6 Benefits of Investing in Cryptocurrencies

Forex Assassin is a new Forex trading tool that is already enjoying increasing popularity. This tool is specifically designed for novice traders who may have little time to trade. It was made up of the average jockey who has a day job, takes care of a family and can not only spend time monitoring the market all day, looking for indicators, signals and the like, but will still like to take his trading to a new level. To take

How to work with Forex Assassin

Every weekend you spend a few minutes of your time getting the right price from the market data. Forex Assassin is the only price you need from a price driven system. This makes it easier to understand, especially for novice traders.

You take your extracted data and plug in the proprietary Forex Assassin formula. It is a formula that has evolved over 11 years of extensive trading, testing, learning and fine tuning. The formula gives you ‘Profit Now’ and ‘Stop Loss’ prices for the Forex pair you want to trade. These are your prices for next week.

All you have to do is give your broker these prices and just let the market roll. These prices will ensure that your losses are minimized and profits are maximized so that overall you can earn more by working less.

The best thing about Forex Assassin is its simplicity. It is easy to use, understand and apply.

Today, if you want to make a lot of money with Bitcoin, your best bet is to trade instead of investing. All you have to do is buy and sell your coins and make a small profit after each sale. If you are just starting out, you need to start from scratch like everyone else. If you play the game well, you can make a lot of money in a short time. In this article, we have some tips that can help you enjoy a successful cryptocurrency trading career. Read on to know more.

If you are interested in making a lot of money in the Bitcoin business, there are several important things to consider. It all depends on your experience and intelligence. Without further ado, let’s take a look at some tips that can help you make a lot of money and avoid some common mistakes.

1. Know the risks first

This is one of the most common mistakes that most traders make. If you are unaware of the risks involved in this trade, you should not go on this adventure. You can lose a lot of money if you are not aware of the challenges.

Before you invest your hard-earned money, you may want to evaluate the risk. So, this is one of the most important things to consider.

2. Diversify your investments

When it comes to bitcoin trading, we recommend that you diversify your investments. This applies to all types of investments. In other words, if you only want to invest in Bitcoin, you are going to make a mistake. You also need to invest your money wisely in other cryptocurrencies.

This is important if you want to stay safe and reduce your losses and turn them into profits.

3. Be patient

Don’t hold money. All traders enter the world of cryptocurrency to make money. However, once you purchase your desired cryptocurrency, you will not be able to make money right now. And then there is no guarantee that you will continue to gain throughout your career journey. Therefore, you may want to be prepared to deal with such situations.

4. Do not be greedy

After all, it is important that you stay away from greed because it is your biggest enemy when it comes to trading cryptocurrencies. As the price of Bitcoin fluctuates, you need to be patient. It is not a good idea to be afraid of fluctuations and sell your coins right now. So, if you do not have patience, you will not be able to achieve success in your career as a businessman.

Summary

Long story short, here are some helpful tips that you can try if you want to succeed as a cryptocurrency trading. If you can play the game well, you can make good money in a couple of years even if it is not a month.

Following the 2008 financial crisis, a paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published, detailing the concepts of a payment system. Bitcoin was born. Bitcoin has attracted worldwide attention for its use of blockchain technology and as an alternative to Fiat currency and products. Dubbed the next best technology after the Internet, blockchain offers solutions to problems that we have failed to address or overlooked for decades. I won’t explore the technical side of it but here are some articles and videos that I recommend:

How Bitcoin Works Under the Hood

A gentle introduction to blockchain technology

Ever wondered how Bitcoin (and other cryptocurrencies) actually works?

Fast forward to today, February 5th, to be exact, Chinese authorities unveiled a new set of bans on cryptocurrency. The Chinese government has already done so last year, but many have dispersed through foreign exchange. It now lists the almighty ‘Great Firewall of China’ to block access to foreign exchanges to prevent its citizens from transacting any cryptocurrency.

To learn more about the Chinese government’s position, let’s go back to a few years back in 2013 when Bitcoin was gaining popularity among Chinese citizens and prices were rising. Concerned about price volatility and speculation, the People’s Bank of China and five other government ministries issued an official notice in December 2013 entitled “Bitcoin Financial Risk Prevention Notice” (link is in Mandarin). Several points were highlighted:

1. Due to various reasons such as limited supply, anonymity and lack of centralized issuers, Bitcoin is not an official currency but a virtual product that cannot be used in the open market.

2. Not all banks and financial institutions are allowed to offer Bitcoin-related financial services or engage in Bitcoin-related business activities.

3. All organizations and websites offering bitcoin-related services must register with the required government ministry.

4. Due to the anonymous and cross-border nature of Bitcoin, Bitcoin-related service providers should implement preventive measures such as KYC to prevent money laundering. Authorities must report any suspicious activity, including fraud, gambling and money laundering.

5. Bitcoin-related service providers should educate the public about Bitcoin and the technology behind it, and not mislead the public with misinformation.

In general terms, Bitcoin is classified as a virtual product (such as in-game credit) that can be bought or sold in its original form and cannot be exchanged for Fiat currency. It cannot be defined as money কিছু something that acts as a medium of exchange, a unit of accounting, and a repository of value.

