The rise of Bitcoin in recent years has made headlines on major news sources across the globe. Many have doubted it, some even hated it, but no one can deny the fact that bitcoin is here to stay.
Ever since
Bitcoin debuted in 2009, it has dominated the cryptocurrency market by holding
a market share of over 50%. Those who have had the foresight and luck to buy
bitcoins early have been turned into multi-millionaires, or have lost their
$6million worth of bitcoins in the trash. Cryptocurrency has made tens of
thousands of millionaires already, and if you plan on being rich in the near
future, then investing in cryptocurrencies is the best thing you can do for
yourself.
Many
economists and experts believed that it would remain the face of cryptocurrency
for years to come. Although there are multiple cryptocurrencies that have made
their way into the market, bitcoin has never been challenged. That is, until
now.
The
challenger is called Ethereum,
and it’s catching up to Bitcoin’s massive $43billion USD market share at
breakneck speeds. Ethereum is technologically superior to bitcoin, with more
functionality (such as the ability to create smart contracts) and faster
transaction times. Industry experts predict that Ethereum’s market share will
overtake bitcoin within the end of this year. With Ethereum prices already
setting new highs every day, there is still a chance for those who have missed
the Bitcoin rocket to make it big with the rising coin.
The Open
Secret
They’re
called ICOs or initial crowd offerings and they’re the latest craze among the
ultra-rich. Similar to stock IPOs(initial public offering), ICOs offer
investors tokens instead of shares. These tokens have special functions coded
into them depending on what they are used for. Best of all, tokens multiply in
value as soon as the crowd sale ends and multiply in value again after they are
listed on an exchange. Best of all, anyone can invest and there is not minimum
investment, unlike a stock IPO where you have to be well connected and meet
stringent requirements just to take part.
Participating in CEF
One of the most successful crowdsale at
the moment is a local project called CEF. CEF is billed as world's first
financial endowment + trust management + blockchain project that truly reflects
the power of a blockchain technology in the capital investment management sector,
while taking the potential of fintech to the extreme. All the funds raised will
be managed by a team of professionals and expert analysts. The team is strong, with
each member having extensive experience in the blockchain investment field, with
some committing to years of blockchain research projects, whilst others
featuring in major international investment stages, having won special
blockchain awards, and participating as angel investors and so on. With their
valuable and rich investment experiences, their professional analysis and
judgment will be well suited to manage CEF investment funds excellently.
Currently, there is no competition in the
huge market segment allowing CEF to corner the industry with a massive
monopoly. Over hundred thousands MYR worth of ETH have been raised before the
ICO on 12/10/2017, making CEF more popular than the rest of local ICO projects
who have started their projects over months
in advance.
Disclaimer: My opinion is not legal advice. I am not a
lawyer. This in no way should be considered legal advice, and my views do not
represent the views of CEF Team. Moreover, nothing written or spoken here
should be construed as investment advice. It is designed for general
informational purposes only.