Ethereum (ETH) Price, Charts, and News | Coinbase

Whether it’s the concept of cryptocurrency or the diversity of their portfolios, people from all walks of life are investing in digital currency. If you are new to the concept and wondering what is going on, here are some basic ideas and considerations for investing in cryptocurrency.

What cryptocurrencies are available and how do I buy them?

With a market cap of about $ 278 billion, Bitcoin is the most established cryptocurrency. Ethereum is in second place with a market cap of over $ 74 billion. In addition to these two currencies, there are many more options, including Ripple (28B), Litecoin ($ 17B) and MIOTA ($ 13B).

Being the first in the market, there is a lot of exchange for bitcoin trading around the world. BitStamp and Coinbase are two well-known US-based exchanges. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies with Bitcoin, this is a crypto marketplace where you will find all the digital currencies in one place. Here is a list of exchanges according to their 24-hour trade volume.

What options do I have to save my money?

Another important consideration is saving coins. An alternative, of course, is to store them on the exchange where you buy them. However, you need to be careful when choosing an exchange. The popularity of digital currencies has led to many new, unknown exchanges popping up everywhere. Take the time to do your best so you can avoid scammers.

Another option you have with cryptocurrencies is that you can save them yourself. One of the safest options for saving your investment is a hardware wallet. Companies like Laser also allow you to store bitcoins and other digital currencies.

What is the market like and how do I know more about it?

The cryptocurrency market fluctuates a lot. The volatile nature of the market makes it more suitable for long-term play.

There are many established news sites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph, and Cryptocoin News. In addition to these sites, there are many Twitter accounts that tweet about digital currencies, including itBitcoinRTs and ltAltCoinCalendar.

The goal of digital currency is to disrupt the traditional currency and commodity market. Although these currencies still have a long way to go, the success of Bitcoin and Etherium has shown that there is real interest in the concept. Understanding the basics of cryptocurrency investing will help you get on the right track

The goal of Infliv is to provide more profit to all crypto traders without fees. This is the first complete exchange supporting multiple cryptocurrencies / tokens on a single platform.

Infliv is the name of a company which means information is live = INFLIV. Cryptocurrency and Blockchain are today’s demand and demand, the infliv Crypto Exchange Platform provides a user-friendly platform for new traders. It is a cryptocurrency exchange that enables users to trade multiple cryptocurrencies against BTC, ETH, USDT and native token IFV.

We aim to provide our clients a fast and secure trading experience with BTC, ETH, USDT and IFV trading options, prioritize the security of funds and user information to enable 2FA using Infliv users Google Authenticator, or a U2F security key. To protect the security of funds, most system funds are stored in cold wallets and only approx. 0.5% of crypto assets are accessible in hot wallets for daily platform operations.

Feature’s rollout

We will roll out the platform in the following order

• Spot trading

• Margin trading

• The future

• Anonymous instant exchange

Infliv will support trading pairs on the following coins

• BTC

• ETH

• USDT

• IFV

All traders want a minimum charge on crypto trading, so we have no trading fees. Infliv is the world’s first subscription-based cryptocurrency exchange where unlimited trades are made for a minimum monthly charge and your Infliv token stock receives revenue each month.

Infliv is a world class digital currency (cryptocurrency) exchange, Infliv is the world’s primary cryptocurrency offering (ICO) the only cryptocurrency exchange that allows you to trade on a monthly subscription, you do not have to pay per trade on the Infliv exchange, in the digital currency revolution of the world. The goal of Infliv is to provide more profit to all crypto traders without fees. This is the first complete exchange supporting multiple cryptocurrencies / tokens on a single platform.

Problems and solutions

Problems

Trading fees are usually only a small percentage or a fraction of a percent, so most people do not pay attention to them. But when you become a professional trader – or you want to be one, that means you pay a lot more in the form of fees over time.

The solution

To avoid this, INFLIV is introducing the world’s first subscription-based cryptocurrency trading platform that still allows trading for a full month without a trading fee. Enjoy.

Details of token distribution

Infliv Token (IFV) is made with ERC20 token based on Ethereum blockchain technology. This technology brings scalability and security for the users, token holders will be given exclusive benefits such as revenue. Infliv token holders receive 60% of the token ratio revenue from the total monthly subscription fee received on the Infliv Exchange and pay a monthly subscription fee using infliv tokens and receive a 50% discount on the fee. Infliv (IFV) supports all Ethereum wallets.

Why You Should Buy Infliv Token?

Infliv presents a solid investment opportunity for investors looking to build assets in a given period of time. This is not a scheme to get rich quick or to make money overnight. Investors who purchase tokens and hold on to them in the long run will achieve exceptional results and return on their investment.

