6 Benefits of Investing in Cryptocurrencies

What is Bitcoin?

If you’ve been here, you’ve heard of Bitcoin. It has been one of the most popular headlines over the past year – like a rapid enrichment scheme, the end of finance, the birth of a truly international currency, the end of the world, or an advanced technology. the world. What is Bitcoin?

In short, you can say that Bitcoin was the first decentralized monetary system used for online transactions, but it will probably be useful to dig a little deeper.

In general, we all know what “money” is and why it is used. The most important issue we have witnessed in the use of money before Bitcoin is its management by a centralized and unified institution – the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator known as Satoshi Nakamoto to monetize global decentralization. The idea is that currency can be bought internationally without any hassle or commission, checks and balances will be distributed around the world (not just in the books of private corporations or governments), and money will be more democratic and more democratic. equally accessible to all.

How did Bitcoin get started?

The concept of Bitcoin and cryptocurrency in general was developed in 2009 by an unknown researcher Satoshi. The reason for his invention was to solve the problem of centralization in the use of money based on banks and computers, which many computer scientists were not satisfied with. Achieving decentralization has failed since the late 1990s, so when Satoshi published an article in 2008 offering a solution, it was greeted very positively. Today, Bitcoin has become a familiar currency for Internet users and has led to the creation of thousands of altcoins (non-Bitcoin cryptocurrencies).

How is Bitcoin made?

Bitcoin is developed through a process called mining. Just as paper money is made by printing and gold is extracted from the earth, Bitcoin is created by “mining.” Mining involves solving complex mathematical problems related to blocks using computers and adding them to a public book. When it started, a simple CPU (as in your home computer) was all you needed to mine, but the difficulty level increased significantly and now you need special equipment, including a high-level Graphics Unit (GPU). Remove Bitcoin.

How can I invest?

First, you need to open an account with a trading platform and create a wallet; You can find some examples by searching for ‘Bitcoin trading platform’ on Google – they generally have “coin” or “market” names. After joining one of these platforms, you click on the assets, and then click on the cryptocurrency to select the currencies you want. Each platform has many indicators that are very important, and you should make sure you observe them before investing.

Just get it and keep it

While mining is the safest and, in a sense, the simplest way to earn Bitcoin, there is a lot of hustle and bustle, and the cost of electricity and special computer equipment makes it inaccessible to most of us. To avoid all this, make it easy for yourself, enter the amount you want directly from your bank and click “buy”, then sit back and watch your investment increase as the price changes. This is called an exchange and occurs in many transactions. Exchange platforms available today with the ability to trade between many different fiat currencies (USD, AUD, GBP, etc.) and different cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.).

Bitcoin trading

If you are familiar with stocks, bonds or Forex exchanges, you will easily understand crypto trading. There are e-social trading, FXTM markets.com and many other Bitcoin brokers to choose from. Platforms offer you Bitcoin-fiat or fiat-Bitcoin currency pairs, for example BTC-USD means Bitcoin trading for US dollars. Pay attention to price changes to find the perfect pair to match the price changes; The platforms offer pricing among other indicators to give you the right trading tips.

Like Bitcoin stocks

There are also organizations that allow you to buy shares in companies that invest in Bitcoin – these companies trade back and forth, and you simply invest in them and wait for your monthly profits. These companies simply combine the digital money of different investors and invest on their behalf.

Why invest in Bitcoin?

As you can see, investing in Bitcoin, as explained above, requires some basic knowledge of the currency. As with all investments, this involves risk! Whether or not to invest is entirely up to the individual. However, if I were to advise, I would advise investing in Bitcoin that Bitcoin continues to grow – although there is a period of significant boom and bankruptcy, it is highly likely that cryptocurrencies as a whole will continue to grow. value growth over the next 10 years. Bitcoin is the largest and most popular of all available cryptocurrencies, so it is a good place to start and is currently the safest bet. Although volatile in the short term, you will find that Bitcoin trading is more profitable than most other businesses.

A Harvard economist says bitcoin is likely to be worth more than $ 100,000 over the next decade.

Kenneth Rogoff, a professor and economist at Harvard University, said on Tuesday that the price of bitcoin is likely to fall to $ 100 more than the $ 100,000 digital currency trade a decade later.

Rogoff told CNBC: “I think if we set out ten years from now, it will be a small part of the current value of bitcoin … I would probably make $ 100 more than $ 100,000 ten years from now.” Squawk Box. “

A former chief economist at the International Monetary Fund (IMF) said, “If you take away the opportunity to launder money and evade taxes, its actual use as a tool will be minimal.”

