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Bitcoin Pays a Mortgage

bitcoin-495996_960_720That was before the hollowing from the American job market caused it to be increasingly hard to get and keep a good-paying job, or that banks began promoting ‘refinancing’ to let folks live off the ‘extra equity’ in their houses, or that banks began selling subprime mortgages allowing individuals to buy into more house than they should happen to be able to manage – sustainable so long as interest rates did not increase!

And then the subprime market fell and sabotaged the entire economy, an event the world has still not only still not recovered from, but with another fall increasingly looking like it is in route. There’s little wonder that according to some reports 64% of Americans no more believe that owning your home is an excellent investment.

On this Fourth of July weekend, at least one person no longer has to concern yourself with his house as a result of an early and bright investment in Bitcoin.

2 years past for the cost of 1 monthly payment of my 30-year long mortgage I took a chance on bitcoin and purchased 300 bitcoins from a buddy. Yesterday I paid off my mortgage and have chosen the entire family out to celebrate on the 4th. Only wanted to express my thanks to the Bitcoin community. It’s amazing to feel debt free with this Independence day.

As an alternative to paying the bank each month for another few decades, I ‘ll put it back into buying back more bitcoins. This man took the threat with Bitcoin when it was even more unknown and undeveloped than it’s now, paying only six dollars per bitcoin, and is currently reaping the benefit.

Is this a chance for the a lot of people who right now out there fighting with home and other fiscal issues? Likely, no. It can be for some, however.

About the Bitcoin Marketplace

bitcoin-283611_960_720For those not comfortable with what bitcoin is; it’s essentially a digital money that no banking system as well as a government is necessary. Open source software can be used to control the trades. Even many retailers have began to take bitcoins. As an example, you can find an internet hosting service or even purchase a pizza with your digital money.

If you are trading in the bitcoin marketplace, it is possible to trade anonymously. The money isn’t tied to any specific nation and there are even no regulations designed for this. If you’ve got some savings, it is possible to invest that cash to purchase bitcoins and to get profit because the worth of the digital currency is forecast to go up.

The markets where digital monies are traded are called bitcoin exchanges. They’re the places where folks purchase and sell bitcoins by using the monies of the individual states.

You only want a wallet applications, start an account, and after that purchase bitcoins from the cash you’ve got in your account to be able to become prepared for the exchanges.

Folks are even transferring digital monies through their Smartphones. There are cellular programs accessible because of this function. You’ll be able to either buy bitcoins from on-line exchanges or get them from specific ATMs.

Mining is another alternative used in the digital money marketplace. This can only occur in 10 minutes.

Once you happen to be into the trading game, you’re going to get to keep your digital monies in an electronic wallet. It’s not essential for you to reveal your name as you are changing bitcoins. It’s intended to ensure seclusion of the trades. So, you can purchase or sell anything and nobody can track your trade. The digital money trades are confirmed through cryptography. It’s some mathematical algorithms, which could simply be solved by strong computing. That’s what ensures the system.

The system corrects itself by making the mathematical problems hard to solve and therefore, just particular number of bitcoins are given.

Checklist for Selecting a VoIP Provider

This new technology lets you save, phone calls, utilizing a high speed Internet connectivity through the planet using applications or hardware, various VoIP providers.

With so may opt for a VoIP companies, the questions ought to be requested to identify the most effective deal for your or your company.

Assess your hardware or bundle

Endless strategies are often supplied by any restrictions you phone a particular region, like Canada as well as America. These strategies may be somewhat pricier, but worth the value. Bundle strategies typically incorporate a specific amount of minutes per month, added fees once they are employed in the packaging of minutes. Weight your choices here and attempt to ascertain the number of local and long distance calls you at now.

Many businesses have these attributes added to their monthly service cost

Telephone number Most VoIP companies will let you buy additional virtual amounts would be the minimal monthly fee. What city and what would be the fees?

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Attribute

Wish to lock your yearly or monthly period of time. Bring focus on the conditions of the contract and find out whether there are fees for receiving the contract.

Is the business run A couple of VoIP companies offer incentives to join free cellphones, free first month of service, discount prices. Appraise it attentively, some firms are providing great savings for enrollment.

Contracts

More than a few companies would A couple of VoIP firms offer coupon or discount codes. Whenever choosing a provider company performs a Google search as well as the key word “coupon code”.

Sign up motivators

Calls to Europe or Asia may be not the same as the supplier’s supplier, and particularly mobile or cellular phone users. Identify international calls generally do research and international pricing for every

VoIP service provider and establish if additional hardware. Several VoIP providers enable the usage of VoIP adapters, which supply or are available in a retail store or using VoIP program, also called a soft phone.

Oftentimes, trustworthy routers, high speed internet connection as well as a standard telephone has everything required. This can be recommended, along with a broadband connection speed test.

Long distance fees

Is the company supplying the VoIP adapter or you need to purchase, rent or rental equipment. Should you get the gear and lock that one service provider? Many firms can also bring your hardware to make use of the service.

No More Passwords In The Future

In the beginning of the new year over 320 thausend E-mails and passwords had been stolen from cable firm Timewarner, which provided substantiation to the debate that simple password authentication has become nearly useless today. Companies and people need something more trustworthy to safe their accounts.

Not even close to being the worst instance of identity-theft, however, the Timewarner Cable needs to make changes right now. The truth is, it is fairly trivial compared to a few of the more serious instances we have found before year, for example, five-million consumer records stolen from gadget maker v-tech, the 2 1 thousand national worker records stolen in the Office of Personnel Administration along with the 80 million client records stolen from health care service provider Anthem.

In regards to stealing identities, hackers appear to have endless stash of weaponry, including bruteforce attacks, dictionary attacks, phishing, social-engineering, guy-in the middle, keyloggers, password re-sets from retrieval e-mails and wholesale theft of code words from data bases.

And when access is gained by hackers to our qualifications, our whole lives can be almost ruined by them by stealing cash or our advice, or by defaming us or publishing obscenities and profanity .

However, in terms of protecting code words, there is apparently no-end to the problems that one must prevent, including poor passwords, shared code words, unchanged passwords, default passwords… As well as in the event that you keep true to most of the security best practice, some matters continue including perpetrated your supplier would be to secure and protect your qualifications on its host from the control.

The predicament that is password isn’t old, , and it has been raised on several occasions in preceding years. On the other hand, the options provided have frequently turned out to be problematic within their particular manner, or high-priced and complicated.

Generally, we would rather keep on counting on on simple passwords for our accounts that are on-line. In light of the continuing growth of information- id fraud circumstances and violations, technology companies so are emphasizing strategies to reinforce and ease the paradigm that is password, or to get it replaced entirely, and are handling this problem in serious. Below are a few of the tendencies that are more recent which may alter our certification customs soon.

PIN Code & Program Token

While traditional two-factor authentication systems are actually filled with equipment difficulties or annoying user-experience, the pc software and FLAG symbol combines the ease of password entry using the additional safety of two-aspect authentication.

This can be the approach adopted by English technical company MIRACL through its new technologies, the M-Flag crypto program, a two-aspect authentication process that calls for a person-chosen four-n span FLAG and a connected computer software symbol to generate a special important that operates a no-knowledge proof validation process against its host.

The symbol is saved on mobile apparatus or the user’s browser, as well as the FLAG is known to an individual. The fact M-Flag shops no passwords to the host “will make password break n’ grab attacks a matter of yesteryear,” states Mark Spector, the firm’s Chief Executive Officer.

