Posts tagged: blockchain

The crypto craze is far from over so look around!

At the start of this post Bitcoin was worth $10,759.43 U.S.D via Google search  and when it comes to crypto currencies, which are not considered currencies at all by most Governments around the World, most people have very little understanding of them. I for one was one of them until recently and even still do not consider myself to be an expert on the subject of them by any means but rather I have a  much better understanding of them now since researching them and the technologies behind them for a couple of years. Enough so that I decided to write a blog post about them to help people better understand them and what to look for in some of the new ones to come out over the years.

So first off when it comes to cryptocurrencies the first and foremost is Bitcoin, which runs off a system called the blockchain which anyone can download the Bitcoin code on Github and start their on bitcoin with it. The second major cryptocurrency is called Ethereum and it runs off of blockkchain technology to but allows for others to tap into there block chain and make there own currency based on a couple simple inputs rather than having to manually code there own. Kind of like Apps for your browser work.

When it comes to getting rich off of either of these crypto coins I would tell most people no, I do not think you can or will if you invested your money on today’s costs of either. I do believe many people have gotten rich off the rise of the price of both coins since there launches but where both prices stand today i do not think the average person could make very much off investing in either coins but it cost to much to get in on either one. So that brings me to my next point which is everyone in the World that has average finances and average savings or investment money to work with wants in on the next Bitcoin. The premier time to get in would be when it starts off at pennies or less to buy 1 coin than the coin rises to hundreds if not thousands of dollars on exchanges and ofcourse the faster it rises to these amounts the better so they can cash out and get rich quick.

I do believe this is still possible with many future cryptocurrencies and how rich and how fast the next coin that comes along rises depends on  a lot of different factors, one of the main ones being adoption by the online and offline communities and being list on various public and cryptocurrency exchanges around the World. A good coin name says a lot to me about a coin but not much to all. A good .com means alot to me as well but little to many ICO investors as many coins use .io and .nets and other domain extensions to run there coins off of. So where can one watch and see where the next BIG cryptocurrency is coming? Coinbase has a couple of great resources for everyone looking to invest in this space that people should check out and read over for themselves. I for one refuse to publicly make my buy choice for the next coin for now but I can tell you I plan on investing on crypto coins down the road.

Like always make sure you do your own research and development of your investment plan and always consult with a financial advisor before making any decisions on investing in anything especially cryptocurrencies but in the end it will be your decision on what you want your money to be invested in so make sure to choose wisely and gt as much information about whatever it is your investing in and seek the advice or trained and license financial professionals whenever and wherever possible when it comes to investing your hard earned money. I for one will not invest more than $1,000 in crypto currencies this year and you should come up with an amount that is comfortable to you should you try to invest in them to a good rule of thumb i use when it comes to investing is to always know when to say this is to much and when to stop before you even start investing your first cent into anything.

Time has done a great article and video about and called Cryptocurrency Investing: Are Bitcoin and Ethereum Safe?

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