The boom in Crypto, are you well informed?

Cryptocurrencies
are built using Blockchain technology, and are decentralized, making the users their own bank. Cryptocurrency are named are the Cryptography that is used to secure transactions, and also control the amount of addition currency units or tokens being created.
Bitcoin
was released in 2009, and since then thousands of Cryptocurrencies have been created, these are called Altcoins.
Many people see the Reserve banking system and fiat currencies they support, as corrupted and worthless. Bitcoin has a maximum of 21 million coins that will be produced in entirety, creating a scarcity. There can never be more produced after the 21 Million Bitcoins, this means that the value is increasing rapidly. Bitcoin is a currency that no one person or group can own or control, it is unhackable, secure and a means of transferring money internationally instantly.

Many of the Altcoins have features that make them useful, and some can be bought at very low prices ie. below 10c. These Altcoins have huge volatility and have become very popular for day traders. Many can rise or fall in value 20% - 100% over just a few days. Altcoins rated as outside the top 10 and still in the top 50 provide real opportunities for massive gains. Some of them may well replicate Bitcoin and rise in value from below $1 to thousands of Dollars in Value in the coming years.

Currencies that can double, triple and rise in value by hundreds of times, are available now and some can be bought for below 10c. If you look for one that has a purpose that you can understand and relate too, it maybe that that is the one that will rise and secure huge profits. If they rise to around $10 then i have 100x profit, but if they rise to hundreds of dollars, i could be living a Jetset lifestyle.

Trading in Crypto is not rocket science, and technical methods of analysis have proved useful to many traders. Of course your need a plan, and a method to increase your profits, and reduce your losses. All investments carry risk, and therefore you should never invest more than you can afford to lose, in these higher risk Currencies.

Be careful of traders who seek to sell you unbeatable systems of trading and those who encourage you to sell everything, and borrow as much as you can to invest. It is better to develop an education through small trades learning the market and your skills over a period of time. Look for Cryptocurrency trading groups on Social Media, and follow some of there trades with small investments. When you make some money, you can use those profits to invest in other Currencies.

Open a small account with a Cryptocurrency Exchange, and start off small, the important thing is to learn how to trade safely, and small amounts invested now could provide huge profits in the long term.

The number one Crypto Bitcoin is also worth investing in, even though it has risen from below $1 to now over $4000, it is likely to continue to grow in the coming years. I personally invest a little more into Bitcoin every month. Using the profits from Bitcoin, i have bought into other Cryptocurrencies, and am developing a portfolio to spread my risk, and increase the chance of higher returns.

Those of us on Steemit, are in a unique and wonderful situation to be earning Cryptocurrency for our Social Media Posts. I believe Steemit will grow in the coming years, and the value of Steem will grow with the platform.

This is not investment advice, it is for information and education, and all investments carry risk.