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Digital Assets
The 21st century has brought forth many changes to civilization. Several human operations have been redefined by technological advancements. This advent has helped several individuals, improved business outfits, redefined market structure, etc. So, looking at the title, the first question that comes to mind is, what are digital assets? Simply put, digital assets are valuable commodities that exist in binary format as data with also the right to use. These can come in various forms such as documents, multimedia files, emails, online marketplaces, cryptocurrencies, etc. These assets are kept on storage devices such as hard disks, computers, cloud, online wallets, etc. It is important to recognize that asset is a legally recognized term, thus, any valuable commodity that doesn’t come with a right to use isn’t considered a digital asset. Also, when is an asset said to have a locked in financial value? An asset is said to have a locked financial value when its owners are restricted from selling their assets. This condition is many at times a government-related factor, which can come in form of regulations, taxes, etc. Over time, many commodities are being classified as digital assets. In 2015, Bitcoin was classified as a digital asset by Forbes. Bitcoin is an online currency (i.e. cryptocurrency) that exists on an encrypted platform called the blockchain, which exists as a public ledger that records all transactions.
By Oladokun Opeyemi8 years ago in The Chain
Signs Bitcoin Will Stay Around for Decades
As the most volatile and historical of all the cryptocurrencies, there is much debate around the longevity of Bitcoin and crypto in general. While the digital payment system established the blockchain technology we know and love today, it's difficult to say how it will last in the long term.
By Dr. Ethan Levi8 years ago in The Chain
The Many Uses for ICO Tokens
Similar to an IPO, an initial coin offering (ICO) is one of the most common ways to start a cryptocurrency project. In it, people like you or I will invest in a blockchain startup we believe in. Once the ICO finishes, investors will get their money's worth in the projects coin.
By Brayden Simmons8 years ago in The Chain
10 Things That Need to Happen for Bitcoin to Skyrocket
The December 2017 Bitcoin crash was one that devastated people who were into cryptocurrency. Many people, after seeing thousands of dollars disappear in an instant, chased in the remaining money they had invested in Bitcoin and gave up. No one could blame them.
By Iggy Paulsen8 years ago in The Chain
How to Minimize Risk in Your Crypto Portfolio
Never putting all of your eggs in a single basket is good sense in many different parts of modern life, particularly in investing. This is why diversification is a common approach to any sort of investing. To minimize risk in your crypto profile means diversifying, but that is not as simple as it sounds. Though risk management in other areas of finance are relatively straightforward, experts rightly point out, "Technically, diversifying away risk in a crypto-only portfolio could be difficult." It's one of the things no one tells you about investing in crypto.
By James Lizowski8 years ago in The Chain
Can You Get an Insured Bitcoin Wallet?
If you listen to classic investors like Warren Buffett, Bitcoin is one of the most dangerous investments you can make. (Actually, he called it "rat poison.") Dangerous as it is, many people have become Bitcoin billionaires or at least turned a profit off of it.
By Ossiana Tepfenhart8 years ago in The Chain
How to Know If You’re Investing in a Bad ICO
Do you have any investments in ICOs or cryptocurrencies? If not, that's not so surprising simply because it can be difficult to know a good ICO from a bad ICO. There are a lot of reasons why most ICOs fail, too. Yet, there are some signs to use to alert you to a poor investment choice. Let's take a few moments to consider just how to go about figuring out if you are at risk for investing in a bad ICO.
By Nick Paroni8 years ago in The Chain
Risks of Investing in an ICO
Investing in an ICO, or an initial coin offering, can provide both huge financial benefits and huge risks. Many people are intrigued by the growing digital currency industry that includes blockchain technology, because the potential is there to raise money very quickly. However, long term, the outcome can be grim, and many people end up losing the money they initially invested. There are many reasons why most ICOs fail. When investing in an ICO, people must exercise due diligence and make sure they know the risk they are taking. Here are some of the most common risks when investing in an ICO.
By Morgan E. Westling8 years ago in The Chain
