Investing in cryptocurrencies

Cryptocurrencies are booming. This is not surprising when you consider that with cryptocurrencies you can sometimes achieve hundreds or thousands of percent in return in a short time. But how can you start trading cryptocurrencies? And which cryptocurrencies can be a smart investment? In this article you will read everything you need to know about investing in cryptocurrencies.

How can you invest in cryptocurrencies?

You can choose to actively trade cryptocurrencies. This way, you are more readily able to benefit from market fluctuations as well as invest in cryptocurrencies on a long-term basis. It is also possible to invest in cryptocurrencies for the long term.

Active cryptocurrency trading

Cryptocurrencies such as the Bitcoin and Ethereum are highly volatile. This means that the price can fluctuate a lot in a day. You can benefit from this as an investor. It is possible to take advantage of both the down and up movements. To achieve this, you need an account with a broker that supports cryptocurrencies.

One of the best cryptocurrency brokers is Plus500 (Availability subject to regulation). With Plus500 you can trade in all known CFD cryptocurrencies without having to pay a fixed commission. In addition, it is possible to practice as much as you like with this provider using a free demo account. Plus500 is a great broker to actively trade popular CFD cryptocurrencies like the Bitcoin and Ethereum.

  • Practice risk-free with an unlimited free demo
  • Pay no commissions on your trades.
  • Profit from downward market movements

Would you like to try active investing? Use the button below to open a free demo account with Plus500:

82% of retail CFD accounts lose money.

Investing in cryptocurrencies

Do you have a lot of faith in certain cryptocurrencies? Then you can also choose to buy certain cryptocurrencies for the long term. A great broker to invest in cryptocurrencies is Stormgain. You can trade in all known cryptocurrencies using the Binance platform. If you would like to explore the possibilities of Binance, use the button below.

What are cryptocurrencies?

Before you start investing in cryptocurrencies, it is important to understand what they are. Cryptocurrency stands for encrypted money. You can see it as a digital form of payment where there is no central party that manages the currency. Cryptocurrencies can therefore eliminate the drawbacks of traditional money because they are completely traded via the internet. It is not possible to receive physical crypto coins or bills.

What is unique about cryptocurrencies is their special functionality. The Bitcoin, for example, is a completely decentralized currency. This means that there is no bank or other third party involved in a transaction. When you transfer money to another person, this will be transferred directly without any interference. Because a third party is no longer needed for transactions, the costs of transactions can be reduced and the of transactions speed can be increased. This is of course very advantageous.

Some advantages of cryptocurrencies

  • Cryptocurrencies are fully decentralized
  • Transactions can be made faster and cheaper
  • Transactions are often difficult to trace or even untraceable
  • Cryptocurrencies are increasingly used as a valid method of payment

In which cryptocurrencies can you invest?

On trading.info you can find information about all major cryptocurrencies. In this article you can read briefly what each cryptocurrency is exactly. If you click through you can find more information about the specific cryptocurrency. You can then also view the current price and start investing in the relevant currency.

Why should you invest in cryptocurrencies?

Cryptocurrency investments can be particularly lucrative due to market volatility. Below you will find a graph demonstrating the price evolution of bitcoin over time.

Plus500 cryptocurrency price development

As you can see, high peaks are regularly interspersed with low valleys. In 2018, a peak of more than $18,000 was recorded. In 2019, there was a low of around $4,000. However, within a few months, the price rose again to $10,000 and then dropped again to $4,000. Thus, the aforementioned volatility is clear to see.

This price evolution will deter many prospective investors. For those who are willing to take a little risk, cryptocurrency trading can prove to be a worthwhile endeavour. After all, if you buy and sell regularly, you can achieve regular, respectable returns.

Investing in cryptocurrencies is not suitable for everyone. You have to be willing to accept the risk associated with high market volatility. You must be prepared to suffer losses along the way. If this all sounds acceptable to you, cryptocurrency investments may be suitable for you!

Successful investments in cryptocurrencies

Do you want to achieve good results with your cryptocurrency investments? With these tips, you can ensure you achieve better results.

Do your research

Many people have ventured in to the world of cryptocurrencies without doing research. Many of these people ended up losing them money and potentially leaving them disillusioned with the world of investing.

Avoid losing a lot of money with your investment in cryptocurrencies and use your wits. When you start investing in stocks,  you simply cannot pick your stocks at random. With this in mind, make sure you thoroughly research the stocks you are looking to invest in. This is especially important when looking to invest on a long-term basis.

Join the hype

The trend can be your best friend! Many people will blindly follow overwhelming trends in cryptocurrencies and start buying when the prices skyrocket. Naturally, what other people do is not necessarily what you should do. Bearing this in mind, you can take advantage of the hype surrounding certain cryptocurrencies by investing smartly.

If you want to invest successfully in cryptocurrencies, you should spend some time researching what general investments are being made by the majority of the market. Many people who invest in cryptocurrencies have little understanding of investing in general. Many investors often act on emotion rather than letting research determine their investments.

This means that cryptocurrency values can react strongly to media and news stories, especially to adverse news. During times of adversity, investments opportunities often present themselves. Successful crypto traders realize the need to understand mass psychology to produce consistent results.

invest in crypto

Spreading your investments

Every investor understands that, by spreading your investments, you reduce your risks. Strangely enough, this principle is sometimes forgotten when investing in cryptocurrencies. Many people buy one or two cryptocurrencies and leave it at that. However, it is generally accepted that by researching multiple cryptocurrencies and investing in them accordingly, you will improve your chances of returns.

By investing this way, you prevent losing a substantial amount of your capital because the price of the cryptocurrency you bought tanks. Moreover, you increase your chances of buying a cryptocurrency that suddenly raises significantly. The most volatile cryptocurrencies often yield the highest potential returns.

Understanding the principle of scarcity

The price or value of a cryptocurrency doesn't tell you much. What is more important is the market capitalization of the currency. The market capitalization is the total value of all outstanding cryptocurrencies. The Ripple is a coin that is only worth about twenty cents. However, the market capitalization is more than eight billion dollars, and thus it is one of the largest cryptocurrencies that exists.

Many cryptocurrencies are scarce. For example, bitcoin is known to never exceed 21 million. When demand increases and no new bitcoins are added, it is not unlikely that the price will rise. Therefore, be sure to research a given cryptocurrency’s supply as part of your pre-investment research. By doing so, you will be better able to predict the cryptocurrency’s development.

Decide what you can lose

Before you invest in cryptocurrencies it is important to consider what you are willing to lose. Cryptocurrencies are hugely volatile and you must be able to hold your nerve. It is therefore important to determine how much money you are willing to lose. That's the only way you're going to avoid leaving yourself in a difficult financial situation.

In which cryptocurrencies can you invest?

You can find information about all major cryptocurrencies on trading.info. In this article you can read briefly what each cryptocurrency entails. When you click through, you can find more information about the specific cryptocurrency. You can view the current exchange rate of every individual cryptocurrency, and you can start investing directly!

Investing in Bitcoins

The largest and most well-known cryptocurrency is still the Bitcoin. The Bitcoin has already achieved many records and the price has risen to thousands of pounds. The Bitcoin is also increasingly accepted as a payment option. These developments make the Bitcoin an interesting investment option.

Bitcoin logo

Trading In Ethereum

Another big cryptocurrency is the Ethereum. Unique to the Ethereum is that the coin can also be used to execute smart contracts. It is precisely these unique possibilities that give the Ethereum high potential. It can therefore be interesting to invest in the cryptocurrency Ethereum.

Ethereum

Investing in Litecoin

Another currency is the Litecoin. The Litecoin is also a highly volatile currency. As an investor, you can benefit from these huge fluctuations by selling or buying at the right time. It may therefore be interesting to also trade in the Litecoin. Of course, we have also published an article about the Litecoin.

Litecoin

Investing in Dash

Dash is also a cryptocurrency that is slightly different from the Bitcoin. An advantage of Dash is that transactions are confirmed directly. In addition, the Dash offers greater privacy and there is a common pot that is used for the development of special projects. These features make the Dash an interesting investment opportunity.

Litecoin

Getting started with Ripple

The Ripple has some unique characteristics for a cryptocurrency: the currency is not entirely decentralized. There is a central party that determines how many Ripple coins are released on the market. The focal point of the Ripple is reducing the transaction costs for transactions to other countries. Of course there is a great demand for this and this makes investing in Ripple interesting.

Ripple

Investing in NEO

NEO may sound like an interesting film name. However, it is also a cryptocurrency. With the NEO, as with Ethereum, contracts in which computer logic can be applied are the focal point. The NEO, however, focuses more on Asia as a target group, which can contribute to the further growth of this currency. Investing in the NEO can therefore be profitable.

NEO

Monero as an investment

Monero is a new digital currency with which it is possible to perform 100% anonymous transactions. This is possible because no information about the sender or recipient is sent with the transaction. Whether you are a criminal or a good citizen: anonymity is ultimately a great thing. Monero can therefore be an interesting investment.

Monero

Bitcoin Cash as fork

Bitcoin Cash is the first fork of the Bitcoin. A fork is an event where an original crypto coin is split up. This happens when people cannot agree on a particular functionality of the currency. The Bitcoin Cash has already gained popularity and it can therefore be interesting to invest in it.

Bitcoin Cash

Bitcoin Gold as fork

Bitcoin Gold is also a fork of the original Bitcoin. The key point of Bitcoin Gold is that the mining of the currency must be decentralized again. Obtaining a Bitcoin under the current system would require too much computational power. Bitcoin Gold focuses on making the system fair again.

Bitcoin Gold

Be careful with investments in cryptocurrencies

When you decide to invest in cryptocurrencies, it is important to stay sharp. Do not just go along with the hype and do not buy all sorts of coins en masse just because the crowd is doing this. In the long term, some coins are likely to crash, and it is detrimental to lose a lot of money in the event of a crash. Do enough research on the different coins and only invest with money that you can really afford to lose.

Try trading risk free?

Beware of cryptocurrency scams like bitcoin code
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Trading in Bitcoin for dummies

Trading in Bitcoins essentially comes down to one simple trick: buying Bitcoins at a low price and then selling them at a high price. But how do you actually do this? In this simple and clear guide for dummies, we will discuss everything you need to know about trading in Bitcoins.

Starting to trade in Bitcoins in 3 steps

  1. First, you need to open an account with a reliable crypto broker
BrokersInformationRegister
eToro buy cryptoSpeculate in popular crypto products with eToro! Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Buy Bitcoin Plus500Speculate on increasing & decreasing crypto prices with the CFD provider Plus500 using a demo account. 82% of retail CFD accounts lose money.
  1. Then, deposit a modest amount of money into your account
  2. Once the money is in your account, you can start trading immediately

What is Bitcoin trading?

Before we dive deeper into this trading in Bitcoins guide for dummies, let’s first briefly discuss what Bitcoin trading is.

When you buy Bitcoins and hold on to them in the hope that they will increase in value, you are investing.

Trading works differently: as a Bitcoin trader, you constantly buy and sell Bitcoins in the hope of making a profit. To achieve good results, you will need to actively analyse:

In the rest of this Bitcoin for dummies guide, we will discuss how to increase your chances of success.

Why is Bitcoin trading attractive?

Actively trading in Bitcoin is very attractive because the currency is volatile. Volatility simply means that something moves up and down a lot. Since, as an active trader, you constantly buy and sell Bitcoins to profit from price movements, this is good news.

If you manage to become good at trading Bitcoins, you can earn a lot of money. However, it is important to mention that few people consistently succeed in doing this: therefore, only trade with amounts that you can afford to lose and start small.
Actively trading Bitcoin

The price of Bitcoin is very volatile: by actively reacting to this, you can achieve a higher potential return.

What trading methods are available?

When you want to trade cryptocurrencies, you can choose from different methods:

  • Scalping: with scalping, you try to make minimal profits. You then open many positions, sometimes hundreds in a day.
  • Day trading: as a day trader, you keep a close eye on the markets and take advantage of short-term movements.
  • Swing trading: swing traders mainly trade on larger price movements. It is not necessary to constantly monitor your computer screen.

How to predict the price movement of Bitcoin?

There are various methods for predicting the Bitcoin price. However, it is essential to emphasize that no one knows for certain what will happen to the Bitcoin price. Fortunately, you don’t always have to be right: you just have to make sure you’re right more often. You can use both fundamental and technical analysis for this.

Fundamental analysis

Do you like to keep an eye on the latest Bitcoin developments? Then fundamental analysis is an interesting technique! You then investigate how people see Bitcoin and whether positive developments are taking place.

It is important to keep an eye on external parties that have a lot of influence on the Bitcoin price. Think, for example, of governments: when the Chinese government decided to ban mining, the price dropped sharply. Do you want to learn more about fundamental analysis? Then read this article.

Technical analysis

Technical analysis is the most popular among active Bitcoin traders. A technical analyst uses the data on the chart to predict future price movements.

When you conduct technical analysis, you do not analyse Bitcoin as a technology. You only seek predictable patterns. Do you want to know how to do this? Then read this article about technical analysis.

What is the best strategy?

Everybody is looking for the Holy Grail, but if I knew where it was I wouldn’t be writing this article. Ultimately, no technique gives you a guarantee of good results.

In practice, combining fundamental and technical analysis can work well. When you combine as many puzzle pieces as possible, you are more likely to achieve good results.

How does the Bitcoin price work?

When you actively trade the price movement of Bitcoin, you must understand how it comes about. Many novices think that the price is a fixed given… but nothing is less true.

The price given within the platform is the last price at which a transaction was executed. The price may also differ from broker to broker: this is because there is no central party that determines how much one Bitcoin should cost.

order book crypto

In the order book, you can see how many Bitcoins are traded at a certain price.

It’s useful to look at the high and low: these values show what the highest and lowest Bitcoin price has been in a 24-hour period.

What is the Bitcoin trading volume?

It’s also interesting to look at the Bitcoin trading volume: this figure shows the number of Bitcoin that has been traded. This can be used to determine the strength of a trend: when the trading volume is high, you often see stronger trading volumes.

For example, during an upward trend, the trading volume increases during price rises, while it decreases during price drops. This is logical because the price is determined by the interplay of supply and demand. During an increase in price, there must be more traders trying to buy Bitcoin than those trying to sell.

During a strong trend reversal, you can use volume to determine whether it’s a trend reversal (high volume) or a small price movement (low volume). You can examine the Bitcoin trading volume here.

How do you open a trading position on Bitcoin?

In this section of the “trading Bitcoin for dummies” guide, we’ll discuss how to buy a trading position on Bitcoin. As a trader, you can choose from different types of orders.

Market order

With a market order, you indicate that you want to buy Bitcoin at the best available price. The broker then looks for another party who would like to sell Bitcoin at the same time.

When Bitcoins are traded at $50,000, this means that the last transaction was executed at €50,000. However, the market is constantly in motion: with a market order, you may end up paying $50,010 or $49,990 for a Bitcoin.

Especially when there is high volatility, you should be careful: your Bitcoins can suddenly become much pricier!

Limit order

By using a limit order, you are sure to buy Bitcoin at the price you specify. However, there is a risk that there are no buyers at the price you want to buy Bitcoin.

If you would like to buy 2 Bitcoins for $50,000, there may only be one party willing to sell a Bitcoin for $50,000. The order for the other Bitcoin remains open until a buyer is found.

If it’s more important for you to buy Bitcoins directly, then it’s best to use a market order. If you only want to buy Bitcoins at a specific price, you can use a limit order.

Stop-loss order

In active trading, it can sometimes be wise to close a position with a loss. With a stop-loss order, you can indicate a price at which you automatically sell the Bitcoins. It is also possible to use a take-profit order: you then close the position at a certain loss.
stop limit Bitcoin trading

How much does active trading in Bitcoins cost?

The prices for trading Bitcoins can vary greatly and are determined by various factors. The broker usually charges transaction fees, and you also have to pay attention to the spread.

Maker & taker fees

When trading in Bitcoins, you may encounter maker & taker fees. These can be confusing terms, so I’ll explain them again.

Because there is no central market, brokers like people to help create a market. By placing limit orders, it becomes easier for the broker to match buyers and sellers. When you place a limit order, you often pay a lower maker fee.

When you place a market order, you buy the Bitcoin directly at the best available price. In this case, you pay the higher taker fee. You can remember the difference between the two by taking it very literally: you make a market, or you take a market. Making a market is more useful for the broker and therefore cheaper.

Spread

The spread is the difference between the buying and selling price, and this difference can increase or decrease. When the difference is large, we have a large spread, and when the difference is small, we have a small spread.

The spread increases with strong volatility: it is then difficult to match buyers and sellers because the price is rising or falling too rapidly. When you trade actively, it is important to keep an eye on the spread. When it becomes too large, you lose too much money because you cannot buy the Bitcoins at an attractive price.

How do you read a Bitcoin chart?

When actively trading in Bitcoins, it is important that you can read Bitcoin charts well. In this part of the article, we will discuss how to read a Bitcoin chart.

Reading Japanese candlesticks

Almost all beginners are used to reading line charts: however, this is not the best way to actively trade in Bitcoins. It is better to use candlesticks, as they carry much more information.
candlestick explanation

A candlestick can be both green and red. When the candlestick is green, the price has risen during that period. When the candlestick is red, the price has instead fallen.

A candlestick consists of a thicker body and a longer stick. The body shows where the price opened and closed. For a green candle, the lower point of the body is the opening price and the higher point is the closing price. For a red candle, it is the higher point of the body that is the opening price and the lower point is the closing price.

The stick then shows the complete price range: you can immediately see what the lowest and highest price was within a period.

Using candlesticks, you can predict whether Bitcoin will continue to rise or fall. In the article about reading candlesticks, you can discover how to read them.

Determining a trend

Before opening an investment position in Bitcoin, it is important to determine the trend. Traders use the terms bull and bear market for this.

In a bull market, the price mainly rises, while in a bear market, the price mainly falls. Especially for beginners, it is recommended to trade with the trend: you buy during an upward trend and sell during a downward trend.
bullish bitcoin

Resistance and support levels

When trading in Bitcoins, horizontal levels are very essential. Horizontal levels are levels where the price often reacts. When a price level is touched more frequently, you will see that its strength increases. This is because more and more investors expect something to happen at this level and therefore decide to buy or sell there. Horizontal levels can be divided into:

  • Resistance: the high levels where the price does not break through
  • Support: the low levels where the price does not drop below

When a horizontal level is broken, the trend can continue further. A broken resistance makes it possible to set higher prices, while a broken support clears the way for further declines.
horizontal-levels

Do you want to read more about horizontal levels and how they work? In this article I will further elaborate on it.

5 Common Bitcoin trading mistakes

Don’t worry, you’re not alone! All beginners make mistakes when they start trading Bitcoins. In this final part of the article, we discuss the 5 most common trading mistakes.

Mistake 1: Trading without a plan

A big mistake you can make when starting to trade Bitcoins is trading without a plan. Similar to how you might strain a muscle when starting to exercise without a plan, the same goes for trading Bitcoins: if you don’t have a clear strategy, things will go wrong, and you’ll likely lose a lot of money.

Therefore, make sure you are 100% clear on your goals and what you base your investment decisions on. This significantly increases your chances of success.

Mistake 2: Trading with money you can’t afford to lose

Trading Bitcoins is risky, therefore do not risk money you cannot afford to lose. Personally, I only invest in cryptos with money that I don’t lose sleep over. If you use your savings, the chances are high that your emotions will ruin your trading strategy.

Mistake 3: Letting emotions determine your actions

As a trader, you need to act like a robot: don’t let your emotions determine your next move. Fear and greed are the biggest enemies of any trader. By avoiding mistakes 1 and 2, you ensure that you trade based on logic and not impulsiveness. In this article, you can learn more about the influence of emotions on your investments.

Mistake 4: Not learning from mistakes

Everyone makes mistakes, and learning Bitcoin trading is a process of trial and error. It’s advisable to keep a record of the mistakes you make when trading Bitcoins. This way, you prevent yourself from losing money repeatedly by making the same mistake.

Mistake 5: Thinking you know a lot

Don’t be stubborn or arrogant: when you buy Bitcoins and earn 10% in a day, you’re not suddenly 10% smarter. If that were the case, you would be 10% dumber during a 10% drop. By remaining humble and avoiding arrogance, you prevent a deep fall.

Frequently asked questions about trading Bitcoins

Below, we’ll discuss some frequently asked questions about trading Bitcoins:

You can definitely make a lot of money with day trading in Bitcoins. However, this does not mean that you cannot lose a lot of money as well. Many people fail to consistently make money with Bitcoin trading because they take too many risks and have unrealistic expectations.

Trading Bitcoins will never be completely safe. However, you can improve your safety by being aware of the risks and dangers. In this article, you can read how you can safely invest in Bitcoins.

Yes, anyone who is 18+ years old and has at least $100 can start trading Bitcoins. However, this does not mean that it is wise for everyone to invest in Bitcoins. Therefore, always consider beforehand whether Bitcoins fit within your investment strategy.

Is it too late to invest in Bitcoin in 2023?

The question I receive the most this year is whether it is too late to invest in Bitcoin in 2023. Interestingly, people asked me the same question when the price was $100, $1000 or $10,000. In this article, I will discuss why it may not be too late to buy Bitcoins even now.

Timing: unfortunately, we don’t have a time machine

In fact, we are all late in buying Bitcoin. If we had bought Bitcoin at its launch, you and I would have been millionaires.Of course, this does not mean that it is not a good idea to buy Bitcoins now. With the knowledge we have now, you probably would have bought more Bitcoins when they were worth $100, $1000 or $10,000.However, there is no guarantee: Bitcoin could just as easily drop to zero if another cryptocurrency takes over. A price of 0 is unlikely but not impossible.Others believe that it is more likely that Bitcoin will be worth thousands or millions. I, for one, buy some Bitcoins just in case… You can use one of these platforms if you also want to invest in crypto like Bitcoin:
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eToro buy cryptoSpeculate in popular crypto products with eToro! Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Buy Bitcoin Plus500Speculate on increasing & decreasing crypto prices with the CFD provider Plus500 using a demo account. 82% of retail CFD accounts lose money.

Demand and supply

Whether it is too late to invest in Bitcoin in 2023 will ultimately depend on the demand and supply of Bitcoin.If more and more large organizations buy Bitcoins, the price may continue to rise. Crypto keep an eye on companies like Apple, Amazon, and Google. For example, when there was a rumour that Amazon would accept Bitcoins as a payment method, the price immediately went up.This is not an unlikely event: you can already see that companies like Tesla, PayPal, and Square flirt with the cryptocurrency. As Bitcoin becomes more integrated into the real world, the chances of a rising price in the coming years only increase.

Scarcity

Why do some people pay tens of thousands of dollars for a Pokémon card? The answer is simple: scarcity. When many people want something and the supply is limited, the price goes up.Fewer and fewer new Bitcoins are released onto the market. This is because the speed at which new Bitcoins are released is halved periodically. The number of Bitcoins is limited to 21 million, which means the supply will eventually run out.If demand continues to exist, this can, of course, drive up the price significantly, which makes it still interesting to invest in Bitcoin in 2023.

The blockchain: technology of 2023 and beyond

Another good thing about Bitcoin is that it runs on the blockchain. The overview of all transactions can never be changed and currently, the system as a whole is unhackable. These are powerful features that can boost the price of Bitcoin.

The dominant position in 2023

Another reason why it may still be attractive to buy Bitcoin in 2023 is the dominant position of the cryptocurrency. We use Google as a search engine and Amazon for online shopping because they are the dominant player. They often became the dominant player by being the first, and Bitcoin is the same when it comes to cryptocurrencies.

Psychology: fear of missing out

As a cryptocurrency, Bitcoin is technically anything but superior. However, due to media attention, it is the coin that everyone knows. Even when other cryptocurrencies perform well, many people also buy some Bitcoins. Moreover, every exchange uses Bitcoin in the trade of other cryptocurrencies. The dominant position of Bitcoin will therefore not be lost easily.The media pays an increasing amount of attention to Bitcoin, and more and more people are afraid of missing out. With 21 million Bitcoins and 8 billion people, there are less than 0.003 Bitcoins available per person.When Bitcoin becomes more popular and stories emerge of people becoming millionaires with Bitcoin, you will see that the price can continue to rise. So far, this prediction has been true: you can see that after every crash, an even higher top was formed.

Solid protection against inflation

Another reason why Bitcoin can rise in value is that it can be an excellent protection against inflation. This is especially true for more unstable regions, where you see that inflation can rise to hundreds of percentages. In these countries, more and more people convert their money into Bitcoin; even the relatively high volatility of Bitcoin pales in comparison to their currency.

How to invest in Bitcoins?

After reading this article, it should be clear that there is still plenty of potential for Bitcoin. However, this does not mean that you should buy the cryptocurrency randomly. The advice is still “buy low, sell high”. In practice, this is difficult to achieve, especially for people who do not constantly track the crypto market.Therefore, I often recommend that people use dollar-cost averaging. You then buy Bitcoins at different times, which allows you to achieve an average return.If you are keen to learn more about investing in Bitcoins you can read our comprehensive guide:

Is it too late to buy Bitcoins in 2023?

Yes! At least compared to a few years ago. People in 2030 may ask the same question again. The question is whether the counter will then be on a few dollars or a few hundred thousand dollars. Unfortunately, I don’t have a crystal ball, so I can’t tell you whether you should invest in Bitcoin.In any case, it is not necessarily too late or too early to invest in Bitcoin. However, it is important to ask yourself whether you are willing to bear the high risks associated with investing in Bitcoin.

What is a pump and dump scheme?

A pump and dump scheme is a form of market manipulation. This type of manipulation is common in investments in cryptocurrencies. In this article, we discuss what a pump & dump is so that you can better protect yourself against this type of fraud.

How does a pump and dump work?

A pump and dump is often undertaken by a team of investors who collectively decide to buy a cheap, little-known cryptocurrency.They then use social media channels to reach many people at once. They try to make the coin go viral by sharing a lot of good news. This attracts more people to the coin, causing the value of the cryptocurrency to rise further.However, the original owners know that there is no real value behind the pump and dump. They typically decide to sell the cryptocurrency massively when the price skyrockets. The people who entered later are then left with a worthless crypto coin.

How can you recognize a pump and dump?

In a price chart, a pump and dump can often be easily recognized: the price barely moves for a long time and then suddenly rises sharply. When you dive into the matter, you cannot find a clear reason why the crypto coin is worth so much. The rise is then followed by a sharp drop; the team sells the crypto coin at this point.You can recognize a pump and dump in advance by analysing the story behind the crypto coin. For example, is there a good white paper available that describes the added value of the crypto coin? If not, it is important to be sceptical about this opportunity. Pump-and-dump-by-well-known-Dutch-people

Famous Dutch people also regularly participate in a pump & dump

Can you make money with a pump and dump?

In theory, you can make money with a pump and dump. However, it is essential to enter at the right time, namely before the coin is dumped en masse.In practice, few people succeed in making money with a pump and dump. 80 to 90 percent of investors lose money with these types of crypto coins.It appears that you can only really make money with a pump and dump by setting one up yourself. However, this is ethically reprehensible and not legal.

Watch out for famous people promoting crypto

There are many famous people who sell pump and dump cryptos themselves. In some cases, they have no idea what they are promoting, and in other cases, they even profit from it.A good example of this is the Xpose crypto coin in the Netherlands, which was set up by rapper Boef. This coin had no good story, and he used his fame to bring the coin to the attention of many young people. pump and dump Of course, he earned a lot of money from this himself. When asked about his opinion on this in a documentary, he said that it was a great way to learn a lesson. He didn’t seem to care that many young people with little knowledge of financial matters had lost a lot of money.I hope that these types of criminal practices can be better addressed in the future.

Can you buy half a Bitcoin?

Certainly! You can easily buy half a Bitcoin via the internet. Since Bitcoins are divisible, you can buy 0.5, 0.1, 0.01, or 0.001 Bitcoin, for example. In this article, we discuss how to buy a part of a Bitcoin yourself.

Step-by-step guide: buying half a Bitcoin

  • Step 1: open an account with a reliable crypto broker:
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  • Step 2: deposit enough money into your account to buy half a Bitcoin
  • Step 3: enter the part of a Bitcoin you want to buy, for example, 0.5
  • Step 4: click on buy and the Bitcoin will be added to your account immediately

Can you buy a part of a Bitcoin?

It is possible to buy parts of a Bitcoin. You can divide a Bitcoin into small pieces, which are also called Satoshis. The smallest number of Bitcoin you can buy is 0.00000001 BTC. The numbers after the decimal point are actually comparable to fiat cents.The only difference is that the numbers after the decimal point can also be worth a lot. Nowadays, 0.5 Bitcoin is worth more than ten thousand dollars! In the future, even one millionth Satoshi might be worth a lot of money.

Is it worth buying 0.5, 0.01, or 0.01 Bitcoin?

Even if you have little money to spend, it can still be interesting to invest in Bitcoins with a small amount. For example, you can make an investment periodically for $10, $20 or $50.This can be appealing when you consider that the value of Bitcoin can rise further: the cryptocurrency is scarce, and no more than 21 million Bitcoins will ever be produced. However, the question is whether there is not another cryptocurrency that will dethrone Bitcoin in the future… time will tell…

Be mindful of transaction fees

Please pay attention to the transaction fees when you want to send a part of a Bitcoin. Miners need to be paid, and this fee is often a fixed amount. If you send too small an amount of Bitcoins, you can lose your entire amount of Bitcoins.A half Bitcoin is, however, worth a lot of money nowadays. With 0.5 Bitcoin, you have already invested a considerable amount in Bitcoins.

How to invest in Bitcoin without actually owning the coins?

It is not necessary to buy Bitcoins to invest in the Bitcoin’s price movements. In this article, we’ll discuss 4 methods you can use to invest in Bitcoin without actually owning the coins.

Method 1: buy shares in cryptocurrency companies

There are various companies that are directly or indirectly involved in cryptocurrencies such as Bitcoin. The stock prices of these companies often move in sync with that of Bitcoin. Examples of such companies are cryptocurrency exchanges (Coinbase) or hardware companies that provide equipment for mining Bitcoins (NVIDIA).Are you looking for a reliable stockbroker to invest in crypto stocks? Have a look at this overview with reliable stockbrokers:
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It is important to note that the price of Bitcoin and that of crypto shares do not necessarily correlate. Even with a rising crypto price, a share can decrease in value. Do you want to learn more about trading Bitcoin shares? Read this article.

Method 2: actively speculating on price movements

It is also possible to actively speculate on the price movements of Bitcoin by using derivatives. A popular derivative that allows you to speculate on both price increases and decreases of Bitcoin is the CFD.A CFD is a derivative product: when you buy a Bitcoin CFD, you never actually own the underlying Bitcoin. Trading in Bitcoins using CFDs has several advantages:
  • Thanks to leverage, you can take a large position with a small amount of money
  • You can speculate on falling prices with a short position
  • This method of trading is very suitable for the short term
Want to try out the possibilities of crypto trading with CFDs for free? Open a demo account now and discover the options risk-free:
Tip: Want to learn more about investing in CFDs? In our CFD special, you’ll learn everything you need to know!

Method 3: investing in a Bitcoin index

You can also choose to invest in the price movements of Bitcoin by buying an index. Well-known examples of such indexes are the S&P Bitcoin Index, S&P Ethereum Index and the S&P Crupto Mega Cap Index. With these indexes, you directly follow the price movements of a cryptocurrency.You can also decide to invest in a cryptocurrency stock index. A cryptocurrency stock index invests your money in a basket of companies that deal with Bitcoin. It is advisable to research which companies are included in the index. Bitcoin trackers DEGIRO

Method 4: Bitcoin futures

You can also speculate on the price movement of Bitcoin with futures. Futures are more complicated than many other investment instruments. Additionally, some providers allow you to use very high leverage: up to 100X. This can be interesting if you know what you are doing.

Why would you invest in crypto without buying Bitcoin?

Investing in cryptocurrencies without buying them yourself is quite popular, but why? One advantage is that you can apply diversification . Especially in the case of ETFs, you can invest in a selection of cryptocurrencies or crypto stocks all at once.Another advantage is that it’s simply less of a hassle. When you buy Bitcoins yourself, you have to secure your account and select good buying opportunities. By investing in stocks or ETFs, you don’t have to open a Bitcoin investment account yourself.However, if you’re still interested in buying Bitcoins yourself, you can use one of these reliable crypto exchanges:
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Conclusion: Can you invest in Bitcoin without owning them?

You definitely can! As you’ve read in this article, there are enough alternatives for a direct investment in Bitcoin. Just like with all other investment products, it is important to research the investment products well before investing your money. This prevents you from losing a large amount of money.

Plutus credit card review (2024): get up to 8% cashback!

The Plutus crypto credit card offers some attractive benefits, such as 8% cashback and various perks. Are you curious about the possibilities of the credit card? In this Plutus crypto credit card review, I will cover them!Do you want to try Plutus for free? Open an account with the button below and we both receive €10 worth of PLU crypto for free!
Card type:Visa
Fees:Free, €4,99 or €14,99
Deposit money:Bank transfer or crypto
Supported crypto:ETH & PLU
Cashback:3% - 8%
Physical card:Yes
Online card:Yes
Availability:Only in the EU

What are the biggest advantages of Plutus?

  • Free benefits: you receive one perk + 3% cashback on €250 right away.
  • Highest cashback: receive up to 8% cashback.
  • Useful perks: you can use many services for free with the Plutus credit card.
  • Customer service: Plutus’ customer service is fast & reliable.

What are the biggest disadvantages of Plutus?

  • Costs: withdrawing money and paying in other currencies is expensive.
  • User-friendliness: using the credit card is a hassle.
  • Small: PLU is still small with a market capitalization of €25 million.
  • Slow: it takes a long time to apply for the credit card.

How does applying for the Plutus credit card work?

By clicking on this link, you can directly apply for a Plutus credit card. You will receive €10 worth of free PLU to use upon signing up.Like with other credit card applications, you will need to share some personal information. This includes uploading your passport and a selfie to verify your identity. You will also need to provide your address details to indicate where the credit card should be delivered.A major disadvantage of Plutus is the slow processing time. I ordered the Plutus credit card in September 2022, but it took almost 4 weeks to receive the credit card due to the company’s busy schedule. Apply for the Plutus crypto credit card.

How to use the Plutus credit card?

The Plutus credit card is less user-friendly than the crypto credit card from, for example, Crypto.com.You can deposit money onto your Plutus credit card by transferring the money from your bank account to Plutus’ bank account. Initially, it may take a while for the money to appear in your account, but it speeds up after the first time.You can then manually add money to your credit card that you can use to make payments. The money that you have on your credit card is lost permanently and cannot be refunded.Plutus-crypto-creditcard

Staking PLU with Plutus

PLU is the cryptocurrency used by Plutus and allows you to unlock various perks. You also receive rewards in the form of the cryptocurrency PLU.At Plutus, you always use an external wallet. This can be an advantage: this allows you to have full control over your cryptocurrencies. However, it can be a bit more challenging for beginners to get started.I, personally, use the Trust wallet for my transactions at Plutus. You can easily set it up by downloading the application. It is important to store the private key so that you don’t lose access to your crypto.After your crypto wallet is connected to Plutus, you can easily buy PLU (or Ethereum) within the application. With the free subscription, you pay 1% in transaction fees, which makes it attractive to temporarily switch to a subscription for the first transaction.It is recommended to not buy more than €500 in PLU at a time. Initially, I tried to buy €2,500 directly, but it took a long time, and I eventually had to cancel the order.

Comparison of the Three Subscriptions

At Plutus, you can use three different subscriptions, and you can compare them in the table below: [table “173” not found /]
You pay per month, so you can switch to another subscription at any time. For example, if you buy a car or a kitchen, you can switch to the premium subscription for a month and take advantage of a significant cashback on an amount up to €22,500!

Staking and Cashback

You can unlock even more benefits at Plutus by staking PLU. There are no hard requirements: as long as you hold PLU, the requirements apply, and you can use the benefits the following month.The table below shows the four staking levels: [/table id=9][/table]The benefits you can take advantage of are combinable. For example, if you have the everyday plan and stake 500 PLU, you can benefit from 5% cashback on up to €2,000 and 7 perks.

Perks at Plutus

By staking PLU or taking out a subscription, you can also benefit from perks. You must select the perks for the following month before the end of the previous month. With a perk, you get a full cashback on expenses. You can choose from the following perks at Plutus:[table “174” not found /]

Subscriptions

  • Netflix: free subscription
  • Spotify: free subscription
  • Apple One: free subscription
  • Disney+: free subscription
  • Amazon Prime: free subscription
  • Deliveroo: free subscription

Other perks (monthly)

  • Apple: €10 in PLU
  • Asos: €10 in PLU (buy a gift voucher)
  • eBay: €10 in PLU
  • Uber Eats: €10 in PLU
  • Thuisbezorgd: €10 in PLU
  • Starbucks: €10 in PLU
  • Uber: €10 in PLU
  • Curve: €10 in PLU
  • Shell: €10 in PLU
  • Airbnb: €10 in PLU
  • Aldi: €10 in PLU
  • Sainsbury’s: €10 in PLU
  • Lidl: €10 in PLU
  • Tesco: €10 in PLU
The Plutus credit card is not recognized by all providers. For example, I had problems using my Plutus credit card with Apple. You can solve this by applying for a (free) credit card at Curve. At Curve, you can add another credit card and use it as a maestro card. It is also possible to take out a paid subscription at Curve for free with PLU.
Plutus perks

Costs of the Plutus Credit Card

With the free subscription, you pay 1% for all the PLU you buy, but you can avoid these costs by taking a paid subscription. For withdrawing PLU, you pay €5 for all subscriptions.Transactions in your currency are free, but when you use a different currency, you pay high transaction fees: €0.57 + 1.5%. You should avoid using the Plutus credit card abroad since the transaction costs do not really offset the cashback.You should also avoid using the Plutus credit card for withdrawing money since you pay €1.35 + 1% for this. Internationally, the costs are even higher at €1.70 + 1.5%, and you do not receive cashback on money withdrawals.Furthermore, try to prevent mitstakes. When your transaction fails, you pay €0.15, and when withdrawing money fails, you pay €0.50.Personally, I do not find Plutus as a credit card very attractive. However, the cashback makes it attractive to use Plutus for payments in your country and for the free perks.

Customer Service

I have used the customer service a few times, and overall, I am satisfied. It is advisable to use the live chat since emails are sometimes missed. Problems were always resolved, which gives Plutus a reliable impression.

Conclusion Plutus Credit Card

Plutus is an interesting crypto credit card because of the high cashback. Even if you would rather not spend any money on a crypto credit card, you can already benefit from 3% cashback on €250 per month and get a free perk worth €10. This means you receive €17.50 in benefits every month without any fees.If you do a lot of online shopping or travelling, staking and perks can also be appealing. This provides you with a solid discount on all your expenses. However, it is unfortunate that the credit card is not yet very user-friendly. If it becomes easier to buy PLU and top up your credit card, Plutus might become much more popular!

What are the benefits of investing in Bitcoins?

Before you invest in Bitcoin, you probably want to know why it can be attractive. In this article, we discuss the benefits of investing in Bitcoin.
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Bitcoin has a dominant position

Bitcoin may not be the best cryptocurrency, but it was the first successful one. In the crypto market, many speculators are active who do not understand the technology behind cryptocurrencies. This automatically leads many people to invest their money in Bitcoin when they want to invest in cryptocurrencies.Moreover, due to its dominant position, exchanges use this crypto to exchange for other cryptocurrencies which further contributes to the strong position of Bitcoin.It will take a long time before another cryptocurrency can overtake the dominant position of Bitcoin. Therefore, Bitcoin is likely to remain the most successful cryptocurrency for the foreseeable future. This can be a good reason to invest in Bitcoin. Bitcoin dominance.

Bitcoin dominance according to bitcoindominance.com

High potential returns

Let’s be honest, the main reason many people speculate in Bitcoin are the extremely high potential returns. If you had invested $100 in Bitcoin in 2010, you would have possessed over $600 million in 2021!With Bitcoin, a similar return is no longer possible. However, if you had invested $100 in 2020, you would have had over $ 1000 worth of Bitcoin in mid-2021. Compared to the average return on shares(between 6 and 8 percent), this is enormous!You do have to be willing to take greater risks if you want to invest in Bitcoin: the chance of losing a considerable amount with an investment in Bitcoin is also high. People who bought Bitcoin at the top in 2017 lost almost 70% of their investment within a few months!

Fully decentralized

Another advantage of Bitcoin as a concept is that it is fully decentralized. When you use regular money, there is always a central bank that oversees your transactions, such as your bank. In the case of Bitcoin, such a party does not exist.As a result, transactions are carried out completely independently of governments and central banks. These types of parties cannot easily influence the functionality of the money. Therefore, Bitcoin is actually the first type of “democratic money“.

The blockchain is revolutionary

The Bitcoin as digital currency is interesting, but the underlying technology is revolutionary. One major advantage of Bitcoin as a means of payment is the blockchain. Many experts believe that the blockchain is still in its infancy, as the current state of the blockchain is equivalent to the internet in the 90s.If this is true and the blockchain is increasingly embraced, the Bitcoin price could rise even further. This is good news for you as a Bitcoin investor! Do you want to know how the blockchain works? Then read our article how does the blockchain work?

Faster transactions are possible

Bitcoin and other cryptocurrencies make it possible to send money to other countries faster. When you transfer money from your bank account to a foreign account, it normally takes a long time for the money to arrive.This is not the case with Bitcoins: sending money to a local town costs as much as sending money to Bangladesh. This can make Bitcoin even more attractive to people who send a lot of money abroad. If Bitcoin is embraced more for this purpose, it can become an even more attractive investment.

Privacy

The anonymous nature of Bitcoin is also an advantage. When you transfer money with your bank account, your transaction is always monitored. In the past, I have been called by the bank with questions about transactions they considered suspicious.Since there is no central party with Bitcoin, this is unlikely to happen. However, Bitcoin is not completely anonymous: if someone knows your Bitcoin address, they can trace your transactions. In this article, we discuss which cryptocurrencies are completely anonymous.

No bank fees

Banks can sometimes charge high fees for sending money. This is especially true when you send money to more exotic regions. Fortunately, this is a thing of the past with Bitcoin: since there is no central party, you do not pay fixed bank fees when using Bitcoin.This is why you see that the cryptocurrency is also widely used by migrant workers who want to send money home. When the functionalities of Bitcoin increase, this can only be beneficial for the price.

Protection against inflation

A major disadvantage of traditional money is inflation. Inflation is the process by which you can buy fewer products with the same amount of money every year. This happens because Central Banks print money, which increases the supply of hard currency.This risk does not exist with Bitcoin: there is a fixed, limited number of Bitcoins available. Because the supply is finite, the price can only go up with equal demand which is good news for Bitcoin investors. inflation and bitcoin

Inflation is certainly a big problem in some areas. Is Bitcoin the solution?

Why should you invest in Bitcoin?

As you can read in this article, there are plenty of reasons why investing in Bitcoin can be interesting. In addition to the high returns that can be achieved, the technology is also promising. With Bitcoins, you can take control of your transactions yourself and there is no third party that can influence them.It is certainly advisable to weigh the pros and cons carefully before investing in Bitcoin. In the article on the disadvantages of Bitcoin you can read about the weaknesses of Bitcoin.If you’re interested in investing in Bitcoin, our beginner’s guide can be a good place to start:

What are the disadvantages of investing in Bitcoins?

Before investing in Bitcoins, you must also understand the disadvantages. In this article, we discuss the biggest risks and dangers of investing in Bitcoin. This allows you to make an informed decision and determine whether it is wise to buy Bitcoins NOW.
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Unpredictable prices

Investing in Bitcoin is not for uncertain types: the price can easily drop several percents in a day. Therefore, you must be able to handle risks well and possess nerves of steel. This prevents you from losing a substantial amount with your investment in Bitcoin.Do you want to limit the volatility of your investment somewhat? Then it may be wise to apply dollar cost averaging. With this technique, you buy Bitcoins at different times. You buy them at both lower and higher prices, which allows you to benefit from an average return on Bitcoin.

Political uncertainty

There is still a fair amount of uncertainty surrounding the political situation & Bitcoins. You see that some countries ban cryptocurrencies while others embrace them. Due to the decentralized nature, the government can never completely ban a crypto, but it can become much more difficult to buy or use cryptocurrencies. Political actions can therefore put significant pressure on the Bitcoin price.A good example of this was seen in 2021 when China announced it was going to ban mining. After this news, the price of Bitcoin dropped significantly and even reached a new low. This shows that despite the lack of a central party, governments can still exert a lot of influence on the price development of Bitcoin. Crypto exchanges can also be subjected to limitations. For example, you see that Binance no longer offers futures in many European markets in 2021 to comply with government guidelines. The unpredictable attitude of governments is therefore a risk for investments in Bitcoin.

Lack of sustainability

Bitcoin is anything but sustainable, since mining Bitcoins requires a lot of computing power. Currently, all miners together consume as much electricity as the entire country of Argentina. In Iran, they sometimes even turn off the power of a city to mine Bitcoins.In a world where sustainability is becoming an increasingly important theme, an energy-consuming crypto can be difficult to break through. The chances are, therefore, high that a more energy-efficient crypto will eventually take over from Bitcoin. Bitcoin energie verbruik

Mining Bitcoin consumes a lot of computing power and electricity. Source: ft.com

Limited scalability

Another major disadvantage of Bitcoin is its limited scalability. Only a few transactions can be executed on the network per second, while Visa can easily process thousands per second. Validating a block for a transaction takes a lot of time.Therefore, Bitcoin is not a realistic replacement for normal currencies such as the euro or the dollar. No one wants to wait 15 minutes in a supermarket for a transaction to be processed. A faster and more scalable crypto could therefore eventually replace Bitcoin.

Transaction Fees

The transaction fees for executing a Bitcoin transaction are also increasing. Other cryptocurrencies make it possible to execute transactions without paying transaction fees, which is obviously much more attractive.

Too Much Centralized Power

Bitcoin is built as a decentralized system. In practice, however, Bitcoin is not as decentralized as it seems. Most mining activities, take place in China. If the government decides to shut down mining facilities, the Bitcoin network can suddenly be brought to a halt.Furthermore, the largest amounts of Bitcoins are held by some parties. This can allow them to manipulate the price, which does not contribute to the decentralized nature of Bitcoin. It is important to consider these factors when considering an investment in Bitcoin.

Hacks & Other Security Issues

The security of cryptocurrencies such as Bitcoin is also a tricky problem and a big risk. Research has shown that 99 percent of exchanges will eventually be hacked. When using a traditional bank account, you can be sure that your money will not simply disappear. Because there is no oversight of Bitcoin, if you are robbed, you cannot be compensated.Therefore, it is advisable to secure your Bitcoin exchange account well. You can secure your account by choosing a strong password and enabling 2FA protection. You can also store some of your Bitcoins in a cold wallet: these are not connected to the internet, which makes it harder to steel your coins.Do you want to know how to safely invest in Bitcoins yourself? In our special, we cover in detail how to prevent your Bitcoins from being stolen:

No Influence in Times of Crisis

The lack of influence from the government is seen as a plus for Bitcoin by many suspicious people. However, this can also be a disadvantage; in times of crisis, the government can solve the situation somewhat by, for example, printing money. This is not possible with Bitcoin, which means governments are unlikely to use this cryptocurrency as a general currency.Embracing Bitcoin as a valid payment method can give the price a considerable boost.

No Replacement for Gold

Many doomsday peppers strongly believe that Bitcoins are the perfect investment to protect yourself against the downfall of the world. They believe that Bitcoin is the new digital gold. However, in practice, this is not entirely true: Bitcoins are not physical, and you cannot access your Bitcoins when the internet is down. When the world comes to an end or there is a war, the chance is high that this type of infrastructure will no longer exist. Gold remains the only true safe haven.As you can see, there are enough negative points associated with investing in Bitcoins. Therefore, it is important to realize that Bitcoin is far from perfect. Therefore, never invest all your money in Bitcoins!

Loss of Access

Another risk of investing in Bitcoins is that you can lose access to your wallet. On the internet, there are enough stories of people losing millions of dollars worth of Bitcoins because they lost their password.As a Bitcoin investor, you are 100% responsible for the security of your own cryptocurrencies. With a normal bank account, there are still ways to retrieve your password so that you can access your funds again.

Irreversible Transactions

Another disadvantage of Bitcoin is that you cannot easily undo transactions. When you make a mistake, you are entirely at the mercy of the recipient of the Bitcoins. The recipient can only undo a transaction by sending the money back, which makes Bitcoin particularly vulnerable to fraud.

Money Disappears from the Real Economy

Another long-term risk is that too much money disappears from the real economy due to Bitcoin and other cryptocurrencies. With Bitcoins, it is easier to hide a large fortune, which makes it easier to avoid taxation.However, taxes are necessary to pay for healthcare and infrastructure in a country. When an increasing number of people convert their money into digital currency, the government must take steps to ensure the security of the system.

Can you reduce the risks of investing in Bitcoins?

As you have read in this article, there are many disadvantages and risks associated with investing in Bitcoin. If you decide to invest in Bitcoin anyway, it is advisable to limit the risks as much as possible by taking these steps:
  • Secure your Bitcoin account with a strong password and 2FA
  • Store large amounts of Bitcoins in a cold wallet
  • Diversify your investments: Bitcoin is very volatile
  • Only invest money in Bitcoin that you can afford to lose
Good preparation is half the battle: therefore, compare the advantages and disadvantages of Bitcoins carefully before opening an investment! In the article the advantages of Bitcoins, you can read in detail why it can be attractive to invest your savings in Bitcoins.

When is the best time to buy Bitcoins (2024)?

Do you want to know the best time for buying Bitcoins? In this article, we analyse how to find the best moment to invest in Bitcoin. This allows you to achieve the best results with your investments!

When is the best time to buy Bitcoins?

If you’re starting to invest in Bitcoins now, you have to accept that you won’t make as much profit as those who invested in 2014. However, this doesn’t mean that it’s impossible to achieve a good return with Bitcoin investments. The maximum number of Bitcoins is capped at 21 million, which increases the likelihood of the price going up.However, it’s very difficult to time your purchase correctly. When is the market really at its peak? And is Bitcoin here to stay or will the cryptocurrency collapse? By buying in increments, you can prevent investing all your money at once at an unfavourable time. The best crypto investors are those who realize that timing the crypto market is almost impossible.

What is the best place to buy Bitcoins?

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How does dollar cost averaging work?

If it is not your goal to beat the market, and you believe in the future of Bitcoin, you can use dollar cost averaging. The idea behind this is that you buy Bitcoins for a fixed amount periodically (for example, every month).As an example, you could buy $500 worth of Bitcoins on the first Monday of every month. This allows you to sometimes buy Bitcoins at a lower price and sometimes at a higher price. On average, however, you’ll benefit from the long-term increase.A big advantage of this technique is that you can completely avoid emotions in your investments. Regardless of the price, you simply buy Bitcoin for a fixed amount. This can save you both a lot of stress and a lot of time.

Can you predict the dip?

