The "Experts" They are incorrectly encrypted

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Bitcoin peaked about a month ago, on December 17, at a peak of nearly $ 20,000. As I write, the cryptocurrency is below $ 11,000 … a loss of about 45%. That’s more than $ 150 billion in lost market capitalization.

In crypto-commenting, raise a lot of handshakes and gnashing of teeth. It’s neck and neck, but I think the multitude of “I told you-so” takes precedence over “excuses”.

Here’s the thing: if you haven’t just lost your shirt on bitcoin, it doesn’t matter at all. And chances are the “experts” you can see in the press aren’t telling you why.

In fact, the decline in bitcoin is wonderful … because it means we can all just stop thinking about cryptocurrencies.

Death of Bitcoin …

In about a year, people will no longer talk about bitcoins in line at the store or on the bus, as they are now. Here’s why.

Bitcoin is a product of justified frustration. Its designer has explicitly said that cryptocurrency is a reaction to the government’s misuse of fiat currencies like the dollar or the euro. He needed to provide an independent, peer-to-peer payment system based on a virtual currency that could not be broken, as there were a finite number of them.

That dream has long since been thrown out in favor of raw speculation. Ironically, most 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 gasoline with it.

Aside from being a horrible way of electronic transaction – it’s painfully slow – the success of bitcoin as a speculative game has made it useless as a currency. Why would anyone spend it if they appreciate it so quickly? Who would accept one when it is quickly depreciated?

Bitcoin is also a major source of pollution. It takes 351 kilowatt-hours of electricity to process just one transaction – which also releases 172 kilograms of carbon dioxide into the atmosphere. That’s enough to power one American household for a year. The energy consumed by all bitcoin mining to date could power nearly 4 million U.S. households a year.

Paradoxically, bitcoin success as old-fashioned speculative game – and not its intended libertarian use – attracted government action.

China, South Korea, Germany, Switzerland and France have applied or are considering bans or restrictions on bitcoin trading. Several intergovernmental organizations called for joint action to stop the obvious bubble. The U.S. Securities and Exchange Commission, which once seemed to approve financial derivatives based on bitcoin, now seems indecisive.

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

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

… But an incentive for crypto assets

Good. Getting over bitcoin allows us to see where the real value of crypto assets is. Here’s how.

To use the New York subway system, you need tokens. You can’t use them to buy anything else … even you they could sell them to someone who wanted to use the subway more than you.

In fact, if subway tokens are in limited supply, a lively market could emerge for them. They may even trade for a lot more than they originally cost. It all depends on how many people want use the subway.

This is, in short, a scenario for the most promising “cryptocurrencies” other than bitcoin. They are not money, they are tokens – “crypto-tokens”, if desired. They are not used as a general currency. They are only good within the platform for which they are designed.

If those platforms provide valuable services, people will want those crypto tokens and that will determine their price. In other words, crypto-tokens will have value to the extent that people appreciate the things you can get for them on their affiliate platform.

That will make them real property, sa intrinsic value – because with them you can get something that people appreciate. This means that you can reliably expect a stream of revenue or services from owning such crypto-tokens. Critically, you can measure that flow of future returns against the price of a crypto token, just as we do when calculating the price-to-earnings (P / E) ratio of a stock.

Bitcoin, by contrast, has no intrinsic value. It has only a price – a price determined by supply and demand. It can’t generate future revenue streams and you can’t measure anything like the P / E ratio for that.

One day it will be worthless because it brings you nothing real.

Ether and other crypto assets are the future

Crypto-token ether secure it seems like like currency. Cryptocurrency exchanges are traded under the code ETH. Its symbol is the Greek capital Xi sign. It is mined by a similar (but less energy intensive) process as bitcoin.

But ether is not a currency. Designers describe it as “the fuel to manage the Ethereum distributed application platform. It’s a form of payment that platform customers make to machines that perform the required operations.”

Ether tokens give you access to one of the most sophisticated distributed computer networks in the world. It’s so promising that big companies are falling over each other to develop practical, real-world ways to use it.

Since most people who trade it don’t really understand or care about its true purpose, the price of ether has blown up and frothed like bitcoin in recent weeks.

But eventually, ether will return to a stable price based on the demand for computer services that it can “buy” for people. That price will represent actual value which can be appreciated in the future. For this, there will be a futures market and exchange traded funds (ETFs), as everyone will have a way to assess its core value over time. Just like with stocks.

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

My advice: Get rid of your bitcoin and buy ether on the next drop.

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Bitcoin succeeds no matter what

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Since it’s currently in vogue, I’d like to announce that I’m launching my own cryptocurrency next week.

Let’s call it “kingcoin”.

No, that’s too self-effacing.