Although the notice is dated 2013, it is still relevant to the Chinese government’s position on Bitcoin and, as mentioned, there is no indication of a ban on Bitcoin and cryptocurrency. Rather, regulations and education about bitcoin and blockchain will play a role in the Chinese crypto-market.

A similar notification was issued in January 2017, again emphasizing that Bitcoin is a virtual product and not a currency. In September 2017, the boom of initial currency offerings (ICOs) led to the publication of a separate notice entitled “Notice to Prevent Financial Risk of Issued Tokens”. Soon, ICOs were banned and Chinese exchanges were investigated and eventually shut down. (Hindsite is 20/20, they made the right decision to ban ICO and stop stupid gambling). Another blow to China’s cryptocurrency community came in January 2018 when mining operations faced serious crackdowns, citing excessive power consumption.

Although there is no formal explanation for the crackdown on cryptocurrencies, there are some key reasons cited by experts on capital control, illegal activity and protection of its citizens from financial risk. Indeed, Chinese regulators have imposed strict controls such as foreign direct investment caps to limit foreign withdrawal caps and capital outflows and to ensure domestic investment. The ease of anonymity and cross-border transactions has also made cryptocurrency a favorite medium for money laundering and fraudulent activities.

Since 2011, China has played a key role in the rise and fall of Bitcoin. At its peak, China accounted for 95% of global bitcoin trading volume and three-quarters of mining activity. With regulators taking steps to control trade and mining activities, China’s dominance in exchange for stability has shrunk significantly.

Countries such as Korea and India, following suit in the crackdown, now cast a shadow over the future of cryptocurrency. (I will repeat my point here: countries are controlling cryptocurrency, not banning it). Undoubtedly, we will see more nations pull the reins in the turbulent crypto-market in the coming months. In fact, some sort of order was overdue. Over the past year, cryptocurrencies have been experiencing price volatility that has not been heard of and ICOs are literally happening every day. In 2017, total market capitalization increased from 18 billion USD in January to an all-time high of 828 billion USD.

Nonetheless, despite the crackdown, the Chinese community is in surprisingly good spirits. Online and offline communities are evolving (I have personally attended several events and visited a few firms) and blockchain startups are spreading across China.

Major blockchain companies like NEO, QTUM and VeChain are getting a lot of attention in the country. Startups like Nebulas, High Performance Blockchain (HPB) and Bibox are also gaining traction. Even giants like Alibaba and Tencent are exploring the power of blockchain to expand their platform. The list goes on but you get me; It’s going to be HUGGEE!

The Chinese government is also embracing blockchain technology and has stepped up efforts in recent years to help build blockchain ecosystems.

In China’s 13th Five-Year Plan (2016-2020), it called for the development of promising technologies, including blockchain and artificial intelligence. It plans to intensify research on control, cloud computing and the application of fintech to big data. Even the People’s Bank of China is testing a prototype blockchain-based digital currency; However, while it may be a centralized digital currency that has been slapped with some encryption technology, it is still seen to be adopted by Chinese citizens.

In addition to launching the trusted blockchain open lab, the China Blockchain Technology and Industry Development Forum by the Ministry of Industry and Information Technology is another initiative of the Chinese government to assist in the development of blockchain in China.

A recent report entitled “China Blockchain Development Report 2018” (English version of the link) by China Blockchain Research Center details the development of the blockchain industry in China in 2017, including various measures taken to control cryptocurrency on the mainland. In a separate section, the report highlights the optimistic outlook for the blockchain industry and the widespread attention it received in 2017 from the VC and the Chinese government.

In short, the Chinese government has shown a positive attitude towards blockchain technology, despite its use in cryptocurrency and mining operations. China wants to control cryptocurrency, and China will get control. The purpose of repeated enforcement by regulators was to protect citizens from the financial risks of cryptocurrency and to limit the outflow of capital. Until now, Chinese citizens have been allowed to hold cryptocurrencies but are not allowed to make any transactions; So the exchange is forbidden. As the market stabilizes in the coming months (or years), we will undoubtedly see a resurgence of the Chinese crypto-market. Blockchain and cryptocurrency come hand in hand (except for personal chains where a token is unnecessary). Countries can’t ban cryptocurrency without banning blockchain like this Great technology!

One thing we can all agree on is that the blockchain is still in its infancy. Many exciting developments await us and this is definitely the best time to lay the foundation for a blockchain-enabled world right now.

Last but not least, HODL!

Today’s Foreign Exchange (Forex) trading is recognized as a profitable way to make money online. To trade Forex, you just need a computer with internet connection and an account with a forex broker. Since the market operates 24 hours a day (for 5.5 days a week), Forex traders operate largely independently regardless of location or time. Despite the high volume of daily turnover (around $ 2 trillion per day), it is surprising to know that only a few currencies are actively traded: the US dollar, the Australian dollar, the Japanese yen, the British pound, the Swiss franc, the Canadian dollar and the euro.

As a reality of Forex trading, even after it was opened to the public in 1998, Forex was mainly traded at large international banks. According to the Wall Street Journal Europe, 73% of trade volume is covered by the top ten. Deutsche Bank, at the top of the table, covered 17% of total currency trading; UBS in second place and Citigroup in third; Taking 12.5% ​​and 7.5% of the market. Other major financial contributors to the list are HSBC, Barclays, Merril Lynch, JP Morgan Chase, Coldman Sachs, ABN Amro, and Morgan Stanley.