Some investors try actively to predict the dip. When bad news is released, the Bitcoin price can take a sharp hit. This happens regularly: for example, after China announced in 2021 that they would ban mining, the price of Bitcoin dropped sharply. Even a positive or negative tweet from Elon Musk can cause the price to rise or fall by many percent.However, predicting the dip is very difficult. Precisely because there are so many novice investors active in the market, you see that the price is unpredictable. When a tweet from one individual can have so much influence, it is difficult to predict the impact (unless you want to stalk Elon Musk 24/7).You can adjust your strategy to the dip, though. For example, I buy more Bitcoins when the price has dropped significantly. If you believe in Bitcoin, it may be wise to buy Bitcoins in good times as well. You never know if there will be another dip and how far the price will drop.I’ll tell you one secret though: the price won’t go back to $1.

Is there a perfect day to buy Bitcoins?

On average, it seems that Sunday evening is the best day to buy Bitcoins. This does not mean that Sunday evening is always a good time to buy Bitcoins, but it does mean that the price more regularly rises on a Sunday than on other days. If you use this as a starting point, you can buy Bitcoins on Sunday before 9 p.m.However, keep in mind that this could be coincidental: historical data does not guarantee future results. In the coming years, Sunday may become the worst day to buy Bitcoins.

Alternative: active trading

The price of Bitcoins is extremely volatile. Whereas traditional currency pairs move only slightly, the Bitcoin price has made massive leaps. This erratic price movement makes it possible to earn huge amounts by trading in Bitcoins: you can profit from both falling and rising prices. At the same time, if you make a wrong decision, you can also lose a large amount of money with Bitcoins. But how do you ensure that you benefit maximally from this volatility in the Bitcoin price?You do this by investing in Bitcoins in the right way:
  • Buy Bitcoin when you expect the price to rise.
  • Sell Bitcoin when you expect a price drop.
Do you want to learn how to increase your chances of success with active trading? Then read our guide for dummies:

Enter and exit

There are also investors who want to exit after bad news and then want to enter again later. However, this is risky: if the price doesn’t drop significantly, it could shoot up, and you could miss out on a lot of profit.Therefore, it is important to not let your emotions determine your trading strategy: it is often smarter to buy some extra Bitcoins when the price drops instead of selling them. Invest with patience and a long-term horizon.

When is the best time to sell Bitcoins (2024)?

Do you own one or more Bitcoins? Then sometimes it can be wise to sell them! In this article, we discuss how you can determine the best time to sell Bitcoins.

How & where can you sell Bitcoins?

You can buy and sell Bitcoins at a crypto exchange. Follow these steps to sell your Bitcoins:
  • Step 1: log in to a crypto exchange
  • Step 2: select your Bitcoins and click the sell button
  • Step 3: enter the amount for which you want to sell your Bitcoins
Are you looking for a reliable crypto exchange to sell Bitcoins? Then you can consider one of these crypto exchanges:
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When is the best time to sell Bitcoins?

There is not necessarily one good moment to sell Bitcoin. In general, the market often moves in waves: new highs are followed by lows.Typically it is wise to do the opposite of the masses: this means buying when people are selling and selling when people are buying. This is especially the case within the market for cryptocurrencies, since there are many beginners active.I understand that this is a somewhat “vague” advice. That is why I will discuss some specific methods that you can use to sell Bitcoins. Movement of Bitcoin price

Option 1: sell in parts

For buying Bitcoins, it is typically wise to apply dollar cost averaging: you gradually buy Bitcoins at multiple times. By doing so, you buy the crypto coin at both high and low prices.You can use a similar strategy for selling Bitcoins. When the price rises sharply, you can sell a part of your position, for example 20 or 30 percent. If the price continues to rise, you still benefit from further price increases. If the price then drops sharply, you have taken some profit and can buy new Bitcoins cheaper.Of course, you need a target price for this. Therefore, it is wise to determine an amount before you start investing in Bitcoins at which you want to sell (a part of) your Bitcoins. Some people think, for example, of a certain return (this can be 2X or 10X your investment, you decide!)

Option 2: exit based on technical analysis

If you have more experience with actively trading Bitcoins, you can also use technical analysis to determine an exit. There are often certain horizontal levels at which the price reacts. When Bitcoin breaks through a horizontal level, the chance is greater that it will continue to move for a while.In addition to horizontal levels, you can also use candlesticks and the Relative Strength Index. Do you want to know how to actively trade? Then read our comprehensive guide on actively trading Bitcoin:

Option 3: respond to extremes

According to Harvard researchers, the chance of a major crash is 50% when the price of a financial asset has risen by 100%. That chance increases to 80% when the financial asset has risen by more than 150%.By keeping this in mind, you can determine a good moment to sell. Remember that nothing rises forever: even in an upward trend, there are temporary declines. Therefore, if Bitcoin has risen too much in recent times, it may be wise to sell it.

Option 4: Follow the News

You can also follow rumours if you plan to sell Bitcoins. Because there are many novice speculators active in the market, even the smallest news reports can put pressure on the price.For example, a tweet from Elon Musk indicating that he no longer accepts Bitcoin as payment for Tesla caused the price to decline by more than 10 percent. By analysing such developments, you can look for suitable moments to sell. Elon Musk Tweet

Option 5: Never Sell Bitcoins?

Some people have tremendous confidence in Bitcoin and never want to sell it. They believe that Bitcoin will become the new currency and that the potential for further gains is enormous. Because there can never be any more Bitcoins, they expect that one Bitcoin can be worth more than $1,000,000!If you also have so much confidence in Bitcoin, it may be wise to adopt this hold strategy. This is a long-term strategy, as it does not allow you to take advantage of the significant fluctuations that Bitcoin normally experiences.By using dollar cost averaging, you ensure that you benefit from the average return on Bitcoin. If you’re uncertain whether you should never sell Bitcoin, read our overviews:

Frequently Asked Questions About Selling Bitcoins

This can vary per crypto exchange: since Bitcoin is completely decentralized, different providers can sell Bitcoins at varying prices. Always verify whether the price for which you can sell your Bitcoins is accurate.

Selling Bitcoin itself takes little time. However, keep in mind that you will not receive the payment directly into your bank account. It usually takes about one working day to withdraw the money from your crypto account to your bank account.

Definitely! With most crypto brokers, you simply enter the number of Bitcoins you want to sell. This can also be 0.01 or 0.1 Bitcoin, for example.

No, you actually always pay transaction fees at a crypto broker. At Bitvavo, these costs are surprisingly low: you never pay more than 0.25%.

How is the price of a Bitcoin determined?

How is it possible that Bitcoin is so expensive? And who determines how much a Bitcoin should cost? In this article, we will answer these questions…

How is the price of Bitcoin determined?

Because there is no central authority, there is also no central Bitcoin price. You can trade in Bitcoins on crypto exchanges of which there are hundreds. Each exchange can offer a different price, and at the same time, you can buy Bitcoins for different prices.Because the market is transparent, you see that the Bitcoin prices on the different platforms quickly move towards each other. Fast traders can buy the Bitcoins from the cheap party and immediately sell them to the expensive party: this is called arbitrage.You can buy Bitcoins against attractive fees with these crypto exchanges:
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What factors determine the price of Bitcoin?

  • Global demand and supply for Bitcoin
  • The usefulness of the currency
  • News reports in the media
  • The influence of large investors
  • Trust in traditional currency
  • Pressure or support from the government

Bitcoin as a valid payment method

Bitcoins are not used as a valid payment method in any country. It is therefore strange that bitcoins, or BTC, still have a certain value. Just like in other markets, the price of Bitcoin is entirely determined by the game of supply and demand. When there is more demand than supply, you see that the price of Bitcoin rises.Despite the fact that it is not a valid payment method, Bitcoin can still be used as an online exchange medium. Each user has their wallet with which it is possible to send bitcoins to other internet users via a unique address. More and more online webshops accept payments in bitcoins, and bitcoins also seem to be making their entrance into physical stores.

What is the maximum supply of Bitcoin?

The maximum supply of Bitcoin is always fixed at 21 million Bitcoins. Miners continually bring a small amount of new bitcoins into circulation. Periodically, the number of bitcoins added decreases, which means that the last bitcoins will not be in circulation until 2140.Because the supply is already fixed, the chances are high that Bitcoin will increase in value in the long term. Normal currencies become less valuable due to inflation. Governments print new money, which causes the supply to increase further. With the same demand, you then see that the real value of the money decreases. We experience the consequences of this daily: you can buy much less for one euro now than 20 years ago.With Bitcoin, this is less likely to happen: there is no central authority that can issue new coins after the 21 millionth Bitcoin. This should make Bitcoin more valuable and thus less susceptible to inflation.However, currently, Bitcoin is not a realistic payment method: due to the strong fluctuations and volatility, you can also lose a significant amount in a short time with investments in Bitcoin.

The influence of large parties on Bitcoin

Currently, there are some large parties that hold the majority of Bitcoins. Crypto insiders also refer to these people as whales. When a whale sells a large number of Bitcoins at once, this can greatly affect the price.As you now know, the price is determined by the game between supply and demand. However, the parties that own the largest number of Bitcoins can also exert the most influence on this interaction.

Is Bitcoin useful as a currency?

In practice, Bitcoin is not yet very useful as a currency: its use is too complex and transactions are slow to execute. The value is mainly determined by the large group of speculators who drive up the price. When confidence in Bitcoin temporarily decreases, you will see that the price can drop significantly.If you are planning to invest in Bitcoin, it is therefore advisable to closely follow the latest developments. Do not look at how Bitcoin performs, but rather look at how the masses think Bitcoin is doing.

How to obtain Bitcoins? 5 proven methods!

Are you curious about how to obtain Bitcoins yourself? In this article, we will explore the different ways to get hold of one or more Bitcoins.

Option 1: Buy Bitcoins yourself

A well-known method to obtain Bitcoins is by buying them yourself through a crypto exchange. A crypto exchange is a party that makes it possible to buy and sell a cryptocurrency such as Bitcoin. You can Bitcoins with one of these reliable crypto exchanges:
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When buying Bitcoins, it is important to time your investment correctly. Too many people make the mistake of buying Bitcoins at the top and then losing a lot of money. Do you want to know how to time buying Bitcoins? Then read this article.

Option 2: Mine Bitcoins yourself

You can also choose to mine Bitcoins yourself. With mining you try to find new Bitcoins by verifying transactions. These transactions are in a digital box with a lock on it. The person (or computer) who is first to crack the code receives Bitcoins as a reward.There is special software that you can use to obtain Bitcoins through mining. However, this is not an easy task: it takes many billions of attempts to find the correct key. Despite this challenge, rewards are issued every 10 minutes.Unfortunately, the investments needed to mine Bitcoins have risen sharply. In the past, you could still mine Bitcoins with your computer, but nowadays, you need hardware that costs more than $10,000. Additionally, you consume a lot of energy during the mining process, which means that this activity only takes place in areas where electricity is relatively cheap.You can still join a mining pool: together with thousands of other users, you combine computer power and receive a portion of the reward depending on the computer power you contribute yourself.

Option 3: Receive Bitcoins as Payment

Another way to acquire Bitcoins is by receiving them as payment. When you perform tasks such as translation work online, you can ask to be paid in Bitcoins. After all, Bitcoin is an online currency and is also a good payment method.

Option 4: Referring other people

You can also receive Bitcoins by referring other people to a crypto broker. This allows you to earn Bitcoins for free and without risk. At Bitvavo, when you open an account, you receive 15% of the commissions earned by the broker.Use the button below to open an account with Bitvavo and start earning too:

Option 5: Can you receive Bitcoins for free?

There was a time when you could easily obtain free Bitcoins. For example, one website gave away free Bitcoins when you solved captcha puzzles. Unfortunately, those times have passed, and if you want to receive free Bitcoins now, you need to be very lucky. You could perhaps look for a contest. For instance, a while ago, a Dutch radia station gave away a free Bitcoin to the winner of a radio game.

Frequently Asked Questions

There are several ways to get Bitcoins, but the most obvious one is to buy them from a crypto broker. Mining Bitcoins has become expensive, and the chance of getting them for free is small.

That’s entirely up to you! There are different strategies you can apply for your Bitcoin investments. Some people prefer to hold on to them for as long as possible, while others actively trade them. Click here to learn about different methods you can use to decide when to sell your Bitcoins.

How to Buy Bitcoin with National Bank of Greece: An Easy Guide

Are you looking for how to buy Bitcoin with the National Bank of Greece? The good news is that it’s possible! In this guide, we will walk you through buying Crypto with the National Bank of Greece step by step.

How to Buy Bitcoin with the National Bank of Greece?

National Bank of Greece’s online portal and physical bank branches do not currently offer clients the option to purchase, trade, or retain cryptocurrencies. The sole alternative for buying Bitcoin and other cryptocurrencies with NBG is through a centralized and regulated cryptocurrency exchange.Before buying Bitcoin with the National Bank of Greece, you need to connect your crypto account with the bank. One can select an exchange that accepts the National Bank of Greece as a payment method to accomplish this.Here is a table with an overview of the available crypto exchanges that accept the National Bank of Greece:
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Once you have connected your crypto account with the National Bank of Greece, you can start buying Bitcoin by following these simple steps:
    1. Open an account with the selected crypto exchange.
    2. Verify your identity by providing the necessary personal information.
    3. Deposit funds into your crypto exchange account using your National Bank of Greece account.
    4. Select Bitcoin or another cryptocurrency you want to buy in the trading software.
    5. Fill in the amount you want to buy and press the “open position”.

Buy Bitcoin with the National Bank of Greece

Crypto Policy of National Bank of Greece

The National Bank of Greece is one of the leading banks in Greece and is known for its focus on innovation and technology. While the bank does not offer direct crypto trading services, it does allow its customers to use the National Bank of Greece as a payment method on selected exchanges.

How to Buy Crypto Safely with the National Bank of Greece?

When buying crypto with the National Bank of Greece, looking out for potential risks is essential. Here are some tips to help you purchase crypto safely:
    • Use reputable exchanges that is compatible with the National Bank of Greece.
    • Enable two-factor authentication to secure your exchange account
    • Store your crypto in a secure wallet that you control.
    • Only invest what you can afford to lose and avoid making emotional decisions.

What is Bitcoin?

Bitcoin is a digital currency that operates on a decentralized peer-to-peer network, enabling direct transactions between users without the involvement of banks or governments. Bitcoin operates on a blockchain, which is a public ledger that records all Bitcoin transactions.

What is Crypto?

Crypto, short for cryptocurrency, is a digital asset that uses cryptography to secure transactions and control the creation of new units. Decentralized networks operate cryptocurrencies, and any central authority does not govern them.

Risks of Buying Crypto with the National Bank of Greece

Buying crypto with National Bank of Greece can be a great investment, but be aware of the risks involved. Crypto trading is highly volatile and speculative, and prices can fluctuate rapidly. As such, it’s necessary to do your research and invest wisely.

Unveiling the Cryptocurrency Investment Fees: What You Need to Know?

There are a variety of charges to consider when investing in cryptocurrencies on any trading platform. To simplify things, we have listed the three essential fees to be aware of below: Trading Fees: The trading fee is the fee to buy or sell any asset on a crypto platform. Uphold is the cheapest option to get started, as they charge only 0.5% fees Deposit Fees: The deposit fee is the fee that the user incurs when they deposit Euros (EUR) from their selected payment method. This will vary depending on your deposit method, with the cheapest being a bank transfer which is typically free depending on the exchange you use. Uphold charges zero deposit fees. Spreads: The spread is the difference between the buying and selling price of the asset.

Write about the National Bank of Greece

The National Bank of Greece, also known as NBG, is Greece’s oldest and largest commercial bank. NBG founded in 1841, it has played a crucial role in the economic development of the country. The bank has a long history of providing financial services to individuals and businesses and has played a vital role in supporting the growth of the Greek economy. NBG offers various financial products and services, including retail banking, commercial banking, asset management, private banking, investment banking, and insurance.The bank has a strong presence in Greece, with over 550 branches and more than 13,000 workers. In recent years, NBG has focused on modernizing its operations and embracing new technologies to serve its customers better. The bank has invested heavily in digital platforms and services and has been working to improve its customer experience across all channels. NBG is a leader in sustainable finance.They promote environmental and social responsibility in the financial sector. NBG offers green finance products and services. It has been recognized for its efforts in sustainability. The National Bank of Greece is crucial to the Greek banking sector. They have played a vital role in the country’s economic development. NBG focuses on innovation and sustainability. They are well-positioned to continue serving their customers. NBG contributes to the growth of the Greek economy Buy crypto with the National Bank of Greece

Final thoughts: How to buy Bitcoin with the National Bank of Greece

In conclusion, buying Bitcoin with the National Bank of Greece is possible, and with suitable precautions, it can be a safe and rewarding investment. Stay up-to-date with the latest developments in the crypto industry, and use the step-by-step guide provided here to make well-informed decisions about your assets.

How to Buy Bitcoin with Bank Muscat (2024): Safe and Easy Guide

Cryptocurrency has become a popular investment opportunity, and Bitcoin remains the most well-known and valuable digital currency. This guide will provide a step-by-step process of how to buy Bitcoin with Bank Muscat. We’ll cover connecting your crypto account, selecting an exchange, and safely buying Crypto with Bank Muscat.

How to Buy Bitcoin with Bank Muscat?

Bank Muscat does not directly offer services allowing customers to buy Bitcoin and cryptocurrencies through its platform. However, you can still purchase cryptocurrencies through a regulated Crypto broker compatible with Bank Muscat. Ready to dive into the world of cryptocurrency? Check out these top exchanges that effortlessly team up with Bank Muscat.
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Before diving into cryptocurrencies, you’ll need to connect your Bank Muscat account to your chosen crypto exchange. This process typically involves linking your bank account and verifying your identity to ensure secure transactions. Once you have connected your Bank Muscat account to a cryptocurrency exchange, follow these simple steps to buy Bitcoin or other cryptocurrencies:
    1. Open an account with the chosen exchange.
    2. Verify your account and provide any required identification documents.
    3. Deposit funds into your exchange account using one of the available payment methods.
    4. Select Bitcoin or your desired cryptocurrency in the trading platform.
    5. Enter the amount you want to purchase and click “Open Position” or a similar button to complete the transaction.

Buy Bitcoin with Bank Muscat

Can I legally buy cryptocurrencies in Oman?

Yes, there are no restrictions on buying or selling cryptocurrencies in Oman. The country’s central Bank has issued guidelines on using cryptocurrencies, including mandatory rules and regulations that people must follow. For example, they have stated that any exchange providing services to Omani citizens must be registered with the Central Bank and comply with all applicable regulations.

Is Bank Muscat crypto-friendly?

Bank Muscat, like many financial institutions, is becoming increasingly interested in the potential of cryptocurrencies. While the Bank does not offer direct cryptocurrency trading services, it does allow its customers to purchase digital assets from external exchanges, as with many other banks. Using authorized and licensed exchanges and brokers when dealing with cryptocurrency transactions is strongly advised for Bank Muscat account holders and cardholders. This approach guarantees the security of deposits and withdrawals, providing customers with a safe and seamless experience. Overall, while Bank Muscat is not a crypto-friendly bank in the traditional sense, it does allow its customers to invest in cryptocurrencies through external exchanges while prioritizing the security and safety of their transactions.

Buy crypto with Bank muscat

The Risks Associated with Purchasing Cryptocurrencies Using Bank Muscat

Here are the points outlining the risks associated with purchasing cryptocurrencies using Bank Muscat: Volatility Risk: Cryptocurrencies are highly volatile, and their value can fluctuate dramatically over short periods. Security Risk: Hackers often target cryptocurrency exchanges because of the possibility of significant payouts. In case of a hack, Bank Muscat investors who bought cryptocurrencies through an exchange may lose their entire investment. Regulatory Risk: Cryptocurrencies are not yet fully regulated in many parts of the world, including Oman. This means that investors who purchase cryptocurrencies using Bank Muscat may be exposed to regulatory risk, as there is no guarantee that the legal framework will remain favorable to cryptocurrency investments. Liquidity Risk: Cryptocurrency markets can be illiquid, meaning there may need to be more buyers or sellers to execute trades at the desired price. This means that investors who purchase cryptocurrencies using Bank Muscat may need help selling their investments when they want to exit the market. Counterparty Risk: When purchasing cryptocurrencies through an exchange, investors are exposed to counterparty risk, which is the risk that the exchange will not fulfill its obligations. This means that investors who purchase cryptocurrencies using Bank Muscat may lose their investment if the exchange goes bankrupt or engages in fraudulent activities.

Secure Your Crypto Fortunes: Expert Tips for Safe Investment!

With the increasing popularity of cryptocurrencies, investing in them has become a hot topic. However, One must recognize the risks involved in investing in cryptocurrencies. It is crucial to secure your crypto investments and avoid potential losses. Here are some expert tips for safe investment in cryptocurrencies:Educate yourself: Before investing in cryptocurrencies, it is essential to educate yourself about the technology, the market trends, and the potential risks. This will help you make informed decisions and avoid scams. Use a secure wallet: A cryptocurrency wallet is a digital storage space for your assets. Using a secure wallet that provides two-factor authentication and is protected by a strong password is essential. Diversify your portfolio: Investing in different types of cryptocurrencies can help reduce your risk of losses. This is because the value of each cryptocurrency can be affected differently by market trends. Stay updated: Keep track of the latest news and updates in the cryptocurrency market. This can help you make timely decisions and avoid potential losses. Smart Investing: Only Risk What You Can Afford to Lose: Investing in cryptocurrencies is risky, and profits are not guaranteed. Investing the money only what you can afford to lose is essential. Avoid FOMO (Fear of Missing Out): Cryptocurrency prices can be volatile and change rapidly. It is crucial to avoid making impulsive decisions based on FOMO and, instead, make informed decisions. By following these tips, you can secure your crypto investments and minimize the risks associated with investing in cryptocurrencies. Remember, caution and prudence can go a long way in ensuring your crypto fortunes.

What is Bitcoin? How its work?

Bitcoin is a digital currency created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. The blockchain maintains transactions of a decentralized currency that is not controlled by any central authority, like a government or financial institution. Instead, a network of computers worldwide upkeeps it.The blockchain is a decentralized, public ledger that records every transaction made with Bitcoin. Each block in the chain contains several transactions, and once a block is added to the chain, it cannot be altered or deleted. This process makes it a secure and transparent way to store and transfer value. Bitcoin works on a peer-to-peer network, meaning that users can send and receive Bitcoin directly without needing a mediator such as a bank or payment processor. The network verifies transactions using complex algorithms and rewards miners with new bitcoins for verifying transactions and keeping the network functioning.To use Bitcoin, you require a digital wallet that stores, sends, and receives Bitcoin. You can purchase Bitcoin on a cryptocurrency exchange or from an individual and then transfer it to your wallet. From there, you can send and receive Bitcoin to other wallets worldwide. Overall, bitcoin provides a decentralized, secure, and transparent way to store and transfer value and can potentially revolutionize the way we think about money and finance.

Discovering Bank Muscat: Unveiling the Secrets of Oman’s Leading Bank

Bank Muscat is a leading bank in Oman. It offers a wide range of banking and financial services to its retail, corporate, and institutional customers. The Bank offers various financial products and services, including retail banking, corporate banking, investment banking, Islamic banking, treasury, asset management, and private banking. It also has a strong presence in project finance, syndications, and trade finance.It also has a solid commitment to corporate social responsibility and actively supports Oman’s development. Bank Muscat is a public company listed on the Muscat Securities Market with a market capitalization of over $5 billion. Bank Muscat has a network of over 150 branches and over 660 ATMs across the country. It has also established a presence in other countries through its subsidiaries, such as Muscat Capital LLC, Muscat Finance SAOG, and Muscat Islamic Bank.The Bank is committed to providing excellent customer service and has received several awards and recognition for its efforts. It has also implemented various initiatives to promote financial literacy and inclusion in the country. Bank Muscat is also known for its vital corporate social responsibility initiatives, which include supporting education, health, and environmental causes. It has established the Bank Muscat Foundation, which promotes sustainable development and community welfare.How to buy crypto with bank muscat

Conclusion: Can you buy Bitcoin with Bank Muscat?

Buying Bitcoin and other cryptocurrencies with Bank Muscat is a straightforward process that you can do by connecting your crypto exchange account with your bank account. Bank Muscat is a crypto-friendly bank that supports several reputable crypto exchanges, making buying crypto easier.However, it is essential to remember that investing in cryptocurrencies is risky and comes with challenges. It is necessary to research, take precautions, and invest wisely.

How to buy Bitcoin with Metro Bank [2023]: Ultimate Guide

Are you interested in buying cryptocurrencies like Bitcoin with Metro Bank? Look no further! In this article, we will give you a step-by-step guide on how to buy bitcoin with Metro Bank and provide you with some necessary information on crypto trading with this bank.

How to buy Bitcoin with Metro Bank

Metro Bank does not currently facilitate cryptocurrency trading services for its customers. However, connecting your Metro bank account to a crypto exchange allows you to buy Bitcoin with your Metro Bank account.Here are a few of the cryptocurrency exchanges you can choose from:
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Once you have linked your crypto account with Metro Bank, you can follow these five steps to buy Bitcoin:
  1. Open an account with the crypto exchange, which is supported by Metro Bank.
  2. Verify your account with the crypto exchange by providing the necessary identification documents.
  3. Deposit funds into your crypto exchange account.
  4. Select Bitcoin or any other cryptocurrency you want to buy in the trading software provided by the exchange.
  5. Fill in the amount you would like to purchase and press the “open position” button.
buy Crypto with Metro Bank

What is Cryptocurrency and How It Works?

Cryptocurrency is a type of digital currency designed to be secure and anonymous. Cryptocurrency operates independently of a central bank and uses cryptography to verify and secure transactions, unlike traditional currencies such as dollars or euros.The most well-known cryptocurrency is Bitcoin, created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto.

How does cryptocurrency work?

Cryptocurrencies operate on a decentralized network called a blockchain. Each cryptocurrency has its own blockchain, a digital ledger that records all transactions made with that currency. To send or receive cryptocurrency, users must have a digital wallet that stores their private key, a unique code that allows them to access their funds.The network of users verifies and adds transactions to the blockchain when a user sends cryptocurrency to another user. Once recorded, the transaction cannot alter or deleted, ensuring high security.

Understanding Cryptocurrency Trading Platforms

Cryptocurrency trading platforms are online marketplaces where buyers and sellers can trade various digital assets, such as Bitcoin, Ethereum, and Litecoin. These platforms provide users with a way to buy, sell, and store cryptocurrencies.It is important to note that cryptocurrency trading platforms may have different levels of security, user interfaces, fees, and supported cryptocurrencies. As such, it is crucial research and compare various platforms to find one that meets your needs and preferences.Buy Bitcoin with Metro Bank

How to buy Crypto Safely with Metro Bank

As a relatively new asset class with volatility, cryptocurrencies can be considered much riskier investments than traditional asset classes. In addition, the space is teeming with scams and cybercrime, putting both seasoned and inexperienced investors at risk.However, there are steps crypto-enthusiasts can take to stay safe. Let’s break down a few of these tips and outline the essential guidelines for getting started with digital assets.
  1. Research the cryptocurrency you want to buy: Before investing, ensure that you comprehend how it operates and the associated risks.
  2. Only use a safe device: To keep your sensitive information secure, avoid from using public computers and Wi-Fi networks. Instead, always utilize your personal computer with a VPN, which establishes a secure connection between you and the web.
  3. Choose a reputable exchange: Check if the appropriate regulators in your country have licensed the exchange and that it has a solid track record.
  4. Secure your account: Use two-factor authentication and a strong password to protect your account.
  5. Use a secure wallet: To protect your cryptocurrency from hackers, ensure that you store it in a secure wallet. There are two options available: hot (online) or cold (offline) wallets. You can select the wallet that best suits your needs.
  6. Don’t invest money you can’t afford to lose: Because the crypto market can be so volatile, you must be conservative with your investments, particularly when starting.
  7. Monitor your investments: Keep an eye on the market and be aware of any changes in the price of the cryptocurrency you’re investing in.

Metro Bank crypto policy

Metro Bank has no official policy that prohibits its clients from using regulated cryptocurrency exchanges. While the bank does not provide any guidance related to digital currencies, customers can use their Metro Bank accounts to buy Bitcoin through a third-party exchange.

About Metro Bank

Metro Bank is a UK-based retail and commercial bank founded by Anthony Thomson and Vernon Hill in 2010 and headquartered in London. At its launch, it was the first new high-street bank in the United Kingdom in over 150 years.It operates a network of branches throughout the UK, open seven days a week, providing customers with access to banking services at convenient times. It offers a comprehensive selection of financial and banking products for businesses and individuals.Services offered by Metro Bank include:Personal banking: Checking and savings accounts, credit cards, mortgages, loans, overdrafts, pet insurance, and fixed-rate cash ISAs (individual savings accounts). Business banking: Business checking and deposit accounts, small business insurance, business and commercial overdrafts, loans.Buy Cryptocurrency with Metro Bank

Bottom Line: Can you buy Bitcoin with Metro Bank?

Yes, You can buy Crypto with Metro Bank, but you need to connect your crypto exchange account with your bank account. As mentioned above, Metro Bank does not offer cryptocurrency services directly through its online banking platform.However, it is essential to remember that investing in cryptocurrencies is risky and comes with challenges. It is necessary to research, take precautions, and invest wisely.

Buying Reserve Rights: how to invest in RSR?

If you are interested in trading or investing in cryptocurrencies, there are plenty of options to choose from. There were over 7800 different cryptocurrencies in circulation in December 2020 according to CoinMarketCap, a website where you can find all the statistics about cryptocurrencies. One of those cryptocurrencies is Reserve Rights.Reserve Rights sounds a bit like a disclaimer, but its founders have created a decentralized stable coin platform and aim to build a fair monetary system.  That sounds like a great ideal, but how will Reserve Rights achieve it?The question for you as a trader is of course whether it is worth investing in that platform. In this article, we will go deeper into the ideas behind Reserve Rights, and you can find an analysis of investing in Reserve Rights. You can also find the price forecast for Reserve Rights for the coming years in this article.

How to buy Reserve Rights (RSR)?

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Reserve Rights trading: what is Reserve Rights?

Most cryptocurrencies are more than just a new digital currency. There is usually an innovative idea or application behind it based on blockchain technology. This is also true for Reserve Rights. Behind the coin Reserve Rights (RSR) is an organization called Reserve that describes itself as a collection of people who believe that cryptocurrency can work better than fiat money, such as Pounds and Dollars.

Reserve Rights crypto

Runaway inflation and corrupt governments

According to Reserve, one reason why fiat money does not work well is because your money is not safe. This can be because of banks where your money is not safe or because of bad monetary policies of corrupt and centralized governments. And in some countries, people simply do not have a safe place to keep their money. In countries like these, runaway inflation occurs, devaluing the purchasing power of fiat currencies.

A robust, economically strong currency to replace fiat currency

Reserve also believes that our current fiat money is an impediment to trading with anyone in the world, i.e. across borders, freely and without friction. This is the reason for Reserve to create a stable, decentralized currency. Because the currency is decentralized, it cannot be abused or manipulated by any government. The team’s goal is therefore to eventually create the most accessible and robust, economically powerful currency that can be replaced by it.

Safe currency for all

For us, a safe and stable currency which cannot be abused may not be as urgent. But there are billions of people worldwide without bank accounts, and countries where banks have problems keeping money safe. Some countries are considered risky by international financial institutions and their citizens cannot open an international bank account. Citizens of those countries experience restrictions that make it hard to conduct business.That is why the Reserve Protocol was developed, to bypass corrupt bankers and governments, so everyone in the world can have a secure supply of currency that cannot be stolen by banks or blown up by governments. The ultimate goal is to create a decentralized stable currency that is immune to hyperinflation and independent of fiat money.

Investing in Reserve Rights: What is the Reserve Protocol?

The Reserve Protocol is designed to create the most accessible, economically powerful and robust currency in the world. The protocol is built on Ethereum, but there are plans to implement the protocol on top of any smart contract platform or blockchain. The protocol consists of three tokens: The Reserve Token (RSV), the Reserve Rights Token and Collateral Tokens.

The Reserve Token (RSV)

RSV is a stable cryptocurrency that can be used as a method of payment, stored and issued in the same way as we use US dollars, the Pound and other stable fiat money. The RSV is designed to be fully collateralized, with the collateral held in a ‘reserve vault’.This reserve vault is actually a smart contract used to pool and hold the assets that form the collateral of the RSV. The vault is funded by charging a 1% fee on all RSV transactions and any capital gains from the assets in the vault.The RSV was launched in 2019 and at the time of the launch, the collateral was the USD Coin (USDC), TrueUSD (TUSD) and Paxos Standard (PAX), but the team is aiming for a ‘vault’ with 100 different low-volatility assets to serve as collateral for the RSV.The three primary functions of the RSV token are:
  • Protecting savings against hyperinflation
  • Facilitating low-cost transactions between countries
  • Ensure a more reliable and robust financial ecosystem for traders in developing countries.

How is stability maintained with the RSV token?

If the demand for the token falls, this would logically mean that the price would also fall.

On the Reserve blog, a very insightful image illustrates how stabilization works.Suppose the redemption price of 1 RSV is $1. If the market price falls to 98 cents, there will be an incentive to buy RSV and redeem it with the smart contract for $1 collateral tokens. That will continue until it is no longer profitable to buy and exchange RSV tokens. The price will then stabilize on $1.Conversely, as demand increases and the price of RSV rises to, say, £1.02, traders will buy the new RSV coins for 1 and then sell them for a profit. This will also continue until the price on the market drops back to $1 due to the RSV sales.

The Reserve Rights Token (RSR)

The second token in the Reserve Protocol is the Reserve Rights Token (RSR). This token has two primary functions:
  • It is a utility token that can be used to vote on board proposals.
  • It helps to keep the RSV value at the target price of 1 US Dollar.
Unlike the stable RSV, the RSR token is volatile. The RSR token is used as an investment object, and the proceeds finance the Reserve Protocol project. Despite being volatile, the RSR token can also be used to guarantee the collateral percentage and linkage of the RSV.On the Reserve website you will find an illustration of a flowchart showing how the Reserve Rights Token can be stabilized.If the assets in the Reserve vault decline in value and can no longer be covered by the existing RSV and there is an increase in the total supply of RSV, the number of RSR tokens in circulation will decrease as a result. This is because the arbitrage opportunity can only be utilized by selling RSR.

Collateral Tokens

These are collateral tokens that are used to support the value of the RSV, and is similar to how gold was once used as collateral for money. The protocol is designed so that the collateral tokens represent at least 100% of the value of all Reserve tokens. The collateral tokens represent economic value in the real world such as bonds, real estate, commodities and other assets.

How can you invest in Reserve Rights?

There is a difference between trading and investing in Reserve Rights. Trading in RSR focuses on the short and medium term. As a trader, you make use of the price fluctuations.Investing in Reserve Rights, on the other hand, is a long-term investment, also known in the crypto world as HODL (Hold On for Dear Life). This buy-and-hold strategy is a lot easier to understand than day trading, and therefore it is also accessible if you are just starting out with cryptocurrencies. You don’t have to keep an eye on the prices every day, but you speculate that in the long run your investment will become more valuable.

Investment strategy for Reserve Rights

When you want to start investing in Reserve Rights, you determine an amount to set aside each month. This can be a relatively small amount, or what you can afford to lose each month. Next, analyse what the market and the RSR price is doing. Look at what the currency has been worth in the past and whether there is a rising or falling trend. Then decide on an amount that the value of the coin should fall below to buy.If the price actually drops and the predetermined point is reached, you buy the coin. This can be done on a trading platform like Bitvavo. If you bought the coin, you keep it in your crypto wallet. Long-term retention is at least over a period of months, but often over a period of years.

Where can you buy Reserve Rights?

Reserve Rights (RSR) is currently a popular token with excellent liquidity. You can buy and trade it on the most well-known and reliable cryptocurrency exchange platforms such as Bitvavo and you can trade it against several popular cryptocurrencies including Bitcoin (BTC), Tether (USDT) and Ethereum (ETH), as well as fiat currencies such as the US dollar and the Pound.

Bitvavo is a popular Dutch exchange for buying and selling crypto coins. It is known for its low transaction fees of 0.5% and fast transaction processing.Some features of Bitvavo:
  • It is safe and stable and known for good user experiences.
  • Transaction fees are only 0.25%.
  • Support for the best known cryptocurrencies.
Go to Bitvavo’s online platform here:

How do you store the Reserve Rights coins?

You store your crypto coins in a crypto wallet. You can choose from software or hardware wallets. Software wallets are in fact programs or apps you can open on your smartphone or computer. If you have many different currencies, and not in too big quantities, it’s best to use a software wallet. A hardware wallet is a device with memory storage and looks a bit like a memory stick. A hardware wallet can store larger files and is more secure.

Which crypto wallets can you use for investing in Reserve Rights?

The RSR token is an ERC 20 token based on the Ethereum blockchain. It is therefore best to use a crypto wallet supported by ERC 20. For example, you can use one of the following ERC20 wallets to securely store your RSR tokens: If you are planning to buy large quantities of RSR, you should use one of the following hardware wallets:

What makes investing in Reserve Rights interesting?

Reserve consists of a team of extremely passionate people who have earned their stripes in the fintech world. The Reserve team is also assisted by advisers with impressive credentials, including monetary economist Garett Jones and former SEC commissioner Paul Atkins.

Moreover, the project has managed to attract a number of well-known investors, including Peter Thiel, the co-founder of PayPal.Apart from the investments, the company has enormous growth potential in the financial services sector.

A solution to hyperinflation

The Reserve Rights Protocol could provide a solution to the problem of hyperinflation. Countries such as Venezuela, Argentina, Iran, Zimbabwe, Sudan, Yemen and Turkey are regions with high inflation rates and have poor free market exchange rates of the USD. Therefore, the Reserve team wants to convince the entrepreneurs and communities in these countries of the importance of their cryptocurrency.

What are the risks of investing in Reserve Rights?

To be globally accepted as a peer-to-peer money transfer medium, Reserve needs a highly scalable blockchain. But their main net token was launched on Ethereum which struggles with this very scalability. If they do not move to a faster blockchain, their ultimate goal seems hypothetical and realistically unachievable.And although Reserve Rights is intended to be a fully decentralized open-source project, the team has yet to release their code.

Competition from other stable coin projects

It is common knowledge that cryptocurrencies are extremely volatile in nature. Therefore, numerous stable coins have already been developed to provide traders and holders of cryptocurrencies with reliable long-term prices. Most major stablecoin projects such as Tether (USDT), Paxos Standard (PAX), USD Coin (USDC) and Binance Coin (BUSD) all have the US dollar as collateral.Reserve Protocol stablecoin RSV does not. It is impossible to say how RSV compares to its rivals as no circulating supply data is available and thus no market capitalization is listed on Coinmarketcap.com. But it is clear that Reserve is not the only party striving to become the leading stablecoin.

The stablecoin of the world?

The Reserve Protocol team clearly intends to become the stablecoin of the world, and want to expand their token ecosystem to include a range of cryptocurrencies including some that can be used for long-term investments. By launching the protocol in high inflation countries such as Venezuela and Argentina, and by targeting emerging market economies, the team believes they can gain a competitive advantage. While this is indeed the case for these countries, it remains to be seen whether it will happen on a global scale.

Investing in Reserve Rights: How will the Reserve Protocol evolve?

The project’s user base is growing, but this is only the beginning of what the Reserve Protocol team has in mind. Their plan is to expand the decentralized network to countries all over the world. There are also plans to add other functionalities, such as processing card payments, automated currency exchange, handling payrolls and much more.It is not yet proven, but the Reserve Protocol team believes that entire economies can run on cryptocurrencies. They also believe that, through the peer-to-peer approach, it will remove the oversight and regulation often associated with financial systems.

Save and execute transactions with the Reserve Protocol

The Reserve protocol has already released its mobile app in several South American countries. Among its users are entrepreneurs and ordinary people from Venezuela who use the low-friction transactions made possible by Reserve Protocol.They also benefit from being able to save and conduct transactions in a currency other than their Venezuelan peso, which is highly inflationary. The protocol works quite straightforward. A user uses the app to buy RSV and select a method of transfer.The transfer goes to one of the Reserve Protocol network traders who fulfil the request by sending RSV. The user can then spend the RSV as he wishes.

Is Reserve Rights a profitable investment for the long term?

The team faces a significant challenge in directly targeting high inflation countries and emerging market economies. It is no small task to establish a global network of sellers and users in that sector who are committed to using RSV tokens.The project is highly speculative and requires the team to continuously learn new things and adapt as the project grows. And undoubtedly the complexity of the project itself, combined with the difficulties of economically inefficient countries, will create unforeseen problems that must be addressed.Reserve has already made considerable progress, but it is a long-term project. There is no telling when the project might begin to move towards full independence and decentralization, but those who share the philosophical thinking behind the project and Reserve’s goals can support the project by buying and holding RSR governance tokens. If the project achieves its goals, this can be a very profitable investment in the long term.

Investing in Reserve Rights: What is the price forecast?

The Reserve Protocol is being used more frequently which makes it a more appealing investment. This is also reflected in the price forecasts that many analysts and experts estimate to be high for the coming years. This makes RSR a potentially good investment.Please note that investing in cryptocurrencies involves high risks. You can also lose your entire deposit. It is often wise to enter the market at different times: that way you avoid investing all your money in this cryptocurrency at the top.

Market cap and supply of Reserve Rights

Reserve Rights has a fixed supply of 100 billion tokens. Less than 10% of these are currently in circulation. The maximum token supply is predetermined, but a large proportion of the tokens are locked up for various reasons.The Reserve Rights token was initially launched with a circulating supply of 6.85 billion tokens, of which 3% was distributed to Huobi Prime IEO participants, 2.85% released as project tokens and 1% to private investors. All team, adviser, partner and seed investor tokens will remain locked until the main net is launched.55.75% of the supply is locked up in a smart contract known as the ‘slow wallet’. The money from this wallet is released after a one-month delay with a public on-chain message from the Reserve team explaining the purpose of the withdrawal.

When was Reserve Rights established?

Reserve Rights was founded in 2017 by Nevin Freeman, Matt Elder and Miguel Morel. The company is headquartered in Oakland, California. Since then, the team has grown to more than 10 members. Miguel Morel used to be in charge of operational strategies, but he is no longer listed on Reserve’s website. Rumour has it that he is founding a new start-up.

What is the current Reserve Rights team?

The Reserve Rights team currently has 18 members and advisers. Not all members are listed on the website, as they wish to remain anonymous due to their whereabouts or to protect their identity. These are the main team members:

Nevin Freeman (co-founder and CEO):

Freeman is one of the founders of Reserve and is the CEO of the project. He is responsible for strategy, legal affairs and team coordination. Prior to founding Reserve, he co-founded Paradigm Academy, Metamed and RIABiz, among others.  Freeman is keen to solve the problems that prevent humanity from reaching its potential, and he is particularly concerned about averting the long-term risks associated with the development of artificial intelligence.

Matt Elder (co-founder and CTO):

Elder is also one of the founders of Reserve and its Chief Technology Officer. He is responsible for the development of the protocol and the architect behind the implementation. Before founding Reserve, he was an engineer at Alphabet, IBM and Quixey, among others.

Charlie Smith (Business development):

Smith is responsible for tactics and partnerships at Reserve. He previously worked as a management consultant at ReD Associates and helped start a bitcoin mine in Texas.

Cathleen Kilgallen (CFO and Compliance Officer):

Kilgallen is responsible for Reserve’s finances and ensures the team’s compliance. Prior to Reserve, she was COO at Leverage Research and Paradigm Academy, and has worked for The Jane Goodall Institute and Amnesty International, among others.The team also includes Jesper Ostman and Taylor Brent for Protocol Development, Mark Lee for Legal and Erika Campbell for Onsite Operations.Want to learn more about Reserve and the Reserve Rights token? Visit the website of this crypto currency.

What is mining and how can you mine bitcoins?

You may have heard of it: Bitcoin mining. But what is it, and how does it work? It sounds complicated, but it is not. So, if we leave out the difficult words, what can we tell you about Bitcoin mining and how it works?

What is Bitcoin Mining?

When you hear the word Bitcoin mining you will quickly think of “Creating new Bitcoins”, but actually that is not the right description. The name is a bit of a stretch. The essence of mining is processing transactions in blocks. The miners also receive the reward in the form of Bitcoins and secure the network. But what is a miner? More on that later.

A decentralized network

First, let’s go to the decentralized network. This is another difficult word, but it actually means nothing more than a network that is not controlled by any government or other central party. The network surrounding Bitcoins and other cryptocurrencies is decentralized. It allows you to receive, send and manage money. Very convenient!The network is very simple. Say you want to pay a friend some money because you bought something from him, and you want to do it in Bitcoins. You simply open your wallet, scan his QR code and send the Bitcoins you want to give. The transaction is processed immediately, without the intervention of a bank or anything else. Your friend receives his money directly in the wallet.Now let’s look at this with a transaction through the bank. Through the app of your bank you can also send money rapidly, that’s true. But it’s a bit slower. You are sending it from bank to bank, instead of from person to person like with Bitcoin wallets. If you both have the same bank it will be there almost immediately, but if your friend has a different bank it can take a few days. Or what about a bank abroad? Then it takes even longer. You are then dependent on the bank and its working methods.

bitcoin mining

Who controls the transactions?

When you transfer an amount through a bank, the bank checks the transaction. Nowadays, much of the process is automated, but the bank is still the one that approves and records the transactions. For example, if you make a transaction above a certain amount, a report is often sent to the tax authorities to prevent fraud.The decentralized network is the one that controls the transfer of Bitcoins. This network is made up of a network of computers, all of which process your transaction. Each node in this network has its copy of the entire transaction history of that one bitcoin. Therefore, all transactions are processed by all those computers connected to the network and processed into blocks.These blocks of transactions are all in a chronological order starting with old and ending with new transactions. This creates a chain of blocks of transactions. This is called a blockchain. A chain of blocks.Through transactions, blocks and blockchain, we come back to mining and its miners. Miners are the workers who put Bitcoin transactions into blocks in the blockchain. Do you still keep up with us?

Miners and their blocks

We now know what miners are, but how does mining work in practice? You would think that anyone can just add blocks to the blockchain. In fact, they can. To add a transaction, your computer must guess the correct solution to the puzzle. The faster the computer can do this, the more solutions it can provide per second.Each computer wants to guess the solutions as quickly as possible in order to add a block to the blockchain. To achieve this, the computer processes all the information from all the transactions and puts it into a block. Then it runs it through an algorithm. The answer that comes through the algorithm must be correct. Only when this is the case can a miner add the block. To be able to do all this, the computer needs computing power. In other words: you must be able to prove that the equipment you want to use for mining has done its job. When this happens we talk about Proof of Work.

The remuneration of miners

A good computer is expensive, and so is computer power. You also need energy to run your computer. This too must be paid on a monthly basis. This is why miners receive a reward in the form of Bitcoins. For the miners, this is the motivation to carry out their work. The reward varies but can be as much as 12.5 bitcoins per transaction block. This can add up quite nicely. The Bitcoins they receive for this are new Bitcoins. A miner also receives all the transaction fees for the individual transactions.The remuneration for mining does not always remain the same. The reward is halved every 4 years. This process is called Bitcoin block halving.

Miners secure the network

The Bitcoin code contains a lot of information. For example, this information includes a code that allows a block to be added every 10 minutes. If we look at the network today, it consists of thousands of miners. To ensure that this mining continues for 10 minutes, the degree of difficulty must be increased. If this would not happen, the blocks will be released too quickly.This is a hassle, but on the other hand, adjusting the level of difficulty also increases the security of the network. As an individual, it is currently virtually impossible to gain control of Bitcoins. Hackers will always try, but it is made very difficult for them. As a hacker, you need more than half of the computing power of the entire network. When there is an attack on the blockchain, we call it a 51%-attack. However, an attack is almost impossible, simply because collectively there is too much computing power.

Can you mine bitcoins yourself?

As a person, it is almost no longer profitable to mine bitcoins yourself. In the early years, this was still doable. Back then you only needed some technical knowledge about Bitcoins and a good laptop and you could mine Bitcoins. However, more and more miners are joining and, as we just mentioned, the level of difficulty is increasing. As a result, you need better equipment to be able to mine bitcoins. It is therefore now almost impossible to do this yourself. In any case, the simple laptop is no longer sufficient.

Mining pools run the show

But who performs the mining, and how does it work? A question that has a clear answer: the mining pools. The mining pools are the companies that currently control most of the Bitcoin mining.Mining pools are companies that join forces and can therefore control the mining process. If you would like to mine bitcoins yourself, you can join a mining pool. The revenue generated by the mining pool is divided among the number of participants.

Making Profit from Bitcoin Mining

Unfortunately, because the revenue is divided among the participants, there is also a lot less bitcoin left over per person. Therefore, it is not really profitable to mine bitcoins yourself. But if you want, you can of course mine the Bitcoins to support the network.Would you still like to make a profit from mining bitcoins? In that case, there is always a solution. One of the solutions is to mine crypto coins by using combined computing power.

Equipment for mining

If you have decided to mine bitcoins, you will, of course, need the right equipment. This can be done with advanced ASIC chips. But don’t go running to the supermarket, because they don’t sell these chips there. And you will probably miss them in your pantry too. ASIC chips are something entirely different.The best known mining equipment comes from the factory of the Chinese company Bitmain. Every so often, this manufacturer releases new equipment that makes it possible to mine cryptocurrencies. Bitcoin and Litecoin are two of them.Of course, this latest equipment is not cheap. To buy the equipment, you will probably have to pay a bill of over $1000. Okay, that’s a lot of money, but does this allow you to get started? No, unfortunately not; there are more costs involved. As we mentioned earlier, there is also the matter of power consumption, because your computer is running all day. (And don’t forget the night).Moreover, the equipment produces a lot of noise and heat. So, the computer needs to be in a safe place where it can get rid of the heat and where nobody is bothered by the noise.For every problem, of course, there is a solution. Miners are sometimes very creative. There are already stories of miners who wanted to start mining and put the computers in a tomato greenhouse. There the noise and the heat were not a problem.

Why are there miners?

Why would you want to mine? The equipment is expensive and the result is uncertain. The answer is simple, for profit of course! If you have the right equipment, your computer can find the solution to the puzzle quickly. You will then have completed the transaction correctly and will receive new Bitcoins.As we all know by now, Bitcoins can increase in value quickly, so your wallet can be worth much more today than it was yesterday, without you having to do anything.

Cloudmining

Can you still mine when you do not possess the right equipment? Yes, you can! You can hire a cloud mining company.If you want to get started with mining, a cloud mining company can help you. This can save you a lot of money. These companies have set up their data centres, often in countries where energy is a lot cheaper than in Europe.It is now clear that the computers used for mining consume a lot of power, and this keeps many miners from working. The computers also become hot, due to the many calculations, and therefore need a way to cool down. If you place such a computer in a warm country, it will have to work much harder to cool down, than in a country where it is cold by default. Iceland is therefore a very popular location for cloud mining companies.Another advantage of starting to mine through a cloud mining company is the limited knowledge that is required. Of course, you need some knowledge about Bitcoins and mining, but you still need less knowledge than if you were to do everything yourself. You don’t need to buy any equipment, install anything yourself and you don’t have to deal with the noise and heat. So, there is no need to find a solution for this either.Before you take up with a cloud miner, it is a good idea to conduct some research. Unfortunately, there are also scammers in this market and of course you want to avoid them at all costs. Often, these are companies who promise to make returns that are too good to be true. If a company is transparent about its address and contact details, this is much more trustworthy. Also pay attention to photos of the data centre and reviews.