How about “muttcoin”? I always had a mild place for mixed breeds.

Yes, that’s perfect – everyone loves dogs.

This will be the biggest thing about fidgeting.

Congratulations! Anyone who reads this will get one muttcoin when my new coin rolls out next week.

I will share a million muttcoins evenly. Feel free to spend them wherever you want (or wherever someone accepts them!).

What is that? The cashier at Target said she wouldn’t accept our muttcoins?

Tell those who suspect that muttcoin has a scarcity value – there will only be a million muttcoins. On top of that, it is backed by the full faith and merit of 8GB of RAM on my desktop computer.

Also, remind them that ten years ago bitcoin couldn’t even buy you a pack of chewing gum. Now one bitcoin can buy a lifetime supply.

And like bitcoin, you can store muttcoin securely offline, away from hackers and thieves.

It is basically an exact replica of the properties of bitcoin. Muttcoin has a decentralized book with cryptography that is impossible to break, and all transactions are immutable.

Still not convinced that our muttcoins will be worth billions in the future?

Well, that’s understandable. The fact is that launching a new cryptocurrency is much harder than it seems, if not completely impossible.

So I believe bitcoin has reached those heights no matter what the odds. And because of its unique user network, it will continue to do so.

Certainly, there was a failure. But each of these failures ultimately resulted in higher prices. Not even the recent 60% drop will be any different.

A miracle of Bitcoin

Bitcoin’s success lies in its ability to create a global network of users who are either willing to make transactions with it now or store them for later. Future prices will be determined by the growth rate of the network.

Even faced with wild price changes, bitcoin adoption continues to grow at an exponential rate. Now, 23 million wallets have been opened worldwide, haunting 21 million bitcoins. In a few years, the number of wallets could increase to include 5 billion people on the planet connected to the Internet.

Sometimes the motivation of new crypto converters was speculative; the second time they sought a storehouse of value away from their own domestic currency. In the last year, new applications like Coinbase have made it even easier for new users to enter.

In case you haven’t noticed, when people buy bitcoin, they talk about it. We all have that friend who bought bitcoin and then he wouldn’t keep quiet about it. Yes, I’m to blame for this – and I’m sure there are quite a few readers as well.

Perhaps subconsciously, owners become crypto-evangelists because convincing others to buy serves their own interest in increasing the value of their possessions.

Evangelizing bitcoin – spreading the good word – is what has miraculously led to a price increase of $ 0.001 to a recent price of $ 10,000.

Who could have imagined that his pseudonym, saturated with a global banking oligopoly, launched an intangible digital resource that competed with the values ​​of the world’s largest currencies in less than a decade?

No religion, political movement or technology has ever witnessed these growth rates. So again, humanity has never been so connected.

The idea of ​​money

Bitcoin started as an idea. To be clear, all the money – be it shellfish money used by primitive islanders, a piece of gold or the US dollar – started as an idea. The idea is that the network users are equally valued and would be willing to share with something of equal value for your form of money.

Money has no intrinsic value; its value is purely external – only what others think it is worth.

Look at the dollar in your pocket – it’s just fancy paper with a one-eyed pyramid, a mottled portrait and the signatures of important people.

To be useful, society must view it as a unit of account, and merchants must be willing to accept it as a payment for goods and services.

Bitcoin has shown an unusual ability to reach and connect to a network of millions of users.

One bitcoin is only worth as much as the next person is willing to pay for it. But if the network continues to expand exponentially, the limited supply claims that prices can only move in one direction … more.

Bottom line

The nine-year rise of Bitcoin has been marked by huge bursts of instability. In January 2015, there was a correction of 85% and a few others over 60%, including a colossal reduction of 93% in 2011.

Through each of these corrections, the network (measured by the number of wallets) continued to grow rapidly. As some speculators saw their value decimated, so new margin investors saw value and became buyers.

Abnormal levels of volatility are actually what helped the bitcoin network grow to 23 million users.

Hey, maybe we just need price volatility in muttcoin to attract new users …

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A Beginner’s Guide to Your Own Bitcoin Cryptocurrency

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Bitcoin cryptocurrency is buzzing all over the world, whether you are on the internet or any other medium. It’s one of the most exciting and craziest things to happen in just the last few years. More importantly, you can earn a terrible return by trading bitcoins or you can keep it long term.

You may be heard about stocks, commodities, Forex and now a new currency called Bitcoin trading that is greatly affecting our lives. In this initial guide to the Bitcoin cryptocurrency, you will learn about the ABC of bitcoin.

About Bitcoin cryptocurrency

The emergence of Bitcoin is still unknown, but in October 2008, a paper was published under the pseudonym Satoshi Nakamoto of Japan. His identity is still unknown, and it is believed that as of September 2017, he has approximately one million bitcoins worth more than $ 6 billion.

