Articles How to Start Your Investment Portfolio: Is the Crypto Space the Place to Invest? Published 2 years ago on March 28, 2017 By Rebecca Campbell The idea of investing for the average person can often seem like a daunting prospect. Many people may be put off by the idea of investing their hard-earned cash, let alone what they should invest in. Not only that, but the rise in digital currencies such as Bitcoin and Ethereum is further adding confusion as to whether this is a good place to start an investment portfolio. Yet, it doesn’t have to be that way. The beginning of 2017 has proved an incredible start for Bitcoin. In March it increased to a high of $1,350 prior to the Securities and Exchange Commission’s (SEC) decision on the first Bitcoin exchange-traded fund (ETF). However, as March ends, Bitcoin’s price is hovering under the $1,000 mark, according to CoinMarketCap, triggered by the SEC’s rejection of the ETF and investor selling as continued talks about a potential Bitcoin hardfork circulate. But, even though the currency is susceptible to fluctuating prices, some may still consider it a viable asset for investment. Yet, despite excited proclamations by Bobby Lee, BTCC’s co-founder and CEO, tweeting a bitcoin price prediction of between $5,000 and $11,000 by 2020, investing in Bitcoin is not for the faint hearted. Knowing when to buy is crucial as you will want to buy low and then sell high, but be prepared for massive swings in value. Speaking to Hacked, David Motta, Internet entrepreneur, investor and CEO of business consulting firm, ACQURE Business Solutions, thinks that the cryptocurrency space can be extremely profitable. “I believe a revolution is underway and increasingly we will see new incredible developments involving the new currency and the blockchain technology in general,” he said. However, while it may be too late to see any significant returns with Bitcoin, Motta says there are other coins on the market that are demonstrating promising movement and could, potentially, go the way that Bitcoin is. For example, Ethereum, the second largest cryptocurrency after Bitcoin, with a market value of $4.2 billion is just shy of $50 for one Ether, significantly cheaper than Bitcoin, but growing day by day. Whereas, Dash, the third largest cryptocurrency at a market value of $746 million, is currently valued around $104. Not bad, considering at the beginning of March its price was hovering closer to $44 and two months before it was listed around $8. When to Start Investing Phil Town, investment advisor, hedge fund manager and author of two New York Times best-selling investment books, Rule #1 and Payback Time, says it’s never too late to start investing, which can certainly be applied to the crypto space. Considering its relatively short lifespan, new investors may only be just discovering cryptocurrencies and the possible benefits it can provide, which can pose the risk of knowing what to look out for. As there are hundreds of altcoins available waiting for you to swap your fiat money for the cryptocurrency, Motta recommends that you ‘become a sponge and learn as much as possible about the space.’ “Since it’s so new, it’s very easy to believe in promises made by not so reputable companies due to lack of knowhow or having nothing else to compare to,” he said. He adds that if there are any digital coins you’re thinking of investing in, you should read their whitepaper to understand what exactly they are doing and what they plan to do with your money. Some questions he says you should consider are: How do they plan to create rapid consumer adoption? What’s their technology like? How did their Initial Coin Offering (ICO) go? Did they follow the right steps and use a public escrow? Are they utilizing a mining or staking process? If you feel happy with what you’ve read in the whitepaper and are still happy to proceed, start small and only invest a small portion of your money. This will give you an idea as to how cryptocurrencies works, how to trade it and how to handle it safely in a wallet. Just because a cryptocurrency may be doing well now doesn’t mean that’s always the case. Proceed with caution and avoid investing large sums. How to Buy It? To buy cryptocurrency you do so via online exchanges and platforms. If you’re interested in bitcoin you can buy the currency in fractions or ‘bits’ instead of the whole bitcoin with investment starting as low as $10 on some exchanges. A few beginner-friendly exchanges to consider include Coinbase, LocalBitcoins, Blockchain.info, and Bitstamp, which was the first regulated and licensed virtual currency exchange in the EU. As bitcoin has a finite supply, which is capped at 21 million bitcoins, the system will stop producing new coins. Every four years the number of bitcoin halves with the cap expected to be reached by around 2140. However, it’s not known what impact this could have on the value of the currency. However, in the whitepaper ‘Bitcoin: A Disruptive Currency,’ Chris Burniske of ARK Investment Management, which was the first public fund manager to invest in bitcoin, said: Given its predictable growth and ultimate fixed supply, bitcoin could become a store of value superior to fiat currencies in the long term. The trajectory of bitcoin’s supply growth will not change, unless the economic majority agrees to it. So Should You Invest? Motta concludes by saying that the cryptocurrency space is still ‘very young’, but that it has ‘huge potential to grow.’ While bitcoin can’t be hacked (as far as we know), manipulated or changed, it’s still vulnerable through exchanges or digital wallets, like online bank accounts. If you’re interested in the crypto space and are looking for a way to start your investment portfolio, doing so with cryptocurrency could be a viable option. As the saying goes, though, don’t put all your eggs in one basket; diversification is key. Research the market, know what you’re getting into and don’t put your life savings into something that could potentially collapse just as easily as it started. Featured image from Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Rebecca Campbell Follow @HackedCom Feedback or Requests? Related Topics:BitcoinethereumInvestment Portfolio Up Next Daily Analysis: Cryptocurrencies Advance as Brexit Officially Begins Don't Miss Investment Recommendations March 28th You may like U.S. Stocks Rise on Solid Bank Earnings; Cryptocurrencies Look for a Catalyst Crypto Update: Zilliqa a Good Buy on Dips Trade Recommendation: ETHLend Top 3 Price Prediction Bitcoin, Ripple, Ethereum: The pump doesn’t get any quality jump Crypto Update: 5 Altcoins to Watch This Week News Flash: Crypto Markets Swing Higher as Bitcoin Climbs Above $3,700 2 Comments 2 Comments mvppvm_07 March 28, 2017 at 8:51 pm I agree that it’s crucial to ask appropriate questions. The ones mentioned are good. You want to do a follow-up article? Provide some answers to the questions you’ve put in the article. Offer the pros and cons to the answers to a targeted, but significant group of secondary currencies. (LITE, DASH, ETC, ETH). That will give some guidance regarding the kind of things to look for as answers to the questions asked. This would be helpful for those of us “sponging” toward success. Thnx. Log in to Reply Edward Talliot March 29, 2017 at 7:13 am Good input. Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Altcoins Lite.IM Surpasses Facebook In Race To Support Cryptocurrency Compatible Messenger Published 2 days ago on January 14, 2019 By Chris Matthews Since the early part of 2018, crypto traders have been bombarded with bad news. Hacks, broken promises, and overall lack of enthusiasm have resulted in huge losses. But more than that, some promising cryptocurrencies just haven’t survived. As traders look to the future, they should begin looking at projects that have the potential to disrupt industries and take them to the next level. One company that has the potential to accomplish that is Zulu Republic (ZTX). Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms. The company’s stated mission is to advance the development of decentralized technologies, to promote human rights and empowerment around the globe, and to reduce the global digital divide. Well the company is off to a great start with the development of Lite.IM. What is Lite.IM? Lite.IM is a project aimed at expanding global cryptocurrency adoption. With Lite.IM, users can send, receive, and manage Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and the company’s native currency (ZTX), on Facebook Messenger, Telegram, and SMS (in the USA and Canada). To get started managing these cryptocurrencies on the aforementioned platforms, users simply need to send a text-based command to the Lite.IM bot. The commands are as follows: Telegram: @LiteIM_bot Facebook Messenger: @lite.im SMS (USA and Canada only): 760-LITEIM-0 Competition with Facebook On December 21st, 2018, Facebook announced that it was developing its own stable cryptocurrency that users would be allowed to exchange through its popular chat service, WhatsApp. But while Facebook’s initial approach will target users based in India, Lite.IM is open to everyone in the world. Further, Zulu Republic has previously mentioned that they expect to announce support for WhatsApp in the next few weeks. It certainly appears as though Lite.IM has the upper hand here. And that is before even addressing Facebook’s obvious privacy concerns. When it comes to cryptocurrency, privacy and security have always been two issues at the forefront. Given the rough year that Facebook has had in that regard, users must certainly be forgiven if they have trouble trusting the social media giant. In September, 2018, Facebook announced that an attack on its computer network had exposed the personal information of nearly 50 million users. Apparently, the hackers were able to exploit a feature in Facebook’s code to gain access to user