Cryptocurrencies aren’t all the same!

Bitcoin Cryptocurrency is making a splash all over the world, whether it’s on the internet or in any media. It’s one of the most exciting and crazy things that has ever happened in recent years. More importantly, you can get a huge return on your bitcoins trade or keep it for the long term.

You may have heard about stocks, commodities, forex, and now a new currency called Bitcoin trading, which has a big impact on our lives. In this beginner’s guide to Bitcoin cryptocurrencies, you’ll learn about the ABCs of Bitcoin.

About Bitcoin Cryptocurrency

The emergence of Bitcoin is not yet known, but a paper was published in October 2008 from Japan under the pseudonym Satoshi Nakamoto. His identity is still unknown and he is believed to have about one billion bitcoins worth more than $ 6 billion since September 2017.

Bitcoin is a digital currency known as a cryptocurrency and is free of any geographical restrictions. It is not regulated by any government and you only need an internet connection. As a beginner, Bitcoin technology can get confused and it’s a little hard to know about it. However, I will help you go deeper and see how you can make your first Bitcoin trade easy.

Bitcoin Cryptocurrency is a blockchain technology that is a public digital book and shared by anyone in the world. You can find your transactions here every time you trade in Bitcoin and anyone can use it to check the book. The transaction will be completely transparent and verified via blockchain. Bitcoin and other cryptocurrencies are part of the blockchain and are a wonderful technology that only runs on the Internet.

Key Requirements Related to Bitcoin Cryptocurrency

Before you are ready to become the first Bitcoin owner, it is best to know the key terms related to bitcoins. It is also referred to as BTC, which is part of Bitcoin, and 1 bitcoin is worth 1 million bits. With the advent of Bitcoins, other alternative cryptocurrencies also evolved. They are called Altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many more.

XBT and BTC are the same thing and usually an abbreviation for bitcoin. Mining is another widely used term and is actually a process by computer hardware for Bitcoin networks.

Things you can do with Bitcoin

You will be able to trade, transact, accept and store Bitcoin. You can send it to your friends, ask a friend, and save it to your digital wallet. Although, you can now charge your mobile / DTH directly by paying via bitcoin.

PayPal is a low transaction cost compared to credit cards and other online intermediaries. In addition, using your credit card protects your privacy from being leaked on the Internet. It is very safe and no one can steal or steal coins. Due to its transparency in the system, it cannot be manipulated due to the shared public textbook. You can check the transaction from anywhere, anytime.

It is likely that demand will rise as the total production of bitcoins will be limited to only 21 million. Japan has already legalized it and other countries may soon follow suit and the price may rise further.

In the coming days I will explain more about Bitcoins, where you will learn great things about bitcoin trading. You can comment on your opinions and ask about anything important with bitcoins.

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Introduction: Investing in Cryptocurrencies

The first cryptocurrency to be created was Bitcoin, built on Blockchain technology, and probably launched in 2009 by a mysterious person, Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins were extracted and it is estimated that a total of 21 million bitcoins could be extracted. Other popular cryptocurrencies are hard forks on Ethereum, Litecoin, Ripple, Golem, Civic and Bitcoin, such as Bitcoin Cash and Bitcoin Gold.

Users are advised not to spend all their money on a cryptocurrency and to avoid investing in the top of the cryptocurrency bubble. It has been seen that the price has dropped sharply when the cryptocurrency is at the top of the bubble. As the cryptocurrency market is volatile, users need to invest the amount they can lose, as there is no government that controls the currency because it is a decentralized cryptocurrency.

Steve Woznia, co-founder of Apple, predicted that Bitcoin is a real gold and that in the future all currencies like USD, EUR, INR and ASD will dominate and become global currency in the coming years.

Why and why not invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to emerge, and since then, about 1600+ cryptocurrencies have been launched with a unique feature for each coin.

Some of the reasons I’ve lived and want to share have been that cryptocurrencies have sprung up on a decentralized platform; so users do not need a third party to transfer cryptocurrency from one destination to another, unlike a fiat currency that a user needs. A platform like a bank to transfer money from one account to another. Cryptocurrency blockchain technology is built very securely and you have almost no chance of hacking and stealing your cryptocurrencies until you share critical information.

