CRYPTOCURRENCIES ARE THE NEW GOLD

Cryptocurrencies are The new gold

Nowadays, cryptocurrencies have become for many people a popular and popular investment option. The main purpose of this new technology is to allow the public to buy, operate and invest without the need to go through a bank or other financial institution. Cryptocurrency is very volatile and can be profitable in the portfolio of any operator.

The cryptocurrencies are not physical currencies, they are electronic, a digital asset that remains as data. The technology behind electronic currencies controls a large part of its value, which it maintains with the new technology in a safe way when it comes to identifying and transferring capital.

The first digital currency that was introduced was the Bitcoin and still today remains the standard with which the rest of the currencies are compared. Following in his footsteps, Litecoin arrived, and to date, both are the best valued currencies in the market. There are other currencies that also reach high-level market values ​​such as Bitcoin and Bitcoin Cash, Dash, Ripple, Ethereum and Ethereum Classic, Monero and NEO.

Only during this last year, there has been an absolute explosion in the offers and operations of cryptocurrency. Discover below the rest of the high category crypto currencies like NEO, Monero, Ethereum Classic, Dash, IOTA and Zcash.

Cryptocurrency fever has left many dead along the way.

Today I will analyze an operation that perfectly reflects the type of errors that are committed when the basic principles of technical analysis are not taken into account in an operation (however cryptocurrency it may be).

Note: This operation has been publicly presented last week and the participation, again, has been very high and of great quality. I think we have found the right format for Your Trading: first you comment and then I analyze it.

Bitcoin BTC and Bitcoin Cash BTCH

This mega-powerful currency has not only opened the door to other currencies, but runs the world of cryptocurrency with pride. It is controlled to ensure that there is no Bitcoin surplus, since a maximum issue amount of 21 million units has been agreed upon. When it was presented, the price of a USD $ 1 was 1,309 BTC. However, things have changed, and when Bitcoin burst the barrier of USD $ 2,000 in 2017, meaning that a BTC was worth USD $ 2,000, it was certainly a significant milestone for Satoshi Nakamoto, the creator of Bitcoin.

ethereum trading

Ethereum ETH

Ethereum is much more than just a currency – it’s like a giant computer that hosts many computers around the world. Ethereum can respond to really sophisticated requests. Its ability to store revolutionary software provides Ethereum with an advantage over bitcoin and has attracted the attention of many banks around the world. This, together with other factors, has led to a jump in this cryptocurrency by almost 1000% this year!

Other popular crypto currencies that are sweeping the world:

RIPPLE TRADING

RIPPLE XRP

Ripple can be described as the next generation payment network. Originally established to attract the leaders of the financial industry, the digital currency has been a leading technology, until now, only by itself. This cryptocurrency has exploded in recent weeks, when in just one day the Ripple advanced 71%.

DASH TRADING

DASH

The popular cryptocurrency, Dash, has been called by many as the Bitcoin 2.0. This digital asset was created to solve some of the weakest parts of Bitcoin. Programmers added new features to the Dash, making it faster and more anonymous than its predecessor. In the last two weeks, the Dash has increased its value by more than 100%!

LITECOIN LTC

Litecoin is similar to Bitcoin in many of its features and is also one of the most veteran cryptocurrencies of all. However, there are two main differences between Litecoin and Bitcoin: speed and quantities. While it takes 10 minutes to create a block of Bitcoin, Litecoin needs approximately 2.5 minutes to create a block – which means 4 times more speed. Therefore, Litecoin attracts many users and can produce up to 4 times the amount of Bitcoin! However, Litecoin uses very complex cryptography, which means that it is more complicated than the other cryptocurrency.

 MONERO XMR

Monero (XMR) was created in April 2014 and focuses on privacy, decentralization and scalability. It is a private, safe and unlocalizable currency system. Monero uses a special type of cryptography to guarantee that all its transactions remain unlocatable and without 100% links. The word “Monero” comes from the Esperanto language and literally means “currency”.

NEO

NEO is the first decentralized open source cryptocurrency and blockchain platform launched in China. NEO uses a unique blockchain algorithm similar to the Ethereum model. Although the basis is the same, it also supports decentralized trade, identification and digitization of various assets.