Cryptocurrency – The Way Forward and Possibilities

The birth of bitcoin in 2009 opened the door to investment opportunities in an entirely new type of asset class – cryptocurrency. Many entered space early.
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Intrigued by the huge potential of these fledgling but promising assets, they bought cryptos at bargain prices. As a result, they became millionaires / millionaires in the bull run of 2017. Even those who didn’t have much made decent returns.

Three years later cryptocurrencies are still profitable, and the market is here to stay. You may already be an investor/trader or thinking of trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.
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Cryptocurrency has a bright future

According to a report called Imagine 2030 published by Deutsche Bank, credit and debit cards will become obsolete. They will be replaced by smartphones and other electronic devices.
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Cryptocurrencies will no longer be seen as outcasts, but as an alternative to existing monetary systems. Their benefits such as security, speed, minimal transaction fees, ease of storage and their importance in the digital age will be recognised.
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Clear regulatory guidelines would popularize cryptocurrencies and encourage their adoption. The report predicts that there will be 200 million cryptocurrency wallet users by 2030, and nearly 350 million by 2035.

An opportunity to be part of a growing community
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#IndiaWantsCrypto by WazirX 600 days campaign just finished. It has become a massive movement to support cryptocurrencies and blockchain in India.

Also, the recent Supreme Court ruling overturning the RBI’s ban on crypto banking from 2018 has sparked a new confidence among bitcoin and cryptocurrency investors in India.
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The 2020 Edelman Trust Barometer Report also highlights people’s increased faith in cryptocurrency and blockchain technology. According to the findings, 73% of Indians trust cryptocurrency and blockchain technology. 60% say the impact of cryptocurrency/blockchain will be positive.

As a cryptocurrency investor, you will be part of a growing and thriving community.

Increase your earning potential

Diversification is a fundamental rule of investing. Especially in these times when most assets have suffered heavy losses due to economic difficulties driven by the COVID-19 pandemic.
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While Bitcoin investment has returned 26% year-to-date, gold has returned 16%. Many other cryptocurrencies have recorded triple-digit ROIs. We all know that stock markets have had bad returns. Crude oil prices fell below 0 in April.
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Including bitcoin or any other cryptocurrency in your portfolio would protect the value of your fund in the uncertain conditions of the global market. This fact was also surprised by billionaire macro hedge fund manager Paul Tudor Jones when he announced his intention to invest in Bitcoin a month back.
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Cryptocurrency markets are available 24X7X365

Unlike traditional markets, cryptocurrency markets operate around the clock, every day of the year without fatigue. That’s because digital currency systems are fundamentally designed using pieces of software code that are cryptographically protected.
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The operational plan does not involve human intervention. So you are free to trade crypto or invest in digital assets whenever you want. That’s a huge benefit! Cryptocurrency markets are very efficient in this way.

For example, Bitcoin has successfully processed transactions with a 99.98% uptime since its inception in 2009.

Tweet: No paperwork or formalities required

You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without unnecessary terms and conditions.

Unlike traditional investment opportunities, where an incredibly large amount of documentation is required to prove yourself as an “accredited investor”, crypto investing is free for everyone. In fact, that was the intended purpose behind the creation of cryptocurrency. Democratization of finance/money.
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To buy any cryptocurrency WazirX, you need to open an account for which you need to provide some basic details including your bank account information. Once verified, within a few hours, you’re good to go.
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Sole ownership of investments

When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction takes place in a peer-to-peer arrangement.

Unlike bonds, mutual funds, stock brokers, third parties do not “manage your investment” for you. You call it buying and selling whenever you want.
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User autonomy is the greatest benefit of cryptocurrency systems, which offer incredible opportunities to invest “independently” in your main capital and build a corpus.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your crypto investment journey.

Looking to invest your hard earned money in cryptocurrencies? If so, make sure you know you meet the criteria before making a final decision. Without considering the important factors, you can risk losing your money. There are many cryptocurrencies such as Blockchain or Bitcoin. In this guide, we will share with you some tips that you can follow before depositing your money. Read on to find out more.

1. Don’t invest too much

First, don’t invest any amount you can’t afford to lose along the way. In other words, it should be an amount of money that you do not need to meet your regular needs. If you lose your investment, your life should not suffer. It is not a good idea to take out a consumer loan to invest in cryptocurrencies.

2. Learn the subject first

Before making an investment, make sure you research the subject first. After all, there is no point in investing in something you have no idea about. For example, are you going to buy a house without looking around? Nobody will do that.

However, that doesn’t mean you have to become an expert before making this investment. What you need to do is to understand the general terms related to the industry.