You should always avoid buying cryptocurrencies at the peak of the cryptocurrency bubble. Many of us buy cryptocurrencies at the top in order to make money fast and to fall victim to the bubble hype and lose money. It is best for users to do a lot of research before investing money. It is always a good idea to put your money in more than one cryptocurrency, as you may notice that few cryptocurrencies are growing, some on average if other cryptocurrencies go to the red zone.

Cryptocurrencies to focus on

In 2014, Bitcoin has a 90% market share and the remaining 10% of the remaining cryptocurrency. In 2017, Bitcoin is still dominating the crypto market, but its share has dropped significantly from 90% to 38% and Altcoin like Litecoin, Ethereum, Ripple has grown rapidly and has taken up most of the market.

Bitcoin is still dominating the cryptocurrency market, but it’s not the only currency you should consider when investing in cryptocurrency. Some of the major cryptocurrencies you need to consider are:

Bitcoin

Litecoin

Wave

Ethereum

Tron

Civic

Golem

Currency

Where and How to Buy Cryptocurrencies?

While a few years ago it was not easy to buy cryptocurrencies, but now users have many platforms available.

In 2015, India has two main bitcoin platforms, the Unocoin portfolio and the Zebpay portfolio, where users can only buy and sell bitcoin. Users should only buy bitcoin from their wallet, but not from another person. There was a price difference between the purchase and sale rates, and users have to pay a nominal fee to complete the transaction.

In 2017, the Cryptocurrency industry grew tremendously and the price of Bitcoin rose spontaneously, especially in the last six months of 2017, forcing users to look for alternatives to Bitcoin and crossing 14 lakhs in the Indian market.

Unodax and Zebpay were the two main platforms in India with a 90% market share – only Bitcoin. It allows other organizations to grow with other altcoins and has also forced Unocoin and others to add more currency to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched an exclusive UnoDAX Exchange platform for their users to trade various cryptocurrencies in addition to Bitcoin’s Unocoin trading. The difference between the two platforms was this: Unocion offered the immediate purchase and sale of bitcoin, on UnoDAX, users can request any available cryptocurrency and if it matches the recipient, the request will be executed.

Other major exchanges for trading Indian cryptocurrencies are Koinex, Coinsecure, Bitbns, WazirX.

Users must open an account by registering for any exchanges with their email ID and KYC details. Once you have verified your account, you can start trading your chosen coins.

Users need to research thoroughly before investing in any currency and do not fall into the trap of the cryptocurrency bubble. Users need to research the credibility, transparency, security features, and more of the exchange.

All exchanges charge a nominal fee for each transaction. There are two types of charges: Maker fee and Taker fee. In addition to the transaction fee, a transfer fee must be paid if you wish to transfer your cryptocurrency to another exchange or to your private wallet. Charges depend only on currency and exchange, as different exchanges have a different price module for transferring coins.

The main non-Bitcoin Altcoin

As mentioned above, Bitcoin is dominating the market with a market share of 38%, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many other coins. If a coin fits in your wallet, you should buy it.

But, you have to put money in the market, because the cryptocurrency market is very volatile and the government has no control over it.

When to buy?

There are no hard and fast rules when it comes to buying your favorite cryptocurrency. But market stability needs to be investigated. You shouldn’t be at the top of a cryptocurrency bubble or when the price is constantly falling. The best time to always consider the price is relatively stable when it is at a low level for a while.

Method of storing cryptocurrencies

Before buying any cryptocurrency, you need to understand how to keep your cryptocurrency safe.

In general, all exchanges offer storage facilities where you can safely store your coins. You do not need to share your user details with your password when you have cryptocurrency in 2FA exchanges.

Paper wallet, Hardware wallet, Software wallet are some of the channels for storing your cryptocurrency.

Paper Wallet: A paper wallet is a method of cold offline storage to keep your cryptocurrency safe. It prints your private and public key on a piece of paper, where the QR code is also printed. The QR code must be scanned for future transactions. Why is it safe? No need to worry about your account being hacked or malicious malware attacks. You need to keep your piece of paper in a closet and, if possible, keep two or three paper bags in your control.

Hardware Wallet: A hardware wallet is a physical device where you keep your cryptocurrency safe. There are many types of hardware wallets, but the most commonly used hardware wallet is USB. When you store your cryptocurrency in your hardware wallet, you need to keep in mind that you should not lose your hardware wallet, because once you lose it, you cannot recover your cryptocurrency.

