• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 26, according to the Wall Street Journal, in order to simplify the negotiations on reciprocal tariffs, US negotiating officials plan to use a new framework developed by the Office of the United States Trade Representative (USTR), which lists major categories of negotiations, such as tariffs and quotas, non-tariff trade barriers, digital trade, product origin principles, economic security and other commercial issues. In these categories, US officials will put forward specific requirements for individual countries, but people familiar with the matter emphasized that this document may also be adjusted at any time. People familiar with the matter said that the United States initial plan is to negotiate with 18 major trading partners in turn over the next two months. The initial plan is to alternately participate in the talks with six countries per week for three weeks (six countries in the first week, another six countries in the second week, and another six countries in the third week) until the deadline of July 8. If US President Trump does not extend the 90-day suspension period he set by then, those countries that cannot reach an agreement will begin to face reciprocal tariffs.On April 26, after the United States announced additional tariffs on goods from many countries, Peruvian business people expressed concerns that the US governments extreme measures would disrupt the global trade order and may even trigger a global economic recession. Alvaro Barrenechea Chavez, vice president of the Peruvian-Chinese Chamber of Commerce, said that the negative impact of the US tariff policy has begun to emerge and hoped that the US government would rethink. Recognizing the importance of countries working together to promote development, I think this is the best way to become a true "world citizen."Market news: Musks xAI company plans to raise about US$20 billion in a financing round.Conflict situation: 1. Ukrainian top commander: Russia tried to use air strikes as a cover to increase ground attacks, but was repelled by Ukraine. 2. Ukrainian Air Force: Russia launched more than 103 drones in the night attack on Ukraine. 3. Local officials said Ukraine launched an attack in the Belgorod region of Russia, killing two people. 4. The local governor said that Russia launched an attack on the Dnipropetrovsk region of Ukraine, killing one person and injuring eight people. Peace talks: 1. Trump: ① The situation between Russia and Ukraine is gradually becoming clear, and they are "very close" to reaching an agreement. ② Ukraine is unlikely to join NATO. ③ Ukraine has not yet signed the rare earth agreement and hopes that the agreement can be signed immediately. ④ It is foreseeable that the United States will conduct commercial cooperation with Ukraine and Russia after reaching an agreement. 2. Russian Foreign Minister: Russia is "ready to reach an agreement on Ukraine." 3. Russian Presidential Assistant Ushakov: Russia and the United States will continue to maintain active dialogue. 4. Russian Presidential Assistant: Putin discussed the possibility of resuming direct negotiations between Russia and Ukraine with the US envoy. 5. The differences between the United States, Europe and Ukraine are clear. The documents show that European countries and Ukraine have raised objections to some of the US proposals to end the Russia-Ukraine conflict. 6. Market news: As part of the peace agreement, the United States asked Russian President Putin to abandon the demilitarization requirement. Other situations: 1. President of Hungarys OTP Bank: We hope to return to all business areas in Russia after the (Russia-Ukraine) conflict ends. 2. Ukrainian President Zelensky: US ground forces are not necessary for Ukraine. 3. Trump said Crimea will remain in Russia, Zelensky: Never recognize it. Agreeing with Trumps view, Crimea cannot be recovered by force. 4. NATO Secretary-General Rutte met with Trump and senior US officials to discuss defense spending, NATO summit, and the Ukrainian conflict.Rising global trade risks, overall policy uncertainty and the sustainability of U.S. debt top the list of potential risks to the U.S. financial system, according to the Federal Reserves latest financial stability report released on Friday. This is the first time the Fed has conducted a semi-annual survey on financial risks since Trump returned to the White House. 73% of respondents said that global trade risks are their biggest concern, more than double the proportion reported in November. Half of the respondents believe that overall policy uncertainty is the most worrying issue, an increase from the same period last year. The survey also found that issues related to recent market turmoil have received more attention, with 27% of respondents worried about the functioning of the U.S. Treasury market, up from 17% last fall. Foreign withdrawals from U.S. assets and the value of the dollar have also risen on the list of concerns.

Bitcoin or Altcoins: What Should You Invest in?

Aria Thomas

Mar 24, 2022 10:36

A1.png


With so many different currencies to choose from, how can you be sure you're making the proper decision? In actuality, there is no such thing as a good or bad choice in the cryptocurrency market; it all relies on your aims and application areas.


The cryptocurrency sector is densely packed with several currencies. Every day, it seems, a new cryptocurrency emerges on the market with the potential to revolutionize the crypto landscape. Knowing how to invest your money, on the other hand, may save you both stress and time.


