Bitcoin - Page 7

Should you invest in ICO

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An Initial Coin Offering or ICO is a new way of funding that uses cryptocurrencies. This cryptocurrency is sold in a form of tokens in exchange for other cryptocurrencies such as Bitcoin or Ethereum. Basically, ICO is a modern way to raise capital for all sorts of projects. In this text, we are going to break down ICO step by step for you, and also talk about the benefits of investing in ICO.

How does ICO exactly work? ICO is, in a way, an equivalent to IPO (Initial Public Offering) i.e. companies sell stocks on the market to raise funds. ICO is the same thing only in the virtual world, but the difference is that the ICO uses cryptocurrencies.

First of all, a company or a developer comes up with the idea for a new blockchain related project and presents it to the community. If that project gets support from the community, the developer draws up so-called white paper. A white paper is a document of about 2500 words which provides all information about the project. In a way it is a marketing tool because its main goal is to attract investors, but the document is formally written and it states all the features of the project, future plans, information about the developers and also how much money is needed to launch the certain project and also how long the ICO campaign is going to last.

Img source: cryptocoinspy.com

Secondly, the developer creates their own tokens which they are going to exchange for Bitcoin or ETH. Creating a new token is easy and the company has to establish the price of each token, which is usually low at the beginning, as well as the limit to the number of tokens i.e. the amount of money the developer wants to collect.

The last thing the developer has to do is to promote its ICO on one of many platforms such as Waves or Token Market. If the ICO campaign is unsuccessful i.e. if the developer doesn’t collect the required amount of money, the tokens are returned to the investors. On the other hand, if the required amount of money is collected during a specific timeframe, the campaign is declared successful and the money is used for the development of a certain project.

If you are considering investing in ICO, check out this ICO list to find the best projects. Here are some benefits of investing in the ICO.

Clearly, the main benefit of investing money is ICO is the profit. When you invest in ICO, in reality, you are investing in the early stages of a certain project. For starters, you should invest the amount of money you can afford to lose. There is no guarantee that the ICO will be successful, so you shouldn’t invest a large amount of money. Once you invest money in a certain token, you can be sure that its value will increase once it hits the cryptocurrency market.

Img source: cryptocoinspy.com

Secondly, the company in which ICO you’re investing will grant you certain discounts when it comes to their project or services. This is the main strategy of every company to attract new customers or in this case, investors who will provide them with the necessary funds to launch their project. In addition, by purchasing a certain token, you’re investing your money in the future. How? Well, you will buy a token for a low price, and the value of that token will increase in the future thus you’ll be able to sell it for a much larger amount of money.

We have presented with some basic feature and benefits of ICO. If you opt for this type of investment, make sure to investigate the ICO you want to invest in since this a fairly new way of rising funds and it is not yet regulated by law.

Reasons why cryptocurrencies are here to stay

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Years from now, who would think about us using 4G or 5G that we will need to rely on in order to perform money transfers and transactions in our daily lives? Starting from paying for our commute to work to ordering clothes online. The Blockchain is one such technology, that will soon transform the way industries work. Before we look at the reasons cryptocurrencies are the future, let’s first take a look at what are cryptocurrencies and what is the Blockchain technology.

What is Blockchain?

The blockchain is a technological creation, that forms “chains of blocks”, under the DLT (distributed ledger technology). Each of the blocks contains data from various transactions, which are all secured and verified. They serve as the base of the technology in which cryptocurrencies act as assets. Potential applications include transferring funds, settling trades, voting, and other things.

What are  Cryptocurrencies?

Cryptocurrencies are resources that work in the Blockchain technology, known as the medium of exchange for the digitalized era. One of the most popular currency is Bitcoin. All of the transactions are decentralized, and there is no involvement of banks or governments. It is an advanced technology, which is expected to be accepted by people all around the world.

Here are the reasons why cryptocurrencies are the future:

Img source: steemit.com

1. It prevents scams and hacks – one of the best advantages of these currencies is that it will prevent payment scams. When needed, the data will be acceptable to all users, which leads to transparency. Blockchain has a shared ledger which no one can tamper with. Information will be shared in real time, and the ledger will be updated when all the involving parties agree on it. This can reduce the chances of fraud, as well as reduce the time and costs needed for specific transactions.

