Which Crypto Should I Buy for the Long-Term?

In 2017, cryptocurrency enjoyed some huge gains in value. Bitcoin, for example, reached an all-time high of nearly $20,000 before dropping to less than $6,000 by early 2018. But while Bitcoin continues to have its ups and downs, it has seen a resurgence in 2018.

Cryptocurrency is all the rage these days. Bitcoin, Ethereum, Litecoin, Ripple, Monero, Dash—there are so many choices, and new ones are being added all the time. Which one should you buy? How does one choose the right ones? And how do you store them? It’s easy to get overwhelmed by the choices these days, so let’s explore some ways to narrow down your options. To begin with, there is the question of where to invest. There are online exchanges where you trade one digital coin for another. You can also invest in cryptocurrency directly by buying or mining it on your own.

The evolution of blockchain technology has been exciting to watch. From digital currencies like Bitcoin to stablecoins like Tether, blockchains have helped facilitate the exchange of value between consumers, companies, and governments around the world. While blockchain’s potential is fascinating, it’s not without problems.

Bitcoin

Bitcoin and the entire cryptocurrency revolution are still in its early stages, so you might not understand how these new technologies work. Here’s a short guide to help: Bitcoin is a digital currency that was created in 2009 by an unknown person (or group of people) using the alias Satoshi Nakamoto. Unlike the use of paper money, Bitcoin does not have a central authority. Instead, it is created and tracked by the public using blockchain technology. When you send or receive Bitcoin, the transaction is automatically recorded by all the computers connected to the network.

Litecoin 

Litecoin (LTC) is a member of the cryptocurrency family that is favored by cryptocurrency fans for its speedy transaction confirmation times. Unlike Bitcoin and other cryptocurrencies, Litecoin (LTC) is a peer-to-peer electronic cash system that allows you to send peer-to-peer payments from one person to another in exchange for goods and services.

Why should you get Litecoin crypto? Litecoin, more formally called Litecoin Cash, is one of the many forks of the Bitcoin blockchain. While Bitcoin is often referred to as being slow and cumbersome, Litecoin is one of the fastest cryptos in the world. It’s three times faster than Bitcoin. While Bitcoin is often perceived as being too expensive for the average person, Litecoin is a lot more reasonably priced.

Cardano 

The Cardano cryptocurrency market has changed a lot in the past two years, with the market being dominated by a few large players, such as Bitcoin and Ethereum. These days, there are a lot more cryptocurrencies to choose from, including Cardano, which is a decentralized platform that launched in 2016 and has seen its fair share of ups and downs since then.

Cardano is a decentralized public blockchain and cryptocurrency project that has a native cryptocurrency. The Cardano project seeks to build complete decentralized financial technology for a world of autonomous agents. Cardano’s decentralized public blockchain supports smart contracts, which are programmed agreements that can automatically execute when specific conditions are met.

Cardano is the decentralized blockchain platform that is going to revolutionize the crypto world. It is different from other crypto coins because Cardano is open-source and decentralized.

Tether 

Tether is backed by the U.S. dollar but trades at $1 to $1.06, making it much cheaper to use than Bitcoin. Tether was the first cryptocurrency that was created and launched in 2014. As of October 2017, the value of Tether’s dollar holdings is over $1 billion. Tether’s CEO, Tether Limited, claims the cryptocurrency is backed by U.S. dollars held in reserve at a “central bank.” However, Tether’s bank accounts are only at Wells Fargo Bank, meaning Tether’s dollar backing is likely less liquid than you may think.

Tether (USDT) is pegged to the US dollar (USD) and is one of the most stable cryptocurrencies in the market today. Tether was created in 2014 by a company known as Tether Limited, a subsidiary of Bitfinex, a Hong Kong-based bitcoin exchange. The digital currency, which was issued in 2014, is accepted as payment on major cryptocurrency exchanges for trading cryptocurrencies, including bitcoin, Ethereum, and XRP.

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