are based on bitcoin systems or other Altcoin systems, Developed cryptocurrencies that have practical application scenarios, such as siacoin for decentralized cloud storage, public confidence for decentralized big data transactions, etc.
How to invest?
Looking at the above, many netizens should have some preliminary understanding of cryptocurrencies such as Bitcoin (of course, we do not expect an article to understand the cryptocurrency here). The next step is how to invest.
First of all, we must admit that the value of cryptocurrency is more of a cognitive problem. There is no reason to say it. Even if it says so much, even if all the facts are in front of it, it is still recognized by some people and not recognized by others. Therefore, it is not necessary to insist on it. . If you do not recognize cryptocurrencies, it is best not to touch them.
If you recognize the value of cryptocurrency, then you can talk about investment strategies.
1.best to play only high quality coins
P2P has good platforms and bad platforms, stocks have good stocks and bad stocks, and cryptocurrencies are the same. Judging from a high-quality currency can be measured in several ways: whether there is innovation or improvement in technology, the strength of team development, the potential of application scenarios, and the degree of investor acceptance, such as some excellent Altcoin, XMR, QTUM.
2.long-term investment
The reason is simple. The cryptocurrency market is currently small and has great potential. Long-term investment imagination is greater than short-term speculation. Past experience has also shown that people who can hold on long-term are the ones who make big money. Although many early investors won the opportunity, But it was lost on this point.
3.Do not add leverage
The cryptocurrency itself has fluctuate enough. Sometimes it is normal to rise 1.time a day or 30% a day. There is no doubt that there is a great risk of explosion in adding leverage. Judging from past experience, it is very rare to make great money by playing leverage.
Finally, talk about my views on investing in cryptocurrencies:
Looking back at the history of Bitcoin, the concept that Bitcoin proposed in 2008 by Satoshi Nakamoto was born in 2009! At the time, the world was in a financial crisis, the dollar was devalued, and various monetary and economic systems were opaque, undisclosed, and unsound!
At the time of this international background, the first Bitcoin coin was born in 2009 was 0.3 US cents! The highest value is now up to 1252 US dollars. The current breakthrough of 751 US dollars a! 7 years time rose more than 20,000 times! This is a fact that many people can never believe!
In view of the above, Altcoins is the latest core technology after Bitcoin 7 years, its mining value, collection value, appreciation space, speculative space can not be measured!
The most popular investment market this year is the cryptocurrency. The price of Bitcoin was $1,095 from the beginning of 2017, and it has now reached $2817. Other cryptocurrencies are crazy, and gains like Ethereum and Ripple have exceeded 30 times.
In contrast, investment returns such as stocks, funds, gold, and P2P are much less. The cryptocurrency market is so mad that this article will tell you whether there is value in investment in these cryptocurrencies. To be sure, most people know little about cryptocurrencies such as Bitcoin and ETC.
When you want to invest in something, if you don't even know what it is, it will be very dangerous. So let's talk about the basics of cryptocurrency and what these cryptocurrencies are.
What is Bitcoin?
The concept of Bitcoin was first proposed by Nakamoto in 2009. According to Satoshi Nakamoto’s ideas, the open source software was designed and released, and the P2P network was constructed on it. Bitcoin is a P2P digital currency. Point-to-point transmission means a decentralized payment system. In simple terms, Bitcoin is money and it is a new type of currency.
How is bitcoin issued?
The bank's money is printed by the central bank, and bitcoin doesn't have a central institution like the central bank. Bitcoin is a decentralized account book, the account book needs to be absent from work to keep accounts, must give some rewards for absenteeism, absenteeism will get a certain amount of bitcoin. This distribution process is mining.
Is Bitcoin valuable?
At present, the currency of most countries is issued by the government. Usually we think that there is an "endorsement" of the government, so we feel that it is reliable. Bitcoin is just a program to produce something. How can we believe it is valuable?
When you understand the nature of money, it's obvious that the answer to Bitcoin's value is again. And Bitcoin, as a decentralized currency, is more obvious than the advantages of the legal currency:
1 .The total amount is constant and is not controlled by the central agency, which can avoid currency devaluation caused by spam;
2. point to point transactions are not subject to foreign exchange control.
What is NEO and Litecoin?
In currency circles, cryptographic coins other than Bitcoin are collectively referred to as Altcoin.
Some of these Altcoins are based on Bitcoin to do some improvements, such as LTC, NEO; some are borrowing Bitcoin technology, and also developed a system, such as Ethereum, etc.; some are based on bitcoin systems or other Altcoin systems, Developed cryptocurrencies that have practical application scenarios, such as siacoin for decentralized cloud storage, public confidence for decentralized big data transactions, etc.
How to invest?
Looking at the above, many netizens should have some preliminary understanding of cryptocurrencies such as Bitcoin (of course, we do not expect an article to understand the cryptocurrency here). The next step is how to invest.
First of all, we must admit that the value of cryptocurrency is more of a cognitive problem. There is no reason to say it. Even if it says so much, even if all the facts are in front of it, it is still recognized by some people and not recognized by others. Therefore, it is not necessary to insist on it. . If you do not recognize cryptocurrencies, it is best not to touch them.
If you recognize the value of cryptocurrency, then you can talk about investment strategies.
1.best to play only high quality coins
P2P has good platforms and bad platforms, stocks have good stocks and bad stocks, and cryptocurrencies are the same. Judging from a high-quality currency can be measured in several ways: whether there is innovation or improvement in technology, the strength of team development, the potential of application scenarios, and the degree of investor acceptance, such as some excellent Altcoin, XMR, QTUM.
2.long-term investment
The reason is simple. The cryptocurrency market is currently small and has great potential. Long-term investment imagination is greater than short-term speculation. Past experience has also shown that people who can hold on long-term are the ones who make big money. Although many early investors won the opportunity, But it was lost on this point.
3.Do not add leverage
The cryptocurrency itself has fluctuate enough. Sometimes it is normal to rise 1.time a day or 30% a day. There is no doubt that there is a great risk of explosion in adding leverage. Judging from past experience, it is very rare to make great money by playing leverage.
Finally, talk about my views on investing in cryptocurrencies:
Looking back at the history of Bitcoin, the concept that Bitcoin proposed in 2008 by Satoshi Nakamoto was born in 2009! At the time, the world was in a financial crisis, the dollar was devalued, and various monetary and economic systems were opaque, undisclosed, and unsound!
At the time of this international background, the first Bitcoin coin was born in 2009 was 0.3 US cents! The highest value is now up to 1252 US dollars. The current breakthrough of 751 US dollars a! 7 years time rose more than 20,000 times! This is a fact that many people can never believe!
In view of the above, Altcoins is the latest core technology after Bitcoin 7 years, its mining value, collection value, appreciation space, speculative space can not be measured!
