Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts

Monday, November 8, 2021

5 Types Of Cryptocurrency You Should Consider Investing In

If you have been an investor over the years, you have spent the majority of your time looking at various stocks, bonds, precious metals, real estate, and other traditional forms of investment that you hoped would result in huge profits. 

While each of these is still quite important, so too is cryptocurrency. While you may think Bitcoin is the only cryptocurrency in town, the fact is there are many types of virtual currency that can be used as investments. 

If you're eager to explore this new opportunity, here are five types of cryptocurrency you should consider for your investment portfolio.

Bitcoin


The most well-known cryptocurrency, Bitcoin has a market valuation exceeding $1 trillion. Essentially, Bitcoin is to cryptocurrency investors what blue-chip stocks like IBM were to stock market investors back in the day. Becoming more mainstream by the day, investing in Bitcoin could pay off big in the years ahead.

Ethereum


Second, only to Bitcoin in terms of cryptocurrency popularity, Ethereum accounts for about 20% of the cryptocurrency market. 

Also considered blue-chip crypto by industry experts, Ethereum is a fast-growing virtual currency that continues to chip away at Bitcoin's dominance in the marketplace.




Solana


Coming out of virtual obscurity within cryptocurrency to become one of the industry's most sought-after investments, Solana has become well-liked due to its emphasis on decentralizing applications. 

Because of this, investors can bypass brokers, exchanges, and banks, which also results in transaction fees that are negligible or nonexistent. 

As you examine information found on EQIFI and use it in your decision-making process for cryptocurrency investments, you'll probably realize the possibilities that exist with Solana.

Cardano


Existing since 2017, Cardano is liked by investors because it has a hard cap on its coins, meaning that currently, only 45 billion can exist. 

Because of this, Cardano is seen as being able to avoid significant crashes in its value, which is always attractive to investors. Also, to incentivize new investors to create blocks, it relies on proof-of-stake protocol, rather than a proof-of-work algorithm.

Wilder World


Finally, Wilder World is a virtual currency that has only existed since May 2021. Considered a riskier investment than other well-established cryptos, Wilder World is a speculative investment that focuses primarily on digital artists. 

Though it only has a $118 million market cap, it is seen by experts as a cryptocurrency that is poised to strike it big in the coming years.

Whether you invest in only one of these virtual currencies or fill your portfolio with several, you're setting the stage for huge gains that can rival the most trustworthy of stocks.



Monday, July 5, 2021

The Relationship Between Bitcoin and Inflation

One attribute that has actually made cryptocurrencies-- specifically Bitcoin-- so appealing to people is the idea that it's more immune to inflation than fiat money like the dollar.

What is causing the increase in prices for goods and services? 

Inflation is the process whereby currencies decline, in time, causing prices of durable goods to increase. Since most financial experts think that some degree of inflation is good for our economic life, the government, for example, has actually printed more money than we need. It's the reason that a gallon of milk that set you back a dollar a half-century ago is four dollars today.

On the other hand, Bitcoin has normally increased in worth much faster than the U.S. dollar has actually declined-- going from practically useless in 2009 to greater than $65,000 in mid-2021. 

Because it's an unstable market, Bitcoin has actually likewise seen remarkable spikes and also declines, however the trendline with time has actually been upward. This has actually made Bitcoin a significantly preferred hedge against fiat-currency inflation.

Bitcoin was designed to resist inflation, its supply is limited and known, and also, the creation of new bitcoin will certainly lessen with time in the foreseeable future means. There will only ever be 21 million bitcoin, as well as every 4 years, the amount of bitcoin that is extracted is reduced by fifty percent.




Why is the rising cost of living important for crypto?


Bitcoin, as well as specific various other cryptocurrencies like Ethereum, hand investors a choice. A high inflation price for fiat money might incentivize individuals to invest more in digital money because the dollar, or any other countries money you put in a savings account, is actually losing value over time. 

 The business economics of the Bitcoin market is complicated, yet there are functions designed from the start to help it resist the rising cost of living.

Bitcoin can't be manipulated by federal governments readjusting interest rates or printing even more money to accomplish policy objectives.

