Established in the year 2016, we are an emerging chartered accountancy firm based in Bengaluru rendering comprehensive professional services which include audit, management consultancy, tax consultancy, accounting services and secretarial services.

Quote of the Day: "Greatness comes by doing a few small and smart things each and every day... it comes from taking little steps, consistently"

Tuesday, 28 November 2017

Why Investors are crazy about Cryptocurrencies?

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. Cryptocurrencies are called ‘dark internet’ or ‘another internet world’ for the complexity attached to it. The first cryptocurrency to capture the public imagination was bitcoin, which was launched in 2009 by an individual or a group under the pseudonym Satoshi Nakamoto. Since then, numerous cryptocurrencies have been created.

Why its gaining popularity?
No matter which cryptocurrency one would have invested last year, the returns would have been astronomical.
If one is serious about trading or investing in cryptocurrencies, the way to go about can be having a diversified portfolio of cryptos with higher weightages for bitcoin and ethereum and minimal weightages for other emerging crypto currencies. To choose which crypto currency to invest in, one has to study the underlying blockchain technology and see if it is superior to others, and also check if some of the recognised companies and institutions are accepting the cryptocurrencies. Wider the acceptance, lower the risk in investing in a cryptocurrency.
Source: DSIJ, Wiki, Investopedia

17 comments:

  1. Thanks for sharing this informative and interesting article with us.
    Follow the link for Join the first SEC-compliant #ZENcoin cryptocurrency crowdsale that features pricing usually only reserved for the rich or insiders, discounted pricing up to 50%

    ReplyDelete
  2. Thanks for this blog, Have a look on Cryptocurrency Exchange where you can find each and every information about the trading technique.

    ReplyDelete
  3. You have shared a nice article about Cryptocurrencies. Today's it is the most useful form of digital currency. If you want to know more about Newton Coin mining Pool, Visit superpools.online

    ReplyDelete
  4. Thanks for sharing this great information here. I liked your way to express your views on these type of topics. If you are interested to Buy Digital Currency Online, Xprocrypto is the best place.

    ReplyDelete
  5. You have written so nicely about Cryptocurrencies. Really I agree with you, Most of the people are crazy about the Cryptocurrencies because it is the most booming platform in the world to earn huge profit. If anyone looking for the best Crypto Consulting Firm In Korea, visit Blockrok.com

    ReplyDelete
  6. Thanks for sharing nice article about value of cryptocurrency. But to get more details about bitcoin visit here live bitcoin news

    ReplyDelete
  7. You have shared a nice article about cryptocurrencies. Your post is very interesting and useful. I liked it. If anyone looking to Crypto Mining Platform can visit at cryptonoras.com

    ReplyDelete
  8. You can also put a chatbox on your blog for more interactivity among readers . bitmain Antminer S17 56th

    ReplyDelete
  9. Thanks for sharing such a nice blog that explains the overall importance of the forex signals. You can opt for professional forex signals app for a wide range of investments.

    ReplyDelete
  10. Well done! I thank you your contribution to this matter. It has been useful. my blog: how to get taller Juan Alvarez

    ReplyDelete
  11. I read this article, it is really informative one. Your way of writing and making things clear is very impressive. Thanking you for such an informative article. how to obtain bitcoin Online

    ReplyDelete
  12. I was very pleased to find this website. I wanted to thank you for your time for this wonderful post!! I definitely enjoy reading it and I have you bookmarked to check out new stuff you blog post. Longterm Investment

    ReplyDelete
  13. A powerful share, I simply given this onto a colleague who was doing just a little evaluation on this. And he the truth is purchased me breakfast as a result of I found it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love studying extra on this topic. If doable, as you turn out to be experience, would you thoughts updating your weblog with more details? It is highly helpful for me. Big thumb up for this weblog submit! https://royalcbd.com/product/cbd-roll-on-gel/

    ReplyDelete
  14. Thank you for the excellent article on crypto currency. The information is quite useful and appreciated. I've followed the blog for new upgrades. Buy Antminer K5

    ReplyDelete
  15. An fascinating discussion is value comment. I believe that it is best to write extra on this matter, it may not be a taboo topic but generally persons are not enough to speak on such topics. To the next. Cheers Bitcoin Compass Review

    ReplyDelete