Many illegal transactions have been linked to Bitcoin, the estimates of which vary in proportion to the use of digital currency used in illegal activities. According to Shone Anstein, co-founder and president of Blockchain Intelligence Group, the level of illegal transactions fell by 20 percent in 2016 and was “significantly lower” in 2017.

Rogoff said the government’s regulations would lower bitcoin prices, although it would take time to develop a global regulatory framework.

“It has to be a global arrangement. Even if the United States takes tough steps and China takes tough steps, even if Japan doesn’t, people will still be able to launder money through Japan,” he said.

According to the industrial site CoinDesk, bitcoin was sold at around $ 11,242.61 during trading in Asia on Tuesday morning. The price of the digital currency has fallen this year from a record of more than $ 19,000 in December last year.

According to Rogoffa, the authorities are passive in regulating bitcoin because of the expectation of the technology behind the digital currency.

“They want to see the progress of technology,” Rogoff said, adding that the private sector has historically “designed everything” in the history of currency, from standard coins to paper money.

Bitcoin is an important growth area as an application of blockchain technology that allows transactions to be stored and recorded.

However, in the past there have been claims that bitcoin has become cheaper. Before bitcoin was sold in December last year, Rogoff said digital currency estimates would “collapse” in October last year amid attempts by governments to regulate space.

Investing in the cryptocurrency market can be a little daunting for a traditional investor, as investing directly in Cryptocurrency (CC) requires the use of new tools and the adoption of some new concepts. So, if you decide to dip your toes in this market, you will want to have a very good idea of ​​what to do and what to expect.

Buying and selling CCs requires you to choose an Exchange that deals with the products you want to buy and sell, be it Bitcoin, Litecoin, or any of the more than 1,300 other symbols in the game. In previous publications, we have briefly described the products and services available in several exchanges to give you an idea of ​​the different offers. There are many exchanges to choose from, and they all do everything in order. Look for things that are important to you, such as:

– Deposit policy, methods and costs of each method

– Withdrawal policy and costs

– What fiat currencies are used to make deposits and withdrawals

– The products they are engaged in, such as cryptocurrencies, gold, silver, etc.

– Operating expenses

– Where is this Exchange located? (USA / UK / South Korea / Japan …)

Be prepared for the Exchange setup procedure to be detailed and lengthy, as Exchanges want to know a lot about you. It’s like opening a new bank account, because stock exchanges are brokers of valuables and they want to make sure that you are the person you are talking about and that you are a reliable person to deal with. It seems that “trust” is gained over time, because stock exchanges usually allow you to start with only small investment amounts.

Your exchange will store your CCs for you. Many suggest a “cold storage”, which simply means keeping it “offline” until you say you want to do something with your coins. There are several reports of stock market crashes and the theft of many coins. Imagine that your coins are in something like a bank account on the Exchange, but remember that coins are only digital and all blockchain transactions are non-refundable. Unlike your bank, these exchanges do not have deposit insurance, so remember that hackers are always trying to do their best to take your cryptocurrencies and steal them. Exchanges generally offer password-protected accounts, and many offer two-factor authorization schemes – something you need to think seriously about to protect your account from hackers.

Given that hackers love to hunt stocks and your account, we always recommend using a digital wallet for your coins. It is relatively easy to transfer coins between your Exchange account and your wallet. Make sure you choose a wallet that handles all the coins you want to buy and sell. Your wallet is also a device that you use to “spend” your money with merchants who accept CCs for payment. There are two types of wallets: “hot” and “cold”. Hot wallets are very easy to use, but they leave your money open on the Internet, but not on the Exchange server, but only on your computer. Cold purses use offline storage devices such as special hardware memory sticks and simple printed documents. Using a cold wallet makes operations more complicated, but they are the safest.

Your wallet has a “private” key that allows all the transactions you want to start. You also have a “public” key shared on the network so that all users can identify your account when they transact with you. Hackers can move your coins wherever they want when they get your private key, and this is irreversible.

Despite all the challenges and wild variability, we are confident that core blockchain technology is a game changer and will revolutionize how transactions are conducted in the future.

To better understand this digital currency, take a look at the Bitcoin price index from July 2012 to September 2020 –

Users who buy and sell Bitcoin have used many applications for Android, which are also used to store Bitcoins. There are several apps available and you can download the best bitcoin app from Google or the Google play store.

