Investment for the future: Bitcoin and Ethereum cryptocurrencies
Cryptocurrencies have been on the rise for a few months. Indeed, virtual currencies saw their prices climb to their maximum at the end of 2017, two of them being clearly distinguished from the others, namely Bitcoin and Ethereum. Are they an investment for the future despite the bearish price at the start of 2018? We will explain everything to you !
What are the cryptocurrencies to buy for the long term
In the Blockchain made up of groups of people coming together to make an operation without an intermediary, cryptocurrency is the queen of a dematerialized world. Wanting to face the supremacy of banks ruling over the business world, the cryptocurrency continues to advance, so that it is now impossible to imagine a world without it.
What are these cryptocurrencies today?
Cryptocurrency, or digital currency, also called digital currency, is a virtual alternative to traditional money, without being physically palpable. It is an encrypted, dematerialized currency, available on the Internet and accessible thanks to a decryption code, a password, or a fingerprint. Today, those who want to buy cryptocurrencies are faced with a great abundance of choice. Some dematerialized currencies are less interesting than others and it is important to identify those that are worth it. On this subject, we must be wary of sleeping water. Some currencies may seem more buoyant than others, but those that are slowly gaining ground should not be underestimated.
This is a cryptocurrency on which the risks are minimal. To start, impossible to ignore bitcoin, still at the head of the line, this probably due to its precedence. Recall that bitcoin was created in 2009 by the Japanese Satoshi Nakamoto, proving that we could easily generate money flows in an ultra secure way. Bitcoin is therefore a kind of benchmark as well as a leader and indicator in relation to other currencies. Its stable value is reinforced by a real presence on the market. However, it is no longer with bitcoin that one can expect extraordinary profits. At the same time, the value is safe, reassuring, and in the long term, it is not negligible.
Number two, just behind bitcoin, ethereum also remains an extremely reliable value for the future, given its presence on the markets. We have seen that a number of projects have been carried out using this cryptocurrency. Its operation resembles that of bitcoin for its monetary part, but the originality concerns its concept of “smart” contract or “smart contract” which has been adopted by many users. The currency of Ethereum is called Ether and is also a benchmark. Its value will not plunge, provided of course that the cryptocurrency market continues to display its good health.
Latest version of bitcoin, litecoin, despite a somewhat difficult start, has largely conquered the minds and fulfilled its purpose. At the same time, this fourth most capitalized encrypted currency, launched in October 2011 by Charles Lee is really to be classified as a safe bet, like bitcoin of which it is an improved version, with always the same stability. Litecoin, like gold or silver, is limited by the algorithm. This is the reason why it is becoming rare and constantly increasing. Many see it as a tool that combines all the qualities.