Cryptocurrency Investment Strategy Masterclass: Investing in the cryptocurrency market space is often complex, especially for traditional investors. This is because investing directly in Cryptocurrency requires the use of new technologies, tools and adopting some new concepts. If you decide to dip your toes in the Cryptocurrency world, you will need to have a clear picture of what to do and what to expect. Intelligent Cryptocurrency Investment Strategy Masterclass is a premium education & community membership to help beginners & advanced get started with cryptocurrencies.
- Getting Started With Cryptocurrencies (Cryptocurrency Investment Strategy Masterclass)
- Why Should You Trade in Cryptocurrency?
- 6 Benefits of Investing in Cryptocurrencies
- What You Will Learn In Today's Cryptocurrency Investment Strategy Masterclass
- How Does Cryptocurrency Gain Value?
- Factors that Determine the Value of Cryptocurrencies
Getting Started With Cryptocurrencies (Cryptocurrency Investment Strategy Masterclass)
Be it Bitcoin, Litecoin, Ethereum, or any of the 1300 tokens, buying and selling cryptocurrencies require you to choose an Exchange that deals in the products you want.
Being the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so dominantly that the terms crypto and bitcoin are sometimes used interchangeably. However, the matter of fact is that there are other cryptocurrencies as well that can be relied upon for making crypto investments.
Litecoin: Litecoin, also referred to as ‘silver to Bitcoin’s gold’ is an open-source decentralized payment network that functions without involving an intermediary.
How does Litecoin vary from Bitcoin? Well, both are similar in many ways, however, the block generation of Litecoin is much faster than that of Bitcoin. This is making investors around the world open to accepting Litecoin.
Charlie Lee, a former engineer at Google founded Litecoin in 2011. Though Litecoin does not have the anonymity technology of Bitcoin, recent reports have shown that Litecoin is preferred after Bitcoin because of its persistence. Another factor that favors Litecoin is the Bitcoin SegWit technology which means secure peer-to-peer trading of currencies without involving exchange participation.
Ethereum: Launched in the year 2015, Ethereum is a decentralized software platform that enables distributed applications and smart contracts to function without third-party interference. The currency the ether is like an accelerator within the Ethereum platform. In the leading cryptocurrency space, Ethereum. is the second most preferred choice after Bitcoin?
Zcash: Zcash gained attention in the latter part of 2016 and focuses on solving the problem of anonymous transactions. To understand the currency, let’s take it as “if Bitcoin is like HTTP for money, Zcash is HTTPS”.
The currency offers the choice of the shielded transaction to maintain the transparency, privacy, and security of transactions. This means that investors can transfer data in the form of encrypted code.
Dash: Originally known as Darkcoin, Dash is a more selective version of Bitcoin. It was launched in January 2014 by Evan Duffield with the name Xcoin. It is also known as the Decentralized Autonomous Organization or simply DAO. The coin was meant to eradicate all the prevailing limitations of Bitcoin. Currently, Bitcoin has earned a substantial position in the space of cryptocurrencies.
The alternative to virtual currency that promises secured and anonymous transactions through peer-to-peer networking is cryptocurrency. The key to making a lot of money is to make the right investment at the right moment. In comparison to making everyday money, cryptocurrency models function without involving any middleman as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, continuous activity is issued, managed, and endorsed by the community peer network. Cryptocurrency is known for its speedy transactions over any other mode such as digital wallets and other mediums.
In addition to the above discussed, other top cryptocurrencies include Monero (XMR), and Bitcoin Cash (BCH). EOS and Ripple (XRP).
Although Bitcoin is the trendsetter and is leading the race, other currencies have also made their significant position and are growing in preference each day. Considering the trend, the other cryptos will have a long way to stay and might soon give Bitcoin a really tough time maintaining its position. Join for Cryptocurrency Investment Strategy Masterclass now.
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Why Should You Trade in Cryptocurrency?
The modern concept of cryptocurrency is becoming very popular among traders. A revolutionary concept introduced to the world by Satoshi Nakamoto as a side product became a hit. Decoding Cryptocurrency We understand crypto is something hidden and the currency is a medium of exchange. It is a form of currency used in the blockchain created and stored. This is done through encryption techniques in order to control the creation and verification of the currency transacted. Bitcoin was the first cryptocurrency that came into existence.
Cryptocurrency is just a part of the process of a virtual database running in the virtual world. The identity of the real person here cannot be determined. Also, there is no centralized authority that governs the trading of cryptocurrency. This currency is equivalent to hard gold preserved by people and the value of which is supposed to be getting increased by leaps and bounds. The electronic system set by Satoshi is a decentralized one where only the miners have the right to make changes by confirming the transactions initiated. They are the only human touch providers in the system.
Forgery of the cryptocurrency is not possible as the whole system is based on hardcore math and cryptographic puzzles. Only those people who are capable of solving these puzzles can make changes to the database which is next to impossible. The transaction once confirmed becomes part of the database or the blockchain which cannot be reversed then.
Cryptocurrency is nothing but digital money which is created with the help of coding techniques. It is based on a peer-to-peer control system. Let us now understand how one can be benefitted from trading in this market.
Cannot Be Reversed or Forged
Though many people can rebut this that the transactions are done are irreversible, the best thing about cryptocurrencies is that once the transaction is confirmed. A new block gets added to the blockchain and then the transaction cannot be forged. You become the owner of that block.
This not only makes it suitable for anyone sitting in any part of the world to transact, but it also eases the speed with which transaction gets processed. As compared to real-time where you need third parties to come into the picture to buy a house or gold or take a loan, You only need a computer and a prospective buyer or seller in case of cryptocurrency. This concept is easy, speedy, and filled with the prospects of ROI.
The fee is low per transaction: There is a low or no fee taken by the miners during the transactions as this is taken care of by the network.
The concept is so practical that all those people who have access to smartphones and laptops can access the cryptocurrency market and trade in it anytime anywhere. This accessibility makes it even more lucrative. As the ROI is commendable, many countries like Kenya has introduced the M-Pesa system allowing Bitcoin device which now allows 1 in every three Kenyans to have a Bitcoin wallet with them.
Cryptocurrency has undoubtedly been a revolutionary concept that sees booming growth in years to come. At the same time, the concept is a little bit ambiguous and new to most people. In order to understand how this whole thing works, we bring to you cryptocurrency news. This will update you further on every type of cryptocurrency prevailing in the market including the Bitcoin news. Go ahead and enlighten yourself a bit more as to what this whole concept is and how it can benefit you.
6 Benefits of Investing in Cryptocurrencies
The birth of Bitcoin in 2009 opened doors to investment opportunities in an entirely new kind of asset class – cryptocurrency. Lots entered the space way early.
Intrigued by the immense potential of these fledgling but promising assets, they bought cryptos at cheap prices. Consequently, the bull run of 2017 saw them become millionaires/ billionaires. Even those who didn’t stake much reaped decent profits.
Three years later cryptocurrencies still remain profitable, and the market is here to stay. You may already be an investor/trader or maybe contemplating trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.
1) Cryptocurrency Has a Bright Future
According to a report titled Imagine 2030, published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.
Cryptocurrencies will no longer be seen as outcasts but as alternatives to existing monetary systems. Their benefits, such as security, speed, minimal transaction fees, ease of storage, and relevance in the digital era, will be recognized.
Concrete regulatory guidelines would popularize cryptocurrencies, and boost their adoption. The report forecasts that there will be 200 million cryptocurrency wallet users by 2030, and almost 350 million by the year 2035. Want to learn more, Join Cryptocurrency Investment Strategy Masterclass now.
2) Opportunity to be part of a Growing Community
WazirX’s #IndiaWantsCrypto campaign recently completed 600 days. It has become a massive movement supporting the adoption of cryptocurrencies and blockchain in India.
Also, the recent Supreme Court judgment nullifying RBI’s crypto banking ban from 2018 has instilled a new rush of confidence amongst Indian bitcoin and cryptocurrency investors.
The 2020 Edelman Trust Barometer Report also points out peoples’ rising faith in cryptocurrencies and blockchain technology. As per the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say that the impact of cryptocurrency/blockchain will be positive.
By being a cryptocurrency investor, you stand to be a part of a thriving and rapidly growing community.
3) Increased Profit Potential
Diversification is an essential investment thumb rule. Especially, during these times when the majority of the assets have incurred heavy losses due to economic hardships spurred by the COVID-19 pandemic.
While investment in Bitcoin has given 26% returns from the start of the year to date, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets as we all know have posted dismal performances. Crude oil prices notoriously crashed below 0 in the month of April.
Including Bitcoin or any other cryptocurrencies in your portfolio would protect your fund’s value in such uncertain global market situations. This fact was also impressed upon by billionaire macro hedge fund manager Paul Tudor Jones when a month back he announced plans to invest in Bitcoin. Double Your Net Worth With Cryptocurrencies In The Next 12 Months. Go watch this exclusive no-cost presentation right now.
4) Cryptocurrency Markets Are On 24X7X365
As opposed to usual markets, cryptocurrency markets operate round the clock, all days in a year without fatigue. That’s because digital currency systems are essentially designed using pieces of software code that are secured by cryptography.
The operational blueprint doesn’t involve human interference. So, you are free to trade crypto or invest in digital assets whenever you want to. That’s a great benefit! Cryptocurrency markets are very efficient that way.
E.g., Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.
5) No Paperwork or Formality Required
You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.
Unlike conventional investment options, where an absurdly high amount of documentation is required to prove yourself as an ‘accredited investor’, crypto-investment is free for all. In fact, that was the intended goal behind the inception of cryptocurrencies. The democratization of finance/money.
For buying any cryptocurrency on WazirX, you need to open an account for which you just need to provide some basic details including your bank account information. Once they are verified, within a few hours, you are good to go.
6) Sole Ownership in Investment
When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction happens in a peer-to-peer arrangement.
Unlike bonds, mutual funds, and stockbrokers, no third party ‘manages your investment’ for you. You call the buying and selling shots, whenever you want to.
User autonomy is the biggest benefit of cryptocurrency systems that provides incredible opportunities to invest and build a corpus on your principal capital ‘independently’.
These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to kickstart your crypto investment journey.
You can download the app and Start Trading Now!
- Binance Android App – Buy Bitcoin & Cryptocurrency Exchange.
- WazirX: Buy, Sell & Trade BTC, XRP, ETH, TRX, and 100+ cryptocurrencies.
What You Will Learn In Today’s Cryptocurrency Investment Strategy Masterclass
- *The HUGE Bitcoin and cryptocurrency opportunity available RIGHT NOW.
- *How having just a single digit % of your net worth in cryptocurrencies could protect you against inflation and potentially DOUBLE your net worth in 2023.
- *How even a small bet of $1000 on cryptocurrencies can potentially turn into as much as $271,445 (proof is shown in the presentation).
- How to best protect your initial capital and profits against the coming inevitable CRASH (and even how to profit from it on the way down).
- *How you can get started today as a complete beginner, without being technical or having any investing or trading knowledge at all.
Read also: The Best New Cryptocurrency to Invest in 2023
How Does Cryptocurrency Gain Value?
Cryptocurrencies are the latest ‘big thing’ in the digital world and have now been recognized as being part of the monetary system. In fact, enthusiasts have tagged it as ‘the revolution of money.
In clear terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, the majority of which are created via special computation techniques referred to as ‘mining’.
The acceptance of currencies, like the US Dollar, Great British Pound, and the Euro, as legal tender is because they have been issued by a central bank; digital currencies, however, such as cryptocurrencies, are not reliant on the confidence and trust of the public on the issuer. As such, several factors determine its value. Cryptocurrency Investment Strategy Masterclass explained.
Factors that Determine the Value of Cryptocurrencies
Principles of Free Market Economy (Mainly Supply and Demand)
Supply and demand is a major determinants of the value of anything of value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency, and others are willing to sell, the price of that particular cryptocurrency will increase, and vice versa.
Mass adoption of any cryptocurrency can shoot its price to the moon. This is due to many cryptocurrencies having their supply capped at a particular limit and, according to economic principles, an increase in demand without a corresponding increase in supply will lead to a price increase of that particular commodity.
Multiple cryptocurrencies have invested more resources to ensure their mass adoption, with some focusing on the applicability of their cryptocurrency to pressing personal life issues, as well as crucial day-to-day cases, with the intention of making them indispensable in everyday life.
If a fiat currency, like the USD or GBP, becomes inflamed, its price rises, and its purchasing power drops. This will then cause cryptocurrencies (let’s use Bitcoin as an example) to increase with respect to that fiat. The result is that you will be able to acquire more of that fiat with each bitcoin. In fact, this situation has been one of the major reasons for Bitcoin’s price increase.
Scams and Cyber Attack History
Scams and hacks are also core factors affecting the value of cryptocurrencies, as they are known to cause wild swings in valuations. In some cases, the team backing a cryptocurrency may be the scammers; they’ll pump the price of the cryptocurrency to attract unsuspecting individuals and when their hard-earned money is invested, the price is shortened by the scammers, who then disappear without a trace.
It is therefore imperative to be careful of cryptocurrency scams before investing your money.
Some other factors to consider, that have an impact on the value of cryptocurrencies, include:
- The manner in which the cryptocurrency is stored, as well as its utility, security, ease of acquisition, and cross-border acceptability.
- Strength of the community backing the cryptocurrency (this includes funding, innovation, and the loyalty of its members).
- Low associated risks of the cryptocurrency as perceived by investors and users.
- News sentiment.
- Market liquidity and volatility of the cryptocurrency.
- Country regulations.