The "Experts" Crypto is getting all wrong

Bitcoin peaked at about 20,000 20,000, about a month ago, on December 17th. As I write, the cryptocurrency is below ,000 11,000 … about 45% loss. More than that $ 150 billion Lost market cap.

In crypto-commentators, many are seen rubbing their hands and teeth. It’s neck-to-neck, but I think the “excuse-makers” have the edge of the “I-told you” crowd.

Here’s the thing: If you haven’t just lost your shirt to Bitcoin, these aren’t important at all. And chances are the “experts” aren’t telling you what you’re seeing in the press.

In fact, the Bitcoin crash is great … because it means we can all stop thinking about cryptocurrency completely.

Death of Bitcoin …

After a year or so people will not talk about bitcoin in grocery stores or on the bus line, like now. The reason is here.

Bitcoin is a crop of frustration. Its designer explicitly stated that cryptocurrency is a response to the official misuse of Fiat currency, such as the double or the euro. It was supposed to provide a unique, peer-to-peer payment system based on virtual currencies that could not be reduced, as they had a limited number.

That dream has long been jettisoned in favor of raw speculation. Ironically, most people care about Bitcoin because it seems like an easy way to get more Fiat currency! They don’t own it because they want to buy pizza or gas with it.

In addition to being a terrific way to transact electronically – it’s painfully slow – the success of Bitcoin as a speculative drama has made it useless as a currency. If someone appreciates it so quickly, why spend it? Who will accept when it is rapidly declining?

Bitcoin is also a major source of pollution. It only takes 351 kilowatt-hours of electricity to process a transaction – it also releases 172 kilograms of carbon dioxide into the atmosphere. That’s enough to give one American family energy for a year. The energy used by all bitcoin miners to date could power about 4 million U.S. households a year.

Oddly enough, the success of Bitcoin as an old fashioned one Guessing game – Not even liberal uses imagined – Attracted by government crackdown.

China, South Korea, Germany, Switzerland and France have implemented or are considering banning or restricting bitcoin trading. Several intergovernmental organizations have called for concerted action to link the obvious bubbles. The US Securities and Exchange Commission, which once seemed to approve bitcoin-based financial derivatives, is now in a quandary.

And according to Investing.com: “The European Union is implementing stricter rules to prevent money laundering and terrorist financing on virtual currency platforms. It is also exploring the limits of cryptocurrency trading.”

We may one day see a functional, widely accepted cryptocurrency but it will not be Bitcoin.

… but a boost for crypto resources

Good. Getting Bitcoin lets us see where the real value of crypto assets is. Here’s how.

You need tokens to use the New York subway system. You can’t use these to buy anything else … even if you Can Sell ​​these to someone who wanted to use the subway more than you do.

In fact, if the subway tokens were in limited supply, there could be a lively market for them. They can even trade at a much higher price than they actually cost. It depends on how many people I want To use the subway.

In short, this is the scenario of the most promising “cryptocurrency” other than Bitcoin. They are not money, they are Token – “Crypto-Tokens,” if you wish. These are not used as ordinary currency. It’s only good for the platform they were designed for.

If these platforms provide valuable services, people will want those crypto-tokens and it will determine their value. In other words, crypto-tokens will be worth the amount that people pay for the things you can get for them from their respective platforms.

It will make them Real resources, With The underlying value – Because they can be used to achieve something that people value. This means you can reliably expect a stream of earnings or services from owning such national crypto-tokens. Critically, you can measure that stream of future returns against the value of the crypto-token, just as we do when we calculate the stock’s price / earnings ratio (P / E).

In contrast, Bitcoin has no underlying value. It has a price – the price determined by supply and demand. It cannot produce future earnings streams and you cannot measure anything like P / E ratio for it.

One day it will be worthless because it doesn’t give you anything real.

Ether and other crypto resources are the future

Crypto-token ether is guaranteed It seems Like currency it is traded on cryptocurrency exchanges under ETH code. Its symbol is the Greek eleventh letter. It has been mined in a similar (but less energy-intensive) process to Bitcoin.

But ether is not a coin. Its designers describe it as “the fuel for handling the distributed application platform Ethereum. It is a kind of money given to machines that perform the activities requested by the platform’s clients.”

Ether tokens allow you access to one of the world’s most sophisticated distributor computing networks. It is so committed that large companies fall on top of each other and develop for practical and real-world use.

