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Everything you need to know about using Litecoin

Litecoin is a form of cryptocurrency that is growing in popularity in response to the demand for alternative currency options by consumers around the world. This currency works a lot like standard world currencies. Traders and investors have realized the great potential that this currency has to offer, and it is highly traded by both beginners and experienced investors. The best way to get the most out of Litecoin transactions is to use the services of a Litecoin broker. There are numerous Litecoin brokers who have an excellent reputation for providing their clients with superior service. These brokers will be able to help traders make sensible decisions about their investments.
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When you hire a good Litecoin broker, he will have many tools and resources to ensure that your transactions go smoothly. Perhaps the most used tool by these brokers is the Litecoin news widget. This widget can be completely customized to meet your specific needs. It will provide constant updates on cryptocurrency news and other relevant information, so you will be up to date with the latest news when it is released on cables. The following will give an idea of ​​what exactly this cryptocurrency is and how it can be used and obtained in addition to trading for it.

What is Litecoin?

Litecoin is a form of virtual currency that can be obtained and used to buy and sell various services and products such as jewelry, clothing, food and electronics. Because this currency is only used online, its value is determined by the demand on currency trading websites. This cryptocurrency can be traded or mined. When digging for currency, the process can be a difficult task. Computers solve mathematical equations and are rewarded as a result. Almost any good computer can dig for currency, but statistically the chances of success are low and it can take days to earn a few coins.

The difference between Litecoin and Bitcoin
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The main difference is that lightcoins can be bought much faster than bitcoins and their limit is set at 84 million, while the limit of bitcoin is only 21 million compared. Bitcoins are accepted in more online stores, but the popularity of Litecoin is growing every day. The currency is decentralized, so this is a great advantage for traders. The price is expected to be lower than the price of bitcoin as the cryptocurrency becomes more widely known.

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4 tips to help you enjoy a successful crypto trading career

Today, if you want to make a lot of money with bitcoin, your best bet is to trade instead of invest. All you have to do is buy and sell your coins and earn a small amount after each sale. If you are just starting out, you will have to start from scratch, like everyone else. If you play the game well, you can earn tons of money in a short period of time. In this article we have some tips that can help you enjoy a successful cryptocurrency trading career. Read on to learn more.
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There are many important things to keep in mind if you are interested in making tons of money trading bitcoin. It all comes down to your experience and intelligence. Without further ado, let’s look at some tips that can help you make a lot of money and avoid some common mistakes.
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1. Know the risk first

This is one of the most common mistakes most traders make. If you do not know about the risks associated with this trade, you should not embark on this adventure. If you are not aware of the challenges, you can lose a lot of money.
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Before investing your hard-earned money, you may want to assess the risk. So, this is one of the most important things to keep in mind.
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2. Diversify your investments

When it comes to bitcoin trading, we suggest you diversify your investments. This applies to all types of investments. In other words, if you want to invest only in bitcoin, you will make a mistake. You also need to invest your money wisely in other cryptocurrencies.
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This is important if you want to be safe and reduce your losses and turn them into profits.

3. Be patient

Money does not grow on trees. All traders enter the world of cryptocurrency to make money. However, you cannot make money immediately after you have purchased the cryptocurrency you want. And then there is no guarantee that you will continue to earn all your career. This is why you may want to prepare to deal with this type of situation.
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4. Don’t be greedy

Finally, it is important to stay away from greed, as this is your biggest enemy when it comes to cryptocurrency trading. As bitcoin prices continue to fluctuate, you need to be patient. It is not a good idea to be afraid of hesitation and sell your coins right away. So if you don’t have patience, you can’t succeed in your career as a trader.
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Summary

In short, these are some of the most useful tips you can try if you want to succeed as a cryptocurrency trader. If you play the game well, you can make a lot of money in a few years, if not months.
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4 common mistakes to avoid when trading cryptocurrency

