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Has Cryptocurrency Become Every Indian’s Dream Investment?

Rich rewards often involve great risks, and the same is true with the highly volatile cryptocurrency market. Uncertainties in 2020 in the world led to an intense interest of the masses and large institutional investors in the trading of cryptocurrencies, a new age asset class. The rise of digitization, the flexible regulatory framework, and the removal of the supreme court ban on banks dealing with crypto-based companies have parked investments of more than 10 million Indians in the last year.
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Several major global cryptocurrency exchanges are actively scouting the Indian crypto market, which has shown sustained growth in daily trading volume over the past year amid a large drop in prices as many investors have seen the purchase of value. As the cryptocurrency frenzy continues, many new cryptocurrency exchanges have arrived in the country that allow you to buy, sell and trade by offering functionality through user-friendly applications. WazirX, India’s largest crypto trading platform doubled its users from one million to two million between January and March 2021.
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What drives the world’s largest crypto exchanges to the Indian market?

In 2019, the world’s largest cryptocurrency exchange by trading volume, Binance acquired the Indian trading platform, WazirX. Another crypto start up, Coin DCX has secured investment from Seychelles-based BitMEX and San-Francisco-based giant Coinbase. Crypto and blockchain startups in India have attracted investments of USD 99.7 million as of June 15, 2021, which was about USD 95.4 million in 2020. Over the past five years, the global investment in the Indian crypto market has increased by 1487%.
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Despite India’s unclear policy, global investors are placing huge bets on the country’s digital currency ecosystem due to a variety of factors such as
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• Tech-savvy Indian population

The predominant population of 1.39 billion are young (median age between 28 and 29 years) and tech-savvy. While the older generation still prefers to invest in gold, real estate, patents, or stocks, the newer ones embrace high-risk cryptocurrency exchanges because they are more adaptable to them. India ranks 11th in Chainalysis’ 2020 report list for global crypto adoption, which shows the excitement for crypto among the Indian population. Not even the less friendly attitude of the government towards crypto or the rumors that revolve around crypto are able to shake the confidence of the young population in the digital currency market.
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India offers the cheapest internet in the world, where a gigabyte of mobile data costs around $0.26 while the global average is $8.53. Therefore, nearly half a billion users are taking advantage of affordable Internet access, which increases India’s potential to become one of the world’s largest crypto economies. According to SimilarWeb, the country is the second largest source of web traffic to the peer-to-peer bitcoin trading platform, Paxful. While the mainstream economy is still struggling from the “pandemic effect”, cryptocurrency is gaining momentum in the country as it provides the young generation with a new and fast way to earn money.
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It is safe to say that crypto could become to Indian millennials what gold is to their parents!

• Rise of Fintech Start ups

The fortune of cryptocurrency has led to the emergence of many trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin, and many others. These crypto exchange platforms are highly secured, accessible on different platforms, and allow instant transactions, providing a friendly interface for crypto enthusiasts to buy, sell or exchange digital assets without limits. Many of these platforms accept INR for purchases and trading fees as low as 0.1% so the simple, fast and secure platforms present a lucrative opportunity for both first-time investors and local traders.
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WazirX is one of the leading cryptocurrency exchange platforms with over 900,000 users providing customers with peer-to-peer transaction capabilities. CoinSwitch Kuber provides the best cryptocurrency exchange platform for Indians and is ideal for beginners as well as everyday practitioners. Unocoin is one of the oldest cryptocurrency exchange platforms in India which has more than one million traders through mobile applications. CoinDCX provides users with more than 100 cryptocurrencies as an option to trade and also provides investors with insurance to cover losses in the event of a security breach. So, global investors are paying attention to the plethora of cryptocurrency exchange platforms in India to take advantage of the emerging market.
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• Mixed government response

