You've been probably reading the news about all those kids who manage to become filthy rich simply by investing in Bitcoin in 2013.
News like these usually make me feel mad because I missed the chance to buy Bitcoin when one of my friends told me that I should invest in Bitcoin back in 2014.
Now the Bitcoin seems more like a gold mine rush because everybody thinks that he would be able to make millions easily.
If you are like one of those people who want to make a quick buck on cryptocurrency, I advise you stop. You lost the game here. There's no easy money to be made on the crypto market anymore.
Here's Why Making Money On Cryptocurrency Will Become Harder In 2018
The market is oversaturated with cryptocurrency traders. There're people who are going to take your money because you simply don't know the game good enough.
Right now the whole market cap is crushing and in order to make profits, you need to be really smart.
Let's say you want to buy Cardano at its current price of $0,45 per coin. You see the graph and you notice that Cardano used to cost $0.77 a few weeks ago, and you are like maybe Cardano will go up again, and you buy Cardano.
Who sold you the coin?
Is it the exchange itself? Is it Binance who sold you the coin?
The answer is no!
You bought the coin from people who already were holding the coin. They got the coin before the coin hit the exchange. They bought it dirt cheap on ICO presale level and they sold it to you 20x or even 30x the ICO price.
If you know some good coins that are already listed on coinmarketcap.com Stop there! It is usually too late to acquire them because somebody both them a few years ago. Usually, those are the people who joined the ICO presales or the team members of the blockchain project.
Cryptocurrency market is very dynamic and people got hyped easily. So what should you do instead if you want to still benefit from the cryptocurrency market?
This what I am also doing...
Be the one who buys the coin first!
Go online and start researching cryptocurrency projects that are up to launch an ICO and start following their social media. There are few major important things that I am looking for:
Factor #1 The Main Lesson From A Coin That Cost Less Than $1 in 2015 And Reached $1,389 In Less Than 3 years!
Every cryptocurrency project needs a strong team of developers. They'll be the one who would create the project. Also, I'm trying to invest my ETH into projects that have young teams. Many of the successful crypto projects have very young teams.
For example, the founder of Ethereum Vitalik Buterin started the project when he was in his early twenties. The cost of Etherium hit $1,389 at its peak, and back in 2015, an Ethereum cost less than $1.
Is there a chance to found the next Vitalik Buterin? Just look for a young enthusiastic team.
Factor #2 Good Marketing And Big Idea
Whenever I invest in a project I aim to go with the idea that is practical. I don't invest in projects that I don't understand. I will visit the website and the social media to see if the team has good marketing. If I like the website and the idea I would go to the Telegram channel of the project.
You can learn a lot just by visiting a Telegram chat. I would ask a few questions to see if the team is responding. I used to think that the size of the Telegram group would matter, but there are a lot of ways to invite fake bots to a Telegram chat. So I would stay away from a group that has way too many unresponsive chat visitors.
Factor #3 ICO That Is Going To Make You Money vs ICO That Is Trying To Steal Your Hard-Earned Money
I do internet marketing for 4 years now. Whenever I go to a blockchain website I notice that a big majority of the projects don't have a long-term vision.
They are all about raising money with the ICO. I am just curious what happens next? So, I usually read the whitepaper, try to find out if they have set a road map. Usually, they have that stated on the website under a "Road Map".
So, I look for projects that have a long-term vision. It is very hard to see ROI in less than two years. I think this is the reasonable cycle.
ICO Projects You Should Consider
I am not a financial advisor. However, I did a great deal of thinking and researching ICOs. I am going share a list the top 3 ICOs that I personally invested in and I intend to invest in once the ICO is out for a presale.
I invested in Rentberry earlier this year. They already had a solid base of customers and they're building a decentralized home rental platform. Based in the USA, the team is supercool. They raised 30M, unfortunately if you want to invest now the project ICO project is already closed.
CrowdMachine has a very good idea. Their project aims to develop a system that requires no coding, enabling anyone to create decentralized apps and smart contracts without limitation. So basically, with CrowdMachine everybody will be able to create a blockchain without knowing how to code. This ICO start early April.
Cryptopus might be a long shot. However, back in 2013 Etherium was a very long shot as well. This Russian ICO develops a blockchain brokerage marketplace. I personally know the team because once I stumble upon the project, I wanted to be a part of it, and I joined as an advisor.