Today you can invest in cryptocurrency quickly and easily. You have the freedom to invest with the help of online brokers, but you can’t say for sure if this is a safe endeavor. There are many risks and pitfalls you have to face if you plan to enter this area. However, you don’t have to become a master in the world of computer science or finance to get started. This means that you need to make an informed decision. In this article we will talk about some common mistakes that most cryptocurrency investors make. Read on to learn more.
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1: You buy the wrong coins

If you decide to buy bitcoin, you need to be careful. There are different types of bitcoins, such as private bitcoins, bitcoin SV, bitcoin gold and bitcoin cash. In other words, there are many shoots to watch out for.
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While these are not bad or scams, make sure you know what you are buying. Even if you buy the wrong coin, you can still sell it back and look for the right one.

2: You are not for the Wild Ride

If you want to enter the world of cryptocurrency, you need to have nerves of steel to face instability. Unlike the traditional financial world, cryptocurrency has extreme volatility, according to Teresa Morrison, a certified financial planner in Arizona.
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According to her, as a new investor you should initially invest a small amount, for example $ 100 per month, and then forget about it. If you keep an eye on the market every day, it will drive you crazy.
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Also, just because you are a beginner, you may want to stick to 2 to 3 cryptocurrencies that you are familiar with. Ideally, you can first look at established coins such as Bitcoin and Ethereum.

3: Do not double check the address

Many cryptocurrency traders lose their coins just because they do not check the address. Unlike a conventional bank transfer, you can’t just cancel a transaction. So, you need to be really careful when performing this type of transaction using cryptocurrency. If you are not careful enough, you can lose thousands of dollars in seconds.
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4: You have lost access to your wallet

Although there is a limited number of 21 million bitcoins, the total number of bitcoins is not created. The reason is that many coin holders have lost access to their wallets due to forgotten passwords.
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According to the Chainanalysis report, 1 in 5 bitcoins mined so far is not available due to lost passwords. So make sure you keep your password in a safe place before you start reading.

In short, we suggest you avoid these four most common mistakes if you want to be successful in the world of cryptocurrency trading. We hope that these tips will help you be safe and successful as a trader or investor.

Bitcoin is thriving against all odds

Since it is currently in vogue, I would like to announce that I am launching my own cryptocurrency next week.

Let’s call it “kingcoin”.

No, this is too self-serving.

How about “muttcoin”? I have always had a weakness for mixed breeds.

Yes, that’s perfect – everyone loves dogs.

This will be the biggest thing after fidget spinners.

Congratulations! Anyone reading this will receive a mutcoin when my new coin is released next week.

I will evenly distribute 1 million mutcoins. Feel free to spend them wherever you want (or where someone will accept them!).

What is this? The cashier at Target said they wouldn’t accept our mutcoins?

Tell those who doubt that mutcoin has a shortage of value – there will ever be only 1 million mutcoins. On top of that, it is backed by the full faith and merit of 8 GB of RAM on my desktop computer.

Also, remind them that a decade ago, Bitcoin couldn’t even buy you a packet of chewing gum. Now a bitcoin can buy a lifetime supply.

And, like bitcoin, you can store muttcoin safely offline away from hackers and thieves.

In essence, this is an exact copy of the properties of bitcoin. Muttcoin has a decentralized book with unbreakable cryptography and all transactions are unchanged.

Still not convinced that our mutcoins will cost billions in the future?

Well, it’s understandable. The fact is that launching a new cryptocurrency is much harder than it seems, if not impossible.

That’s why I believe that bitcoin has reached these heights despite all the odds. And because of its unique user network, it will continue to do so.

Of course, there were setbacks. But each of these failures eventually led to higher prices. The recent 60% decline will be no different.

The miracle of bitcoin

Bitcoin’s success is based on its ability to create a global network of users who are either ready to transact with it now or store it for later. Future prices will be determined by the pace at which the network grows.

Even in the face of wild price fluctuations, bitcoin adoption continues to grow at an exponential rate. There are now 23 million wallets open worldwide, chasing 21 million bitcoins. In a few years, the number of wallets could grow to include 5 billion people on the planet connected to the Internet.