Since most people who trade it do not understand or care about the true purpose, the price of ether has bubbled up like Bitcoin in recent weeks and has become fruitful.

In the end, however, Ether will return to stable prices based on the demand for computing services that it can “purchase” for the people. That will present the price Real value It may be valuable in the future. There will be a futures market for this and there will be exchange-traded funds (ETFs), because everyone will have a way to determine its underlying value over time. We do that with stocks.

What will be that value? I have no idea. But I know it will be much more than bitcoin.

My advice: get rid of your bitcoin and buy ether at the next dip.

Here are five tips to consider before investing in Bitcoin

In 2017, Bitcoin grew a lot and people made a lot of money in the process. Bitcoin is still one of the most successful markets. If you are just a beginner, you can do your homework before you pay for Bitcoin. Below are 5 expert tips that can help you avoid some common mistakes when trading Bitcoin.

Learn the basics first

First, you may want to learn the basics to get a better idea of ​​how you can buy and sell Bitcoin. Also, you may want to read reviews of popular Bitcoin exchanges for the best platform.

Like any other type of financial investment, you may want to look for ways to protect your investment. Make sure your property is protected against scammers and cyber-attacks. After all, security is the most important aspect of any investment.

2. Consider the market cap

It is not a good idea to make such a decision based on the price of the currency alone. However, the cryptocurrency value is effective if you consider the conventional existing supply.

If you want to buy Bitcoin, don’t pay too much attention to the existing value of the currency. Instead, you may want to consider the overall market cap.

3. Invest in bitcoin instead of mining bitcoin

The bitcoin mining industry is rapidly gaining in popularity. At first, it was not so difficult to earn bitcoin by cracking the cryptographic puzzle. Later, it was only possible to mine bitcoin in specialized data centers.

These centers are full of machines designed for bitcoin mining. Today, if you want to build a home-based mining center, you may have to spend millions. So, it is better to invest in bitcoins.

4. Diversify your investment

New bitcoin investors have short-term passion for cryptocurrencies. In fact, with Bitcoin you can diversify your investment risk. If you invest in cryptocurrency wisely, you can enjoy such rewards by investing in Forex. All you have to do is put together a solid risk management strategy.

In other words, you don’t want to put all your eggs in the same basket. So, you may want to invest in other cryptocurrencies as well.

5. Set clear goals

Since Bitcoin is a new market, it can be difficult for you to know the exact time to trade your Bitcoin. The value of Bitcoin is volatile, which means you should have as clear a goal as possible about your gains and losses.

You do not want to be frustrated if you cannot get the right pitch so invest in a good capo. Taking smart steps can help you reduce erosion and make good progress.

In short, if you are going to invest in Bitcoin, we suggest you follow the tips given in this article. This will help you make wise decisions and stay safe at the same time. You must be sure to avoid common mistakes while running this business.

Cryptocurrency volatility, a profitable rollercoaster

This year we can observe that cryptocurrencies move up and down 15% of the value on a daily basis. Such changes in prices are known as an instability. But what if … is this completely normal and sudden change a feature of cryptocurrencies that allows you to make a good profit?

First, cryptocurrencies have taken it into the mainstream very recently, so all the news about them and rumors is “heated”. Perhaps after every statement by government officials about controlling or banning the cryptocurrency market, we notice huge price movements.

Second, the nature of cryptocurrencies is another “store of value” (as gold was in the past) – many investors consider these as options for backup investing in stocks, as physical assets like gold and fiat (conventional) currencies. Affects cryptocurrency volatility as well as transfer speeds. With the fastest, the transfer takes even a few seconds (up to a minute), which makes them a great asset for short-term business, if there is currently no good trend for other types of assets.

What everyone should keep in mind – that speed also goes for a lifetime trend in cryptocurrencies. The regular market can last for months or even years – here it takes place in a few days or even hours.

This brings us to the next point – although we are talking about a market worth billions of US dollars, it is still a very small amount compared to the traditional currency market or stock. So a single investor will not make a huge price change by trading 100 million in the stock market, but it is a significant and notable transaction on the scale of the cryptocurrency market.

Since cryptocurrencies are digital assets, they include cryptocurrency features or expanded blockchain collaboration under technical and software updates, which makes it more attractive to potential investors (e.g. Segwit activation essentially doubles the value of Bitcoin).

The combined reasons for these factors are that we are observing such huge price changes in cryptocurrency prices in a matter of hours, days, weeks, etc.

