What Is Cryptocurrency? Here’s What You Should Know

In a world driven by hype and FOMO [Fear Of Missing Out]it is becoming increasingly clear that a diligent crypto enthusiast must have a litmus test to select a token for support in a world where it is difficult to find real viable projects, and good projects with long-term prospects even harder to distinguish than ‘shitcoins’.

With recent developments where most new cryptocurrencies are reaching record lows and new ICO projects are not meeting their wishes after Crowdsale, it is now common for frustrated ‘investors’ to blame ICO promoters on social media instead of blaming themselves for not exercise due diligence to select the most likely winner after the mass sale before purchasing the token during the ICO.

From my extensive observation, it seemed that most cryptocurrency buyers simply bought coins during the FOMO-based ICO (Fear of Leakage) created by the masters of hype behind those coins. Many simply bought without understanding the purpose of the coin after the ICO or what the token was supposed to do after Crowdsale. When nothing happened after the ICO, as is often the case for many ICOs now, then they would jump on social media and scream about the bloody murder.

Recently, my team and I just finished a tour of Africa and some parts of the US to promote the Nollycoin ICO. We organized and sponsored various conferences, held live AMA (Ask Me Anything) press meetings, and held many one-on-one meetings with crypto whales, small investors, and crypto millionaires of all colors.

On top of all that, one thing that amazed me above all is that MOST token holders had NO IDEA about the core business or project behind selling the tokens they were involved in.

Even stranger to my observation was the incredible fact that many could not tell you the value of the project, its goals, or the company’s plan to disrupt the market and grab some of the customers in its industry. They simply bought ICO because several telegrams or Facebook pages they visited kept telling them they were buying. Hodl and buy more ‘. Most simply worked on the herd instinct, not on objective reasoning.

Now, if most of the people I met were just teenagers or people without education, I wouldn’t be so surprised by the level of ignorance of many crypto ‘investors’ I met. On the contrary, many of those I met were college graduates and people of some financial status. Yet less than 10% of them could easily articulate why they bought the coin in the expectation that its value would increase over time. Wherever I went, very few people could tell me the name, experience and ability of the corporate managers of a company that sells coins.

The only thing most of them could point out was that the coins were recommended by ‘respected’ influencers when the facts proved that most of them were paid to create FOMO and a reputation for otherwise useless shitcoins.

Apart from the so-called fake influencers, all that many cryptocurrency buyers knew was that the names of the team leaders were Russians, Chinese or Koreans, although they knew absolutely nothing about them. As if all you need for a successful ICO is to list the names of people from Korea, China or Russia that no one could verify even with a simple Google search.

While I agree that there are certainly many things to consider when deciding whether project tokens will grow over time, I think the acid test and the most immediate evaluation criteria should be the usefulness of the coin itself beyond what would happen in crypto exchanges.

Although most crypto token owners I met didn’t even know it, the reality is that if you bought a token from most ICOs, you didn’t actually ‘invest’ in that company. You would not buy company shares and you would not buy any securities from the company.

And at best, what you did when you bought tokens during most of the ICOs was ‘donate’ to the project in exchange for giving a service token or coin that has no legal value other than a business ecosystem controlled by the issuing company.

In words, other than your hope that the price of the token will ‘smile’ or rise to become a millionaire, there is nothing else you can do with the token other than enjoy the benefits provided by the ICO company, if anyone.

Since no one could have predicted with certainty how Crypto would behave on the crypto exchange when it finally got there, and recent experience has shown that most token prices would most likely jump in the first weeks after the exchange opens (due to big sell-offs by speculators), there would be it makes sense to look at what other value or utility you can get out of your token, other than the expected ‘moonization’ of the stock market.

As the crypto revolution has continued to evolve, reshape and adapt to different market developments, the only way to ensure your money is not thrown down the drain is to make sure you can still use those tokens to get great value and benefits even if you you could sell it right away for a profit on the exchange.

