Investing

How the US Elections Have Influenced the Price of Cryptocurrency

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Digital currencies have changed the world in many different ways. The number of businesses that accept crypto-based payments is growing. On the other hand, the number of people that use them for trading purposes is improving as well. People have become aware of the benefits different digital currencies bring.

Yet, becoming a successful crypto trader is a challenging task. People need to go through a couple of stages before they reach their goals. Before everything, they need to get familiar with all the digital currencies that exist, their features, potential, etc. Despite that, they need to use every possible tool that will improve their performances. A good example of that is different software solutions that provide people with useful data, insights, and statistics. If that seems like a legit way to improve your trading skills, we recommend you click here.

Predicting certain things on your own can be challenging. For beginners, the tools we previously described are an excellent choice. Many different things can influence the price of Bitcoin. That especially counts when we talk about some important happenings in the world that influenced the entire world. One of them is the US elections without any doubt.

Analyzing the way how the US elections have influenced the price of Bitcoin requires in-depth analysis. We primarily need to go back to 2012 and 2016 and try to predict certain things in that way.

Presidential Elections in 2012

In 2012, the price of Bitcoin was around $11. In that period, many digital currencies of today didn’t even exist. Because of that, we will use the most popular ones to make a proper comparison.

After Barack Obama was elected for the second time, things have not changed a lot. However, things have changed only one year later. In 2012, the price of one BTC jumped to 253 dollars. However, we do not want to say the president Obama had something to do with that. The entire world was fascinated with the new payment method. Many investors targeted Bitcoin as an excellent investment option.

The only thing we can say is that the president never said a negative word for digital currencies. Obama was, more or less, neutral as well as other responsible financial authorities. No one probably believed the price of Bitcoin will be more than 40 thousand dollars 7 years later.

Presidential Elections in 2016

Many people will say that 2016 was the year when everything inside the US changed. Donald Trump brought different decisions that also influenced the price of digital currencies. We will use Bitcoin once again as an example.

Believe it or not, a couple of hours after the mainstream media confirmed the victory of Donald Trump, the price of one BTC jumped by 3.8%. More precisely, from $709, it reached $736.

There is a good reason why something like that happened. After Trump’s win, many investors were concerned about the stock market in the United States. That market started to look uncertain, and people were looking for a more secure place to invest. It seems that digital currencies were the option of many people.

Generally speaking, we can make one conclusion here. The happenings in the world do not directly influence the price of digital currencies. However, they do influence the decisions that people make. For instance, uncertainty in the stock market made the crypto market more attractive to people. They wanted to find safe assets that will help them control or improve their earnings.

So, What about Elections in 2020?

Source:bbc.com

Cryptocurrencies were not a focus of social media in 2020. People in the USA could hear only news associated with elections and pandemic. We primarily need to say that the beginning of the pandemic negatively influenced the price of Bitcoin. People were unsure what will happen and how long everything will last. That is the reason why many people sold their digital currencies.

Over time, the pandemic also influenced the strength of the dollar. It is not a secret that elections are also one of the reasons why the dollar has become unstable. Since May 2020, the value of one dollar has slowly started to fall.

Currently, the value of a dollar is stable, but it is not high. Things after elections did not calm down. For a couple of months, Donald Trump was claiming that he was rigged. That situation, once again, makes the stock market unsafe for many people. In one moment, everyone expected things will turn bad in America. Fortunately for people, something like that didn’t happen. However, the good news for crypto supporters is that the value of digital currencies jumped as well.

People were, once again, trying to find the best investing alternative. When the stock market seemed unsafe, many of them decided to invest in digital currencies.

We will once again use Bitcoin as an example. It is not a secret the most popular digital currency is making progress since the beginning of this year. On December 31, 2020, the price of one BTC was almost 29 thousand dollars. While you are reading this article, the value of one BTC is 51660 dollars.

It would be unfair to say that US elections are the only reason why the price of BTC jumped. After the elections ended, digital currencies appeared in mainstream media once again. Despite that, many people realized the pandemic will mess up economies around the world. The stock market is not the only one that has become uncertain. Fortunately, the decentralized virtual currencies looked like an excellent investment option. It seems that more and more people are becoming aware of that. Together with value, the demand for digital currencies is growing as well. The insights we receive today confirm the same trend will probably continue.

Source:britannica.com

Final Thought

US elections are a confirmation of one thing. Different events and happenings around the world do not directly influence the price of digital currencies. However, they do impact the decisions that people make. They make different markets more or less attractive for investing.

We still can’t claim that digital currencies will take over traditional ones. However, not being familiar with their features may be a big mistake. Without any doubt, they are our future.