The legislative bill regarding a ban against a virtual currency that criminalizes anyone engaged in possession, issuance, mining, trading and transfer of crypto assets may be enacted into law. However, Finance and Corporate Affairs Minister Nirmala Sitharaman allayed investors’ concerns, saying the government has no plans to completely phase out the use of cryptocurrency. In a statement given to a leading English newspaper, Deccan Herald, the Finance Minister said: “From our side, we are very clear that we have not closed all the options. We are allowing some windows for people to do experiments on to the blockchain, bitcoins. , or cryptocurrency”. It is evident that the government is still scrutinizing the national security risks presented by cryptocurrencies before deciding to put a complete ban on it.
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In March 2020, the Supreme Court overturned the decision of the central bank to prohibit financial institutions from dealing in cryptocurrencies, which prompted investors to accumulate in the cryptocurrency market. Despite the persistent fear of the ban, transaction volumes continue to swell, and user registration and money flows in the local crypto exchange have become 30 times from a year ago. One of India’s oldest exchanges, Unocoin added 20,000 users in January and February 2021. Zebpay’s total volume per day in February 2021 was equivalent to the volume generated in the entire month of February 2020. Addressing the cryptocurrency scenario in India, Finance. Minister said in an interview CNBC-TV18, “I can only give this clue that we are not closed our minds, we are looking for ways in which experiments can happen in the digital world and cryptocurrency.”
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Rather than sitting on the sidelines, investors and stakeholders want to do their best to proliferate the digital currency ecosystem until the government introduces the ban on “private” cryptocurrency and announces the sovereign digital currency.
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Is India moving towards financial inclusion with cryptocurrency?

Once considered a “Boys Club” due to the predominance of the male population in the cryptocurrency market, the growing number of women Investors and traders has led to more gender neutrality in the new and digital form of investment methods. Earlier, women used to stick to traditional investments, but now they have become risk takers and are venturing into the crypto space in India. After the apex court clarified the legality of “virtual currency”, the Indian cryptocurrency platform, CoinSwitch witnessed a 1000% exponential increase in its female users. Although women investors still make up a small percentage of the crypto community, they pose a fierce competition in the Indian market. Women tend to save much more than their male counterparts and more savings means more diversity in investments, such as high-yielding assets like cryptocurrencies. In addition, women are more analytical and better at evaluating risks before making the right investment choices, so they are more successful investors.
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Increase mainstream institutional adoption of Cryptocurrencies

The uncertainty and panic caused by SARS-Covid 19 led to a liquidity crisis even before the economic crisis began. Many investors converted their holdings into cash to safeguard their finances, which resulted in the collapsed prices of bitcoin and altcoins. But even though the crypto suffered a major crash, it still managed to be the best performing asset class of the year 2020. With the increased vulnerability of the system and the loss of confidence in the policies of the central bank and money in its current design, people have an increased appetite for digital currencies which has resulted in the rebound of cryptocurrency. Due to the stellar performance of cryptocurrency in the middle of the global financial crisis, the uptrend has strengthened the interest in the virtual currency market in Asia and the rest of the world.
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In addition, to feed society’s demand for convenient and reliable transaction solutions, digital payment gateways such as PayPal have also shown their support towards cryptocurrencies that can allow consumers to hold, buy or sell with virtual assets . Recently, the CEO of Tesla, Elon Musk, made an announcement of the investment in the cryptocurrency market worth 1.5 billion USD, and that the electric company will accept bitcoin from buyers, which led to an international jump of the bitcoin price from USD 40,000 to USD 48,000 in two. days Two of the largest platforms for making payments in the world, Visa and Mastercard have also approved cryptocurrencies by introducing them as a medium to make transactions. While Visa has already made the announcement to allow transactions with stable coins on the Ethereum blockchain, Mastercard will start transactions with crypto sometime in 2021.

What does the future hold for the Cryptocurrency market in India?

The Indian cryptocurrency market is not immune to the terrible crypto crashes. Despite huge investments from global counterparts, local investors still keep distance from crypto investments due to uncertainty about the legality of the digital currency ecosystem in India, as well as high volatility of the market. Although the cryptocurrency market has been growing since last year, Indians own less than 1% of the world’s bitcoin, which creates a strategic disadvantage for the Indian economy. The Indian government plans to appoint a new panel to study the possibility of regulating digital currencies in the country, as well as to focus on blockchain technology and propose technological improvements.

The ability of blockchain technology to provide a secure and immutable infrastructure has been realized by various industries to instill transparency in transactions. For a country with more than 15 million cryptocurrencies in use, the new recommendation from the committee could hold great value in determining the future of cryptocurrency in India. However, stakeholders believe that technical and economic power will make India a key player in the crypto and blockchain market. Little by little, cryptocurrency is gaining mainstream acceptance, which could lead to higher adoption of digital currency.

According to another TechSci Research Report on “The Cryptocurrency Market India By Offering (Hardware and Software), By Process (Mining and Transactions), By Type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others), By End User (Banking, Real Estate, Stock Exchange and Virtual Currency), By Region, Forecast & Opportunities, 2026″, India’s cryptocurrency is expected to grow at a significant CAGR due to the growing demand for transparency and reduced transaction costs. Also, the growing adoption of currency digital and growing blockchain technology are fueling the cryptocurrency market in India.

A brief introduction on how to buy Bitcoins as a trading currency these days

Being a popular form of currency, bitcoins are gaining acclaim in the world today, so many people have shown their interest in buying them. Although many financial leaders suggest people not to indulge in this form of crypto-currency, because of its fluctuating value, but it is accepted at a fast pace. To buy bitcoins, one can sign up with the wallet system for free by filling in all the details online or download a mobile application and start investing in them. Once people have the simple bank payment method could be used to exchange. However, since security is the first factor, it is necessary that these wallets remain safe and that is why one should be able to choose a bitcoin service such as the basic currency wallets that are of high standard and easy to use

Although an online wallet is a convenient method to buy bitcoins, there are many other options, such as selecting a bitcoin trader. It is also important to choose the right one as there are traitors and one must be careful of them. While there are numerous established exchanges that offer wallet services to users while looking for a bitcoin wallet system the individual should opt for one that has a multi-signature facility. Users can also use the bitcoin exchange search in the respective computers or mobile phones and by putting some general information, such as writing the name of the country, the person can find a wide range of exchanges available in the world and check its current. status Users can also use the liquid money they have since there are many options available in the market, such as local bitcoin services that help users exchange with money. Such areas allow users to visit the nearest bank branch to deposit the amount of cash and receive the bitcoins after some time.

Many people believe that bitcoins represent a new era of digital currency and are often confused with them. However, since the system of the bitcoin chain is completely computerized, it is quite simple and easy to buy and use them especially they are hell cheap when it comes to international transactions. Since exchanges require a variety of payment processes such as credit or debit cards, buyers can also shop online by opening an account based on the respective geographic location. Once the exchanges receive the payments after verification, they would save the bitcoins on behalf of the individuals and submit them to the respective wallets. For this, they pay some taxes. The whole process can be time consuming. Many people who learn to buy bitcoins can also use the PayPal method for financial interaction.

Bull Market Early or Bear Market Trap?

For investors of virtual currency, the most important question is whether this round of the price of the currency is a recovery of the bull market or a trap of the bear market.

Yesterday evening, Bitcoin experienced a rising price in just one hour. The price rose from the violence of about 6,800 US dollars to a maximum of 8,100 US dollars. It increased by almost 20% during the day. Under the leadership of Bitcoin, other virtual currencies also led a strong rebound, with a single currency gaining even more than 50%. Faced with the collective heating up of the virtual currency market, many investors are shouting that “the bull market is back”.

According to data from the CoinMarketCap website, the market value of Bitcoin increased by almost 20 billion US dollars in one day, and the entire virtual currency market also experienced a general market growth. There was no “search” effect. According to the daily transaction volume of Bitcoin more than 9 billion US dollars, there should be billions of incremental funds that entered the market yesterday, instead of stock funds.

In fact, at the time of the Bitcoin boom, Bitfinex, a digital currency trading platform, also recorded a number of large purchases. With the increase in the purchase of Bitcoins, many shorts were forced to close their positions, further expanding the upward trend of the market. For this phenomenon, Nick Kirk, data director of Cypher Capital, also expressed his approval. At the same time, I also believe that this strong rebound is more likely to be the response to the release of the first regulatory pressures.

Pantera Capital Management, one of the largest digital currency hedge funds in the world, said that Bitcoin has touched. The US dollar 6,500 is the low point for the Bitcoin bear market. Bitcoin will be above this price for most of this year and may even exceed the record high of 20,000 US dollars last year.

Fundstrat founder Tom Lee also expressed confidence in Bitcoin. I believe that the current Bitcoin P/B ratio and other indicators are almost the same as the end of the 2014 market, and it has formed an important technical correction. Based on this, he said that the value of Bitcoin can rise more than three times this year and will rise to 25,000 US dollars at the end of this year.

Historical data shows that Bitcoin has really risen in the second quarter of the calendar year. In the second quarter of 2011, Bitcoin rose as much as 1964%, 36.25% in 2012 … 61.98% in 2016 and 131% in 2017.