• Experienced management team with experience running successful companies.

• All traders want a minimum fee in trading. We have no trading fees.

• Infliv is currently the world’s first subscription-based cryptocurrency exchange.

• Token holders will be given exclusive benefits such as revenue. Infliv token holders receive 60% of the total token ratio revenue from the total monthly subscription fee received on the Infliv Exchange and pay a monthly subscription fee using infliv tokens and receive a 50% discount on the fee.

• In the future (2019), Infliv will create a decentralized exchange, where IFV will be used as a core resource as well as consumed gas.

• 24 hours customer support. We’ve seen that cryptocurrency is the currency of the future and blockchain is the new invention of this century, so we’re providing our customers with fast and secure trading experience in BTC, ETH, USDT and IFV trading options, Infliv Fund and Google Security Users need information to enable 2FA using keys. To protect the security of funds, most system funds are stored in cold wallets and only approx. 0.5% of crypto assets are accessible in Hot Wallets for daily platform operations.

Bitcoin cryptocurrency is buzzing around the world, whether you are on the internet or in any media. This is one of the most exciting and bizarre things that has come into existence in the last few years. More importantly, you can earn a great return by trading Bitcoin or you can keep it for a long time.

You may have heard of stocks, commodities, forex and now a new currency called bitcoin trading which has a huge impact on our lives. In this beginner’s guide to Bitcoin Cryptocurrency, you will learn the ABCs of Bitcoin.

About Bitcoin Cryptocurrency

The rise of Bitcoin is not yet known, but a study was published in October 2008 under the pseudonym Satoshi Nakamoto from Japan. Its identity is still unknown and as of September 2017, about 1 million bitcoins were valued at more than $ 6 billion.

Bitcoin is a digital currency popularly known as cryptocurrency and is free from any geographical boundaries. It is not regulated by any government and all you need is an internet connection. As a newcomer, bitcoin technology can confuse you and is a bit difficult to know. However, I will help you dig deeper and see how you can make your first bitcoin trading comfortable.

Bitcoin works on cryptocurrency blockchain technology that is a digital public ledger and shared by anyone in the world. Whenever you trade bitcoin you will find your transactions here and anyone can use a laser to verify it. Executed transactions will be completely transparent and verified by blockchain. Bitcoin and other cryptocurrencies are part of the blockchain and it’s a great technology that only runs on the Internet.

Basic Terms Related to Bitcoin Cryptocurrency

Before you get ready to own your first bitcoin, it is good to know the basic terms related to bitcoin. This is called BTCO which is a fraction of bitcoin and 1 bitcoin is equal to 1 million bits. With the rise of Bitcoin some other alternative cryptocurrencies have also evolved. These are popularly called Altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many more.

XBT and BTC are the same thing and usually an acronym for Bitcoin. Mining is another term that is widely used and is actually a process performed by computer hardware for bitcoin networks.

What you can do with Bitcoin

You will be able to trade, transact, accept and save Bitcoin. You can send it to your friends, request it from friends and save it in your digital wallet. Even now, you can top-up your mobile / DTH directly by paying with Bitcoin.

Transaction costs are lower than PayPal, credit cards and other online intermediaries. In addition, it protects your privacy, which can be leaked to the Internet when using a credit card. It is extremely secure and no one can seize or steal coins. Due to the transparency of the system, it is not possible to operate it due to shared public ledger. You can verify transactions from anywhere and anytime.

Demand for this specialty has grown significantly as a result of recent corporate scandals. Japan has already legalized it and other countries may soon follow suit and prices could rise further.

I will cover the details about Bitcoin in the coming days where you will learn the great things about Bitcoin trading. You can comment on your opinion and ask something relevant to Bitcoin.

If you find this beginner’s guide to Bitcoin cryptocurrency useful, share and like it on social networks.

The ICO Key: Not too long ago, Bitcoin went through the process of coming into being and promising a possible future, although it was interpreted and perceived as an unreasonable move towards digital currency. In the years following Bitcoin’s maturation, the cryptocurrency ecosystem has exploded. Among the increasingly accelerated birth rates of newly launched coins is a type of transaction called “Initial Currency Offer” or ICO. An ICO is a financial aid tool that involves long-term trading of cryptocurrencies in exchange for the current value of the current cryptocurrency. According to The Financial Times, ICOs are not regulated by cryptocurrency supply and distribution laws where investors can spend money.

The Economist, on the other hand, describes the ICO as a digital token that is issued in the unusable distribution of logs and blockchains.

Wrapping up, we can say that ICOs are the way to create new handheld catapults for new cryptos.