Like gold and various other limited stores of value, the conventional wisdom around Bitcoin is that it increases in value in unsure times. This has actually not constantly held true, however-- at the start of the COVID pandemic as an example, it dropped greatly together with the stock exchange. It's also a much more convenient store of value than gold.

Scarcity is one way of making a store of value resistant to the rising cost of living. There will certainly never ever be greater than 21 million bitcoin. There is no end to the printing of fiat money or the mining of gold.

As of now, approximately 19 million bitcoin have actually been mined. Every ten minutes, miners process a brand-new "block" and also 6.25 bitcoin are included in the network. 



In 2024, the mining reward will drop to 3.125 bitcoin and will certainly decline by fifty percent once again every 4 years until all bitcoin are extracted. This function, which is baked right into the Bitcoin protocol, is referred to as "the halving".

This scheduled shrinking of brand-new supply in time makes Bitcoin predictable in unique ways. Unlike gold, no brand-new bitcoin can ever before be "uncovered.".

Do cryptocurrencies experience inflation?


Yes, technically, even Bitcoin experiences a rising cost of living as more of it is mined (as does gold). But because the quantity of brand-new bitcoin is instantly lowered by half every four years, Bitcoin's rising inflation price will certainly also be reduced over time.

As long as Bitcoin's purchasing power continues to rise vs. fiat money we often tend to contrast it to, Bitcoin's few-percent yearly inflation price isn't a major problem for holders to think about.

Yet, not all cryptocurrencies are made like Bitcoin. For example, an increasingly prominent classification of digital money called stablecoins, tied to fiat money like the dollar, can be a useful, low-volatility area to save some cash. 

But if a stablecoin is secured to fiat currency, your financial investment will be affected by inflation and might lose value over time as the dollar declines. Some stablecoins have benefits that work just like an interest-bearing account, which might change the worth equation, especially with non-crypto rates of interest floating around zero.




Friday, February 19, 2021

Why Bitcoin and Other Digital Currencies Matter to Investors



If you have ever traveled to other countries, the first thing you did was pay a visit to the bank to exchange your money into the local currency. When you invest your money into cryptocurrency is the same as exchanging your money into another country’s currency. 

Bitcoin is among the example of foreign currencies that operate in a unique way within some online communities.

What is Cryptocurrency?


These are assets that you keep in the digital form used to purchase online and for investments. You buy tokens or coins of a unique cryptocurrency by exchanging real currency like dollars. The art of solving or writing a code is called cryptocurrency.

How to Buy Bitcoin


Bitcoin exchange is the most common way through which you can buy bitcoin. It where you can sell and buy bitcoin from others and the exchange controls this process. 

The exchange that provides buying and selling of bitcoin and other cryptocurrencies is called CEX.IO. The steps involved in purchasing bitcoin via CEX.IO are as follows.

The 1st step is to open a digital wallet; it where you interact with others via a technology called blockchain and where you store your cryptocurrency. 

The second step is to register and open an account. Once inside the CEX.IO, you open and register an account to provide you with their services. Step three involves receiving a 2FA Code; it an authentication code and password used to access CEX.IO. 



You will receive the code via SMS after being generated by the application. Then you choose the payment method that is convenient for you.

Why Bitcoin and Cryptocurrency Matters to Investors


As an investor, you must have an interest in cryptocurrencies. Because it has soured in its value. They have become an alternative investment from just a fringe obsession that permitted coin holders to run businesses outside the financial system. 

The cost of one bitcoin is $30000. If you want to become an affluent investor, you have to take bitcoin the same way you see other high-risk assets. These assets are like venture capital and private equity shares. 

There is a consideration by trust officers, estate lawyers, and financial planners are to include bitcoin and other cryptocurrencies in trusts and portfolios that have straight penalties and rules for mistakes. 

It would be best to treat bitcoin like any other asset because it is gaining more mainstream participants and adoptions now.

Though people see it as an investment, bitcoin and other cryptocurrencies might become more popular in the future and gain more trust. 

Some online retailers have already started accepting Bitcoin, like overstock.com. If you have another person interested in tokens, you can exchange them for services and goods.