For part of the market participants, approximately half of the transactions were made strictly between dealers (such as banks, or large currency dealers); Others are mainly among dealers and non-financial institutions.

In fact, traders often use one or more trading systems / software to trade Forex online. These softwares often come in a package when you open an account with Forex brokers. In short, this software works like this: Forex trading software connects to the broker’s system via the Internet, currency prices are updated live, and you make calls to trade through the software. This type of trading software often requires minimal computer power so it can be run on most home computers nowadays as long as it is connected to the Internet.

Here are some basic things you will find in most forex trading software:

1. Dealing Rate Window: Show currency pair prices with live updates. Usually the market low-high will also be shown in this window.

2. Open the position window: Show the number of tickets (trades) you have purchased. Initial information such as ticket number (trade reference number), amount of trade, currency, open position, current closed position and order are usually shown in this window.

3. Closed Position Window: Show the number (trades) of the tickets you have sold. Good trading software will show you the summary of your agreement in this window, for example, total profit / loss, open / closed position, amount of trades, as well as the sum of interest.

4. Account window: A window showing your overall status. Your account’s cash balance, equity balance, daily profit / loss, your gross profit / loss, usable margin and actual capital. Keep an eye on the usable margins of this window. Always keep a sufficient amount in the margin to avoid ‘margin calls’ which forces you to close all deals.

5. Automated Trade Order: In general, trade order functions are embedded in Forex trading software. For forex trading, stop loss order and limit order are the two most used functions.

Automated trading orders in Forex trading

Limited orders:

As a trader, you can place these orders when you want to buy / sell coins at a better price than the current market. Limit orders are often used to win automatically when the price reaches a certain level. For example, the current EUR / USD is at 1.2693 and your default limit order is 1.2700. The order will be executed automatically whenever the price reaches 1.2700.

It is important to learn that limit orders can only be placed at a minimum distance from the current market price. Also, such orders may be canceled or changed by you unless the limit order price tag is set higher than the minimum distance allowed.

Close order:

Stop orders, or sometimes known as stop loss orders, are automatic orders used to limit and limit the loss of an open position. It can also be used to lock the profit in your trade when the market is moving towards your choice.

The stop order works in a similar way. To limit the sale order, it predetermines the minimum selling price in certain deals. For example, EUR / USD 1.2693 with a stop order at 1.2685, if the price touches the 1.2685 level the system will sell part of your USD. In this case, the price is guaranteed at 1.2685, which means that even if the market sinks very quickly and it falls below 1.2685, you can sell your money at a pre-set price.

Stop orders work perfectly well in managing your risk profile. However, it is advised that the order should be used with caution as it provides a place for the market maker to cheat with your money.

Since the article is for beginners in Forex trading, you are probably a rookie looking for some learning resources in Forex trading. Obviously, there is no immediate solution to make you a pro trader. The only answer would be education. Take as much time as you can to learn these new trading skills well – practice what you will learn through a demo account before considering going ‘live’ with your own money. You need to get involved in seminars, ebooks, internet, as well as video courses.

Important: This position should not be considered as an investment council. The author focuses on the best currency in terms of actual use and acceptance, not from a financial or investment point of view.

In 2017, cryptographic markets set new standards for general profit. Almost every piece or chip has returned incredible. “A rising tide throws all the boats,” as they say, and the end of 2017 was a catastrophe. Price increases have created a positive feedback cycle, attracting more and more capital into crypto. Unfortunately, but inevitably, this dynamic market is leading to a huge investment. Money has been thrown indiscriminately at all kinds of dubious projects, many of which will not bear fruit.

In today’s bearish environment, hype and greed are replaced by a critical appraisal and discretion. Especially for those who have lost money, marketing promises, endless shilling and charismatic rhetoric are no longer enough. Well, the main reason for buying or holding a coin is Paramount again.

Fundamentals of evaluating a cryptocurrency-

There are a number of reasons that tend to overcome hype and price pumps, at least in the long run:

Adoption angle

While the technology of a cryptocurrency or ICO business plan may seem amazing without users, they are just dead projects. It is often forgotten that widespread acceptance is an essential feature of money. In fact, it is estimated that more than 90% of the value of Bitcoin is a function of the number of users.

While the recognition of fiat is granted by the state, the recognition of cryptography is entirely voluntary. Many factors play a role in the decision to accept a coin, but perhaps the most important consideration is the likelihood of others accepting the coin.

Security

Decentralization is essential for the I push model of true cryptocurrency. Apart from decentralization, we are a little closer to a register scheme than a real cryptocurrency. Confidence in individuals or organizations is the problem – trying to solve a cryptocurrency.

If a currency or central regulator can change the record of a broken transaction, it is questioning its fundamental security. The same applies to parts with uncertified code that have not been thoroughly tested for several years. The more you can rely on the code to perform the functions described, regardless of human influence, the greater the security of a currency.

Innovation

Legitimate coins try to improve their technology, but not for security. Real technological advancement is rare because it requires a great deal of skill and wisdom. Although there are always fresh ideas that can be screwed up, if the result is a weakness of the original purpose of a currency or critics think, the point is missed.

