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The cryptocurrency market seems to be taking a breather for now which is the perfect time for investors to cash in. There are some great investment options available before the market continues its upward trend and this article is to highlight those options.
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Sitting on Cash in the current cryptocurrency trend? Read this for making smarter investments.
The cryptocurrency market seems to be taking a breather for now which is the perfect time for investors to cash in. There are some great investment options available before the market continues its upward trend and this article is to highlight those options. Litecoin and Bitcoin Cash have both been around in the cryptocurrency market since a while now and have failed to give as many returns as Bitcoin and Ethereum which is why several investors feel they are extremely undervalued. This article will help you get started with understanding some fundamentals behind Litecoin and Bitcoin Cash and highlighting why are they good buys. Let’s start with Litecoin and also look at how to buy Litecoin in Canada.
Litecoin: Litecoin is one of the oldest cryptocurrencies in the market today. Launched back in 2011 as an alternative to solve some of the flaws of Bitcoin, Litecoin since inception has managed to generate stellar returns of roughly 3,600% which is an amazing return on any investment. Litecoin was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology. The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.
Since its launch in 2011, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence. Bitcoin Cash: Bitcoin Cash was solely introduced to solve the problem of making transactions on Bitcoin. Bitcoin roughly takes 10 minutes to perform a transaction whereas it takes not more than a few seconds to do the same using Bitcoin Cash which makes it more accessible and usable by the general people.Bitcoin Cash combines gold-like scarcity with the spendable nature of cash. With a limited total supply of 21 million coins, Bitcoin Cash is provably scarce and, like physical cash, can be easily spent.
Transactions are fast with transaction fees typically less than a tenth of a cent. Anybody can accept Bitcoin Cash payments with a smartphone or computer. Bitcoin Cash has various use cases. In addition to peer-to-peer payments between individuals, Bitcoin Cash can be used to pay participating merchants for goods and services in-store and online. Very low fees enable new micro-transaction economies, such as tipping content creators and rewarding app users a few cents. Bitcoin Cash also reduces the fees and settlement times for remittances and cross-border trade. Other use cases include tokens, simplified smart contracts, and private payments with tools.
What Next? If you are wondering how to buy Litecoin or how to buy Bitcoin Cash in Canada then all you need to do is visit the Netcoins website, create an account, deposit money into your wallet and get started with your first trade.SOURCE CREDIT: https://netcoins.tumblr.com/post/662274527277006848/sitting-on-cash-in-the-current-cryptocurrency
