The Future of Cryptocurrency

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 appreciates 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.

Bottom row

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 …

In 2008, following the financial crisis, a document entitled “Bitcoin: Peer-to-Peer Electronic Cash System” was published, detailing the concepts of a payment system. Bitcoin was born. Bitcoin has attracted the world’s attention with the use of blockchain technology and as an alternative to fiat currencies and commodities. Named the next best technology after the Internet, blockchain offers solutions to problems we have not been able to address or ignore in the last few decades. I will not delve into the technical aspect of this, but here are some articles and videos that I recommend:

How bitcoin works under the hood

Gentle introduction to blockchain technology

Have you ever wondered how bitcoin (and other cryptocurrencies) actually work?

Shortly before today, on February 5, the Chinese authorities have just introduced a new set of regulations banning cryptocurrency. The Chinese government did so last year, but many have been bypassed through currency exchanges. He has now used China’s all-powerful Great Wall of Defense to block access to foreign exchanges in an attempt to prevent its citizens from making any cryptocurrency transactions.

To learn more about the Chinese government’s position, let’s go back a few years to 2013, when bitcoin was gaining popularity among Chinese citizens and prices were rising. Concerned about price volatility and speculation, the People’s Bank of China and five other government ministries issued an official statement in December 2013 entitled “Bitcoin Financial Risk Prevention Notice” (link in Mandarin). Several points were highlighted:

1. Due to various factors such as limited supply, anonymity and the lack of a centralized issuer, bitcoin is not an official currency but a virtual commodity that cannot be used on the open market.

2. Not all banks and financial institutions have the right to offer bitcoin-related financial services or engage in bitcoin-related trading.

3. All companies and websites that offer bitcoin-related services must register with the necessary government ministries.

4. Due to the anonymity and cross-border characteristics of bitcoin, organizations providing bitcoin-related services should implement preventive measures such as KYC to prevent money laundering. Any suspicious activity, including fraud, gambling and money laundering, must be reported to the authorities.

5. Organizations providing bitcoin services should educate the public about bitcoin and the technology behind it and not mislead the public.

To ordinary people, bitcoin is categorized as a virtual commodity (such as in-game credits) that can be bought or sold in its original form and not be exchanged for fiat currency. It cannot be defined as money – something that serves as a medium of exchange, an accounting unit and a means of storing value.

Although the notice is from 2013, it is still relevant to the Chinese government’s position on bitcoin and, as mentioned, there is no indication of a ban on bitcoin and cryptocurrency. Rather, regulation and education about bitcoin and blockchain will play a role in the Chinese crypto market.

A similar notice was issued in January 2017, reiterating that bitcoin is a virtual commodity, not a currency. In September 2017, the initial coin offering (ICO) boom led to the publication of a separate notice entitled “Notice on the prevention of financial risk from issued tokens”. Soon after, ICOs were banned and Chinese stock exchanges were investigated and eventually closed. (Back date is 20/20, they made the right decision to ban ICO and stop pointless gambling). Another blow was dealt to the cryptocurrency community in China in January 2018, when digging operations faced severe repression, citing excessive electricity consumption.

Although there is no official explanation for the crackdown on cryptocurrencies, capital controls, illegal activities and the protection of citizens from financial risk are some of the main reasons cited by experts. In fact, Chinese regulators have introduced tighter controls, such as a cap on foreign withdrawals and regulation of foreign direct investment, to curb capital outflows and ensure domestic investment. The anonymity and ease of cross-border transactions have also made cryptocurrency a favorite tool for money laundering and fraud.

Since 2011, China has played a crucial role in the rapid rise and fall of bitcoin. At its peak, China accounted for more than 95% of global bitcoin trade and three-quarters of mining operations. With regulators intervening to control trade and production, China’s dominance has shrunk significantly in exchange for stability.

As countries like Korea and India follow suit, repression is now being cast on the future of cryptocurrency. (I will repeat my opinion here: countries regulate cryptocurrency, not ban it). No doubt we will see more nations join in the coming months to take over the turbulent crypto market. Indeed, an order was long overdue. In the last year, cryptocurrencies have experienced unprecedented price volatility and ICOs are happening literally every other day. In 2017, the total market capitalization rose from $ 18 billion in January to a record high of $ 828 billion.

However, the Chinese community is in a surprisingly good mood despite the repression. Online and offline communities are thriving (I have personally attended many events and visited some of the companies) and blockchain startups are springing up all over China.

Large blockchain companies such as NEO, QTUM and VeChain are attracting a lot of attention in the country. Startup companies such as Nebulas, High Performance Blockchain (HPB) and Bibox are also gaining in popularity. Even giants like Alibaba and Tencent are also exploring the possibilities of blockchain to improve their platform. The list goes on and on, but you understand me; will be HUGGEE!

The Chinese government has also embraced blockchain technology and has stepped up efforts in recent years to support the creation of a blockchain ecosystem.

In China’s 13th Five-Year Plan (2016-2020), he called for the development of promising technologies, including blockchain and artificial intelligence. He also plans to step up research into the application of fintech in regulation, cloud computing and big data. Even the People’s Bank of China is also testing a prototype digital currency based on blockchain; however, as digital currency is likely to be centralized with some encryption technology, its acceptance by Chinese citizens remains to be seen.

The launch of the Trusted Blockchain Open Lab, as well as the Blockchain Technology and Industry Development Forum in China by the Ministry of Industry and Information Technology, are some of the other Chinese government initiatives to support blockchain development in China.

A recent report entitled “China Blockchain Development Report 2018” from the China Blockchain Research Center details the development of the blockchain industry in China in 2017, including the various measures taken to regulate cryptocurrency in the mainland. part. In a separate section, the report highlighted the optimistic outlook of the blockchain industry and the huge attention it received from the VC and the Chinese government in 2017.

In summary, the Chinese government has shown a positive attitude towards blockchain technology despite its application to cryptocurrencies and mining operations. China wants to control the cryptocurrency and China will gain control. Repeated regulations by regulators were aimed at protecting their citizens from the financial risk of cryptocurrencies and limiting capital outflows. For now, it is legal for Chinese citizens to own cryptocurrencies, but they are not allowed to make any form of transaction; hence the ban on exchange. As the market stabilizes in the coming months (or years), we will undoubtedly see a revival of the Chinese crypto market. Blockchain and cryptocurrency go hand in hand (except for the private chain, where the token is not needed). In this way, countries cannot ban cryptocurrency without banning blockchain great technology!

One thing we can all agree on is that the blockchain is still in its infancy. Many exciting developments await us and right now is definitely the best time to lay the foundations of a world of activated blockchain.

Last but not least, HODL!

What is ICO: Not so long ago, bitcoin went through a process of emergence and promises of a potential future, although it is interpreted and understood as an absurd step towards the digital currency. In the years following the maturation of bitcoin, the cryptocurrency ecosystem detonated. Against the background of the aggravating rate of birth of newly issued coins, there is a type of transaction called “Initial Coin Offering” or ICO. ICO is a financial support tool that involves trading long-term cryptocurrencies in exchange for the expeditious value of current cryptocurrencies. According to The Financial Times, ICOs are not controlled by laws on the supply and distribution of cryptocurrencies, where investors can transfer money.

On the other hand, The Economist describes ICOs as digital tokens issued with unrooted distribution of logs and blockchains.

In conclusion, we can say that ICOs are the new hand catapult that makes way for nascent cryptocurrencies.

Laws: Smith + Crown explains that most ICOs sell software tokens that relate to the time before they were made available for purchase. To circumvent legal needs, the languages ​​most often used are “crowdsale” or “donation” instead of ICO.

Is there a chance that the ICO will be delayed: In this regard, Crypto Hustle writes in a recent article that the ICO hysteria is because of those people who took Ethereum first and are now interested in returns. So, it is impossible to predict whether the phases of the pursuit of pleasure will last long or not, but when the corrections come, we will see which cryptocurrencies remain in place.

If ICO is a safe purchase: If you take a risk and do not change the risk without paying attention to the end of capitalism or the fact that this very object can bury you in the ground without capital, then go ahead, yours is the call.

Having gathered information about the ICO, let’s get to the final question.

What is the future of ICO: According to a 2017 survey report, “about 46% of ICOs have not reached the implementation stage, although they have raised about $ 104 million.”

Reasons:

• Increased risk of investing in cryptocurrency.
• Draconian regulations.
• Heavy racing.
• Reduce returns.
• Unstable nature of cryptocurrency.

China has banned the ICO, and Russia has brought to light a completely different set of ICO rules and regulations with the promise that investors can sell their tokens back. ICO promotions on Google and Facebook are difficult, and Twitter has deliberately banned fraudulent crypto accounts. Senior officials believe the blockchain has a living future, but the ICO? His future is rotting in his own skin from struggling to cross that extra bridge to prove his worth.

