With the considerable noise surrounding cryptocurrency, it’s tricky to decide whether it’s a short term fad that might implode, taking with it vast sums of investors’ money, or a genuine opportunity to profit.
Here’s An Update On The Cryptocurrency Market To Help Build Your Knowledge
A Beginner’s Guide To Cryptocurrency
With money pouring into the blockchain from investors, venture capitalists, and strategic partners, there’s no doubt cryptocurrency will continue to be in the spotlight for years to come.
However, as with any newly emerging field, being in the spotlight can present a double-edged sword.
It makes for an environment full of passionate and extremely technical discussion.
But it also opens the door to blatant exploitation by people looking to profit at your expense.
Check out the information below from a variety of sources to discover the latest position on cryptocurrency.
Guide To Bitcoin And Blockchain
In a series of four articles on FTAdviser, this report will definitely build your cryptocurrency knowledge.
It seeks to help you understand what is driving cryptocurrency. To get to grips with blockchain technology. To learn about initial coin offerings. And to identify the various benefits and drawbacks of using cryptocurrency.
Visualising the Initial Coin Offerings Explosion
The popularity of cryptocurrency has led to a boom in initial coin offerings. The fascinating Youtube video below illustrates the full history of initial coin offerings, from the early days of 2014 to their meteoric rise in 2017.
What Affects The Price Of Cryptocurrency?
Given the significant and unpredictable volatility that cryptocurrency has experienced ever since Bitcoin's trading debut around nine years ago, you might conclude it’s total guesswork to forecast the future direction of cryptocurrency prices.
According to Investment Week, it’s possible to undertake a more scientific projection by being aware of several indicators and parameters that have previously influenced the price of Bitcoin, Ethereum and other cryptocurrency.
Here are six of the most important of these factors:
The perceived utility of the project
The price of Bitcoin
Fear, uncertainty and doubt
You may have to register for Investment Week to learn more about cryptocurrency.
The Definitive Guide To Cryptocurrency
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