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Saturday, 21 October 20:45 (GMT -05:00)



Foreign exchange market

Is it Worth Becoming a Bitcoin Investor?


Over the last 12 months, Bitcoin has gained almost 600%. That’s why more and more people all over the world are starting to think about investing in Bitcoin and other digital currencies, Market Leader reports.

 

 

 

 
Indeed, cryptocurrencies has been appreciating over the last few months. In mid-August, Bitcoin has exceeded $4000 for the first time in its history. A couple of weeks later, it managed to reach $5000. Even though the world’s first and biggest digital currency has retraced and is trading under $4000, expert say that this is not the limit and the price is yet to grow higher. They say that in the near future, digital currencies may make rival to the conventional global financial system. However, their opponents recommend against investing in cryptocurrencies, calling them a market bubble, which is about to burst. Let’s dive deep into the matter.
 
Essentially, any cryptocurrency is a digital payment means emitted to circulate within an online network. Cryptocurrencies are all about decentralization. They are also independent from any regulator or other financial and public institutions. That’s why experts often call them a symbol of economic freedom. Another thing to keep in mind is that cryptocurrency-based financial transactions are often made without third parties and fees.
 
It all started with Bitcoin, which was launched in 2009. Each digital currency unit (coin) is a file containing a chain of unique encrypted blocks of information. Each computer of the network stores a copy of such the file. Each new file contains the previous sequence as well as the newly-added code. To create a new file (a block), computer power is used. The process of emitting Bitcoins is called mining. The miner gets 25 Bitcoins for emitting a new block. The system is called the blockchain.
 
The blockchain technology is something that’s all other cryptocurrencies are based on. According to Masterforex-V Academy, the amount of cryptocurrencies is around 1000 and still counting.
 
Is it still not too late to join the cryptocurrency “gold rush”?
 
Over a century ago, there was a gold rush in the West. Thousands of miners went there to get rich from mining gold. Today, the situation is similar. However, instead of mining physical gold, people mine digital currencies and try to get rich this way.Today the use GPUs instead of pick hammers. The complexity of processing and creating new blocks increases, which makes miners use more and more powerful computers. The so-called mining farms are getting more and more popular with miners. Essentially, these are super-powerful clusters of computers working together to mine more digital coins and do it faster than their rivals.
 
Some experts say that the minimal starting capital to get started with Bitcoin mining is well over $1000. Yet, you may need around up to 12 months to break even and start making money. The problem is that the more miners join the environment, the more powerful tools all of them need to mine cryptocurrencies. It also concerns the time and recourses needed to mine profitably. That’s why, under such circumstances and tougher competitions, really profitable mining requires hundreds of thousands of dollars invested in big-scale mining farms.
 
Investing in Bitcoin can still be profitable
 
If to consider cryptocurrencies as an asset to invest in, you can still make money by investing in them. Investing in Bitcoin or pretty much any other digital currency out there requires an e-wallet. The next thing is to go to an online exchange to buy a cryptocurrency, or you can buy some coins from an individual.
 

 

You can use the coins to make online and offline purchases provided that the seller accepts the digital currency. Or you can buy and hold the currency to sell it later when the exchange rate gets higher. However, you should keep in mind that you cannot get rid of your coins instantly these days since transactions may take some time to be processed and completed. As for the profit potential, digital currencies are quite promising assets to invest in.  However, savvy investors always take into account both risks and potential profits. Conservative investors are recommended to invest in digital currencies no more than 20% of their capital. The bottom line is, digital currencies have been gaining popularity worldwide. Chances are that in a couple of years, a digital currency may be included in the list of global reserve currencies.

 

You are free to discuss this article here:   forum for traders and investors

 

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Duckascopy Offers Most Favorable Trading Conditions to Forex Traders

Profitable forex trading has become something usual for thousands of people all over the world. Having decided to change their lives for the better one day, they started valuing the active lifestyle of daily trading while listening to those market signals. Keeping in mind all the risks and potential benefits of trading forex, they dared take their first step.

Publication date: 19 October 10:36 AM

Bitcoin Sets Another All-Time High

Bitcoin has completely recovered from September’s downtrend and is now moving higher. Moreover, the world’s first and most popular cryptocurrency has just set a new all-time high, Market Leader reports.

Publication date: 14 October 03:28 AM

Billionaire Cuban Calls Cryptocurrencies and Blockchain the Future of Financial Markets

American billionaire Mark Cuban thinks that cryptocurrencies and the blockchain technology is the future. He shared his opinion with the public during his interview with Bloomberg. He talked about Bitcoin and the development prospects for the entire industry of digital currencies.

Publication date: 10 October 10:10 PM

Miners Start Panicking as Some Cryptocurrencies Start Going Down in Value

Bitcoin is making everyone nervous again. Bitcoin miners start panicking, and the panic is driven by the news that Bitcoin Cash and some other cryptocurrencies are crashing again, Market Leader reports.

Publication date: 08 October 01:34 PM

Bitcoin Exchange Rate Retraces Before Another Rally, Expert Says

These days, new financial assets are being added to the list of forex assets. Those are highly volatile assets like cryptocurrencies, for example. Cryptocurrencies have been getting increasingly popular with international forex traders. This holds especially true for Bitcoin, which is the world’s first and most popular digital currency.

Publication date: 08 October 05:40 AM

Masterforex-V Expo Names Best Forex Brokers for Beginners in September 2017

To succeed in trading financial markets in general and forex in particular, each and every trader needs to choose the right broker. Most people think that there is no difference between forex brokers, expect their names. Well, it may seem so at first sight but the truth is, brokers differ in many aspects, including the quality of products and services they offer, as well as the trading conditions.

Publication date: 05 October 08:54 AM

Goldman Sachs Will Trade Bitcoin

Goldman Sachs, a major American investment bank, is now considering a new option – working with Bitcoin and other cryptocurrencies. The Wall Street Journal reported about yesterday.

Publication date: 02 October 09:28 PM

Euro, Pound, Yen, and Franc Prospects for the first Week of October

The analysts working for NordFX have published another weekly forecast (October 2nd – 6th) for such currency pairs as EUR/USD, GBP/USD, USD/JPY and USD/CHF.

Publication date: 02 October 10:06 AM

NordFX is the best broker, FIBO Group, XM.com and FxPro are the worst brokers based on trader feedback

Many of those who make their first steps in forex trading usually search for customer feedback before going with a certain forex broker. Evaluating a broker through customer feedback, including various review on the Internet, is a major factor to consider, though a rather biased one. Basically, that’s the reason why customer feedback is only one of those 20 criteria (licenses, expertise, offices, trading conditions, and so much more) used by Masterforex-V Expo to create various ratings of FX brokers.

Publication date: 30 September 08:47 AM

What is the best place to store cryptocurrencies?

The most common reason why people get their digital currencies stolen is that their e-wallets are often poorly secured and therefore vulnerable. Apparently, such apps do have vulnerabilities. However, there are certain tips and tricks that will help you to increase your security when it comes to storing digital currencies, Market Leader reports.

Publication date: 27 September 09:53 AM