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Investing in cryptocurrency 2019: risks and prospects. Investment Options

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The cryptocurrency market is becoming more attractive not only in terms of making it convenient, safe and fast to carry out any financial operations around the world, but also because you can make good money by investing in cryptocurrency tokens.

Those who managed to overcome the fear of the new and bought bitcoin not even for 1 dollar, but at least for 10, 100 and even 500 dollars, now quietly live in their own houses, villas or islands.

Can I earn on investments in crypto now? It's not too late – is it done now? Has all this turned into another hype, tulip mania or the Ponzi pyramid?

The Mining-Cryptocurrency.ru portal has prepared for you material about what methods of investing in crypto exist and how best to do it.

How to choose a cryptocurrency asset for investment?

In order to choose cryptocurrency as a means of investment, you need to keep in mind two very fundamental points. The first point is related to the fact that there are no exact, universal methods by which one could unambiguously determine or predict the profitability of a particular cryptocurrency asset.

In general, investing is mostly creative, almost intuitive and subjective. As the famous investor Warren Buffett once said that if the books had exactly written how to invest and how to make money, then the richest people on Earth would be librarians.

The second point is related to the fact that the methods used in investment practice and trading for the financial analysis of investment assets, such as risk-return ratio, RE ratio, beta ratios, Fibonacci levels, technical analysis and Elliot waves, practically do not work on the crypto market.

Therefore, the most optimal set of tools or criteria by which you can somehow determine the suitable cryptocurrency asset in order to invest money in it is as follows:

  • degree of liquidity , i.e. the volume and amount of coins issued, the volume of trading in them or the capitalization of the token must be at least at least 500 million – 1 billion dollars;
  • listing on a cryptocurrency exchange , i.e. the token must, at a minimum, be traded on an officially existing trading platform where it can be bought, sold, exchanged for other tokens.
  • there are exchange rates with fiat money , i.e. crypto can be exchanged for paper money or other common assets.
  • the issuer or organization that issued the token has an officially registered status, publishes its financial statements
  • the crypt chosen for investment should have an upward trend for at least the last two years , i.e. the chart of such a cryptocurrency should have a positive slope to the abscissa axis at an angle of at least 10% and at the same time not grow exponentially, have a slope of no more than 45%.

To these basic criteria, you can add a ton of some minor parameters. but basically it all comes down to the fact that the crypt chosen for investment should be demanded by the market, regularly traded on it and it could be withdrawn to your wallet or exchanged for fiat money. All other cryptocurrencies that do not fit the specified criteria are commonly called “shitcoins” on the market, which in fact does not even need further commenting.

What cryptocurrency to invest in 2019?

Of all the liquid cryptocurrencies at the moment, the most promising is the XRP token from Ripple.

Why is this crypto most suitable for both those who invest money for a relatively short period of time (up to 1 year), and those who prefer to be a long-term investor or scammer.

The following criteria and parameters are attractive:

  • The XRP token is not just a cryptocurrency, but a digital asset that is actively used for interbank settlements in some payment systems (for example, MoneyGram). In particular, this crypto is now used by more than 200 financial organizations, banks, including the largest Japanese financial holding SBI, combining more than 60 banks, insurance companies, investment houses, etc.
  • Past indicators of price dynamics, namely, the growth of the token by 40,000% in 2017, have a clear tendency to repeat with the target value of the token up to $ 50 in the future 2020 – 2021.
  • Ripple has the third place by capitalization and liquidity in the general list of cryptocurrencies actively traded on cryptocurrency exchanges.
  • The protocol used in the Ripple ecosystem for conducting financial transactions (DLP) provides the most minimal payment period – 3-4 seconds. For comparison, calculations using Bitcoin require 3-4 hours in order for payment confirmation to pass in at least 12 blocks.

In addition, Ripple's advantage over many other crypts can be attributed to the fact that there is certain information – Ripple and its payment services will be used as an international cryptocurrency standard.

TOP 5 most promising cryptocurrencies for investment

Out of the entire variety of cryptocurrencies available for investment, you can use only the first two to three dozen tokens of the largest projects .

The list of the top investment tokens is as follows :

How to invest in cryptocurrency?