Law: Smith + Crown explains that most ICOs are pedal software tokens that relate to the time before they were made available for purchase. To avoid legal requirements, ‘crowdsale’ or ‘donation’ is now the commonly used language instead of ICO.

Is there a possibility that the ICO may be slow: In this regard, Crypto Hustle, in a recent article, writes that ICO hysteria is due to people who first took Ethereum and are now interested in returning. So, it is not possible to predict whether the stages of the pursuit of happiness will be long lasting, but when the correction comes, we will see which cryptos will be kept.

If ICO is a safe buy: if you are not a risk taker and risk-changer without focusing on ending capitalism, or this content can bury you in the ground, without capital, then go ahead, this is your call.

Now that we have gathered the information about ICO, let us come to the final question.

What is the future of ICO: According to a 2017 survey report, “about 46% of ICOs did not reach productive levels despite raising about $ 104 million.”

Reasons:

• The risk of investing in cryptocurrencies increases.
• Strict regulations.
• Tough competition.
• Returns are declining.
• The volatile nature of cryptocurrency.

China has banned ICOs and Russia has illuminated completely different rules and regulations for ICOs, promising that investors can sell their tokens back. The ICO is difficult to promote on Google and Facebook, and Twitter has deliberately banned scam crypto accounts. The higher authorities believe that the blockchain has a living future but ICO? Its future is rotting inside its own skin struggling to cross the extra bridge to prove their credibility.

So yes. The death of the ICO is really taking a big shape in the air, and before we know it, it could merge and disappear as it did not exist in the economy. But there are still some coins that can go to the next bitcoins so you need to be on the lookout for the best ICOs.

In the early days of its launch in 2009, thousands of bitcoins were used to buy a pizza. Since then, after the cryptocurrency meteorite rose to US $ 65,000 in April 2021, it dropped by almost 70 percent to about US $ 6,000 by mid-2018, much to the dismay of many people – cryptocurrency investors, traders or general curious people Miss.

How it all started

Remember that dissatisfaction with the current financial system has led to the development of digital currency. The development of this cryptocurrency is based on Satoshi Nakamoto’s blockchain technology, a pseudonym apparently using a developer or group of developers.

Despite many opinions predicting the demise of cryptocurrency, the effectiveness of Bitcoin has inspired many other digital currencies, especially in recent years. The success of crowdfunding brought on by blockchain fever has also attracted them to scandalize the undoubted public and it has come to the notice of regulators.

Outside of Bitcoin

Bitcoin has inspired many other digital currencies, with more than 1,000 versions of digital coins or tokens now available. These are not all the same and their values ​​vary greatly as their liquidity.

Coins, altcoins and tokens

Suffice it to say that there are subtle differences between coins, altcoins and tokens at the moment. Altcoins or alternative coins usually describe other than the advanced bitcoin, although altcoins such as ethereum, litecoin, ripple, dogecoin and dash are considered the ‘major’ categories of coins, meaning they are traded on more cryptocurrency exchanges.

Coins act as a currency or value store where tokens use resources or utilities, an example being a blockchain service that manages the supply chain to validate and track wine products from wineries to consumers.

One thing to note is that low-priced tokens or coins offer the opposite opportunity but do not expect the same kind of meteor growth as Bitcoin. Simply put, lesser known tokens may be easier to buy but harder to sell.

Before entering into a cryptocurrency, start by studying the trading strategies described in the white paper, including each initial currency offer or ICO, such as pricing and technical considerations.

For those familiar with stocks and shares, this is not like an initial public offering or an IPO. However, IPOs are issued by companies with real assets and a business track record. It is all done in a controlled environment. On the other hand, an ICO is based entirely on an idea proposed by a business on a white paper – still functional and without resources – which is looking for funding to start.

Uncontrolled, so buyers beware

‘Unknown things that cannot be controlled’ is probably the sum of the situation with digital currency. Regulators and regulators are still trying to catch up with cryptocurrencies that are constantly evolving. The golden rule of crypto space is ‘cavit emptor’, let the buyer be careful.

Some countries are keeping an open mind to adopt a hands-off policy for cryptocurrency and blockchain applications, and are directly monitoring scams. Yet regulators in other countries are more concerned with the disadvantages than the benefits of digital money. Regulators generally recognize the need to maintain a balance, and some are looking at existing securities laws to try to handle one of the many tastes of cryptocurrency worldwide.

Digital Wallet: The First Step

A wallet is essential for getting started in cryptocurrency. Think e-banking but subtract the protection of the law in the case of virtual currencies, so security is the first and last thought in the crypto space.

Wallets are digital type. There are two types of wallets.