Evaluating innovation can be a difficult factor, especially for non-technical users. However, if a currency code is stagnant or does not receive updates that address important issues, it could be a sign that developers are weak about ideas or motivation.

Motivation

The underlying economic incentives of a currency are easy for the average person to realize. If a coin was holding a significant part of a large pre-mine or an ICO (initial part offer) team chip, then it is quite clear that the main inspiration gained. By purchasing what the team offers, you play your game and enrich it. Be sure to provide a real and reliable value in return.

5 cryptocurrencies to buy in 2018

There has never been a better time to reevaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that I think could be stuck or bought at their current depressing price (which, just caution, could go low).

# 1 Bitcoin (due to its decentralization)

Number one belongs to Bitcoin (BTC), which is the market leader in all segments. Bitcoin has the highest value, the broadest estimation, the highest security (because of the unprecedented energy consumption of bitcoin mining), the most famous brand identity (the thorns have tried to fit), and most developments are active and reasonable. This is by far the only piece that is represented on the American CME and CBOE in the conventional market in the form of Bitcoin Future Trading.

Bitcoin remains the main engine; The performance of all other components is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most other parts, if not most, will widen.

Bitcoin has several promising innovations in the pipeline that will soon be installed as an extra layer or soft fork. Examples are flash system (LN), tree, Schnorr signature Mimblewimbleund and many more.

Specifically, we plan to open a new range of applications for Bitcoin, as it allows large-scale, small transactions and instant and secure payments. LN is increasingly stable as users test their various possibilities with real bitcoin. As well as being easy to use, it can be assumed that adopting Bitcoin will greatly benefit it.

# 2. Litecoin (due to its perseverance)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin is no longer the anonymous technology of Bitcoin, the amazing report shows that the adoption of Litecoin in the dark market is now second, only Bitcoin. Although a currency that is much more suitable to me for the role of acquiring illicit goods and services, it probably presents itself as a consequence of the longevity of Litecoin: it was launched in late 2011.

Another reason for Litecoin is that it integrates Bitcoin SegWit technology, which means Litecoin is ready for LN. Litecoin could benefit from the exchange of nuclear chains. In other words, secure peer-to-peer trading of currencies without the participation of third parties (i.e. exchanges). Since Litecoin keeps its code largely synchronized with Bitcoin, it is well positioned to benefit from Bitcoin’s technological advancement.

# 3. Etherium (due to intelligent contract)

Ethereum (ETH) has some big issues right now. First, governments are cracking down on ICOs, and rightly so: many are either fraudulent or bankrupt. Since most ico Etherium networks operate as an ERC token 20, ICO Mania has brought a lot of value to Etherium in recent years. Ethereum project scams can claim a certain legitimacy as a crowdfunding platform if appropriate rules are adopted to protect investors.

The second major problem Ethereum faces is a new hybrid operation and delayed transfer to the battery detection system. The Ethereum Mining GPU is currently profitable, but Bitmain has just announced the Ethereum ASIC Minor, which could affect the bottom line of GPU mining. It remains to be seen whether this will change POW and how successful this change will be.

If Etherium could survive these two major problems নিয়ন্ত্রণ control and mining it would show a great resilience. Otherwise, there are several competing currencies to track its shades like Ethereum Classic (etc), Cardano (ADA) and EOS.

# 4. Monero (due to anonymity)

Although it is not expected to be accepted in the dark market, the I (XMR) PM’s confidentiality remains. Its reputation and market capitalization are still above those of its competitors – and for good reason.

Monero’s code requires less confidence that Zcash was “loyal” to the key event, and had a fair start, unlike Dash. The fact that Monero recently changed its Pow to overcome the development of a smaller ASIC for its algorithm confirms the promise of part of decentralization of mining. The hash rate is a significant drop due to the new version, which is consistently reported against ASIC. This could be an opportunity to get back to me for GPUs and even smaller CPUs. There are other improvements to the new version of Monero, 0.12, which shows that Monero continues to grow on sensitive lines.

# 5. iPRONTO (a decentralized incubation platform)

iPRONTO is an Ethereum chain of incubation platforms dedicated to investors looking for a secure and reliable platform to invest in new ideas and future innovators who can present their ideas and receive feedback from users, from experts in the practice and implementation of emerging ideas. .

The idea of ​​the inventors is supported because the smart contract format will be signed between the NES expert platform and the client if the client’s business concept committee has to test and register on the platform. The concept will not be released to all users on the chain’s universal platform, but only to selected members of the target community who are willing to sign smart agreements to maintain the privacy of the concept.

Rich rewards often carry big risks, and this is especially true in highly volatile cryptocurrency markets. The uncertainty of 2020 has increased the interest of the public and large institutional investors in global cryptocurrency, a new-age asset class business. More than 10 million Indians have invested in the past year due to increasing digitization, flexible regulatory framework, and lifting of Supreme Court bans on banks dealing with crypto-based firms. Several major global cryptocurrency exchanges are actively looking at the Indian crypto market, which has seen a steady increase in the volume of daily transactions over the past year as many investors were looking to buy value. As the cryptocurrency frenzy continues, many new cryptocurrency exchanges have emerged in the country that enable buying, selling and trading by providing functionality through user-friendly applications. WazirX, India’s largest cryptocurrency trading platform, doubled its users from one million between January and March 2021.

