Bitcoin

What China’s Latest Cryptocurrency Crackdown Means For The Industry

Volatility is a natural facet of the speculative cryptocurrency market, wherein thousands of coins gain value through investor interest—developed through unstable factors like emotions and trends. Many governments have been wary about introducing digital money on a large scale, as instability can be destructive to both economies and the people involved in transactions. So while there hasn’t been a green light to “officially” use crypto for buying and selling, it’s an asset that’s tolerated by most of the world.

China’s government falls in the faction that isn’t enthusiastic about cryptocurrency, which, while decentralised, is still created by private institutions. Their lack of tolerance over coins has been an ongoing problem for the industry. In the last week of May 2021, Vice Premier Liu He echoed the need to crack down on cryptocurrency trading and mining in the country, prompting a massive sell-off that wiped billions off the exchanges—an event that has been well-documented by The Top Coins. Bitcoin (BTC) saw a $20,000 drop, Ethereum (ETH)’s value was cut in half by approximately 50%, and even Dogecoin (DOGE), which had been on a roll, hasn’t been able to break past $0.3 since the announcement.

China’s investors are used to the government interfering with their cryptocurrency trades. But Liu He is, so far, the most powerful person to speak against digital currencies. What are the implications of this move, and how will China and the world move forward with governments now actively stepping into and regulating the once lawless crypto zone?

Source:foxbusiness.com

China’s Shaky Relationship With Cryptocurrency

China and cryptocurrency go far back. The People’s Bank of China (PBoC) was one of the first agencies to declare digital currencies illegal, blocking all access and transactions through their financial system from 2009-2017. In 2013, when cryptocurrency began to emerge among enthusiasts, there were talks about Bitcoin prices being manipulated by Chinese traders who would short-sell BTC then buy massive amounts once they fell out of favour again—a process called ‘pump & dump.’

In 2017, the PBoC began allowing cryptocurrency exchanges to operate but still banned ICOs—a popular fundraising mechanism where companies ask for investments to issue their blockchain-backed tokens, often leading to a surge in share prices. It was done to protect Chinese investors from fraudulent schemes and risky ICOs.

In September of 2018, the government began taking more concrete steps by ordering Beijing-based bitcoin miners (BTMs) to cease operations after receiving complaints of excessive noise levels and pollution. Two months later, BTM operators were given an ultimatum: they must either stop mining or face closure and possible arrest if caught continuing their activities.

“Cryptocurrency is not legal tender of any country,” says Xu Zhusheng, Assistant Director at PBoC’s Legal Department and head of its Digital Currency Research Lab. “It can’t be circulated in the market as currency.”

A Futile Effort

Despite China’s numerous attempts to crack down on cryptocurrencies over the past decade, most of their warnings fell on deaf ears. The country still owned 65% of the Bitcoin mining hash rate and was home to two of the world’s largest mining pools. Despite heavy crackdowns on crypto use, it remains one of the top countries for Bitcoin trading, all thanks to third parties that continued to help miners and investors buy, sell, and trade their coins in the shadows. Crypto operated underground—through VPNs, international connections, and middle-men.

Beijing Gets Serious

Source:qz.com

Following Vice Premier Liu He’s announcement to crack down on cryptocurrency-related activities, Beijing was first to make a move, forcing some of the most influential players in the local crypto industry to fold. One of the largest exchanges, Huobi, suspended cryptocurrency trading and mining from new clients, stating that they’ll be focusing on international markets moving forward. Two of the largest mining pools have also backed down—BTC.TOP is no longer continuing its operations in China, while HashCow has suspended its services from new miners and stopped buying rigs.

While the crackdown at the height of the bull market seemed unprecedented, the government began making moves months ago. In mid-January, the government ordered Beijing’s three power grids to stop providing electricity for new Bitcoin mining operations. The announcement impacted thousands of miners who were already working in some lucrative mines outside the capital city—and it was just the beginning. A month later, on February 15 at midnight, authorities suspended trading on all cryptocurrency exchanges and blocked access to 124 websites that provided information about cryptocurrencies or offered trading services, such as hosting marketplaces or ICOs.

The subsequent crackdown has left many people scrambling to figure out what this means for China’s economy and its future stability within the global community. However, some investors remain unaffected—they’re continuing to support cryptocurrency and are investing through the shadows, albeit more cautiously and with more limited resources than before.

How is The Crackdown Affecting China & The World?

Source:reuters.com

Huobi Mall was the first to demonstrate that shifting focus to overseas markets is possible for cryptocurrency businesses. Given the government’s power, it’s extremely risky to continue investing in coins, and notorious companies are particularly easier to catch than individuals.

A dwindling Chinese mining community means more opportunities for international Bitcoin miners, as there are less competitors to fight against. However, with less crypto interest among one of the world’s largest consumer groups, coin prices have been hard-hit—the market has yet to return to its bullish values from mid-April. And despite censorship and major efforts to shut down crypto businesses, many enthusiasts remain unfazed and are continuing business as usual—though there’s no certainty in how long they can keep up a facade.