Of course, OTC Bitcoin volume is also showing signs of market recovery. Since March, Bitcoin trading volumes in Canada, Europe, Vietnam, Mexico and Vietnam have risen and reached record highs.

With the subsequent admission of major financial institutions, such as the hedge fund giant Soros and the family of the Rockefeller financial group, the financial dimension of the virtual money market will be further expanded.

However, it is worth noting that, although Bitcoin is currently on a strong rise, it is still in a trend channel and has not yet been effectively broken. It remains to be seen if the virtual currency market is really reversed. Investors are always careful and attentive to the management of positions.

More importantly, the world’s leading Bitcoin markets, including the United States, have sought to establish a regulatory framework. The uncertainty of the regulation will inevitably have a major impact on the short-term development of the virtual currency market. In the long run, an orderly and healthy market can go even further.

Practical tips on how to trade cryptocurrencies

For some time now, I have been closely observing the performance of cryptocurrencies to get a sense of where the market is headed. The routine that my elementary school teacher taught me – where you wake up, pray, brush your teeth and have your breakfast changed a little to wake up, pray and then hit the web (starting with coinmarketcap) just to know in which crypto assets are in. the red

The beginning of 2018 was not good for altcoins and related assets. Its performance was hampered by frequent bankers’ opinions that the crypto bubble was about to burst. However, ardent followers of cryptocurrency are still “HODLing” and truth be told, they are reaping big.

Recently, Bitcoin retraced to almost $5000; Bitcoin Cash is close to $500 while Ethereum has found peace at $300. Practically every coin has been hit by newcomers who were still in a phase of excitement. As of this writing, Bitcoin is back on track and trading at $8900. Many other cryptocurrencies have doubled since the upward trend began and the market capitalization is resting at $400 billion from the recent peak of $250 billion .

If you are new to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on how to trade cryptocurrencies

• Start modestly

You’ve already heard that cryptocurrency prices are skyrocketing. You have also probably received the news that this upward trend may not last long. Some opponents, especially bankers and esteemed economists are generally forward to call it as get-rich-quick schemes without stable foundation.

Such news can make you invest hastily and fail to apply moderation. A little analysis of market trends and worthy currencies to invest in can guarantee good returns. Whatever you do, don’t invest all of your hard earned money in these assets.

• Understand how exchanges work

Recently, I saw a friend of mine post a Facebook feed about one of his friends going to trade on an exchange that he had zero idea about how it works. This is a dangerous move. Always check the site you intend to use before you sign up, or at least before you start trading. If they provide a dummy account to play with, then take the opportunity to learn how the dashboard looks.

• Do not insist on trading everything

There are more than 1400 cryptocurrencies for trading, but it is impossible to deal with them all. Spreading your portfolio to an enormous number of cryptos than you can effectively manage will minimize your profits. Just select a few of them, read more about them, and how to get their trading signals.

• Stay sober

Cryptocurrencies are volatile. This is both its harm and its benefit. As a trader, you have to understand that wild price swings are inevitable. Uncertainty about when to make a move makes one an ineffective trader. Leverage hard data and other research methods to be safe when executing a trade.

Successful traders belong to various online forums where cryptocurrency discussions regarding market trends and signals are discussed. Of course, your knowledge may be enough, but you need to rely on other traders for more relevant data.

• Diversify significantly

Virtually everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies with real-world uses. There are a few crappy coins you can deal with for quick cash, but the best cryptos to deal with are the ones that solve existing problems. Coins with real-world uses tend to be less volatile.

Don’t diversify too early or too late. And before you make a move to buy any crypto-asset, make sure you know its market capitalization, price changes and daily trading volumes. Maintaining a healthy portfolio is the way to reap big from these digital assets.

Crypto Currencies Volatility, a Profitable Rollercoaster

This year we can observe that cryptocurrencies tend to move up and down even by 15% of the value on a daily basis. Such price changes are known as volatility. But what if … this is totally normal and sudden changes are one of the characteristics of cryptocurrencies that allow you to make a good profit?

First of all, cryptocurrencies made it to the mainstream very recently, so all the news and rumors about them are “hot”. After every statement by government officials about possible regulation or banning of the cryptocurrency market, we observe huge price movements.