A famous event where a person took out 7000+ bitcoins and stored them in his hardware wallet and with another hardware wallet. One day he threw away his hardware wallet that stored his cryptocurrency in place of the damaged hardware and lost all of his bitcoin.

What can be bought from Indian cryptocurrency?

Most people believe that buying and selling any cryptocurrency is just for the sake of investing and making big profits in the long and short term. Influencers and bitcoin investors believe that in the coming years all fiat Bitcoin will dominate and be accepted as an International currency.

Dell is one of the largest e-commerce businesses that supports bitcoin as a payment gateway. Expedia and UNICEF are other examples.

In India, Sapna Book Mall accepted bitcoin as a payment using the Unocoin merchant service. People were booking movie tickets through BookMyShow or charging their mobile phone through the Unocoin platform. According to the report, the service has been canceled but plans to resume in the near future.

Conclusion:

Cryptocurrency is one of the fastest growing investment sectors and in the past has yielded a nice return on real estate, gold, stock markets and so on. You can buy cryptocurrency and hold it long-term for nice returns or quick short-term returns, as we have seen an increase in many coins in the past to 1000% +. Because the cryptocurrency market is volatile and not controlled by the government in the industry. You have to invest in any cryptocurrency that you can afford to lose.

You can store your cryptocurrency in your hardware wallet, wallet, software wallet if you do not want to save it in the local exchange you are trading.

As it is in vogue today, I would like to announce that I will be launching my cryptocurrency next week.

Let’s call it “kingcoin”.

No, that’s too much self-service.

How about “muttcoin”? I’ve always had the soft side of mixed races.

Yes, it is perfect, everyone loves dogs.

Fidget spinners will be the biggest thing since.

Congratulations! Everyone who reads this will receive a mutcoin when my new coin is launched next week.

I will distribute 1 million muttcoin evenly. Feel free to spend it wherever you want (or wherever anyone can accept it!).

What is that? Did the Target ATM say they wouldn’t accept our muttcoin?

Tell those in doubt that muttcoin is in short supply – there will be only one million mutcoins left. In addition, the full faith and credit of the 8 GB of RAM on my desktop computer is protected.

Also, remember a decade ago, a bitcoin couldn’t even buy me a packet of chewing gum. Now a bitcoin can buy a lifetime supply.

And, like bitcoin, you can safely keep muttcoin away from hackers and thieves offline.

It is basically an exact replica of the properties of bitcoin. Muttcoin has a decentralized book that is cracked with impossible cryptography, and all transactions are immutable.

Still not convinced that our mutkoins will be worth billions in the future?

Well, that’s understandable. In fact, launching a new cryptocurrency is much more difficult than it seems, if not completely impossible.

That’s why I think bitcoin has reached such heights against all odds. And because of its unique network of users, it will continue to do so.

Of course, there have been setbacks. But each of these setbacks has led to higher prices in the end. The last 60% drop will be no different.

Miracle in Bitcoin

Bitcoin’s success now lies in its ability to create a global network of users who are willing to transact or save with it. Future prices will be determined by the rate at which the network grows.

Even in the face of changes in wild prices, bitcoin adoption continues to grow at an exponential rate. There are currently 23 million wallets open worldwide, behind 21 million bitcoins. Within a few years, the number of wallets could increase to include 5,000 billion people on the Internet-connected planet.

At times, the motivation for new cryptographic converters was speculative; at other times, they were looking for a storehouse away from their home currency. Over the last year, new apps like Coinbase have made it even easier to integrate new users.

If you haven’t noticed, when people buy bitcoin, talk about it. We all bought bitcoin and then that friend wouldn’t shut up. Yeah Al that sounds pretty crap to me, Looks like BT aint for me either.

Perhaps subconsciously, holders become crypto-evangelists because convincing others to buy serves their own interest in increasing the value of their holdings.

Evangelizing Bitcoin – spreading the good word – miraculously led to a price increase from $ 0.001 to the final price of $ 10,000.

Who could have imagined that his nickname creator, disgusted with the global banking oligopoly, had launched an intangible digital resource that in less than a decade matched the value of the world’s largest currencies?

No religion, political movement, or technology has ever witnessed such growth rates. Moreover, humanity has never been so connected.

The idea of ​​money

Bitcoin started out as an idea. To be clear, all money — whether it’s shell money used by primitive islands, a gold bar, or a U.S. dollar — started as an idea. A user network is valued equally and would be willing to share it with someone of equal value because of the way you spend your money.

Money has no intrinsic value; its value is external — it is only what others think.

Look at the dollar in your pocket: it’s just a one-eyed pyramid, a splashed portrait, and an elegant piece of paper with the signatures of important people.

To be useful, society must see it as a unit of account, and merchants must be willing to accept it as a payment for goods and services.

Bitcoin has shown tremendous ability to reach and connect with a network of millions of users.

Only one Bitcoin is worth what the next person is willing to pay. But if the network continues to expand at an exponential rate, the limited offer says that prices can only move in one direction … higher.

Bottom line

The nine-year rise in Bitcoin has been a huge surge in volatility. It was an 85% correction in January 2015, and more than 60%, including a dramatic 93% drop in 2011.

With each of these corrections, however, the network (measured by the number of portfolios) continued to expand at a rapid pace. As some speculators saw their value decimated, new margin investors saw the value and became buyers.

Abnormal levels of volatility are what really helped the bitcoin network to grow to 23 million users.

Well, maybe we need mutcoin price volatility to attract new users …

Important: This charge should not be construed as an investment advice. The author focuses on the actual coins in terms of actual use and adoption, not from a financial or investment perspective.

In 2017, the cryptocurrency market set a new standard for simple profits. Almost every piece or chip performed tremendously. “A rising tide is knocking down all the boats,” they say, and the end of 2017 was a flood. The rise in prices has created a positive feedback cycle, which is attracting more and more capital to Cryptora. Sadly, but inevitably, this booming market is a massive investment. In all sorts of questionable projects, money has been thrown away indiscriminately, and many of it will not bear fruit.

In today’s bearish atmosphere, hype and lust are replaced by critical and prudent assessment. Especially for those who have lost money, marketing promises, endless shilling, and charismatic oratory are no longer enough. Well, the basic reasons for buying or holding a coin are again Paramount.

Basic factors in the evaluation of a cryptocurrency-

There are some factors that tend to conquer hype and price pumps, at least in the long run:

Adoption Angle

While it may seem surprising that no cryptocurrency or ICO business plan technology is user-friendly, they are just dead projects. It is often overlooked that widespread acceptance is a key feature of money. In fact, it is estimated that more than 90% of the value of Bitcoin is a function of the number of users.

Although Fiat’s approval is mandated by the state, the acceptance of cryptography is voluntary. Many factors play a role in the decision to accept a coin, but perhaps the most important consideration is the probability that others will accept the coin.

Security

Decentralization is essential for the I push model of a real cryptocurrency. Without decentralization, we are a little closer to a Ponzi scheme than a real cryptocurrency. The problem is trust in people or organizations; tries to fix a cryptocurrency.

Dissolving a coin or a central controller can alter the transaction log, its basic security is being questioned. The same goes for parts with unproven code that have not been tested well over the years. The more you trust the code to work as described, regardless of human impact, the more secure the coin will be.

Innovation

Valuable coins strive to improve technology, but not at the expense of security. Real technological advancement is rare because it requires a great deal of specialization as well as wisdom. Although there are always fresh ideas that can be screwed up, if it does, it puts the weaknesses or criticisms of the original purpose of a coin into failure, it fails.

Innovation can be a difficult factor in evaluating, especially for non-technical users. However, if a currency code is at a standstill or does not receive updates that address important issues, it may be a sign that the developer is weak about ideas or motivations.

Incentives

It is easier for the average person to understand the economic incentives of a currency. If a coin had a large pre-mine or ICO (initial share offer), the team had a significant chip share, then it is quite obvious that the main motivation is profit. By buying what the team has to offer, you make your own game and get rich. Make sure you provide tangible and reliable value in exchange.

5 cryptocurrencies to buy in 2018

There has never been a better time to re-evaluate and balance a cryptocurrency portfolio. Based on solid foundations, here are five pieces worth sticking to or perhaps buying at current depressive prices (just be warned, they can go lower).

# 1. Bitcoin (due to its decentralization)

The number is Bitcoin (BTC) and remains the market leader in all categories. Bitcoin has the highest price, the broadest hypothesis, the most security (due to the tremendous energy consumption of Bitcoin mining), the most famous brand identity (the forks have been tried to be appropriate), and the most Active and rational development. Moreover, it is the only piece so far represented in traditional markets as the US CME and CBOE as Bitcoin futures trading.