Sometimes the motivation for new cryptocurrencies was speculative; other times they sought a stock of value far from their own national currency. In the last year, new applications such as Coinbase have made it even easier to connect new users.

If you haven’t noticed when people buy bitcoins, they talk about it. We all have this friend who bought bitcoin and then wouldn’t shut up about it. Yes, it’s my fault – and I’m sure a lot of readers are too.

Perhaps subconsciously, owners become crypto-evangelicals, as persuading others to buy serves their own interest in increasing the value of their possessions.

The evangelization of bitcoin – the spread of the good word – has miraculously led to a rise in price from $ 0.001 to a recent price of $ 10,000.

Who could have imagined that his pseudonym, fed up with the global banking oligopoly, has released an intangible digital resource that rivals the value of the world’s largest currencies in less than a decade?

No religion, political movement or technology has ever witnessed this growth rate. On the other hand, humanity has never been so connected.

The idea of ​​money

Bitcoin started as an idea. To be clear, all the money – whether it was shell money used by primitive islanders, a gold bar or a US dollar – started as an idea. The idea is that a network of users values ​​it equally and would be willing to part with something of equal value for your form of money.

Money has no intrinsic value; its value is purely external – only what others think is worth it.

Pay attention to the dollar in your pocket – it’s just an exquisite sheet of paper with a one-eyed pyramid, a portrait of the stamp and the signatures of important people.

To be useful, society must view it as a unit of account and traders must be willing to accept it as payment for goods and services.

Bitcoin demonstrates an incredible ability to reach and connect a network of millions of users.

One bitcoin costs only what the next person is willing to pay for it. But if the network continues to expand at an exponential rate, limited supply argues that prices can only move in one direction … higher.

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The nine-year rise of bitcoin has been marked by huge bouts of volatility. There was an 85% correction in January 2015 and a few others over 60%, including a colossal 93% decline in 2011.

However, with each of these adjustments, the network (measured by number of portfolios) continued to expand rapidly. As some speculators saw their value diminished, new margin investors saw value and became buyers.

Abnormal levels of volatility are actually what helped the bitcoin network grow to 23 million users.

Hey, maybe we just need some price volatility in muttcoin to attract new users …

All Eyes on United Trade Club

The world is witnessing a phase of constant change in the economic representation of what money looks like.

Just as in the past, when value objects were used as a medium of exchange and then coins appeared and now fiscal accounts, the economic market is taking an irreversible turn towards cryptocurrency and the truth remains that whether you buy sooner or later, you should changed with the changing times.

The situation that every capitalist tries to avoid is having ordinary people who have as much control over their own finances as they do the capitalists. The first step to getting rich is to have control over your finances, which leads to making financial decisions that will increase your money by investing wisely.

UNITED TRADE CLUB is a conglomerate created with the main goal of making the benefits of the three main financial markets accessible to everyone; ensuring that people make real investment decisions for the first time that will benefit them, powered entirely by cryptocurrency. The combined trading club, with an army of experts who have spent years studying blockchain and the cryptocurrency market, has come up with a trading and profit initiative called TRADE-o-BOT. Trade-O-Bot is an automated robot trading system that is expertly designed to trade in the three major financial markets simultaneously for the greatest profit for investors, along with a team of trained professionals.

The United Trade Club was created for people who want financial freedom, enlightenment and knowledge of the new trend in the economic market compared to the crypto market. The user-friendly interface, affordable packages, the added benefits of being a user and the even more tempting bonuses of being a partner combine to ensure that everyone who becomes a part of it wins at the highest level and also learns beyond what any layman could know about the financial market.

United Trade Club is the best thing that can happen to cryptocurrency users and those who make transactions or even just save cryptocurrency because they trade for you and can make extra profits from just being a partner and to recommend others.

The team of professionals, consisting of experienced Blockchain developers who maintain the system at the top of the chain, businessmen, marketers, psychologists who are aware of the best way to transfer knowledge of complex Blockchain technology and a team of lawyers – All contribute for the safety and effectiveness of the platform and the activities involved.