Second, the nature of cryptocurrencies is more like a “store of value” (as gold was in the past) – many investors consider these as a backup investment option to stocks , physical assets such as gold and fiat (traditional) currencies. The speed of transfer also has an influence on the volatility of the cryptocurrency. With the fastest ones, the transfer takes even a few seconds (up to a minute), which makes them an excellent asset for short-term trading, if currently there is no good trend in other types of assets.

What everyone should keep in mind – that speed also applies to the life trends of cryptocurrencies. While on regular markets, trends can last months or even years – here it happens in several days or hours.

This brings us to the next point – even if we are talking about a market worth hundreds of billions of US dollars, it is still a very small amount compared to the daily trading volume compared to the traditional currency market or stock. Therefore, a single investor who makes 100 million transactions on the stock exchange will not cause a big price change, but at the scale of the cryptocurrency market it is a significant and noticeable transaction.

Since cryptocurrencies are digital assets, they are subject to technical and software updates of cryptocurrency functions or expansion of blockchain collaboration, which make them more attractive to potential investors (such as the activation of SegWit basically caused the value of Bitcoin to double).

These combined elements are the reasons why we observe such huge price changes in the price of cryptocurrencies in several hours, days, weeks, etc.

But to answer the question from the first paragraph – one of the classic rules of trading is to buy low, sell high – therefore, have short but strong trends every day (instead of weaker ones that last weeks or months like ‘and in stocks) gives much more chances. to make a decent profit if used properly.

The reason for Bitcoin Crash

We all know a time when 1 BitCoin was worth more than $13,000, then suddenly it dropped and now it is worth only $6,000.

People never seem to know and understand the reason behind these drops and I will explain that to you.

There was a total amount of BitCoin generated from the beginning by the developers at the beginning and since it became valuable, there was a need to generate more. Didn’t you get it right? Let me explain better.

So imagine from the beginning that bit coin developers generated 10,000,000 BitCoin at first. Now these 10,000,000 BitCoin circulate to individuals, so when the 10,000,000 BitCoin was already owned by individuals all over the world it started to increase in value.

Now the developers saw that their crypto currency gained more value, but fewer individuals had it, there was a need to generate more for more individuals.

And what better way is there to generate more BitCoin?

If

1 BitCoin = $13,000.

So what

10,000,000 BitCoins = $130,000,000,000.

So there is $130,000,000,000 in the Internet.

So the idea came to the developers!!

We fail the price of BitCoin, use the remaining amount to generate more BitCoin.

It is:

Since BitCoin has built $130,000,000,000 on the internet, cut the price and generate more.

I mean

1 BitCoin = $13,000 then Now

1 BitCoin = 6000$

So from 1 BitCoin, 2.2 BitCoin can be generated.

Now the question is where is the newly generated BitCoin?

It’s everywhere on the internet!!!

It’s on every website you go to.

It’s on every social platform.

It is everywhere in the world!!

It is in North America.

It is in South America.

It is in Africa.

It is in Asia.

It is in Europe.

It is scattered everywhere!!!

All you have to do is to start Mining it.

Now how do you start mining these cryptocurrencies?

There is a lot of BitCoin Mining software that I recommend Web’Miner.

It is a software developed by an organization in China “Soft Tech Geeks”. I use it a lot, I Mine whenever I want and I do a lot from it.

Some will say, why share it now?

Some will say, if it’s so easy why not just Mine? So you can get it all for yourself.

Well, the developers are smart, they put a mining limit. The idea was not for a single person to have, or for a particular group of people.

The idea was for everyone, anywhere in the world to own these cryptocurrencies.

If you need help to mine Bit Coin, you can contact us

SOFT TECH GEEKS

softtechgeeks@gmail.com

Thank you

Should you buy Bitcoin?

As the current world front runner in the Crypto Currency market, Bitcoin has made some serious headlines, and some serious fluctuations in the last 6 months. Almost everyone has heard of it, and almost everyone has an opinion Some cannot fathom the idea that a currency with any value can be created from nothing, while some love the idea that something without government control can be traded as a valuable entity in its own right.

Where are you on the “Should I buy Bitcoin?” Fence probably boils down to one question: Can I make money from Bitcoin?

Can you make money from Bitcoin?

In just the last 6 months, we have seen the price go from $20 a coin in February, up to $260 a coin in April, back to $60 in March, and back to $130 in May. The price has settled at around $100 per Bitcoin, but what happens next is anyone’s guess.