The engineering provides additional shields by releasing its grasp secrets between two DTAs (Distributed Trust Regulators), one being the client machine, where the host program lives, as well as the other being the principal MIRACL DTA. This further reduces identity-theft by requiring enemies to break four resources that are distinct for every single accounts they would like to compromise.

MIRACL gives M-Trap in a Java Script code snippet two flavours and collection inserted within web sites, or a cellular variant that enables access to be controlled by customers via a cellular program to their own accounts.

M-Flag will get its chance at delivering on its promise of enhancing both ease and protection, as it had been recently chosen by accredited identification assurance provider Experian to offer highly secure certification to numerous U.K. residents in a government-directed project targeted at supplying in a safe, risk-free and clear-cut way providers such as driving licence restoration and tax form submitting.

Two-Factor Authentication

Two-aspect authentication through bodily tips that are Hardware has existed for some time on pc computers, but devices that are mobile have not been fast to catchup. That’s shifted, as technical business Yubico established a physical apparatus that enables one to login to your own web accounts through Near-Field Communication (NFC) technologies.

Called NEO, the unit is designed to be used from the trunk of an NFC-enabled phone and exploited to support consumer credibility throughout log-in. The important creates a log-in signal unique to support and an individual at palm whenever it is pushed. After consideration accessibility continues to be verified through YubiKey, that accounts can stay authenticated for some time (with respect to the support), unless the company discovers unusual action, by which case the user will likely be prompted for YubiKey validation again.

YubiKey NEO additionally provides the identical several process assistance (OTP, U2F, P-IV, OpenPGP) as the YubiKey 4, meaning the device could be connected to PC Hardware plug-ins to be utilized as a normal real Hardware important throughout logins. A few of the top brands in the technology sector have well-received YubiKey, including GitHub, Drop-Box and Yahoo.

The YubiKey save no particulars that are personal and is associated with an accounts, meaning that the crucial to login back will be also needed by a person with with your certificate. The sole catch is the fact that you will have yet another device you need to prevent dropping.

Finger-Print Validation As A Service

With cloudcomputing getting more affordable and more cellular apparatus wearing finger-print readers, a Puerto Rican technology start-up, Qondado, is looking to calm the way for programmers to incorporate biometric validation by way of a main platform KodeKey is called by it within their internet apps.

The program, which comprises a web-service as well as a cellular program, enables customers to make use of that amount as well as a PIN for validation and scarves customers with their phones via biometrics. The authentication system could be built-into any customer website via an API or add-on (there is now a wp plugin available).

Users enter their telephone number in addition to the related FLAG in the login site; they later get a notification about the KeyKode program which encourages them to check their finger print. The web-service will simply permit entry to the accounts in the event the consumer is authenticated by the finger-print reader of the cellular. The program can be found on iOS and Android, but may just work on newer devices which have finger-print readers.

The organization expects to offer business-level protection for wireless providers, creditors, cable companies, banking and cloud solutions, and intends to come up with plugins to get an extensive array of systems later on.

cryptocurrency for online payment

Cryptocurrency As A Means Of Payment Of The Future?

Cryptocurrencies are at least partly responsible for the upheaval currently taking place on the international financial markets. Assessments of the potential of digital currencies vary widely. While some see them as the future of payment, others believe they represent a gigantic speculative bubble.

The Marshall Islands are the first (and at the same time almost the smallest) state in the world to plan to introduce cryptocurrencies as legal tender. Other states, such as South Korea or Japan, only accept Bitcoin as a means of payment. But what is the difference between an accepted and a legal tender? And do cryptocurrencies really have the potential to be accepted as a means of payment online and offline in the future?

General Information about Cryptocurrencies

Cryptocurrencies are digital currencies that are not issued by a central bank. Instead, the basis of these currencies is a peer-to-peer network. Characteristic of cryptocurrencies is therefore the absence of a regulating organization (e.g. central bank). Accordingly, there is no possibility of intervention by a higher-level organization.

The value of cryptocurrencies is determined solely by supply and demand, as they have no official equivalent value. The first digital coins were created with Bitcoin in 2009, and today there are several thousand cryptocurrencies. In addition to Bitcoin, Ethereum, Ripple and Litecoin are now particularly popular.

As a rule, cryptocurrencies use the so-called blockchain technology. This is a kind of logbook where it is recorded who owns the respective digital coin. The cryptocurrencies are created by calculating very complex mathematical processes (so-called mining).

Requirements for a Legal Tender

Meanwhile several countries have introduced Bitcoin as legal tender. For instance Japan and El Salvador. Even the Marshall Islands had already announced in July 2018 that they plan to do just that. But what is legal tender anyway? According to the German Bundesbank, legal tender refers to “the means of payment that no one can refuse to use to satisfy a monetary claim without suffering legal disadvantages.”

This means that every private person and every merchant must accept a legally recognized means of payment. In the euro area, euro cash is the only legal tender. Only the central banks are authorized to put this means of payment into circulation. While euro coins have only limited legal tender status (no one is required to accept more than 50 coins), euro banknotes are the only unrestricted legal tender.

At the current time, therefore, the introduction of cryptocurrencies such as bitcoin as legal tender in the euro area remains a distant vision. After all, this step would mean that everyone would have to accept Bitcoin as a means of payment without restrictions. And so far this is rather realistic for digital services bought online.

Distinction between Legal and Accepted Means of Payment

In addition to legal tender, there is also the concept of accepted means of payment. For example, Bitcoin is considered a legal, i.e. accepted, means of payment in South Korea, Japan and also in the Philippines. However, this only means that it is permitted to use the digital currency Bitcoin for payment transactions.

However, since this is not a legal tender, no merchant has to accept Bitcoin payment. But there are more and more industries online, especially in the field of software and privacy related services, where crypto payments get more and more common use.

digital service onlineMany people like to use cryptocurrencies to pay for their VPN service or their Smart DNS service, also if they just use it to watch Hulu when they are abroad or to get access to XBOX contents from other jurisdictions, just to name some concrete use cases for crypto payments online.

The status as an accepted means of payment results in particular in strict official regulation. In this case, for example, exchanges and financial service providers must adhere to government regulations, just as they do with other currencies. In Japan, for example, Bitcoin has been considered an accepted means of payment since April 1, 2017.

Since then, however, it has also had to comply with regulations on cyber security, share capital, as well as anti-money laundering laws and the “Know Your Customer” (KYC) principle.

However, there are also some countries where cryptocurrencies are illegal. These include Bangladesh, Ecuador, Bolivia, Qatar, and Kyrgyzstan.

Marshall Islands to Introduced Cryptocurrency as Legal Tender

The Republic of Marshall Islands is an island nation in central Oceania. With a population of just over 50,000, the Marshall Islands is one of the smallest states in the world. The island nation recently revealed that it plans to become the first state to grant legal tender status to a cryptocurrency – as early as the third quarter of 2018. Called “SOV,” it plans to release its own cryptocurrency via a so-called Initial Coin Offering (ICO). To prevent inflation, government officials have said that a maximum of 24 million virtual SOV coins will be brought to market.

The digital currency of the island nation, which is located between Australia and the USA, is to use the well-known blockchain technology, similar to the Bitcoin model. In order to acquire the tokens of the Marshall Islands, the investor has to legitimize himself to the government. The wallets will also be linked to an identity token. This is intended to prevent the misuse of cryptocurrencies, for example for tax evasion, money laundering or terrorist financing.

