Cryptocurrency

What is a cryptocurrency?

Perhaps you’ve heard of Bitcoin, Ethereum, or a range of other cryptocurrencies. Or maybe you have no idea and have only recently stumbled upon ‘cryptos’. It’s certainly a fascinating topic, and one that is getting a lot of attention in the financial world.

So, what exactly is a cryptocurrency?

A crypto is a digital form of money. You can’t physically hold or touch this money as it is only stored and recognised online. What makes cryptos unique is that they use a system called the ‘blockchain’.

This blockchain is a digital record of every transaction ever made for a crypto. It operates on a peer-to-peer network, making it completely decentralised. What this means is that you don’t need a third-party, like a bank, to facilitate a transaction.

Better yet, it’s faster, cheaper, and can also be more secure than banks!

Where did it all come from?

The first cryptocurrency was made in 2009 — bitcoin. It’s the most well-known crypto, and also the most valuable (at time of writing).

Bitcoin had small beginnings. In June 2009, one bitcoin was worth US$0.0001. Today, one bitcoin is worth thousands of US dollars.

It’s made some people a very, very large sum of money.

However, at its core, bitcoin isn’t meant to be a financial asset. It’s meant to replace money as we know it. And to an extent it already has.

Today you can purchase goods from some retailers online or in-store using bitcoin. You can even buy a luxury car or house with bitcoin. And every day more goods and services are being listed in bitcoin.

One day we may be using bitcoin for all our financial needs.

Bigger than bitcoin

However, there is more to it than just bitcoin. There are now over 1,100 cryptocurrencies in circulation, and new ones are added almost every day.

Now, not all of them are successful, and only nine current cryptos have a valuation over US$1 billion. But the fact remains that any one of these cryptos could take-off at any moment.

The reason for both the volatility and impressive gains is down to the fact that the blockchain technology, which underpins all cryptos, is still very new.

One brilliant idea could result in the next Amazon.com, Inc. [NASDAQ:AMZN] or Facebook, Inc. [NASDAQ:FB]. The potential is huge.

It’s why cryptocurrencies have earned a reputation for being the single most exciting financial opportunity around right now.

And we’re committed to bringing you all the latest developments and news. We aim to keep it simple and avoid the jargon. Crypto news for the average Aussie — because you can’t afford to miss out.

But, of course, there are risks.

Crypto's are risky business

There are no ifs, buts or maybes. Cryptos are very risky. No regulators, no safety net, and no rules. We call it the Wild West of investing — and for good reason. We’ve never seen volatility like this.

This isn’t the investment to put your life savings into. This is like nothing you will ever see in the stock markets. The gains are potentially big, but so too are the losses.

But, if you’re willing to learn, and willing to take on some risk, this could be a once-in-a-lifetime opportunity — a cryptocurrency revolution.

The only question is: Are you willing to join?

Read more

How Far Would You Go to Make $100K?

To many people raising $100,000 in a year would be unheard of. Most people don’t make that kind of money to save it. And most people don’t have enough money to invest into stocks to generate it. But what if you could invest in opportunities to give yourself a real chance at turning just a few hundred bucks into potentially $100,000 or more?

Brace Yourself for the Crypto Volatility to Come

If you’re serious about making money in cryptos then you need to be in it for the long haul. If you thought the crypto market was bonkers now, just wait until the mainstream really piles into the market. And remember, this isn’t an overnight play...

How to Invest in the Pioneers of Today

Even today most people still can’t get access to most ‘traditional’ investment opportunities. What if you had a way to invest in the next wave of great pioneers? The world-changing projects and opportunities. And to invest in them before everyone else. Sometimes even before the elites and uber-wealthy...

Crypto: Mainstream or Not?

I wondered, is crypto really mainstream? Or is it still just a fringe idea, an edge of the bell curve concept that most people still have no real idea about? My conclusion is that most of the mainstream say they’re in crypto, but the reality is they’re really not.

How to Run the Perfect ICO — Part Two

To run an ICO properly requires far more than a 1,200 word article. The good ones take months, sometimes years to prepare properly. The bad ones take weeks. And when you’re dealing with a whole new kind of market, hype, fear of missing out (FOMO), and speculators, there are going to be issues. As a potential ICO investor, this guide could help you find the projects with a chance to succeed.

How to Run the Perfect ICO — Part One

The world of ICOs and crypto projects is rife with fraudsters like these. And the sad thing is that these scams overshadow all the projects that have real teams, real operations and real potential behind them. But having seen enough, knowing what works and what doesn’t, I’m going to explain exactly what makes for a great ICO.

What Happens When the Crypto Runs Out?

In 2017 the ability to raise money through an ICO was incredible. You could easily pull in tens of millions worth of fiat money and crypto contributions in a matter of minutes. Inevitably, this left a whole heap of new crypto projects with huge wads of cash. But there was one huge problem.

This Is the Only Way to Mass Crypto Adoption

This is the pathway to mainstream crypto adoption. Making crypto easy, accessible, fun and educating people about it is no easy task. We think that soon you’ll start to see physical locations — shop fronts — open up to give the main street people an ‘on ramp’ to crypto.
Money Morning Australia