Upgrades are constantly being introduced to keep up with the evolving technology of the blockchain platform and more research, away from any other team of experts.

United Trade Club accepts every entrepreneur, guerrilla, civil servant and worker interested in the financial market.

With all its steps, United Trade Club is the future of cryptocurrency-backed trading.

Are you planning to trade Monero cryptocurrency? Here are the basics to get you started

One of the basic rules of blockchain technology is to provide users with unwavering privacy. Bitcoin, as the first decentralized cryptocurrency, relied on this premise to offer itself to a wider audience, which then needed a virtual currency free from government intervention.

Unfortunately, along the way, bitcoin proved to be fraught with several weaknesses, including immutability and variable blockchain. All transactions and addresses are recorded in the blockchain, thus making it easier for everyone to connect the points and reveal users’ personal data based on their existing records. Some governmental and non-governmental agencies already use blockchain analytics to read data on the bitcoin platform.

Such shortcomings have led developers to look for alternative blockchain technologies with improved security and speed. One of these projects is Monero, usually represented by an XMR ticker.

What is Monero?

Monero is a privacy-oriented cryptocurrency project whose main goal is to provide better privacy than other blockchain ecosystems. This technology protects users’ information through hidden addresses and ring signatures.

Stealth address refers to the creation of a single address for a stand-alone transaction. Two addresses cannot be attached to one transaction. The received coins go to a completely different address, which makes the whole process unclear to an outside observer.

A ring signature, on the other hand, refers to mixing account keys with public keys, thus creating a “ring” of multiple signatories. This means that the monitoring agent cannot associate a signature with a specific account. Unlike cryptography (a mathematical method for securing crypto projects), a signature ring is not a new child in the block. Its principles have been studied and recorded in a 2001 paper by the Weizmann Institute and the Massachusetts Institute of Technology.

Cryptography has certainly won the hearts of many blockchain developers and fans, but the truth is that it is still a nascent tool with several applications. As Monero uses the already proven technology to sign the Ring, it has stood out as a legitimate project that is worth embracing.

Things you need to know before you start trading Monero

Monero’s market

Monero’s market is similar to that of other cryptocurrencies. If you want to buy it, then Kraken, Poloniex and Bitfinex are some of the exchanges you should visit. Poloniex was the first to adopt it, followed by Bitfinex and finally Kraken.

This virtual currency mostly seems to be pegged to the dollar or to other cryptocurrencies. Some of the available pairs include XMR / USD, XMR / BTC, XMR / EUR, XMR / XBT and many more. The volume of trade and liquidity of this currency are very good statistics.

One of the good things about XMR is that anyone can participate in its digging either as an individual or by joining a digging pool. Any computer with significantly good computing power can dig Monero blocks with a few hiccups. Don’t worry about choosing ASICS (application-specific integrated circuits), which are currently required for bitcoin mining.

Price volatility

Although it is a great network for cryptocurrencies, it is not so special when it comes to volatility. Virtually all altcoins are extremely unstable. This should not worry every avid trader, as this factor is what makes them profitable in the first place – buy when prices are falling, and sell when they are on an uptrend.

In January 2015, XMR was for $ 0.25, then did a little jogging to $ 60 in May 2017 and is currently moving above the $ 300 mark. The Monero coin recorded its ATH (all-time high) of $ 475 on January 7, before declining along with other cryptocurrencies to $ 300. At the time of writing, almost all decentralized currencies are in a price adjustment phase, with bitcoin swinging between $ 10-11k from its glorious $ 19,000 ATH.

Interchangeability and acceptance

Thanks to its ability to offer reliable privacy, XMR has been adopted by many people, making its coins easily replaced by other currencies. Simply put, Monero can be easily traded for something else.

All bitcoins in the Bitcoin Blockchain are recorded and therefore, when an incident such as theft occurs, any coin involved will be avoided from work, making them irreplaceable. With monero you can’t tell one coin from another. Therefore, no seller can reject any of them because it is related to a bad accident.