So yes. The death of the ICO is indeed looming in the air, and before we know it, it may merge and disappear as if it never existed in the economy. But there are still some coins that could become the next bitcoins, so you should be on the lookout for the best ICOs.

Welcome to the “crypto” world!

– Blockchain technology domain

– Cryptocurrency market

– Closet with bitcoin payment system.

So here’s the trend, or you can call it a “digital currency world” with a great move up the game.

If you avoid bitcoin and cryptocurrency today, then tomorrow you will fall into a bad ditch. In fact, the present and future of the currency does not know how to stop the steps. From its inception until today, it has grown and helped many people around the world.

Whether it’s a blockchain for recording transactions or a bitcoin system for processing the entire payment structure or an Erc20 token wallet for defining rules and Ethereum token policies – everything goes hand in hand with the new beam of currency in the world .

Sounds great, right?

Moreover, with the advent of such a successful currency regime, many companies love to be part of this game. In fact, it’s all about helping businesses or organizations get Blockchain technology or cryptocurrency without any problems through a trusted Blockchain development company. With a lot of knowledge and potential, these companies are developing this currency and playing a vital role in the digital economy.

Just for the nanoscond, let’s assume that the cryptocurrency will no longer exist, then what will happen?

Maybe time will counterattack your thought!

Originally launched by Satoshi Nakamoto, bitcoin was the colonizer, and from that beginning an innovative digital currency with a range of good things developed.

So, the question arises – will the development of cryptocurrency or its cryptocurrency development company disappear or remain until the end?

In fact, it is not possible to predict the future, but we can say that the cryptocurrency either Erc20, or Blockchain, or the bitcoin portfolio development company will be there with the same sense of enthusiasm and passion to help business verticals and organizations.

John Donahu, a former CEO of eBay, said: “Digital currency will be a very powerful thing.”

And it turns out to be very accurate as time goes on.

In fact, he has some valid reasons behind the success of this concept.

Proof of fraud:

A blockchain is linked to the cryptocurrency. So every transaction is recorded in this public book, avoiding any fraud. And all identities are encrypted to combat identity theft.

Erc20 takes care of all rules and protocols, so there are no violations of rules and orders. If you are in, then be sure to contact the Erc20 development company and develop it to meet the rules.

You are the sole owner:

No third party or other assistant or no electronic system to evaluate what you do. Only you and your client maintain an end-to-end experience. Isn’t that a great concept?

At the same time, the settlement is instantaneous and everything is between you and your provider without any other interference. At the end of the day, this is your call.

Easily accessible:

The Internet did everything at hand and at your fingertips. It plays an indispensable role in the digital currency market or the stock market. You will have a better option for exchanging currency instead of using traditional and time-consuming ways. And a great way to be enthusiastic about cryptocurrencies.

If you are a business owner and expect to welcome cryptocurrency into your area, always move forward with determination. Contact a trusted provider or develop a cryptocurrency exchange, discuss everything with all the cards open, and then hit the ball on the court.

When it comes to cryptocurrency trading, you need to speculate on whether the market you have chosen will increase or decrease in value. And the interesting thing is that you never own a digital asset. In fact, derivatives are traded such as CFDs. Let’s look at the benefits of cryptocurrency trading. Read on to learn more.

Volatility

Although cryptocurrency is a new market, it is quite volatile due to short-term speculative interest. The price of bitcoin fell to $ 5851 from $ 19,378 in 2018, in just one year. However, the value of other digital currencies is quite stable, which is good news.

What makes this world so exciting is the volatility of the value of cryptocurrency. Price movements offer many opportunities for traders. However, this also comes with a lot of risk. Therefore, if you decide to research the market, just make sure you do some research and devise a risk management strategy.

Work time

The market is usually open for 24/7 trading as it is not regulated by any government. In addition, transactions take place between buyers and sellers around the world. There may be short interruptions when infrastructure updates are performed.

Improved liquidity

Liquidity refers to how quickly a digital currency can be sold for money. This feature is important because it allows for faster transaction times, better accuracy, and better pricing. In general, the market is a bit liquid, as financial transactions take place on different exchanges. Therefore, small deals can lead to big changes in prices.

Leverage exposure

Because CFD trading is considered a leverage product, you can open a position on what we call a “margin”. In this case, the value of the deposit is part of the value of the transaction. So you can enjoy great exposure in the market without investing a lot of money.