• A hot wallet connected to the Internet that puts users at risk of being hacked

• Cold wallet that is not connected to the Internet and is considered secure.

In addition to the two main types of wallets, it should be noted that one is for cryptocurrency and the other is for multi-cryptocurrency. There is also the option of having a multi-signature wallet, somewhat like having a joint bank account.

The choice of wallet depends entirely on the user’s preference for Bitcoin or Etherium, as each currency has its own wallet, or you can use a third-party wallet that incorporates security features.

Wallet notes

The cryptocurrency wallet contains a public and private key with a record of personal transactions. Public key includes references to cryptocurrency accounts or addresses, not unlike the name used to receive check payments.

The universal key is available for public viewing, but transactions are confirmed only after verification and validation based on the relevant consensus process with each cryptocurrency.

The personal key can be considered as a PIN that is commonly used in e-financial transactions. This follows that the user should never disclose a private key to anyone and should back up this data which should be stored offline.

It is understandable to have a minimum cryptocurrency in a hot wallet while a large amount should be in a cold wallet. Losing a personal key is as good as losing your cryptocurrency! The usual precautions apply to online financial transactions, ranging from having strong passwords to warnings of malware and phishing.

Wallet format

Different types of wallets are available according to individual preferences.

• Hardware wallet made by a third party to buy. These devices work somewhat like USB devices that are considered secure and only stay connected when the Internet is needed.

• Web-based wallets offered by crypto exchanges are considered hot wallets, putting users at risk.

• Software-based wallets for desktop or mobile are mostly available for free and may be provided by a currency issuer or a third party.

• Paper-based wallets can be printed in QR code format with relevant data on proprietary cryptocurrencies, including public and private keys. They should be kept in a safe place until they are needed during crypto transactions and should be copied in case of accident such as loss of water or fading of printed data over time.

Crypto Exchange and Marketplace

Crypto exchanges are trading platforms for those interested in virtual currencies. Other options include websites for direct transactions between buyers and sellers as well as brokers where there is no ‘market’ value but it is based on agreement between the parties to the transaction.

So, there are many crypto exchanges in different countries but the security practices and infrastructure standards are different. Allows anonymous registration starting from which only email is required to open an account and start trading. However, there are some that require users to comply with international identity verification, known as No-Your-Customer, and the Anti-Money Laundering (AML) system.

The choice of crypto exchange depends on the user’s preference but anonymous trading may be limited to the permitted levels or may suddenly be subject to new rules in the exchange’s residential country. Minimal administrative procedures, including anonymous registration, allow users to quickly start trading while KYC and AML processes take longer.

All crypto trades need to be properly processed and verified depending on the volume of the coin or token being traded and which can take minutes to hours. Scalability is known as a cryptocurrency problem and developers are working on ways to find solutions.

Cryptocurrency exchange in two sections.

• Fiat-cryptocurrency offers such exchanges for the purchase of Fiat-cryptocurrency through bank or credit and debit cards or by direct transfer via ATM in some countries.

• Cryptocurrency only. There, crypto exchanges only trade in cryptocurrencies, meaning that customers must already own a cryptocurrency – such as Bitcoin or Etherium – to ‘exchange’ for other coins or tokens based on market rates.

Fees are charged for the convenience of buying and selling cryptocurrencies. Users should research to be satisfied with the infrastructure and security measures as well as determine the comfortable fees they charge at different rates charged by different exchanges.

Don’t expect a common market price for the same cryptocurrency with the difference exchange It may be worthwhile to spend time researching the best prices for coins and tokens of interest to you.

Online financial transactions carry risks and users should be aware of warnings such as two-factor authentication or 2-FA, the latest security measures and phishing scams. A golden rule of phishing is not to click on the links provided, no matter how authentic a message or email is.

Everyone has heard how Bitcoin and other cryptocurrencies have made them millionaires who recently bought a year ago. Not only is a profit of 1,000% or more possible, they are commonplace with many of these cryptocurrencies. Anyone who buys Bitcoin for less than $ 500 in May 2016 will make a profit of 1,400% in about 17 months. Then over the last few days, we’ve seen Bitcoin lose about 1,000, so it would be a huge insult to call these cryptocurrencies volatile.

Since the introduction of Bitcoin in 2008, we have been skeptical of the survival of cryptocurrencies in Trend News, because they pose a very clear threat to governments that want to see all transactions and pay taxes. But while we may still be wary of real cryptocurrencies, we are very much aware of the potential of the underlying technology that powers these electronic currencies. In fact, we believe that this technology will cause a significant disruption in how data is handled and that it will affect every sector of the world economy, such as the Internet media.

Here are some questions and answers to get us started …

Q: What is cryptocurrency?

