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HOW DOES ONE INVEST IN CRYPTO?
There are numerous ways of investing in cryptocurrencies, these range from simply buying and holding the coins on an exchange. This can be perceived as risky, as Exchanges have been hacked and coins stolen, for example, Mt. Geox: https://goo.gl/JBhSvL. Trading on one of the cryptocurrency exchanges (still risky as the funds are held on the exchanges’ hot wallet, and many of these exchanges are unregulated) storing on a computer wallet and the risk of being hacked, paper storage (which can be tedious and troublesome) or a hardware wallet which is a combination of software and hardware (and most popular at present) are some of the options to trade these cryptocurrencies.

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ENTERING THE MARKET
The first thing you’ll need to do is decide which cryptocurrency you wish to purchase. There are hundreds to choose from, and each is slightly different from the other.

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Rather than researching the multitude of cryptocurrencies currently in existence and diving headlong, especially for first-time investors, it may be a better idea to spend some time following the trends and getting to know the basic and most prevalent currencies, and then begin to branch out once the basics of a few tokens are fully understood.

[merve10495]

#
Name
Market Cap
Price
Circulating Supply
Volume (24h) 6.11.17
1
Bitcoin
£55,463,339,686
£3,339.70
16,607,287 BTC
£848,780,999
2
Ethereum
£21,973,469,890
£231.34
94,981,923 ETH
£203,855,475
3
Ripple
£7,028,975,094
£0.18
38,343,841,883 XRP *
£155,942,431
4
Bitcoin Cash
£4,696,974,005
£281.69
16,674,263 BCH
£155,741,122
5
Litecoin
£2,129,815,914
£39.99
53,257,732 LTC
£47,547,779
6
Dash
£1,796,726,152
£236.25
7,605,334 DASH
£17,394,618
7
NEM
£1,474,416,847
£0.16
8,999,999,999 XEM *
£3,501,335
8
NEO
£1,277,660,764
£25.55
50,000,000 NEO *
£39,604,269

[merve10495]

Price Action
Bitcoin recently came within a whisker of the $5,000 level before a corrective move lower. Clearly the move higher has been explosive and therefore wild swing in both directions should be expected. The trend overall in the most well-known cryptocurrency is in good shape and pullbacks continue to attract buying interest, hence we do not believe that there is any reason in the short term for this sequence to end.


Why do you think the price of the BTC will be?

[merve10495]

Overview
Bitcoin (BTC) is arguably the most well-known cryptocurrency starting out in 2008 and with an admittedly onward growth, the value and popularity of this coin has reached exponential heights. With a market capitalization of $64.36 billion (as of 15/08/2017) it is currently considered to be the most valuable coin. Daily volume for the past 24 hours was $1.1 Billion (blockchain.info) and 30% of transactions currently are traded in USD. Daily volume for the past 24 hours in USD was $397,507,250 (WorldCoinIndex (WCI) figures as of 17/08/2017).
YEAR TO DATE

[merve10495]

Overview
Ethereum (ETH) differs from Bitcoin since instead of just being a method of payment it can also be used to run applications. It is a decentralized software platform that enables smart contracts. A smart contract represents an agreement that is able to enforce and execute itself and an individual can specify conditions under which a person will be paid, and once those conditions are met the money will automatically transfer to the person without any outside interference. Daily volume for the past 24 hours was $650,459,985 (IndexCoin(IDC)).

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Price Action
Ethereum has experienced some explosive growth since the beginning of 2017 but continues to be repelled at the $400 level. Its latest attempt has seen sellers hit the price aggressively as the price falls to below $300 in a relatively short space of time. A correction appears underway, and we witnessed stabilization and for buying interest to resume.

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OVERVIEW Bitcoin Cash (BCH) was established on the 1st of August 2017 in an attempt to divide the bitcoin network. It is similar to bitcoin
but differs in one notable way; bitcoins block size limit remains at one megabyte (1MB), (roughly 250,000 transactions per day). Bitcoin Cash has increased the block size limit to 8MB (roughly 2 million transactions processed per day). There is also a discount in value with one Bitcoin Cash unit ($294.12) trading at a discount of 12 times to one Bitcoin ($3,911.00). The daily volume for 17/08/2017 was $45,747,393 (WorldCoinIndex).

