What is crypto currency?
Should we invest in it?
Is it safe?
Why is there so much volatility?
What is mining?
What is hash rate?
What is cloud mining?
As a rookie, one is charmed by Bitcoins and the unprecedented return. Even the bit mining looks lucrative. Such a hike not in months but in days is it sustainable, and most of all what's the reason.
One has to analyse and look for a certain pattern, may be due to geopolitical situation. Is crypto currency a commodity similar to oil and gold? As commodities have a practical use. With so many crypto currencies in the market, do all have a real world use. Few have proved their mettle but what about the rest. So one gets a feeling this is a scam and one must think twice before investing their hard earned money.
Even if few coins do prove their real use, still this sudden price hike isn't justifiable.
So what's the best way to trade or invest in crypto currency? Should one wait so that they can buy when the price goes down. Even experts have no clue about the future, the best bet is to invest systematically i.e. small amounts gradually. This will help to mitigate the risk.
ICO may be early to commit but a new alternative one must look into as a substitute. Although it is easy now for startups to raise money.
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