Wednesday, August 16, 2017

The wild world of cryptocurrency—and how it could make you rich

The wild world of cryptocurrency—and how it could make you rich

When Bitcoin debuted in 2009, its early adopters bought up large amounts of the digital currency for pennies. Since then, Bitcoin’s value has increased dramatically, turning several of those initial investors into millionaires. But the economics surrounding Bitcoin and other forms of digital currency like Ethereum, Ripple, Litecoin, and most recently, Bitcoin Cash, all dubbed “cryptocurrency,” can be unpredictable and complicated.


One huge benefit to using cryptocurrency is that it can't be stolen or counterfeit. When digital currencies are exchanged, they're converted into illegible code that not only makes them secure but also makes the sender and receiver appear anonymous. Unlike normal currency, digital currencies are not government regulated. No high bank fees, no fluctuations based on government regulations, and no corrupt bank antics. Sounds pretty nice, right?


Unfortunately, with decentralization comes instability, and cryptocurrencies are known for being highly volatile and unpredictable. Like most high-risk investments, this leaves opportunity for reaching ridiculous levels of wealth (meaning you can finally blow your nose in hundred dollar bills).


For the average person to achieve success in cryptocurrency marketplaces, he or she will need to get learning. That’s where the Beginner’s Guide to Cryptocurrency Investing comes in. It will give you all the knowledge you’ll need to make smart choices and turn your physical cash into a sizable digital stash.


Full story at http://on.mash.to/2uNKgo4


Source: Mashable


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