• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Wednesday, June 7, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
Golden Bitcoins Coins and dollar bills

Kiev, Ukraine - September 22, 2017: Studio shot of Golden Bitcoins Coins and dollar bills. The Bitcoin was invented by Satoshi Nakamoto in 2008 as a digital form of money"nThis is a close up photo of several gold plated bitcoins together symbolizing the bit coin market, modern technology, finance, internet, trading, etc. "nBitcoin introduced in 2009 cross-national payment system in the form of virtual money, to be used in the cryptographic techniques (cryptocurrency).

Is It the Right Time to Invest in Crypto?

Bitcoin remains the prevailing currency in the world of cryptocurrencies.

by Annette DuBois, California Business Journal
A A
Share on FacebookShare on Twitter

Bitcoin has been dominating the cryptocurrency market for over a decade, and now the market has been welcoming other cryptocurrencies, such as Litecoin, NEO, and Ethereum.

However, Bitcoin remains the prevailing currency in the world of cryptocurrencies.

For those who don’t know much about this topic, a cryptocurrency is a form of digital currency without a central banking system. Crypto sits on a blockchain platform and anyone can “mine” Bitcoin in exchange for Bitcoin rewards. The process is decentralized because individuals verify transactions, which isn’t the case in banks. However, you don’t need to “mine” Bitcoin to own it — you can simply invest in cryptocurrencies via trading platforms.

But when is the right time to invest in cryptocurrencies? According to cryptocurrency news, the year 2020 has been unsteady regarding investments so far since the market has been fluctuating continuously. Bitcoin has seen the most significant fluctuations since 2017. To be specific, Bitcoin was worth $9,000 at one point, before falling to $4,000; currently, it is steady at $6,600. If you’re wondering should you invest now, keep scrolling down.

Unsteady 2020

Since the economy has been struggling globally in 2020, the US Federal Reserve has been attempting to recover the economy and reduce the damage by quantitative easing, which led to the most recent Bitcoin increase. Unfortunately, quantitative easing can devalue a currency, making it the reason why people have been investing in Bitcoin and other cryptocurrencies more.

Keep in mind that there is always a finite number of Bitcoin available on the market. Subsequently, that should lead to a more significant value since there’s a reduction in supply and an increase in demand. Ultimately, most experts believe that Bitcoin should not be susceptible to substantial fluctuations like this one that happened in 2020.

Similarly, such devaluing was seen in 2008 after the economic crisis when people’s investments and traditional shares took a huge hit.

ADVERTISEMENT

Should You Invest Now?

Even though Bitcoin and other cryptocurrencies have been unsteady in the first half of 2020, it might be a good time to invest. Many central banks around the world are using cash to help listing economies, which could lead to a wave of inflation if the growth increases.

In that case, Bitcoin will become highly sought-after because of its finite supply. Since Bitcoin has the upper limit in the maximum number of coins set, it seems to be the perfect fund for investors. Use the immediate edge tools to buy and sell up to 200 highly volatile cryptos.

What to Know Before Investing

As you could tell from the first part of the article, investing in cryptocurrencies is a risky business. Even though the stories of people making millions overnight with cryptos sound enticing, keep in mind that significant losses are frequent. The crypto market is volatile, which could lead to both huge losses and huge wins. As for now, investing in cryptocurrencies is safe since the market price of Bitcoin is quite high, but we cannot guarantee it will be the same in the future.

If you’re in the USA, you should be aware that the IRS (Internal Revenue Service) considers cryptocurrencies as property, meaning that property investing also applies to cryptocurrencies. If you decide to invest in crypto, you should keep extensive records of your transactions since the IRS enforces costly penalties. Hopefully, if the current Virtual Currency Tax Fairness Act is enacted, people will experience some positive changes regarding Bitcoin purchases.

If you’re interested in investing, stop thinking about whether the price is too high and don’t look for reasons to postpone your investment. Just make sure that you don’t spend more than you can afford to lose, and do not invest everything at once. Follow your plan and be okay with making mistakes.

Top 3 Cryptocurrencies

As you can guess, Bitcoin deserves to be at the top of our list because it was the first cryptocurrency on the market. Currently, it holds 65% of the global cryptocurrency market capitalization. Even though BTC has been fluctuating recently, it has found a way to increase its shortage.

The second-largest cryptocurrency by market capitalization is Ethereum. Ethereum is an open-source platform that allows developers to program their decentralized applications within the network. The Ethereum 2.0 launch is set for July 2020, which could lead to an increased price of ETH.

Lastly, Stellar has been present on the market for over five years, and it stands for an open-source, decentralized protocol that allows cheap transactions among international currencies. Stellar supports micropayments, which makes it one of the most profitable cryptocurrencies to invest in at this time.