Tuesday, January 19, 2021

Interested in Bitcoin? Here are 4 Ways to Get Started




Bitcoin is one of the hottest assets of the last 10 years, and many people are still interested in getting started. With the cryptocurrency experiencing another record surge, getting into the Bitcoin market has the potential to be more profitable than ever. Here are four of the best ways for beginners to get started with Bitcoin.

Invest Through Your Existing Brokerage Accounts


If you have a digital brokerage account, there's a decent chance you already have the ability to invest in Bitcoin. Several popular trading platforms, including Robinhood, allow users to invest in Bitcoin. 

If your brokerage offers cryptocurrency trading, you could have your first Bitcoin investment in place in a matter of minutes. You may even be able to buy Bitcoin using cash you already had saved for investing.

Create an Exchange Account


Like most assets, there are special exchange platforms for Bitcoin and other cryptocurrencies. Getting an account on a Bitcoin exchange is a quick and easy way to start investing without the hassle of setting up a wallet entirely on your own. 

Exchanges will also give you access to multiple cryptocurrencies if you'd like to dabble in other digital currency assets.

Freelance in Exchange for Bitcoin


If you'd rather earn Bitcoin than buy it, there are plenty of ways you can start getting paid in cryptocurrency. A few niche freelancing platforms exist that allow digital workers to get paid in Bitcoin. You can also find private clients online who are willing to pay Bitcoin for whatever services you offer. 



While you won't earn huge amounts of Bitcoin this way, you can definitely scrape together enough to get started and learn what the cryptocurrency market is all about.

Mine Your Own Bitcoin


Although Bitcoin is much harder than it was in the early days, the rewards are also larger thanks to higher prices. If you don't mind putting some money up for mining hardware, you can still earn a considerable amount of Bitcoin through mining. 

This is one of the best ways to get started, as it will give you a comprehensive view of the Bitcoin ecosystem and how the currency really works. Most mining hardware can also be used to mine other cryptocurrencies, meaning you can try your hand at other emerging digital coins if you want to.

Any one of these four strategies will allow you to get started with Bitcoin, even in today's high-price environment. Whether you use just one or all of them, Bitcoin is well worth getting into.



Wednesday, September 25, 2019

Investing in 2020: Forex or Bitcoin?



Just as any investment plan goes, there is no exact answer as to where your cash should be injected. In fact, it’s a gamble. Either you are lucky or you’re not. But there are means of improving the investment choice you make. One of the most obvious ways to improve investment returns is to know more about what you are investing in and what the market looks like.

Come 2020 there are bound to be many more investment opportunities. We take a look at where your money would best be invested, Bitcoin or Forex. Anything far and in-between is up to you, naturally.


While a number of online businesses are adopting Bitcoin as a payment option and other sites like novibet.co.uk evolving to make Bitcoin more mainstream, it's natural to wonder which would be a better investment.

But with two of the biggest markets in competition, if you had to choose, where would you invest your hard-earned cash? According to financial evaluators, either or bears their own risks but here is what we know so far.


Forex Trading Advantages


The advantages to Forex Trading, according to professional analysts, is that the market is an open one. It is easy to access and opposed to Bitcoin, investors, and trade through their brokers on a ledger where transactions are recorded and tracked. Being recognized globally far longer than Bitcoin also works in favour of Forex trading. 




For those unfamiliar with Bitcoin, Forex seems like a safer investment, which in some ways puts Forex in an advantageous position. Forex, unlike Bitcoin, is liquid and can be accessed immediately without any need of wallets or middle ground. Investors can freely move cash from one account to the other.

Bitcoin Trading Advantages


If we reflect on the history of Bitcoin, in its short its existence, the cryptocurrency has had a quick claim to fame, fallen just as fast as it rises, and has made a steady recovery. 


Nevertheless, people have been wondering how 2020 looks in terms of investing in the coin and despite negative feedback from less than 30 percent of users, it would appear Bitcoin has restored its reputation and investors are siding with Bitcoin investment.

If you needed proof, you could say the proof is in the pudding. Most of the new online companies dealing with merchant vendors and peer to peer sales are adopting Bitcoin as a payment option. 


