BTC

Is Ethereum a Good Investment in 2021

Modern technology offers modern solutions and new opportunities to earn money online. One of those opportunities is, without a doubt, investing in digital money, a trend that is taking over the world for a couple of years now.

For quite a while now, technology is shaping our lives, and today, the internet represents a place where we all spend most of our time, and since that’s the case, it’s nothing strange that virtual or digital currencies are the main topic. From 2009 and the launch of Bitcoin, everything changed, and our financial and economic world faced some serious changes too, and those changes are yet to reach the peak as the peoples’ trust in cryptos gets stronger. Fiat money will never look the same, and even though we are only at the beginning, we can already notice that everything is shifting into the crypto world.

Source:proactiveinvestors.co.uk

Speaking about cryptos, BTC is something like a synonym for all digital currencies, and people often get mistaken when they talk about other cryptocurrencies like Ethereum. Although Ethereum was not the first, it is the one crypto with steady growth and with the trust of so many people all around the globe, and this is mainly due to its specific encryption, but with BTC reaching new highs and with experts’ prediction that its value will only go up, many people are now wondering whether the Eth will have similar faith. Being more affordable than BTC, Ethereum has a starting advantage as most investors are turning to it as a way to invest in the future and be a part of the virtual money revolution. Those new to all this may face some uncertainties and may not be familiar with how all things work, which is why most of them do not know whether to invest in cryptos or not. And those who decide to invest in cryptocurrencies are facing one even more important question – in which crypto should they invest their money. Eth is a simple and a choice that no one should overlook, and for many reasons.

Bitcoin is certainly the most popular and the most widespread crypto, but today, there are over 5.000 different cryptocurrencies. One that stands out from the crowd and that draws attention to itself is surely Ethereum.

Firstly, from its start, back in 2015, Ethereum offered something different to this market, and even after the split into ETH classic in 2016, everyone still believed that it is the best currency to invest in, and now, it is pretty obvious why. Today, six years from the beginning, the future looks even brighter for the ETH. Of course, during this period from 2015, its price faced some ups and downs, and as was the case with all other cryptos, many expected that all that hype would end pretty soon, and they couldn’t be more wrong. Talking about what to expect in 2021, what most people see or can read about is the new price high of BTC, and even after the correction and slight price drop, its value continued to grow, which is also something we could all expect from other cryptos.

Source:financemagnates.com

We cannot escape the fact that in the past couple of months, the growth of Ethereum and other smaller cryptocurrencies was triggered by the strong momentum of Bitcoin. But one of many advantages of the Ethereum network is that it has much better support for applications, and in experts’ opinion, it is something that sets ETH apart from every other available crypto currently on the market.

A lot of companies that are giants announced that they would invest in digital money and even launch their own digital currency. All that was great news for every single crypto investor in the world as with accepting cryptocurrencies and moving into this market, global companies started a trend that could possibly be pretty beneficial for everyone. That, along with PayPal accepting BTC as a way of payment, is something we should be thankful for as it means that the price of ETH will also rise.

Many factors dictate the price and the value change of every crypto – a reason more why it is crucial that governments accept digital money as a way of payment, and even in this field, there is some good news. Namely, in the past year, a lot of countries, in one way or another, accepted digital money, but what is even more important is the fact that the US government announced that it would further regulate it in the year ahead of us. Truly great news, knowing that by doing this, even more people would start investing and place their trust in cryptocurrencies.

These are some of the general reasons why investing in ETH could be the best option, and with the launch of Ethereum 2.0, a lot more investors will look at ETH as the currency of the future. What ETH 2.0 is offering is an advanced security and even faster transactions method, which is something we all want and like. Although there will always be a chance for cyberattacks, this new and advanced system will reduce those potential harmful attacks to a minimum, so no one would have to worry about its private and personal info, as well as the money. If you want more info on this topic or want to learn how to invest in BTC with proper guidance, luckily, there are some great websites for that – go URL.

Source:valuethemarkets.com

Another advantage is that Eth has the best risk/reward ratio in cryptocurrencies, and blockchain computing could be the future of cloud services, which is an even more reason why investing in it should be your top priority. In addition to that, decentralized finance (Defi) is now considered the best use of Ethereum cryptocurrency. Such markets allow automatic transactions without permission to anyone who owns an internet connection. What better proof that we should take a closer look at ETH in 2021 as it will, by many predictions, reach new highs and provide great profit to its investors.

What are the Main Differences Between Bitcoin and Bitcoin Cash?

Many people are aware of Bitcoin and Cash cryptocurrencies. They are trading and earning massive amounts of money through these digital currencies. Everyone knows that Bitcoin was initially known and popular virtual currency, introduced by Satoshi Nakamoto in 2008.

Many people get confused between Bitcoin and Cash. These terms sound the same but are different in terms of everything. The Cash is the update of the BTC with additional changes. It is not only virtual currency but also has its blockchain. The BTC transaction is relatively secure and fast.

The price is increasing day by day, and many people cannot afford to invest in it. On the other hand, BCH is available with slight modifications, and people can afford it. Visit bmmagazine.co.uk to know some differences between these two cryptocurrencies that sounds similar.

In the following write-up, we will discuss more Bitcoin and Bitcoin Cash, including their differences. It is crucial to determine the comparison to invest in a better commodity and earn a massive amount in the future. Let us discuss how these cryptocurrencies are helpful for your investment.

Comparison Between BTC and BCH

Source:youtube

Let us compare these two digital currencies by knowing their massive differences:

1. Price

No cryptocurrency can beat Bitcoin in terms of price. With time, the BTC price is rising. According to the records, the price is increasing more than 120 million percent. After 2010, the economy of the world went into a significant recession. At that time, the value increased, and people invested their assets.

The financing world is changing a lot after the invention of this digital currency. On the other hand, BCH is stagnant, and there is no such increase in the price. The existence is not much sturdy like Bitcoin. There is a total increase of almost 65% from its time of invention.

But many people are showing their interest in the investment. If you are a beginner and cannot afford much on virtual currencies, it is the best option for making any small investment.

Source:masterthecrypto.com

2. Hash Rate

Again, BTC is the winner if we talk about the hash rate. It defines the mining power, and hence, the network of Bitcoin is quite powerful than the Cash one. Many miners are dealing with a crypto asset to safeguard their network, as well as validate all the transactions.

If we compare these two virtual currencies in terms of exhalates, then BTC is 100 and BCH is 2. Whenever you think about investing your money between these two, ensure that you consider their hash rate. It is a significant thing that one must consider before any money investment.

3. Adoption

Source:newsbtc.com

People across the globe are dealing with different cryptocurrencies, and everyone has adopted Bitcoin. If an investor knows how to invest and achieve profit, then he can earn a massive income. It is crucial to determine the correct method and the right way of implementation.

In the end, the investor can get a sum in return. If you check the daily transactions, you can observe that people worldwide have faith in it, and they are investing too. In case of adoption, BTC is beating BCH.

People do not rely much on BCH, and hence, they are not getting enough profits. The transaction cost is relatively minimum in Bitcoin. It is one of the biggest reasons for investing and exchanging currency in it.

4. Transaction Fees and Speed

Source:newsbtc.com

If we compare the speed of the transaction in both cryptocurrencies, then BTC is faster than BCH. High transaction speed is the massive reason for many people to adopt it. The blocks are placed in a queue, and all the transactions take place in an order.

If you want to prioritize the blocks, then you have to pay extra money. If you pay more, the exchange will be done quickly. On the other hand, BCH can carry more transactions in blocks. The cost of the transaction is comparatively less than BTC.

Therefore, many people prefer investing in it. Many individuals think it is hard to meet their requirements if they use BTC for millions of transactions. It is a significant factor where the Cash is leading Bitcoin.

5. Size of the Block

Source:coindesk.com

In Bitcoin, the block size is small, and in Cash, the size is large. According to different sizes, it can hold a different number of transactions. With the advancement in technology, both cryptocurrencies need to scale up.

They want to increase their block size and utilize more technologies for increasing efficiency. If we talk about the size of the block of BTC, then it is one megabyte. It can hold millions of transactions at the same time.

Whenever any user asks for the exchange, his request gets attached in the queue. All the miners require high computing power to solve complicated algorithms and equations of these cryptocurrencies. The block size matters a lot when you are deciding to make any investment.

It is crucial to get enough knowledge about the block to know how various methods take place. The size of the block plays a vital role in dealing with transactions efficiently.

The Bottom Line

Comparing Bitcoin and Bitcoin Cash is quite crucial before making any investment. If you are planning to buy any asset, you must know whether it is profitable for you or not. Many people are aware of various cryptocurrencies, but some differences make them decide to invest differently.

Undoubtedly, no digital currency can beat BTC, but BCH is the similar one with variant functionalities. It is crucial to understand their common differences for deciding on the investment. Go through complete details to make a wise decision. If you want to make frequent transactions at a low price, you must decide which one is better.

Every person has different requirements, and you can choose any digital currency that fulfills your needs. Make the right choice to get massive profits in your future. Initially, if you make the right decisions, then only you will have a better future.

6 Podcasts Every Crypto Trader Needs to Follow in 2021

Cryptocurrencies are getting more popular in recent years, which is not such a surprise considering the rise in values of some of the most popular options. This model of virtual money represents the future of transactions and offers many benefits when compared to the current financial system. For example, a high level of security and anonymous transactions cannot be intercepted or controlled by any authority. Also, you can avoid high fees that you have to pay in the banking system, which is especially good when you want to transfer the money to someone from another country. The ability to use an e-wallet for payments is especially useful for online services.

On the other side, one of the main reasons why blockchain technology and cryptocurrencies are so attractive to investors is because of the high volatility on the market, and many of them might bring them huge profits over time. The best example is BTC, which is reaching new records in 2021 with the current price of over $45,000. If you bought it only a year earlier, the profit would be ten times bigger now. If you are interested in trading with Bitcoin, visit btcloopholepro.com.

Source:afnor.org

Moreover, besides the BTC, there are many other trading options with great potential to provide you with profit over time, such as Ether, Monero, Dogecoin, and more. There are over 2,000 available units on the market. However, it is not so easy to select the right one since only some of them will continue to grow in the future. Also, you have to be aware of various factors that are affecting the prices of cryptocurrencies like supply and demand, efficiency, speed of the system, and global events like recession, official regulations, and more. Therefore, the best way to learn more about the whole market is to read analyses from experts or to listen to their podcasts. Here are some of the best podcasts related to the crypto market in 2021.

1. Hash Power

While most people have already heard about blockchain technology, many of them are not so familiar with this system and how it works in practice. A lot of people would choose to invest in popular trading options, but getting advanced knowledge about them could make the trading more efficient. Therefore, if you don’t know much about this system, we suggest you check one of the first podcasts related to this topic, the one lead by Patrick O’Shaughnessy, where you will get the basic knowledge about the technical details.

2. BTC Audible

Since Bitcoin represents the most popular option, we assume that you will be looking for a podcast that will explain to you more about the first digital asset. In that matter, you should look for Guy Swann and his Audible, where you can learn more about the advantages that you can get from using an e-wallet as a standard way of payment. The main advantage of this channel is that you can learn more about both technical specs and global factors that are affecting the future of this virtual currency.

3. The Pomp

Source:coinpedia.org

The host of this channel, Anthony Pompliano, will introduce you to big names who began to invest in the crypto market. The most interesting part is that you will find out about some successful people who were claiming that this market will never become stable and that investing in Bitcoin and other digital assets is not effective in the long run. However, many of them have changed their opinion. The most recent example is Elon Musk.

4. What Bitcoin Did

Source:blog.btcbox.jp

In this series, you will learn more about the rise of BTC and how it affected the whole market of cryptocurrencies. The main reason for creating the blockchain system was to find a way to avoid the banking system that was collapsed under recession in 2009. This topic is especially popular these days since there is a high chance for another recession caused by the lockdown measures during the pandemic.  Also, you will hear some examples where people managed to determine the right time for investing that brought them high profit. Peter McCormack, who is the host of this podcast, is also interviewing many successful people in this branch.

5. Unchained

Source:beincrypto.com

This is a great option for people who just started trading with coins and tokens. Laura Shin is a well-known expert, and she is interviewing many people with a lot of experience in trading. The main advantage is that you might find out more about some factors that might determine another crypto to have the same success as Bitcoin. Many people are looking for that option since there is a chance that some other unit could become even more popular in the future, and you should determine the right moment to invest in it.

6. The Breakdown

Since this podcast is brought by Coindesk, which is one of the most popular trading platforms today, you can get reliable information and the most recent news about the regulations, changes of value, predictions, security, and more. You should follow this channel more often since it is sharing all of the most important data about the crypto market. The host of this podcast is Nathaniel Whittemore.

Last Words

It is essential to get more information about any trading asset because that might improve your chances to select the right one and become more efficient as a trader. However, there is a big issue related to the crypto community where you can hear all kinds of stories. While some are predicting the crash of this market, the other ones are claiming how some digital currencies will reach some huge prices in the next few years.

Therefore, it is very important to follow only reliable people with a lot of experience with blockchain technology. In that matter, listening to these podcasts will help you to understand the potential of the blockchain system, what is causing the rise and fall of prices, and what can we expect in the future when it comes to this advanced method of payment.

How to Get Free Bitcoins Without Mining

Modern times bring modern solutions and possibilities, and today, when almost everything is online, it is nothing strange to earn money that way, especially with so many options available. But the question that crosses the mind of most people is how to make money, still have that valuable free time, and have a stable income. Well, one way to achieve all that is for sure, investing in cryptocurrency. Although some may say that the cryptocurrency market is still unstable, and no one can predict what will happen in the future, for more than a decade now, the cryptos are proving even the worst skeptics’ wrong, reaching new value high, and that doesn’t seem to end soon.

When we solely focus on the price and remember that the BTC started with the value of around $0.001 for one Bitcoin, and look at that value today, it is clear why more and more people are turning to cryptos – the money of the future.

Source:coinconnecter.com

One of the main concerns regarding new currencies was the security of both our money and our personal data. But as time has proved, there was no need for that, and as the creator of BTC said, “With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.” It is just one of many of his lines that have proven to be right, and for more of that and for more interesting news on the successful and influential women in blockchain tech, check www.readersdigest.co.uk.

Many crypto enthusiasts simply do not know how to start earning money on Bitcoins from scratch, and they believe that it is too late to enter this market. But there is no need for that way of thinking as these assumptions are so incorrect.

Everyone who already had any amount of BTC in their possession can witness that making money from cryptos is not a myth but a serious and time-consuming business that consists of logic, information, and, of course, intuition.

All these are just some of the reasons why today it seems like everyone wants to start dealing with digital money, especially with Bitcoin. But the wrong assumption is that since its price is pretty high, not everyone can join, and with enough research, and most importantly, patience, there are still several ways to do so. More importantly, it will not cost that much, and for those who don’t like the idea of mining cryptos, there is no reason to worry, as it is not about that. Want to find out more? Just continue reading.

1. Earn BTC by completing different tasks

Source:coinfomania.com

If you want to start earning BTC without any financial investment at all and have some free time to visit specific sites and watch some ads, this is the ideal way to start. The only thing to do is to do some research before you start to make sure that there is a regular payment, which you can easily do by checking the user reviews. It is an excellent way to earn cash, even when you are relaxing.

2. Bitcoin faucet

Quite similar to the first one, but here, you will not just watch various ads but also participate by completing many surveys on many different topics. It is quite an easy thing to do, which, of course, doesn’t involve any investment at all.

3. Write about Bitcoin

Source:coinfinancer.com

How many times did you come across articles that look pretty much the same? That is nothing strange since this is still a pretty new niche, and there are not so many people that know this crypto world quite well to be able to do so. All that is a reason why writing about Bitcoin and cryptocurrency overall can be pretty profitable. So, for those who are familiar with how it all works, know their way around exchange platforms, and understand (at least a bit) the blockchain, go ahead and make money with that knowledge.

4. Gambling

Source:bitcoinchaser.com

Although it is not recommended for everyone, if you have a reason to believe that you are good at it, then you can actually earn coins this way. There are plenty of websites where one can gamble and try to get some free BTC, but be aware that those who are quite well at it play as well.

5. Bug bounties

Searching for flaws and vulnerabilities in companies system can be very profitable, and those who are good at that can get paid in Bitcoins.

6. BTC tips

Being kind and helping others can be beneficial in many ways, and it will not only increase your sense of life satisfaction, but you could also get tipped. Many notable sites have this incentive where you can get a tip in Bitcoin for helping others with various tasks. What a great and fulfilling thing to do.

7. Accept BTC as a payment method

The first thing to know is that you can start accepting BTC as a payment method pretty easily, and by choosing to do so, you can wider your reach, speed up the whole payment process, and get paid in coins. Those who choose this can accumulate the funds and wait for the BTC price to go up, or use the funds for further investment.

8. Lending BTC

Source:personal-financial.com

Lending money and getting an interest rate is nothing new, and since the cryptocurrencies are decentralized, the transactions are much faster as no one needs to validate it. If you already have some Bitcoins but don’t want or don’t have time to trade, lending money via several notable sites is an excellent way to move that money around without the possibility of losing it.

Conclusion

Blockchain technology is in great demand today, and since that’s the case, many investors believe in cryptocurrency and Bitcoin and want to invest in them. As many experts believe, this is something that will replace the financial system as we know. The fact that there is free BTC all over the net and that you don’t need mining to get it is a reason more to start dealing with cryptos, and these eight ways to do that without or with a small investment, is a great way to start. Let the crypto adventure begin.

