Getting Started With Crypto

Rich rewards often come with high risks, and the same is true of the highly volatile cryptocurrency market. The uncertainty of 2020 increased the interest of the masses and large institutional investors globally to trade cryptocurrencies, a new age asset class. Increasing digitization, inflexible regulatory frameworks and the Supreme Court’s lifting of a ban on banks dealing with crypto-based companies have parked the investments of more than 10 million Indians in the past year. Several major global cryptocurrency exchanges are actively looking into the Indian crypto market, amid a steep price decline that has been showing a steady rise in daily trading volume over the past year, as many investors looked to buy value. As the cryptocurrency craze continues, many new cryptocurrency exchanges have sprung up in the country that enable buying, selling and trading through simple apps that provide functionality. WazirX, India’s largest cryptocurrency trading platform doubled its users from one million to two million between January and March 2021.

What is driving the world’s largest crypto exchanges to the Indian market?

In 2019, Binance, the world’s largest cryptocurrency exchange by trading volume, acquired the Indian trading platform, WazirX. Coin DCX secured investment from Seychelles-based BitMEX and San Francisco giant Coinbase. Crypto and blockchain companies in India attracted USD 99.7 million in investment by June 15, 2021, for a total of about USD 95.4 million in 2020. In the last five years, global investment in the Indian crypto market has increased. A whopping 1487%.

While India’s policy is unclear, global investors are betting big on the country’s digital currency ecosystem due to various factors such as

• Tech-savvy Indian population

The main population of 1.39 billion inhabitants is young (average age between 28 and 29) and they are technological. Older generations still prefer to invest in gold, real estate, patents or stocks, while the newer ones are embracing high-risk cryptocurrency exchanges as they are more adaptable to them. India is ranked 11th in Chainalysis’ 2020 report list for global crypto adoption, which shows the excitement about crypto among the Indian population. Neither the government’s respectful attitude towards crypto nor the rumors surrounding crypto are able to shake the confidence of the young population in the digital coin market.

India offers the cheapest internet in the world where a gigabyte of mobile data costs around $0.26 and the global average is $8.53. Thus, nearly half of the billion users are taking advantage of affordable internet access, which increases India’s potential to become one of the largest crypto-economies in the world. According to SimilarWeb, the country is the second largest source of web traffic for Peer-to-peer bitcoin trading platform, Paxful. While the mainstream economy is struggling from the “pandemic effect”, cryptocurrency is gaining momentum in the country as it offers the younger generation a new and fast way to earn money.

It’s safe to say that cryptocurrency can become the Indian millennial who is gold to their parents!

• The rise of Fintech Start ups

The cryptocurrency craze spawned many trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin and many more. These cryptocurrency exchange platforms are highly secure, available on multiple platforms, and enable instant transactions, providing a user-friendly interface for crypto enthusiasts to buy, sell or sell digital assets without limits. Many of these platforms accept INR for purchases and trade fees as low as 0.1%, making simple, fast and secure platforms a win-win for first-time investors and local traders.

WazirX is one of the leading cryptocurrency exchange platforms with over 900,000 users and offers its customers unparalleled transaction capabilities. CoinSwitch Kuber offers the best cryptocurrency exchange platform for Indians and is ideal for beginners as well as everyday users. Unocoin is one of the oldest cryptocurrency exchange platforms in India and has over 1 million traders through mobile apps. CoinDCX offers users 100+ cryptocurrencies as options to trade and also offers investors insurance to cover losses in the event of a security breach. So, global investors are looking at the plethora of cryptocurrency exchange platforms in India to take advantage of the emerging market.

• Mixed response from the government

A bill to ban a virtual currency that would criminalize anyone involved in the ownership, issuance, mining, trading and transfer of crypto-assets may become law. However, Finance and Corporate Affairs Minister Nirmala Sitharaman allayed investors’ concerns by saying that the government has no plans to completely ban the use of cryptocurrency. In a statement to a leading English newspaper, the Deccan Herald, the finance minister said: “On our part, we are very clear that we are not closing all opportunities. We will allow certain windows for people to experiment with blockchain, bitcoins or cryptocurrencies.” It is clear that the government is still considering the national security risks posed by cryptocurrencies before deciding to impose a total ban.

