W.G. Hill Books, Underground Knowledge, Offshore Banking and Investing
Page: 5 Cryptocurrency Business Ideas - Top 10 Cryptocurrencies

The top cryptocurrencies are way below their all-time high
– is it a business opportunity?

Consider these 5 cryptocurrency business ideas

Bitcoin was the first cryptocurrency created in 2009 by Satoshi Nakamoto. Since then, a host of developers have sought to create other similar currencies or slightly different ones using blockchain technology. At the moment the major ones are Bitcoin, Ethereum, and Ripple, others are Bitcoin Cash and Litecoin, both of which branched (forked) off Bitcoin.

After ending 2017 on a high, the 2018 market is still trying to recover from a drop in prices that sees many coins trading well below their all-time high. For instance, in 2010, one bitcoin cost $0.06, and at the end of 2017, the same bitcoin fluctuated in value to over $19,000. Nevertheless, it now trades below $10,000. The same can be said of Ethereum and so on.

Cryptocurrencies are at the moment so far away from their all-time high price. That’s why we ask whether it’s an opportunity to buy low and sell high. Let’s examine this further.

Bitcoin is the original cryptocurrency that started all the rage with cryptocurrencies in the ensuing years,
culminating in 2017 with a record market cap of over $800 billions.  (Image by Pixabay)

Top 10 cryptocurrencies all-time high prices

At present, there are at least a thousand plus cryptos available in the marketplace. On the market site CoinmarketCap.com we have more than 1500 cryptocurrencies listed. Cryptocurrency hit an overall market cap of $845 billion at one point, with the value having gone up by leaps and bounds as prices soared.

As at January 2018, an all-time high price list for the top 10 cryptocurrencies stood as follows:-

  1. Bitcoin (BTC): $20089.00
  2. Ethereum (ETH): $1432.88
  3. Ripple (XRP): $3.84
  4. Bitcoin Cash (BCH): $4355.62
  5. Litecoin (LTC): $375.29
  6. NEO: $196.85
  7. Stellar (XLM): $0.93
  8. Cardano (ADA): $1.32
  9. Monero (XMR): $84
  10. Dash: $1642.22

Since then the prices have fluctuated significantly and the current values with most of the above cryptos are less than half of their above values. The overall market cap at the moment is about one third of the above all-time high.

Nonetheless, investing in cryptocurrencies today could be ensuring a rich tomorrow, as they gain more acceptance and more traction in business world and with people.

While the list of the top 10 cryptocurrencies changes often, some of the most steady top cryptos
usually include Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple.  (Image by Pixabay)

What are the available cryptocurrency business opportunities?

If the market continues to hover near new lows, it is an opportunity you can seize to make an investment. There are a number of ways you can approach the market and make a dollar for yourself. The key is to focus on the ones that are likely to give you a good ROI. The top 10, for example, offers exciting chances.

Overall, whatever your selection, the business you go for will fall under one of the under-noted categories:-

  1. Cryptocurrency investment business
  2. Cryptocurrency exchange and trading
  3. ICO business
  4. Cryptocurrency lending business.
  5. Cryptocurrency mining business and etc.

Let us examine each of these cryptocurrency business ideas individually:-

../images/gold2-triangle-1s.pngCryptocurrency investment business

In this business model, you buy cryptos at the price people are willing to pay for and expect to sell it for even more after a while. There are two major competing forces at play in determining the price of cryptos. One is speculation whereby cryptos are bought on the belief that their prices will appreciate rapidly. This has worked fairly well and attracted more players who fear to be left behind. The second force is supply. The emergence of new coins or mining of new ones means that there will be sufficient supply of cryptos available for trading thus moderating the prices and making the investment sustainable.

