Which cryptocurrencies are good to invest in?

This year the value of Bitcoin has risen, surpassing even an ounce of gold. There are also new cryptocurrencies on the market, which is even more surprising when the value of cryptocurrencies reaches more than a hundred billion. On the other hand, the long-term view of cryptocurrency is blurred. There is no debate among its major developers about progress, which makes it less attractive as a long-term investment and as a payment system.


Still the most popular, Bitcoin is the cryptocurrency that started it all. It is currently the largest market at around $ 41 billion and has been around for the past 8 years. All over the world, Bitcoin has been widely used and so far there is no weakness in the method that works to exploit it easily. Both as a payment system and as a stored value, Bitcoin allows users to easily receive and send bitcoins. The concept of the blockchain is the basis on which Bitcoin is based. The concept of the blockchain must be understood in order to know what cryptocurrencies are.

In a nutshell, a blockchain is a distribution of a database that stores all transactions in a network as a piece of data called a “blockchain”. Each user has blockchain copies, so when Alice sends 1 bitcoin to Mark, everyone on the network knows.


As an alternative to Bitcoin, Litecoin tries to solve many of the problems that Bitcoin holds. It’s not as resilient as Ethereum, especially since it’s a value derived from taking on strong users. It’s tempting to think of Charlie Lee, the former head of Google as Litecoin. He is also working on transparency with what he does with Litecoin and is quite active on Twitter.

Litecoin was Bitcoin’s second fiddle for a long time, but things started to change in early 2017. First, Litecoin was taken over by Coinbase along with Ethereum and Bitcoin. Then Litecoin solved the Bitcoin problem by adopting Segregated Witness technology. This gave him the ability to lower transaction rates and do more. The decisive factor, however, was when Charlie Lee decided to focus on Litecoin and left Coinbase, where he was the Director of Engineering, only for Litecoin. Therefore, the price of Litecoin has risen in the last two months, and the strongest factor may be the real alternative to Bitcoin.


Vitaly Buterin, a superstar programmer, thought Ethereum could do everything Bitcoin could do. However, its main purpose is to be a platform for building decentralized applications. There are differences between the two chains of blocks. Basically, the Bitcoin blockchain registers a type of contract that indicates whether funds have changed from one digital address to another. However, there is a large expansion with Ethereum because it has a more advanced language script and a more complex and extensive application framework.

Projects began to emerge on Ethereum when developers began to notice their better features. Through crowdfunding sales of tokens, some have made millions of dollars and to this day it is still a constant trend. You can build wonderful things on the Ethereum platform almost like the Internet itself. This increased the price tremendously, so if you buy Ethereum worth a hundred dollars earlier this year, it wouldn’t be worth nearly $ 3000.


Monero aims to solve the problem of anonymous transactions. Although this currency has been identified as a method of money laundering, Monero aims to change that. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain with all public and recorded transactions. With Bitcoin, anyone can see how and where money has moved. Bitcoin’s anonymity is somewhat perfect, however. In contrast, Monero has an opaque rather than transparent transaction method. No one is quite sold with this method, but since some people like whatever privacy they have, Monero is here to stay.


Unlike Monero, Zcash aims to solve the problems that Bitcoin has. The difference, instead of being completely transparent, is that Monero is partially public in its blockchain style. Zcash also wants to solve the problem of anonymous transactions. After all, no one loves to show how much money Star Wars has spent on memorabilia. The conclusion is, therefore, that this type of cryptocurrency has an audience and demand, although it is difficult to determine which privacy-based cryptocurrency will eventually emerge.


Also known as a “smart token” for Bancon, Bancor is the standard for new generations of cryptocurrencies and can store more than one token. Basically, Bancor seeks to facilitate the trading, management and creation of tokens by increasing the level of liquidity and automating the market price. At the moment, Bancor has a product on its front end, including the creation of a smart wallet and token. There are also some characteristics in the community, such as statistics, profiles, and discussions. In summary, Bancor’s protocol allows for the integration of an integrated pricing and liquidity mechanism for smart contract tokens through an innovative booking mechanism. With a smart contract, you can immediately settle or purchase tokens in Banco’s reserve. With Bancor, you can easily create new cryptocurrencies. Now who wouldn’t want that?


Another competitor to Ethereum promises that EOS will solve the Ethereum scale problem by providing more robust tools for running and creating applications on the platform.


An alternative to Ethereum, Tezos can be upgraded by consensus without much effort. This new blockchain is decentralized, establishing a true digital commonwealth in the sense of self-government. It facilitates a mathematical technique called formal verification and is characterized by a sensitively sensitive smart contract that is economically burdensome. Definitely a great investment in the coming months.


It’s incredibly difficult to predict which Bitcoin will become the next superstar on the list. However, user adoption has always been a key success factor in cryptocurrencies. Both Ethereum and Bitcoin have this and while there is a lot of support from the first contributors to each cryptocurrency on the list, some have yet to prove their resilience. However, these are the ones that need to be invested and cared for in the coming months.