In making this decision, you need to ask yourself this primary question: What is the value, product, or service generated by the company selling the token that will give me enough value for my money to make this purchase worth my time?

In the world, the price of tokens on different stock exchanges is falling, the more opportunities you have to use tokens in real life beyond the expected listing on the crypto exchange, the greater the chances that you will not end up frustrated or stranded. tokens that are useless to you.

So, you have to ask again and again: IF this coin has never been traded on the stock exchange, would I still be happy to support the vision? If this token has lost 70% of its value on the exchange, can I still use it and get value for my money elsewhere?

If you couldn’t answer these questions in the affirmative after reviewing WHITEPAPER and filing the company’s claims, then you should think twice before buying that coin.

A recent case study

Take the current ICO like Nollycoin which is a token that drives a movie distribution ecosystem that supports Blockchain. Coin promoters have created different utility scenarios for coin buyers to ensure that no matter what happens to Nollycoin on the cryptocurrency exchange, their sponsors and token owners will continue to smile.

Some of the great useful resources related to the Nollycoin token in the Nollytainment ecosystem include

• Ability to use Nollycoin tokens to watch exclusive movies in cinemas and cinemas

• Ability to use the Nollycoin token to access 1000 movies on their Netflix-on-steroids blockchain Movie distribution.

• Ability to use Nollycoin tokens to purchase products and services at NollyMall which is like Amazon’s platform for entertainment-based products.

• Possibility to use Nollycoin tokens to pay tuition fees on the NOLLY Academy platform and partner companies

As you can see, beyond the usual expectations that tokens will be listed on a cryptocurrency exchange platform, you need to look beyond the hype ico, the immediate and future usefulness of the token and the viability of the underlying project behind it.

What is mania? It is defined as a mental illness characterized by great excitement, euphoria, delusions and excessive activity. In investing, this translates into investment decisions driven by fear and greed, without being mitigated by analysis, reason, or a balance between risk and outcome. Mania usually runs in parallel with business product development, but time can sometimes go wrong.

The boom of technology.com in the late ’90s and today’s cryptocurrency boom are two examples of how mania works in real time. These two events will be highlighted with each phase in this article.

The idea phase

The first phase of mania starts with a great idea. The idea is not yet known to many, but the potential for profit is huge. This is usually translated as unlimited earnings, because “something like this has never been done before”. The Internet was one such case. People who used paper systems at the time were skeptical as “how can the internet replace such a well-known and ingrained system?” The backbone of the idea is beginning to be built. This spilled over into the modems, servers, software and websites needed to turn the idea into something tangible. Investments in the idea phase start poorly and are made by people who are “familiar”. In that case, it could be visionaries and people working on the project.

In the world of cryptocurrencies, the same question arises: How can part of the crypto code replace our monetary system, contract system and payment systems?

Opportunities

The first websites were rough, limited, slow and boring. Skeptics would look at the words “information superhighway” spoken by visionaries and say “how can this really be so useful?” The forgotten element here is that ideas start the worst and then evolve into something better and better. This is sometimes due to better technology, higher volume and cheaper costs, better applications for the product in question or better product knowledge combined with excellent marketing. When it comes to investing, early users are getting involved, but there is still no euphoria and astronomical returns. In some cases, investments have given a decent return, but not enough to make the masses jump in. This is analogous to slow internet connections from the 1990s, website crashes or inaccurate information on search engines. In the world of cryptocurrencies, this is evidenced by the high costs of coin mining, slow transaction times and hacking or account theft.

The Acceleration

It is starting to be rumored that this internet and “.com” is the most popular new thing. Products and tangibility are constructed, but due to the large volume involved, the cost and time spent would be huge before everyone uses them. The investment aspect of the equation begins to progress in business development as markets discount the potential of the company with the cost of the investment. Euphoria is beginning to materialize, but only among early adopters. This is happening in the world of cryptocurrencies with the explosion of new “altcoins”, and the large media press that space is gaining.

Euphoria

This phase is dominated by parabolic returns and the potential that the internet offers. You don’t think much about implementation or problems because “the returns are huge and I don’t want to miss it.” The words “irrational exuberance” and “mania” are beginning to become commonplace because people buy out of pure greed. Bad risks and negativities are mostly ignored. Symptoms of mania include: Any company that has.com in its name is hot, analysis is thrown out the window in favor of optics, investment knowledge is becoming less visible among new entrants, expectations for 10 or 100 excavator returns are common and few people actually knows how a product works or doesn’t work. This took place in a world of cryptocurrencies with stellar returns in late 2017 and incidents where company stocks rose hundreds of percentage points using “blockchains” in their own name. There are also “reverse takeover bids” where fictitious companies that are listed on the stock exchange but are dormant are renamed to something that includes a blockchain, and stocks are suddenly actively traded.

Crash and Burn

The business scene for a new product is changing, but not nearly as fast as the investment scene. Eventually a change in mindset occurs and big sales begin. Volatility is huge, and many “weak hands” have been wiped out of the market. Suddenly, analysis is being used again to justify that these companies have no value or are “overvalued”. Fear is spreading and prices are falling rapidly. Profit-free companies that survive on hype and future prospects have been blown up. Incidents of fraud and fraud that are increasing in order to exploit greed have been revealed, which causes greater fear and the sale of securities. Businesses that have money are quietly investing in a new product, but the rate of progress is slowing down because a new product is an “ugly word” unless profits prove convincing. This is starting to happen in the world of cryptocurrencies with overlapping lending schemes that use cryptocurrencies and more frequent incidents of coin theft. Some of the marginal coins fall in value due to their speculative nature.

The Survivors

At this stage, the investment landscape is full of stories of losses and bad experiences. In the meantime, a great idea becomes tangible and for companies that use it, it is a boom. It is beginning to be implemented in everyday activities. The product is starting to become the standard, and visionaries are quoted as saying that the “information superhighway” is real. The average user notices an improvement in the product and begins mass adoption. Companies that had a real profit strategy get hit during the crash and burn phase, but if they have the money to survive, they get to the next wave. This has not yet happened in the world of cryptocurrencies. The expected survivors are those who have a tangible business case and corporate support – but it remains to be seen which companies and coins it will be.

The next wave – The business is gaining popularity

At this stage, the new product is the standard and the profit becomes obvious. The business case is now based on earnings and scope, not ideas. A second wave of investment emerges starting with these survivors and extending to another early stage of mania. The next phase was marked by social networks, search engines and online shopping, all of which are derivatives of the original product – the Internet.

Conclusion

Mania works according to a pattern that is played out in a similar way over time. Once the phases and thought process in each of them are recognized, it becomes easier to understand what is happening and investment decisions become clearer.

ICO is a way of raising funds for unregulated funds for various cryptocurrency ventures. This is something that startups use to circumvent the regulated and rigorous capital raising process required by banks and venture capitalists. In such a campaign, a certain percentage of cryptocurrency is sold very early to those who support a project for other cryptocurrencies or legal tender.

How it’s done

When a firm wants to raise money using an initial coin offer, there must be a plan on white paper outlining the details of the project. It should describe what it is about, what the project needs, what it aims to accomplish. It should also state the money that will be needed to undertake the whole endeavor and how much the pioneers will get to keep.

The plan must also state the type of currency that has been accepted and how long it intends to run the campaign. During such a campaign, supporters and enthusiasts of the initiative will buy cryptocurrencies using virtual currency or fiat. Coins are called tokens and are very similar to shares of companies sold to investors during an IPO. If the minimum required funds are not reached, then the money is returned and the entire ICO is then considered a failure. Once the requirements are met within the given time frame, cash can be used to start the scheme or even complete it if it is still advanced.