5 Tips for Finding Reliable Bitcoin Trading Apps

Investing in cryptocurrencies has been a lucrative business since 2008 when a group of people under the pseudonym Satoshi Nakamoto created the most famous digital currency of the present – bitcoin. Although its value was negligible at the outset, it has recorded almost constant growth over the years, so that its current value is above $ 45,000.

What do we need to know about bitcoin?

Bitcoin is a digital, decentralized currency. Many cryptocurrencies call it digital gold. What makes investing in cryptocurrencies tempting is the fact that the customer remains anonymous, that there is no need for a third party, and of course, there is no central authority. They are based on the principle of blockchain, a system that makes them secure.

How and where to buy bitcoin?

Source:nairametrics.com

There are several ways you can buy this digital money, but the two most common ways are to shop at an exchange office and an ATM. ATMs have proven to be more efficient because you don’t have to leave your personal information, all you have to do is swipe your credit card and buy cryptocurrencies that way. Of course, you will also have to keep this money in your wallet, but digitally. Although many opt for a hot wallet over a cold wallet (for financial reasons), we must point out that a hot wallet is vulnerable to hacker attacks because it requires an internet connection, while a cold wallet is more secure because you store money on hardware-software. Anyway, this is something you don’t need to spend money on. Think of it as a smart investment.

Trading methods

There are two ways to trade, and these are manual and automatic trading. Manual trading refers to one in which you personally open and closes an account each time you access the trading platform, while in automatic trading the situation is different.

Automated trading software, also known as Expert Advisor or EA (Expert Advisor), can open and close trading positions without human intervention. Some automated software uses technical analysis to make algorithmic trading decisions, while others use economic news to open accounts.

Trading using the application is very practical because you do not have to spend your free time in this business, it is enough to set up the application so that it, thanks to artificial intelligence, monitors the situation on the market. To be successful in trading even when using an automated app, it is important to improve and enhance your strategy which you can read more about at eng.ambcrypto.

Since there are so many of these apps today, it’s important to take a few things into account to find the one that will work best for you. But how? Here are some tips that will help you choose the best application.

Source:financemagnates.com

Is the app compatible with your device?

Today, many applications have a desktop and mobile version. However, using the desktop version on a mobile phone can be impractical (which is why there are mobile versions). However, be aware that some mobile apps are designed exclusively for Android or iOS, so it would be a good idea to check this out before making a final decision.

Ease of application to use

One of the important things you need to pay attention to when it comes to choosing an application is its appearance, ie whether it is easy to use while meeting all your criteria. Many applications have advanced features and tools that could appeal to you, and they are unnecessary tools that will only distract you from the most important thing – improving your investment strategies.

There are also those applications that are equipped with few options, for example, you can not see the former value of the currency, but only the current, which will require you more time while performing additional searches on the Internet to get the desired data.

Customer support

This is a very important item, especially for those who are new to this business. Check what kind of service the application offers to its clients, whether it has 24/7 support talks with the support agent to avoid additional costs by calling the broker.

Source:financemagnates.com

Reviews are important

Each application will present itself in the best light, emphasizing the advantages and skillfully hiding the disadvantages. Who better to tell you the truth than its users? Reading reviews will give you a real insight into the quality of the application and help you make decisions about whether it is the right choice for you.

Charging policy

Each trading application has different rules on the method of payment and the initial amount of the deposit. This is something you need to find out before making a final decision on choosing an application. Today, there are many benefits when it comes to payment, so you can even do it via Google, Apple pay, PayPal, or Neteller.

For daily trading, it pays to use an automated bot (software) that will track prices and sell and buy for you.

If you have ever traded stocks you know that stock exchanges work e.g. from 9 am to 5 pm. There are no working hours in cryptocurrencies. Stock exchanges and exchanges operate 0 – 24.

Jumps that can be up to a few hundred dollars in one hour arouse euphoria in you so that you can trade and earn money every day! While this is possible it is not easy.

Daily trading requires a lot of practice, you need to know the market, individual trading options, interface, and the like. If you really want to profit from “day trading”, our recommendation is to use bots or automatic stock exchange options, which will work for you because you will not be able to be 0-24 behind the computer to track movements.

Everyone has to decide for themselves if it is a good idea to invest in these new technologies. Technologies can fail. Price speculation is one of the network effects that push the price to new records. That’s not necessarily a bad thing. Just be aware that this is a high-risk investment!

Small-Caps, Mid-Caps, and Large-Caps: What’s the Difference?.

When it comes to investing, knowing your options is paramount. You need to know about different ways to invest, types of companies to invest in, and more. Perhaps one of the most important things to know is the three main types of companies: small-cap, mid-cap, and large-cap.

Knowing the difference between these three types of companies can help you know what to put your money into. Maybe you’ll want to take your chances on raking in higher-than-average returns, so you’ll invest in a small-cap. Or maybe you want to put your money into a large-cap to steadily grow it. Knowing your investment goals is important, and it all starts with learning about small-caps, mid-caps, and large-caps.

What Is Market Cap?

Source:youtube

Market cap—or market capitalization—refers to the company’s size and worth. This is determined by the total dollar market value of a company’s outstanding shares of stock. To find a company’s market cap, you multiple the number of outstanding shares by the share price. The share price is determined by supply and demand. If that company is doing well and offers something favorable, stock prices tend to rise. However, if stock is low, it is because the company’s future does not look good. Typically, the higher the market cap, the bigger the company.

Market cap matters because it can help investors determine the type of company it is, and therefore, the risk associated with that company. Usually, the smaller a company is, the higher the risk. Overall, knowing a company’s market cap is a simple and effective tool for risk assessment of those stocks you might be interested in. It can also help you achieve portfolio diversification by showing you the different sizes of companies.

Large-Cap Companies

Source:pinkstockmarket.com

Market Cap: $10 billion +

Large-cap companies are those with a market cap of $10 billion or more. They have grown to have such a large market capitalization because they have been operating for a long time. These companies are well-established and major corporations in their respective industries.

Investing in large-cap companies won’t necessarily rake in large returns, but in the long run, these companies could help build your wealth. Large-cap share prices generally increase over time, steadily increasing the value of your share. Some large-caps also give out dividends.

Examples of large-cap companies include:

  • Microsoft
  • Amazon
  • Johnson & Johnson
  • JP Morgan Chase
  • General Motors

Mid-Cap Companies

Source:medium.com

 Market Cap: $2-$10 billion

Companies classified as mid-cap have a market cap of anywhere from $2-$10 billion. They are typically established and tend to be found in industries projected to experience rapid growth. Mid-cap companies can either be on their way to becoming large-caps or are already operating at full potential in stable, profitable conditions. Although they are riskier investments than large-cap companies, they still hold growth potential, making them favorable to some investors.

Examples of mid-cap companies include:

  • Grubhub
  • American Eagle Outfitters
  • Tempur Sealy
  • Dunkin’ Brands Group (Dunkin’ Donuts)

Small-Cap Companies

Market Cap: $300 million – $2 billion

Source:invictus-resources.com

Small-cap companies are the smallest—and riskiest—companies of the three. They have a market cap of anywhere from $300 million to $2 billion. These companies are small because they are either relatively young in age or are serving niche markets or new industries. Their size is what makes them particularly risky. Because they are smaller companies, they lack the necessary resources to tide them over if they were to experience an economic crisis, such as a dip in the economy. Although investing in them is a very high risk, some investors choose to invest because small-cap companies could make unusually large returns. For example, Walmart and Apple both started out as small-cap companies and are now some of the largest companies on the market. This shows that when you invest in smaller companies, you have the possibility of investing in the next huge company—which could potentially make you lots of money.

Examples of small-cap companies include:

  • VirnetX Holding Corp.
  • Tronox Holdings PLC
  • Smith & Wesson Brands Inc.
  • Novavax Inc.

Key Differences

The main difference between these three companies is their market capitalization and risk factors. For instance, small-cap companies have the lowest market cap and are the riskiest. However, they are appealing because they have the potential to make you more money than large-cap companies. On the opposite side of the spectrum, large-cap companies are secure in their industry, profitable, and usually stable investments. Like small-cap companies, mid-caps have a history of outperformance, but some of the security of large-caps.

Which One Is Right for You?

When deciding whether to invest in small-caps, mid-caps, or large-cap companies, the decision is determined by your goals. Here is a general rule of thumb:

For gradual increase of wealth and steady growth:

Invest in large-cap companies. Their stock prices usually continue to rise steadily throughout the years. Plus, you might be able to invest in companies that give dividends, increasing your returns.

For potentially high earnings:

Invest in small-cap and mid-cap stocks. Although they are high risk, they tend to outperform their larger counterparts throughout the years. To mitigate the risk of investing in these volatile stocks, make sure to research the companies you want to invest in beforehand. Look at their past performance and earnings to gauge future performance. Portfolio diversity can also help you offset any losses incurred by the poor performance of a small-cap or mid-cap stock.

Consider investing in all three types of stocks in different industries to diversify your portfolio, which helps you keep your assets secure and offset any losses.