Monero blockchain is currently one of the most current cryptocurrencies with a significant number of followers. Like most other blockchain projects, his future looks great, despite the impending government crackdown. As an investor, you need to do your due diligence and research before trading any cryptocurrency. When possible, seek help from financial experts to get you on the right track.

How to understand bitcoin?

A guide on how to understand bitcoin and cryptocurrency?

Although bitcoin is one of the most searched terms (according to Google), it is a very technical topic for many people and can become too technical for non-maniacs. But now there are hundreds of cryptocurrencies, and more and more people are starting to want to know how they work, probably driven by bankers’ distrust, which is a very different discussion.

It is difficult to get an explanation from a layman without having to use technical terms such as ‘secret keys’, ‘digital keys’, ‘digital wallet’ and ‘cryptocurrency’, so I will do my best to keep things as clear as possible. I can.

The concept of fiat money, ie. paper currency is formulated to make it easier for people to exchange goods or services to replace barter, as this would be limited to exchanges between two willing parties at best, as long as money allows you to provide your service or goods, then buy any service or goods you want from another or others.

That is why I would argue that bitcoin is the 21st century, equivalent to barter, as it works as an exchange of goods or services directly between two willing countries. Barter had to be based on every promise and trust to secure and deliver the promised goods or services.

Today, with bitcoin or another cryptocurrency, each country will need a unique file or a unique key to exchange the agreed value with each other.

Having a unique key or file makes it easier to keep track of each transaction. However, this also comes with problems.

Now, barter is a simple exchange of skills or goods, as I said, the modern equivalent, or bitcoin is prone to security breaches, ie. stealing or hacking files, this is where the “cryptocurrency wallet” enters the equation to protect your transactions.

In general, you need a secure location for cryptocurrency / bitcoin purchases and holdings. Hence the need for a hardware portfolio.

So now that you’ve saved / saved which address contains which amount of bitcoins and then updated each time a transaction is made, the file is known as “The blockchain” – and stores a record of all bitcoin transactions.

The next problem is to ensure that our files remain unique.

I will deal with this in my next article.

Multi-layered cryptocurrency

Questions have arisen as to whether bitcoin is becoming a multi-layered system. Well, the answer is yes. This article seeks to outline the different layers on which bitcoin rests. Everything is yours!

Have you heard of those who call bitcoin digital gold? It is clear that cryptocurrency is rapidly gaining popularity and acceptance in the crypto world. The value of the coin is expected to increase. But it is also noted that the coin can win or lose 50% of its value overnight. This has sparked speculation among investors, but the coin is still “digital gold”. And when asked if bitcoin is a multi-layered system, it should be noted that bitcoin exists in two main layers. These are extraction and semantic layers.

The mining layer

This is the layer in which the coin is created. In addition to bitcoins, ether is created in this layer. After the coins are created, the valid bitcoin blocks are transferred to the book. Here the currency generation is completed. It should be noted that the currency is generated by transactions contained in the bitcoin blocks. Blocks are known as transaction fees. Currency can also be generated by the network itself, or you can say “out of nowhere”. The main advantage of generating currency from the network is that it provides incentives for miners.

The semantic layer

This provides a very important platform. The semantic layer is the layer in which bitcoins are used as a means of payment. It also provides a platform for bitcoins to be used as value storage. The layer looks very important, doesn’t it? Bitcoin currency holders sign valid transactions that signal the start of bitcoin transfers between nodes in the semantic layer. Transfer can also be made possible by creating smart contracts. Smart contracts transfer coins between different accounts.

The lightning net

You probably haven’t heard of the lightning network. This is the latest invention introduced by the bitcoin community. This layer will be able to work on bitcoin. With this invention, there will be an application layer that is on bitcoin. It will be so exciting. The most interesting aspect is that its value can also be used to make payments. This will be possible by transferring its value between people. With the invention of the lightning network, bitcoin will become a transport layer as well as an applied layer.

