Tips for choosing a cryptocurrency: Here are six important factors
bitcoin Crypto Internet newsCryptocurrency is a popular digital currency these days. Apart from being a medium of exchange, cryptocurrencies are also widely used as investment assets because their prices are increasing due to high market demand.
Currently, there are more than 6 thousand cryptocurrencies available in the market. The many choices of course make us confused, which is the best cryptocurrency? How to choose the right cryptocurrency to invest in? To understand more deeply, let's look at some tips for choosing cryptocurrencies in the following article
Factors to consider when choosing a cryptocurrency
Here are tips for choosing the right cryptocurrency by paying attention to several fundamental factors such as the origin of cryptocurrencies, how it works, market capitalization, price history, to netizen conversations.
1. Origin of crypto currency
When you want to research cryptocurrencies, you need to first find out where they came from. The reason is, each type of currency has its own history.
Bitcoin, for example, is a pioneer cryptocurrency that was published in 2009 by someone under the pseudonym Satoshi Nakamoto. A few days before launching Bitcoin, Satoshi Nakamoto published a paper describing a peer-to-peer financial system. The aim is to provide a financial scheme that is transparent and without involving bank or government authorities.
Some time later, Satoshi Nakamoto stopped being involved with Bitcoin development. He handed over the management of the currency to Gavin Andresen, who eventually became Lead Developer at the Bitcoin Foundation.
Meanwhile, the Ether coin came a few years after the issuance of the first Bitcoin. Vitalik Buterin and his colleagues launched Ether in 2013 because they wanted to create a cryptocurrency that not only acts as a medium of exchange, but can also represent real assets such as stocks or property.
In the following years, various variants of other cryptocurrencies emerged as alternatives to Bitcoin. Cardano published in 2017 seeks to solve environmental issues that have become critical of Bitcoin.
By knowing the origins of cryptocurrencies, you can understand more about the purpose for which the coin was created and the extent of its potential in the future.
2. How the cryptocurrency system works
It is important to know how cryptocurrencies work. The reason is, this technology will determine its usefulness and growth potential in the future.
Bitcoin uses blockchain technology with the Proof of Work (PoW) method. This means that everyone can compete to mine Bitcoin by solving complex algorithms. Whoever manages to solve the algorithm, then he will get a reward in the form of coins. However, to mine you need a large amount of electricity and a computer with high specs. Therefore, Bitcoin can be said to be energy-intensive and not environmentally friendly.
Unlike the Proof of Stake (PoS) method applied by Cardano and Solana coins. PoS allows you to mine Bitcoin by storing coins that you have had on the network for some time. As a commission from this, you can get a wage.
This technological system could affect the popularity of cryptocurrencies in the future. If we compare the two working methods above, it is likely that the PoS method will be more popular in the future because of these environmental issues.
3. Market capitalization
Market cap is all crypto assets circulating in the market. By knowing the market capitalization of a cryptocurrency, you can understand how much public interest is in the currency. In addition, this indicator can also be used to measure growth over time. To date, Bitcoin, Ethereum, and Binance Coin are the three coins with the largest market cap.
4. Currency price history
Although the price of cryptocurrencies is very volatile, their movements will form a trend when viewed in the long term. Therefore, historical currency price information is important for those of you who want to make a profit from investing in cryptocurrencies. To analyze currency history, you can use technical analysis with trend line indicators, resistance and support levels, to moving averages.
5. Community chat on the internet
Cryptocurrency prices are heavily influenced by market sentiment. One way to predict market sentiment is to observe community conversations on the internet about cryptocurrencies. That way, you will know people's perceptions about the currency. You can also monitor the social media posts of influential people. For example, Elon Musk whose Twitter tweets often have a big influence on cryptocurrency prices.
6. News about cryptocurrency
News about cryptocurrencies in the media can also affect investor sentiment towards cryptocurrencies. An example is news about the latest government regulations and other important events.