2. More employment opportunities – the job market in the crypto world is expected to grow. Today, there are several places where people can get training in this technology. However, as the demand becomes higher, the supply also increases. Some of the jobs that might be available are cryptocurrency traders, full-stack bitcoin developers, blockchain solution architects, and so on.

3. Blockchain in financial institutions – now that some financial institutions are aware of the disruptiveness of Blockchain, it is expected that it will reach a critical mass by the year 2020. This technology allow to speed up the whole process by implementing cross-border payments, it can also help with commercial transactions and agreements by using “smart contracts”.

4. It is easy to use and it is secure – it is already easy to use this technology, and it is expected o be even easier. For example, when property transfers are secured by blockchain technology, we will no longer need to rely on a third party to verify them.

Img source: namecoinnews.com

5. Transactions are fast and private – bitcoin can do up to seven transactions each second, thanks to its Lightning network. This means that the application will be able to perform millions of transaction per second. It will most certainly help with the adoption of Bitcoin and other cryptocurrencies.

6. Investment is easier – by tracing the bitcoin exchange rates. There are various companies that offer bitcoin exchange rates. Companies like Areatak Global offer people the chance to see updated lists in real time, and it is also free of charge. So, if you are interested in what the exchange rates are, make sure to check the lists.

Conclusion

One of the most important features of cryptocurrencies is that YOU own it. There is no other electronic cash system today in which your account will be entirely yours — for example, PayPal. If the company decides that your account is being misused (for any reason), they have the power to freeze your account. With cryptocurrencies, only you will own the key to your account and only you will be able to access your funds. No one will be able to take your money from you, and that is one of the most beautiful things about cryptocurrencies.

Reasons why you should invest in Cryptocurrency

Before taking a look at the reasons you should invest in cryptocurrency, lets first have a brief reminder of what they actually are. Today, cryptocurrencies are a worldwide phenomenon known to most people. While some people might not understand it to the full extent, most banks, companies, governments, and people know its importance.

A cryptocurrency is a digital asset that is designed to work as a way of exchange that uses cryptography in order to make secure transactions, control the creation of additional units, as well as verify the transfer of your asset. They use a decentralized control, as opposed to centralized digital currencies and central banking systems.

In 2017, Bitcoin burst into the scene and started growing in price at a very fast rate. Trading this currency has become a worldwide trend and the number of people deciding to invest in them has exceeded 500 million. However, you might ask yourself, should I invest in this currency? Here is a list of five reasons for considering:

Source:btcwires.com
  1. Your money will always stay yours – the important thing about the success of Bitcoin is the technological control it has. Thanks to innovation like these, electronic transfers can be made in a faster and safer way. Blockchain will encrypt the data, which will prevent access to if from all internal sources at every stage of the processing. The parts that contain the data are stored in a decentralized way, which basically means that the information cannot be deleted or copied. Think about what happens if your money is stored in a bank. That bank could claim bankruptcy and you will lose all your money. However, if you invest in cryptocurrencies, your money is yours forever.

 

2. No government involved – Blockchain offers a new approach of asset handling, from now on, there will be no          “middlemen”, such as governments or banks. They have no control over the circulation of the digital assets  and           there is no way they can access the data related to the transactions done with Bitcoin. One of the main reasons             to invest in these currencies is probably the integrity and safety of virtual money.

Source:saga.rs
  1. Blockchain has an important role – although it does allow anonymous transactions, Bitcoin is built on the concept of being transparent. What that means is that the details of the transactions are all stored in the Blockchain and it can be viewed when needed. This particular feature can be valuable when public transactions are done.

 

  1. Investment is simple as never before – today, every person that has Internet access can invest in Bitcoin. Here is what you will need, a plastic card to purchase cryptocurrencies online, you will need to create a cryptocurrency wallet, find a place to invest in cryptocurrency, create a purchase offer or find requests that are ready to answer, and as soon as you make a purchase and pay for the virtual money, the coins will be transferred into your wallet.

 

  1. The forecasts are promising – as a real or potential investor, you should focus on long-term profitability. If you analyze every shift in the cryptocurrencies, it will probably drive you crazy. Hence, you could panic and sell the money for a lower price that you actually purchased it for, resulting in a major loss. So, why should you invest in it? Cryptocurrency fluctuations are unavoidable. It happens all the time and that is why making short-term predictions is harder than making the long-term one. Bitcoin and other popular virtual currencies are likely to grow in the next 2-5 years. Hence, if you are looking for a long term investment with the chance of getting a serious profit, choose the long-term plan.
Source:hackernoon.com

One of the factors which is important if you are even thinking about entering this market is to follow what’s going on. The market is ever-changing and following cryptocurrency news on a daily basis is crucial for you to make right decisions.

Initial Coin Offering – What You Need To Know

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Cryptocurrency is one of the investing areas in the current World. Bitcoin and Ethereum are examples of cryptocurrency. One may wish to invest in an Initial Coin Offering (ICO) where he/she can buy some cryptocurrency. This business is very profitable though very risky for people who don’t know how to deal with the market since they can land into scammers and finally end up losing their capital. An ICO has emerged recently as a concept of crowdfunding projects in the industries that deal with Blockchain and Cryptocurrency. ICO is sometimes referred to as “Crowdsale” when a company chooses to release its own cryptocurrency with a main purpose of funding. The company sells a certain amount of crypto-tokens to its intended audience in exchange for Bitcoin, but still, the exchange can be done for fiat money. Through this, the company is able to get capital that it can use in funding its projects while the audiences get their crypto-tokens in return which they have complete ownership.

Img source: steemitimages.com

Mastercoin was the first project to ever launch an ICO. In 2013, it was able to secure $5 million worth of Bitcoins after selling their tokens. Other companies later followed this trend that would help them fund their business. In 2014, Ethereum which is a was able to raise over $18 million using ICO, and also Waves in 2016 still was able to raise $16 million from the ICO, and this helped them run their companies.

Launching an ICO is very easy, and everyone can do it at their own will as long as there is a tech set up. This has led to a lot of scamming since there is no regulation that can stop someone from thinking that the idea is great. Developing software in the current world is very easy, and everyone can develop one and launch an ICO. After launching the ICO he/she can table the idea and if one is not careful money can be absconded from you. When getting into a new ICO one need to do thorough research so as to avoid been scammed.

Img source: international-adviser.com

Bitcoin evolution works best for people who wish to invest in Bitcoin. People who invest in Bitcoin usually forecast and predict the future market, and through this, they are able to make a good sum amount of money for themselves. Bitcoin evolution is an innovative Bitcoin trading application which has the ability to utilize the application for mining cryptocurrency.

For one to be able to carry out Bitcoin evolution, there is a specific feature one need to observe in the Bitcoin evolution software. Those key features are;

  • An award-winning software
  • Flawless functionality
  • An excellent technology

An award-winning software is that software that is well updated performs efficiently and it is less complicated. People should find software that makes their work easy and can operate in it without any problem. If the software has won an award, this makes it find to use in trading of Bitcoins.

Img source: mxicoders.com

Bitcoin Evolution software needs to be flawless in its performance. This feature helps the user in avoiding loss of some of his/her currencies. The application has the ability to work on an average of 99.4% precision.

Excellent technology has been used in developing this software. Its speed is ranked to be faster than any other application by at least 0.01 seconds. This might appear to be small, but in the trading industry, it means a lot.

BITCOIN PROFIT – All you need to know

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Bitcoin is a digitalized online currency that records transactions and taking care of them, producing new coins by calculating mathematical answers to problems, and it functions independently. Established in 2009, Bitcoin was mainly designed to ease and quicken online undertakings, and it has recently gained a lot of celebrity in the digital sector.

Bitcoin has a price, and this price keeps changing (mostly increasing) in the current capital market an with time it grows further. Initially, when Bitcoin was emerging, people bought them at lower prices and later, years later after the value of Bitcoin shot up, they now are millionaires if not billionaires. Bitcoin is a dominant, valuable form of currency in the future online platform. The value of Bitcoin keeps on increasing. Bitcoin is a very unique means of trading as it allows almost anyone to win, however, this is not to say that with bitcoin there are no risks. This is why there are strategies in place to help you calculate your risks when using bitcoin.

source: bitcoinist.com

Bitcoin has attributes that allow it to operate like money and make it a vital payment means. That is, it is nearly easy to move Bitcoin to other people or businesses, even for international activities. However, other forms of Bitcoin make it less enticing for everyday activity, including security issues and elusive.

In order to keep its validity and value in the economy, Bitcoin has its strategies, to make sure that the future of bitcoin remains afloat. These strategies are mainly based on supply and demand which simply means when the supply is above demand then the bitcoin rate grows too. The same case when demand and supply are equal then the value of Bitcoin also never changes. Below are the reasons why one should choose bitcoin profit over any other form;

Source:fortunedotcom.files.wordpress.com

1. Secure

With bitcoin, most online platforms will never ask you about your details other than your preferred username and address. This is so because bitcoin operates solely from banks and any governmental institutions.

2. Fastens transactions

The use of bitcoin ensures there are fewer intermediaries like the bank or government to withhold the withdrawal of your cash as long as the online stores authorize it. Fast to make deposits and first to make withdraws.

3. Privacy

With Bitcoin, sellers don’t need a lot of your private details hence keeping you safe from hackers an scammers. People want to stay private and to know that their details are secure an safe. That’s why many people chose Bitcoin.

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4. Low Changeable Fees

Apart from maintaining your details secure, Bitcoin transactions fee is very minimal as compared to other forms. They charge almost nothing hence saving your money. Most people tend to use this Bitcoin in online shops for this reason.

5. Promotions

The most important of using Bitcoin in online trade is it comes with a lot of promotions an bonuses. Once you make a specific first deposit, you get a said bonus and the promotion increases with an increase in sediment.

6. Anytime Anywhere

Bitcoin has no boundaries, one can trade using bitcoin anytime everywhere because it is always on all day any day throughout the year.

Why You Should Use Cryptocurrencies

Cryptocurrencies have been around for quite some time, and Bitcoin was even at $20.000 at some point! There have been many controversies surrounding Cryptocurrencies in the past and while some of them were real, they continue to be a viable option for companies around the world to transfer money faster, easier, safer, and with fewer fees involved.

Bitcoin transactions, as well as Ethereum, have been used by many companies and have proven to work. There’s no doubt that Cryptocurrencies will have a future in our world at some point; it’s only logical as so many things are becoming digitalized.

Source:hacked.com

Think about the first time in history when people traded goods. This was the first form of early “transactions”- people would trade milk for leather. Fast forward a few thousand years and we keep our money digitalized in bank accounts. It’s only natural to speculate that a new form of money will appear. And that came in the form of Cryptocurrencies.

Cryptocurrencies are a touchy subject with many labeling them a fraud, and many praising them for what they can achieve.

So this begs the question, why should you use Cryptocurrencies?

In this short informative article, we are going to explain everything you need to know about Cryptocurrencies, how they could be used, and what they can be used for.

1. Cryptocurrencies Will SAVE You Lots of Money

Source:medium.com

A well-known fact is that Cryptocurrencies are decentralized, but what does this mean to the average person? This means that they are not tied to any bank, or financial institution, and do not require you to pay expensive fees for each transaction. United States merchants have paid more than $100 billion in fees closely related to credit, card processing, and feed set by financial institutions.

Cryptocurrencies eliminate the use of banks and such institutions as they are decentralized. Meaning you can send money to WHOMEVER you like, pay for WHATEVER you want, and not get ripped off by banks.

This is why more and more businesses are using Cryptocurrencies as a way to transfer large sums of money.

2. Transaction Processing is SUPER Fast

Transferring money from PayPal to your credit card can sometimes take 24 hours to process. The Ethereum network takes only a couple of minutes to process, depending on the sum of course. Cryptocurrency transactions happen in real time and they offer high transaction speeds.

3. They are used Worldwide

Cryptocurrencies such as Bitcoin, Ethereum, Ripple XRP, and many more, are widely used around the world. You can purchase goods, materials, services, without needing to pay for the huge foreign transaction fees and exchange rates.

Source:signalng.com

4. Cryptocurrencies are Safe

Cryptocurrencies work very simply; you eighter have them, or you don’t. What does this mean exactly? This means that you cannot spend more than your own. As soon as a transaction is made, it is being added to the blockchain and confirmed via miners. Cryptocurrencies are verified by the blockchain system and both parties approve the transaction. This eliminates fraud, chargebacks, and disputes. When paying with Cryptocurrencies, you cannot be scammed.

5. They are Being Integrated Very Fast into our Society

Many widely renowned banks such as Bank of America, Western Union, PNC, and many more, have joined forces to use the Ripple payment protocol in order to move huge sums of money.

On January 1st, 2019, a sum of around 1 billion Ripple XRP coins were transferred, which equivalates of around $400 million dollars. Are you curious as to how much was paid in transfer fees? The result shocked the world as only 0.0005 Ripple XRP was lost in that transaction- That equivalates to around $0.0001597 by the current price of Ripple XRP which is 32 cents.

 

What is Bitcoin Futures?

The world of cryptocurrency trade, generally introduced in this 21st century, is indeed a truly exciting world. Cryptocurrency simply refers to digital money. Bitcoin falls in this category. Interestingly, like other assets, Bitcoin boasts of a futures market.

But what is a futures market? In a futures market, a buyer accepts to buy a security. This is done through a contract that states the time and price at which the security will get sold. Reflecting on this, one expert on cryptocurrency trade recently declared that selling futures contracts is a great way to short bitcoin. Yet, what are some benefits of trading in bitcoin futures?

Bitcoin futures enjoy the luxury of allowing traders to predict the future price of bitcoin. This is referred to as speculation. But just how do they do this? It’s fairly simple. The ordinary trader simply gets to bet based on the current price of bitcoin and many end up profiting massively on their speculation.

Certainly, the bitcoin futures business is big business. Illustrating this, at a recent launch of bitcoin futures in the US, the event was greeted with euphoric excitement. Amazingly, the price of bitcoin shot to a whopping US dollars 17,382.64 in just one day! Indeed, this was an all-time high.

High Prices of Bitcoin are Perilous

Img source: cryptocrimson.com

Is it such a good thing, in investment terms, that the price of bitcoin should soar so high? Initially, one would say yes. In reality, though, this is far from good. How? Simple. This state of things could be highly perilous for the value of bitcoin in the final analysis. In the end, bitcoin prices might fall sharply.

What are other benefits of bitcoin futures? Some of these are listed below:

  • It provides a central market for traders to speculate, basing on current bitcoin prices and fortunes.
  • It offers transparency to traders
  • It provides a place for centralized clearing of trade.
  • It offers deep liquidity to traders.
  • It affords an opportunity for efficient discovery of price.
  • It affords new investors a choice to bet against the cryptocurrency bitcoin.
  • It gives traders room to settle their contracts in dollars. The extra effect is that their liquidity is greatly boosted.
  • It gives investors a chance to trade in cryptocurrency even though they actually do not own any cryptocurrency. Eventually, this protects traders from any fluctuations in the real-time market. For check some other trading solutions. check algo-signals.com.

Great Lessons in Bitcoin Futures Trade

Img source: openaccessgovernment.org

Undoubtedly, crypto futures today exist as a new market. Yet, is the trade in cryptocurrency futures really so new and peculiar to this 21st century? We might immediately think: Yes. Surprisingly, the answer is, again, no!

Way back in 1750 B.C in ancient Mesopotamia, this kind of trade actually happened! How? As we know, around this time, the fabled King Hammurabi of Babylon introduced a code of laws in his country. Inside the famous Hammurabi Laws was a requirement for his people to trade in goods for a specified price and at a future day.