To date, the value of bitcoin is estimated at about $ 9 billion. Bitcoin is also known to be a decentralized cryptocurrency. This means that it works without the control of a bank or administrator. Bitcoin is certainly taking over the crypto world.

It is also important that the technology used during bitcoin mining is called blockchain technology. It works by allowing digital information to be disseminated, not copied. Crypts are a really exciting topic and in the near future bitcoins may overtake our main currencies.

That’s why the cryptocurrency Dash shames bitcoin

Cryptocurrencies are in vogue right now.

Everywhere you see titles with impressive thousands of percent earnings for “coins” like bitcoin. But what gives them value? When have you ever used bitcoin?

The truth is that it is not practical at the moment, mainly due to the time required to complete a transaction. But there are other coins that are emerging as viable candidates for the success of bitcoin as the number one cryptocurrency.

There is much to be learned about the intricacies of cryptocurrencies, but this article is more about finding an investment opportunity than explaining the science behind it.

Bitcoin balloon?

One thing that is important to know is the concept of “extraction”. This is the very basis of cryptocurrencies. This is how the new bitcoins are made.

Simply put, the “miner” solves a complex mathematical problem with special software and as a result is rewarded with new bitcoins. The transaction is then stored in the blockchain and these new bitcoins are officially in circulation.

As more bitcoins are in circulation, digging them becomes more complicated and time consuming and less profitable. So, although about 80% of possible bitcoins are currently in circulation, the latter will not be mined until 2140.

As most people already know, bitcoin has seen a giant rally this year. In fact, it has grown by about 1,200% in the last year, which makes many people think it’s in a bubble.

The total value of bitcoins in circulation is now over $ 150 billion. If bitcoin was a company, it would be in the top 50 largest in the United States.

Personally, I believe that the only reason bitcoin is so much more valuable than any other cryptocurrency is that it was the one that broke into mass flow for the first time. This is still important. At the very least, it gives other coin developers something to improve on.

The good thing is that even if you think you missed the bitcoin boat, there are many other cryptocurrencies. Of course, some are scams, but others have real potential.

One of those that I believe has real, practical uses is called Dash.

Dash: Digital Cash

First, Dash is ahead of the game in terms of convenience. Bitcoin transactions currently take an average of about 10 minutes to an hour. Dash is set to be the main cryptocurrency that can be transferred instantly (in less than a second) between countries, making it much more practical when it comes to buying things online or in a store.

One of the most attractive features of Dash is that 10% of the newly minted coins are given to Dash DAO (decentralized autonomous organization). Simply put, DAO is Dash’s treasure trove. At the current price of more than $ 600 per coin, that’s $ 4 million a month that he can use.

It is important to know that no other coin has this kind of continuous funding. With this money Dash DAO can develop and market the currency.

In addition, anyone can come up with an idea for a project to increase the value of Dash. The project was then voted on by thousands of Dash developers. An example would be partnering with stores to make Dash a viable transaction tool for their goods.

Of course, these developers make money from Dash, so anything that benefits and promotes the currency will be tempting.

This creates a circular effect in which the currency becomes more expensive because it is better financed and marketed, then DAO makes more money and is able to market Dash even more.

Breakthrough for Dash

So far, Dash can be used in over 300 physical stores and over 100 websites to purchase goods or services. But the breakthrough for him may come from the marijuana industry.

Currently, banks are not allowed to have anything to do with marijuana deals; everything has to be done in cash. Vendors can’t even invest money from their sales in a bank.

This not only carries the risk of being robbed, but these companies also have to pay for the storage and transportation of cash. This accumulates quickly.

The possibility of using Dash would be huge for these providers. That would also mean great things for the price of Dash.

The good news is that progress has already begun. In April, Dash partnered with a digital payment system called Alt Thirty Six, which has partnered with some of the country’s leading dispensary management software companies.

These software companies track transactions for hundreds of dispensaries and delivery services. This means that Dash users already have hundreds of ways to use the currency.

