Investment in Cryptocurrency Bitcoin & LiteCoin – The Present and the Future

Investment in Cryptocurrency 

Humans have evolved a lot in the field of financial transactions from past generations. Starting with barter system, and then came the metal coins, currency papers, and plastic cards to digital wallets and now cryptocurrency. This virtual currency is distributed and has no principal banking system to monitor the payments and services. Cryptography standard is used for these digital transactions taking place directly between the users.

Bitcoin – The Present and the Future 

Bitcoin has taken its form as a way of paying the mining process and is released as open source software. With no middlemen and ease of doing international transactions, most of the small and medium businesses are inclined towards doing Bitcoin transactions. This is one of the prime reasons for a sharp price rise of this cryptocurrency in 2017 to around $14,200.

A user can acquire bitcoin from the specifically termed marketplaces known as bitcoin exchanges. Many of the users do transaction using this currency while others hold it as an investment option.

The CME group based in Chicago is planning a deal promotion for Bitcoin futures this month. To join this is the NASDAQ stock market with a site on supplies for Bitcoin futures early in 2018. Well this promises a better future for Bitcoin.

There are certain countries where Bitcoin transactions are banned. Vietnam, China and 6 other countries is where Bitcoin transactions are considered illegal. This ban comes in the wake of this cryptocurrency being widely used for drug trading and money laundering.

As we weigh the pros and cons of this virtual currency, there are more loopholes in this format which makes us think that is this a Bitcoin Bubble?

Security Vs Secrecy: 

Every user wants their financial transactions to be secure, no doubt Bitcoin offers that but it comes with a hidden loop of Secrecy. It means the user can never know the details of the buyers and sellers as they can see only their wallet ID’s.

The cryptocurrency world offers another currency known as Litecoin. The name is Lite but its transaction speed is faster than that of a bitcoin. With more limit of coins i.e. up to 84 million, Litecoin is the preferred format for less expensive transactions.

You can visit companies such as Coinbase or following link for doing any transactions on Litecoin, Bitcoin Cash, Ethereum and Bitcoin

Buy and Sell Bitcoin

Code of Practice:

With no proper regulations, unlike the traditional currency formats the future of bitcoin remains bleak. With over 16 million bitcoins in circulation it looks growing at one time but again the steep increase in the rate and a sudden fall raise doubts that is Bitcoin Bubble?

One of the alternatives to Bitcoin is the faster Litecoin. This has a better technology and uses the same protocol as Bitcoin. It’s on a positive path from the inception and is operated on all foremost exchanges with high liquidity; Litecoin can be the next big thing to Bitcoin.

A share in the rise of Bitcoin is owed to the excitement and buzz it created when entering the market.

For any trading on Bitcoin and Litecoin you can visit:

Coinbase

Is Bitcoin called a bubble due to the ignorance in this cryptocurrency format or a Brilliant invention after understanding how it works?  It is the current trend and how the future unfolds for this virtual currency let’s wait and Watch.

How To Make A safe investment in Crypto Currency

How To Make A safe investment in Crypto Currency

There was a time most people thought that crypto currency was one of those investments that may never see the light of a day. There are many ways you invest in this treasure; like buying bitcoins and litecoins. Even those who were sitting on the fence are ready to invest in crypto currency. 

Today, we have seen people who are ready to invest in things that are literally worthless like the tulip bulbs, Beanie Babies and postage stamps. We called these types of investors, collectors. However, we have seen something that is better in price and return, the crypto currency.  One of the questions people ask is does investing on bitcoin have real value?

 Interestingly, Blockchain technology is getting more popular because of the price surge of some crypto currencies like litecoins and bitcoins. The alarming rate of the increase in price of bitcoin has given people reasons to take the bull by the horn and invest on it.  A lot of investors are trying to find a way to break into this lucrative marketplace. 

There is a difference between stock market and crypto currency. When people invest by sharing shares in a company, they are dependent on the stock market to either raise or reduce their returns. However, investing in litecoins and bitcoins are different, you are given a digital token that are designed to serve many financial purposes. 

Cypto-Currencies You Can Invest In

There are different platforms like CoinBase you can make use of when dealing with cypto currencies. With the numerous cypto currencies to deal with, there are two that are great for investment: 

Litecoin: 

In the last year, there was an increase of more than 2000% in litecoin. This is amazing and also cheaper for those who may not have enough money to invest in bitcoin. Litecoin is a digital peer- to-peer currency that is perfect for people who are new in the business of investing on cypto currency.

Bitcoin: 

Almost everyone knows about bitcoin. Bitcoin has taken over the news space of the financial sector. It has always been trending because of the way it is raising almost every day.The bitcoin has been designed not to be affected by inflation. This is great news for those who are scared of the currency crumbling in the near future. The maximum number of bitcoin that can ever exist on earth has been designed to be at 21 million. It is not possible to get to this number anytime soon. Trading on these currencies is carried out on special exchanges to prevent problem in transaction. 

Are you still thinking if these investments are worth it? When you are ready to start your cypto currency investment, you can start with  CoinBase. There are hundreds of online platforms that deal on these currencies. For you to be safe, it is best that you make use of a trustworthy platform that is friendly and easy to use. 

Whether you are buying or selling your coins, this platform will help you with your financial support. At the end of the day, you are the one to reap massively from the options that would be offered you by coinbase.