In fact, there have been a number of online companies based solely on Bitcoin transactions to have been developed in 2019. With this being said, we can see and feel the strong presence of the crypto, leading us to believe that come 2020, Bitcoin will be as strong as ever.

While both trades have their pros and cons, the future of trading and investing may just be in favour of Bitcoin. But for now, it remains a gamble, Forex being as popular as ever and Bitcoin drawing in admirers from around the globe. All that remains to be seen is which of the two will be a better investment in 2020.


Friday, July 20, 2018

How to Invest in Cryptocurrency & What to Know Before You Do



Investing in cryptocurrency is a hot new trend that has already made some investors a considerable amount of money. If you want to invest in cryptocurrencies successfully, though, you’ll need to go about it in the right way. Here are four things you need to know about investing in cryptocurrencies.


Understand That Cryptocurrencies Carry Risks


Although many people have made money by investing in cryptocurrencies, these assets aren’t without their own unique risks. As with any other form of investment, you should only put money you don’t absolutely need into your cryptocurrency portfolio. 


You also need to carefully evaluate the price movements and overall qualities of different cryptocurrencies before you invest, as jumping in prematurely can increase your chances of losing money.

Some Cryptocurrencies Can’t Be Bought Easily


Though major cryptocurrencies like Bitcoin and Ether can be traded directly for traditional money, not all cryptocurrencies work in the same way. If you want to invest in altcoins that are less prominent, you may have to resort to exchanging Bitcoin for them. 





Luckily, you can do this buy Bitcoin with Visa or another credit card, then use an online exchange to trade the Bitcoin for the currency you want. Be sure to research the coins you plan to invest in extensively and figure out what cryptocurrency exchanges support them so that you can buy without any difficulties.

Know the Laws of Your Country


Though many people still think of the cryptocurrency market as being an unregulated open market, the truth is a little different. At the moment, there are only 96 countries where Bitcoin usage isn’t restricted in some way. Make sure that you know and follow the laws of your country when it comes to cryptocurrency investing.


Build a Diversified Portfolio


One mistake that many new cryptocurrency investors make is to invest in only one currency, usually Bitcoin. While it can be appealing to keep things simple in the beginning, relying on a singly cryptocurrency makes your portfolio more risky. 


Try to find at least two or three good cryptocurrencies that you believe will make good investments in order to create a more strongly diversified portfolio.

By keeping these things in mind, you’ll be better prepared to get started with cryptocurrency investing. Before you actually put money into the markets, make sure that you track the prices of your chosen currencies for a few weeks to see whether or not you can accurately predict their price fluctuations. If you can, it’s a good sign that you’re ready to invest.


Wednesday, December 27, 2017

About Bitcoin: Is it a Safe Investment or a Risky Gamble?



Bitcoin is becoming more and more popular each day. Because of this, it is important to know more about this booming cryptocurrency. In this article, we’re going to talk about bitcoin and cryptocurrency news

Ultimately, we’ll find out whether this cryptocurrency could be a safe investment or a risky gamble for good.

How Bitcoin Began


Bitcoin was established in 2009. This cryptocurrency is a digital currency that has no central bank or regulatory authority. Coins in bitcoin do not come in a tangible form. 


They are made through computers and are stored on the Cloud or in a digital wallet. Furthermore, users can exchange and use them in transactions.

The Growing Interest in Bitcoin


Seemingly, cryptocurrencies can be seen anywhere, and one of the most popular digital currencies is bitcoin. 


In fact, according to Lex Deak, the Chief Executive of Off3r, they are getting more and more enquiries about investing opportunities in the field of digital currency. 

Apparently, most of the questions come from late adopters and mainstream brokers.

Moreover, Quickbitcoin’s founder Guy Halford-Thompson expects mainstream investors to heavily start shelling out money for cryptocurrency investments a few years from now. 





While a lot of people grow interest in cryptocurrency, others grow wary because of its volatility. Deak speaks about this, explaining that bitcoin and other cryptocurrencies are an exciting investment especially for experienced investors with balanced portfolios and small exposures. 

The Off3r Chief Executive emphasized that investors must consider how cryptocurrency works before making any investment.

Is It Safe?