But answering the question in the first paragraph – one of the best rules of the business is to buy cheap, sell high – so having a short but strong trend every day (rather than keeping the weak ones permanent for weeks or months) gives a lot more chances if used properly. To gain modesty.

Cryptocurrency Dash has embarrassed Bitcoin here

Cryptocurrencies are all the rage right now.

Everywhere, you see headlines with impressive thousands of percent gain for “coins” like Bitcoin. But what gives them value? When did you use Bitcoin?

The truth is that this is not practical at present, mainly because of the amount of time it takes to complete a transaction. However there are other coins that can be effective as the number one cryptocurrency to make Bitcoin successful.

There is a lot to understand about the complexities of cryptocurrencies, but this article is more about exploring investment opportunities than explaining the science behind them.

A bubble in bitcoin?

One thing that is important to know is that the concept of “mining” is the very basis of cryptocurrencies. This is how new bitcoins are created.

In general, “miner” solves a complex math problem through special software and is rewarded with new bitcoins as a result. Then, the transaction is saved in the blockchain and those new bitcoins are officially introduced.

As more bitcoins become more prevalent, mining them becomes more complex and time consuming and less profitable. Thus, although about 80% of potential bitcoins are now in circulation, the latter will not be mined until 2140.

As most people know by now, Bitcoin has seen a huge rally this year. In fact, it’s up about 1,200% compared to last year, making many people think it’s in the bubble.

The total value of Bitcoins in circulation is now over $ 150 billion. If Bitcoin is a company, it will be in the top 50 in the United States.

I personally believe that Bitcoin is much more valuable than any other cryptocurrency because it was the first mainstream broke although it is still important. It rarely gives anything to other currency developers to improve.

The good news is that if you think you missed the boat with Bitcoin, there are plenty of other cryptocurrencies out there. Of course, some are scandalous, but others have real potential.

I believe that one of the real, practical uses is called dash.

Dash: Digital cash

First, the dash is ahead of the game in terms of convenience. Right now, bitcoin transactions take an average of about 10 minutes to an hour. Dash is setting up as the primary cryptocurrency that can be instantly transferred (less than a second) within the party, making it even more practical when it comes to buying things online or at a store.

One of the interesting features of Dash is that 10% of the newly mined coins are given to Dash DAO (decentralized autonomous body). Simply put, DAO is Dash’s treasury. Priced at more than 600 600 per currency, it’s 4 4 million per month.

It is important to know that no other currency has such consistent funding. With this money Dash DAO can develop and market the currency.

Also, one can submit an idea for any project to increase the value of the dash. Since then, the project has received thousands of dash developer votes. Dash is an example of a partnership with stores to build an effective way to transact for their content.

Of course, these developers make money from the dash, so anything that benefits and promotes the currency will be tempting.

This creates a circular effect, where the value of the currency is appreciated because it is better financed and marketed, then the DAO makes more money and is able to market the dash more.

A breakthrough for Dash

To date, Dash can be used to purchase goods or services from over 300 physical stores and over 100 websites. But the progress could come from the cannabis industry.

Right now, banks are not allowed to do anything with cannabis transactions; Everything has to be cash. Sellers cannot even keep money from their bank in any bank.

Not only does this bring about the risk of snatching, but these companies have to pay for cash savings and transportation. Is added quickly.

Being able to use Dash is huge for these vendors. It also means great things for dash prices.

The good news is it has already begun to progress. In April, Dash partnered with Alt Thirty Six, a digital payment system that has partnered with some of the country’s top dispensary business management software companies.

These software companies track transactions for hundreds of dispensary and delivery services. This means that Dash users already have hundreds of ways to use the currency.

Since Dash officially became the payment method in the Alt Thirty Six on October 11, its price has increased by 118%. It’s only been a month and a half.

Just the Beginning

With a market cap of just 8 4.8 billion compared to Bitcoin’s 6 156 billion, I believe Dash still has a lot more room to go.

The marijuana industry is just the beginning for Dash, but it’s great. In 2016, legal sales were around 7 7 billion. And an estimated $ 46 billion was sold on the black market.

And as more stores open and marijuana becomes legal, the legal number is expected to reach বিল 23 billion by 2021 and বিল 50 billion by 2026.

Again for Dash it only features the unique instant transaction of the beginning beginning making it an effective alternative to cash, giving it an edge over other cryptocurrencies like Bitcoin.

