2018 ended in a surprising turn of events for popular cryptocurrencies like Bitcoin and Ethereum. Both denominations fell down in value with BTC nearing the $3,000 mark and ETH lingering around $140. While ICOs have yet to experience another peak season, insiders are optimistic that cryptocurrency is still a great investment in 2019 especially with the increased interest of institutions towards up and coming cryptocurrencies. Here are some new and not-so-new players to be reckoned with. Stellar Lumens (XLM) A Stellar Lumen or XLM is the in-house digital.
Bitcoin is a cryptocurrency, a type of electronic cash that was formed in 2008. In 2009, Satoshi Nakamoto wrote a paper title Bitcoin: A peer-to-Peer Electronic Cash System. In 2009, Nakamoto mined the first Bitcoin blockchain, the genesis block. Thus, started the wild ride that is Bitcoin. The volatility of Bitcoin is well-known to investors. Despite its volatility, more and more people have been using and investing in Bitcoin. And a few opportunistic scammers have taken advantage of this. Scammers love Bitcoin because it is largely unregulated. Not.
Bitcoin has taken the world by storm, and since its introduction in 2008, it has inevitably faced several controversies. Scammers found a gold mine in the digital currency for many reasons. One of them is the fact that only a few people understand it, which makes it easier to make them believe false promises. Another reason is anonymity – cryptocurrency gives scammers relative ease to cover their tracks. Lastly, a major reason is that it is largely unregulated. Bitcoin chiefly operates outside of the conventions of a financial.