Investors who participate in the project early are mostly motivated to buy crypto coins hoping that the plan will be successful and that they will get more value from it after launch. There have been very successful projects of this kind in different economies and this is one of the main things that motivates investors.

Similarities

ICOs can be compared to crowdfunding and IPOs. Just as with an IPO, the stake must be sold by startup companies in order to raise funds to help the business of such a company. The only difference is the fact that IPOs deal with investors, while ICOs work closely with supporters who are very interested in new projects, just like a set of financing.

However, ICOs differ from crowdfunds in that those who support ICOs are usually motivated by the fact that they can get a large return on investment. Funds raised through crowdfunding are basically donations. For this reason, ICOS is called mass sales.

So far, there have been many successful transactions. ICOs are an innovative tool within our digital age. However, it is important that investors take precautions as there are some campaigns that can become bogus. This is due to the fact that they are very unregulated. The financial authorities do not participate in that, and if you lose funds through such initiatives, it is difficult to follow up to get compensation.

In this sense, there are some regions that do not allow the use of ICOs at all. It is important to buy such currency only from reliable sources to be sure.

Well, it was a crazy 10 years for Bitcoin. In fact, it has been more than 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever he, she or they were, they had a profound impact on the world. They no doubt foresaw this which is why they decided to disappear from the spotlight.

So, more than a decade later, Bitcoin is still alive and stronger than ever. Thousands of other crypto coins have emerged since everyone tried to emulate the king of cryptocurrencies. They have all failed and will continue to fail. Bitcoin is one type. Something that cannot be replicated. If you don’t know why, let me explain.

If you don’t know what Bitcoin is, I’ll just give you a few brief key points:

• Bitcoin is an online cryptocurrency

• It has a maximum bid of 21 million

• It cannot be forged

• Not all coins are still in circulation

• It is completely decentralized, without anyone controlling it

• It cannot be censored

• It’s Peer to Peer money

• Anyone can use it

• Bitcoin has a fixed offer that decreases every 4 years

What makes Bitcoin different?

So how does Bitcoin differ from all the thousands of other coins that have been invented since then?

When Bitcoin was first invented, it began to spread slowly among a small group of people. She grew organically. When people began to see the benefits of Bitcoin and how the price would rise due to its fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of thousands of computers around the world. It has spread beyond the control of any government. Its creator has disappeared and now works autonomously.

Developers can upgrade and improve the Bitcoin network, but my consensus is that this must be done throughout the Bitcoin network. No person can control Bitcoin. This is what makes Bitcoin unique and impossible to replicate.

There are thousands of other cryptocurrencies available now, but as an example of how Bitcoin differs, I will use Ethereum as an example. It is currently one of the largest Alt coins and has existed since it was invented in 2015 by Vitalik Buterin.

Vitalik controls the Ethereum blockchain and basically has the final say on every development that happens on Ethereum.

Censorship and government interference

For this example, imagine Iran sending billions of dollars to North Korea to fund their new nuclear weapons program. This is not a good situation, but it should show you how your money is more secure in Bitcoin!

Anyway .. first example. Iran uses a standard banking system and transfers this money to North Korea in USD. The US government says wait a minute, we need to freeze these transactions and seize the money. Take it easy. They do it right away and the problem is over.

Another example. The same thing is repeated, but this time Iran is using the Ethereum blockchain to send money to North Korea. The US government sees what is happening. A phone call was made.

“Bring Vitalik Buterin here NOW”

The US government is “putting some pressure” on Vitalik and they are forcing him to return the blockchain and cancel Iranian transactions. (The Ethereum blockchain was actually returned before the hacker stole a significant amount of funds).

Problem solved. Unfortunately, Ethererum’s credibility would be destroyed along with its price.

Ethereum is just an example, but it is valid for every other cryptocurrency.

Bitcoin cannot be stopped

So the same thing happens again. This time Iran is using Bitcoin as its method of payment. The US government sees that and is unable to stop it.

There is no one to call. There is no one to put pressure on. Bitcoin is out of censorship.

Every other cryptocurrency is created by someone or some company and that will always be a point of failure. They are still centralized.

Another example would be that Vitalik’s family was abducted as a hostage. Bitcoin is beyond all of this and is therefore the safest investment on the planet.

Learn how to use Bitcoin

Everyone should own bitcoin. However, it is not dangerous without it. If you are new to Bitcoin, you should learn as much as you can before investing money. Owning Bitcoin comes with a lot of responsibility. Learn how to use Bitcoin safely.

With a value increase of 35,000% in 2017 and a market capitalization of over $ 118 billion, Ripple has become a topic of much debate among analysts and investors. But what is Ripple? Is it like other cryptocurrencies? Why has it been burning lately? Keep reading to get answers to these questions.

1. What is Ripple?

Ripple is a payment solutions company founded by Chris Larsen and Jed McCaleb. Their Ripple Transaction Protocol (RTXP) contains the cryptocurrency XRP. Ripple claims to offer faster, more reliable and affordable transaction solutions for financial institutions. The company has created 100 billion XRPs and currently holds 61% of the coins. The current plan is to issue a billion coins a month.

2. Differences between Ripple and Bitcoin

Both Bitcoin and Ripple are cryptocurrencies that use blockchain technology. But there is a fundamental difference between the two: unlike Bitcoin, Ripple cannot be mined. The currency is not set as a minable currency, and its use is fixed on the Ripple network.

Both Bitcoin and Ripple use validation nodes to validate books. Bitcoin has about 10,000 trusted nodes, while Ripple has only five. However, the company plans to add 11 more in the next 18 months. Five validation nodes are controlled by Ripple. XRP has been criticized for the lack of independent trusted validators. XRP Ledger is available to everyone, so anyone can download it and become a validator. Many companies run their own nodes on the Ripple network.

3. Reasons for the recent increase in Ripple prices

The recent increase in the price of XRP has a lot to do with the expected use of currency by financial institutions and the investment of issuing investors. Ripple has been successful in gaining banks as customers for its other products. Ripple’s xCurrent is preferred by financial institutions because it offers real-time communication and quick fixes, thus reducing delays in banking transactions. The company plans to introduce a new product, xRapid, which includes XRP. They see the new product as an opportunity to get banks to use XRP. Investors see the potential of currency as a financial asset used by banks around the world.

Ripple, more precisely XRP, is a rising cryptocurrency. It differs from the leading digital currency Bitcoin because its supply is controlled by the founding company. Ripple is counting on the banks to adopt it in the future. It can be speculated that the recent increase in the value of Ripple will spur more debate about its viability as a cryptocurrency.

What is Bitcoin Black?

Bitcoin Black is basically a cryptocurrency of people, by people for people. It will be adopted for use as a peer 2 payment system that restores power to the people.

If we talk about Bitcoin, Bitcoin has failed in that, the real value comes from the actual use of ecosystems and the empowerment of people. Bitcoin transactions are slow and expensive, and it can be said that Bitcoin is somewhat centralized. Bitcoin takes over the power of people because it is heavily manipulated through cycles that discourage cryptocurrency participants in general.

People buy bitcoin to get rich, not to be included in the ecosystem. The one percent elite is taking advantage of bitcoin and creating discouragement, strategically increasing the price and attracting the entrance to the dream of wealth and throwing coins in their favor. In fear of adoption. Bitcoin is completely controlled, pumped and manipulated at will, for many different reasons.

Bitcoin Black is focused on solving these problems because the coin is a cryptocurrency with fair distribution, lowered to 1 million wallets before EMI, and all funds will go to community groups voted for by the community to move the project forward with a focus on fair distribution, mass adoption , usability, education, ease of access, simplicity and community.

The goal is to make it a real decentralized autonomous network that restores power to the people. He does not belong to a group, but he belongs to many branches of the community.