What drives the world’s largest crypto exchanges in the Indian market?

In 2019, Binance acquired the Indian trading platform, WazirX, the world’s largest cryptocurrency exchange by volume of trade. Another crypto start-up, Coin DCX secured investments from Seychelles-based Bitmax and San Francisco-based giant Coinbase. Crypto and blockchain start-ups in India attracted USD99.7 million investments as of June 15, 2021, up from around USD95.4 million in 2020. In the last five years, global investment in the Indian crypto market has grown by a whopping 1487%.

Despite India’s vague policy, global investors are placing huge bets on the country’s digital currency ecosystem for a variety of reasons, such as

Technology-intelligent Indian population

The main population of 1.39 billion is young (average age between 28 and 29) and tech-savvy. While the older generation still prefers to invest in gold, real estate, patents or equities, the newer ones are embracing high-risk cryptocurrency exchanges because they can adapt more to them. India ranks 11th in Chainalysis’s 2020 report list for global crypto adoption, which shows the excitement about crypto among the Indian population. The government’s less friendly attitude towards crypto or the rumors circulating around crypto are not able to shake the confidence of the youth in the digital coin market.

India offers the cheapest internet in the world, with one gigabyte of mobile data costing around $ 0.26 and the global average $ 8.53. As a result, nearly half a billion users are taking advantage of affordable Internet access, increasing the potential to become one of the world’s largest crypto economies. According to SimilarWeb, the country is the second largest source of web traffic on the peer-to-peer bitcoin trading platform, Paxfull. While the mainstream economy is still battling “epidemic effects”, cryptocurrency is gaining momentum in the country as it provides a new and faster way for young people to earn money.

It is safe to say that cryptocurrency could turn into the Indian millennium What gold is for their parents!

The rise of fintech start-ups

The cryptocurrency craze has led to the emergence of multiple trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin and many more. These cryptocurrency exchange platforms are highly secure, accessible across various platforms and allow instant transactions, providing a friendly interface for crypto enthusiasts to buy, sell or trade digital assets unlimited. Many of these platforms accept INR for purchases and the trading fee is 0.1% lower so simple, fast, and secure platforms present a lucrative opportunity for both first time investors and local traders.

WazirX is one of the leading cryptocurrency exchange platforms with over 900,000 users that enables customers to make peer-to-peer transactions. CoinSwitch Kuber provides the best cryptocurrency exchange platform for Indians and is ideal for beginners as well as day laborers. Unocoin is one of the oldest cryptocurrency exchange platforms in India, accounting for over one million merchants through mobile applications. CoinDCX offers users 100+ cryptocurrencies as an exchange option and even insures investors to cover losses in the event of a security breach. Therefore, investors around the world are looking at the proliferation of cryptocurrency exchange platforms in India to take advantage of emerging markets.

• Mixed response from the government

Legislation related to the prohibition against a virtual currency that would criminalize anyone involved in possession, issue, mining, business and transfer of crypto assets may be enacted. However, Finance and Corporate Affairs Minister Nirmala Sitharaman eased the concerns of some investors by saying that the government did not plan to stop using cryptocurrency completely. In a statement to the Deccan Herald, a leading English language newspaper, the finance minister said: “From our point of view, we are very clear that we are not closing all options. We will allow certain windows to experiment with blockchain, bitcoin, or cryptocurrency. ” It is clear that the government is still examining the national security risks posed by cryptocurrencies before deciding on a complete ban.

In March 2020, the Supreme Court overturned the central bank’s decision to ban financial institutions from trading in cryptocurrencies, prompting investors to enter the cryptocurrency market. Despite the long-standing fear of sanctions, the volume of transactions continues to rise, and user registrations and money flows on local crypto-exchanges are up to 30 times higher than a year ago. One of the oldest exchanges in India, Unocoin added 20,000 users in January and February 2021. The total volume of Zebpay per day in February 2021 is equal to the volume created for the whole month of February 2020. The minister said in a CNBC-TV18 interview, “I can only give you the clue that we are not closing our minds, we are looking at ways in which experiments can take place in the digital world and cryptocurrency.”

Until the government imposes a ban on “private” cryptocurrencies and declares a sovereign digital currency, investors and stakeholders want to make the best of the digital currency ecosystem, rather than sitting on the sidelines.

Is India moving towards financial inclusion with cryptocurrency?

Once considered a “boys’ club” due to the male dominance in the cryptocurrency market, a growing number of female investors and traders have led to more gender neutrality in new and digital forms of investment. In the past, women used to stick to traditional investments but now they are becoming risk takers and entering the crypto space in India. After the Supreme Court clarified the validity of “virtual currency”, the Indian cryptocurrency platform, CoinSwitch has witnessed an indicative 1000% increase in its female users. Although female investors still make up a small percentage of the crypto community, they are creating intense competition in the Indian market. Women save a lot more than their male counterparts and more savings means more diversification in investments like high-return assets like cryptocurrency. Also, women are more analytical and good at risk assessment before choosing the right investment, so they are more successful investors.