3. Diversify your investments

Another thing is to focus on diversification. In fact, this concept is important regardless of the type of field you want to do business in.

In other words, you may not want to put all your money into one business. For example, if you have 10 eggs, you may not want to put them all in one basket. Use two baskets instead. This way even if you drop one basket and break all the eggs, you will still have half the eggs in the second basket.

So what you need to do is invest your money in different businesses such as real estate and cryptocurrencies.

4. Transfers between exchanges

Make sure you use a good cryptocurrency platform. With the help of this platform, you can buy any of the popular cryptocurrencies like ETH and BTC. If you want to buy another currency, you need to transfer your currency to an exchange. On these exchanges, you can trade your currency pair without any hassle.

5. Do your research

As mentioned earlier, you may want to do your research before making a move. Investing based on the advice of a friend or family member is not a good idea. You can use different mediums for homework such as Google, Skype, Discord, Telegram, Twitter, discussion forums and white paper to name a few. It’s important to take your time before putting money into a project.

So make sure you follow these tips before investing your money in the cryptocurrency world. This way, you can avoid common mistakes that most investors make. Hope this helps.

The value of Bitcoin has soared this year, even surpassing an ounce of gold. There are also new cryptocurrencies in the market, which is even more amazing, which is worth more than a hundred billion cryptocurrencies. On the other hand, the longer-term cryptocurrency outlook is somewhat dim. There are conflicts over the lack of progress among the main developers, which makes it less attractive as a long-term investment and as a payment system.

Bitcoin

Still the most popular, Bitcoin is the cryptocurrency that started it all. It is currently the largest market cap at around $41 billion and has been for the past 8 years. Around the world, Bitcoin has been widely used and so far there is no easy to exploit weakness in the method it works. As both a payment system and a stored value, Bitcoin allows users to easily receive and send bitcoins. The blockchain concept is the foundation upon which Bitcoin is based. It is necessary to understand the concept of blockchain to know what cryptocurrencies are.

Simply put, blockchain is a distributed database that stores all transactions on the network as chunks of data called “blocks”. Every user has copies of the blockchain, so when Alice sends 1 bitcoin to Mark, every person on the network knows about it.

Litecoin

An alternative to Bitcoin, Litecoin attempts to solve many of the problems holding Bitcoin back. It is not as resilient as Ethereum, especially with the value derived from strong user adoption. It should be noted that Charlie Lee, ex-Googler leads Litecoin. He is also working on transparency with what he is doing with Litecoin and is quite active on Twitter.

Litecoin was second fiddle to Bitcoin for a long time, but things started to change in early 2017. First, Litecoin was adopted by Coinbase along with Ethereum and Bitcoin. Litecoin then solved the Bitcoin problem by adopting Segregated Witness technology. This gave it the ability to lower transaction fees and do more. Decisively, however, Charlie Lee decided to focus his sole attention on Litecoin and even left Coinbase, where he was the Director of Engineering, solely for Litecoin. Therefore, the price of Litecoin rose in the last months, its strongest factor was that it could be a real alternative to Bitcoin.

Ethereum

Vitalik Buterin, the superstar programmer came up with Ethereum, which can do everything Bitcoin can do. However, its purpose is primarily to be a platform for building decentralized applications. Blockchains are the differences between the two. Basically, Bitcoin’s blockchain records a type of contract that indicates whether funds have been transferred from one digital address to another. However, there is a lot of expansion with Ethereum because it has a more advanced scripting language and a more complex and wide range of applications.

Projects started to emerge on top of Ethereum when developers began to notice its better features. Through token crowd sales, some have even raised millions of dollars and this is an ongoing trend even today. The fact that you can build amazing things on the Ethereum platform is almost like the Internet itself. This caused the price to skyrocket, so if you bought a hundred dollars worth of Ethereum this year, it wouldn’t be worth nearly $3000.

monero

Monero aims to solve the problem of anonymous transactions. Although this currency was perceived as a method of money laundering, Monero aims to change that. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain where all transactions are public and recorded. With Bitcoin, anyone can see how and where money was moved. However, there is imperfect anonymity in Bitcoin. In contrast, Monero has an opaque transaction method rather than a transparent one. No one is really sold on this method, but since some people love privacy at any cost, Monero is here to stay.

Zcash

Unlike Monero, Zcash also aims to solve the problems faced by Bitcoin. The difference is that instead of being completely transparent, Monero is partially public in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, not all people love to show off how much money they’ve spent on Star Wars memorabilia. So the bottom line is that this type of cryptocoin really has an audience and demand, although it’s hard to say which privacy-conscious cryptocurrency will eventually come out on top of the pile.

