However, behind this big wave, many beginners who did not learn about blockchain and crypto investment were swept away by the current price fluctuations and suffered losses. Many lay people, who were tempted by the wish to become impromptu millionaires through crypto inventions without doing in-depth analysis. They spend huge amounts of money on popular coins, especially Bitcoin, with speculation that prices will always skyrocket. In fact, after reaching the peak of high volume prices at the end of 2017 and entering early 2018, Bitcoin slid very sharply for several months.
On the other hand, there are also many people who dyed and practiced knowledge and investment strategies in the crypto world. These people carefully analyze the possibilities that occur in the crypto world not only regarding price fluctuations but the influence of blockchain on the world. Many crypto developers build their projects with the aim of changing the world for the better. They are competing to launch new coins known as Altcoin.
At present, there are around 2000 coins registered and circulating in the market. It is wise for investors who have just entered the crypto world to glance at and study Altcoins rather than focus on popular coins that are already at a high price. New coins have fresh networks and communities that are still active and maintained communication. So that it allows beginners to learn the basics of crypto investment while building a portfolio with increasing profits.
According to the analysis, this month is a very good support point for crypto’s revival. Some data shows, popular coins are already at the lowest price and experiencing oversold. If you already understand how blockchain works, then this is the time for you to invest crypto wisely. Then, where do you start? Which coin should you choose?
Start with Transcendence
Transcendence is a crypto project that is an open-source, decentralized blockchain with existing services as like AmiCloud and the indieGO-Appstore. All of them accept the Transcendence Network Token called TELOS. The longterm plan is to move the cloud storage and cloud computing aspects of the closed source software to the opensouce blockchain.
The current strategy in choosing Altcoin and getting profit is by mining with the proof of stake method and building a masternode. If you choose popular coins, you will have difficulty getting into a crowded network and you need a very large capital to buy collateral coins.
Transcendence is a good choice for you to begin to feel crypto mining with the staking method even you only need a little capital to build a masternode. Here is the Transcendence Roadmap:
- 20th July, 2018 Fork of PIVX
- Release of wallets for OSX, Linux, Windows
- Getting acceptance on first exchange
- Update AmiCloud and indieGO- Appstore to accept Telos
- Release of AEROS 5.0 for ARM, i386 As freebee for Masternode owners
- Release of Multicoin Wallet for Windows, OSX, Linux, AmigaOS, AROS morphOS
- Enabling Cloudprocessing option for Nodes and clients
- Enabling gouvernance and Bounty platform
Get Started Now
To invest crypto, you need a wallet in the form of an application where you will save coins / tokens. You can download it via the link options below.
Buy TELOS (Transcendence Coins)
Setup Masternode and Get More Coins
Masternode is a very popular method today to gain crypto. Masternode is similar to franchise business in the form of nodes which are full copies of blockchain in real time. The method helps verify transactions that occur on a blockchain to be added to public ledgers. In return, masternode owners will get new coins from the cryptocurrency.
The big difference with the staking method, masternode requires a number of coins to be used as collateral. In addition, you also need a VPS (Virtual Private Server) to build a masternode that is where you create a full copy of the blockchain node.
The following is a complete detail of the masternode setup in Transcendence.
Official Website: http://teloscoin.org/