A key component of the bitcoin futures dealing is what is called a futures contract. A futures contract is a deal to sell or buy assets at a set price on a decided date in the future. Under such a contract, one party usually buys either bonds or stocks or other commodities bitcoin, oil or gold. These are delivered only later. The other party to the contract, on the other hand, accepts to deliver the assets as arranged.

Interestingly, an important requirement of the bitcoin futures contracts is that they must be traded on exchanges that are standardized such as the CBoE or CME. Ultimately, the arrival of bitcoin futures in the world of business has had one major effect: It has encouraged traders to invest in digital currency. The ripple effect is that today the cryptocurrency Bitcoin has joined the ranks of mainstream finance options for millions of people around the world.

In conclusion? The choice is ultimately yours. What is certain is that the trade in bitcoin futures is certainly here to stay; for posterity.

Bitcoin Revolution Is Only Just Beginning

Bitcoin emergency as one of the best investment ventures wasn’t a major surprise, was it? With the populace doing everything within their means to make sure that they had a stake in the new found darling, no one thought of how the future of Bitcoin was going to be. Us investors with sharp entrepreneurial minds any opportunity that presents itself will never go unploughed to gauge whether it’s worth giving a shot or not. This is precisely the case with Bitcoin. Investors from different walks of life have genuinely given up every resource and valuable thing to have a test and feel of Bitcoin bubble. As you go through this write-up you will get to notice where everything started going south in this once famed avenue of creating wealth and minting money to necessitate a revolution with a vivid elaboration of the phrase Bitcoin’s Revolution has only started…

source: golegal.co.za

Bitcoin Prices

Having once been a hit and up there, the prices of Bitcoin considerably fell. This, therefore, meant that for the new holders of Bitcoins, for them to get back a recoup of initial investment they had to sell at a loss or wait for the possible buoyancy! With the fall of Mt Gox, Bitcoin prices, popularity, and confidence in it as a viable investment option considerably fall below per. With the spelled doom, therefore, it meant the beneficiaries of the Bitcoin trading were the pioneers and those that had the patience to wait for the stabilizing of the markets trends in the future.

Lack of consumer protectionist policies in place

Being a means of exchange that is not back up by any government of financial entity, Bitcoin security threat is becoming one of the major concern to facilitate a revolution. A consumer of the coin is not guaranteed the top class security that he or she requires for the investment of such magnitude. Rampant cases of theft and loss of the coins have been immeasurably alarming with no functional systems put in place to monitor and secure the transactions parse.

With all this, a Bitcoin revolution cannot and will never cease from happening!

source: cryptocrimson.com

Fewer profits mining Bitcoins

Mining, a process of bitcoin creation is one of the significant players fueling the revolutions of Bitcoins. Just like production is key in the maintenance of any flow of goods and services in a market set up so is the case with the Bitcoins. The slump in prices has had a significant role to play in the whole process of production and mining. With the increasing demand and entry of new investors in the market, there should be a relative and steady increase in production to satisfy the need there is. Those that have taken a swipe at this once lucrative venture of mining the Bitcoins are no longer working up to the delivery of this vital service because of the turned sour process of doing it. What does this therefore mean? Revolution in Bitcoin trading is an unstoppable affair if the current trends are anything to go by. You can also check bitcoin-evolutionpro.com for more options on bitcoin trading.

Adoption rates

What do you think will happen in the case where the adoption rate is below par? Will this affect the Bitcoin as a means of transactional exchange or not? The answer here is simple, and because there are many such related to the transaction with other options apart from Bitcoins, then it means a revolution has to occur to bring Bitcoins back to its feet. Adoption and acceptance by everyone is a unique feature for any currency or a means of exchange to successfully penetrate.

Trends and Seasonality

source: bitcoinist.com

Bitcoin as a trend currency, if this is the perfect phrase to be used, which means that it’s possible that the coin is either here to stay or vanish altogether! Depending on how things will turn out (a revolution) greatly determines what the future holds for all the Bitcoin fraternity. Far from the fact that no legal systems are put in place either in support for or against this type of currency its also worth noting that the said governments or the financial institutions are holding conversations about how this currency can be of use to them. This means that the whole concept of Bitcoin as a medium of trading can be altered if the trends are anything to by.

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