You might have heard issues regarding cryptocurrency. One of the most shocking cases in the history of cryptocurrency is 2016’s Bitfinex theft case. 

Nearly 120,000 bitcoins worth more or less $78 million were stolen from Bitfinex, a popular cryptocurrency exchange. This resulted in a drop of 20% in the value of the cryptocurrency at the time.

While it’s true that there can be more cases like this in the future, it’s not fair to define bitcoin as unsafe. That’s because bitcoin is only as safe as online banks. 

Just like in online banking, it’s important for people to take good care of their bitcoin account credentials. After all, bitcoin users are responsible of their accounts.

Obi Nwosu of Coinfloor suggests users to secure their accounts with third-party companies. More importantly, it’s important to keep your account credentials offline. This way, there could be no way to hack your account.


Is It a Gamble?


According to Dave Birch, an electronic expert, one shouldn’t invest in but gamble on bitcoin. 

From this speculation, it’s safe to consider bitcoin as a gamble, but it’s a safe gamble. However, experts would suggest investors to invest only as much as what they are prepared to lose.


Final Thoughts


Bitcoin is booming for a reason, and one of the reasons is the fact that more and more people have experienced success in this industry. If you want to have a taste of the same success, you can always invest in bitcoin.



Tuesday, December 19, 2017

Your Quick Guide To Going For Growth In 2018



There’s no doubt about it, this last year has been one of the strangest of all with a new President, unrest in the world and the continuing saga of the UK’s plans to leave the EU.

So now it’s time to start questioning what 2018 holds in store for us and how we can all start to make our hard-earned cash work even harder for us. A good place to start would be to look at what we can say about the way the economy will be headed in 2018, or what we may be able to predict.

The first thing to say would be that already the Federal Reserve has indicated that interest rates may be raised up to four times over the next 12 months. While it’s all but impossible to predict what this will mean in actual terms it is fairly safe to say that, for many, this will place an extra burden on their finances while also making savings rates a little more favourable.

It’s also important to look at exactly why rates may have to rise and the reasons are far from bad. In fact, it’s that the economy is on the up, unemployment’s going down and even globally there are the early stirrings of other countries’ economies coming back to life. So it all adds up to the fact that we’ll be going into 2018 on a strong economic wave.





We also know the stock market will start 2018 at near historic highs as the S&P 500 is currently running a Shiller price-to-earnings ratio of 32, which is nearly double the long-term. average. What this means is that to really maximise your returns and take full advantage of the situation, you’ll have to be extra vigilant about where you invest.

It’s also worth noting that it seems like neither pronouncements from President Trump or the risk of conflict in North Korea have had any effect on the markets over 2017, but that’s not to say that these factors won’t come into play in 2018.

So let’s take a look at some of the investments that could pay off for you over the next year. It’s in no way intended to be definite guidance but it should certainly give you plenty to think about.



Your 401(k) Plan is a great investment - especially for the over 50s



If you thought that tax shelters were only for the super-rich it might be a big surprise for you to learn that you’re sitting on one right now, whatever the level of your wealth, and it’s called the 401(k).

Now you may also have thought that the 401(k) plan is, at best, some far from impressive mutual funds which also have high fees attached to them. But, in fact, it’s a very good and tax-efficient place for your money.

For example, if you currently pay 25% tax then for every dollar you invest it’s an extra 25 cents of your investment that’s compounding, and this, over time, is of huge benefit to you. The fact that next year the IRS is going to increase the annual contribution limit on 401(k) plans to $18,500, excluding employer matching, is good news PLUS if you’re 50 or older, you can add another $6,000 per year making $24,500.

So, even if you’re nervous about where the market may be heading, you really should try to maximize your 401(k) plan, especially as there are money market and stable value funds to invest in with minimal risks.



Consider alternative investments too


While there is plenty to recommend the stock market both as a tried and trusted method of increasing wealth, at least during the good times, as well as being a way to own a stake in the US economy, it’s not necessarily always the very best place to invest.

You only have to look at the 13 years between 1968 to 1981 when the Dow Jones Industrial Average actually lost money when inflation was taken into account. But over the same period commodities and gold did far better, especially in the case of the latter whose value rocketed by 2,000% between 1971 to 1980. So the moral of this story is not just to buy gold to think about diversifying in order to not be just relying on the market.

