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CRYPTOCURRENCIES BUY? OR SELL?

Is it profitable to invest in cryptocurrencies?

Anyone can make big profits by investing in cryptocurrencies.
You just have to invest at the right time, like in December 2017, when nobody could lose.
But investing at the right time requires luck.
Only those who improve their cryptocurrency investment strategy every day achieve it with assured success.
Cryptocurrencies have gone from an unknown plane to a protagonist.
In recent years, the concept of physical money as it is known has evolved and has given way to digital money or so-called cryptocurrencies.
In fact, currently 3% of people in the world are directly trading cryptocurrencies and it is a number that is progressively increasing.
If lately you are just wondering if it is profitable to invest in cryptocurrencies, rest assured, IBGroup is going to give you an answer to that question.
Cryptocurrency

Should I consider investing in cryptocurrencies?

Cryptocurrency
A cryptocurrency is a type of digital currency and payment system that does not depend on the traditional payment networks that we have become accustomed to.
Cryptocurrencies are decentralized.
They are not issued by a Central Authority, such as a Bank or a Government.
Cryptocurrencies are based on Blockchain technology, a computer network completely independent of centralized control that keeps track of all transactions from the past and those that will take place in the future.
Investing in cryptocurrencies is becoming increasingly popular every year.
It is a global investment opportunity available to anyone anywhere in the world.
They are a highly profitable instrument, very volatile and have a certain risk factor.
Cryptocurrencies are becoming an acceptable means of payment worldwide.
Blockchain technology is reliable, it cannot be counterfeited, manipulated or changed.
No other technology allows money to be sent from one part of the world to another without an intermediary to carry out the transaction.
It is the cheapest way to send money from point A to point B known today.
You are in full control of your money!
No questions asked.
All you need is a computer, or a mobile phone and you can make transactions with whoever you want, whenever you want!
Speed is what differentiates cryptocurrencies from traditional banking.
Although a bank transfer can sometimes take up to 2-3 days (something that the Swift gpi system is demystifying, due to the speed of the transfer between entities adhered to its “gpi” system), a cryptocurrency transaction is settled in a few minutes. Some are confirmed in seconds.
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So, what else makes cryptocurrencies so valuable?

Their offer is limited. A maximum supply means the maximum number of coins that will exist for a given cryptocurrency.

Let’s think about this for a moment.

How is the paper money that we use every day created? Central banks and governments print it when they need it. Bitcoin does not work that way.

You cannot press a button and create more Bitcoins or add new sheets of paper to the press. Cryptocurrencies are scarce.

The smaller the amount of a major asset that exists, the more valuable it becomes.

Bitcoin and many other cryptocurrencies are created using a method known as mining.

Mining refers to solving complex mathematical problems that produce new bitcoins.

How much to invest in cryptocurrencies?

Anyone who has access to a computer, or a mobile phone can invest in cryptocurrencies. Everyone can afford them.

Depending on your budget and your goals, you can invest as little as € 1 or € 1,000,000. There are no limitations to what you can do.

The only limitations can be established through the exchange in which you are buying your cryptocurrencies.

Especially for young people, cryptocurrencies are considered the fastest way to obtain wealth.

Always remember to invest only what you can afford to lose and diversify your portfolio.

“Don’t put all your eggs in the same basket,” advise investment experts.

Cryptocurrencies and Blockchain technology are still in their early stages and these assets will dominate the market in a few years.

Our generation has had the opportunity to invest in the future of the Internet.

30 years ago, during the .com era, many of us did not have the opportunity to participate.

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Will we make the right decision now?

The best cryptocurrencies to buy…

1) Ethereum

Ethereum is the second largest cryptocurrency in terms of market capitalization and is at the top of the list for daily traded volume.

Ethereum was created by Vitalik Buterin in 2014 and is the largest platform for decentralized applications also known as DApps. Ethereum is the platform and Ether is the currency used on the Ethereum platform.

Like Bitcoin, the Ethereum platform is decentralized and allows people to connect directly through a powerful supercomputer without the need for a central authority.

How does Ethereum work?

Ethereum works thanks to Smart Contracts, a set of conditions and actions created by its developers and executed by the network taking into account a set of defined rules.

Is Ethereum still a good investment? Yes, it is! Due to the capabilities of its smart contracts, Ethereum is very popular and valuable.

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Cryptocurrency

2) Bitcoin

Bitcoin is the world’s first and largest and most popular cryptocurrency on the market.

It was created in 2009 by Satoshi Nakamoto, an anonymous software developer whose identity has not been revealed to this day.

He had a vision of a separate payment method that could be transferred without using banks.

It’s hard to think of a crypto wallet without Bitcoin.

There are several reasons why Bitcoin has always been considered a reasonable investment.

Bitcoin is decentralized: There is no central institution that controls the supply of Bitcoin.

Bitcoin supply is limited. Fiat currencies can be printed as needed and are unlimited in supply.

Bitcoin has a maximum supply of 21 million Bitcoins and more than 18 million have already been mined.

Bitcoin transactions are anonymous.

Since Bitcoin is not governed by a central entity, users do not have to identify themselves to transact.

However, once confirmed, Bitcoin transactions cannot be reversed, changed, or deleted.

3) Litecoin

Litecoin is a fork of Bitcoin and a decentralized global open-source payment network.

It has an experienced development team working on it, led by Charlie Lee, who worked for Google and Coinbase.

Litecoin is a very innovative currency and has introduced several improvements and innovations in blockchain technology that were later also accepted and implemented by Bitcoin.

Those include SegWit and Atomic Swaps.

In terms of daily volume, Litecoin is one of the most widely used cryptocurrencies due to its close to zero cost instant transactions.

This also makes Litecoin an excellent option for buying other cryptocurrencies. You have over 400 trading pairs available on a long list of exchanges.

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So, is it profitable to invest in cryptocurrencies?

There is no doubt that digital money is the future, so it is always good to go into an investment with a future, although it is also advisable to bet on low-risk financial products based on your investment profile.

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