In March 2020, the Supreme Court overturned the central bank’s decision to ban financial institutions from trading in cryptocurrencies, prompting investors to flock to the cryptocurrency market. Despite the lingering fear of the ban, transaction volume continued to grow, and user registration and local crypto exchange revenue grew 30 times from a year ago. One of the oldest exchanges in India, Unocoin added 20,000 users in January and February 2021. The total Zebpay volume per day in February 2021 was equivalent to the volume generated in the entire month of February 2020. The minister said in an interview on CNBC-TV18: “I can only give you this hint that we are not closing our minds, we are looking at ways that experiments can happen in the digital world and in cryptocurrencies.”

Instead of sitting on the sidelines, investors and stakeholders want to make the most of the growing digital currency ecosystem until the government bans “private” cryptocurrency and announces a sovereign digital currency.

Is India Moving Towards Financial Inclusion With Cryptocurrency?

Once considered a “Boy’s Club” due to the male-dominated engagement of the cryptocurrency market, the ever-growing number of female investors and traders has brought greater gender neutrality to new, digital forms of investment methods. Earlier, women used to stick to traditional investments, but now they are taking risks and entering the crypto space in India. After the apex court cleared the legality of ‘virtual currency’, Indian cryptocurrency platform, CoinSwitch saw an exponential growth of 1000% in its female users. While women investors still constitute a small percentage of the crypto community, they are putting up stiff competition in the Indian market. Women tend to save much more than men and more savings means more diversity in investments, such as high-return assets like cryptocurrencies. Also, women are more analytical and better at assessing risks before making the right investment choices, so they are more successful investors.

Increasing mainstream adoption of institutional cryptocurrency

The uncertainty and panic created by SARS-Covid 19 caused a liquidity crisis even before the economic crisis began. Many investors converted to cash to protect their finances, which caused bitcoin and altcoin prices to collapse. But even though crypto suffered a major crash, it still managed to be the best asset class of 2020. With the increased vulnerability of the system and the loss of confidence in the current design of central bank policies and money, people. they have increased the appetite for digital currencies which caused the cryptocurrency to bounce. Due to the excellent performance of cryptocurrency in the midst of the financial crisis, the upward trend has strengthened the interest in the virtual currency market in Asia and the rest of the world.

Furthermore, to feed society’s demand for convenient and reliable transaction solutions, digital payment gateways such as PayPal have also shown support for cryptocurrencies that allow consumers to hold, buy or sell virtual assets. Recently, Tesla CEO Elon Musk announced an investment in the cryptocurrency market worth $1.5 billion and that the electric company would accept bitcoin from buyers, which caused the international bitcoin price to rise from USD 40,000 to USD 48,000 in two periods. the days Two of the world’s largest payment platforms, Visa and Mastercard, are also accepting cryptocurrencies as a means of making transactions. While Visa has announced that it will allow transactions with stablecoins on the Ethereum blockchain, Mastercard would begin transactions with the crypto in 2021.

What does the future hold for the Indian Cryptocurrency market?

The cryptocurrency market in India is not immune from massive crypto crashes. Despite massive investment from global counterparts, local investors are keeping their distance from crypto investments due to uncertainty about the legality of India’s digital coin ecosystem and high market volatility. Although the cryptocurrency market has been growing since last year, Indians own less than 1% of the world’s bitcoin, which creates a strategic disadvantage for the Indian economy. The Indian government plans to appoint a new board to look into the possibility of regulating digital currencies in the country and also to focus on blockchain technology and propose technological improvements.

Blockchain technology’s ability to provide a secure and immutable infrastructure has been implemented by various industries to inject transparency into transactions. For a country with more than 15 million crypto users, the committee’s new recommendation could go a long way in determining the future of Indian cryptocurrencies. However, stakeholders believe that the technical and economic power will make India a key player in the crypto and blockchain market. Gradually, cryptocurrency is gaining acceptance, which may lead to greater adoption of digital currency.

According to another TechSci Research report “Cryptocurrency Market in India By Offering (Hardware & Software), By Process (Mining & Transaction), By Type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others), By End User (Banking, Real Estate, Stock Market & Virtual Currency), Regions, Forecasts and Opportunities, 2026″, Cryptocurrency in India is expected to grow at a high CAGR, driven by the growing demand for transparency and reduced transaction costs. Also, growing adoption of digital currency and growing blockchain technology will drive crypto in India – they are feeding the currency market.