Multilayered cryptocurrency

The question is whether Bitcoin is being converted to a multilayered system. Well, the answer is yes. This article tries to outline the different levels depending on Bitcoin. All yours!

Have you heard of those who refer to Bitcoin as digital gold? Clearly, cryptocurrencies are rapidly gaining popularity and acceptance in the crypto world. The value of the currency is expected to rise further. However, it can also be noted that a currency can gain or lose 50% of its value overnight. This creates speculation among investors but the currency is still a “digital gold”. And in the question of whether Bitcoin is a multilayered system, it should be noted that Bitcoin exists on two main levels. These are the mining and semantic layers.

Mining level

This is the level at which the coin is made. In addition to bitcoins, ether is also created in this layer. After the currency is created, the legal blocks of bitcoins are transferred to the ledger. Here, coin production is done. It should be noted that currency originates from transactions that take place in blocks of bitcoins. Blocks are known as transaction fees. Coins can be made from the network itself, or you can say “from thin air”. The main advantage of producing coins from the network is that it provides incentives to miners

Semantic level

It provides a very important platform. The semantic level is the level at which bitcoins are used as a means of payment. It provides a platform to use Bitcoins as a value. The level seems very important, doesn’t it? Holders of Bitcoin currencies sign legal transactions that initiate the transfer of Bitcoins between semantic level nodes. Transfers were also made possible by creating smart contracts. Smart contracts transfer coins between different accounts.

Lightning network

You probably haven’t heard of the Lightning Network. This is the latest invention of the Bitcoin community. This level will have the ability to run on top of Bitcoin. With this discovery, an application level will come up that will be at the top of Bitcoin. It would be so exciting. The most interesting aspect is that its value can also be used for payment. This will be possible through the transport of its value among humans. With the discovery of the lightning network, Bitcoin will become a transport layer as well as an application layer.

As of today, the value of Bitcoin is estimated at about িয়ন 9 billion. It is also known that Bitcoin is a decentralized cryptocurrency. This means it operates without the control of any bank or administrator. Bitcoin is certainly occupying the crypto world.

More importantly, the technology used during bitcoin mining is called blockchain technology. It works by allowing the distribution of digital information, and without copying. Cryptos is a really exciting topic and in the near future bitcoins may surpass our mainstream currency.

Which cryptocurrency is better to invest in?

The value of Bitcoin has risen this year and even one gold-ounce has more new cryptocurrencies in the past market, which is even more surprising given the value of more than a hundred billion cryptocurrencies. On the other hand, the long-term cryptocurrency-outlook is somewhat blurred. It lacks progress among key developers which makes it attractive as a long-term investment and financing system.

Bitcoin

Yet the most popular, Bitcoin is the cryptocurrency that started it all. It is currently the largest market cap at around billion 41 billion and has been around for the past 8 years. Around the world, Bitcoin has been widely used and so far it is not very easy to exploit the weaknesses in the way it works. Bitcoin enables users to easily accept and send Bitcoins, both as a payment system and as a stored value. The concept of blockchain is based on bitcoin. To understand what cryptocurrencies are, one needs to understand the blockchain concept.

Simply put, a blockchain is a database distribution that stores every network transaction as a “blockchain”. Every user has a blockchain copy so when Alice sends 1 bitcoin to Mark, everyone on the network knows it.

Litcoin

An alternative to Bitcoin, Litcoin tries to solve many of the problems that Bitcoin holds. Unlike Ethereum, it is not as stable in most cases, but its value derives from the acceptance of most tough users, from which it pays to note that former googler Charlie Lee led Litcoin. He is practicing transparency with what he is doing with Litcoin and is quite active on Twitter.

Litcoin has been the second fry of Bitcoin for quite some time but things started to change in early 2017. First, Litcoin was adopted by Coinbase with Etherium and Bitcoin. Subsequently, the Litcoin splitting center was solved by adopting segregated witness technology. This has given it the ability to reduce transaction fees and do more. The reason for the decision was when Charlie Lee decided to put his entire focus on Litcoin and even left Coinbase, where he was the engineering director, just for Litcoin. Because of this, the price of Litcoin has risen in the last few months, which is strong because it can be a real alternative to Bitcoin.

