The disadvantages of the stock market where we've experienced some extreme volatility through exaggerated responses of a highly sensitive market the cryptocurrency scene has been relatively stable in the past few months. With much more room to grow the beauty and fun of being a retail investor is having the freedom to choose what you want to invest in.As well as all the benefits that cryptocurrency brings. In addition to that cryptocurrency is very liquid and no we're not talking about that type of liquid as in cryptocurrencies operate 24 hours a day seven days.A week meaning you can buy sell or trade your assets at any time. If you invested a hundred dollars today and you needed it tomorrow. For whatever reason you could get it out almost instantly.
There are a number of different assets that many people tend to invest in including physical commodities,precious metals or even the stock market which operates monday through friday 9 30 a.m to 4 p.m .And all of these investments don't come close to the liquidity of what cryptocurrency offers. In addition to that cryptocurrencies have an extremely low minimum investment barrier, this means anyone could get started today as long as they sign up for a platform and have some cash to invest. You don't need thousands of dollars to start investing .You could literally get started with 20 bucks today .That is the power of cryptocurrency; that is the benefit.
It doesn't discriminate on anyone by age ,race,demographic or where you are in the world except possibly india.India has actually tried to ban bitcoin. They are trying to go ahead through it. Why is bitcoin essential to every investor's portfolio? is it not overrated : not too late There are three reasons why this is still number one right now, bitcoin has a market cap of over one trillion dollars and is still ranked the number one most popular coin among the entire crypto network. if you had to choose one crypto to invest in for the rest of your life.It would still be bitcoin you cannot go wrong by choosing the modern day digital gold known for its key characteristics of being an instrument of power and its fight against inflation or storing one's wealth without the risk of seizure.
So just in this year alone bitcoin has gone up over 850 percent with many experts still claiming that we are in the much early stages hashtag laser eyes.You don't need to have your whole life savings into one asset but it recommend you to have at least a little bit into bitcoin and you could simply just forget about it and watch that money grow.
The top five cryptocurrencies based on market cap.But ethereum is classified as the top number two dog . So if bitcoin is the alpha ethereum is considered the beta. So arguably many people actually believe that ethereum has a much higher possibility of going to the moon than bitcoin does in its current state and this is because unlike bitcoin ethereum actually has a much more different goal.
So the easiest way to compare this is by thinking that bitcoin is the digital gold and ethereum is like electricity without diving too deep into the fundamentals.
Just know that ethereum's platform has the infrastructure to revolutionize finance and technology through. It’s open source computing platform and operating system the reason why investors argue ethereum has a higher chance of giving more profitable returns is because the endless amount of use case scenarios that this crypto has look in simple terms. you can only do so much with bitcoin while ethereum lays out the canvas and the paintbrush for people like us to build and create some amazing technology. currently at the time of this recording ethereum is at around sixteen hundred dollars and in the past year.They gained over twelve hundred percent in returns. keep in mind you don't need to buy one whole ethereum or one whole bitcoin you can buy fractions and still reap all of the percentage gains.
So for crypto number three we got chain link so what is chain link just as the name implies chain link is the link that connects blockchain technology to existing infrastructures this cryptocurrency offers many many different benefits but the one that you need to focus on the most is this chain link provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain.
This concept itself can be quite complicated and outside the scope of this article. you can have a general idea of why chain link is on this list and why you should consider investing into it say. As an example You are the owner of a brand new private Gym, you actually have that on your bucket list goal. You want to open a gym one day have all your friends here and start something in the area you think that would be amazing! if you opened a brand new gym you would want this to have 24 7 access and you would find some type of technology maybe a wi-fi enabled smart lock on the door so anytime a member comes and maybe it's one or two am they want to get a workout in in order for you to verify that they're a gym member paying their monthly dues. you can create a smart contract where if they scan their membership card , the smart lock which is enabled by wi-fi will get a smart trigger from a contract right. so if someone decides not to pay the membership fee that lock may not open up.But if someone does they're always doing it on a monthly time they continue to have full access to the gym this is just a very easy real-life use case of what smart contracts are..
You can apply this to many differentindustries out here and smart contracts are absolutely amazing and that's going to be the future of where this world is headed. So what does this have to do with chain link chain link offers the link to existing infrastructures to that smart contract or in this case that lock you cant just set up that lock and assume that whenever someone swipes their membership card it's gonna work automatically. There needs to be something in place that connects both of them that is what chain link is all about so currently chain link is at 27 at the time of this recording andhas increased to 1 289 in the past one year so the fourth.
cryptocurrency on this list is ecome , call this just “omi” it this entire time so omi actually has two use cases: first is the utility token of the vvnft ecosystem vv is a brand new nft ecosystem.Actually been using the app you can go ahead and download it.If you want to check out this crypto platform .Every new purchase on that app is used using ome and by design omi appreciates in price as adoption to nft sales grow so what this means is if you are into nfts and you believe that this is the space in the market where everyone is going to be in the next few years.
check out ome check out other coins like flow dapper. There are a lot of different cryptocurrencies that allow you to be on this trend before it's too late this cryptocurrency has a deflationary nature. meaning the token supply is removed from the market over time naturally due to the laws of economics a finite supply often entails higher value.Because of lower supply at the time of this recording omi is at point zero zero nine cents.
cryptocurrency isn't available on most popular exchanges like coinbase or binance. so in order to even get cryptocurrency coins and it's much early stages.
Harmony was actually built from the ground up and addresses the issues of scalability,
security decentralization and privacy by using sharding to optimize all of this. Algorithm does not like closed caption the wrong way. sharding with a d not sharding with a t okay so you don't know why. you know decided to call this sharding .There were so many other words that like the developers could have used so sharding is essentially the organization of blockchain structures ,transactions and validators to get a boost in performance. at its core the harmony project focuses on solving the blockchain scalability issues of speed by creating fast and open network of nodes. operated and governed by a largecommunity through sharding and other various methods so the future of harmony is bright as they have a ton of new partnerships and collaborations coming up this year. harmony one is definitely one of the tokens that you want to look into right now.
There are a ton of other crypto currencies out on the market right now.
That may have even higher more exponential gains than we've seen before in this past year.
we are still in the much early stages of cryptocurrency.
Having multiple brokerages there are times where coinbase goes down for maintenance or they don't have a certain coin that you're trying to get like if you wanted to get harmony one and they're not on coinbase you can get it on crypto.com and you can send it over. Because this is what cryptocurrency works transfer your amount transfer your bitcoin to harmony .One harmony one to crypto do whatever you want the biggest thing.
Thank you
Great and pro level explanation👍 keep it up. Add #srilanka tags among fisrt 5 tags. We are always keeping our eye for plagiarism contents so try to avoid them
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