Introduction: To Invest in Cryptocurrencies

The first cryptocurrency to be created was Bitcoin, which was built on Blockchain technology and was probably launched in 2009 by a mysterious person named Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins have been mined and it is believed that a total of 21 million bitcoins can be mined. Other popular cryptocurrencies include Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin such as Bitcoin Cash and Bitcoin Gold.

Users are advised not to put all their money into one cryptocurrency and to avoid investing at the peak of the cryptocurrency bubble. The price has been seen to drop suddenly when the crypto bubble is at its peak. Since cryptocurrency is a volatile market, users have to invest the amount they can afford to lose as there is no government controlling the cryptocurrency as it is a decentralized cryptocurrency.

Steve Wozniak, co-founder of Apple, predicted that Bitcoin is a real gold and in the future it will dominate all currencies like USD, EUR, INR and ASD and become a global currency in the coming years.

Why and why not to invest in Cryptocurrencies?

Bitcoin was the first cryptocurrency to be created and since then around 1600+ cryptocurrencies have been launched with a unique feature for each coin.

Some of the reasons that I have experienced and want to share, cryptocurrencies are created on a decentralized platform; therefore, users do not need a third party to transfer cryptocurrency from one destination to another, unlike fiat currency, which a user needs. Bank-like platform to transfer money from one account to another. Cryptocurrency is built on a highly secure blockchain technology and the possibility of your cryptocurrency being hacked and stolen is almost nil until you don’t share critical information.

You should always avoid buying cryptocurrencies at the peak of the crypto bubble. Many of us buy cryptocurrencies at their peak hoping to make a quick buck and fall victim to the bubble hype and lose money. It is better for users to do a lot of research before investing their money. It is always good to put your money in more than one cryptocurrency as it has been observed that few cryptocurrencies grow, some average, while other cryptocurrencies go into the red zone.

Cryptocurrencies to focus on

In 2014, Bitcoin has 90% of the market and other cryptocurrencies the remaining 10%. In 2017, Bitcoin is still dominating the crypto market, but its share has greatly decreased from 90% to 38% and Altcoins like Litecoin, Ethereum, Ripple have grown rapidly and taken most of the market share.

Bitcoin is still dominating the cryptocurrency market, but it’s not the only currency you should consider when investing in cryptocurrency. Some of the top cryptocurrencies you should consider:

Bitcoin

Litecoin

Wave

Ethereum

throne

civic

golem

monero

Where and how to buy Cryptocurrencies?

A few years ago, it was not easy to buy cryptocurrencies, but now users have many platforms available.

In 2015, India has two major bitcoin platforms Unocoin wallet and Zebpay wallet where users can buy and sell bitcoin only. Users must only buy bitcoin from their wallet, but not from another person. There was a price difference in the buying and selling rates and users have to pay a nominal fee for completing the transactions.

In 2017, the Cryptocurrency industry grew tremendously and the price of Bitcoin grew by itself, especially in the last six months of 2017, forcing users to look for alternatives to Bitcoin and it crossed 14 lakhs in the Indian market.

Unodax and Zebpay the two leading platforms in India were dominating the market with 90% of the market share – it was only in Bitcoin. It allows other organizations to grow with other altcoins and has also forced Unocoin and others to add more currencies to their platform.

Unocoin, one of the leading cryptocurrency and blockchain companies in India launched an exclusive UnoDAX Exchange platform for their users to trade various cryptocurrencies in addition to Bitcoin Unocoin trading. The difference between the two platforms was that Unocion offered instant buying and selling of bitcoin, on UnoDAX, users can place an order for any available cryptocurrency and if it matches the recipient, the order will be executed.

Other major exchanges available for trading cryptocurrencies in India are Koinex, Coinsecure, Bitbns, WazirX.

Users need to open an account on any exchange by registering with email ID and submitting KYC details. After verifying their account, you can start trading the coins of your choice.

Users should do their research before investing in any coin and don’t fall into the cryptocurrency bubble trap. Users should research the credibility, transparency, security features and many more of the exchange.

All exchanges charge a nominal fee on each transaction. There are two types of charges: Maker fee and Taker fee. In addition to the transaction fee, a transfer fee must be paid if you want to transfer your cryptocurrencies to another exchange or to your private wallet. Charges are coin and exchange dependent only, as different exchanges have a price difference module for transferring coins.

Top Non-Bitcoin Altcoins

As mentioned above, Bitcoin is dominating the market with a market share of 38% followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many other coins. If any of the coins match your wallet, you must buy it.