The Marshall Islands is not the first country to raise money from international investors with a state-owned cryptocurrency. Just recently, economically struggling Venezuela attempted to acquire funds with its own digital currency, “Petro.” According to the government there, the cryptocurrency is backed by one barrel each, or 159 liters of crude oil reserves.

However, since the Marshall Islands are insignificant in macroeconomic terms, there can be no talk of a major breakthrough of cryptocurrencies as (legal) tender here yet.

Transaction Costs and Speed as Arguments against?

In order for cryptocurrencies to establish themselves as a means of payment across the board, a high transaction speed is of great importance, among other things. Unfortunately, this seems to be (still) a major weakness of many cryptocurrencies. Bitcoin, for example, currently allows only 7 transactions per second (according to Segwit2x: 9.6 per second). Other digital currencies such as Ethereum or Bitcoin Cash also currently only manage 20 and 92 transactions per second, respectively.

By comparison, the e-wallet provider PayPal manages up to 450 transactions per second; the VISA credit card even up to 56,000 transactions per second. The transfer of cryptocurrency only takes so long because each transaction must be checked by the network (blockchain) and the payment validated accordingly. This process can take several minutes or even several hours – so it is certainly still too long for a retail payment. However, it should be noted that the transaction speed for cryptocurrencies is being optimized more and more.

Another decisive factor for whether cryptocurrencies are accepted as a means of payment is the transaction costs incurred. These differ depending on the digital currency chosen. For a Bitcoin transaction, 30 satoshis per byte are currently charged as a fee. On average, 225 bytes are required for an average transaction. This means that the transaction fee is about 6,750 Satoshi on average. Currently, 1 Satoshi = 0.00000001 BTC. Accordingly, the transaction fee is 0.0000675 BTC. The transaction fees are levied, among other things, to prevent the pointless transfer of very small amounts and thus overloading (so-called denial-of-service attacks). Of course, charging transaction fees is not attractive if cryptocurrencies like bitcoin want to make it as a means of payment in the future.

Bitcoin influences the stock market

At the beginning of the Corona pandemic in March 2020, it became clear during the stock market crash that the stock markets can certainly have an influence on Bitcoin and Co. Now, however, a study by Singapore’s largest bank shows that this is also the case the other way around and that significant swings in the bitcoin price also have an impact on the stock market.

This is no surprise because BTC has now a lot of real usage too. Take a look how popular BTC loans have become for example.

  • DBS examined correlation between Bitcoin and futures on S&P 500
  • Particularly high correlation after “extreme” movements of Bitcoin
  • Bitcoin no longer a “fringe asset” as influence grows, according to analysts

bitcoin symbolIn late 2020 and early 2021, the crypto market and Bitcoin, the largest digital currency, saw strong growth. Before a sharp price slide occurred in May 2021, Bitcoin reached a market capitalization of more than one trillion U.S. dollars and the total volume of the crypto market rose to more than two trillion U.S. dollars. Given the massive size of this market, experts at DBS Group looked at whether price developments in bitcoin have any impact on the overall U.S. stock market. The analysts from Singapore’s largest bank published the results of the study at the end of May – and came to the conclusion that the influence of Bitcoin has grown significantly in the meantime and that the cryptocurrency – regardless of an investment – should also be kept in mind by equity investors.

DBS finds correlation between bitcoin and S&P 500

For their study, Taimur Baig, chief economist at DBS, and forex strategist Chang Wei Liang examined the correlation between bitcoin and continuously traded futures on the S&P 500 based on the hourly returns of the two assets since November. November was chosen as the starting time for the analysis because “bitcoin has only grown into an asset class with a significant market capitalization since late 2020,” the two analysts’ report said. It showed that bitcoin’s influence has now grown to such an extent that strong price movements in the cryptocurrency in particular spill over into the stock market.

Overall, according to the study authors, the “Bitcoin was found to be positively correlated with futures on the S&P 500,” as such a positive correlation could be demonstrated for every month since November. However, this turned out to be relatively low, averaging 0.20. However, according to the DBS study, the correlation was significantly higher in each case within 60 hours of “extreme movements in bitcoin” than in periods without such price swings. The analysts define “extreme” as periods in which the bitcoin gained or lost more than ten percent in value within one hour. This was the case on four trading days during the observation period: on December 28, as well as on January 4 and 29, bitcoin’s hourly returns were above the ten percent mark, while on May 19 – in the midst of the price slump on the crypto market – the value specified by the experts was breached to the downside. In the periods following the violent movements in the crypto market, the correlation with the futures on the S&P 500 rose to a value of 0.26, while otherwise it was 0.19.

Analysts: bitcoin is no longer a fringe asset and should be included in risk assessment

While even a value of 0.26 is still relatively low – a correlation is stronger the closer the value is to 1, with a value of 1 representing a perfect correlation and a value of 0 representing no statistical dependence at all – other statistical tests have also shown that large movements in bitcoin are followed by volatility in the stock market that is higher than usual, according to the analysts. As a result, analysts Taimur Baig and Chang Wei Liang conclude in their study, “bitcoin is no longer the fringe asset it once was, given the higher correlation and rising volatility in U.S. equities that follow extreme moves in bitcoin markets.”

When the Bitcoin went down sharply in May, the S&P 500 also weakened somewhat, but was able to recover quickly – unlike the Bitcoin. According to the DBS experts, the price movements in Bitcoin are nevertheless one of the decisive factors for determining risk in the stock market. “Given the recent bitcoin strains, it may be prudent for market participants to keep an eye on developments in the field as part of their risk and sentiment monitoring,” their recommendation therefore reads. After all, bitcoin appears to have long since expanded its influence beyond its former niche of the crypto market.

Has bitcoin gone from trendy to ordinary?

To classify the development of the original cryptocurrency Bitcoin, an analyst from Deutsche Bank not only draws on a famous quote from fashion mogul Karl Lagerfeld, but also uses the “Tinkerbell effect” to show where she thinks Bitcoin stands.

Bitcoin trend over?

Bitcoin trend over?Is bitcoin just a short-lived fad? At first glance, the cryptocurrency seems to have little in common with the fashion world. But Deutsche Bank analyst Marion Laboure finds the connection between the two worlds. In doing so, the Harvard lecturer draws on Karl Lagerfeld’s statement that “trendy is the last step before tasteless.” She finds evidence for this assumption in the volatility among cryptocurrencies, which has recently increased massively. Meanwhile, the latest example highlights how quickly digital coins can be out of trend: “It only took three months for Bitcoin to go from trendy to tasteless, and all it took for the cryptocurrency to go out of fashion was a tweet and a Chinese government statement,” Laboure writes in a note to clients.

Two devastating events for the bitcoin price.

Just a few days ago, bitcoin came under heavy pressure and lost most of its value in a very short period of time. The crash among cryptocurrencies in May was due to two announcements in particular, as Laboure indicated. On the one hand, Elon Musk tweeted that he would not accept Bitcoin as a payment method for Tesla purchases after all. The reason for this, he said, was environmental concerns, since mining Bitcoins is considered a power guzzler. This was preceded by numerous tweets in which Musk expressed his support for cryptocurrencies – in addition to Bitcoin, these were mainly dedicated to the fun currency Dogecoin.