With so many different currencies to choose from, how can you be sure you're making the proper decision? In actuality, there is no such thing as a good or bad choice in the cryptocurrency market; it all relies on your aims and application areas. Armed with information, you can make an educated choice and reduce your investment risk. Let's take a look at the advantages and drawbacks of the numerous alternatives available, which may help you decide whether to purchase Bitcoin or Altcoins instead.

Why are there so many investing opportunities?

Before we go into Bitcoin and Altcoins, let's take a quick look at why there are so many cryptocurrencies on the market. Nobody expected Bitcoin to become so popular in such a short period of time. Furthermore, underlying technology, such as blockchain, has shown to be quite simple to replicate.


As a result of these reasons, several aspiring entrepreneurs and Bitcoin aficionados developed their own currencies. They recognized a chance to compete with Bitcoin or to establish their own legacy. As a consequence, there are currently a plethora of altcoins on the market.

Bitcoin as the poster child for cryptocurrency

Bitcoin was the first cryptocurrency. It was first designed and launched in 2009, and it exposed the world to blockchain technology and the proof-of-work mechanism. Bitcoin has risen to become the most well-known cryptocurrency since its creation. Over 17 million coins worth over $113 billion are in circulation. This sum far outnumbers any other altcoin - Ethereum, the second biggest cryptocurrency after Bitcoin, has a market valuation of just $21 billion.


Bitcoins are mined, and this process is essential to the coin's survival. Miners discover new Bitcoins and put them into circulation in exchange for incentives. They are also in charge of verifying Bitcoin transactions on the ledger.

The Benefits of Bitcoin

Bitcoin's key benefit is its broad usage and acceptance. It is by far the most widely accepted method of payment. Many financial institutions embrace Bitcoin, and it is undoubtedly the money that the majority of people have heard about. Furthermore, Bitcoin has a large user base that is committed to its long-term development. Finally, it contains a large pool of miners that keep the network running and safe.

Disadvantages of Bitcoin

Although Bitcoin offers several benefits, it is not without problems. Bitcoin's price has plummeted since December 2017, when it reached stratospheric heights of about $20,000. The price is still positive, but many experts are skeptical that it will ever recover to those levels.


Another key disadvantage that is becoming more apparent is the Bitcoin transaction fees. One of the key selling aspects of Bitcoin was its ultra-low transaction costs. Because miners have the ability to choose which transactions to execute, they will prefer those with larger fees.


Finally, many individuals complain about the high energy consumption required by Bitcoin mining; they perceive this as a threat to our environment and would prefer to employ a more 'eco-friendly' option.

Alternative altcoins with high potential

Because Bitcoin is regarded as the first cryptocurrency, each new currency is seen as an alternative. There are hundreds of altcoins accessible to invest in right now, and more are being produced on a daily basis. Some of them, like Ethereum and XRP, thrive and stay in great demand, while others fade away. The following are some altcoins and their market capitalizations (as of October 18, 2018):


  • Ethereum: $21 Billion

  • XRP: $18 Billion

  • Bitcoin Cash: $7.7 Billion

  • EOS: $4.9 Billion

  • Stellar Lumens: $4.5

  • Litecoin: $3.1 Billion

  • Monero: $1.7 Billion

  • Dash: $1.3 Billion


As you can see, there are several altcoins available, each with a somewhat distinct offering.

Advantages of Altcoins

One of the primary benefits of altcoins is that they, by definition, serve as a substitute for Bitcoin. If the all-powerful Bitcoin collapses, there are altcoins to fall back on. Furthermore, several altcoins serve a specific purpose. For example, Po.et (POE) is based on a platform that allows publishers and content providers to simply manage their licenses.


Finally, many altcoins vary from Bitcoin in terms of systems and procedures, and therefore have more room to grow in the future. For example, XRP and Ethereum are two distinct altcoins that have been extensively embraced and utilized in a variety of businesses.

Disadvantages of Altcoin

The primary downside of altcoins is their lack of visibility and acceptability. While Ethereum, XRP, and Bitcoin Cash have widespread acceptance, others do not. Furthermore, many altcoins have a limited number of outlets and methods to utilize them since they haven't been popularized to the same extent that Bitcoin has.

Conclusion

Just because Bitcoin is the most abundant currency and has the most backing does not indicate that altcoins are worthless. Consider diversifying your financial portfolio by acquiring Bitcoin and other significant altcoins. The essential thing to remember is to reduce your risk and make an educated buy.