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Monday, 25 May 2015

Crypto currency prices shot up drastically this month?

Does the price of cryptocurrency explodes lately? World currency markets are witnessing that cryptocurrency has booming lately.After watching the price fluctuation in currency trading crypto, I find the market prices began to rise drastically in market prices cryptocurrency the past 2 weeks ago, with the price increase makes predictions are 80% accurate. This is pretty much different where market prices have decreased drastically following the shutdown mtgox since february 2014.Cryptocurrency market price competition is between altcoins and bitcoin. Price increases drastically 20-35% every day since the second week of May 2015.While bitcoin price remained of 241.99919910 USD (24hr high) to 237.60000351 USD (24hr low) without a drastic change, no effect due to the change in the price of other cryptocoins.Bitcoin is a major currency, and is a major market in the crypto currency trading, while Altcoins are minor coins, referred to as Bitcoin alternatives because, at least to some extent, most altcoins hope to either replace or improve upon at least one component Bitcoin.ABOUT ALTCOINS YOU NEED TO KNOW
  • There are hundreds of altcoins (478 CoinMarketCap listed at the time this guide was written), and more appear each day.  
  • Altcoins: Most are little more than Bitcoin clones, changing only minor characteristics such as its speed transactions, distribution method, or hashing algorithm.  
  • Most of these coins do not survive for very long. One exception is litecoin, which was one of the first altcoins. In addition to using a different hashing algorithm than Bitcoin, litecoin has a much higher number of currency units. 
  • Example of altcoins, litecoin, Ripple, Darkcoin, primecoin, Nxt, dogecoin, 
  • Most of these coins do not survive for very long.One exception is litecoin, which was one of the first altcoins. In addition to using a different hashing algorithm than Bitcoin, litecoin has a much higher number of currency units. 
  • There are a variety of ways to obtain altcoins.
  • You can also trade for altcoins on cryptocurrency exchanges. 
  • Most use Bitcoin exchange as an intermediary (although a few include fiat pairs), so if you do not already own bitcoins you will need to buy some before you can trade for altcoins.  
  • Some of the most-trafficked exchanges include ether, Bittrex, MintPal, Cryptsy, and BTC38 (Chinese only).
It's up to you to judge the coins as possible before investing, whatever I advise to be careful because cryptocurrency trading DOES involved risks in your invesment  including it can result in loss of all money. Price are volatile and fluctuate day-to-day.
Few things to consider before you start buying coins:

1.     Trade Volume per 24hour
2.     Market Capitalizations (Market caps)
3.     Market Exchange availability
4.     Price  

As the analysis in this article, the accuracy is 80-90% so far,it may helps you in making good choice. >>24 coins must buy
Good luck in your investment.

2 comments:

  1. Thank you for sharing this information.
    CoinOrbisCap is the best user-friendly financial app who take digital currency seriously. Gives you quick access to crypto prices, market cap, coin chart, crypto news on over 1500 currencies.

    Download here for FREE!!

    ReplyDelete
  2. Thank you for sharing this information.
    CoinOrbisCap is the best user-friendly financial app who take digital currency seriously. Gives you quick access to crypto prices, market cap, coin chart, crypto news on over 1500 currencies.

    Download here for FREE!!

    ReplyDelete

Warning /disclaimer:

· Cryptocurrency trading is a high risk endeavor that remains up to the user to manage.

· This site does not intend financial advise. All investment, including Cryptocurrency use can result in loss of all money.

· This site takes no responsibility for viewers' investment choices.

· Crypto currencies prices are volatile and fluctuate day-to-day.

DO NOT invest what you cannot afford to lose!