Bitcoin is a digital currency popularly known as a cryptocurrency and does not contain any geographical boundaries. No government regulates this, and all you need is an internet connection. As a novice, Bitcoin technology can confuse you and it is a bit difficult to know about it. However, I will help you dig it deeper and how you can make your first Bitcoin trading easy.

Bitcoin cryptocurrency works on blockchain technology which is a digital public book and shared by everyone in the world. Here you will find your transactions whenever you trade any Bitcoin and anyone can use the book to check it out. The executed transaction will be completely transparent and verified by blockchain. Bitcoin and other cryptocurrencies are part of the blockchain and are an amazing technology that only works online.

Key terms related to the cryptocurrency Bitcoin

Before you are ready to own your first Bitcoin, it is better to know the key terms associated with bitcoins. It is also called BTC which is part of bitcoin, and 1 bitcoin equals one million bits. With the advent of bitcoin, some other alternative cryptocurrencies have developed. They are popularly called Altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many others.

XBT and BTC are the same things and are often abbreviated to bitcoin. Mining is another term that is often used and is actually the process that computer hardware does for Bitcoin networks.

Things you can do with bitcoins

You will be able to trade, make transactions, accept and store bitcoin. You can send it to friends, request it from a friend and save it in a digital wallet. Even now you can top up your mobile / DTH directly by paying via bitcoin.

The cost of the transaction is low compared to PayPal, credit cards and other online intermediaries. Furthermore, it also protects your privacy which may leak to the internet while using credit cards. It is extremely safe and no one can take or steal coins. Due to its transparency in the system, it is also not possible to manipulate due to the common public book. You can check the transaction from anywhere and at any time.

Demand is likely to rise as total bitcoin production will be limited to just 21 million. Japan has already legalized it, and other countries may soon follow suit, and the price may rise further.

In the coming days, I will be working on Bitcoins in detail, where you will learn great things about bitcoin trading. You can comment on your views and ask anything relevant to bitcoin.

If this initial guide to the cryptocurrency Bitcoin was useful to you, share it and like it on social media.

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Are you planning to set up your own cryptocurrency exchange platform?

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If we look at the most influential development in recent times, the first thing that comes to mind is without a doubt cryptocurrency. People made huge profits at the right time by investing in cryptocurrencies like bitcoin and more. Many people have also managed to flourish by simply providing a cryptocurrency exchange platform to investors who trade cryptocurrencies.

Setting up an exchange is pretty simple. but you need to know a few basic things before you start your own exchange.

Let’s look at them –

Do you keep the target audience in mind?

One of the most important things to consider before setting up any business platform is determining your target audience. The same is the case here.

When planning to set up a bitcoin exchange platform, the first thing you need to analyze and understand is the audience you will target.

For example, in the case of bitcoin, you can target both local and global audiences. So, you need to find out what your target audience is and then plan with the development process. Why is this important? Well, you’ll learn about that in the following sections.

Do you understand legal terms?

The other thing you need to consider are the legal terms and conditions that you will need to follow.

There is a huge fuss about the legal aspects associated with cryptocurrency, but you may be surprised to learn that there are 96 countries where bitcoin transactions are still unlimited.

So, creating a platform to exchange cryptocurrencies while targeting these countries may prove to be the best idea.

Remember to always take a thorough look at the legal guidelines that operate in the area from which you plan to implement.

Do you have a partner bank?

Here you need to keep in mind that you will need a partner bank. The simple reason for this is that you will be dealing with financial transactions.

To ensure that financial transactions run smoothly and effortlessly, you need to ensure that you have the right support in the form of a partner bank.

Therefore, you need to contact several banking institutions to see if they can help you and understand their terms and conditions.

Do you have the right partner to develop the platform?

The most important step in the process is to find the right expert who can help you develop a secure platform. Why did we explicitly mention the term for sure, because the huge popularity of cryptocurrencies made these exchanges the first target of hackers.

To make sure your reputation is not affected by something unwanted, you need to focus on creating a secure platform. You can easily achieve this by hiring a seasonal programmer who knows all the little things and shortcomings of the industry.

For example, I can test the platform by mimicking a malware attack and see how your cryptocurrency exchange platform opposes it.

Conclusion

This last point summarizes the basic things to keep in mind when planning to set up a cryptocurrency exchange platform for yourself. Once you get the answer to these questions, you can easily start developing and earn something.

But don’t forget to take all the necessary legal measures, compliance measures and safety measures if you want to be in this game for a long time.

Well, are you for it?