What are the risks of investing in cryptocurrencies?

It will not have escaped your notice that the crypto market has experienced unprecedented growth in the last few months. Many investors are interested in the coins and want to benefit from this unprecedented growth. Now it so happens that there are a number of risks involved in investing in cryptocurrencies.

Is investing in cryptocurrencies safe?

Although there are a number of risks involved in trading cryptocurrencies, it is indeed possible to invest safely in the coins. The risks are only important to keep in mind as an investor. Without knowing the risks, it is actually not possible to make a good investment choice.

The biggest risks of investing in cryptocurrencies

OK, so there are a number of risks associated with trading cryptocurrencies. Which risks are these exactly, you might ask? We have made it a bit easier for you by listing the biggest risks of investing in cryptocurrencies below. There is no real order to these risks. By the way, don’t let this stop you from investing in cryptocurrencies, all kinds of investments involve risks:

Bitcoin and cryptocurrency is not regulated

Perhaps the biggest risk involved in trading cryptocurrencies is the fact that they are not a regulated type of asset. Bitcoin investments and crypto in general exist in most countries as a kind of unregulated form of investment. Very few countries have a fully regulated crypto market like Singapore or Switzerland. Therefore, there is a risk that investing in Bitcoin and crypto will later become criminalized if a country decides it is illegal.Although the chance of this happening in the Netherlands is small, we do see that some countries are trying to make investments in cryptocurrencies illegal. For example, China has had a ban on cryptocurrency investments for a long time. One way to be sure is to be aware of the regulatory events in your country. We strongly recommend that you read up on these matters and stay informed. You can do this for by reading financial magazines or by joining forums for crypto investors in your country. That way you can be sure you won’t miss anything about the latest developments.

risk crypto currency

Cryptocurrencies have problems with wallets

Another risk of investing in cryptocurrencies is the fact that you might encounter problems with the use of wallets for storing the coins. If you type in an account number incorrectly with normal banks, the bank server will recognize the error and the transaction will simply not go through. Or if you type in the wrong number, the bank will show the name of the person who belongs to the account before you can continue. This way you can be sure that your money always reaches the right person.Unfortunately, this is not possible in the blockchain. The only thing an exchange or wallet can tell you, is that a wallet address belongs to the network and is therefore a valid wallet. It does not tell you who that wallet belongs to or what exactly is in it.This may mean that you can accidentally send cryptocurrencies to a wallet that has no owner. If this happens, then you will lose your money, the transactions cannot be reversed. In fact, this is how cryptocurrencies are often lost. Some projects even use this method to bandage coins. If a developer wants to reduce the stock of a cryptocurrency, he sends it to a wallet address without an owner. This and the fact that transactions cannot be reversed is a major disadvantage of investing in cryptocurrencies.

Cryptocurrencies are not cheap as a means of payment

Another risk is that cryptocurrencies will not be used as a real means of payment. This is mainly due to the fact that cryptocurrencies often charge substantial costs for processing transactions carried out through the network. Of course, credit card providers and banks also charge costs, only in the case of cryptocurrencies these costs are not known in advance. There are of course traditional costs, such as the costs charged by exchanges for their services. But because blockchains work through a network of various participants (also called Peers), there are also costs associated with the use of the network.In the Bitcoin blockchain, a fee must be paid for each transaction sent. The extra money encourages the miner to pick up the transaction and add it to the next block. In times of intensive use, these transaction fees can become expensive and reduce profitability.This is of course not convenient if you want to use cryptocurrencies as a digital currency. You don’t want to queue for hours before it is finally your turn to have your transaction processed. Although there are some cryptocurrencies that manage to overcome the problems of Bitcoin, the fact is that there are costs involved in using cryptocurrencies that are not known in advance. This is a big risk for investors speculating on the future of the project.

Bitcoin may face hidden blocks

This is a risk that is particularly relevant to Bitcoin, although it also applies to the other types of digital currency that use miners to mine the blocks. It is a risk that comes with pools. You can think of a pool as a group of miners who pool their computing power to make mining BTC more profitable. A pool must be controlled by a group of miners because the mining software has some limitations.The problem is that those who control the pool can hide from the rest when they successfully mine a block. In this way, the rewards of mining only go to those who are aware and the rest have just spent their computing power for nothing. This is a risk that fortunately is getting smaller and smaller now that there are various cryptocurrencies that make it impossible to hide the blocks. However, it is a risk that still exists for Bitcoin itself.

Cryptocurrencies are susceptible to manipulation

The next risk is that digital currency may be susceptible to manipulation. There are big investors who bought Bitcoin when it was only worth a few cents of a dollar or a few dollars. They bought thousands of BTC at that time, and now they have enormous power over the rest of the supply. They can influence the price of BTC by selling just a few of their coins and buying more after the price has dropped to a lower level.Bitcoin investing involves a high degree of market manipulation. If these large investors are constantly driving down prices, then you could lose a lot of money as a beginner investor. Unfortunately, there is little that can be done about this, as these people simply have too many coins in relation to the rest.

Cryptocurrencies may get a hard fork

Another risk is that it is possible that a certain type of cryptocurrency will suffer a hard fork. A hard fork is a change to the network that actually creates a kind of new project. The network splits in two after a fork and its computing power is permanently divided among the miners who take over one split from the other.Blockchains are very vulnerable after a split. This is also the moment when attackers try to steal money from the network that has become less secure. We also call this a 51%-attack. A group of miners takes control of more than half of a network and uses this power to double-dip coins and steal money. Although this does not happen regularly, cryptocurrencies that run on the blockchain are susceptible to it.

Cryptocurrencies are very volatile

The last risk of investing in cryptocurrencies is the fact that the coins can be regarded as very volatile. This means that the prices can go up and down considerably, sometimes a lot in a very short term. Especially in the short term the price fluctuation can be in the double digits, this is something which actually doesn’t happen regularly in the financial world.Owning Crypto can be very risky if you do not know how much it will be worth in a few hours. Of course, there is an advantage to this, as it is quite possible that the price will increase considerably in the short term. If you choose to invest in cryptocurrencies, it is necessary that you don’t need the money in the short term and that you can really miss it. If you put all your savings in it, which you had put aside for your studies, then it might blow up in your face.You can also choose to enter on a staggered basis: you then buy crypto coins at different times, which means you enter at the top and at the bottom.

Is it wise to invest in cryptocurrencies?

If all went well, the above has ensured that you have learned more about the risks associated with the trade in cryptocurrencies. Of course, these risks do not imply that it’s totally unwise to invest in digital currencies. As we already indicated, it’s true that every investment comes with certain risks. However, you must be aware of these risks and that you know what’s involved in investing. Be sure to visit this site to learn much more about investing in cryptocurrencies!

Is bitcoin a bubble? – everything you need to know

You only have to tell people that you would like to start investing in cryptocurrency, and they will immediately tell you that it is a big bubble. Often, these are people who are completely unaware of how an investment bubble works or what the characteristics of a bubble are. To help you get started, we will show you if Bitcoin is a bubble or if it is a wise choice to invest in.

What is a bubble anyway?

First, let’s look at the phenomenon behind the bubble. What is a bubble, you may ask? An economic bubble or asset bubble is the situation where asset prices appear to be based on unlikely or inconsistent expectations about the future. It can also be described as trading in an asset at a price that greatly exceeds the asset’s intrinsic value.In normal language, it means that the prices are far too high compared to the underlying value. When bread is sold for $600 a piece, you know that something is wrong. This is also sometimes the case with shares, bonds and other types of assets. They call it a bubble because the prices keep rising (the bubble is inflating) and then all of a sudden, they are worth nothing (the bubble bursts).

Bitcoins bubble

Phases of an investment bubble

Now that you know a bit more about what an investment bubble is, it is important to look at the phases that we can distinguish in a bubble. What is special about the phases is that they are the same for every bubble, whether it is stocks or possibly Bitcoin. To make things easier, we have listed the main phases of a bubble below:

Phase 1: Displacement

Displacement occurs when investors are very interested in a particular type of asset, such as a new technology like blockchain. A classic example of crowding out is the fall in the federal funds rate from 6.5% in July 2000 to 1.2% in June 2003. During this three-year period, interest rates on 30-year fixed-rate mortgages fell by 2.5 percentage points to an all-time low of 5.23%. This led to many people wanting to start investing. As a result, there was interest from the public.

Phase 2: Boom

The next phase of the bubble is the so-called boom phase. The prices rise slowly at first, but then rise much faster as more and more investors join who are also keen to make money from the rising price. During this phase, the asset in question gets a lot of media attention. The fear of missing out on a unique opportunity leads to more speculation. As a result, more and more investors and traders will enter the market, causing the price to rise again. It is a kind of self-fulfilling prophecy that comes true.

Phase 3: euphoria

The next phase in a bubble is the euphoria phase. During this phase the prices really shoot up. The prices reach extreme levels during this phase. People think that the price can only go up and that there will always be buyers for their stocks, for example. At the peak of the Japanese property bubble in 1989, property in Tokyo sold for 139,000 dollars per square metre. This is more than 350 times the value of property in Manhattan.Japanese bubbleThis shows that prices are no longer realistic at all. People just do not want to see this because they only think that the price will go up even further. For example, at the height of the Internet bubble in March 2000, the combined value of all technology stocks on the Nasdaq was higher than the GDP of most countries.

Phase 4: Sale of assets

In this phase, the first profits are recorded. This usually takes place at the moment when the first warning signals are given that the growth of the previous phase cannot continue for so long. Estimating the exact moment when a bubble will burst is not easy. The famous economist Jan Maynard Keynes said this as follows: ‘The markets can stay irrational longer than you can stay solvent.In August 2007, for example, the French bank BNP Paribas stopped the withdrawal of three investment funds with significant exposure to US subprime mortgages because it could not determine the value of their holdings. While this development did cause quite a stir, it took much longer for the bubble to burst. The people who get their money out of the market at this stage are, of course, the big winners. They can make a huge profit on their investment.

Phase 5: Panic

The final phase of the bubble is the panic phase. If a bubble really bursts, it will burst immediately and many shares or other types of assets will become almost worthless in one day. In the panic phase, asset prices reverse course and fall as fast as they rose. Investors see their money disappear into thin air. As supply overwhelms demand, asset prices fall sharply. A good example of this phase is the bankruptcy of Lehman Brothers. The S&P 500 plummeted nearly 17% that month, the ninth worst monthly performance. The bank’s own shares became worthless.

Bitcoin – top 4 reasons why it is not a bubble

If you have read the above, you already know how to recognize a bubble. With this knowledge, it is easy to see if Bitcoin is a bubble or not. Below, we have listed the top 4 reasons why specialists and economists say Bitcoin is not a bubble:

Bitcoin is increasingly used as legal tender

The main reason that Bitcoin cannot be seen as a bubble is the fact that it is increasingly being used as a real legal tender. One of the biggest challenges that Bitcoin has faced so far has been its acceptance by legislators and financial regulators to be used as a real currency. This was mainly due to its decentralized nature and association with criminal activity over the Internet.Fortunately, this has changed. There are more and more countries and governments that are very positive towards cryptocurrencies. This growing adoption means that Bitcoin’s price is rising and that its use is increasing significantly.In April 2017, Japan announced that it would officially accept Bitcoin as a legal payment method. In the Philippines, citizens are increasingly using Bitcoin to send and receive cheap money transfers. This has not gone unnoticed by the country’s Central Bank. In fact, they said in February 2017 that they will regulate Bitcoin. As a result, Bitcoin can be used as an official currency, giving it full legal status. Countries like Australia and Russia have recently made similar statements that could lead to Bitcoin becoming a fully accepted medium of exchange in their respective countries. It is likely that many more countries will do so as well.

Bitcoin used by more businesses

Besides the fact that Bitcoin is increasingly used or regulated by governments, many more businesses are choosing to use Bitcoin. Several leading technology companies and e-commerce platforms accept Bitcoin as a means of payment. Microsoft, Rakuten, and Overstock are three of the largest companies that accept Bitcoin payments.Increased media coverage and new acceptance in countries such as Japan is driving more and more businesses to join them. Bitcoin offers many advantages to sellers and businesses. For example, it costs much less than credit card payments. Bitcoin can also make it easier for people from foreign countries to make transactions without the interference of banks.

Bitcoin is used as a digital store of value

Another reason why Bitcoin is not considered a bubble is that it is used as a store of value in countries that are struggling financially. For example, in countries like Venezuela, Bolivia, and Zimbabwe, Bitcoin is a storage of value and an alternative means of payment. This is mainly due to the fact that local currencies are losing value.This can be seen by the increasing volumes of bitcoin traded, which are negatively correlated with the performance of local currencies and economic growth in distressed regions. Bitcoin also allows citizens to put their money aside and buy things with it. This is much more convenient than regular currency as Bitcoin is not prone to inflation.

Bitcoin supply is limited

Another important reason why Bitcoin is not a bubble is the fact that the supply is limited. The way Bitcoin is created, there can never be more than 21 million coins. On top of that, the rate at which new coins are created will slow down over time. So, this really ensures that the supply is finite, unlike, say, normal currencies. Due to the finite character, it is not possible for the price to develop in the same way as that of a real bubble. So as an investor you don’t really have to worry about this.

Is Bitcoin a Bubble?

With the reasons mentioned above, we can conclude that Bitcoin is not just a bubble. This means that it can certainly be a good option to invest in Bitcoin. It is quite different from the Tulip bubble or the Dot Com bubble.Bitcoin is likely to continue to grow and use the blockchain much more in the coming years. Of course, this does not mean that Bitcoin will not experience significant declines. It is just that Bitcoin cannot be seen as a bubble. Those who say it is, should read this article to learn more about how a bubble works.However, it is important to remember that blockchain and Bitcoin are still very new. As more and more businesses accept crypto money, you can see that the case for it is growing. However, given Bitcoin’s limitations, it is questionable whether Bitcoin will remain the dominant player; it could be taken over by another cryptocurrency. Therefore, be vigilant with investments and cryptocurrencies and consider investing in other altcoins.

Want to buy bitcoins?

Are you convinced that Bitcoin is not a bubble? Then it might be smart to buy the cryptocurrency. You can do this with a reliable crypto exchange:
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Which cryptocurrencies are anonymous?

Cryptocurrencies are currently immensely popular among investors. Due to the high returns, it is often possible to earn a lot of money with them in a short time span. Cryptocurrencies come in all shapes and sizes. One of the possibilities to choose for is the anonymous digital currency. In this article we will show you some more about this unique kind of cryptocurrency.

Investing in anonymous cryptocurrencies

One of the most popular types of cryptocurrencies is still the anonymous cryptocurrency. As you can tell from the name, these are digital coins that allow you to make certain transactions anonymously. Since not everyone is familiar with the anonymous cryptocurrency yet, we decided to list the most important information in this article. We will show you what an anonymous cryptocurrency entails and which types of anonymous cryptocurrencies are currently available on the market.Do you want to invest (anonymous) in cryptocurrencies yourself? Binance is the best place to do this. At Binance, you never pay more than 0.1% in transaction fees. Use the button below to open an account at Binance:

The anonymous cryptocurrency – what is it?

Before we can go into the best-known anonymous cryptocurrencies, it is useful to take a look at what is meant by anonymity when it comes to digital currencies. For this, we need to take a closer look at the technique behind cryptocurrencies. As you might already know, a cryptocurrency is a digital currency used as a medium of exchange. It is similar to real currency, but has no physical embodiment and uses cryptography. This ensures that it is almost impossible to counterfeit or pay twice. This is why it is different from a normal bank account. When you open a normal bank account, the bank registers your KYC data. This is an abbreviation that stands for Know Your Customer.This data is important to ensure that banks do not deal with people who want to launder money, for example. However, this is not the case with cryptocurrencies. On the one hand, cryptocurrency is completely anonymous. You cannot simply see who is behind a transaction. On the other hand, it is completely transparent and traceable. This is because the data is stored on the blockchain. This blockchain is accessible to everyone on the network.The addresses to and from which money is sent, the date and time and the value of each transaction are all recorded. The only thing that is not recorded is the identity of the people behind the addresses.

anonymous cryptocurrencies

Is cryptocurrency anonymous?

Of course, the above still doesn’t make it clear whether cryptocurrency anonymous or not. The answer to this question is that it depends on what you mean by anonymous. It is anonymous in the sense that you can own a crypto address without revealing anything about your identity in that address. A person can own several addresses. In theory, there is nothing to link those addresses to. Sending and receiving virtual currency can be compared to writing under a pseudonym. If an author’s pseudonym is ever linked to his identity, everything he has ever written under that pseudonym will be linked to him.The original Bitcoin white paper advised users to use a new address for each transaction to avoid being linked to a common owner. Thanks to the way the algorithm is structured, everything that happens in the Bitcoin world can be tracked. This leads to a level of transparency that does not always guarantee the best anonymity. Because all transactions are permanent and public, Bitcoin does not allow for true anonymity. As a result, Bitcoin itself is not really an anonymous cryptocurrency. Of course, there are many other coins besides Bitcoin. Some of them can be considered anonymous cryptocurrencies.

The advent of privacy tokens – anonymity and privacy at the heart of the issue

To overcome Bitcoin’s privacy problem, special cryptocurrencies have been created that use technology to guarantee a high degree of anonymity. We call these Privacy Tokens, digital currencies that put the user’s privacy first. Privacy Tokens are cryptocurrencies that specialize in keeping your identity and transactions hidden. These coins focus on keeping transactions anonymous and invisible. Anonymity disconnects your identity from your wallet and specific transactions, while untraced ability prevents external parties from mapping your blockchain activity.

The most well-known anonymous cryptocurrencies

The above should have given you a better idea about the anonymity of certain types of crypto projects. Now that you know this, it is time to look at the main types of anonymous cryptocurrencies that are currently available. We have made it a bit easier by listing the best-known anonymous cryptocurrencies for you:

Monero

Monero is without doubt the best-known anonymous cryptocurrency you can find at the moment. This project is so anonymous and private that you cannot even see how much is being sent between the different parties. Not even the police will be able to find out how much Monero you transfer to someone else via this project.Monero uses complex technologies such as Ring signatures, RingCT, Kovri, and Stealth addresses to protect users’ privacy. Stealth addresses are probably the simplest way to ensure your privacy when making transactions. In their most basic form, these addresses create a new address when you receive cryptocurrency. This ensures that outside parties cannot link future payments to your wallet address.Ring signatures connect you to other signatories in a ring to hide you as the sender. The more additional parties there are in the ring, the harder it is for someone to connect you to the transaction. How this works is something you don’t really need to know. The most important thing is that Monero can shield the transactions completely. Monero has been one of the bigger projects on the crypto market for a long time. The only disadvantage of this coin is its complicated technology. This causes the transactions to take a little longer.

Monero

Zcash

Zcash is another well-known option to choose if you are looking for anonymous cryptocurrencies. The special thing about Zcash is that they have a different approach to provide anonymity when making transactions. Zcash operates on a SNARK protocol, also known as zero-knowledge proofs. This protocol means that no data is stored when paying. This means that nothing is actually known about the person making the transaction. It is as if a ghost has made a payment via this digital currency. The protocol allows you to prove that a transaction is valid without sharing the details of the transaction.This mechanism not only improves privacy, but can also help with the scalability of a blockchain. However, Zcash has not yet implemented it as a standard. They still have an open blockchain similar to Bitcoin. To use this privacy feature on Zcash, you also need at least 4 gigabytes of RAM. This is quite a bit for older computers

PIVX

PIVX is another project that has tried to ensure the privacy of its users in the best way possible. The project of PIVX is the first proof of stake cryptocurrency to implement the Zercoin protocol. This is a special protocol which, like the above project, ensures that data no longer needs to be kept for transactions. It has only recently been implemented, so it does not yet work as it should. However, the great development team is taking care of that. The fact that this project can allow for super-fast transactions while ensuring privacy makes this one of the better projects to invest in. Of course, the question is whether the team will be able to handle all the challenges they are currently facing.

Komodo

Komodo is currently the real underdog in the cryptocurrency world. It is therefore not surprising if you have never heard of this project. The interesting thing is that this is a currency that really goes out of its way to make anonymous transactions possible. Komodo also uses the SNARK protocol of Zcash. They have actually taken over Zcash’s technology, only they have made the necessary adjustments to it. You can see it as a kind of little brother of Zcash.This means that Komodo has similar disadvantages to Zcash in terms of private transactions. Komodo’s project is not only focused on private transactions. They are also working on setting up a decentralized exchange. This is a stock exchange that is not supervised by a company or group of people, but that really exists completely independently.

NAV Coin

NAV Coin is one of the most undervalued anonymous cryptocurrencies at the moment. This is mainly due to the fact that this project has some major centralized problems that they have yet to solve. NAV Coin does not use cryptography to guarantee anonymity. Instead, they use complex technologies to create a different kind of blockchain. This is made possible by the NavTech servers setting up a new network. How this works exactly is simply too difficult to explain. The only thing that is important to know is that NAV Coin does not yet guarantee the exact anonymity that it promises. However, this may change in the future.

ZenCash

ZenCash is a project which is also very similar to Zcash. They again use the SNARK protocol to enable anonymity. They have used the familiar setup of Zcash. This means that they have some minimum RAM requirements for sending a protected transaction. Currently, you need to have at least 3.2 gigabytes of RAM to make the transactions. The team is trying to differentiate itself by focusing on supporting different types of wallets. This would make it possible to also send other cryptocurrencies using ZenCash. Although this does not work very well at the moment, there is a good chance that they will succeed in the future.

Verge

The last project you can invest in if you like to buy anonymous cryptocurrencies is Verge. Verge has taken a different approach compared to others to become private and anonymous. Unlike the coins above, this is a project that actually does not use a special technique to ensure anonymity for transactions. In fact, they only use Tor to secure the transactions. Tor uses a special kind of routing to wrap your IP address in encrypted layers. Although you can use Tor with any blockchain, some include it by default. Both Verge and Monero protect transactions with Tor or an alternative.If all goes well, the information in this article has given you a better understanding of what anonymous cryptocurrencies are. Due to the high level of security these are the ideal coins to use if you like to make transactions in a completely anonymous way. We also showed you which cryptocurrencies with a high degree of anonymity are currently available. If you would like to get help when investing in these anonymous cryptocurrencies, you are in luck. Here on the site you can find many more articles which can help you as a beginning investor.

Beware of cryptocurrency scams like bitcoin code

There are many people who choose to start investing in cryptocurrencies. Although most brokers and exchanges are safe to use, there are unfortunately some providers that are not. One of these providers is Bitcoin Code.

Many complaints about Bitcoin Code

Bitcoin Code promises that you can make a lot of money with this software. This company does promise golden mountains, but it turns out that there are many people who have a very negative experience with the company. How is this possible? And why are so many people being scammed with Bitcoin Code? To find out, read on, and we will show you. By carefully reading the article below, you will not be so susceptible to scams.

The arrival of the Bitcoin scammers

Many people who are just starting out in crypto investing and who don’t know much about the market,  can easily be lured into a trap by scammers. This is mainly due to the decentralized nature of bitcoin and the lack of knowledge surrounding it for beginners. With bitcoin, if you get scammed, there is no one to turn to.Bitcoin does not belong to anyone, but to everyone. Therefore, it is not possible to file a complaint or anything like that. Promises of huge returns thanks to the guidance of some shadowy “bitcoin expert” or auto-trading software are unfortunately still common on the internet. The old rule of thumb still applies: if it sounds too good to be true, it probably is.

The Bitcoin Code – a group off scammers

Time to zoom in on the project behind Bitcoin Code. Bitcoin Code is a scam company whose website is constantly changing. Like many scammers, the website offers a service that allegedly predicts market trends and automates trading for users, making ridiculous profits of thousands of pounds in a matter of hours.Some people wonder how anyone in their right mind can fall for such a scandalous claim. But this is not uncommon. People who know nothing about bitcoin will quickly believe that the internet can generate that much money in a very short time. Many people are afraid of missing out on the action and of not being able to share in the success of the currency.You only have to do a quick search on the Internet to see that Bitcoin Code is indeed a fake website that tries to scam people. For example, it features a fake photograph of the creator of Bitcoin Code. The creator, “Steve Mckay”, does not exist. The picture is simply copied from the internet and has nothing to do with the Bitcoin Code team. There is also a promotional video for Bitcoin Code in which an actor recites a text. This actor pretends to work for Bitcoin Code, but this is just someone who has nothing to do with cryptocurrency.

Bitcoin code

Tip – don’t trust the reviews on Google

One of the reasons why many people still fall for Bitcoin Code’s tricks is that the company spends a lot of money on having good reviews written. Even the best Google search results still give good reviews of Bitcoin Code and claim that it is a truly reliable software. It is important to remember that a top search result does not mean that a piece of content is reliable. In fact, you can get to the top of the search results effortlessly if you have a large budget.In fact, Bitcoin Code is not the only company trying to scam people. This software has been used to scam people before. For example, Bitcoin Revolution is a similar kind of software that tries to scam you and steal your money. It is critical to stay away from these nonsense companies and always choose a reliable broker or exchange. We will show you how to do this later on in this article. This will make it possible for beginners to find the right websites in the future.

How do the scammers operate?

First, it is useful to take a brief look at how Bitcoin Code works. The way these scammers go about it is by gaining the target’s trust. After that, the rest is pretty easy, especially if the victim knows little or nothing about the subject in question. Bitcoin Code says that with a few hundred pounds you can become incredibly rich. According to the website, making a small deposit is enough to get started. Once you have deposited money in your account, it is very likely that you will lose everything. Calling Bitcoin Code customer support is useless, as they do not exist or do not answer at all.

Conclusion – stay away from Bitcoin Code

We hope the information in this article has given you a better idea about Bitcoin Code investing and the risks it entails. You really should not choose this provider. If you do, there is a good chance that they will take your money and you will lose everything. That’s why it’s useful to choose a reliable provider like Binance if you want to start trading cryptocurrencies safely. When choosing a good broker, it is therefore useful to pay attention to the following matters:
  • Look for independent reviews
  • Check that there are no major complaints about the company
  • Research the team behind the party
  • Don’t just deposit a certain amount, but check everything carefully
  • Start with a small deposit (a few pounds) to see if the website is genuine
By paying attention to these things, it is not so difficult for anyone to keep scammers at bay and to be able to invest safely. Be sure to visit this site if you want to learn more about investing in cryptocurrencies and how you can do this safely and responsibly!

Buying Augur – how can you invest in Augur or REP?

You may have heard about the cryptocurrency Augur or the REP token from someone at work, in your family or friends circle or at school. But what is Augur exactly? Everyone can tell great stories, but how does it work, how can you buy it, and can you really make as much profit with it as they tell you? In this article, we will explain everything about Augur, or the REP token. What it is exactly used for and how you can buy this cryptocurrency.Trading markets usually require a central intermediary to match supply and demand and finalize orders placed. In return, the intermediary (exchange or broker) charges a transaction fee, which can lead to high prices for closing trades. Because of these fees, transactions are often only concluded at specific events and only by established agencies, which also means that many matches are not considered in detail.The Augur blockchain platform is designed to solve exactly this problem. With a global, open, decentralized prediction market platform, anyone can create a prediction market for any event and offer shares in it. High brokerage fees are eliminated. Blockchain technology and ”the Wisdom of the Crowd” eliminate the need to trust a central broker.

Where can you actively invest in Augur?

Like other cryptocurrencies, the price of the Augur cryptocurrency is very volatile. It may therefore be smart to actively play into this with CFDs. At Plus500 you can try trading cryptocurrencies such as the Augur for free with a demo. Use the button below to immediately open an account with this broker:

How to buy Augur?

You can buy the cryptocurrency Augur at a reliable provider like Binance. At this cryptocurrency broker, you will never pay more than 0.1% in transaction fees. Use the button below to immediately open an account with Binance:

What is Augur?

First of all, what exactly is Augur? Augur is designed to function as a betting platform but actually more of a prediction market. Augur is designed to use the “Wisdom of the Crowd” to consistently outperform expert predictions on everything from market movements to sports betting.It costs REP to make a bet. Correct predictions reward gamblers with more REP than they wager, whereas incorrect predictions are logically not rewarded at all.The end result is a decentralized prediction market. You ask it a question, the question is posed to the crowd and the wisdom of the crowd pumps out an answer that is more statistically accurate than any expert’s answer. In short, Augur is a peer-to-peer, decentralized exchange where one can universally and transparently make predictions on virtually anything that can be predicted for.Augur basically runs on Ethereum, which means that pay-outs are automatic and not under the control of any person or organization, including Augur itself. You can trade with Augur through their trading app which you can find and download on Augur.net.

Augur crypto currency

What is the prediction market?

Augur allows participants to buy and sell shares based on the outcome of future events, where the price is determined by the probability of its occurrence. Research shows that prediction markets can be more reliable than professional institutions.Prediction markets are nothing new as records of prediction markets for political betting date back to 1503. They use the so-called “wisdom of the crowd” to make accurate estimates of events. The Cambridge Analytica scandal is a recent example of how well these prediction markets work and how they can change the outcome of an event.The underlying assumption is that if the sample size is sufficient, the answers are usually as accurate or even more reliable than the suggestions you would get from a single expert or group of experts.

Is there a market for this?

The “wisdom of the crowd” can lead to amazingly accurate predictions and will ultimately enable markets to operate more efficiently. Both Google and Ford Motor Company have been using predictive markets internally for more than a decade.Although these were mainly used to measure the effectiveness of internal processes, they could also be used in the financial sector. An exciting application of predictive markets is insurance in developing countries, where citizens have no other option to insure themselves against political, economic or even climatic risks.With a prediction market, a person living in such a country can insure himself against civil wars, droughts, floods or currency devaluation by buying a prediction contract that pays off when an unfortunate event occurs.

The Augur Team and its history

Augur was one of the first platforms founded in October 2014 by a team of 13 people led by Jack Peterson and Joey Krug. Before Augur, the two gained experience with Blockchain technology when they developed Sidecoin, a fork of Bitcoin. In addition to Augur’s experienced team, Vitalik Buterin, the creator of Ethereum, is the project’s advisor.The first public alpha version of Augur was released in June 2015, and this year Coinbase named Augur as one of the most interesting blockchain projects of the year. The beta version of Augur was released in March 2016.Augur’s biggest competitor is Gnosis (GNO), which is also based on the Ethereum network and is very similar to the Augur project. The main difference between the two projects is the use of economic models. While Augur uses a fee model based on trading volume, Gnosis charges fees based on the number of shares outstanding.Do you want to know more about Gnosis? Use the button below and read more about this cryptocurrency:The cryptocurrency REP was created through Augur’s Initial Coin Offering (ICO), in which 8.8 million of the total 11 million REP tokens were sold to investors. The remaining 2.2 million tokens were distributed to consultants, the development team and to the Forecast Foundation, which is responsible for the maintenance and further development of the Augur platform.Crowdsales led to the collection of 19053.92 BTC and 1176816.43 ETH, bringing the total money raised with the ICO at that time to $5,318,331.63. According to the company’s white paper, the majority of these funds were used to further develop the platform after its initial release.

What is the problem that REP is trying to solve and what does it need?

On the one hand, the creation of such a market is complex and cost-intensive, which is why it is usually only made possible by large gambling companies. On the other hand, due to the centralized nature of today’s gambling market, there may be manipulation or distortions of the results, as well as on the reporting of events and their outcomes. Results have so far always been reported only by the central betting office.Another problem is the fact that the deposits usually have to be deposited with the central intermediary, who then has access to the funds. This logically entails risks and trust issues.The Augur platform promises to provide an innovative, decentralized, global and open solution to all these problems. In addition, the decentralized blockchain structure of the Augur platform means that no middleman has to be paid excessive fees. All profits are distributed to market makers and ”market reporters”.All in all, this leads to a drastic reduction in costs, allowing anyone to create prediction markets. The third-party trust issue can also be eliminated because with Augur, no third party will ever have easy access to or control over a party’s funds, as all transactions are directly peer-to-peer.Another consequence of these features is that, because of the low costs, markets can now be created for events in which only a few people participate and where it would not have been profitable before.Augur is designed to be so open and broad that it can be used for a wide range of applications and does not expressly favour it. As stated on the company’s website, Augur can be used to create prediction markets for events in politics, sports, finance, culture and the crypto market. Incidentally, there are many more user cases to consider.

The process of creating your prediction market and implementing it works as follows:

  • In the first step, you can use the Augur platform to create an event. It is a possible event that may or may not occur.
  • The next step is to buy or sell shares of users who speculate on whether the event will happen.
  • After purchase, these can be sold or more can be bought until the outcome of the scenario becomes clear. If you have bet on the correct outcome and own one (or more) corresponding shares, your profit will be sent directly to your Ethereum wallet once the outcome is known.

How does Augur or REP mining work?

There is no direct mining of the cryptocurrency REP possible, so as an external user you cannot earn REP tokens by mining.

How are Augur and REP Coin related?

The Augur Blockchain is the platform with which anyone can open a prediction market for an individual event, e.g. in politics, sports, culture or the like.The Augur platform can be operated via a desktop client and allows for the creation and execution of a prediction market in 3 simple steps. Since many reporters are required in addition to market producers for the decentralized determination of event outcomes, the cryptocurrency Reputation (REP) was invented.The REP (or Reputation) token is what drives the decentralized Oracle system of Augur. You can think of it as the tool for trading on the Augur platform. Holders of REP tokens can use them as stakes to bet on the outcome of events listed on the market.Augur has limited the number of REP tokens to 11 million, of which, as mentioned above, 80 per cent were sold in their ICO. Holders of REP tokens are considered “reporters” and must report on the outcome of random events listed on the Augur marketplace.

The benefits of owning REP tokens

Owning REP or Reputation gives you the right to be a reporter and report on market events. The more REP tokens you own and the more accurate your reporting, the more shares from fees you will earn.

Who uses the Augur network?

There are three central actors in the Augur Blockchain ecosystem: market makers, reporters and traders. However, it should be noted that only reporters need REP tokens, the other actors can do without them to pursue their goals.Market makers are those agents who create a prediction market via the Augur platform and thus form the basis for all transactions in the Augur network. They receive a part of the transaction costs incurred to predict the occurrence or non-occurrence of their event and can thus be rewarded for their work.Reporter: Every time a market closes, as a REP holder, you have to report the exact event on that market. You also use a certain amount of REP to secure your claim. If you see that the event has not yet occurred, you can mark it as “invalid” because you cannot report it. The Augur platform requires the market maker to instruct a specific reporter, who then has three days to report on the event. If you want, as a reporter, you can challenge the result in another 3 days. If no one challenges the designated reporter, the market simply moves on to the next round.The last group of users are, of course, traders or dealers who buy shares on the prediction markets that have been created and may or may not enter them. Apart from the entertainment factor of such an investment, they can earn a reasonable return if they bet on the right result.Traders also benefit in several ways from the Augur platform’s permission less protocol. They can buy as many shares in a particular event as they want. Of course, they also benefit from lower trading costs compared to other markets. Thanks to the blockchain, the market is open 24 hours a day, 7 days a week, so traders can liquidate their positions at any time, provided a counterparty can be found for their transaction.

How does the REP Wallet work?

The original REP token of the Augur blockchain is an ERC-20 token, and therefore it can be used with all ERC-20 compatible wallets. While this also applies to online and desktop wallets, I recommend using secure hardware wallets, also known as “cold storage”, for longer-term storage as they are not connected to the internet.

Buying Augur directly?

You cannot buy Augur directly on most exchanges. You need to buy Bitcoin or Ethereum first and then trade them for Augur. Fortunately, on Bitvavo you can buy Bitcoin and/or Ethereum with iDEAL for only 0.25% fee and then exchange them for Augur.

Investing in Augur – Conclusion

Hopefully, you now know all about the cryptocurrency Augur and the REP token. You know what the coin and token do, who the founders are and how the Augur platform works. If you still have questions about Augur or the REP token, you can always ask them using the comment function below.

Smart contracts explanation: what are smart contracts?

Many people find the technology behind cryptocurrencies difficult to understand. This is not strange, since many terms that are used can cause confusion. One of the terms that many people find difficult to understand is the smart contract. Since smart contracts play an important role in well-known projects such as Ethereum and EOS, it is necessary to explain this in more detail. To help you on your way, we will answer the question: what are smart contracts?

What are smart contracts? – function and meaning

Later, we will look at the most important advantages that smart contracts bring. But before we do this, it is a good idea to first zoom in on the question of what smart contracts actually are. It is a bit technical, so it is important to really pay attention. Smart contracts help you exchange money, property, shares or anything else of value in a safe and above all fast way. By means of smart contracts it is possible to make the services of an intermediary completely superfluous. Everything happens in a direct manner with the parties involved.Smart contracts are, in fact, nothing more than special rows of codes stored on a blockchain. They are executed automatically when predefined conditions are met. At a fairly basic level, they are programmes that execute as they are set by the people who developed them. The advantages of smart contracts are particularly evident in the business world. They are often used by companies who would like to enter into an agreement with another company. We will come back to this in a moment.smart contract

The role of blockchain

As you have read above, the blockchain plays an important role in smart contracts. Although we cannot explain the entire blockchain in this article, it is useful to take a brief look at how the blockchain works. The blockchain is a shared and fully distributed ledger on which transactions are digitally recorded. These transactions are then all linked together. This ensures that they can map out the entire history or origin of an asset. A transaction is only added to the blockchain after it has been validated using a consensus protocol. As a result, it is the only version of the real contract.Each record is also encrypted to make it a little more secure. Blockchain is said to be “immutable” because the records cannot be changed and are transparent because all participants in a transaction have access to the same version of the truth. This therefore means that contracts are no longer subject to fraud. People who try to cheat someone else by sending the wrong contract will unfortunately come home empty-handed. This is also one of the biggest advantages that smart contracts have to offer.

How do smart contracts work exactly?

Smart contracts work in a rather special way. The simplest way to describe smart contracts is to think of a vending machine. Normally, you go to a lawyer to pay him for the services provided after everything has been delivered. With smart contracts, this is done slightly differently. Here you pay for the services with cryptocurrency in a kind of vending machine. The contract that you need is then immediately displayed in your account.But that is not all: the smart contracts not only define the rules and penalties surrounding a contract in the same way as a traditional contract, but also automatically enforce those obligations. So, in effect, you have bought a kind of ready-made contract that you can immediately apply to an agreement. How simple can it get?

Application in practice – operation of smart contracts

Let’s make it a bit easier by using a real-life example. Let’s say you rent a flat from person A. You do this via the blockchain by paying in a cryptocurrency. You get a receipt which is kept in our virtual contract. Person A gives you the digital access key that is delivered to you on a certain date. If the key doesn’t arrive on time, the blockchain releases a refund. If Person A sends the key before the rental date, the function holds it and releases both the money and the key to you and me when it’s time. This ensures that everything can be transferred fairly. If you send a certain amount of money in digital currency, you get the key to the flat.The document is automatically cancelled after the time. The code cannot be changed by one of us without the other’s knowledge. If anything is changed, both parties are notified. Although it is more complex in reality, this is a basic explanation of how smart contracts can be used in the real world. You can see that it has many advantages compared to a normal rental contract for a house. By the way, this does not only apply to the world of rental contracts, but also to all possible other forms of service provision.

What can you use smart contracts for?

Some people wonder what smart contracts can actually be used for. You can use smart contracts for all kinds of situations. From sending financial derivatives to drawing up insurance premiums, the possibilities with smart contracts are unprecedented. To give you some insight into the possibilities, we have listed a number of sectors below which are suitable for the use of smart contracts.

The automotive industry

As you know, a lot of innovation is taking place in the car industry at the moment. One example is the rise of the self-driving car. Although it will be some time before they are on the road in large numbers, it is true that smart contracts could play an important role in this market. The smart contracts can bring a kind of ‘oracle’ into play that can detect who was at fault in a car accident. They can also keep track of a lot of other useful data for the insurance company, for example.Smart contracts would allow a car insurance company to calculate different rates based on where and under what circumstances customers use their vehicles.

The government

There are many questions about whether it is safe to vote over the Internet or by post. Perhaps smart contracts can be used to solve certain problems we encounter in governments. Committing fraud with voting on the blockchain is practically impossible. Nobody has that much computing power, which is why smart contracts are very safe for the government.Secondly, smart contracts could increase the low turnout. A large proportion of people do not vote because it simply takes up too much time and effort. With smart contracts, volunteers can hand over voting online and people can vote just that bit easier than before. Although this is not yet legally possible, there is a good chance that this will change in the future.

The medical world

Finally, it is possible that smart contracts will be used within the medical world. Personal health records could be encrypted and stored on the blockchain with a private key granting access only to specific individuals. The same strategy could be used to ensure that research is conducted in accordance with the appropriate privacy laws.Receipts from operations could be stored on a blockchain and automatically sent to insurance companies as proof of delivery. The ledger could also be used for general healthcare management. Here one can think of improved monitoring of medicines or for the proper management of medicine stocks.

The benefits of smart contracts

The above should give you a better idea of what we mean by a smart contract. Based on the example, you understand exactly what it can be used for. What you do not yet know is what the main advantages of using smart contracts are. Although there are a number of other advantages, we have decided to list the most important ones for you below. These advantages are mainly on the technical side:

Smart contracts are fast and accurate

The main advantage of smart contracts is the fact that they are incredibly fast and accurate when applied. Smart contracts are digital and automated. As a result, you do not have to spend time processing paperwork or correcting the errors that often appear in manually completed documents. Computer code is also more precise than the legal jargon in which traditional contracts are written. This means that errors are less likely to occur or that there are ambiguities in the contract. This also means less time spent on dispute resolution in the long run, which is a big advantage for many companies.

Smart contracts offer a high degree of confidentiality

Another advantage of smart contracts is that they offer a high degree of confidentiality. Smart contracts automatically carry out transactions according to predetermined rules. The encrypted records of those transactions are then shared between the participants. This ensures that data cannot be changed just like that for personal gain. This high degree of confidentiality is particularly useful for companies entering into large contracts where a lot of money is involved.

Smart contracts are very safe to use

The next advantage is that smart contracts are very safe to use for businesses. The data on the blockchain is always encrypted. This makes them very difficult to hack. Because each individual record is connected to previous and next records on a distributed ledger, the whole chain would have to be changed to change a single record. This is actually impossible to do. Because of this high level of security, it is no longer possible for personal data to end up on the street. This can be a great advantage to, for example, hospitals that enter into agreements with their patients.

Smart contracts are cheaper

The final advantage of the smart contracts is that they are really a lot cheaper than regular contracts. As we have already briefly mentioned, smart contracts remove the need for intermediaries. With smart contracts, participants can trust that all data will be entered correctly for the transaction. No extra person is needed to validate and verify the terms of a contract because this is built into the code. This means that there are far fewer costs involved.Although it does not make an extreme difference if you do not have to draw up so many contracts, it is of course true that companies can save money with this. Think, for example, of large-scale law firms that often have to deal with contracts they have to send out.

Cryptocurrencies with smart contracts

We hope that the information in this article makes it clear what smart contracts are and how they can be used. The unique technology behind the digital contracts ensures that less fraud will take place and that everything can be transmitted safely. If you are interested in projects that support smart contracts, there are numerous options to choose from. The most obvious option is to choose Ethereum. EOS and Chainlink, among others, also support smart contracts. Because of the numerous options, you too can invest in the technology behind smart contracts.

Buying Numeraire: how to invest in Numeraire (NMR)?

Cryptocurrencies are, as you probably know, extremely popular among investors. Therefore, many people find it a nice asset to invest in themselves. This is especially due to the fact that many projects offer high returns. One of the lesser known projects at the moment is Numeraire. Because of the potential of this project, more and more investors are choosing to invest in this digital currency. Are you also curious what Numeraire is and whether it is useful to invest in it? Be sure to read this article, because below you’ll find the most important information you could possibly need.

Where can you buy Numeraire (NMR)?

Numeraire is a promising cryptocurrency with an original approach. The coin is used to make scientific financial models available. The cryptocurrency should encourage scientists to share their findings, as they can now be financially rewarded for doing so. But how can you actually invest in Numeraire yourself?

Do you want to buy Numeraire for the long term and do you like to keep full control over the cryptocurrency? Then try one of these crypto exchanges:
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What is Numeraire? – goal of the project

Before you can just start investing you need to know where you are putting your money. This is why it is important to look at the goal of the project behind Numeraire. Numeraire is a special type of digital currency created by the well-known hedge fund Numeraire. This project was created to encourage scientists to predict financial models using encrypted data provided to them. The company uses a mix of data science, machine learning, artificial intelligence and cryptography to achieve their goal. This is one of the few projects that really manages to address science.

Numeraire allows scientists to encrypt their data at all times, making it safer to download from another device. The data is then used by the scientists to create models that predict market movements. The models are created using a mix of machine learning algorithms and artificial intelligence. Numeraire pays the scientists with the top models in Bitcoin. However, they also pay out in the native ERC20 token Numeraire (NMR). This is the currency used on the platform itself. NMR is used by scientists to shape their models. Therefore, the token NMR actually has two different functions on the platform.

Establishment of the project

The special thing about this project is that it was created by a hedge fund company. The inventor behind the project is CEO Richard Craib. Together with Georey Bradway and Xander Dunn, he is part of the Board of Directors of the project. The cryptocurrency was launched about a year after the hedge fund. The goal was to overcome the challenges the project faced when operating on the Bitcoin network.Craib came up with the idea while working as an asset manager in South Africa. While working there, he realized how the secrecy of companies with their data affected the quality of the financial models they made. He wanted to create a hedge fund that would distribute data to users who would use it to create different models. These models would then enable the company to draw up the best investment strategies.

How does Numeraire work?

The project behind Numeraire can certainly experience growth if it can help the different types of hedge funds to create strategies. But how exactly does Numeraire work? Numeraire holds a competition every week in which scientists gain access to updated data. They then use this to create their financial models and upload them onto the platform. The models are then tested on real-world markets for three weeks. The scientists who have done the best work are rewarded for their services. Since they are paid in Bitcoin, this can quickly add up.

The scientists are expected to stake a number of Numerical Tokens (NMR) on their models to prevent anyone from unfairly taking the prize. The scientists with the successful models get their NMR tokens back, as well as an additional Bitcoin pay-out. So, this can actually be seen as a kind of collateral placed to enter the contest. The Numeraire tokens placed on losing models are burned. Since there are only a limited number of Numeraire tokens, the price will increase by burning these coins. This way you can make a nice return on your investments in Numeraire.

Invest in Numeraire through an exchange

If you would like to invest in Numeraire, this is certainly possible as a beginner. Perhaps you will be able to book a nice return. Where can you go now to invest in Numeraire, you might wonder? The easiest way to invest in Numeraire yourself is via an exchange. This is a place that can be compared to a regular stock exchange, only then it concerns the trading of cryptocurrencies. Think of it as a place where supply and demand come together.There are many crypto exchanges out there at the moment. If you choose a well-known exchange like Bitvavo, you too will be able to invest safely. After the purchase, it is possible to store your tokens or transfer them to your wallet.

Conclusion – should you invest in Numerical?

If, after reading this article, you think that Numeraire will experience a lot of growth, it may not be a bad idea to invest in the project yourself. The special technique certainly makes it a project to keep an eye on.Now that there are many specialists who think that Numeraire could play an important role, it is certainly a good option to take. Of course, whether you should buy Numeraire is entirely dependent on your own personal attitude about the future of the crypto market. In any case, the information in this article has given you a better idea of the advantages Numeraire has to offer.

Buying Gnosis: how to invest in Gnosis (GNO)?

If you would like to work on growing your assets, investing is crucial. Leaving your money in a savings account does not create any profit. Now it is true that there are many things you can invest in. What are the best investments to make? Investing in digital currencies is one of the possibilities you can choose. One of the projects you can invest in is Gnosis.Do you want to know what Gnosis is and what you can expect from this project? In that case, it would be useful to read this article carefully, because we have summarized the most important information for you. By reading this article, you will not be confronted with any unpleasant surprises!

Where can you buy Gnosis (GNO)?

Do you want to buy Gnosis for the long term and do you like to keep full control over the cryptocurrency? Then open an account with a reliable crypto exchange:

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What is Gnosis? – goal of the project

Later on, we will look at the main components of a gnosis. But before that, we will have to take a look at what this project is. Gnosis is a dedicated prediction market platform built as a decentralized application (dapp) on the Ethereum network. This is quite a mouthful, but it basically means that Gnosis is a project which runs on Ethereum’s platform itself.

The platform contains both a wallet and an Exchange. We won’t go into this further as it is not the focus of the project itself. Gnosis is equipped with a complete infrastructure layer which you can use to make your app for predicting the market.What is a prediction market, and why is it useful to set one up? A prediction market uses user predictions to gather information about future events. Users on the market trade tokens that represent the outcome of a particular event. Because some outcomes are more likely to occur than others, these tokens end up having different values on the open market.As time passes or related events occur, certain outcomes may occur more frequently. This causes their value to increase. Once the event occurs, the tokens representing the final outcome will have full value. The rest of the tokens will become worthless.

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The Special Management Interface

The next phase of Gnosis is the Management Interface. The team released a beta version in December 2017. They just haven’t announced a date for the main release of the platform yet. The Management Interface is basically your dashboard for Gnosis’ prediction markets. This is where you can see your balance and participate in predicting outcomes yourself.Since the launch of Apollo (version 1.0 of the prediction market protocol) in May 2018, the Gnosis team has shifted its focus to the Gnosis Safe. The Safe is basically nothing more than a cryptocurrency wallet that you can use for your tokens. Overall, the wallet works fine, although it is still in its testing phase.

Invest in Gnosis through an exchange

If the above information makes you interested in investing in Gnosis, you will probably wonder how you can do this best. To be able to invest, you’ll actually always end up at the exchange. The exchange can be regarded as a stock exchange where buyers and sellers of digital currency come together.It is important to choose an exchange with a reliable reputation. This is because this is the only way in which you too can start investing safely in a project like Gnosis. You can, for instance, choose an exchange like Bitvavo. The reliability of Bitvavo contributes to the highest possible safety when investing in cryptocurrencies. If you choose to invest in Gnosis, it is possible to transfer the coins to a wallet, although you can also leave them on the exchange.

Meet Olympia

Olympia is currently the test version of the project. At one time they organized free tournaments in this product. This gave you as a user the chance to try it out without spending any money. Every two days the team would give you a certain number of Olympia (OLY) tokens that you could use to bet on different prediction markets. If you did well in the market, you would get a certain number of Gnosis (GNO) tokens. These tokens could then be sold for real money.Although not a lot of money was involved, it was the first time the project was actually used. It seems that the Gnosis team has since taken Olympia off the market. It is not yet clear when it will return. Until then, unfortunately, you will not be able to use it.

Conclusion – should you invest in Gnosis?

Although Gnosis is somewhat less well-known than the other projects on the market, it is certainly a project that can experience a great deal of growth. This is mainly due to the fact that Gnosis is one of the few projects that focuses on setting up its own prediction market. It is a company which is therefore unique in its kind.Now there are also people who think that Gnosis does not really have many advantages and that you should not invest because in it. So, is it or is it not wise to buy Gnosis? This is really a personal choice to make. It depends entirely on what you think about the team and the project. We are only here to provide you with useful information to help you make your choice.

Buying OGN: How to invest in Origin Protocol?

Investing in cryptocurrencies can lead to high returns, especially when you know how to choose the right projects. This is especially due to the fact that there are many companies who choose for the underlying technique of the blockchain. One of the projects that is currently gaining popularity is the Origin Protocol project. This project is also very popular among many investors. If you are thinking about investing in Origin Protocol, it would not be a bad idea to read this article. In this article you can find all important information about investing in this project.

Where can you buy Origin Protocol (OGN)?

Origin Protocol wants to enable decentralized marketplaces. For many services such as Uber and Airbnb we pay high transaction costs. The makers of OGN want to make these costs disappear by making everything available in a decentralized way. The Origin Protocol should make this possible. Do you have faith in this cryptocurrency? Then it may be smart to invest in OGN by buying the coin.

Do you want to buy Origin Protocol for the long term and do you like to keep full control over the cryptocurrency? Then open an account with a reliable crypto exchange:
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What is Origin Protocol? – goal of the project

Since not everyone is familiar with how Origin Protocol works, it is useful to have a good look at it first. Origin Protocol is aimed at building an intermediary-free sharing economy using the Ethereum blockchain and IPFS. This means that an attempt is being made to set up a new market that runs entirely on the technology we are used to from Ethereum itself.

To enable true peer-to-peer trading, the Origin Protocol eliminates the need to pay transaction fees. This is due to the fact that there are no centralized intermediaries to be found on the market. Buyers and sellers can save a lot of money as a result. This is made possible by having payments made through the Origin website.Now that OGN has been added to Crypto.com, it is possible for users to buy certain items or digital currencies at the most advantageous prices. Currently, both credit cards and bank transfers are supported. Since Crypto.com also offers the MCO Visa Card, this makes OGN extra useful. This makes it easier for users to transfer cryptocurrencies into fiat currencies. These can then be used at more than 40 million companies around the world.In fact, it can be seen as an attempt to put the banks out of business and create an entirely new financial system. A system that is not only cheaper, but that is also much fairer.

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How does Origin Protocol work?

The Origin Protocol can thus be regarded as a special kind of blockchain platform for building decentralized marketplaces. These marketplaces should be able to shape free trade just a bit better. Origin ensures lower fees by enabling buyers and sellers to meet securely and conduct transactions without intermediaries.

It also provides better incentives by ensuring that everyone can have a stake in the network by contributing to its growth. This is done by investing in the tokens found on the Origin Protocol platform. The Origin Protocol makes it possible for over 2 billion people who currently do not have a bank account to gain access to the market. This is also the potential of the project. When the project becomes big, it becomes massive.

The importance of Crypto.com

As you have read at the beginning of this article, Origin Protocol was used to support the Crypto.com website. Crypto.com was founded in 2016 based on the idea that it is a fundamental human right to have control over your money and your own online identity. With over 1 million users on its platform today, Crypto.com offers a powerful alternative to traditional financial services. Among other things, this site has made buying digital currency a lot easier for ‘the man in the street’.Crypto.com is built on an underlying blockchain that is known for its high level of security and privacy. This means that people living in countries that are less positive towards cryptocurrencies (e.g. China or Russia) can also invest in the crypto coin.

Investing  in Origin Protocol through an exchange

Investing in Origin Protocol is a great option if you believe it is a project that really has a bright future. If you would like to invest in Origin Protocol yourself, you should look for a professional exchange to trade the tokens. The exchange is the place where supply and demand come together. By choosing a reliable exchange such as Bitvavo, it is possible for you to safely get started with investing. This makes it possible for you to invest money in the new crypto projects with confidence.After your purchase, you can transfer your Origin Protocol tokens to a wallet. This is a slightly safer option, though it’s always possible to simply store your tokens on the exchange itself.

Conclusion – should you invest in Origin Protocol?

Origin Protocol is becoming increasingly popular among investors. There are many people who see a real future in this project. However, it remains to be seen whether the team will be able to achieve its objectives or whether Origin Protocol will not become as big as is sometimes thought. If you think Origin Protocol could become big, then investing in this project is not a bad idea.However, it is really a personal choice to make, because you never know how it will turn out. In any case, we hope that the information in this article will help you get started with your investing.

Buying Chiliz: how to invest in Chiliz (CHZ)?

If you would like to achieve a high return on your investment, then there is one market that is naturally an interesting option. We are, of course, talking about the crypto market. This market is known for the enormous growth it has experienced. As a result, many new investors have joined in recent months. One of the lesser known projects that is nevertheless useful to consider is Chiliz. If you would like to know what kind of digital currency Chiliz is and if it would be useful to invest in it, you should read on. In this article it will all be explained in a very accessible way.

Where can you buy Chiliz (CHZ)?

Chiliz is the cryptocurrency for the sports world. With this crypto-currency, sports associations can strengthen the bond with their fans: it is possible to let fans vote on important decisions. Moreover, fans can be rewarded with merchandise such as football shirts. Would you like to invest in this interesting cryptocurrency? You can through the internet!

Do you want to buy Chiliz for the long term and do you like to keep full control over the cryptocurrency? Then open an account with a reliable crypto exchange:
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What is Chiliz – goal of the project?

First, let’s look at the most important question of all: what is Chiliz really about? Chiliz is a digital currency that is used in the sports world, especially in the entertainment sector. The currency can also be found under the abbreviation CHZ. Because there is not much contact between clubs and their fan base at the moment, the creators of Chiliz decided to change this. Chiliz was founded in Malta in 2012. The goal of Chiliz is to give millions of fans of numerous sports a coin with which they can buy voting rights in their favourite football clubs. In this way, it is possible for fans to have just a bit more say in their favourite club.

Chiliz is therefore really committed to maximizing fan engagement with all kinds of teams. By spending the coin, you can support your favourite team and influence certain decisions. For example, you can think of proposals to buy new players or to renovate the stadium. The CHZ fan tokens from each club are a finite digital asset that gives you the right to vote. The topics of the surveys are determined by the clubs themselves, although the possibilities are basically endless. By seeking the input of fans, the bridge between the fan base and the clubs becomes much smaller than it used to be.

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Right to vote with Chiliz

Chiliz’s blockchain is used to give users the right to vote. It is not much more than this, although it is of course a nice project. The more votes a fan casts, the higher his ranking within the platform will be. This makes it possible to obtain certain benefits. These include unique rewards such as exclusive team jerseys. This ensures that users are encouraged to really participate in voting.If the Chiliz platform is used on a large scale, it could cause a major change within the sports world. That is why there are many investors who choose to invest in Chiliz.

The advent of Socios.com

Chiliz has developed a website that is very popular at the moment. The website Socios.com is the world’s first reward platform that allows athletes to make use of the special blockchain technology. Socios.com runs entirely on the Chiliz token ($CHZ). This is the currency used on the Ethereum blockchain. Fan Tokens are specific to a team or a club. They are in fact tokens that are used as digital assets. With these digital assets, it is possible for users to obtain membership rights. The special platform uses Fan Tokens, which operate on a separate side chain. This is a kind of branching off from the normal blockchain.The Fan Tokens are limited in number. This means that their ownership can be traded and their price is determined by the market. Exactly, because it is a scarce product, the price can rise significantly if there are many people who decide to buy the coin. The website is inspired by the fan-led management structures or ‘socios’ of some major football clubs. The platform, named ‘Socios 2.0’ is nothing more than the latest digitalization of this management model. Nevertheless, it is extraordinary to see that Chiliz is the first to really respond to the sports world.

Investing in Chiliz through an exchange

Anyone who chooses to invest in Chiliz should look for an exchange to buy the currency from. An exchange is also known as a crypto exchange. This is of course the place where you can go to buy all kinds of digital currencies. By choosing a reliable and well-known exchange like Bitvavo, it is always possible to safely invest in any crypto project, including investing in Chiliz. If you want, it is possible to transfer the coins to your wallet. It is also possible to leave your tokens on the exchange itself. This ensures that you do not have to transfer everything yourself.

Conclusion – to invest in Chiliz or not?

At the moment, Chiliz is definitely one of the projects you should keep an eye on. Because the project is gaining a lot of popularity, the price is likely to rise even further in the near future. If this project is going to be used by many companies and organizations, the price could go through the roof.Now, of course, it remains to be seen whether it is possible for them to reach their goals or whether the team will succeed after all. We cannot answer whether you should invest in Chiliz, you can only decide that for yourself. However, we do provide you with useful information that makes it just a bit easier to make a decision about investing in Chiliz.

What are altcoins? – everything need to know

Chances are that you also intend to invest in cryptocurrencies. If this had not been the case, you would never have come to this site. Most people are familiar with Bitcoin, this is of course the biggest project you can invest in at the moment. However, this is not the only project that you can invest in on the crypto market: there are also altcoins.We can see that not everyone is familiar with altcoins, let alone know what the term exactly means. To explain this to you, we decided to list the most important information in this article. After you read this article you will know everything you need to start investing in altcoins.

What are altcoins? – definition of altcoins

First we discuss what altcoins are. It is necessary to know exactly what we are talking about. An altcoin is a cryptocurrency or virtual currency. In particular, it is an alternative to Bitcoin. Each altcoin works according to its own rules. This means that it is really something different from Bitcoin itself. They are cryptocurrencies that use a technology called blockchain which enables secure peer-to-peer transactions.Altcoins build on the success of Bitcoin by using the underlying technology, only with modifications. Sometimes these modifications are so significant that they bear almost no resemblance to Bitcoin itself, and we will show you more about this in a moment.

How to buy altcoins yourself?

You can buy altcoins from a reliable exchange. Do you want to start investing in altcoins? Then open an account with a reliable crypto exchange:
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altcoins

Types of altcoins – what options are there?

What many people do not know is that there are different types of altcoins. These different types of altcoins each have their own unique characteristics. To see how this works it is useful to look at how altcoins work in general.In general, altcoins work just like the original Bitcoin. Using a private key, you can send a payment from your digital wallet to the wallet of another user. In such a cryptocurrency there is a blockchain in which all transactions are permanently and publicly recorded. This ensures that you cannot make changes afterwards. The blockchain is secured by mathematical proof that confirm transactions in blocks.Now that you know this, it is time to look at the different types of altcoins that exist today:

Stablecoins

Stablecoins are coins that are linked to an existing asset. A stablecoin can for example track the value of the dollar or pound. One of the most popular examples of this is Tether. This coin is linked to the USD. The idea behind tying a coin to an existing asset is to reduce the price volatility often seen with Bitcoin.This ensures that you can use this coin to buy other cryptocurrencies. Now, since this altcoin is linked to the dollar or the pound, it is not logical to invest in it. The price will not increase but will always remain the same as 1 dollar or 1 pound. However, they are very useful coins for trading since you can safely use them to buy different types of altcoins

Coin-based mining tokens

This is a mouthful, but once you know how it works, it’s not that bad. While coins can be bought like traditional currency, they can also be mined. Mining requires the user (or miner) to validate a transaction, guarantee its authenticity and update the blockchain.There is a certain reward for this if you have succeeded in doing so. The reward you get is cryptocurrency. An example of a mining-based altcoin is Ethereum. This will be discussed in further detail later in this article.

Security tokens

The next type of altcoin you can find today is the security token. Security tokens are a form of investment contract. These contracts promise clients shares in a company, a share of a profit or even voting rights. As such, they are usually linked to a company and fall under security legislation. This means that there are stricter guidelines for buying and transferring security tokens.Because these coins fall under the security legislation, the returns on these coins are often not extremely high. However, these coins will generally be used a lot by companies. Hence, this is a promising type of cryptocurrency.

Utility tokens

Finally, there are the Utility tokens which can be found among the altcoins. Utility tokens give a user access to a service. For example, owners of a Filecoin token can spend the cryptocurrency to access the Filecoin network. This is a decentralized peer-to-peer network that stores files online. There are many other projects that work with Utility tokens.You can think of utility tokens as a kind of currency that you pay with to be able to use the service. If you run out of tokens, you will not be able to use the platform until you buy more coins. Another well-known example of utility tokens is GASS, the special token needed to use NEO‘s platform.

The advantages of altcoins

It is useful to briefly consider the main advantages of altcoins. Although every coin is different, we can see that there are some general goals or advantages between the different types of altcoins. Firstly, altcoins can overcome the disadvantages of Bitcoin. Altcoins are usually designed to address a shortcoming of the Bitcoin framework. This may include speed, mining costs or other aspects of the currency.In addition, altcoins create more competition. By changing the rules under which Bitcoin works, altcoin creators make room for new competitors to the Bitcoin system. This competition in turn leads to better coins being created.Finally, the altcoins provide lower transaction costs. The relatively low transaction fees make it cheap to use the currency.As an investor, you can also profit from altcoins. Especially new coins are often very volatile: as a result, a coin can sometimes rise (and fall!) in value by hundreds or even thousands of percent.

What are the best-known altcoins at the moment?

Now that you know what altcoins are, it is time to move on to the best altcoins. There are numerous coins that you can invest in. Although it would be too much work to list all the altcoins, we can take a look at the most well-known altcoins you can find. To give you some insight, we have listed the top 5 best-known altcoins below. If you like to invest in cryptocurrencies these altcoins are certainly not a bad option to go for:

Ethereum

Ethereum is currently the most well-known altcoin. After Bitcoin, it is also the most traded currency on the entire crypto market. Ethereum is a public peer-to-peer network with its own cryptocurrency called Ether. The main difference with Bitcoin is that while Bitcoin aims to become a globally accepted currency that could replace conventional money, Ethereum is a system on which smart contracts can be made. These are also called special digital contracts that are automatically executed when their conditions are met. These contracts make it much easier for companies to enter into agreements with each other.Besides the support for smart contracts, it is a platform that can be used to create decentralized apps. These are applications that can be compared to normal apps that you can download on your phone. The only advantage of this is that the apps on the Ethereum network cannot be controlled by anyone.In 2016, there was hype around Ethereum and many people predicted that the project could overtake Bitcoin as the most popular currency. Since then, the price of Ethereum has risen considerably, although it is not as if Ethereum has been able to knock Bitcoin off its throne. Nevertheless, it is certainly not a bad project to invest in if you want to own cryptocurrencies yourself.

ethereum altcoin

Ripple

Time to move on to the next well-known altcoin. This is one you’ve probably heard of as well. Ripple is also known as the cryptocurrency of the banking world. Despite its association with the US company Ripple, XRP is an independent digital currency, not owned or controlled by any one entity or person.Ripple is an open-source cryptocurrency with the great advantage that it can be used to transfer money easily. Using Ripple, it is possible to settle transactions much cheaper and faster than with other types of payment methods. XRP works on its blockchain ledger and transactions can be processed in just 3-5 seconds. The token acts as a kind of bridge between different currencies.Transactions on Ripple are not limited to XRP, however. Ripple also supports fiat currencies such as dollars, euros, pounds and even the Chinese yen. Ripple also includes support for other cryptocurrencies such as Bitcoin to conduct the transactions. Ripple can therefore be seen as a major payment processor and currency exchange.For this, the XRP currency is necessary, but secondary to Ripple’s mission. In this sense, Ripple is not aiming to compete with Bitcoin or Ethereum. This makes it really a different project to invest in. Ripple brings the speed and security of blockchain to the international payments’ industry.

Cardano

This is probably a slightly less well-known project for beginners. Nevertheless, it is a good project to invest in. This can be seen from the fact that the project has experienced a lot of growth over the last few years. Cardano allows owners of its ADA cryptocurrency to help operate its network and vote on changes to its software rules. Developers on the platform can use the Cardano blockchain to execute smart contracts and build decentralized applications. In this respect, Cardano is very similar to Ethereum’s project, as it has the same kind of goals.Cardano differs from the other projects by emphasizing a research-driven approach to design. They have therefore placed a much greater focus on the academic world.Although Cardano does not really have many new features compared to a project like Ethereum, it does have many advantages. All adjustments to the network were made after sufficient scientific research. They also use a special kind of formal verification. This is a process in which the code is verified mathematically.In addition, Cardano is equipped with a special algorithm called Ouroboros. This algorithm allows for much more secure transmission of data to the blockchain itself. Furthermore, Cardano’s code is written in the formally specified programming language Haskell. This is a language that is widely used in the banking and defence sectors. This may well mean that companies from this sector will start using the project in the future.

Polka dot

Few people would have predicted that this would become one of the most well-known altcoins today. Polkadot is a special kind of software that aims to encourage a global network of computers to use a blockchain. It is a system that allows users to set up their blockchains if they wish. In this way, Polkadot is one of a number of competing blockchains that wants to grow an ecosystem of cryptocurrencies. This makes it a rather unique project.Although the project is similar to EOS in many ways, Polkadot has a number of unique features. To begin with, Polkadot is designed to serve two types of blockchain. One main network where transactions are permanent and user-created networks. This is also called a parachain. Parachains can be adapted for any number of applications and are powered by the main blockchain. This ensures that they have the same kind of security.With this design, the Polkadot team claims that transactions can be kept safe and accurate by using only the computers needed to run the main chain. However, users get the added benefit of being able to customize many parachains for a wide range of applications. The Polkadot team believes that this design will allow its users to conduct transactions privately more efficiently, create blockchains that do not reveal user data to the public network or process a larger number of transactions. Although the project is still in its infancy, there is a good chance that its goals can be achieved.

Litecoin

You have probably heard of Litecoin. This is one of the better-known types of altcoins that you can find to invest in. Litecoin is similar to Bitcoin in many ways, which is what the project is based on. Litecoin was founded in 2011 with the intention of becoming a global digital payment system.Like any other online payment system – people use Litecoin to transfer coins to each other when making payments. But despite the obvious comparisons with Bitcoin, Litecoin is a cheaper and faster alternative. This is well reflected in the fact that Litecoin can process payments over four times faster. It aims to process a block every two and a half minutes compared to Bitcoin’s 10 minutes.Because Litecoin is faster, it is much easier for companies and organizations to use Litecoin themselves. You do not want to wait very long for your money. This is simply not useful for online payments. In addition to being faster, Litecoin is also a lot cheaper to use. It only takes 1/1000 of a Litecoin to process a transaction of any size.Litecoin also uses a different set of rules for mining than bitcoin. While bitcoins require expensive hardware to mine, Litecoin can be mined with ordinary computers. This avoids making it possible for only large companies to mine the currency. This ensures that control of the network cannot be taken away by large-scale companies.litecoins altcoin

What are the risks of altcoins?

Altcoins are certainly not without risk! As you may know, bitcoin is very volatile. The price of the cryptocurrency can drop by tens of percent in the space of a year. It is therefore important to take this volatility into account. Therefore, only invest in altcoins with money you can really afford to lose.A smart strategy for investing in altcoins is dollar cost averaging. This involves periodically investing a fixed amount in an altcoin. In this way you invest money at the top and the bottom and benefit from an average return.It is also important to spread your investments sufficiently. By investing in different altcoins, you reduce the chance of losing your entire deposit on one cryptocurrency. Many altcoins only have a limited lifespan, so this is certainly not an unnecessary luxury.

Conclusion – should you invest in altcoins?

The information from this article has made it possible to get a much better idea of the altcoins and the reasons to invest in other types of digital currencies besides Bitcoin. There really are many projects that have a possible golden future, although it is important to examine them critically.Only invest in altcoins with money you can afford to lose. It is certainly possible to make a killing, but you can also easily lose your entire deposit. Therefore, read up on the subject and discover if there is a good team behind the cryptocurrency. By doing so, you can determine whether an investment in the relevant altcoin will turn out well.If you would like to stay informed about the best altcoins to choose for your investments, you are in luck. Here on the site there are many more articles that you can read. In these articles we will discuss the various altcoins, so you can determine if it is interesting to invest in them.

What is blockchain?

Blockchain, you may have heard of it. Alongside the advent of the internet, blockchain is one of the greatest inventions of all time. But what is blockchain exactly? In this article we will explain what the blockchain is and what you can expect from it!

What is blockchain?

Blockchain can best be described as a new, digital system that can be used to record data. The blockchain system is a network of participants who control each other. There is no central party or intermediary in this network. There are two types of networks: Central networks and decentralized networks. Below is a simple example of a central network:Imagine this: Jan wants to transfer $50 to his girlfriend Lisa and does this via his bank. The bank is in this example the central party and checks the account of Jan (is there enough money in the account?), then the bank debits the amount and credits it to the account of his girlfriend Lisa. Jan and Lisa trust the central party (the bank) to transfer the $50 and record the transaction.A network without a central party is also called a peer-to-peer or a decentralized network. In such a decentralized network, everyone controls each other and is responsible for transactions in the network. In a decentralized network, there is no use of a central party such as a bank. The fact that all participants in the network register and approve a transaction makes the blockchain network unique and powerful. Below you can find a clear example of a decentralized network:Jan wants to transfer $50 to his girlfriend Lisa. This request is sent to the network so that all the other people in the decentralized network can check whether Jan really has $50 to spend. Once all participants in the network have checked whether Jan has $50 to spend, the transaction is approved and can take place.

blockchain

How does blockchain work?

Blockchain is therefore a decentralized network. At least three participants are always needed to carry out checks and keep the blockchain network secure. The verification of transfers is the most important task in the blockchain network. But how does a blockchain network work exactly? We will explain this to you with an example:Imagine this: Jan, Lisa, Piet and Klaas live together in a house. Unfortunately, Piet leaves the house and a room becomes vacant. Using a blockchain, the agreements and payment obligations can easily be transferred to the new occupant. In addition, none of the residents are liable if the new resident is unable or unwilling to pay the rent on time.Other data can also be recorded in the blockchain. Money can be released after all errands in the house have been performed and this has been checked by the participants in the blockchain. The blockchain can be used for various purposes, from transferring a certain amount of money to recording personal data. 

Nodes, block & chain

As you just read, a blockchain network is a digital decentralized network or peer-to-peer network of people who are all linked together. To put it easily, a person in a blockchain network has a notebook and a map. Later in this article I will clarify the meaning of this ‘notebook’ and the ‘map’. Back to the example:Our blockchain network consists of 4 people. Jan, Lisa, Piet and Klaas. Jan wants to transfer $100 to Peter. Then Jan tells everyone that he wants to transfer $100 to Peter. First, everyone checks whether Jan has enough money to transfer $100 to Piet. Is everyone in agreement? Then permission is given to transfer the $100. After that, everyone in the network writes down the transaction in his/her ‘notebook’.Has everyone in the network noted the transaction in the notebook? Then the next transfer can already take place. This process continues until a page in the notebook is full. This page is then stored in the “folder”. Let us now deal with the technical terms of the blockchain.In blockchain jargon, our ‘map’ is called a block. Such a block contains a lot of data. The first block in the chain (hence the name blockchain, chain=chain) is called the genesis block.Jan, Lisa, Piet and Klaas are called nodes in official blockchain terms. These people (actually the people’s computers), check and verify all transfers using algorithms. All data is checked and registered and eventually ends up in the block.blockchain definition

Blockchain security

You might be wondering what happens when the notebook is completely full. The transfer of data or money within the blockchain network can go on for a very long time. This process of checking and consenting continues until one page of our proverbial notebook is full. Then this page is stored in the block and the next page can be used. This process takes forever.As soon as a page of the notebook is full, it is safely stored in the block and the block is put in a chain. The pages are secured with a specific key that everyone in the network agrees to. This key, in combination with another secure key, is the electronic signature of the page and the folder. This is to ensure that nobody can change, alter or delete the data in the block.In blockchain jargon, the closing of a page is called mining. This is done by miners in the network. Any person in the network can be a miner. The closing of a page is done with a unique key. This key is called a Public Key and is known to everyone. This key is important to identify yourself, among other things. Finally, there are also so-called Private Keys. These keys are kept strictly secret and are used to verify authenticity, among other things.In the past, a central party such as a bank ensured that what was registered could never be changed. In the decentralized network we are now talking about, trust is created by the fact that through mining and public/private keys, data can never be changed once it has been securely stored.Do you want to know more about mining? Then read our special on the subject of mining:

The Hash Function and the Hash

We have now discussed the basics and operation of the blockchain. Now we will discuss how a block in the blockchain is locked.To lock a block and put it in the chain, you need a special code. This code is generated by someone in the network using a kind of black box model. Literally: something whose content or operation is unknown. The black box uses different data and works as follows: you put certain data (input) in the so-called black box and this data comes out differently, but still has the same content (output).The data that is put into this black box varies. This can be transactions, but also personal data. However, the data that comes out of it is always unique. The black box also only works in one direction. Think of an egg: an egg that is fried can never be cooked again. This also applies to the black box: it is impossible to discover what the original data meant if you only know what the output is.The Hash Function: this is what the black box is officially called. The hash, hash-code or hash-value is the output of the Hash Function (black box).

Proof Of Work:

Finally, we would like to tell you about the proof of work: A chain of folders (blocks) is called a main chain. Each new block that is added to the main chain makes the chain more reliable. It is important to constantly expand this main chain with new blocks so that the chain remains reliable. Every miner in the network wants to add his block to increase the trust.The person who is allowed to add his/her block to the main chain gets paid. As you have read before, this process is called mining. Now you may wonder: how is this chain extended? What is the next block to be added to the chain and does everyone agree? This is what the Proof of Work protocol was created for and is essential in a blockchain network.Once a participant in the network has calculated the output (hash code), this data is forwarded to other people in the network and the block is then checked by the miners. The first person to submit the block to the network can receive a payment for this. This remuneration ensures that network participants continue to make an effort within the network.There you go. Now you know everything about blockchain. But what are the advantages of such a blockchain network? Why should we use it?crypto mining

What are the benefits of the blockchain?

For as long as we can remember, we have depended on a central network or intermediary when it comes to trust. Think of a bank or a town hall. Of course, it is fine to take your money to a bank or record your details at a town hall, but the blockchain network is becoming increasingly popular. So, you might wonder: is it a problem that we still depend on a central party like a bank?What makes this issue interesting is the fact that there is only one central system, one organization or one intermediary. If something goes wrong or someone makes a mistake, either deliberately or accidentally, it can cause an awful lot of chaos in the world, all because of one system, one organization or one intermediary. Just imagine:A major disaster destroys the entire payment register of a bank, making it unusable. Can you remember exactly how much money you had in your bank account two months ago?What if you made an agreement with an intermediary to withdraw $50 from your account? But instead this person withdraws $500 from your account. How do you solve this? Should you have made a clearer agreement or was it just an accident?What if all the above examples were done on purpose?Then you can ask yourself: is there a possibility to create a platform where we record our transactions ourselves instead of someone else doing it for us? Guess what? The blockchain network is ideal for this purpose!

Different blockchains

The blockchain network is accessible to everyone and can be used for many purposes. This means that anyone who knows about it can set up their blockchain network. However, you must abide by a number of rules. These rules vary from network to network and therefore different blockchain networks emerge. Let us give a few examples of (well known) blockchain networks:

Bitcoin

Bitcoin is a digital currency, also known as cryptocurrency, and was specifically designed as money for the Internet. Through the whole process of mining, new bitcoins are created, which can eventually create inflation without the intervention of a central party such as a bank. Bitcoins can be purchased with real money or traded on special trading exchanges. The bitcoin can be compared to the dollar, euro or pound, but has one major difference: the bitcoin is completely digital.There are also blockchain networks for the release of shares in new projects. This is done by ICO which stands for: Initial Coin Offering. This system allows companies or start-ups to launch their own crypto-currencies (such as bitcoin) on the market, with each so-called coin representing a share in a particular company.

Care

With special contracts, agreements can be made between health insurance companies and customers. The blockchain network is a great opportunity for health insurers and customers to make use of in the future. If you need care, you can submit it to your contract. This contract can then decide whether you are insured for the help you need.Are you insured? Then the care you need will be reimbursed automatically. The best known blockchain that uses these special contracts is called Ethereum. This blockchain has its own code language for programming these contracts. This code language helps to record certain decisions in the contract.

Patient data

The same applies to data from hospital laboratories. This data is still sent by post to other hospitals, where it is then entered into the computer manually. This process can take a very long time and there is always a risk of making a mistake. With the blockchain network, it is possible to store the same data, but then faster and error-free!

Author’s rights and copyright

Even producers, songwriters and authors can benefit from the blockchain network. For example, it is possible to request/receive remuneration each time someone makes use of their copyrights.But what about the security of the blockchain, and what will the future look like in terms of the blockchain network?

Blockchain security

As you have already read, all data in the blockchain is automatically copied to all computers. This is why the blockchain network is not dependent on one large database. If one of these computers crashes, there will be no immediate consequences because there will always be other ‘nodes’ that have stored the information securely. In addition, the blockchain network also replaces paper contracts. Smart documents are created and properly secured. All this makes the blockchain network very secure.Unfortunately, it is of course impossible to set up a system that is 100% secure. The same applies to blockchains. As technology gets smarter and better every day, there is a chance that in a few years time there may be a way to alter or even remove the content of such a block. In the past, several weaknesses have been found in the blockchain network. A well-known example is the 51% Attack:A block is accepted if at least 51% of the miners agree. If less than 50% of the miners agree, the block will not be accepted. The point we want to make is: if a person from the network owns 51% of the blockchain network, this person is in the majority. This means that he/she can do whatever he/she wants. This can have major consequences. For example, important data can be changed or unreliable blocks can be accepted. Of course, it takes a lot of time and energy to set up and execute such an attack because many servers and computers are needed to carry it out, but in theory it is possible.The blockchain network may therefore be vulnerable, but this is forgotten fairly quickly when you consider how secure the blockchain network really is. These vulnerabilities can only be realized under special circumstances. Finally, almost every blockchain offers protection against known vulnerabilities.As for now, it looks like the hype surrounding blockchain seems to be continuing. Several banks and large companies are planning to use the technology. The bitcoin was often seen as the blockchain. This is no longer correct. It is true that bitcoin was the basis for blockchain. The blockchain network, however, has countless possibilities which can be used in the future.It is expected that blockchain will play a role in both our business and private lives. When this will happen is still unknown. However, it is expected that it will be some time before blockchain technology is used by everyone. All in all, it is clear that blockchain technology is going to bring a lot of change to our everyday lives. Are you looking forward to it?

Criticism of blockchain

Such a technology is always accompanied by criticism. First of all, blockchain technology is sometimes used as ‘a cure for all ills’. Especially in the media there are various reports that blockchain is the panacea for everything.Secondly, there is criticism that the blockchain cannot be altered. Also, in many cases the blockchain is public. Incorrect data about you that is stored in the blockchain can never be changed.There is also much criticism of the anonymity of blockchain technology. The anonymity could make it possible to hide money or to conduct criminal operations. However, to buy Bitcoins, you need to use the balance on your bank account. Transactions with the Bitcoin are therefore seldom fully anonymous.There is also some criticism concerning the technology that makes blockchain possible. There are regular complaints that the technology is sometimes very slow and that it is difficult to improve. The work of the miners also requires a great deal of energy and raw materials, which does not make blockchain technology very environmentally friendly.Finally, it is not easy to get started with blockchain without knowledge. Quite a bit of technical knowledge is required to start using the various blockchain technologies.Fortunately, enough action is being taken to improve these points of criticism. For example, the rise of the blockchain is compared to the rise of the internet. This was not without its problems either. It is expected that blockchain technology will experience the same kind of development.

Energy

The process of adding each block to the chain requires a great deal of energy and electricity. Finally, the whole blockchain network consists of thousands of computers. Did you know that all Bitcoin transactions and activities consume more electricity than a country like Austria? Therefore, new technologies are being sought after to make this whole process more environmentally friendly.

Blockchain in a nutshell

In a nutshell, blockchain is a new, decentralized system for recording various data or for carrying out transactions. This system does not use an intermediary such as a bank, which makes blockchain technology very secure. It is expected that blockchain technology will make great strides in the coming years and will be used for both business and private purposes. What do you think of the whole blockchain technology? Would you use it? Let us know!

Buying Tether (USDT): How to invest in Tether?

The crypto market has grown strongly over the years and more and more cryptocurrencies have been added. Besides that, more and more people are investing in crypto. One of the cryptocurrencies you can invest in is Tether.Tether fulfils the role of a stable coin on the crypto market. This is a digital currency that can be used to convert fiat money into crypto money. Tether is currently being hailed as one of the best stable coins in the world. This is exactly why it can be beneficial to invest in Tether.The crypto currency associated with Tether is also referred to as USDT. Despite the fact that Tether completes the role of a stable coin, you can simply buy this cryptocurrency at various brokers on the Internet. There are also different types of wallets where you can store these tokens. In this article you will find all the information you need to know about Tether before you start investing in it.

How to buy Tether?

Tether makes it possible to convert fiat money into a cryptocurrency. Tether’s token is also called USDT and its value is equal to the US dollar. This allows you to do normal bank transactions without having to go through a real bank. This stability makes it interesting to buy Tether USDT, for example in order to subsequently use it to buy other cryptocurrencies.

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What is Tether?

Tether is a fintech concept that can be used to convert fiat money into cryptocurrencies. Fiat money, also known as fiduciary money, is a very popular concept on the crypto market. In short, fiat money can be seen as the ‘real’ money which is currently used as legal tender. Think for example of pounds or dollars.

Because Tether is an intermediary between fiat money and cryptocurrencies, its value is also indirectly related to the value of the dollar. Cryptocurrencies that are linked to fiat currency are in turn called ‘stablecoins’. So, you could say that Tether is a stablecoin.The promise of Tether is therefore that the value of the token of this cryptocurrency, the USDT, will always be equal to the value of one dollar. However, this is only a promise. Tether’s blockchain is public, but Tether’s bank account is not. Outside of Tether’s team, no one knows if there are enough Tether crypto coins to collateralize every dollar.

Investing in Tether

What are the applications of Tether?

As already mentioned, Tether is a so-called stable coin which forms an intermediary between fiat money and crypto money. Tether makes transactions over the internet which remain equal to the US Dollar. In this way it distinguishes itself from other cryptocurrencies. After all, because the value of one USDT remains equal to the value of one US Dollar, the USDT is not very volatile.

Another advantage of the USDT is that it can be stored in an online wallet alongside other cryptocurrencies. This way traders or investors do not have to take into account the volatility between different cryptocurrencies.

How can 1 USDT always be worth as much as 1 dollar?

Now you may wonder how it is possible that one USDT always remains worth the same as one US Dollar. To achieve this, Tether uses the so-called Omni Layer platform. This platform receives all information about deposits or withdrawals of fiat money. In addition, this platform also keeps track of how much USDT is issued or withdrawn. This way the balance between the value of USDT and US Dollar is maintained on Tether’s account.

Is Tether reliable?

For a stable coin, it is obviously important that it gains a lot of trust from traders and investors. After all, as a trader you must be able to trust that a stable coin will actually retain its value. As already mentioned, the team behind USDT is not completely transparent with regard to the amount of crypto money and the amount of fiat money in Tether’s bank account. Is there really as much Tether as US Dollar?

The only thing the team of this digital currency has ever released about the cash is that the cash does not only consist of US Dollars. Part of Tether’s collateral therefore also consists of other cryptocurrencies. Because the team is not entirely transparent about the amount of liquid assets, it is also difficult to determine whether the organization has sufficient collateral to bring out a good stable coin.However, at the moment Tether is one of the most widely used stable coins in the world. This indicates that there is at least enough confidence from traders in these digital coins.

The future prospects of Tether

For investors, it is advisable to invest in Tether at this time. At the moment, it is relatively favourable to invest with fiat money and thus to buy USDT crypto coins. However, due to a small scandal in 2018, the value of one USDT is currently not quite the same as the value of one dollar. Therefore, it is not wise to exchange your USDT crypto coins for dollars right now.If the values are equal again in some time, then this is a wise move. If you invest in Tether now, it is possible that you will make a lot of profit in the future. Of course, the crypto market is still developing, so the prices may fluctuate slightly and a positive future is not guaranteed.

How to buy Tether?

Despite the fact that Tether is a stable coin, and therefore has a slightly different role than most cryptocurrencies, you can still buy Tether in the same way. There are simply brokers who offer various cryptocurrencies, including the Tether cryptocurrency. You can easily pay via bank transfer, with a credit card or with another cryptocurrency.When buying Tether’s cryptocurrency, it is wise to do some research on the various brokers to see if they offer this cryptocurrency. Not all brokers support Tether and the brokers can also differ in transaction costs. To get the cheapest possible deal, it is therefore wise to compare several brokers before you buy Tether crypto coins.

Storing tether in a wallet

When you have decided to start investing in the digital currency of Tether, it is of course important that you can safely store your possessions. For this, you can make use of a so-called wallet. A wallet is a kind of online or offline wallet in which you can store cryptocurrencies.Most brokers offer secure wallets which are also suitable for the cryptocurrencies they sell. There are roughly two kinds of wallets in which you can store your cryptocurrency. You can do this in a digital wallet or in a hardware wallet. Each of these wallets has its advantages and disadvantages, and it is wise to weigh these before making a choice.

Digital wallet

If you want to have access to your wallet at all times, a digital wallet is best suited to you. A digital wallet is also called an online wallet and uses a Cloud on the internet to store your crypto money. This way you can access your wallet at any time when you have an internet connection. The disadvantage of this type of wallet is that your digital coins are stored on the internet, making them more susceptible to internet criminals.

Hardware wallet

Meanwhile, it is also possible to store Tether’s cryptocurrency in a hardware wallet. This type of wallet is also called an offline wallet. This wallet is available offline and can be stored on external hardware. The disadvantage of this wallet is that you don’t have access to it at all times on every device like with a digital wallet. The advantage is that this wallet is well protected against internet criminals because it is offline and therefore does not require an internet connection.

Investing in Tether

Is your wallet richly filled with Tether’s cryptocurrency? Then you can start investing. At a certain moment, you buy a certain amount of cryptocurrency. You leave these in your wallet for a certain period of time, while you follow the price, or not. When the price is favourable and your digital coins have risen considerably in value, you can sell them to make a lot of profit.

Strategies for investing

When investing, it is of course important to keep a close eye on the price of the relevant cryptocurrency. Apart from that, it’s also wise to carefully think about the strategy you’re going to use while investing. When investing in digital currencies, there are two different kinds of strategies you can use.In case of the long-term strategy, you’re going to keep the coins in your wallet for a longer period of time, and you’re going to base your actions especially on the development of the price over a longer period of time. When you use the short-term trading strategy, you follow the price more closely, and you are active in trading on the crypto market.

Buying Stratis: how to invest in Stratis?

When you want to start investing, it is of course useful to research in advance which cryptocurrencies you want to invest in. A popular cryptocurrency to invest in is the Stratis cryptocurrency. Stratis is a Blockchain-as-a-Service platform which is often used by entrepreneurs.To keep this platform running and to be able to use it, a company needs STRAT tokens. STRAT tokens are the cryptocurrencies of Stratis. There are several applications for this digital currency that are described further on in this article.Because of these many applications and a potentially good future outlook, it is also attractive to start investing in Stratis. Are you planning to start investing in Stratis? In this article you will read everything you need to know about Stratis and the cryptocurrency that belongs to this platform before you start investing.

How to buy Stratis?

Stratis is actually an improvement on Bitcoin: Stratis is written in the superior C# as opposed to the C+ of Bitcoin. The applications of the Stratis blockchain are numerous: for example, the medical industry could use it to reliably rank medical research. Stratis could also be useful for the Internet of Things: for example, you could then digitally check into your AirBnB home, fully automated. Investing in Stratis by buying the cryptocurrency could also work out well.

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What is Stratis?

Stratis is a Blockchain-as-a-Service platform. This type of platform is also called a BaaS platform. But what is a BaaS platform? The BaaS platform of Stratis is a service which companies can use to easily and quickly set up their blockchain.

This blockchain will then run on Stratis’ main platform. The company’s blockchain is therefore called a side-chain of the main Stratis blockchain. The cryptocurrency of Stratis is the STRAT token. This digital currency has several functions. For example, an entrepreneur needs these digital coins to connect his blockchain to the main platform of Stratis to activate the blockchain. Miners are also paid out in the form of STRAT tokens.

The founders of Stratis

The founder of Stratis is Chris Trew. He has many years of experience in the IT sector and is currently working as CEO of Stratis. Under his leadership works a strong team that has great confidence in Stratis, the STRAT token and the future of blockchain technology. The team consists of experts in different fields who all have relevant experience from their previous working years.Key players in the Stratis team include Nicolas Dorier. He was formerly a Microsoft Certified Trainer and created NBitcoin. In addition, Carlton Pringle is also part of the Stratis team. He has also worked at Microsoft. Krushang Patel is head of the communications department. He makes sure there is good communication within the Stratis team. He also has good contacts with the teams of other cryptocurrencies.

Lowering the threshold to blockchain technology

Since the emergence of blockchain technology in 2009, the interest in cryptocurrencies has risen sharply. A blockchain contains many computers around the world, also called miners, which all manage a piece of data from the blockchain and update it when necessary.Due to this extensive network and the independence of the computers, this network is virtually impossible to hack. In addition, this network of computers also ensures that no central authority is required to manage the cryptocurrencies and the transactions. This allows transactions to take place at lightning speed. These are all reasons that are music to entrepreneurs’ ears. In the past, it was difficult for entrepreneurs to work with blockchain technology because it is very complicated. However, with the help of Stratis, entrepreneurs can easily create their own side-chain on the main Stratis blockchain.

What are the applications of the STRAT token?

If you want to invest in Stratis, it is of course important to know what the uses of the STRAT-token are. After all, this information can help you predict the price of the STRAT token in the future. The crypto tokens of Stratis are primarily intended to raise capital. Therefore, they are also seen as shares of the Stratis company.

The crypto money of Stratis is also needed to add the developed side-chain to the main Stratis blockchain. Of course, Stratis’ digital coins are also used to pay out the miners. After all, they provide a computer to keep the blockchain running.

The future prospects of Stratis

The Stratis digital currency therefore has many applications. This diversity ensures that the cryptocurrencies are attractive to a wide and diverse audience. Thus, the cryptocurrencies are attractive to investors, corporations, miners, traders and many more.What has not been mentioned before is that Stratis crypto also ensures the security of the blockchain. All these reasons can lead to the popularity of Stratis only increasing in the future. If Stratis’ platform is going to be used by an awful lot of companies, then the value of the cryptocurrency is going to increase tremendously. In recent years, there has certainly been an increase in the popularity and price of the STRAT token. However, it is impossible to guarantee that this upward trend will continue.

How can I buy STRAT tokens?

STRAT tokens are the crypto money that belongs to the platform of Stratis. Cryptocurrencies can be purchased from various online platforms which are also called brokers. Prior to buying digital currencies, it is wise to do proper research on the different brokers.This is because brokers can apply different transaction costs, as a result of which some brokers are cheaper than others. Besides that, not every broker sells all cryptocurrencies. When you want to buy STRAT tokens, you will have to check carefully if the broker you found sells these cryptocurrencies.

Storing STRAT tokens in a wallet

When you have bought digital coins from Stratis, you obviously want to store them in a safe and convenient way. The digital coins of different cryptocurrencies are stored in so-called ‘wallets’. There are different types and brands of wallets in which you can store your crypto coins.

Software wallets

The first type of wallet is a so-called software wallet. These wallets are also called online wallets because your cryptocurrencies are stored in a Cloud. The handy thing about this type of wallet is that you can access it on different devices and at different moments. The only thing you need is a device and an internet connection. The disadvantage of storing your digital coins in an online wallet is that this wallet is somewhat susceptible to internet criminals because a Cloud is used.

Hardware wallets

The second type of wallet you can store your crypto coins in is a so-called hardware wallet. This type of wallet is also called an offline wallet because your assets are stored on external hardware. The disadvantage is that it is not always possible to reach this external hardware from all devices. Contrary to the online wallet, with an offline wallet, your digital currency is well protected against internet criminals. After all, the wallet is not stored on a Cloud or something like that.

Investing in Stratis

Investing in cryptocurrencies is a common way to make money. But what is investing? If you are going to invest in Stratis, this means that you first buy a bunch of crypto tokens of the corresponding digital currency. These STRAT tokens will then be stored in your software or hardware wallet. Over time, the value of these tokens will vary.The aim of investing is to sell your cryptocurrency at the right time. The right moment is of course the moment when a cryptocurrency is worth more than when you bought it, because this way you will make a profit. This way you will make a profit. Remember that investing in cryptocurrencies like Stratis is very risky: you could lose a large part of your deposit.

Strategies for investing

When investing, you must choose a strategy in advance that suits you and the cryptocurrency you want to invest with. Roughly speaking, there are two types of strategies that are often used by investors. Both strategies can generate profits. The first strategy is called the ‘long term’ strategy and the second strategy is known as the ‘short term’ strategy.

Long-term strategy

If you don’t want to be very active on the crypto market, and you don’t want to monitor the prices of all kinds of cryptocurrencies every day, the long-term strategy is more suitable for you. In case of the long-term strategy, you namely examine the development of the price over a longer period of time.Your STRAT tokens will sit idle in your wallet for a relatively long time. Based on the course of the price in the past, you try to predict at what point in the future the value of the digital coins will be high. By that time, you sell your coins and make a nice profit.

Short-term strategy

The active investors in the crypto market use the short-term strategy. With this strategy, the price of the cryptocurrency is monitored on a daily basis and each day a decision is made whether to sell the cryptocurrency. This makes this type of strategy very active and perhaps more intensive than the long-term strategy. With this strategy, too, investors can make a lot of money.However, always remember that investing in cryptocurrencies carries a high risk!

Buying StormX: How to invest in StormX?

Over the years, the crypto market has become increasingly popular. This is because over time, the crypto market has become a place of opportunities for entrepreneurs and investors. One of the cryptocurrencies that many people invest in is StormX.StormX is the crypto currency that belongs to the platform Storm. Storm is a platform that brings employees and employers together. This mini-employment market is growing in popularity because it is available to everyone. You don’t need a bank account to receive payments in cryptocurrencies. Even workers in developing countries can get paid through Storm.After all, they often have a phone on which they can download the Storm application but do not have a bank account. Because this platform is growing in popularity, its crypto currency is also increasing in value. That is exactly why it is beneficial to start investing in StormX today. After all, when this cryptocurrency becomes even more popular in the future, you will be able to sell your crypto coins at a great profit.

Where can you trade in StormX?

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How to buy StormX?

StormX is an interesting investment! With this crypto platform, the creators want to capitalise on ‘mini-labour’. You can perform various tasks via the platform and you will subsequently be paid in the StormX token. This allows people in developing countries without bank accounts to earn money by doing small jobs. But where is the best place to buy StormX crypto tokens?

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What is StormX?

Storm is a decentralized platform based on blockchain technology. The platform is decentralized because there is no central authority (i.e. no government or bank) that knows exactly where all the money is and how much money is in circulation. This information is all held by millions of computers around the world which are all connected to the blockchain network.

Storm’s platform can be used as a kind of labour market. Companies can offer assignments that cannot be done by computers and individuals can offer their labour in exchange for a certain number of crypto coins. Of course, these payments are made in the digital currency developed by the creators of Storm. The name of this cryptocurrency is StormX.

The founders of StormX

Storm’s platform is in full development. In addition, the crypto money of Storm, the StormX cryptocurrency, is also becoming increasingly popular. To keep all these developments on track, a team of eighteen people is working behind the scenes of Storm and StormX. This team is led by Simon Yu (former Financial Analyst at Amazon), Arry Yu (over 20 years of working experience at Google, Microsoft and KPMG) and Shean Zhong (over 20 years of Software Engineering experience). One of these leaders is also the founder of StormX. Simon Yu is the big brains behind the creation of Storm’s platform and its cryptocurrency called StormX.

What are the applications of StormX?

StormX is a cryptocurrency that can be used to reward people for work they have done. Employees can find work on the platform that was created by the creators of StormX. This platform is called Storm. On this platform, employers and clients can post small jobs that Storm users can view. Users can then take on these jobs and turn them into employees. When the assignment has been successfully completed, the employee is paid in StormX.

Investing in StormX

What does Storm offer to users?

Storm is a platform which gives users an opportunity to earn cryptocurrencies. They can earn these cryptocurrencies by performing small tasks such as giving their opinion on a product, giving feedback on a commercial or rating a website. These tasks are so simple that they can easily be performed on a phone. This is why Storm’s platform has also been launched in the form of an app. The cryptocurrencies in which users can be paid are different. The most commonly used cryptocurrency for pay-outs is, of course, StormX.

What does Storm offer companies?

Storm is a platform that also has a lot to offer to entrepreneurs. They can easily recruit employees or individuals for market research, for example. After all, there are many people active on the crypto market who are only too happy to carry out work in exchange for cryptocurrencies.

As mentioned earlier, you as an entrepreneur or company can place a call on Storm’s platform. You can ask for feedback on a product that you have created or ask for people’s opinions on a game that you have developed. Subsequently, individuals respond to this call. Upon successful completion of the task, you pay these individuals with StormX crypto coins.

The future prospects of StormX

Storm is a platform that is still in full development. The team behind this platform certainly has many plans for the future of the digital currency platform. However, few of these plans have been made public. Therefore, it is impossible to say for sure how StormX will develop in the future. However, Storm’s application is very popular, and it is to be expected that it will become even more popular in the future. This is because it is a labour market where everyone can participate. Even workers from developing countries who do not have a bank account can earn money through StormX.

How to buy StormX?

StormX is a digital currency that you can buy on various platforms. Before you start buying StormX it is advisable to compare various StormX brokers. Brokers are websites or platforms where you can buy cryptocurrencies. At some brokers transactions are free of charge. Of course, it is attractive to buy StormX through these brokers. However, not all platforms offer StormX. That is why it can sometimes be most profitable to first buy Bitcoins and to exchange them into StormX later on. You can easily find out at which brokers this is the case and what the transaction costs of the various brokers are on the internet.

Store StormX in a wallet

When you have bought crypto coins from StormX you will, of course, want to store them safely. Because crypto money is not physical money, you cannot buy a physical wallet to store your crypto money. Fortunately, there are online wallets that you can use. These wallets are also called ‘wallets’. There are two types of wallets in which you can store your digital currency. You can choose between a digital wallet and a hardware wallet. Both wallets have their advantages and disadvantages.

Digital wallet

A digital wallet, or online wallet, keeps track of how many crypto coins of each cryptocurrency you possess by means of a kind of Cloud. The advantage of an online wallet is that you can carry it with you on any device. Using a secure internet connection, you can open your wallet on your phone, laptop or tablet. Because you have to use an internet connection to use this wallet, this type of wallet is more sensitive to hackers.

Hardware wallet

A hardware wallet, also known as an ‘offline wallet’, is a type of wallet that allows you to store your cryptocurrencies without having to use a Cloud. Your cryptocurrencies are stored on external hardware. Many people advise to use a hardware wallet, because here you own the private key and therefore actually own the cryptocurrency.

Invest in StormX

The moment your wallet is filled with StormX cryptocurrencies you can start investing. You will do this by actively buying and selling StormX cryptocurrencies. By doing this at the right moment, you can gain a nice profit.Would you like to invest in StormX? In that case, it is important that you do a lot of research in advance about the course of the price of this cryptocurrency in the past. On the basis of this, you can try to predict future developments.

Strategies for investing

Broadly speaking, there are two strategies that are commonly used when investing in StormX. These strategies are also called the ‘short term’ strategy and the ‘long term’ strategy. Both strategies will give you a profit. So, it is not the case that one strategy is better than the other. When you start investing with crypto money, you must choose a strategy which suits you and the digital coins you want to invest in.

