Beginner’s Guide: Introduction in Cryptocurrencies

Mar 27 2022 Published by admin under Uncategorized

Introduction: To Invest in CryptocurrenciesThe first cryptocurrency which comes into the existence was Bitcoin which was built on Blockchain technology and probably it was launched in 2009 by a mysterious person Satoshi Nakamoto. At the time writing this blog, 17 million bitcoin had been mined and it is believed that total 21 million bitcoin could be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin like Bitcoin Cash and Bitcoin Gold.It is advised to users to not put all money in one cryptocurrency and try to avoid investing at the peak of cryptocurrency bubble. It has been observed that price has been suddenly dropped down when it is on the peak of the crypto bubble. Since the cryptocurrency is a volatile market so users must invest the amount which they can afford to lose as there is no control of any government on cryptocurrency as it is a decentralized cryptocurrency.Steve Wozniak, Co-founder of Apple predicted that Bitcoin is a real gold and it will dominate all the currencies like USD, EUR, INR, and ASD in future and become global currency in coming years.Why and Why Not Invest in Cryptocurrencies?Bitcoin was the first cryptocurrency which came into existence and thereafter around 1600+ cryptocurrencies has been launched with some unique feature for each coin.Some of the reasons which I have experienced and would like to share, cryptocurrencies have been created on the decentralized platform – so users don’t require a third party to transfer cryptocurrency from one destination to another one, unlike fiat currency where a user need a platform like Bank to transfer money from one account to another. Cryptocurrency built on a very safe blockchain technology and almost nil chance to hack and steal your cryptocurrencies until you don’t share your some critical information.You should always avoid buying cryptocurrencies at the high point of cryptocurrency-bubble. Many of us buy the cryptocurrencies at the peak in the hope to make quick money and fall victim to the hype of bubble and lose their money. It is better for users to do a lot of research before investing the money. It is always good to put your money in multiple cryptocurrencies instead of one as it has been noticed that few cryptocurrencies grow more, some average if other cryptocurrencies go in the red zone.Cryptocurrencies to FocusIn 2014, Bitcoin holds the 90% market and rest of the cryptocurrencies holds the remaining 10%. In 2017, Bitcoin is still dominating the crypto market but its share has sharply fallen from 90% to 38% and Altcoins like Litecoin, Ethereum, Ripple has grown rapidly and captured the most of the market.Bitcoin is still dominating the cryptocurrency market but not the only cryptocurrency which you need to consider while investing in cryptocurrency. Some of the major cryptocurrencies you must consider:BitcoinLitecoinRippleEthereumTronCivicGolemMoneroWhere and How to buy Cryptocurrencies?While some years ago it was not easy to buy cryptocurrencies but now the users have many available platforms.In 2015, India has two major bitcoin platforms Unocoin wallet and Zebpay wallet where users can buy and sell bitcoin only. The users have to buy bitcoin from wallet only but not from another person. There was a price difference in buying and selling rate and users has to pay some nominal fee for completing their transactions.In 2017, Cryptocurrency industry grew tremendously and the price of Bitcoin grown spontaneously, especially in last six months of 2017 which forced users to look for alternatives of Bitcoin and crossed 14 lakhs in the Indian market.As Unodax and Zebpay are the two major platforms in India who were dominating the market with 90% of market share – which was dealing in Bitcoin only. It gives the chance to other organization to grow with other altcoins and even forced Unocoin and others to add more currencies to their platform.Unocoin, one of India’s leading cryptocurrency and blockchain company launched an exclusive platform UnoDAX Exchange for their users to trade multiple cryptocurrencies apart from trading of Bitcoin in Unocoin. The difference between both platforms was – Unocion was providing instant buy and sell of bitcoin only whereas on UnoDAX, users can place an order of any available cryptocurrency and if it matches with the recipient, the order will be executed.Other major exchanges available to trade cryptocurrencies in India are Koinex, Coinsecure, Bitbns, WazirX.Users have to open an account in any of the exchange with signing-up with email id and submitting the KYC details. Once their account gets verified, one can start trading of coins of their choice.Users have to research well before investing in any coins and not fall into the trap of cryptocurrency-bubble. Users must research the exchange credibility, transparency, security features and many more.All Exchanges charge some nominal fee on each transaction. There are two types of charges – Maker fee and Taker fee. Apart from the transaction fee, one has to pay the transfer fee, if you want to transfer your cryptocurrencies in other exchange or your private wallet. The charges solely depend on the coins and exchange as the different exchange has difference price module for transferring the coins.Major Altcoins other than BitcoinAs mentioned above, Bitcoin is dominating the market with a 38% market share followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many more. If any of the coins match your portfolio then you must buy it.But, you must put the money in the market which you can afford to lose as cryptocurrency market is very volatile and no government has control over it.When to Buy?There is no hard rule when to buy your favorite cryptocurrency. But one must research the market stability. You should not but at the peak of a cryptocurrency bubble or when the price is crashing continuously. Always best time is considered when the price is stable relatively at a low level for some time.Cryptocurrencies Storage MethodBefore buying any cryptocurrency one must understand how to keep your cryptocurrency safe.Generally, all the exchanges provide the storing facility where you can keep your coins safely. One must not share their user details, password, 2FA when you hold cryptocurrency on exchanges.Paper Wallet, Hardware wallet, Software wallet are some of the channels where one can store their cryptocurrency.Paper Wallet: Paper wallet is an offline cold storage method to keep your cryptocurrency. It prints your private and public key on a piece of a paper where QR code is also printed. One has to just scan the QR code for their future transactions. Why is it safe? No need to worry about the hack of your account or attack of any malicious malware. You just need to keep your piece of the paper safe in a locker and if possible keep two to three pieces of paper wallet all in your complete control.Hardware Wallet: Hardware wallet is a physical device where you keep cryptocurrency safe. There are many forms of hardware wallet but commonly used hardware wallet is USB. When you keep your cryptocurrency in hardware wallet you just need to keep in that mind that you should not lose your hardware wallet as once it is lost you can not retrieve your cryptocurrency.One famous incident, where a person as mined 7000+ bitcoin and stores in their hardware wallet and kept it with another hardware wallet. One day he threw the hardware wallet in which he stored his cryptocurrency instead of damaged hardware and he lost all his bitcoin.What can buy from cryptocurrencies in India?Most of the people assume that buying and selling of any cryptocurrencies are just for the investment and getting the high returns on a long and short-term. Influencers and bitcoin investors are believing that in coming years Bitcoin will dominate all the fiat currencies and will be accepted as International currency.Dell is one of the largest e-commerce business accepting bitcoin as payment. Expedia and UNICEF are other examples.In India, Sapna Book Mall was accepting bitcoin as payment using Unocoin merchant service. People were booking movie tickets through BookMyShow or recharging their mobile using Unocoin platform. As per the report, they have stopped the service but planning to start again in near future.Conclusion:Cryptocurrency is one of the growing investment sectors and it has given nice returns than real-estate, gold, stock-markets, etc in the past. You can buy the cryptocurrency and hold for long-term to get nice returns or go for the short-term for the quick profit as we have seen the growth of many coins in 1000%+ in past. Since the cryptocurrency is a volatile market and no control of government on the industry. One must invest the amount in any cryptocurrency which they can afford to lose.You can store your cryptocurrency in hardware wallet, paper wallet, software wallet if you don’t wish to hold in the exchange from where you are trading.

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Best ICO of 2018 – This Cryptocurrency Will Disrupt Wall Street

Mar 27 2022 Published by admin under Uncategorized

As we begin to see a rise in cryptocurrency trading there is more and more new digital assets being built everyday. The concept of this is absolutely brilliant, only we have been left with a huge problem for many they will find less and less actual quality investment options in the crypto market. More a public and more it seems that only the top 15% of cryptocurrencies will sustain any significant value over time.The reality of the ICO is a novel idea, but we must see a major change develop in order to offer the security that is seen with traditional investment instruments. The fact that we are on a playing field where no governments or authorities can regulate these digital assets opens a door for scammers and cons. This is the major issue with ICOs, even companies that may offer a legitimate product or service may end up wasting investors money and leaving the token holders stuck with an asset that really is worthless. This is what the Dibbs ICO is promising to fix along with many other promises to change the worlds situation through blockchain development.The Dibbs ICO, is introducing to the public an erc20 token that has some extra unique features. These tokens are able to be sold back to the issuer for payments in bitcoin or ether. This is set to be managed by smart contracts that will heighten the level of security for investors by offering a sure source for liquidation of their holdings! The concept is simple and genius! The reason for this development is so that Dibbs llc, can demonstrate their ability to create digital assets that offer the same benefits and surely as traditional investments, but with much higher returns, instant liquidity, and the capacity to build new benefits that may be unique to each token. This will in turn become managed at first by Dibbs as they oversee the companies that wish to launch on their platform, making sure that what is promised is delivered as we set forth into the final phase making this whole system autonomous.With the Dibbs token you are able to get a piece of each and every offering that will launch from this platform! That is the added bonus behind the Dibbs token, it is unmatched for potential to see extremely high returns in the future. The fact is that no other offering will ever have such an awesome benefit attached. With the release of am altcoin through an ICO, a portion of the total supply is set aside and even used as payment to the Dibbs company for their asset production service. In turn these holdings are distributed to Dibbs token holders in proportion to their holdings.All I have to say is wow! I’ve gone ahead and made this company a central focus for my partners in the financial sector and they have all given this a big thumbs up. I personally have put over $5,000 USD into this offering by purchasing tokens at presale prices. The ICO is not actually going to begin until September of 2018, but if you get in today you will benefit a great deal by saving up to 200%To find out more about this company check out their website at http://dibbs.co.The Dibbs Coin Offering – dibbs.co

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Beginners’ Guide to Own Bitcoin Cryptocurrency

Mar 27 2022 Published by admin under Uncategorized

Bitcoin Cryptocurrency is buzzing all over the world, whether you are on the internet or any media. It is one of the most exciting and craziest things happened that comes into existence in the last few years only. More importantly, you can earn an awesome return by bitcoins trading or you can keep it for a long term.You may be heard about Stocks, Commodities, Forex, and now a new currency called Bitcoin trading that impacts greatly on our lives. In this beginner’s guide to Bitcoin cryptocurrency, you will get to know the A B C of Bitcoin.About Bitcoin CryptocurrencyThe emergence of Bitcoin is still not known but a paper was published in October 2008 under the pseudonym Satoshi Nakamoto held from Japan. His identity is still unknown and believed to have approximately one million bitcoins valued more than $6 billion USD as of September 2017.Bitcoin is a digital currency popularly known as cryptocurrency and is free from any geographical boundary. It is not regulated by any government and all you need is an internet connection. As a newbie, Bitcoin technology may confuse you and a little bit tough to know about it. However, I will help you dig it deeper and how you can also do your first Bitcoin trading at ease.Bitcoin Cryptocurrency works on blockchain technology which is a digital public ledger and shared by anyone in the world. You will find your transactions here whenever you do any Bitcoin trading and anyone can use the ledger to verify it. The transaction done will be completely transparent and is verified by blockchain. Bitcoin and other cryptocurrency are the parts of blockchain and are an awesome technology that runs on the internet only.Key Terms Related To Bitcoin CryptocurrencyBefore you ready to own your first Bitcoin, it is better to know the key terms related to bitcoins. It is also termed as BTC which is a part of bitcoin and 1 bitcoin equals 1 Million bits. With the emergence of bitcoins, some other alternative cryptocurrencies also evolved. They are popularly called Altcoins and includes Ethereum(ETH), Litecoin(LTC), Ripple(XRP), Monero(XMR) and many others.XBT and BTC are the same things and commonly abbreviated for bitcoin. Mining is another term used a lot and it is actually a process done by computer hardware for the Bitcoin networks.Things You Can Do With BitcoinYou will be able to trade, transact, accept and store bitcoin. You can send it to your friends, request from a friend and store it in your digital wallet. Even, now you can top-up your mobile/DTH directly by paying through bitcoin.Transaction cost is low as compared to PayPal, Credit cards, and other online intermediaries. Furthermore, it also protects your privacy that may get leaked on the internet while using credit cards. It is extremely secure and nobody can seize or steal coins. Due to its transparency in the system, it is also not possible to manipulate because of the shared public ledger. You can verify transaction from anywhere and at any time.Demand is likely to rise as the total production of bitcoins is to be limited to 21 million only. Japan has already legalized it and other countries may follow it soon and the price may hike further.I will be covering more on Bitcoins in detail in the upcoming days where you will learn great stuff of bitcoin trading. You can comment your views and ask anything relevant to bitcoins.If you found this beginner’s guide to Bitcoin Cryptocurrency useful, then do share and like it on social networks.

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