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Crypto Bible — bitcoin wallet

Should I buy Bitcoin now?

Posted by Taras Lanchev on

"The best time to buy Bitcoin was in 2011, the second best time is now!" To buy or not to buy? I see this question everywhere on the internet because everyone who knows even the slightest bit crypto is always regretting not buying 1 day/1 week/1 month/1 year ago and so on. 1. Trying to predict what the market will do is the worst strategy out there. It seems easy: "Buy low, sell high". But that's exactly when tons of people lose money. 2. You are asking complete strangers on the internet where to invest your money! Go out on the street...

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How many cryptocurrencies are there?

Posted by Taras Lanchev on

According to the most popular website about cryptocurrencies - the number of available currencies is well above 1000! If you are thinking that's too much to learn, don't worry, not many experts know what comes after the first 100, so you'll be fine learning about the first 10-20. You can check the list of all cryptos, their price and the market capitalisation using this link: https://coinmarketcap.com/all/views/all/

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What is market capitalisation?

Posted by Taras Lanchev on

You also shouldn't worry about words like "market capitalisation" (or market cap for short). This term simply means taking the price of the coin and multiplying it by the number of coins available. 

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