Investing the Smart Way

Source:dnaindia.com

No matter what you choose to invest in, make sure that you have done thorough research. This means looking into the company’s past performance, being aware of the current market type, and understand what the company’s market cap is. Doing all of these things can help you improve your chances of becoming successful in investing.

Now that you know the differences between small-caps, mid-caps, and large-caps, you are one step closer to making investment decisions that could potentially bring you big returns.  Click here to learn more about the Small Cap investment with Dear Retail Investors.

7 Advantages of Stocks over Alternative Investments

Investing in stocks can be pretty scary, especially if you don’t know what you are doing. But it needs to be said that even experts in this field will not be absolutely sure about their moves, especially in uncertain times. The world’s economy experienced one of these times in 2020, with the global pandemic of coronavirus, which devastated a plethora of industries.

The number of those who didn’t take a massive blow is pretty low. Since stocks are directly tied to the companies, who are again tied to their own respective industry, we can see what caused the massive decline last year. Even though the effects of the global crisis will be felt for a long time, the first wave has now passed, and we can look to a brighter future.

Humanity will just need to learn how to cope with these problems. Anyway, we can see that the decline of stock’s price has made a lot of people interested in investing in some of them. However, undergoing this journey cannot be done without understanding the basic concept.

Therefore, we would like to recommend a book that can provide you with an insight into the whole story. In case you are interested in checking it out, be sure to visit amakella.com. Now, we would like to talk about the advantages stocks have over alternative investments. Without wasting your time further, we will start with these now.

1. They Follow the Economy’s Growth

Source2deloitte.com

With every step economy makes towards growth, corporate earnings follow. Why is this happening? In the simplest way, we can describe this process is that the economic growth creates new job positions, which directly generates income and sales.

The bigger the salary, the greater boost to customer demand. All of these directly lead to generating more revenue in companies. To monitor this process in a more effective way, you will need to have a full understanding of the business cycle, which consists of expansion, contradiction, peak, and trough. It could be said that this is the greatest advantage of buying stocks.

2. Aggressive Growth Potential

As you know, there’s a wide array of different types of investments. However, almost none of them have the potential similar to stocks. Why’s that? Well, since their worth is increasing along with the economy, their potential is almost limitless. Naturally, these limitations are imposed by the strength of the country’s economy.

But, if we are talking about the world’s economy, you can understand why we’ve labeled their potential as limitless. You don’t need to take our word on this, you can monitor a couple of companies and how the worth of their stocks progresses over time. Thankfully, you will not have a hard time finding this information in this day and age.

3. Avoiding Inflation

Source:investopedia.com

When we take a look from a historical perspective, we can see that stocks averaged an annualized return of 10%. You will certainly agree that its average is way better than the annualized inflation rate. What does this mean exactly? It means that you will have more time to act when facing inflation.

Furthermore, you can retain control over stocks even when their value drops. Not only that, you will be able to hold the existing ones and buy new ones even when facing a crisis. Why’s it better than other investments? Simply said, you will have way more time to act and preserve as much as it is possible than with others. Think about that.

4. They are Easy to Buy

Surely, you know that the stock market makes it pretty easy for people to buy shares in every company they wish. There are three main ways you can buy these, through a financial planner, online, and broker. It’s needless to say that you need to create your own account before you can make any purchases. Furthermore, you can make these in a couple of minutes.

Thankfully, there are countless high-quality apps you can use to take participate in the market. Also, you can use trainer apps, which can provide you with a simulation of the whole process, like Stock Trainer. These will provide you with a high-detailed walkthrough.

Source:techradar.com

5. They are Easy to Sell

Now that we’ve established that you can have some control even when the economy faces a crisis, it needs to be said that selling the stocks is also a pretty easy process. Surely, you’ve heard the term “liquid” being related to stocks. It means that the market provides you with a possibility to cash them out quickly and you will not be faced with high transaction costs.

Do research on your own, and you will see that they are pretty low. Of course, this is a really big advantage in the case when you need money urgently. In some cases, prices can be pretty volatile, which means that there’s a risk of experiencing a loss in this process.

6. Diversification

Source:warriortrading.com

Now we would like to talk about diversification. The value of the stock market changes values independently from any other type of investments, like real estate and bonds. Holding these can provide you with a chance to have a better reaction than any other way of investment.

Furthermore, it can be said that they add risk to a portfolio, rapid gains, the potential for large, etc. At the same time, it helps investors to avoid all the dangers of overly conservative investment strategies. You can see that we are talking about a more flexible approach to the whole situation.