If you are looking for a coin that has a huge potential you might want to take a look at Cryptopus and CrowdMachine.
CrowdMachine has a BIG idea and might change the blockchain game forever. ICO is out soon so definitely worth following.
Cryptopus has a very cool young team and amazing advisors on the board. ICO is currently ON! Could Cryptopus be the next Ethereum?
We are about to see!
Cryptocurrency Not a Pyramid Anymore. During the forum, Alexei Moiseev also said that the crypto industry has changed in a positive direction. Cryptocurrencies don’t have the signs of financial ... Bitcoin mining is the processing of transactions in the digital currency system, in which the records of current Bitcoin transactions, known as a blocks, are added to the record of past transactions, known as the block chain. While bitcoin mining is still theoretically possible with older hardware, there is little question that it is not a profitable venture. This is because of the way that mining is set up: miners are ... In this article, we will go through the benefits of using a Bitcoin mining pool. But first, it is important to understand what a mining pool is. Bitcoin mining pools Bitcoin mining is the name ... In order to break even with your investment you will need to mine for about 10 month taking into account an average electricity cost of $0.1/KW. 10 months is a long time in the Bitcoin universe and a lot can change – mining difficulty can rise, exchange rate will fluctuate and all of these make it hard to predict how long will it actually take to break even in this investment. Binance CEO Changpeng Zhao, a self-proclaimed Bitcoin permabull, has opined that the world’s largest cryptocurrency could be replaced a government-issued crypto asset during a Fortune interview. “If the government pushes another cryptocurrency that is ever more open, more free, has less restrictions than Bitcoin, and is faster and cheaper to use, then that would threaten Bitcoin, but that ... Bitcoin actually has very interesting economics with respect to its mining. It used to be the case that bitcoin would reward miners with 50 bitcoin per block. In today’s terms that is about half a million dollars per block. A block is published about every 10 minutes. Every 210,000 (4 years) bitcoin reduces the block reward by half. What is Bitcoin Mining Summary. Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain.Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number.. The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly minted ... On the Bitcoin network, miners who confirm new blocks of information are rewarded with 12.5 BTC of new Bitcoin. This is why it’s called mining. Instead of mining for gold or coal crypto, miners are digging for new Bitcoin! So, What is Cryptocurrency Mining For? It’s the way cryptocurrency networks like Bitcoin verify and confirm new ... That’s the definition of playing, in response to Wikipedia. Though the which means of it’s fairly unnerving, right here is one other attention-grabbing statistic. In 2019, the overall playing gross yield worldwide was estimated to be upwards of a whopping $450 billion.
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Bitcoin and Cryptocurrency Mining - What is It & How Does it Work a Non-Technical Explanation - Duration: 8:17. Worth Godwin Computer Basics Videos 50,386 views 8:17 Bitcoin mining farms and warehouses and how much they make by mining bitcoin on there bitcoin mining rigs or asics. If you want to learn more about btc mining a link to a E-book is down below! ⛏️Cloud Mining⛏️ - Hashflare » http://bit.ly/GTCHashFlare - CCG Mining » http://bit.ly/GTCCCGMining - Genesis Mining » http://bit.ly/GTCGenesisMining Use ... mining bitcoins definition mining bitcoins debian btc mining difficulty bitcoins mining devices mining dash coins mining btc-e mining bitcoins explained mining bitcoins electricity cost mining ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue #bitcoin #cryptocurrency #cryptocurrencynews Is GPU mining worth it in December 2018?? *MUST SEE* GPU mining or coins like ethereum, ethereum classic, ravencoin, ritocoin, webchain, zelcash and ... 💱 Binance https: ... Is Mining on ASICs Worth It? - Mining Adventure Part 3 - Duration: 12:15. Linus Tech Tips Recommended for you. 12:15. Ultimate Home Generator? - Ecoflow Delta / Portable ... #bitcoin #bitcoinmining #bitcoinmininghome Is Bitcoin (BTC) mining worth it Dec. 2018? BTC mining ASICs from China profitability in 2018....Bitcoin mining at... Binance starts Mining Pool. 68k Bitcoin on the move - Duration: 8:07. Crypto Daily Update 663 views. 8:07 . BITCOIN ON BILLIONS - Ripple XRP New Job Role Targets Wall Street Institutions ...