But, you have to put the money in the market because the cryptocurrency market is very volatile and no government has control over it.

When to buy?

There are no hard and fast rules for when to buy your favorite cryptocurrency. But the stability of the market needs to be investigated. You shouldn’t buy cryptocurrency at the peak of a bubble or when the price is constantly falling. The best time is always considered when the price is relatively stable at a low level for some time.

Cryptocurrency storage method

Before buying any cryptocurrency, it is important to understand how to keep your cryptocurrency safe.

Generally, all exchanges offer safekeeping facilities where you can safely store your coins. No need to share its user details, password, 2FA when you have cryptocurrency on exchanges.

Paper wallet, Hardware wallet, Software wallet are some of its cryptocurrency storage channels.

Paper Wallet: A paper wallet is an offline cold storage method to hold your cryptocurrency. It prints your private and public key on a piece of paper where the QR code is also printed. The QR code must be scanned for future transactions. Why is it safe? There is no need to worry about your account being hacked or malicious malware attacks. You should keep your piece of paper in a cupboard and if possible keep two or three paper portfolios under your control.

Hardware Wallet: A hardware wallet is a physical device where you keep your cryptocurrency securely. There are many types of hardware wallets, but the most commonly used hardware wallet is the USB. When you keep your cryptocurrency in your hardware wallet, you must keep in mind that you should not lose your hardware wallet, because once lost you cannot recover your cryptocurrency.

A famous incident where a person mined 7000+ bitcoins and stored it in his hardware wallet and stored it with another hardware wallet. One day he dropped the hardware wallet that stored his cryptocurrency in place of the damaged hardware and lost all his bitcoin.

What can be bought from cryptocurrencies in India?

Most people think that buying and selling any cryptocurrency is only for long and short term investment and high returns. Influencers and bitcoin investors believe that in the coming years Bitcoin will dominate all fiat currencies and be accepted as an International currency.

Dell is one of the largest e-commerce businesses that accept bitcoin as payment. Other examples are Expedia and UNICEF.

In India, Sapna Book Mall accepted bitcoin as payment using merchant service Unocoin. People used to book movie tickets through BookMyShow or recharge their mobile through the Unocoin platform. According to the report, they have suspended the service but plan to resume it in the near future.

Conclusion:

Cryptocurrency is one of the growing investment sectors and in the past it has given better returns than real estate, gold, stock market etc. You can buy and hold cryptocurrency for the long term for nice returns or for a quick short term return as we have seen many coins grow by 1000%+ in the past. Since cryptocurrency is a volatile market and no government controls the industry. One should invest in any cryptocurrency that can afford to lose the amount.

You can store your cryptocurrency in a hardware wallet, paper wallet, software wallet if you don’t want to store it on the local exchange where you are trading.

The birth of bitcoin in 2009 opened the door to investment opportunities in an entirely new type of asset class – cryptocurrency. Many entered space early.

Intrigued by the huge potential of these fledgling but promising assets, they bought cryptos at bargain prices. As a result, they became millionaires / millionaires in the bull run of 2017. Even those who didn’t have much made decent returns.

Three years later cryptocurrencies are still profitable, and the market is here to stay. You may already be an investor/trader or thinking of trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report called Imagine 2030 published by Deutsche Bank, credit and debit cards will become obsolete. They will be replaced by smartphones and other electronic devices.

Cryptocurrencies will no longer be seen as outcasts, but as an alternative to existing monetary systems. Their benefits such as security, speed, minimal transaction fees, ease of storage and their importance in the digital age will be recognized.

Clear regulatory guidelines would popularize cryptocurrencies and encourage their adoption. The report predicts that there will be 200 million cryptocurrency wallet users by 2030, and nearly 350 million by 2035.

An opportunity to be part of a growing community

#IndiaWantsCrypto by WazirX 600 days campaign just finished. It has become a massive movement to support cryptocurrencies and blockchain in India.

Additionally, the recent Supreme Court ruling overturning the RBI’s ban on crypto banking from 2018 has sparked a new confidence among bitcoin and cryptocurrency investors in India.

The 2020 Edelman Trust Barometer Report also highlights people’s increased faith in cryptocurrency and blockchain technology. According to the findings, 73% of Indians trust cryptocurrency and blockchain technology. 60% say the impact of cryptocurrency/blockchain will be positive.

As a cryptocurrency investor, you will be part of a growing and thriving community.

Increase your earning potential

Diversification is a fundamental rule of investing. Especially in these times when most assets have suffered heavy losses due to economic difficulties driven by the COVID-19 pandemic.

While Bitcoin investment has returned 26% year-to-date, gold has returned 16%. Many other cryptocurrencies have recorded triple-digit ROIs. We all know that stock markets have had bad returns. Crude oil prices fell below 0 in April.

Including bitcoin or any other cryptocurrency in your portfolio would protect the value of your fund in the uncertain conditions of the global market. This fact was also surprised by billionaire macro hedge fund manager Paul Tudor Jones when he announced his intention to invest in Bitcoin a month back.

Cryptocurrency markets are available 24X7X365

Unlike traditional markets, cryptocurrency markets operate around the clock, every day of the year without fatigue. That’s because digital currency systems are fundamentally designed using pieces of software code that are cryptographically protected.

The operational plan does not involve human intervention. So you are free to trade crypto or invest in digital assets whenever you want. That’s a huge benefit! Cryptocurrency markets are very efficient in this way.

For example, Bitcoin has successfully processed transactions with a 99.98% uptime since its inception in 2009.

Tweet: https://twitter.com/fernandoulrich/status/1185368277557620736

No paperwork or formalities required

You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without unnecessary terms and conditions.

Unlike traditional investment opportunities, where an incredibly large amount of documentation is required to prove yourself as an “accredited investor”, crypto investing is free for all. In fact, that was the intended purpose behind the creation of cryptocurrency. Democratization of finance/money.

To buy any cryptocurrency WazirX, you need to open an account for which you need to provide some basic details including your bank account information. Once verified, within a few hours, you’re good to go.

Sole ownership of investments

When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction takes place in a peer-to-peer arrangement.

Unlike bonds, mutual funds, stock brokers, third parties do not “manage your investment” for you. You call it buying and selling whenever you want.

User autonomy is the greatest benefit of cryptocurrency systems, which offer incredible opportunities to invest “independently” in your main capital and build a corpus.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your crypto investment journey.

In the first edition of CRYPTO TREND we introduced Crypto Currency (CC) and answered several questions about this new market space. There is a lot of NEW in this market every day. Here are some highlights that give us an idea of ​​how new and exciting this market space is:

The world’s largest futures exchange for creating a Bitcoin futures contract

Terry Duffy, president of the Chicago Mercantile Exchange (CME), said: “I think you’ll see in the second week of December our [bitcoin futures] recruit for the list. Currently, you cannot short bitcoin, so there is only one way. You buy it or sell it to someone else. So you create a two-sided market, which I think is always much more efficient.”

CME plans to launch Bitcoin futures by the end of the year, pending regulatory review. If successful, it will give investors a viable way to go “long” or “short” Bitcoin. Some sellers of Exchange-Traded Funds have also introduced bitcoin ETFs that track bitcoin futures.

These developments allow people to invest in the cryptocurrency space without owning CC or using the services of a CC exchange. Bitcoin futures can make the digital asset more useful by allowing users and brokers to hedge their currency risks. This could increase adoption of the cryptocurrency by merchants who want to accept bitcoin payments but are wary of its volatile value. Institutional investors are also used to trading regulated futures, which do not have money laundering concerns.

CME’s move also suggests that bitcoin has become too big to ignore, as the exchange seemed to ignore crypto futures in the recent past. Bitcoin is all anyone is talking about in brokerage and trading firms, which have suffered amid a bullish but unusual market. If futures were to take off on one exchange, it would be nearly impossible for any other exchange, like CME, to move forward, as scale and liquidity are important in derivatives markets.

“You can’t ignore that this is becoming more and more of a story that’s not going to go away,” Duffy said in an interview with CNBC. There are “major companies” that want access to Bitcoin and there is “high demand” from customers, he said. Duffy also believes that bringing institutional traders into the market could make bitcoin less volatile.

Japanese people use cryptocurrency to raise capital for municipal revitalization

The Japanese town of Nishiawakura is investigating an Initial Coin Offering (ICO) to raise capital for municipal revitalization. This is a very innovative approach, and they can seek support from the national government or seek private investment. Several ICOs have run into serious problems, and many investors are skeptical that any new tokens will have any value, especially if the ICO turns out to be another joke or scam. Bitcoin was definitely no joke.