The government has had a long history of limiting crypto use within the country, but this time, their approach to regulation seems more intense than ever before. While its long-term effects in China and the rest of the industry remains unclear, successful government intervention may send signals to the rest of the world. More likely than not, an era of regulations may wash upon the cryptocurrency shore—starting from Turkey’s recent ban that disallows residents to buy and sell goods and services with crypto.

However, crypto remains part of one of the world’s largest technology markets. It’s not likely for coins to be phased out of existence due to their influence in the metaverse—from helping countries like El Salvador with cross-border payments to introducing tokens that power blockchain technology. It’s also an asset class continuously gaining acceptance from financial institutions worldwide, including Goldman Sachs and PayPal. So while governments may start rolling out regulations, investors will likely not have to worry about a global phase-out any time soon.

What Makes Bitcoin So Superior?

Bitcoin has never been on a higher scale than today. This cryptocurrency has one of the biggest networks in the work as it reportedly counts over 5 million users. Even though most governments around the world consider Bitcoin as an outlaw currency, it received massive support from the people.

The massive support is the reason why so many experts believe that Bitcoin is the only cryptocurrency that has the potential to become legalized in the future. But, we are not here to talk about the future potential of Bitcoin.

We wanted to take a look at the features that this cryptocurrency has and how they have made it superior to its competition. With that being said, we’ll compare Bitcoin to both regular payment methods and other cryptocurrencies. Without any further ado, let’s dive into the details.

Advantages Over The Regular Payment Methods

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The first advantage that we are going to mention is that Bitcoin’s transactions are instant. When using regular payment methods, it may take up to a week before the funds are transferred. Banks are processing their funds, which makes the process much slower. As you know, banks are totally excluded when using Bitcoin, which is why Bitcoin is far more efficient in that field.

Speaking of excluding banks from transactions, there is another big benefit for the users from that. Banks often impose various fees as they are their main source of income. With Bitcoin, banks cannot interfere with payments, hence they cannot impose any fees on you, which actually allows you to save money.

Probably the biggest advantage that Bitcoin boasts is the fact that you can make a lot of profit with it. Thanks to reputable trading sites like The Bitcoin Code, people can sell their assets pretty easily and earn solid money. To make things even better, the aforementioned site is very secure and every trade that you make will be safe. No unwanted parties will be able to gain access to sensitive data.

Since we already mentioned security, this is the last advantage that Bitcoin boasts over regular payment methods. Thanks to the fact that Bitcoin utilizes a method called cryptology, all of its users gain a certain level of anonymity, thus increasing their online security. This makes Bitcoin the safest method to use when it comes to online transactions. Additionally, Bitcoin has never been hacked.

Can You Use It As A Payment Method?

Source:coinhubkorea.com

The advantages over the regular payment methods would be in vain if you couldn’t use Bitcoin to purchase goods or services. There are many local, national, and global brands that accept it as a payment method. Since global brands are the most popular, we decided to name a few of those companies.

The list of popular companies is massive, but some honourable mentions here are Microsoft, Shopify, Overstock, Expedia, and Starbucks. The most recent brand to join this list is Tesla. This famous electric car manufacturer invested around $1.5 billion in Bitcoin back in February.

Superior To Other Cryptocurrencies

Now that we are familiar with the advantages that Bitcoin boasts over regular payment methods, how does this cryptocurrency rank among others of its kind? There are thousands of other cryptocurrencies on the market, but Bitcoin manages to surpass them, as well. First of all, Bitcoin focuses on security far more than any other cryptocurrency. 90% of the crypto users in the world only trade with Bitcoin, which means that the network is much greater.

Not only that, but reports show that thousands more join each day, making its infrastructure ever-growing. Bitcoin also has greater liquidity, and its value is second to none. Finally, as stated earlier, due to Bitcoin’s popularity, this cryptocurrency is the only one that has the potential to become legal in the distant future.

Trading and mining

Source:industrytoday.com

Not only cryptocurrency is reliable for both trading and mining. On the contrary, many cryptocurrencies are intended only for trading. This is another fact that goes in favor of cryptocurrencies because today many investors decide to mine.

When we talk about what is better, we would say that the choice is up to the investor. however, the experience of many has shown that trading is more suitable for beginners, while mining is considered a slightly more serious business as it requires more time as well as special equipment. Electricity consumption is also high when it comes to mining.

Bitcoin is very available

Source:usatoday.com

Bitcoin is easily available to anyone who wants to engage in trading or mining. In addition to the fact that it can be bought in the same places as other cryptocurrencies (exchange offices and various platforms), there is an even simpler way, and that is to buy at ATM. Hundreds of bitcoin ATMs are set up around the world that you can access 24 /. All you have to do is swipe your bank card, buy bitcoins and transfer them to the digital wallet that you have prepared in advance.

A digital wallet stores virtual money and can be hot and cold. Although the hot wallet requires internet access and is therefore exposed to hacker attacks, many users opt for it for practical reasons. On the other hand, we have a cold, hardware wallet that is much safer, but also more expensive.

Currently, many companies accept bitcoin as a means of payment, especially those that operate only over the Internet. Today, some companies pay their workers’ salaries in bitcoins, and they are also readily accepted as a means of payment for many services around the world (schooling, vacation in a luxury hotel, dinner in a restaurant, etc.). Any means of payment is legitimate when a sufficient number of people agree on its use.

A virtual currency used independently of central and all other types of banks has its advantages: anyone can buy bitcoins and keep them in a virtual wallet, from which they can then transfer them to others (for example, the company from which they buy something) or will receive in it bitcoin from other users. Each transaction is performed without the mediation of banks and corresponds to the handover of cash.

5 Reasons Why Cryptocurrency is Gaining Popularity Among Millennials

Millennials want everything accessible to them through their mobile phones. They want to keep themselves updated and involve themselves in everything. It can be a cryptocurrency investment because everyone wants to earn money and get massive profits in less time. Nowadays, digital currencies are gaining popularity among millennials, and it is hard to know the reasons behind such things.

You can click here to start trading your Bitcoin and earn money. In many countries, people have switched to digital money. They are considering them as a replacement for fiat money. With time, things are getting changed, and people are initiating digital payments.

As per the recent survey, it is found that more than 65% of millennials are involved in investing and trading virtual currencies. In the following write-up, we will discuss various reasons why the cryptocurrency is gaining popularity.

Relation Between Millennials and Virtual Currencies

Everyone is aware that we use digital assets for storing and exchanging some value. Nowadays, the youth operate devices and want everything digital. Therefore, they also like the payment system that should be secure and online.

They want to invest their money smartly without going anywhere. The main aim is to gain more profits in less time. They do not want to get stuck in complicated paperwork or other operations. In many countries, cryptocurrency is considered an alternative to the current financial system.

The market stays active all the time, and there is no specific time to make investments and get profits. Many factors are attracting our youth to this technology. They are looking for the best methods to earn money and get a satisfactory lifestyle.

Reasons Why Cryptocurrency is Gaining Popularity Among Millennials

1.   Quick and High Returns

When it comes to following ambitions, then no one can beat the youth. This generation is chasing after the investments with high returns. You might be thinking that it is relatively impossible to get quick and high returns on any traditional investment. But it is possible in the case of virtual currencies.

If you explore the market, you cannot find many assets available with high returns in less time. Bitcoin is one of the old virtual currencies with a high price, and it has risen from 2009.

Nothing has changed its value. In any condition, the value of the BTC is increased. Many other digital currencies are working well, like Ethereum, Litecoin, etc. After getting inspiration from other big brands, the millennials focus on these assets and want to earn more in their future.

2.   Retirement Portfolio Addition

Undoubtedly, digital currency is quite volatile and unpredictable. Anything can happen with time, and no one can control it. But if we talk about gains and losses, it can grow more than 100%. If you are getting high returns, the high risk is another side of it. Therefore, if anyone is involved in making investments in digital currencies, it can be a better addition to someone’s retirement portfolio.

Everyone knows that the youth generation cannot enjoy a pension in the coming years. Hence, they have to look for another better option. The pension is possible only in the government job sector that is not available for all. But if we talk about investments, then there is a possibility to get returns even if you get retired from your employment.

Another factor is that the youth generation is always ready to take risks to accomplish anything in their lives. Through such investments, they can gain a lot of experience. Hence, earn a lot of money when they become expert in it.

3.   A Perfect Alternative Investment

The youth generation looks for various ways of investment, in which cryptocurrency is known as an alternative one. You can also call it the non-correlated assets, which work quite differently than traditional assets. In many countries, people invest their money in gold to get better output in the future.

Gold is available physically, and with time, its price increases. The investment in virtual currencies is done digitally with no issue of storage as in gold. If anyone is looking for a long-term investment method, then cryptocurrency is the perfect option for them. Even if you are facing a financial crisis, you will be able to survive.

4.   Limited Supply

Even after the popularity of cryptocurrencies across the b globe, millions of people cannot access these virtual assets. Due to the limited supply, the youth generation becomes more curious to own it. There are many ways to get complete access to these assets, and young people know how to do it. Nothing matters where they live; they know how to invest their money in digital currencies.

Due to the limited supply, there is a high demand for Bitcoin, and everyone desires to own it. The price of cryptocurrencies keeps fluctuating, but still, there is a high demand for them. The youth generation is eager to make investments in different assets and multiply them in the future.

5.   Becoming an Owner

The millennials always want to stay independent, even if they are investing their funds. The cryptocurrencies provide enough freedom to become an owner of your account. No other person or authority can access your digital wallet without your consent.

All digital transactions are safe. Hence, it is better to invest your time in such a thing. When you become an owner of your account, there is no need to go anywhere for further modifications. The youth generation likes to be free and wants to keep everything in their control.

Final Thoughts

You must know all the mentioned reasons behind the popularity of cryptocurrency among the millennials. With time, the popularity keeps on increasing, and many people are initiating in making investments.

People are getting inspiration from various companies and individuals who are earning well from these investments. These reasons are enough to understand its growing popularity. You can also get inspired and focus on digital assets to make enough profits in your future.

Signs of Bitcoin’s Global Adoption

Bitcoin is definitely one of the disruptive innovations that have made massive changes to the global financial markets. Even though it started off as an obscure virtual currency and a lot of investors felt it was a scam. But, needless to say, it proved not only that it is a viable option for making payments online, but it is equally a valuable hedge against inflation.

Today, Bitcoin is considered one of the most widely adopted cryptocurrencies that have also created space for other altcoins to exist. It is definitely the reason we have a crypto market. However, after a decade since Bitcoin was initially launched, can we expect Bitcoin to enter the mainstream market? And, what are the signs of the global adoption of Bitcoin? We answer these questions and more below.

The Safe-Haven Asset

Source:tigerfeathers.substack.com

It’s safe to say that a Bitcoin unique innovation, and no one could have predicted its trajectory. One of the signs that it has reached mainstream adoption is that it is considered a safe-haven asset in a highly restricted sense because its total number of BTC is limited to 21 million. This is one of the reasons why Bitcoin has become an asset class that is even compared to gold.

Another reason why Bitcoin reached a status of a safe-haven asset, and that’s attracted a lot of investors, is Bitcoin protocols that make this cryptocurrency unique to their crypto market. They are Bitcoin halving and another protocol that calculates the total computing power on the network, and afterwards, it adjusts the difficulty of BTC mining.

In other words, not only with BTC is has a restricted pool of tokens, but also the supply and flow of new BTC to the crypto market is regulated, and it is slowing down as the blockchain network becomes more saturated.

Another reason why Bitcoin has a supply that is increasing is Bitcoin halving which halves the number of new BTC by cutting in half the block reward of the miners, and also it simultaneously cuts in half the number of new Bitcoin tokens in the crypto market.

The Surge in Online Trading

Source:adamfayed.com

All of this has stimulated the growth of online trading sites, so you can choose from loads of reputable exchanges. One example is BitcoinLifestyle which is an automated trading site that specializes in auto trading for users that are inexperienced in Bitcoin trading, but it is an equally great solution for experienced investors that have less time to spare on crypto trading. Thanks to the high-end technology on the platform, you can earn up to $800 on a daily basis.

Institutional Investors

Source:dailysabah.com

As its supply is limited, and we have already mined about 80% of the total number of Bitcoin tokens, investors were paying more attention to the cryptocurrency, especially since it entered a bull market phase in 2020.

So, as Bitcoin reached a status of a safe-haven asset with the continuous growth of its price during 2020 in 2021, institutional investors started to add Bitcoin as part of their financial portfolios.

This was a great sign that Bitcoin was getting adopted by a reliable organization in the financial markets such as the Grayscale Bitcoin Trust fund or Osprey Funds and many other trust funds that were designed to make trading easier for accredited institutional investors. Also, because they are able to accumulate BTC on a larger scale, this was another factor that prompted the price growth.

Involvement of MNC’s

Adoption of a new currency in itself can be difficult. It is hard to manage and organize a change and new adoption pattern within an entire country but leading companies all around the world in technological hotspots are adopting and accepting bitcoin. This is mainly due to its recognition as being such a versatile currency that has been growing at a steady rate.

The best-known company to accept and adopt bitcoin payments is Tesla, the electric car manufacturing company founded by Elon Musk. Although he has voiced his opinion on his withdrawal of not accepting bitcoin due to its repercussions of use on nature, Tesla has been accepting bitcoin payments in the recent past, increasing the scope of this cryptocurrency.

Other tech giants that are known to have adopted bitcoin and accept payments as well are Microsoft and fast-food chain, Burger King. Although continuous adoption is a more viable sign of bitcoin being recognized, partial adoption and payment acceptance also is a sign that bitcoin’s scope of adoption is increasing all around the world.

Internet star and Youtube sensation KSI recently made news for buying a Tesla with bitcoin. This not only helps for better publicity of bitcoin, but it has the scope for other companies to start adopting it as well.

Exponential growth

Bitcoin has been growing exponentially for more than a decade and will continue to do so. One of the other signs that hint that bitcoin can become a global currency is the incompetence of current national currencies. Price manipulation and counterfeiting cause losses of millions of dollars all around the world. The physical currency can only achieve so much given its natural impediments.

The steps taken to ensure that counterfeiting and fraud are not caused are a lot higher than availing cryptocurrencies. Although this particular crypto seems to have heavy competition from up-and-coming cryptos like Ethereum, bitcoin is still going strong and will continue to do so. It is most likely that bitcoin will become a global currency very soon.

Given the incredible success of bitcoin, banking giants such as JP Morgan and Goldman Sachs are very likely to adopt bitcoin shortly and the wheels are already in place. JPMorgan President in February of 2021, made a public statement of his openness to accept and adopt bitcoin as a currency for their banking services. Although unsure when he said it is most likely to happen soon.

Price Consolidation

Consolidating or lowering an asset’s price based on circumstance is the best time to invest. A common rule that investors follow while investing money into shares, is to begin to buy stocks when it drops. This is because, if the stock from an all-time high comes down, it has to be a small circumstantial dent in its progress which will most likely be corrected.

Bitcoin’s had a slightly rough patch as other competing cryptos are reducing its credibility by a bit but being that said bitcoin is still going strong and will continue to do so. This price consolidation in bitcoin will open up new prospects who will avail and adopt bitcoin all over the world.

Final Thoughts

Source:altcoinbuzz.io

The last sign that Bitcoin experienced a global adoption was the acceptance of BTC payments by a record-high number of organizations. It was officially a payment method not just for popular brands like Tesla, Shopify, PayPal, Home Depot, but for small businesses that operate offline. In conclusion, there is a high probability that it will enter the mainstream market, especially with the support of the business sector and institutional investors.

What Should You Remember When Trading With Bitcoin?

Bitcoin trading has never been more appealing. Thanks to the fact that this cryptocurrency is valued at more than $50,000, many people are open to the idea of diving into the world of trading and earning money.

Of course, the process is not as simple as one might think because there are tons of things that you should remember & consider when it comes to Bitcoin. That is exactly the topic that we wanted to touch on in this article and name a few general aspects that you should keep in mind whenever you think of trading with this cryptocurrency.

Without any further ado, let’s check the details & figure out all there is to know.

Top 4 key things to understand about Bitcoin

Source:arstechnica.com

1. The High Volatility

One of the most well-known facts about Bitcoin is that it comes with a high volatility rate. That means that its value is subject to many daily changes. Often, it can rise or fall up to a few thousand dollars in just 24 hours. It is an unpredictable currency and most cryptos tend to behave like that.

The high volatility rate is one of the biggest problems that traders face when trading with Bitcoin as it is hard for them to determine when to sell their assets and maximize their profits. However, when you get it right you will end up with a fortune!

2. Trading Sites Can Help You

While the volatility rate is troublesome, the good thing is that some trading sites can help you battle it and thus, make a profit. Here’s how. Reputable platforms utilize advanced AI systems that are able to collect all the data about Bitcoin from the market and use it to analyze its future fluctuations.

The better the system is, the more accurate the results will be. One of the trading platforms that has a very high profitability rate is BitcoinUp. All you have to do to gain access to the services of this trading platform is register. The process is very fast and simple. After you’ve registered, you will have to verify your identity by supplying the site with valid documentation such as ID, driver’s license, or passport.

3. Patience is the Key

One of the biggest challenges that you will experience when trading with Bitcoin is learning how to be patient. Why? Thanks to the volatility rate, Bitcoin’s price has the potential to rise in value quickly. Novice traders will think that the trend will continue and Bitcoin will continue to rise. That is the concept of Fear of Missing Out comes into light and because traders are convinced that the offer is just too good to pass, they invest a lot of money into the cryptocurrency.

But, after they invest, Bitcoin’s price drops in value and they are not able to make any profit off it. That is when the more experienced traders step in and take all of the profits to themselves. Patience is one of the best tools that you can master as it will help you learn how Bitcoin works and thus, increase your chances of making a profit.

4. Halving Events Lead to Price Surges

Finally, halving events take place when a total of 210,000 Bitcoins are mined. That is usually around 4 years. The next halving events are set to take place in 2024, 2028, and 2032. By 2032, it is expected that 99% of all Bitcoins will be mined. But, what’s important to know about them is that they always lead to price surges.

That is because during halving events, it becomes extremely difficult to mine Bitcoins and logically, its price goes up. The most recent halving event took place in 2020 and since it ended, Bitcoin rose to $60,000. Not only that, but experts believe that Bitcoin has the potential to climb even more and possibly reach a record-breaking value of $100,000 by the time 2021 ends.

So, how to day-trade Bitcoin?

This form of trading means that you will open and close a position within just one trading day. Anyone who is looking into making a profit overnight and who wishes to be in the business for the short term will enjoy this step and this way of trading.

How to trend trade Bitcoin?

Source:blog.liquid.com

Trend trading is a process where you’ll follow the current BTC trend. If the trend is bad or poor you will go for a long and a bearish trend means going short. Watch out for the emerging trend and ask for help from others around you if you’re not too sure how trends work.

Remember these top 3 tips when it comes to BTC

1. Always start out small & work your way up

It is better to be safe & cautious than it is to go all out. Never go all out and rather enjoy small-stake trades. It is always better to be safe than sorry.

2. Get yourself a secure wallet

You should hold your digital assets in your digital wallet since it is the best & most secure way in the long run. There are hot wallets & cold wallets for you to choose from. Hot wallets are connected to the internet, while cold wallets are used for storing your assets.

3. Be smart with your strategy

There are four categories for you to choose from, as well as four different strategies to try out:

Scalpers – those who make loads of trades but for a smaller profit amount

Day traders – they rule the market for 24 hours

Swing trading – is done through a deep analysis

Passive trader – takes time & plays it slow for long-term profit

Ready for your ultimate BTC experience?

Source:pinterest

Are you ready to begin trading and you’re eager to start with your BTC use and trades? This article will help newbies & experts get a hang of it. Let us know where you stand at the moment when it comes to Bitcoin trading.

Can I Buy BTC in Person?

Buying bitcoin is done chiefly online without meeting with the seller because of the top-notch technologies that facilitate the transactions. However, purchasing Bitcoin and or cryptos is almost akin to buying contraceptives in that it is a primary human entitlement, and you have the right to buy privately. You shouldn’t have to let anyone know about your purchase or why you’re buying it. No matter the reasons for your purchase, be it for speculation, to save for a rainy day, or just for the fun of it — you do not have to tell the world about your intentions.

So, if you have been asking yourself, “Can I buy BTC in person?” Yes, you can. This article looks into how you can buy your bitcoin in person and even anonymously.

Reasons to buy BTC in person

Source:inbitcoinwetrust.net

Before we delve into how you can obtain BTC in person, we will look into the reasons for buying BTC in person anonymously, which include the following:

  • Security: due to the increase in online scams, some people choose to buy BTC in-person to avoid being defrauded.
  • To prevent authorities from getting to know: some people do not want the government to learn about their investment in cryptos to avoid taxation and for other reasons.
  • To prevent other people from getting to know: some individuals do not want their spouses, business partners, and other people to find out about their investments for several reasons, so buying in person and holding their digital wealth anonymously is the best option.

How can I buy BTC in person?

Source:bitcoinmaximalist.net

If you want to purchase Bitcoin in person, meaning you leave your house and meet with the seller, you can use three methods. Also, if you are wondering, “Can I buy Bitcoin online privately?” The truth is that you can do so. However, most of the platforms that allow such transactions have low limits.

If you have been searching: “Can I buy BTC in person,” we want to answer you by sharing the options you can use to buy and store bitcoin privately. The two main methods to purchase and transfer bitcoin in person are by using Bitcoin ATMs (BATM) and finding a seller willing to have a physical meeting for the transactions, primarily by cash. Additionally, you can buy bitcoins in person in physical exchange offices that deal with crypto.

Buying bitcoins using a bitcoin ATM

Source:businesspartnermagazine.com

If you seek answers to: can I buy BTC in person, you have found a solution now because you can use BATM to do so. It is one of the most convenient ways to buy BTC in person. The good thing is that you can learn how to purchase BTC using a BATM quickly and use it without much hassle.

The first thing to do as you buy and transfer bitcoin using a BATM is to find your nearest automated machine. Fortunately, finding the nearest BATM is not hard because you can use online tools such as Coin ATM Radar. This has all the relevant BATM information, for example, the location, the transaction costs, verification process, online status, and many more. You enter your location and find the nearest bitcoin ATM; click “Get direction” to get the exact location on a Google map and the address.

The buying process is fast, 3 to 5 mins, and you get the bitcoins into your bitcoin wallet, or if you do not have one, you can print a paper wallet. Also, note that you purchase using cash which you insert into the machine. Some things to know as you buy Bitcoin for blockchain using an ATM is that you cannot get a refund due to its nature, and you only buy for yourself. The main downside of the ATMs is the high transaction fees.

Buy from a physical office

Source:dw.com

“Can I buy BTC in person from an exchange?” you may be asking yourself. Yes, you can because some exchanges operate physical offices where buyers can walk in and buy BTC and other coins in person. One such exchange is Nakitcoins that runs a physical office in Turkey. It is the first physical crypto exchanger in Turkey that enables people to buy and sell digital coins in cash, with no limits, securely, and with all the privacy they need.

Buy from a seller willing to have a physical meeting

Source:katiewager.org

Another option to buy bitcoin for blockchain is to look for a seller who wants to sell to you by meeting in person and close a cash deal. Fortunately, you do not have to struggle a lot because you can use some platforms like Localbitcoins, Localcryptos, or local.bitcoin.com and filter by your area to find sellers near you. After that, contact them to see if they can meet you so you can buy and transfer Bitcoin into your wallet in exchange for cash. Irrespective of the terms of service for those platforms, for example, not allowing physical meetings, most sellers are happy and willing to arrange cash transactions.

However, you naturally have to establish trust between you and the seller and it would be best to start with relatively lower amounts and then build up to larger amounts as trust gets stronger. Moreover, you can use social platforms and other sites to reach sellers; for instance, you can use LinkedIn to find BTC sellers within your area. Finally, although there are time-wasters to filter through, you can buy your bitcoins in person once you get a reputable and reliable seller.

Now, you have the answer, if you have been asking yourself, “Can I buy BTC in person?” You can buy your bitcoins in person using bitcoin ATMs, from physical offices of some of the exchanges, or by finding sellers willing to meet in person.

How to Start Trading With Bitcoin – 2021 Guide

For some time now, digital money represent an ideal opportunity for an investment, and as such, it’s pretty understandable that the crypto community is only getting bigger. But, some may still find it difficult to comprehend all the things about blockchain technology, crypto trading platforms, and all other matters and terms closely connected to cryptos, and that is pretty reasonable since this new technology is still a new one, but luckily, everyone interested in investing and dealing with Bitcoin can find many trustworthy sources to get informed and start with their crypto adventure.

Source:medium.com

Nonetheless, when it comes to approaching the segment of crypto trading possibilities, you have to make sure that you have all of the additional things into consideration. That is of great significance because, in order to establish a rather successful approach, it is necessary to do some research to be prepared for crypto trading. In addition to all of this, a particular approach of this sort will open up so many impressive opportunities that will help you bring closer to achieve all of the goals and trading preferences that you have in mind. Here, if we take a look at the popular notion of cryptocurrency and all of the technological updates that are incorporated, we will get a chance to build a better understanding of the rise in popularity of this crypto trading segment.  That will help us find the best and most suitable way that will help us start our Bitcoin trading journey that many people still find challenging and confusing.

Having all of this established, it is time to start today’s topic of discussion and learn more about it.

The Current Trading Methods

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When it comes to taking the approach of Bitcoin trading possibilities, we will have to make sure that we have completed thorough research regarding the available options that will help us explore all the possibilities with a certain amount of experience that we have. Doing so will give us a chance to create a rather applicable strategy, which will help us base our further trading journey. The research may seem like a tedious and annoying job, but it is the first step for any successful business operation, and there is no difference with crypto trading, so it is necessary to be done in the right and proper way. By doing so, we are avoiding any possible problems that may occur, and, of course, we are doing everything in order to stay and remain safe during each trade.

Taking into consideration all of the possible trading options and methods that are available for us to use, we will get a chance to find what works the best for us and what option gives us the most benefit. That will allow us to take the approach that seems like it is going to help us earn big profits with the trading knowledge that we have. Proper research can save us from losing all the money due to unsafe trading and bring us much bigger profits, and the best way to ensure we profit is by finding a reliable and reputable platform. Finding a reliable one before taking any action is necessary because there are many scams, and it is crucial to have all relevant information before we start.

The Bitcoin Trading Platforms

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Once you have managed to explore the segment mentioned above, you will get a chance to take the next big step in this guide, which is the concept of using Bitcoin trading platforms as the main source for your trading experience. Here, you can simply visit this website, bitqh.app, which is going to help you explore their trading app that you can immediately download. The download process is simple, and by following a few simple steps, you will be ready to start trading in a few minutes. The application is great for both experienced users and those people who are trying it for the first time in their lives, and using it does not require some special preparation. Those who lack experience will find it helpful that there is also guidance and advice on how to make the most out of every trade.

With this app, within this particular concept, you will get a chance to discover all the possibilities that will result in insane profits. The profits are generated by the specific trading technology with which this platform is operating. However, in order to activate this segment, one will have to go through a series of trading steps to become a successful Bitcoin trader, but there is no need to worry since those steps are not that difficult and do not take long. As we already mentioned, the platform is made in such a way so that anyone can understand. That, along with the fact that going through those trading steps is pretty easy, just enhances the whole experience, even for those who are trying it for the first time.

The Process of Registration

When you open the trading website we have mentioned above, you will get a chance to find a simple registration form right in the beginning part of the site. That is the most important step that you have to complete in order to activate the trading algorithm. All one needs to do here is to provide all of the required information to establish the online Bitcoin Trading Account. Read the steps carefully and complete the entire profile in the beginning because the information you provide is crucial for further actions and withdrawals.

When all of this is completed, you will have to place the initial deposit that can be of a minimum of $250. Do not worry, that money will be soon in your possession again because trading is all about earning money, and one cannot invest in anything without having to place their money, so it’s perfectly normal.

The Process of Bitcoin Trading

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Once you have created the account and placed the initial deposit, you will get a chance to take a look within the process of Bitcoin trading, thus learn all about the powerful Bitcoin trading algorithm, as the algorithm is actually doing most of the work.

This particular trading app is based on the most powerful AI technology that is used in a way to create this automated trading system that is operating at the highest speed rates while maintaining the levels of trading accuracy. What this means is that AI is doing all the calculations regarding when, where, and in how much to trade, and since it is top-notch AI tech, it provides impressive results.

The Bottom Line

When you take a look at this particular trading process, you will get a chance to see that it is perfectly suited for beginner traders, as it is a rather safe and secure trading source that is reviewed by experts on both crypto publications and the mainstream media.

Implement all of the things we have discussed so far, thus approach the process of Bitcoin trading success.

The Dos and Don’ts of Bitcoin Freelancing

Of all the recent additions to the Bitcoin profit options roster, one of the most popular amongst users is Bitcoin freelancing. When it comes down to it, this isn’t surprising at all. Freelancing has taken new wind thanks to the internet and technological advancements of the 21st, and we can’t help but be grateful for it. People worldwide have a chance to work from the comfort of their own homes and make a nice stream of income in multiple currencies, including Bitcoin! So, if you’re thinking of joining the new wave of Bitcoin freelancers, here are the dos and don’ts you should consider.

Give Your Skills a Boost

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Even in the Bitcoin freelancing market, finding work can be insanely competitive. Employers expect to see freelancers who know their stuff and can deliver excellent results, and we can’t say that we blame them. No matter what type of gig you’re applying for, making sure that you have the skills to do the job right is essential. In situations like these, it’s better to be overqualified than just average, so if you want a successful Bitcoin freelancing venture, you’ll need to upskill yourself a bit.

Another important thing to consider is what jobs you’re applying for. While there are a plethora of choices in different fields, not all of them pay the same. If you’re not happy with making small earnings from simple jobs, then you should consider venturing into some of the in-demand fields on the Bitcoin freelancing market. Fields like digital marketing, coding, and app development are a few of the best-paid ones you’ll run into, so take a few courses and put what you’ve learned into practice.

Do work with cryptocurrency-focused freelancing sites

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Now the world already has a lot of cryptocurrencies and people are using them. There are specific platforms like “Freelanceforcoins” and “WorkingforBitcoins” that allow payments through cryptocurrencies. All these freelancing sites are cryptocurrency-oriented. Therefore, whether you are offering your services or you are looking for a gig, you can deal in coins.

The amazing thing for freelancers is that currently, cryptocurrency-oriented freelancing sites have less competition. Therefore, if you are one of those service providers, you do not have to do much. Create a gig and wait for getting your order.

If you have better services to offer and have high-quality work, you will definitely win. Furthermore, getting Bitcoin as payment is always a good thing. Because their price changes. You might earn more with the right timing.

And the best thing for service finders is that they can get their work done at less price. As mentioned above, the competition is less. Therefore, the freelancers do not cost higher at these new sites. On the other hand, if you go to some traditional sites like Fiver or Upwork, the rates a quite higher. If you want quality work, you will have to pay
much more price for it.

Do learn about cryptocurrency trading

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This is especially important for freelancers. Although you might be well-off with doing your freelancing job. But you need more than one source of income. The best way is to learn about cryptocurrency trading. The price of cryptocurrency is volatile. You might get 1 Bitcoin for doing the job and the very next day the price drops down. Thus, you will be at a loss.

However, as I have said before, it is volatile. If the price dropped down today, it might rise again. So if you have decided to work through Bitcoins, it is better to learn more about trading. You must know how things work in this market. This will increase your profit ratio many times.

All you have to do is to wait for the right time to sell your coins. If you observe an increase in the price, you can sell
your coins. But if the price is dropping, you can wait for a stable time and then use them to do whatever you want.

Don’t Get Too Comfortable

If you’re expecting something low-effort that allows you plenty of free time, Bitcoin freelancing might not be the right choice. A more relaxed alternative you can go for is automated trading. By using top-notch automated trading platforms like Immediate Edge, users can earn a nice passive income that gives them enough freedom to enjoy their pastimes. Thanks to the AI trading bots these apps boast, users can sit back and relax while the software automatically invests in opportunities with great potential.

It’s safe to say that Bitcoin freelancing isn’t for everyone. Unlike most other Bitcoin profit options, Bitcoin freelancing doesn’t rely on luck and predictions but hard work and dedication. Whether you see it as part-time or full-time work, the activity still entails working. You’ll need to spare a fair amount of time out of your day to complete jobs, which can seem impossible if you already have another day job. Essentially, if you don’t see Bitcoin freelancing as a job, it’s probably not the right choice for you.

Don’t Apply for Every Job

We’ve already touched on this, but we feel like there’s plenty left to say on the subject. As we mentioned, employers expect excellent results from freelancers. Whether you like it or not, the freelancing world can be very high-maintenance, so harsh critiques aren’t a rarity. Since many freelancing sites work with scoring and review systems, subpar work can leave you with a bad rating, which can massively impact your chances of finding work in the future.

When you’re starting, we recommend applying for gigs that aren’t high-impact. Find gigs that don’t carry too much responsibility and make sure that you can finish them without a single misstep. The pay may be lower, but it will give you time to learn the ins and outs of the market. Even if you’ve taken out advice and signed up for a top-notch coding course, you should avoid gigs in the field until you’ve gathered a bit of experience. Start small to get a good rating score going and work your way up over time.

To sum up…

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Bitcoin is changing our market and so does the market for freelancers. This is the time for them to do something so they can work in advance with their competitors. Freelancers have time to take a step ahead of their competitors. They can make their name on the latest platforms by providing better services. However, they should not ignore customer management and take this business as a token.

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