That's an explanation of tips for choosing cryptocurrencies and the factors that must be considered. Doing research before entering into a new investment instrument is the right thing to do. As an investor, of course, you must know what "goods" you will buy later. Hopefully the information above is useful, yes!
Elon Musk's List of Crypto Assets in 2021
bitcoin dogecoin newsElon Musk is an influential figure who invests large sums in several crypto assets, namely Bitcoin, Ether, and Dogecoin. The founder of the Tesla company is indeed known as a supporter of the idea of a crypto currency.
Bitcoin (BTC)
Ether (ETH)
Dogecoin (DOGE)
Predicting crypto market sentiment from Elon Musks statement
Cardano (ADA) is The Hottest Crypto Asset Ahead of The Smart Contract Event
ADA cardao Crypto news smart contractThe Cardano crypto asset (ADA) is recording a surprisingly significant growth. In terms of prices, in the period 20 July - 20 August 2021, ADA has shot up 146.08%. Much higher than Bitcoin (BTC), Ethereum (EHT), and Binance Coin.
Tokocrypto CEO Teguh K Harmanda also did not deny that Cardano is a coin that investors need to pay attention to for the next few months. According to him, Cardano will receive positive sentiment from the planned launch of the smart contract feature in September.
How to Lock 4G / 5G Force LTE Only On Vivo Smartphone Mediatek and Qualcomm
Tips and TrickHow to lock 4G LTE Only signal in Vivo smartphone is the goal to get the power of a stable 4G internet network. Another goal is to avoid changing to other signals. That sometimes changes to 3G and H+ signals suddenly.Lock 4G vivo y series y91c, vivo y15, y95, v7, v9, v5s, y71, v3, y51 are mediatek phone base
- Sim card or SIM card used already support 4G.
- If you haven't already, please go to the relevant SIM card operator's booth at your place.
- This setting is done on a stable 4G network area.
- The SIM card that you want to use for the internet has been registered. If, no, please follow the sim card registration method first.
- The SIM card has internet quota.
How to Lock 4G Signal on Vivo Smartphone with The Help of Third Party Applications
- Force LTE Only 2020 (No Root) for Instruction you need to go Instruction Force LTE Only 2020.
- MTK Engineer App for Mediatek Phone like y series y91c, vivo y15, y95, v7, v9, v5s, y71, v3, y51.
- You need to activate Developer Option :
- Enter Settings,More settingsAbout phone(Version).
- Click seven times at Software version.
- Developer options will appear in Settings,More settings.
- Activate OEM unlocking from Developer Option Setting
- Run MTK Engineer App and Tap MTK Engineer Menu
- Tap Network Selection at telephony tab.and then tap SIM option and then Tap LTE Only.
Find My Android and iOs, Here's How The Easiest way
Tips and TrickFinding my device is now easier than ever as a number of tech companies have developed services to search for lost devices. Here's how to find my device for Android and iOS.
How to Find My Device for Android
- The Device On.
- Have a Find My Device service that is already active
- Already connected to a Google account
- Phone location feature is active
- Connect to the internet via Wi-Fi or cellular data
- Visible on Google Play
If you've confirmed all six of the above, you can search for your lost device with these steps.
- Visit the android.com/find link or download the Google Find My Device app on the Play Store and sign in to your Google Account.
- Once you select a lost phone, it'll get a notification.
- On the map, you'll get information about your phone's location. However, note that the location indicated is approximate. If your phone isn't found, the information that appears is the last known location (if available).
- Then, select the action that you want to perform. You can do four things: turn on lock and erase, play a sound, secure your device, and erase your device.
How to Find My Device for iOs
- Go to iCloud.com/find or download the Find My app.
- After you sign in to iCloud.com or the Find My app, click Find My iPhone.
- Select a device to see its location on a map. If your device is nearby, ring it to help you find it.
- Next step, mark your device as a lost device. This remotely locks your device with a passcode. On your lost device will also appear a special message containing your phone number. In addition, this step is also useful to keep track of your device's location.