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“We believe the crypto market is amidst unprecedented institutional adoption,” Bernstein analysts Gautam Chhugani and Mahika Sapra wrote in a note seen by Coindesk. “We expect total crypto market cap to reach $7.5 trillion by 2025 versus $2.6 trillion today.”

Musk’s tweets, while not necessarily posted for his own financial gain, can greatly affect investors in cryptocurrency. They also raise questions about the solidity of a market that can be so easily swayed, especially as retail investors increasingly flock to cryptocurrencies. In April, the cryptocurrency exchange platform Coinbase became the first major cryptocurrency company to go public in the US, signifying the mainstreaming of blockchain-based currencies like bitcoin, ethereum, and dogecoin.

Cryptocurrency reddit

So you might be asking yourself, does ETH truly follow the trajectory of Bitcoin, and if not, what’s the major reason why? Yes, Ethereum is technically an alt, but given it’s dominance in the market – should it not lead the market as well? As you can see, I posted a graph of actual crypto performance to keep people guessing. I have to make this look legit, and if it’s super obvious that everything I’m talking about is BS, well then I cant reward the lucky people who stick around. Speaking of, the first 4 people who comment with the answer I’m looking for win a share of the prize mentioned earlier. Also, this graph is from 2017… So you can understand that one of the main reasons that Ethereum struggles to lead the pack, at least as of this point, is because of lack of institutional interest (comparatively to BTC) as well as the high fees.

Conclusion: I think that during a bull market (which we are in now) its better to just leave your money in a specific coin instead of switching it around and trying to time the dips. Instead of trying to time the market ups and downs, reload when a coin drops significantly and continue holding. Keep adding to your position on the dips.

Hardware / Offline / Cold Wallet- an offline storage device (e.g. hard disk, USB stick). You might’ve heard the names Ledger or Trezor, these are the 2 biggest brands at the moment. The ledger supports over 1200 cryptocurrencies, while Trezor supports over a thousand. It is also the most secure way to store your cryptocurrencies.

DYOR – Do your own research. If you really want to delve into the bread and butter of a project, the whitepaper is the best place to start. What is a whitepaper?A whitepaper is created by the developers of a project. Every legitimate project has one of these. It outlines absolutely everything you can expect from a project If you’re still reading this starting simply from what the project is trying to accomplish, capital letters to more complicated aspects regarding the programming and next paragraph use-case of said project. This isn’t necessarily a requirement in order to DYOR, however it’s typically the most obvious way to weed out the shitcoins from legitimate ICO’s. look at the whitepaper from the most popular cryptocurrency, Bitcoin.

To the average person, putting any kind of an evaluation on a fake internet point sounds absolutely bananas, however as soon as you begin distributing a limited supply to a small user base, and use a pre-existing smart contract platform (ETH) you trust that the underlying asset has some sort of monetary value…

At first it worked great and in a month span I doubled my “day trading” account. At the same time my other holding account was up about 20%. I thought I was doing great. And moved some of my holding funds into my day trading account.

cryptocurrency wallet

Cryptocurrency wallet

Hoewel Bitcoinmeester van Hollandse bodem is en zeer eenvoudig te gebruiken voor beginnende cryptocurrency beleggers, missen we toch de wat geavanceerdere functies die we zien bij grotere, internationale crypto exchanges als Binance, Huobi en Coinbase.

Als je wilt beginnen met handelen in Bitcoin en andere cryptocurrencies, moet je natuurlijk eerst een crypto wallet hebben om je crypto’s in op te slaan. Om een Bitcoinmeester account aan te maken om dit te doen volg je gewoon de volgende eenvoudige stappen:

Ook is het bedrijf verzekerd door Lockton tegen cybercriminaliteit. Op de website van KuCoin lezen we dat bijna alle digitale valuta van KuCoin’s klanten offline opgeslagen worden op multi-signature cold storage wallets. Welk percentage dit exact is, is helaas onbekend.

Nu je eenmaal succesvol een geverifieerd LiteBit account aangemaakt hebt, kan het handelen in cryptocurrencies beginnen! Vanaf je dashboard-omgeving kan je verschillende cryptocurrencies kopen voor Euro’s of je cryptocurrency wallets zien, waar je crypto’s heen kan sturen om deze (tijdelijk) op te slaan bij LiteBit.

Bij KuCoin heb je als gebruiker ook de mogelijkheid je eigen exchange wallet optimaal te beschermen. Zo kan je niet alleen een two factor authentication instellen voor je KuCoin account, maar ook extra passphrases en wachtwoorden om in te vullen voor je een tradepositie kan openen of sluiten.

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