Option cryptocurrencies: a fantastic investment opportunity or even a new bubble?

The world of digital monies isn’t just about bitcoin. Concerning capitalisation, the market share of the oldest cryptocurrency dropped below 50% in the end of 2017 and also the down tendencies goes on. In December 2016, bitcoin’s share of this entire cryptocurrency marketplace was 90%, whilst in the meantime manyother cryptocurrencies cameinto presence closing the gap considerably.
These monies called altcoins (other cryptocurrencies”) are hailed by many investors. No wonder, the pace at which they emerge is dramatically accelerating. The total value of some selected altcoins as of 1 January 2017 was as follows:
Ethereum: USD 86 billion,
Ripple: USD 108 billion,
Litecoin: nearly USD 14 billion,
Monero: USD 6.1 billion.
Bitcoin Cash is a remarkable phenomenon as well. It emerged after splitting from Bitcoin (known as a hard fork) in August 2017 as a result of long-term disputes within the bitcoin community. Nowadays, its value is USD 41 billion, primarily owing to the entry to Coinbase. However, some voices point out to unfair manipulative practices with the value of the new crypto.
Miners and investors — another side of the coin
Similarly to bitcoin, most of altcoins get into the digital deposits through mining. Miners provide the blockchain system with computing capacity in order to carry out crypto transactions (transfer of cryptocurrency from one wallet to another). They get a reward in form of new units of the digital currencies.
To avoid devaluation, the final number of units is limited from the start (ethereum is an exception). The reward for the computing capacity declines exponentially and the mining process is more and more affected by the growing demands for hardware.
With the declining efficiency of the mining process the position of cryptocurrencies is still good enough to motivate miners to execute crypto transactions. The growing rewards for the processing of blockchain operations play also a role (e.g. each bitcoin transaction is charged a few cents or dollars).
Era of new cryptocurrencies
The second half of 2017 was the first golden age of digital currencies. The total value of all cryptocurrencies reached hundreds of billions US dollars.The same as real estate or gold, bitcoin has become a strong investment instrument.
In parallel, dozens of new cryptocurrencies are emerging. Right now, there are more than a thousand cryptocurrencies, of which only a handful is worth attention. Visionary ambitions are associated for instance with the OTN token. The Open Trade Network” theory aimed at interconnecting individual blockchain networks using yet non-existing cross-chain technologies to generate the market of cryptocurrencies easier without needing to rely on third parties.
The coming of fresh altcoins can be accompanied with a brand new phenomenon — first coin offerings. ICO signifies a prioritised offering of cryptocoins to your chosen investors to empower additional capitalisation. Before, the happening of ICO has been the driving capability for the growth of Ethereum’s cost.
The principle of ICO is much like the one used for its first start-up investments throughout the initial boom of internet businesses, providing birth to giants like Google, eBay or Amazon currently having colossal effect on their businesses. The very same ambitions are anticipated from the electronic monies.
Where to get altcoins
The simplest way to receive new cryptos is exploration. (The explanation of the procedure is beyond the scope of this essay ). Another option is to get the cryptos in markets.
Don’t be shy! Go to reliable exchanges with a proven track of altcoin trading that are trusted by a large community and experts such as Coinbase or CoinMate.
Think twice before you start. Fraud may occur in the currencies in circulation. Fraudulent issues of altcoins (known as scamcoins”) haves stolen money from a number of investors. As an illustration of like a Ponzi scheme I will name OneCoin. The promoter of this job — Onecoin Ltd. — set its own interests over those of the shareholders selling the crypto when the value attained a rewarding level.
The Way to Earn Money with altcoins
You may be conventional user exchanging USD to get cryptocurrency at a particular pace, like when buying different monies for your vacation overseas.
Depart from your altcoins on your wallet or in a market. Later on, when the value of your cryptocoins has improved, take the crypto and convert it into your previous money. Ideally, you’ll find a multiple of your first investment. In the event that you had retained all of your cash in bitcoins from 1 January 2017 to 31 December 2017, you’d have earned about 1300 percent, i.e. 13 times as far as you’d in the start of the year.
On the flip side, you may use cryptocurrencies for Indices and make money at the brief run in precisely the exact same manner as on Forex. You can do this for example with IQ Option.
Trade altcoins using IQ Option
With the conventional method of holding cryptocurrencies, you can’t utilize leverage for trading. It may be better to not use it, since it may appear hard to comprehend at the start. But, there’s not anything that complex about leverage trading as it might seem at first sight.
Leverage trading offers you to multiply your first investment. In the event you have in your trading accounts, allow ‘s state 10 000 USD and utilize a leverage of 1:10 it is possible to open trades as though you’d on the accounts 100 000 USD. Your earnings will be ten times larger. The terrible thing worth mentioning is the exact same principle also applies to the contrary path, when you’re losing.
Leverage trading is offered from the following agents: