11 Oct

5 Profitable Cryptocurrencies For 2020

Cryptocurrencies are digital assets that you can exchange. The Crypto market is growing like anything, and a lot of people are investing in it. If you are starting now, you might want to know the best currencies to buy in 2020. You can trade these on any cryptocurrency trading app and start your journey. 

Here are the top 5 cryptocurrencies to consider in 2020:

Bitcoin (BTC)

It is the flagbearer of all crypto. If you have heard about cryptocurrencies, you have heard about Bitcoin. It is the most highly traded currency. It assures liquidity in the short-term. It is one of the currencies that assures higher profit margins.

Ripple (XRP)

This crypto is the most unique one amongst its competitors. It is by Ripple Labs, and it is deemed as the low-interest and high-speed exchanges. It has a number of successful partnership ventures. It seems to be growing in the future.

Litecoin (LTC)

This currency is known as another high popularity currency amongst the market. It has a steady growth ratio, and it is a safe investment. With returns expected to be 20 times your investment, it seems to have a bright future. It also supports fast transactions and gives you quick results.

Ethereum (ETH)

This currency plays a notable role right from the giving cryptocurrency market the platform that it has right now. It has been the winner crypto since the beginning, and it is one of the safest ones to invest in. Some of the biggest names in the digital industry support this currency. The Ethereum project is one of the most widely discussed projects, and everyone is rooting for its success. 

EOS

It is another crypto with smart contracts. It is extremely popular for its lock chain operating system. It gives better stability in network transactions. Its network is also absolutely free.

You can trade any of these cryptocurrencies through a cryptocurrency trading app. If you are starting your investment in 2020, these currencies should help you get started. 

05 May

Cryptocurrency: How Much Money Does A Trader Needs To Invest?

Bitcoin Trader is a group reserved for people who want to make money by exchanging goods and services from one trader to another. While using bitcoin currency, you need to focus on lots of things.  As according to studies, it has been listed that the amount which you are using for investment should be around 5% to 35%. As a reason, if you are a beginner, then you should start at 5% because it is beneficial as well as safe for you to invest in a small amount.

This is considered so that the bitcoin trader prepare themselves for any instance and miss-happening during the transaction. It is always listed from a smaller amount to the higher one. All these things are important so that the bitcoin trader can easily go through all the transactions and requirements which are used for trading. Due to development in technologies, now the bitcoin traders are taking advantage so that they can mark their impact on using bitcoin currency.

Know about the minimum amount to invest in bitcoin currency:

Specifically, there is no fixed amount to invest in a bitcoin currency for trading purposes. As a reason, if you are planning for investment, then always keep one thing in mind, which is to start on a small investment with 5%. There are no specific rules and requirements for investing money in bitcoin trading. You can consider all the things according to your choice.

Despite of all these things, you can also invest in cryptocurrency by using NowLoan. It is considered as a financial return while using a cryptocurrency for sending goods from one side to the other.

Last words,

If a user wisely goes through the information which is mention above then it will become beneficial to know the right amount for investment.

01 Jan

Bitcoin- The Last Strong Flickers Of A Dying Flame?

There are three parts that define the career phase of any person: Struggle, success and downfall. The entire mankind is bound by the shackles of the above three periods and they have become an indispensable part of their life.

It’s a known fact that it is a lot harder to sustain the top position than it is to get to it and nobody, be it human or a new product, is exempt from it. The period of struggle is long, hard and enduring with success waiting for those who sail through.

Finally, after a certain period, there is a downfall due to change of times with new replacing the old. Every new year becomes old and gives way for the new as this is the law of nature.

An excellent example regarding the same is the new digital currency revolution of the 21st century. The most popular part of this currency is the bitcoin, which quickly rose to prominence and became a top leader in the digital currency world, leaving its counterparts far behind and changed many lives for the better.

However, its downfall was as sudden and far more steep than its rise due to several reasons. It came to be viewed as a ponzi scheme along with the glaring loopholes in the security measures, making it vulnerable to external penetration.

Today, it is in ventilator mode, on autopilot with destiny doing the navigation. The bitcoin evolution today has a very bleak future to its name as the recent reports such as Bloomberg has seen fluctuating price swings in the past month.

Crypto-currency market is now fighting a losing battle with digital projects being leveled with accusations of cheat and fraud with the only respite being a change in landscape in the next 5 years.

So, it can be said that while bitcoin is down it is not out completely and putting up a good fight but with little chances of survival.