As the price of bitcoin in India continues to rise and fall, Bitcoin will either remain at its current price or fall. In addition, Bitcoin extraction is above all, and there are several applications for Bitcoin extraction for smartphones. If you are not interested in mining, you can buy Bitcoin in India using a Bitcoin exchange like WazirX.

Is it possible to withdraw bitcoins using mobile?

Yes, Bitcoin mobile mining is possible; but there are several reasons not to continue. In addition, there are several cryptocurrencies that do not require proof of their working mechanisms, they can be removed on a smartphone at an early stage.

As we know, today’s smartphones are very powerful and can be used for cryptocurrency mining. However, if we compare the tools that miners use for Bitcoin mining, they are so powerful and sophisticated that mining on smartphones means that they are less attractive in terms of rewards.

The user can mine Bitcoins on a smaller scale on a smartphone, or the user can connect to a mobile mining or mining pool. When the network’s miners share their rewards, you will receive a small percentage based on your computing power.

How can you use smartphones?

As it is a mining friendly OS for mobile devices, you can use your smartphone for Bitcoin mobile mining using Android. As the BTC exchange rate in India changes, the market is developing more applications for Android, which allows you to extract bitcoins directly from your smartphone. These apps are not available in the Google Play Store.

Applications that can be used for mining Bitcoins through a smartphone

If you are still stable in bitcoin mining via mobile phone, the only requirement is that you need a mining program and a battery charger for standby mode. Below are some applications that can be used to withdraw Bitcoin via smartphones.

MinerGate

This is a mobile miner program that helps you generate Bitcoins and Altcoins. Some of them include Dash and other subcoins. In addition, MinerGate offers the best internal wallet where you can store your bitcoins and other cryptocurrencies.

Bitcoin Miner

This is one of the most popular apps currently available on most devices. It offers a user-friendly interface and you will find good reviews of its performance. The Bitcoin miner program supports several subcoins.

AA Miner

The program supports several cryptocurrencies, including Bitcoin, Litecoin, Dash, DigitalNote and more. This application is mainly used for extracting cryptocurrencies for Android.

Recent Thoughts

Although mobile mining does not offer more rewards, it is not a complicated process. The only requirement is that you need a smartphone and download the best mining software. The app runs in the background when you use your smartphone; and these applications interfere with the operation of your smartphone. In short, smartphone production is one of the simplest ways to make some money, but it’s not like using special equipment through computers.

Banking as we know, since the first currencies were minted – perhaps before that, existed in one form or another. Currency, especially coins, went out of tax. In the early days of the ancient empires, it might have been appropriate to impose an annual tax on a pig, but as empires expanded, this type of payment became less desirable.

However, since the Covid situation, we have moved not only to a “cashless” society (as if trying to manage potential “dirty money” in the store), and transaction levels with a “contactless” credit card have now risen to the pound sterling. 45 and small transactions, which are now accepted as daily newspapers or milk bottles, are paid by such a card.

Did you know that there are more than 5,000 cryptocurrencies already in use, and of these, Bitcoin has the highest features on this list? Bitcoin, in particular, has a very volatile trading history since it was first created in 2009. This digital cryptocurrency has seen a lot of activity in its fairly short lifespan. Bitcoins were initially sold at no cost. The first real price increase occurred in July 2010, when the valuation of a Bitcoin went from about $ 0.0008 to $ 10,000 or more per coin. The currency has seen some major rallies and collapses since then. However, with the introduction of “Fixed” coins – US Dollars or even Gold-backed coins, this cryptocurrency volatility can now be controlled.

But before exploring this new form of Crypto-based E-Commerce as a way to control and use our assets, including our FIAT currencies, let’s first look at how banks have changed over the past 50 years.

Who remembers the good old Check Book? Before the advent of Bank Debit Cards in 1987, checks were the main way to transfer assets with others in commercial transactions. Then with Bank Debit Cards, along with ATMs, it became faster to acquire FIAT assets and for online trading operations.

The problem that always exists in banks is that most of us need at least 2 personal bank accounts (Current Account and Savings Account) and one for each business we have. Also, trying to “quickly” transfer money from your bank account to say an appointment abroad was something like SWIFT!

Another issue was the cost. Not only did we have to pay a regular service fee for each Bank Account, but we also had a high commission fee that we had to pay for each transaction, and of course we would rarely receive valuable interest on our Current Bank. Account.

