Investing In Cryptocurrency: Good idea or Bad?

Wondering if it is the right time to fund in cryptocurrency? Confusion is valid since it's difficult to catch the perfect moment. The first wave of cryptocurrency was created with the introduction of Bitcoin. After Bitcoin grabbed the limelight, many other cryptocurrencies entered the market like Ethereum, Litecoin, etc. So it is now harder to decide which one would be better to invest.

It is difficult to foretell the fate of cryptocurrencies, but the demand of cryptocurrencies is only rising. With the rising popularity of cryptocurrencies, almost every organization is eyeing for ways to incorporate this disruptive technology in their arsenal.


Now, the question arises whether investing in Cryptocurrency is a good idea. So, the answer is, if you buy a Cryptocurrency, you must keep yourself updated with the trends around it. Keep a watch on the reports, the news about the ups and downs in the price. Also try to consult Cryptocurrency development companies, as they can provide you a fair idea about the working of Cryptocurrencies. Keep in mind, if there is a massive price fall, then that can be a great time to purchase a Cryptocurrency.

Best Cryptocurrency to Invest in 2019: Ethereum (ETH)

If you have planned to invest in cryptocurrencies, going for Ethereum will be a good option. Even though you have dropped the first significant chance to invest, funding in Ethereum could still be a good scheme.

It all depends on what you think about the prospect of Ethereum. If you believe in it, you should consider it. If you don’t, then it's recommended to stay off from it. It goes similarly with all investments.

The cost of Ethereum was more than $720, with an inclusive market cap of around $70 billion. Ethereum expanded by about 3000% in the year 2018 and became the biggest cryptocurrency, defeating Bitcoin.

Final Words

While cryptocurrencies can provide you immense profits, you must prepare your mind for the probability of losing money. Bear in mind that your foresight won’t always be right! There is no sure shot formula to understand what is going to happen to the value of a cryptocurrency, or any other investment.

Do you know what most of the proficient cryptocurrency investors state? You should only spend money that you are not scared to lose. It’s the best advice, so eternally remember it!
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How To Strategize and Prioritize Characteristics For Your MVP Mobile Application

During mobile application development, MVP method is utilized to recognize, validate, or refute the high-risk suspicions of the mobile application. The MVP provides essential power. MVP process enables you to determine the reaction of the target audience to your app’s core purpose. This will help you plan and prioritize the features of your app. It will also help you create a roadmap.


We have divided our post into two parts identifying the initial purpose of MVP mobile app and tips to fix the features to achieve your goal in the best way while availing mobile app development services.

Develop Product & Planning Goals

The initial stage in development includes product design. This is the time where you require to prepare a strategy for MVP. It will help you visualize your product in terms of features. It's recommended to give a bit of time thinking about the expectations and outcomes of your product.

It will help to convert your product strategies into actions. Without any doubt, you can keep your goals high but connected to a first performance pointer. Below are some goals that you can consider:
  • Mobile Enactment
  • Customer Comfort
  • Increase LTV
  • Diminish Churn
  • Upsell Latest Services

Prioritizing Characteristics of a Mobile Application

Once you start prioritizing the pieces for your outcome, you must begin by acknowledging these topics: The obstacles faced by your users and how the performance of your product resolve that problem? Throughout the MVP process is outlining, it is essential to restrict the number of characteristics; you are prioritizing and concentrate on only the necessary things to launch your app in the market.

To recognize the characteristics that assist in focussing on your MVP ’s functionality, it’s suggested to form a preceptor wishlist of the components you require in the product. After this, you can begin planning characteristics to maintain your MVP strong. The best method for defining the features needed for an MVP is using the Moscow model. 

It is a process that endures for the do's and don't. It is utilized to define what features are essential to developing initially. Identifying the conditions of the product upfront decreases scope creep. Usually, when a project advances, additional functions attract the limelight. The Moscow process maintains the extent of your plan on the path, & if unnecessary features are placed on priority then the timeframe, affordability, and the capacity to accomplish business goals will hamper.

Another important method to determine your MVP’s focussed characteristics is to utilize a prioritization pattern. Using this type of design can assist you in making the concluding judgment about what elements are essential for the MVP.


Other Ideas for scaling Features

Modifying Your Roadmap After MVP Development

A roadmap is necessary for supervising the critical management of the mobile application. A guide to future goal is not hooked in stone. Instead, it varies from time to time, notably in rapid development. Your MVP should also be ready to support the change.

The time you have originated your mobile application MVP, you can begin with collecting user reviews and doing redundancies to the product guide according to your KPIs.

Calculate, Gather Feedback

User review is similar to a treasure of data for supporting you point out the sections where the app is performing great and which areas require improvement. This report will assist you in choosing to keep an eye on the record or handle and turn direction uniquely. Analyzing user review and following user's behavior will let you know about their choice and their expectations from the app.

Set Some Bars For Your Project

It will help to make you get the most robust apps. To define your end metrics, in the beginning, is the most important step. Addressing KPI's

initially will provide you a substantial knowledge of the fields to concentrate on to enhance planned launch of your application

The KPI you wish to concentrate on will directly proportional to the field, type, and level of your app. With an MVP, you wish to restrict the amount of KPIs that interest and concentrate on the graph that moves the pointer for your business. 

These metrics can only be concluded after deciding the kind of product.
  • Adoption prices
  • Recognition and churn
  • App quality
  • Features, quantity of users
  • Acquisition costs
  • ROI and leads
These are standards that relate to the necessary direction and leadership of your app roadmap. You can accumulate the data through the MVP and review your goals respectively. By determining user communication with your app, you will be available to decide on what features & sections of your product require the maximum concentration in the further.

Examine Your Competitors

The purpose of originating MVP is to obtain a different value to the market; 

Though, you can hear much about the business you are going to enter by exploring the competition.

Just don't copy paste your competitor's feature set, try to gather knowledge on least noticeable platforms. You can read blogs, comments where your target audience is discussing the app similar to you. Adopt these platforms to check user point of view, their likes and dislikes about the app. Also, check what updates are they in search of.

Next Step Is To Organize Theme

Once you have decided what area gets the maximum insight for your app, create your collection of outcomes into themes that define value to your users and stakeholders. At advanced levels, ideas are combinations of alike features, and actions that describe a business you aim to help the user to accomplish. 

Conclusion

A product layout is required for delivering the aim of the MVP and controlling at every step of development following the release of your product. The method is iterative, and the information is an essential component of every level. Exhibiting a complete roadmap will assist your company in digesting the information you accumulate from the MVP and address valid choices.

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