e-wallet

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.

Is it Possible to Create Your Own Cryptocurrency?

There is a big hype over digital currencies in recent years, and many people think that they represent the future of payment that will completely replace the traditional fiat currencies and paper money. However, there are still many people with a lack of knowledge related to the structure and potential of cryptocurrencies since most of them only heard about Bitcoin and some other popular coins, and how they might be a great investment option because of the high volatility. Bitcoin is especially popular as the first and most valuable cryptocurrency on the market with a current price of around $38,000.

The main advantages of investing in cryptocurrencies are indeed a great chance to make a profit. According to many experts, popular tokens like Ethereum, Litecoin, XRP, and many others also has the potential to become much more valuable over time. Also, many countries are already creating plans on how to implement the blockchain currencies into their monetary systems. The challenges here are related to the fact that most of these digital currencies are decentralized and use advanced security measures that make users completely anonymous. Therefore, financial institutions will have to find a way to include taxes in transactions with e-wallet.

Source:paymenticon.com

Moreover, when it comes to safety, we have to mention that storing cryptocurrencies on an e-wallet is the safest solution today and a much better option than keeping your money on a bank account or some online crypto exchange. Also, there are several methods for storing your Bitcoin or any other crypto, and you can read more about that at devdiscourse.com. Furthermore, since they have such potential, it is not a surprise that many people are interested not only in investing in existing cryptocurrencies but in creating new ones as well. We are going to analyze more about that topic in the following article.

Benefits and Downsides of Cryptocurrencies

Source:cryptofish.com

Before you decide to invest in the creation of a new token, you should learn more about the main features, benefits, and potential downsides of digital assets. One of the main advantages that makes them so popular is the fact that they are decentralized, which means that there are not big financial institutions or banks that could control them in any way. That is one of the reasons why many people are choosing the invest in the crypto market to protect their funds from the recession, which has a high chance to occur in the following years. Another benefit is that they provide users with both transparency and anonymity, much lower transaction fees, and faster transfers. On the other hand, the biggest downside is that there is always a chance for a token to become illegal in some states. Also, most cryptocurrencies are under constant fluctuation in value on the market.

How To Create Cryptocurrency?

Source:morioh.com

Before you decide to invest in the development of a new cryptocurrency, you will have to learn the difference between tokens and coins and their structure. If you are looking for an easier way to get your part in the market of digital currencies, we suggest you choose a token option. The main feature of tokens is that they are using existing blockchain, which means that you will need much less time to start competing on the market with your own digital asset. On the other side, this method requires a much higher investment.

On the other side, if you are interested in creating a coin similar to Bitcoin and many other virtual currencies with their blockchain. However, that will require advanced knowledge in computer science and coding. Also, with proper knowledge, this process might last only a few minutes, since the structure of Bitcoin is available in open-source format, which means that you can use it with some slight changes to start your blockchain system. Still, hiring a team of experts is necessary for allowing the whole structure to operate properly from the start.

Source:voanews.com

Popular Blockchain Options

There are over 2,000 blockchain-based currencies available on the market, and most of them are using the same systems.  The first system that offered people to use it for their tokens is Ethereum, which is also the most popular solution. Besides Ether, you can choose between EOS and NEO. There are many differences between these blockchains related to the required programming language, available e-wallets, standards, ability to provide users to use hardware e-wallets, and volume of transactions per second.

Most Important Things During the Process

As you can see, there is a possibility to create your token or coin even with a lack of knowledge since you can always hire a team of professionals. However, you will have to learn more about the whole market, the structure of your currency, and its potential. First of all, you will need a proper strategy related to the right selection between token and coin. Also, you should choose the system with proper security measures, speed of transactions, and good potential to become competitive on the market.

Also, hiring a team of experts can be crucial as well, especially if you are not so familiar with the processes related to the development of blockchain. After you finish all of the technical details, the promotion can be crucial for the performance of your virtual money on the market. Therefore, you should find a way to offer something new and useful that will attract people to invest in your coin.

The Bottom Line

It might seem like a challenging process to become competitive on the market where we already have some popular choices like Bitcoin, Ethereum, Dash, and more. However, the market is quickly expanding, and many investors are searching for various options related to new and cheap coins that might bring them high profits. That is one of the main reasons why investing in the development of new crypto can be an excellent business strategy. Even though the technical process can be finished in one day if you choose to introduce a new token, you will have to invest a lot of money in further development, white paper, placement on the market, ICO security, and more.