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What To Look For When Investing In Cryptocurrency

Poor investments can mean thousands of hard-earned dollars down the drain in a matter of weeks. So when you plan on investing in a particular stock or property, you get every detail down to the last inch. Sometimes, something new pops out. It’s popular, people are making money out of it, and you want to hop on the wagon and get your share as soon as possible. This is basically what happened when the value of cryptocurrencies skyrocketed. So, if you’re planning on investing in cryptocurrency, here are some factors you should look into.

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First of all, take a hard look at the founders of the currency. Anyone with an internet connection can make their own cryptocurrency. This is why you should find out whether the people behind your cryptocurrency of choice have experience in crypto, in business, and digital expertise.

Next, check if the circulation of the currency is great. It’s easy to know how much of the cryptocurrency is currently in the market, and how many digital wallets have the said currency. Because these cryptocurrencies are limited, its value improves the more utility people find in it.

You should also calculate the current market cap of the currency. You can do this by multiplying the number of coins currently in circulation by its price. You can then compare this to other cryptocurrencies and see if it’s undervalued or overvalued.

Lastly, check the currency’s activity online. Are people talking about it on social media? Positive or negative information regarding a cryptocurrency can also dictate if it’s a sound investment or not.

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Ormeus Coin by Ormeus Global is built on Ethereum. The new digital money system is supported by a fully-audited, $250-million industrial crypto mining operation. For more insightful reads on cryptocurrencies, visit this blog.

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Cryptocurrency In An Ai Future

The cryptocurrency market is an ever-vibrant and dynamic form of blockchain trading. But change and disruption are happening at a rapid pace, bringing forth the question: what’s in store for cryptocurrency in a future dominated by artificial intelligence (AI)?

For one, psychology plays an important role in modern investment, particularly in the decision-making phases. Individual psychology is often deemed the biggest limiting factor in the process, resulting in errors and bad decisions despite the presence of more effective strategies. This is why automated trading strategies are becoming more and more popular: humans aren’t as disciplined as machines when it comes to regulating emotions. The presence of robots and other AI tools could harness this advantage.

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Financial systems and investment funds, too, are at the mercy of staggering amounts of data. AI can be deployed to help in market making, hedging, and generating returns. Amid unbelievably huge volumes of data produced every day, technology can help cryptocurrency firms and investors sift through the information and glean crucial insights.

AI is considered a promising factor in the cryptocurrency platform for several reasons, such as making more traders independent (and therefore making more money), allowing the expansion of a trading portfolio, and increasing investor confidence, since they can analyze the market and make informed decisions without having to amass advanced financial knowledge.

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With more individuals embracing cryptocurrency trading and AI, volumes are expected to increase as more people trust the currency and have more stakes in the game.

Ormeus Coin, a new digital money system backed by a fully-audited $250 million industrial crypto mining operation, is built on Ethereum. Learn more about the iAM Marketing team and cryptocurrency on this page.

Why Ethereum Is a Great Alternative To Bitcoin

Cryptocurrencies are all the rage nowadays, and leading the revolution is Bitcoin. Bitcoin was the first to come into attention in 2009 and has been proven for almost a decade now. However, with its record-breaking current price, it might be better for the beginning cryptocurrency enthusiast to look for alternatives.

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This is where Ethereum comes in. Appearing slightly later than Bitcoin in 2015, Ethereum is already creating a huge splash in the digital money scene, improving value and becoming a viable transactional medium. It’s interesting to see the quick rise to popularity of Ethereum, given that it’s such a young cryptocurrency. Even though its actual monetary value is still significantly less than Bitcoin, Ethereum is already second to it both in terms of market value and 24-hour trading volume.

Largely due to the inherent scarcity of Bitcoin and the hard limit on how many Bitcoins can be ultimately mined (21 million is the grail mark), the price of this currency will continue to go up. Ethereum will not be in such a predicament as its supply will remain constant, so it might be a better choice for more widespread use in the future.

