Cryptocurrency. I am sure you have here of it. The market how are you can make 10000 % and lose it all the next day. It's been on a used there ever since the stock crashed back in march and it's definitely a unique market had a good amount of money you can be made in if you have the stomach for it.
I am sure you have hair of points such as bitcoin, ethereum, litecoin these are the main coins people referred to when talking about cryptocurrency mainly because they have a a large market cap and a lot of people on them.
So today's article I am going to be sharing my top 3 crypto to buy at the end of 2020 and in the year 2021. And now I have been involved with crypto ever since 2017. So I have seen that crazy and the crazy loss. I know everyone has their own opinions on cryptocurrency and their speculations. But that's not what we are going to be talking about in today's article. I am going to be sharing my top picks and why I am going to be investing in each of them. So make sure you guys read the whole article through so you get my full thoughts on each and every coin. Before we hope into the artical make sure you guys help out and support me.
At number one we are going to have bitcoin. It's the number of crypto that everyone knows and anytime a new person gets into the crypto market they usually buying bitcoin first. Mainly because that's the number one coin. And a a lot of people tell them to buy it. Also its fully flies meaning decentralized meaning no single person in thirty or government can own it.
Over this past year we have seen the volume bitcoin skyrocket.
Also so what makes it unique. And that is is that they can only 21 million bitcoins mine and currently we are at 18.5 million. So once we heat that 21 million threshold no more bitcoin can be mined end. That's where basic supply and demand comes in, if we have limited supply or no supply of anything the price will go up . Let's take the the speaker market for example. So let's say a hundred pairs of shoes are released and they each cost $100 and they sell out right away. Now if someone wants to buy the shoe they are going to you have to pay a premium weather, it is $200, $300 whatever they willing to pay. Because they know they won't be able to get the show anywhere else because it sold out. Now this is the same way with bitcoin. Once we reach that 200 million threshold no more bitcoin can be mined or bought. Only the people who have bitcoin can sell to other people from there. Now, we don't know how high the price will go based on those estimates. Bath people are saying it can go up to a $100 $200 $1000 or $2000. Because it is based on basic supply and demand also with the US dollar and a lot of other currencies losing more and more of it's value every day. People are looking for other places where they can put their money in in and know that the value on drop based on the government or other entities. And that's where people are putting their money into bitcoin. As of right now the main use cause for bitcoin is the transfer money holding for making payments. To make things easier for you guys I am going to choosing coins. You guys can purchase on coinbase which is the number one place where you can buy cryptocurrency. It's the simplest and the safest way to get started and that's why I have been using you were my sins got started in crypto. Also so if you guys are interested in investing crypto, if you purchase just $100 both you guys will get $10 free. And all you have to do is use my link down in the description box below. So go ahead and get yourself $10 free worth of bitcoin.
Coming in at number two we have ethereum. Now instead of sending money and holding which you guys can still do ethereum allows smart contracts to be built on top of it. I know this is going to get a little technical but stick with me I am going to try explain it to the best of my ability. But ethereum allows you to create any coin that you want on the ethereum network with different use cases search as a lending coin,platform, and exchange creating a game am you can do a lot of stuff on the ethereum network. the downside is sometimes when the network gets populated with a lot of people sending and receiving money the transaction fees can go up. Now I have been seen eat to go up to almost $100 just for sending $10. But that is very rare to happen. Netherlands it's a great stable coin that you can hold for a long term which also provides a lot of value as well. Ethereum currently trading at 475.37 dollar.
Over this past year we have seen the volume ethereum skyrocket.
Coming at number 3 we have uniswap. Now this is a unique coin and it's fairly new as well. What it is? It is the ethereum belt exchange which allows you to swap erc 20 tokens. Now what is erc 20 tokens ? It is basically just coins built on the ethereum network. So let's say you have a coin and you want to swap it for another coin all you have to do is use the uniswap exchange. You can deposit your coin and get the other coin that you want at the exchange rate that is currently available. The unique thing is that, it is a decentralized exchange. Once again meaning no single person on it. Now the cool thing about uniswap is, it is designed as a public good. Now you can make trade without platform fees or a middle man also and like most exchange which match buyers and sellers determine the price and execute trades. Uniswap uses a simple math tool and poles of tokens and ethereum to do the same job.
Over this past year we have seen the volume uniswap skyrocket.
Now it's your time to take your decision. Let me know your decision through comment.
How about a bitcoin on 2021 sir base on your knowledge or prediction is it still profitable?