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How to create your own cryptocurrency in 4 easy steps

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Ok, so cryptocurrency this, bitcoin that!

There was so much hullabaloo about the boom created by virtual currencies that the internet was overloaded with information on how you could make more money by investing in those currencies. But have you ever thought how cool it would be if you could create your own cryptocurrency?

I never thought about it, did I? It’s time to think because in this post we’ll provide you with a four-step guide to creating your own cryptocurrency. Read the post and then see if you can do it for yourself or not!

Step 1 – Community

No, you don’t have to build a community like the one when you plan to rule social media. Here the game is a little different. You need to find a community of people that you think would buy your currency.

Once you identify the community, it becomes easier for you to meet their needs and therefore you can work on building a stable cryptocurrency, instead of daring with what you want to achieve.

Remember, you’re not here to be a part of the spectator’s sport – you’re in it to win it. And having a community of people who would like to invest in your currency is the best way to do it!

Step 2 – code

Another important step is coding. You don’t necessarily have to be a lead developer to create your own cryptocurrency. There is a lot of open source available that you can use.

You can even hire professionals in advance who can do the work for you. But when coding, remember one thing – blatant copying won’t get you anywhere.

You need to bring some uniqueness to your currency to distinguish it from one that already exists. It has to be innovative enough to create waves in the market. That’s why just copying code isn’t enough to be on top of the cryptocurrency game.

Step 3 – Miners

The third and most important step in the process is to board a few miners who will actually dig up your cryptocurrency.

This means that you need to have a certain group of people who will be connected to you who can really spread the word about your currency in the market. You need to have people who can raise awareness about your currency.

This will give you an advantage. And, as they say – a good start is half over; miners can eventually lay the foundations for a successful journey for your cryptocurrency in ever-increasing competition.

Step 4 – Marketing

The last thing you need to do here as part of the deal is connect with traders who will eventually trade the virtual coins you have built.

In simpler words, you have to place these coins on the battlefield where real people would actually be interested in investing in them. And, it is by no means an easy feat.

You need to gain their trust by letting them know that you have something worth offering.

How can you get started? Initially, the best way to place coins is to identify the target audience who knows what a cryptocurrency is.

After all, there is no point in trying to market your stuff to people who don’t even know what a cryptocurrency is.

Conclusion

So you can see that building a successful cryptocurrency is more focused on being aware of market trends and less on being a hardcore technician or avant-garde programmer.

If you have that awareness in you, it’s time to make a boom while the sun shines in a niche of cryptocurrencies. Go ahead and plan to build your own cryptocurrency by following these simple steps and see how it turns out for you!

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Can I create my own cryptocurrency?

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To be able to create your own cryptocurrency, here are a few things you need to follow.

Build a Blockchain

The first step towards creating the best cryptocurrency is building a blockchain. Blockchain technology is the background of every cryptocurrency you see in the world today. The blockchain contained details of each cryptocurrency.

It is a general ledger that shows the background of every cryptocurrency you have. It also shows more details about who previously owned cryptocurrency coins. The best cryptocurrencies have very effective blockchain technology.

Encode

All the software you see on the internet is made of code. The same is the case with cryptocurrency. Fortunately, most cryptocurrencies are created using the same code. Mostly cryptocurrencies are created using C ++ codes. You can submit all the codes you need from GitHub and use them to create your cryptocurrency. However, the code will be different from your specifics. If your blockchain is longer and faster, you need to add programs for that. In general, programs can range from one week to several months when creating a blockchain.

In order to make the best cryptocurrency, you need to ensure that it has put the highest level of security on the watch. There are hackers everywhere and it is always your role to alienate hackers. A powerful tool used to alienate hackers is the use of private and public keys. This is because each key is generated from the previous key. Using cryptography, every key from the first ever transaction can be tracked.

You should also ensure the creation of a miner’s mine. For a stable cryptocurrency like bitcoin? anyone can be a miner. The miner does two things.

-Creates a crypto coin

– Certifies cryptocurrency.

You need to form a standard way to create and authenticate your cryptocurrency.

Access the needs of the market

Many cryptocurrency experts said the most important part is access to market needs. You should be careful and observe what other cryptocurrencies do not offer and offer them yourself. If we look at the largest cryptocurrency on the market, bitcoin today.

It was created to bring a faster transaction in the online world. Bitcoin has also gained a lot of recognition for being able to hide a user’s identity. They remained anonymous, but a legitimate transaction could still be made. These are the most important parts to consider when creating a cryptocurrency.

To create a very successful cryptocurrency, you need to ensure that you are able to properly market your cryptocurrency. This means going to merchants and asking them to accept your cryptocurrency as a payment method. These are generally some of the best ways to create crypto coins.

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