These are the most requested cryptocurrency bitcoin: DigitalCash (DASH) ripple (XRP) litecoin (LTC) Bitcoin (BTC), ethereum (ETH), monero (XMR)

in #bitcoin7 years ago

When investigating the price of a currency is important to see is how much is moving in the market.


If in a country we double the amount of money, we would not be increasing the amount of value, on the contrary the prices will be doubled in the same way to adjust to that change: this is the pernicious effect of the inflation.

Exactly one of the initial impulses of bitcoin was the creation "Let's call it" shelter of value out of reach of banks and its tendency to subsidize the economy by issuing new money, thus causing progressive wear.

This is remarkable because cryptocurrency using a mechanism called "proof of work" (POW) such a posture can not be given due to the maximum number of units (we will call it 'coins' for simplicity) which is somewhat limited by itself Algorithm: in the case of bitcoin, would be casually 23 million coins.

Otherwise cryptocurrency using the 'proof of stake' (POS) mechanism certainly does not have an upper limit of Currencies and there is the possibility of including inflation in the system, which in a high percentage would cause the currency to fall.

The consolidated cryptocurrency that have been named here use (POW), but the ethereum already said they would make a change to (POS) in the following months may cause additional pressure on their valuation; For our part (go carefully).

Personally, I would recommend to all of you not to participate in * ICO * as attractive as you may be able to see it unless you have prior knowledge and necessary to assess the potential of the project for which the currency is issued, as there is Many with little merit and even some who are evidently 'scam'.

The most recent projects that have caused interest are cryptocurrency, Golem (GNT), NEO (NEO), TenX (PAY), quantum (QTUM) and OmiseGO (OMG), the latter with great appreciations in the last two weeks .
However, when acquiring positions in quoted currencies it is also advisable not to get into too tight markets, where there is little negotiation movement, because they would be exposing themselves to the most extreme oscillations and a flash crash like the one that suffered ethereum of which we spoke above.
In this sense, if you want to be cautious do not invest in a criptomoneda whose volume per day is below 12 million dollars.

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