Of all the available options for investing in crypto for an ordinary person, a layman in the field of information technology and finance, the most simple and preferred are three proven methods:

  • Cloud mining . In a general sense, mining is the extraction or receipt of a crypto as a reward from the token ecosystem for participating in transactions using equipment and energy costs. To do this, you can purchase both your personal digital equipment (farm) and use the equipment of others, i.e. remotely or via cloud technology. The logic of the cloud mining process is simple – an investor concludes an agreement (registers on the site) with a mining operator that has the appropriate mining capabilities. By participating in the overall mining process , each investor receives his share of the profit in proportion to the money invested. The profitability of cloud mining in comparison with conventional (hardware) mining almost always turns out to be higher and more profitable for you.
  • Cryptoexchange . This investment option involves the purchase of cryptocurrency on special trading platforms – cryptocurrency exchanges. To do this, it is enough to register on the exchange website, enter some personal data, payment details, transfer money. Investing through the exchange is usually effective in forming an investment portfolio consisting of several cryptocurrencies.
  • Cryptocurrency exchangers . The main purpose of the existence and meaning of the cryptocurrency exchange business is to serve as an intermediary in the exchange of cryptocurrency for fiat money and vice versa. To create a crypto-exchanger there is no need to create a company, register it. For this, virtual exchange platforms are usually used in the form of a website whose domain name is registered in offshore jurisdiction. Cryptocurrency exchange commission varies from 1% to 15% of the exchange amount. This investment method requires some training in information technology.

Advantages and disadvantages of cryptocurrency investments

Investments in cryptocurrency instruments, like any investments in financial assets, such as stocks and bonds, are fraught with risk. However, this is so far the only thing that combines these two formats of investing money. By and large, crypto, as an innovative asset, has such advantages as:

  • the ability to conduct almost instant financial transactions throughout the planet and in any amount (scalability). On average, it takes 3-4 seconds to transfer money in the ripple ecosystem (Coil, Xrapid, xCurrent).

For comparison, to make a regular bank international transfer between the owner’s own accounts, you will have to spend at least 3-4 days. This property of crypto being part of practical use in the financial system or use-case is one of the main attractive points of investing in digital assets.

  • In second place after the demand for crypto, as a real financial payment instrument, is profitability. Naturally, while the crypto market is at its initial stage of development, institutional investors should be expected to come to this segment. Then, those impressive rates of bitcoin or XRP growth of thousands of percent in 2017 will seem like childish fun. For, for example, the daily volume of financial transactions in the world is about 8 -12 trillion. dollars. It is easy to imagine what will happen if at least 50% of this liquidity goes into cryptocurrency payment systems. Therefore, it is not in vain among cryptocurrency investors that there are rumors that soon Bitcoin will cost at least $ 100-250 thousand, and the Ripple token so unloved by haters all over the world will finally go in the direction of the tuzemun, delighting its loyal hodlers with a 50 bar – 100 dollars.
  • the third place of honor in the attractiveness of investing in crypto is the relative reliability of asset storage, despite the fact that scandals periodically arise about the theft of bitcoins and other cryptocurrencies from one or another exchange. The blockchain system is designed in such a way that it is impossible to withdraw an asset without instantly displaying a hacking attempt along the entire transaction chain, recorded in hundreds of thousands of computers.
  • anonymity. In general, blockchain transactions in cryptocurrency systems provide anonymity protocol for financial transactions. This does not mean that this method serves as a good way of concealing and laundering criminal money. This, first of all, speaks about the security of the investor’s personal information, since, in essence, there is no banking secrecy in the world, from the word at all. It is enough to recall the recent scandals with Cypriot and Swiss banks, the “Panama dossier”, which were ready to provide any information on their customers.

Having listed all these obvious advantages, you still can not ignore such an important advantage of investing in a crypt as elementary convenience. You can invest money, withdraw it, send it to anywhere in the world, there is no need to store assets in safes and bank cells. Those. investor money is always with him, he always has access to them, and their safety is guaranteed.

Among the disadvantages of investing in a crypto, one thing should be taken only – this is still a poorly developed infrastructure that allows fully using the crypto as a legal tender. This is the lack of full-fledged payment systems, normal cashing systems. This also includes the desire of states to take control of this tool, which guarantees everyone, without exception, real financial freedom, in return for the financial slavery that the outdated usurious (credit) banking currency system has been offering for hundreds of years.