Etherium

Vitalic Butrin, the superstar programmer Etherium thought, could do what Bitcoin is capable of doing. Its purpose, however, should be primarily to be a platform for decentralized application creation. Blockchains where there is a difference between the two lies Basically, Bitcoin’s blockchain records a deal-type, which specifies whether funds have been transferred from one digital address to another. Ethereum, however, has significant expansion because it has more advanced language scripts and more complex, wider scope of applications.

Projects begin to explode on top of Ethereum as developers begin to notice its better qualities. Through token crowd sales, some have raised up to a few million dollars and this is still an ongoing trend. You can create great things on the Ethereum platform that makes it almost like your own. It has skyrocketed in price so if you bought Etherium for শ 100 earlier this year, it wouldn’t be worth about 000 3,000.

Moniro

Moni’s goal is to resolve the issue of anonymous transactions. Even if the currency is considered a form of money laundering, Moniro aims to change it. Basically, the difference between Moniro and Bitcoin is that every transaction in Bitcoin is public and features recorded transparent blockchain. With the help of Bitcoin, anyone can see how and where the money was transferred. However, Bitcoin does not have an incomplete identity. In contrast, Monroe is more opaque than the transparent transaction method. No one is quite sold this way but since some people prefer privacy for any purpose, Moniro is here.

Jackash

Unlike Moniro, Jackash aims to solve the problems that Bitcoin has. The difference is that Monroe is more partial in its blockchain style than fully transparent. ZCash also aims to solve the problem of anonymous transactions. After all, not everyone likes how much money they actually spend on Star Wars memorabilia. So, the conclusion is that this type of cryptocurrency really has an audience and demand, although it is difficult to say which cryptocurrency centered on privacy will eventually rise to the top of the pile.

Banker

Also known as “smart tokens”, the banker is the value of the new generation of cryptocurrencies that can hold more than one token in reserve. Basically, bankers try to make it easier to trade, manage and create tokens by increasing their liquidity level and giving them the opportunity to market automatically. At the moment, the banker has a product on the front-end that includes a wallet and a smart token. The community includes features such as status, profile and discussion. In short, the Banker protocol enables the search for a built-in value for liquidity for smart contract tokens through invented storage systems. With Smart Agreement, you can instantly liquidate or tokenize any token within the banker reserve. With the help of Banker you can easily create new cryptocurrencies. Who wouldn’t want that now?

EOS

Another competitor of Etherium, EOS promises to solve the scaling issue of Etherium through the provision of a few more powerful tools for running applications and building applications on the platform.

Tejos

As an alternative to Etherium, Tejas can be upgraded sens without much effort. This new blockchain has been decentralized in the sense that it is autonomous through the establishment of a digital true Commonwealth. This is to facilitate the mathematical technique called traditional verification and has the security-boosting features of the most financially weighted, sensitive smart contract. A great investment in the coming months, of course.

Judgment

It is strong to guess which bitcoin will become the next superstar in the list. However, in the case of cryptocurrencies, user adoption can always be a key to success. Both Ethereum and Bitcoin have it, and although there is a lot of support from early adopters of each cryptocurrency on the list, some have yet to prove their enduring power. Still, these are investors and will keep an eye on in the coming months.

5 Benefits of Trading Cryptocurrency

When it comes to trading cryptocurrencies, you have to guess whether the market you choose will go up in price. And the funny thing is, you never own a digital asset. In fact, trading is done with derivative products like CFDs. Let’s take a look at the benefits of trading cryptocurrencies. Read on to know more.

Instability

Although cryptocurrency is a new market, it is quite volatile due to the interest in short-term speculation. The price of Bitcoin has dropped from 19 19,378 in 2018 to 58 5,851 in just one year. While the value of other digital currencies is quite stable, this is good news.

What makes this world so exciting is the volatility of cryptocurrency values. Price movements offer a lot of opportunities for traders. However, it brings a lot of risks as well. Therefore, if you decide to explore the market, just make sure you do your research and put the risk management strategy together.

Business time

Generally, the market is open for 24/7 business because it is not regulated by any government. Moreover, there are transactions between buyers and sellers around the world. There may be short downtime when the infrastructure is updated

Improved liquidity

Liquidity refers to how fast digital currency can be sold in cash. This feature is important because it allows for faster transaction time, better accuracy and better pricing. In general, the market is significant as it is a financial transaction across different exchanges. Therefore, small businesses can bring big changes in prices.

Improved exposure

Since CFD trading is considered a profitable product, you can open a position on what we call “margin”. In this case, the value of the deposit is a fraction of the trade value. So, you can enjoy great exposure in the market without spending a lot of money.