5 Most Common Misconceptions About Cryptocurrency

We still have people who do not know that cryptocurrencies have been on the market for more than a decade. Not all of them, of course, but BTC has been around for even more. Despite this, most people aren’t familiar with them, and once they develop an interest, many things leave them confused. In the first years, while crypto indeed was a mystery, myths and misconceptions arose, and some of them remained to this day. In this article, we are going to talk about the five most common misconceptions about cryptocurrency. Could you keep reading and see what they are?

Source:medium.com

It’s Anonymous

These days it is popular to get involved with crypto. Such is the trend. But most people see it as some type of mystery, which grants them anonymity while they mine and trade it. This is not the case. It is actually more of confusion that the term pseudonymity creates with new users. It is because of this that people believe that crypto guarantees their anonymity, which makes a great misconception.

Furthermore, not all crypto’s are the same. One of the most famous ones, Bitcoin, provides pseudonymity because the user’s personal data are not disclosed during the transactions. But, this doesn’t mean that your exchange or blockchain doesn’t know who you are or that this data isn’t available to governmental and financial institutions who look over the legitimacy and security of crypto trading.

What people are actually are looking for are other cryptocurrencies such as Monero and Dash. They do offer their customers with a high level of anonymity and the highest possible levels of security and privacy. Even with all of that, once you log onto an exchange and create an e-wallet, you need to leave your personal data.

Cryptocurrencies are Mostly Used for Illegal Activities

Source:cryptotim.es

Yup, you heard it right. Many people link cryptocurrencies to illegal activities that occur on the other end of the web specter. There are those who believe that you can operate with crypto only on the dark web. Just like anything else in this world, there are people who conduct illegal activities with cryptocurrencies. But, they are few and far between to consider crypto as anything remotely illegal. Most activities conducted with crypto occur on the open market and are entirely legal.

This opinion still lives because people understand the numbers, but percentages not so much. During the last year, the dark web activity, which included Bitcoin, amassed to $829 million in transactions. This is a significant number on its own, but it’s just a tiny fraction of entire BTC transactions that happen during one fiscal year (0.5%). What this means that many other FIAT currencies are used on illegal markets much more compared to crypto. If you want to discover what we’re talking about, just look into how much US Dollars or Euro are represented on illegal markets. You’ll be astonished.

Tokens And Coins Are The Same Things

Source:steemit.com

All of the terms regarding cryptocurrencies are new to most people, and it’s no wonder we have as many misconceptions. Tokens and ICO (Initial Coin Offerings) are not the same. Blockchain has both of them, but coins are only there to manifest the value. Tokens, on the other hand, are much more. They do not only hold the simple value but also intangibles such as income, property, utility, and fungibility. In terms of crypto, the property can both refer to real estate transactions, but also to intellectual property. Tokens are much more broader term that also goes hand in hand with terms such as loyalty points and other commodities that crypto holds.

It’s Untaxable Income

Sometimes this statement holds the truth. There are countries in the world that haven’t out tax on crypto. If you are lucky enough to be living in places such as Holland, Denmark, Italy, or Singapore, you don’t have to pay taxes on BTC and similar crypto. But, despite the lack of regulations right now, it’s only a matter of time when things are going to change in these countries. While there are no established tax rules in some countries, it doesn’t mean you can do whatever you want. It all comes down to what you’re allowed and what you shouldn’t be doing regardless of the regulations.

On the opposite side of the countries, we listed above, you have the United States, United Kingdom, and Australia, where cryptocurrencies are seen as capital gains and thus is taxed. So if you live in the land down under, and want to start your crypto life with bitcoinaussiesystem, don’t forget the taxes. In addition to everything said above, we also have Japan that sees cryptocurrencies as miscellaneous income, and Germany that regulates it differently depending on either you sell, buy, or invest crypto.

Bitcoin is the Only Cryptocurrency that Matters

Source:coindesk.com

Yes, it all started with BTC. It is the oldest and the most valuable cryptocurrency, but it’s not the only one. Thanks to this, it became the most popular one, and it often overshadows the other ones available. It also holds the most incredible value, so there’s that. This is precisely why most people believe that they shouldn’t look further from it. While you won’t do anything wrong, if you focus only on Bitcoin, you could miss on the opportunities other crypto’s offer.

You should also know that due to the limit of available BTC and the fact it has been on the market for so long, it gets harder to mine it. We are not exaggerate anything, but while BTC lives of its old glory, many modern cryptocurrencies have upped their game and today have much more to offer compared to BTC. We should also mention the small matter of price, where BTC is reasonably expensive and provides lower margins of gain for trades in recent times. By now, you must be understanding that other cryptocurrencies such as Litecoin or Ethereum can rival BTC. Maybe not today, but soon. You are probably googling them as we speak.

Is Ethereum Becoming More Important Than Bitcoin – 2020 Guide

It can be said that cryptocurrencies are a perfect example of the statement, what goes up must come down. This is something that repeated a plethora of times since the introduction of Bitcoin back in 2009. In fact, the father of all cryptos is a perfect example of this statement in particular since its worth has come up and down so many times that we can’t even count them all. It came from its initial price of $1 in the beginning to almost $20k in 2018.

Source:personal-financial.com

However, this doesn’t mean that it was all the time. Sometimes, it could happen that its price dropped massively in only one day. This is an example that was followed by all other cryptos. But we can see that some of them are more stable than others. Basically, it all depends on the investments and there is nothing that can change this situation.

One of these cryptos many consider to be much more stable than BTC is Ethereum. This is a crypto that emerged a couple of years after BTC, and it positioned itself as one of the most stable ones of them all. It’s so stable that many online casinos have introduced it right alongside BTC, even though it doesn’t have too many users when compared to other cryptos.

Plus, many people don’t have all the answers to what kind of crypto is this and what are its particularities. If you are interested in finding these answers, be sure to check out crypto-profit.io. We are pretty sure that this is a pretty hot topic since so many people are interested in investing in all the digital currencies. So, let us take a look at the case of Ethereum and its relationship with Bitcoin and others.

The Ethereum Basics

Source:sofi.com

The initial idea behind the creation of Ethereum was to expand on BTC’s capabilities and opportunities. The concept is pretty much the same, but we can see that it introduced some of the additional features into it. Vitalik Buterin is a person credited with the creation of Ethereum. The initial idea was created in 2013, and the first version of this digital currency was introduced to the market two years later, in 2015.

As it is the case with BTC, ETH had the idea of completely avoiding all the financial institutions and banks. Therefore, we can complete the same backstory behind it. ETH has two main purposes in this day and age, it can be traded as all other cryptos on the market, or its network can be used to run different apps on it. This makes it a perfect option for many people who are interested in both of these purposes.

What are the Differences Between These Two?

As we’ve already stated, the concepts of these two are pretty much the same. However, it should be said that the main differences are in technical ways. For example, the transaction made by the Ethereum could have some kind of executable code. Anyone, who had a little bit of experience with BTC knows that there is no such thing with this crypto. Also, ETH has some kind of block time, which heavily depends on the transaction. Also, some algorithms are completely different with this crypto.

Also, the initial idea behind these two digital currencies was completely different. For instance, BTC was made with the idea of completely replacing all of the national and regional currencies. Ethereum’s original purpose was to facilitate programmatic contracts and other types of applications through their own currency. So, we are talking about two cryptocurrencies. But their initial idea was completely different from the start.

The Competitiveness

It should be said that ETH was made for the purpose to support BTC and other cryptos through the blockchain system. So, it makes sense to ask a question, why is competing with it? Well, it should be said that its popularity grew so much that it became obvious that it has so much potential, it would be a complete waste of it not to use it. This became a pretty important question, especially from the perspective of traders and owners of digital currencies. But we can see that they don’t have the same capacities. At the beginning of 2020, BTC’s market cap was almost $150 billion, and ETH’s market cap was much smaller, with only $16 billion.

Is Ethereum a Good Choice for Investment?

Source:nairametrics.com

From this perspective, it is pretty hard to say which one of these two is a better investment. The reason is that both of them have completely different purposes. It depends on what you are looking for in the first place. Also, you can be sure that you need to invest much more into BTC in order to expect proper results. Investing in ETH is a really good and much cheaper option. But we cannot say if this is going to be enough for you to have a proper ROI after some time. With having in mind that BTC is still the dominant force in this market, it’s pretty hard to say.

Both of these choices have their pros and cons. One of the things that will help you determine which one of these two you should choose is to see which one of these two you would like to have in your portfolio. Which one of these two will be considered more impressive after some time? Some people would argue that small miners and investors don’t have a future in BTC since a plethora of large companies has started mining and trading. We cannot be certain what the future will hold for both of these. We will just have to wait and see.

The Verdict

It would be pretty bold to say which one of these two is a better option. Both of these two concepts have their own advantages and disadvantages. As we’ve mentioned before, you need to make this decision based solely on your preferences and needs. Thankfully, there are a lot of materials you can go through and learn many things about these concepts. So, start researching and make your decision based upon that.