The future of Bitcoin is ultimately based on two major variables: its adoption as a currency by a wide public, and the absence of prohibitive intervention of the Government.

The Bitcoin community is growing rapidly, interest in the Crypto currency is spreading dramatically online, and new services are accepting Bitcoin payments more and more. Blogging giant WordPress accepts Bitcoin payments and Africa-based mobile app provider Kipochi have developed a Bitcoin wallet that will enable Bitcoin payments on mobile phones in developing countries.

We have already seen people make millions on the currency. We are seeing an increasing number of people experimenting with living solely on Bitcoin for months on end, while recording the experience for documentary viewing.

You can buy takeaway in Boston, coffee in London, and even a few cars on Craigslist with Bitcoin. Bitcoin searches took off in 2013, with the April rise and subsequent fall in the price of Bitcoin. Last week, the first major acquisition of a Bitcoin company was made for SatoshiDice, an online gaming site, for 126,315 BTC (about $11.47 million), from an undisclosed buyer.

This rapid growth in awareness and adoption looks set to continue, if confidence in the currency remains strong. Which leads to the second dependency. Government regulation.

Although specifically designed to work independently of Government control, Bitcoin will inevitably be affected by Governments in some way. This must be the case for two reasons.

First, to achieve high levels of adoption, Bitcoin will need to be accessible to a large number of people, and this means spreading beyond the realms of hidden transactions to normal everyday transactions for individuals and businesses. Second, these Bitcoin transactions could become a traceable part of people’s taxable wealth, to be declared and regulated with any other type of wealth.

The European Union has already stated that Bitcoin is not classified as a fiat currency, or as money, and as such, it will not be regulated in its own right. In the United States, the system of 50 states and the number of bureaucratic bodies involved has inevitably made decisions more difficult, with no consensus reached so far. Bitcoin is not considered as money as such, but it is considered as money.

A prosperous Bitcoin market in the United States has a more uncertain future for now, and any conclusive legislation in the United States could have a very positive, or very negative effect on the future of Bitcoin.

So, should you buy Bitcoin?

The answer depends mostly on how risk averse you are. Bitcoin certainly will not be a smooth investment, but the potential of this currency is huge.

Continue with Bitcoin

Bitcoin is a cybercurrency that has attracted a lot of media attention in recent years, and continues to do so. Bitcoin was created by an anonymous group or individual in 2009, who used the pseudonym Satoshi Nakamoto, after which the smallest unit of currency Bitcoin is named. It is the first and undoubtedly the most well-known cryptocurrency. Originally only of interest to the internet elite, Bitcoin has gained wider appeal in recent years and commands respect in its own right on the foreign exchange.

How does Bitcoin work?

The finer details of how Bitcoin works can be difficult to understand, because it is not under central control like a conventional currency, but instead each transaction is approved collectively by a network of users. There are no coins or notes, no bullion held in a vault, but the Bitcoin supply is finished, it stops at 21 million. Every 10 minutes, 25 Bitcoins are found by Bitcoin “miners”, and every 4 years the number of Bitcoins released will be halved until the limit is reached. This means that there will be no more release of Bitcoins after 2140.

Why do I need Bitcoin news?

The price has historically been very volatile, with significant peaks and slumps at intervals. Recently, the price of a Bitcoin jumped more than 10 times in just two months. In 2013, many Bitcoin Millionaires were made overnight when the value of their Bitcoin portfolios increased dramatically. If you already have some bitcoins in your digital wallet, or are thinking about dipping a toe in the water, then you really should keep up with Bitcoin News. Bitcoin trading is an increasingly popular alternative or add-on to conventional foreign currency trading, and is growing in support as more brokers take the plunge.

Despite the gradual decline of Bitcoin discovery, interest in Bitcoin news continues. There is a real and constant demand for up to the minute, reliable information about its value. Bitcoin has received a strong endorsement from PayPal recently which will certainly strengthen confidence in its credibility as a reliable alternative to conventional bank cards or cash transactions on the Internet and on the high street. This could go some way to appease Bitcoin’s critics, who say that the system used to approve or validate transactions, called Blockchain, is not secure and vulnerable to attack by hackers.

Bitcoin and how to make money with it

Hello,

This is my first article here, so I hope this is okay, I have to share some points bitcoin and blockchain.