The loss or gain will reflect the value of the position at the time of its closure. Therefore, if you trade at a margin, you can make huge profits by investing a small amount of money. However, it also increases the losses that may exceed your deposit on the transaction. Therefore, be sure to consider the total value of the position before investing in CFDs.

It is also important to make sure that you follow a solid risk management strategy, which should include appropriate limits and suspensions.

Quick account opening

If you want to buy cryptocurrencies, make sure you do it through an exchange. All you have to do is register for an exchange account and keep the currency in your wallet. Keep in mind that this process can be restrictive and time consuming. However, once the account is created, the rest of the process will be fairly smooth and hassle-free.

In short, these are some of the most prominent advantages of cryptocurrency trading here and now. We hope you find this article very useful.

The future of cryptocurrencies

When you look at the cryptography-based currency market, it will look exciting, disturbing and mysterious at the same time. The pioneer, Bitcoin, has gained immense popularity in the last few years. The currency no doubt fell sharply, but regained its position. In addition, ICOs for new cryptographic-based currencies are emerging rapidly.

A lot of money is invested in the bitcoin industry

We can not ignore the fact that a huge amount of money is invested in the domain. But financial experts say the whole future looks a little skeptical. The future of cryptocurrency is based more on forecasts of technological trends and speculation. There are some cryptocurrency defenders who see a bright future, while others warn people about the future of cryptocurrency.

Replacement of national currencies by 2030

Some of the leading futurists believe that cryptocurrency will remain and govern the financial market. Cryptocurrencies are projected to replace national currencies by almost 25% by 2030. Cryptocurrency-based currencies are considered more efficient, especially because of the way they work. Therefore, the replacement of national currencies will not be a big deal.

In 2009, when bitcoin was introduced, it showed great potential and was successful. Within a year, it prospered and continued to grow, making it a legal currency and an asset in several nations. In the last few years, several other cryptocurrencies have emerged and their popularity has led to the legitimation of the new asset or currency, in addition to conventional currencies operating in the global financial economy.

We cannot deny the fact that there will be money that will be lost in the cryptocurrency economy. But it is also believed that there is a great opportunity to generate profitable income.

You can’t expect cryptographic-based currencies to function like cash

Cryptocurrencies operate on blockchain technology and are not tied to any centralized body, unlike traditional currencies. Some experts often call it the blockchain economy. The IRS considers cryptocurrency as property rather than actual currency. It would not be wrong to say that bitcoin is more or less similar to selling real estate.

When you sell your bitcoin, you pass the discrete digital information to someone else. There are several Visa companies that have already facilitated the use of cryptocurrencies for regular transactions. But cryptocurrency is still something that needs to maintain a strong position in the mainstream economy.

In the first issue of CRYPTO TREND, we introduced cryptocurrency (CC) and answered a few questions about this new market space. There is a lot of NEWS in this market every day. Here are some highlights that give us an idea of ​​how new and exciting this market space is:

The world’s largest futures exchange to create a futures contract for bitcoin

Terry Duffy, president of the Chicago Board of Trade (CME), said: “I think sometime in the second week of December you will see our [bitcoin futures] listing agreement. You can’t cut bitcoin today, so there’s only one way. Either you buy it or you sell it to someone else. So you create a two-way market, I think it’s always a lot more efficient. “

CME intends to release bitcoin futures by the end of the year pending regulatory review. If it succeeds, it will give investors a viable way to go “long” or “short” on bitcoin. Some exchange traders have also filed for bitcoin ETFs, which track bitcoin futures.

These developments have the potential to allow people to invest in cryptocurrency space without directly owning a CC or using the services of a CC exchange. Bitcoin futures could make the digital asset more useful by allowing consumers and intermediaries to hedge their currency risks. This can increase the acceptance of cryptocurrency by traders who want to accept bitcoin payments but are wary of its variable value. Institutional investors are also accustomed to trading in regulated futures that are not plagued by money laundering worries.

CME’s move also suggests that bitcoin has become too big to ignore, as the exchange seems to have ruled out crypto futures in the recent past. Bitcoin is almost everything that is talked about in brokerage and trading companies, which have suffered against the background of growing but unusually calm markets. If futures on an exchange rise, it would be almost impossible for any other exchange, such as CME, to catch up, as scale and liquidity are important in derivatives markets.