A word of caution, though. When you’re thinking about investing in alternatives you need to be aware that it’s far less regulated than the stocks and bonds markets so a little more diligence is needed. You should also never invest in something you never fully understand. We only have to look back as far as 2008/9 to see exactly where that can lead.


The Bitcoin bubble?

One example of understanding what you’re getting into before you make the leap is the Bitcoin and other cryptocurrencies.

Throughout the year Bitcoin has been hitting the headlines as its value has gradually increased, finally hitting the symbolic $10,000 mark in November. There are also many stories about the people who got in at the earliest days and now are finding that they are multi-millionaires, on paper at least. But, even in the light of these huge gains in value, there’s also increasing disquiet amongst banks and economists that this is showing all the signs of a classic bubble, and we all know what happens when they burst.

The fact is that Bitcoin’s key strength and point of difference in the eyes of some – its independence from governments and financial institutions – is also its biggest weakness. The facts behind this expressed very succinctly by Rodney Johnson, the head of the highly respected economic forecasting firm Dent Research who has pronounced that “If a company or commodity has no assets, no returns and no backing, what’s it worth? In a word, ‘priceless.’ Some will see zero value, others infinite value”. So it very much depends on how you stand on this point which will dictate your attitude to jumping on the Bitcoin bandwagon.

When asked more precisely about his attitudes to investing in a cryptocurrency Johnson was also quoted as saying. “I wouldn’t risk any significant portion of my wealth on such a thing. But I might put a few dollars in, like buying an investment lottery ticket.”

So, in terms of gambles, you might well be better off trying your luck at any of the many online casinos that offer you the chance to take up free spins and bonuses and play without putting up a single cent of your own money, in a fiat currency, of course!


Go for value stocks



So now we’ve covered off these areas, it’s time to take a look at the sorts of stocks that could prove to be a good investment throughout 2018 and beyond.

There’s a simple reason why we’ve left this to last and that’s because your first priority should always to be making your definite savings decisions first before seeing what cash is left over for more speculative investments.

Assuming you go have a pot to invest, it could well be worth following the advice given by many market observers who have been advising that we should be looking for value rather than growth. Now this may sound counterintuitive at the end of a year in which the Russell 1000 Growth Index outgunned the Russell 1000 Value Index by showing returns of over 100% more but the tide may be beginning to turn. So talk to your financial advisor and keep a close eye on the financial pages to spot the value opportunities as and when they arise.

As to what all of our financial situations will be at this point next year, only time will tell. But what is certain is that we’ll all be a year older - but hopefully also a little wiser and richer too - and ready to take on all of the challenges that 2019 may have in store for us.


Tuesday, November 28, 2017

Investing in Bitcoin: Is there still time or is it already too late?



It would not be Bitcoin without all the drama and unprecedented growth in particular. The question is whether this seemingly infinite growth could last forever. Probably not, although being a deflationary currency, there is some potential for it. 

In reality, the thing that sets the price of Bitcoin more than any technical factor is the demand. Neither forks nor fees matter. What does matter is the large number of people interested in Bitcoin, which can be illustrated by the daily Coinbase user growth of about 100 000 new accounts. Therefore, it is no wonder that Bitcoin’s value reaches $7000.

The rapid growth of Bitcoin


Many people think that the recent growth rate is at its peak. However, this perception is false. Bitcoin experienced the steepest increase in value in 2011 after being introduced to crypto exchanges. 

In a few months, its price skyrocketed 350 times (from $0,10 to $35) and later fell to $2. The second bubble swelled in 2013 when Bitcoin’s value soared 100 times (from $11 to $1100). The next year its price decreased by 80% to roughly $200.




And we are getting to the year of 2017. At the beginning of the year, the exchange rate fluctuated around $1000. Over the course of the year, it has risen “only” about ten times. Although the current situation brings about media and public attention, the past growth of Bitcoin was significantly steeper.