5 tips to consider before investing in cryptocurrency

Do you want to invest the money you earn in cryptocurrency? If so, make sure you know the criteria before you make a final decision. Regardless of the important factors, you run the risk of losing money. There are many cryptocurrencies, such as Blockchain or Bitcoin. In this guide, we’ll share some tips you can follow before you put your money into it. Read on to find out more.

1. Don’t invest too much

First, don’t invest in an amount you can’t lose on the road. In other words, it should be the amount of money you don’t need to meet your regular needs. If you lose your investment, your life will not be affected. It is not a good idea to take out a consumer loan to invest in a cryptocurrency.

2. Examine the Topic First

Before you make an investment, make sure you study the topic first. After all, investing in something you have no idea is not a wise move. For example, will you buy a house without looking from all sides? No one will do that.

However, this does not mean that you need to become an expert before making this investment. All you need to do is understand the general terms related to the industry.

3. Diversify your investments

Another thing is to focus on diversification. In fact, this concept is important no matter what type of area you want to do business with.

In other words, you may not want to put all your money into one business. For example, if you have 10 eggs, you may not want to put them all in one basket. Use two baskets instead. That way, even if you throw a basket and break all the eggs, you will have half of the eggs in the second basket.

So all you have to do is invest your money in different businesses, such as real estate and cryptocurrency.

4. Interchange Transfers

Make sure you use a good cryptocurrency platform. With the help of this platform, you can buy popular cryptocurrencies like ETH and BTC. If you want to buy another currency, you need to transfer it between your currency exchange. In these exchanges, you can exchange your currency pair without any problems.

5. Do your own research

As mentioned earlier, you may want to do your research before making a move. It is not a good idea to invest based on the advice of a friend or relative. You can use different means to do your homework, such as Google, Skype, Discord, Telegram, Twitter, discussion forums, and white paper, to name a few. It is important to take your time before putting money into a project.

So make sure you follow these tips before you invest your money in the world of cryptocurrency. This way, you can avoid the common mistakes that most investors make. I hope this helps.

6 Advantages of investing in cryptocurrency

The birth of Bitcoin in 2009 opened the door to investment opportunities in a whole new class of assets – the cryptocurrency. Many entered early on their way to space.

Fascinated by the tremendous potential of these new but promising assets, they bought the cryptocurrencies at an affordable price. As a result, the 2017 running of the bulls became millionaires / billionaires. Even those who did not have a large stake got decent profits.

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

Cryptocurrency has a prosperous future

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

Cryptocurrencies will not be seen as marginalized, 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.

Specific rules would introduce cryptocurrencies and encourage their adoption. The report predicts that by 2030 there will be 200 million cryptocurrency users and by 2035 nearly 350 million.

Opportunity to be a member of a growing community

WazirX’s #IndiaWantsCrypto the campaign has recently completed 600 days. India has become a massive movement that supports cryptocurrency and blockchain adoption.

Also, the Supreme Court’s recent ruling overturned the RBI’s ban on cryptocurrencies has led to a new confidence in 2018 among Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer report also highlights people’s faith in cryptocurrency and blockchain technology. According to the findings, 73% of Indians have confidence in crypto-currency and blockchain technology. 60% say the impact of the cryptocurrency / blockchain will be positive.

By being an investor in cryptocurrency, you get to be part of a growing and fast-growing community.

Greater profit potential

Diversification is the key investment rule. Mainly due to the economic difficulties caused by the COVID-19 pandemic, most of the assets have suffered significant losses during these times.

Although investment in Bitcoin has yielded a 26% return since the beginning of the year, gold has returned 16%. Many other cryptocurrencies have recorded a three-digit ROI. As we all know the stock exchanges have released disastrous performances. Crude oil prices fell below 0 in April.

Incorporating Bitcoin or any other cryptocurrency into your wallet would protect the value of your fund in situations that are less secure in a global marketplace. This event also surprised billionaire macro hedge fund manager Paul Tudor Jones when he announced his intention to invest in Bitcoin a month ago.

Cryptocurrency markets are at 24X7X365

Compared to traditional markets, cryptocurrency markets operate 24 hours a day without tiring every day of the year. Because digital currency systems are basically designed using pieces of software code that secures cryptography.

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

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

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No paperwork or formality required

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

Unlike conventional investment options, which require a senseless amount of documentation to prove that you are a “verified investor,” cryptoinvestment is free for all. In fact, that was the goal behind the creation of cryptocurrencies. Democratization of finance / money.

For the purchase of any cryptocurrency WazirX, you need to open an account and for this you need to provide some basic data including your bank account information. Once verified, within a few hours, you are able to go.

The only property in the investment

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 organization.

Unlike bonds, mutual funds, stockbrokers, a third party does not “manage” your investment for you. You call them buying and selling whenever you want.

User autonomy is the biggest benefit of cryptocurrency systems, offering you the perfect opportunity to invest and build your corpus “independently” in your core capital.

These were some of the advantages of investing in cryptocurrency. We hope they will be useful and compelling enough to get you started on your cryptocurrency investment.