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That Bitcoin is better at storing value is the given, but Ethereum is becoming a preferred method for many transactions, actually overtaking Bitcoin in a number of deals done in the middle of 2017. The main reason for this is that Ethereum can act as a platform for other cryptocurrencies and can be verified faster by blockchain technology. All in all, Ethereum is the more efficient and stable option, less prone to overpricing and maybe even volatility.

Ormeus Coin is a new digital money system backed by a fully-audited $250-million industrial crypto mining operation built on Ethereum. More insights and advice on cryptocurrency here.

Cryptocurrency Head-To-Head: Bitcoin Vs. Litecoin

Bitcoin is just among the many cryptocurrencies that have been made available over the past years. It has made headlines for its remarkable rise and rare crash in value. Making its first public release in 2009, Bitcoin is the dominant digital currency in the industry. Following its digital success is Litecoin.

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Litecoin derives most of its characteristics from Bitcoin, as the latter’s creator, Satoshi Nakamoto, has made it open source. This means anyone can take it, modify it, and utilize it to launch their own cryptocurrencies. Among the thousands of cryptocurrencies developed over time through Bitcoin being made open source, Litecoin is the one that is gaining traction. It was developed by Google’s former engineer, Charlie Lee, in 2011. His aim was to create a blockchain-based currency that would solve some of the problems inherent to Bitcoin, particularly the slow transfer speeds. In 2009, transfers for Bitcoin would only take 10 minutes, yet due to the growth in the size of the network and the Bitcoin blockchain, it now takes up to 30 minutes, reaching over 24 hours in extreme cases.

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The coin limit for Bitcoin is 21 million, and 84 million for Litecoin. Bitcoin uses the algorithm SHA-256, while Litecoin runs through Scrypt. The mean block time for Bitcoin takes 10 minutes, with Litecoin, 2.5 minutes. Block reward details are halved every 210,000 blocks for Bitcoin and 840,000 blocks for Litecoin. Initial reward for both are at 50 each, but the current reward for Bitcoin is 25 BTC, and 50 LTC for Litecoin. Bitcoin boasts of a higher market cap of $10,467,596,650.78 against Litecoin’s $540,274,528.26.

Ormeus Coin, a new digital money system backed by a fully-audited $250 million industrial crypto mining operation, is built on Ethereum. It is powered by green energy and is presently in possession of Bitcoin, Litecoin, and Dash mining rigs that produce $8 million a month as of February 2018. Learn more about Ormeus Coin here.

 

A simple guide to cryptocurrency Ethereum

Innovations in financial technologies have the potential to make transactions easier. Ethereum is an open software platform that gaining popularity among experts and users. Its token called “Ether” can be treated like Bitcoin and other cryptocurrencies. To mine the token, one must run and complete algorithms.

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While most people only associate Ethereum as an alternative to traditional currency, the platform can do more. The tokens can be used to run applications and execute tamper-proof smart contracts. The smart contract is perhaps the highlight of the platform as it allows users to create and execute a contract through codes that will be carried out in the whole network. What makes this technology “smart” is that as it keeps track of all changes and executes the terms on its own. The self-operating feature allows transactions to be carried out even without the step-by-step intervention of its creator. In the case of an amendment, the changes to the contract will be reflected in the whole network. Non-complying users won’t be able to mine the tokens.

Created by Vitalik Buterin in 2013, the goal of Ethereum is to become a platform that allows users to build applications without the hindrance of middlemen and third-parties. The Switzerland-based Ethereum Foundation conducts research and continues to develop the technology.

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Ormeus Coin by Ormeus Global is built on Ethereum. The new digital money system is supported by a fully-audited $250 million industrial crypto mining operation. Its revenue from the mining farm is cryptographically linked to the Ormeus Reserve Vault—ORV—by proof of asset technology and self-executing Ethereum blockchain smart contracts, that are ERC20 compliant. Visit this page for more information on the Ormeus Coin.