accounts. Even prior to this announcement, Facebook was already under Congressional scrutiny over revelations that a British analytics firm obtained access to private information from nearly 87 million Facebook users. Not to mention Facebook’s rumored involvement with Russian election meddling. Suffice it to say, it has been a tumultuous year for Facebook. And while users may have concerns trusting Facebook’s ability to handle cryptocurrency data, they shouldn’t have those same concerns with Lite.IM. Private keys are RSA encrypted with the user’s password. Lite.IM will never ask for that information nor will it be stored. Because of this, no third party will ever have access to that valuable information. Conclusion The truth of the matter is that Facebook is an absolute giant and has grown at an extraordinary rate since its initial public offering. Facebook has hired some incredible talent, from executive positions to marketing to development. And while one should never count them out, I simply wouldn’t be able to trust them with all of the recent issues. Perhaps in time, after regaining the public’s trust, users could once again look to Facebook as a leader. Fortunately, users have another strong and dependable option. Lite.IM will allow users all over the world to manage popular cryptocurrencies via their favorite messenger platform. Users should continue to stay tuned for future developments. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (1 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... Chris Matthews 4.8 stars on average, based on 21 rated posts Follow @HackedCom Feedback or Requests? Continue Reading Altcoins Product Owner Interview – GShare Has Potential To Increase Adoption Of MobileGo (MGO) Tokens Published 3 weeks ago on December 26, 2018 By Chris Matthews In early December, I wrote an article on why investors should be paying attention to MobileGo (MGO). Exploding popularity of the gaming industry and an impressive partnership agreement with Xsolla led to a surge in MGO’s token price. In addition, the team of MobileGo created an application, called GShare, that has the potential to significantly increase MGO token adoption. What is GShare? GShare essentially allows users to rent the power of their computers to earn virtual coins. These coins can then be redeemed later for several gaming options including tournament entry fees. Through this platform, a user can control the amount of computer resources that are used throughout the process. Although GShare is currently only at the public beta testing stage, virtual coins can still be earned by making purchases for Xsolla products. But, according to Igor (the product owner of the GShare app), the goals are much more global than just Xsolla. Fortunately, I was able to land an interview with Igor and asked him about the goals, benefits and upcoming upgrades of the project. Interview What is the mission and vision of the project? Igor: Ok, the mission and vision are basically to enable anyone, with the focus group being gamers, to easily obtain free stuff. For example, for simply sharing their time and computing power, users can come away with games, in-game items, and eSports tournament tickets for free. What is the advantage of this application as compared to other earning tools in the gaming industry? Igor: The main advantage is simplicity. Thanks to the partnership with Xsolla, another important advantage is being able to use the virtual currency to buy games and make in-game purchases. In the future, I expect that users will be able to earn items directly within the application. While there are other programs available in the market that allow users to earn virtual currencies, typically users must spend a long time, sometimes up to a year, to earn enough virtual currency to purchase a basic product like a keyboard. The general idea of GN Gold (GShare currency) is that we will eventually have an entire ecosystem that will support it. In the future, we fully expect there to be a deep integration between game publishers and being able to use GShare directly to get different items – this is the first step to earing free items outside of the games. We hope to separate ourselves from competitors by forming more direct integration with the games themselves. What is the actual development status? As far I know it’s still in beta test mode. Igor: Yes, we can say it is a public beta test. But it is available. Anyone who registers in GShare can download and use it. The test mode is available for the first 500-1000 users of the platform. This will help our team to identify and fix the bugs. At present, our internal version is 0.9.17. If I remember correctly, there was a recent upgrade. Is that accurate? Igor: Yes, it actually happened a few days ago. Next week, we plan to upgrade the version by adding additional languages including English, Russian, Chinese and Korean. After that, the plan is to add Spanish and Japanese in the near future. Are