Increasing the mainstream institutional acceptance of cryptocurrencies

The uncertainty and panic created by the SARS-Covid 19 led to a liquidity crisis before the economic crisis began. Many investors have converted their holdings into cash to protect their finances, leading to lower Bitcoin and Altcoin prices. But while crypto has suffered a major setback, it has become one of the best performing asset classes of 2020. With the increasing weakness of the system and the loss of confidence in central bank policy and money in its current design, people’s appetite for digital currency has increased, leading to a rebound in cryptocurrency. Due to the great performance of cryptocurrency in the midst of the global financial crisis, the uptrend has strengthened the interest in virtual currency markets in Asia and the rest of the world.

Furthermore, to accelerate society’s demand for convenient and reliable transaction solutions, digital payment gateways such as PayPal have also shown their support for cryptocurrencies that enable customers to retain, buy or sell virtual assets. Recently, Tesla CEO Elon Musk announced an investment of USD1.5 billion in the cryptocurrency market and the electric company will accept bitcoin from buyers, raising the value of international bitcoin from USD40,000 to USD48,000. Day is approving two major payment platforms worldwide, Visa and MasterCard, by introducing cryptocurrencies as a medium of transaction. Although Visa has already announced that it will allow transactions with stable coins in the Ethereum blockchain, MasterCard will begin trading with crypto in 2021.

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

The Indian cryptocurrency market is not free from the terrible crypto crash. Despite huge investments from global counterparts, local investors are still reluctant to invest in cryptocurrencies due to uncertainty over the legitimacy of India’s digital currency ecosystem as well as high volatility in the market. Although the cryptocurrency market has been growing since last year, Indians own less than 1% of the world’s bitcoin, which poses a strategic challenge to the Indian economy. The Government of India is planning to appoint a new panel to study the feasibility of digital currency control in the country as well as to focus on blockchain technology and to propose it for technological advancement.

The ability of blockchain technology to provide a secure and unalterable infrastructure has been realized by various industries to establish transparency in transactions. For countries with more than 15 million cryptocurrencies, the committee’s new recommendations could be invaluable in determining the future of cryptocurrency in India. However, stakeholders believe that technological and economic power will make India a key player in the crypto and blockchain market. Gradually, cryptocurrencies are gaining mainstream acceptance, which could lead to higher adoption of digital currencies.

According to another “TechSci Research Report on India Cryptocurrency Market Offer (Hardware and Software), Process (Mining and Transactions), By Type (Bitcoin, Itzarium, Bitcoin Cash, Ripple, Dashcoin, Lightcoin, Other), By End User (Banking, Real Estate, Stock Market and Virtual Currency) By region, forecast and opportunity, 2026 “, India’s cryptocurrency is expected to grow at a significant CAGR due to the need for transparency and reduced transaction costs.

The Dow Jones Industrial Average was tough in a few weeks after a rather excellent bull race. Cryptocurrency is also facing an amendment. Could there be a relationship between two investment worlds?

We need to be careful when using obscure words like “bull and bear market” when crossing every investment space. The main reason for this is that cryptocurrency has gained 10 times more during its amazing 2017 “bull run”. If you put $ 1,000 in Bitcoin at the beginning of 2017, you could earn more than $ 10,000 by the end of the year. Didn’t experience anything like traditional stock investing. In 2017, the Dow has grown by about 23%.

I’m really careful when reviewing data and charts because I understand that you can tell the numbers what you want them to say. Just as crypto saw huge gains in 2017, 2018 saw similarly rapid corrections. The point I’m trying to make is that we need to try to be objective in our comparisons.

Many newcomers to the cryptocurrency camp are shocked by the recent crash. All they heard was how these early recipients became rich and bought lambos. To more experienced traders, this market correction was quite clear in the last two months due to skyrocketing prices. Many digital currencies have recently made many people millionaires overnight. It was clear that sooner or later they would want to take some of that profit from the table.

I think another thing is that we really need to consider the recent addition of Bitcoin Future Trading. I personally believe that there are major forces working here led by old guards who want to see crypto fail. I see futures trading and the excitement surrounding crypto ETFs as a positive step towards crypto mainstream and a “real” investment.

After saying all that, I started to think, “What if there is some connection here?”

What if the bad news on Wall Street affected crypto exchanges like Coinbase and Binance? Could it be that the two of them fell on the same day? Or if the opposite is true and it causes crypto growth because people were looking for another place to park their money?

In the spirit of not trying to slash the numbers and being as objective as possible, I wanted to wait until we could see the relatively neutral playground. This week is as good as any time it represents a period when both markets saw correction.

For those who are not familiar with cryptocurrency trading, unlike the stock market, exchanges never close. I have been trading stocks for over 20 years and I know very well where you are sitting on a lazy Sunday afternoon thinking,

“I really wish I could trade one or two positions right now because I know the price will change significantly when the markets open.”

Availability like that Walmart can also lend itself to a knee-jerk emotional response that can snowball in both directions. With the traditional stock market, people have the opportunity to hit the pause button and sleep through their decisions overnight.

To get the equivalent of a one week cycle, I took the last 7 days of crypto trading data and the last 5 for DJIA.

