Here’s What You Should Know About Cryptocurrency

If you have invested in cryptocurrency, you know that it is most important to consider market conditions. As an investor, you should be aware of what is happening with different currencies and what other traders say about the future.

Therefore, if you want to make wise investment decisions, it is better to consider predictions about cryptocurrency. Fortunately, there are many sources on the web that allow you to research and find predictions. This can help you stay ahead of others in the market. Make sure you stay away from scammers and other schemes that claim to make you rich overnight. Below are some reliable sources of predictions that can help you achieve success as an investor.

TradingView

If you are looking for a reliable source of predictions, check out TradingView. This platform offers great charting tools that everyone can use. It doesn’t matter whether you are a beginner or an advanced user. This platform lets you know how different types of cryptocurrencies behave over time. So, you can predict their behavior down the road.

One of the main reasons this platform provides reliable predictions is that it has a huge community of experienced investors who are always ready to share their knowledge. In fact, 3.3 million active investors are part of this platform.

Finder.com

Finder is your ideal source if you want to get valuable insight into the future of cryptocurrency from diverse, reliable authorities. In fact, Finder regularly consults experts in finance and cryptocurrency and publishes their predictions for other investors.

In addition, the platform works with panelists from various industries, such as news, finance and technology. Based on discussions with these professionals, Finder can make accurate predictions.

Bitcoin Wolf

Bitcoin Wolf is another great platform that can provide accurate predictions about cryptocurrencies. By joining the chat room of this platform, you can chat with other experienced investors round the clock. Apart from this, you can benefit from other excellent features offered by the platform, such as real-time alerts, peer consultation center, technical analysis, etc.

This place is the best platform where you can talk about the future of this currency. And the great thing is that experts will give you a deeper insight into this world, and help you make informed decisions.

As far as investing in cryptocurrency is concerned, make sure you do your homework first. It’s a great idea to consider predictions so you can make the right decisions down the road. You should pay attention to what other experienced investors think about the future. Apart from this, you may want to seek the views of industry experts.

last thought

So, if you check out the sources above, you’ll be able to get an insight into the minds of other investors in the industry By doing this, you can make better decisions, which will make your business profitable. It is good to check predictions regularly.

As we expected, we have received many questions from readers since publishing Crypto Trends. In this edition we will give the most common answers.

What kind of changes are coming that could be game changers in the cryptocurrency sector?

One of the biggest changes that will affect the cryptocurrency world is an alternative method of block verification called Proof of Stake (PoS). We will try to keep this explanation at a fairly high level, but it is important to have a conceptual understanding of what the difference is and why it is a significant factor.

Note that the technology underlying digital currencies is called blockchain, and most current digital currencies use a validation protocol called Proof of Work (PoW).

With traditional payment methods, you have to trust a third party to settle your transaction, such as Visa, Interact, or a bank or a check clearing house. These trust companies are “centralized,” meaning they keep their own private ledger that stores the transaction history and balance of each account. They will show you the transaction and you must agree that it is correct, or start a dispute. Only the parties to the transaction see it.

With Bitcoin and most other digital currencies, ledgers are “decentralized,” meaning everyone in the network gets a copy, so no one has to trust a third party, such as a bank, because anyone can verify the information directly. This verification process is called “distributed consensus”.

PoW requires “work” to verify a new transaction to enter the blockchain. With cryptocurrencies, that validation is done by “minors,” who must solve complex algorithmic problems. As algorithmic problems become more complex, these “miners” need more expensive and more powerful computers to solve the problems ahead of everyone else. “Mining” computers are often specialized, usually using ASIC chips (Application Specific Integrated Circuits), which are more efficient and faster at solving these difficult puzzles.

Here is the process:

• Transactions are bundled together in a ‘block’.
• Miners verify that transactions within each block are valid by solving a hashing algorithm puzzle, known as a “proof of work problem”.
• The first miner to solve the block’s “proof of work problem” is rewarded with a small amount of cryptocurrency.
• Once verified, transactions are stored on public blockchains across the network.
• As the number of transactions and miners increases, so does the difficulty of solving the hashing problem.

While PoW has helped get blockchains and decentralized, trusted digital currencies off the ground, it has some real drawbacks, especially with the amount of time these miners are trying to solve the “proof of work problem” as quickly as possible. According to Digiconomist’s Bitcoin Energy Consumption Index, Bitcoin Miners are using more energy than 159 countries, including Ireland. As the price of each bitcoin increases, more miners try to solve problems, consuming more energy.