Coin distribution

Bitcoin Black aims to drop at at least 1 million wallets initially with no more than 0.5% of the stock owned by one founding member, making it a truly decentralized cryptocurrency.

The project has a pre-sale of 2.5% of the total offer, which is almost 900 million coins.

If we look at EMI, 7.2 billion EMI coins will be awarded to several community foundations to help the community move the project forward in the future.

Opposite means of manipulation (about 5%). The part used for the stability control fund to eliminate the possibility of early manipulation on a small scale and maintain the stability of the currency.

Finally, the reward for introducing the app will be 14.4 billion coins.

Introducing 30 million members while increasing the rate of new users. The method of bringing coins into every schoolyard / university / workplace and community.

Total Supply

The maximum supply is 36 billion coins.

Awards

Members helping to share Airdrop are demanding 3.6 billion coins.

An easy one-click social sharing platform. Share a social message that provides an introduction to encrypted video and an app download link that will allow your friends to download it. Currently, the platform is active and working well.

Innovation

The best innovation is free of charge transactions. You can send Bitcoin black to anyone for free. Transactions are instantaneous and you can send money as easily as a message.

Wallets are easily accessible and very easy to use.

Conclusion

Bitcoin Black has a fairly mass-distributed currency with a wide range of offerings so it will create less volatility with synchronized pumps and dumps and lead to a more stable price. Bitcoin black will be the next bitcoin. You can register for airdrop by clicking here. I wish someone had included me in Bitcoin airdrop back in 2008. Bitcoin Black will change lives and we want to say this to as many people as possible.

Over time, bitcoins have become a very well-known and popular form of currency. However, what exactly is Bitcoin? The following article will go through the in-s and outs of this currency that jumped out of nowhere and spread like wildfire. How is it different from normal currencies?

Bitcoin is a digital currency, it is not printed and never will be. They are kept electronic and no one has control over them. They were produced by people and companies, creating the first form of money known as cryptocurrency. While normal currencies are seen in the real world, Bitcoin passes through billions of computers around the world. From Bitcoin in the United States to Bitcoin in India, it has become a global currency. However, the biggest difference it has from other currencies is that it is decentralized. This means that no particular company or bank owns it.

Who created it?

Satoshi Nakamoto, a software developer, proposed and created Bitcoin. He saw it as a chance to have a new currency in the market without central government.

Who prints it?

As mentioned earlier, the simple answer is no one. Bitcoin is not a printed currency, it is a digital currency. You can even make transactions online using Bitcoin. So you can’t produce unlimited Bitcoins? Absolutely not, Bitcoin is designed to never “mine” more than 21 million Bitcoins in the world at once. Although they can be divided into smaller quantities. The hundred millionth part of Bitcoin is called “Satoshi”, after its creator.

What is Bitcoin based on?

For appearance and conventional use, Bitcoin is based on gold and silver. However, it is true that Bitcoin is actually based on pure mathematics. He also has nothing to hide because he is open source. So everyone can look at it to see if it works the way they claim.

What are the characteristics of Bitcoin?

1. As mentioned earlier, it is decentralized. It is not owned by any particular company or bank. Every software that Bitcoin miners makes a network and they work together. The theory was, and it worked, that if one network broke down, money would still flow.

2. Easy to install. You can set up a Bitcoin account in seconds, unlike big banks.

3. It is anonymous, at least in part, that your Bitcoin addresses are not associated with any type of personal information.

4. It is completely transparent, all transactions using Bitcoin are shown on a large chart, known as a blockchain, but no one knows that it is you because no name is associated with it.

5. Fees for transactions are small, and compared to bank fees, the rare and small fees charged for Bitcoin are almost non-existent. It’s fast, very fast. Wherever you send money, it will usually arrive in a few minutes after processing. It is undeniable, which means that once you submit your Bitcoins, they will disappear forever.

Bitcoin has greatly changed the world and the way we see money. Many people are wondering if it is possible to make a living from bitcoin. Some have even tried to do so. Despite that, Bitcoin is now part of our economy, a unique type of currency, and will not disappear soon.

