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Everything you need to know before you buy cryptocurrencies


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You’ve been following cryptocurrencies for a while and seen Bitcoin rise in value from cents to its highest point of almost twenty thousand dollars. You have been thinking about joining the crypto rush but your knowledge is very limited. You want to invest an amount of $500 and are probably wondering which cryptocurrencies to invest in.

However, before you buy, you should do your research in order to find out everything there is to know about cryptocurrencies. To help you, we have compiled our own research.

 

Read on to find out more : Everything you need to know before you buy cryptocurrencies

 

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Futures are derivatives contracts that investors typically use to speculate on prices or hedge risk against turns in the market. Other major markets like stocks, bonds, commodities and currencies all have derivatives based on them. CME’s futures option would allow investors to hedge that Bitcoin’s price will rise, something that is difficult at present.


more details Bitcoin takes a big stride away from fringes of finance

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Samsung have announced that their foundry business makes chips designed for cryptocurrency mining. The move was reported by Korean newspaper The Bell who revealed the chips will be application-specific integrated circuit (Asic). It marks the first official move by Samsung into cryptocurrencies.

get details Samsung joins cryptocurrency bandwagon

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The meteoric rise in popularity has given birth to a lot of copycats and the market is now flooded with numerous cryptocurrencies. Ethrium and ripple are the best currencies to invest in after bitcoin. Ripple is named as the best cryptocurrency of the year 2017 recently.

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