The loss or profit will reflect the value of the position at the time of closing. Therefore, if you trade at a margin, you can make a lot of money by investing a small amount of money. But it also increases the amount of losses that can be more than your deposit in your trade. Therefore, make sure that you consider the total value of the position before investing in CFDs.

Also, it is important to make sure that you are following a risky risk management strategy, which should include appropriate limitations and stops.

Opening an account quickly

If you want to buy cryptocurrencies, make sure through an exchange. All you have to do is sign up for an exchange account and keep the currency in your wallet. Keep in mind that this process can be limited and can take a good deal of time and effort. However, once the account is created, the rest of the process will be quite smooth and free of complications.

Long story short, these are the most significant advantages of the cryptocurrency business here and now. Hopefully, you will find this article quite helpful.

What is a cryptocurrency?

A cryptocurrency or cryptocurrency (Saxon’s cryptocurrency) is a virtual currency that serves to exchange goods and services through an electronic transaction system without any intermediaries. The first cryptocurrency to start trading was Bitcoin in 2009 and many more have been launched since then, along with other features such as Litcoin, Ripple, Dezekin and others.

What are the benefits?

The difference between comparing a cryptocurrency with ticket money is:

They are decentralized: they are not regulated by banks, government or any financial institution

Anonymous: Your privacy is protected when making transactions

They are international: everyone’s opera with them

These are safe: your coins are kept in a personal wallet with a code that can be transferred from you and someone else that only you know

It has no intermediaries: transactions are conducted from person to person

Fast transactions: They charge interest on remittances to other countries and often take a few days to confirm; A few minutes with cryptocurrency.

Irrevocable transactions

Bitcoins and any other virtual currency can be exchanged for any world currency

It cannot be duplicated because it is encrypted with a sophisticated cryptographic system.

In contrast to currency, the value of electronic coins is subject to the oldest rules of the market: supply and demand. “Currently it is worth more than 1000 1,000 and like stock, this value supply or demand can go up or down.

What is the source of Bitcoin?

Bitcoin is the first cryptocurrency created by Satoshi Nakamoto in 2009. He decided to launch a new currency.

Its specialty is that you can only operate within the network of the network.

Bitcoin refers to both the currency and the protocol and the red P2P on which it depends.

So, what is Bitcoin?

Bitcoin is a virtual and indomitable currency. This means you can’t touch any of its forms like coins or bills, but you can use it as a way to pay in the same way.

In some countries you can cash in on an electronic debit card page that exchanges money with cryptocurrencies like XAPO. For example, in Argentina we have more than 200 bitcoin terminals.

Undoubtedly, decentralization distinguishes Bitcoin from traditional therapeutic currencies and other virtual payments such as Amazon Coins, Action Coins. Bitcoin is not regulated by any government, institution, or financial entity, state or private, like the euro, controlled by the US Federal Reserve, the central bank, or the dollar.

Take real control over Bitcoin, indirectly through their transactions users get through P2P (point to point or point to point) exchange. This lack of structure and control makes it impossible for any authority to transfer its value or produce in large quantities to cause inflation. Its production and quality are based on the law of supply and demand. Another interesting detail of Bitcoin is the limit of 21 million coins, which will reach 2030.

How much does a bitcoin cost?

As we mentioned, the value of Bitcoin is based on supply and demand and is calculated using an algorithm that measures transactions and the amount of transactions with Bitcoin in real time. Bitcoin is currently priced at US 9 9,300 (March 11, 2018), although this value is not very stable and Bitcoin is classified as the most volatile currency in the foreign exchange market.

Things that look positive for cryptocurrency

Although the market for cryptocurrency markets has been revised in 2018, everyone agrees that the best has not yet arrived. There has been a lot of activity in the market that has changed to improve the tide. With proper analysis and the right dose of optimism, anyone who has invested in the crypto market can earn millions from it. The cryptocurrency market is here for the long term. Here in this article, we will give you five positive reasons that can encourage more innovation and market value in cryptocurrencies.

1. Scaling Innovation

Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it is not without issues. The main obstacle of is is that it can handle only six to seven transactions per second. In comparison, credit card transactions average a few thousand per second. Clearly, there is scope for improvement in the scaling of transactions. With the help of peer-to-peer transaction networks at the top of blockchain technology, it is possible to increase the volume of transactions per second.