Long-term strategy

An investor who uses the long-term strategy is not very active on the crypto market. He studies prices over a longer period of time and also sets expectations for longer periods. The digital coins of an investor in StormX who uses this strategy will remain in his/her wallet for a long time. After a relatively long period, the investor will sell his/her coins. Of course, this happens when the crypto coins are worth a lot.

Short-term strategy

If you want to invest using the short-term strategy, you will have to be very active on the crypto market. By closely monitoring the daily prices, you will be able to sell your digital currency at a very favourable price within a relatively short period of time. As a result of this, you as an investor will be able to make a profit in the short term by using this strategy.

Buying Status (SNT): how to invest in Status?

Nowadays, the crypto market is very popular. One of the cryptocurrencies on the current market is the cryptocurrency of Status. Status is a mobile application that was introduced in 2017. With the help of this application, projects running on the blockchain chain can be managed. The digital currency of Status is the Status Network Token. The moment you start investing in cryptocurrencies such as Status Network Token, and you do this in the right way, you can make a lot of money with it.

Where can you trade in Status?

A good party where you can trade cryptocurrencies such as Status is Plus500. At Plus500 you pay no commissions when you trade in crypto CFDs. You can both speculate on falling and increasing prices and because of this you can optimally anticipate on the movement of crypto’s. Would you like to try the possibilities for free with a demo? Use the button below to open a free demo immediately:

How to buy Status?

Status is an Ethereum-based mobile application that can be compared to Google Pay or the Apple Store. You can use the platform to use applications or to chat with other users. Do you have faith in the future of the cryptocurrency Status? In that case, it may be interesting to buy the crypto Status:

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What is Status?

Status (SNT) is a mobile application for the Ethereum network. The Ethereum network uses blockchain technology. Status allows users to use decentralized applications built on Ethereum’s blockchain network. You can use Status to write texts, for example. Later, it will also be possible to send photos and videos using Status.

Status also has its own cryptocurrency. The digital currency that comes with Status is called the Status Network Token (SNT). Cryptocurrencies from Status can be used to access applications running on the Ethereum blockchain technology. The exchange rate of this cryptocurrency, as well as Status’ network, is in full development.

The makers of Status

The founders of Status are two Swiss men named Carl Bennets and Jarrad Hope. They launched the Status ICO in June 2017. Status has thus only recently launched, so the network is still in the process of development. Meanwhile, former Google manager Nabil Nahdy has also joined the team working behind the scenes for Status and its cryptocurrency Status Network Token (SNT). Nabil Nahdy’s experience will contribute greatly to the further development of this digital currency. He has been made responsible for creating the vision, a roadmap and further developments of the product itself.

Investing in Status

What are the different applications of Status (SNT)?

The Status application, and the price of the corresponding cryptocurrency, is still under full development. As a result, this application does not yet have all the functions that it would like to have. The following functions are currently available:

  • First, Status makes decentralized push notifications Users can decide for themselves which providers in the network send them notifications. However, to use this feature, you must pay for it. This payment can be made with Status’ digital currency: the Status Network Token.
  • If you own crypto coins of Status, you have the right to vote on the future of the project. In this way you can influence changes in the Status network or other important decisions. This voting is not at the expense of the amount of digital currency you own. At the time you possess the Status Network Token, you will receive so-called ‘Decision Tokens’ for free. This second type of token can be used to cast your vote.
  • If you are in possession of the cryptocurrency Status Network Token, you can indicate whether you find the content displayed on the application useful or not. In this way, only the best content can be displayed.
  •  To avoid many people unnecessarily demanding attention from you through the Status community, you can set a so-called ‘tribute’. This is a minimum amount of crypto coins that someone has to pay before he can message a stakeholder. The stakeholder will only receive this amount of coins once he has replied to the message.

The Expected Future of Status

The makers of the application Status want to expand this application much further in the future. They want to add a number of handy functions. For example, they want to create a corresponding app that allows holders to exchange fiat currency for digital currency. Status also wants to set up a directory with which decentralized applications can be designed. Finally, it is also an ambition of Status to increase user acceptance and user interaction. In this way, Status and its crypto money will become more popular.

How can I purchase Status Network Token?

When you plan to invest in Status Network Token, you must of course get this token in your possession. The digital currency of Status, the Status Network Token, is available through online platforms. There are many platforms where you can buy crypto money. It is wise to compare the different platforms in advance and investigate the reliability of the platforms. Platforms may differ in transaction costs, depending on the amount of crypto coins you wish to buy.

Save network token status

If you have bought Status Network Token, you will want to store these cryptocurrencies neatly and safely. When investing, it is also important to store your cryptocurrency, because you will not always sell it right away. There are two different types of wallets available in which you can store your Status Network Tokens. You can choose to store your digital coins in a hardware wallet or in a digital wallet. It is important to take into account the advantages and disadvantages of both wallets when choosing a wallet.

Digital wallet

A digital wallet is also called an online wallet. This is because this wallet keeps track online of the cryptocurrencies you possess. The big advantage of an online wallet is that you can have it with you at all times and can open it on various devices. It is possible to manage your wallet and digital coins on for instance your phone or laptop. As long as the device has an internet connection the management is possible. An online wallet is less safe because it is more susceptible to internet criminals.

Hardware wallet

A hardware wallet is also called an offline wallet. When using a hardware wallet, you store your wallet and crypto money on external hardware such as an USB stick. The advantage of a hardware wallet is that it is less sensitive to hackers. After all, your wallet is not stored in a cloud on the internet. The disadvantage of an offline wallet is that it is not always available. The moment you don’t have your USB-stick or other external hardware with you, you can’t manage your wallet and cryptocurrencies.

Investing in Status

If your wallet is filled with Status Network Tokens, you can start investing in Status. If you are going to invest in Status, you will buy Status with the expectation that in a certain period of time you can earn a return. When you choose to invest in cryptocurrencies, you are assuming that the cryptocurrencies will automatically become more valuable. Do you want to start investing in Status? In that case, you must do sufficient research in advance regarding the development of the price of the Status Network Token in the present and in the past.

Strategies for investing

In short, there are two strategies that are commonly used in the crypto market. The first strategy is called the ‘short term’ strategy and the second strategy is called the ‘long term’ strategy. One strategy is not much better than the other. As an investor, you must choose a strategy that suits you and that also track the price development of the digital currency, in this case the Status Network Token.

Short-term strategy

The short-term strategy means that you trade very actively on the crypto market. You keep an eye on the daily prices and based on these prices you decide whether you are going to sell your crypto money or whether you are going to wait until the value increases more. With this strategy you sell your digital currency on short notice and of course when you think that selling your cryptocurrency will generate a profit.

Long-term strategy

The long-term strategy is the opposite of the previous short-term strategy. In this strategy you buy cryptocurrencies, and you keep them in your wallet for a longer period of time. When you are going to invest in Status and you are using this strategy, you are actually looking at the course of the price in the long term. Of course, here too you sell your cryptocurrency at the moment when it is going to give you a lot of profit.

Conclusion: is it smart to invest in Status?

Status is therefore a mobile application that is still very much in development. Because of this, the price of the Status Network Token is still fluctuating a lot. Despite all these uncertainties, the goals of the creators of this digital currency are clear. If these goals are achieved, a bright future lies ahead for Status. However, when you currently choose to invest in Status, you must be aware of these uncertainties. It is wise to do good and thorough research on Status and to draw up an appropriate strategy for your investments.

Buying Request Network: how to invest in Request Network?

Cryptocurrencies are extremely popular these days. This is not strange when you consider that you can earn a lot of money by buying and selling different digital currencies. You can choose to actively trade cryptocurrencies yourself. However, you can also choose to invest in cryptocurrencies for the long term.A well-known cryptocurrency that is widely invested in is Request Network (REQ). Request Network is a network that can be used as a payment system. In addition, Request Network also has its own cryptocurrency, the Request Network Token, which you can use when you want to invest in Request Network.

Where can you trade in Request Network?

A good party where you can trade cryptocurrencies such as Request Network is Plus500. At Plus500 you pay no commissions when you trade in crypto CFDs. By using short positions (besides buying), you can also speculate falling prices and because of this you can optimally anticipate on the movement of crypto’s. Would you like to try the possibilities for free with a demo?  Use the button below to open a free demo immediately:

How to buy Request Network?

Request Network wants to make it possible to transfer payments easily. Request Network should make services like PayPal and Tiki redundant in the future. Do you also have faith in this vision of the future? In that case, it might be interesting to invest in Request Network by buying the cryptocurrency:

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What is Request Network?

Request Network (REQ) is a decentralized network that allows anyone to request or receive peer-to-peer payments. This network runs on the Ethereum Blockchain platform, which means that payments can be made all over the world. Thanks to this blockchain technology, it is possible to keep transaction costs extremely low.

This makes it attractive for companies to make use of this network. The Request Network is proud of the fact that they are flexible and would like to grow further in the world of digital currencies. The cryptocurrency of Request Network is the Request Network Token. The exchange rate of this token, like the network, is in full development.

The creators of Request Network

Behind Request Network is a group of experts who have extensive knowledge of the financial industry and, of course, experience with blockchain technology. The team consists of 9 professionals who also founded the platform ‘Moneytis’. Moneytis is a website that allows you to make secure and fast transactions all over the world. The creators of Request Network have a clear goal.They want to reinvent the world of commerce with the help of the network they have set up. They do this by keeping Request Network’s transaction costs very low and ensuring the privacy and identity of users.  The low transaction costs and privacy are good reasons to buy Request Network crypto.

A new payment system

Request Network Token is still a relatively unknown cryptocurrency. People who already have a lot of experience with digital coins argue for a good future for the Request Network Token. This is because the platform of this crypto-currency is very extensive, which gives the crypto-currency many development opportunities.Thus, Request Network may eventually overtake payment systems such as PayPal and credit card. Once this happens, it could be a huge boost for the implementation of crypto money in everyday life. As mentioned before, the transaction costs at Request Network are also extremely low. This ensures that this network attracts large companies and investors. This will benefit the price of the digital currency that belongs to this network.

What can I use Request Network for now?

Currently, there are 5 different applications for Request Network and the Request Network Token:
  • When you order things online, you can choose to pay with Request instead of other payment services. This is often safer, faster and cheaper.
  • It is possible to create and share invoices on the blockchain. This includes advanced payment terms such as down payments and taxes.
  • Request Network can also be used as a real-time accounting system that allows you to easily switch accounting providers without data migration.
  • Request Network can also be used to communicate financially. This is linked to a strong framework for the Internet of Things.
  • For government, non-government organizations and municipalities, Request Network can be used to provide budget transparency.

The future prospects of Request Network

At the moment, the future prospects for Request Network are very positive. The application of the platform has a lot of potential. As soon as cryptocurrencies become more popular, Request Network will automatically be used more and its price will rise. After all, you can use the Request Network for crypto money payments and the number of crypto money payments will increase when the crypto market grows in popularity. You do not need to own Request Network Tokens to be able to use the Request Network.

How can I purchase Request Network Token?

Are you planning to invest in Request Network? In that case, you need to buy Request Network Tokens. The Request Network Tokens are the digital coins of Request Network (REQ). This crypto money can be easily obtained through different online platforms. Some of these platforms require you to pay extra fees to purchase Request Network Tokens. It is therefore useful to first compare some of these trading platforms with each other before you buy Request Network Tokens.

Request Network Wallet

When you have bought Request Network Tokens, you need a place to keep them. After all, you do not always want to sell all your digital coins right away. There are two types of wallets you can choose between. There are digital wallets in which you can store your Request Network Tokens. Besides that, there are also hardware wallets you can use. Below is a short description of both wallets. It is important to carefully weigh the pros and cons of each wallet so you can choose the right one.

Digital wallet

A digital wallet, also known as a mobile or desktop wallet, is very convenient but less safe. A digital wallet is convenient for storing your crypto money because you can access the wallet at all times. All information about your digital currency is stored in a cloud that you can access on your phone, laptop or other device with an internet connection. This form of management is less safe because it can be susceptible to hackers.

Hardware wallet

A hardware wallet is a lot safer than a digital wallet. When you use a hardware wallet, this means you store your crypto money on external hardware like an USB stick. This type of wallet is also called an offline wallet. A hardware wallet is less vulnerable to internet criminals. However, the hardware cannot be connected to every device, which means you will not be able to access the wallet at all times.

Invest in Request Network

Once your crypto wallet is filled with Request Network Tokens, you can start investing. When investing in Request Network you spend with the expectation that eventually a return will be obtained. If you are going to invest in cryptocurrencies, you are assuming that these cryptocurrencies will automatically become more valuable and that they will generate a return. If you want to invest in Request Network, it’s sensible to study the course of the price in the past beforehand and to research this token.

Strategies for investing

Simply put, there are two strategies you can use when investing in Request Network. These strategies are called the “short term” strategy and the “long term” strategy. One strategy is not much better than the other. The main issue when choosing the right strategy is which strategy suits you and which strategy suits the course of the Request Network Token.

Short-term strategy

When using the short-term strategy, you must keep an eye on the daily prices of the cryptocurrency. When you are using this strategy, it means that you are trading very actively on the crypto market. You buy and sell your digital currency on a rather short term and in doing so, you try to make as much profit as possible. Of course, you do this by selling your crypto coins when they are worth a lot.

Long-term strategy

The opposite of the short-term strategy is the long-term strategy. In this strategy you buy cryptocurrencies, and you keep them in your wallet for a longer period of time. Instead of daily prices you look at the development of the price over a longer period. You keep the cryptocurrency for a longer period of time, hoping that in the future it will increase in value. When the coins are worth a lot to you, you sell them and make a profit.

Conclusion: it is smart to invest in Request Network?

Request Network is a relatively new cryptocurrency, which is still being developed. For this very reason, it may be wise to invest in Request Network now. It is possible that this cryptocurrency will become extremely popular in the short or long term. More people will buy cryptocurrency and the value of this digital currency will rise. Therefore, Request Network will be a huge boost if it is used more often as a payment option.

However, the future of Request Network is obviously not fixed. The crypto market is a very volatile market, which makes it difficult to predict the future of this cryptocurrency. If you are planning to invest in Request Network, you must consider all the pros and cons of the network. Remember that investing in cryptocurrencies always involves risk.

Buying Komodo: how can you invest in Komodo?

The rise of blockchain technology has not gone unnoticed in recent years. The technology and the underlying cryptocurrencies, are receiving more and more attention and the value of bitcoin, for example, is rising rapidly. Komodo is the next step in the blockchain revolution. Komodo is often referred to as blockchain 2.0.This all sounds very intriguing and therefore we would like to take a closer look at Komodo in this article. We will discuss how the cryptocurrency originated, and we will investigate whether it is interesting to invest in Komodo.

Would you like to actively trade Komodo?

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How to buy Komodo?

Komodo is a cryptocurrency that has privacy at the top of its list. Many users value cryptocurrencies for their high level of privacy. Therefore, an investment in Komodo may turn out to be a good one.

Do you want to invest in Komodo by adding the cryptocurrency to your portfolio? You can do so at a reliable crypto exchange:
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What is Komodo?

As mentioned earlier, Komodo is a blockchain 2.0 technology. Komodo is therefore a decentralized network on which transactions of data or money must be passed. These decentralized transactions use the highest possible form of anonymity. For example, pseudonyms have even been used for the developers. Nobody therefore knows exactly who developed the company and the technology.

The absence of an intermediary (such as a bank or government) in every transaction should benefit the privacy of users. Furthermore, maximum security is offered to users by means of a ‘Delayed Proof of Work’ protocol. This system cannot be hacked. How this works exactly will be explained later in this article under the heading functions of Komodo.

How did Komodo come about?

Komodo was founded in 2016 as a result of the anonymity problem with the then already large Bitcoin platform. Komodo is therefore a derivative of the blockchain network that Bitcoin also uses. In addition to anonymity being at the forefront of Komodo’s development, scalability was also crucial.

The problem with blockchains, which were developed until 2016, is that they were not scalable. The system was not capable of handling huge amounts of transactions in a short period of time. Thus, the cost per transaction remained quite high. By scaling up the volume of transactions, transaction costs could be reduced. Komodo found a solution to this problem in the form of parallel transactions called ‘Multichain Syncing Technology’. We will explain this in more detail in the next paragraph.

What are the goals of Komodo?

Komodo’s features focus on increasing anonymity and scalability compared to Bitcoin’s blockchain network. Komodo does this through the use and development of Delayed Proof of Work and Multichain Syncing Technology.

First, we will start with a bit of explanation about Delayed Proof of Work. This technology ensures that there is an extra layer of protection around the Komodo blockchain, in the form of a Bitcoin blockchain. This blockchain forms a figurative shield around the Komodo core. Hackers must first hack the Bitcoin blockchain before they can access Komodo’s data. This makes the Komodo platform one of the most secure systems in the field.Secondly, it uses the ‘Multichain Syncing Technology’. This ensures scalability. By performing parallel transactions, it becomes possible to perform many more transactions simultaneously. This does not compromise the security and reliability of the system. Moreover, it significantly reduces the cost per transaction.

What are the advantages of Komodo?

  • Scalability through Multichain Syncing Technology
  • safety through Delayed Proof of Work
  • lower costs per transaction
  • faster execution of transactions
As you can see, there are certainly advantages to the Komodo cryptocurrency. You should therefore definitely consider an investment.

What are the disadvantages of Komodo?

In addition to the many advantages that Komodo offers, there is also a disadvantage. The makers’ starting point of putting anonymity first has been crucial in its development. For example, the developers are not directly mentioned by name, but pseudonyms are used. This is beneficial to privacy, but may also attract fraud or crime.

Earlier studies have shown that criminals are happy to use crypto and blockchains to share data anonymously. This therefore poses a risk to the normal user who values his or her privacy.

Buying Komodo

Komodo also has its own crypto called KMD. You can easily trade KMD through an online exchange for cryptocurrencies. In January 2021, the price of KMD stood at %0.59. This is a big difference compared to the peak in December 2017 of almost $10 per KMD.We will never make any statements about the future value of cryptocurrencies, but KMD and the Komodo technology behind it seem to have a lot of potential. When the Komodo network is used by many individuals, and it becomes mainstream, the value of KMD might increase significantly in the near future.

What should you pay attention to when investing in Komodo?

When investing in Komodo, or KMD in this case, one should pay particular attention to the criminality often associated with such systems. Research has shown that many criminals use a blockchain platform to exchange data anonymously. Komodo is now extra secure thanks to the ‘Delayed Proof of Work’ protocol.

Moreover, Komodo is very fast due to the ‘Multichain Syncing Technology’. Furthermore, the anonymity of the user was crucial for the makers during the development of KMD. All in all, this makes it a perfect platform for criminals to abuse. As an investor, you should not want to be a part of this in the form of a falling price value of KMD.

To invest in Komodo or not?

Investing in Komodo seems to offer a lot of potential. The platform guarantees optimal anonymity, high security, low transaction costs and fast transactions. The decentralized network eliminates the need for an intermediary in every transaction.In addition to the many strengths of Komodo and KMD, this article has also looked at important points to watch out for as a user. More and more criminals want to use a blockchain platform and this is therefore a risk. Do you have faith in the potential of Komodo and KMD? Then KMD could be a very interesting investment. Always conduct your own research before investing in a crypto.

Buy IOST: How to invest in IOST?

In recent years, the rise of blockchain technology has been unprecedented. IOST has emerged from this trend. IOST is a blockchain that manages to connect devices through a decentralised network. In this way, a smart house, for example, can be designed. The technology seems very promising.IOST is also associated with a cryptocurrency called the IOST token. In this article we will take a closer look at IOST. We look at the origin, development, properties and buying and selling of the crypto. At the end, we will discuss whether it can be smart to invest in IOST.

Do you want to actively trade in IOST?

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How to buy IOST?

IOST wants to make a platform available for IoS which stands for Internet of Services. With Huds, information can be stored securely and dApps and smart contracts make it possible to create services and products for the platform. A major advantage of IOST is that this blockchain technology is scalable, which is a major problem of bitcoin. This is why investing in IOST can work out well.

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What is IOST?

IOST is a decentralized blockchain network that allows remote devices to be connected and controlled. This is a decentralized way of realizing a smart home. For example, dishwashers, refrigerators, washing machines or coffee makers can be connected to it.

By using an app, all these devices can be controlled remotely. In addition, IOST technology is set to optimize usage. The technology does this by analysing user data. It is a system that has evolved from the Internet of Things (IoT) which makes the Internet of Services (IoS) possible. IoS makes the use of blockchain technology in the form of a service (such as IOST) realistic.

Investing in IOST

How did IOST come about?

IOST arose from the limitation of the first blockchain technologies. This limitation was mainly due to the fact that blockchains were not scalable. This kept transaction costs high. The moment a blockchain is scalable, more and faster transactions can be processed. This volume and speed in turn reduces the cost per transaction.  This can make an investment in IOST more attractive.

According to IOST, the problem of scalability lies in the log that contains all the transactions. This now needs to be fully stored and constantly updated. Then, every entity within the entire blockchain system also has to participate in the transaction by providing consensus. The combination of these two features makes traditional blockchains unscalable.

What are the goals of IOST?

The goals of IOST focus on solving the scalability problems experienced by traditional blockchains. The solution offered by IOST is based on the decentralized exchange of products, as well as services. IOST makes use of ‘Efficient Distributed Sharding’ (EDS).This means that the entities, which must provide consensus, are divided into smaller groups to create a smaller network. In this way, the entire network is not burdened with the transaction and scalability can be achieved. Besides EDS, IOST has also developed Believable First Consensus (BFC). Here the group of controlling entities of a transaction is grouped into ‘credible’ and ‘normal’ nodes. These are formed during the blockchain validation process. Consensus is reached by a combination of credible and normal nodes giving their consensus. In this way, up to 100,000 transactions can be carried out per second. This is many times higher than what blockchains are currently capable of processing.This higher scalability makes IOST more widely applicable which can be a good reason to invest in the cryptocurrency.

What are the benefits of IOST?

  • Scalability: The EDS and BFC developments mentioned above make it possible to make this blockchain technology scalable.
  • Secure and reliable: through further development of the traditional blockchains, it is possible to create a network that is just as reliable and scalable. In this way, even more transactions can be carried out per second and at a low price per transaction.
  • Global transactions: global decentralized transactions are made straightforward by IOST technology. Thus, the practical function of creating a smart home will appeal to many consumers.

What are the disadvantages of IOST?

Besides the many advantages that IOST offers, there is also a disadvantage. The EDS and BFC do increase the volume of transactions, but somewhat at the expense of control. With traditional blockchains, everyone in a network must give consensus, but this is not the case with IOST because of scalability issues. The system also becomes slightly more susceptible to fraud.

Buying IOST

You can easily buy IOST crypto (the IOSToken) through an online crypto exchange. Holding IOSToken can be done through a hardware or software wallet. After creating an account on a crypto exchange you can deposit money. Once you have upgraded the account, you can immediately start trading IOSToken.

What should you look out for when investing in IOST?

When investing in IOST, it is advisable to keep it in a wallet. This is the safest way to hold crypto. The riskiest option is to hold crypto on an exchange. The exchange can be hacked by a cyber-attack, for example.Your crypto coins may disappear, and you will not be insured for this. This is the disadvantage compared to regular banks that do offer such balance insurance.Therefore, find out whether you want to use a software or hardware wallet. A hardware wallet offers the best security. It is a physical device with which crypto can be held, traded and managed.

To invest or in IOST or not?

Investing in IOST can be very interesting for the future. In recent years, blockchain technology has made great leaps and bounds and IOST may well become the next trend. If this technology becomes practical on a large scale, the value of IOST will increase dramatically. We never make any claims about what the possible future value of a financial unit will be.

IOST does show a lot of potential, so do your research on this technology before investing in it. The development of further blockchain technology will make it possible to carry out many thousands of transactions per second. In this way, much more data can be shared in the future.

Buying ICON: how can you invest in ICON?

As a result of the growing interest in crypto, Bitcoin has often been in the news. But there are many other crypto and blockchain developments that are interesting. For example, ICON is an innovative blockchain technology that is currently emerging. ICON (ICX) is the cryptocurrency of the ICON Project. It strives for a decentralized blockchain system that carries out transactions without an intermediary. Anyone can build his or her own blockchain project on it and carry out transactions directly. In this way, a new financial ecosystem is developed.This article takes a closer look at ICON, ICX and the ICON Project. We will look at the development, the functions and the advantages and disadvantages. We will also look at the best way to buy the ICON cryptocurrency. At the end, we draw a conclusion whether you should invest in ICON (ICX) or not.

How to buy ICON?

The cryptocurrency ICON aims to connect all blockchains. In this way, the systems of hospitals and banks, for example, can work together. The data is automatically shared between the parties without the need for an intermediary and is 100% secure. This certainly gives ICON potential: it may therefore be interesting to buy ICON.

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Do you want to actively trade in ICON?

Would you prefer to actively trade CFD cryptocurrencies such as ICON? Then you can open an account at Plus500. Plus500 is a broker that is ideal for the trader who wants to actively respond to the latest market developments. For example, you can open short positions (besides buying), allowing you to speculate on falling prices as well. Use the button below to open an account at Plus500 immediately:

What is ICON?

ICON (ICX) is a cryptocurrency which is part of the ICON Project. The ICON Project is a decentralized blockchain on which independent blockchains can be built. Transactions can be directly executed via these blockchains. This makes it possible for money or data to be exchanged between sender and receiver. This takes place without a bank or government standing between this transaction as a third party.

The ICON Project offers many advantages over the current banking system. For example, there is a lower fee for transactions. This fee is used exclusively to make the system self-sufficient. Furthermore, the decentralized system offers the possibility of making the blockchain scalable. This allows many people to use this technology and further reduces the cost per transaction.investing in ICON

How did ICON come about?

With the rise of blockchain systems and the increasing value of bitcoin, the demand for a decentralized blockchain technology grew. The desire was to develop a technology that offers reliability and security, but at the same time is scalable and can be used on a larger scale.

Take, for example, a hospital, one of the possible applications of ICON. In this case, a hospital can build its blockchain with data on the ICON Project. All patient data can be safely stored on it. If a physiotherapist needs to access a particular patient’s data, this can be done by obtaining information directly from the hospital via the physio-blockchain (also built on the ICON Project). This makes the whole process much faster and easier. The hospital spends less time finding and sending the data and the physio can start the necessary treatment sooner.

What are the goals of ICON?

The functions of ICON focus on the exchange of transactions or data within a secure decentralized blockchain. These transactions can be exchanged by anyone who has built their blockchain on the ICON Project. It does not matter whether it is a payment or data in the form of a photo, video or document. This transaction of data or payments is carried out within the two entities on the blockchain. Therefore, there is no government, bank or other financial institution that approves or rejects your transaction.

This increases the privacy of transactions and, at the same time, guarantees security. Furthermore, the possibility of building entities on the blockchain is an important function of ICON and the ICON Project. In this way, it is possible to build a system at scale. In other words, a new ecosystem of entities that can communicate with each other. These new features make it interesting to invest in the cryptocurrency ICON.

What are the advantages of ICON?

  • Applicability: the ICON Project’s blockchain system is already being used extensively by banks, hospitals and universities worldwide. By connecting to the ICON Project, they ensure that they can communicate data and transactions with each other without the interaction of an outsider.
  • Scalability: By building on the ICON Project, more people can enjoy the benefits of the blockchain system in terms of communicating data. This is an important difference to the Bitcoin ecosystem which is not scalable.
  • Security: Due to a decentralized blockchain system, nothing crazy can happen to the transaction. It is a transparent log where the sender and receiver can see the characteristics of the transactions made. Thus, the log actually keeps track of what is happening within the system.

What are the disadvantages of ICON?

  • No consumer protection: normally, consumers are protected in transactions through financial institutions. Suppose you buy a television online and pay with Visa or Mastercard. You can then turn to them if something goes wrong with the delivery of this item. This protection guarantees consumers that they will not become the financial victim of, for example, scams.
  • Privacy: since there is no intermediary, you can count on optimal privacy. But this also attracts criminal activity. For example, it has been found that 44% of transactions carried out using blockchain technologies are linked to criminal activity. This also puts a stain on the name of blockchain systems and the advantages of the decentralized execution of transactions. There is no government or regulator in the market.

Buy ICON

Buying ICON is easy  through most online crypto brokers. In January 2021, ICON shares (or ICX-coin as listed on its ticker) stood at $0.73. This puts the current valuation of ICX at $431 million which is far below the peak of January 2018 when 1 ICX-coin went for €9.21. This cryptocurrency can be held in an online wallet. Either software or hardware wallets will do. This is the safest way of holding crypto.

What should you pay attention to when investing in ICON?

When investing in ICON, you should pay attention to the volatility. Given the name that crypto has received, more and more day traders are flocking to these markets. Day traders take advantage of the high volatility so that they can quickly achieve high returns. They do this without any further interest in the underlying technology of ICON. You can expect to see this reflected in the ICX price, the crypto coin behind ICON and the ICON Project. For this reason, it is common to see large fluctuations in the price of a crypto.

To invest or not to invest in ICON?

Whether to invest in ICON depends on how you see the future of ICON and whether you think ICON has added value. Is this the new way of conducting financial or data transactions in the future? If so, the ICON-coin is a very interesting investment. In recent years, the system has shown that it can also be used in today’s society. It therefore promises great potential for the near future. Please do your own research on ICON, the ICON Project and ICX-coin before you get involved. As mentioned before, cryptocurrencies are associated with high volatility.

Buying Holo: how can you invest in Holo?

Holo is a further development on the growing trend of blockchain and crypto. Blockchain has shown that it has a lot of potential, but the scalability is still lacking. The HoloChain has found an innovative solution for this. This could possibly become a new trend within Big Data and the Internet of Things.In this article we will take a closer look at Holo and its development, functions, performance and purchase of Holo and the HoloToken (HOT). At the end, we will weigh everything up and see if it is attractive to invest in Holo.

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How to buy Holo?

It can certainly be interesting to buy the Holo crypto currency. Holo has found a solution to the scalability problem. They solve this problem by reinventing the blockchain where consensus does not need to be updated on every computer. This allows for much faster transactions so the crypto currency can be used much more widely.

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What is Holo?

Holo is an alternative to the current blockchain system. The crucial difference with the blockchain is the way consensus is given. Consensus means that everyone in the blockchain agrees with the transaction to be carried out. Currently, the situation is that everyone in the blockchain has access to the log that is updated globally after every transaction. This makes it easy to oversee all transactions. On the other hand, it limits scalability.

The bigger the blockchain is, the more data and the slower the whole system becomes. Holo has found a solution for this by finding a different way to reach consensus, without compromising the reliability of the current consensus system. Besides this technology, Holo also has a cryptocurrency, namely the HoloToken (HOT). This token is traded on all major exchanges.

How did Holo come about?

Holo was created as a result of the search for solutions to the limitations of blockchain and Bitcoin. As mentioned, the scalability of a blockchain system is limited by data restrictions. The more participants in the blockchain, the more data is stored worldwide. This is at the expense of the speed of the entire system. For example, every user has access to the entire log, which must be kept worldwide.

After realizing this limiting factor, Holo was developed. It is an alternative to current blockchain systems and is intended to improve on them. Each agent, or someone who is part of the transaction, provides consensus for their transaction. In this way, a personal log is kept that does not need to be stored globally.investing in Holo

What are the goals of Holo?

Holo’s functions focus on the decentralized transmission of data. This can be in the form of a payment, for example, but it can also be a piece of data. Think of a document, print screen or other type of file. These functions are also offered by the blockchain. But current blockchain technology is limited by its scalability.

Holo has solved this problem by setting up the consensus in such a way that a user only has to keep his or her logbook. This way, not everyone can see the global log and only what is important for that person.This reduces data usage, as there is no longer a need for global consensus. As a result, the decentralized system is not overloaded and can carry out infinite numbers of transactions. And that, too, in a split second. The system can currently carry out more than 56,000 transactions per second. This is more than a multinational company such as Visa can currently perform.

What are the disadvantages of Holo?

Holo also has some drawbacks. For one, it is not the only technological development that claims to solve the scale problem of blockchain. Many other systems also make this claim. Who becomes the best at this will become clear in the future. A

With many blockchain systems, there is also a crypto coin for the Holo system. This token is called the HoloToken (HOT). Recently, it has become apparent that the values of such currencies are extremely volatile. Consequently, investing in this technology involves risks.In the short term, you should take this into account. Whoever invests in cryptocurrencies, should have a strong stomach. Hard declines alternate with sharp rises, and these fluctuations are not for everyone. On the other hand, if the growth potential is fulfilled, this can make this investment even more interesting.

Buying Holo

You can easily buy the HoloToken (HOT) through an online broker. The token is kept in a crypto wallet. This is a kind of bank account for online currencies which you buy through an exchange. For HOT this can be either a hardware or a software wallet. It is a token which is built on the ERC20 Ethereum protocol, so it can easily be held in these wallets.In January 2021, the value of a HoloToken (HOT) stood at $0.000658 per HOT. This represents a market value of over $106 million. In July 2019, the HOT was still at $0.0024 per coin, which equated to a market value of over $450 million. So, this could possibly be a good entry point. We do not make any claims about the future value of financial products or similar technologies.

What should you pay attention to when investing in Holo?

When investing in Holo, the future potential must be considered above all. Is Holo the new version of blockchain technology, and does it live up to this potential? If so, the value of Holo and the underlying HoloToken (HOT) will increase enormously. It could form a new ecosystem for carrying out transactions without intermediaries. On the other hand, it is also possible that a better alternative will emerge in the coming years. Until then, it remains a very volatile investment. Therefore, pay close attention to this. Do your research on Holo and the HoloToken (HOT) before investing in it.

To invest in Holo or not?

Holo represents an innovative advance on existing blockchain systems. It has managed to solve the scalability problem of blockchain. But in addition to Holo, many other technologies have also come up with a possible solution. Holo seems advanced and has a technology that can be widely applied.In the next few years, it can show what it is going to do with that potential. Which transactions will run through the HoloChain in the future? If this becomes the new standard of transactions, there may be a lot of value in the HoloToken (HOT). This will also increase the price per HOT tremendously, as more users will see the added value of applying the HoloChain to their lives.

Buying EOS: how to invest in EOS?

Cryptocurrencies are very volatile, so you can achieve a high return with an investment. It is therefore true that there are only a few stocks that are doing as well as the crypto projects. The enormous growth has led to many new coins being introduced. One of the coins that will probably sound familiar is EOS. Since this project is a good option to invest in, it is useful to take a closer look at it. By reading this article you too will get an answer to the question whether buying EOS is smart or not.

How to buy EOS?

The EOS cryptocurrency is similar to Ethereum in many ways. A major advantage of EOS is that the developers do not have to pay for its use. The high volatility of EOS makes it interesting to invest in the cryptocurrency.

Do you want to buy the EOS cryptocurrency? You can do this at a reliable cypto exchange:
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What is EOS?

The cryptocurrency EOS is best compared to Ethereum. EOS can also be used for so-called ‘smart contracts‘. Smart contracts make it possible to record certain agreements securely via the blockchain. In addition to smart contracts, the cryptocurrency also aims to offer decentralized application hosting.

If you have an EOS token, you can make partial use of the bandwidth and storage on the blockchain. You also have the opportunity to vote on future developments of EOS.

How can you invest in EOS?

You can actively invest in EOS through an online broker. This involves the use of so-called derivatives. A derivative makes it possible to trade in the price of an underlying security.

Speculating on price rises and falls requires an account with an online broker. You can trade EOS at eToro using CFDs. eToro is a reliable CFD cryptocurrency broker where you can trade on the price of EOS for as little as $100.Use the button below to open a (demo) account with eToro right away:

What is EOS – goal of the project

Time to look at what EOS actually is. EOS is one of the newest blockchains currently available on the entire cryptocurrency market. EOS can be described as a decentralized platform designed to support decentralized applications (DApps). In many ways, it can be compared to the Ethereum blockchain. EOS is a blockchain that aims to build a platform that has the ability to process a thousand transactions per second without any kind of transaction fees.

How EOS works – benefits

Now that you know a bit more about what EOS is, it is useful to look at how the platform actually works. In an EOS blockchain, blocks are produced by Block Producers. They are similar to miners in an Ethereum blockchain. When they produce blocks, they are paid by the EOS blockchain. This means that no fees are charged to users of the EOS platform.In EOS, two blocks are produced every second. Smart contracts can be built on an EOS platform. The EOS blockchain is powered by the EOS tokens. The EOS blockchain brings a number of advantages:
  • EOS is built for both public and private users and developers
  • EOS is designed for the real world as it is suitable for all businesses
  • EOS offers secure application processing at the best possible speed

Easy to scale – EOS scalability

The most common blockchains such as Bitcoin and Ethereum use consensus over status. This means that all computers on the network can verify the current status of the entire blockchain at any time. This makes it possible to prevent fraud and confirm transactions easily. Whenever a new block is added to the blockchain, the Nodes on the network take over every transaction in the block and update the state of every address associated with those transactions.EOS does this slightly differently. They use consensus for scalability. When using consensus on events, the focus is on the transactions rather than the state. Instead of verifying the state of the network at any given time, Nodes verify the sequence of events that have occurred so far to keep track of the state of the network. This makes it possible to complete transactions much faster. Simply put, the network can instantly process a million transactions per second on a single machine.

Using the EOS token

The EOS blockchain can also be recognized by the use of the EOS token. This is also the currency used within the technology. You can compare this with Ether for the Ethereum platform. EOS is a utility token. A utility token is a token that helps to gain access to goods and services offered by a project. This special token is used to support large-scale applications. There are no transaction costs associated with sending or receiving EOS.This makes it a special token compared to Ether, which does charge a transaction fee for conducting transactions on the platform. In fact, the EOS platform replaces inflation for transaction fees by rewarding the people who periodically manage the network with new EOS. The EOS token is used to maintain the site. It enables developers and users to generate the resources they need to run applications on EOS.

Investing in EOS through an exchange

If you would like to invest in EOS, you are certainly not alone. This is still one of the most popular projects you can find. The easiest way to buy your EOS tokens is through an exchange. This is a place you can compare with a regular stock exchange, only here you trade in cryptocurrencies.There are many exchanges to be found at the moment. Well-known options such as Plus500 and Bitvavo make it possible to always safely dispose of your coins. An advantage of investing in EOS through an exchange is that you do not necessarily have to deposit your coins in your wallet. You can always leave them on the exchange itself.

What do you need to look out for?

Investing in cryptocurrencies always involves risks. In the past, the prices of Bitcoin and Ethereum dropped by tens of percent in one day. It is therefore important not to put all your money into EOS, since this involves the necessary risks.It is also wise to make use of the option to short sell. When the price of the EOS currency is going down, you can achieve a positive result by short selling. By doing so, you can actively anticipate the price decreases and price increases of EOS.You can also choose to trade using leverage. With a leverage, it is possible to open a larger position with a smaller amount of money. With $1000, for example, you can then trade $10.000 or more of EOS at once. This allows you to achieve bigger results.Finally, it is wise to make use of orders. For instance, you can choose to close your position on EOS automatically at a certain price. This way you avoid losing all your money at once in case of an extreme drop.

Successful with EOS

If you want to be successful with EOS, it is important to follow the latest developments closely. Cryptocurrencies are very sensitive to news developments. Therefore, always try to think from the masses’ point of view and estimate whether the price is going to drop or rise after a certain news item.If you apply this correctly, you can make successful investments in EOS. However, remember that you can also lose a considerable amount of money!

Conclusion – should you invest in EOS or not?

If you see a future in the technology of EOS, then this is definitely a project you can invest in. Due to its method of execution for smart contracts, it is a unique coin compared to Ethereum. On top of that, EOS does not charge any fees to the users, something that is obviously music to the ears of many developers. However, whether you should buy EOS depends entirely on your vision of the future market. We hope that this information will give you a better understanding of what EOS is and how it works.

Buying Ethereum Classic: how to invest in ETC?

If you want to invest in cryptocurrencies, it is of time to think carefully about the types of coins you choose for your investment. Since there are thousands of projects to choose from, it is useful to make a selection. One of the coins that many people have seen is Ethereum Classic. Are you also curious whether investing in Ethereum Classic is smart, and would you like to know what you can do with Ethereum Classic? Read on, in this article we will show you everything.

How to buy Ethereum Classic?

Ethereum Classic is a spin-off of the Ethereum cryptocurrency. The Ethereum is clearly larger and more popular than Ethereum Classic. However, there is still a large community supporting Ethereum Classic. Because of this, the price of Ethereum Classic can still fluctuate a lot, which can make it attractive to invest in the coin.

Do you want to buy the Ethereum Classic cryptocurrency? You can do this at a reliable crypto exchange:
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What is Ethereum Classic – goal of the project

First we need to take a look at what Ethereum Classic is. Ethereum Classic is in fact nothing more than the original Ethereum blockchain with some minor modifications. Ethereum (ETH) is an invention of the famous Vitalik Buterin. In 2015, he built a special platform based on blockchain technology and called it Ethereum. This blockchain allows for the implementation of decentralized applications and smart contracts.In 2016, developers within Ethereum proposed a complex smart contract called Decentralized Autonomous Organization (DAO). This implementation would make the development of decentralized applications (dApps) on the Ethereum blockchain a lot easier than before. Less than two months after the launch of DAO, $50 million was stolen by a hacker. In the aftermath of the attack, the Ethereum Foundation met and decided that necessary changes needed to be made to the network. From here, Ethereum Classic was born.

The Hard Fork of Ethereum Classic

Ethereum Classic is in fact a spin-off from Ethereum itself. A number of developers did not want to make any changes to the Ethereum network. They resisted these changes and decided to continue independently. This team continued the original blockchain and completely separated from Ethereum in July 2016. It was predicted that the original blockchain would disappear after the split, only this did not turn out to be entirely the case. Today, the project still exists, and it is still possible to invest in Ethereum Classic.

Difference from Ethereum itself – mining of blocks

ETC has a number of important differences compared to ETH itself. These differences are well reflected in the mining of the coins. Ethereum has made it more difficult to create blocks as more blocks are issued. This will eventually force all miners to switch to proof of stake. This is a special algorithm where it is no longer necessary to solve formulas to mine the blocks.However, ETC is planning to stick with the mines and does not want to move away from them at all. Because the block times at ETC are extremely short, the transaction costs are also very low. This makes it a more advantageous option for developers who would like to conduct transactions on the platform. This is why ETC has experienced such tremendous growth.

De Emerald Software Development Kit (SDK)

One of the unique components of Ethereum Classic is the Emerald Software Developer Kit. This is a special tool for building dApps. The SDK contains all the important components for developers that are necessary for the development of these apps.Since Ethereum Classic is a platform, the goal is of course to attract as many developers to the platform as possible. Ethereum Classic wants to focus on the Internet of Things. This is the connection between everyday devices, such as a fridge that is connected to your phone. The special blockchain technology allows these devices to connect to each other securely.

Ethereum Classic Team

It is always useful to know more about the team of a particular project. This is no different when you want to start investing in Ethereum Classic. The Ethereum Classic team has been under the radar for a long time. The lack of a leader who is much in the news really fits with their view that Ethereum Classic is decentralized. This means that they don’t think anyone should have as much influence on the platform.Currently, Ethereum Classic is managed by ETC Labs and the IOHK Grothendieck team. These are both teams that have a lot of experience and expertise, which means you are dealing with a very reliable cryptocurrency.

Investing in Ethereum Classic through an exchange

If you would like to invest in Ethereum Classic yourself, in many cases you will end up at a special crypto exchange. This is logical, because this is the place where supply and demand come together. On the exchange, you can convert Bitcoin or Pounds to Ethereum Classic. By choosing a well-known exchange you can safely trade Ethereum Classic. After your purchase it is possible to leave your coins on the exchange itself. This means it is no longer necessary to have your wallet.

Conclusion – should you invest in Ethereum Classic or not?

This article should have taught you everything about what Ethereum Classic is and whether it is wise to invest in this project as well. Whether you are wise to invest in Ethereum Classic depends entirely on your vision of the future of the crypto market. If you think that Ethereum Classic will bring many advantages compared to Ethereum, you should definitely invest in it. However, if you think that Ethereum itself is better, then it is better to ignore Ethereum Classic.

Buying Enjin: how to invest in Enjin?

Chances are you would also like to invest in cryptocurrency, after all, there is a reason why our article caught your attention. If you are interested in altcoins, it is wise to include Enjin in your crypto portfolio. Not everyone knows what Enjin is and what you can actually do with it. It is time to change this. In this article, we’ll show you everything you need to know about investing in Enjin. If you read it carefully, there will be no more surprises when you start investing in Enjin.

How to buy Enjin?

Gaming is booming and the cryptocurrency Enjin is cleverly capitalizing on this. With Enjin, gamers can buy in-game products and really own them. It is then possible to use these items in other games. A game like Fortnite shows that a lot of money can be earned by selling in game items. An investment in Enjin could therefore turn out well.

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What is Enjin? – goal of the project

First, let’s take a look at what Enjin actually is. Enjin can be classified as a blockchain gaming platform. This platform focuses on collecting in-game items that are truly owned by the user. The platform offers numerous methods of creating digital assets for use in multiple video games. One example is the collection of a trophy in the game itself.

Blockchain gaming allows gamers to actually own the in-game items. They can then trade them for money or for something else. The Enjin Platform thus makes very clever use of Blockchain technology. This brings with it the following benefits:
  • Ownership of the in-game items – the main advantage is that the users really get ownership of the items that are bought or earned in the games. This is done completely with transactions that cannot be censored based on the Ethereum blockchain.
  • Convenient exchange of value – digital items can be traded or sold directly by users. This is of course ideal for the gaming world, since it makes selling in game items a lot easier. The Enjin Wallet gives users access to decentralized exchanges such as Kyber Network and Changelly. Here they can sell the tokens for money or for other types of cryptocurrencies.
  • One wallet for all items – Enjin Wallet users can store their digital assets in a single location. This eliminates the need for users to create all kinds of separate wallets. With this project, it is possible to easily keep track of everything in one place.

The importance of blockchain gaming

One of the unique advantages of Blockchain gaming is the ability to create items that can be used in different games from different developers. This means that players can take their items between games as if it were a single world (also known as the Multiverse).Multiverse items are possible because assets are stored on a decentralized blockchain – so independent developers all have access to the item. To encourage the development of cross game items, Enjin announced its newest asset the Stormwall. It is an example of what we can expect with its gaming assets.Stormwall is a shield that moves across Enjin’s Multiverse of games. In the video below, we see Stormwall as a playable item in 32 different games, including 9Lives Arena, Age of Rust, Cats in Mechs and more. With the increasing popularity of gaming, it can certainly be interesting to invest in Enjin.

Using the ENJ token

The Enjin project makes use of the special Enjin token, also known as the ENJ. The value of this token is important for storing your coins in your wallet. The tokens are locked up when items are created and released when items are destroyed. Items store a certain amount of ENJ. The ENJ from in-game items can only be extracted by destroying the item.This creates a situation where more and more ENJ is locked up. As a result, the total stock decreases as more games are used. This therefore causes the coin to become more valuable due to scarcity. You can think of it as a form of “digital gold”, just like Bitcoin for example. The increasing scarcity can be a good reason to invest in Enjin.

Collaborations with Enjin

Enjin is partnering with other projects and companies. For example, Enjin has partnered with the president of the Blockchain Gaming community. They also have a partnership with the well-known provider Unity. Moreover, they have partnered with smartphone manufacturer Samsung Electronics as a technology provider. Enjin Wallet therefore runs entirely on Samsung’s own Keystore blockchain. Samsung plans to support the Enjin tokens, which is good news for the future of the cryptocurrency.

Enjin

Invest in Enjin through an exchange

People who want to invest in Enjin should look for a good exchange. As you probably know, the exchange is the place where you can buy all kinds of cryptocurrencies. It’s important to choose a reliable provider if you want to trade and store your coins safely. Well-known providers like Binance make it possible for you as a beginner to buy the coins easily. By trading CFD products, you don’t even need to transfer your coins to a special wallet any more.

Conclusion – should you invest in Enjin?

The information in this article should have made it possible for you to learn a bit more about the advantages of investing in a project like Enjin. Whether you should invest in it yourself, however, entirely depends on your personal attitude concerning the future of the digital currency. If you think that Enjin will do well, it is logically wise to invest in the project. If you think another project will take home the profit, then there are many other coins to choose from.

Buying DigiByte: how to invest in DigiByte?

If you would like to invest in cryptocurrencies yourself, you are certainly not alone in this. The prices of numerous coins regularly go through the roof. One of the coins that has grown in popularity within the crypto community is DigiByte. If you would like to know what DigiByte is and if it is useful to invest in DigiByte, you would be wise to read on. In this article we will show you everything you need to know about DigiByte.

How can you actively trade in DigiByte?

Do you want to actively invest in the DigiByte? You can do so at an online broker! At an online broker, you can use CFDs to speculate on both falling and rising prices of the DigiByte. At Plus500 you can try trading CFD cryptocurrencies completely free and without risk with a demo. Use the button below to open an account with Plus500 right away:

How to buy DigiByte?

DigiByte (availability subject to regulation) is a cryptocurrency that is suitable for the fast execution of microtransactions. It only takes 15 seconds to complete a transaction, which means you can send money to other users in no time. Another advantage of the DigiByte is that its security is much stronger. These upgrades over Bitcoin can make investing in the DigiByte attractive.

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The creation of the currency

Before we look at the project itself, let’s take a look at how it came about. DigiByte was conceived by well-known entrepreneur Jared Tate. This entrepreneur was dissatisfied with the security and speed of Bitcoin. Therefore, he came up with the idea of creating something different. He founded DigiByte in 2013 and launched the block in January 2014. After the launch, Tate went on to devote himself full time to the development of DigiByte. Since then, all funding for the project has come from donations to the DigiByte Foundation. The main goal is to create a fast and secure cryptocurrency.

What is DigiByte – goal of the project

The goal of DigiByte is to create a kind of improved version of Bitcoin. DGB is a special cryptocurrency where new transactions do not come from the Wallet Balance. Instead, each crypto-currency has an identifier. The moment a user sends a coin to someone else, only that coin is considered the issued coin. This ensures that a coin can no longer be ‘double issued’.

Each DigiByte block is mined in 15-18 seconds. Each of the five mining algorithms creates a block in about 1.5 minutes. Within each block, transaction sizes are limited. DigiByte was the first to choose to implement Segregated Witness innovation. This is a special technique that helps keep the blockchain small and scalable. With the fastest block time of any coin, DigiByte is one of the best blockchains in existence to date. 

