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6 Benefits of investing in cryptocurrencies

The birth of bitcoin in 2009 opened the door for investment opportunities in a completely new type of asset class – cryptocurrency. A lot went into space early.
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Interested in the enormous potential of these young but promising assets, they bought the cryptophone at cheap prices. So in 2017, they became millionaires / billionaires. Even those who did little reaped a decent income.

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After three years, cryptocurrencies still remain profitable, and the market remains here. Maybe you are already an investor / trader or maybe you are thinking of trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrencies have a bright future

According to the “Imagine 2030” report published by Deutsche Bank, credit and debit cards will become obsolete. They will be replaced by smartphones and other electronic devices.

Cryptocurrencies will no longer be seen as outcasts, but as an alternative to existing monetary systems. Their benefits, such as security, speed, minimum transaction fees, ease of storage and relevance in the digital age, will be recognized.

Specific regulations promote cryptocurrencies and increase their use. The report predicts that by 2030 there will be 200 million users of cryptocurrency wallets, and by 2035 – almost 350 million.

The opportunity to be part of a growing community

#IndiaWantsCrypto from WazirX the campaign recently ended 600 days. It has become a mass movement that supports the adoption of cryptocurrencies and blockchain in India.

In addition, a recent Supreme Court ruling that lifted RBI’s ban on crypto banking from 2018 has instilled a new surge of confidence among Indian investors in bitcoin and cryptocurrencies.

The Edelman Trust Barometer 2020 report also notes the growing people’s faith in cryptocurrency and blockchain technology. According to the results, 73% of Indians trust cryptocurrencies and blockchain technology. 60% note that the impact of the cryptocurrency / blockchain will be positive.

As an investor in cryptocurrency, you remain part of a thriving and fast-growing community.

Increase profit potential

Diversification is an important investment rule. Especially at a time when most assets have suffered heavy losses due to economic hardship caused by the COVID-19 pandemic.

While investing in bitcoin has yielded 26% return since the beginning of the year to date, gold has returned 16%. Many other cryptocurrencies have a three-digit ROI. Stock markets, as we all know, have published horrible results. In April, crude oil prices are known to have fallen below 0.

Inclusion in your portfolio of bitcoin or any other cryptocurrency will protect the value of your fund in such uncertain situations in the global market. This fact also impressed billionaire macro hedge fund manager Paul Tudor Jones when a month ago he announced plans to invest in bitcoin.

Cryptocurrency markets operate 24X7X365

Unlike conventional markets, cryptocurrency markets operate around the clock, all days of the year without fatigue. This is because digital currency systems are essentially designed using software code that is provided with cryptography.

The operational plan does not provide for human intervention. This way, you are free to trade cryptocurrencies or invest in digital assets if you wish. This is a great benefit! Cryptocurrency markets are very efficient.

For example, since its inception in 2009, Bitcoin has successfully processed 99.98% uptime transactions.

Tweet: https://twitter.com/fernandoulrich/status/1185368277557620736

No documents or formalities are required

You can invest in bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary conditions.

Unlike conventional investment options, where an absurdly large amount of documentation is required to prove yourself as an “accredited investor,” crypto-investments are free for everyone. In fact, this was the goal behind the creation of cryptocurrencies. Democratization of finance / money.

To buy any cryptocurrency on WazirX, you need to open an account for which you just need to provide some basic data including your bank account details. Once they are checked, within hours, you are ready to go.

The sole ownership of the investment

By buying bitcoin or any other cryptocurrency, you become the sole owner of this digital asset. The transaction is peer-to-peer.

Unlike bonds, mutual funds, stockbrokers, no one “manages your investments” for you. You call for a sale whenever you want.

User autonomy is the biggest advantage of cryptocurrency systems, which provides incredible opportunities for self-investment and building a fixed capital.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and compelling enough to begin your crypto-investment journey.

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How to find cryptocurrency predictions?

If you have invested in a cryptocurrency, you know that taking into account market conditions is paramount. As an investor, you need to know what is happening with different currencies and what other traders are saying about the future.
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Therefore, if you want to make smart investment decisions, it is better to consider predictions about cryptocurrency. Fortunately, there are many sources on the Internet that allow you to research and search for predictions. This can help you stay ahead of others in the market. Make sure you stay away from scammers and other schemes that claim you will get rich overnight. Below are some credible sources of forecasts that can help you succeed as an investor.
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TradingView

If you are looking for a reliable forecast source, check out TradingView. This platform offers great charting tools that anyone can use. It doesn’t matter if you are a newbie or an advanced user. This platform allows you to learn how different types of cryptocurrencies behave over time. So you can predict their behavior.
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One of the main reasons why this platform offers reliable forecasts is that it has a wide community of experienced investors who are always ready to share their knowledge. Strictly speaking, more than 3.3 million active investors are part of this platform.
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Finder.com

Finder – this is your ideal source if you want to get a valuable idea of ​​the future of cryptocurrency from various reliable authorities. In fact, Finder regularly consults with experts in finance and cryptocurrency and publishes their forecasts for other investors.
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In addition, the platform works with experts from a variety of fields, such as news, finance and technology. Based on discussions with these experts the Finder can make accurate predictions.
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Bitcoin-Wolf

Bitcoin Wolf is another great platform that can provide accurate predictions about cryptocurrencies. By joining the chat of this platform, you can chat around the clock with other experienced investors. In addition, you can take advantage of other great features offered by the platform, such as real-time alerts, peer counseling centers, technical analysis and so on.
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This place is the best platform where you can talk about the future of these currencies. And the great thing is that the experts will give you a deeper understanding of this world and help you make informed decisions.
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When it comes to investing in cryptocurrency, make sure you do your homework first. It’s great to consider predictions so you can make the right decisions. You need to pay attention to what other experienced investors think about the future. Alternatively, you might want to get expert opinion in this area.
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Final thoughts

So, if you check the above sources, you will be able to get an idea of ​​the opinions of other investors in the field. By doing so, you can make better decisions that will ensure the profits of your business. It is better to check the forecasts regularly.
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The technical deal you expected

Everyone loves the deal.

We love that feeling of revealing a hidden value that everyone else didn’t notice. Incorrectly rated vintage corvette with a small scratch on the quarter panel that you could easily remove. A large-screen HD TV in the open box area of ​​your local electronics store.
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You get the image.

But even your savvy shopping hunters have nothing against investors looking for the “next big deal”. In fact, this speculative quest to “come early” often misleads investors.
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Their emotions prevail as they inflate, in effect, short-term market trends, into major stock trading drivers.

This leads to unreasonable expectations and no less unreasonable stock prices.

This leads to irrational trade.

One of the best examples of irrational expectations this year Advanced Micro Devices Inc. (Nasdaq: AMD).

Cryptocurrency Madness

In July, stocks increased on the inflow of profits from the growing cryptocurrency mining market. Ethereum was the “next big deal,” and investors were heavily speculating on AMD’s price, despite signs that the fashion would not continue.
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Even Wall Street analysts were guilty of inflating AMD shares against the backdrop of Ethereum fashion, and somewhat raised their ratings and pricing to, frankly, volatile levels. AMD shares quickly hit overbought territory due to the oddity and wild surge of emotional investment.
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Then AMD had to be fixed, because “there are newcomers, and the more the bearish contingent in the brokerage community is starting to sound on valuation issues and pitfalls.”

This week Morgan Stanley did just that. The brokerage firm said that “sales of AMD graphics chips related to cryptocurrency mining will fall by 50% next year, or a decrease in revenue of $ 250 million.” Morgan Stanley also noted that game console sales will decline by 5.5% in 2018, but this is a drop for AMD, and investors probably already expected this, given the age of the current generation of consoles.

You could almost hear the heart of cryptocurrency speculators breaking when AMD shares fell 9% after the report.

Genuine AMD

To remember the real reason for investing in AMD, you need to look back at 2016. The company caught fire early last year after reviewing several new chips, including a new Ryzen CPU chipset and a new graphics processing unit (GPU), the Vega. Both products had significant prospects, and AMD expected strong sales after the release of the chips.

But both Ryzen and Vega knocked analysts’ expectations out of the water. When they hit the market earlier this year, Ryzen and its family chip, dubbed Threadripper, not only outperformed rival chips from Intel Corp. (Nasdaq: INTC), but also beat them in price. At the same time, Nvidia Corp. (Nasdaq: NVDA) touted its Titan Xp GPU as the fastest in the world, but the top-of-the-line AMD Radeon Vega Frontier Edition GPU model quickly stole the title.

As a result, AMD’s market share in the desktop market increased by approximately 45% and reached 31% to its highest level in 10 years, while Intel fell to 69%. It also steals market share from Intel’s server and data center through the increasingly popular Threadripper processor.

And these are just AMD’s core business operations. When we get to areas like virtual reality, driverless vehicles and artificial intelligence, AMD is already at the cutting edge and ready to become a market leader.

Many of you at this point may ask, “What about AMD’s weak earnings report last week?”

And I would oppose, “What weak incomes are reported?”

Just look at the numbers. AMD earned $ 71 million last quarter with revenue of $ 1.64 billion. Not only did it outpace Wall Street’s main expectations, but it also disgraced last year’s loss of 50 cents a share on earnings of $ 1.31 billion. %.

So why after such a stellar report, AMD shares fell by about 20%? Because the company said profit in the fourth quarter would decline 15% consistently (though that’s still 20% from last year). Once again, it all comes down to the irrational level of the hunt for deals and the excess of emotional trading.

Invest in advanced micro-devices

But you are in luck! This emotional storm has led to AMD trading at a significant discount … and a considerable deal given its significant growth potential – next year AMD sales are expected to grow by about 17% compared to 12.3% for Nvidia and a slight 2.3% for Intel.

Next year, the shares will rise by more than 30%. About how many other large companies besides Alibaba Group Holding Ltd. (NYSE: BABA), can you say so?

So, ignore the hype with cryptocurrency and focus on AMD’s core products and their potential with leading technologies such as AI and data centers. I don’t promise you a smooth ride, but it should be very profitable.

What will happen to gold prices in 2012?

The macroeconomic environment in 2012 is tuned for uncertainty, variability and heightened anxiety. The EU will have to choose whether to print money or face a recession; U.S. policy remains complex, while the growth of China and India has fallen.

Gold prices reached half-year lows in December 2011 when they came under pressure from investors and banks looking for cash and weak physical demand from China. Since then, they have recovered steadily, but have fluctuated below the 200-day moving average of $ 1,634. However, yesterday (10.10.2012) gold finally overcame this barrier, which suggests that gold can now gain momentum and start growing more steadily.

Moorenbeld, chief economist at Dundee Wealth Economics, sees monetary relations (or quantitative easing) as the main bullish factor in gold prices. If Europe wants to avoid a recession, it may well be necessary to launch a version of the quantitative easing, if this happens, it is unknown where the price of gold will go.

In the short term, the strength of the US dollar is the most limiting factor for gold prices. However, it is fundamentally inflated, and as such Congress can force a “devaluation,” which in turn will be beneficial to gold.

Despite the recent slowdown in China, demand for gold remains strong due to rising wealth, fears of inflation, easing monetary policy and, of course, the approaching Chinese New Year. However, if the Chinese economy does start a recession, gold prices could drag on.

Most banks have lowered their gold price forecasts for 2012. HSBC chief analyst James Steele changed his forecast to $ 1,850 based on a weak euro, liquidation and disappointing physical demand from developing countries. Barclays forecasts an average of $ 1875, and Deutcsche Bank has cut the average forecast to $ 1825. However, all of these adjusted forecasts can still be considered bullish, given the current gold price of around $ 1630.

According to the annual review of industry forecasts by the London Bullion Association (LBMA), the 23 largest bullion banks have predicted that gold prices will exceed the maximum of $ 1920 reached in 2011 and could exceed $ 2,000 in 2012.

Negative real interest rates and the purchase of gold from central banks will continue to maintain the attractiveness of buying gold. The amount of available physical gold is declining due to demand from developing countries and accumulation by central banks. As a result, increased demand from investors is likely to lead to a long-term upward trend in gold prices, leading to an increase in the average over the next few years.

This year, gold prices are likely to be as volatile as in 2011, with large profits often accompanied by a decline that could lead investors to question the gold class. Possibly gold bears were everywhere by the end of 2011, predicting lows of $ 1,000 or less, but they were wrong, as in the past, and now gold is shaking off year-end losses and preparing for another bull run, so if you haven’t already may be the perfect time to invest in gold.

The most hated asset class

All my life I have pointed to potential risks – in our economy, in the real estate market and in the stock market. Too often we only pay for the security words of our assets, taking risks at the same time.

But sometimes you have to consider the other side of the coin risk / reward. Each asset has a buyer – if the price is low enough.

And I think that day is a market with a lot of goods.

It’s all about risk / reward.

Real estate prices are sky-high. Even Federal Reserve insiders say there are bubbles in the commercial property. And you’ve heard a lot from us and others about stock market issues.

When it comes to risk compared to the reward in these two sectors, well … the part of the “reward” received over six years is about the same as a bottle of champagne the morning after the New Year.

Case for goods

Goods are the other side of the asset coin. Of course, since the beginning of the year, oil prices have doubled and precious metal prices have risen by about 20%, but none of them reached a maximum even a few years ago. The rest of the product complex is a similar set of results in 2016:

  • Copper: + 1%

  • Soybean: + 8%

  • Wheat: -15%

  • Corn: -8%

  • Sugar: + 50%

  • Nickel: + 20%

And take a look at almost any commodity tracking price index or stock exchange and you’ll see what I’m talking about. For example, the Dow Jones commodity index rose only 23% from the bottom earlier this year (primarily due to rising energy prices). But since 2014, it has dropped by more than 30%.

It may seem strange to pay attention to an inefficient asset class and say “invest there money”, but that is why you should now look at the commodities sector.

This makes it possible to diversify part of your wealth from stocks and assets. And best of all, the goods don’t relate – meaning they don’t go to the same drummer, they go up and down in price – as is stock and real estate.

But there is still reason to think about it all. For example, flipping home and day trading are back in vogue. But say, “I like corn. It’s the lowest price in ten years,” and all you’ll hear are the sounds of silence (and maybe crickets).

However, there is a downside to the old adage that “the best treatment for high prices is high prices”. The best remedy for low prices in general in the raw materials complex? Yes – low prices. And this is forcing manufacturers, miners and other manufacturers to lag behind, waiting for demand to reappear.

For example, Texas farmers intend to plant 20% less wheat this fall (after a 13% reduction in planting over the same period last year).

When it comes to risk versus reward, you can’t find an asset class to which your neighbors and cocktail friends are more indifferent than merchandise. That’s good. If an asset is unpopular, even hated, it means there is an opportunity to make a profit. The same cannot be said in general about stocks and real estate at the current level.

Book Review on Economics – The Rise of Money, The Financial History of the World, Niall Ferguson

Cryptocurrency is a digital asset that is used primarily as a transaction tool to secure financial transactions, control the creation of additional assets, and verify any asset transfers using strong cryptographic technology. It is also known as a form of digital currency or virtual currency. Unlike central banking systems, it is a decentralized system of control and financial operations that operates through a blockchain that is used primarily for financial transactions.

The first decentralized virtual currency developed in 2009 was bitcoin, known as the virtual currency, and it operated on its own without the help of a central bank or administrator. Since then, about 4,000 altcoins of various bitcoin variants have been developed. Bitcoin is seen as a peer-to-peer electronic money system where users make transactions directly without intermediate products.

Blockchain is a data file consisting of many blocks, which keeps track of all previous bitcoin transactions, as well as the creation of new ones. The normal average time between each block is about 10 minutes. The most common use of bitcoins is supported by external software called Bitcoin wallet. Using this software, you can easily store, retrieve and manage bitcoin unit transactions. In order to make transactions using bitcoins, you need to have an account on any of the bitcoin exchanges around the world and transfer fiat currency to this account. This way, the account holder can make future transactions using these funds. Apart from bitcoin, other sources of cryptocurrency are oil, which is mainly used for oil reserves and minerals.

There are several pros and cons associated with using digital currency. The main advantages of using virtual currency are as follows: –

• Provides a fast layer of transparency: –

Usually bitcoin works through a book called Blockchain, which records and monitors each transaction. If a transaction is made and recorded in this book, it is considered static. These transactions can be further verified at any time in the future, and in addition, it also provides security and privacy with respect to all transactions made through a particular account.

• Fast processing and portable use: –

Billions of dollars of bitcoins can be easily transferred from one place to another without detection with a single memory drive. In any transaction, the involvement of any third party can be eliminated using this bitcoin technology. This will result in an easy and fast transaction without the permission of a third party,

• Low transaction costs: –

The transaction costs associated with exchanging these digital currencies are very lower, making it more affordable than real currency for people around the world. Thus, the cost of any transactions made is very small, which proves to be a beneficial feature for the public when they make any transactions.

• Fighting and eradicating poverty: –

Often banking systems and financial institutions do not provide assistance and assistance to particularly backward classes in rural areas. Bitcoin serves as an alternative in cases where it extends its reliable financial services to those who have access to the Internet. It often serves as support for the poor and oppressed classes, who in most cases are not given a viable alternative.

With the advent of new or latest technology with its use are also associated with some negative factors, which are as follows:

• Lack of knowledge and distrust of the population: –

Due to the lack of knowledge about digital currency, people often become distrustful of its widespread use. Thus, there are very few business systems that accept these sources of cryptocurrencies, hence the limitation of business systems that prefer to use virtual currency in their daily transactions.

• Non-traceable transactions: –

Because transactions made by bitcoins are impossible to trace, this provides room for criminal transactions. In such cases, drug dealers and unscrupulous individuals use such virtual currency to illegally detect their illegal activities.

• Volatile and uncertain nature: –

Cryptocurrency is sometimes volatile and continues to change frequently on a large scale. Sometimes people earn a considerable amount when the market rates of these virtual currencies rise rapidly, and sometimes they also face large losses when the price falls.

Cryptocurrency is an innovative but amateur concept that can potentially disrupt the entire financial market. True, this digital currency has attracted the attention of the world in a short period of time. Every new technology that emerges in the market always has advantages and disadvantages. To make the most of it, you need to make a decision on both sides.

Which cryptocurrencies are good to invest in?

This year, the price of bitcoin has soared even for one ounce of gold. There are also new cryptocurrencies on the market, which is even more surprising, leading to cryptocurrencies amounting to more than a hundred billion. On the other hand, the long-term prospects of cryptocurrency are somewhat blurred. Major developers have controversy over the lack of progress, which makes it less attractive both as a long-term investment and as a payment system.

Bitcoin

Still the most popular, bitcoin is the cryptocurrency that started it all. It is currently the largest market capitalization, at about $ 41 billion, and has existed for the past 8 years. Bitcoin is widely used worldwide, and it is still not easy to use the weakness of the method it works. Both as a payment system and as value is stored, bitcoin allows users to easily receive and send bitcoin. The concept of the blockchain is the foundation on which bitcoin is based. You need to understand the concept of a blockchain to understand what a cryptocurrency is.

Simply put, a blockchain is a database distribution that stores each network transaction as a block of data called a “block.” Every user has copies of the blockchain, so when Alice sends Mark 1 bitcoin, everyone on the network knows it.

Litecoin

One alternative to bitcoin – Litecoin is trying to solve many of the problems holding back bitcoin. It is not as resilient as Ethereum, and its value is derived mainly from the acceptance of solid users. It should be noted that Charlie Lee, a former Google employee, heads Litecoin. He also practices transparency of what he does with Litecoin, and is quite active on Twitter.

Litecoin has been Bitcoin’s second violin for quite some time, but things started to change in early 2017. First, Litecoin was adopted by Coinbase along with Ethereum and Bitcoin. Next, Litecoin fixed the problem with bitcoins by adopting Segregated Witness technology. This gave him the opportunity to lower the transaction fee and do more. The deciding factor, however, was when Charlie Lee decided to focus on Litecoin and even left Coinbase, where he was director of engineering, only for Litecoin. Due to this, the price of Litecoin has risen over the past couple of months, and the strongest factor is the fact that it can become a real alternative to Bitcoin.

Ethereum

Vitalik Buterin, a superstar programmer, came up with Ethereum that can do all that bitcoin can do. However, its goal, first of all, is to become a platform for creating decentralized applications. The difference between them is in the blockchains. Basically, a bitcoin blockchain records a contract type that indicates whether funds have been transferred from one digital address to another. However, there is a significant extension with Ethereum because it has a more advanced language script and has a more complex and wide range of applications.

Projects began to grow on top of Ethereum when developers began to notice its best qualities. Thanks to the crowd of stores, some have even raised millions of dollars, and it still continues to this day. The fact that you can create great things on the Ethereum platform makes it almost similar to the Internet itself. This has caused a rapid rise in prices, so if you purchased Ethereum for a hundred dollars earlier this year, it won’t be priced at nearly $ 3,000.

Money

Monero is committed to solving the problem of anonymous transactions. Even though this currency has been perceived as a method of money laundering, Monero is committed to changing it. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain with every public broadcast and record. With bitcoin, everyone can see how and where the money was transferred. However, in Bitcoin there is a somewhat imperfect anonymity. In contrast, Monero has an opaque rather than a transparent transaction method. No one is sold by this method, but since some love privacy for any purpose, Monero will stay here.

Zcash

Unlike Monero, Zcash is also committed to solving problems that arise in bitcoin. The difference is that Monero, rather than completely transparent, is only partially public in its blockchain style. Zcash also aims to address the issue of anonymous transactions. After all, not everyone likes to show how much money is actually spent on memorable Star Wars stuff. Thus, it can be concluded that this type of cryptocurrency does indeed have an audience and demand, although it is difficult to note which cryptocurrency that is privacy-focused will eventually come out on top.

Banker

Also known as a “smart token,” Bancor is a next-generation cryptocurrency standard that can hold more than one token in reserve. Basically Bancor is trying to simplify the trading, management and creation of tokens by increasing their liquidity level and allowing them to automate the market price. At the moment, Bancor has a product that includes a wallet and a smart token creation. The community also has features such as statistics, profiles and discussions. In a nutshell, the Bancor protocol allows you to detect the embedded price as well as the liquidity mechanism of smart contract tokens through the innovation reserve mechanism. With a smart contract you can instantly eliminate or purchase any token in the Bancor reserve. With Bancor you can easily create new cryptocurrencies. Now who wouldn’t want that?

EOS

Another competitor to Ethereum, EOS promises to solve the problem of scaling Ethereum by providing a set of tools that are more reliable for running and building applications on the platform.

Thesis

Alternatively, Ethereum Tezos can be upgraded by consensus without much effort. This new blockchain is decentralized in the sense that it is self-governing by creating a true digital community. This facilitates a mathematical method called formal verification, and has the function of enhancing the security of the most financially weighted, sensitive smart contract. Definitely a big investment in the coming months.

Verdict

It is incredibly difficult to predict which bitcoin will be the next superstar on the list. However, user acceptance has always been a key success factor when it comes to cryptocurrencies. Both Ethereum and Bitcoin have this, and even if the list has great support for each cryptocurrency, some have yet to prove their safety. However, they need to be invested in and monitored in the coming months.

Preparing for the world of cryptocurrency: Chinese edition

Over the past year, the cryptocurrency market has received a number of severe blows from the Chinese government. The market took the hits like a warrior, but these combos have taken their toll on many cryptocurrency investors. Weak market performance in 2018 is fading compared to stellar thousand percent earnings in 2017.

What happened?

Since 2013, the Chinese government has been taking steps to regulate the cryptocurrency, but nothing compared to what was put into effect in 2017 (See this article for a detailed analysis of the Chinese government’s official statement)

2017 has become a banner for the cryptocurrency market with all the attention and growth it has achieved. Extreme price volatility has forced the Central Bank to take more extreme measures, including a ban on initial coin offerings (ICOs) and restrictions on domestic cryptocurrency exchanges. Soon, mining plants in China were forced to shut down, citing excessive electricity consumption. Many exchanges and factories moved abroad to evade the rules, but remained accessible to Chinese investors. However, they still fail to escape the claws of the Chinese dragon.

In a recent series of government efforts to monitor and ban cryptocurrency trading among Chinese investors, China has spread its “Eagle Eye” to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of carrying out transactions with foreign cryptocurrencies and related activities are subject to measures ranging from withdrawal limits to account freezes. There are even rumors among the Chinese community about more extreme measures to be applied on foreign platforms that allow trading among Chinese investors.

“As for whether further regulatory action will be taken, we will have to wait for orders from higher authorities.” Excerpts from an interview with the head of the group of the Chinese Agency for Supervision of Public Information Network at the Ministry of Public Security, February 28

WHY WHY WHY !?

Imagine that your child invests his savings in an investment in a digital product (in this case – in cryptocurrency), and he does not have the opportunity to verify its authenticity and value. He or she may get lucky and get rich, or lose everything if the crypto-bubble bursts. Now increase this to millions of Chinese citizens and we are talking about billions of Chinese yuan.

The market is full of fraud and pointless ICOs. (I’m sure you’ve heard the news that people are sending coins to random addresses with the promise of doubling their investments and ICOs, which just don’t make sense). A lot of unwise investors are looking for money and they would care less about the technology and innovation behind it. The value of many cryptocurrencies is derived from market speculation. During the crypto boom in 2017, take part in any ICO either with a famous advisor, and with a promising team, or with a decent rush, and you guarantee at least 3 times your investment.

The misunderstanding of the firm and the underlying technologies combined with the spread of ICO is a recipe for disaster. Central Bank members report that nearly 90% of ICOs are fraudulent or involve illegal fundraising. In my opinion, the Chinese government wants to make sure that the cryptocurrency remains “controlled” and not too big to fail in the Chinese community. China is taking the right steps toward a safer, more regulated world of cryptocurrencies, albeit aggressive and controversial. In fact, it may be the best step the country has taken in decades.

Will China deliver an ultimatum and make cryptocurrency illegal? I very much doubt it, for to do so is pointless. Currently, financial institutions are prohibited from storing any crypto-assets, while individuals are allowed but prohibited from conducting any form of trading.

State cryptocurrency exchange?

At the annual “two sessions” (named because the two main parties – the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPCC) take part in a forum held in the first week of March, leaders gather to discuss recent problems and make necessary amendments to the law.

Wang Penjie, a member of the NPCC, immersed himself in the prospects of a state-owned digital asset trading platform, and initiated educational projects on blockchain and cryptocurrency in China. However, the proposed platform will require an authenticated account to allow trading.

“With the establishment of relevant regulations and the cooperation of the People’s Bank of China (PBoC) and the Securities Regulatory Commission of China (CSRC), a regulated and efficient cryptocurrency exchange platform will serve as a formal way to attract companies (through ICOs) and investors who retain their digital assets. seek to raise capital ‘Fragments of Wang Pengjie’ s presentation in two sessions.

March to the blockchain nation

Governments and central banks around the world are struggling with the growing popularity of cryptocurrencies; but one thing is for sure, everyone has accepted the blockchain.

Despite the dispersal of cryptocurrencies, the blockchain is gaining popularity and proliferation at various levels. The Chinese government supports blockchain initiatives and is emulating this technology. In fact, the People’s Bank of China (PBoC) has been working on digital currency and conducting bogus transactions with some of the country’s commercial banks. It has not yet been confirmed whether the digital currency will be decentralized and will have cryptocurrency features such as anonymity and immutability. It would not be a surprise if it turns out to be just a digital Chinese yuan, given that anonymity is the last thing China wants in its country. However, created as a close replacement for the Chinese yuan, the digital currency will be subject to existing monetary policy and law.

Governor of the People’s Bank of China Zhou Xiaochuan. Source: CNBC

“Many cryptocurrencies are experiencing explosive growth that could have a serious negative impact on consumers and retail investors. We don’t like (cryptocurrencies) products that use a huge opportunity for speculation, giving people the illusion of enrichment overnight” Zhou Interview Xiaochuan on Friday, March 9th.

Speaking to the media on Friday, March 9, People’s Bank of China Governor Zhou Xiaochuan criticized cryptocurrency projects that used the crypto-boom to make money and speculate in the market. He also noted that the development of digital currency is “technologically inevitable”

At the regional level, many Chinese cities are implementing blockchain initiatives aimed at promoting growth in their region. Hangzhou, known as Alibaba’s headquarters, said blockchain technology is one of the city’s top priorities in 2018. Local authorities in Chengdu have also been asked to build an incubation center to facilitate the adoption of blockchain technology in the city’s financial services.

Local conglomerates such as Tencent and Alibaba have also established partnerships with blockchain firms or initiated projects themselves. Blockchain firms, such as VeChain, have also provided several partnerships with Chinese firms to enhance the transparency of the supply chain in China.

All clues point to the fact that China is working towards a blockchain nation. China has always been tuned to new technologies such as mobile payments and artificial intelligence. From now on, China will undoubtedly become the first country to support the blockchain. Will we see how the Chinese government retreats and allows citizens to trade again? Maybe when the market matures and becomes less volatile, but definitely not in 2018.

A brief history of bitcoin

Bitcoin is the main cryptocurrency in the world. It is a peer-to-peer currency and transaction system based on a decentralized consensus-based public ledger called a blockchain that records all transactions.

Now bitcoin was provided in 2008 by Satoshi Nakamoto, but it was the product of years of research into cryptography and blockchain, not just the work of one guy. The utopian dream of cryptographers and free trade advocates was to have a limitless decentralized currency based on a blockchain. Nowadays, their dream has become a reality with the growing popularity of bitcoins and other altcoins around the world.

Now the cryptocurrency was first deployed on the basis of a consensus blockchain in 2009, and in the same year it was traded for the first time. In July 2010, the price of bitcoin was only 8 cents, and the number of miners and nodes was much less compared to the tens of thousands now.

Within one year, the new alternative currency rose to $ 1 and became an interesting prospect for the future. Mining was relatively easy, and people made good money by making deals and even paying for it.

Within six months, the currency doubled again to $ 2. Although the value of bitcoin at some point is not stable, but it has for some time demonstrated this pattern of insane growth. In July 2011, at one point, the coin was lucky, and a record $ 31 was reached, but soon the market realized that it was overvalued compared to the profits made on the ground, and returned it to $ 2.

In December 2012, healthy growth was $ 13, but soon enough the price was to explode. In the four months to April 2013, the price rose to a whopping $ 266. It later corrected to $ 100, but this astronomical price increase first brought it to fame, and people began to discuss the real real scenario with bitcoins.

Around that time I was introduced to the new currency. I had doubts, but the more I read about it, the more it became clear that the currency is the future, because it has no one to manipulate and impose it. Everything had to be done with full consensus, and that is what made it so strong and free.

Thus, 2013 was a breakthrough year for the currency. Large companies began to publicly advocate for the adoption of bitcoins, and the blockchain became a popular subject for computer science programs. Back then, many thought that bitcoin served its purpose, and now it will calm down.

But the currency became even more popular: ATMs for bitcoins were created around the world, and other competitors began to exert their forces at different angles of the market. Ethereum developed the first programmable blockchain, and Litecoin and Ripple began themselves as cheaper and faster alternatives to bitcoin.

The magic figure of $ 1,000 was first broken in January 2017, and has since quadrupled by September. This is a really great achievement for a coin that cost just 8 cents just seven years ago.

On August 1, 2017, bitcoin even survived the hardfork and has since grown by almost 70%, while even bitcoin cash has managed to achieve some success. All this is due to the attractiveness of the coin and the stellar blockchain technology behind it.

Although ordinary economists claim it’s a bubble and the whole crypto-world will collapse, it’s just not true. There is no such bubble, as it can be observed that he actually ate shares of fiat currencies and money market corporations.

The future is extremely bright for bitcoins, and it is never too late to invest in it in both the short and long term.

Bitcoin Buying Guide – A simple 3-step guide to buying your first bitcoin

Looking for a guide to buying bitcoin? I wonder where to start? People have many misconceptions about bitcoin – the first widely known and accepted cryptocurrency in the world.

Many people think, for example, that only hackers and shadow people use it. However, in reality bitcoins go basically with everyone from TigerDirect, ending with Expedia.com and ending with Dell and even Subway, accepting payments in bitcoins.

Why so popular?

Well, bitcoin has many advantages over other currencies. For example, you can send someone a bitcoin as a payment without going through a bank intermediary (and get extra fees). It is also much faster than sending money by bank transfer or wire transfer. You can send someone a bitcoin and get them to receive coins in seconds.

With all this, it is not surprising that many people are now trying to buy bitcoin for the first time. However, it’s not as easy as going to your bank and withdrawing bitcoin – or going to the store and grabbing a little earned money for bitcoin.

The system works somewhat differently than this. This Bitcoin Buying Guide will cover a few things you need to know before buying so that you can buy safely and securely.

First of all, although the price can exceed $ 2,000 per coin, you don’t need to buy whole bitcoins. In most places you can buy portions of bitcoin for only $ 20. So you can start small and go from there when you feel more comfortable working.

Second, this article is for general purposes only and should not be construed as financial advice. Bitcoin can be risky, and before making any purchase, consult with a financial advisor to find out if it is right for you.

So, here are 3 simple steps to buying bitcoins:

# 1 Get a bitcoin wallet

The first thing to do before you buy coins is to get a virtual wallet to store the coins. This wallet is a string of text that people can use to send you bitcoins.

There are a number of different types of wallets, including the ones you download to your phone or computer, wallets online and even offline, cold wallets.

Most people prefer to purchase a wallet on their phone or computer. Popular wallets include Blockchain, Armory, Bitgo MyCelium and Xapo.

Usually it’s just like downloading a wallet to your phone as an app or downloading software to your computer from the main wallet site.

# 2 Decide where to buy

There are several types of places to buy, and each is somewhat different. There are online sellers who will sell you bitcoin directly for cash (either a bank transfer or a credit card).

There are exchanges where you can buy and sell bitcoins from others – similar to the stock market. There are also local exchanges that connect you with sellers in your area who want to sell.

There are also ATMs where you are going to buy cash and deliver coins to your wallet in minutes.

Every bitcoin seller has its advantages and disadvantages. For example, ATMs are great for privacy, but they will charge you up to 20% up to the current price, which is ridiculous. (At a BTC price of $ 2,000 it’s $ 400! So you pay $ 2,400 instead of $ 2,000).

No matter where you decide to buy, be sure to research and contact a reliable seller with a good reputation and strong customer service. Buyers will have questions for the first time and may need additional support to help them make the first transaction.

Take your time and explore different places to buy before making a decision. Factors to consider include coin prices, additional fees, payment method and customer service.

# 3 Buy bitcoin and transfer it to your wallet

Once you have found a place to buy, prepare your funds (i.e. you can send a bank transfer or use Visa to top up your account). Then wait for a good price. (Bitcoin prices always fluctuate around the clock, without weekends). Then place your order when you are ready.

Once your order is filled and you have the coins, you will want to send them to your wallet. Just enter your bitcoin address and get the seller to send you your bitcoin. You should see how they display in your wallet in a matter of minutes-hours (depending on how fast the seller ships them).

Voila, you are now the owner of bitcoins. You can now send coins to pay for other goods and services, or hang them on a rainy day.

The last thing to remember: bitcoin is still in its infancy. There are huge price fluctuations, and the currency can be risky. Never buy more bitcoins than you can lose.

Benefits of the Panaesha Capital Exchange (PCEX)

The cryptocurrency market boom in 2017-2018; the total market capitalization of cryptocurrencies last year reached $ 700 billion. With the huge market potential offered by cryptocurrencies, digital currency trading is thriving, and several crypto exchanges have been launched during the year and are still under development. Crypto exchanges are platforms on which traders can exchange cryptocurrencies for other cryptocurrencies or share money.

Panaesha Capital Exchange (PCEX) is a platform for cryptocurrency trading, which should be launched in the 3rd quarter of 2018. PCEX is secure, fast, provides high liquidity and uses a brokerage channel for added security. The platform is the only trading solution; offering both cryptocurrency for cryptocurrency exchange and cryptocurrency for fiat currency transactions.

Benefits of PCEX

Multifunctional sharing platform

Many crypto-exchanges, even well-known platforms, only support crypto-to-crypto transactions, forcing traders to operate on multiple exchanges. Crypto-traders first buy cryptocurrencies for cash money on a specific platform and then distribute the currencies across multiple trading platforms to provide liquidity and profits. To convert digital currencies to fiat, traders can choose only a few platforms. PCEX is a comprehensive solution that offers high liquidity; crypto-traders can conduct all their trades on one platform and will also be provided with significant profits.

High liquidity

To help increase the liquidity of digital assets on the PCEX platform embodies all the key attributes of fast exchange;

Simple user interface to simplify the transaction process. PCEX is built similarly to the National Stock Exchange format for dating.

Low transaction fees (PCEX insists on a very small number of trading fees on the platform).

A complex buying and selling procedure with an excellent matching mechanism. Trade orders will quickly match on the platform.

Match order of high caliber

PCEX users are offered a restricted trading procedure so that they can buy or sell assets at the price they set; the corresponding engine will try to boost sales by comparing users ’trade with the best price for a limited time. The time limit will be set by traders, after which the trading order will be removed from the platform. PCEX has the ability to quickly pick up orders through an excellent order matching mechanism.

Affordable fee

To trade on PCEX, crypto-traders will charge only two fees: a transaction fee and a withdrawal fee. The transaction fee on PCEX is much lower than the fee on other platforms that offer similar services. Much of the transaction fee goes to PCEX brokerage and sub-brokerage companies; the platform will get a smaller section cut.