Traditional investment using Bitcoin exchange


The concept of investing in Bitcoin is simple. You make the purchase, wait until its value rises and finally sell the coins for profit. Bitcoins and other cryptocurrencies can be bought through bitcoinmats or Bitcoin exchanges. 

Coinmate is a popular trading platform in the many European countries that allows its users to buy and sell Bitcoins using Pound, dollar or euro. One of the foreign exchanges worth mentioning is Coinbase where you can get an additional $10 when your investment in Bitcoin, Ethereum or Litecoin exceeds $100.

Bitcoin keeps surpassing its own records. Though it is true that a growth has been repeatedly accompanied by a steep decline, Bitcoin has always found its way back and reached its all-time high. 

Accordingly, anyone in a long-term possession of Bitcoin has profited from this development. However, in times of decreasing value, many people panic and start selling their Bitcoins which they later regret.

Main disadvantages of a long-term investment


There are a few disadvantages of Bitcoin purchase and long-term possession. Firstly, you have to endure and get through the times when Bitcoin value drops. Secondly, you have to make sure your digital coins are safely stored to minimize the risk of cyber-theft. 

However, if you decide to trade cryptocurrencies using CFD, you do not have to be worried about any of that. Another great thing about CFD is that it allows you to make money even when the Bitcoin price is going down.

CFD is a trading tool offering the possibility to profit from cryptocurrencies without really buying them. CFD can be traded using digital platforms of CFD brokers. The licensed broker Plus500 enables you to trade ten different cryptocurrencies including Bitcoin. 

It supports the 21 languages and has very tight spreads. Furthermore, the broker provides a free demo account that you can access and try a risk-free trading.


Tuesday, January 7, 2014

How Bitcoins Can Revolutionize The World Of Finance

Bitcoin Art
Bitcoin Art (Photo credit: btckeychain)
Bitcoins are a new kind of currency that shows promising value to the financial world. They are digital coins that can be exchanged between two individuals involved in a transaction without the involvement of any bank or finance company. They are used with the help of an open sourced project that enables users to review the code freely. 

This project is named – Bitcoin Miner, where bitcoins are created at a limited rate. These coins are being used despite none of the financial institutions officially approving of them. Bitcoins are assigned to you with the help of a secure electronic signature. Currently there are only 7 million bitcoins in use and the total number of bitcoins cannot exceed 21 million for security reasons. 

It is being said that bitcoin is going to grow further and become an indispensable E-commerce tool. This is strengthened by the fact that the bitcoin has emerged as the independent and transparent currency bringing about the great financial revolution. Due to the low transaction fees associated with bitcoins, many merchants prefer to use bitcoins. 

Apart from this, another advantage is this that you can make faster transactions just by paying a voluntary transaction fees in case you need to make emergency money transfers.

No Centralized Authority And Global Presence


Since there's no one individual or company involved as an intermediary who looks after or controls the transaction between two individuals using bitcoins, they are catching popularity with many users. Only a secure network is involved in the transactional process thus created greater freedom for the investors and users alike. 

Bitcoins have also managed to replace wire transfers such as PayPal and others. All that one needs to use bitcoins is Internet access, bitcoin wallet and bitcoin address of the person whom you want to transfer. All this is achieved once you create an account online that is going to be secure and cannot be frozen either.

Competitive Enough


Bitcoin offers you to make transactions through various currencies including Euros, Dollars and others. You can make easy money transfers by transferring these bitcoins to the recipient’s accounts. 

They are termed competitive because they can now be compared to the electronic mail that helps you send or receive mails from anywhere in the world or Skype , that helps you make video and voice calls and messaging to anyone across the globe.

Faster And Secure Transactions


You can easily make transactions over the distributed bitcoin networks, that too within no time. Unlike banks and other financial institutions, bitcoins never let you go through rigid and time consuming processes. 

Military grade cryptography for transactions makes payments safe for the users as only the user will have access to the private keys assigned to him to make the transactions. So you need not worry about money transfer security. It will be better to go for the best Bitcoin investment companies that are perfect for providing better results.

Conclusion

If you really want to save time with that very essential security that entails bitcoin money transfer, then log on to Invest Online Ltd. The Invest Online is termed as the best investment company that deals with all other kinds of new investments.



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