“You can’t ignore the fact that this is becoming more and more a story that will not go away,” Duffy said in an interview with CNBC. There are “major companies” that want access to bitcoin and there is a “huge hold back” from customers, he said. Duffy also believes that introducing institutional traders to the market could make bitcoin less volatile.

A Japanese village will use cryptocurrency to raise capital to revive the municipality

The Japanese village of Nishiawakura is exploring the idea of ​​conducting an initial coin offering (ICO) to raise capital to revive the municipality. This is a very new approach and they can ask for support from the national government or seek private investment. Several ICOs have had serious problems and many investors are skeptical that any new token will have value, especially if the ICO turns out to be another joke or scam. Bitcoin was definitely not a joke.

INITIAL OFFER OF COINS – (ICO)

We didn’t mention ICO in the first issue of Crypto Trend, so let’s mention it now. Unlike an initial public offering (IPO), in which a company has an actual product or service for sale and wants to buy shares from their company, an ICO can be conducted by anyone who wants to initiate a new Blockchain project with the intention of creating a new one. token on their chain. ICOs are unregulated and some of them are completely fake. However, the legal ICO can raise a lot of money to fund a new Blockchain project and network. It is typical for an ICO to generate a high token price near the beginning and then return to reality soon after. Because ICO is relatively easy to hold if you know the technology and have a few dollars, there were a lot and today we have about 800 tokens in play. All of these tokens have a name, they are all cryptocurrencies, and with the exception of very well-known tokens such as Bitcoin, Ethereum and Litecoin, they are called alt-coins. Currently, Crypto Trend does not recommend participating in the ICO, as the risks are extremely high.

As we said in issue 1, this market is the “wild west” at the moment and we recommend caution. Some investors and early adopters have made big profits in this market space; however, there are many who have lost much or all. Governments are considering regulations because they want to know about each transaction in order to tax them. They all have huge debts and are limited to money.

Until now, the cryptocurrency market has avoided many government and conventional banking financial problems and pitfalls, and Blockchain technology has the potential to solve many more problems.

A great feature of bitcoin is that the creators have chosen a finite number of coins that can ever be generated – 21 million – thus ensuring that this cryptocurrency can never be inflated. Governments can print as much money (fiat currency) as they want and inflate their currency to death.

Future articles will delve into specific recommendations, but make no mistake, early investing in this sector will only be for your most speculative capital, money you can afford to lose.

CRYPTO TREND will be your guide if and when you are ready to invest in this market space.

Stay on the line!

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 highly 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 invest 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 investors in bitcoin 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 growing 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 1000% + coins 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.

It has been more than a decade since cryptocurrency began to fascinate people on social media and especially on the Internet. Bitcoin managed to rank among the best cryptocurrencies today, no one knows the exact origin of the currency, but it appeared in mid-2008, associated with the Japanese pseudonym “Satoshi Nakamoto”.

So what exactly is this bitcoin currency and why it has managed to maintain its place in the financial markets. Well, the reasons listed below can give you an idea of ​​its popularity and proof of its continued safe future existence.

• Bitcoin is the first decentralized digital currency.

• Bitcoin is an independent free-floating currency that is neither owned by any government nor linked to another currency in order to influence the value of the economic indicators that govern the value of traditional currencies.

• With its growing popularity among the masses, it already enjoys an increased level of acceptance at all levels, for example, you can now buy things with bitcoin cryptocurrency directly and also trade them on various platforms such as CoinBase, Bitfinex, Bitstamp, Kraken, etc. . .

• All you need is a wallet and an internet connection to make a peer-to-peer bitcoin transfer.

• In most cases, transfers are instant.

• The convenience of making transactions over the Internet or your mobile phone with a few clicks.

• Your privacy is secure compared to other forms of online payments, where your vital information can be leaked and misused.

• While transferring money using conventional methods, you must pay fees depending on the volume of your transactions, and further, these transfers are subject to your specific regional and state regulations. While bitcoin cryptocurrency transactions do not require you to be bound by any government regulations and also do not pay large transaction fees.

• Because you are the only one who has access to your e-wallet, your coins are always safe with you and no one can steal your money. The process and transactions are transparent due to the shared public book, and anyone can check a transaction at any time from anywhere in the world using the Internet.

• Another advantage of having a Bitcoin cryptocurrency wallet is that your account cannot be frozen.

Given the growing popularity and acceptability of bitcoin cryptocurrency, we can safely assume that the future of bitcoin is not only safe but quite bright and this innovative method of payment is here to stay.