Here are the comparisons of last week as well (3-3-18 to 3-10-18). The Dow (which lost 20 of its 30 companies) lost 1330 points, representing a 5.21% decline.

Comparing Apple to Apple for cryptocurrency is a little different because Dow doesn’t exist technically. This is changing even though many groups are creating their own versions. The closest comparison at this point is to use the top 30 cryptocurrencies in terms of total market cap size.

According to coinmarketcap.com, 20 of the top 30 coins have declined in the previous 7 days. Familiar words? If you look at the whole crypto market, the size has dropped from $ 445 billion to 2 422 billion. Bitcoin, seen as the gold standard equivalent, fell 6.7% in the same time frame. Usually go to altcoins just as bitcoin goes.

Coincidence or causation? How is it that we have seen almost similar results? Was there a similar reason for the game?

While the fall in prices seems to be the same, I find it interesting that the reasons for this are completely different. I told you before that numbers can be deceptive so we really have to pull the levels.

Here are the main news items that affected Dow:

According to USA Today, “strong wage data raises fears of impending wage inflation, exacerbating concerns that the Federal Reserve may need to raise rates about three times this year, which it originally signaled.”

Since crypto is decentralized, it cannot be driven by interest rates. This could mean that in the long run, high-rate investors may be looking for higher returns elsewhere. This is where crypto can play very well.

If this is not an interest rate, then what is the reason for crypto modification?

This is due to the conflicting news of several countries, their position will certainly affect the market. People around the world are uneasy about whether countries will even allow it as a legal investment.

There has been some favorable news from congressional testimonies from Jay Clayton (SEC chairman) and Christopher Giancarlo (CFTC chairman) this past week. The implication was that they wanted to eliminate bad players and ensure AML rules were followed, they also wanted to allow innovation.

It certainly appears that the connection of similar results between the two worlds is uncertain.

We all know that the market does not like uncertainty. But uncertainty is fleeting. What causes anxiety one day can sometimes be solved overnight. There are times when the news is so surprising that it paralyzes the market for months or even years.

The key is to search all this information and understand what is real and what is not.

Since I’ve been on both stocks and cryptocurrencies for a long time, I believe that keeping a close eye on both can be quite rewarding. Opportunities for profit exist almost every day. This is especially true in crypto because I often buy a coin that has only dropped 30% in the last day and then dropped another 30%, but within a week I got back those and many more.

I would recommend staying as varied as necessary (this varies from person to person). There are days when one is up and the other is down. To boost morale, the option to log in to the account was a good day. If you have an account in both worlds, you can probably relate to it.

One thing is for sure, crypto is here to stay and will definitely make investing more attractive.

As we expected, since the release of Crypto TREND we have received many questions from readers. In this version we will give the most common answer.

What kind of change is coming that could be a game changer in the cryptocurrency sector?

One of the biggest changes that will affect the cryptocurrency world is an alternative method of block verification called Proof of Stack (PoS). We will try to keep this explanation fairly high, but it is important to have a conceptual idea of ​​what the difference is and why it is a significant factor.

Note that the underlying technology of digital currency is called blockchain and most of the current digital currency uses a validation protocol called Proof of Work (PoW).

With the traditional method of payment, you need to trust a third party to settle your transaction, such as Visa, Interact, or a bank or a check clearing house. These trusted companies are “centralized”, meaning they keep their own personal ledger that stores the transaction history and balance of each account. They will show you the transaction, and you must agree that it is correct, or start a dispute. Only the parties to the transaction see it.

With Bitcoin and most other digital currencies, lasers are “decentralized”, meaning everyone on the network gets a copy, so no one has to trust a third party, such as a bank, because anyone can verify information directly. This verification process is called “distributed consensus”.

PoW needs to “work” to verify a new transaction in order to enter the blockchain. With cryptocurrencies, that legitimacy is accomplished by “moneymakers” who must solve complex algorithmic problems. As algorithmic problems become more complex, these “miners” need more expensive and more powerful computers to solve problems ahead of everyone else. “Mining” computers are often specialized, usually using ASIC chips (application-specific integrated circuits), which are more efficient and faster in solving this difficult puzzle.

Here is the process:

• Transactions are bundled together in a ‘block’.
• The miners solve the hashing algorithm puzzle and verify that the transaction is valid within each block, which is known as “proof of work problem”.
• The first miner to solve the block’s “proof of work problem” is rewarded with a small amount of cryptocurrency.
• Once verified, transactions are stored in public blockchains across the entire network.
• As the number of transactions and mines increases, so does the difficulty of resolving the hashing problem.

While PoW has helped blockchain and decentralized, trusted digital currencies get off the ground, it has some real flaws, especially with the amount of work these miners are trying to solve “evidence of work problems” as quickly as possible. According to Digiconomist’s Bitcoin Energy Consumption Index, Bitcoin miners are using more energy than 159 countries, including Ireland. As each bitcoin price rises, more and more miners try to solve the problem, consuming more energy.

All those energy expenditures just to validate transactions have led many to look for alternative ways to verify blocks in place of digital currency, and the leading candidate is a method called “Proof of Stack” (PoS).