The cryptocurrency trading software package is an integrated system for managing all aspects of the cryptocurrency trading platform such as all types of buying, selling, cryptocurrency exchange, lending, MLM and affiliate management, conversion, live market comparison and analysis, etc.

Important features you should consider:

Buy, Sell and Exchange: Nishue is an impressive trading management system that offers a smooth and secure methodology for your customers to effortlessly buy, sell and exchange cryptocurrencies.

Lending system management: This system is completely suitable for brokers and has a system for managing crypto lending services, such as creating bid management, maintenance and moderation, etc.

Unique administration module: Nishue contains a secure and advanced administration module to control your cryptocurrency exchange from end to end.

Separate user profile: A separate user profile module that helps your users easily track and check all open deposit or withdrawal orders, records, transactions, etc. just one click.

MLM and Affiliate Management: These marketing-ready automation tools make it easy to manage commissions for partners at your level, contribution history and documents.

Market Comparison and Converter: Two additional systems are integrated for live crypto comparison, conversion and in-depth analysis.

How cryptocurrency trading software helps develop your crypto platform:

Coin Deposit and Withdrawal: A crypto merchant must maintain a huge deposit and withdrawal requirement on a daily basis. Trade software helps manage your activities with its automatically set algorithm.

Coin package and loan offer: Keep different coin packages and loan offer at your client’s fingertips. You can create, manage and advertise your offer using a well-designed package.

Level Commission: If you follow an MLM strategy to reward your participants and make sure you set their commission? Okay, he’s ready to automatically calculate the commission by level.

Notification and risk management: Every crypto trading platform must arrange a push notification system to inform itself and its client about many alarming problems and thus eliminate the risk. In this case, the system design is completely perfect.

Multiple Payment Gateway: You can integrate your cryptocurrency wallet, local currency, Payeer Event Mobile Banking system as a payment method within this software to make your transaction smooth.

Daily, weekly and monthly ROI: Do you take care of maintaining the ROI as you said. This cryptocurrency trading management software can automatically calculate ROI, commission and more according to your instructions.

Free Responsive Website: Must have a fully responsive, SEO optimized dynamic website integrated into our system and is completely free. This will help you run your business smoothly.

Crypto comparison, conversion and in-depth analysis: live crypto market capitalization and a two-coin add-on system integrated for live crypto comparison, conversion and depth analysis

100% secured system: Trading software is designed after keeping in mind a very security issue. This cryptocurrency trading software uses a secure Integer framework, two-factor authentication, and many other security systems.

An absolute package exclusively for spot cryptocurrency trading that allows users to trade Bitcoin, Bitcoin Cash, Ethereum and Litecoin via Coinbase. Built on the same technology that drives Nishue software, it includes proven market-leading tools developed over 25 years to give professional and active cryptocurrency traders a better experience than what other cryptocurrency-only trading solutions currently offer.

The risks of Bitcoin that investors need to be aware of

Risk one – bitcoin volatility

Everyone knows how variable bitcoin is and those who invest in this will see that the value of this cryptocurrency varies dramatically. Unless you can handle the ups and downs of bitcoin, investing in bitcoin is not for you. Little can be gained if the loss of your capital will cause you to lose sleep. I cannot stress enough the importance of using your discretionary spending money to play in the cryptocurrency market.

What is discretionary spending?

It is money spent on travel, food, entertainment, hobbies and sports.

You would never spend money on rent or money you set aside for your retirement on entertainment such as going out to races, so you shouldn’t use that money to play in the cryptocurrency market either.

Risk Two-Hacking

The company called “Cryptopia”, which was an online platform for bitcoin trading, kept the funds invested in Bitcoin. It was hacked and all those with bitcoin invested with cryptocurrency lost their money. There have been sad stories about the large amount of money that some individuals have lost.

