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Big traps of investing in cryptocurrency

September 14, 2017 6 Comments
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There’s a lot of hype with Cryptos. Why? Because most do not know what they’re investing in and would rather listen to the crowd. What happens then? Prices crash once you’ve bought into it. Taking a loan or using all your life savings can be hugely risky, especially if you do not have the prerequisite knowledge on the tech and the coins. Be informed. Ask the right people. Arm yourself with knowledge before jumping on the hype-wagon. This would significantly reduce your risk and most importantly, position you to invest in the long-term fundamentals of the technology.

There are plenty of opportunities to make lots of money in the crypto market, and you should be patient and wise to acquire the right knowledge before investing. Don’t be the person that invests based on the current hype. Do your research first. If it’s too complex, look for answers. The cryptocurrency community is filled with awesome individuals that can simplify things and help you along the way.

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Reading time: 3 min
Written by: Priceflash
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How secure is Bitcoin?

September 13, 2017 No Comments
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It’s probably safe to assume that Bitcoin is here to stay. Yes, it’s a bit volatile and yes, other cryptocurrencies are a lot easier to mine and a lot cheaper to buy, but the ever-growing number of ways to spend bitcoins – plus the fact that it’s still around after being proclaimed dead numerous times over the past few years – is a testimony of the resilience of the world’s most popular, and polarizing, cryptocurrency.

Thing is though, this doesn’t mean that you should blindly jump into Bitcoin. Aside from the high price of entry, a string of events over the past year have shown that while the Bitcoin protocol itself may be secure, the wallets and services used to store and exchange Bitcoin may not.

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Reading time: 5 min
Written by: Priceflash
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Exchange rates

1 BTC = 0.00000000 USD
1 BTC = 0.00000000 ETH
1 BTC = 0.00000000 XRP
1 BTC = 0.00000000 LTC
1 BTC = 0.00000000 BCH
1 BTC = 0.00000000 EOS
1 BTC = 0.00000000 XLM
1 BTC = 0.00000000 XMR

Ethereum

1 ETH = 0.00000000 USD
1 ETH = 0.00000000 BTC
1 ETH = 0.00000000 XRP
1 ETH = 0.00000000 LTC
1 ETH = 0.00000000 BCH
1 ETH = 0.00000000 EOS
1 ETH = 0.00000000 XLM

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    DealsCryptoCoins is a blog about cryptocurrency, especially about Bitcoin. All you need to know about blockchain tech, crypto-trading, mining, and more.

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    Everything you need to know about mining

    Everything you need to know about mining

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    Big traps of investing in cryptocurrency

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