On the other hand, a report from China was anything but well received by crypto investors and put further pressure on the prices: The Chinese central bank had announced that it would not allow digital currencies for payment purposes.

Tinkerbell effect swirls up value of BTC

In the phenomenon that was impressively observed in May, the Deutsche Bank analyst thinks she can recognize the “Tinkerbell effect.” “Bitcoin’s value will continue to rise and fall depending on what people think it is worth,” she wrote. To name such cases, the economist borrowed the name of the little fairy from the children’s story Peter Pan. The term is based on Peter Pan’s claim that Tinkerbell exists only because children believe she exists. Parallels can be seen here, “In other words, the value of Bitcoin is based entirely on wishful thinking,” Laboure concluded.

Cryptocurrencies as a means of payment

Going further, the analyst believes it is unlikely that cryptocurrencies will establish themselves as a means of payment. She estimates that less than 30 percent of BTC transactions are related to services or goods. The bear portion is said to be due to financial investors instead. Another industry where cryptocurrencies are used a lot is gambling.

A key issue, it said, is bitcoin’s limited tradability, which allows it to remain volatile. In 2020, 28 million Bitcoins changed hands – or 150 percent of the coins in circulation – according to MarketWatch. In contrast, there were 40 billion Apple shares, or 270 percent of the total securities. In doing so, Laboure notes that this situation predates the intervention of governments, which “are unlikely to give up their monetary monopolies.”

Trend classification still underway?

That bitcoin is not having an easy time in the traditional financial world is obvious. Proponents have always disagreed on whether it should serve as a store of value, like the precious metal gold, or as a means of payment, like fiat currencies. Sensitive reactions to prominent statements that trigger massive price fluctuations do not make the classification of the original cryptocurrency and altcoins any easier. Whether Bitcoin ultimately proves to be a Tinkerbell effect or can turn into a serious investment after all, the further trend development will show. But compared to the statements of the Deutsche Bank analyst, a study by asset manager Iconic Holding showed which overriding factors have a long-term effect on Bitcoin, Ether & Co.

Here’s how this man quintupled the value of his bitcoin portfolio

For as long as I can remember, I’ve been interested in how to build personal wealth and achieve financial retirement planning. I owe a lot of that to my mother. She never gave me money for purchases as a child. By the age of ten, I started my own first business to earn some extra money.

I started selling water and sodas at our local park during the summer. By the time I was 13, I was earning my pocket money walking other families’ dogs. By the time I got to high school, I had customers all over the neighborhood.

Until I went to college, I saved a lot of the money. By the time it was time, I had a decent amount of money saved up. At the end of my second semester, my father encouraged me to invest some of the money I had saved. But at that point, I didn’t know much about investing. I decided to create two portfolios.

One was a virtual portfolio. I called it “The Stock of The Month.” The other portfolio was my personal investment account at Ally Bank in the US. For “The Stock of The Month” portfolio, I tried to identify a number of high growth potential stocks each month. From these, I then selected one to add to my virtual portfolio. On the LinkedIn page, I subsequently provided insights and rationale behind each of these selections. At the end of the year, I then compared the performance of the portfolio to that of the S&P stock index. This stock index includes shares of 500 of the largest publicly traded companies. It is one of the most widely followed stock indices in the world.

I took a very different approach to my personal investment portfolio. I had heard so many stories about people who were able to grow their wealth very quickly through swing trading. However, swing trading is a highly speculative investment strategy. It involves trying to take advantage of price fluctuations in such a way as to make a profit. For a while, I tried to do the same thing. I got in and out of trades on a weekly basis. You can imagine how that turned out.

The investment tip that changed my life

investment tipMy personal investment account had dropped significantly in value during my penultimate and final year of college. Only my virtual “The Stock of The Month” portfolio increased in value over time. After graduation, I told my father about the performance of both portfolios. I explained to him how strange it was that I was losing money year after year with the portfolio I was constantly managing and readjusting. Only the virtual portfolio, which I only checked and rebalanced once a month, was performing positively. However, this did not seem to surprise my father at all.

After I told him about it, he showed me his investment portfolio. He showed me the stocks with which he made most of his money. To my surprise, it was the stocks he invested in and paid the least attention to that gained the most value over time. He told me he too had made the same mistake when he first started trading. He said he was constantly trying to time the market, getting in and out of stocks. In the process, he lost much more money than he made, he told me. “If you really want to make money in stocks, you should look at your portfolio as infrequently as possible,” he advised me. If you want to learn more trading secrets, check out this site here.

Getting into Bitcoin

Getting into BitcoinIn August 2019, the share price of the cryptocurrency Bitcoin had just undergone a remarkable rise from 2,873 euros to about 8,210 euros. Here is a current price chart. Even before the price went up, I thought I would like to get into Bitcoin stock.

Then when the price made this positive development, I knew now was the time. So the following month I invested in Bitcoin and did something I had never done before. I turned off all notifications from my share account. For the rest of the year, I stopped looking at the performance of my investment. Read more about BTC in our article here.

1xBit – sports betting & casino

The options are so many that you can select which sports to follow in your profile, and there is a “big events” menu for those who like to follow the main tournaments in the world, no matter the sport. Our favorite sport, soccer, is obviously a highlight in the house, with coverage of the main championships played in the country, such as the A to D series, the Brazil Cup, the Women’s Championship, and the state championships.

On the right side of the screen, just below where the tickets and bets are, there is an announcement of special offers, which are those in which the bookmaker offers better odds. The betting site 1xBit also provides users with a page with pre-game statistics of the most important events, so that the bettor doesn’t need to search for information on Google.

1xBit sports betting

btc sports bettingAnd, like every bookmaker, 1xBit guarantees that it pays the best odds on the market. It is not always so, but the bookmaker pays well, yes. Above average in most sporting events. If the user knows how to make good use of his points, bonuses, and the accumulation of the day, he can very well get excellent bargains.

This bitcoin betting site has a feature that is gaining more and more space among platforms in the industry, which is the possibility to build bets. The player can choose the markets and make their guesses, and the house then offers the odds.

So if you are looking for variety in betting and unusual sports, you can bet on soccer, volleyball, basketball, hurling, netball, and sumo at 1xBit. There are also non-sports options, such as weather forecasting, politics and science.

1xBit Casino

btc CasinoThere are more than 3000 slot machine options from various respected companies in the market. In total, the house has 92 software providers for its slot machines and other odds games, such as baccarat, keno, blackjack, poker and roulette, among other options. The list of providers includes names like Endorphina, Pragmatic Play and Betsoft, just goes to show that 1xBit is reliable.

For those who prefer to play live, the quality of the casinos is equally high. There are 12 providers, including the well known Ezugi and Evolution Gaming, with live dealers to play roulette, poker, Blackjack, baccarat, craps, Monopoly and more. All from the comfort of your home.

For those who like to bet or play casino games on their cell phones, 1xBit has a fast, secure and very well solved app that brings all the site’s features. And, if you don’t want to install the 1xBit app, the site is responsive, meaning it adapts to the small screen of smartphones without losing functionality.

Whether in the 1xBit app or in the smartphone browser, it is possible to smoothly follow the many live streams that the platform offers, as well as play in the live casino without any harm to the bettor, because the streaming is light. The only requirement is a stable internet connection. The app is available for download on the 1xBit mobile site for Android and iOS.