7. Low Transaction Fees

Source:bitcoinexchangeguide.com

We’ve mentioned that transaction fees related to stocks are pretty low. However, we would like to discuss this factor in greater detail. In the highest number of cases, you will see that the price war among discount brokers has reduced stock transaction costs to zero, which is a pretty helpful thing, right?

At the same time, the highest number of brokers will provide you with a chance of selecting no-transaction-fee mutual funds. Certainly, we are talking about a process that will not take too much out of your hands, which is more than we can say for alternative investments.

What is Bitcoin and How Does it Work? – 2021 Guide

As a newbie, you might get confused regarding what is bitcoin, and how does it work? Like most of the other people, you might find the concept of bitcoin quite confusing. In this article, we will help you find out all the details you need to know about it and its working process.

What is Bitcoin?

img source: investopedia.com

It is a digital currency token having no solid backing. It can be quickly sent electronically from one person to the other all over the world. The smallest fraction of this coin is named as a penny of BTC. It can be divided into eight decimal places, i.e., 0.00000001 bitcoins. It is named Satoshi, who is considered as the anonymous creator of this cryptocurrency.

The network is working on a decentralized network of computers all across the globe. A complete record of these transactions that these computers handle and update regularly is known as the blockchain.

Are these coins the Ones that We See in Photographs?

You might have seen this cryptocurrency as coins in photographs or newspapers. But in actuality, these are not coins. Those pictures are just an identity of the bitcoin. Those coins are the symbols that the journals use to portray. The reason is that they don’t have anything else to illustrate the news about BTC.

Bitcoin Works through Blockchain

img source: alphagamma.eu

Blockchain was first described back in 2008 by a person or people calling themselves Satoshi Nakamoto. We have seen that there are different types of cryptocurrency techniques, and many blockchains have been created on the concept of these techniques.

The basic understanding of blockchain is quite straightforward. You can earn money and do trading through different platforms and you can take insidebitcoins.com as an example. One chain contains only one blockchain, and all the information is stored in different blocks that is a secure way. All the stored data in blocks are in the form of 0s and 1s and minimize the hacking risk—the information secured in the blocks may be emails, land titles, marriage certificates, or bond trades.

When we talk about the contract, it is developed between two parties without the involvement of a third party. There are many possibilities for the products for each person, and everyone can secure the payments. It does not involve banking security, and all your emails and data save from end to end transaction.

Bitcoin Transactions

These transactions are more robust, and there are different wallet ids, and transactions are done between the wallets. BTC wallets store these transactions in a secret piece of data named as a private key or seed. This confidential data is helpful in signing transactions that help provide a mathematical proof that the transaction has come from the owner of the wallet.

The signature prevents the transaction so that it does not get altered by anybody once it has been issued. The deals are broadcasted to the network and get confirmed within a few minutes through the process of mining.

Bitcoin Mining

img source: supercryptonews.com

The process of making new coins and passing them on to the computers to maintain a robust network is called mining. These computers are in a consistent race to process new transactions coming to their system.

The person with the fastest computers stands out to be the winner, and he gets a chunk of new coins. A new winner is announced every 10 minutes.

The process of mining brings in a competitive lottery that prevents a person from adding new blocks to the blockchain. So, no individual can control in any way what is happening in the blockchain.

How can You Buy Bitcoin?

There are some BTC local agencies where you can get your desired cryptocurrency. Many companies sell these coins. A company named Coinbase will sell you digital currency in exchange for dollars.

Signing in for a bank account with Coinbase is similar to opening a traditional bank account. You will have to provide all your details.

How is the Worth of Bitcoin Decided?

img source: independent.co.uk

The value keeps on rising and falling. Its value is determined by the open market. It also depends on the bidding in crypto exchanges.

Does BTC Have Any Competitors?

Yes, it has plenty of competitors. BTC is the most used cryptocurrency and there are many competitors, but people rely on this currency. In the real world, the currency is worth only things that people are willing to accept as goods and services.

Criminal Nature of Bitcoins

img source: economy.com

Criminals like to deal with crypto. The reason is that trading does not require complex trading and identity verification. To open an account, you don’t have to pass through a lot of identification processes. Moreover, there is no central authority that collects or controls this information.

These days the cryptocurrency has become a method to make ransom payments. For example, your computer might be controlled by ransomware, and you may be asked to pay ransom payment in the form of bitcoins.

Can Bitcoin Users share it Themselves?

If a person is helping to maintain the database of all the bitcoin transactions, then the blockchain could change his copy of the records to add more money. However, if someone does that, the other computers maintain the records would consider that as a discrepancy and would reject that.