All this energy consumption just to validate transactions has inspired many in the field of digital currency to look for alternative methods of verifying blocks, and a prime candidate is a method called “Proof of Stake” (PoS).

PoS is still an algorithm, and the purpose is the same as proof of work, but the process to reach the goal is quite different. With PoS, there are no miners, but instead we have “validators”. PoS relies on the trust and knowledge that all the people who are validating transactions have skin in the game.

Thus, instead of using power to answer the PoW puzzle, a PoS validator is limited to validating the percentage of transactions that reflect his ownership stake. For example, a validator who owns 3% of the available ether can theoretically only validate 3% of the block.

In PoW, your probability of solving the proof of work problem depends on how much computing power you have. With PoS, it depends on how much cryptocurrency you have, the more stake you have, the more likely you are to solve the block. Instead of winning crypto coins, the winning verifier receives a transaction fee.

Validators enter their stake by ‘locking up’ a portion of their fund tokens. If they try to do something malicious against the network, such as creating an ‘illegal block’, their shares or security deposit will be confiscated. If they do their job and don’t breach the network, but don’t win the right to validate the block, they get their stake or deposit back.

If you understand the basic difference between PoW and PoS, that’s all you need to know. Only those who plan to become miners or validators need to understand all the ins and outs of these two validation methods. Most of the general public who wish to hold cryptocurrencies will simply buy them through an exchange and not participate in the actual mining or validation of block transactions.

Much of the crypto sector believes that for digital currencies to survive in the long term, digital tokens must move to a PoS model. At the time of writing this post, Ethereum is the second largest digital currency behind Bitcoin and their development team has been working on their PoS algorithm “Casper” for the past few years. It is expected that we will see Casper implemented in 2018, putting Ethereum ahead of all other major cryptocurrencies.

As we’ve seen before in this sector, major events like the successful implementation of Casper can send the price of Ethereum much higher. We will keep you updated on future issues of Crypto Trends.

Stay tuned!

Over the past few years, people have been talking a lot about cryptocurrencies. At first, this business seems scary but people start building confidence in it. You may have heard of Ether and Bitcoin. They are both cryptocurrencies and use blockchain technology for maximum security possible. Nowadays, these coins are available in different types. Let’s know more about it.

How can cryptocurrency help you?

As far as fraud is concerned, such currency cannot be counterfeited as it is in digital form and unlike credit cards cannot be reversed or forged.

Instant settlement

Buying real property involves third parties, such as lawyers and notaries. Thus, delays may occur and additional costs may occur. Bitcoin contracts, on the other hand, are designed and enforced to include or exclude third parties. Transactions are fast and can be settled instantly.

Low fees

Generally, there are no transaction fees if you want to exchange Bitcoin or any other currency. To verify a transaction, there are minors who are paid by the network. Although transaction fees are zero, most buyers or sellers hire third-party services like Coinbase to create and maintain their wallets. In case you don’t know, these services work similar to PayPal offering a web-based exchange system

identity theft

Your merchant gets your full credit line when you provide them with a credit card. This is true even if the transaction volume is very small. In fact, what happens is that credit cards work based on a “pull” system where the online store pulls the required amount from the account associated with the card. On the other hand, digital currency has a “push” method where the account holder sends the required amount without any additional information. So there is no chance of theft.

Everyone has access

According to statistics, about 2.2 billion people use the Internet but not all of them have access to traditional exchanges. So, they can use new form of payment method.

Decentralization

As far as decentralization is concerned, an international computer network called blockchain technology manages the Bitcoin database. In other words, the Bitcoin network is under administration, and has no central authority. In other words, the network works on a peer-to-peer based approach.

Acknowledgment

Since cryptocurrency is not subject to exchange rates, transaction charges or interest rates, you can use it internationally without any problems. So, you can save a lot of time and money. In other words, Bitcoin and other such currencies are recognized all over the world. You can rely on them.

So, if you are looking for ways to invest your extra money, you can consider investing in Bitcoin. You can either be a miner or an investor. However, be sure of what you are doing. Safety is not an issue but other things are important to keep in mind. Hopefully, you will find this article helpful.

Infliv aims to provide all crypto traders with greater profits without fees. It is the first complete exchange supporting multiple cryptocurrencies/tokens on a single platform.

Infliv is a company name that means information live = INFLIV. Cryptocurrency and Blockchain are the needs and demands of today, infliv Crypto Exchange Platform provides a user-friendly platform for new traders. It is a cryptocurrency exchange that enables users to trade multiple cryptocurrencies against BTC, ETH, USDT and the native token IFV.

We aim to provide our customers with a fast and secure trading experience in BTC, ETH, USDT and IFV trading options, Infliv prioritizes the security of funds and user information to enable 2FA using Google Authenticator, or a U2F security key for users. To protect the safety of funds, most system funds are stored in cold wallets and only approx. 0.5% of crypto assets are accessible in hot wallets for daily platform operations.

Rollout of features

We will roll out the platform in roughly the following order

• Spot trading

• Margin trading

• Future

• Anonymous instant exchange

Infliv will support trading pairs in the following coins

• btc

• ETH

• USDT

• IFV

All traders require a minimum charge in crypto trading, so we have no trading fees. Infliv is the world’s first subscription (subscription) based cryptocurrency exchange with unlimited trading with minimal monthly charges and revenue every month on your Infliv token stock.

Infliv is a world-class digital currency (Cryptocurrency) exchange, Infliv is the Initial Coin Offering (ICO) world’s only cryptocurrency exchange that allows you to trade with a monthly subscription, you don’t have to pay per trade on Infliv exchange, the digital currency revolution in the world. Infliv aims to provide all crypto traders with greater profits without fees. It is the first complete exchange supporting multiple cryptocurrencies/tokens on a single platform.

Problems and solutions

the problem

Trading fees are mostly only a small percentage or a fraction of a percentage, so most people don’t care about them. But when you’re a professional trader – or you want to be one, that means you pay a lot more in fees over time.

solution

To avoid this, INFLIV is introducing the world’s first subscription (membership)-based cryptocurrency trading platform that still allows trading for a full month without trading fees..Use IFV token for monthly subscription only – 0.02 ETH payment, 50% discount on subscription fee. Enjoy.

Token distribution details

Infliv Token (IFV) is an ERC20 token based on Ethereum blockchain technology. This technology brings scalability and security to users, while providing exclusive benefits to token holders such as revenue. Infliv token holders receive a 60% revenue to token ratio of total monthly subscription fees received on the Infliv exchange and pay monthly subscription fees using infliv tokens and receive a 50% discount on fees. Infliv (IFV) supports all Ethereum wallets.

Why should you buy Infliv tokens?

Infliv presents a solid investment opportunity for investors looking to build wealth over a period of time. This is not a get-rich-quick scheme or an overnight money-making opportunity. Investors who buy tokens and hold them for the long term will achieve exceptional results and return on their investment.

• Experienced management team with experience of running successful companies.

• All traders want minimum fees in trading. We have no trading fees.

• Infliv is currently the world’s first subscription-based cryptocurrency exchange.

• Token holders will be given exclusive benefits such as revenue. Infliv token holders receive a 60% revenue to token ratio of total monthly subscription fees received on the Infliv exchange and pay monthly subscription fees using infliv tokens and receive a 50% discount on fees.

• In the future (2019), Infliv will create a decentralized exchange, where IFV will be used as a core asset as well as consumed gas.

• 24 hour customer support. We have seen that cryptocurrency is the currency of the future and blockchain is the new invention of this century, so we are offering our customers a fast and safe trading experience in BTC, ETH, USDT and IFV trading options, Infliv funds and prioritizes user security Google Authenticator, or a U2F Information required to enable 2FA for users using security keys. To protect the safety of funds, most system funds are stored in cold wallets and only approx. 0.5% of crypto assets are accessible in hot wallets for daily platform operations.

Cryptocurrency has been around for quite some time now and there are multiple papers and articles on the basics of cryptocurrency. Cryptocurrencies have not only flourished but also opened up as a new and credible opportunity for investors. The crypto market is still young but mature enough to pour enough data to analyze and predict trends. Although it is considered to be the most volatile market and a huge gamble as an investment, it has now become predictable to a certain point and Bitcoin futures are proof of that. Many of the concepts of the stock market are now applied to the crypto market with some modifications and variations. This gives us another proof that many people are adopting the cryptocurrency market every day and currently more than 500 million investors are present in it. Although the crypto market has a total market cap of $286.14 billion which is about 1/65th of the stock market at the time of writing, the market’s potential for success is huge considering its age and the presence of already established financial markets. The reason behind this is nothing but the fact that people have started trusting the technology and products that support crypto. This means that crypto technology has proven itself and so much so that companies have agreed to keep their assets in the form of crypto coins or tokens. The concept of cryptocurrency became successful with the success of Bitcoin. Bitcoin, once the sole cryptocurrency, now contributes only 37.6% of the total cryptocurrency market. The reason is, the emergence of new cryptocurrencies and the success of projects supporting them. This does not indicate that Bitcoin has failed, in fact the market capitalization of Bitcoin has increased, rather it indicates that the crypto market as a whole has expanded.

These facts are enough to prove the success of cryptocurrencies and their markets. And in fact investing in the crypto market is now considered safe, to the extent that some invest for their retirement plans. So we need the next tools to analyze the crypto market. There are many such tools that enable you to analyze this market in a similar way providing metrics similar to the stock market. Including coin market cap, coin stalker, cryptos and investments. Even thought these metrics are simple, they provide important information about the crypto under consideration. For example, a high market cap indicates a strong project, a high 24-hour volume indicates high demand, and circulating supply indicates the total amount of crypto coins in circulation. Another important metric is the volatility of a crypto. Volatility is how much a crypto’s price fluctuates. The crypto market is considered to be extremely volatile, cashing out at a moment’s notice can make huge profits or pull your hair out. Thus what we are looking for is a crypto that is stable enough to make our calculated decisions. Coins like Bitcoin, Ethereum and Ethereum-Classic (not exclusively) are considered stable. Along with being stable, they need to be strong enough, so that they don’t become illegal or cease to exist in the market. These features make a crypto reliable, and most reliable cryptocurrencies are used as a form of liquidity.

As far as the crypto market is concerned, volatility comes in hand, but so does its most important property i.e. decentralization. The crypto market is decentralized, meaning that a price drop in one crypto does not mean a lower trend in any other crypto. Thus giving us an opportunity called mutual fund. This is the idea of ​​managing a portfolio of cryptocurrencies that you invest in The idea is to spread your investments across multiple cryptocurrencies to reduce the risk involved if a crypto bear run begins.

Similar to this concept is the concept of indices in the crypto market. Indices provide a standard point for the market as a whole. The idea is to pick the top currencies in the market and distribute the investment among them. This selected crypto currency changes if the index is dynamic in nature and only considers top currencies. For example, if a coin ‘X’ drops to the 11th position in the crypto market, the index considering the top 10 coins will no longer consider coin ‘X’, but will start considering coin ‘Y’ which replaced it. Some providers like cci30 and crypto20 have tokenized these crypto indices. While this may seem like a good idea to some, others are opposed as these tokens have some pre-requisites for investing such as a minimum investment amount. While others such as cryptos provide methods with currency components and an index value so that an investor can invest his desired amount and otherwise choose not to invest in a crypto included in an index. Thus, indices give you a choice to smooth out the volatility and reduce the risk involved.

Conclusion

The crypto market may seem risky at first sight and many may still be skeptical about its authenticity, but the maturity this market has achieved in a short period of its existence is astonishing and proof enough of its authenticity. One of the biggest concerns of investors is volatility, for which there was a solution in the form of indices.

When most people think of cryptocurrencies, they probably think of cryptic currencies. Few people seem to know what it is and for some reason everyone seems to be talking about it. This report will hopefully demystify all aspects of cryptocurrency so that by the time you finish reading you will have a better idea of ​​what it is and what it is.

You may or may not find that cryptocurrency is for you, but at least you’ll be able to speak with certainty and knowledge that others may not have.

There are many people who have already reached millionaire status by trading in cryptocurrencies. Obviously there is a lot of money in this brand new industry.

Cryptocurrencies are electronic currencies, short and simple. However, what is not so short and simple is exactly how it has value.

Cryptocurrency is a digitized, virtual, decentralized currency produced through the application of cryptography, which, according to the Merriam Webster dictionary, is “the computerized encoding and decoding of information”. Cryptography is the foundation that makes debit cards, computer banking and ecommerce systems possible.

Cryptocurrencies are not backed by banks; It is not supported by a government, but by a very complex system of algorithms. Cryptocurrencies are electricity encoded in complex strings of algorithms. What gives financial value is their complexity and their security from hackers. The way cryptocurrencies are created is very difficult to reproduce.

Cryptocurrency is directly known as fiat money. Fiat money is a currency that derives its value from government regulation or law. The dollar, yen and euro are all examples. Any currency defined as legal tender is fiat money.

Another part of what makes crypto currency valuable, unlike fiat money, is that, like commodities like silver and gold, it has a limited supply. Only 21,000,000 of these highly complex algorithms were created. None more less. It can’t be changed by printing more of it, like the government printing more money to pump the system without backing. Or a bank changes to a digital ledger, something the Federal Reserve will direct banks to adjust for inflation.

Cryptocurrency is a means of buying, selling and investing that completely avoids both government oversight and the banking system by tracking the movement of your money. In an unstable world economy, this system can become a stabilizing force.

Cryptocurrency also gives you a lot of anonymity. Unfortunately this can be misused by a criminal element using crypto currency for their own purposes just as regular money can be misused. However, it can also prevent the government from tracking your every purchase and invading your personal privacy.

Cryptocurrencies come in several forms. Bitcoin was the first and the standard from which all other cryptocurrencies pattern themselves. All are produced by precise alpha-numeric calculations from a complex coding tool. Some other cryptocurrencies are Litecoin, Namecoin, Peercoin, Dogecoin, and Worldcoin, to name a few. These are commonly called altcoins. The price of each is controlled by the supply of the particular cryptocurrency and the demand for that currency in the market.

The way cryptocurrencies have come into existence is quite impressive. Unlike gold, which has to be mined from the ground, cryptocurrency is an entry in a virtual ledger that is stored on computers around the world. These entries have to be ‘mined’ using mathematical algorithms. Individual users or, possibly, a group of users perform computational analysis to find specific series of data, called blocks. ‘Manira’ finds information that forms the correct pattern of cryptographic algorithms. At that time, it was applied to the series and they found a block. After matching the block equivalent data series algorithm, the data block is not encrypted. A miner is rewarded with a certain amount of cryptocurrency. As cryptocurrency becomes scarcer over time, reward amounts decrease. Adding to this, the complexity of the algorithm in searching for new blocks is also increased. Computationally, finding a matching series becomes difficult. Both of these situations combine to slow down the creation of cryptocurrencies. It simulates the difficulty and scarcity of mining a commodity like gold.

Now, anyone can be a miner. Bitcoin’s founders made the mining tool open source, so it’s free for anyone. However, the computers they use run 24 hours a day, seven days a week. Algorithms are very complex and the CPU is running at full tilt Many users have specialized computers designed specifically for cryptocurrency mining. Both users and specialized computers are called miners.

Miners (humans) also keep a ledger of transactions and act as auditors, to ensure that a coin is not counterfeited in any way. This protects the system from being hacked and running amok. They pay for this work by receiving new cryptocurrency every week that they maintain their operations. They keep their cryptocurrency in special files on their computers or other personal devices. These files are called wallets.

Let’s recap through some of the definitions we’ve learned:

• Cryptocurrency: electronic currency; Also called digital currency.

• Fiat money: any legal tender; Government backed, used in banking system.

• Bitcoin: The original and gold standard of cryptocurrencies.

• Altcoins: Other cryptocurrencies that are patterned from the same process as Bitcoin, but with slight differences in their coding.

• Miner: An individual or group of individuals who use their own resources (computers, electricity, space) to mine digital coins.

o Also a special computer specially designed to find new coins through computing series of algorithms.

• Wallet: A small file on your computer where you store your digital money.

Conceptualizing cryptocurrency systems in a nutshell:

• Electronic money.

• Coins are mined by individuals using their own resources to find them.

A stable, limited monetary system. For example, only 21,000,000 Bitcoins are ever produced.

• No government or bank is needed to implement it.

• The price is determined by the amount of coins available and used combined with the demand from the public to hold them.

• There are various forms of crypto currency, with Bitcoin being the first and foremost.

• Can bring great wealth, but, like any investment, there are risks.

Most people find the concept of cryptocurrency attractive. This is a new field that could be the next gold mine for many of them. If you find that cryptocurrency is something you want to learn more about then you’ve found the right report. However, I have barely touched the surface in this report. There is much more to cryptocurrency than what I have covered here.

Introduction: To invest in cryptocurrency

The first cryptocurrency that came into existence was Bitcoin which was built on blockchain technology and was probably launched in 2009 by a mysterious man named Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins have been mined and it is believed that a total of 21 million bitcoins can be mined. Other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin such as Bitcoin Cash and Bitcoin Gold.

It is advised to users not to put all the money in one cryptocurrency and try to avoid investing at the top of the cryptocurrency bubble. It has been observed that the price suddenly dropped during the peak of the crypto bubble. Since cryptocurrency is a volatile market users must invest the amount they can afford to lose as there is no government control over cryptocurrency as it is a decentralized cryptocurrency.

Steve Wozniak, co-founder of Apple has predicted that Bitcoin is the real gold and will dominate all currencies like USD, EUR, INR, and ASD in the future and become the global currency in the coming years.

Why and why not invest in cryptocurrency?

Bitcoin was the first cryptocurrency that came into existence and since then around 1600+ cryptocurrencies have been introduced with some unique features for each currency.

Some of the reasons I felt and wanted to share are that cryptocurrencies are built on decentralized platforms – so users don’t need a third party to transfer cryptocurrencies from one destination to another, unlike fiat currencies where a user needs to transfer money from one account to another. Bank-like platforms to Cryptocurrency is built on a very secure blockchain technology and the chances of your cryptocurrency being hacked and stolen is almost zero unless you share some of your important information.

You should always avoid buying cryptocurrencies at the high point of a cryptocurrency-bubble. Many of us buy cryptocurrencies at their peak hoping to make a quick buck and fall victim to the bubble scam and lose their money. It is better for users to do a lot of research before investing money. It is always better to keep your money in multiple cryptocurrencies rather than one as it has been observed that some cryptocurrencies grow more, some on average while other cryptocurrencies go into the red zone.

Cryptocurrencies to focus on

In 2014, Bitcoin occupied 90% of the market and cryptocurrencies occupied the remaining 10%. In 2017, Bitcoin still dominates the crypto market but its share has dropped from 90% to 38% and Altcoins like Litecoin, Ethereum, Ripple have grown rapidly and captured most of the market.

Bitcoin still dominates the cryptocurrency market but is not the only cryptocurrency that you need to consider when investing in cryptocurrency. Some of the main cryptocurrencies that you must consider are:

Bitcoin

Litecoin

ripple

Ethereum

Tron

citizen

the golem

remember

Where and how to buy cryptocurrency?

Although it was not easy to buy cryptocurrencies a few years back but now there are many platforms available to users.

In 2015, there are two major Bitcoin platforms in India Unocoin wallet and Zebpay wallet where users can only buy and sell Bitcoins. Users only need to buy bitcoins from the wallet and not from another person. There was a price difference between buying and selling rates and users had to pay some nominal fees 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 users to look for alternatives to Bitcoin and crossed 14 lakhs in the Indian market.

As Unodax and Zebpay were the two major platforms in India that were dominating the market with 90% market share – which only traded in Bitcoin. This gives other companies the opportunity to grow with other altcoins and even forces Unocoin and others to add more coins to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain company has launched UnoDAX exchange, an exclusive platform for its users to trade multiple cryptocurrencies in addition to Bitcoin trading on Unocoin. The difference between both the platforms was – Unocion was only offering instant buying and selling of Bitcoin whereas in UnoDAX, users can place an order for 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 have to open an account on any exchange by signing up with email ID and submitting KYC details. Once their account is verified, one can start trading the coins of their choice.

Before investing in any coin, users should do their research well and not fall into the cryptocurrency-bubble trap. Users must research the trustworthiness, transparency, security features and more of the exchange.

All exchanges charge some nominal fee on each transaction. There are two types of charges – maker fee and taker fee. Apart from transaction fees, one has to pay transfer fees, if you want to transfer your cryptocurrency to another exchange or to your personal wallet. Charges only depend on the coin and the exchange as different exchanges have different prices for transferring coins.

Major Altcoins Other Than Bitcoin

As mentioned above, Bitcoin is dominating the market with a 38% market share, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many more. If a coin matches your portfolio then you must buy it.

But, you must put the money in the market that you can lose because the cryptocurrency market is very volatile and there is no government control over it.

When to buy?

There are no hard and fast rules when to buy your favorite cryptocurrency. But market stability needs to be researched. You shouldn’t at the top of a cryptocurrency bubble or when prices are constantly crashing. The best time is always considered when the price is stable at a relatively low level for some time.

Cryptocurrency storage method

Before buying any cryptocurrency you must understand how to keep your cryptocurrency safe.

Generally, all exchanges offer storage facilities where you can keep your coins safely. No one will share their username, password, 2FA when you deposit cryptocurrency on the exchange.

Paper wallets, hardware wallets, software wallets are some of the channels where one can store their cryptocurrency.

Paper Wallet: Paper wallet is an offline cold storage method to hold your cryptocurrency. It prints your private and public key on a piece of paper where the QR code is also printed. One needs to scan the QR code for their future transactions. Why is it safe? No need to worry about your account being hacked or any malicious malware attack. You just need to keep your piece of paper safe in a locker and if possible keep two to three pieces of paper wallet under your complete control.

Hardware Wallet: A hardware wallet is a physical device where you keep your cryptocurrency safe. There are many forms of hardware wallet but the most commonly used hardware wallet is USB. When you keep your cryptocurrency in a hardware wallet you just need to remember that you should not lose the hardware wallet because once it is lost you cannot recover your cryptocurrency.

A famous case, where a person mined 7000+ bitcoins and stored them in a hardware wallet and put them in another hardware wallet. One day he threw away the hardware wallet he used to store his cryptocurrency instead of the damaged hardware and he lost all his bitcoins.

What can be bought from cryptocurrency in India?

Most people assume that buying and selling any cryptocurrency is only for investing and getting high returns in the long and short term. Influentials and Bitcoin investors believe that Bitcoin will dominate all fiat currencies and be accepted as an international currency in the coming years.

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

In India, Sapna Book Mall was accepting Bitcoin as payment using Unocoin merchant services. People were booking movie tickets through BookMyShow or recharging their mobiles using the Unocoin platform. According to reports, they have stopped the service but are planning to resume it in the near future.

Conclusion:

Cryptocurrency is one of the growing investment sectors and has given better returns than real-estate, gold, stock-market etc. in the past. You can buy cryptocurrency and hold for long term to get excellent returns or go short term for quick profit as we have seen many coins grow at 1000%+ in the past. Since cryptocurrency is a volatile market and the government has no control over the industry. One must invest an amount in any cryptocurrency that they can afford to lose.

You can store your cryptocurrency in a hardware wallet, paper wallet, software wallet if you don’t want to keep it on the exchange where you are trading.

In the times we live in, technology has made incredible progress compared to any time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is an ongoing process and thus, human life on earth is constantly improving day by day. One of the latest additions to this aspect is cryptocurrency.

Cryptocurrency is nothing but digital currency, designed to impose security and anonymity in online financial transactions. It uses cryptographic encryption to generate coins and verify transactions. New coins are created by a process called mining, where transactions are recorded in a public ledger, called the transaction block chain.

A little backtrack

The evolution of cryptocurrency is mainly attributed to the virtual world of the web and involves the process of converting clear information into a code, which is almost irresistible. Hence, tracking purchases and transfers involving currency becomes easy. Cryptography, since its WWII introduction to secure communications, has evolved into this digital age, blending mathematical theory and computer science. Thus, it is now used to secure not only communications and information, but also money transfers across the virtual web.

How to use cryptocurrency

It is very easy to use this digital currency for common people. Just follow the steps given below:

• You need a digital wallet (to store coins, of course)
• Use wallets to create unique public addresses (this enables you to receive coins)
• Use public addresses to transfer funds in or out of the wallet

Cryptocurrency Wallet

A cryptocurrency wallet is nothing but a software program, capable of storing both private and public keys. In addition to this, it can also communicate with different blockchains, so that users can send and receive digital currencies and keep track of their balances.

How Digital Wallets Work

Unlike conventional wallets that we carry in our pockets, digital wallets do not store currency. In fact, the concept of blockchain is so smartly blended with cryptocurrency that coins are never stored in a fixed location. Nor do they exist anywhere in hard cash or physical form. Only records of your transactions are stored on the blockchain and nothing else.

Real life example

Suppose a friend sends you some digital currency, say in the form of Bitcoin. What this friend does is he transfers ownership of the coins to your wallet address. Now, when you want to use that money, you have unlocked the fund.

To unlock the fund, you need to match your wallet’s private key with the public address where the coins are allocated. Only when both these private and public addresses match, your account will be credited and your wallet balance will be inflated. At the same time, the balance of the sender of the digital currency will decrease. In transactions involving digital currencies, the actual exchange of physical currency never takes place.

Understanding cryptocurrency addresses

By nature, it is a public address with a unique string of characters. It enables the user or owner of a digital wallet to receive cryptocurrency from others. Each public address that is created has a corresponding private address. This automatically matches or establishes ownership of a public address. As a more practical analogy, you can think of a public cryptocurrency address as your email address to which others can send emails. Email is the currency people send you.

Understanding the latest version of technology, in the form of cryptocurrency, is not difficult. One needs to spend a little interest and time on the net to clear the basics.

The Sovereign Man ~ by James Dale Davidson and William Rees Morgue

The Sovereign Person is one of those books that forever changes how you see the world. It was released in 1997 but the extent to which blockchain technology is expected to impact it will give you chills. We are entering the fourth stage of human society, transitioning from the industrial to the information age. You need to read this book to understand the scope and scale of how things are going to change.

As it becomes easier to live comfortably and earn an income anywhere, we already know that those who will truly thrive in the new information age will be workers who are not tied to a single job or career and are location independent. The pull of choosing where to live based on price savings is already more appealing, but it goes beyond digital nomads and freelance gigs; The foundations of democracy, government and finance are moving.