Live betting at 1xBit

This is an aspect that the site says it prides itself on having as a priority. And it’s not lying when it boasts about it. It broadcasts live major events in world sports, and has a very interesting feature, which is the “Multilive Page”, which allows you to add several events to follow live simultaneously, betting on them without taking your eye off the other events.

And 1xBit live betting is not limited to traditional sports. The site also has extensive coverage of e-Sports (or esports), the electronic sports. There are broadcasts of Counter Strike, Hearthstone, StarCraft II, Clash Royale, Fifa, Dota, LoL, Rainbow Six, and Streetfighter, among other famous games from different consoles.

If you understand and enjoy esports, 1xBit has one of the most complete menus to enjoy and win your m₿.

And the bettor, whether in sports or esports, has at his disposal live updated statistics to be able to base his hunches or close a bet (make his cashout) as soon as he wishes.

VIP cashback

Loyalty program dedicated to 1xBit casino players, it is composed of 8 different levels. The more the gambler plays, the more points he earns, moves up a level and the higher the cashback he receives. A cashback request can be made on a weekly basis. With each level gained, the cashback percentage increases, reaching a maximum of 11% cashback.

Customer service

There are online consultants at the user’s disposal at all times in live chat, and there is no need to identify yourself to contact 1xBit. But if your questions are not answered in this tool, there is the possibility to send an e-mail to the bookmaker. In this case, of course, you need the e-mail address to receive the answer. Another option is a form to fill out and send a message through the website, which also asks for an -email address.

If there are not many contact options, the response arrives promptly and cordially. 1xBit also has a good presence on social networks, especially on Twitter and Instagram, where the Brazilian pages are very active. The YouTube channel is also quite busy, but does not yet have a Portuguese version.

Finally, the site has a blog to keep its customers informed. It brings news about the betting world, cryptocurrencies, promotions and new games included in the platform. And one section that is updated quite often is the one related to esports. It is worth following.

It is one of the sites with the largest number of available languages that I have encountered. There are no less than 60 different languages. 1xBit, by restricting itself to cryptocurrencies, has chosen to abolish currency borders, and by the looks of it also wants to cross all physical borders where betting is allowed.

In order to make everyone feel comfortable while browsing and analyzing, 1xBit offers six different odds formats. The decimal, which is the one we are more used to in Brazil, the American, the British, the Hong Kong, the Indonesian, and the Malaysian. Those who want to bet will find some known format.

Languages

  • German
  • Bulgarian
  • Traditional Chinese
  • Featured Markets
  • Brazil
  • United States
  • France

Excluded Countries

  • Antarctica
  • Algeria
  • Australia

1xBit has taken cryptocurrency sports betting to a new level, and the competition is moving, which is good for all of us. The more sites with excellent reputations and operation there are, the better for the betting community. Other good bookmakers that accept bitcoin are Sportsbet.io and 22bet. 1xBit is reliable and has one of the biggest menus for its clientele. Whether it’s sports betting, esports or their extensive casino, fun is guaranteed for the player.

There are not many communication channels, but they work well. Eventually, even because of the amount of things that are available, the platform can seem a bit confusing, and some menu searches are necessary to find what you want. This is one of the points that can be improved by the house.

But, in a general analysis, 1xBit is a very good place to create an account – it’s very practical and fast – and invest your leisure time betting and getting to know the world of cryptocurrencies.

Pros

  • Extreme practicality in registering, with no need for identification
  • Many options in all areas: sports, esports and casino
  • Very good mobile app and site
  • Large number of live streams of events
  • A lot of promotions
  • VIP program

Cons

  • The site is a bit confusing with too much information
  • There could be a greater number of support channels

Frequently Asked Questions

Is 1xBit only for betting with bitcoin and cryptocurrencies?

Yes, 1xBit is an exclusive bookmaker for bitcoins and altcoins. The site offers many options to buy bitcoins or altcoins on its platform. The house offers a 100% bonus on the amount of the first deposit, with the maximum being ₿1. There are also bonuses on the 2nd, 3rd and 4th deposits, and the total bonus can reach ₿7.

How to bet with Bitcoin at 1xBit?

If you don’t yet have bitcoins or another cryptocurrency accepted by the bookmaker, you can exchange your reals for m₿ at the bookmakers listed on the 1xBit website. Once you already have your bitcoins in your account, the process is identical to betting with fiat currencies.

bitcoin investment

Cryptocurrencies: Everything you need to know before investing in them

bitcoin investmentWhat are they? What can you buy with them? Why do their prices rise and fall so quickly? Discover the keys to understanding this new form of money led by bitcoin.

Bitcoin, the most popular cryptocurrency, is on a crazy roller coaster ride. It has recently gone from touching record highs, up to $61,000, six times higher than in the previous year, to falling to $53,000 a week later. All is mystery surrounding a product that no one has seen and no one has been able to touch. But despite the vertigo of the ups and downs and the general lack of knowledge, many people and companies are betting on cryptocurrencies.

DUX Internacional de Madrid, a soccer club that competes in the Second Division B, made its first cybercurrency signing on January 15, and more and more businesses are accepting it as a means of payment. What do we know about bitcoin and other cryptocurrencies? Can we trust them? These are some of the questions investors are asking themselves.

Bitcoin was one of the first cryptocurrencies to appear on the market. It was created by the Japanese Satoshi Nakamoto after the 2008 financial crisis. A mysterious character whose identity is unknown, it is even suspected that he could be the name of a collective. That year he published an article on bitcoin and generated a debate that led to the creation of a software for transactions.

The idea was to create a decentralized digital currency, i.e. without a central bank to control it, without commissions on its transactions and without any elite group making decisions on its use or value.

How many different cryptocurrencies are there on the market?
There are more than 7,000 types of cryptocurrencies, according to data from CoinMarketCap, a website that shows their market capitalization. Five are the most widespread: bitcoin, ethereum, litecoin, dash and ripple. Bitcoin dominates the cryptocurrency market, followed by ethereum.

What are cryptocurrencies used for?

Investment is one of their strengths, but they were created as a means of payment. Some FinTech companies are planning to launch a debit card and a payment gateway in bitcoins for more than 10,000 hotels and for certain supermarket chains. Learn more on http://www.cryptodebitcards.com/.

There are real estate companies that allow paying for homes in bitcoins, and in November last year PayPal announced that it would allow payments with this type of currency in 2021.

On January 15, moreover, the first signing of a soccer player with cryptocurrencies took place: David Barral, former Real Madrid Club de Fútbol, Real Sporting de Gijón and Real Racing Club de Santander, signed at the age of 37 by DUX Internacional de Madrid, a Second Division B soccer club, of which Criptan is a sponsor. The amount has not yet been disclosed.

How and where can cryptocurrencies be purchased?

To access them the options are to buy them, accept them as payment or create them. The system is designed for so-called miners to solve mathematical problems with which more cryptocurrencies are generated. Their work is remunerated with this same currency.

Large computer teams controlled by powerful economic groups, which are known as whales, are the main producers. “There are real computer farms dedicated to this work,” recognizes Jesús Pérez, founder of Crypto Plaza, a center that functions as an ecosystem of entrepreneurs on encryption and finance, and director of the consulting firm Digital Assets Institute.

Another safer and easier way is to do it through a purchase platform or a financial intermediary. They can also be purchased at ATMs created exclusively for this purpose. Before doing so, it is advisable to read the conditions, since each entity charges different commissions. Once purchased, they are assigned a unique and personal password, which should be kept safe.