Banco

Also known as “smart tokens”, Bancor is a new generation cryptocurrency standard that can hold more than one token in reserve. Basically, Bancor tries to make it easier to trade, manage and create tokens, increasing the level of liquidity and allowing for automated market pricing. At the moment, Bancor has a product on the frontend, including the creation of a wallet and a smart token. There are also features in the community such as statistics, profiles and discussions. In summary, Bancor’s protocol enables the discovery of an internal price and liquidity mechanism for smart contract tokens through an innovative reserve mechanism. Through the smart contract, you can instantly liquidate or buy one of Banco’s reserve tokens. With Bancor, you can easily create new cryptocoins. Now who wouldn’t want that?

EOS

Another competitor to Ethereum, EOS promises to solve Ethereum’s scaling problem through a set of more robust tools for running and building applications on the platform.

Tezos

An alternative to Ethereum, Tezos can be upgraded by consensus without too much effort. This new blockchain is decentralized in the sense that it is self-governing through the establishment of a true digital commonwealth. It facilitates a mathematical technique called formal verification and has features to increase the security of the most conscious and financial smart contract. It will definitely be a big investment in the coming months.

The verdict

It is extremely difficult to predict which Bitcoin on the list will become the next superstar. However, user adoption has always been a key success factor when it comes to cryptocurrencies. Both Ethereum and Bitcoin have this and while there is a lot of early adopter support for all the cryptocurrencies on the list, some have yet to prove their staying power. However, these are the ones to invest in and watch out for in the coming months.

If you’ve been investing in cryptocurrencies, you know that keeping an eye on market conditions is extremely important. As an investor, you need to be aware of what is happening with different currencies and what other traders are saying about the future.

Therefore, if you want to make wise investment decisions, it is better to consider cryptocurrency predictions. Fortunately, there are many sources online that allow you to research and search for predictions. This will help you stay ahead of others in the market. Make sure you stay away from scammers and other schemes that claim to make you rich overnight. Below are some credible sources of predictions that will help you succeed as an investor.

TradingView

If you’re looking for a reliable forecast source, check out TradingView. This platform offers great graphics tools that everyone can use. It doesn’t matter whether you are a beginner or an advanced user. This platform allows you to learn how different types of cryptocurrencies are performing over time. So you can predict their behavior in the future.

One of the main reasons why this platform offers reliable predictions is that it has a large community of experienced investors who are always ready to share their knowledge. In fact, more than 3.3 million active investors are part of this platform.

Finder.com

Finder is your perfect source for valuable information on cryptocurrency futures from a variety of trusted authorities. In fact, Finder regularly consults financial and cryptocurrency experts and publishes their predictions for other investors.

In addition, the platform works with panelists from different sectors, such as news, finance and technology. Based on discussions with these professionals, Finder can make accurate predictions.

Bitcoin Wolf

Bitcoin Wolf is another great platform that can provide accurate predictions about cryptocurrencies. By joining the chat room on this platform, you can chat with other experienced investors around the clock. Apart from this, you can take advantage of other great features offered by the platform such as real-time alerts, peer-to-peer advice centers, technical analysis and more.

This place is the best platform to talk about the future of these currencies. And the great thing is that experts will give you a deeper insight into this world and help you make informed decisions.

When it comes to investing in cryptocurrencies, make sure you do your homework first. It’s a great idea to keep the forecast in mind so you can make the right decisions along the way. You should pay attention to what other experienced investors think about the future. In addition, you may want to get the perspective of industry experts.

Final Thoughts

So if you look at the sources above, you’ll get to know the minds of other investors in the industry. Doing so will allow you to make better decisions, which will ensure that your business is profitable. It is best to check the forecasts regularly.

All over the world, human life expectancy has increased by leaps and bounds. Compared to the 1950s, it has increased by 50% and compared to the 1980s, it has increased by 30%. Long gone are the days when company-sponsored pension plans alone were enough to get through the golden ages in a relaxed and worry-free manner.

Today, with other expenses such as housing, education, healthcare, etc. rising, many people find it increasingly difficult to save for retirement.

Unfortunately, the bitter truth is that people of all generations are not saving enough for retirement. Saving is one of the least epic crises in the entire world.

“Retirement is complicated. It’s never too early or too late to start preparing for your retirement.”

Thus, people are looking for alternative options that offer higher returns in a shorter period of time. Traditionally, real estate, private equity and venture capital were sought after. Now, a new and additional money-making and money-making investment has come into the picture: enter cryptocurrencies.