2. Legal ICOs

With cryptocurrencies on the market with stable values, new coins are being created that are designed to serve a specific purpose. Coins like IoT are designed to help market the Internet of Things for exchanging electronic currencies. Some currencies consider cybersecurity with encrypted digital vaults to save money.

New ICOs are coming up with innovative solutions that undermine existing markets and bring new value to transactions. They are gathering authority in the market with easy exchange and reliable backend activity. By giving investors more freedom and options in return, they are inventing technologies related to both mineralization and the use of specialized hardware for financial markets.

3. Clarity about the rules

In the current situation, most governments are researching the impact of cryptocurrencies on society and how its benefits can be extended to the community at large. We can expect that reasonable conclusions can be made based on the results of the study.

Few governments are taking the path of legalizing and controlling the crypto market like other markets. This will prevent ignorant retail investors from losing money and protect them from losses. Regulations encouraging cryptocurrency growth are expected to appear in 2018, which is expected to pave the way for potentially widespread adoption in the future.

4. Increase application

There is a lot of incentive to apply blockchain technology in virtually every industry. Some startups are coming up with innovative solutions such as digital wallets, debit cards for cryptocurrencies, etc. which will increase the number of merchants willing to transact in cryptocurrency which will increase the number of revolving users.

The reputation of crypto assets as a medium of transaction will be further strengthened as more people believe in this system. While some startups may not survive, they will play a positive role in the overall health of the market in terms of competition and innovation.

5. Investments from financial institutions

Many international banks are watching the cryptocurrency scene. This could lead to the entry of institutional investors into the market. Adequate institutional investment flows will propel the next step in the growth of cryptocurrencies. It has adopted the fancy tricks of many banks and financial institutions.

As the surprises and barriers around cryptocurrencies diminish, traditional cryptocurrency investors will be more accepted. Cryptocurrency will become the de facto currency for transactions around the world.

How does cryptocurrency gain value?

Cryptocurrency is the latest ‘big thing’ in the digital world and is now recognized as part of the financial system. In fact, enthusiasts have tagged it as a ‘money revolution’.

Clearly, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for any central authority, most of which were created through a special calculation method called ‘mining’.

Currencies such as the US dollar, the Great British pound, and the euro are accepted as legal tender because they are issued by the central bank; Digital currencies, such as cryptocurrencies, do not depend on the public’s trust and confidence in the issuer. As such, several elements determine its value.

The elements that determine the value of cryptocurrency

Principles of free market economy (mainly supply and demand)

Supply and demand determine the value of anything of value, including cryptocurrency. This is because if more people are willing to buy a cryptocurrency and others are willing to sell, the price of that particular cryptocurrency will increase and vice versa.

Mass adoption

The widespread use of any cryptocurrency can determine its value to the moon. This is due to the fact that many cryptocurrencies keep their supply within a certain range and according to economic policy, the price of that particular product will increase due to the increase in demand without a relative increase in supply.

Multiple cryptocurrencies have invested more resources to ensure their public acceptance, with some highlighting the applicability of their cryptocurrencies to suppress their personal life issues, as well as to make important daily issues essential to their daily lives.

Fiat inflation

If a Fiat currency, such as the USD or GBP, inflates, its price rises and purchasing power decreases. This will then create cryptocurrencies (use Bitcoin for example) with respect to Fiat. The result is that you will be able to earn more Fiat with every bitcoin. In fact, this situation has become one of the main reasons for the rise in the price of Bitcoin.

History of scams and cyber attacks

Scams and hacks are also key factors that affect the quality of cryptocurrencies, as they are known to cause wild fluctuations in valuation. In some cases, a group supporting a cryptocurrency can be a scammer; They will pump up the price of cryptocurrency to attract suspects and when their hard earned money is invested, the price is shortened by scammers, who disappear without a trace.

So it is important to be aware of cryptocurrency scams before investing your money.

Some other factors that affect the value of cryptocurrency need to be considered, including:

  • The way cryptocurrency is stored, its usefulness, security, ease of acquisition and cross-border acceptability

  • Community strengths supporting cryptocurrency (including financing, innovation and loyalty of its members)

  • Less related risk of cryptocurrency as available by investors and users

  • News Sensation

  • Market liquidity and cryptocurrency volatility

  • Country regulations (including the prohibition of cryptocurrency and ICO in China and its recognition as a legal tender in Japan)