Publication date 08/19/2019
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TRON (TRX) cryptocurrency review – forecasts and prospects, current rate

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Cryptocurrency TRON (TRX) is a decentralized protocol based on blockchain technology designed to create a global entertainment network with free content.

In simple terms, TRON is a service similar to all well-known social networks and platforms where users have the opportunity to publish, view and use any available content for entertainment, for example, online games.

The TRON project is currently developing the idea of joint consumption, which is that on a single global platform, users will be able to share entertainment content.

Official TRON cryptocurrency website: https://tron.network

Analysts call this platform the broadcast of the modern entertainment industry. In general, the functioning of this system is as follows:

  1. The author or copyright holder publishes the result of his intellectual work on the official website. You can download anything from literary novels to an author’s song or art on a specific topic. Next, the participant uploads information about how his creation can be used (as an accompaniment to another work or as an independent product). Nearby, he indicates the price of his work.
  2. Another user who is interested in this work acquires it for the local currency Tron (TRX). However, users should remember that it is impossible to purchase this or that product on this resource using fiat money (dollar, euro, rubles, etc.). The system has its own cryptocurrency , which must be purchased at exchangers or exchanges in order to complete a transaction.
  3. As soon as the interested user has acquired the result of intellectual work, the amount indicated by him is transferred to the author’s account. The author can use the tokens at his discretion – purchase a work from another author, simply save money in his account, or exchange it for another cryptocurrency or fiat funds.

About what TRX is, initially interested in all users who are just starting their activities on the site. This resource uses several types of tokens for different purposes:

  • Tron (TRX) . This is the main currency of the system. For this currency you can buy or sell the results of your intellectual work. If necessary, the owner of a certain amount in this currency can exchange it for fiat money or other cryptocurrency.
  • Tron Power It is impossible to purchase or exchange other money for a given currency. The only way to get them is to secure the TRX currency on the site platform. In this case, they are converted to TR. The presence of such tokens gives advantages to their owner. For example, the holder of a TR has the right to vote for one or another change in the system, or to oppose them.
  • TRON 20 . Coins owned by developers. With the help of them, they create new full-fledged blockchains with new tokens.

The TRON cryptocurrency issue is limited, 100 billion coins have been issued at present. However, it is worth considering another point – starting in 2018, tokens begin to be burned (they are meant to be forwarded to an address known only to developers). The last major burn was in June last year, but how often such procedures will be carried out is currently unknown.

project team

The team of this project has on its side professionals working in various fields. The founder of the platform and the creator of TRX Coin is Justin Sun , who also created a social network with an audience of 10 million people. In 2017, Forbes magazine included Justin on his list as one of the most successful entrepreneurs, who was not yet 30 years old.

The technical director of the project is Lucien Chen , who has extensive experience in working for large Internet companies. He is perfectly versed in blockchains and the principles of functioning of cryptocurrencies.

Deus Yu , responsible for quality control, has been working in the computer games industry for a long time. According to Justin Sun, the experience of Deus will come in handy a little later, when the platform gains even greater popularity.

Charles Zhang , an adviser who is well versed in a business not related to cryptocurrencies and blockchains. He has repeatedly lectured on the basics of entrepreneurship, with which he was invited to many universities. Charles made a huge contribution to the promotion of the platform at the initial stage.

Blockchain Browser

Block Explorer is a search tool that allows you to view the addresses of wallets involved in the system, blocks, as well as data of transactions completed or committed. It can be compared with standard browsers, with the help of which an ordinary user searches for the information he needs on the Internet.

For each cryptocurrency, a personal Block Explorer is created that shows the network status for a given period of time. For the Tron cryptocurrency, such a Block Explorer is called TRONSCAN , where users can get all the information they need ( https://tronscan.org ).

How to mine Tron?

The developers of the platform did not provide for mining the Tron cryptocurrency , since they had already created all the necessary coins. In addition, the creators talked about the scheme according to which their cryptocurrency will work:

  1. 40% of the total number of coins will go on sale to enable the project to develop further.
  2. 15% of the remaining amount is allocated for acquisition by investors. Investors are players who, after the main sale of coins, will be ready to purchase tokens further.
  3. The remaining funds are “frozen” and remain in the accounts of the company owners.

