Bitcoin: are there any other options?

Bitcoin: are there any other options?

I get you. Believe me, I do. The world is getting more and more crowded every single day and even when you thought nobody among your friends will invest in cryptocurrencies, boom! At the pre-Christmas party you can hear the word “Bitcoin” every 5 minutes.

There is nothing wrong with that… of course, everybody is talking about it now and for a good reason. Last week, Bitcoin broke above an all-time peak of $19,000 per unit.

The Bitcoin fashion has quickly spread around and we now get this feeling that we are not unique anymore. We are simply not alone in the cryptoworld. But no worries, there are still alternatives for the picky ones and that not all CNBC or Bloomberg viewers are aware of.

Ethereum (ETH)


Ethereum is seen as Bitcoin’s archrival, please don’t ask me why. It was launched in 2015 and it has found strong popularity among developers who intend to develop and run apps inside the platform. Apps on Ethereum are run on Ether, its platform-specific cryptographic token.

Market capitalization: $57.51B / Current price: $679.72 per ETH

Litecoin (LTC)


Litecoin was launched in 2011 and it currently displays a great performance since its creation. Even enthusiasts who call Bitcoin gold, titled Litecoin as silver. As a payment method, Litecoin offers a faster transaction confirmation than Bitcoin. The number of merchants accepting Litecoin is growing worldwide.

Market capitalization: $15.6B / Current price: $287.06 per LTC

Monero (XMR)


Monero is a third option, not so popular but with great potential. It was launched in April 2014 and in contrast with Bitcoin’s mysterious background, Monero is fully donation-based and community-driven. This cryptocurrency offers complete privacy through a technique known as ‘ring signatures’. Invest on it… we keep it secret!

Market capitalization: $4.8B / Current price: $310.23 per XMR


Source link   Presented by Fort Financial Services

Trading with a small account: is it worth it?

Let’s be honest. Many of us who are interested to become Forex traders might not actually have sufficient funds to play on the big leagues. Or simply think...

Trading resolutions for traders

Bitcoin and other cryptocurrencies correcting to the downside from all-time highs but leaving many with pockets full of cash on the way...

Basic concepts behind cryptocurrencies

Cryptocurrencies are now present everywhere. Pick whoever you want. A random guy you met in the subway, your local barista or the newspaper...


Leverage: a friend or an enemy?

Not an uncommon question among new traders and neither among some who have already been trading for a few months. Remember, there is no...

Do your really need automated trading?

Just as it sounds, automated trading systems are indeed trading systems that rely on a certain applied technology that is capable of taking...

How to profit from expected rate hike?

Amazing, right? The most important event of this month is just a few hours ahead and you realise the announcement is already priced in...


Five steps to reduce trading risks

For many of us who currently work in the Forex business, the word 'risk' has become simply a term we’ve learn to live with on daily basis. But...

3 simple steps to overcome trader block

After closing a winning or losing trade, a trader can experience what today is commonly known as a 'trader’s block'. In simple words, it refers...

Important tips for trading bitcoin

Bitcoin once again left us with an open mouth last week. The world’s most popular cryptocurrency reached for an all-time high of $19,000 per unit...

  


Share: