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Should You Get Personal Loans Backed By Block Chain Technology?

For quite some time, banks have monopolized loan issues. On the other hand, by the time when cryptocurrency or block chain technology has gained prominence, people noticed that there’s a new alternative they can get. Now, it has become possible to acquire crypto loans on multiple p2p platforms online while using their cryptocurrency as the collateral.

Good Reasons to Consider Loans from Cryptocurrency

The question here is, why should you go against traditional Zebra loans and opt for this mushrooming option? In fact, there are many good reasons why and I am going to show you…

Reason #1: You do not sell your coins – oftentimes, to buy a car, house or just a pair of shoes, you’ll need cold cash. In this regard, you will be forced in selling your crypto and at times, do it at a low price. Rather, you simply need to acquire USDT loan with your digital currency and use it as collateral. Then after, pay it back when you have more crypto or perhaps, sell your digital currency for a higher price.

Reason #2: Liquidity – due to the fact that cryptocurrency backed loans are accessible worldwide, various p2p lending platforms were able to take advantage of higher liquidity compared to conventional banks. As a result, those who are interested to file for a loan can get a good deal easier and faster.

Reason #3. Get money when you need it – banks are known for its bureaucracy.

Normally, it is a nuisance but when you are having an emergency, it could be a matter of life and death situation.

With p2p lending platforms, it is removing middlemen from the equation. As a result, you can acquire loan faster without dealing with red tape.

Reason #4. It’s you who are setting the conditions – the beauty about p2p lending platforms is that, it enables the borrowers and lenders to agree on an individual loan offer and request. Thus, both parties get what they exactly want. It’s a win-win situation!

Reason #5: Security – p2p loan is secured when there’s a provided collateral. On the other hand, numerous platforms are setting LTV as well as margin call requirements in an effort to protect the borrower and lender. Having said that, if the price of collateral has gone up, the borrower can get some of their digital currency back on their digital wallet; however if it goes down, then the borrower will have to top up on their collateral.

Posted by Ness Shantel

Should You Invest In Cryptocurrency?

If you are interested in crypto coins or are hoping to gain some money with cryptocurrency, then you certainly have to consider getting into crypto signals as it does all the research as well as the difficult task for you while you sit back and relax.

But what are crypto signals? Crypto signals or crypto trading signals are suggestions on trade or ideas on trading to purchase or sell a specific crypto coin at a particular time and rate. These signals could be manually generated by a professional and practiced trader, or automatically wherein algorithms are traded and bots send the signals. These signals on crypto trading could be established on numerous factors like the current situation of the market, technical analysis, as well as recent reports, news and hearsays.

You could greatly benefit from these crypto signals only if they are reliable and hold a verified track record. If not, it would be best to do your own analysis of crypto trading charts since it will ultimately possibly bring about better and favorable results.

Benefits of Investing on Cryptocurrency

Why consider making an investment on cryptocurrency? The market on cryptocurrency has been on the rise at a very rapid pace and is making many individuals very wealthy. Recent rises in Bitcoin’s value have instituted cryptocurrency as a possible and feasible investment which could have a positive bearing on the mainstream investors’ trading practices – as well as on their wallets – across the globe. Furthermore, with the positive hype encompassing the technology on blockchain that supports it, cryptocurrency becomes and investment that is viable.

  • Invest and Earn Interest

Certain cryptocurrencies, such as bitcoins, are regarded as commodity money. Therefore, you could invest them similarly as you would a legal tender or fiat money. Similar to fiat money, interests are as well generated on this investment, hence holding some crytpocurrency allows you to make an investment and produce and earn interests. Additionally, as time passes, you could collect good returns as well at raised rates on your investment.

  • Accessibility

With cryptocurrency like Bitcoins, one isn’t obligated to bind their money in long-term financial plans to generate a profit. Relying on the amount of money being transferred over a cryptocurrency network, one could generate a profit in a short span of time. By itself, you could merely make an investment and make use of the generated interest for day-to-day transactions such as paying for groceries. This means that although it is invested, you are able to instantaneously gain access to your money for any financial transactions.

  • International Trade is made Easier

Currently national levels, although it is not generally regarded as a legal tender, by its very nature, cryptocurrencies aren’t bounded by transaction charges, exchange and interest rates, or any other levies enforced by a particular country or individual. Utilizing this P2P system of the blockchain technology, international transfers as well as transactions may be carried out without difficulties and impediments over fluctuations on currency exchange, and others akin to this.

  • Sole Ownership

Individual ownership is probably the ultimate advantage of cryptocurrency (unless you’ve authorized management and control of your wallet to an intermediary or third party). This means that you are the lone owner and holder of the private and public encryption keys that form your cryptocurrency address or network identity. Compared to a traditional banking system as well as a credit card system, you basically give a third party stewardship over your funds, wherein they could put into effect the command of life or death upon your assets or holdings. Accounts may possibly be closed without notice for infringements or breaches of the Terms of Service of a financial institution. This would entail the holder of the account to go through elaborate and complex processes so as to regain access and get back in the system.

Posted by Ned Queen in Cryptocurrency, Finance

Selling Bitcoins for Real Cash

Owning Bitcoins or any other form of cryptocurrency lets you use it in making direct payments from various companies. Furthermore, it can be sold on exchanges from which you can buy it. The entire transaction only takes minutes but it takes more time to make an actual withdrawal and have it sent to your bank account.

As you read this short article, you are going to discover a couple of ways to sell your cryptocurrency for money.

P2P Exchanges

P2P or Peer to Peer trading is a good alternative to sell your crypto for cash. Here, you have to make an account and be verified in order to confirm your identity. Once everything is set up, you’re now able to cash out coins in a direct manner.

The moment that you get the money, you can use it on wherever you like whether you buy tradelines from this source or whatnot.

Bitcoin ATM

If you are feeling uneasy on the previous method, then why not check out some crypto ATMs. These machines are connected online which lets you insert cash in exchange for cryptocurrrency which is given as paper receipts or moving the money into a public key on blockchain.

Retirement Account

A great number of retirement accounts or IRAs are being managed either by trustees or custodians in behalf of the investors. On the other hand, outside of conventional assets, there are other known opportunities that can be taken advantage of similar to real estate, tax lien certificates, promissory notes, private placement securities, gold and yes, even on Bitcoins as well as other cryptocurrency.

Bitcoin is extremely popular and widely used in today’s time.

Its fame has jumped up from the past few years since it broke out from the market.

Thing is, it’s still not that straightforward to obtain these coins and selling them in exchange for real-world currency may be more difficult.

A Simple Reminder

But if you do understand the content of this article, then you can at least arm yourself with the basic knowledge of cashing out your Bitcoin or whatever cryptocurrency that you own. Just a very quick reminder, be vigilant on the cashing process because there are some machines or frauds. People who are doing these sorts of things are taking advantage of other people’s innocence. So long as you have done your research, you will do just fine in exchanging your coins for money.

Posted by Ness Shantel

How Reliable and Dependable Cryptocurrencies are?

Cryptocurrencies are all over the place. In fact, it is in the rage and making people jump into the bandwagon. But the question that many people ask is are cryptos safe and secure? These are the primary questions that are running across the minds of investors, traders, opponents, regulators and supporters around the world. Bottom line however, cryptocurrencies can be hacked but it is safe too.

You can learn further about this subject by simply taking a look at this website https://gladage.com/bitcoin/trading/best-crypto-trading-bots/. If you wanted to, you can stay here and we’ll discuss further on this subject in the next lines.

Of course there are obvious risks and security vulnerabilities. We can’t use this as grounds to say that it is unsafe to invest in digital currency. Cryptocurrency and safety come hand in hand. When you act as your own bank, you will have to treat every single coin with extreme level of care.

With more and more hackers hacking their way on these coins, there are serious consequences for failing to apply the best practices in managing these coins.

Generally speaking, there are some who say that cryptos are nothing but a scam. Anyway, it could be a yes – for some reasons, they’re safe enough to invest and make money with. Here are handful of ways that you can fall on the latter.

Move Currency off Exchanges

The convenience of accessing your coins after logging into a website and almost instantly perform buy and sell is incomparable. However, it is the worst place where to keep your coins too. As per experts, you are basically using the cryptocurrency for the total opposite to what it is meant for. The record of your coins will be saved on a server which can be hacked at any given time.

Just think of this analogy, it is like putting your money into your pocket and putting it in a bank. Your money may be safe inside a bank but once it’s robbed, goodbye.

Religiously Do Backups

Smartphones get lost and laptops and computers were designed to last until it breaks down at some point. Since you’re holding and controlling your digital currency in these devices, it is essential to perform a backup of your wallet. This way, no matter what happens, you can easily retrieve your coins.

Posted by Ness Shantel

Cryptocurrency : What are Altcoins?

Altcoins, which is short for Alternative Coins are the other types of cryptocurrency we can use in the world of decentralized financial transactions. Altcoins were introduced much later after bitcoin, around 2013. Albeit built and working on the same framework by which bitcoins are recorded and transacted, their introduction as alternative cryptocurrency was meant to address discerned limitations of bitcoins, as a medium of exchange outside of financial institutions and regulations.

Hundreds of altcoins arrived, but not all remained or stayed long enough in the cryptocurrency market like Ethereum, Litecoin, Ripple, Dash, Cardano and ZCash, just to name a few. To have an idea if a certain type of alternative coin has chances of achieving growth and stability as a digital currency, it would be best to understand the significance of their respective market capitalization.

What is Cryptocurrency Market Capitalization?

Similar to investing in shares of stocks, the cryptocurrency market capitalization depends on the value per coin and the number of coins circulating in the cryptocurrency market, if more will invest and use a type of altcoin, the greater the market capitalization and potential for growth.

Cryptocurrency Market Capitalization = Price per Coin x Total Supply of Coins in Circulation

Now if there is an increase in the supply of a cryptocurrency, chances are there will also be an increase in the price of the token. Some investors may venture into buying a low-priced, small cap altcoin, which therefore increases the supply in circulation. In exactly the same way, if the supply in circulation decreases, the price per token and the market capitalization also goes down.

The upward or downward trend in market capitalization of an altcoin therefore, indicates whether there is growth or the opposite.

Let us cite Litecoin as example, being one of the most popular altcoins currently in use. This digital currency had a market capitalization of $3.32 billion and price per token of $57.37 in August 2018; denoting that at that time, 58, 207, 830 Litecoins were in circulation.

Now as of this writing (June 13, 2019) Litecoin has a market capitalization of 8.38 billion. The increase of $5.06 billion between August 2018 and June 2019), denotes that there were corresponding increases in the Litecoin supply in circulation during the period. The supply of Litecoin in circulation rose to 62,198,601. As the related demand for Litecoin increased, the price of this altcoin soared to $134.6123 per token.

Litecoin’s popularity and resulting growth is mainly due to its quicker-settlement attribute. As alternative cryptocurrency, a Litecoin transaction can be settled in 2 and ½ minutes, which in contrast to bitcoin takes 10 minutes.

Posted by Madelina Feliks in Cryptocurrency

Top 5 Popular Cryptocurrency

Despite the fact that Ethereum and Bitcoin have nearly dominated the headlines with regards to cryptocurrency investment, still there are roughly 1500 crypto-assets that are in circulation. And believe it or not, this figure keeps piling up as the day passes by.

With the immense popularity that it has today, using these digital currencies to buy and sell goods and services have become possible.

So don’t be surprised if you can use it for paying mortgage on lainaa netistä or when shopping products over the web.

Every cryptocurrency has a minute difference in its function and make-up. This is exactly what we are going to know in this article.

Bitcoin

This has become a household name for cryptocurrency. At the moment, there are more than 16.8 million tokens that are in circulation against the current capped limit of 21 million. Its market capitalization significantly varies on a day to day basis but it hits a record high of over 200 billion dollars.

Bitcoin cash

 

This was first launched in the summer of 2017 which was an offshoot of original Bitcoin. Yet, it was able to climb the sky and become among the hottest and most traded cryptocurrency in the market.

Litecoin

This is otherwise known as little brother of Bitcoin. Litecoin has a strong resemblance with its older sibling. However, this has faster transactional speed and at the same time, with a higher token limit of 84 million. The mining process on the other hand is memory intensive and the market cap is about 1/20th the size of Bitcoin.

Dogecoin

You can easily recognize the image of this cryptocurrency from the dog Shiba Inu which was derived from the “Doge” meme on the internet. It was introduced initially as a parody but it was so hot that it had its own community. At the beginning of 2018, Dogecoin has a market capitalization of 2 billion dollars.

Ethereum

This cryptocurrency has been labeled as a decentralized app provider. It was developed originally as “world computer” super network with the goal of eliminating third-party companies in app creation.

Applications that are made on Ethereum are on distributed public platform wherein miners can get “ether” that fuels the network.

Posted by Ness Shantel

How Cryptocurrencies Can Be Financially Favorable To Your Business

Marketing, whether online offline, represent the undertakings carried out by a company or business to advocate the purchasing, selling or trading of a product, merchandise or service. This includes advertisement, sale, and delivery of products to customers and/or other companies and businesses.

A funnel, like those by Hustle Life, is built to improve marketing and would take a prospective customer throughout the entire process from the discovery of your brand or business, to the regular procurement of your products. The purpose is to build a system that is highly automated system and quantifiable at any and every point in the in the procuring journey of your customer. Funnels consist of electronic mails, landing pages, as well as content offers. You would miss opportunities on sales without a funnel since these are utilized to direct traffic into leads and which turn into sales.

In the marketing trade, cryptocurrencies as well have already made a substantial impact on the industry to improve marketing, even though specialists work on realizing the pros and cons involved. Actually, there are those who would debate that cryptocurrencies would eternally alter and transform the industry of finance and marketing.

Cryptocurrency Defined

Cryptocurrency is a type of blockchain technology, wherein bitcoins as well as other distributed ledger systems are built on. Blockchain is database that is open and shared and works in a network format that is decentralized. Basically, it is an enormous ledger of transactions. It permits users of cryptocurrencies to anonymously add and transfer information into it, without compromising security. So, how can the industry of finance and marketing gain from cryptocurrency and the blockchain technology?

Cryptocurreny Helps in Finance

Unstable cash flow is one of the challenges that every business encounter and marketing agencies as well are not insusceptible to it. Cryptocurrency could be the way out. It has certain financial advantages and less tangible benefits. Using digital currency, bitcoin for example, as a payment alternative for consumers could be in a lot of ways be favorable to a business.

  • Fees are lessened.

Payments done by means of credit card could be costly, with banks as well as payment processors usually acquiring a 3% to 5% cut. Digital currencies could in fact lessen such charges to not more than 1%. For bitcoins cash, charges or fees are typically below one cent.

  • Chargebacks are eliminated.

Transactions via cryptocurrencies are irreversible. This means that returns or chargebacks, which are usual with payments completed via credit card, are eliminated.

  • Transactions are swift.

Receiving cryptocurrencies as payments can also considerably expedite or speed up global transactions at the same time as reducing fees or charges, which is perfect for online sellers.

  • Immediately accessible.

Unlike bank-owned payments, there isn’t any waiting period for a third party-dependent. This implies that as soon as payment via cryptocurrency is successful, the amount transacted is already in your digital wallet and could be accessed straightaway. You could convert your digital currency into your local currency fiat at any time you want.

These are just a few of the many benefits of cryptocurrencies that individuals in the marketing industry could enjoy. Therefore, it is worthwhile for marketers to make time to fathom the transformations taking place in the marketing world and how cryptocurrencies could considerablt benefit you and your business.

 

Posted by Ned Queen in Cryptocurrency, Finance

The Way Economists are Seeing the Impact of Cryptocurrency in a Nation

Cryptocurrency is getting its fair share of popularity and market interests. Today, there are increasing number of businesses and companies that are accepting cryptocurrencies as another method of payment. With trial and error as well as deeper knowledge in such, it gives investors confidence like WOT Asia and several other private institutions to use and navigate through cryptocurrency market.

A Start of New Era

Both blockchain empowered solutions and blockchain technology itself are now revolutionizing value exchange mechanism. In traditional methods of performing financial operations and government issued currencies that are backed by financial institutions similar to banks, this is literally a big hurdle they have to overtake. It isn’t longer possible to minimize or disregard the existence of cryptocurrency. This is true now that it is quite popular in people around the world.

But the question is…

What are the possible impacts of cryptocurrencies on global economy?

Let me give you a couple of points to ponder

Challenging the Dollar

US Dollar is the leading and dominant currency for quite some time. Also, it is the reserve currency of world’s economy. This is integral in centralization of global market. With this in mind, the world is sure to experience its wrath when a negative development transpires in US financial market.

Crypcurrencies like Bitcoin, Ethereum, Ripple and the likes are decentralizing financial transactions. It’s not reliant on US Dollar or any other currency for that matter. With the continuous growth in adopting cryptocurrencies, global market might no longer have to depend heavily on US dollar. This is going to change the landscape of foreign relations, most specifically, how we do financial trade. Furthermore, if other governments jumped into cryptocurrency market, it may potentially weaken the influence of US in the world.

Risk to National Currencies

Monetary policy of a given state is given thorough consideration. It’s not really a surprise for this has big impact on currency exchanges, rates of interests as well as money supplies. This additionally has an effect on several other things similar to the unemployment and inflation rate.

Values for cryptocurrencies aren’t tied to national currencies. At the same time, there’s no body of government that is overseeing it. Therefore, it’s safe to say that cryptocurrency is free from monopoly or control. If people begin to rely on cryptocurrencies than on national currencies, then this will cripple various countries as well as their economy. Arguably, this may put the economic independence of countries in question.

A Possible Solution

With these potential threats, government-backed cryptocurrencies may become possible in near distant future. Countries might opt to create cryptocurrency of its own in developing autonomy from world’s financial system.

Posted by Ness Shantel

Make Entreprenueral Headway by Venturing into Bitcoin ATM Operations

Bitcoin ATMs are fast becoming in demand in almost all major cities in the world. The U.S. is currently at the forefront, with approximately 60% of all global Bitcoin ATMs, operating in nearly all American regions. At present, New York City is in the lead for having the highest number of Bitcoin ATMs in operation.

Apparently, the world is becoming cryptocurrency friendly, with bitcoin as the most popular virtual currency in use. In fact, cryptocurrency is fast making its way into becoming a mainstream mode of payment, where acceptance of bitcoin in exchange for goods and/or services is now common among enterprises trading in or out of the Internet.

Potential Growth of Bitcoin ATM Operations in Other American States

The rising popularity of cryptocurrencies is actually attributable to its viability as a lucrative form of tradable investment, in view of its fluctuating value.

Although some U.S. cities are seeing only a handful of Bitcoin ATMs in their midst, increase in numbers is possible. The virtual currency machines will prove to be good for the business, particularly in states that have high concentrations of small to medium enterprises (SMEs) accepting bitcoins as payment for products and services. Arizona for one, has great potential for a Bitcoin ATM venture, seeing that the City of Tucson has been experiencing tremendous growth in almost all business sectors.

The only perceivable reason why cryptocurrency investors are taking cautious steps in bringing their Bitcoin ATM to Tucson, is the lack of specific state regulations governing the use and trade of bitcoins. Regulations tend to vary per state, where most statutes include requiring MSBs involved with operating Bitcoin Machines, to have a surety bond in addition to other legal business requirements.

Legal Document Preparation in Tucson – is likely to be complicated and it would be best therefore to employ providers of legal and accounting services. Doing so will eliminate guesswork, and will ensure the processes involved will run smoothly and in order. After all, lack of virtual currency statutes in Arizona, does not necessarily mean prohibition or deregulation, because there are U.S federal laws and regulators governing virtual currency matters.

Federal laws and state laws prevail, unless there is language specifying the prevalence of one over the other.

Overview of Federal Laws Governing Bitcoin

Installing and operating a Bitcoin ATM requires registering the business with the Financial Crimes Enforcement Network, more popularly known as FinCEN. It is a bureau of the U.S. Treasury Department, tasked with collecting and analyzing information related to the financial transactions of a business. That is because, FinCEN’s main directive is to combat threats posed by domestic and foreign money laundering activities, terrorist financing, and other modes of financial crimes.

Section 314(b) USA PATRIOT Act: Financial institutions with the ability to share information with one another, under a safe harbor that offers protections from liability, to best identify and communicate indicators of potential money laundering or terrorist activities.

On a federal level, Bitcoin ATM operators have to register with FinCEN as a Money Services Business or MSB. An MSB for virtual currencies is further sub-classified as an “exchanger.”

FinCEN registration must be completed within 180 days prior to start of operation, to which registration must be renewed every 2 years.

As MSBs, operators of virtual currency ATMs are required to maintain and monitor records of transactions, as well as report particular information related to FinCEN’s task of detecting and preventing money laundering and terrorist financing activities.

Moreover, MSBs must collect and conduct verification of information supplied as identity and background of their respective customers. That being the case, operators are required to develop and implement a ‘know-your-customer” (KYC) method and policies for verification.

Additionally, an MSB has to institute its own anti-money laundering (AML) program comprising 1) Internal Controls and Procedures, 2) a dedicated Compliance Officer, 3) a sound Hiring and Employee Training System and 4) initiative for periodic and on-demand Independent Audits.

Posted by Madelina Feliks in Cryptocurrency, Finance

The Things One has to Know before Investing in Bitcoin

You might have not known much about blockchain technology or cryptocurrencies but you sure do heard about Bitcoins. Bitcoin is a cryptocurrency that was founded back in 2009 and served as the basis for all cryptocurrencies globally. This is the first and at the same time, biggest cryptocurrency with a value reaching over 3,000 dollars.

With so much buzz and hype revolving around Bitcoin, there are a lot of people who do whatever it takes to get their hands on it.

This is true even if it mean them to take a bad credit loan.

Given the fact that it’s the very first digital currency ever introduced, it brought drastic change in the interest of various organizations, investors and companies. It’s open to everyone and a decentralized digital currency to which can be utilized for various purposes be it trading, selling or buying goods and services. If you too are like everyone else who want to tap the power of Bitcoin and make a fortune out of it, then I suggest that you keep on reading.

Bitcoin Investment 101

First and foremost before being too excited to have Bitcoins, you must secure a digital wallet. This stores your Bitcoin or any cryptocurrency you want to have. It uses a secret number and private key to have access to your Bitcoin. It’s more like an encryption tool.

There are two kinds of digital wallets:

  • Software Wallets – these are applications that can be linked to your bank account.
  • Hardware Wallets – these wallets store private keys on a hardware device, hence the name. It can be anything like a hard drive or a USB device.

Now You are Ready

 

After buying Bitcoin, you also need to exchange a fiat currency. Thus, after setting up a digital wallet and the payment method as well, that’s the only time when you’ll be ready to buy and exchange Bitcoins.

Now to the real question, is Bitcoin a viable investment? Definitely! Everyone is aware of it and being a decentralized currency, it only means that there’s no central authority is controlling it. No banks or governments can stop your payment or close your account. It’s an assurance that Bitcoin will live long and this is going to change the landscape of how we are doing business.

Posted by Ness Shantel

Is It Smart To Invest In Bitcoins?

Bitcoin is probably the world’s most talked about currency, though it’s still a wonder to many. Let’s change that and cover a quick overview of Bitcoins. Here is all you need to know about Bitcoin before you even start trading them. Bitcoin, like the euro and the dollar, is a currency used to pay for goods and services online. As opposed to traditional currencies, Bitcoin features the following:

  • It follows a decentralized system where no government or central bank has control over the currency source.
    Bitcoin is entirely digital which means there are no physical coins or paper bills to represent bitcoins. Bitcoins are regularly monitored by blockchains which constantly update records that trace the history of each Bitcoin generated.
  • Bitcoins are linked with a wallet ID instead of your own personal details, however, this does not necessarily make it completely anonymous.
  • Bitcoin started in 2008 by Satoshi Nakamoto. This person released a paper speaking about how Bitcoins can potentially work and after a year it began being mined and traded.

People are so fascinated by Bitcoins because there are no middlemen like banks that charge too many fees. Because it prevails fully on the web, transactions are done entirely by the use of wallet IDs contrary to using your personal information.

Bitcoins can be purchased

You can easily purchase bitcoins using cash, credit or debit cards, or through wire transfers. However, before making a purchase, you will want to set up a bitcoin “wallet” from which the wallet ID is based on. This is simply a place to keep your bitcoins, much like your wallet keeps your money, cards, and other personal IDs.

Bitcoins can be mined

Bitcoin mining is much like mining gold online and thus the term mining. The process makes use of bitcoin trading bots such as those found in Pheeva.com. With banknotes, the government makes the decision as to when is it best to print notes and disperse funds, however, Bitcoin does not have any central regulator, that’s why anyone can mine bitcoins online.

Is it wise to invest in Bitcoin?

Be aware that investing some of your savings on Bitcoin is not the same as investing in the stock market. Having bitcoins is not similar to keeping money in banks.

Wall Street does not trade bitcoins and it also cannot be purchased or sold by brokers. So anything and everything is entirely up to you. Because of its irregular nature, Bitcoin is constantly fluctuating in price and occurs more often than other currencies. If you do not like the risk, you should consider a safer investment than Bitcoin. There is also no real value like gold. The value of bitcoin is what people think. Considering this, its value can be a bit daunting.

Seeing that the number of bitcoins is restricted and Bitcoin is no longer going to be generated after 2040, the idea of diving into some investment is a good idea and it could help broaden your portfolio. The future of Bitcoin is bright but bound on a risky path. Sometime soon, the government may purchase Bitcoin to be stockpiled like gold. This can have a lot of negative effects, but it means that the limited bitcoin would surge in demand.

Reminders when investing in Bitcoins

The most wide-spread type of investment in Bitcoins to buy and stick to Bitcoin and hope that it appreciates in value so that you could make a sale. As with all investments, you must not invest more than what you are willing to lose. Bitcoin is still a very dangerous investment. The key thing to consider when purchasing Bitcoins is to purchase only via reputable exchanges.

One more important reminder is to avoid purchasing all Bitcoins in one transaction. Instead, make use of the dollar cost averaging approach to purchasing fixed amounts on a monthly, weekly, or daily basis. This allows you to buy the largest bitcoin when the price goes up, and the least bitcoin when the price goes down.

Posted by Laney Seward in Cryptocurrency

What the Future Holds for Cryptocurrency as Investment?

Electronic currencies are stored in banks electronically. This is one of the basic explanations for digital currency or also known as cryptocurrency. Given the fact that 80 percent of world’s currency is still using paper money, most of it is stored in banks and has a digital counterpart. Right from the time it was introduced, it evolved from being used to conduct business, to the main channel of e-commerce. Well, it seems that nothing can stop its evolution and serve an all-new purpose of using digital currency.

Believe it or not, the very first cryptocurrency ever created was on the time when internet is revolutionizing back in the onset of New Millennium.

It’s coined as E-Gold which was founded by Gold & Silver Reserve Inc. in 1996.

This has enabled users to electronically transfer small value of gold. Then come the spring of 2000, it has become the very first electronic currency to provide exchange service among other countries.

Couple of years prior to the launching of PayPal, it was able to snatch over a million accounts. Then in 2006, Liberty Reserve lets it client to start converting their Dollars or Euros to Liberty Reserve money. Sad thing is, it wasn’t that long before goons and dishonest individuals discovered this method and take advantage of it to make shady transactions online. Thus, the US Government had to shut down websites that are offering these types of services.

Differences Between Cryptocurrencies, Digital and Virtual Currencies

While increasing number of banks are starting to realize the advantages of electronic banking, virtual currencies are operating as an independent money to which the value is made by original backer. On the other hand, you ought to know that virtual currencies have different forms and among the most famous is Bitcoin. It’s funny because it doesn’t fit any specification or category and instead, it encompasses aspects of all 3 forms of electronic currency.

Digital currency is different since this is a type of money backed up by assets with worth that’s equivalent to real world value. The fact that world’s money is stored in computers as digital money, it can be said that most of the world’s currency has gone digital.

Strengthening the Foundation of Knowledge in Cryptocurrency

Cryptocurrency is a form of electronic money to which every transaction are encrypted and decrypted to push through. It uses block chains in order to store data and link together effectively as it function as ledgers and promotes consistent data monitoring. Aside from transferring encrypted cryptocurrencies, there are many functions associated to it as well. For one, it can be used as a form of investment like trading in VIPsignals crypto as if you’re trading using real money in stocks.

Posted by Ness Shantel

Blockchain: Understanding Its Significance to the Security of Cryptocurrency Transactions

Blockchain may seem a bit confusing when trying to know your way around cryptocurrency transactions. Yet a clearer understanding of its significance, will give you greater confidence when entering into deals that allow or require cryptocurrency payments such as bitcoin.

The term blockchain in its simplest meaning refers to digital information stored in a database of cryptocurrency transactions. That is why other blockchain definitions refer to it as the public ledger, as every block includes a record of the (1) date, (2) time (3) amount transacted, and (4) the username of the the person initiating the bitcoin payment, and of the person or entity who will receive thè specified bitcoin amount.

A blockchain, as the term denotes is something larger than just of a single, linear digital information. It comprises multiple transactions linked or chained together and recorded as if appearing as one page of a physical ledger. A blockchain though does not have a standard size like a ledger page, but it can store as much as 1 MB of data coming from multiple bitcoin transactions.

However, not all information of a digital currency or bitcoin transaction entering the cryptocurrency database, immediately becomes part of the chain comprising a blockchain. Certain conditions must be met before one gets stored as a component of a blockchain.

When Does a Block Become Part of a Blockchain?

A block of digital information becomes legitimate public ledger entry only if it has been verified, conformed and transformed as component of a blockchain.

First off, if you are the sender of a bitcoin payment you must have a private key known only to you. You obtained a private key when you received that bitcoin, also by way of a transaction that went through your cryptocurrency network.

Private Key vs. Public Key Validation

A private key is a specific code that gives you the legitimate ownership and authorization to use, or send that specific bitcoin to a bitcoin peer in the same network. A private key though, gives you legitimate ownership of the bitcoin only if it is compatible with a public key generated by the database. If a private key and the public key do not make a match, then the bitcoin transaction is invalid and will not be broadcasted in the network as a legitimate bitcoin transaction.

Although a private key validates your transaction, digital currency procedures require confirmation by a third party who will attest to the legitimacy of the transaction. This is where bitcoin miners come into the picture, because their job is to make mathematical computations that will confirm or counter-check if such a transaction has indeed transpired within the network.

Confirmation by Bitcoin Miners

Currently, best practices recommend at least 6 confirmations to be regarded as sound guarantee that the broadcasted bitcoin transaction is legitimate. A confirmation is evidenced by a hash produced by way of mathematical computation, making it unique and attributable only to the block representing the bitcoin transaction. Moreover, that same hash will link with the hash of the most recent block that càme in as new addition.

Each block therefore, once appearing in a blockchain will be difficult to alter or modify. Anyone attempting to do so, has to tamper with several unique hash data linked together as codes of a block.

Posted by Madelina Feliks in Cryptocurrency

Cryptocurrency in New Zealand

The blockchain world is always an interesting emergence. New Zealand is very close to all these improvements and developments. Nevertheless, General manager of FintechNZ, James Brown thinks that New Zealand can become the world’s blockchain central because NZ is naturally keen to technology.

Find out what is cryptocurrency here.

The Crypto Blockchain Sector in New Zealand

There are many people who don’t always link the blockchain development to New Zealand. Given the country’s status as a global center for technology development, this is a bit unusual. At this point, the blockchain facade has been fairly calm. That scenario will eventually change, as outlined by FintechNZ’s James Brown. He believes that this developing technology will continue to have a significant influence.

Simultaneously, New Zealand seems to be paying more and more attention to this technology. Currently, startups have demonstrated a strong fascination in this technology. Not long ago, Blockchain Lab NZ drew even more than 410 million New Zealand dollars because of its ICO listing. All this demonstrates very obvious attention in distributed ledgers.

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Furthermore, there will be a handful of interferences in the industry of online rating and reviews. This will be achieved through some of New Zealand’s technology stars. The leaders in the industry are certain that the right way forward is the positive rating and reviews for the blockchain industry. Positive reviews and ratings can bring in added trust while consistently enabling users to keep a particular level of privacy when rendering data.

New Zealand Citizens Are Concerned About Cryptocurrency Bitcoins

Although countries outside New Zealand are enthusiastic about blockchain, there exist very few working products as of today. It takes time to build these new facilities. Simultaneously, the buzz around this concept has been occurring for a while. It’s time to bring actual use instances to market to demonstrate the possibilities of this concept.

Only a few people recognize that Cryptopia is a New Zealand exchange. The system is known primarily for its altcoin transactions and it is regarded as one of many smaller programs. Nevertheless, they currently have almost 1.5 million clients, a remarkable number for the industry. It really is clear that New Zealand ought not to be forgotten when it comes to cryptocurrency and blockchain.

The main issue is the manner that the local government of NZ act in response to these ongoing developments. Thus far, it appears that the government officials stay open on this matter. Blockchain professionals countrywide hope that the federal government will provide assistance to speed up the acceptance of this concept.

Posted by Laney Seward in Cryptocurrency

Cryptocurrency or Digital Currency: How Much Do You Understand and Know About It?

Transacting by way of bitcoins is an undertaking that requires a whole lot of understanding before a person gets the confidence to enter into cryptocurrency transactions.

First off, it is not the same as paying real cash to another party through a bank or via an ewallet to complete an online transaction. Here, a cryptocurrency payer needs to be part of a network of peers or persons agreeing to pay and receive payments by way of cryptocurrency.

What is Cryptocurrency?

Cryptocurrency represents value of money that was paid or received by a peer to another, then entered as a transaction in a database of entries. In order to send cryptocurrency as payment, the payor or sender of the cryptocurrency must be the holder of a private key that validates his or her right to send that amount of cryptocurrency to a peer.

The recipient peer, on the other hand, will receive his own set of codes that will serve as his private key. That set of key will then give him the right to use the cryptocurrency received for his own future cryptocurrency transaction.

Every private key assigned to a transaction that has been entered in the cryptocurrency database must match a public key. Take note that entries in the database cannot be altered or modified unless that particular condition is met. Otherwise, an invalid private key cannot create a valid cryptocurrency transaction.

Presently, the cryptocurrency widely used is the bitcoin. Persons wishing to use cryptocurrency as means of sending payment must first buy a bitcoin value using real money.

How to Buy Bitcoins

The simplest way to buy bitcoins is to buy them from a reputable bitcoin trader that usually deals with bitcoin exchange transactions. Since real money must be paid in order to acquire a sum of bitcoin by way of credit or debit card, a first time buyer must make certain that he is buying from a legitimate site.

Usually a legitimate bitcoin dealer will sell only minimal amounts, e.g. $50 or less. So once a purchase has been made, the transaction enters the cryptocurrency database. The buyer then receives a private key that will allow him to use the bitcoin for whatever purpose it will serve him.

If a bitcoin buyer wishes to store bitcoins, maintaining a bitcoin wallet is advisable. Here, a person can easily keep track of how much bitcoin he owns, as well as determine the actual real money value of his stored bitcoins.

At some point in time, he may also want to sell some of his bitcoins at a higher price than its actual cost in order to gain profit. However, the value by which a bitcoin is sold depends on the current free market exchange rate, which means the current price index that most bitcoin buyers are willing to pay in exchange for real money.

Posted by Madelina Feliks in Cryptocurrency