The most popular cryptocurrency (CC) is BITCOIN. It was the first CC to be launched in 2008 Today there are over 800 CCs including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero and they are all “virtual”. There are no “physical” coins or coins.

Q: How does CC work?

CC is a virtual currency that exists in many large distributed databases. These databases use blockchain technology. Since every blockchain database is widely distributed, it is considered immune from hacking, as there is no focal point of attack and every transaction is visible to everyone on the network. Each CC has a team of administrators, often called “moneylenders”, who verify the transaction. A CC called Ethereum uses “smart contracts” to verify transactions. Crypto TREND will provide more details in the upcoming news release.

Q: What is a blockchain?

Blockchain is a technology that underpins all CCs. For the purchase, sale or exchange of CC, each transaction is entered into a block which is added to the chain. This technology is complex and will not be explained here, but it has the potential to revolutionize the financial services industry, as transactions can be executed quickly and easily, and fees can be reduced or eliminated. The technology is also being tested for application in many other industries.

Q: Is CC Exchange regulated by the government?

For the most part, the answer is no, which is a big attraction in this market for some users. It is now the “Wild West”, but governments in most developed countries are examining the market to see if any controls may be needed. A big decision is whether CC will be considered as a currency or a product / security. Canada and the USA have so far declared that CCs are legal, but the situation remains fluid in terms of reporting and tax implications. Crypto TREND will track and report these developments.

Q: How do I invest in this market?

You can buy, sell and exchange CC using the services of specialized “exchanges” which act as brokerages. You start by selecting an exchange, setting up an account and transferring Fiat currency to your account. You can then place your purchase and sale CC order. There are many exchanges around the world. Opening an account is fairly easy and these exchanges have their own rules regarding initial funding and withdrawals.

Crypto trend CC Exchange will be recommended in future.

Q: Where do I put my CC?

You need to have a digital wallet to get the freedom to move your crypto currencies around and pay the bills. These wallets come in a variety of formats, such as desktop, cloud-based, hardware (USB), mobile phones and paper. Many of them are free, however, security is a big factor because no one ever wants to lose or steal their wallets. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrencies for certain financial transactions, such as money transfers and bill payments. The list of cryptocurrency companies is growing rapidly, and includes big hitters such as Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway, and WordPress.

Q: What next?

As we get started, we’ll keep each crypto trend article short and keep the scope of each one as narrow as possible. As we mentioned earlier, we believe that cryptocurrency technology will be a game changer and potential investment opportunities like this come once or twice in a lifetime. Make no mistake, the initial investment in this sector is only for your most speculative capital, the money that you can lose.

Even if you don’t want to invest at this time, gaining an initial idea of ​​this new disruptive technology will put you in a better position to benefit from our recommendations as we move forward.

Stay tuned for more news and specific recommendations from Crypto TREND as we embark on a journey that may at first seem like an exotic jungle. It is a volatile market and may not appeal to all investors, however, the crypto trend will be your guide if you are ready.

Stay tuned!

Want to get 70 fast but don’t know where to start? This guide will show you how to grind your path to 70, and show you the best leveling spots in each zone.

Hellfire Peninsula 60-61

The best grinding spot in the area is the Rathguard on the Legion Front. Most of the people in this area are non-squish, so these people die quickly.

Jangarmarsh 61-63

Fungor Cavern is the best grinding spot in the zone because the marsh elements die quickly and do not cause much damage. This is a good place to hang out for a while, but you should focus more on exploring this zone.

Terakkar Forest 63-65

Although not all mobs at Firewinding Point are easy, they are the best mobs to crush in the zone. Sometimes the additions can slow down the grinding a bit. It may not be a great grinding spot but it is probably the best in the region. Make sure you get searches for firewalling points before you go there

Nagrand 65-67

The Vi’aani Clan in the vicinity of Oshu’gun (especially in the 3 small crystal areas) is the best grinding spot for this region. Voidspans around the area also die quickly If you find that you are not getting enough XP to do the searches, you can just squeeze these ethers and hang out here.

Blade’s Edge Mountains 67-68

Questing is the easiest way to level up here because there is no single good grinding spot here.

Netherlandsstorm 68-69

There are no really good grinding spots in this area, the Rathbringers and the Terror Guards are probably the best crowds to crush in this area. Another decent place to be is at the Ethereum Staging Ground, at 55.39

Shadomoon Valley 69-70

Legion Hold is one of the best grinding spot period. Shadow Council Warlocks die very quickly and loot well. Sometimes there is an elite for which you have to be careful.

Now you know exactly where to crush. Happy leveling!