What are the Legal Uses of Cryptocurrency?

img source: wikimedia.org

The transactions made through bitcoins revolve around selling and buying Bitcoins on exchanges and predicting future prices. No one wants to lose their currency, and in most of the countries, people get the currency from the local exchanges and trust them.

Another meaningful business strategy is using this cryptocurrency to transfer money over international borders. It may take weeks if the money is transferred through banks. Although, many companies use bitcoin for transferring payment and you can send a lot of dollars in seconds. That’s why it has gained a significant reputation all over the world.

Conclusion

We hope this article helped you in finding out what is it and how it works. The process of buying and investing in this coin might become more comfortable for you now.

What to Consider Before Investing in Cryptocurrency

Crypto trading is getting more and more popular, especially when Bitcoin and other cryptocurrencies are reaching astronomical prices. Experts predict that the value of cryptocurrencies will continue to rise, which is why many people decide to start investing in some of the best performing digital currencies.

Even though cryptocurrencies have been around for a long period of time, people still don’t know the process well enough in order to make a safe investment. Whether you want to buy cryptocurrencies for trading or as a form of investment, you need to take some things into consideration.

In today’s article, we will highlight some of the things that you should pay attention to before you enter this vast crypto market.

Research is Crucial

Source:101blockchains.com

In order to come up with an investment plan for cryptocurrencies, you need to do a lot of research on your own. Reading about cryptocurrencies will help you understand the market, understand what is blockchain, and all the security measures you need to take to make the process much safer.

Since we are talking about a market that is still upgrading, you need to update your knowledge and follow new information about crypto every day. If you know something to be true a couple of months ago the information might be outdated and wrong now.

If you follow Warren Buffet, you must know one of his most popular quotes “Never invest in something you don’t understand”. This strategy applies to every investment in your life. Without having a full understanding of what you are getting into, you run with a bigger risk of losing your money.

Don’t Focus only on Bitcoin

Source:bloco1.com

Once you understand the process behind cryptocurrencies it is time to get your hands dirty. Most people focus only on the biggest cryptocurrency “Bitcoin” which isn’t necessarily bad, but there are many other cryptocurrencies that can turn out to be a good investment.

Also, other cryptocurrencies are much cheaper than “Bitcoin” which is better for people that don’t have a significant budget for investing. Also, the price of other cryptocurrencies can spike up which can multiply your investment many times.

Better Safe than Sorry

You have to understand that you are getting into a market that is full of scams, hacks, impostors and fraudsters, and phishing attacks. It is crucial that you take all the necessary safety precautions just so you can make the process much safer. It only takes a few seconds to lose something that you’ve worked for many years.

You need to be careful when you are entering your passwords and private keys from your wallets, avoid public networks, especially when you are transferring money to accounts. There are thousands of scam exchanging websites that can take all your cryptocurrencies from your wallet.

So, make sure you double-check the URL and research the website before entering any sensitive information.

Invest Only What You Can Afford to Lose

Source:hackernoon.com

We keep hearing that crypto investing is a profitable option, but nobody reads the “Terms and Conditions” that come with such actions. Whether you invest in cryptocurrencies or start trading with stocks, you need to balance your portfolio and only invest what you can afford to lose.

Even though cryptocurrencies are rising at the moment, nobody knows what can happen to this market in the future. There are many examples where people lost all their savings and had taken loans for investing.

In other words, you need to create a risk management plan and make sure you stick to it no matter what. Investing in cryptocurrencies might be tempting, especially when we see how some of the currencies reached astronomical values.

Learn How to Track Your Funds

Managing your crypto portfolio is crucial. Unlike stock exchanges, you need to create multiple accounts on different websites that offer cryptocurrency trading. It is important to understand that different websites support different cryptocurrencies.

Also, many people do the same mistake of keeping their cryptocurrencies on the platform they trade. For example, if you choose to buy bitcoin or ethereum on some trading website, it is important that you transfer your funds to an external wallet. The reason behind this action is because trading platforms are prone to hacker attacks every day. There are many people who lost all of their money after such attacks and an external wallet is a much safer option.

This means that you have to find a good crypto wallet that keeps your funds safe. There are many apps that offer great features when it comes to crypto wallets.

One of the best options is Tezro, which is an all-in-one application that has multiple chat applications that combines all things into one. This means that you’ll no longer need multiple crypto wallets that are costly and hard to track.

Join Crypto Trading Communities

If you are new to crypto trading it is best if you have some sort of guidance before you start trading. There are many crypto trading communities on social media platforms where you can find very useful information that will help you sharpen your trading skills.

There are many Facebook and telegram groups where people with tons of experience and give feedback on the market and provide great crypto trading tips that can be helpful. Make sure that you double-check the information and don’t jump into investments if someone says it is a good idea.