DigiByte

The advantages of DigiByte

If you are now thinking about investing in DigiByte, it is useful to know what the biggest advantages of this project are. DigiByte’s greatest advantage is that the blockchain is completely safe to use. The most special thing about the project is the fact that the blockchain network uses five mining algorithms. Most projects use only one. These five different mining algorithms are intended to prevent mining centralization and make the network more secure. Besides having five mining algorithms, DigiByte also features much more stability compared to other projects. Because of the stability, the blockchain is protected from hacker attacks.In addition to continuously developing technical upgrades and improvements to the blockchain itself, DigiByte launched DigiStats in autumn 2019. This is used to provide interactive and historical blockchain statistics. This means that it is easier for users to view information on the blockchain. Also, this new technology makes it possible to significantly increase mobile and payment processing options compared to the past

The arrival of the DigiByte Foundation

In the year 2020, the company launched the DigiByte Foundation. This is a foundation designed to help with fundraising within the community. The foundation is currently working on securing partnerships for the project, as well as promoting awareness and adoption of DigiByte. In July 2020, the DigiByte donation platform was launched. This allows donors to contribute to the maintenance of DigiByte’s ecosystem. It also gives them voting rights in DigiByte Foundation decisions where the community needs to be involved.

The future of DigiAssets – investing in DigiByte

DigiByte’s biggest goal is the arrival of DigiAssets. If all goes according to plan, a whole ecosystem of dapps and ICOs will become an integral part of the network. We must emphasize that it remains to be seen whether this will actually happen. It is a goal that many projects are already working on. If the introduction of DigiAssets is successful, DigiByte will, in fact, be a system that combines the best of several crypto projects. If this is indeed the case, then the price of DigiByte might increase a lot. This could be a good reason to invest in DigiByte.

Investing in DigiByte through an exchange

Investing in DigiByte is certainly not a bad option if you think the team will be successful. If you want to invest in DigiByte, you will actually always do this through an exchange. As a kind of crypto exchange, the exchange is the place to place your transactions. By choosing an exchange like Bitvavo or Binance, it’s possible to easily invest in DigiByte yourself. If you choose to invest in CFD products, it is not necessary to transfer your coins to your wallet. If you choose for the regular coins, transferring your coins can be handy.

Conclusion – should you invest in DigiByte?

If you want a one-sided answer to whether you are wise to invest in DigiByte, we have to disappoint you. The answer to this question depends entirely on whether you think the project will be successful or not. If you think that the technology of DigiByte will become the standard, it’s of course not a bad idea to invest in DigiByte. But keep in mind that it is questionable whether this will actually happen.

Buying Decred: How can you invest in Decred?

Of course, it is currently possible to invest in thousands of cryptocurrencies on the entire digital currency market. Decred is one of the projects that has seen a lot of growth over the last few months. Since not everybody is familiar with Decred yet, we would like to give you more information about this crypto coin. By reading this article, you will get a clear answer to the following question: is investing in Decred wise or not? This way, you won’t be faced with any surprises.

How can you actively trade in Decred?

Do you want to actively invest in the Decred (availability subject to regulation)? This is possible with an online broker! At an online broker, you can use CFDs to bet on both falling and rising Decred. At Plus500 you can try trading CFD cryptocurrencies with a demo, completely free and without risk. Use the button below to open an account with Plus500 right away:

How to buy Decred?

Decred is also known as the democratic cryptocurrency. Because everyone who owns Decred can vote on future developments, you too can decide on the future of this coin. Miners are also fairly rewarded with the Decred coin: you do not need a supercomputer to mine Decred coins. Do you believe that Decred can rise in popularity in the future? In that case, it might be smart to invest in Decred by buying the cryptocurrency.Do you want to buy the Decred cryptocurrency? You can do it at a reliable crypto exchange:
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What is Decred – goal of the project

Decred was launched in February 2016. This project aims to be an open and self-financing cryptocurrency based on community governance. One of the most interesting aspects of the Decred cryptocurrency is that they are trying to combine the understanding of digital currencies like Bitcoin with some kind of decentralized governance.This is done through the use of different mining protocols. The inclusion of a form of governance in protocols where participants can vote is something that has been used by more and more cryptocurrencies recently. This is seen as one of the most effective ways to prevent disagreements among developers. 

DecreditedHow Decred works – difference from Bitcoin

Decred launched the main net with the aim of creating a currency that would be a truly decentralized ecosystem. They do this by using a technique similar to Bitcoin. Currently, Bitcoin is mined using Proof-of-Work algorithms. This means that miners are trying to crack complicated mathematical algorithms using powerful computers.Some miners have managed to develop specific machines called Application Specific Integrated Circuits (ASICs). These ASICs can mine Bitcoin much more efficiently by using the SHA256 hashing algorithm. This means that the miners that have these machines can outperform the other smaller miners. This leads to large and centralized mining pools.Decred can counter this by means of a hybrid mining system. The Decred cryptocurrency uses a combination of a Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining algorithm. Unlike PoW mining, no calculations are required in a PoS. Decred still uses PoW mining to verify transactions. Now, the hashing algorithm Decred uses is provided with the “blake” algorithm. This means that miners can no longer use ASIC machines to take over.All that is needed in a PoS model is for the participants in the network to commit a certain number of coins to the transaction. These coins will confirm the transactions without the need to calculate all sorts of complicated sums. Do you think it is important that everyone can benefit from mining? In that case, it may be smart to invest in Decred.

Voting rights with Decred

The PoS model has many other advantages. It is not just the transactions that are carried out within the project that are affected. The users who hold the tokens can also take part in votes on the future of the platform. An example of an important meeting that was proposed to the community was the implementation of special privacy protocols. The Decred team wanted some of the anonymity features that coins like Monero had. They then turned this into a vote, a vote that basically anyone could participate in.The users were given the right to vote on the most important decisions that would shape the technology in the future. Voting takes place via Decred with the help of users who buy “tickets”. These tickets cost a certain amount of DCR. Although you pay for these tickets, you get it back at the end. This means that you don’t have to pay money to actually participate. Through this system, they hope to give it a democratic character for the other users. This makes it a project that really puts the interests of the users first.Do you think it is important to have a say in the future of a cryptocurrency? In that case, buying the Decred cryptocurrency may be attractive.

Invest in Decred through an exchange

By investing in Decred yourself, it is possible to achieve a high return, although this is always questionable. Investing in Decred generally takes place on an exchange. On an exchange, you can buy your Decred coins. There are numerous exchanges you can choose from. Well-known exchanges where you can always trade cryptocurrencies are Binance and Bitvavo. These exchanges also make it possible to safely store your coins.

Conclusion – should you invest in Decred?

A large part of the crypto community thinks that Decred will really experience an enormous growth if they manage to achieve all their goals. Now that Decred has been active for a long time and they have already shown a lot of what they can do, this is of course not a bad idea. If you yourself see a future in Decred, you would be wise to invest some capital in this cryptocurrency. However, there is no guarantee that everything will work out. In the end, it will always be a personal choice to make. However, this article will give you a better idea about Decred.

Buying Dai: how to invest in Dai?

Of course, you can invest in gold, stocks or bonds. However, there is an alternative that more and more people are choosing. We are, of course, talking about crypto-currencies, digital currencies which are extremely popular at the moment. This popularity is due to the high returns that can be achieved. One of the projects that is on the list of many people is Dai. Are you curious what you can expect from Dai and do you want to know if it is wise to invest in Dai? Then be sure to read this article, because we will show you everything you need to know about this special project!

How can you actively trade in Dai?

Do you want to actively invest in the Dai? This is possible with an online broker! At an online broker, you can use CFDs to speculate on both the falling and rising Dai. At Plus500 you can try trading CFD cryptocurrencies with a demo, completely free and without risk. Use the button below to open an account with Plus500 right away:

How to buy Dai?

Dai is a so-called ‘stable currency’. A big disadvantage of many cryptocurrencies is their high volatility: if you hold bitcoins, the value can drop ten percent in one day. If you want to pay and invest with cryptocurrencies, you can choose to buy the stable currency Dai. This currency moves along with the dollar exchange rate, so you will not be faced with unpleasant surprises.

Do you want to buy the Dai cryptocurrency? You can do this at a reliable crypto exchange:
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What is Dai – goal of the project

First of all, of course, we need to consider what Dai actually is. Dai is a special currency supported by Ethereum‘s platform. This cryptocurrency is stabilized compared to the value of the US dollar. This means that the price of the currency is always equal to one dollar. Dai reacts to fluctuating market conditions and makes it possible to purchase other types of crypto-currencies with Dai.

This coin is mainly used by people who use margin trading. Dai differs from other popular crypto-currencies linked to the Dollar because Dai is backed by publicly available crypto-currencies on the Ethereum blockchain.

How does Dai work?

You may wonder how Dai ensures that its price always stays the same. The way in which Dai maintains its stable value without the influence of a central party is special, but not exactly simple. The coin moves according to market changes, which allows it to maintain a stable price compared to other cryptocurrencies. A centralised authority to oversee a cryptocurrency like Tether (USDT) is therefore no longer needed. Dai is entirely based on the Ethereum blockchain and its smart contracts. This ensures that it is a cryptocurrency that cannot be shut down or censored just like that.

The importance of the stable coin

Dai is a stable coin. It is useful to briefly consider the importance of such coins. Stablecoins are cryptocurrencies whose value is linked to assets such as fiat currencies or precious metals that are less volatile. Some stablecoin projects attempt to use algorithms to establish a stable value. The goal of these coins is to devise a cryptocurrency that is not susceptible to extreme volatility. Along with Dai (DAI), other popular stablecoins include Tether (USDT), Paxos Standard Token (PAX), USD Coin (USDC), Gemini Dollar (GUSD) and TrueUSD (TUSD).Stablecoins are important for the functioning of the cryptocurrency ecosystem. They allow you to do several things. You can maintain a stable portfolio of investments in times when the market is volatile. Also, with these coins, it is possible to easily conduct global currency transactions. Finally, it is possible to send uncensored transactions to anyone with a wallet and internet connection. This makes a project like Dai essential for the crypto market in general.Do you trust Dai as a stable coin? In that case, it may be smart to invest in Dai by buying the cryptocurrency.

The function of Maker for Dai

Maker (MKR) is a decentralized autonomous organization (DAO) built entirely on the Ethereum blockchain. It is also a cryptocurrency and a governance token. This means that it can be used among voting members who would like to influence a certain type of project. This special organization is responsible for two tokens, these are Makercoin (MKR) and Dai (DAI). Both are issued on Ethereum according to the ERC-20 standard.Maker aims to create stable decentralized digital coins that are linked to gold or the dollar. The organization is one of the first Ethereum-oriented companies and was already working on the technology before Ethereum was created. This shows that they have a lot of knowledge and expertise.Maker holders are in charge of the risk management of the Maker system. Each MKR holder can vote on important decisions concerning the platform. If someone wants to take out a loan in Dai, the Maker token is used to pay the “stability fee”. MKR tokens cannot be produced and are burned in the settlement process. This makes it really different from a coin like Bitcoin. These are produced by dedicated miners. Overall, Dai is not a primary currency to invest in.

Invest in Dai through an exchange

Investing in Dai is useful if you want to keep money in reserve to use during a price drop. If you want to invest in a project like Dai, you will have to look for an exchange. The exchange is the stock exchange where you can buy your coins. If you choose a good exchange like Bitvavo or Plus500, it is possible to invest in CFD products for Dai. This ensures that you no longer need to independently store the coins in a wallet, but that you can just leave them on the exchange itself. This makes it a lot easier to invest in Dai.

Conclusion – should you invest in Dai?

If we look only at the community, Dai has the potential to become a big player in the cryptomarket. Many specialists therefore see a great future in this special project. Now, of course, the question is whether these goals will actually be achieved. Although the team has a lot of experience and expertise, it remains to be seen whether everything will actually work out. If you think this project will be big, you can keep your cash in Dai. This makes it possible to quickly purchase other cryptocurrencies with it.

Buying Chainlink: how to invest in Chainlink?

The crypto market is currently experiencing a great deal of growth. This is mainly due to the influx of new investors who all want to make a nice return on their investments. Leaving your money in the bank will not earn you anything. One of the projects that has experienced a lot of growth is Chainlink. If you are thinking about adding Chainlink to your portfolio, but you do not have a good idea about this currency yet, this is no problem. In this article we will show you everything you need to know about investing in Chainlink yourself.

How to buy the Chainlink Token?

Chainlink is a cryptocurrency that wants to make smart contracts more accessible & usable. They try to achieve this by making them work in a decentralized way. In this way, you can be sure that the information on which the contracts work is generated properly. This reduces the chance of an out within a smart contract, making them more usable in practice. Investing in Chainlink can therefore be interesting.

Do you want to buy the Chainlink cryptocurrency? You can do this at a reliable crypto exchange:
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What is Chainlink? – goal of the project

First, we should look at Chainlink’s project. Chainlink is known for having solved the Oracle Problem. The Oracle Problem stems from a problem with smart contracts. These ‘smart contracts’ are immutable and can operate completely independently. This makes them ideal for automating transactions that should actually always go well.

These smart contracts derive their data from “Oracles”. This only creates problems. The smart contracts are only as “smart” as the information fed to them by the oracles. If you stuff a smart contract with bad code, it can cause a wrong transaction. This is also known as the Oracle Problem.This only changed when Chainlink discovered how the information from the Oracles could be collected without causing problems. They managed to do this by creating a special decentralized blockchain that manages to build a bridge between Oracles and smart contracts. The system is built on a collection of individual Nodes that act on their own as smart contracts to collect the information. Instead of having to blindly rely on a source, smart contracts can now access sources that do provide the right information. This ensures that it is impossible for anything to go wrong with the smart contracts.

How does Chainlink work?

Now that you know a bit more about the unique set-up of Chainlink, it is time to look at how it actually works. The technique starts when a smart contract needs data. That smart contract makes a request for information. The Chainlink protocol registers this request as an event and in turn creates a corresponding smart contract. This is also done on the blockchain to obtain all information. The Chainlink SLA Contract generates three sub-contracts: a Chainlink Reputation Contract, a Chainlink Order-Matching Contract, and a Chainlink Aggregating Contract. We have listed these contracts below:

  • Chainlink Reputation Contract – The Chainlink Reputation Contract checks the track record of an Oracle provider to verify its authenticity and performance history. It then evaluates and removes untrusted Nodes. So basically, this ensures that it is no longer possible for incorrect code to appear in smart contracts.
  • Chainlink Order-Matching Contract – The Chainlink Order-Matching Contract delivers the requesting contract’s request to Chainlink Nodes and takes their bids on the request. It then selects the appropriate number and type of Nodes to execute the request. This is actually meant to make the contract possible. You must have the right Nodes to carry out the transactions on the platform.
  • Chainlink Aggregating Contract – The Chainlink Aggregating Contract takes all the data from the chosen oracles and validates it for an accurate result. This can be seen as a final check. The cooperation between these different contracts ensures that all transactions can always be processed correctly. This makes buying Chainlink so appealing.

The special token of Chainlink

Chainlink really is a special project. But the aforementioned goals are not the only ones Chainlink has focused on. It is also true that Chainlink has its own digital currency. This currency is also called the $LINK token. This currency is set up on the Ethereum network. So, this is a bit like the ERC-20 tokens, the tokens you can find at a platform like NEO.The $LINK token is used as a share in meetings about any changes that need to be made. If you would like to invest in Chainlink, you can buy this coin, just like you buy Ether with Ethereum.

ChainlinkInvesting in Chainlink through an exchange

OK, suppose you do decide to invest in Chainlink yourself. Where can you go then? When it comes to investing, you will actually always end up at the exchange. The exchange is the stock exchange where you buy the coins. It is important to always choose a stock exchange with a reliable name. After all, you want to be sure that you can invest in a safe and responsible way.If you choose for an exchange like Bitvavo, it is also possible for you to buy your coins safely. After purchase, you can transfer them to a wallet, or you can just leave them on the exchange itself.

Conclusion – should you invest in Chainlink?

If the community is to be believed, they are really convinced that Chainlink is going to be one of the biggest projects in the future. This might mean that it is a good idea to invest in Chainlink as well. Now there are also people who think Chainlink will not succeed. Should you invest in Chainlink or not? This is really a personal choice to make. It depends entirely on what you think about the team and the project. We are only here to help you on your way.

Buying Basic Attention Token: how to invest?

Investing in crypto currencies is  becoming increasingly popular at the moment. Many people are under the impression that the digital currency is going to become of great importance in the financial world. Basic Attention Token is one of the projects that may sound familiar. Now that it is important to know more about it before you decide to start investing, we have listed the most important information in this article. By reading this article, you too will get a better view on investing in Basic Attention Token!

How to buy Basic Attention Token?

Online advertising works! The Basic Attention Token responds to this by rewarding users for viewing advertisements. This takes away a lot of irritation, since the user now also benefits from advertisements. Investing in Basic Attention Tokens can therefore turn out well.

Do you want to buy the Basic Attention Token? You can do this at a reliable crypto exchange:
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What is BAT – goal of the project

First, we should take a look at what Basic Attention Token is and what you can actually do with it. Basic Attention Token (BAT) is a special cryptocurrency that aims to make digital advertising fairer for both creators and consumers. BAT runs on Ethereum‘s network and is integrated into a custom web browser called Brave, which we’ll show you more about in a moment. BAT can be exchanged between advertisers, publishers and internet users based on their activity on the internet. This is intended to make trading between all three groups just a little easier.

So how does Basic Attention Token work, you ask? Users are rewarded with BAT for watching certain videos. This enables publishers to create higher impact ads. Advertisers can be sure that their message will be viewed by an audience that actually wants to watch that particular ad. The end result is a new kind of digital advertising platform that runs entirely on BAT. Users can keep the BAT but also exchange it for regular money if they wish. With BAT, they can then reward their favourite advertisers or content creators.Online advertising is becoming increasingly popular and BAT is capitalizing on this. This can therefore be a good reason to invest in BAT by buying the cryptocurrency.

Basic Attention Token

The creation of BAT

Anyone who wants to invest in BAT should know what kind of genesis the project has had. BAT was created by Brendan Eich and then further developed by Brave Software. It is important to note that both projects are truly separate.The whole concept of the token is that it aims to eliminate all fraud and intermediaries. The creator of the Basic Attention Token had a clear vision to help customers, advertisers and users. He emphasized the goal of eliminating any inconvenience while using the Internet. Ultimately, he decided to create an ecosystem with the aim of achieving this. The fact that the team truly puts the interests of users first is why, at the moment, many investors want to invest in Basic Attention Token.

Main components of BAT

As we have already briefly shown, BAT uses a special kind of browser to ensure that the entire platform runs properly. Now this is not the only part of the BAT project. To give you a better idea of how it works, we have listed the most important parts of the project for you:
  • Brave Browser – BAT works on a web browser called Brave. This is the browser that was also developed by the team that created the token. Exactly, the team that made investing in BAT possible. Brave is a free browser that can load 3-6 times faster than other browsers. This is made possible by the fact that they only show ads when users choose to see them. Users of the Brave browser can sign up for the Brave Rewards programme. This puts them in BAT for viewing ads. Ads are only enabled if the user chooses to do so.
  • Brave Micropayments Ledger – To follow the movement of BAT, Brave uses the Brave Micropayments Ledger. The idea is that by using the special Brave Micropayments Ledger it is possible for advertisers, publishers and readers to enter into smart contracts. These smart contracts then make it possible to complete transactions much faster on the platform. Brave is investigating the use of zero-knowledge proofs for its blockchain. With this, they are aiming for just a little more anonymity than before. In fact, this technique means that it is no longer possible to find out personal data when making a transaction with the browser.

Conclusion – should you invest in Basic Attention Token?

If you see a future in Basic Attention Token, it would not be a bad idea to buy the coin yourself and to aim for a nice return. Because of the special technique and the years of experience, there is a big chance that the project will appeal to the public. Of course, the question is whether there will not be another project with a similar vision. In the end, it remains a personal choice to make, but with this information, we have already put you on the right track. This will make it a lot easier to make a choice about your investments. 

Buying Ark: How to invest in Ark?

At the moment, there are thousands of different cryptocurrencies you can invest in. Most people are familiar with Ripple or Bitcoin, but there are plenty of other projects that show promising results. One of these projects is Ark. Are you curious about what to expect from the Ark project and whether it is a coin you should invest in? Then read on, we will discuss this cryptocurrency in more detail in this article.

How to buy Ark?

Ark is a blockchain platform that makes it possible to connect different blockchains using the SmartBridge protocol. This allows systems built on Bitcoin and Ethereum to be connected and work with each other. Ark’s platform is user-friendly, which may increase the acceptance of cryptocurrency in the future. This may make it attractive to buy Ark.Do you want to buy the Ark cryptocurrency? You can do this at a reliable crypto exchange:
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What is Ark – goal of the project

First, let’s look at what kind of project Ark is.  One of the main goals of Ark’s project is to bring blockchain technology to the public. They plan to do this by providing simple services that can also be used by non-crypto experts. One way ARK is doing this, is by creating an ecosystem that will allow any individual or company to create their blockchain in minutes. They have focused on as many types of blockchains as possible to ensure that any company can use the project.

siege in Ark

Main components of ARK ecosystem

Ark’s goal is to make blockchains truly accessible to other companies. Now, of course, the question arises of what exactly Ark’s ecosystem looks like. There are several features built into ARK’s ecosystem that will ensure that its goals are met. We have listed these functions below:
  • Smart Bridge – The Smart Bridge concept will be used by ARK to create “bridges” between different blockchains. This makes ARK a kind of intermediary between the blockchains. This ensures that communication between disparate chains is no longer possible. Although other projects are working on a similar function, Ark is the only one that has managed to make it actually work.
  • Different programming languages – as you probably know, there are many languages in the field of programming. The ARK developers were clear in their intention to allow development in as many coding languages as possible. They did this mainly to involve as many software developers as possible in the project. This is the reason why basically all languages known today are supported on the platform. The ARK team promises that they will also include new, lesser known, coding languages.
  • Push Button Deployable Blockchains – this seems like a bit of a difficult term, but it is not. As you can conclude from the name, this feature allows you to easily set up your blockchain at the push of a button. This will allow anyone to easily use the ARK blockchain and create their blockchain project. This is similar to Ethereum‘s platform in many ways, except that Ark does not charge for building.
ARK really takes a different approach and encourages blockchain development. This project gives everyone an instant blockchain-in-a-box that goes beyond the blockchain-as-a-service concept offered by marketplaces like Amazon Web Services and Microsoft Azure. In effect, this means you can actually create your blockchain and you are no longer dependent on other parties. If you choose a service such as Amazon Web Services, you will never actually own your blockchain. With Ark, on the other hand, you can and you will always retain control.

The creation of the project

The ARK blockchain has not existed for very long. In fact, this project was only launched in 2017 by a group of 27 members spread around the world. This means that it is a decentralized team, there is no one who is really in charge. However, it is true that the well-known Thoorens is the most important person on the team. He first worked for Lisk before working on the ARK project.ARK is in many ways similar to Bitshares, Lisk and Crypti, three older projects that also use the Delegated Proof of Stake (dPoS) consensus algorithm. This is a variant of the traditional Proof-of-Stake (PoS) consensus algorithms. This algorithm is important for verifying blocks on the blockchain. All you need to know about it is that Delegated Proof of Stake is faster and better than the standard algorithms.

Conclusion – to invest in Ark or not?

As you could have read in this article, Ark is one of the projects that could become big in the total crypto market. Should this project actually be used on a large scale, it is possible that the price of Ark will go through the roof. However, the question is whether all the objectives will actually be achieved. Whether you should invest in Ark depends entirely on your personal conviction and vision for the crypto market.

Buying Aragon (ANT): how to invest in Aragon?

You are probably aware of the fact that there are many cryptocurrencies you can invest in. These numerous options make it difficult for many people to make a choice. Which cryptocurrency should you really pay attention to? One of the projects that has experienced a lot of growth over the past years and months is Aragon. In this article, we will show you what kind of project Aragon actually is and if it is wise to invest in it. Time to know everything about Aragon!

How can you actively trade in Aragon?

Do you want to actively invest in Aragon? This is possible with an online broker! At an online broker, you can use CFDs to speculate on both falling and rising Aragon prices. At Plus500 you can try trading CFD cryptocurrency with a demo, completely free and risk-free. Use the button below to open an account with Plus500 right away;

How to buy Aragon?

Aragon should make it easier for organizations to develop decentralized applications, even when they lack the explicit knowledge to do so. Aragon also makes it possible to resolve errors in smart contracts and it makes it possible to use arbitration to resolve subjective violations of smart contracts. These updates could make Aragon an interesting cryptocurrency for companies.

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What is Aragon? – goal of the project

Later on, we will elaborate on the future of the project. For now, it is useful to dwell on what Aragon actually is as a crypto project. Aragon is a decentralized app (dApp) on the Ethereum blockchain. With the help of this app, it is possible for anyone to set up or manage a decentralized organization. The project is open source but is led by the Aragon Foundation. Ultimately, the team hopes the project will become a fully decentralized dApp that can be used by anyone.

Now you are probably wondering what this means. Normal organizations have a considerable budget for overhead and administrative functions. When they transact with other organizations, they can spend an enormous amount of money for the total cost. These costs mean that there is less money left over for the things that are essential. Aragon’s goal is to eliminate this problem with decentralized organizations working on a large shared platform.

investing in AragonMarketing blockchain technology

Many companies are interested in the blockchain for conducting transactions. However, there are some obstacles that make it difficult for companies and organizations to take the first step. The biggest obstacle is a lack of expertise. Most companies do not employ blockchain experts. There are also bigger problems associated with blockchain that make organizations a little reluctant. The idea of an immutable ledger can quickly become frightening if errors cannot be quickly corrected. In the case of smart contracts, there is always a chance that bugs will get into the code.Aragon makes it possible to overcome these problems easily. Aragon’s explicit goal is to create a digital shared platform with a kind of shared jurisdiction. Just as countries have jurisdiction over their citizens when it comes to courts, Aragon wants to create the first digital court. This court would not operate on the basis of national borders, but would apply to everyone. The team’s vision is to make it easy for an organization to set up something on the blockchain. Using open-source tools and the security of the Ethereum blockchain is a great goal to pursue.

The team behind Aragon

Aragon is an open source, non-profit project. This means that anyone can work on it, there is no boss to control it. Technically, the project does not have a CEO or CTO. Instead, it started with a project leader. Following the decentralization goals of the project, the project leader stepped down when Aragon One was created.Luis Cuende led the project from the beginning. In 2011, he received a “Best Underage European Programmer” award, and is a recipient of Forbes’ 30 under 30 recognitions. He has advised the Vice President of the European Commission on crypto. He has also set up several start-ups. This shows that they really are a team with a vision.

The token of the Aragon project

A special token is used within the project. This token is called ANT and gives the owner the right to vote on decisions concerning the direction of future development. Through this token there is a real attempt to give the owners and investors more influence in the project. How much voting right you have, depends on how many coins you actually hold. This does not differ much from the normal voting rights of shares. If you want to invest in Aragon, you actually always buy a share in the ANT currency.

Invest in Aragon through an exchange

If you would like to invest in Aragon yourself, you will actually always end up at an exchange. The exchange can be seen as the central trading location for trading the cryptocurrency. It is important to always choose a safe exchange, because this is the only way you can invest money in the crypto market responsibly.Through an exchange like Bitvavo or Plus500 it is possible to invest in Aragon with CFD products. This ensures that you no longer need to store the coins in a wallet, but that you can still invest in the various underlying projects.

Conclusion – should you invest in Aragon?

We think that the information in this article has already helped you understand more about the project and the team behind Aragon. This will give you more insight in the possible goals this company can achieve. Whether it is a good project to invest in, really depends entirely on whether you think Aragon will succeed or not. This is of course the case with every project, it is always the question if the team will deliver on its promises. Looking at the experts, however, we see that they foresee a good future for Aragon.

Buying Cyber Miles: Investing in Cyber Miles

In addition to investing in stocks and bonds, investing in cryptocurrencies is currently extremely popular. This is mainly due to the fact that this market is known for the unprecedented high returns that are achieved from time to time. One of the projects that is on the list of many people is Cyber Miles. Are you curious to know what Cyber Miles is up to and whether it would be wise to invest in it as well? Then make sure to read this article, because today we will discuss it all!

How can you actively trade in CyberMiles?

Do you want to actively invest in CyberMiles? You can do this with an online broker! At an online broker, you can use CFDs to speculate on both declining and increasing prices of CyberMiles. At Plus500 you can try trading CFD cryptocurrency with a demo, completely risk-free. Use the button below to open an account with Plus500 immediately;

How to buy CyberMiles?

Buying CyberMiles can certainly be sensible. The blockchain has many interesting applications for e-commerce and where bitcoin falls short, CyberMiles complements it. CyberMiles allows you to make tens of thousands of transactions per second and its many smart contracts can help e-commerce companies to decentralize their business.

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What is Cyber Miles? – goals of the project

It is useful to start by zooming in on what exactly the Cyber Miles project is. Cyber Miles is a special blockchain-based platform designed to facilitate fast e-commerce transactions. It is a project of 5miles, a well-known e-commerce company from the United States. With Cyber Miles, 5miles hopes to create the protocols and a library of smart contracts for the future of e-commerce. They are trying to make this possible through the use of proof of stake consensus, a unique protocol within crypto.

A unique delegated proof of stake protocol

CyberMiles uses the delegated proof of stake protocol. This makes it a special project compared to others. In a proof of stake protocol, users receive a certain amount of CMT as collateral in exchange for the ability to validate transactions in a new block of the CyberMiles blockchain. EOS is an example of a project that also uses such a protocol. In many ways, Cyber Miles is therefore a competitor to EOS.Also, with delegated proof of stake, the network appoints several ‘witness nodes’ as special parties to help make certain high-level decisions faster without polling the entire network. Although this method does involve some more centralization, it has been proven that Blockchains such as EOS can process 50,000 transactions per second in test mode. This means that Cyber Miles is much faster than Bitcoin, for example. This is where they are trying to make their mark.

Library for smart contracts

A major problem in the field of E-commerce via blockchain is the complexity. In fact, writing a smart contract does not have to be that difficult. However, there are many e-commerce markets that make it far too complex. This is what CyberMiles wants to prevent. CyberMiles’ solution is a library of smart contracts that cover every aspect of blockchain E-commerce. This is a special library that manages to bundle all the smart contracts in a simple manner for faster processing.Many of these contracts are directly between users. However, there is a large area that CyberMiles calls “middleware”. This is all the data in the middle that lets different pieces of code talk to each other. Standardizing and sharing modular smart contracts for every part of the e-commerce experience is one of CyberMiles’ main goals. It is a huge task that will really take a lot of work. However, if the team succeeds, CyberMiles may well become the biggest player in e-commerce.

Using the CMT token

Like many other crypto projects, Cyber Miles has a special token. CMT is the most important token within the company. Like Bitcoin and Ethereum, this currency is paid to those who support the network by validating transactions. To earn CMTs, network participants must perform a certain action. This can include the following:
  • Making purchases or taking out loans
  • Making a payment via the platform
  • Validating and implementing Smart Business Contracts on the network
E-commerce companies can use CyberMiles smart contract infrastructure to launch their own unique tokens within their platform. In many ways you can compare this to the well-known ERC-20 tokens from the Ethereum platform. The special tokens created by e-commerce sites can then be used to purchase goods on the platform itself. If you want to invest in CyberMiles yourself, you will always invest in the CMT token.

Why can investing in CyberMiles be interesting?

Investing in the cryptocurrency CyberMiles can be very intriguing. The blockchain has many useful applications for e-commerce: with the blockchain it is possible to do business with unknown people while being verified. However, the problem with the current blockchain technology is its scalability: the number of transactions per second is too low, which means that you cannot use the technology optimally for a webshop.CyberMiles offers a solution to this problem, as this coin can process ten thousand transactions per second. Moreover, the smart contracts would be widely deployable, which could make CyberMiles very interesting for online shops. Do you have faith in the future of CyberMiles? In that case, it might be interesting to invest in CyberMiles by buying the cryptocurrency.

Store CyberMiles in a special wallet

If, after reading the above, you see an opportunity in CyberMiles, then it is not a bad idea to consider investing in it. If you have bought the coins at your exchange, we advise you to do the following: transfer your coins to a special wallet as soon as possible. This is the only way to be safe from online hackers who want to gain access to your money.The best way to store your investments in CyberMiles is on a hardware wallet such as the Ledger. This hardware wallet can be taken anywhere and looks like a kind of USB flash drive. Because this wallet is not connected to the internet, your money is always safe. You can also choose a software wallet. These wallets can be installed on your computer. With these wallets, you always have more protection than on the exchange itself.

Conclusion – should you invest in CyberMiles?

If we are to believe the proponents of CyberMiles, then the cryptocurrency might be the most chosen blockchain in the field of e-commerce. The question is, of course, whether this is too optimistic. Although the team certainly has a big goal, it remains to be seen whether they can actually achieve it. If you believe this project can grow further, then it is wise to convert a small part of your capital to CyberMiles. Who knows what growth they will achieve!

Buying 0x: How to invest in 0x

Are you considering buying 0x? Understandably, because it is an interesting option. Would you like to know more about what 0x exactly is, how it works and what the predictions are for the future of 0x? In this article we discuss the possibilities of 0x.

How to buy 0x?

0X is a decentralized trading platform that should make it possible in the future to trade all kinds of products much more cheaply. Do you believe in the future of 0x? Then it might be smart to buy the 0x cryptocurrency.Do you want to buy the 0X cryptocurrency? You can do this at a reliable crypto exchange:
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What is 0x?

0x is a cryptocurrency (with the token ZRX) that makes it possible to decentralize exchanges through the so-called ‘Zero Exchange’ protocol. It is built on the basic principles of the Ethereum blockchain and is therefore available for all ERC20 tokens. This may sound a bit technical to you, so we will briefly explain the benefits.The advantage of the 0x protocol is that several exchanges can use it, which reduces the cost per transaction. There is simply a higher volume being traded. The different exchanges, which are built on the 0x protocol, share their liquidity and in this way lower the individual transaction costs by jointly processing a higher trade volume. Twenty small exchanges can thus process the same volume as one large exchange. At the same time, they benefit from the lower costs.The 0x is also similar to the Waves cryptocurrency. However, this cryptocurrency does not specifically cooperate with Ethereum.invest in 0X

How did the 0x come about?

Amir Bandeali and Will Warren founded this project in October 2016. They both believe in a future where everything of value is traded through tokens. Whether it’s shares, artworks, cars, each object can be given its own token. They are then traded on a decentralized network.

How does 0x work in practice?

On an exchange, the ownership of cryptocurrencies is regulated by so-called Smart Contracts. This offers the advantage that you, as the owner, are always in possession of the token instead of an intermediary (such as a bank). When executing transactions of these Smart Contracts, for example when selling a crypto coin, a small transaction fee is charged for the service.Small exchanges have the disadvantage that this fee is often much higher than on a large exchange. This is because these exchanges have a smaller trading volume. 0x circumvents this problem by merging small exchanges and letting it work as one big exchange with a larger trade volume. This way the cost of a transaction is much lower, and it is therefore cheaper to use this exchange.

Blockchain & 0x

The use of Blockchain technology has also been slightly modified by 0x to achieve lower costs. For example, buy and sell orders are placed outside the blockchain. They are only placed on the blockchain when they are executed. This means that the blockchain is less burdened, as fewer data transitions are required. On the other hand, a crypto owner will enjoy having access to a purchase order book.To provide this, 0x has devised ‘relayers’. Relayers are decentralized exchanges that keep track of all buy orders and share information with users such as unexecuted orders. They pay for the services they provide in the ZRX token. In addition, the 0x protocol offers an option to sell tokens directly to individuals at a pre-agreed price. This is regardless of the market price and is also called a ‘point-to-point order’.

Use of ZLX

ZLX is the token belonging to the 0x protocol. As previously mentioned, it is used in transactions within the blockchain to pay for data exchange fees. In addition, the coin is used for control within the protocol. In this way, a major shareholder in ZLX can also steer future plans for the platform. Adaptations and innovations can thus be pushed through and implemented by individuals.There is a total of 1 billion ZLX coins, of which over 500 million are currently in circulation. In January 2021 ZLX will have a value of €0.5186 per token. It has a market cap of almost 400 million USD. The coin is traded in high volumes, which speeds up buying and selling considerably.

Buying ZLX

Buying the ZLX token, which uses the 0X protocol, is simple. You can buy it through most major crypto exchanges. As will be explained below, holding this token is done through a wallet. The 0x system can adapt to many Dapps.Dapps are the software systems behind the Blockchain technology that make it possible to make payments in the form of other cryptocurrencies. 0x is fully committed to making the system easier for users. This means that you can pay with different coins on the 0x platform and that it is not necessary to convert all your tokens to the ZLX coin from 0x itself which is very convenient!

What to watch out for when investing in the ZLX wallet

The ZLX coin, based on the 0x protocol, can be easily held by standard crypto wallets. The hardware wallet is the most suitable for this, as it is equipped with a personal encryption. For the owners of the wallet, this guarantees full ownership of the cryptos in the wallet.Be careful: you have to remember this personal encryption. This wallet is very safe and difficult to hack, but if you forget the encryption, the wallet containing the cryptos becomes worthless. Security and reliability are paramount in the crypto world and 0x is capitalizing on this. They have set up a very reliable system and cleverly solved the problem of low transaction volumes of small exchanges. In this way, the demand of many is met.

Should you invest in 0x?

The future for 0x looks bright. They offer an innovative and secure blockchain protocol that makes it possible to commercialize the technology. It is a decentralized exchange that uses a smart combination of smaller exchanges to reduce transaction costs without compromising on reliability.We never make any statements about blockchain technology with regard to possible future values of coins or protocols. But 0x has already shown that there is a great demand for such technology. Moreover, there is still a lot on the horizon for this platform.It is therefore interesting to look into this and see if it might be a good investment. Always read up on this before you buy this token or similar tokens. This way you can be sure that you are aware of the development and future plans of the platform or the crypto itself.

Buying Aelf: how to invest in Aelf?

With the rise of cryptocurrencies, the rise of the underlying Blockchain technology is also becoming increasingly important. Aelf jumps into this emerging market. In this article you can read how Aelf works.  You can also read the pros & cons to determine if it’s smart to invest in Aelf by buying the coin.

How can you actively invest in Aelf?

Do you want to actively trade in Aelf? This is possible with an online broker! At an online broker, you can use CFD’s to speculate on both falling and rising Aelf prices. At Plus500 you can try trading CFD cryptocurrencies with a demo for free and without risk. Use the button below to open an account with Plus500 immediately:

How to buy Aelf?

You can actually see Aelf as an operating system for the blockchain: you can run dApps (decentralized applications) on it. Due to some improvements, transactions can be executed much faster. This application can make it interesting to buy Aelf, but what is the best way to do this?

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What is Aelf?

Aelf supports blockchain systems that may experience problems for various reasons. It is thus an operating system for blockchain technology.

The idea behind Aelf is focused on the commercialization of blockchain technology and aims to create a network of decentralized cloud computing. The transaction speed of bitcoin is currently one second per 8 BTC. In comparison, a system such as Visa processes over 250,000 transactions per second.Looking at the processing speed, there is clearly still a lot of work to be done to further develop the current blockchain system. This is the only way it can become the financial future. One problem that blockchain faces is the limited scalability.Data is also disaggregated and the whole operates runs on a consensus algorithm. This algorithm checks both sides of a transaction for truths to make the ledger of transactions public. With the right consensus, fraud becomes impossible.

Aelf: how does it work?

Aelf is thus an operating system of blockchain with the aim of commercializing this technology. It is a cloud-based service that allows the use of parallel processes of information sharing. To achieve this, Aelf consists of several chains.

First of all, there is the main chain with some side chains. By using these side chains, the link with the main chain is less heavily loaded. This makes the system as a whole more resistant to large numbers of transactions. In this way it can achieve much better performance than is currently expected from current blockchain technology.It also features an AEDPos consensus mechanism. This means that consensus is reached much more quickly, speeding up the process of posting to the ledger to check all transactions. Thanks to this mechanism, a reliable network is built that communicates directly between the different chains.The main chain of the Aelf network can be seen as the backbone of the system. From here we communicate with all side chains. The side chains can’t communicate with each other, but they can communicate with the main chain. Each industry or currency can have its own side chain to relieve the main chain.For example, with the current Bitcoin value and hype, a chain can be created specifically for Bitcoin. This chain would then be used to trade all transactions of this currency. An entire industry can also have its own chain. In this way, the current possibilities for each chain are efficiently used. This way, the backbone of the system remains unburdened by heavy transaction volumes.investing in Aelf

Aelf token (ELF)

There are up to 1 billion Aelf tokens available that have been issued since 2017. These tokens are divided between different parties. During the launch 250 million tokens were released and other tokens are used for mining. The abbreviation for the coin is ELF, and it falls under the category of Altcoins.The coin is traded on all major exchanges, and it is possible to hold it in an ordinary crypto wallet. In January 2021, the coin will be valued at $0.12. We will not make any statements about the possible future value of Aelf, but the technology being shared now seems promising.The Aelf token is used within the Aelf network to carry out transactions within the chains. Actually, it is a fee that the side chains pay to the main chain for the use of the framework. This makes the system self-sufficient and future-proof.

Why should you buy Aelf (ELF)?

Buying and selling the ELF token (which is linked to the Aelf technology) is possible at many online crypto brokers. The coin can be purchased from every major crypto exchange and is also available in large volumes. In addition, it has become apparent that many large institutional investors have stepped into the ELF. This could indicate a lot of potential value in the future for this coin.The blockchain network being set up here is therefore of great importance. Due to the scalability and security of this blockchain technology, it can help many sectors. Think of financial services, but it can also support the identification of digital identities. In the future, Smart Cities and the rise of ‘Internet of Things’ can also contribute to the growth of the technology.The ELF coin is linked to Ethereum in the sense that they are based on the same protocols. This is the ERC20 standard for smart contracts. ERC means ‘Ethereum Request for Comment’. This standard ensures a secure connection within the system and a reliable network.It also ensures that the consensus, as explained earlier, is implemented as quickly as possible. This can significantly speed up the process of the transaction over and above the protocol that Bitcoin is built on. ELF meets all the requirements of the ERC20. So, you do not need to worry about this when purchasing ELF.

What should you pay attention to when investing in Aelf?

Aelf is working with FBG Capital and Decentraland to build a digital city in the United States. In this city, different blockchain start-ups can cooperate with each other by means of virtual reality. This could provide a solution to problems for all parties by simply walking into each other’s homes online. The name of this city is Crypto Valley.At the moment, it is still difficult for the various companies involved in blockchain and crypto to knock on each other’s door for help. Nor is there any other form of communication. Crypto Valley would therefore be a perfect solution. It would also put Aelf on the map even better.

Should you invest in Aelf?

There have been many predictions about the Aelf exchange rate in the past. Especially within the crypto community and the crypto influencers via social media channels. It is expected that the price will increase in the coming years. But as you know by now, investing in cryptocurrencies comes with risks.If you do want to add Aelf to your investment portfolio, it is wise to invest in Aelf in moderation. Investing in cryptocurrency always remains a bit of a gamble and it is up to you how you deal with it. Aelf is certainly an interesting investment for your portfolio. This way, you can spread your portfolio and maximize your potential price gains.

Buying Steem: how to invest in Steem?

When people think of crypto currencies, they often immediately think of Bitcoins or Ethereum, but there are many other crypto currencies. Steem is one of them, and here we explain exactly how this coin works. The operation of the crypto coin, its advantages and disadvantages, and its future are described. That way, you can immediately determine whether it is interesting to invest in Steem by buying the coin.

How can you actively trade in Steem?

Would you like to actively invest in Steem? This is possible with an online broker! At an online broker, you can use CFDs to speculate on both rising and falling Steem prices. At Plus500 you can try trading CFD cryptocurrencies with a demo, completely free and without risk. Use the button below to open an account with Plus500 immediately:

How to buy Steem?

Unlike many other crypto-currencies, there is no Steem coin scarcity: new coins are added unlimitedly. The coin is linked to a social network where users are paid for sharing high-quality content. As the use of data by social media platforms becomes more and more central, an investment in a coin like Steem can turn out to be a good thing.

Do you want to buy the Steem cryptocurrency? You can do this at a reliable crypto exchange:
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What is Steem?

Steem is an online decentralized platform where people who share content are directly rewarded for his or her contribution. It is not the case that everyone who writes receives Steem coins every day. This reward is based on reader ratings and the popularity of the shared content. In this way, users are financially rewarded for sharing meaningful content.

The reward that is paid out is in the form of a cryptocurrency. The platform makes use of Blockchain technology and the many advantages this offers. The main advantage is the decentralized trading of cryptocurrencies.

How did Steem come about?

Over the past few decades, a lot of money has been made by social media platforms by keeping their content relevant. The moment interesting and popular content is shared, the platform remains relevant to users. This attracts advertisers and that is how the social media company makes a profit.

In contrast, the people who share the content are often not rewarded for their contribution, which is why Steem was created. Steemit ensures that authors are rewarded and paid based on the content rating of other users. This ensures more qualitative and objective content.

Steem: How does it work?

The cryptocurrency around which Steem is built, is publicly traded. It therefore has a price that can be compared to other (crypto) currencies. Due to the fact that the Blockchain is constantly creating new coins, there is a strong form of inflation on the price of Steem. Every year, the number of Steem coins on offer doubles. This causes enormous inflation on the direct value of the coin. These coins are used to reward content creators in the form of SP and SMD described below.

Different values of Steem

The Steemit platform has three currencies, namely the Steem (STEEM), Steem Power (SP) and the Steem Dollar (SMD). This seems complicated, but it is simpler and more logical than it sounds at first. The platform where the cryptocurrency Steem is traded is called STEEMIT. Content creators are rewarded in 50% SP and 50% SMD.

Steem

Like other cryptocurrencies, this currency can be bought and sold on various crypto exchanges. Because more and more new tokens are added, the price of this currency should eventually decrease. However, due to the popularity of the platform, the price has risen lately.

SP

SP, or Steem Power, constitutes value on the Steemit platform, with users of the platform being judged by the amount of SP they hold. As a holder of SP, you not only acquire voting rights on Steemit, but you also pay a dividend on it. For example, every Steem token created by the Blockchain pays a dividend of 9 STEEM to all holders of SP. So in the long run you are rewarded for holding SP from the platform.You’ll have to hold SP for at least 13 weeks, which makes it a long-term investment. The advantage of holding Steem Power for a long time is that the more you possess of this currency, the more authority you have on the Steemit platform. In case of a vote your vote will count more and will be better rewarded.

SMD

SMD, or Steem Dollar, is the part of the currency which only represents value on the Steemit platform. Here 1 SMD is always equal to the value of $1 (US dollar), hence the name. This ratio persists no matter the value of a Stemm token. Interest is paid annually at 10% of the value of the SMD held. This is how users are rewarded for holding liquidity on the platform.

Investing in Steem

As with all financial values, the value of STEEM is based on supply and demand. Thus, the interest in the technology and the use of Steemit together with the aforementioned SMD and SP interests are the basis for the price. Every year the number of STEEM doubles and thus there is a huge inflation on the value of the token. Thus, the value per coin goes down by almost 0.2% per day in the form of purchasing power.For this reason, it is recommended to convert to SMD immediately when buying STEEM to take advantage of the relatively stable dollar exchange rate. Hereby 1 SMD is always worth 1 USD. If the user wants to invest in the STEEM for the long term, it is recommended to hold SP. With such an investment, the user is convinced that the Steemit platform will contribute to the creation of online content in the future.Holding cryptocurrencies is a good option to further diversify your portfolio. Steem is a very suitable option for this purpose. The past decades have shown that social media can be an enormous source of income, and a related token is therefore very interesting for the future.

How to buy VeThor: How can you invest in VeThor?

When the term ‘cryptocurrency’ comes up, most people immediately think of Bitcoin. But there are many other cryptocurrencies. One of these units is the VeThor Token. This article will take a closer look at this coin. We will explain what the VeThor Token entails, what its functions are, and we will also list its advantages and disadvantages.  This way, you can decide whether it is attractive to invest in VeThor by buying the cryptocurrency.

How can you actively trade in VeThor?

Would you like to actively trade in VeThor? This is possible with an online broker! At an online broker, you can use CFDs to bet on both falling and rising Waves prices. At Plus500 you can try CFD trading completely free and risk-free with a demo. Use the button below to open an account with Plus500 immediately:

How to buy VeThor?

Do you want to buy the VeThor cryptocurrency? You can do this at a reliable crypto exchange:

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What is VeThor Token?

VeThor Token (VET) is seen as the fuel for the VeChain Thor (VTHO) blockchain. Every transaction that takes place on the VTHO blockchain consists partly of added transaction costs. These costs are covered by the VeThor Token. Think for example of costs for making payments or sharing data.

VeChain believes that blockchain technology is part of the foundation for future IT generations. AR, AI, VR and 5G are also seen as part of this foundation. With the VeThor Token, they want to boost the effectiveness and authenticity of information exchange. In this way, products and information can be exchanged with increased reliability.An example: large companies lose billions because counterfeit products are offered on the market somewhere else in the world. VeChain wants to tackle this problem by giving the products a unique chip. In this way, a buyer of, for example, a Gucci bag can see whether it is real or fake by simply scanning a code.

How did VeThor originate?

VeThor Token is a part of VeChain. VeChain realizes the capture of authenticity of goods on their blockchain. The platform was founded by Sunny Lu. Lu could not stand the fact that so many counterfeit products are made and sold. The company in question is basically losing money and counterfeit products do nothing for the company’s image. Sunny Lu decided to do something himself to combat this global problem. And he came up with a solution that could be worth quite a bit of money.

VeChain has been in existence since 2015. Since its inception, it has been striving to build a valuable company. Unfortunately, the VeThor price is lower than the reputation of VeChain. This is normal for a currency used to facilitate transactions.

VeThor Token: How does it work?

You can manage VeThor Tokens from wherever you feel comfortable. Through Bitvavo you can get monthly payments for your VeThor tokens. How much is calculated by the following formula:

  • There is a daily check on how many VeChain Thor each Bitvavo user owns. The daily numbers are added up at the end of the month.
  • At the end of each month it will be determined how many VeThor Token have been produced by the VeChain Thor of all Bitvavo users.
  • The VeThor Token produced is distributed evenly among Bitvavo users who hold the VeChain Thor.
The distribution of the VeThor Token takes place on the first Tuesday of the month. It will be credited directly to your Bitvavo account.

What should you watch out for when investing in VeThor Token?

In this article you have been able to read what VeChain stands for and what its purpose is. Now, the bigger VeChain becomes, the better this will be for the price of the VeThor Token. It is therefore anything but disadvantageous to keep track of how VeChain performs on the international markets. The fact that access has been given to the enormous network could mean that large customers approach VeChain. Should this be the case, it will certainly benefit the price of the cryptocurrency.A potential advantage, but also disadvantage, of buying cryptocurrency is that no one knows for sure how things will turn out. It is wise to first realise that predicting the price is not an exact science. So do thorough preliminary research before you decide to invest in VeThor (the same goes for VeChain).

To invest or not to invest in VeThor?

VeChain, the developer of VeThor Token, is engaged in various markets. It has also started a Dapp platform. With this platform, they want to compete with superpowers such as Ethereum and NEO. There are several markets whose performance will affect VeThor Token. This can always be both positive and negative. But for now, the outlook is positive. VeThor is showing itself more and more. For example, VeChain has been chosen by the Chinese government as its technology partner.In short, there is a lot of potential, including good growth potential. If companies start to apply VeThor in their production line, the value may increase. The predictions for the next few years are still fluctuating, but the prospects are positive.It is advisable that you first carefully study the price development of VeThor and that you make a good price analysis. Investing in VeThor is a good opportunity to diversify your current investment portfolio. Make sure you also have traditional investments in your portfolio. This way you maximize your potential price gain and reduce your investment risk.