Since Dash officially became a payment method for Alt Thirty Six on October 11, its price has risen by 118%. This is only after a month and a half.

Just the beginning

With a market capitalization of just $ 4.8 billion compared to $ 156 billion on bitcoin, I believe Dash still has plenty of room to climb.

The marijuana industry is just the beginning for Dash, but it’s great. In 2016, legal sales were about $ 7 billion. Another $ 46 billion was sold on the black market.

And as more stores open and marijuana becomes legal in more states, that legal number is expected to be $ 23 billion by 2021 and $ 50 billion by 2026.

Again, this is just the beginning for Dash. Its unique instant transaction feature makes it a viable alternative to cash, giving it an edge over other cryptocurrencies such as bitcoin.

Beginner’s Guide: An Introduction to Cryptocurrencies

Introduction: Invest in cryptocurrencies

The first cryptocurrency to emerge was bitcoin, which was built on Blockchain technology and was probably launched in 2009 by the mysterious man Satoshi Nakamoto. At the time of writing, 17 million bitcoins have been mined and it is estimated that a total of 21 million bitcoins can be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and Bitcoin hard forks such as Bitcoin Cash and Bitcoin Gold.

Consumers are advised not to invest all their money in one cryptocurrency and to try to avoid investing in the peak of the cryptocurrency bubble. It has been noticed that the price has suddenly dropped when it is on top of the crypto bubble. Because cryptocurrency is a volatile market, consumers must invest the amount they can afford to lose, as no government has control over cryptocurrency, as it is a decentralized cryptocurrency.

Steve Wozniak, co-founder of Apple, predicts that bitcoin is real gold and will dominate all currencies such as USD, EUR, INR and ASD in the future and will become a global currency in the coming years.

Why and why not invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to appear, and then about 1,600+ cryptocurrencies were released with some unique feature for each coin.

Some of the reasons I have experienced and would like to share are that cryptocurrencies are created on a decentralized platform – so users do not require a third party to transfer cryptocurrency from one destination to another, unlike fiat currency, where the user needs a platform such as Bank to transfer money from one account to another. Cryptocurrency built on very secure blockchain technology and almost zero chance of hacking and stealing your cryptocurrencies until you share your critical information.

You should always avoid buying cryptocurrencies at the highest point of a cryptocurrency bubble. Many of us buy cryptocurrencies at the top in the hopes of making quick money and falling victim to the noise of the bubble and losing money. It is better for consumers to do a lot of research before investing money. It is always a good idea to put your money in several cryptocurrencies instead of one, as it has been observed that few cryptocurrencies grow more, some on average if other cryptocurrencies go into the red zone.

Cryptocurrencies for focusing

In 2014, bitcoin held 90% of the market and the remaining 10% of cryptocurrencies. In 2017, bitcoin still dominates the crypto market, but its share fell sharply from 90% to 38%, and altcoins such as Litecoin, Ethereum, Ripple grew rapidly and took over most of the market.

Bitcoin still dominates the cryptocurrency market, but it is not the only cryptocurrency you should keep in mind when investing in cryptocurrency. Some of the main cryptocurrencies to keep in mind:

bitcoin

Litecoin

pulsation

Ethereum

Throne

Civic

Great

Money

Where and how to buy cryptocurrencies?

While a few years ago it was not easy to buy cryptocurrencies, now consumers have many platforms available.

In 2015, India has two major bitcoin platforms, the Unocoin wallet and the Zebpay wallet, where consumers can buy and sell only bitcoin. Consumers should buy bitcoin only from a wallet, but not from another person. There was a price difference in the buying and selling rate and consumers had to pay some nominal fee to complete their transactions.

In 2017, the cryptocurrency industry grew tremendously and the price of bitcoin rose spontaneously, especially in the last six months of 2017, which forced consumers to look for alternatives to bitcoin and passed 14 lakhs on the Indian market.