Cryptocurrency tends to get better every day. Like your viral posts on social media, it continues to increase your resources A contagious financial tool for a good portfolio and a catalyst for growth. An interesting fact is that there are more than 5000 cryptocurrencies.

2021 has been a great year, but where do we go from here?

Let us make the situation bigger here. Both Bitcoin and Ethereum have touched high bar of performance. Long-term investors are relying on it. As you read this article, there may be more wonderful news about cryptocurrency. I will try to highlight the future possibilities of cryptocurrency here.

There are currently new rules. They are under the carpet. Measures have been taken to reduce the risk from cyber criminals. The purpose is to make this investment a safe tool for people. For example: China declared in September that all cryptocurrency transactions were illegal. Clear regulations will remove all obstacles to make it a safe trade.

How will the new regulations affect investors?

It will be easier to track IRS tax evasion. Investors can keep a transparent record of transactions. For example: It would be easy to record a capital gain or loss on a crypto-asset. On the other hand, fluctuations in cryptocurrency prices will also affect the market.

ETF Approval – An Important Thing to Consider

Bitcoin ETF debuted on NYSE. This will help investors to purchase cryptocurrencies from existing investment firms. Due to increasing demand, both equity and bond markets cope with it. Let’s look at it from the investor’s point of view. The easy availability of cryptocurrency assets helps people to buy them without any hassle. If you plan to invest in Bitcoin ETFs, keep in mind that the risks are the same as for other cryptocurrencies. You have to be willing to take risks. Otherwise, it is useless to invest your money.

What will happen in the future?

Bitcoin is the best in the crypto market. It has the highest market capitalization rate. In November 2021, the price rose to 000 68,000. The rate was $ 60,000 in October and $ 30,000 in July. There are high fluctuations in market prices. Experts recommend keeping the market risk below 5% for cryptocurrencies in the portfolio. People are optimistic about short-term growth. One reason to consider the volatility of Bitcoin prices. If you want to play for a long time, short term results will not affect you.

It is not a good idea to look at a corner from it to increase your wealth. In addition to cryptocurrency, stick to traditional investment tools. For example: If you want cryptocurrency as a tool to save for your leisure, then it is time to reconsider your decision. Keep your investments small and diversify them. This will reduce the risk factor. At the same time, you will have more time to think about cryptocurrency.

You need to spend your money wisely and then invest in cryptocurrency. One must evaluate the risk factor associated with it and make a decision. I hope this article helps you.

We live in an impatient age, and when it comes to money we want more of it, today, not tomorrow. Whether it’s a mortgage deposit or clearing the credit cards that have ruined our energy long after we’ve stopped enjoying what we’ve bought with them, the sooner the better. When it comes to investing, we want easy picks and quick returns. Hence the current mania for crypto-currencies. Why invest in nanotechnology or machine learning when Ethereum is locked in an endless upward spiral and Bitcoin is the gift that keeps coming?

A century ago, the American writer George S. Classon took a different approach. In The Richest Man in Babylon he gives the world a treasure trove – literally – of monetary policy based on things that may seem outdated today: caution, prudence and wisdom. Clausen used the wise men of the ancient city of Babylon as spokesmen for his financial advice, but that advice is as relevant today as it was a century ago, when the Wall Street crash and the Great Depression were visible.

Take the five laws of gold, for example. If you want to manage your personal finances wherever you are in life, here are some tips for you:

Law No. 1: Gold gladly and in increasing quantities anyone builds an asset for their future and their family with at least one tenth of their income. In other words, save 10% of your income. The lowest. Save as much as you can. And that 10% is not for next year’s vacation or a new car. It’s for the long term. Your 10% may include your pension contribution, ISA, premium bonds or any type of high interest / restricted access savings account. OK, interest rates for savers are now at historic lows, but who knows where they will be in five or ten years? And compound interest means your savings will grow faster than you think.

Law No. 2: Gold works for the wise owner with perseverance and contentment to find profitable employment for it. So, if you want to invest instead of saving, do it wisely. There is no crypto-currency or pyramid scheme. We are focusing on the words “profitable” and “employment”. Use your money for yourself but remember that the best thing you can expect for this side of the rainbow is fixed income in the long run, not a lottery win. In reality it probably means shares of an established company that pays regular dividends and a steady upward trend in the share price. You can invest directly, or through a fund manager in the form of a unit trust, but before splitting with a single penny, see Acts 3, 4 and 5 …

Law No. 3: Gold clings to the protection of the careful owner who invests it on the advice of wise men to manage it. Before you do anything, talk to a qualified, experienced financial advisor. If you don’t know one, do some research. Check them out on the internet. What skills do they have? What kind of client? Read reviews. Call them first and feel what they can offer you, then decide if the face-to-face meeting will work. See their commissioning system. Are they independent or affiliated with a specific company, under a contract to push that company’s financial products? A decent financial advisor will encourage you to get the basics: pension, life insurance, living somewhere, emerging markets and space travel before you invest. When you are satisfied that you have found a mentor whom you can count on, listen to them. Trust their advice. But review your relationship with them at regular intervals, say annuals, and look elsewhere if you’re not happy. Chances are, if your verdict is correct in the first place, you will stick with the same adviser for many years.

