Can I Create My Own Cryptocurrency?

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To be able to make your own cryptocurrency, here are some things to follow.

Build a blockchain

The first step to creating the best cryptocurrency is building a blockchain. Blockchain technology is the background and every cryptocurrency you see in the world today. The blockchain contains details of each cryptocurrency.

This is a book that shows the background of every cryptocurrency you have. It also shows more details about who owned the cryptocurrency coins before you.

Code

All the software you see on the internet is made of code. The same is the case with cryptocurrency. Fortunately, most cryptocurrencies are made with the same code. Basically, cryptocurrencies are made using the C ++ code. You can assign all the codes you need to GitHub and use them to make your cryptocurrency. However, the code will differ from your specifics. If your blockchain is longer and faster, you need to add programs for it. In general, programs can range from a week to several months when making a blockchain.

In order to make the best cryptocurrency, you need to ensure that it has set the highest level of security to be monitored. There are hackers everywhere and it is always your role to alienate hackers. One powerful tool used to alienate hackers is the use of private and public keys. This is because each key is generated from the previous key. By using cryptography, each key can be traced from the first transaction ever made.

You also need to make sure that you create a pool of miners. For a stable cryptocurrency like bitcoin? anyone can be a miner. Miner does two things.

-Creates a crypto coin

-Certifies the cryptocurrency.

You need to form a standard way to create and authenticate your cryptocurrency.

Access to market needs

Many cryptocurrency experts say the most important part is access to market needs. You need to be passionate and watch what other cryptocurrencies do not offer and offer them yourself. If we look at the largest cryptocurrency on the market, bitcoin today.

It is designed to bring a faster transaction in the online world. Bitcoin has also received much acclaim for hiding the identities of users. They remained anonymous, but one could still make a legitimate transaction. These are the most important parts to consider when creating a cryptocurrency.

To make a very successful cryptocurrency, you need to make sure that you are able to do proper marketing of your cryptocurrency. This means going to merchants and asking them to accept your cryptocurrency as a method of payment. These are usually some of the best ways to create a crypto coin.

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Coinbase: A Bitcoin Startup Is Spreading Out to Capture More of the Market

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The price of bitcoins jumped sharply in 2017. Coinbase, one of the largest cryptocurrency exchanges in the world, was in the right place at the right time to take advantage of the jump in interest rates. However, Coinbase is not interested in taking its cryptocurrencies for granted. To stay ahead in a much larger cryptocurrency market, the company is putting money back into its master plan. By 2017, the company’s revenue is reported at $ 1 billion, and assets of more than $ 150 billion are traded with 20 million customers.

Coinbase, a San Francisco-based company, is known as the leading cryptocurrency trading platform in the United States and with its continued success landed 10th on CNBC Disruptor’s list in 2018 after failing to make the list. in the previous two years.

On its way to success, Coinbase leaves no stone unturned in the poaching of key executives on the New York Stock Exchange, Twitter, Facebook and LinkedIn. This year, the size of his full-time engineering team has almost doubled.

Earn.com was acquired by Coinbase in April for $ 100 million. This platform allows users to send and receive digital currency while replying to mass market emails and performing microtasks. The company is currently planning to bring in former venture capitalist Andreessen Horowitz, founder and CEO of Earns, as its first chief technology officer.

According to current estimates, Coinbase was valued at about $ 8 billion when it set out to buy Earn.Com. This value is much higher than the estimate of $ 1.6 billion, which was calculated in the last round of venture capital funding in the summer of 2017.

Coinbase declined to comment on its valuation, despite having more than $ 225 million in funding from top VCs, including Union Square Ventures, Andreessen Horowitz and also from the New York Stock Exchange.

To meet the needs of institutional investors, the New York Stock Exchange plans to launch its own cryptocurrency exchange. The NYSE rival Nasdaq is also considering a similar move.

• The competition is coming up

While competing organizations are trying to bite off Coinbase’s business, Coinbase is looking for other venture capital opportunities in an attempt to build a trench around the company.

Dan Dolev, an immediate Nomura analyst, said Square, a company run by Twitter CEO Jack Dorsey, could feed into Coinbase’s stock market since it began trading cryptocurrencies in its Square Cash app in January. .

According to Dolev’s estimates, Coinbase’s average trading fees were approximately 1.8% in 2017. Such high fees could direct consumers to other cheaper exchanges.

Coinbase seeks to become a one-stop shop for institutional investors while hedging its stock business. To attract investors in this class with white gloves, the company announced a fleet of new products. This class of investors are especially wary of immersing themselves in the volatile cryptocurrency market.

Coinbase Prime, The Coinbase Institutional Coverage Group, Coinbase Custody and Coinbase Markets are the products launched by the company.

Coinbase estimates that there are billions of dollars of institutional money that can be invested in digital currency. He already has a $ 9 billion deposit in client assets.

Institutional investors are concerned about security, even though they know that Coinbase has never suffered a hack like some other global cryptocurrency exchanges. Coinbase’s president and chief operating officer said the impetus for launching Coinbase’s trusteeship last November was the lack of a trusted trustee to protect their crypto assets.

• Wall Street is currently moving from Bashing Bit to Cryptocurrency Backer

According to the latest data from Autonomous Next Wall Street, interest in cryptocurrency seems to be increasing. There are currently 287 cryptocurrency hedge funds, while in 2016 there were only 20 cryptocurrency hedge funds. Goldman Sachs even opened a cryptocurrency trading office.

Coinbase also introduced Coinbase Ventures, which is an incubation fund for early-stage start-ups operating in cryptocurrency and blockchain. Coinbase Ventures has already raised $ 15 billion for further investment. His first investment was announced in a startup called Compound, which allows a person to borrow or lend cryptocurrency while earning an interest rate.

In early 2018, the company launched Coinbase Commerce, which allows merchants to accept major cryptocurrencies for payment. Another bitcoin startup was BitPlay, which recently raised $ 40 million in risky money. Last year, BitPlay processed over $ 1 billion in bitcoin payments.

Proponents of blockchain technology believe that in the future, cryptocurrency will be able to eliminate the need for central banking authorities. In the process, this will reduce costs and create a decentralized financial solution.

• Regulatory security remains intensive

To limit access to four cryptocurrencies, Coinbase has drawn a lot of criticism. But they need to step carefully as US regulators consider how to control certain uses of the technology.

For cryptocurrency exchanges such as Coinbase, the question is whether cryptocurrencies are securities that would be subject to the jurisdiction of the Securities and Exchange Commission. Coinbase is no doubt slowly adding new coins because the SEC announced in March that it would apply security laws to all cryptocurrency exchanges.

The Wall Street Journal reported that Coinbase met with SEC officials to register as a licensed broker and e-commerce venue. In such a scenario, Coinbase will find it easier to maintain more coins and also comply with security regulations.

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The "Experts" Are Getting Crypto All Wrong

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Bitcoin peaked about a month ago, on December 17, at a maximum of nearly $ 20,000. As I write, the cryptocurrency is below $ 11,000 … a loss of about 45%. That’s more than $ 150 billion in lost market capitalization.

Include a lot of twisting of hands and gnashing of teeth in the crypto-commentator. It’s neck and neck, but I think the “I told you” crowd has an advantage over the “excuses.”

Here’s the thing: Unless you’ve just lost your bitcoin shirt, it doesn’t matter at all. And chances are, the “experts” you can see in the press don’t tell you why.

In fact, the collapse of bitcoin is wonderful … because it means we can all just stop thinking about cryptocurrencies at all.

The death of bitcoin …

In about a year, people will not be talking about bitcoins in the queue at the grocery store or on the bus, as they are now. That’s why.

Bitcoin is a product of justified disappointment. Its designer explicitly stated that the cryptocurrency is a reaction to the state’s abuse of fiat currencies such as the dollar or the euro. It had to provide an independent peer-to-peer system based on virtual currency, which could not be debated because there were a limited number of them.

This dream has long been rejected in favor of harsh speculation. Ironically, most people are interested in bitcoin because it seems like an easy way to get more fiat currency! They don’t own it because they want to buy pizza or gasoline with it.

As well as being a terrible way to transaction electronically – it’s painfully slow – the success of bitcoin as a speculative game has made it useless as a currency. Why would anyone spend it if it evaluates so quickly? Who would accept one when it is rapidly depreciating?

Bitcoin is also a major source of pollution. It takes 351 kilowatt hours of electricity just to process a transaction – which also releases 172 kilograms of carbon dioxide into the atmosphere. That’s enough to power an American household for a year. The energy consumed by all bitcoin mines so far can power nearly 4 million US households in a year.

Paradoxically, the success of bitcoin as old-fashioned speculative game – unintended libertarian uses – has attracted government measures.

China, South Korea, Germany, Switzerland and France have introduced or are considering bans or restrictions on bitcoin trading. Several intergovernmental organizations have called for concerted action to contain the apparent bubble. The US Securities and Exchange Commission, which once seemed to approve bitcoin-based financial derivatives, now seems hesitant.

And according to Investing.com: “The European Union is applying stricter rules to prevent money laundering and terrorist financing on virtual currency platforms. It is also addressing restrictions on cryptocurrency trading.”

We may one day see a functional, widely accepted cryptocurrency, but it will not be bitcoin.

… But a boost for crypto assets

Okay. Overcoming bitcoin allows us to see where the real value of crypto assets lies. This is how.

To use the New York subway system, you need tokens. You can’t use them to buy anything else … even though you do could sell them to someone who wanted to use the subway more than you.

In fact, if subway tokens were in limited supply, a bustling market could arise for them. They may even trade for much more than they originally cost. It all depends on how many people want to use the subway.

In short, this is the scenario for the most promising “cryptocurrencies” other than bitcoin. They are not money, they are tokens – “crypto-tokens”, if you will. They are not used as a common currency. They are only good within the platform for which they are designed.

If these platforms provide valuable services, people will want these crypto tokens and this will determine their price. In other words, crypto tokens will have value to the extent that people appreciate the things you can get for them from the platform associated with them.

That will make them real assets, s intrinsic value – because they can be used to get something that people value. This means that you can reliably expect a stream of revenue or services from owning such crypto tokens. It is critical that you can measure this flow of future returns relative to the price of the crypto token, just as we do when calculating the price / earnings ratio (P / E) per share.

Bitcoin, in contrast, has no inherent value. It has only a price – the price determined by supply and demand. It can’t generate future revenue streams and you can’t measure something like a P / E ratio for it.

One day it will be useless because it brings you nothing real.

Ether and other crypto assets are the future

The crypto-marker ether is safe It seems as a currency. It is traded on cryptocurrency exchanges under the code ETH. Its symbol is the Greek capital sign Xi. It is mined in a similar (but less energy-intensive) bitcoin process.

But ether is not a currency. Its designers describe it as “fuel for the operation of the distributed platform for Ethereum applications. It is a method of payment made by the customers of the platform to the machines performing the requested operations.”

Ether tokens give you access to one of the most complex distributed computing networks in the world. It’s so promising that big companies are falling on top of each other to develop practical, real-world applications for it.

Since most people who trade it don’t really understand and don’t care about its true purpose, the price of ether has skyrocketed in recent weeks.

But eventually, ether will return to a stable price based on the demand for computing services that it can “buy” for people. This price will represent real value which can be determined in the future. There will be a futures market and exchange traded funds (ETFs) for it, because everyone will have a way to assess its core value over time. Just like we do with stocks.

What will this value be? I have no idea. But I know it will be much more than bitcoin.

My advice: Get rid of your bitcoins and buy ether the next time you dive.

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The Best Bitcoin Trading Platforms

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Cryptocurrency has provided not only the fastest way to transfer money, but also a new venture to trade and make money in addition to stocks and other commodities. Although you can sell and buy bitcoins directly, you can also use bitcoin exchanges to continue your cryptocurrency transactions. There are many exchanges where bitcoin trading is safe and secure, and customers are also facilitated with many advanced services. As an investor or cryptocurrency trader, you can choose one of the exchanges for your convenience. However, it is advisable to take a look at the reviews of some before giving up on this one. Below is a brief overview of the best bitcoin exchanges in the world.

CoinBase: This is probably one of the most famous and largest exchanges for bitcoin trading with dual trading of objects directly and through the portfolio. CoinBase was founded in 2012 as a venture-finding Y-Combinator and has grown rapidly since then. It has many lucrative services such as multiple options for depositing and withdrawing cash, money transfers between two CoinBase are instant, Wallet facilities with multiple signature options for more secure transfers, Bitcoin deposits are insured for any losses, etc. . of Europe and the United States, which seamlessly allow transactions to take place through them. It has relatively low transaction fees and offers bitcoin trading, along with a large number of Altcoin trades.

CEX.IO: One of the oldest and most famous exchanges, launched in 2013, London as a bitcoin trading exchange and also as a cloud mining facilitator. Later, its extraction capacity increased so much that it possessed almost half the capacity of the extraction network; however, it is now closed. CEX.IO allows customers to expand to a much larger number of bitcoin transactions and has the ability to provide instant bitcoin at a stated price. However, a slightly high exchange rate is charged for this exchange, but this is offset by the security and ability to allow transactions in several currencies (dollar, euro and ruble) to purchase bitcoin.

Bitfinex: This is one of the most advanced trading exchanges and is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as Bitcoin, this exchange has better opportunities such as leverage, margin financing and multi-order trading. In addition, Bitfinex offers custom GUI features, many types of orders, such as limit, stop, follow-up, market, and more. This exchange also provides about 50 currency pairs that can be traded with easy withdrawals for everyone. One of the largest exchanges in terms of volume traded Bitfinex offers pseudonym for transactions and only for some of the services requires identification. The only drawback of this exchange is that it does not support the purchase of bitcoin or other altcoin through fiat transactions.

Bitstamp: Founded in 2011 and is the oldest of the exchanges that offer cryptocurrency and bitcoin trading. The most respected, because although he is the oldest, he has never been under threat to security and hair lately. Bitstamp currently supports four currencies, Bitcoin, Ethereum, Litecoin and Ripple, and is also available with the mobile app in addition to the trading website. It has great support for European consumers or merchants who have a Eurobank account. Security is also enhanced by the type of cold storage, which means that the coins are stored offline, so you can say that it is not possible for any hacker to break in. Finally, its sophisticated user interface suggests that it is not for the novice user, but for professionals, and offers relatively low transaction fees.

Kraken: This is one of the largest exchanges for bitcoin trading in terms of liquidity, volumes of crypto trading in euros and figures for trading in Canadian dollars, US dollars and yen. Kraken is the most respected exchange focused on the turmoil of cryptocurrency trading and has managed to keep customers’ amounts safe, despite other exchanges that have been hacked at the same time. With more than 14 cryptocurrency trading facilities, the user can deposit fiat as well as cryptocurrency, along with similar towing capacity. However, it is not suitable for beginners, but has better security features and lower transaction fees compared to CoinBase. The most important factor for Kraken is that it has confidence in the community and is the first to show the volumes and prices of the Bloomberg terminal.

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A Quick But Thorough Comparison Between Gold And BitCoin

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Quick comparison between cryptocurrency, gold and bitcoin

In some places, gold seems to have a more important place in the financial world. On the other hand, some people are beginning to see bitcoin as a valid method of holding back our savings.

This allows us to shop and make other daily transactions. For ordinary users, Bitcoin and other cryptocurrencies seem to provide a suitable alternative. It is probably a good time to compare gold and bitcoins and Ethereum (another cryptocurrency).

People have used gold as a type of currency for millennia; while Bitcoin has only been around for a little over a decade. Although the concept has undergone some maturation process, gold still has a comprehensive impact on the market. Bitcoin promises continuous improvements in convenience, security and functionality. Experts compare the current state of bitcoin to the Internet in the early and mid-1990s. Proponents of Bitcoin argue that almost all the achievements associated with gold have already happened, as evidenced by the mass acceptance of any physical gold bars from millennia ago. In fact, some company acquisitions are used as gold as currency. They simply do not believe that the government will not enter into hyper-inflation.

The idea of ​​gold against bitcoin is an important argument that is worth postponing. Instead of choosing one of them; many of us would prefer to use a combination of them to take advantage of everyone’s better qualities. In fact, we have seen coexistence between bitcoin and gold in the form of “Casascius coins. This is the first case of bitcoin and gold to be collected and will not be the last.

Ethereum’s other cryptocurrency is $ 1,549.00. It is usually best obtained with Raedon x 5 or 6 graphics cards placed on shelves for optimal organization. Lan cables allow him to dig at high speeds in order to gain energy consumption

Paper money is our solution for improving circulation, and gold is our solution for preserving the value of the currency. The metal is less affected by inflation because it is much more expensive than paper or other cheap metals. Cryptocurrency is the new technological facility for ensuring reliability during transactions, with the timelessness and precision of a Swiss watch.

Despite criticism, bitcoin and other cryptocurrencies will continue to appeal to many people because of their individual advantages, especially compared to conventional currencies such as paper money, which inflate and are often lost, spent or stolen.

It is based on instant, direct P2P (peer-to-peer) transactions to completely avoid cumbersome and expensive electronic payment systems. Over time, investors will find that bitcoin offers a better stock of value than any serially printed flat currency.

The Bitcoin Protocol limits the amount of bitcoins available at a time. There will always be 21 million bitcoins, and the system sometimes seems fairer than even the US dollar. With bitcoin and other cryptocurrencies, consumers can gain greater financial integrity; although there are fears that the government will tacitly join the system with ongoing financial monitoring.

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The Wild West Crypto Show Continues

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Here’s a frequently asked question: How do I choose which cryptocurrency to invest in – aren’t they all the same?

There is no doubt that Bitcoin has captured the lion’s share of the cryptocurrency (CC) market and this is largely due to its FAME. This phenomenon is very similar to what happens in national politics around the world, where the candidate takes the majority of votes on the basis of FAME, rather than proven abilities or qualifications to run a nation. Bitcoin is a pioneer in this market space and continues to collect almost all titles on the market. This FAME does not mean that it is perfect for work and it is quite well known that Bitcoin has limitations and problems that need to be solved, but in the world of Bitcoin there is disagreement about how best to solve the problems. As problems arise, there is a constant opportunity for developers to initiate new coins that are targeted to specific situations, and thus differentiate themselves from approximately 1,300 other coins in this market space. Let’s look at two bitcoin rivals and explore how they differ from bitcoin and each other:

Ethereum (ETH) – The Ethereum coin is known as ETHER. The main difference from Bitcoin is that Ethereum uses “smart contracts”, which are objects for maintaining accounts in the Ethereum blockchain. Smart contracts are defined by their creators and they can interact with other contracts, make decisions, store data and send ETHER to others. The performance and services they offer are provided by the Ethereum network, all of which goes beyond what bitcoin or any other blockchain network can do. Smart contracts can act as your stand-alone agent, following your instructions and rules for spending currency and initiating other transactions on the Ethereum network.

Ripple (XRP) – This coin and the Ripple network also have unique features that make it much more than just a digital currency like Bitcoin. Ripple has developed the Ripple Transaction Protocol (RTXP), a powerful financial instrument that allows Ripple exchanges to transfer funds quickly and efficiently. The basic idea is to put money in “gateways”, where only those who know the password can unlock the funds. For financial institutions, this opens up huge opportunities, as it simplifies cross-border payments, reduces costs and provides transparency and security. All this is done with creative and intelligent use of blockchain technology.

The mainstream media cover this market almost daily with current news, but their stories are not very in-depth … they are mostly just dramatic headlines.

The show of the Wild West continues …

The selected crypto / blockchain 5 shares increase on average 109% from 11/17 December. Wild swings continue with daily tours. Yesterday we had South Korea and China at the latest, which tried to bring down the boom in cryptocurrencies.

On Thursday, South Korea’s justice minister, Sang-ki Park, sent global bitcoin prices to temporarily collapse and virtual coin markets to plummet as regulators say they are preparing legislation to ban cryptocurrency trading. Later that day, the South Korean Ministry of Strategy and Finance, one of the main member agencies of the South Korean government’s cryptocurrency regulation working group, came out and said that their department he does not agree with the premature statement of the Ministry of Justice on a potential ban on trading in cryptocurrencies.

While the South Korean government says cryptocurrency trading is nothing more than gambling and they are worried that the industry will leave many citizens in the poor house, their real concern is the loss of tax revenue. This is the same concern that every government has.

China has become one of the world’s largest sources of cryptocurrency mining, but it is now rumored that the government is involved in regulating the electricity used by mining computers. Over 80% of electricity for bitcoin mining today comes from China. Excluding miners, the government would make it difficult for bitcoin users to verify transactions. Mining operations will be relocated, but China is particularly attractive due to very low electricity and land costs. If China addresses this threat, there will be a temporary loss of mining capacity, which will lead to Bitcoin users seeing longer timers and higher transaction verification costs.

This wild journey will continue and much like a boom on the internet, we will see some big winners and eventually some big losers. Also, like the internet boom or the uranium boom, those who enter early will thrive, while mass investors always show up at the end, buying on top.

Stay on the line!

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Is Bitcoin Gathering Over? Active Trading for Those Who Wager On Tether

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The inflow of institutional funds is deferred in all accounts, and the purchase of bitcoins is currently only an inflow of USDT tokens.

The days when energetic shoppers maximized their billing cards to buy bitcoin may be over. In fact, even Korean markets have cooled. Anyway, the exchange of income – this time spared by the resource Tether (USDT). At first glance, the value levels of Bitcoin are abundant – at $ 6,743.53. As altcoins slide, Bitcoin maintains its position and its value expands again to 43.2% of the total market capitalization for all coins and tokens.

In any case, the goal can be liquidity, full of symbols. USDT printing has been harmonized with the rapid move in bitcoin starting in mid-2017. However, from now on, any infusion of USDT further provokes excited purchases by all other possible means. Currently, newcomers are either looking for sidelines, or most have lost the expectation that there are even faster additions to be made in crypto. However, for engaged brokers, the use of USDT is another source of income.

Despite the fact that more than 2.7 billion USDT have been made, not all of them have found their way to exchange BTC. Recently, USDT’s offer on the BTC stock exchanges was close to below 20%, with solid levels in Japanese yen, US dollars, Korean earnings and several different monetary standards. Anyway, now the photo changed quickly and was completed within a few days.

According to information from CryptoCompare, over 54% of all BTC exchanges are transactions with Tether, due to the huge Bitfinex exchange offer. At present, it seems that crypto markets have moved to a stage where all transactions are inward, and over the next few years, costs can only move in light of the activities of crypto insiders, not institutional brokers from the regular fund universe.

Half a month ago, Tether entered a bunch of altcoins – and now, it seems, receivables are being diverted to bitcoin. While this can be cost-effective, no matter how you look at it, it further suggests that for new bitcoin buyers, offering back to Fiat’s wealth is actually worrying, and they may end up with USDT tokens – which you can, in principle, be returned for money, but the procedure is moderate and there is a penalty of value.

Meanwhile, the crypto resource TrueUSD (TUSD) saw its contract for the supply of 88 million to 81 million tokens, as if the tokens had been baked and transformed into money. For TUSD, invert trading should be simpler – however, this also implies an outflow of assets from the digital market.

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Practical Tips on How to Trade Cryptocurrencies

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For some time now, I have been closely monitoring the performance of cryptocurrencies to feel where the market is headed. The routine that my elementary school teacher taught me – where do you wake up, pray, brush your teeth and have your breakfast, move a little to waking up, praying and then hitting the net (starting with coinmarketcap), just to find out which ones crypto assets are in the red.

The start of 2018 was not great for altcoin and related assets. Their performance was crippled by the frequent opinions of bankers that the crypto bubble was about to burst. Nevertheless, ardent followers of cryptocurrencies are still “HODLing” and, frankly, they are reaping big.

Bitcoin has recently recovered to almost $ 5,000; Bitcoin Cash approached $ 500, while Ethereum found peace at $ 300. Almost every coin was affected by newcomers who were still in the excitement phase. At the time of writing, Bitcoin is back on track and selling for $ 8,900. Many other cryptocurrencies have doubled since the beginning of the uptrend and market capitalization has remained at $ 400 billion from the recent $ 250 billion crest.

If you are slowly warming up to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on how to trade cryptocurrencies

• Start moderately

You have already heard that the prices of cryptocurrencies jump sharply. You’ve probably also received the news that this upward trend may not last long. Some distrustful, mostly respected bankers and economists usually continue to define them as quick-money schemes without a solid foundation.

Such news can make you invest in a hurry and not apply moderation. A small analysis of market trends and the currencies in which you can invest can guarantee you a good return. Whatever you do, don’t invest all your hard-earned money in these assets.

• Find out how the exchange works

I recently saw a friend of mine post on Facebook a show about one of his friends who kept trading on the stock exchange, he had no idea how it was going. This is a dangerous move. Always review the site you intend to use before you register, or at least before you start trading. If they provide a dummy game account, use this option to learn what the board looks like.

• Don’t insist on trading everything

There are over 1,400 cryptocurrencies to trade, but it is impossible to deal with all of them. Spreading your portfolio to a huge number of cryptos than you can effectively manage will reduce your profits. Just select a few of them, read more about them and how to get their trading alerts.

• Stay sober

Cryptocurrencies are unstable. This is both their curse and grace. As a trader, you need to understand that wild price changes are inevitable. Uncertainty about when to make a move makes an inefficient trader. Use hard data and other research methods to be sure when to make a deal.

Successful traders belong to various online forums where cryptocurrency discussions about market trends and signals are discussed. Of course, your knowledge may be sufficient, but you should rely on other traders for more relevant data.

• Diversify meaningfully

Virtually everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies with real applications. There are a few rotten coins you can deal with for quick money, but the best cryptocurrencies to deal with are the ones that solve existing problems. Coins with real use are usually less unstable.

Don’t diversify too early or too late. And before you make the move to buy a crypto asset, make sure you know its market capitalization, price changes and daily trading volumes. Maintaining a healthy portfolio is the way to get the most out of these digital assets.

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Why There Will Never Be Another Bitcoin

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Well, it’s been a crazy 10 years for Bitcoin. In fact, it’s been more than 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever it is, he or she, they have had a profound impact on the world. Undoubtedly, they predicted that this was why they chose to disappear from the spotlight.

So more than a decade later, Bitcoin is still alive and stronger than ever. Thousands of other crypto coins have appeared since everyone tried to imitate the king of Crypto. They have all failed and will continue to fail. Bitcoin is one type. Something that cannot be replicated. If you don’t know why, let me explain.

If you don’t know what bitcoin is, I’ll just give you a few brief key points:

  • Bitcoin is an online cryptocurrency

  • It has a maximum supply of 21 million

  • It cannot be forged

  • Not all coins are still in circulation

  • It is completely decentralized, without anyone controlling it

  • It cannot be censored

  • This is Peer to Peer Money

  • Anyone can use it

  • Bitcoin has a fixed supply that decreases every 4 years

What makes Bitcoin different?

So what makes Bitcoin different from all the thousands of other coins that have been invented since then?

When bitcoin was first invented, it began to spread slowly among a small group of people. It grows organically. As people began to see the benefits of bitcoins and how the price would increase due to the fixed supply, it began to grow faster.

The bitcoin blockchain is now spreading to hundreds of thousands of computers around the world. It has spread beyond the control of any government. Its creator has disappeared and now works autonomously.

Developers can upgrade and improve the bitcoin network, but this must be done with my consensus throughout the bitcoin network. No one can control Bitcoin. This makes Bitcoin unique and impossible to play.

There are thousands of other cryptocurrencies now, but as an example of what makes Bitcoin different, I will use Ethereum as an example. This is one of the largest alto coins at the moment and since it was invented in 2015 by Vitalik Buterin.

Vitalik controls the Ethereum blockchain and basically has the final say on every development that happens in Ethereum.

Censorship and government intervention

For this example, let’s imagine Iran sending billions of dollars to North Korea to fund its new nuclear weapons program. This is not a good situation, but it should show you how your money is safer in bitcoin!

Anyway .. first example. Iran uses the standard banking system and converts this money into North Korea in US dollars. The US government says wait a minute, we need to freeze these transactions and confiscate the money. Easy. They do this immediately and the problem is over.

Second example. The same thing is happening again, but this time Iran is using the Ethereum blockchain to send the money to North Korea. The US government sees what is happening. A phone call is being made.

“Get Vitalik Buterin here NOW”

The US government is “putting some pressure” on Vitalik and they are forcing him to return the blockchain and cancel Iran’s transactions. (The Ethereum blockchain was actually returned before, when a hacker stole a significant amount of money).

Problem solved. Unfortunately, the trust in Ethererum will be destroyed along with its price.

Ethereum is just an example, but is valid for any other cryptocurrency.

Bitcoin cannot be stopped

So the same thing happens again. This time, Iran is using bitcoin as a method of payment. The US government sees this and is powerless to stop it.

There is no one to call. There is no one to put pressure. Bitcoin is out of censorship.

Every other cryptocurrency out there is created by someone or some company and this will always be the point of failure. They are still centralized.

Another example would be if Vitalik’s family is taken hostage. Bitcoin is beyond all this and therefore the safest investment on the planet.

Learn how to use bitcoin

Everyone should own some bitcoin. Not without it, however, is dangerous. If you are new to bitcoin, you need to learn as much as you can before investing money. Owning bitcoin comes with many responsibilities. Learn how to use Bitcoin safely.

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Bitcoin Thrives Against All Odds

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As it is currently in vogue at the moment, 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 soft spot for mixed breeds.

Yes, that’s perfect – everyone loves dogs.

This will be the biggest thing since the carousels are spinning.

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

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

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

Tell those who doubt that mutcoins are in short supply – there will only be 1 million mutcoins. On top of that, this is backed by the full faith and credit of 8 GB of RAM on my desktop computer.

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

And like bitcoins, you can store mutcoins 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 more difficult than it seems, if not impossible.

That’s why I believe that bitcoin has reached these heights at every chance. 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 not be any different.

The miracle of bitcoin

Bitcoin’s success is based on its ability to create a global network of users who are willing to transact with it now or store it for later. Future prices will be determined by the growth rate of the network.

Even with wild price fluctuations, bitcoin acceptance continues to grow at an exponential rate. Currently, 23 million wallets are open in the world, pursuing 21 million bitcoins. In a few years, the number of wallets could increase to include the world’s 5 billion people connected to the Internet.

Sometimes the motivation of new crypto converters is speculative; other times they were looking for a stock of value away from their own currency. In the last year, new applications such as Coinbase have made it even easier for new users to join.

If you haven’t noticed when people buy bitcoin, they talk about it. We all have this friend who bought bitcoin and then wouldn’t shut up about it. Yes, I’m guilty of it – and I’m sure there are quite a few readers.

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

Bitcoin evangelization – the spread of the good word – has miraculously led to a price increase of $ 0.001 to a recent price of $ 10,000.

Who could have imagined that its pseudonym creator, fed up with the global banking oligopoly, was launching 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 witnessed these growth rates. Humanity has never been so connected then.

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 value it equally and would like to part with something of equal value for your form of money.

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

Look at the dollar in your pocket – it’s just an elegant sheet of paper with a one-eyed pyramid, a thin portrait and signatures of important people.

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

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

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

Bottom row

Bitcoin’s nine-year climb has been marked by huge bouts of instability. In January 2015, there was an 85% correction and several others over 60%, including a colossal absorption of 93% in 2011.

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

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

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

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