Just a recommended forum that might assist people or investors in making decision to purchase Cryptocurrency
Investors should look for additional information and studying well to reduce your risk.SPHERE 8 TEAM
Criteria of Selection:
Competitors in the market, project interestedness, Innovative concept, Target reach, Potential to grow.
Remind alert: This is just a recommendation from individual opinion. Investors should search for information before making a move.
- BitCoin: no doubt to invest in this currency. It went through thick and thin before being well-known and widespread over the world. Bitcoin is expected to be an asset that could retain its value during a tragic era as same as gold. Even though gold is very difficult to find, at the end you will end up finding at least one. In contrast, Bitcoin is a limited asset available 21 million coins worldwide which 2 billion people may not be capable of acquiring. Thus, there is a hypothesis that if there is a crisis Bitcoin price will skyrocket over the level people could pay.
- ETH Coin: It can be compared as making a contract in a digital form in fact it’s called Smart Contract that helps getting rid of problems you might face with your partner. This innovative system will eliminate that flaw of corrupting with the exchange between two parties after a contract had been agreed. To illustrate, investors give money to a company, and they will receive the token in return. It might seem like stock, but this is very new so there are no supported laws like stock trading, so investors have to bear with high risk. On the other hand, anyone who is able to access the internet can invest with unlimited amounts.
- USDT Coin: this innovation is the solution to fluctuated Cryptocurrency. For instance, at the early period of Bitcoin occurrence, their price fluctuated a lot i.e. price dropped 10 % within a day, so the best approach is to sell it out quickly. The problem starts here when we need to sell to get USD which needs to be transferred as Swift code. It will take couples day for the process to be done. Therefore, Stable coins have been created in substitute of USD. The rate is 1USDT to 1 US Dollar. Anyway, it does not feel safe for some people as they questioned if the company has USD spare to serve demand sufficiently.