It must be repeated that you should never play money with cryptocurrencies with funds that you cannot afford to lose or put too many eggs in one basket, as many of these investors seem to have done.

Another thing I have to add is that the actual amount of money lost by cryptocurrency investors is likely to be very inflated due to the rising price of bitcoin. If someone invested $ 1,000 in bitcoin and this increased to $ 10,000 in a few years just to lose the lot. It will remain in the records that this person lost 10,000, while in fact she lost only 1k.

Risk of Three-Lost Passwords

An Australian man does not have access to his bitcoin wallet because he cannot even remember his password. The website where he has his bitcoin will permanently lock his wallet if he has made ten failed login attempts. He made eight. He has over 300,000 in his bitcoin wallet.

The lesson here is to write down your password and keep it locked in a safe place.

Another tip is to diversify your portfolio so that if something goes horribly wrong, you don’t lose too much in one hit.

Risk of four state controls

Governments have the option of banning cryptocurrency trading; China has done just that. Several agencies in China have joined forces to ban what they describe as “illegal” cryptocurrency activities. This does not mean that other countries will follow their example, but it only illustrates the point that governments have the power to do so.

Risk Five-Taxation

Two things in life are safe, death and taxes. You can be sure that the taxpayer will want a piece of your bitcoin pie at some point. Whether it’s a capital gains tax or an increase in the value of bitcoin. It should be borne in mind that if you are taxed on the capital gain of your bitcoin then it is possible to claim a tax refund on all capital losses. A good accountant will be able to advise you here.

Whatever form of capital gain you invest in, you should always keep in mind that when there is an opportunity for capital gain, there is also the possibility of losing capital. Investing in cryptocurrencies is risky, so it cannot be stressed enough that the money you invest in bitcoin must be money you can afford to lose.

In recent years, cryptocurrency has been a hot topic around the world. Most people are now familiar with cryptocurrencies, especially Bitcoin. In fact, Bitcoin is at the top of the list of cryptocurrencies. If you have no idea why cryptocurrency is growing in popularity around the world, you are on the right page. In this article, we will discuss 5 reasons why this new type of currency is so popular. Read on to find out more.

1. Low transaction fees

The low transaction fee is one of the primary reasons why the value of cryptocurrencies has risen in recent years. No matter what type of conventional payment method you use, you will have to pay a large transaction fee.

On the other hand, if you opt for cryptocurrency for payment, you will have to pay minimum transaction fees. It therefore makes sense to use this new form of currency to pay online for the desired products and services.

2. No government regulations

Another strong reason why many people trust cryptocurrencies is that they are not regulated by any government. Thus, the value of the currency remains stable regardless of the government of a particular country.

Also, some investors want to protect their wealth, which is why they invest in cryptocurrencies. In other words, cryptocurrencies are much more secure than conventional currencies, which makes them quite attractive here and now.

3. Great profit potential

Another great reason why cryptocurrencies are an ideal choice is that they offer great potential for profit. If you buy Bitcoin when prices are low, you can make a big profit the moment the value of Bitcoin rises again.

Investors have made a lot of money over the past few years. So, the potential exists if you are interested in investing money in the desired cryptocurrency.

4. Easier to use

Over time, it has become easier to use cryptocurrency. The reason is that many online companies are starting to accept payments through this type of currency. In the near future, almost every company will accept payments through popular cryptocurrencies.

As more people start using cryptocurrency around the world, it will be even easier to buy currency and make their payments online.

5. General security

Your money and identity are of the utmost importance. Today, cyber security is one of the biggest problems you can face. Thus, using cryptocurrency to pay online is much more secure than conventional payment methods.

So, if you are worried about paying online, we suggest you try cryptocurrency. In other words, security is another big reason why people use cryptocurrencies.

In short, here are 5 reasons why cryptocurrency is so popular around the world. All you need to do is make sure you opt for one of the best cryptocurrencies. It is not a good idea to put your hard-earned money into a currency that has no potential for growth.