Law No. 4: Gold is removed from the business or purpose for which it is invested, with which they are not acquainted or which is not approved by the persons skilled in its preservation. If you have an in-depth knowledge of food retail, invest in supermarket chains in any way that increases market share. Similarly, if you work for a company that has an employee share ownership scheme, it means taking advantage of it, if you are sure that your company has good potential. However, you should never invest in a market or financial product that you do not understand (remember the crash!) Or cannot fully research. If you are tempted to try your hand at currency trading or alternative trading and you have a financial advisor, talk to them first. If they are not in a hurry, tell them to send you to someone like that. After all, no matter how great the potential return, stay away from something you’re not sure about.

Law No. 5: Gold escapes the person who tries to earn the impossible or who follows the tempting advice of fraudsters and conspirators or who believes in his own inexperience. Again, the fifth law follows the heels of the fourth. If you start searching the internet for financial advice and wealth creation ideas, your inbox will soon be filled with “tricksters and conspirators” if you invest £ 999 in their “system” to turn £ 1 into X 1XXXXXX. Chicago Mercantile Exchange. Remember, the only one who makes money in the gold rush is the one who sells the shovel. Buy the wrong shovel and you’ll quickly dig yourself into debt. You don’t pay for a system with no proven value; By following this you will probably lose a lot more than the price you paid for it. At least you should check the actual review of the product. And never buy a system, investment vehicle or financial product from an organization that is not registered with the National Watchdog, such as the Financial Conduct Authority for the UK.

Introduction: To invest in cryptocurrency

The first cryptocurrency to come into existence was Bitcoin, which was built on blockchain technology and was probably launched in 2009 by a mysterious man, Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins were mined and it is believed that a total of 21 million bitcoins could be mined. The other most popular cryptocurrencies are Etherium, Lightcoin, Ripple, Golem, Civic and Bitcoin hard forks such as Bitcoin Cash and Bitcoin Gold.

It advises users not to keep all money in one cryptocurrency and to try to avoid investing in cryptocurrency bubbles. It has been noticed that prices have dropped sharply while at the top of the crypto bubble. Since cryptocurrency is a volatile market, users must invest the amount they can lose because there is no government control over cryptocurrency because it is a decentralized cryptocurrency.

Apple co-founder Steve Wozniak predicts that Bitcoin is a genuine gold and that it will dominate all currencies like USD, EUR, INR, and ASD in the future and will become a global currency in the coming years.

Why and why not invest in cryptocurrency?

Bitcoin was the first cryptocurrency to come into existence and since then about 1600+ cryptocurrencies have been introduced with some unique features for each currency.

Some of the reasons I have felt and want to share are that cryptocurrencies have been created on decentralized platforms – so users do not need a third party to transfer cryptocurrencies from one destination to another, as opposed to fiat currency where a user needs to transfer money from one account to another. Bank-like platform for. Cryptocurrency is built on a very secure blockchain technology and the chances of hacking and stealing your cryptocurrency are almost nil unless you share some important information.

You should always avoid buying cryptocurrencies at the high point of the cryptocurrency-bubble. Many of us buy cryptocurrencies at the top in the hope of making quick money and fall prey to bubble hype and lose their money. It is good to do a lot of user research before investing money. It is always better to keep your money in multiple cryptocurrencies instead of one because it has been observed that some cryptocurrencies increase more, some average while other cryptocurrencies go into the red zone.

Cryptocurrency to focus on

In 2014, Bitcoin occupied 90% of the market and the remaining 10% occupied cryptocurrency. In 2017, Bitcoin still dominated the crypto market but its share fell from 90% to 38% and Altcoins like Litecoin, Ethereum, Ripple grew rapidly and occupied most of the market.

Bitcoin still dominates the cryptocurrency market but is not the only cryptocurrency you should consider when investing in cryptocurrency. Here are some key cryptocurrencies you must consider:

Bitcoin

Litecoin

Wave

Etherium

Tron

Citizens

Golem

Mind you

Where and how to buy cryptocurrency?

Although buying cryptocurrencies was not easy a few years ago, users now have many available platforms.