PoS is still an algorithm, and the purpose is the same as the proof of work, but the process of reaching the goal is quite different. With PoS, there are no miners, but instead we have “balidator”. PoS relies on the belief and knowledge that all the people who are verifying the transaction have skin in the game.

Thus, instead of using the power to answer the PoW puzzle, a PoS verifier is limited to verifying the percentage of transactions that reflect its ownership partnership. For example, a verifier who owns 3% of the available ether can theoretically verify only 3% blocks.

In PoW, the probability of solving your work problem proof depends on how much computing power you have. With PoS, it depends on how much cryptocurrency you have, the more you share, the more likely you are to solve the block. Instead of winning crypto coins, the winner receives a verified transaction fee.

Verifiers enter into their partnership by ‘locking up’ a portion of their fund token. If they try to do something malicious against the network, such as creating an ‘illegal block’, their shares or security deposits will be confiscated. If they do their job and do not violate the network, but do not win the right to legalize the block, they will get their partnership or deposit back.

If you understand the basic difference between PoW and PoS, this is all you need to know. Only those who plan to become miners or verifiers need to understand all the ins and outs of these two legalization methods. Most ordinary people who wish to own cryptocurrencies will only buy them by exchange and will not participate in the legitimacy of actual mining or block transactions.

Most in the crypto sector believe that in order for digital currency to survive in the long run, digital tokens must move to a PoS model. At the time of writing, Ethereum is the second largest digital currency behind Bitcoin and their development team has been working on their PoS algorithm called “Casper” for the past few years. Hopefully we will see Caspar implemented in 2018, putting Etherium ahead of all other major cryptocurrencies.

As we have seen before in this sector, big events like the successful implementation of Caspar could send the price of Ethereum much higher. We will keep you updated on future issues of crypto trends.

Stay tuned!

This year we can see that cryptocurrencies move up and down 15% of the price on a daily basis. Such changes in prices are known as volatility. But what if … these completely normal and sudden changes are one of the features of cryptocurrency that allows you to make good profits?

First, cryptocurrencies have become mainstream very recently, so all the news and rumors about them are “hot”. After every statement by government officials about regulating or banning the cryptocurrency market, we see huge price movements.

Second, the nature of cryptocurrencies is much like a “price shop” (like gold was in the past) – many investors consider them as an alternative to backup investing in physical assets such as stocks, gold and fiat (traditional) currencies. The speed of the transfer also affects the volatility of the cryptocurrency. With the fastest ones, the transfer takes just a few seconds (up to a minute), which makes them a great asset for short-term trading, if there is currently no good trend on other types of assets.

One thing to keep in mind is that cryptocurrencies also have a lifetime trend. Regular market trends can last for months or even years – here it happens in just a few days or hours.

This brings us to the next point – even though we are talking about a market worth hundreds of billions of US dollars, it is still much less than the daily trading volume of the conventional currency market or stocks. So 100 million transactions in the stock market will not cause a huge change in the value of a single investor, but it is a significant and significant transaction on the scale of the cryptocurrency market.

Since cryptocurrencies are digital assets, they are subject to technical and software updates of cryptocurrency features or expansion of blockchain collaboration, which makes it more attractive to potential investors (e.g. SegWit activation essentially doubles the value of bitcoin).

It is because of the combination of these factors that we are seeing so much change in the price of cryptocurrency in a matter of hours, days, weeks, etc.

But answering the question in the first paragraph – one of the classic rules of trading is to buy cheap, sell more – so having a small but strong trend every day (instead of lasting weeks or months like stock) gives a lot more opportunities to make a decent profit if used properly. .

When it comes to trading cryptocurrencies, you have to assume that the value of the market you have chosen will increase or decrease. And the funny thing is, you never own a digital asset. In fact, it is traded with derivative products like CFD. 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 short-term speculative interest. The price of Bitcoin has dropped from $ 19,378 in 2018 to $ 5851 in just one year. However, the value of other digital currencies is quite stable, which is good news.

What makes this world so exciting is the volatility of cryptocurrency prices. Price movements offer many opportunities for traders. However, it comes with a lot of risk. Therefore, if you decide to explore the market, make sure you are doing your research and have put together a risk management strategy.

Business hours

Generally, the market is open for 24/7 trade as it is not regulated by any government. In addition, transactions are made between buyers and sellers worldwide. There may be less downtime during infrastructural updates.

Improved liquidity

Liquidity refers to how quickly a digital currency can be sold for cash. This feature is important because it allows for faster transaction time, better accuracy and better value. Generally, the market is liquid in nature due to financial transactions across different exchanges. Therefore, small business can bring big change in price.

Leveraged exposure

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

Will reflect the value of the position when the loss or gain is closed. Therefore, if you trade on margin, you can make a lot of profit by investing a small amount of money. However, it also increases the losses that can be more than your deposit in a trade. Therefore, make sure that you consider the total value of the position before investing in CFD.

Also, it is important to make sure that you are following a solid risk management strategy, so that there should be proper limits and stops.

Quick account opening

If you want to buy a cryptocurrency, make sure you do so 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 lot of time and effort. However, once the account is created, the rest of the process will be quite smooth and uncomplicated.

Long story short, here and now these are among the most prominent advantages of cryptocurrency trading. We hope you find this article quite helpful.