The final month of 2017 saw the value of Ripple rise from $0.25 to $3.75— that’s a 1,400 percent price increase in one month.
In the age where digital technology has come to operate much of the infrastructure of global communications and commerce, many people are looking to find ways of furthering the role and importance of this progress by digitizing more aspects of life. With many people and institutions becoming skeptical and fearful of the American dollar and other forms of hard currency, the impulse to create new digital forms of currency has been strong. In this new field of exchange, known as cryptocurrency, the money of a system exists and is traded digitally without a physical representation. The most influential forces in the cryptocurrency market include Bitcoin, Ethereum, and Ripple. If you have only heard of Bitcoin, chances are you haven't thought much about this rising industry, as there are ample cryptocurrencies to consider buying over Bitcoin if you already missed out. Though held with skepticism by many, certain countries and financial institutions have begun to recognize certain digital currency, an important step in the development of these systems. While the average person is inclined to think of investing in Bitcoin when thinking of cryptocurrencies, it is important to note that not all fiat currencies and cryptocurrencies are the same, for a variety of reasons. For instance, one of the fastest expanding currency networks is Ripple, which is operated quite differently than Bitcoin, Ethereum, and others in the field. Below are some reasons that Ripple is different from other cryptocurrencies.
Cryptocurrencies like Bitcoin and Ethereum hold great potential for the future of the economy. Unfortunately, just like every other new technology, the blockchain technology used to support these decentralized currencies is also used by some for nefarious purposes, so you should be aware of the some of the cryptocurrency scandals that have left people in the red. In particular, there are several surprising stories of Bitcoin wallets and other cryptocurrencies that were proven to be scams, allowing for the idea that there are signs you shouldn't invest in crypto. Here are some of the scams we know about.
Cryptocurrency is often framed as one of the most fascinating fields in the tech world, and it is. It's a world where blockchain technology can do anything—including end world poverty, create a new financial ecosystem, and also make money transfers easier than ever.
Monetizing your website is not an easy task. Traditional ads are not what they used to be. You can barely make a buck or two per week and your readers may feel harassed by too much ads.
Are you ready to stop sitting on the sidelines and jump headfirst into the cryptocurrency arena? Doubling, tripling, and in some cases, enjoying over 1,000x increase in value is not unheard for smart investments. Knowing the bitcoin influencers to follow, all of the cryptocurrency slang, and bitcoin alternatives can only increase your chances of scoring big in the crypto world. But before embarking on the journey that is cryptocurrency, you'll have to learn about all there is to know about investing in cryptocurrency for beginners.
There's an apocryphal tale making the rounds on the web about a guy who, on a lark, bought a few hundred dollar's worth of Bitcoin in its early days and, after storing the digital info on a memory stick, threw it into the dark recesses of a desk drawer, promptly forgetting all about it.
Investing is an act that is done for one primary reason: because we want to see returns. The return can be personal, such as wanting to see a business or a person succeed—or it can be financial, such as wanting to make money off an investment.
If you want to invest in cryptocurrency, then chances are you probably feel like you might have missed the Bitcoin boat. (Mathematically, this is also probably true.) However, you shouldn't mourn all that missed potential quite yet.
Bitcoin has been skyrocketing in price, and more people than ever before have started to have Bitcoin wallets as a result. But it's not exactly a sterling investment. Many experts believe that Bitcoin is flawed, and truthfully, there are a lot of downsides to buying Bitcoin most hype-believers won't want to admit to.