The authors predicted Black Tuesday and the collapse of the Soviet Union, and here they predict that the increasing power of individuals will be matched by decentralized technologies that are chipping away at government power. The death toll for the nation state, they predict with remarkable astuteness, will be personal, digital cash. When that happens, the dynamic of government robbing hard-working citizens like fixed bandits through taxes will change. If you’re someone who can solve people’s problems anywhere in the world, you’re about to enter the new cognitive elite. Don’t miss this one.

Favorite Quote: “When technology goes mobile, and transactions take place in cyberspace, as they increasingly will, governments will no longer be able to charge more for their services than they are worth to the people who pay them.”

Sapiens: A Brief History of Humankind ~ by Yuval Noah Harari

Whenever I want to impress upon someone how good this book is, I ask: “Do you want to know the basic difference between humans and monkeys? A monkey can jump on a rock and wave a stick around and shout to his friends that he is threatening to come their way. Saw. ‘Danger! Danger! Lion!’ A monkey can lie too. It can jump down on a rock and wave a stick and shout about a lion when there really isn’t a lion. It can just fool around. But what a monkey can’t do is jump up. Drop down and wave a stick around shouting, ‘Danger! Danger! Dragon!’

Why? Because dragons aren’t real. As Harari explains, it’s the human imagination, our ability to believe and talk about things we’ve never seen or touched that has evolved the species to co-operate so much with strangers. The universe has no gods, no nations, no money, no human rights, no laws, no religions, and no justice beyond the common imagination of man. We make them so.

All of which is a rather grand proposition for where we are today. After the Cognitive Revolution and the Agricultural Revolution, Harari guides you to the Scientific Revolution, which started just 500 years ago and which could usher in something completely different for mankind. The money will remain. Read this book to understand that money is the greatest story of all time and that belief is the raw material from which all forms of money are made.

Favorite Quote: “Sapiens, by contrast, live in a three-layered reality. In addition to trees, rivers, fear, and desire, the Sapiens world also contains stories of money, gods, nations, and corporations.”

The Internet of Money ~ Andreas M. By Antonopoulos

If the two books mentioned above help us understand the historical context in which Bitcoin first emerged, this book expands on the ‘why’ with infectious enthusiasm. Andreas Antonopoulos is perhaps the most respected voice in the crypto space. He has been traveling the world as a Bitcoin evangelist since 2010 and this book is a summary of talks he gave on the circuit between 2013 and 2016, which has been hard-pressed for publication.

His first book, Mastering Bitcoin, is a technical deep-dive into the technology, specifically aimed at developers, engineers, and software and systems architects. But this book uses some choice metaphors to explain why you can’t ban or shut down Bitcoin, how the scaling debate doesn’t really matter, and why designers need help to lock Bitcoin into mass adoption.

“When you first drive your brand new automobile in a city,” he writes, “you’re riding on roads used by horses whose infrastructure was designed and used for horses. No traffic lights. No rules of the road. No pavement. Roads. . What else happened? The cars got stuck because their balance was no longer four feet.” But fast forward a hundred years and the cars that were once derided are absolutely the norm. If you want to dive into the philosophical, social and historical implications of Bitcoin, this is your starting point.

Favorite quote: “Bitcoin is not just money for the Internet. Yes, it is the perfect money for the Internet. It is instant, it is safe, it is free. Yes, it is money for the Internet, but it is much more. Bitcoin is Internet money. The currency is only the first application. . If you realize this, you can see beyond value, you can see beyond volatility, you can see beyond fads. At its core, Bitcoin is a revolutionary technology that will change the world forever. Join.”

The US Marshals Service has announced an auction of approximately 2,170 bitcoins that were seized during various federal criminal, civil and administrative cases, as stated in a March 5 press release.

The auction date has been announced to be held on March 19, 2018, from 8 am to 2 pmEDT. Bidders interested in participating in the auction must go through a registration process, with a $200,000 deposit that must be completed by March 14 at noon EDT.

The bitcoins will be divided and given in 14 different blocks: two blocks of 500 BTC, 11 blocks of 100 BTC and one block of about 70 BTC. A personal notification will be sent to winning bidders on the same day of the auction.

The US Marshals Service has posted a list of the range of Bitcoin seizure cases in the form of an official notice on their website. Sean Bridges, one of those on record, was convicted of stealing $800,000 in bitcoins in 2015.

The US Marshals Service has previously conducted auctions of bitcoins that were seized during civil and criminal proceedings. The agency sold 3,813 BTC on January 22, 2018, a sum worth more than $40 million at that particular day’s exchange rate.

The previous auction was conducted in August 2016 where 2,700 BTC were sold. The estimated market value at the time was about $1.6 million.

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