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Should You Invest In Cryptocurrencies?

Do your friends talk about crypto all the time, and you are tired of hearing it but still yet somehow intrigued but not sure about investing and want to learn how to invest in cryptocurrencies and be able to comment or even discuss this with your friends and families? Well, after reading this article, you will know the basics of crypto!

Real-time cryptocurrency news

There are many types of cryptocurrencies that you can invest in, but the top few include Bitcoin and Ethereum, and they come into fruition in the long term. 

 

Firstly, Bitcoin is a decentralised digital currency invented in January of 2009 under the anonymous name of Satoshi Nakamoto. It may be one person or a group of people, but they are yet to be identified. Bitcoin offers a lower transaction fee compared to the traditional transaction methods.

 

To gain profits from Bitcoin, you need to know and understand the charts and keep up with the real-time cryptocurrency news to predict and decide what to do. Usually, when the bitcoin is high in demand is an excellent time to sell if you wish to exchange it for cash, but it is not a good time to buy cause when the demand is high, then naturally the exchange rate or the price of the cryptocurrency will increase. 

 

Ethereum, on the other hand, is powered by a blockchain technology that is known for its native currency or also known as ETH. this is what makes Ethereum secure, safe and trustable. The Ethereum concept is credited to Vitalik Buterin and published in 2013, much later than Bitcoin. With the assistance of Joe Lubin, the founder of the blockchain software company called ConsenSys. An event in the past caused it to split into two, Ethereum and Ethereum Classic. Since then, ether has risen in the crypto industry and become the second-largest cryptocurrency by market value, coming after Bitcoin. 

Real-time cryptocurrency news

How it comes down to the question, should you invest in cryptocurrencies? Well, it comes down to your decision. The end goal for cryptocurrencies is to be used as the only currency to be used for transactions, entirely omitting out the other fiat currencies such as US Dollars, Malaysian Ringgits, and others. It may take some time, but in the long run, early investors will definitely gain profits out of it as the big plan is still on its way to fruition. Therefore, it is good to invest now. 

 

If investing in bitcoin or Ethereum sounds too risky because of how volatile it can be based on its demand, you can opt for investing and buying stocks in other companies that facilitate cryptocurrencies such as Coinbase, Square and Paypal. It is much safer if you are looking for a much more stable market. 

 

Since now you know and learn the basics of crypto, you can learn a more complex and intermediate level of crypto here. Good luck with your investments!

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