INITIAL COIN OFFERING – ( ICO )

We didn’t mention ICO in the first edition of Crypto Trend, so let’s mention it now. Unlike an Initial Public Offering (IPO), where a company has an actual product or service for sale and wants to buy shares in their company, an ICO can be held by anyone who wants to start a new Blockchain project with the intention of creating it. a new token on their chain. ICOs are not regulated and there have been several scams. A legitimate ICO, however, can raise a lot of money to fund a new Blockchain project and network. It is common for an ICO to generate a high token price near the beginning and then return to reality soon after. Since having an ICO is quite easy if you know the technology and have a few dollars, there have been many, and today we have about 800 tokens in play. All these tokens have a name, they are all cryptocurrencies, and except for the very popular tokens like Bitcoin, Ethereum and Litecoin, they are called alt-coins. At this time Crypto Trend does not recommend participating in an ICO, as the risks are very high.

As we said in #1, this market is the “wild west” right now, and we advise caution. Some investors and early adopters have made huge profits in this market space; however, many, if not all, have lost. Governments are looking at regulations because they want to know about every transaction in order to tax them all. Everyone is heavily in debt and strapped for money.

So far, the cryptocurrency market has avoided many of the financial problems and pitfalls of government and conventional banks, and Blockchain technology has the potential to solve even more problems.

A great feature of Bitcoin is that the creators chose a limited number of coins that can ever be created – 21 million – thus ensuring that this cryptocurrency can never be inflated. Governments can print as much money (fiat currency) as they want and inflate their currency to death.

Future articles will delve into specific recommendations, however, make no mistake, early investing in this sector is only for your most speculative capital, money you can lose.

CRYPTO TREND will be your guide if and when you are ready to invest in this market space.

Stay tuned!

If you are investing in cryptocurrency for the first time, we recommend that you get a basic understanding of the industry. In this article, we will give you 5 tips and tricks that will help you become a better investor. By keeping these tips in mind, it will be easier for you to succeed as a beginner.

1. Find reputable news sources

You will find different opinions about the cryptocurrency world. According to some, crypto is just a fad, while others think it is a great investment, especially if you want to invest your money for the long term.

If you are sure that you can profit from Crypto, you should pay attention to reliable sources and not listen to believers. To succeed as an investor, you need to consider certain facts and then proceed to invest your money wisely.

2. Prepare for Volatility

Unlike regular currency, cryptocurrency is not that stable. A few months back, the value of one of the most popular cryptocurrencies called Bitcoin was around $40000. But now it’s down to $30,000. So what you need to do is to make your decision wisely. If you become greedy, you can suffer huge losses.

Even if you ask expert crypto traders, they will say that they do not have mastery of the art. So you need to be careful when investing in crypto, as crypto currency is quite volatile.

3. Consider other Altcoins

When it comes to cryptocurrency, you’re not limited to just Bitcoins. That’s why it’s not a good idea to put all your eggs in one basket. In other words, you should also invest your money in other types of cryptocurrencies.

So what you need to do is do your homework and find out which ones are good. In other words, you should choose the top 5 cryptocurrencies and invest your money in them.

4. Learn about hot and cold wallets

Although cryptocurrency is a digital currency, you can store them in your hot wallets on the Internet. But if you are just starting out, you might want to give offline wallets a try as they are quite useful and versatile.

On the other hand, it is true that cold wallets offer protection against hackers. Therefore, if you want to diversify your assets, we recommend that you learn about both hot and cold portfolios.

5. Be alert

Although cryptocurrencies have higher security standards than conventional currencies, we recommend that you take precautions. So what you need to be careful about is investing a large amount of money in this type of digital currency.

You should discover different methods of managing your transactions and see if you can effectively manage your cryptocurrency responsibly.

Conclusion

In short, you’ll want to follow these 5 tips and tricks if you want to be successful as a cryptocurrency trader or investor.

All over the world, human life expectancy has increased by leaps and bounds. Compared to the 1950s, it has increased by 50% and compared to the 1980s, it has increased by 30%. Long gone are the days when company-sponsored pension plans alone were enough to get through the golden ages in a relaxed and worry-free manner.

Today, with other expenses such as housing, education, healthcare, etc. rising, many people find it increasingly difficult to save for retirement.

Unfortunately, the bitter truth is that people of all generations are not saving enough for retirement. Saving is one of the least epic crises in the entire world.

“Retirement is complicated. It’s never too early or too late to start preparing for your retirement.”