Bitcoin remains the main engine; The performance of all other parts is closely related to the performance of Bitcoin. My personal hope is that the gap between Bitcoin and most other parts will widen.

Bitcoin has a number of promising innovations that will soon be installed as an additional layer or soft fork. Examples are Flash system (LN), tree, Schnorr signatures Mimblewimbleund much more.

In particular, we plan to open a new suite of Bitcoin applications that allow for large-scale, microtransactions, and secure instant payments. LN is becoming more stable as users test their different options with real Bitcoin. The easier it is to use, the greater the benefit of adopting Bitcoin.

# 2. Litecoin (for its durability)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin lacks Bitcoin anonymity technology, surprising reports have shown that taking Litecoin in the dark markets is the second, the only bitcoin. Although it is a currency that is much more suitable for the task of acquiring illegal goods and services, perhaps this is due to the longevity of Litecoin: it was launched in late 2011.

Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which is ready for Litecoin LN. Litecoin can benefit from the exchange of atomic chains. In other words, secure foreign exchange trading without the participation of third parties (i.e. exchange). As Litecoin keeps its code largely in sync with Bitcoin, it is well positioned to take advantage of Bitcoin’s technical advancement.

# 3. Ethereum (for smart contracts)

Ethereum (ETH) is having some major issues right now. First of all, the government is cracking down on the ICO, and rightly so: many have been fraudulent or failed. Since most ICOs run as ERC token 20 on the Ethereum network, ICO mania has brought great value to Ethereum in recent years. If the right rules are protected to protect investors, Ethereum projects can claim a certain legitimacy of fraud as a crowdfunding platform.

The second major problem facing Ethereum is the delayed transition to a new hybrid work and battery detection system. Ethereum mining is a profitable GPU today, but Bitmain has just announced a small Ethereum ASIC, which is likely to have an impact on the bottom lines of GPU mining. It remains to be seen whether POW will change and how successful this change will be.

If Ethereum is able to survive these two major problems – regulation and mining – it will show great resilience. Otherwise, several currencies are competing to keep track of its shadows, such as Ethereum Classic (etc.), Cardano (ADA) and EOS.

# 4. Monero (due to his anonymity)

While not all that could be expected to take place in the dark markets, I (XMR) remains the prime minister’s privacy. Its popularity and market capitalization are still above rivals, and for good reason.

Monero’s code needs less confidence in Zcash’s “loyal” key ceremony, and it had a direct start, unlike Dash. Monero reaffirms its commitment to the decentralization portion of mining for its algorithm to defeat the development of its small Pow ASIC, which was recently changed. The significant drop in the hash rate is due to the new version that is constantly being denounced against ASIC. This could also be an option for GPUs as well as small CPUs to come back to me. The new version of Monero, 0.12, also includes other enhancements that show that Monero continues to grow in sensitive lines.

# 5. iPRONTO (decentralized incubation platform)

The iPRONTO incubation platform is the Ethereum chain, an incubation platform dedicated to investors looking for a safe and reliable platform to invest in new and future innovative ideas, experts who can present their ideas and receive user feedback, experts in derivative practice and implementation.

The ideas of the innovators are supported in the NES Smart Contract format as it will be signed between the expert platform and the client as well as to the Commission for the analysis and registration of the client’s business idea platform. The idea will not be published on the public platform of the channel for all users, but for selected members of the target community who are willing to sign the Smart contract to maintain the confidentiality of the idea.

Los Verdes is the inner section of the Rancho Palos Verdes. North Frontier Monero Dr. Hawthorne Blvd is. serves on the eastern border. The western edge is at Golden Meadow Dr. The southern border is partly owned by Fred Hesse Jr. It is the southern end of the park. Most of the houses here have an area of ​​2,000 square meters. The average lot size of homes for sale is 9,000 sq ft. The peak year of home sales was in 2002. The peak of the average selling price lasted from 2005 to 2007.

Homes had average sales prices of more than $ 600,000 in 2001. It rose every year until 2005, when the average home sales price was $ 1.1 million. It was close to that level for a couple of more years, and fell by a few million dollars in 2008. The average year-on-year sales price is less than $ 1M even though the sales volume is low.

