4 factors that will help you find crypt money
Although the crypto currency market exploded towards the end of 2017 and despite a disturbing recession in 2018, we were well above the total market value in a large majority of 2017, with a total market value of over $ 400 billion. With all these new investors and new capital investment in the market, there is a strong increase in competition. In places where you could invest in almost 100 best crypto currencies in a time blind, we saw that this property has become an unsustainable strategy for years to come. Information is spreading faster and faster, but reliable, quality information is becoming less and less. So what are the factors that will help you find the crypt money that will enrich you?
Factors that will help you find crypt money in your investments
However, you may still want to find a crypto currency that performs better than all of them. This article will help you in identifying the four key factors contributing to the probability of earning a crypto currency in the process of finding one or more winning investments. These factors will help the most important aspect of investing in the crypto money. But do not forget that you should always do your own research on the assets you will invest in.
1. Intrinsic value
The best place to start is to test and evaluate the valid internal value of a given cryptographic currency. Because of the current state of technology, this is more of an art than a science. However, when executed in detail, the risk of investing in a particular cryptographic currency will give a clear picture. The internal values of cryptographic money can be understood from the services they provide today.
The higher the intrinsic value of a crypto currency, the less risk there is in the investment. However, this should come with a disclaimer, as the market is still quite speculative. In addition, the true inner value of almost every cryptic currency has not yet been determined.
2. Is the crypto money actually used?
Do people need this crypto money? If the answer to this question is yes, most of this crypto currency has a much stronger foundation than crypto money. Bitcoin's network is expanding rapidly and members are using Bitcoin to pay for each other. While Bitcoin has fallen as a payment method due to the volatility of a few companies, the payments in the Blockchain industry are still made using Bitcoin. For example, Blockchain company salaries, crypto money advertising sector, and services related to Blockchain. Crypto paralel such as Steem, Edgeless and Lunyr is needed for proper use of the platforms.
These are examples of cryptographic currencies that are required to access a particular product or service. However, most of the crypto money is not needed yet (at least on the date this text is written). Because the application or platform is not yet operational. Nonetheless, the Blockchain industry is rapidly developing and will be in demand in the near future for many cryptographic currencies that are not needed. Nevertheless, in order to reduce the risk of investing in the crypto money, crypto money which has practical use in our lives becomes a safer investment instrument. A website like Block'tivity measures the number of transactions in each Blockchain and provides statistics on which Blockchains are being used.
3. Partnerships
If you find a crypto currency that you believe, it's great. But the confirmation that a multinational corporation shares your beliefs and is willing to stand behind this crypto currency must be exactly what you want. These big companies examine the company's Blockchain and crypto money in detail before entering into a partnership. Once a partnership has been established between the company and the platform, you can expect serious research and development on crypt money.
Moreover, large partnerships serve as a bridge to cryptographic currencies in the real world. While most people can not understand the block move, it is difficult for the crypto currencies and the Blockchains to integrate into the economy without breaking the ice of the governing bodies. Once you have looked at a crypto that combines strength with a company, make sure you understand what is in the partnership. Asking questions asked by the company, allocating capital and / or resources to the company? Is there a contract to be presented? Is the company actively involved in the crypto currency, or is it only observed from the edge?
4. Scalability (cheap + fast)
Even though the true technology behind a project of new investors fairly did not show much interest, it was not noticed that Bitcoin was experiencing scalability problems. The same is true in Ethereum, where small application Cryptokitties cause too much network bottleneck.
Does this mean that Blockchain technology is not yet ready for mass adoption? Not necessarily. Only the most known blocks show deficiencies. However, newer and more sophisticated Blockchain projects have had time to address common problems and have been able to develop solutions.
The existing applications of Blockchain technology are still quite adopted. It is used for people with high speed connections, lack of loading times and perfect functions. Blockages that can provide scalability are likely to be used more in the future. Remember that built-in but slow blockages can not be upgraded to the point where newcomers can be seen, but scalability is certainly a factor to consider.
Coins mentioned in post: