cryptocurrency - Page 4

Where Is the Cryptocurrency Industry Headed In 2019?

Since the first cryptocurrency appeared in January 2009, this new industry has taken a very interesting path. From very little value at a price that literally didn’t interest anyone to nearly $20,000, Bitcoin has evolved and influenced many other areas such as finance, trading, or technology industries. Bitcoin also initiated the creation of numerous other cryptocurrencies called altcoins.

Today, we can talk about the various advantages, features, disadvantages and many other things about BTC and other digital assets. However, what is most interesting to anyone involved in the cryptocurrency market and whole game, is where the cryptocurrency industry is headed in 2019? It is very important to make a good strategy when trading cryptocurrencies and to anticipate further developments in the industry. Therefore, today we have decided to answer the above question.

Also, if you still haven’t become part of this really big industry, we suggest checking out BitcoinBillionaire. Here you can get all the help you need, advanced statistics, graphics, and all the other tools and tips that can help you succeed in the cryptocurrency industry and make money. Now, without further ado, if you’re ready, let’s check out where the cryptocurrency industry was headed in 2019.

Source:cointelegraph.com

Institutional Investors Affect the Entire Game

As we said, BTC is the first cryptocurrency which has had a truly amazing journey in the past decade. From almost insignificant value to almost a whopping $20,000 at the end of 2017, Bitcoin has undoubtedly influenced the growth of the market, the increase in the number of transactions, and, therefore the attraction of more users and individual investors. However, after the all-time high value, BTC value ​​dropped significantly, as low as $3,000 at one point. Although the current value is pretty good (about $7800 at the time of this writing), it can be said this is much below the ATH value.

The decline in value caused one phenomenon, which caused a decrease in the number of individual investors. It is the appearance of institutional investors that caused fewer transactions and individual investors to leave the market. Did this affect BTC and other cryptocurrencies? It certainly affected and is still affecting because this process isn’t over and new institutional players are constantly entering. However, has the industry lost value? Well, we have to admit that it’s not case, because institutional investors are strong enough to keep a cryptocurrency industry great. First of all, we are thinking of projects that have begun to develop in 2019 and that will undoubtedly continue to impact this large industry. One of them is Nasdaq, and the emergence of similar projects will undoubtedly increase the value of the market and the entire industry.

Stable Coins Are a Very Important Part of The Industry

Wondering what stable coins are? Well, these are digital coins that are linked to the price of FIAT currencies such as the dollar. A typical example of stable coin is Tether whose value has been equal to $1 for a long time. The role of stable coins is first and foremost to provide security in the event of decreasing collateral prices of leading digital currencies such as Bitcoin, Ethereum, Litecoin, Dash, etc.

However, how can stable coins become dominant when Bitcoin and other altcoins are more valuable and more people are interested in trading these currencies? Analysts have made every effort to provide answers to this question, and there are two main reasons. First of all, apart from Tether, there are other stable coins (e.g. Facebook’s Libra) that strengthen this part of the market but also the market cap of stable coins. The second reason is the stability of these tokens. Other cryptocurrencies that are decentralized have one thing in common, which is instability. On the other hand, stable coins are stable, as their name implies. Stability is exactly what big investors are looking for, so it is very possible for stable coins to dominate the market in the coming period.

Bitcoin and Cryptocurrency ETF (Exchange-Traded Fund) Approval

Source:en.cryptonomist.ch

Approving Bitcoin and cryptocurrency ETFs would be a very significant thing in 2019. Unfortunately, this hasn’t happened yet, primarily because of the SEC (Securities and Exchange Commission). This organization hasn’t yet approved any of the Bitcoin ETF applications, and in the previous period, several of them were either rejected or delayed. For example, this situation has hit the VanEck fund, which is one of the most popular funds.

According to many experts, this approval would mean a lot to the industry, but above all to investors. If an ETF for Bitcoin and other cryptocurrencies were approved in the United States and Great Britain (greatest markets), it would mean safer trading compared to current system the industry has to offer, but also direct selling and buying. In general, the Bitcoin ETF would bring many benefits to the entire industry.

Things About the Cryptocurrency Industry Known So Far

Source:medium.com

What is of particular interest to all cryptocurrency traders are the latest price forecasts for BTC, ETH, LTC, BCH, DASH, XRP, and other popular cryptocurrencies. Unfortunately, no one can tell you with certainty, but there are some platforms that can help you trade, and provide you with advanced tools and statistics so you can more easily judge whether or not you’ll be able to make a profit.

However, what is certain is that the benefits brought to us by the crypto revolution are still continuing to apply. For example, revolutionary and advanced blockchain technology is entering an increasing number of other industries. In addition, Bitcoin as the original cryptocurrency designed to bring about a revolution in finance has somewhat succeeded doing so. Unfortunately, we still don’t have sufficient acceptance of this digital coin or other altcoins as an official means of payment, but the number of places where you can pay using cryptocurrencies should grow in the coming years, which is encouraging for all cryptocurrency traders and those who own these digital assets.

 

Bitcoin – The Valuable Cryptocurrency And Its Trading Statistics

You have probably heard of bitcoin, open-source software, or digital cryptocurrency, the value of which can only be exchanged in virtual space. The cost and value of the invention of an anonymous developer or group of developers under the pseudonym Satoshi Nakamoto are particularly interesting, even revolutionary. Especially considering that bitcoin is not subject to the powers of central banking systems.

Bitcoin = Anonymity, Autonomy, Decentralization and Independence

Bitcoin development is aimed at anonymity, autonomy, decentralization and independence from world governments, banks, corruption, malpractice and even ideological systems. What particularly catches our attention is the fact that the apparent value of cryptocurrency is not in financial terms. Bitcoin is revolutionary and innovative. Therefore the greatest value of digital money lies primarily in its transaction system.

The Revolutionary Bitcoin System

Source:news.bitcoin.com

This currency is not printable and the total amount of money that can be created is limited to just 21 million bitcoins. As interest in bitcoin skyrocketed, so did the value of cryptocurrency soaring through the end of 2017. Let’s just mention that on December 17, 2017, bitcoin had the highest value ever achieved, but in just one year in December 2018, with turbulent exchange rate fluctuations, its value declined dramatically.

Although the price index varies, its actuality does not decline. This is supported by the fact that more and more people are interested in buying bitcoin, and that some countries have introduced this cryptocurrency as legal means of payment. Perhaps the discussion about bitcoin pricing today is not so important, but that is why the system that manages bitcoin is revolutionary.

It also hides the highest value of this cryptocurrency. Before presenting the true value of bitcoin, let’s explain in a simplified way how it works.

Why Is This Cryptocurrency Valued And Valuable?

Digital money itself does not have any particular innovative value, but it does have a system by which it is distributed. A successful and reliable bitcoin transfer is possible due to P2P or blockchain technology. To put it simply, it is a financial ledger that records the amount of money in virtual accounts as well as the entire history of bitcoin transfers online.

We can also interpret this transaction history as a chain of all transactions ever made, with a total sum of 21 million bitcoins in the future. We say in the future because the final or the total number of bitcoins made – has not yet been reached. A transaction or a block cannot be modified or deleted, which means that no criminal financial action can be taken. Very revolutionary, isn’t it? However, this is not the only level of revolution.

The next level of innovation is the decentralization of transaction records. There is no single central registry, but the entire blockchain file is stored on the node drives (or users, ie miners). Each new transaction is instantaneously recorded and updated with each of the users (nodes), and there is no “central authority”.

Application Of Digital Money In Different Countries Of The World

Bitcoin is a deflationary currency in the market. Besides digital payment, it is also used for other purposes. One such has been recognized in the facilitated international distribution of funds. Its good side is particularly emphasized in the case of migrants who can transact in this cryptocurrency in foreign countries. All can be done without the additional, high costs of international transaction services.

Another common purpose of bitcoin is to invest. Funding and buying bitcoin has become a major investment. Let’s just take, for example, that in 2017 the value of bitcoin doubled four times. Buying bitcoin at a low price and selling at a high has made a profit for many people on the stock market, which is another example of using this cryptocurrency.

What is the Open Interest Chart?

Anyone who has already entered the bitcoin trade seriously enough – knows that keeping track of statistics means managing information. In this sense, the term “open interest” is often referred to.

And what exactly is it? Bitcoin open interest represents actual open positions on BTC / USD trading pairs. This data is recorded from 2018. If open interest reaches more than 100,000 bitcoins – higher volatility in the price of this cryptocurrency may be observed.

Longs vs Shorts Interests

Longs and shorts data are provided to help users understand better the amounts of long and short positions that are open in valuing USD. Statistics are of the utmost importance here because they show users real-time data. According to bitmexresources.com – this kind of data is sometimes crucial to determine the values and predict the next steps in the bitcoin market.

Bitcoin As A Legitimate Cryptocurrency

Source:marketwatch.com

The value of bitcoin currency varies and is interpreted differently from country to country. While some countries are more than determined to accept bitcoin as a legitimate digital payment currency in the country, there are also countries that, due to their inability to tax, avoid accepting bitcoin as a legitimate means of online payment.

In the US, the Internal Revenue Service treats all prominent digital currencies, including bitcoin, as property, not currency. In other words, every taxpayer who sells or buys bitcoin must report the value of the bitcoins used in the annual tax return. This tax regulation is also subject to miners who make a profit by “digging out” missing pieces of code in the blockchain. Unlike America, the European Court of Justice recognizes and treats bitcoin as a currency.

Although not subject to value-added tax, bitcoin is taxed otherwise. In Britain, the tax administration treats bitcoin as a foreign currency, where each case regarding this cryptocurrency is considered based on individual facts and circumstances.

In addition to these countries, it is also worth noting that the use of bitcoin will lead Sweden to the first cashless nation. However, in less developed countries or countries hit by financial crises, such as Venezuela and India, bitcoin is a means of legitimately paying for goods and services.

The Strongest Value Of Bitcoin

Source:computerworld.com

As we explained earlier, the greatest value and importance of bitcoin lies in its transaction protection system – the blockchain system. With bitcoin, for the first time, we have a system where corruption and other financial malpractices are not possible. That gave many people an idea to think more broadly. If it is possible to implement a system of protection and transparent presentation of the flow of money online, then maybe it is possible to apply this system in other spheres of ownership. In other words, the advent of bitcoin may be the first revolutionary achievement since the advent of the internet.

Its importance is primarily recognized in the blockchain system. This system provides security based on the interest of system participants in managing without fraud. Why? Because that’s the only way they can benefit from the system. Blockchain is even recognized as a system that is far better quality and more efficient than VAT. Once a block in a blockchain is printed, no further manipulation is possible.

Conclusion

The revolution made by bitcoin in the virtual space is very likely to spread more and more to other social forms and structures. That is why it is very important to follow the flows and technological innovations, to acquire knowledge and to improve. It is only a matter of time before the virtual guarantee of the Internet will be the only valid and secure system of social organization.

 

 

 

 

The 5 Biggest Trends in Cryptocurrency for 2020

Most important about the trades in the market of cryptocurrency are speculations. The position on the market and the value of some cryptocurrency is determined by interest and speculations about it. Today, the crypto market has a lot of ups and downs, especially because there are lots of pyramid schemes that are affecting the market and potential buyers to be more careful when they decide to buy some cryptocurrency. However, trustful cryptocurrencies have a strong back-up in blockchain technology, which prevents a possible scam.

The year 2020 will be important for this kind of market, mostly because a lot of companies are considering if they will use this kind of monetary system, but everyone has to be sure about the consistency of values of some popular cryptocurrencies like Bitcoin, Ethereum and more. In this article, we are going to present to you the best five trends about the cryptocurrencies that we expect to happen in 2020.

Libra

Source:france24.com

During 2019, the Facebook company has introduced us with their plan to get on the crypto market with its currency, with the name Libra. It is going to be available in the summer of 2020 when they finish everything about the regulations. This new coin will have a back-up from some big companies like Vodafone, Uber, and other companies that are interested, such as eBay, PayPal, MasterCard, and more.

Libra has a big potential because there are a lot of people interested in this new cryptocurrency, only in the United States there will be around 170 million users. The biggest potential lies in the fact that there are millions of Facebook users, that maybe never seen or heard about the cryptocurrencies, will now use Libra to pay for some services like a phone bill, or drive with Uber.

Consolidation of the Market

There was a fall in value for most of the cryptocurrencies in 2019, but it is estimated that there will be more than 2000 new types of crypto in 2020. However, only a small amount of them has a trade that is bigger than 100,000 dollars per day, and most of these coins have a very small amount, a lot smaller than the value of one cent.

The value of most crypto coins remained still in 2019, and in 2020, it is estimated that more companies will get into a trade of this currency. Also, with the bigger interest of big companies about investing in the crypto market, it is expected that there will be a bigger consistency of most popular coins on the market, with less turbulence in values.

The Bitcoin Halving

Source:zerocrypted.com

There will be an important event about the Bitcoin in May of 2020 when they will reduce the rewards that people get from mining this crypto. The value will be reduced from 12.5 BTC to 6.25 BTC. This already happened twice, because Bitcoin increased its value rapidly from 10 dollars to more than 10,000 dollars in 10 years.

However, the people who were mining this cryptocurrency continued because there is still a great chance for big earnings, mostly because of its big value, that in one moment was near 20,000 dollars. Also, a lot of people are investing in this coin because everyone is expecting it to be money in the future. Also, you can check bitcoineras.com for more info about the value and trends about the Bitcoin.

Also, the mining process is near its end, because there is a maximum of Bitcoins that can be on the market, and that number is 21 million of these coins. When the process is finished, this coin will no longer be available for mining, and it will only exist on the market as a strong cryptocurrency with is value-based by speculations, popularity, and a number of people who are using it for payments.

Regulations by the Government

There is a big awareness by the governments of many countries about the safety of using cryptocurrencies. Also, there must be some new regulations that will determine how will people who are using these coins to pay the taxes. Because now, there are no regulations about taxes from using any cryptocurrency in the world.

However, with better regulations of using the crypto coins, there will be fewer fluctuations in the value, and it will influence the market to be bigger and safer to invest in. While some countries are welcoming the introduction of crypto on their market, some others like China or the United States, who want to regulate these coins with taxes. Also, there are some speculations that says how many people are using crypto for black market, so there must also be some solutions for preventing this too.

Source:forbes.com

Fintech Companies

The market of all sorts of cryptocurrencies is on a big rise in recent years, where millions of people are investing in blockchain technologies and trading with the coins. The introduction of Libra has set up some new tendencies in the crypto market, and maybe there will be some similar currencies through social networks soon.

However, there are still a lot of important questions about how will everyone regulate the massive usage of these virtual currencies, and how are they going to implement them in the economies of countries, IMF, stocks, and much more. The biggest advantage is going to have the Tech Companies, who already are investing in this type of currency for a long time.

There is a lot of Fintech companies who are interested in investing in cryptocurrencies like Libra, and maybe developing some similar to that one. Some big Fintech companies like Chime got their investments from big finance companies like Goldman and Sacks, who see the value in investing in developing and trading in the crypto market.

The conclusion is that the crypto market will only get bigger next year and that there will be even more companies that will invest in the crypto. If the countries come up with some good regulations and determine the way of how will people pay taxes while they are trading of paying with cryptocurrencies, we can only expect even bigger interest from everyone to replace today’s money with this revolutionary way of payment.

Why Is Bitcoin Going Up?

Bitcoin got on the market in the year of 2009. If you invested $1000 in this cryptocurrency at that point, these days your trading portfolio would be showing close to $40mil in profit. No other investment would take you to that private jet-plane. However, the history of this currency might make you even further in the past. Some attempts to create online currencies happened even before the Bitcoin got on the market. Bit Gold, so as B-Money, were formulated, but there was no time, energy, and effort made to have them fully developed. In the year 2009 mining process started, and the first transaction was recorded. During that first year, Bitcoin was only mined and not traded. It was impossible to assign a specific value to this currency. Next year, the first transaction happened by someone selling 10,000 of them for two pizzas. Oh well, he made a mistake. Just by keeping them until today, the owner would be net-worth over $100mil. A large portion of that money would be highly taxable. However, not all world citizens are allowed to trade this currency due to their citizenship restriction. Some traders are going that far to the point of giving up their current citizenship to buy crypto. Ever since then, Bitcoin had ups and downs, so as any other currency, but unlike other currencies (especially paper currencies), Bitcoin went up to the sky in the year of 2017.

Source:aa.com.tr

We all heard about Bitcoin and traders becoming rich overnight. Some of us invested in Bitcoin just by purchasing this cryptocurrency at the right moment and keeping it up to the point when the currency reached its maximum value on the market. Since the moment when we started getting involved in currency trading and our adrenalin went up in our veins, we have done everything we could on our end to make money as soon as possible. Hours and days spent on Youtube channels, with rich showmen presenting themselves as successful traders. Some of us invested money in online education and paid courses. Fibonacci is playing a significant role in our life these days. Many great classes are available on the market, but selecting the right one that suits us might not be an easy job. We are looking into getting the best value for our Dollars. Using several different sources combined might give us the best results in our learning journey. Learning currency trading is a never-ending story. Often in life, we learn on our mistakes, so as on mistakes of others. The bottom line is – schooling in online trading does help. Understanding major market moves and taking the right position at the right time will take our home budget to another level. 

You have decided to trade Bitcoin and now what?

Source:mpex.co

Paper currencies are becoming less popular for online traders these days in comparison to cryptocurrencies. Trading paper currencies online might require paying close attention to world news. “War for oil” did show us how the liberation of certain countries might have an impact on the price of oil in our gas tank, so as on investment in “oil currency” online. Low wage labor in certain countries such as China created a dumping price on imported products in the United States and resulted in some economic sanctions on “Made in China” products, especially on products that ruined US manufacturing. Anti-dumping duty went up to 100% or even more so that US manufacturers can protect their position on the market and keep their standard of living. Chinese yuan was held on a deficient level for a while. These are all political things that have an impact on paper currency pairs. Trading cryptocurrency is much more comfortable. It takes less of politics and more of mathematics. That is one of the reasons why traders are heading towards a crypto direction. The next step is selecting the right broker and trading platform. Very précised trading platforms as definitely needed for accurate and fast trading. US Trading Association placed Bitcoin-Storm on the top position of all trading softwares due to laser-accurate performance and advance programming that results in being ahead of the markets by 0.01 seconds. Being ahead of others makes this platform the most consistent app in the world. Simplicity is an additional benefit of trading on this platform so that anyone can trade with very little or no experience. 

Bitcoin is ready to move up again

Source:cointelegraph.com

Currencies can go up and down, but they can also go sideways. When the money is going sideways – it means that it is trying to determine direction. It might be the best time for taking the position on the market before that significant move does happen. Currency defended reliable price support of close to $7,700. Closely tracked 100-week MA (moving average) support is showing very strong ground these days. Investors see a current dip as the running train up the hill on which they are planning to jump on right away. In turbulent markets, the best thing to do it to go “long” within a specific time-frame. This cryptocurrency reached double-value at a certain point, so we are waiting for that significant move to take us to the same position since the ground floor already got tested several times.

Get familiar with tax laws on profit

Investing in currency trading and earning high rewards has been seen as pure profit with very little or no write-offs. As soon as you see that your investing in currency trading is showing results – it might be useful to get ahold of your local tax person. Taxes on currency trading made a profit are different in every country and getting a second passport might be useful in certain situations. After all – we are trading to make ourselves more productive, not anyone else. Profit-making with Bitcoin has great potential in the near future, and you would like to take your piece of pie as well. 

 

Cryptocurrency and ICO market

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Cryptocurrency could best be explained as a parallel to the game of PUBG as both of them has epitomized controversy and sparked debates around their acceptability as a format. As PUBG comes with a string of statutory warning on its possible predicament on different psychological aspects which could plague the mind of an adolescent child, the same appears to be true for Cryptocurrency as well. The only significant difference is the warning that circles around cryptocurrency, which seems more potent as it comes from eminent economist and reputed financial audit and research firms across the globe. But the popularity of both goes unabated with more and more users pouring in.

Cryptocurrency has now become a global phenomenon with Google having a contingent of more than a thousand dedicated pages designed to cater to the curiosity of the common man about it. The institution of cryptocurrency still stands inundated in the thick layers of myth around it. Consequently, it looks so opaque that most of the people who are contemplating on it, find themselves in a state of utter dichotomy and cannot really conclude whether it appears good, bad or ugly.

Img Source: medium.com

What is a cryptocurrency?

Cryptocurrency refers to the digital currency encrypted with cryptographic protocols that help users do the transaction at their convenience without any possibility of being tracked at any point along its digital route. In a bid to redefine ease of making payments online, cryptocurrency has made digital transactions simpler for both the private sector and the common public. The most important attribute of cryptocurrency is that it cannot be brought into the ambit of regulatory control of any central agency or financial body which works under the guideline of any nation or united unions. Being very liberal in spirit and democratic in concept, it has now got immune to traditional controls and interventions made by several legal and financial bodies. That is where we need to draw the line of caution followed by taking a stance, which is balanced and reflective on the possible prejudice that it can invite to mankind. There is a score of incidents reported by security agencies and financial watchdogs where cryptocurrency has been misused to make illegitimate monetary transfers to radical groups and extremist outfits all across the globe. The use of cryptocurrency has garnered traction among the drug peddlers, unscrupulous people involved in human trafficking and arms dealers who remain invisible in the real world and usher in a pseudonymous transaction that cannot ever be tracked and breached into.

Img Source: digitaltrends.com

The future of Fintech?

If we can put aside the mist of the apprehension of misuse, nobody can turn a blind eye to the enormous possibility it could unfold in shaping the future of Fintech more in terms of how it can drive the world economy towards inclusive prosperity and well being for all. Anyone can log into https://CryptoLab.one to keep themselves well abreast of latest updates and developments along with interactive charts and graphs showing markets trends in the world of cryptocurrency

There is a variety of cryptocurrencies available in the niche economy ecosystem that it carved out for itself over time. The most important breed of cryptocurrency is Bitcoin, which is believed to have served a digital gold standard in the whole cryptocurrency industry. Only within a span of seven years, the valuation of Bitcoin has reached 650 dollars from zero, and its transaction frequency has brewed up to 0.2 million units per day which truly shows the immense possibilities that the destiny has in store for it. Apart from Bitcoin, there are so many other currencies as well which are also gaining prominence. Ethereum, Ripple, Litecoin are some of those species which are also gaining popularity over time.

Img Source: 5wpr.com

What is ICO?

In the context of the resurgence of new currencies, the circle of discussion cannot complete without the mention of ICO which stands for Initial Coin Offering. What IPO means for a mainstream investment world, ICO holds the same relevance in the realms of cryptocurrency. ICO serves the purpose of the fund-raiser. When an entity looks forward to creating a coin, app or service, it does it with the launch of ICO. ICO has come into the limelight and occupied news headlines as more and more investors are joining in with an expectation to make quick money. Some very successful ICOs over the period has given the investors reasons to bank upon it, but there is an opposite side of the coin as well which is not very glittery and flamboyant. There are instances where all the investment has gone down into the drain. Being an unregulated proposition, it always runs the risk of being exploited.

Img Source: hackernoon.com

Therefore, we all need to draw a forbidden line of caution around it which will put a restraint on how we use the technology and what for. If we let the conscience take over and decide the course of our action, cryptocurrency will eventually unleash its true potential where everyone across the tiers and pedals of the society will be empowered to wake up to a dawn of new financial resurrection.

7 Remarkable Benefits of Bitcoin

Bitcoin is not something which only a handful of people use anymore but many businesses have shifted to using bitcoin for transactions.

Bitcoin offers you many benefits which makes it an extremely tempting transaction option to explore. We have listed a few of its benefits below;

Benefits of Bitcoins

1. Lower Risk of Fraud:

source: evensi.us

Bitcoin transaction makes it much safer to make payments as you do not require sharing your sensitive information such as credit cards or bank accounts hence this is one digital cash which cannot get hacked. To find out how to earn more than you invested check btcloopholepro.com. Another benefit is that your identity is very well concealed which makes you a difficult target to scam.

2. Safer Transactions:

We all are aware that online transactions are not completely safe as hackers can easily steal your card details through it. Credit card getting hacked and unauthorized transactions being made by hackers is not uncommon.

During each bitcoin transaction, an authentic digital signature is used to sign it before being sent to the blockchain hence it is the safest method to exchange and store cryptocurrencies.

3. Reduced Transaction Fees:

source: bitcoinist.com

The transaction fee involved while making payments through bitcoin is much lower than the transaction fee you need to pay extra for the credit card or debit card purchases.

Hence transaction through bitcoin if you own small business is beneficial as you will save a lot

4. No Inflation Risks:

source: oukas.info

If a Government issues more money in a financial year, it leads to a decrease in the purchasing power of the general public which causes inflation. Uncertainty about inflation makes it really tricky to make any investment.

Bitcoin system was generated with the purpose that the number be finite which is speculated to be 21 million hence there is no possibility of inflation. This benefits both, seller and buyer.

5. Quick Payments:

source: financialsurvivalnetwork.com

If you have made a transaction through a credit card and have a change of mind hence apply for a refund, it may be days before the amount is credited back on your card. The same thing happens with debit cards.

When you transact through Bitcoins and initiate a refund, the settlement usually happens much faster when compared to credit cards.

6. Easy to Internationally Transfer:

source: engadget.com

If you need to transfer your currency to use in a different country, you will have to go through currency exchanges and banks to get it done which may be a long process.

International transportation of Bitcoin is really easy. You need a memory stick to do it just like you transfer any other audio or video file.

7. No Third-Party Involvement:

source: bitedge.com

Bitcoin transaction happens peer-to-peer and no third party is involved hence there is no risk of frozen accounts or tax claim on the amount. The Bitcoins cannot be seized by the government which is a big benefit.

If you need more information about Bitcoin transactions and wish to trade in it, visit Bitcoins Profit to get all the details.

Bitcoin is an emerging technology which is grasping the market as it is beneficial for both buyer and seller. Switching to Bitcoins for transaction especially by small businesses is a smart move.

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.

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

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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

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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.