Related Posts

Bitcoin-vs-Binance
Best BNB to BTC Converter in 2022
download
Bitcoin ATMs On The Rise
bitcoin-gambling-laptop
Bitcoin Casino 2021: Advantages of Crypto Entertainment
Hollywood-and-bitcoin
Bitcoin Usage In The Movie Industry
blockchain2
Blockchain.com Value Reaches $5.2 Billion
Bitcoin
Choosing the Right Cryptocurrency
Crypto-Engine
Crypto Trading: How to Make Money on Bitcoin
Ethereum
Cryptocurrency Corner: So What Exactly Is Ethereum?
Bitcoin and government
Five Reasons Why The Government Does Not Like Bitcoin
cryptocurrency
How Does Crypto Trading Work and Where to Trade It Securely?
Crypto Ecosystem Affects Business Environment3
How The Crypto Ecosystem Affects the Business Environment
Crypto-Security
How To Keep The Security Of Your Crypto Investment
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
Bitcoin
Nothing can stop the growth of Bitcoin Depot® in California. Not a pandemic. Or the volatile swings in cryptocurrency.  
Fabriik
Should You Consider Investing in Cryptocurrency?
Bitcoin_15
THE CHANGES AFFECTING BITCOIN'S GROWTH
bitcoin depot atm crop
The New Bitcoin ATM King of Los Angeles
Ken Yu, CEO, RAKwireless
The Power of RAK + Helium Together: Empowering a community of crypto and IoT enthusiasts
bitcoin of america
The power of Bitcoin of America intensifies
gold
Ways to invest in gold ... without having to store it
bitcoin2
What the average person needs to know about Bitcoin
currency-3341500_1280
Why Are Bitcoin ATMs Expanding So Rapidly?
Tags: banksBitcoinblockchaincasecryptocryptocurrenciescryptocurrencyeconomyEthereumEthereum 2.0Federal ReservegrowthinvestingInvesting in CryptoinvestmentinvestmentsinvestorsIs It the Right Time to Invest in Crypto?makingstoriestaxtradingvalue
ADVERTISEMENT
Annette DuBois, California Business Journal

Annette DuBois, California Business Journal

Related Posts

Bitcoin-vs-Binance
Best BNB to BTC Converter in 2022
Ethereum
Cryptocurrency Corner: So What Exactly Is Ethereum?
Crypto-Security
How To Keep The Security Of Your Crypto Investment
Ken Yu, CEO, RAKwireless
The Power of RAK + Helium Together: Empowering a community of crypto and IoT enthusiasts
Bitcoin
Choosing the Right Cryptocurrency
Crypto-Engine
Crypto Trading: How to Make Money on Bitcoin
cryptocurrency
How Does Crypto Trading Work and Where to Trade It Securely?
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
bitcoin-gambling-laptop
Bitcoin Casino 2021: Advantages of Crypto Entertainment
Fabriik
Should You Consider Investing in Cryptocurrency?
Hollywood-and-bitcoin
Bitcoin Usage In The Movie Industry
gold
Ways to invest in gold ... without having to store it
Crypto Ecosystem Affects Business Environment3
How The Crypto Ecosystem Affects the Business Environment
blockchain2
Blockchain.com Value Reaches $5.2 Billion
bitcoin of america
The power of Bitcoin of America intensifies
bitcoin2
What the average person needs to know about Bitcoin
Bitcoin
Nothing can stop the growth of Bitcoin Depot® in California. Not a pandemic. Or the volatile swings in cryptocurrency.  
currency-3341500_1280
Why Are Bitcoin ATMs Expanding So Rapidly?
Bitcoin and government
Five Reasons Why The Government Does Not Like Bitcoin
download
Bitcoin ATMs On The Rise
bitcoin depot atm crop
The New Bitcoin ATM King of Los Angeles
Bitcoin_15
THE CHANGES AFFECTING BITCOIN'S GROWTH
ADVERTISEMENT

CBJ Newsletter

Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

Contact Rick@CalBizJournal.com

CBJ Rates and Demographics

ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram Youtube
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • More Truth About Temu: Is Temu A Chinese Company?

    The Truth About Temu: Where Is It From?

    0 shares
    Share 0 Tweet 0
  • Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • 30 Best Temu Alternative Apps To Buy from Online

    2 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0

Latest Articles

Photo by cottonbro studio from Pexels

The Rise of Virtual Workspaces: Transforming B2B Operations

A Comprehensive Guide to BetOnline’s Payment Methods

4 Ways To Boost ENT Immunity

The Difference between Data Engineer and ETL Developer

Banking 101

Why This California Researcher is Using Financial Algorithms to Predict Extreme Weather Events

Courtesy: Pexels

The Evolution of Gambling: Exploring the Future of Crypto Betting and Technological Advancements

How to Get 1,000 YouTube Subscribers (for Free!)

Why Music Sounds Better Under the Influence of Cannabis?

How Affiliate Marketing Truly Works

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR