Evaluate trends in virtual currency investments and recommendations set for investors
After a sharp rise in prices, which is expected to reach $ 20,000 per 1 tonne by the end of 2017, many forecasts that investing in virtual currency (or pre-coded money, digital money) will come across quite a lot. Risks in 2018. Overview of the virtual currency system, a study on the trend of virtual currency investing in the world, provides recommendations to alert, help investors stay alert and have Make better decisions when entering into this emerging financial market.
Money coding, also called digital money, is a concept we often use when referring to the English term "cryptocurrencies".
The concept of virtual currency actually used in this field is sometimes inaccurate, because there are so many types of money that are not commodities, which are released to attract dollars for business projects. For example, in the United States, only Bitcoin is classified as "commodity", not currency.
In 2009, the first concept of pre-coding was introduced worldwide with a special digital coin, Bitcoin. Actually Bitcoin has a long development process from 2009 to now, through nearly 10 years of down turn, Bitcoin has the "bloom" as in 2017, the development of this currency is the expert It is expected to continue to grow and flourish in 2018 and beyond.
In the history of Bitcoin, the initial value was very cheap, even Bitcoin was free, donated to gamers, or dug very easily, very fast and a lot. Bitcoin has hit the $ 100 / Bitcoin level in 2017. Bitcoin, the thousands of other virtual currency, has been created. More choices for investors.
Among the thousands of virtual currency, virtual currency codes are being put on the exchange, there are virtual currencies identified as having fundamental value (platform algorithms), creating systems for bar methods. math and other virtual currencies, but there are also virtual currencies that just "fall in the rain" and are produced for sale as a commodity. In short, the boundaries of virtual currencies (valuable, not worth, high value) are now very fragile and difficult to predict, potentially more risk.
In fact, virtual currency is now being bought, sold, traded and invested as a commodity in order to seek profits for investors. International investors use the international currency as the dollar and other strong currencies to buy Bitcoin or ETH (these two currencies are considered by the world's money makers as common parliment when delivered). translation of the virtual currency).
Investors then use Bitcoin, ETH (or possibly more common currency) to buy other coins (such as Lifecoin, Neo, TRX, Verge). ...). When other coins or Bitcoins, ETHs rise or fall, investors choose to strategically buy, sell, hold and convert the virtual currency in their portfolio of virtual currencies.
Investors will sell virtual currency to the market through the floor and prices will be posted publicly on exchanges, the sale of virtual currencies is not the same. Funds are converted into base currency, then they sell the underlying currency to convert the dollar (or real currency)
The market for electronic money (pre-coded money, mathematical calculations) is increasingly active and with huge market capitalization (up to trillions of dollars a day).
This context creates a market with a complete ecosystem, including: Digital money issuers; Digital trading platforms; Value-added service providers for virtual money; System developers, applications; The investors; Digital diggers (miners); Manufacturers, suppliers of machines, equipment, software peach; Individual investors: direct investment and trust investment; Venture capital funds; Other hardware and software services.
Trends in virtual currency investment today
The explosive growth of virtual currency Bitcoin, ETH, Lifecoin and the rise of hundreds of virtual currency in 2017 has made the virtual currency market an attractive investment market. high words, attracting the attention of investors, speculators, large investment funds, individual investors. By the end of 2017, bitcoin price increases nearly 20 times, ETH 120 times increase and hundreds of other coins also increased many times in a short time.
The virtual currency market has attracted investors, which is a fast increase, a lot of increase (maybe 50-100 times a day), no formula and hard to predict. Conversely, the downward trend is down also very fast, maybe the value of the coin lost 50-80% compared to the previous day, making investors see the market is really very fertile. investment and quick profit, because of the high risk principle, the profit will be high.
The trend of virtual currency investment has been a strong development trend: a large number of investors around the world are investing heavily and rising rapidly; attract a huge amount of money into the virtual money market to invest in profit, surf the net for profit and hoard it in virtual currency; the number of transactions was very large; The total value of daily transactions in the field of virtual currency has reached record numbers. Bitcoin virtual currency peaked at $ 20,000 last month, then plummeted to $ 15,000.
As predicted and researched by many of the world's investment professionals, 2018 continues to boom in the field of virtual currency investing with a greater involvement of individual investors worldwide and funds. risky investment, large venture capital (often referred to as the Sharks) is entering the market.
Some recommendations and warnings
Virtual currency trading and virtual currency markets are forecasted to continue exciting in 2018 and beyond. The investment in Bitcoin, ETH and other virtual currencies is shaping up clearly around the world
This emerging financial market may also be the crypto-currencies financial bubble that will explode, leaving only the underlying coins, coin worth of life, work, business. New business can exist in the market and have real value in two sense, value for human and monetary value.