On top of all this, Overnight With trading using expert financial traders (or later Artificial Intelligence (AI) Trading Systems) every night, all of OUR assets will be traded and with a scale economy, Banks became a Big Winner on our assets – but we didn’t! Take a look at potential businesses that can be developed from GECE Trading.

So, to summarize, Banks not only charge high fees for the storage and transportation of our assets using smart Trading Techniques, but also make a lot of money from buying and selling our money in a nightclub where we don’t see any benefit. .

Another point is that you entrust all your assets to your Bank?

What can be said about the recent labeling of the Bank of Scotland, the National Bank of Scotland, which now owes money to Lloyds Banking Group, in a September press release?Lloyds Bank Active Scams – The Most Serious Financial Scandal of Our Time. “

Why not put that website on Google and then create your own opinion?

So now let’s take a look at how a crypto-based e-commerce system should work and how the benefits that Banks gain with OUR money can become a major source of profit for Active Owners – the United States!

At 10 p.m.ⁱⁿ In October 2020, a large new crypto-based e-commerce company will be launched – FREEBAY.

In short, Switzerland-based FreeBay is a company with its own SAFE Crypto Coin (based on V999 technology) that incorporates its Blockchain technology and allows its members to transfer FIAT assets to Golden Bull, eliminating the need to engage any BANK. .

V999: digital gold enhanced by blockchain; digital symbol supported by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one-tenth of a gram of fine gold bullion stored in warehouses. If you own a V999, you have the main physical gold in custody. In addition, FreeBay members can purchase packages containing powerful Automatic Intelligence Based Trading Robots.

So now you can not only achieve full independence from the standard BANK, but also trade your digital Gold assets in the form of V999 Crypto tokens on OVERNIGHT systems, such as Banks. only now you, the active owner, receive the rewards, not the Banks.

But there is another big advantage in V999 Token trading. As you will General is the owner of the token, so, like Banks, the V999 token is charged a transaction fee each time it is traded (ie sold), for example, to buy Bitcoin or any other cryptocurrency. Each time a transaction occurs, the common owner of the V999 token receives a small percentage of this Commission.

Note that after the trade takes place and the V999 Token is sold, for example, in exchange for Bitcoin or any other Cryptocurrency, a small percentage of the transaction fee is paid to the buyer. TOTAL OWNER of that mark (i.e. YOU). Because Freebay’s goal is to make the V999 Token one of the most sought-after secure crypto coins, and even after your Token is sold to another Trader, you can still use it. Common owner of V999 TokenWhen this Token is sold by any other Trader, this is you – the General Owner of that Token who receives payment from the Trade Commission.

It just can’t create great Passive income for you, a lifetime, but a will for your offspring – and it’s not an ordinary bank involved anywhere.

So, the more V999 Tokens you buy and put into circulation, the bigger and better your Residual Income – not only for the rest of your life, but probably for your patrons – can become a reality.

Interested enough to learn more? Then click here.

As expected, we received a lot of questions from readers after the publication of Crypto TREND. In this issue, we will answer one of the most common.

What changes are coming in the cryptocurrency sector that could be game changers?

One of the biggest changes that will affect the world of cryptocurrency is the alternative block verification method called Proof of Stake (PoS). We will try to keep this explanation high enough, but it is important to have a conceptual understanding of what the difference is and why it is an important factor.

Keep in mind that the core technology with digital currencies is called blockchain, and most existing digital currencies use a validation protocol called Proof of Work (PoW).

You must rely on a third party, such as Visa, Interact, or a bank or check clearing house, to perform your transaction with traditional payment methods. These trusted entities are “centralized”, meaning they keep personal accounts that keep track of each account’s transaction history and balance. They will show you the transactions and you have to agree that it is right or start arguing. Only the parties to the operation see this.

With most Bitcoin and other digital currencies, books are “decentralized,” meaning that everyone on the network gets a copy, so no one should trust a third party, such as a bank, because anyone can check the information directly. This verification process is called “distributed consensus”.

PoW requires “work” to confirm a new operation to access the blockchain. With cryptocurrencies, this check is performed by “miners” who have to solve complex algorithmic problems. As algorithmic issues become more complex, these “miners” first and foremost need more expensive and powerful computers to solve problems. Mining computers often specialize, usually using ASIC chips (Application Specific Integrated Circuits) that are more efficient and faster at solving these difficult puzzles.

Here is the process:

• Transactions are collected in a “block”.
• The miners confirm the legitimacy of transactions within each block by solving a riddle of a hashing algorithm known as “proof of work problem”.
• The first miner to solve the bloc’s “proof of work problem” is rewarded with a small amount of cryptocurrency.
• Once approved, transactions are stored in a public blockchain throughout the network.
• As the number of operations and miners increases, so does the difficulty of solving hashing problems.

While PoW helps get blockchain and decentralized, unreliable digital currencies off the ground, it has some drawbacks, especially with the amount of electricity these miners are trying to solve as soon as “proof of work problems.” According to Digiconomist’s Bitcoin Energy Consumption Index, Bitcoin miners use more energy than 159 countries, including Ireland. As the price of each bitcoin rises, more and more miners are trying to solve problems by expending more energy.

All of this energy consumption has prompted many in the digital currency space to look for an alternative way to validate blocks just to validate transactions, and the leading candidate is a method called “Judicial Evidence” (PoS).

PoS is still an algorithm, and the goal is the same as in the case study, but the process of achieving the goal is completely different. There are no miners with PoS, instead we have “validators”. PoS is based on the knowledge that all people who validate trust and operations have skin in the game.

In this way, instead of using energy to solve PoW puzzles, a PoS validator is limited to confirming the percentage of transactions that reflect its ownership share. For example, a validator with 3% of the existing Ether can theoretically validate only 3% of the blocks.

Your chances of solving a proof of work problem in PoW depend on how much computing power you have. With PoS, it depends on how much cryptocurrency you have. The higher your stake, the higher your chances of solving the block. Instead of winning cryptocurrencies, the winner receives a confirmation transaction fee.

Appraisers enter their shares by “closing” part of the stock. If they try to do something harmful to the network, such as creating an “invalid block”, their share or security deposit will be confiscated. If they do their job and do not break the network, but do not gain the right to approve the block, they will get their shares or deposits back.

If you understand the main difference between PoW and PoS, here’s what you need to know. Only those who plan to become a miner or validator should understand all the intricacies of these two verification methods. The majority of the population wishing to own cryptocurrencies will receive them simply through an exchange and will not participate in the actual drilling or approval of block transactions.

Most in the crypto sector believe that digital tokens need to switch to the PoS model for digital currencies to survive in the long run. At the time of writing, Ethereum is the second largest digital currency after Bitcoin, and their development team has been working on a PoS algorithm called Casper for the past several years. Preferring Ethereum over all other major cryptocurrencies, we are expected to see the introduction of Casper in 2018.

As we have seen in the past, major events such as the successful introduction of Casper could significantly increase the price of Ethereum. We will notify you in future issues of Crypto TREND.

Stay with us!

This year, we can see that cryptocurrencies are moving up and down by as much as 15% on a daily basis. Such price changes are known as volatility. What if … this is completely normal and sudden changes are one of the features that allow cryptocurrencies to make good profits?

First of all, cryptocurrencies have become very popular recently, so all the news and rumors about them are “hot”. After every statement by government officials about regulating or banning the cryptocurrency market, we see large price movements.

Second, the nature of cryptocurrencies is more like a “storehouse of value” (as in the gold past) – many investors see them as a backup investment option in stocks, physical assets such as gold and fiat (traditional) currencies. The transfer rate also affects the volatility of the cryptocurrency. Transfers with the fastest ones take even a few seconds (up to a minute), which makes them an excellent asset for short-term trading, if there is currently no good trend for other types of assets.

One thing to keep in mind is that this speed is also in line with the life trends of cryptocurrencies. In ordinary markets, trends can last for months or even years – even for days or hours.

This takes us to the next point – even if we are talking about a market with hundreds of billions of dollars, it is still a very small amount compared to the traditional currency market or the daily trading volume of stocks. Therefore, a single investor trading 100 million shares on the stock exchange will not cause a big price change, but on a cryptocurrency market scale, this is an important and noticeable transaction.

Because cryptocurrencies are digital assets, they are subject to technical and software updates of cryptocurrency features or the expansion of blockchain partnerships that make it more attractive to potential investors (for example, activating SegWit doubles the value of Bitcoin).

The combination of these elements in the price of cryptocurrencies can take several hours, days, weeks, and so on. are the reasons why we observe such large price changes during

But answering the question from the first paragraph – one of the classic rules of trading is to buy cheap, sell expensive – so the presence of short but strong trends every day (instead of weak trends lasting weeks or months as in stocks) gives more chances. to get a decent income if used properly.

Introduction: Investing in cryptocurrencies

The first cryptocurrency to exist was based on Blockchain technology and was most likely Bitcoin, which was launched in 2009 by a mysterious person, Satoshi Nakamoto. At the time of writing, 17 million bitcoins have been produced, and a total of 21 million bitcoins are expected to be produced. Other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and Bitcoin Cash and Bitcoin Gold.

Users are advised not to invest all their money in one cryptocurrency and try not to invest in the top of the cryptocurrency bubble. At the peak of the cryptocurrency, the price suddenly fell. Because cryptocurrency is a decentralized cryptocurrency, users must invest the amount they can lose because there is no government control over the cryptocurrency.

Apple co-founder Steve Wozniak predicted that Bitcoin would be real gold and that it would dominate all currencies such as the USD, EUR, INR and ASD in the future and become a global currency in the coming years.

Why and why not invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to emerge, and since then more than 1,600 cryptocurrencies have been issued with some unique features for each coin.

Some of the reasons I’ve tried and wanted to share are that cryptocurrencies are created on a decentralized platform – so users don’t have to transfer a third-party cryptocurrency from one destination to another, as opposed to the fiat currency the user needs. A platform like Bank to transfer money from one account to another. The chances of breaking and stealing your cryptocurrencies are almost zero until you share a cryptocurrency based on very secure blockchain technology and share some of your critical information.

You should always avoid buying cryptocurrency at the high point of the cryptocurrency bubble. Many of us buy cryptocurrencies at the peak in the hope of making quick money and falling victim to bubble burglary and losing money. It is better for users to do a lot of research before investing. It is always good to put your money in more than one cryptocurrency instead of one, because several cryptocurrencies grow more, while other cryptocurrencies enter the red zone, some are in the middle.

Focus on cryptocurrencies

In 2014, Bitcoin accounted for 90% of the market, and the remaining cryptocurrencies accounted for the remaining 10%. In 2017, Bitcoin still dominated the cryptocurrency market, but its share fell sharply from 90% to 38%, and altcoins such as Litecoin, Ethereum, Ripple grew rapidly and captured a large part of the market.

Bitcoin still dominates the cryptocurrency market, but it’s not the only cryptocurrency you should consider when investing in a cryptocurrency. Here are some of the key cryptocurrencies you should consider:

Bitcoin

Litecoin

Fluctuation

Ethereum

Tron

Civic

Golem

Monero

Where and how to buy cryptocurrencies?

Although it was not easy to buy cryptocurrency a few years ago, now there are many existing platforms for users.

In 2015, India has two major bitcoin platforms, Unocoin Wallet and Zebpay Wallet, where users can only buy and sell bitcoin. Users should buy bitcoin only from their wallets, not from anyone else. There was a price difference in the buying and selling rate, and users had to pay a certain nominal fee to complete their transactions.

In 2017, the cryptocurrency industry grew rapidly and the price of Bitcoin rose spontaneously, especially in the last six months of 2017, forcing users to look for Bitcoin alternatives and surpassing the 14 mark in the Indian market.

Unodax and Zebpay are the two main platforms that dominate the market in India with 90% of the market share – it only deals with Bitcoin. This gives other organizations a chance to grow with other subcoins and even forced Unocoin and others to add more currency to their platforms.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies in addition to Bitcoin trading on Unocoin. The difference between the two platforms was that Unocion only provided instant buying and selling of bitcoin, while at UnoDAX users can place an order for any available cryptocurrency, and if it matches the buyer, the order will be fulfilled.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users must open an account on any exchange by registering with their email ID and providing KYC details. After checking their account, anyone can start trading the coins of their choice.

Users should research well before investing in any coin and not fall into the cryptocurrency trap. Users should explore exchange reliability, transparency, security features, and more.

All exchanges charge a nominal fee for each transaction. There are two types of payment – Maker fee and Taker fee. If you want to transfer your cryptocurrencies to another exchange or to your personal wallet, you must pay a transfer fee in addition to the transaction fee. Since the difference for the transfer of coins on different exchanges is the price module, the payments depend only on the coins and the exchange.

Basic subcoins other than bitcoin

As mentioned above, Bitcoin dominates the market with a market share of 38%, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges such as UnoDAX, Bitfinex, Kraken, Bitstamp list many other coins such as Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and more. If any of the coins fit your portfolio, you should buy it.

But because the cryptocurrency market is so volatile and no government controls it, you have to put the money you can lose on the market.

When to buy?