Buying Waves: how can you invest in Waves?

Waves is a cryptocurrency created by Alexander Ivanov. During the ICO that took place to introduce this crypto currency on the market, 30,000 BTC (bitcoin) were collected. The interest and confidence in the project was therefore enormous from the start. At the time of the ICO, the 30,000 bitcoin raised represented a value of some 15 million dollars. Do you think that the Waves cryptocurrency will also perform well in the future? In that case it may be smart to invest in Waves by buying the coin.

How can you actively invest in Waves?

Would you like to actively invest in Waves? This is possible with an online broker! At an online broker, you can use CFDs to speculate on both rising and falling Waves prices. At Plus500 you can try trading CFD cryptocurrencies completely free and without risk with a demo. Use the button below to open an account with Plus500 immediately;

How to buy Waves?

Waves is a crypto currency with a lot of potential. Waves could in fact be a good replacement for many types of derivatives. If you want to trade bitcoin on the platform, for example, you will receive a so-called wbitcoin which follows the value of the bitcoin one on one. Would you like to invest in the potential of Waves? We will discuss how you can best invest in Waves.Do you want to buy the Waves cryptocurrency? You can do this at a reliable crypto exchange:
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Not just any cryptocurrency

Actually, we are detracting from the value of Waves by merely labelling it as a cryptocurrency. In fact, it is primarily a decentralized platform for developers. Tokens and crypto-currencies can be traded on this platform. Moreover, Waves is also a large exchange with a decentralized character. This is how it distinguishes itself from other parties that are part of the crypto market.To be able to use the decentralized exchange called ‘Waves DEX Platform’ you must of course be in possession of the WAVES token or another cryptocurrency.investing in waves

Advantageous platform for ICOs

Waves is known to be largely focused on creating an interesting environment for ICOs. An ICO or ‘Initial Coin Offering’ is an important step for any blockchain application and any cryptocurrency. By organizing an ICO, funds can be raised to further expand the development and support of the application. Moreover, this money can also be used for marketing.Of course, Waves is not the only platform on which ICOs can be set up. The best-known platform in this area is Ethereum. So why would you want to invest in Waves? Because this platform makes it possible to set up ICOs at much lower costs. That makes this platform incredibly accessible to any developer. Many people who have a good concept for a blockchain project or cryptocurrency never realize it because of the high costs involved in an ICO. The Waves platform changes all that.

The decentralized exchange WavesDex

WavesDex is one of the two components of Waves. It is the decentralized exchange that runs in the Waves-wallet. Within this exchange it is possible to trade WAVES and any other token supported by the platform. These include: In addition to the above cryptocurrencies, the platform also supports so-called fiat transactions. This means that you can trade crypto-currencies with, among others, the US dollar and the British Pound. The special feature of this decentralized exchange is the presence of more than 12,500,000 markets. Moreover, since the launch of the platform, more than 5,000 different tokens have already been added.

Trading at very low transaction costs

Why exactly should you use the WavesDex exchange? Not only because of the large range of markets available, but also because of the low costs involved. Most of the exchanges on the market charge around 1 percent transaction fees on the transaction value. For WavesDex, it charges a fee of 0.003 WAVES for each trade. This is (depending on the exchange rate) really significantly more advantageous and can save you a lot of money.

Waves-NG

The second component of Waves is called Waves-NG. This is the so-called consensus algorithm. It is based on the Bitcoin-NG proposal by Emin Gun Sirer. This system was specifically created to increase the transaction speed of Bitcoin.The limitations that Bitcoin faces are not unique to that cryptocurrency either. Other big names in the crypto market such as Litecoin and Ethereum also suffer from the same problem. For Waves, using the Bitcoin-NG protocol allows it to process significantly more transactions.The implementation of the Bitcoin-NG approach combined with Waves’ proof-of-stake model means that, in theory, hundreds of transactions can be processed per second. This data also makes Waves worth considering buying.

What are the advantages of Waves?

Investing in Waves ensures that you can count on various benefits. The Waves platform is being worked on intensively, which means that the benefits may increase in the future. Some advantages you can count on today as an investor in Waves are:
  • Trades can be executed incredibly cheaply for 0.03 WAVES;
  • With a choice of 12,500,000 markets, Waves is an incredibly versatile and potent exchange;
  • The consensus algorithm that Waves uses ensures that you can perform many transactions per second.
  • The waves cryptocurrency is scarce: there are never more than 100,000,000 coins available.
Do these advantages also appeal to you? Then investing in Waves might also be of interest to you.

What are the disadvantages of Waves?

Of course, there are not only advantages to Waves. At the time of writing, the project still needs quite a bit of work. In particular, the block interval does not yet appear to be sufficiently large. However, this in itself also brings the necessary potential. If the team behind Waves succeeds in solving this problem with a view to the future, this could potentially lead to additional interesting added value. This could then be a good reason to invest in the Waves cryptocurrency.

Buying Tezos: how can you invest in Tezos?

Tezos (XTZ) is a cryptocurrency that aims to surpass the well-known Ethereum. In 2017, Tezos was introduced to the crypto market and soon this cryptocurrency won a lot of trust from all kinds of traders. However, due to various technical problems, Tezos remained under the radar for a while. Nowadays, all these technical problems have been resolved and Tezos is trying to make its way back into the crypto market.

How to buy Tezos?

As a (new) trader you may wonder whether it is wise to start trading Tezos. That’s why we have made a handy overview with the most important information about Tezos in this article. Tezos is unique in that users themselves can decide on the future of the cryptocurrency. This democratic element can make it interesting to buy Tezos.

Do you want to buy the Tezos cryptocurrency? You can do this at a reliable crypto exchange:
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What is Tezos?

Tezos is a blockchain network connected to a digital token. This digital token is known as tezzie or Tez. The blockchain is decentralized. This means that there is no central place where the system is controlled and there is no central person who controls the system.

Tezos is a cryptocurrency which is fully adapted to the future by means of convenient Smart Contracts. During the development of these Smart Contracts, it was decided to make use of formal verification. This form of verification ensures optimal security and correctness, as it can mathematically prove the correctness of the code.The Tezos blockchain also contains a built-in Consensus System that avoids conflicts over the development of the network. In this way, they ensure that the Tezos grows as a unit and that there are no splits.Tezos

How did Tezos come about?

The well-known cryptocurrencies, such as Bitcoin and Ethereum, are highly centralized. This means that the decision-making for the development and design of these cryptocurrencies is largely in the hands of special development teams and various miners. As a result, the blockchains of these cryptocurrencies were not very flexible.Whenever there was disagreement between the development teams, they often decided to split off and continue working on a new cryptocurrency of their own, where they could work according to their ideas. However, because of these splits, the original cryptocurrency could not develop any further. The creators of the Tezos wanted to prevent this. As a result, they chose to develop a decentralized blockchain where the decision-making process is in the hands of the users.

Investing in Tezos

There are a number of rules that users must adhere to. When they do so successfully, they can approve or reject upgrades or changes to the Tezos network. This more democratic approach encourages users to participate in the development and upgrading of the network, making it much more effective than a centralized cryptocurrency like Bitcoin.

What are the functions of Tezos?

The well-known cryptocurrencies like Bitcoin are known for being possible replacements for ‘real money’ like the pound or the US dollar. Unfortunately, Tezos is not yet a replacement for this kind of money. Therefore, Tezos or TXZ tokens are mainly bought by project backers and traders, who have confidence in the project and express this confidence by investing in the project.

Investing in Tezos

Most traders in the Tezos are only looking for ways to make money in the short term or in the long term. The function of Tezos is mainly to keep the blockchain running and not so much to become a true alternative currency. Tezos coins are called Tezzies and can be used to hold an ICO or to make micro payments on the network. Of course, owning Tezos also means that you can vote on the development of this blockchain.

What are the benefits of Tezos?

The first advantage of Tezos is that this blockchain is a self-modifying one. Therefore, there is no need for a centralized location or team to make changes or upgrades to the system. This reduces the risk of fragmentation of this blockchain and allows the rewards for users to be adjusted.Secondly, Tezos offers users a systematic and organised way to reach consensus on changes and upgrades in the chain. The so-called election cycle ensures that every user on the blockchain can participate in the management of the network. This will enhance the improvement of the network.

Reward for changes

The third advantage of Tezos is its reward system. With a decentralized blockchain, it is especially important that individuals get motivated to contribute to the development of the platform. For this, Tezos uses a convenient reward system where acceptance of a proposal ensures that a reward is available for its developers. After all, there are often costs associated with the changes proposed by developers, and it is of course nice if these finances become available upon acceptance of a proposal. In this way, more and more ideas are proposed, which benefits the development of the Tezos.Fourth, the combination of formal authentication and smart contracts ensures that there is enhanced security for applications. Also, this mechanism can easily detect and resolve problems, so any problems will not have much impact.The final benefit of Tezos is the so-called Proof of Stake (PoS) protocol, which is used to build consensus for any blockchain developments. Every user can be part of this protocol and gets a direct reward for contributing to the development of the network’s security. The entry requirements are low, making participation in the PoS protocol straightforward.

What are the disadvantages of Tezos?

There have been technical problems in the past that have made Tezos less popular. This was mainly due to the fact that these problems could be avoided around the ICO.Apart from this carelessness, there are a number of other drawbacks to Tezos. Many people find Tezos’ intentions rather ambitious. Tezos wants to compete with Ethereum. Ethereum is a giant on the current crypto market, which makes it seem an impossible battle for Tezos.So Tezos will really have to prove itself on the crypto market before it can become even more successful than Ethereum. The main reason to be suspicious of Tezos is surely the fraud scandal that has occurred in the past. In 2019, Tezos achieved the highest amount ever raised (at the time) in an ICO.However, soon after this success, Tezos was sued for securities fraud. As a result, many traders and investors lost their confidence in this cryptocurrency. Time will tell if Tezos can regain this trust. Do you have faith in Tezos? In that case, it may be interesting to invest in Tezos by buying the cryptocurrency.

What should you watch out for when trading Tezos?

When trading Tezos, it is important that you are aware that it is not possible to be completely anonymous. Your public addresses and transactions are quite anonymous, but you will always leave a digital fingerprint when trading Tezos, which means that a knowledgeable individual or government agency will be able to trace the available information back to you.You will also have to enter personal details during verification when buying XTZ tokens. When trading Tezos, it is also important to know that Tezos has no roadmap. Due to many problems in the past, Tezos is running behind schedule, which means there is no accurate roadmap available for this cryptocurrency. So, it remains to be seen what the plans are for Tezos in the future.

Buying Tezos

Investors looking to purchase Tezos should also be aware of the fact that Tezos are stored in customized wallets that other digital currencies may not use. For a seamless transaction, you will need to set up your wallet before purchasing Tezos.In addition, you as a potential Tezos investor or trader will also be able to buy Tezos without verification. This kind of trading often takes place on open marketplaces. However, as a Tezos trader, you should take care when you come across these plausible offers. Often, these are stolen and tainted crypto, which can put you at risk as a trader. If you start trading with this type of crypto, you run the risk of being traced and then lose all your Tezos or even face criminal charges.It is therefore important as a Tezos trade to make sure that you obtain your Tezos via safe and trusted transactions that take place with verification. This way you, as a trader, don’t have to be afraid of the law. Finally, Tezos uses a special reward system where you receive extra rewards if you store your tokens in special wallets unused for a certain period of time.If you decide to trade in Tezos instead of investing, you will miss out on these extra rewards. It is therefore important to make a good consideration between the returns you receive when you start trading in Tezos and the returns you receive when you decide to invest in Tezos for a longer period of time.

Buying Zilliqa: how to invest in Zilliqa?

Are you considering buying Zilliqa? This is certainly an interesting choice. Zilliqa is in fact the first blockchain cryptocurrency to benefit from the advantages of sharding. Its scalability makes it a compelling and fascinating crypto project. Are you curious about what Zilliqa exactly is, what its functions are and what its advantages and disadvantages are? In this article we will answer those questions!

How can you actively trade in Zilliqa?

Do you want to actively trade in Zilliqa cryptocurrencies? This is possible with an online broker! At an online broker, you can use CFDs to speculate on both falling and rising Zilliqa prices. At Plus500 you can try CFD trading completely free and risk-free with a demo. Use the button below to open an account at Plus500 instantly:

How to buy Zilliqa?

Do you want to buy the Zilliqa cryptocurrency? You can do this at a reliable crypto exchange:
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What is Zilliqa?

Zilliqa is a public, permissionless blockchain platform that focuses on the scalability and speed of blockchain. The crypo coin has the ambition to offer high throughput with the ability to process thousands of transactions per second. Zilliqa has much better scalability than Ethereum, for example.Zilliqa has the potential to offer the highest data throughput of any existing blockchain. This means that the Zilliqa network will always be fast, reliable and cheap, no matter how many people use it. More importantly, this will not be at the expense of decentralization. The platform offers numerous decentralized applications.

How did the Zilliqa crypto coin originate?

Zilliqa was born from the idea of sharding. Sharding was further developed and this eventually led to Zilliqa’s ICO. This raised 22 million USD. Officially, Zilliqa has its origins in June 2017. The test network went live about a year later in March 2018. A year and a few months on, the platform launched the mainnet in June 2019.

What are the goals of Zilliqa?

Zilliqa aims to make the blockchain scalable by means of “sharding”. In sharding, the work is not done by all the nodes individually, but is done in groups. A node is an individual computer that participates in the blockchain network. A node checks the reliability of a transaction. This makes it possible to make payments for and with cryptocurrency anonymous and secure.

How does sharding work?

Imagine a network consisting of 600 different nodes and four transactions being made on this network. In a traditional blockchain, each node, so 600 in total, would check all four of these transactions. In the case of sharding, this work is distributed.It may be that the first 150 nodes check the first transaction, the other 150 nodes check the second transaction, the third group of 150 nodes check the third transaction and the last group checks the fourth transaction. In this case, the network is divided into 4 “shards”. Thus, they finish four times faster.Every time a shard has validated a transaction, it is packed into a block. Via a protocol, this block is added to the blockchain. As the blockchain grows, more nodes and groups are added. When a Zilliqa’s blockchain grows, the speed of the transaction will increase. The more groups, the greater the transaction capacity.Sharding is an interesting technique that can make Zilliqa an extra interesting investment. Before investing in Zilliqa, research the pros & cons of investing in this cryptocurrency.

What are the advantages of Zilliqa cryptocoin?

There are many advantages to Zilliqa. It can therefore be interesting to invest in the Zilliqa cryptocurrency. We have listed the main advantages for you below.
  • What makes Zilliqa unique is that its blockchain uses the new protocol called “Sharding”.
  • The more nodes used on the network, the faster the transactions.
  • Scalability does not come at the expense of full decentralization.
  • Currently, it is the fastest and most scalable blockchain.
  • Linear scaling ensures constant and low-energy costs.
  • Zilliqa offers optimum transparency, security, immutability and affordability at the highest speed.

What are the disadvantages of Zilliqa?

  • Strength as a weakness: If we look at the strength of Zilliqa (currently the fastest and most scalable blockchain), it can also become a weakness. This is because it creates considerable reputational pressure. As soon as a better option comes along, Zilliqa’s popularity could be over pretty quickly.
  • Lack of good marketers: the current management team consists of people with excellent programming knowledge. However, there is still a lack of good marketers. It may be that the technology will sell itself. This was also the case with NANO, for example. Nevertheless, in the current crypto market, where there are many innovative and promising projects, it is important to make yourself heard regularly.
  • The planned adoption of sharding technology by Ethereum: Once this happens, Zilliqa will no longer be the only party focused on solving the scalability problem.

What should you look out for when investing in Zilliqa?

After its launch in June 2018, the Zilliqa price went up and down significantly. After having had a rather flat price for a while, the price increased in value by almost 200% in 30 days in 2020. Strong fluctuations make it interesting to keep an eye on the cryptocurrency. The price is still quite volatile.If you want to invest in Zilliqa, it is definitely a good option for a long-term investment. If you want to invest in Zilliqa for the short term and intend to profit from the fluctuations in its price, then this is possible by speculating on a rise or fall.

To invest in Zilliqa or not?

It is certainly interesting to invest in Zilliqa in moderation and thus diversify your portfolio. Zilliqa’s unique features may cause the price to rise further in the future. But as with any investment, investing comes with risks.It is wise to first familiarize yourself with the price development of the bitcoin price and make a good price analysis. In addition, draw up an investment strategy for yourself, as you would do with a traditional investment. This way you can maximize your potential price gains and reduce your investment risk.

Buying Verge: How to invest in Verge?

Although most people think of Bitcoin when they hear the term cryptocurrency, there are of course many other crypto coins. One of the well-known cryptocurrencies that has a promising future is Verge. Due to the excellent returns, investing in Verge is certainly not a bad idea. Are you curious why buying Verge can be such a good idea? And do you know what kind of project Verge is? Read on, we will show you all about it in this article!

How can you actively invest in Verge?

Do you want to actively invest in Verge cryptocurrencies? This is possible with an online broker! At an online broker, you can use CFDs to trade on both falling and rising Verge prices. At Plus500 you can try trading CFD cryptocurrency with a demo, completely free and risk-free. Use the button below to open an account with Plus500 immediately;

How to buy Verge?

Do you want to buy the Verge cryptocurrency? You can do this at a reliable crypto exchange:

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What is Verge – what kind of currency is it?

Verge has become known as a crypto-currency that is fully committed to maximizing online anonymity. The project runs on an open-source blockchain, which can be compared to the Bitcoin blockchain. The Blockchain is a kind of ledger where all transactions are listed. This ledger makes fraud virtually impossible and makes banks superfluous.

Apart from the fact that Verge runs on a similar Blockchain, there are several similarities with Bitcoin itself. Like Bitcoin, Verge is a digital currency that can be used to buy things online. What makes Verge special is that the IP addresses change every time a transaction is made over the network. The result? No one can see who is behind the transaction, you are completely anonymous.

The purpose of Verge

The goal behind Verge is to create a Blockchain that runs according to the Bitcoin concept, but adds a little more privacy for its users. However, it can do more than this. In fact, Verge will also be using a smart contract platform called Rootstock. This platform makes it possible to realize over 400 transactions per second. Although this platform is not yet active, it will be implemented in the future.Before Verge was known by this name, it was known as DogecoinDark. This name, of course, refers to the well-known Dogecoin, a cryptocurrency that is particularly known for the satirical approach of the team. In 2016, the creators decided to rename the coin to Verge. Today, you can buy the coin under the special code XVG. Verge can be traded on most well-known exchanges.

The special Wraith Protocol

One of the components that makes investing in Verge so interesting is that Verge uses the Wraith Protocol. This special protocol ensures that users can choose whether they want a transparent transaction or not. In other words, if the user does not want to be known, they do not have to be. If the user wants to remain anonymous, a private ledger ensures that all personal data is protected.The Blockchain then only shows how much has been transferred, not to whom. In the case of a public transaction, however, the personal details are known. What is special is that as a user, you can quickly and easily indicate on whether you want to use the Wraith Protocol or not. This additional function can make investing in the Verge cryptocurrency even more interesting.

Investing in Verge – smart or not?

Verge has experienced a steady growth over the past few months. This growth has ensured that many people would also like to invest in Verge. The special thing about Verge is that it has an enormous potential to break through into the top 10 cryptocurrencies. At this moment, Verge is seen as one of the best privacy coins of the moment.This has therefore caused the price to really rise considerably. When the coin was first launched, it was trading at 0.00003 cents. A few years later, this was already 0.20 cents, a huge return compared to some other crypto projects. Although the price is relatively stable at the moment, there is a good chance that it will continue to rise.

Risks of investing in Verge

It is important to note that there are risks associated with investing in Verge. This is mainly due to the fact that a privacy-coin like Verge is susceptible to regulation by the government. The government is not really keen on everyone being able to conduct transactions anonymously via the internet.The reason given, of course, is that this could encourage criminal transactions. Although governments are currently quite open towards crypto-currencies, this need not always remain the case. If a large government such as the US government decides to ban privacy coins, this could have a major impact on the price.

Store Verge in a special wallet

If you have decided to invest in Verge, it is essential to protect your coins. The best way to keep full control over your coins is to create a wallet. At this moment it is possible to use four different kinds of wallets. You can choose for a regular paper wallet, but these are rather vulnerable.It is therefore better to choose a software or a hardware wallet. We advise you not to leave your coins in an exchange wallet. This is wise because exchanges are unfortunately sometimes hacked. If this happens, in many cases you can forget about your money. If you still have your coins on an exchange, you can fortunately easily transfer them to a software wallet. At a site like Bitvavo, you can also store your Verge crypto coins extra safe by using the extra security options.

Conclusion – should you invest in Verge?

Whether you should invest in Verge depends entirely on how much risk you are willing to take and what your future vision of the market is. If you think that privacy coins will play an important role in international payment transactions, then investing in Verge is not a bad idea. However, if you think that the government is planning to restrict the coins at some point, then it would be better to invest in a slightly less risky currency such as Bitcoin.

It is wise to spread your investments over several altcoins anyway: that way, you avoid losing a large part of your investment if Verge performs less well.

Buy Ontology Gas: How to invest in Ontology Gas?

If you want to invest in cryptocurrencies, you will have to think about the coins you choose. Since there are almost thousands of options to choose from, it is useful to make a selection. One of the coins you can choose to invest in is Ontology Gas. Are you wondering if investing in Ontology Gas is smart? Do you want to know what the connection of Ontology Gas with  Ontology is? Then read on; in this article you can read all about it!

How can you actively trade in Ontology Gas?

Do you want to actively trade in Ontology Gas? You can do this with an online broker! At an online broker, you can use CFD’s to speculate on both rising and falling prices of Ontology Gas. At Plus500 you can try trading CFD cryptocurrency with a demo, completely free and risk-free. Use the button below to open an account with Plus500 immediately;

How to buy Ontology Gas?

Do you want to buy the Ontology Gas cryptocurrency? You can do this at a reliable crypto exchange:

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The dedicated Ontology platform

To see what Ontology Gas does, it is necessary to take a brief look at Ontology itself. Ontology is a platform designed by the creators of NEO, the well-known Chinese crypto-currency. With Ontology’s platform, the team hopes they can make the technology behind Blockchain accessible to all types of businesses. By encouraging companies to set up their blockchain and create their tokens, they are trying to achieve large-scale adoption.Ontology makes it possible to send data anonymously to a third party using a public blockchain. This blockchain ensures that it is no longer necessary to send all kinds of data. A kind of digital signature is enough to verify transactions or execute smart contracts. In our other article, we will show you much more about how the special Ontology platform works.

What is Ontology Gas – goals of the tokens

Ontology makes use of a so-called Dual token. This is also referred to as the ONT and ONG model. ONT is the token that can be used for consensus deployment. ONG is the special token used for on-chain services. Since the Ontology MainNet went live on June 30, 2018, MainNet ONT has started releasing ONG periodically.When Ontology MainNet becomes truly active, ONT will periodically distribute ONG. The main function of this token is to reward and motivate the users of the platform, but this is not its only function, as the token is also used as ‘chain currency’. You get more ONG tokens if you have more ONT tokens in your possession. If you have an official ONT-wallet, you will get your ONG every day at a certain time. If you have them on an exchange, you’ll get the reward monthly.

Rewarding the users

So ONG can basically be seen as the reward for the work of the users. When a company brings a new blockchain to the platform, Ontology rewards it in the form of an ONG. This ensures that users are incentivized to continue working together. The platform accepts both private and public blockchains. The more blockchains that are added to the platform, the higher the reward for the amount of ONG.This platform has three fundamental protocols for its operation. These are ONT ID with the digital identity. The second process is ONT Data, which is a special process for data exchange and smart contract management. Finally, there is ONT Scores for credit evaluation and logistics. These processes keep Ontology’s platform running smoothly. ONG is a kind of lubricant to keep this platform working properly, so it’s really closely linked to Ontology itself.

Distribution of ONT and ONG

The maximum supply of ONT is 1,000,000,000 and each ONT is indivisible. The maximum supply of the corresponding ONG is 1,000,000,000 and is divisible to nine decimal places. The number of unbound ONG is determined by the time interval and the number of ONT held. There is an important rule for disbursing and releasing ONG. This is as follows: 1 ONG is released every second when a new block is generated.All ONG will be released in about 18 years, after which no more ONG will be released. When the coins are all released, a certain form of scarcity will arise. This scarcity is very useful for your investments. As more people start using ONG, the price will also rise further. This may result in a high return, although the question is whether the objectives will all be realized.

Ontology Gas stored in special wallet

One mistake many beginners make when they first start investing in Ontology Gas is to leave the coins on the exchange. This is possible if you want to sell them quickly, but it isn’t very useful for long-term investments. It is a fact that an exchange can be hacked, something that unfortunately has happened in the past. Therefore, it is wise to always put your coins on a special wallet.If you want to keep your Ontology Gas safe, it is advisable to choose either a hardware or a software wallet. These are still the two most secure options at this moment. With a hardware wallet such as a Ledger, you are slightly better protected, but this option does cost some money. A software wallet, on the other hand, can easily be installed on a computer. Most software wallets can be installed for free.

Conclusion – should you invest in Ontology Gas?

The information in this article has made it possible for you to get a better idea about whether to invest in Ontology Gas. Whether you should invest in it yourself is really a personal choice to make. If you think Ontology will perform well, it’s logical to invest in Ontology Gas. If you think another project will take home the profit, then it is better to choose the other crypto-currencies on the market.

Buying Waltonchain: how to invest in Waltonchain?

Chances are that you would also like to invest in cryptocurrencies, because you have come here for a reason. If you are interested in altcoins, it is wise to consider Waltonchain for your investments. Now that not everyone knows what Waltonchain is and what its main advantages are, it is time to go into this in more detail. Time to show you everything you need to know about investing in Waltonchain!

How to buy Waltonchain?

Waltonchain is a crypto currency that is well suited to tracking logistical routes. The Waltonchain enables producers to keep track of their products, while the data storage is decentralised and secure. This makes the Waltonchain an excellent tool for combating counterfeit products.Do you want to buy the Waltonchain crypto currency? You can do this with a reliable crypto exchange:
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What is Waltonchain – goals of the project

Before we look at the advantages of Waltonchain, it is useful to briefly zoom in on the project itself. Waltonchain combines blockchain with a special kind of RFID to create a management system for supply chains. The project is named after Charlie Walton, the famous inventor of RFID technology. Waltonchain uses RFID identification to track products through every step of production and distribution. The data for each item is stored on a fixed blockchain that keeps track of everything.Waltoncoins (WTCs) are the primary currency in the Walton ecosystem. 100 million WTCs have been issued and, like Bitcoin, no new WTCs will be created. WTC is used as a transaction currency to carry out activities outside the main chain through byte fees. This is done to make it easier for the sub-chains to cooperate.

The advent of Value Internet of Things

Waltonchain has become particularly big with its special concept called Value Internet of Things. The Value Internet of Things is used to describe their own RFID chips with special blockchain technology. Using RFID tags, blockchains can now store physical items (or at least their data representation) on the chain. RFID (radio frequency identification) tags use electromagnetic fields to identify objects. They are widely used in the inventory of goods.Waltonchain makes it possible to map out all the information you could possibly need with a simple RFID tag. This includes information about where the product is, where it has been, who handled it and other important data. All data is stored on the Blockchain and cannot be falsified. This really makes it a lot safer than regular forms of inventory.Waltonchain siege

The overarching Walton ecosystem

It is important to take a look at the Walton ecosystem. Waltonchain is the name for the parent chain in the Walton ecosystem. This chain tracks Waltoncoin (WTC) transactions, manages sub-chains and executes smart contracts, among other things. Anyone using Waltonchain technology can create their own sub-chain to have personal tokens at their disposal. In addition, he can choose a consensus algorithm that differs from the parent chain.Separating the network into overarching Waltonchain and sub-chains brings several advantages. The first is that any company using the technology can adapt a blockchain to their specific business needs. They are not tied to the protocol or network activity of the main chain. On top of that, it helps with performance such as network scale. Because most of the data is in a company’s sub-chain, their activity will not bog down the entire network.

Is it smart to invest in Waltonchain?

A question many people have is whether it is smart to invest in Waltonchain. It is important to know that Waltonchain is currently classified as an ERC20 token. However, this will soon change. For now, you can store your WTC in any wallet that supports ERC20 tokens. However, this has meant that Waltonchain is not always taken seriously, as it is a dependent project.In addition, it is questionable whether Waltonchain will succeed. Although the idea behind Waltonchain is strong, putting it into practice will not be particularly easy. It is also true that not all consumers are waiting for a large blockchain on which all information about the product can be found. Other people could use the blockchain to see which products you bought; this would not be good for the privacy of the users.

Store Waltonchain in special wallet

Investing in Waltonchain can be wise. If you have got hold of some Waltonchain tokens and you want to make sure they are kept safe, it is handy to create a wallet. Without a wallet, you never have control over your coins. After all, these are on the website of the exchange. Only with a good wallet you know for sure that you can secure your assets against hackers and other strange people who are after your money.Which wallets exist, you may ask? The easiest way is to install a software wallet on your computer. With this offline wallet, you can be sure that people can’t just steal your coins. If you really want the best protection possible and if you have invested a bit more, it is convenient to choose a hardware wallet. These wallets resemble a USB flash drive and store your coins completely offline. Well-known providers of hardware wallets include Ledger and Tezos. Make sure your wallet supports the ERC-20 tokens.

Conclusion – should you invest in Waltonchain?

This article has shown you what Waltonchain actually is and what exactly you can do with it. Whether it is wise to invest in Waltonchain depends entirely on your vision of the future of the crypto market. If you think Waltonchain will bring many benefits, it is certainly a wise altcoin to include in your portfolio. However, if you think that the vision is too hard to achieve for the team, then it is better to leave this cryptocurrency aside.

Buying Vertcoin: How to Invest in Vertcoin?

Cryptocurrency is here to stay. The unprecedented growth that the market has experienced shows that many investors are interested in the various types of coins. One of the coins you may not know much about is Vertcoin. Since this project is very promising, it is useful to take a closer look at it. By reading this article you will know in no time if investing in Vertcoin is for you or not.

How can you actively trade in Vertocin?

Would you like to actively trade in Vertcoin? You can do this with an online broker! At an online broker, you can use CFDs to speculate on both falling and rising GAS prices. At Plus500 you can try trading CFD cryptocurrency with a demo, completely free and risk-free. Use the button below to open an account with Plus500 immediately:

How to buy Vertcoin?

Vertcoin wants mining to be attractive to individuals as well. By eliminating expensive ASIC processors, everyone can benefit from mining the coins. In addition, transactions can be conducted faster with Vertcoin compared to Bitcoin.Do you want to buy the Vertocin cryptocurrency? You can do this with a reliable crypto exchange:
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What is Vertcoin? – goals of the project

Vertcoin first became tradable in 2014. The project was conceived to compete with previous blockchains such as Bitcoin. It is a cryptocurrency that allows people to send and receive coins to each other, without needing a third party to verify transactions. A key difference with Bitcoin is that Vertcoin confirms transactions in just 2.5 minutes while Bitcoin easily takes 10 minutes.Vertcoin has even more differences compared to a currency like Bitcoin. Unlike Bitcoin, it is no longer possible to use ASIC hardware devices for mining. This allows people to use their GPUs instead. This gives everyone a chance to participate in the project. Normally, the people with ASIC devices make most money with mining cryptocurrencies. Vertcoin would like to change this.

ASIC protection – how does it work?

The algorithm is specifically designed to prevent the big companies from using any kind of ASIC hardware to control the blockchain. This means that miners can compete fairly and transactions are accurately validated by a distributed network. This is also the main advantage of Vertcoin. The team has publicly stated that the algorithm will turn into a hard fork if things go badly and ASIC would ever be allowed.

The Special Vertcoin 1-Click Miner

In addition to the ASIC resistance, Vertcoin has a number of other advantages over other projects. One of the most important advantages is the Vertcoin 1-Click Miner. This application allows virtually anyone to get into Vertcoin mining and generate Vertcoin for themselves. The app can be downloaded directly from Vertcoin’s official GitHub repository. Once installed, all you need to do is enter your wallet address where your rewards for mining can be transferred to. The Vertcoin address should always start with a V and contain between 26-36 alphanumeric characters. The rest of the process is simple.All you have to do is join a mining pool and choose whether you are going to use a GPU or CPU for mining. If you would like to mine Vertcoin yourself, then you should definitely install this app. MobileCash and Unitus are two coins which can be merged with Vertcoin. This feature allows miners to mine more than one blockchain at a time. In fact, each hash that a mine submits contributes to the total hash rate of both currencies.Vertcoin investing

Price of the currency – is it smart to invest in Vertcoin?

When the VTC coin first hit the market in May 2014, the price really soared. The price reached the $5 per coin mark. However, over the course of the next three months, it quickly went all the way down to $0.091. In recent years, the price has remained fairly constant and has not actually fluctuated extremely much. Indeed, with the exception of the rise in 2017, during the bull market, the price briefly rose to the $10 mark.Although the entire cryptocurrency industry experiences large price movements, it appears that Vertcoin has experienced a very high degree of volatility. This makes it a difficult currency to invest in. It is true, however, that the current low price means you can buy a lot of Vertcoin for a relatively low price. However, it is not clear whether the price will rise again or whether it will remain like this for the foreseeable future.Do you like to actively speculate on price increases & decreases? Then investing in Vertcoin is definitely an interesting option!

Storing Vertcoin in a Dedicated Wallet

Investing in Vertcoin is one thing, storing the coins is another. Contrary to popular belief it is not wise to leave your Vertcoin tokens on your exchange account. This is much riskier than you might think. Unfortunately, exchanges can be hacked. If this happens, then there is a large chance that you will lose your coins forever, because the exchange does not always refund them.To ensure that your Vertcoin coins are at least safe it is useful to choose a good wallet. A hardware wallet such as a Ledger is the safest option to choose. Although these wallets are costly, they offer optimal protection. If you do not have the budget for this, you can always choose a software wallet. This is a special wallet which you can easily install on your computer. Here your coins will be stored offline.

Conclusion – to invest in Vertcoin or not

If you see a future in mining cryptocurrency then Vertcoin is definitely a project you could consider. Due to the special ASIC protection it is a unique currency unlike, for example, Bitcoin. The question is if mining will still be necessary in the future or if there will be new projects which will make this obsolete. So, whether you should invest Vertcoin really depends entirely on what you envision for the future crypto market.

Buying Ontology: how can you invest in Ontology?

If you would like to invest in cryptocurrencies yourself, you are certainly not the only one. The prices of almost all coins are rising considerably lately. One of the coins that is being mentioned more and more on internet forums is of course Ontology. Would you like to know what Ontology is and what the reasons are for investing in this coin? Then read this article carefully, because you can find all the information you need on this page.

How can you actively trade in Ontology?

Do you want to actively trade in Ontology? You can do so with an online broker! At an online broker, you can use CFDs to speculate on both falling and rising GAS prices. At Plus500 you can try trading CFD cryptocurrencies completely free and without risk with a demo. Use the button below to open an account with Plus500 immediately;

How to buy Ontology?

If you believe in the future of NEO, it may also be interesting to buy Ontology. The cryptocurrency Ontology is used to connect existing systems with the NEO blockchain.

Do you want to buy the Ontology cryptocurrency? You can do this with a reliable crypto exchange:
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What is Ontology? – goals of the project

First, let’s look at the origins and goals of the project. The Ontology project was founded in 2017 by a Chinese company called OnChain. This is a company led by founders Erik Zhang and Da HongFei. You may have heard of them: these are indeed the inventors behind the NEO blockchain. As you might know, this project is one of the biggest projects you can find on the overall crypto market today.

You can actually think of Ontology as a platform for companies who would like to use blockchain to improve their business, without having to completely change all their current systems. This makes it a perfect platform for companies that really have no knowledge when it comes to the technology behind blockchain. One particular feature of this project is that they did not hold an Ontology ICO. Instead, they gave away their coins for free to various people with air drops.

How does Ontology work?

The blockchain behind Ontology is a public blockchain that was created specifically to meet the needs of business customers. These are people who have a need for privacy and do not like to send personal data to a private blockchain. This makes Ontology a BaaS (blockchain-as-a-service) platform. Ontology attempts to allow business users to take advantage of the decentralized and distributed nature of the blockchain in a simple manner.Ontology customers can take advantage of many options on the platform itself. These include ID management, smart contracts, a decentralized exchange and the ability to create their own digital assets and applications that can be hosted on the Ontology dApp platform. These options make it possible for all kinds of companies to tap into the blockchain, even the relatively small ones.Ontology

Meet the Ontology Trust Anchors

If you intend to share your identity with someone else, it is not necessary to provide all your details at Ontology. All you have to do is provide proof of your identity. This is actually similar to a notarial signature for a notarial document. In this case, you only provide the “signature” and not the documents. This makes it different from a normal identity document as we know it in the Netherlands.Proof or verification is provided by Ontology Trust Anchors. This is a special body that provides identity verification services for ONT ID users in exchange for ONT ID tokens. This proof system is secure to use due to the implementation of different types of protocols. These protocols ensure that it is no longer possible to forge anything. This is useful for both applications and developers. They can use ONT ID to quickly and safely verify new users.

Use of the ONT token

The ONT token is used within the Ontology platform. The role of ONT in the Ontology ecosystem is simple. This token entitles you, as a user, to special management rights. You get a say in Ontology network decisions such as upgrades or changes. You can also earn interest with the tokens.However, instead of getting money in Dollars, you get money in ONG. You have to see ONG as the “gas” to use the Ontology network. ONG is therefore used when making transactions or executing smart contracts. In this respect, ONG is very similar to GAS of the NEO network. When you choose to invest in Ontology, you invest in the ONT token itself. You do this through one of the many exchanges that have included this token.

Store ontology in a special wallet

Suppose you have chosen to invest in Ontology. What should you do if you’ve just bought your coins? The first thing you should do is transfer your coins to a special wallet if you haven’t already done so. Leaving your coins on an exchange is asking for trouble. You don’t have the coins in your hands which means you will always be susceptible to hackers.You can choose a software wallet or a hardware wallet. Although there is also a paper wallet, it is generally not as convenient. With a hardware wallet, you can transfer your Ontology coins without having to take your laptop or computer with you. If you have a software wallet, your coins are stored on your computer itself. The software wallet is free, in contrast to the hardware wallet, which can easily cost a hundred pounds.

Ontology as a link to NEO

Ontology can be a somewhat confusing crypto-currency. The coin is primarily designed for companies to connect existing systems to the NEO blockchain. This makes Ontology an indispensable coin for entities that want to use the NEO blockchain. When you hold the Ontology coins, you get another coin as a reward: the ONG.There was never an ICO; the coins were distributed to people who already owned NEO. Therefore, the coin itself has not been launched for consumers. This does not mean that as a private trader, you cannot profit from price fluctuations on the Ontology cryptocurrency. As long as the coin is used enough, you as an investor can profit from the price developments.

Conclusion – should you invest in Ontology?

It is difficult to answer whether it is wise to invest in Ontology. This depends entirely on what you see in the company and whether you think it can become a major blockchain. If you think the companies will choose massively for the implementation with Ontology, you could always choose to allocate a small part of your portfolio to this coin. If you think this will not happen, you can better choose for another cryptocurrency.

Buying GAS: how can you invest in GAS?

We are not exaggerating when we say that there are currently thousands of cryptocurrencies. NEO is one of the better-known options at the moment. Within NEO, it is possible to invest in the special GAS token. Since not everybody is familiar with GAS and with the reasons why this could be a good investment, we have listed the most important information. By reading this article, you will get a clear answer to the following question: is investing in GAS wise or not?

How to buy GAS?

When you own NEO, you receive GAS on it as a kind of dividend. GAS is used within the NEO blockchain to pay for services, smart contracts and applications within the network.Do you want to buy the GAS cryptocurrency? You can do this with a reliable crypto exchange:
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The NEO concept

To see what GAS actually does, we must first take a brief look at NEO. NEO was founded in 2014 by Da Hongfei and Erik Zhan in China as AntShares. The project was changed its name to “NEO” in 2017. It is a blockchain-based platform that has its own cryptocurrency and enables the development of digital assets and smart contracts. NEO aims to automate the management of digital assets through the use of smart contracts. Ultimately, they want to create a smart economy system.NEO is the cryptocurrency of the NEO blockchain. This cryptocurrency represents a stock in the ownership of the NEO blockchain. This crypto is therefore very important to the community. It allows the community to create blocks and manage the network. Interestingly, NEO has indivisible units and cannot be divided like other coins such as Ethereum. This is done to give you as the owner some more power.

What is GAS – goal of the token

GAS is actually the usable token for the NEO network. This token was formerly known as ANC- Anthonds. In the ecosystem, GAS functions in the same way as Ether in the Ethereum network. Developers use GAS for transactions in the network. In addition, users receive rewards in GAS tokens. This makes it very different from the regular NEO that you can buy on the stock exchange as an investor.GAS generates at a rate of eight GAS per block. The network automatically reduces the number of rewards per block after two million confirmed blocks. Users have several options with GAS. For example, you can always exchange GAS for other cryptocurrencies such as Bitcoin, Litecoin or Ethereum. It is also possible to convert your GAS directly to NEO. In this way, the price of GAS remains decoupled. This means that its value is not necessarily dependent on NEO itself, although there is of course a strong connection between both prices.

Lightning-fast transactions with GAS

On a normal exchange, orders are placed on a centralized marketplace and then linked to a particular party. The process is efficient, but the user loses control over the coins. This is because the exchange itself is responsible for this. By automating the placing and matching of orders within a consensus network, GAS makes it possible to process the orders in a fair and transparent way. In fact, this creates a kind of decentralized exchange.NEO has made it possible to process stock exchange transactions on the blockchain without the order matching being done on the blockchain itself. Instead, they use a special exchange. NEO calls these transactions ‘Superconductive transactions’. This is intended to provide the efficiency of centralized exchanges with the security of a decentralized exchange.

The growth of GAS – smart to invest in GAS?

We can see that the rate of GAS is currently on the low side. The price of the currency has really been considerably high in 2017 and 2018. This was, of course, at a time when many novice investors were entering the market who saw a future in GAS. Whereas GAS was still trading at 52 euros at the beginning of January 2018, today it is possible to buy GAS for just over 1.2 euros. This could mean that now is a good time to get in on the action. For little money you can buy a large amount of GAS unlike a few years ago.However, it is important to remember that investing in cryptocurrencies always involves high risks. If you buy GAS at the wrong time, you can lose (a large part of) your investment.

Gas as dividend

You can actually see GAS as a kind of dividend. When you own NEO, you receive GAS as a reward. By owning NEO, you are helping to secure the blockchain. GAS is a scarce currency, so when NEO becomes more popular, its value may increase. This may make an investment in GAS interesting.

Storing GAS in a special wallet

Most people who buy GAS will do so through an exchange. After purchase, you will get your tokens immediately on your account. Yet, it is not wise to leave your tokens on the exchange. Here you run the risk of being hacked, something that has happened several times in the past at well-known exchanges. The use of a special wallet is therefore much safer. This way you keep control over all your coins.The best wallet to use is a hardware wallet like the Ledger. This device looks like a kind of USB stick and makes it easy to take your tokens with you. Please note that a good Ledger can easily cost $100. If you’re not willing to pay that much, you can also choose a software wallet for your computer. In general, paper wallets are not recommended, as you can lose them too quickly.

Conclusion – should you invest in GAS?

A large part of the crypto community is really convinced that the price of GAS will only increase. With NEO itself being one of the biggest projects of the moment, it is therefore not a strange thought. If you see a future in NEO’s platform, then investing in GAS is an obvious choice. If NEO rises, your GAS will probably rise too. In the end, of course, it is always a personal choice. We can only provide you with useful articles for your investments.

Buying Nano: how to invest in Nano?

The crypto market is currently attracting many new investors, all of whom want to get a piece of the huge returns that can be achieved here. One of the projects that has seen a lot of growth is Nano. If you are thinking about adding Nano to your portfolio, but you are not sure what kind of coin it is, don’t worry. In this article we will show you everything you need to know about investing in Nano!

How to buy Nano?

Nano can be a promising investment. The coin solves some of the bitcoin‘s known problems: transactions are carried out faster & cheaper and the system is also scalable. If Nano manages to capture a larger chunk of the market in the future, it may be smart to buy Nano.Do you want to buy the Nano crypto coin? You can do this with a reliable crypto exchange:
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What is Nano – goal of the project

The first thing to consider is the function of Nano. Nano (NANO) can be described as a digital currency designed to enable fast transactions at no cost. The project promises to offer a high degree of scalability, unlike, say, Bitcoin. The project was originally known as RaiBlocks (XRB). They have since renamed the cryptocurrency to Nano to make it more accessible to investors.The team at Nano is trying to make the goals possible by combining a special blockchain with a unique acyclic graph technology. This technology assigns each account its blockchain. As a result, Nano has quite a few followers who think that investing in Nano is the best choice to make at the moment.

Creation of Nano – original vision

Nano was originally conceived by Colin LeMahieu. This is a well-known software engineer who has worked at well-known companies like Dell and AMD. He founded RaiBlocks in 2014, launched the coin in 2015 and has been with the team all these years. In the company’s white paper, he focused on fixing three major problems that Bitcoin faced:
  • Poor scalability and very high transaction costs
  • High latency with an average confirmation time of 164 minutes
  • Power efficiency where sustainability lags behind
This white paper proved to be very popular. This is the reason why many people started investing in Nano, with the hope that it would experience a lot of growth. At the time of writing, LeMahieu is still the chief developer of Nano. He is particularly focused on the development of the coin’s core protocol. Of course, the team has grown much larger over the years.investing in NANO

How the Nano blockchain works

Nano combines several elements of blockchain with a DAG, or directed acyclic graph, algorithm. Under this structure, each Nano account has its blockchain that stores its transaction and balance history. This is also called an account chain. Only the account owner has full control over this. Each account chain can be updated asynchronously from the rest of the Nano network. This high level of control is not found in other projects.When an account owner sends a number of Nano tokens, a “sending block” is added to their account chain. Their balance is then updated. The receiving account then adds a “receiving block” to their account chain to update their balance. As a result, the most recent block in any chain contains the current balance of that account. This ensures that the Nano system can soon achieve higher processing speeds than many other digital currencies. This of course contributed to the increasing popularity of Nano over the years.

Risks of investing in Nano

There are not many risks involved in investing in Nano. However, the biggest risk investors should take into account is that Nano could eventually fail to meet its objectives. Now that the team is making a lot of progress, the chance of this happening is small, but you do not know what the future will bring. It is also possible that another project will turn out to be better. It is important to remember that investing in Nano will always involve risks. This also applies to all other cryptocurrencies, not just Nano. After all, the crypto market is very volatile.By actively investing in Nano’s stock price developments, you can perfectly anticipate the latest market conditions.

What are the advantages of investing in Nano?

There are many advantages to investing in Nano. A big advantage of the Nano crypto coin, are the fast transactions. Because the coin uses the Directed Acyclic Graph (DAG) technique, other accounts do not slow down the processing of transactions on a loose chain.The (almost) free transactions are also a good reason to buy Nano. This is again due to the way the transactions are processed within the Nano cryptocurrency: only a sender and a receiver are required, which means that the costs amount to $0.000035 per transaction.The coin should also be sufficiently scalable: 7000 transactions per second should not be a problem according to its creators. Because the coin solves the teething problems of bitcoin, it could be a good replacement. Do you have faith in the future of Nano? Then it may be smart to buy the Nano cryptocurrency.

Store Nano in a special wallet

It is possible that after reading the above, you would like to invest in Nano yourself. If you bought the coins at one of the many exchanges that can be found online, it is not a bad idea to transfer your coins to a wallet. Contrary to the exchange, you really do own your NEM tokens in a wallet. This ensures that you are less likely to be hacked, something you obviously don’t want.There are different types of wallets to choose from. The best is to choose a hardware wallet like a Ledger. These wallets are the safest as they are never connected to the internet. It is true that these wallets can cost quite a lot of money. If you did not buy that much Nano, but you do want to secure your coins, you can always opt for a special software wallet. This is a wallet that you can easily install on your computer.

Conclusion: should you invest in Nano?

We see that the community strongly believes that Nano might have a good future. This could mean that it is a good idea to invest in Nano. However, there are also critics who think that Nano will not be able to deliver on its promises. So, is it wise to buy Nano? This is really a personal choice to make. It depends entirely on whether you think that Nano will achieve its objectives and growth rate or not. In any case, the information in this article will help you take a better position on the coin.

Buying VeChain Thor: how to invest in VeChain Thor?

Investing in crypto-currencies is extremely popular at the moment. More and more people think that digital currencies could play an important role in the future financial world. VeChain is one of the projects that analysts are praising for its possible future. Since there is a small chance that you are familiar with this cryptocurrency, we decided to provide you with the most important information in this article. By reading this article, you will know exactly what VeChain Thor is and what you can use the cryptocurrency for!

How to buy VeChain Thor?

It may be smart to buy VeChain Thor! The cryptocurrency VeChain Thor has unique applications that can be very useful for business. For example, by allowing companies to track their products from production to delivery, the market for counterfeit products can be combated.Do you want to buy the VeChain Thor cryptocurrency? You can do this with a reliable crypto exchange:
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What is VeChain – goals of the blockchain

Before we can look at VeChain Thor, it is necessary to zoom in on VeChain. After all, this is the umbrella blockchain of the project. VeChain (VET) is one of the first blockchains that was built specifically to meet the needs of enterprise-level customers. The developers behind the project are trying to improve the supply chain and product management through the use of a special blockchainThe special feature of this project is that the platform offers users a variety of new functionalities that allow supply chain protocols to be set up just a bit better. VeChain offers companies the possibility to easily keep track of a huge amount of data. This data can look at things like quality, authenticity, storage temperature and transport status. The special thing is that VeChain offers all these functions through a trust-free and distributed business ecosystem.

Gas for the VeChain ecosystem

VeChain Thor, also known as VTHO, is slightly different from VeChain itself. However, it plays an incredibly important role within the VeChain ecosystem. This is because VeChain Thor is necessary for transferring data to the VeChain Thor blockchain. This means that every transaction (sending tokens or sending data to a smart contract) must be paid for in VeChain Thor. In many ways, you can compare this to NEO’s GAS for the blockchain.How much VeChain Thor is needed for a transaction? This really depends entirely on the size of the data you want to send. A simple VTHO transaction generally costs 30 VTHO, whereas sending a data-filled transaction to a smart contract can cost 1000 VTHO. This may seem a lot, but for companies sending huge amounts of data, it is of course not so bad.

What is an application of VeChain?

The VeChain blockchain can be very useful for businesses. This is because the blockchain focuses on making the supply chain transparent: the blockchain can be used to track how a product moves from the place of origin to the time of delivery.This functionality is especially attractive for luxury brands. This is because the products of luxury brands are regularly counterfeited and as a result, companies miss out on around $500 billion annually. By using VeChain, potential customers can verify the authenticity of products. At the same time, producers can track their products, giving them a better idea of the lifespan of their products.The token THOR is then used to pay for the use of these functionalities. Large companies do not mind paying for this kind of information, which is why VeChain Thor can be a success. An investment in VeChain Thor is therefore not a bad idea!

