Marcel Haarmann is a cryptography expert at the Lucerne University of Applied Sciences and Arts. It sheds light on the topic of cryptocurrencies and cryptocurrencies.
The basics in brief
- Almost everything can be paid for with cryptocurrencies today.
- Crypto expert Marcel Haarmann explains the most important things about digital currency at Nau.ch.
Nau.ch: Mr. Harman, How Safe Are Cryptocurrencies?
Marcel Harmann: Cryptocurrency is like bitcoin Technically very safe. For example, the relatively high power consumption of PoW chains is its biggest safety mechanism. Because no one can do 51 percent of energy Spend what it takes to launch an attack.
Nau.ch: How many different cryptocurrencies, which are the most popular and how do they differ?
Marcel Harmann: According to coinmarketcap.com, there are over 19,000 different cryptocurrencies. The most famous is for sure bitcoin And Ethereum – No. 1 and No. 2, respectively, by market capitalization. The Venma Distinguish between payment, utility and asset tokens. There are other, more detailed classifications, but all cryptocurrencies can be classified in this way.
Nau.ch: Why should everyone invest in cryptocurrency?
Marcel Harmann: Cryptocurrencies are establishing themselves as a new investment class. Thanks to the diversification effect of the portfolio, it also makes sense to hold a small amount of cryptocurrency.
Right now, cryptocurrencies are behaving like technologyShare It is relatively closely linked to the NASDAQ stock exchange. In the industry, we assume that separation will happen soon bitcoin It has properties like gold and is therefore good against it inflation Appropriate. But this is not the case at present.
Nau.ch: What exactly is Blockchain-technology?
Marcel Harman: Blockchain It is a distributed database technology that enables secure storage of information in an immutable and reliable manner. This allows users to interact with each other and perform transactions without the need for a trusted third party.
Nau.ch: When should you invest?
Marcel Harmann: The timing of investments is always difficult, especially with volatile assets like cryptocurrencies. So it is best to budget and invest regularly over several months (dollar– Calculating Average Cost (DCA)).
Nau.ch: What is the best way to invest and how much to start with?
Marcel Harmann: There are different ways to invest in cryptocurrency. The more tech-savvy people can hold cryptocurrency directly on their device’s ledger. But it is also possible to purchase tracking certificates, which can be kept in the warehouse via a regular home bank and repeat cryptocurrency rates.
With an already well diversified portfolio, one is talking about 2 to 5 percent of cryptocurrency, which should be added. Of course, this also depends on your risk profile.
Nau.ch: Where do you even buy cryptocurrencies?
Marcel Harmann: Cryptocurrency can now be bought in various places. Apps like Coinbase or Revolut are easy. As mentioned, you can also purchase tracking certificates, which can be kept in a warehouse by any Swiss bank. There are now also banks that specialize in crypto, such as SEBA, Sygnum or Märki Baumann.
Nau.ch: What is the chance of making a lot of money in cryptocurrency?
Marcel Harmann: The cryptocurrency industry today is similar to the Internet industry in the beginning. While bitcoin And Ethereum, which is relatively “safe” and favored by institutional investors, is another digital currency that is more like investing in a startup. Then you move more into the realm of venture capitalists (VCs). It is widely believed that 9 out of 10 startups will not survive. This is no different for cryptocurrencies, with the difference that they can be traded 24/7, while this is not possible with classic startups.
It is certainly possible to make a lot of money, but it takes a lot of skill and a bit of luck.
Nau.ch: What can you do with digital assets?
Marcel Haarmann: You can now pay for almost everything that matters with Cryptos. Of course, it can always be in Swiss franc are exchanged.