For those of you who don’t know Bitcoin let me put it this way, Bitcoin it is a currency that cannot be controlled by any bank or any government, it is basically a virtual currency and can be bought online with real money. So, apart from being a decentralized currency, what are its advantages, well you can transfer. bitcoin anywhere in this world without many fees, you can be 100% anonymous while making transactions thanks to a technology called blockchain.So what is the big thing about this you may ask, well what will I tell you when the first launch has absolutely no value, but now 1 bitcoin = 6,689.35 $ which is quite an impressive growth isn’t it?.

So, how to grow this thing, you may ask, well let me tell you how to support a blockchain there must be something called a ledger where all the transaction must be noted and to become a block in a blockchain a hashing function must be solved. and produce bitcoin resolved hashes are called Mining Bitcoin.

To solve the hashing function typically people used graphics cards, but as time went by bitcoin became more difficult to mine and a dedicated hardware called ASIC miners was introduced.

So people who spend their time and money to mine bitcoin will be rewarded in bitcoins and as more and more people become part of this blockchain its value will increase.

so how can i make money with bitcoin, there are two ways

1.you can exchange bitcoin/altcoin (any cryptocurrency other than bitcoin is called altcoin, yes there are thousands)

2.you can mine them on your own

Both methods have their advantages and disadvantages, because bitcoin is controlled by no one, it is extremely unreliable one day it can be worth 10,000$ and the next day it can fall to 100$. Trading essentially means buying bitcoin for real money and praying that its price goes up and sell when it went up.This approach is very risky and you can end up losing money instead of making a profit.

Or you can choose to mine bitcoins, but here is what you should consider, the mining hardware is super expensive and mining requires a lot of electricity, also the mining difficulty is getting higher every day, so you won’t be able to get some profit without initial high. investment

That said, bitcoin trading and mining are two good ways to make money if you know what you’re doing.

Cryptocurreny – The future of money

What is Bitcoin?

Answer: Bitcoin is a digital product, (Method of Payment / currency / Merchandise / Digital Gold) that was created in 2009.

Who owns Bitcoin?

Answer: Bitcoin is a network. It is not owned by a person or a bank. The creator of Bitcoin is called Satoshi Nakamodo.

How does the value of Bitcoin increase?

Answer: There are many factors that determine the value of Bitcoin, below are the two main factors that influence its growth once launched in the open market:

1. One of the factors is the Usability of the currency – Bitcoin has more than 250’000 merchants, the more Bitcoin is accepted and used worldwide the more its value increases.

2. Supply and demand- Only 21million Bitcoins can be generated, but the demand is increasing. This has a positive effect on the value of Bitcoin. There are other factors that influence the price of Bitcoin, below we will state a few Government regulations, media influence, more acceptance, technological changes and advances, endorsements.

How does Bitcoin work?

Answer: Bitcoin is an Internet-based currency that ensures financial independence. It is used and marketed intelligently; using your mobile phone or computer. This is like having your own bank in your pocket.

Is Bitcoin the only digital product?

Answer: No Bitcoin was the first since the 700 other digital currencies were created and are used/accepted worldwide. However Bitcoin is the GOLD standard of digital products. He is the one who holds the most credibility. To buy any other digital currency, you must buy Bitcoin first.

Can Bitcoin be converted into normal local currency?

Answer: Yes and now you can go to an ATM locally and buy Bitcoin or withdraw local currency.

What is Bitcoin trading?

Answer: Trading simply means to buy low and sell high. The same concept is applied in Bitcoin trading, we have a smart system that watches the Bitcoin market 24/5 and automatically captures when Bitcoin is in its decline then it rises, the system buys and sells FOR YOU on behalf of your . The result is that you make healthy profits every day.

You paid in BITCOINS!

What are the returns/profits from this investment?

Answer: All profits are made in Bitcoins. This expansion is through our business operations and profits are generated every day. Based on any amount Invested for the tenure of 8 – 12 Months, the profits will be on average 70% to 90% in the form of Bitcoins. Considering the fact that Bitcoin prices increase over time with the increase in demand, the profits in fiat currency will be even higher.

What are the benefits of telling family and friends?

Answer: We encourage our investors to share their experience with their business circle. Each referred registration will guarantee the commission of 10% from the amount invested

How will profits be paid to investors?

Answer: Profits will be generated daily, but can be divided on a weekly or monthly basis as needed, and can be transferred to the investor’s bank account. The main profits are in the form of Bitcoins, but we convert these profits into fiat currency for market value for transfer.