Even though such information can be helpful, it doesn’t mean that you should follow everyone’s advice.

Source:bct.io

Final Words

These are some of the things that aren’t usually mentioned when you start trading. Since you are entering mudded waters, you need to take things slowly and do a lot of research before coming to conclusions.

Crypto trading can turn out to be a profitable investment, especially after we saw the price increase on the bitcoin last year. The value of one bitcoin increased from $8,000 to $39,500 just in one year.

Nobody knows what will happen in the future but experts predict that the price of Bitcoin can reach up to $300K which means that it is a good idea to invest in cryptocurrencies.

7 Reasons to Start Investing In Real Estate at a Young Age – 2021 Guide 

New investors are constantly trying to buy properties, and most of them are overwhelmed by current younger generations who are getting into real estate. The market is flooded with younger entrepreneurs, especially in the USA. You can never be too young to get into this business, and there are no wrongs or rights with real estate. If you wish to know a bit more about real estate, as well as why and how to invest in it, keep on reading and find out all there is to know!

Why you should start investing in real estate at a young age? Top 7 key reasons

1. Long-term wealth

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For most people, investing in properties and getting into real estate means wanting to grow over the years. Most properties are estimated to grow throughout the years, which means that you should think ahead and make your plan if you want to make a long-term profit. If you wish to know how to invest in properties and be a part of this business, learn more and browse through some amazing real estates around the world! You will learn that real estate is an $8.9 trillion market and that there is a piece of it for everyone who wants to get involved!

2. Expect the dips and learn how to deal with them

Dips in the market don’t really matter since they are quite frequent, and they shouldn’t scare you. However, you should be prepared (mentally) for them to occur. Rents usually do not change during recessions. Do regular evaluations and see what you’re willing to settle for. If the market crashes, think twice before you start to lose your control. The sooner you learn how to manage your money and your property in a stressful situation, the better you will feel and come out of this experience.

3. The younger you start, the sooner you learn

Your first property ever is probably not going to make you or break you. This first real estate is an amazing learning curve that you should embrace and look into. The younger you start to invest, the longer you have to master and refine your skills. In a couple of years from now, you will have an amazing skill set and knowledge that others will admire.

4. Time is on your side

You have loads of time ahead, and you are in good luck since you can research, learn, and fail over and over again. If you are not an at-home mom with two kids, time is on your side! You can learn through constant trials and errors and enjoy the process on its own. Just be patient and give it enough attempts before you call it your next calling.

5. You learn how to manage risks in a different way

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Most people will manage and evaluate situations differently when working in real estate. You will gain a whole new approach to the business side and your motivation level will be higher when compared to your peers. Learning how to do some risky tasks and how to balance your work-life and private life will come in handy, especially if you are in your early twenties.

6. You can retire sooner

If you are someone who thinks ahead, this is an amazing benefit for you! You can retire early and enjoy your late 40s the right way! On the other hand, if you were to invest in some properties in your late 40s you’d have a hard time getting to your retirement and settling beforehand.

7. Baby steps win the race

Younger folks can take their time and invest constant trials and errors in figuring out how to do this business.

Tip: Try to find a partner since this can be way more fun for both of you, and you won’t get bored in the process.

Go little by little and remember that sometimes slow and steady wins the race!

How to start? Top 3 helpful tips and tricks

  • Education is important

You will have to educate yourself on diverse topics. If you are a money-hungry individual and you feel as if this is an amazing opportunity, make sure to invest loads of hours when doing your research. You can choose loads of different solutions: you can study through online material, you can turn to school, listen to podcasts, the list just goes on and on! Nowadays everything is a lot more accessible than before, so you won’t have to worry about getting the right knowledge.

  • Find a partner

As previously mentioned, we highly recommend getting yourself a business partner who has been through it all! You can invest with someone in several different properties, and you should aim for a person who has experience in real estate, and someone who is not that older than you. You can talk with them about deals, and figure out if you want to go the 50/50 route, or if you wish to give them a higher percentage while you lay back and relax for some time. You can talk the process through with them and make deals however suits you. You can also make deals according to your schedule, your holiday plans, etc.

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  • Do house hacking

Ever heard of this term before? It involves purchasing several different properties (such as duplex, triplex) with several different bedrooms and renting them out to cover your expenses. You should also consult with a local mortgage agent to determine if you qualify. This way you can get started and enjoy:

  • Building equity
  • Gain the needed experience as a property manager
  • Gain experience as an investor
  • See how difficult and challenging it truly is before you start working with larger properties

This is amazing insight info, as well as a great first step to your ”real” real estate business.