In 2015, there are two major bitcoin platforms in India, Unocoin wallet and Zebpay wallet where users can only buy and sell bitcoin. Users only need to buy Bitcoin from the wallet but not from another person. There was a price difference between purchase and sale rates and users had to pay a nominal fee to complete their transaction.

In 2017, the cryptocurrency industry grew exponentially and the price of Bitcoin rose spontaneously, especially in the last six months of 2017 which forced users to look for Bitcoin alternatives and surpassed 1.4 million in the Indian market.

Since Unodax and Zebpay are the two major platforms in India that dominated the market with 90% market share – which only traded in Bitcoin. This allows other companies to grow with other altcoins and even force Unocoin and others to add more currencies to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched UnoDAX Exchange, an exclusive platform for its users to trade multiple cryptocurrencies in addition to trading Bitcoin in Unocoin. There was a difference between the two platforms – Unocion was only offering instant buy-sell of Bitcoin where on UnoDAX, users could place an order for any of the available cryptocurrencies and the order would be executed if it matched the recipient.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users need to open an account on any exchange by signing up with email id and submitting KYC details. Once their account has been verified, anyone can start trading the coin of their choice.

Before investing in a coin, users need to be well-researched and not fall into the cryptocurrency-bubble trap. Users must research the reliability, transparency, security features of the exchange and much more.

All exchanges charge a nominal fee for each transaction. There are two types of charges – maker fee and taker fee. In addition to the transaction fee, one has to pay a transfer fee if you want to transfer your cryptocurrency to another exchange or to your personal wallet. Charges depend only on coins and exchanges because different exchanges have different price modules for coin transfer.

Major Altcoins other than Bitcoin

As mentioned above, Bitcoin dominates the market with a 38% market share, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges such as UnoDAX, Bitfinex, Kraken, Bitstamp have listed other currencies like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many more. If any coin matches your portfolio then you must buy it.

But, you must keep the money in the market that you can lose because the cryptocurrency market is very volatile and there is no government control over it.

When to buy?

There are no hard and fast rules when it comes to buying your favorite cryptocurrency. But we need to do research on market stability. You shouldn’t be at the top of a cryptocurrency bubble or when prices are constantly crashing. The best time is always considered when prices remain relatively low for some time.

Cryptocurrency storage methods

Before you buy any cryptocurrency you must understand how to keep your cryptocurrency safe.

Generally, all exchanges offer storage facilities where you can safely keep your coins. When you place cryptocurrencies on an exchange, no one must share their username, password, 2FA.

Paper Wallet, Hardware Wallet, Software Wallet are some of the channels where anyone can save their cryptocurrency.

Paper Wallet: Paper Wallet is an offline cold storage system for keeping your cryptocurrency. It prints your private and public keys on a piece of paper where the QR code is also printed. One has to scan the QR code for their future transactions. Why is it safe? No need to worry about your account being hacked or any malicious malware attack. All you have to do is secure your piece of paper in a locker and keep two to three pieces of paper wallet under your complete control if possible.

Hardware Wallet: A hardware wallet is a physical device where you keep cryptocurrencies safe. Hardware wallets come in many forms, but the most commonly used hardware wallet is USB. When you put your cryptocurrency in a hardware wallet, you just have to remember that you should not lose your hardware wallet because once it is lost you will not be able to recover your cryptocurrency.

A famous case where one person digs up 7000+ bitcoins, saves them in hardware wallet and puts another in hardware wallet. One day he threw away that hardware wallet so that he could save his cryptocurrency instead of the damaged hardware and he lost all his bitcoins.

What can be bought from cryptocurrency in India?

Most people assume that buying and selling a cryptocurrency is only for investment and for high returns in the long and short term. Influential and Bitcoin investors believe that in the coming years Bitcoin will dominate all Fiat currencies and be adopted as an international currency.

Dell is one of the largest e-commerce businesses that accepts Bitcoin as a payment. Expedia and UNICEF are other examples.

In India, Dream Book Mall was accepting Bitcoin as payment using Unicoin Merchant Services. People were booking movie tickets through BookMyShow or recharging their mobiles using the Unocoin platform. According to reports, they have stopped the service but are planning to resume it in the near future.

Conclusion:

Cryptocurrency is one of the growing investment sectors and it has given excellent returns in the past compared to real-estate, gold, stock-markets etc. You can buy cryptocurrencies and hold on to the long term to get excellent returns or go short term for quick profits as we have seen many coins grow at 1000% + in the past. Since cryptocurrency is a volatile market and the government has no control over the industry. One must invest in any cryptocurrency that they may lose.

You can save your cryptocurrency in hardware wallet, paper wallet, software wallet if you do not want to keep it at the exchange where you are trading.