What is the value of the most popular cryptocurrency: bitcoin?

It does not have a unique or stable value, as it fluctuates according to supply and demand. For example, at the beginning of 2020, bitcoin was trading at just over $7,000 (€5,760) and at the beginning of 2021 it set an all-time high of $41,000 while, in the week of January 18, bitcoin had lost up to 30% of its value, trading at just under $29,000 (€24,000). On Friday the 22nd, however, it staged a recovery to $31,000 (25,500 euros). To find out the value of each cryptocurrency at any given moment, it is advisable to consult specialized websites such as Coinmarketcap.

Can I invest in cryptocurrencies?

Yes, but it is a risky and speculative market where it is possible to gain and lose large amounts in a short time. The most profitable and least dangerous are, according to experts, bitcoin and ethereum.

Bitcoin is currently the seventh most capitalized asset in the world, around 700 billion dollars (almost 575 billion euros), behind Amazon and Google. It is important to bear in mind the saying that circulates in the stock market: past performance does not guarantee future performance.

Where are cryptocurrencies stored?

They are stored in so-called wallets that have to be created specifically, of which, according to Statista, there are some 64 million worldwide. They are software that can be stored on a computer, cell phone or any other digital device, but the most convenient way is to leave them in custody in a cryptocurrency bank.

Is there a regulation for cryptocurrencies?

No, but since 2015 the European Union (EU) considers bitcoin and other cryptocurrencies as a form of payment, with the same validity as the euro. Despite this, Christine Lagarde, the president of the European Central Bank (ECB), shows her reluctance and has stated that regulation of bitcoin is necessary because it is “a very speculative asset”.

The ECB has announced the creation of a digital euro, an electronic form of money that Europeans could use to make their daily payments as a complement to cash. This would not be a new currency or cryptocurrency, but a digital euro would have the same value as a cash euro.

The model will focus on testing the creation of tokens, which digitally represent money, and their sectoral distribution by banks to their customers through the i-network, a controlled test environment already available. The aim is to experiment with the practical aspects and possible design options, analyzing their possible impact on the sector, in addition to fostering innovation in payments and the digitization of the economy, preparing new digital services based on programmable and smart digital money.

This test comes as a continuation of the Smart Payments programmable payments sector initiative also carried out by large Spanish entities, such as Banco Sabadell, which was successfully completed in July 2020, and which allowed validating the feasibility of initiating immediate programmed transfers in smart contracts from blockchain networks, through its connection with the National Electronic Clearing System (SNCE). In this way, it was possible to complete more than 20,000 immediate transfers.

In Spain, any expense or income derived from trading operations with cryptocurrencies must be included in the income tax return. In October 2020, the Draft Law on Measures to Prevent and Combat Tax Fraud was published, introducing the obligation to provide information on balances and holders of cryptocurrencies and purchase operations, collections, payments, transfers, among other transactions.

Outside the EU, as its use spreads, it is regulated. The canton of Zug, in Switzerland, will accept payment of taxes with bitcoins as of February. Japan has also recognized this currency as a means of payment, the United States (US) has opened a futures market (where speculation in commodities, currencies…) for bitcoins and in China they bet more on the digital yuan than on cryptocurrencies, except in Hong Kong where the use of bitcoins is common.

What are the advantages of cryptocurrencies?

For Jesús Pérez, from Crypto Plaza, the main benefits are decentralization, they do not depend on any bank – “only the buyer has the password to access” -, fast and free shipping to any part of the world and the impossibility of counterfeiting.

Scarcity is another advantage, as the cryptocurrency is not subject to inflation. In fact, bitcoin (not so the rest) is limited to 21 million (about 18.6 million have been issued so far) and it is estimated that the cap will be reached in 2140, the date set by the creator. The little more than two million bitcoins remaining will be mined at a much slower rate than so far.

What are the risks involved in investing in cryptocurrencies?

The main risk is volatility (sharp rises and falls in value) which can lead to large losses within hours. “Although there are also stable cryptocurrencies that have parity with the dollar or the euro such as the USD Coin (USDC) or the DAI”, they assure from Criptan.

Another non-negligible one is the loss of the wallet key. “It is unrecoverable,” Perez points out. According to data from Chainalysis, a blockchain expert company, between 17% and 23% of bitcoins are lost. Several cases have been reported in the press.

The most recent is that of a programmer from San Francisco (USA) who lost the paper where he had written down the password of the wallet where he stored 7,002 bitcoins, which today amount to more than 220 million euros.

Although it is not a risk, it should be noted that transactions are fixed, i.e., if a transfer is made to another person, it cannot be stopped or undone. The risk of scams associated with cryptocurrencies should also be taken into account: according to a report by the company Cipher Trace, dedicated to the development, security and tracking of digital currencies, cybercriminals have pocketed more than $4.26 billion (€3.501 billion) in 2020.

crypto coins

Is it a good Time to invest in Bitcoin in 2021?

crypto coins2021 has started with Bitcoin at record highs and many investors have taken the plunge to invest in Bitcoin. But is 2021 the year of Bitcoin and can it continue to break records? We analyze the characteristics of this cryptocurrency and its history to date.

Whether to diversify our investment portfolio or to obtain a return in the short term, Bitcoin represents an opportunity. Much of this interest is due to the strong upward trend it has been showing in 2020 and the first days of 2021.

However, this is not an easy play. Investing in Bitcoin is usually a challenge, due to the strong volatility it presents and the “youth” of this financial asset. Sharp movements are usually present in this market, as well as a series of other factors that make us wonder whether, after such a high rise in its price, it is a good time to invest in Bitcoin during 2021.

How does cryptocurrency investment work?

In order to start with the basics, if you are wondering what Bitcoin is, it is a digital currency: a cryptocurrency. Its use is equivalent to money, only that it is intangible and has certain differentiating characteristics.

It was created by Satoshi Nakamoto. Its particularity is that it was the first of the cryptocurrencies, launched in 2009 (it was born in 2008, but the first operations were carried out in 2009). It is also the most popular, the one with the largest market capitalization (number of cryptocurrencies in circulation multiplied by their price) and the one that sets the trend.

Cryptocurrencies represent a payment system parallel to the traditional one. They allow financial transactions to be carried out quickly, securely and discreetly, without the need for any type of intermediary (no bank intervenes in the movement of digital money). One of its main characteristics is its independence: Bitcoin (like other cryptocurrencies) is not subject to any government or central bank. It is not affected by monetary policies, interest rates or inflation.

In other words, cryptocurrencies do not suffer devaluations as a result of rising prices. Nor are they affected if a central bank alters official interest rates. It is possible to invest in them in the long term as a safe haven asset.

They are supported by Blockchain technology, a decentralized ledger, in which movements are made through notes approved by all members. This makes them difficult to counterfeit and prevents fraud.

Thanks to these characteristics, cryptocurrencies, with Bitcoin at the forefront, are becoming increasingly popular as a means of payment and as an investment asset. These factors give it a special appeal, as we will see below. Investing in Bitcoin is similar to investing in gold.

How has the Bitcoin market performed in the past?

Despite being a volatile asset, Bitcoin is also a source of profitability. Its history shows us how it has been able to increase wealth.

Since its creation, Bitcoin has shown an incredible appreciation, making it a financial asset to be considered by all types of investors.