There are no hard and fast rules for when to buy your favorite cryptocurrency. But market stability needs to be explored. You should not do it at the top of the cryptocurrency bubble or when the price is constantly falling. It is always considered the best time when the price is relatively stable at a low level for a while.

How to store cryptocurrencies

Before buying any cryptocurrency, you need to understand how to keep your cryptocurrency safe.

In general, all exchanges provide a storage facility where you can keep your coins safe. You should not share user information, password, 2FA when storing cryptocurrency on exchanges.

Paper wallets, hardware wallets, and software wallets are some of the channels that can store cryptocurrencies.

Paper wallet: Paper wallet is an offline cold storage method to store your cryptocurrency. It prints your private and public key on a piece of paper on which the QR code is printed. All you need to do is scan the QR code for future transactions. Why is it safe? No need to worry about your account being hacked or attacked by any malware. You just need to keep your piece of paper safe in the closet and, if possible, keep two or three paper purses under your full control.

Hardware Wallet: A hardware wallet is a physical device that keeps cryptocurrency safe. There are many forms of hardware wallet, but the most commonly used hardware wallet is USB. When you keep your cryptocurrency in your hardware wallet, you just need to keep in mind that you should not lose your hardware wallet, because you will not be able to get your cryptocurrency back after it is lost.

A popular incident is when a person takes out 7000+ bitcoins and stores them in a hardware wallet and stores it in another hardware wallet. One day, he threw away the hardware wallet where he kept the cryptocurrency instead of the damaged equipment and lost all his bitcoin.

What can you buy from cryptocurrencies in India?

Most people think that buying and selling any cryptocurrency is only an investment and a high return in the long and short term. Influencers and bitcoin investors believe that in the coming years, Bitcoin will dominate all fiat currencies and be accepted as an international currency.

Dell is one of the largest e-commerce businesses that accepts bitcoin as a payment. Expedia and UNICEF are other examples.

In India, Sapna Book Mall used the Unocoin merchant service to accept bitcoin as payment. People booked movie tickets through BookMyShow or recharged their mobile phones using the Unocoin platform. According to the report, they have stopped the service, but plan to resume work in the near future.

Result:

Cryptocurrency is one of the growing investment sectors, and in the past, real estate, gold, stock markets, etc. gave a nice income compared to. You can buy cryptocurrency and save it for a long time to make a good profit, or you can go for a short time to make a quick profit, because in the past we have seen a 1000% + increase in many coins. Because cryptocurrency is a volatile market and the government has no control over the industry. One has to invest in any cryptocurrency that one can lose.

If you do not want to keep your cryptocurrency on the stock exchange, you can keep your cryptocurrency in a hardware wallet, paper wallet, software wallet.

Although there will be market corrections in the cryptocurrency market in 2018, everyone agrees that the best is yet to come. There are many activities in the market that change the flow for the better. Anyone who invests in the cryptocurrency market with the right analysis and the right dose of optimism can earn millions from it. The cryptocurrency market is here to stay for the long term. In this article, we present you five positive factors that can boost future innovations and market value in cryptocurrencies.

1. Innovation in measurement

Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it is not without problems. Its main bottleneck is its ability to handle six to seven operations per second. For comparison, credit card transactions average a few thousand per second. As can be seen, there are opportunities to improve the scale of operations. On top of blockchain technology, it is possible to increase the volume of transactions per second with the help of peer to peer operating networks.

2. Legal ICOs

Although there are cryptocurrencies on the market with a fixed value, newer coins are being created to serve a specific purpose. Coins such as IOTA are designed to help the Internet of Things market in the exchange of energy currencies. Some coins address cybersecurity by providing encrypted digital warehouses to store money.

New ICOs offer innovative solutions that disrupt existing markets and add value to transactions. They also gain market share with easy-to-use exchanges and reliable back-end operations. In exchange, they innovate in technology by using specialized equipment for both mining and the financial market, giving investors more freedom and choice.

3. Clarity on regulation

In the current scenario, most governments are studying the impact of cryptocurrencies on society and how its benefits can be calculated for society as a whole. According to the results of research, we can expect reasonable results.

Few governments are already taking the path of legalizing and regulating cryptocurrency markets like any other market. This will prevent ignorant retail investors from losing money and protect them from losses. In 2018, legislation is expected to emerge that will stimulate the growth of cryptocurrency. This will allow it to become more widespread in the future.

4. Growth in application

Almost every industry has a great interest in the application of blockchain technology. Some startups use digital wallets, debit cards for cryptocurrencies, and so on. offers innovative solutions such as. This will increase the number of traders willing to trade in cryptocurrencies, which in turn will increase the number of users.