Because Unodax and Zebpay are the two main platforms in India that dominated the market with 90% of the market share – which dealt only with bitcoin. This allows another organization to grow with other altcoins and even forces Unocoin and others to add more currencies to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies in addition to bitcoin trading at Unocoin. The difference between the two platforms was – Unocion provided immediate purchase and sale of bitcoins only, while in UnoDAX users can order any available cryptocurrency and if it matches the recipient, the order will be executed.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users must open an account in any of the exchanges by registering with an email ID and submitting KYC data. Once their account is verified, one can start trading coins of their choice.

Consumers need to research well before investing in any coins and not fall into the trap of a cryptocurrency bubble. Consumers need to research the reliability of the exchange, transparency, security features and much more.

All exchanges charge a nominal fee for each transaction. There are two types of fees – manufacturer’s fee and taker fee. In addition to the transaction fee, you must pay the transfer fee if you want to transfer your cryptocurrencies to another exchange or your personal wallet. Fees depend only on coins and exchanges, as different exchanges have a modulus of difference in the price of transferring coins.

Basic altcoins other than bitcoin

As mentioned above, bitcoin dominates the market with 38% market share, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Stock exchanges such as UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins such as Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many others. If one of the coins matches your portfolio, then you should buy it.

But you have to put the money in the market that you can afford to lose, because the cryptocurrency market is very volatile and no government has control over it.

When to buy?

There is no strict rule when to buy your favorite cryptocurrency. But market stability needs to be examined. You should not, except at the peak of the cryptocurrency bubble or when the price is constantly falling. The best time is always considered when the price is stable at a relatively low level for some time.

Cryptocurrency storage method

Before you buy a cryptocurrency, you need to understand how to keep your cryptocurrency safe.

In general, all exchanges provide storage space where you can store your coins safely. One does not have to share their user data, password, 2FA when holding cryptocurrency exchanges.

Paper wallet, hardware wallet, software wallet are some of the channels where one can store his cryptocurrency.

Paper Wallet: The paper wallet is an offline cold storage method for storing your cryptocurrency. It prints your private and public key on a piece of paper where the QR code is also printed. One simply has to scan the QR code for one’s future transactions. Why is it safe? No need to worry about hacking your account or attacking malware. You just need to keep your piece of paper in a safe place in a locker and if possible keep two to three paper wallets under full control.

Hardware Wallet: A hardware wallet is a physical device where you store cryptocurrency securely. There are many forms of hardware wallet, but the most commonly used hardware wallet is USB. When keeping your cryptocurrency in a hardware wallet, you just have to keep in mind that you should not lose your hardware wallet, because once it is lost, you cannot retrieve your cryptocurrency.

A notorious incident in which a man dug 7000+ bitcoins and stored them in his hardware wallet and stored it with another hardware wallet. One day he threw away the hardware wallet in which he kept his cryptocurrency instead of damaged hardware and lost all his bitcoins.

What can be bought from cryptocurrencies in India?

Most people accept that buying and selling all kinds of cryptocurrencies is just an investment and getting a high return in the long and short term. Influential people and bitcoin investors believe that in the coming years bitcoin will dominate all fiat currencies and will be adopted as an international currency.

Dell is one of the largest e-commerce businesses that accept bitcoins as payment. Expedia and UNICEF are other examples.

In India, Sapna Book Mall accepted bitcoins as payment using the Unocoin merchant service. People booked movie tickets through BookMyShow or recharged their mobile phones using the Unocoin platform. According to the report, they have stopped the service, but plan to start again in the near future.

conclusion:

Cryptocurrency is one of the developing investment sectors and has given good returns on real estate, gold, stock markets, etc. in the past. You can buy cryptocurrency and keep it in the long run to get a good return or go in the short term for quick profits, as we have seen the growth of many coins at 1000% + in the past. Because cryptocurrency is an unstable market and there is no government control over the industry. One must invest the amount in any cryptocurrency that one can afford to lose.

You can store your cryptocurrency in a hardware wallet, paper wallet, software wallet if you do not want to keep in the exchange where you trade.