Cryptocurrency Investments – For those who don’t want to put all their eggs in one basket

One of the biggest advantages of cryptocurrency investments is that it decouples your portfolio from the reserve currency. Say, if you live in the UK, you will have shares in UK companies in your retirement portfolio if you have active equity. What will happen to your portfolio if the British pound falls? And given today’s changing political scenario around the world, nothing is certain.

Therefore, cryptocurrency investments make the most sense. With digital currency investments, you are creating a basket of digital coins that acts as an effective hedge or safe bet against reserve currency weakness.

The average investor should allocate only a small portion of their retirement assets to crypto due to its volatility. But volatility can cut both ways: think back to health care stocks in the 1950s and tech stocks in the 1990s. It was the smart early investors who made it big.

Don’t get left behind or get lost. Include crypto in your assets to start building a truly diversified portfolio.

Cracking the Wall – Build your confidence in Cryptocurrencies

One of the biggest and biggest hurdles that most first-time crypto investors face is that they can’t trust digital currencies. Many people, especially people who are not tech savvy or are close to retirement, have no idea what a promotion is. Unfortunately, they do not realize and appreciate the many potentials of cryptocurrency.

The reality is this – Cryptocurrencies are one of the most reliable assets, backed by the latest technology. Thanks to the blockchain technology that powers digital currencies, it is possible to trade instantly and indelibly without third-party verification. It is a peer-to-peer system that is completely open and runs on advanced cryptographic principles.

Retirement Planning Funds Should Work to Demystify Cryptocurrencies

To build trust and gain people’s support, retirement planning funds must educate investors about the endless potential of cryptocurrencies. To do this, they need advanced analytics that help provide reliable risk analysis, risk/return metrics and reliable projections.

Additionally, investment firms can establish specialized cryptocurrency advisory services to help and guide new investors. In the coming years, we can expect to see the emergence of a large number of AI-based smart advisors; these will help calculate appropriate investments based on an individual’s time horizon, risk tolerance and other factors.

Human advisors can work alongside these smart advisors and provide personalized consultation and other suggestions to clients when needed.

The need for more Visibility and Comprehensive Control

Retirement investors looking to add cryptocurrencies to their asset portfolio need more control and visibility as they experiment with this new asset. Look for platforms that let you combine all your assets in one place. An integrated solution that allows you to manage and balance all your assets, including traditional stocks like bonds and stocks, with new asset classes like cryptocurrency portfolios.

Having such a comprehensive platform that supports all your assets gives you a complete portfolio analysis, helping you make better and more informed decisions. This way, saving for your goals gets you to the end goal faster.

Look for investment planning portals that also offer additional features such as periodic contributions to cryptocurrencies at scheduled or unscheduled intervals.

Advances in Cryptocurrency Investing Support Technologies

Cryptocurrency investing will become mainstream only when assistive technology allows investors to seamlessly trade the coins, even for new investors who lack the knowledge. It should be possible to exchange one digital coin for another, or even for fiat currency and other non-tokenized assets. When possible, this will remove the middleman from the equation, thereby reducing costs and additional fees.

With the maturity of technologies that support cryptocurrency investments and trading, the value of digital currencies will increase even more as the currency becomes mainstream with wider accessibility. This means that early adopters will benefit greatly. As more and more retirement investment platforms integrate cryptocurrency, the value of digital currencies will increase offering early adopters like you huge profits.

If you’re wondering if retirement investment platforms will take a few years to see the light of day, then you’re wrong. Auctus is one such portal that is currently in the Alpha phase of its launch. It is the first retirement wallet platform that includes digital currencies. Auctus users can get investment advice from both human and AI-powered analytical tools.

For now, users can save for retirement using Bitcoins, Ethereum and many other digital currencies. Additionally, users can use the automated rebalancing feature that allows them to automatically adjust their portfolio using a set of preset rules.

This holistic approach ensures that users can achieve their retirement goals sooner by making the right investment choices or decisions.

Final Thoughts – Cryptocurrencies should not be neglected in your retirement portfolio

Yes, it is true that cryptocurrencies are very volatile. In fact, there are speculations on the internet suggesting that “cryptocurrencies are just a get rick quick scheme” and the bubble is likely to burst at some point in the near future.

Uncertainty doesn’t mean cryptocurrencies shouldn’t be part of your retirement portfolio, even for short investment periods. On the other hand, the current decline in cryptocurrency prices in 2018 means that you have a rare opportunity to generate profits.

Greater trust, holistic and directly controllable investment management capabilities, and advances in supporting technologies ensure that digital currencies are an excellent investment option for your retirement portfolio.