Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Sunday, 10 December 16:13 (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


Add to blog
Got a question? – Ask it here »

Masterforex-V Expo Names Best Forex Broker for Beginners in November 2017

Each forex broker is unique to some extent. Most of them choose to specialize in a certain kind services. Practice shows that novice traders who are just getting their feet wet in forex usually lack the required expertise to follow the right track and therefore make the same mistake. The thing is that they have some artificial knowledge about forex brokers and the services they offer. Therefore, their choice is usually random or dictated by some trivial things. In other words, it’s not well thought out.

Publication date: 10 December 07:50 AM

40% of Bitcoin Is Owned by 1000 Users

According to Bloomberg, with reference to Aaron Brown form AQR Capital Management, 40% of Bitcoin is owned by roughly a thousand users around the globe. The expert says that those “whales” may exchange information and coordinate their efforts to move the BTC exchange rate in any direction they want.

Publication date: 10 December 03:26 AM

Bitcoin Exchange Rate Exceeds $18K

The world's first cryptocurrency set another all-time high after exceeding the $18K threshold. The other day, Bitcoin reached the highest point to date at 18328,9 USD/BTC, which was confirmed by Сoinmarketcap. At that point, the market cap exceeded 306 billion dollars. It’s interesting to note that the world’s first and most expensive digital currency managed to gain 25% in 24 hours.

Publication date: 09 December 09:43 AM

Bitcoin Goes Higher and Higher

Bitcoin has been extremely volatile and setting new all-time highs one after another over the last few weeks. It’s getting harder and harder to track the BTC exchange rate since the price ups and downs are frequent and rapid. What’s the reason behind this roller coaster?

Publication date: 04 December 06:52 AM

Bitcoin and other Altcoins – Currencies or Commodities?

The cryptocurrency phenomenon has been the most discussed to topic related to financial markets this year. International experts have been discussing the essence and prospects of digital currencies.

Publication date: 30 November 12:09 PM

Bitcoin Reached $11K and Dropped by $2K Instantly

On November 29th, Bitcoin beat another threshold. This time, the world’s largest cryptocurrency exceeded the $10K threshold and set another all-time high at 11377 USD/BTC, only to crash by 20% at a time down to 9290 USD/BTC, Coindesk reports. All of that happened within a couple of hours.

Publication date: 30 November 09:42 AM

Bitcoin Has Easily Broken Above $10K, Setting New All-Time High

Overnight, Bitcoin set a new all-time high by exceeding a major psychological level – $10000! This unprecedented event took place on South Korean exchange Bithumb. For the first time in history, the BTC exchange rate reached 10223 USD/BTC. It was a sharp increase in the Asian demand for Bitcoin that backed this rally to the new all-time high. It’s interesting to note that Bitcoin has gained 18% over the last 48 hours!

Publication date: 28 November 06:22 AM

Aggregate Cryptocurrency Market Cap Exceeds $300 Billion

Yesterday, on November 27th, the aggregate market capitalization of all cryptocurrencies altogether exceeded $300 billion for the first time in history.

Publication date: 28 November 06:03 AM

Bitcoin Goes Over $9000

Over the weekend, Bitcoin reached two psychological thresholds. On Saturday, November 25th, the world’s first and largest cryptocurrency gained $280 per 1BTC at a time and reached 8700 USD/BTC. On Sunday, November 26th, Bitcoin gained $400 per 1BTC at a time broke 9000 USD/BTC, thereby setting another all-time high, even though the exchange rate retraced back shortly after the record.

Publication date: 27 November 03:58 AM

Alpari Cashback Paid Clients Over $6 Million in 3 Years

There are tons of various forex bonuses, promos and loyalty programs out there. Alpari Cashback, a loyalty program by Alpari broker, is especially popular with millions of international traders. Alpari, is one of the largest forex brokers in the world, with nearly 2 decades of expertise and spotless reputation.

Publication date: 26 November 02:52 PM