The more people rely on this system, the stronger the reputation of cryptocurrencies as a means of operation. While some startups may not survive, they will make a positive contribution to the overall health of a competitive and innovative market.

5. Investments from financial institutions

Many international banks are watching the cryptocurrency scene. This could lead to institutional investors entering the market. The inflow of significant institutional investments will give impetus to the next stage of cryptocurrency growth. This has captured the imagination of many banks and financial institutions.

As surprises and bottlenecks around cryptocurrencies decrease, they will become more attractive to traditional investors. This will lead to a lot of dynamism and liquidity, which is very important for any growing financial market. Cryptocurrency will become the de facto currency for transactions around the world.

Today, AI integrated automation technology is used to track business data, and cryptocurrencies are used to complete business transactions such as Bitcoin. As a result, the identities of competitors remain secret. How do you feel about the steady growth of your business? Today, the financial world is more competitive. You need to know your competitors and their policies in order to gain a sustainable position in a particular industry, but due to the application of technology, this has become impossible.

Clearly, 2018 guarantees that 2018 will be a year when we see the culmination of some major innovations – from blockchain and smart artificial intelligence to configuration thinking, cloud, and so on.

7 big trend technologies that will push in 2018

Boundaries of Innovation: AI and Blockchain: Blockchain and artificial intelligence (AI) will continue to disrupt the money management industry. The development of artificial intelligence will focus on the use of intelligence in business, advertising, enterprises, asset management and the sequential areas of the money management industry. This is a major step forward in the transition from advanced automated innovations such as machine learning and advanced testing to real development in subjective registration. Synechron also predicts that robotics professionals will become a unified FinTech stage for wealth managers.

Giant Investments in Digital Transformation: Encounters with non-accountable businesses, such as retail and correspondence, have shaped buyers’ expectations of banks and credit unions. As clients become more sophisticated, more demanding, and better informed, the Heritage Bank Fund is focused on promoting new commitment methods and fundamentally developing computerized efforts. In the light of increased attention spans and growing individual aspirations, money-related organizations around the world are pushing for computerized change initiatives.

Configuration Thinking: Synechron says that “contour overview” must be combined with the inventor’s building to bring UX vision to the real world. Account provider management will focus on a few key usage cases and improvements where the customer’s first plan is critical, such as account opening and augmented reality. Enhanced Reality (AR) and Virtual Reality (VR) will benefit from advances in the immersive UX configuration it has undertaken to enhance customer engagement. The registration procedure will see an increase in UX contour innovations, such as working with a normal dialect and more intelligent and playful participation with machine learning.

Only computerized banks are becoming a real threat: With the transition to the most advanced channels that govern the accounting industry as a whole, computerized fair players will face an increasing number of challenges against the registered advantages of ordinary banks and credit unions. This new type of money-supplier retention challenged the customary model with deeply imaginative objects and offices that attracted the mass interest of today’s attentive, intelligent buyer. These rival banks will intensify increased competition in the business by forcing ordinary money-related foundations to increase their computerized contributions and expand coverage to combat these intruders.

Giant information grows: Giant information activities drive better, clearer and more transparent action plans with better information tools and perceptions. Although initial efforts to institutionalize information are just beginning, budget organizations still depend on the design and foundation of heritage information. Information is needed in 2018 to make progress on future frameworks. In addition, it requires a new information framework to agree to the initial terms of new and future information, such as the General Data Protection Regulation (GDPR) and the Payment Services Directive II (PSD2). With these advances, better approaches have been developed to eliminate incentives in addition to information, such as data virtualization, data genealogy, and data representation.

Interaction with third-party providers to ensure customer focus: Through open APIs, banks and credit associations will face critical changes in the way they provide CX-based procedures. Fintech organizations are becoming a player in the customer’s adventure, and banks and credit associations are never responsible for a customer’s journey. Customers are increasingly receiving FinTech contributions for better management, and banks and credit unions are not yet deciding whether to adjust or lag behind.

Cloud: Every corner is crawling: In 2018, the choice of cloud in account management will increase, but the focus on security and administrative consistency will be in the foreground. Hopefully, large center and back office applications are starting to move in the cloud. Banks and credit associations will feel the urge to develop more cloud action plans in 2018, and the use of open APIs will make customer applications more cloud-oriented.

What should we do? We need to pay more attention to the use of technology to develop our skills than our competitors. is not it?