I know that for the most part, this site has been focusing on financial education and talking about traditional forms of making money (stock market, real estate investments etc.) If you are an individual that tends to spend a lot of time on the Internet, you will probably have read about the incredible rise in the Bitcoin prices and other cryptocurrencies as well.
Some may question the legitimacy of cryptocurrencies (especially considering there are over 1,500 of them listed on exchanges) and although it is partially true, there is also a lot of gold in these startups. For one, Bitcoin was responsible to carve the way and allow for the rise of cryptocurrencies: it’s the most popular crypto coin out there, and any changes to its price, will influence the price of the other cryptos. Ethereum is of course another important coin since it helps with smart contracts and is the basis for a lot of the other coins.
Continue reading Cryptocurrencies…what’s the fuzz?