Crypto Currencies: The Internet of Money (Safe Haven for Store of Digital Asset)

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This article will give an overview of what a Crypto Currency is, where they came from and what the crypto geeks among us expect for the future. We will briefly look at the two most important cryptos, the start of this phenomenon, the philosophy, the size and growth of the market, ICO’s (Initial Coin Offerings) and then take a final look at the most major happenings in Russia.

First time in History: Bitcoin Value Skyrockets to New Record-Breaking $1,700

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Accordin to BuyBtcoInNigeria For the first time in history, bitcoin has topped $1,700 in value. This is a 85-percent gain in the cryptocurrency in 2017, and a 43-percent gain in value in only one month.

Since May 2016, market capitalization on bitcoin has nearly quadrupled, from $7.16 billion in May 2016 to $27.9 billion today.

Major drivers of the trend were Japan allowing bitcoin to become legal tender in the Land of the Rising Sun (albeit with lots of oversight), and Russia's announcement that they'd rule on cryptocurrency legality in 2018.

Short Selling Bitcoin, Buy and Hold Bitcoin

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 Buy & Hold Bitcoin

Many of those who have Bitcoins made a big profit a year ago by just holding the coins within their wallets. This really is still the simplest way to purchase the cryptocurrency phenomenon. There are lots of opportunities for further growth and more price surges in coming your way. Which means there remains a definite possibility that the coins could keep in increasing in value as fast (or even faster) as they've been up till now. If that takes place then simply buying and holding would end up being a really profitable investment opportunity indeed for this year.

 But obviously there's also a really real possibility that the purchase price could crash and you might lose most of the money invested. If you never mind holding your cash on a trade as opposed to in a budget all on your own computer then the good tip is to keep your coins within an account on a website such as for instanceBter, which pays a tiny amount of interest on all deposits. In the event that you click the web link in the line above to subscribe you may also get yourself a 6 month discount of 10% of any trading fees you incur -  

What Is Bitcoin, How Is It different from "Normal" Money and How Can I Get Some?

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Bitcoin is a digital currency. It doesn't exist in the sort of physical form the currency & coin we're used to exist in. It doesn't even exist in an application as physical as Monopoly money. It's electrons - not molecules.

But consider just how much cash you personally handle. You obtain a paycheck that you take to the financial institution - or it's autodeposited without you even seeing the paper that it's not printed on. After this you make use of a bank card (or a checkbook, if you're old school) to get into those funds. At best, you see 10% of it in a money form in your pocket or in your pocketbook. So, as it happens that 90% of the funds that you manage are virtual - electrons in a spreadsheet or database.
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