Already in 2010 it began to arouse expectation. Bitcoin was used as a means of payment for the purchase of two pizzas. A curious note is that 10,000 Bitcoins were paid. Logically, the current price had not been reached. If those same pizzas had been bought eight years later and for the same amount of Bitcoins, they would be the most expensive in history.

In any case, Bitcoin began to gain ground as a means of payment. A currency that was traded on a market (just as other traditional currencies are traded on the Forex market), however, its potential had not yet been unleashed, it was not seen by most as a value to invest in.

Bitcoin begins to be considered an investment asset

It was from 2017 when the interest of all traders was awakened. Cryptocurrencies were the subject of intense debates. A large number of new cryptocurrencies came to light that, according to certain media, had the capacity to become the “money of the future”. However, none of these new cryptocurrencies has managed to wrest the crown from Bitcoin.

During the same year, Bitcoin (which, let us remember, sets the trend in the cryptocurrency market) appreciated by around 2,000% (it went from trading at just over $1,000 to over $20,000). It was the star market, the great revelation. Its growth was exponential.

Much of this success is due to the fact that many operators were aware that the money supply is limited (no more than 21 million Bitcoins can be extracted). It is beginning to be considered as a valuable asset.

In this sense it is also similar to gold: it is a limited, scarce asset, and therefore valuable. Thus, Bitcoin has come to be seen as an investment asset, as well as a means of payment.

In any case, investment in Bitcoin began to take a speculative turn, with several analysts claiming that a bubble was brewing. On December 17, 2017, the price reached its zenith (precisely when Bitcoin futures began to be listed, allowing for easier short trades).

Bitcoin’s big price crash

On December 18, 2017, what they called “the bursting of the bubble” began. Since reaching its peak price, and after about a year, it suffered a devaluation of more than 80%. In December 2018, Bitcoin was once again priced above $3,000.

So the price remained, during 2019, investing in Bitcoin began to regain attractiveness and a rebound began. The price stabilized at around $10,000.

2020: the new rise of Bitcoin

It was not until the year marked by the coronavirus crisis (Covid-19) that Bitcoin made the news again.

Indeed, although in the first moments of the pandemic (when industrial activity was paralyzed) it did not react as a store of value and fell in price along with the rest of the financial markets, throughout 2020 it managed to break new highs. Its price was in a clear bullish phase, totally vertical.

Historical keys to the Bitcoin market

  • Early 2010s Begins to attract interest. Gains ground as a means of payment
  • From 2017 Bitcoin begins to be considered an investment asset and appreciates by more than 2,000%. Speculation begins
  • The bursting of the bubble Devaluation of more than 80% in one year.
  • 2020 Since 2019 and especially in 2020, Bitcoin has regained attractiveness, with exponential growth in 2020, breaking all-time highs.

Is it a good time to invest in Bitcoin in 2021?

The Bitcoin price continues its ascent, it has even traded above $40,000. In this context, many traders are wondering if it is a good time to invest in Bitcoin. Is it profitable to invest in an asset that has appreciated by 900%?

In principle, we could say that it is not necessary to buy a full Bitcoin to trade in this financial asset; most investment platforms support the purchase of fractions. Thus, it is not necessary to pay such a high price in order to invest in Bitcoin.

In addition, if what is intended is a short-term operation, there are derivative instruments, those in which financial leverage is used.

It is worth noting that, as we can see in the graph above, this is a financial instrument with strong movements. When using leveraged products, extreme caution should be exercised.

What do investors think about Bitcoin in 2021?

There are investors who believe that Bitcoin’s structural trend will continue to be positive, even though it is likely that, after this latest upward momentum, the market will take a breather and a correction may be seen.

Herminio Fernández, an expert in Bitcoin, affirms for the newspaper “La Razón” that in digital wallets 80% of them have not been carrying out operations with this asset for two years”. In other words: the price growth does not have a speculative “motive”. Bitcoin is being bought as a security.

He also states that several financial institutions are choosing to invest in Bitcoin.

The acceptance of Bitcoin as a security to invest in is increasing. The idea is to introduce this financial asset in the classic markets (futures contracts, ETFs and other products that use Bitcoin as underlying).

The problem may come from the aforementioned correction, moreover, the most worrying thing could be the level of the correction. Being such a volatile market, and after such a powerful rise, Bitcoin’s exchange rate may have a wide downward run.

However, it should not be forgotten that it is a safe haven asset, a value that does not devalue and, moreover, its limited nature offers a reason to grant it a high value. In times of crisis, it has growth potential. For this reason, its share price is likely to remain high as long as the health alert caused by the coronavirus pandemic (Covid-19) remains in place.

In the longer term, Bitcoin’s price will depend largely on the Blockchain’s ability to revolutionize the technology and financial industry.

Another key to investing in Bitcoin in 2021 comes from the hand of diversification (in fact, this is the most classic and effective defense mechanism). If the strategy is to buy Bitcoin in the long term, treating this financial asset as a store of value, the risk is reduced; but experts recommend buying other financial assets with the benefits of investing in this fascinating cryptocurrency.

Where can I buy bitcoin in 2021?

First of all, it’s recommended to use current discount offers of cryptocurrency exchanges and trading platforms as you can save a lot of money that way. This is a good source: https://www.cryptocoupons.org/

To buy bitcoin, it is crucial that you trade with a reputable exchange, which has a large user base, a high trading volume and good commissions for buying/selling cryptocurrencies.

The exchange will allow you to exchange fiat money for Bitcoin or another cryptocurrency.

Currently we have a huge number of exchanges of all types and operating in different countries, some of the largest and best reviews to buy Bitcoin are:

Bitpanda is an Austrian exchange founded in 2014 and has more than 1M users. Bitpanda has a large offer of cryptocurrencies, in its catalog we find more than 30 different cryptocurrencies.

Kraken: Kraken is one of the oldest brokers in the market and has become one of the most relevant, it is a platform that has advanced charts, where we can see the depth of market (orders in the market), we can include advanced orders as in GDAX and track our operations and evolution of our profits/losses.

Binance: The world’s largest cryptocurrency exchange. Every day in Binance millions of orders are crossed. It is one of the exchanges with the largest variety of cryptocurrencies and functionalities, but it is one of the most difficult to use.

Coinbase: This is one of the most popular exchanges to buy Bitcoin. It is one of the easiest platforms to use. You can buy bitcoins by bank transfer or with your credit card. Coinbase also has its Pro platform, with which we can include advanced orders such as Stop Loss, limit orders and market order.

binance derivatives list

Binance Exchange – An Introduction

Binance Exchange, a relatively new digital global exchange has quickly risen to the top ten cryptocurrency exchanges by trading volumes, and is expected to be one of the top three exchanges in a year’s time. The mission of Binance is to enable traders to trade on their own in-house altcoin and Futures trading platforms.

binance derivatives list

This will enable them to trade using Cryptocurrencies instead of traditional currencies. Binance is currently operated out of China, Hong Kong and Singapore. Binance currently has over one million traders worldwide.

With Binance users can either just buy or sell tokens, or they can trade coins on margin within Binance’ Futures trading section.

ICOs with Binance

ICO, or “ICO” stands for “Initial coin offering”. Unlike most ICO’s which are typically speculative trading opportunities, with Cryptocurrency exchanges you are able to even get coins for free from new projects, in so-called airdrops. Such are being features on Binance from time to time.

This is because Binance is the most popular and successful altcoin exchange in the world and new projects always try to get their coins listed with them first. This exchange is among the largest in the world and has a lot of volume. They currently handle over one-hundred and sixty million dollars each day in currency exchange.