Other than holding your cryptocurrencies, it makes more sense to explore some of cryptocurrency
business ideas that could potentially be profitable, even with market fluctuations.  (Image by Pixabay)

../images/gold2-triangle-1s.pngCryptocurrency exchange and trading

In an exchange, you can operate either as a market maker or a market taker or trade as both. Market makers provide liquidity to the market and their charges a relatively smaller fee by the exchange. Market takers take away liquidity from the market and are charged slightly higher fees than the makers. Either as maker or a taker, here ways to make money in an exchange:-

Buy and Hold (HODL) - This is where you have speculated that prices are likely to go up and you simply buy and hold on to your purchase. It is risky but can pay off handsomely. If you hold and prices plummet, continue to hold until things look up again to minimize any possible losses.

Market making - This is a strategy applied by traders who essentially just buy and then sell crypto from other traders. By doing so, you provide liquidity that is vital to the market. The beauty of it is that you make money whenever the price of a crypto goes up and when it goes down. Every trade for you becomes a money making project.

Active trading - This is trading by use of other tools like bonds, futures and options to provide the tradeoff between risk and gain with a certain degree of accuracy. Another tool that can be employed is arbitrage. This is trading the same coin on different exchanges and making money from the difference in prices, e.g. buying at $1 and selling at $3 on another exchange platform.

If you have a strong computer and mining software, you could start a business of mining cryptocurrencies,
providing that your power costs (electricity supply prices) are low.  (Image by Pixabay)

../images/gold2-triangle-1s.pngICO business

It is possible to make money in ICO business depending on the ways funds raised are used and invested. Assuming both conditions are met, making money through ICO is easy. You enter the market during the inception stage and get cheap-priced tokens. You later cash in by selling at a much higher price. Before choosing to invest in an ICO, ensure that it has a working product so that tokens can be put into use immediately. Also, ensure that the tokens are not ridiculously over-raised and have a maximum cap.

../images/gold2-triangle-1s.pngCryptocurrency lending business

This model is especially feasible for newbies who are hesitant to venture into unchartered waters. A trader borrows money from others at interest and sells at the same prices. When the price falls, the trader buys back at the low prices and returns to the owners. The difference is the profit, and the lender of the money gets their interest, and it becomes a win-win situation.

../images/gold2-triangle-1s.pngCryptocurrency mining business

This was the core way to earn digital currency when the industry came up. The idea of mining pops up an impossibility mental picture that mining can only be undertaken by a technical few. Fortunately, the reality is different. All that is required is a strong computer and mining software. Once these have been installed, mining is in progress. You can then sell your coins when prices double up, or markets reach new highs.

All the above business opportunities of making money using cryptocurrencies mean that with efficiency in operations, the industry has not seen any high profits yet. The potential to break records will be repeated over and over again, and so we have not witnessed anything from declaring their potential to make an all-time profit.

  The World of Investing - Investment Tips and Ideas
Basics of Investing Your Money
Collectibles Worth Investing In
Cryptocurrency Business Ideas 
Guide to Investing in Debt Funds
Investing in Penny Stocks
Investing in UK After Brexit
Investment Options for Beginners
Investment Trends to Watch
Investor Protection for Expats
Low Risk High Return Investments
Non-Dom Reforms for British Expats
Overseas Family Led Investments
Price of Crude Oil and Stock Market
Protect Investments in Bankruptcy