there any other upgrades you are expecting soon, perhaps in the next couple of months? Igor: I think that the first noticeable change will be some type of boosting feature. After performing certain actions or tasks, users will see an increase in their GShare Gold earning rate. An example of a boost might include increased earning power for two hours. We expect to begin working on this feature on Monday although I don’t expect it to be completed until February at the earliest. How is GShare currently interconnected with other products? Are there any upcoming changes in this respect? Igor: Right now, there are no direct connections except that a user can spend GShare Gold on the competitive platform. A user’s GShare Gold is used as a participation fee. If a gamer wins a tournament, they will have the option to receive their prize in either MGO tokens or GShare Gold currency. As far as I know, both products (the earning app and competitive platform), use the same username and password. Is that true? Igor: Yes, they do. All products of the ecosystem will be easily accessed via a single user profile. So, we will focus mostly on integrating with games and allowing game-publishers to integrate with us. In this way, users can directly spend GShare Gold within the games or use the currency to get items directly. Okay, are there any technical requirements before someone can run the GShare App? Igor: I wouldn’t say there are any specific requirements. Since gaming already requires significant computing power, it’s fair to say that most gamers will already have the necessary hardware to run the app. I just want to clarify one thing. As I understood it, the eSports platform is now used mainly for casual games? Igor: Yes. The eSports platform now targets casual gamers while GShare is targeting more of a core gamer audience. What are the limitations and how can someone know whether they should use GShare? Igor: At the moment, that’s a very difficult question to answer given that we’ve only just launched the beta. During this test period, we hope to learn more about whether an average gaming machine with an average GPU will be enough to earn users some profit. Although I can say that even laptops with just CPU are able to earn something right now. It’s also important to remember that the boosting feature, in which development will begin shortly, will play a pivotal role here. What are the future goals for GShare? Igor: For me, the goals are like most other technology businesses – stability and scalability of the application. Certainly, we hope to make the experience as pleasurable for the users as possible. Avoiding bad experiences, like application crashes, are of paramount importance. Some of the team will be working constantly on improving the algorithms, stability and scalability, fixing bugs, and making small fixes in the background. In the near term, the priority is certainly to finish earning item features, testing it, and getting as many game publishers as possible. The boosting feature is also very important. Does GShare have the potential to change the gaming industry in the long-term? Igor: Well, the company’s long-term goal is to do good things. We hope that all these products and GShare will be able to support the community and create strong social values. Users can choose to interact within the framework of a thematic platform. An example of that would focus on how a gamer’s view is changing. This is not just about gaming but allowing people to use their computer for many things while not having to make any effort to go outside. …. and what’s the scope of the project? Igor: Well, for me personally, the scope is to provide as much profit for users as possible. It would be great if people could run the application overnight while earning a few dollars. That would really be something. What are you doing to increase awareness of the GShare Application? Igor: Our team is working on that right now. In January, we expect to begin introducing the app to the Chinese and Korean markets. In addition, we are negotiating with partners. Word of mouth among gamers will also play a big role. That, of course, will depend on the quality and success of the beta. This will be my final question. What role do you play in this project? Igor: Well, when I came to the company, they wanted me to lead the core. Prior to joining, I was a product manager for the core team in my previous role. The previous role afforded me a lot of experience but, for me, it had become a bit tiresome and uninteresting. It was really about the things that the ordinary user doesn’t see, and I was dealing with all the back-end. This project is different. It sounds like “Oh, we haven’t go these” – now you do! Right now, I’m trying to figure out ways to give the end users as many benefits as possible. I spend a lot of my time ensuring a good user experience. Chris: Igor, thanks so much for taking the time to give me an interview. Igor: You’re welcome. Feel free to contact me anytime if you have more questions. Although GShare is still in the initial stage of development, the potential is certainly there for a bright and meaningful relationship between gamers and publishers. As awareness increases, there is a strong possibility that adoption of MobileGo (MGO) tokens will also increase. Disclosure: Chris is long MGO tokens. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (1 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... Chris Matthews 4.8 stars on average, based on 21 rated posts Follow @HackedCom Feedback or Requests? Continue Reading Altcoins Waves Continues Surge During Bear Market Published 3 weeks ago on December 24, 2018 By Chris Matthews Although the overall crypto market continues to be extremely bearish, there have been a few reasons for traders to smile. The main reason for encouragement is the recent spike in Bitcoin’s (BTC) value. Bitcoin has increased roughly 28% since December 17th. Given that Bitcoin was recently in danger of dropping below the much feared 3,000 level, traders will gladly take the early Christmas present of 4,000+. It’s still unclear if the bulls have returned or if this is simply a dead cat bounce. Either way, it’s an encouraging sign for the overall crypto market. New Mobile App Announcement While altcoins generally haven’t participated in the recent Bitcoin rally, one coin that continues to defy expectations is WAVES. WAVES is a decentralized blockchain platform focusing on custom blockchain token operations. National currencies transfer is maintained on the Waves blockchain trough compliant gateway operators. Waves has had an incredible month driven primarily by extremely positive developments on the technology front. In early December, Waves announced a comprehensive, all-in-one app for mobile devices. This app includes a one-of-a-kind feature set that includes a crypto wallet, the Waves DEX, and a FIAT gateway. This development certainly sets Waves apart from its closest competitors. One of the biggest issues among all crypto users is privacy. Privacy is so important that it has spurred the growth of several privacy focused coins such as Monero (XMR) and Zcash (ZEC). This new mobile app has addressed privacy concerns by encrypting all traffic. This means that the keys never leave one’s smartphone, are never exposed to the web, and are stored locally. The app also does a nice job of supporting additional security measures such as Face ID, Touch ID and Fingerprint scanning. Taken all-together, mobile app users can rest easy knowing their data is secure. Waves is also known for having one of, if not the fastest, decentralized digital asset exchange in the world. The primary advantages of DEX include the following: Decentralized and anonymous Unlimited crypto withdrawals Thousands of pair trading options Transaction settlements completed within seconds Available on any device Fees less than $0.01 Average 24h volume of more than $6.3 million Given the popularity of DEX, it makes complete sense for mobile users to now have access to it. This includes all the same tools and charts that desktop users have access to. Any way you slice it, this is a huge development for the Waves platform. December Price Surge Although most coins are having a December to forget, Waves is having a December to remember. Waves was trading at $1.24 to start the month but has more than tripled in price since. The coin is now trading at $3.88 as of this writing. While that kind of return was common in 2017, it’s the kind of return that gives hope to many crypto traders that the good old days can return once again. The chart clearly shows that the coin surged immediately after the announcement. While a price rise isn’t terribly uncommon after a press release, the follow through is. Waves has continued its surge through the entire month of December. Christmas certainly came early for Waves hodlers. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (3 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... Chris Matthews 4.8 stars on average, based on 21 rated posts Follow @HackedCom Feedback or Requests? Continue Reading Augur Jumps 38% Overnight as REP/BTC Explodes on B... Top 3 Price Prediction Bitcoin, Ripple, Ethereum:... Crypto Update: Zilliqa a Good Buy on Dips Futures Update: Deeper Correction Looms for S&... Cardano Price Analysis: ADA Bulls Set for Another... 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We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com. Trending Altcoins1 week ago Will Ethereum Continue Rally Ahead Of Constantinople Hard Fork? Ethereum1 week ago Price Prediction: Ethereum Relaxes on Its Journey to Constantinople Blockchain1 week ago Your Guide to Precious Metals on the Blockchain Cryptocurrencies1 week ago 2018 Crypto Crash: Here’s What Actually Caused It Altcoins1 week ago XRP Price Analysis: XRP/USD Explosive Breakout a Matter of Days? 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