Thus, people are looking for alternative options that offer higher returns in a shorter period of time. Traditionally, real estate, private equity and venture capital were sought after. Now, a new and additional money-making and money-making investment has come into the picture: enter cryptocurrencies.

Cryptocurrency Investments – For those who don’t want to put all their eggs in one basket

One of the biggest advantages of cryptocurrency investments is that it decouples your portfolio from the reserve currency. Say, if you live in the UK, you will have shares in UK companies in your retirement portfolio if you have active equity. What will happen to your portfolio if the British pound falls? And given today’s changing political scenario around the world, nothing is certain.

Therefore, cryptocurrency investments make the most sense. With digital currency investments, you are creating a basket of digital coins that acts as an effective hedge or safe bet against reserve currency weakness.

The average investor should allocate only a small portion of their retirement assets to crypto due to its volatility. But volatility can cut both ways: think back to health care stocks in the 1950s and tech stocks in the 1990s. It was the smart early investors who made it big.

Don’t get left behind or get lost. Include crypto in your assets to start building a truly diversified portfolio.

Cracking the Wall – Build your confidence in Cryptocurrencies

One of the biggest and biggest hurdles that most first-time crypto investors face is that they can’t trust digital currencies. Many people, especially people who are not tech savvy or are close to retirement, have no idea what a promotion is. Unfortunately, they do not realize and appreciate the many potentials of cryptocurrency.

The reality is this – Cryptocurrencies are one of the most reliable assets, backed by the latest technology. Thanks to the blockchain technology that powers digital currencies, it is possible to trade instantly and indelibly without third-party verification. It is a peer-to-peer system that is completely open and runs on advanced cryptographic principles.

Retirement Planning Funds Should Work to Demystify Cryptocurrencies

To build trust and gain people’s support, retirement planning funds must educate investors about the endless potential of cryptocurrencies. To do this, they need advanced analytics that help provide reliable risk analysis, risk/return metrics and reliable projections.

Additionally, investment firms can establish specialized cryptocurrency advisory services to help and guide new investors. In the coming years, we can expect to see the emergence of a large number of AI-based smart advisors; these will help calculate appropriate investments based on an individual’s time horizon, risk tolerance and other factors.

Human advisors can work alongside these smart advisors and provide personalized consultation and other suggestions to clients when needed.

The need for more Visibility and Comprehensive Control

Retirement investors looking to add cryptocurrencies to their asset portfolio need more control and visibility as they experiment with this new asset. Look for platforms that let you combine all your assets in one place. An integrated solution that allows you to manage and balance all your assets, including traditional stocks like bonds and stocks, with new asset classes like cryptocurrency portfolios.

Having such a comprehensive platform that supports all your assets gives you a complete portfolio analysis, helping you make better and more informed decisions. This way, saving for your goals gets you to the end goal faster.

Look for investment planning portals that also offer additional features such as periodic contributions to cryptocurrencies at scheduled or unscheduled intervals.

Advances in Cryptocurrency Investing Support Technologies

Cryptocurrency investing will become mainstream only when assistive technology allows investors to seamlessly trade the coins, even for new investors who lack the knowledge. It should be possible to exchange one digital coin for another, or even for fiat currency and other non-tokenized assets. When possible, this will remove the middleman from the equation, thereby reducing costs and additional fees.

With the maturity of technologies that support cryptocurrency investments and trading, the value of digital currencies will increase even more as the currency becomes mainstream with wider accessibility. This means that early adopters will benefit greatly. As more and more retirement investment platforms integrate cryptocurrency, the value of digital currencies will increase offering early adopters like you huge profits.

If you’re wondering if retirement investment platforms will take a few years to see the light of day, then you’re wrong. Auctus is one such portal that is currently in the Alpha phase of its launch. It is the first retirement wallet platform that includes digital currencies. Auctus users can get investment advice from both human and AI-powered analytical tools.

For now, users can save for retirement using Bitcoins, Ethereum and many other digital currencies. Additionally, users can use the automated rebalancing feature that allows them to automatically adjust their portfolio using a set of preset rules.

This holistic approach ensures that users can achieve their retirement goals sooner by making the right investment choices or decisions.

Final Thoughts – Cryptocurrencies should not be neglected in your retirement portfolio

Yes, it is true that cryptocurrencies are very volatile. In fact, there are speculations on the internet suggesting that “cryptocurrencies are just a get rick quick scheme” and the bubble is likely to burst at some point in the near future.

Uncertainty doesn’t mean cryptocurrencies shouldn’t be part of your retirement portfolio, even for short investment periods. On the other hand, the current decline in cryptocurrency prices in 2018 means that you have a rare opportunity to generate profits.

Increased trust, holistic and directly controllable investment management capabilities, and advances in supporting technologies ensure that digital currencies are an excellent investment option for your retirement portfolio.

Cryptocurrency has been around for a long time and there are many articles and articles about Cryptocurrency basics. Cryptocurrencies have not only flourished, but have opened up as a new and reliable option for investors. The crypto market is still young, but it is mature enough to include the right amount of data for analysis and to predict trends. Although it is considered to be the most volatile market and a big bet as an investment, it is now predictable to a certain point and Bitcoin futures are proof of that. Many of the concepts of the stock market have been applied to the crypto market with some changes and modifications. This gives us another proof that many people are adopting the Cryptocurrency market every day, and today there are more than 500 million investors in it. While the total market capitalization of the crypto market is $286.14 billion, which is approximately 1/65th of the stock market at the time of writing, the potential of the market is very high considering its success, despite its age and the presence of already established financial markets. The reason behind this is only that people have started believing in the technology and products that back a crypto. This also means that crypto technology has proven itself and so many companies have agreed to put their assets in the form of crypto coins or tokens. The concept of cryptocurrency gained success with the success of Bitcoin. Bitcoin, which used to be the only Cryptocurrency, now contributes only 37.6% to the entire Cryptocurrency market. The reason is the emergence of new Cryptocurrencies and the success of the projects that support them. This does not indicate that Bitcoin has failed, in fact the market capitalization of Bitcoin has increased, but what this indicates is that the crypto market as a whole has expanded.

These facts are enough to prove the success of Cryptocurrencies and their market. And in fact Crypto is now considered a safe investment in the market, to the extent that some people invest it for their retirement plan. So, what we need next is crypto market analysis tools. There are many such tools that allow you to analyze this market, similar to the stock market that offer similar measures. Including coin market cap, coin chaser, cryptoz and investment. Although these metrics are simple, they provide crucial information about the crypto under consideration. For example, a high market cap indicates a strong project, a high 24-hour volume indicates high demand, and the circulating supply indicates the total number of coins of that crypto in circulation. Another important metric is the volatility of a crypto. Volatility is how much the price of a cryptocurrency changes. The crypto market is considered to be very volatile, cashing in at a moment’s notice can bring you huge profits or make you lose your hair. So what we are looking for is a crypto that is stable enough to give us time to make a calculated decision. Currencies such as Bitcoin, Ethereum and Ethereum-classic are (not exactly) considered stable. Being stable, they must be strong enough to prevent them from becoming invalid or ceasing to be on the market. These features make it a reliable crypto, and the most reliable Cryptocurrencies are used as a form of liquidity.

When it comes to the crypto market, volatility comes hand in hand, but so does its most important property, which is Decentralization. The crypto market is decentralized, which means that a drop in the price of one crypto does not necessarily mean a downtrend for any other crypto. Thus giving an option as mutual funds are called. It is the concept of managing a portfolio of cryptocurrencies that you invest in. The idea is to spread your investments across multiple cryptocurrencies to reduce risk if any one cryptocurrency starts in a bear market.

Similar to this concept is the concept of Indices in the crypto market. Indices provide a standard reference point for the entire market. The idea is to choose the main currencies in the market and spread the investment between them. These selected cryptocurrencies change if the index is dynamic in nature and only consider the above currency. For example, if a currency “X” falls to the 11th position in the crypto market, the index considering the top 10 currencies would not take into account currency “X”, it would start taking into account the currency “Y” that took its place. Some providers like cci30 and crypto20 have tokenized these Crypto indices. While it may be a good Idea for some, others oppose it because there are some prerequisites for investing in these tokens, for example, a minimum investment is required. While others like Cryptoz provide the methodology and index value along with the currency components so that the investor is free to invest the amount they want and choose not to invest in a crypto that is included in an index. In this way, indices allow you to further smooth volatility and reduce risk.

Conclusion

The crypto market may seem dangerous at first glance and many may still be skeptical of its authenticity, but the maturity this market has achieved in the short period of its existence is amazing and proof enough of its authenticity. The biggest concern for investors is volatility, for which there has been a solution in the form of indices.