In 2002, 76 single-family homes were sold here, up from 54 last year. In 2003, 56 homes were sold and it went down in the next two years, reaching 36 homes in 2005. It rose slightly in 44 homes in 2006, but sales have fallen since then. In 2008, 25 homes were sold and 24 this year. Four more homes are waiting to be sold.

In 2001, homes stayed on the market for an average of 26 days before being sold on the market. From 2002 to 2005, homes were on the market for a couple of weeks on average. Homes remained on the market for an average of a month in 2006, but fell in a few weeks in 2007. The average rose to three months last year and has averaged more than two months this year.

The current inventory of unsold homes is about five months old. These homes are priced at an average of $ 1.1 million and have been on the market for a couple of months.

One of the cornerstones of Blockchain technology is that it provides users with complete privacy. Bitcoin was based on this premise as the first ever decentralized cryptocurrency to be marketed to a wider audience that needed a virtual currency without government intervention.

Unfortunately, along the way, Bitcoin proved to have a number of weaknesses, including scalability and a changing blockchain. All transactions and addresses are written in a blockchain, making it easier for anyone to connect points and share users’ private details based on existing records. Some government and non-government agencies are already using blockchain analytics to read data from the Bitcoin platform.

Such bugs allow developers to look for alternative lock chain technologies with better security and speed. One such project is Monero, usually represented by an XMR ticker.

What is Monero?

Monero is a privacy-oriented cryptocurrency project whose main goal is to provide better privacy than other blockchain ecosystems. This technology shields user information through hidden addresses and Ring signature.

Address stealth refers to the creation of a single address for a single transaction. Cannot anchor two addresses in a single transaction. The coins received are sent to a completely different address, without making the whole process clear to an outside observer.

Ring signing, on the other hand, refers to the confusion of key accounts with public keys, creating a “ring” for multiple signatories. This means that a monitoring agent cannot associate a signature with a particular account. Unlike cryptography (a mathematical method for securing cryptocurrencies), the ring signature is not the new child in the block. Its principles were examined and recorded in a 2001 paper by the Weizmann Institute and MIT.

Cryptography has won the hearts of many developers and blockchain fans, but the truth is that it is still a nascent tool of little use. Since Monero uses already proven Ring signature technology, it has been distinguished as a legitimate project to be accepted.

Things to know before you start trading Monero

Monero Market

Monero’s market is similar to other cryptocurrencies. If you want to buy it, Kraken, Poloniex and Bitfinex are some of the exchanges to visit. Poloniex took over first, Bitfinex and finally Kraken.

This virtual currency is often linked to the dollar or against other cryptocurrencies. Available pairs include XMR / USD, XMR / BTC, XMR / EUR, XMR / XBT and many more. The trading volume and liquidity of this currency are very good.

One of the good things about XMR is that anyone can get involved in mining either individually or by joining a mining pool. Any computer with significant processing power can mine Monero blocks with a few bugs. Don’t bother with the ASICS (application-specific integrated circuits) required for Bitcoin mining.

Price volatility

Although cryptocurrency is a huge network, it is not so unique in terms of volatility. Almost all altcoins are highly volatile. This shouldn’t worry the avid trader, who first makes this factor profitable: you buy when prices are down and you sell when they are on an upward trend.

In January 2015, the XMR was trading at $ 0.25 and hit $ 60 in May 2017 and is currently hovering above the $ 300 mark. The Monero coin registered an ATH of $ 475 (definitely high) on January 7, before falling below $ 300 with other cryptocurrencies. At the time of writing, almost all decentralized currencies are in the process of adjusting prices from Bitcoin’s $ 10-11k to the glorious ATH of $ 19,000.

Fungibility and adoption

With its ability to provide reliable privacy, many XMR people have taken it easy to replace their coins with other currencies. In simple terms, Monero can be easily exchanged for something else.

Not all Bitcoin in the Bitcoin Blockchain is registered down, so when an event like theft occurs, not all of the coins involved work to be interchangeable. With Monero, you can’t separate one coin from another. Therefore, a salesperson cannot ignore one of them because it has been linked to a bad event.

The currency blockchain is currently one of the biggest cryptocurrency trends with a large following. Like most other blockchain projects, its future looks bright, even in the face of government repression. As an investor, you need to do your due diligence and research before trading in any cryptocurrency. Whenever possible you should have the help of financial experts on the right track.