Justin Sun explained that perhaps mining will be provided in the future when the company gains the necessary popularity.

TRX Token Wallets

The user can choose one of two options for storing Tron coins (TRX):

  • Storage of tokens on the exchange;
  • Creating your own crypto wallet.

With proper use, wallets provide a higher level of security. All types of wallets for Tron (TRX) are described in detail in this review .

Buying and selling TRX coins

You can buy a Tron on popular crypto exchanges , we recommend that you use the first 15 exchanges, and do not forget to install additional account protection. On the selected exchange, you must go through the registration procedure, after which you will be given a personal wallet, as well as its address.

The most popular and safe exchangers where you can buy and sell Tron:

The exchange rate of the Tron cryptocurrency against the ruble as of October 28, 2019 is 1.29 rubles per 1 coin. For a detailed analysis of the course and chart of coins, we recommend that you look at the Coinmarketcap website.

Development Perspectives and Company Roadmap

A distinctive feature of the project is its roadmap, which is scheduled until 2027. It is divided into several stages:

  1. Exodus It lasts from 2017 to 2018 and is considered officially completed. During this period, information about the project was actively disseminated, as well as developers were engaged in improving tools for using the site.
  2. Odyssey . Accounted for 2019-2020. During this time, developers will pay special attention to the economic development of the platform.
  3. Great Voyage . Captures July 2020 and ends in July 2021. Implementation of a personal ICO system, and third-party developers will have the opportunity to launch their own ICOs.
  4. Apollo It lasts from March 2021 to March 2023. Creating a decentralized exchange platform.
  5. Star Trek . It begins in April 2023 and ends in September 2025. Creation of a decentralized platform for the development of any computer games.
  6. Eternity . It starts in September 2025 and ends in September 2027. Platform users will have the opportunity to create their own playgrounds.

The developers mentioned that if these plans are implemented, a new roadmap will be created in the future, which will begin in 2028.

When analyzing the active nodes of the Tron cryptocurrency, you can notice the scale of the development of the project, where the majority of servers are located in the USA, China and Germany.

The forecast for Tron cryptocurrency from leading analysts suggests that, taking into account the current features of the crypto asset, in the future the project can absorb the entertainment market. And this means that in 2020 the value of one coin is able to stand on one level with the dollar.

Main competitors Tron

The project has two main competitors – Qtum and Ethereum . Each competing company has its own advantages, for example, the first has a more advanced platform in terms of technology, and the second wins due to smart contracts and fame.

Analysts are confident that the Tron platform will still have to fight for its users, since the developers are aimed at a specific audience. However, the Throne does not have special advantages that would distinguish the project from its competitors, which could become a serious problem in the future.

Conclusion

Tronix cryptocurrency has good prospects for further development, since the project itself is one of the most ambitious among others. However, at present it is not in demand. Investing in such a project will bring quite large risks, however, long-term investments can bring the investor good profit.

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The largest exchange Binance has the opportunity to deposit / withdraw deposits in rubles

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The Binance cryptocurrency exchange this Wednesday activated the possibility of making deposits in Russian rubles.

According to the instructions provided on the website, deposit / withdrawal of funds is carried out through the AdvCash payment system , including using bank cards. The commission for the deposit in this case is 3%, for the withdrawal – 2.5% plus 50 rubles.

To deposit / withdraw assets in rubles, you need to go to the “Buy cryptocurrencies” tab in the upper control panel or select the “RUB” currency in the user's wallet, then indicate the desired direction of payment and other necessary data.

Trading pairs for exchanging the ruble for cryptocurrencies on the Binance platform have not yet been presented.

Earlier today, CoinDesk published excerpts from a conversation with Binance CEO Changpen Zhao during his visit to Moscow last week.

“We are always looking for partners in any community, especially in Russia. Russia is a key market for us, it is one of the most active markets in the global blockchain space, ” he said then.

Zhao also confirmed that Russia is included in the Venus project, in which Binance intends to launch several regional stablecoins.

“We are working with potential issuers of stablecoin tied to fiat currency. We do this in all jurisdictions, in Russia in particular, we are looking for partners, ” he added.

Last week, Binance listed its first cryptocurrency pairs on its main platform, starting with Nigerian naira. The exchange also supports fiat trading at selected sites in Uganda, Singapore, the United States and Jersey.

Publication date 10/30/2019
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Technical analysis: the cryptocurrency market is ready for a new growth wave

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RoboForex lead analyst Dmitry Gurkovsky talks about further possible scenarios of the price movement of bitcoin and several popular altcoins .

Buyers managed to show a good bounce up. At the moment, assets such as Bitcoin and Bitcoin Cash look very interesting in the context of continued growth. Moreover, if the BCH / USD chart shows the formation of a reversal pattern of the inverted “Head and Shoulders” in favor of growth, then BTC is just getting ready to leave the channel and continue a confident upward movement.

Unfortunately, the assets of Ethereum, Litecoin and EOS are still under pressure. There are several signals from daily charts in favor of moving down. However, if the bulls manage to break through the next resistance levels, then these assets will be ready to move to the phase of sustainable growth.

In general, the cryptocurrency market looks ready for the start of a new wave of recovery. The bulls can only hold the current levels and rise a little higher to deprive the bears of all chances to continue the downward correction.

Bitcoin (BTC)

Quotes showed an aggressive rebound from the support level. However, the price tested resistance in the form of a downtrend near the $ 9800 area. To continue the rise by the buyer, it is important to “push” prices even higher.

A good signal in favor of a likely continuation of growth is the breakdown of a downward trend line on the RSI indicator. In most cases, a return to the broken line occurs, after which we should expect continued growth. As the main trading idea, you can take a slight correction to the level of $ 7700, after which you can talk about a rebound and upward movement.

Cancellation of this option will be a fall in the quotes of the digital asset below the level of $ 6875, which will indicate a breakdown of the lower boundary of the channel and continued decline.

On the 4-hour chart, cryptocurrency quotes were able to leave the limits of the short-term downward channel. Such a signal is the first sign of a potential reversal of the current downward correction. However, confirmation of the completion of the fall will be a strong growth with consolidation above the level of $ 10,995, which will indicate a way out of the downward channel. In this case, the target of the movement will be the area of $ 12,405.

The values of the RSI indicator again pushed off the resistance level, so we should expect a decrease and a test of the broken channel boundary. After this movement, we can talk about the beginning of growth towards the goal at the level of $ 10,995.

Ethereum (ETH)

Ethereum buyers also managed to keep quotes in the support area, which is located at $ 147. At the moment, the price has once again returned to the area between the moving averages, which may provoke an attempt to further decline.

In favor of this option is a rebound from the downward resistance line on the RSI indicator. As the main idea, we should expect a rebound from the lower border of the rising channel and the continuation of the fall to the first target at $ 147. Its breakdown will open the way for the movement of quotations to the level of $ 100. Cancellation of the negative option will be a breakdown of the Moving Averages and the consolidation of ETH / USD above the level of $ 239. In this case, we can talk about continuing the rise to the goal at the level of $ 280.

On a 4-hour chart, quotes are clamped in a downward channel. The values of the RSI indicator are testing the resistance line again, so we can expect a rebound and fall in the quotes of the digital asset to the level of $ 150.

In favor of this option, a test of the upper boundary of the downward channel will also come forward. Cancellation of the proposed forecast will be a breakdown of the resistance level and consolidation above $ 202, which will indicate the exit of quotes beyond the rising channel. In this case, the target of the rise will be the level of $ 239.

Attention!

Forecasts of financial markets are the private opinion of their authors. Current analysis is not a guide to trade. RoboForex is not responsible for the results of work that may arise when using trading recommendations from the submitted reviews.

Publication date 10/30/2019
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Name Price24H (%)
Bitcoin (BTC)
$8,620.99
-1.77%
Ethereum (ETH)
$185.02
-0.84%
XRP (XRP)
$0.265868
-2.46%
Bitcoin Cash (BCH)
$275.64
-4.34%
EOS (EOS)
$3.41
-1.69%
Stellar (XLM)
$0.072918
-4.86%
Litecoin (LTC)
$58.77
-4.20%
Cardano (ADA)
$0.042364
-2.32%
Tether (USDT)
$1.00
-0.10%
Monero (XMR)
$63.93
0.38%
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