If you want to buy cryptocurrencies, you will need to buy or sell them through a Cryptocurrency Exchange. This works in a sort of similar way as that of the stock market, only here you do the transaction yourself instead of an agent doing it for you.
An Online Bitcoin Exchange or any other altcoin exchange is a medium through which you can primarily buy, sell or trade in cryptocurrencies either directly with fiat money or by first depositing your current cryptocurrency coins to the exchange against which you can trade coins of your choice.
There are more than 190 cryptocurrency exchanges in the market currently, for you to make a choice, you need to ensure that the exchange provides all the right services that are expected from a cryptocurrency exchange. The features of all cryptocurrency exchanges vary widely, here are a few aspects to consider before you choose a Cryptocurrency Exchange.
The cryptocurrency world has just got crazier. Dogecoin was created as a joke in 2013 by Billy Markus and Jackson Palmer. Today this currency is worth more than $60 million with over 113 million coins being mined and circulated currently. This is a peer to peer, decentralized currency letting you send money online wherever needed. Dogecoin is represented by a Shiba dog and has the Ticker symbol DOGE.
Though this cryptocurrency has been belittled in the past, it can withstand generic market crashes. Dogecoin’s price has also steadily being growing over time, even though the original owners have almost abandoned it.
Here are 3 reasons Dogecoin is special making it an attractive investment option
Bitcoin has had a tumultuous past. It has seen many ups and downs. Even though Bitcoin was the first cryptocurrency that was launched way back in 2008, there were many people who had predicted the rise of digital currencies way back in the 1980s.
With the passage of time and the increasing popularity of cryptocurrencies, the competition for crytocurrencies is increasing day by day, both for mining and for purchasing them outright on Cryptocurrency Exchanges. There are newer products and coins being launched on a regular basis, taking the opportunity of the crazy demand for fantastic returns in the cryptocurrency market. However, most of them do not make it to people’s consciousness as they do not perform the way it is expected to.
October was a somewhat disappointing month for cryptocurrencies. During this month, the entire crypto market lost about $18 billion of its already declining value, and that too in a course of a few days. Many cryptocurrencies lost a significant part of their value- Bitcoin was down 5%, Ethereum 12% and XRP 18%. However despite this gloom, there are green shoots in the market- more and more people are getting interested in investing in virtual currencies. There is no doubt that, in future, cryptocurrencies will play a greater role in everyday lives of people.
Let us now see how the cryptocurrency market is changing with these blogs that have been published during the month of October