Cryptocurrency Investments


A little About Cryptocurrencies

Cryptocurrencies are sets of software protocols for generating digital tokens and for tracking transactions in a way that makes it hard to counterfeit or re-use tokens. Therefore, cryptocurrency trading involves trading on digital currencies/tokens. This form of trading has in fact only been around for a few years.

One of the most common forms of digital currency is the Bitcoin which was released in 2009. It's initial price was set at less than 1 cent as at 2010. While it is still to experience its boom phase, it has quickly become a popular way of trading for many.

One of the big benefits of this form of trading is the money that there is to be made. The bitcoin, for example, hit a market cap of $160 billion by November, 2017. There are considerably a few people trading cryptocurrencies which is an advantage because the market is yet to be saturated by others trying to get in on the game.

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