How Long Does It Take to Transfer Bitcoins Between Wallets – 2020 Guide

Trading Bitcoins can create nervousness and anxiety, but eventually, it leads to a happy outcome. It sometimes happens that it takes hours to receive BTC, and you got that feeling that something got stuck somewhere. Sometimes it takes only minutes, but either way, it begs the question – why are things like this? Most people who were in this situation ask the same question. This is why we have dedicated this article to this subject. Here you have the 2020 guide on how long does it take to transfer Bitcoins between wallets. Read carefully, and afterward, you’ll have a clearer image of the relation between BTC and wallets, and why it takes time to transfer funds. Many people dind’t understand this at first, but after going through this article with us, they learned a thing or two.

What is a Bitcoin Transaction?

Source:masterdc.com

As you already know, BTC is a digital currency – the oldest one, invented by Satoshi Nakamoto, back in 2009. This means it has no physical presence. So far, no person has held a Bitcoin in their hands, nor is there any collateral for its value. The only thing standing behind BTC is blockchain. In Bitcoins blockchain, you’ll find the entire history of all transactions and signatures since its inception. BTC is verified on this public ledger.

Once you get into possession of a Bitcoin, it would hold its entire history together with two keys – public and private. Bitcoin can be transacted by your private key that contains this purpose, while the public one is meant for others with whom you want to share your BTC. The public one holds all the info regarding the transaction, while the private one serves for verification and authorization.

Once you are prepared to make a transaction, you’ll receive a message that has three sections:

* Input – This is the code that contains the entire BTC history that comes with the public key. Thanks to this, you’ll know the origin of that coin.

* Amount – This section shows you the number of BTC contained in the transaction.

* Output – The address of the transaction is also tied to the public key, and it can be found in the output.

How Long Does It Take To Transfer BTC To A Wallet?

Source:bitcoinmarketjournal.com

Even the most uncomplicated BTC transaction can last an hour.  Yes, you heard it well, but things can get even worse. There are recorded cases when this lasted for twenty hours, and sometimes even for two days. Yes, this can happen, and we are not exaggerating. This can happen because there are many factors that influence the transactions of BTC. But, the two most important ones are the Bitcoins network and getting loaded onto it, and transaction fee, which is a standard for every BTC transaction.

Loading onto the network isn’t a quick process. It is influenced by the number of other transactions that happen on the BTC blockchain during the day. If there’s a high number of transactions, it will take more time to process them all. It all has to do with the limitations surrounding Bitcoin. The number of miners is limited, in addition to a limited number of transactions that can be tied to a 1MB block size of BTC.

Moving on, and we have that same 1MB block, which would prioritize the transactions based on the fee. The larger the payment, the faster the transaction. Furthermore, the miners also put their priority on the trade that carries the more oversized cost. So, in theory, your transaction could last for days if it has a small fee tied to it. In most instances, this is the sole reason why your Bitcoin transaction takes so much time.

The Actual Transaction Time of Bitcoin

Source:news.bitcoin.com

So, as you can see, the two things above block the speed of transactions regarding BTC. The actual time it takes to transfer BTC is close to ten minutes. This the same amount of time the miners need to mine one block of BTC. This time span is tied for your transaction when it is a part of the same block. But, if it is not part of that particular block, then you’ll find it in the BTC mempool. So, if your transaction is in the same block, the first confirmation of its successfulness will happen within the first ten minutes. In the next hour, you can expect the following five confirmation. When you receive the sixth confirmation, you can consider your transaction safe.

To avoid any panic when you transfer your BTC, it takes sixty minutes to get it over with. But, this is only the case when it is part of the first block. If it is not, it could take longer, so there’s no reason to worry too much. Before BTC became a global phenomenon, people waited for a full week for the transfer. There are many factors included, and you’ll need to arm yourself with patience. If your fee is good enough, and your transaction is tied to the first block, it can happen in less than sixty minutes, and this should make you happy.

When you take into account all transactions on the global level, the time they take is, on average, approximately twenty minutes. One way to shorten the time needed is to use the segwit enabled wallets. There are also many other solutions on the way, as people who deal with BTC consider this time for transactions as unacceptable.

Conclusion

Source:financemagnates.com

As you can see, trading Bitcoin is exciting and can bring you money, but what it lacks is the speed. From everything we have added above, you can tell that in a case you have many valuable BTC, everything would go smoothly. But in the case you do not have a vast fortune of this can you might have to wait for transactions to occur. All things written above are important to know if you are about to start trading BTC with https://bitcoin-up.live/ or any other similar outlet.

3 Reasons Why Bitcoin Price Could Crash in 2020

Three weeks ago, Bitcoin climbed to over $12,000 only to crash in a matter of minutes for $1,500. Investors got chills from such a huge plunge in a short time, and many are now questioning whether or not Bitcoin is able to maintain its value, or if the crash is inevitable. While the coin was taking a dive, 72,000 people decided to quickly sell their Bitcoins which brought down market capitalization from $214 billion to $208 billion. This may not seem like a big deal to ordinary folks who have no investments in digital currency, but in the currency exchange market circles, this is all investors talk about. Bitcoin seems to be justifying the suspicions that followed it from the first day, and now many are in doubt whether to keep the coins or cut their losses and run.

Source:forbes.com

Safer alternatives

This is a second hit for Bitcoin since the beginning of the pandemic back in March when it crashed to a value of a little over $4,000 for 1BTC. The currency is still standing and despite everything, is looking good with the little change for the past couple of weeks, but the traders are not so convinced. Many are questioning their decision to buy coins instead of gold which gained over 15% in value in the past few months.

Speculators are already rumoring that Bitcoin should be converted into more stable assets, with gold topping their choices. However, there have been some good predictions about Bitcoin circulating, like PayPal offering payments to its users in BTC, and Bloomberg suggesting that the coin could hit a $14,000 mark by the end of the year. Still, others seem to be scared of to further invest in an unstable currency and are looking for other sources and potential stakes.

In the last couple of years, investors have been at odds whether to keep Bitcoin or sell and invest in something else, namely gold. The price of gold spiked recently, mostly due to the banks stocking up on the assets, and being cautious since Federal Reserve started printing a lot of money to minimize the pandemic crisis. Will the gold manage to keep the trend of rising or is it just a temporary thing, only time will tell. In the meantime, speculators are buzzing about the weakened American dollar pointing out that it’s the best time to make gold reserves.

Source:express.co.uk

Domino effect

Major banks are suggesting that the market is about to crash which can pull down cryptocurrencies among other markets. One of the main reasons why Bitcoin is maintaining stability and value to some degree is the demand from Chinese investors through Tether. Tether is a US dollar-backed coin that was highly controversial since the creators claimed that every coin is backed by $1. In 2019 this all blew up and the Tether developers admitted that the coin actually was backed up by US dollar and loans. This “loan” part made it unstable and undesirable among investors. So, back to the Bitcoin. Currently, its value is closely dependent on the demand, if any, from the Chinese traders. If they decide at any point to move their investments into hedge funds, Bitcoin might lose the legs it’s standing on, and go down with the rest of the companies on the market.

Billionaires and some millionaires on the Wall St are wary of further investments until the markets are stable again. Many companies are struggling to remain liquid while the pandemic is still in effect. Big players on the New York stock exchange were not favoring Bitcoin even before the coronavirus crisis started saying that the currency that is backed by thin air is doomed. Today, investors are backing out of deals that they otherwise would not, and investing in cryptocurrencies right now is not even an issue. Truth be told, major investors are not thinking about investing in anything right now, but rather are just looking for ways to strengthen their hedge.

International Monetary Fund issued a statement saying that no one can predict with a decent amount of certainty how exactly pandemic is going to influence the markets. Uncertainty is not a friend to the investors and traders, and they tend to stay away from spending on fluctuating investments like Bitcoin. Pandemic completely disrupted trading, and no one can predict how it’s going to behave in the months to come. Because of this high net worth investors are laying low, trying to save their investments, and not making new ones. This could bring a market to a standstill and eventually crashing. When Federal Reserve started injecting more money into the economy to cover for all stimulus checks to boost consumerism and revive job markets, it sent the signal to banks and investment funds that the markets are in dire straits. This made investors put the hold on all investments and hold on to see new developments.

Influence of the stock markets

Source:investopedia.com

In the past year, every time Bitcoin came close to breaking an all-time high of $10,500 it suddenly dropped for a few thousand. This is a vicious cycle that keeps repeating itself. Even though Bitcoin is not backed by any asset, and is not controlled by any government, the stock markets do impact its value. Bitcoin is all about being not influenced by the movements of the traditional markets, but somehow it gets dragged under every time stock exchanges go under. So, we can determine that Bitcoin is not tied up to anything, but it is affected by the value swings of the stocks.

Will Bitcoin crash along with stock exchange? No one knows for sure. If you decide to invest in the current environment you should be more careful than usual. Stock exchanges around the world are struggling to keep moving, but the reality is that the major economies are on their knees. Maybe Bitcoin will survive one more crisis as it did before in the past, although many predict that it will be pulled down along with other stocks. In any case, do your research and get more information at https://infinitytrader.app/ before you make any moves that can cost you dearly.