Ready for your real estate journey?

Are you ready to start this journey on your own, or do you feel as if you need a partner? Both men and women can have fun in this business, and you can make a decent living if you start at the right time. Do you feel ready and are you willing to make this leap of faith? Let us know your thoughts on property hunting and real estate, we would love to know!

Mountain House: The Best Choice for Nature Lovers

If the spectacular beauty of the majestic mountains moves and inspires you. If vast open skies fill you with contentment and awe, a mountain house is where you should live. Surely, there are a lot of people who don’t enjoy living in big cities where crowds and traffic is something that bothers people quite a bit. Nowhere else could you acquire such astounding experiences: The vibrant sunrises and the equally tranquil sunsets, the amazing sports you could enjoy with your company, the pleasures of food and drinks high above the land. You will discover how exciting life could be. However, this is something you need to see for yourself before you can experience it in the best possible way.

Mountain houses not only offer you spacious living, but they also offer added privacy. It makes perfect sense if you know that there’s no one nowhere near you and that you don’t have to face similar problems you would face if you live in the city. Instead, they have a distinct appeal where you could enjoy all seasons in their prime. Therefore, many people are eager to have an experience like this. However, building a mountain house could be intimidating. But thanks to The House Plan Shop, you have the opportunity to can check hundreds of mountain house plans available on the internet.

Here are some important elements that you should consider before building your mountain house to make the experience a rewarding one.

1. Analyze the cost of Construction

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Building a Mountain home could be expensive. For starters, you need to buy a lot to build the house on. Plus, chances are that the place where you will buy the material is not near you. Therefore, you will need to invest a significant amount of money to transport them to the location of your liking. You do not want to exhaust your resources on the foundations. For that, you have to plan an estimate for the foundations and the home itself.

Always keep a surplus, as once the construction gets started, there is still something that will be more than your estimation. Keep a budget for unexpected costs.

2. Site Selection

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Do not proceed to pick out a location for just the view. You will need to consider many elements to make your mountain home as cost-effective as possible. You need to get professional help from an architect or an engineer even for selecting the site.

If you do not consider the topography, and there are a lot of trees or stones in the area, or a creek nearby, it does sound like heaven but increases your cost many folds.

Choose a considerably flat area, which could pass as a miniature plain. Next, you should carefully study the site that you choose. It would be wise to have a professional take a look. Getting professional advice is actually a smart investment. You can get an engineer to inspect the location and its surroundings.

3. Plan Exits

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While you make your site plans, keep in mind that the weather in the mountains might get rough. You might be stuck indoors for days; therefore, you should set up more than one entrances and exits. Naturally, there are many different problems you can have due to the weather conditions. So, it wouldn’t hurt you to prepare yourself in the best possible way.

That way, you will have more than one option to resolve the problem that arises at some point. The access roads should be near your location for an easy commute. There should more than one road leading to the access roads from your house. This will come in handy if one gets caved in.

Make sure public utilities, like water, sewerage are attainable. You have to arrange for a well or a septic system for your sewerage.

4. Construction Design

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Construction designs for mountain houses are not as simple as an ordinary house. You have to consider the weather conditions in the mountains. So, you cannot rely on the same types of design that you can use if you live in different weather conditions. As you can presume, it requires a lot of research before you can make the ultimate decision about what you should do in these situations.

Your house should be anchored to the mountain. If you are building on a slope, consider the erosion level of the hill. You do not want your home sliding away in a few years. Professional mountain house designers and builders know how to forge a stable foundation.

5. Embody the Natural Beauty of the Mountains

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When designing your house plans, keep in mind to incorporate the natural charm of the mountains. Try to keep minimal damage to trees to disturb the genuine spirit of the mountains as minimal as possible.

Construct an outdoor relaxing space to enjoy the natural scenery. Think of every minute detail and plan well ahead to accomplish the house of your dreams. Your plans should be practical and within your budget.

6. Recruit an experienced local mountain building workforce

To carry out your plans as compassionately as you want to, invest in people who know what they are doing. It is better to find a local workforce familiar with the general problems in the area. Choose people who have a positive reputation as you would be working with them for a few months.

House building procedure in a nutshell

Follow the below-mentioned steps with the help of this personnel:

i)Get all necessary permits.

ii)Evacuate the area around your house

iii)Dig the foundations

iv)Construct house frame

v)Install woodwork

vi)Get plumbing and electrics done.

vii)Fix flooring

viii)Paint away

ix)Get it furnished

x)Get your house inspected by professionals for safety.

xi)Get a certificate of occupancy.

xii)Move into your new home.