If you’re looking at investing in cryptocurrencies, Bitcoin is a reasonable choice to start with – if for no other reason than it’s the cryptocurrency that’s been around the longest, with the most extensive track record in valuations and trades.
Cryptocurrencies had a rough ride in 2018, with most losing a large chunk of their value since the beginning of the year. Meanwhile, blockchain technologies continue to hold promise for many organisations, although most applications remain in the testing stage as 2018 draws to a close.
The world might be moving toward a blockchain-based economy. But the technology today is still at an early stage of development – think Model-T rather than Prius, to use an automotive analogy – so it’s too soon to really know what that economy might end up looking like.
Using Google to search “how to trade bitcoin” will return more than 150 million results in less than a second. For newcomers to the cryptocurrency community the amount of advice and choice can be overwhelming. However, the number-one concern for those looking to invest in cryptos is security.
Two key phrases dominated the recent BlockShow Asia 2018 conference in Singapore: “bear market” and “crypto winter”. But BlockShow CEO Addy Crezee and many of the other speakers agreed on something else: there is a long-term outlook for blockchain, and it’s a bullish one.
Nobody’s earning master’s degrees or PhDs in blockchain… yet. But the day might soon be coming, as a growing number of mainstream colleges and universities begin offering courses and programmes focused on distributed ledger technology.