Hello friends....!!
Welcome back with new subject #CRYPTOCURRENCY.
This is our Casestudylance. My name is @Shubham your investment advisor and friend. Me & my team research on cryptocurrency for you and making this blog just for you.
"Digital coin ether hits record high as 2021 gains near 500% "
Now days we are listening this type of news and there are cress in investors and beginners .
WHAT IS CRYPTOCURRENCY .....?
A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized.
THIS ALL PROSSES GOING THROUGH BLOCKCHAIN TECHNOLOGY.
WHAT IS BLOCKCHAIN TECHNOLOGY...?
Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a 'digital ledger.
LET'S START....
Today we are looking for cryptocurrencies like BITCOIN ETHEREUM BINANCE COIN CARDANO DOGECOIN.....ETC.
some question before we start -
1)HOW MANY CRYPTOCURRENCY ARE AVAILABLE IN MARKET....?
2)IS IT SAFE TO INVEST IN CRYPTOCURRENCY...?
3)IS IT HIGH RETURNS AND HIGH RISK POSSIBLITY...?
#askyourself:
If you ever heard about cryptocurrency....?
What did you thing about cryptos are safe investment..?
Is our next generation using cryptos as currency....?
POINTS:
1)CRYPTOS (HISTORY ABOUT CRYPTOS)
2)CONTROVERSY ABOUT CRYPTOS
3)INVESTMENT IN CRYPTOS
When your friend talking about investment in cryptos and telling you about his friend make profit in cryptos then thing twice and make decision.
If you say why the read this blog till the end.....
1)CRYPTOS (HISTORY ABOUT CRYPTOS): HERE WE ARE LOOKING FOR THREE MAIN CRYPTOS WHIS IS BTC ETH DOGE
There are more than 4000+ cryptos available in market. but some of them are going to the sky, means the popularity is huge
A) BITCOIN :
On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins. In the early days, Nakamoto is estimated to have mined 1 million bitcoins.
IT MEANS IF INVESTERS ARE GROWING IN THIS SECTOR THEN THE PRICE OF BITCOIN OR ANY CRYPTOCURRENCY IS ALWAYES GROW IN POSITIVE DIRECTION.
HWO...?
THERE ARE ONLY ONE MILLION BITCOIN AND ALSO INVESTERS ARE INCREASING THEN IT COULD BE POSSIBLE THE PRICE OF BITCOIN IS RISING..!!
THIS IS CHART OF BITCOIN FROM 2009 TO 2019
AS OF STARTING THE PRICE OF BITCOIN IS NEARLY 0.003$ IN MARCH 2010 THEN IN NEXT TWO MONTHS IT GOES UP 0.01$
JULLY 2010 - 0.08$
FEB-APRIL 2011 - 1$
2012 -13$
2013 -266$
2014 -750-100$
2015 -200-300$
2016 -450-750$
2017 -600-630$
22 DEC 2017 -13800$
2018 -6200$
2019 -38000$
26 JAN 2019 -12637 $
05 JAN 2020 -9660$
08 JAN 2021 -40251$
HIGEST PRICE ON 14 APRIL 2021 - 62624$
15 MAY 2021 -46913$
BTC MARKET CAPITALISATION AS ON 15 MAY 2021 IS 1.18 TRILLION
B)ETHEREUM :
Ethereum was proposed in 2013 by programmer Vitalik Buterin. Development was crowdfunded in 2014, and the network went live on 30 July 2015, with an initial supply of 72 million coins. The platform allows developers to build and operate decentralized applications that users can interact with.
PRICE CHART OF ETH
14 OCT 2016 11.95$ AND NOW
15 MAY 2021 3649$
THE TOTAL MARKET
CAPITALISATION OF ETHERIUM IS NEARLY 284 BILLION $C)DOGECOIN:
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Dogecoin features the face of the Shiba Inu dog from the "Doge" meme as its logo and namesake.
PRICE CHART
01 MAY 2019 -0.001912$ AND NOW
15 MAY 2021 0.521481$
NOW ON THE DATE OF 15 MAY 2021 THE MARKET CAPITALISATION OF DOGE COIN IS 129.5 BILLION $
2)CONTROVERSY ABOUT CRYPTOS:
We didn't realize PUMP & DUMP in crypto market. how then see this..
this tweet from Elon Musk
First buy 1.5 Billion dollars BTC
Tell people company accepts bitcoin for purchasing Tesla
then BTC price rises
sell BTC for 2 billion dollars
tell people company doesn't accept BTC for "ENVIROMENTAL REASONS"
THIS IS A BUSINESS....
This last one is about Dogecoin and now Elon Musk moving towards dogecoin. THEN THING TWO TIME BEFORE YOU INVEST IN CRYPTOS.
THIS IS MAY BE WORNG WAY TO EXPLAIN THIS ALL BUT IT'S REAL.
I THING YOU CAN GET WHAT YOU WANT....!!
RIGHT...?
3)INVESTMENT IN CRYPTOS:
If you invested 10000 INR in cryptos(BTC) just before 5 months ago means on the date of 01/01/2021 on starting on new year then your investment turn into 17854.47 INR means 70% increment in only 5 months.
(Bitcoin can be divided up to eight decimal points. This means you can buy 0.5 Bitcoins, 0.02 Bitcoins, or even 0.00000001 Bitcoin, if it suits your budget. Depending on the exchange, you can buy Bitcoins with a credit card, bank transfer, or even cash.)
If you invested in ethereum is better than bitcoin.
If you invested in 10000 INR ethereum then your investment is turned into 40895 INR means 400% returns in only 5 months
(if calculation is wrong then tell me in comment)
GOOD RETURNS IN SHORT TIME IS GOOD FOR SEE.... BUT FOR INVESTMEM IS NOT OKY.........WHY...?
HIGH HRETURNS MEANS HIGH RISK
THIS CRYPTOCS ARE IN BUBBLE GROWTH THAT MEANS ANYTIME IT COLLAPSE.
IF SOMEONES TWEET CAN CHANGE LOTS OF DIFFERENCE IN THE PRICE THEN YOU CAN JUDGE THE SITUATION
AGAIN AND AGAIN I'M TELLING YOU JUST YOU ONE THING BEFORE YOU INVEST THING TWICE THEN DECID....
THIS IS FROM MY SIDE.
THANKS FOR READING....!!
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