Binance Deposit Options

If you are planning on investing into Cryptocurrency, Binance will likely be your first choice. If you are not familiar with Binance and the platform, it is important that you familiarize yourself with the various deposit methods available. Some of the more popular deposit methods include: transferable Deposits, non-transferable deposits, pooled investments, mini accounts, direct deposit, debit cards, online bill payments by check. These methods generally all include some form of fees. The amount of these fees will vary from exchange to exchange.

Many brokers will also offer Cryptocurrency as a service. This is done through the same methods that they would provide to clients that are interested in trading other stocks or other commodities. When opening a trading account, you should make yourself familiar with the respective trading “fees” of the platform. Fees are basically the rate at which you exchange your money for Binance coins. The fee varies from broker to broker, but you’ll usually get an idea of what you’ll be charged before you proceed with opening an account.

Unique Trading System

Like other decentralized exchange (DEX) projects like Metatrader and Trade Smart, Binance makes use of a unique model where trades are executed between traders instead of between brokers. Unlike most existing forex trading software, trading on Binance does not entail the need for installation of any special software. This allows investors to execute all types of trades, be it buying and selling of tokens, trading in their own portfolio, or trading in another investor’s portfolio.

Settlement

Binance trades are settled through the use of an “interbank” service. Since there is no physical address for every transaction, the protocol that Binance uses for settlement is a four-party one. To add to this, all trades on Binance are settled after they have been authorized by one or more banking institutions. Because of this added level of security, many people who want to try out trading on this virtual platform do so with relative ease, since they do not need to provide any type of financial information to the bank which they wish to trade in.

BNB – Binance Token

Binance uses its own unique token, which is known as BNU (pronounced “bial-yoo”). The purpose of this token is to act like both a security or a credit, but instead of lending it out, traders provide bids to purchase or sell Binance tokens. Once a trader buys a Binance token from another trader, the trader will be charged a fee for that trade. This fee structure was designed to discourage spam and to reward genuine buyers and sellers of ERC20 tokens.

Binance token works much like a stock on the exchanges. With ethereum being the backbone of the project, investors in Binance can trade or invest in ether and bitcoin. As per their roadmap, Binance investors can convert their ether into bitcoins. In this process, investors can also convert their bitcoins into Binance tokens. This process is called “bartering.”

Tezos – One of the Hot Markets

One of the altcoins supported on Binance is Tezos, of course. Tezos belongs to the class of securities in the world of crypto projects. They are traded like stocks and are sold in multiple unit denominations. This is different from most of the major exchanges in that they do not guarantee their results. In fact, if your investment does not pay off, you are not refunded.

Also, they currently have an extensive list of holdings of Ether, including a large position in the upcoming Ether Gold project. The website provides information on their mission and vision, along with current and historical market data.

Other Banking Services by Binance

With Binance users not only can buy or trade cryptocurrencies, they can also open savings accounts or earn money with staking certain coins. Additionally, they have one of the largest crypto lending platforms integrated, where users can lend their coins or get crypto loans, which all works peer-to-peer. Binance is listed as one of the top providers among platforms in the crypto lending sector for a reason.

The major reason why traders and investors have started using Binance as an online exchange is due to its simplicity and effectiveness. What is Binance does in a nutshell is to simplify the trades that you need to make so that you can focus on other aspects of your trading business. Binance also offers great features that can be useful to traders such as news and research apps. These features and functionalities have attracted many users to the platform, and as a result, the number of Binance traders has substantially grown over the past few months.

Crypto services by Banks

Other popular Cryptocurrency exchanges include those run by major banks. Wells Fargo Bank is one of the largest banks in the United States and one of the largest in the world. The Ether gold project is run out of Wells Fargo Bank and traders who participate are automatically allocated an equity stake in this emerging enterprise. Other notable banks with Cryptocurrency deposits include Wachovia Bank, Capital One Bank, and Bank of America.

Although there are some risks involved in trading Cryptocurrency, there are also a few significant benefits. The major benefit is the low transaction fees and lack of exchange risk. Many traders are switching to this new, easier way of trading because of these benefits. While there is still some risk involved in the world of Cryptocurrencies, the Cryptocurrency exchange provides a safe haven for new and experienced traders, as well as for new investors. For more information, check out the website.

Bitcoin exchanges worldwide to reveal their customers

International guidelines for the regulation of Bitcoin and other crypto currencies will soon become reality. Industry players are worried. There is a threat of technical difficulties in implementation. Bitcoin is starting to get used more and more by traders and gamblers as well.

A storm is brewing in crypt heaven. The International Financial Action Task Force (FATF) adopts its planned guidelines for the regulation of Bitcoin & Co. on 21 June. The regulations apply to all crypto companies. The news portal Bloomberg, which has this information at its disposal, therefore spoke with various representatives of the Bitcoin industry about the impending consequences. Many players seem to be seriously worried. Eric Turner, Research Director at the Messari Crypto Research Center, even described the regulations as “one of the biggest threats to cryptography today. (Source: icharts.net)

After the rally in Q1 – How much potential is still in the market?

The global capital markets have shown a remarkable recovery since the beginning of the year. Global equities gained around 15% and government and corporate bond prices also rose in the bond segment.

This is initially due to the international character of the FATF. The advisory board of the organization, which is dedicated to the fight against money laundering and terrorist financing, comprises 38 states and two international organizations. In practice, however, more than 180 states adhere to the guidelines issued by the FATF. Failure to comply with them would be tantamount to exclusion from the international financial system. In addition to its almost global validity, however, it is above all one of the planned guidelines that is making the Bitcoin world sit up and take notice. Bitcoin exchanges must collect information about the recipients of crypto payments.

  • This regulatory policy requires Bitcoin exchanges and similar service providers to collect information about all customers whose transactions exceed $1,000.
  • The FATF is not just asking for information about the initiator of the transaction.
  • The exchanges must also collect information about the recipient and pass it on to the recipient’s payment service providers.
  • What sounds simple could prove extremely difficult in practice.

The catch is the technical nature of crypto currencies. After all, wallet addresses are anonymous, so the exchanges cannot know who the recipient of a payment is. John Roth, Chief Compliance and Ethics Officer at Bitcoin’s Bittrex exchange, outlined the only two possible scenarios to Bloomberg:

Either a complete and fundamental restructuring of the blockchain technology will be necessary, or a global parallel system will be needed, which has to be set up among the 200 or so stock exchanges in the world.

According to Bloomberg, some crypto exchanges are actually considering setting up such a system. This would probably lead to increased compliance and transaction costs. In such a case it would be conceivable that customers would settle their Bitcoin transactions directly and without the stock exchanges. It remains questionable how quickly and with what severity the regulations are implemented. The FATF could well grant the industry a transitional period. Whether an international regulatory framework will come, however, is certain. Only a few days ago, the G20 countries agreed on the need for a multilateral solution.

The Trend of Bitcoin Casinos

bitcoin gambling

Functionality and Benefits of the popular BTC Casinos

Bitcoin is a digital currency that is not only secure but also trustworthy. The perfect payment system for online casinos.

Therefore, when depositing into online casinos using this method, the recipient will not be able to view any account details. Bitcoin has also become a very popular method of payment due to its ease of use and has therefore understandably become a big trend. Continue reading “The Trend of Bitcoin Casinos”