Brokerage and sub-brokerage channels

Brokers and sub-brokers for crypto-trading are a unique feature of the PCEX trading platform. Traders on crypto-exchange platforms typically face poor customer support and slow response times. PCEX corrects this shortcoming by using a fleet of brokers and sub-brokers who personally assist traders in every trade. A single point of contact will be designated for PCEX traders, to whom they can turn at any time for assistance. No dark response period can be associated with PCEX.

Through a brokerage channel and exceptional services PCEX is committed to building long-term relationships with users. The broker channel also adds a level of security to the platform.

High security

By the way, PCEX has several layers of security. The platform has a Clark-Wilson security architecture model to ensure data integrity. The security system will check the acceptance of the information on the PCEX to avoid data breaches together. Secure operations on the platform require the auditors to cooperate; devices and IDs are available to protect the website. PCEX provides crypto-traders with an impenetrable level of security and protects the identity and digital assets of traders from hackers and accidental losses.

All users, brokers and sub-brokers on PCEX must complete the KYC / AML protocol; PCEX is preparing to adopt any rules that may arise in the future. Traders can also be assured of legitimate behavior on the platform.

Conclusion

Cryptocurrency trading is an unstable atmosphere, and prices peak and fall almost every day. Price volatility depends on country or state rules, security, acceptance by digital currency providers, major players, etc. Cryptocurrency trading provides much higher returns than a traditional exchange; early investors in cryptocurrencies made profits in the millions in 2017-2018.

To support the growing demand for digital currencies and platforms for trading digital currencies, PCEX uses an advanced framework with full-service tools. Everything a crypto-trader needs to run a smooth and easy trade is available on PCEX. In fact, PCEX goes further.

Explore the new and exclusive crypto exchange at http://www.pcex.io.

The market collapses to zero against the index. Prices go to the moon

As the market approaches all-time highs, the general public is beginning to hear a steady barrage of Doomsday predictions along with their peers screaming that this is the beginning of a new bull market. Nowadays, you can go to a bookstore and find a few books that predict the end of the fractional banking system, and some go so far as to predict the end of the modern civilization as we know it. The announcement of a new bull market can be found in several print magazines and on many popular sites. Here’s my view of the situation: things are never as good as they seem, and are never as bad as people think.

The truth of the matter is somewhere between these two extremes.

Since short-term traders are where the market goes, it doesn’t matter much, at least from a trading point of view. Of course, the direction and speed of any movement in the market can have a profound impact on our personal lives. Let’s stick to the trade for now.

As the market approaches historical highs and the P / E ratio is on the high side, I think a prudent trader will be cautious when trading at highs of all time. Breaking trade to new highs all the time is a tricky business. The logical assumption would be to trade on the short side, right? No.

As a trader, we are chart traders, and a smart approach to this shaky market would be to trade what you see on the chart, as always. There may be cautious price spikes, both long and short, which should remind you that the powerful trading forces of both sides are preparing the final results of the market. However, we are chart traders and we are still trying to understand what the chart and market context shows.

So, should you change your trading style with all the noise we hear?

In my opinion, the right course is to continue trading as on any other day; but deep down I would have the idea that these are times of heightened emotion and I would have moved to the conservative side. Stick to your trading plan and keep in mind that unusual transitions both up and down become part of the trading equation.

As you have read, just when everyone is convinced that the market must fall, it continues to grow. Sometimes it explodes on the long side, this is called a worry wall climb, and the market can climb a worry wall much longer than your futures account can last. On the other hand, there are great opportunities for jumping minuses when bear traders begin to understand any weaknesses in the market. Your task is to be aware of and be aware that risk is now elevated, and to carefully avoid trading high-risk futures.

How long does hedging and short hedging work in futures trading

Futures trading is used every day by people who want to buy and sell different types of commodities such as corn, gold, wheat, lumber and many more. People trade these goods trying to make a profit by buying a low price and selling a high one. Rarely do people physically contain goods. Instead, commodities are represented by a simple piece of paper called a futures contract.

Futures contracts contain an expiration date that varies depending on the type of commodity being traded, but each contract lists how much a particular commodity is traded and the quality of that commodity. It sets out all the specific details, so there is no doubt as to what the trade is for. The contract must not be concluded before its expiration date and may be terminated at any time. In fact, it is unusual for some traders to cancel their contracts within hours of receiving them.

Traders are known as hedgers or speculators. Speculators are people who trade futures in an effort to make a profit. Hedgers are people who either produce or actually use the goods they trade. They trade futures, trying to either reduce price risk or set commodity prices. Hedgers can be divided into two different categories: short hedgers, which are also called sellers, and long hedgers, which are also called buyers. Basically, short hedgers want to keep prices from falling so they can sell high, and long hedges – to keep prices from rising, so they buy low.

Long-term hedging in futures trading is a transaction that protects against the possibility of increasing the prices of commodities traded in the future. This practice benefits both the buyer and the seller of the commodity being traded. Short hedging, on the other hand, does the opposite. This protects against the possibility of lowering the price of the commodity being traded, again in favor of the buyer and seller.

For those unfamiliar with futures trading and how it all works, this information can become very confusing. The good news is that all over the internet there is a wealth of information that can help you learn all the ins and outs of how futures trading works. There are endless examples of situations that explain in detail how futures trading will work in these specific situations. The examples also illustrate what would happen if prices suddenly increased or decreased, and the effects of these price fluctuations on these situations.

If you want to get involved in futures trading, it would probably be wise not only to explore as much as possible about how it all works, but you should also find an investment specialist and get their in-depth experience and advice on what exactly you need to do and where to start a good place.