Bitcoin Cash (BCH)...do you think it is worth investing in?

[merve10495]

PRICE ACTION Bitcoin Cash is the newest player on the
cryptocurrency scene and already has been subject to some wild trading activity. Since its inception at the beginning of August the currency has seen an $800 range. We expect to see more wild moves as the new currency begins to settle in and attract new interest.

[merve10495]

OVERVIEW
Litecoin (LTC) launched in 2011 by Charlie Lee, an MIT graduate and former Google engineer, it is an alternative cryptocurrency based on the model of Bitcoin. Litecoin is based on an open source global payment network that is not controlled by any Central Authority. Litecoin differs from Bitcoin in aspects like faster block generation rate and use of scrypt as a proof of work scheme. Daily volume for the past 24 hours was $95,370,000.

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PRICE ACTION
Litecoin is experiencing new highs following an explosive move higher having broken the resistance around $53. The currency was valued at around $4 per coin in early April and has topped out at over $90 in recent weeks. The overall trend looks good and the preferred play is to buy on weakness.



Do you think this info is quite old?

[merve10495]

OVERVIEW Ripple (XRP) is actually older than Bitcoin itself. The original implementation was created by Ryan Fugger in 2004, the intent being to create a monetary system that was decentralized and could effectively empower individuals and communities to create their own money. All money in Ripple is explicitly represented as debt, with transactions simply consisting of balances being shifted on a series of imaginary credit lines from the payer to the receiver. Ripple has signed up a number of leading banks such as Bank of America, RBC Royal Bank, Standard Chartered and UBS. It offers a blockchain-like rail for faster settlement of international payments, and has nothing to do with Bitcoin. Daily volume for the past 24 hours was $50,015,000.



There are soooo many talks about Ripple now..

[merve10495]

PRICE ACTION Ripple is the only cryptocurrency we have mentioned that has a sequence of lower highs. The pair is in consolidation mode and appears to be forming a triangle pattern on the chart. Major support at $0.144 is the level to watch. If this fails to hold then further downside could be seen. Alternatively, above $0.30 a move to the previous highs would be likely.

[merve10495]

Overview
Dash has been established in 2014 and has experienced strong growth in adoption and trading volumes. This altcoin has a unique incentivization mechanism for so- called masternodes or investors, who can vote on improvements, budgets for promotions, support the infrastructure and unlike miners can only use their asset for anything else other than improving the altcoin wellbeing.
Dash has being growing strongly its trading volume at a very steady pace. It is currently Rated #6 in terms of market capitalization.

[merve10495]

Price Action
Dash has experienced some stong growth since the beginning of 2017 but continues to be repelled at the $400 level very similarly to Ethereum. Its latest attempt has seen sellers hit the price aggressively as the price falls to below $300 in a relatively short space of time. A correction appears underway, and we witnessed stabilization and for buying interest to resume.

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OVERVIEW Monero (XMR) offers privacy that is not available when using Bitcoin, and it ensures that no one can tell where the funds
originally received from. No one can tell when they are spent or whether they have been spent at all. No one can see the amounts of the transactions of other users, or even that other users are using Monero at all. Everyone appears to be repeatedly transacting with almost everyone else almost all of the time. The funds you own will not be associated with your public address, like they would with Bitcoin. This means if you share with someone your public address, they are unable to see how many coins you have. Daily volume for the past 24 hours was $7,230,000.

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PRICE ACTION Monero exploded to the upside in August to a high of
$154.9 before some profit taking set in. The currency has retraced by almost 50% from the lows in July to the August highs and appears to be stabilizing as investors take advantage of the move lower.



 

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Price Action
Zcash has been unable to recapture the highs set in June 2017 of $435. The corrective move lower appears to have found a floor for now and willing buyers have been pushing the price higher. The short term trend is positive and dips continue to attract buyers.



Not that well-known at the moment

[merve10495]

Overview
Zcash(ZEC) is again an alternative of the bitcoin protocol since it maintains its own blockchain and currency token. Zcash builds on the existing work from the Bitcoin core team to enable privacy preserving transaction data using zero- knowledge proofs and as a result it is more private than Bitcoin. Daily volume for the past 24 hours was $8,840,000.