   Bye Bye Big Brother Black Book
   Bye Bye Big Brother CD ROM
   Bye Bye Big Brother Package
   Citizenship Residency Requirements
   Confidential Communication for PTs
   Paper PT An Important Concept
   What Is PT All About
   The American Expatriation Guide
   Become an Honorary Diplomat
   Brazil and Paraguay Confidential
   Campione Confidential
   ESCAPE by Grandpa
   Instant Legal Residence Abroad
   The Invisible Investor
   Latvia Confidential
   The Monaco Report
   Panama Confidential
   Perpetual Traveler
   PT4 Grandpas Special Collection
   Portable Trades and Occupations
   The Second Passport Report
   Think Like a Tycoon
   WG Hill PT Collection
Bye Bye Big Brother
BBBB Free Chapter
   Basics of Investing Your Money
   Collectibles Worth Investing In
   Cryptocurrency Business Ideas
   Guide to Investing in Debt Funds
   Investing in Penny Stocks
   Investment in UK After Brexit
   Investment Options for Beginners
   Investment Trends to Watch
   Investor Protection for Expats
   Low Risk High Return Investments
   Non-Dom Reforms for British Expats
   Overseas Family Led Investments
   Price of Crude Oil and Stock Market
   Protecting Investments in Bankruptcy
   All About Commercial Lending
   Bankruptcy As A Solution
   Banks Don't Need Your Money
   Basics of Business Branding
   Blockchain Impact on Business
   Business Cloud Software
   Business Financing Sources
   Divorce and Finances Abroad
   Fund Your Small Business
   Hire Business Plan Consultant
   Learn About Finance Online
   Manage Business While Travelling
   Solve Cash Flow Problems
   Forex Trading Courses
   Automated Trading System
   Use Basic Tools for Trading
   Best Forex Books for Beginners
   Binary Options Straddle Trades
   Binary Options Strategies
   Blade Runner Trading Strategy
   The Camarilla Equation Formula
   Day Trading vs Swing Trading
   Elders Force Index Strategy
   Top Forex Trading Platforms
   The Gartley Pattern Chart
   Finding Good Forex Broker
   Forex Fundamental News
   Forex Market in Currencies
   Forex Markets Trading
   Forex Trading Account
   Forex Trading Beginner Tips
   Forex Trading Explained
   Forex Trading Worldwide
   International Currency Trading
   Most Profitable Forex Indicator
   Picking Right Forex Software
   Retracement Levels in Flats
   The 38.2 Retracement Level
   Stochastic Oscillator in Forex
   STP ECN Trading Model
   Support and Resistance Forex
   Safe Haven Currencies
   Successful Trader Traits
   5 Benefits of Antigua Passport
   Costa Rica Offshore Corporation
   Dubai Offshore Banking
   Offshore Outsourcing Tips
   Stress Factors of Expatriates
   The 10 New Bali Project
   Hottest Real Estate Markets
   Real Estate Investment Online
   Return on Property Investment
   Smart Real Estate Investments
   Technology and Real Estate
   Ways to Invest in Real Estate
   Business of Investing in Wines
   Fine Wine as Loan Collateral
   Investing in Wine in Australia
   Start Wine Trading Business
   BBBB Abridged Book
   The Gold Report
   Offshore Banking Guide
   Offshore Road to Riches
   PT2 The Practice
   VIP Divorce Kit
   The Invisible World
   Invisible Banking
   High Yield Investments
   High Yield Investments 2
   Future Wealth
   Financial Crisis
   The Offshore Investment Guide
   Underground Knowledge 1
   Underground Knowledge 2
   Underground Knowledge 3
   Underground Knowledge 4
   Scams and Fraud
   Alan Greenspan's Housing Bubble
   America's Oversized Deficits
   April Job Losses the Lowest
   Bank of America Bonus Payments
   Bank Stress Test Results
   Banks Stress Tests Flawed
   Bank Stress Tests Questions
   Banks Financial Trickery
   Canadian Oil Companies
   Card Issuers Meet Obama
   China Detroit's Lifeline
   China Taiwan Investment Accords
   China's Yuan Carry Trade
   Ciena Corp Recommendation
   Credit Default Swaps
   Elliott Wave Disciple
   General Motors Savior
   How to Buy Banks
   India's Slow Growth
   Japan's Lost Decade
   Long-Short Investing Strategies
   Money Morning Bank Stress Test
   Oil Prices Could Jump
   Russia and China Energy Deals
   Russian Economic Model
   Small Caps Proven Profitability
   Solar Energy Comeback
   Sustained Economic Recovery
   World's Reserve Currency
   Online Transactions Survey Findings
   Millionaire Mindset Charateristics
   Real Estate Investing in Panama
   Strategies for Achieving Success
   New Orleans 2015
   Casey Summit 2015
   Antigua Conference
   Recipes for Success
   Cancun Seminar
   Panama Seminar