Is it smart to invest in VeChain Thor?

If you want to invest in VeChain Thor, you should look for the special code VET on the exchange. This token really serves as a value generator within the VeChain blockchain. VeChain Tor can transfer value across the blockchain and trigger smart contracts. This is therefore how users pay for transactions on Dapps that function on the VeChain blockchain. You can buy VET from many well-known exchanges such as Bitfinex or Binance.VeChain’s system is set up so that a total of 86,712,634,466 VET can be issued. This means that it is a scarce resource, which is good for the price. Currently, the coin is in the top 30 of the total crypto market. This shows that it is a project which is already known to the public and which has already experienced major growth. Of course, this does not mean that the price cannot continue to rise. Due to the relatively low risks and the good future prospects, this is definitely a coin to consider if you want to buy altcoins for your portfolio.

The arrival of VeChain Thor Energy

VeChain Thor is not the only token used within the VeChain blockchain. In fact, we are also familiar with VeChain Thor Energy. This special token acts as a faster kind of currency for smart contract transactions. These tokens are not publicly available. This also means that you cannot invest in them as a starting investor. Only developers use these tokens to cover their contract execution costs. As an investor, you can only choose the regular VeChain Thor token. So please think about this while investing.

Store VeChain Thor in special wallet

A mistake many people make is that they buy VeChain Thor and then just leave the coins on the exchange. This is fine if you want to actively trade, but not if you want to hold it as an investment. The fact is that there is a chance that the exchange will be hacked one day. If this happens, you can forget about your VeChain Thor tokens. Therefore, it is wise to always transfer your coins to a reliable wallet after you have acquired them, if you want to play it safe.With a wallet, you are the owner of your tokens and therefore in control. The paper wallets are very accessible, but they are not as convenient as the other wallets. Therefore, we advise you to choose a software or hardware wallet. The hardware wallets offer the most protection. However, the software wallets are a lot cheaper. If you choose for a hardware wallet, the Ledger is generally the best option to choose.

Conclusion – to invest in VeChain Thor or not?

If you see a future in VeChain Thor’s new blockchain, it is not a bad idea to include the currency in your investments. Due to the high level of security and anonymity, the project is likely to appeal to the general public. Of course, the question is how governments will deal with it. Ultimately, it remains a personal choice to make, we can only provide you with useful advice for investing in VeChain Thor. Also be sure to take a look at the many other articles that can be found here on the site!

Buying NEM (XEM): how to invest in NEM?

As you probably know, there are numerous cryptocurrencies to invest in. This diversity makes it difficult for many people to make a choice. Which currency should you choose? One of the projects that has experienced a lot of growth is NEM. In this article we’ll show you what kind of digital currency NEM is, what you can actually do with it and if it’s smart to invest in it at this moment.

How to buy NEM (XEM)?

NEM (XEM) can be used as a link between private and public blockchains. With this cryptocurrency, companies can connect to networks more easily. If they can realize their vision, an investment in NEM could turn out well.Do you want to buy the NEM (XEM) cryptocurrency? You can do this with a reliable crypto exchange:
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What is NEM – goal of the project

Before you invest in NEM, you probably want to know what it is. NEM stands for “New Economy Movement” and aims to provide entrepreneurs with a more efficient way to control and move blockchain data. You can see the company as a kind of missing link between private and public blockchains by connecting these networks. Connecting the networks makes the blockchain much more efficient. Although it remains to be seen whether it will succeed, the company’s vision is very promising.NEM is especially praised by large companies as they realize the many benefits NEM could bring. NEM’s customers can easily manage assets and data more efficiently by using a completely redesigned blockchain. It is important to note that NEM was built from the ground up with the needs of large companies in mind. This desire to meet the demands of the market has earned them the nickname “Smart Asset Blockchain”.investing in NEM

Switch for business

Why is investing in NEM smart you ask? NEM might just be able to resolve major problems in the crypto market. One of the main goals of this platform is to increase interoperability between private blockchain networks. There is currently far too much chaos between the public and private blockchain sectors. Companies are therefore looking for something new. The problem at the moment is that all blockchains are separate from each other. They cannot communicate with each other over digital assets.With NEM, however, this may be possible in the future. The special protocol ensures a better transfer of all digital assets within the company. Here you can think of tokens, contracts or files. Moreover, the blockchain of NEM is designed in such a way that it can send data from a private internal company network to another company by means of a public blockchain. If you understand this then you probably understand why so many people are positive about the project.

Advantages of the NEM blockchain

There are several advantages that NEM has to offer to the current crypto market. The platform is crucial to mainstream adoption because it manages to bring together some of the best blockchains in the world. Moreover, the company’s focus on large corporations makes it a key player for institutional investors. Developers recognize the fact that their platform needs to remain agile to achieve further growth in the market. NEM makes this possible by offering a full API interface, for example.NEM users can customize how they allow access and use of NEM. Best of all, these tasks are performed in an open and self-scalable framework. The system allows developers to easily create, distribute and trade cryptocurrencies and tokens via the NEM blockchain. Because of all these advantages, it is certainly a project that could become incredibly big in the coming months. Do you have faith in this? Then it might be smart to invest in NEM by buying the cryptocurrency.

Use of the XEM token

XEM can be regarded as the token used on the NEM blockchain. XEM has several important roles to play in the NEM ecosystem. First and foremost, users get voting rights when owning the token. They also have the special right of approval. In addition, XEM works as a fast currency with very fast transaction times.The main purpose so far is to facilitate smart contracts. You can therefore compare this with the function of Ether on the Ethereum network. The price of XEM is, of course, linked to the success of the protocol and the blockchain.

What are the advantages of NEM?

Before investing in NEM, it is wise to investigate whether the advantages of the cryptocurrency are strong enough. A clear advantage of NEM is its low transaction costs: these never amount to more than 0.01% of your transaction. When you compare these transaction costs with those on your credit card, the choice is quickly made. Moreover, a transaction on the NEM network is carried out quickly: within 6 seconds.A potential problem for NEM is its limited scalability. A limited number of transactions can be handled at the same time, but a future update may increase this number. Of course, NEM as a system is not intended to be a transaction either: the cryptocurrency is only used for sending documents, for example. The token XEM is then used to pay the transaction fees.What is unique about NEM is that the transactions are traceable. Many people use cryptocurrencies precisely because their transactions are well hidden. According to the creators of NEM, traceable transactions can actually contribute to security by, for example, applying buyer and seller protection. If you think this is indeed the case, an investment in the NEM cryptocurrency might be interesting.A final advantage of investing in NEM is that the crypto coin is more environmentally friendly. NEM’s algorithm uses only 1% of Bitcoin’s power to achieve the same result.

Store NEM in a special wallet

If you choose to invest in NEM, it is important that you transfer your coins to your wallet. This is the only way in which you can really exercise control over your coins. When you leave your coins on your account at the exchange, you always run the risk that they will be hacked. If you want to prevent this, a wallet is the only option you can choose.Although you can choose for a paper wallet, it is generally convenient to choose for a software or hardware wallet. As you can see from the name, a hardware wallet is a small physical device. It looks a bit like a USB flash drive and can be placed in the computer. A software wallet is a completely digital wallet that you can install on your computer. The software wallets are free of charge, while the hardware wallets cost money.

Conclusion – to invest in NEM or not?

We hope the information in this article has given you a better idea about investing in NEM. Whether it is a good project to invest in really depends on whether you support the team’s vision or not. The many advantages make the blockchain of NEM special, although it is of course questionable whether it will eventually become the most used blockchain within the crypto market. It is therefore important to stay vigilant when you decide to invest in NEM.

Buying Loopring: how to invest in Loopring?

There are currently a few thousand different cryptocurrencies. Most people think of Ripple or Bitcoin, but there are plenty of other projects that have a promising future. One of these projects is Loopring. Are you curious what the Loopring project is about and if it is a currency you should invest in? Read on, this article will tell you all about it!

How to buy Loopring?

It can certainly be interesting to buy Loopring. The cryptocurrency can be used for the exchange of assets between different exchanges. Because the orders from different exchanges are combined, orders can be executed at the best prices.Do you want to buy the Loopring cryptocurrency? You can do this with a reliable crypto exchange:
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What is Loopring – goal of the project

First, let’s take a look at what Loopring actually is. Loopring (LRC) can be classified as an open-source decentralized digital currency protocol with an automated execution system on Ethereum. This sounds a bit complicated, but it means that it was created to allow users to exchange assets between different exchanges.Loopring is not a decentralized exchange in the original sense of the word, but uses technologies for matching orders and sharing rings. The project aims to bundle orders from as many exchanges as possible. After that, they want to match this bundle of orders with the order books of all exchanges found on the Loopring network.

The unique protocol behind Loopring

Loopring features a unique protocol compared to other projects on the crypto market. This protocol makes it easy to trade ERC20 tokens on the Ethereum blockchain. For example, Loopring enables the exchange of multiple tokens. It also ensures a high degree of liquidity under different conditions on the exchange. This offers benefits to both users and exchanges by reducing the risks involved.Risks are reduced by using smart contracts and minimizing fees and costs. This enables the creation of more profitable ring matching and order allocation. In addition, it provides enhanced security for online data. Any platform that has implemented smart contracts is eligible for integration within the Loopring network. As you can imagine, this means that the project can grow a lot.virgula in loop

The arrival of Loopring 3.0

Loopring 3.0 is the latest version of the protocol. This version manages to deliver much better performance without compromising on security. It is designed with two main goals in mind: performance and security. This version ensures that users can always withdraw their power if they do not fully trust it. Even in the worst case, users can get their power back right away using Merkle Proofs.

Use of the LRC token

If you invest in Loopring, you choose to buy the LRC token. LRC is the special token traded on the Loopring network. The token is used to distribute a percentage of all fees generated on the network. 70% of the fees are paid to strikers, 20% is used to fund the Loopring DAO and the remaining 10% is written off.The special LRC token plays an important role for the Loopring reputation system. DEX owners on Loopring are required to use LRC to build their reputation and thus provide more security for all users of the platform. This means that exchanges with bad intentions will lose some of their stakes if they act badly and this provides users with insurance.

Risks of investing in Loopring

There are some risks in investing in Loopring. These risks are the same as for the other types of decentralized exchanges. The most important risk is that governments are not in favour of a decentralized stock exchange. With these exchanges, it is difficult to keep an overview. The lack of a central authority makes it hard for EU member states to tackle money launderers.There is a risk that governments will therefore decide that trading via the Loopring platform is not allowed. This could certainly have a negative effect on the price of the token. Another risk is that eventually a better exchange will come along that will make Loopring obsolete. Although the chance of this happening is small, you should be aware of this if you want to buy Loopring.

Store the loop ring in a special wallet

After  you have chosen to invest in Loopring you might wonder what you should pay attention to. The first thing we recommend is to transfer your coins to a wallet. This is the only way you’ll be able to keep full control over all your coins. You can choose for different kinds of wallets for storing your coins. A paper wallet can be downloaded via the internet, but this is not very practical.A software or hardware wallet, on the other hand, is a good option for storing the coins. The hardware wallet is the safest as it is not connected to the internet. These do cost some money. If you do not invest that much, a software wallet is more convenient since you can install it on your computer for free. Regardless of your budget, it is handy not to leave your coins on the exchange. It wouldn’t be the first time an exchange gets hacked.

Conclusion – should you invest in Loopring?

As you could have read in this article, Loopring really is a project with a special vision for the crypto market in general. In case this DEX exchange would be used, it is possible that the price of Loopring would increase considerably. However, the question is whether the team will succeed in doing so. The question if you would be wise to invest in Loopring is really a personal choice to make. Unfortunately, we can’t make it for you, you’ll have to think about it yourself.

Trade bitcoin: how do you invest in Bitcoins?

The bitcoin is known for its huge price fluctuations. These fluctuations make the bitcoin the perfect asset to trade in. But where and how can you invest in bitcoins? Discover where you can invest in bitcoins and read this short guide, so you can immediately start trading bitcoins!

Where can you invest in bitcoins?

There are two ways to invest in bitcoins. You could choose to actively trade bitcoins, or you could choose to buy bitcoins for the long term.

Investing in Bitcoin by buying the cryptocurrency

Another possibility is to physically buy bitcoins. When doing this yourself, you need to create a so-called wallet. This can be quite difficult for people with little to no technical knowledge. Fortunately, bitcoins can also be easily bought via crypto exchanges:
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How to actively trade in bitcoins

Before we dive into more details and further analyse the bitcoin, let us first look at the places where you can invest in bitcoins. At this moment, there is one reliable broker where you can immediately trade bitcoins. At the broker Plus500 you can buy and sell CFD bitcoins, and you can take advantage of the strong price fluctuations by taking the right position at the right time.A big advantage of trading bitcoins at Plus500 is the possibility to buy or sell a certain number of CFD bitcoins for a shorter period. Bitcoins are quite unstable, but by trading in bitcoins at the right time and in the right way, you can take advantage of this instability. You do this by going short when there is a falling price. In this case, you speculate on a price fall of the Bitcoin.Trading in bitcoins can be tried free of charge with an unlimited demo. Use the below button to immediately open a free and risk-free demo account at Plus500:

How can you invest in Bitcoin?

The bitcoin price is very volatile. While traditional currencies move only slightly, the bitcoin price has made enormous leaps. This unpredictable and impulsive price trend makes it possible to earn huge amounts of money trading bitcoins. You can specualte on both falling and rising prices.On average the bitcoin price changes several percent per day, allowing you to achieve good results every day. But how do you ensure that you take maximum advantage of this price volatility of the bitcoin?Maximum advantage can be taken by effectively investing in bitcoins:
  • Buy the bitcoin when you expect a price increase.
  • Sell the bitcoin when you expect a price decrease.
Trade bitcoins

Short guide trading in bitcoins

This short guide trading in bitcoins will learn you all you need to know to trade in bitcoins.

How do you trade in bitcoins?

It’s fairly easy to invest in bitcoins at an online broker. When you buy or sell bitcoins at a broker you have various options for executing your trades. When you place an order you can use these options:
  • Buy: push this button when you expect a price increase
  • Sell: push this button when you expect a price decrease
  • Order: enter the amount on which you would like to automatically open a trade
  • Stop loss: enter the value on which you automatically take your loss
  • Take profit: enter the value on which you automatically take your win
It’s advisable to always use a stop loss. This way you avoid unexpected losses on your investments if you would for example have to leave for a moment.Buy bitcoin

Exemplary prices. See here how to place an order on the bitcoin CFD.

When do you buy bitcoins?

It’s wise to buy bitcoins when you expect the price to increase. The bitcoin price will normally increase when positive news hits the front page. Media attention will also push the bitcoin price to higher price regions. The hype will convince investors to buy more bitcoins resulting in a further price increase. These are therefore the ideal moments to invest in bitcoins.Find below a news message example which contributes to the bitcoin price increase. By reading this message you can reason yourself if it’s a good moment to buy the bitcoin. Because bitcoins are now also tradable as futures, larger financial institutions can also benefit from the digital currency. After reading a positive message, it’s wise to buy.Reuters positive Bitcoin news

Favourable news often leads to the rise of the bitcoin price. Source: Reuters.com.

When do you sell bitcoins?

To get the most out of your bitcoin investments, it’s not only a matter of buying but also selling bitcoins at the right time. Many online brokers offer you the possibility to go short. When you go short you benefit from decreasing prices. Every price decrease in the bitcoin will mean a profit for you! This makes it possible to benefit from possible price falls. Therefore, also negative news might be a trigger to start trading in bitcoinsFind below a news message example which might contribute to a bitcoin price decrease. It’s essential to always carefully read the content of the message. The fact China is planning to prevent the issue of new digital coins is clearly a very negative signal. China is a very large country and when coins become forbidden in this part of the world, it can lead to a significant price decrease in the bitcoin. In this case, it could be best to go short.China ban Bitcoin

Negative news often leads to a bitcoin price decrease. Source: theverge.com.

What are bitcoins exactly?

Before investing in bitcoins, it’s important you understand what bitcoins are. The bitcoin can be seen as a new digital coin. These digital coins are also called cryptocurrencies. Compared to normal currencies, the bitcoin is a rather odd one. The bitcoin is not regulated and is not influenced by any central bank or government.The bitcoin is an invention of a brilliant mastermind hacker known by the pseudonym Satoshi Nakamoto. Bitcoins are mined by means of computers which calculate and discover very complicated number sequences. But how can a digital coin have some value? And how can you obtain bitcoins yourself? We will discuss this in the rest of our article:

A movie which explains what bitcoins are about in layman’s terms

How do bitcoins obtain their value?

Bitcoins are not used as a valid payment means in any country. It might therefore sound a bit strange that bitcoins or also called BTC do have a certain value. This value is created by the fact bitcoins are used in the online world as an online medium of exchange. Each user has its own wallet and bitcoins can be transferred to other Internet users by means of a unique bitcoin address.By using the bitcoins as an active medium of exchange a certain value has been created. The prices related to investments in bitcoins are therefore created in the same way as the prices related to investments in shares. An increasing number of online webshops are accepting bitcoin payments and these bitcoins also seem to make their way in physical shops. Recently for example the Dutch Bar De Waag in Delft has started accepting bitcoin payments.

How do you get bitcoins?

It is now clear that the value of bitcoins exists because it is used as a medium of exchange, but how do you actually get bitcoins? Without a shortage, a bitcoin would not be worth anything. However, because bitcoins have to be found through mining, it takes time and energy to find a bitcoin.To generate a bitcoin, a computer needs to mine for it. Mining is a process whereby computing power is used to find a unique code which might be used to obtain a bitcoin. There is only a limited supply of bitcoins. At the same time there is an increasing demand because the bitcoin is increasingly used as a payment method. An equal supply combined with an increasing demand results in an increasing bitcoin price.mining Bitcoins

The 3 bitcoin investment strategies

3 Strategies can be used when investing in the bitcoin. Let’s look at these 3 strategies:

Buy & hold strategy

This is a good strategy for whomever has a lot of confidence in the bitcoin. This strategy involves physically buying bitcoins which you hold for the longer term. Some people believe the bitcoin will one day be worth over $100.000. When applying this strategy, it is a smart move to buy when the price reaches a low. By doing this, you immediately achieve a higher return when the price actually rises.

Long position

Some investors choose to invest in bitcoin when the price is increasing. This is also known as going long on bitcoin. It is important to consider beforehand at which price you are going to sell the bitcoin. This strategy involves taking your profit when you believe the bitcoin price will fall again in the future.

Short position

Bitcoin has crashed regularly. You can benefit from a crash by placing an order on a falling price. You achieve a positive result when the bitcoin price keeps on falling. This method also requires considering beforehand at which price you will close the position. A position should be closed when you believe the bottom of the bitcoin price is almost reached.

Why is the bitcoin price regularly increasing?

  • The bitcoin was a hype: media attention attracts investors.
  • It is a new means of payment which is used by various service providers and webshops.
  • The coin is anonymous and therefore a perfect means of payment for criminals.
  • The bitcoin is often seen as a safe heaven similar to gold.
  • The bitcoin can be used to avoid transaction costs.

Current bitcoin price: exchange rate

Find below the actual CFD price of the bitcoin. It is also possible to immediately buy or sell CFD bitcoins by means of the below buttons.

Crash of the bitcoin 2017

Upon the incredible bitcoin hype in 2017, there was a serious price crash. Has the coin lost all its value? That may be a bit short-sighted. The trade volumes namely are still higher than those of the summer of 2017. Besides, the underlying technique still has a lot of potential. Nevertheless, the problem of the price is that it barely reflects the underlying value: the value is mainly created by speculators.However, smart investors don’t see this as a problem. Even now, the bitcoin price is still very volatile. You can benefit from this volatility by using orders and by gently surfing and grabbing all you can on the waves up and down. Actively trading bitcoin Anno 2018 is therefore still very relevant!Update 2020: the bitcoin price went sky-high beginning of 2020 and reached a price of 10,000 dollar. The coronavirus has again caused a price crash . Nevertheless, being an active investor there are still various was to benefit from bitcoin investments.

Other cryptocurrencies

The bitcoin is the most well-known cryptocurrency. Nevertheless, in the meantime there are hundreds of alternative cryptocurrencies which can be traded. All these crypto coins have their unique characteristics which make them interesting on their own. There is a big chance the bitcoin will eventually be overtaken by another currency that may have more potential.However, nowadays, we are still seeing a clear bitcoin dominance. There is a strong correlation between the bitcoin price and the price of altcoins like Ethereum and NEO. On some platforms you even require bitcoins to buy other cryptocurrencies. In the article investing in cryptocurrencies you can find more information about the most famous cryptocurrencies which can be traded nowadays.trading cryptocurrencies

The risks of trading in bitcoins

Because bitcoins are not regulated by a central bank, it is very difficult to apply any form of regulation on this type of currency. Besides, because the source of bitcoins is pretty unclear, dirty games can be played by brokers because it’s difficult to trace the source of a bitcoin. Moreover, bitcoins can be used for money laundering because they are so difficult to trace. Therefore, if you are not careful, investing in bitcoins can be quite dangerous!When you decide to invest in bitcoins, it is important to remember the bitcoin has no underlying value. When buying a share for example, you are co-owner of a company. The bitcoin is not managed by anyone, and it has no physical asset in the background which adds to the uncertainty of the bitcoin in the future.You must also ensure enough security. When you actively trade bitcoins at Plus500 for example, you cannot be robbed because you are using derivatives to trade bitcoin. When you are physically buying bitcoin, your wallet can be compromised and robbed. It wouldn’t be the first time, investors are losing bitcoins worth thousands of even ten thousand dollars.Finally, it is important to remember cryptocurrencies are complicated. Thanks to the user-friendly software of brokers it is easy to buy or sell cryptos like the bitcoin in the blink of an eye. Be aware though the underlying bitcoin technique is very complicated. Do a proper and extended research and carefully weigh benefits against risks before opening a position.All in all, bitcoins are a very interesting but also very speculative investment opportunity. It can be a lot of fun to play with these types of financial securities, but we don’t recommend betting too much money on bitcoin trading.

Invest in Ethereum or Ether

Cryptocurrencies are booming! Besides the bitcoin there are more and more digital currencies with which you can earn money. An example of another successful digital currency in which you can invest is Ethereum or Ether. In this article you can read how you can invest in Ethereum and we also see how the ether differs from, for example, the bitcoin.

Where and how can you invest in Ethereum?

When you invest in Ethereum you have two options. You can decide to actively invest in the price of Ethereum. We call this method of investing trading. You can also decide to buy the Bitcoin as a long-term investment. In this section we will discuss both methods.

Trading in Ethereum: short-term investment

If you want to take advantage of all the fluctuations, one option is to speculate on the price of the ether. Ethereum’s currencies are very volatile and as an investor, you can benefit from this. It is obviously possible to make a profit when the price of the ether rises, but did you know that it is also possible to do this when the price drops? This happens regularly and by going short with an online broker you can also benefit from these price movements.A good broker where you can trade CFD’s in the ether is Plus500. With Plus500 you can easily create a free (demo) account with which you can try out the possibilities. Using the online software it is possible to buy and sell CFD ether with a mouse click, allowing you to catch all the price movements. Click here to try trading in CFD Ethereum at Plus500:

Buy it for the long term

Just like the bitcoin, the ether has also risen considerably. If you had purchased ether when it was just launched, you would have become a millionaire. The price has actually doubled! Even now the currency still has potential in the long term. Later on, we go into more detail about what makes Ethereum unique, but these unique characteristics make it possible for the price of the ether to rise.However, it is important to buy the ether at the right time. Therefore, do not go blindly to a website to purchase ethers. The price is very volatile, and it is therefore wise to first make a good price analysis. Make a plan like you would with a more traditional investment, so you can maximize the potential profit!But what is the best place to buy Ethereum? You can do this with a reliable crypto exchange:
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What is Ethereum? More than just a coin…

People who consider Ethereum to be just a coin should think twice! The ether is more than just a coin. The unique side of the ether story namely is that this cryptocurrency can be used as a system in which several things can be programmed.Both the Ethereum and the bitcoin use blockchain technology. Ethereum has the possibility to execute applications in the cloud. These applications can then be protected against manipulation. Therefore, Ethereum can for example be used to create a contract in a secure and smart way.Nowadays, it is still a utopian process, but one day it could just be lawyers will be using Ethereum technology to create for example their contracts. Ethereum therefore has a good chance to equal bitcoin in the future and that’s of course good news for profit searching investors. Do you think it good idea to invest in Ethereum now?ethereum investing

What are the advantages of investing in Ethereum?

By not investing all your money in Bitcoin, you will lower the risk of your overall cryptocurrency wallet. Because the Ethereum is a worldwide well-known cryptocoin, speculators don’t hesitate to invest some of their money in Ether when positive news messages are broadcasted. This will make it possible to generate a nice profit by trading in Ethereum.Another big advantage of Ethereum is the fact it is a very flexible coin. It is for example possible to utilize other cryptocurrencies on the Ethereum blockchain. The only possible downside linked to this possibility is the risk that this seriously lowers the speed of the network.The additional functionalities are a big advantage of Ethereum compared to the bitcoin. Some people believe we will no longer need lawyers and notaries in the future thanks to the existence of Ethereum. Although we are not in such a situation yet, there is still a big chance Ethereum is going to play a more important role in the future.

What are the risks investing in Ethereum?

Like many other crypto coins, the Ethereum is very volatile. You can easily lose ten percent in one day. Investing in Ethereum therefore takes nerves of steel. Moreover, it is essential to come up with a clear plan. Investors which easily panic should avoid investing in Ethereum.Another Ethereum risk is the fierce competition. Nowadays, ether is so huge because they were the first ones to offer certain functionalities. Better alternatives nevertheless exist and it’s probably only a matter of time before these coins will depose Ethereum. Investing in Ethereum therefore also means always keeping a close eye on the competition.ethereum invest

What makes ethers unique?

If you are trying to compare Ethereum to the bitcoin, you are making a mistake. Sure, they are both digital currencies, but there are still significant differences. A major advantage of Ethereum is that the ethers are easier to use for all kinds of projects. Where bitcoins and litecoins are mainly used as currency, you can do all kinds of things with the ether.Did you know, for example, that you can issue stocks with ethers or set up a political system? The ether is also very useful for drafting a contract. The ethers are in fact non-mutable, which means that the content of the contract can no longer be changed. Even the programmer cannot get there anymore. This makes the ether extra strong against malicious hackers. This potential makes it possible for the price of ethers to rise further.

Investing in Ethereum strategy

You could choose to buy ether at random. However, this is not our preferred approach for buying this cryptocurrency. In general, there are 3 ways you could use to invest in Ethereum:
  • You buy Ethereum for the long term
  • You try to speculate on a price increase
  • You try to speculate on a price fall
When you decide to invest in Ethereum for the long term, it is important to carefully analyse and research the broader crypto market. The price of the ether often moves along with the price of other cryptocurrencies.Besides, it is important to follow the latest developments of and news about the ether. Is another coin gradually taking over the dominant Ethereum position? Then, it’s maybe better to postpone buying the coin. If you decide to buy the Ethereum, it is essential to choose the right moment to step in. In general, the right moment to buy ether is to buy the dip.The alternative strategy is focusing more on speculation. By means of for example a technical analysis you could try to step in or out at the right moment. Besides, it is also possible buying or selling ether based on the latest news. Whatever strategy you choose to invest in ether, it is always important to carefully manage and consider your risks. You could for example do this by taking an automatic loss at a certain price.

Exchange rate of Ethereum

It is of course important to be able to look at the latest price of the ether. Below you can see the value of Ethereum. It is also possible to purchase CFD ethers directly via the buy and sell buttons.

Investing in Dash: how do you make money trading Dash?

Just like the Bitcoin, Dash is a so-called cryptocurrency. Dash may be less well known than the bitcoin, but this does not necessarily make the digital currency less interesting. Compared to the bitcoin the Dash has several unique advantages. In addition, the Dash is also very volatile, and as an investor you can benefit greatly from this. In this article we discuss how you can invest in Dash by either buying the cryptocurrency or by actively trading it.

Investing in Dash

There are two ways to invest in Dash. You could choose to actively trade in Dash in the short term. The other option is to physically buy Dash. Below you can read more about these two investment methods.

Trading Dash in the short term

You can obtain the best results with Dash in the short term. The cryptocurrency Dash is not an extremely stable currency. Unlike currencies such as the euro or the dollar the price of Dash changes a lot. By trading in Dash CFD’s you can place orders for the various short terms movements. You can do this with an online broker.One of the best online broker to invest in Dash is Plus500. With Plus500 you can easily place orders for both increasing and decreasing prices. With this broker you can also choose to go short on the Dash. When you go short you speculate on a decreasing price of Dash. By speculating on the Dash in this way, you can also deal with the decreases so that you have more chances to obtain a good result.You can try this type of investment without a risk using a demo account. Use the button to open a free demo account:

Buying Dash for the long term

In the long-term cryptocurrencies can be a good investment. Considering the serious price falls in 2017, you nevertheless have to be cautious. Therefore, only buy a limited amount of Dash and make sure you carefully consider the perfect time for buying your cryptocurrency.More and more people see cryptocurrencies as a good long-term investment. Some people even indicate that they consider new digital currencies, such as the bitcoin and Dash, to be the new gold. After all, these digital currencies are often outside the direct control of a central bank, and they also have the necessary privacy benefits. This makes digital currencies even more attractive as a backup.It is relatively easy to buy Dash for the long term. On the Internet various brokers can be found which offer you the possibility to buy Dash for the long term. You can do this with a reliable crypto exchange:
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Dash investing

What makes Dash different from the bitcoin?

It is sometimes difficult to see the forest through the many cryptocurrencies. That is why we will briefly discuss the biggest advantages of the Dash versus the bitcoin. A big advantage of Dash is that the confirmation of a transaction goes through the InstaSend payment system and the transaction is approved within seconds. With the bitcoin it can sometimes take hours before a transaction is executed.It is also important to mention that Dash offers greater privacy than the bitcoin. PrivateSend ensures that your entire history remains private. As a result, Dash may be an even better crypto coin to keep your transactions safe and hidden.Moreover, it is interesting that Dash uses master nodes. This ensures that not only the miners who find the cryptocurrency are rewarded. Other agencies that provide for the storage and validation of the currency are also rewarded.Finally, it is interesting to note that 10% of the transaction costs go to a general pot. This pot is called the Dash Treasury. The money in this pot is used to develop new Dash projects, which means the development of Dash is less related to the volunteers’ desire to work on it. All these reasons make Dash perhaps an even more interesting investment than the bitcoin.

The future of Dash

When you would like to determine whether to buy or sell Dash, it’s a matter of keeping a close eye on the general market sentiment. In 2017 there was a serious cryptocoin price increase followed by a major crash. After the crash it seems like Dash is doing well again.The question is whether this trend will continue in 2020. However, by timing your investments well, you can still achieve nice profits. After all, the cryptocurrency price is very volatile and by buying Dash at the right moment you can make nice profits. Read more about investing in cryptocurrencies in this article.

Investing in Ripple or XPRs: how do you buy it?

Cryptocurrencies are booming! Most people know exactly what the Bitcoin is, but other digital currencies like the Ripple are regularly overlooked. That’s too bad! Especially when you consider that by investing in multiple cryptocurrencies you can spread your chances. In this article we look at how you can invest in Ripple, and we also look at the possibilities of this digital currency.

What is the Ripple?

Much like the bitcoin or Ethereum, Ripple is also a cryptocurrency. Nevertheless, there are some important differences. For example, the Ripple is not entirely decentralized: there is a party that determines how many Ripple currencies are coming on the market. Currently, one billion Ripples or XPRs are being released each month. There are still 55 billion XRPs reserved on an Escrow account. If the newly released Ripples are not sold, they will return to this safe.But what is unique about the Ripple next to the fact that this currency is centrally controlled? Well, the ambition of the Ripple is unique. With XPRs, attempts are being made to build bridges between different physical and non-physical currencies. This is possible because with the Ripple, it is possible to immediately transfer a transaction to another country with extremely low transaction costs, such as a thousandth of a cent!

Investing in Ripple

One of the best ways to invest in Ripple is by investing in the short term in this currency. You do this with a so-called broker. You can then quickly buy or sell XPRs, which means you also can take advantage of shorter market movements. The Ripple is quite volatile, making it an attractive way to make a profit.One of the few suitable brokers to trade in XPR CFDs is Plus500. With Plus500 you can trade in XPRs by buying or selling the Ripple at the right time. An additional advantage of this provider is that you can try out unlimited possibilities with a demo. It is therefore wise to open a free account right away: 

Ripple investing

How big is the Ripple?

The Ripple is less well known than the bitcoin. However, the currency must never be underestimated. There are many more XPRs in circulation than there are bitcoins in circulation. The price of an individual Ripple light is obviously lower, but the total market capitalization is a lot higher. Ripple is therefore one of the largest digital currencies on the market.What further contributes to the success of the Ripple is the fact that the Ripple network is supported by many large banks. The possibility to send money almost free of charge internationally is of course very attractive for large international banks. This attention can increase the profitability of the Ripple in the long term.

Why buy Ripple?

If you already have bitcoins, you may wonder why on earth you should also buy XPRs. Well, the answer is simple! Ripple and bitcoin complement each other nicely! The Ripple has various advantages over the bitcoin. It is, of course, possible to conduct a peer-to-peer transaction directly, which would make it possible to link a bank account with the Ripple network.Moreover, transactions within the Ripple network are almost immediately validated and executed so that banks can quickly approve the transaction. This of course increases its user-friendliness.The fact that the currency is issued centrally also provides necessary benefits. This means that measures can be taken more quickly in case of problems. Within the bitcoin network, a consensus of 95% is needed before action can be taken. This makes the algorithm behind this difficult to develop. With the Ripple these problems are not there, because the currency is controlled from a central point.All these unique characteristics of Ripple make it attractive to buy XPRs. You can also benefit from currency fluctuations in this currency due to its volatility.

Investing in Bitcoin Cash

More and more people are benefiting from investing in the Bitcoin. Due to the enormous price rises and volatility, a lot of money can be made by trading Bitcoins. Recently, however, there is also the possibility of investing in Bitcoin Cash. By buying both Bitcoins and Bitcoin Cash, you can earn even more money by trading in the various cryptocurrencies. But how does this work and what is Bitcoin Cash?

How can you invest in Bitcoin Cash?

There are two different ways you can use to invest in Bitcoin Cash. The first method is more active: you can speculate on the price increases and decreases of the cryptocurrency. The second method is more focused on the long term: you buy Bitcoin Cash with the hope that it is worth more in the future.

Actively trading in Bitcoin Cash

There are some companies where you can actively trade in Bitcoin Cash. A major advantage of active trading is that you can respond to small developments. The Bitcoin Cash prices are very volatile. One day, the price may just rise or fall several percent. By making smart use of orders you can take advantage of these smaller movements.You can actively invest with an online broker. One of the best brokers where you can do this is plus500. With this broker, you can invest in CFD Bitcoin Cash with a leverage up to two. This makes it possible  to trade in this new currency with a smaller amount. In addition, at plus500 you can try the possibilities for free with a demo.Use the button below to directly open a free demo account at Plus500:

Invest in Bitcoin Cash by buying the cryptocurrency

Some other investors choose to buy Bitcoin Cash. You can actually compare this to buying shares. You then buy the Bitcoin Cash in the hope of achieving a nice gain in price.You can buy Bitcoin Cash from various online platforms, some examples are:
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What is Bitcoin Cash?

Bitcoin Cash can be seen as a splitting of the original Bitcoin. When two groups of users disagree about the future of the Bitcoin, a so-called fork can arise and the virtual currency splits up. This also happened with the Bitcoin Cash. Owners of the original Bitcoin will therefore receive an equal amount of Bitcoin Cash on their account.The Bitcoin Cash has many similarities with the Bitcoin. Bitcoin Cash is also a decentralized currency that is not easy to trace. No party can control the exact use of the currency. This makes Bitcoin Cash attractive to various groups of people.

Why was Bitcoin Cash created?

As described earlier, the Bitcoin Cash originated because there was a conflict between two groups. When this is the case, a so-called fork is created in which the currency is split into two variants. The conflict surrounding the Bitcoin was about the size of the transaction network.The Bitcoin is relatively slow, whereby the execution of a transaction within so-called blocks takes an average of ten minutes. This is of course inefficient when you consider that the Bitcoin is becoming more and more common for making payments. Bitcoin Cash tries to solve this problem by reserving more virtual space for transactions. This allows transactions with Bitcoin Cash to be executed faster.Bitcoin Cash

Bitcoin Cash investment strategy

There are two rough strategies for your Bitcoin Cash investment. With the first strategy, you focus on every movement. You can, for example, place orders on both falling and rising prices by using CFD’s at Plus500. If you want to achieve the best results you should time your orders in moments of strong price movements.The second strategy is to buy Bitcoin Cash at an attractive time. If you have a lot of confidence in the future of crypto coins and Bitcoin Cash in particular, you can buy it when the price is in a dip. By doing so, you can benefit from future price increases.

When should you buy & sell Bitcoin Cash?

Just as with buying Bitcoins, when buying Bitcoins Cash timing is essential. For this, you can keep an eye on the news and look at patterns in the graph. The great thing about investing in Bitcoin Cash via an online broker such as Plus500 is that you can always place orders for the various price movements. With Plus500 it is also possible to benefit from price crashes.With modern brokers, you have the option to go short. When you go short, you earn money if the price decreases. This makes it possible to benefit from large downward fluctuations. The fact that Bitcoin Cash is very volatile was already demonstrated at its launch. If you went short at the opening and then bought Bitcoin Cash, you would have profited from the entire ride.Bitcoin Cash graphAs the graph above shows, there are plenty of opportunities to take advantage of this new cryptocurrency. The price moves a lot and by using leverage you can further increase the potential of your investments. Of course, it is important to remember that Bitcoin Cash is volatile and therefore risky. It can therefore be wise to practice with a demo first.

Bitcoin Cash exchange rate

Below you can consult the current rate of Bitcoin Cash. You can also invest directly in Bitcoin Cash by pressing the buy or sell button.

The future of Bitcoin Cash

The future of Bitcoin Cash is still uncertain; whether this new virtual currency ultimately has a right to exist will depend on the number of parties that embrace it. For now, the Bitcoin is still the largest and this will not change soon. Yet, Bitcoin Cash has immediately built up a good position with which it is already one of the larger cryptocurrencies. Therefore, look carefully at whether miners and sellers of digital currencies embrace the new currency; this may be an indication that Bitcoin Cash is becoming more common and this can increase the price.

Invest in Monero: how to successfully trade XMR?

Some people have indicated to us that because of the number of cryptocurrencies they lost a clear overview of the market. Understandable! There are indeed more and more cryptocurrencies you can invest in. One of the cryptocurrencies that might be an interesting investment is Monero. The advantage of Monero is that the transactions are 100% private and cannot be traced back within the blockchain. In this article you can read how you can make money by investing in Monero.

How to buy Monero crypto?

Monero investingWhen you decide to buy Monero, you have to pay close attention to the security. Many investors have lost their Monero coins because they did not properly secure their wallets.Binance is a great platform when you want to invest in Monero for the long term. Within this platform, you do not have to worry about the security of your wallet. Buying Monero and other crypto coins can easily be done by using your credit card or PayPal. You can do this with a reliable crypto exchange:
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How does investing in Monero work?

Investments always involve risks. Investments in Monero are even riskier than investments in stocks. This is because the exchange rates of cryptocurrencies are very volatile and because it is a relatively new financial instrument. This makes it difficult to estimate what will happen to Monero and comparable cryptocurrencies. Are they the future or are they just bubbles?Due to this uncertainty, it is in any case important not to use all your savings on a currency like Monero. It is important to extensively research the benefits of a cryptocurrency like Monero. Keep an eye on the background news, so you do not end up with unpleasant surprises. News has a strong influence on the price of a cryptocurrency.Finally, it is important to draw up a plan. Consider what you are going to buy and how long you are going to hold it. In this way you eliminate the influence of emotions on the decisions you make!

What is Monero?

Monero makes it possible to be your own bank. It is possible to make payments without sending information about the sender or recipient of the transaction. This makes the currency untraceable. Normally, with cryptocurrencies it is possible to view the transactions as this information is publicly available. However, this information is hidden with Monero.To make this possible, a special technology is used which is known as Ring Signatures. This technology shuffles the public encryption keys, so that the transactions cannot be traced back to the origin. This can, of course, be used for anonymizing payments. However, it is also possible to use the technology to secure communication channels between certain devices.Furthermore, Monero has the advantage that the currency will have no problems with scalability. The so-called blocks can dynamically be adjusted, which benefits the stability of the crypto coin. Miners are also used by Monero: they receive a standard minimum reward. This fixed reward ensures that the cryptocurrency has a fixed inflation.

Strategy for investing in Monero

Smart investors have a good strategy. Many people seem to forget that you also need a good plan with crypto coins. Before opening an investment, it is essential to prepare a plan. How many Monero coins do you want to buy? What will be your target price? And at what value do you eventually take your loss?Once you execute the plan, you must continue to follow it regardless of what happens. Many people start to panic when the cryptocurrencies suddenly crash. However, this is dangerous. It is in those moments precisely that you have to hold on to your positions.A good investor often does the opposite of the crowd. In times of panic and crashes it is therefore more attractive to buy. And when the price drops record after record? Then it is perhaps best to grab your winnings on your Monero crypto coins.monero

Should you buy Monero or XMR?

Some people wonder whether it is attractive to buy XMR or Monero physically. If you are considering this, you should, of course, look at the long term. The fact that Monero is actually anonymous contributes in any case to its long-term perspective. Not only honest people will use Monero. Also, criminals will also be happy to use Monero to anonymize their payments.Buying Monero is possible through a so-called wallet. You have to pay attention to the security of this yourself. If you want to take advantage of the volatility of the currency, it is therefore more attractive to invest with an online broker.

Buying IOTA: how to invest in IOTA?

IOTA is a revolutionary digital currency designed specifically for the Internet of Things. The currency is still quite new, so there is still plenty of room for further development. In this article, we will look at how you can invest in IOTA and we will also discuss the innovative technology behind this cryptocurrency.

How to buy IOTA?

Would you like to buy IOTA on the Internet? You can! By buying the cryptocurrency, you really own it and you can also achieve good results in the long term. In this case, it is important to time your trade well, because you will only get good results if the price actually rises. You can do this with a reliable crypto exchange:

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What is IOTA?

The IOTA is a new cryptocurrency developed specifically for the Internet of Things (IOT). The IOT stands for connections that exist between all kinds of electronic devices. Think, for example, of the refrigerator that replenishes your supply of milk or the heating that automatically turns up a few degrees when you are inside. The idea of the Internet of Things is that everything is connected to each other.

The IOTA then offers a decentralized technology that can be used to connect all this information. It does not use the blockchain as bitcoin does. No, with IOTA the new Tangle protocol is used.IOTA is an offshoot of blockchain technology. In blockchain, a linear sequence of transactions is performed, but IOTA uses the so-called ‘Tangle system’. A Tangle is a blockchain-related technology that does not use linear transactions, but is based on parallel transactions.Tangles can be seen as nodes in a web of users of the technology. Each node provides consensus and works in parallel, unlike blockchains which works linearly. There are many advantages of the Tangle technology. For example, the decentralized acyclic graph (abbreviated to DAG) provides almost instant consensus. It also reduces the processing time and the resources required per transaction. There are no miners for the Tangle system and therefore none for IOTA. Therefore, transactions with IOTA are processed faster, which can be a good reason to invest in IOTA.

How did IOTA come about?

IOTA was created in 2015 when four entrepreneurs wanted to create a decentralized network that consumed less power and also solved other blockchain problems. IOTA is therefore not a blockchain technology, but a Tangle system. The tangle makes it possible to process many more and much faster data transactions. With a tangle, the transaction is validated for truth in the form of consensus.This system does not fall short of the security and clarity of traditional blockchain technology. On the contrary, it is a technological improvement based on existing blockchains. This solves the problem of many blockchains, namely scalability. Moreover, this scalability is also offset by very low transaction costs.

IOTA buy

What are the goals of IOTA?

The functions of IOTA are highly innovative. First, it uses the Tangle technology whereby parallel transactions are carried out. With traditional blockchains, an analogous linear transaction must be made one at a time. This takes much longer and cannot take place simultaneously. The Tangle system requires less from the system itself, which makes the whole process lighter and faster. Also, through the ‘Proof of Work’ (PoW) a verification of the transaction is given. This can be compared to the idea of Smart Contracts (SC) in blockchain technology. Compared to SC, the PoW verification consensus system is much faster and simpler to allow for scalability and lower fees.

What are the advantages of IOTA?

The new system behind IOTA has the necessary benefits. As with the normal blockchain, the technology ensures that information that is exchanged cannot be manipulated. This makes financial transactions more secure. After all, with the Internet of Things, there is a chance that someone could try to hack into your fridge to collect the money that normally goes to milk.However, there are further advantages to using IOTA thanks to the Tangle protocol:
  • Costs: no internal transaction costs makes trading advantageous.
  • Scalability: the system is easy to expand
  • Security: the system cannot be hacked
  • Availability: the system is always available, 100% decentralized

What are the disadvantages of IOTA?

There is also a drawback to the new DAG consensus system. The fact that not everyone who participates in the ledger has to provide consensus reduces reliability. This is not to say that the system is not reliable. It is just that the need for a fast transaction is prioritized over receiving consensus from every user. Thus, not every entity on the IOTA network will have insight into the entire log. The system is still very secure and will have to show its true potential in the future. If it does, the value can potentially rise to great heights.

What makes IOTA different from bitcoin?

The major difference with bitcoin in IOTA is the fact that miners are not required. Normally, the capacity of the blockchain is limited by the fact that only a limited number of transactions can be performed per mined block. The Tangle protocol, however, has no mining at all as it uses Directed Acyclic Graph which is a new cryptographic decentralized network that can be scaled indefinitely.

This all sounds complicated and although the technology behind it is interesting, you are naturally curious about what it means exactly. Well, the IOTA requires very little computing power to carry out transactions, so it can take place on all modern devices. This is because all devices that make payments via IOTA are connected to each other, and for each payment made, the device itself has to confirm two other transactions. This means that there is always sufficient capacity available for carrying out transactions.Do you want to know more about the new cryptocurrency IOTA? Then visit the website of the creators of this currency.IOTO protocol

Here you can see why the capacity of IOTA is always sufficient

Investing wisely in IOTA

The technology behind IOTA is certainly promising: especially the unlimited capacity within the new protocol is interesting. However, it is important to take several things into account when investing in IOTA. Firstly, it is essential to do sufficient research before buying IOTA.The price of IOTA is namely largely determined by market sentiment. Cryptocurrencies are often in the news and a positive or negative news item can strongly influence the price. That’s why it’s important to take this into account when investing. When for instance a positive news item about the underlying protocol of IOTA is published, it could be a good moment to buy IOTA.It is important to invest wisely. In any case, do not invest more money than you can afford to lose. It is also wise to use a stop loss when investing in IOTA. In this way, you avoid suffering a major loss in the event of a sudden sharp fall or rise. Also bear in mind that although the technology behind IOTA is promising, it is not yet certain to become the currency that will power the Internet of Things. Therefore, buy only a few IOTA coins and spread your risks!

Buying IOTA

IOTA also has a cryptocurrency called MIOTA. In January 2021, it stood at a value of $0.43 with a total value of over $1.2 billion. Buying MIOTA can be interesting, but it has no intention of becoming a new currency. For example, IOTA is in the process of creating a network of devices that should be able to communicate easily with each other.The future of the Internet of Things must be built around IOTA. That is the goal. Since this is a long-term goal of IOTA, the value of IOTA will not increase in the coming years as it did with other cryptocurrencies. Holding IOTA can be done through a wallet (both software and hardware). It is not recommended to hold cryptocurrency through an exchange because of the danger of a possible hack of the platform. Hardware wallets offer the best security, because this is a physical device.

What should you be aware of when investing in IOTA?

When investing in IOTA, it should be borne in mind that the goal of IOTA will not be achieved within a few weeks. The crypto can be purchased from online crypto exchanges. However, it will be many years before IOTA can be used on a large scale. This is because the network, which is formed by means of the Tangle system, will become stronger and more reliable by connecting more devices.These can then form new tangles and provide consensus, making the entire network more secure and faster. In the future, this offers many advantages. Until then, it may be wise to buy low and wait for the potential of IOTA.

To invest in IOTA or not?

The technology of IOTA seems to have great potential for the future. More and more homes are becoming smart and will need such a system. Smart devices will be able to communicate with each other on the IOTA platform in order to easily and quickly control your device.On the other hand, this change will not happen overnight. It will take a few years before this technology will be in widespread demand. Do you see the potential of IOTA in the long term? In that case, it may be interesting to get in now. To do this, do your research. Something that promises a lot of potential now does not always have to come true.

When to buy IOTA?

  • If the news is good, buy IOTA
  • In case of bad news, sell IOTA

What are cryptocurrencies?

There are many currencies, such as the British pound, the euro and the American dollar. For the last few years there have been not only physical (tangible) coins, but also digital coins. These coins are also called cryptocurrencies.

What is a cryptocurrency?

A cryptocurrency is a digital currency. This currency is not issued by a bank, but is completely separate from the many financial institutions and the various governments. Cryptocurrency is based on cryptography, or a combination of technical codes. The money is not tangible, but is stored in a virtual wallet. You can therefore only spend this money online.The best known cryptocurrency is Bitcoin. This coin was introduced a few years ago and has become very valuable. This is because the demand for cryptocurrencies has increased explosively in recent years.

The history of cryptocurrencies

The financial crisis broke out in 2008. Shortly after, Satoshi Nakamoto (possibly an alias) published the document ‘Bitcoin: A Peer-to-Peer Electronic Cash System’. This document explains the Bitcoin’s invention: a peer-to-peer digital network for payments. The highlight of this network: there are no banks and governments between.At first, the Bitcoin was therefore not a digital currency, but a system to transfer money to other parties without the intervention of a bank or government. Eventually, it evolved from a payment network to a digital currency. Since the creation of the Bitcoin, many more crypto coins have been launched, including Ethereum, Ripple and Litecoin.What are cryptocurrencies

Buying cryptocurrencies

There are several methods for obtaining crypto coins. First, you can buy these coins. This can be done directly at the seller, but there are also platforms that sell Bitcoins.Do you want to buy one or more crypto coins yourself? This is possible at Binance. You can buy Bitcoins and other crypto coins here for less than 0.1% in transaction costs. Use the button to directly open an account with Binance:If you do not want to spend money on your digital coins, you can also ‘mine‘ them yourself. This means that you put your computer to work to ‘make’ coins for you. Your computer writes certain codes in a special computer program and this allows you to obtain Bitcoins. This of course takes longer than buying crypto coins.

Investing in cryptocurrencies

Some people buy crypto coins to pay with these coins, but most people invest in cryptocurrencies to make a profit. If you buy your crypto coins when they have a low value and sell the coins when their value is very high, you can make a profit.The first people who invested in the Bitcoin paid little money to do so. Because the Bitcoin is now extremely valuable, these people have become millionaires for a tiny investment in the past.It is difficult to become a millionaire with cryptocurrencies if you invest in them now, but making a profit is certainly possible. If you buy at the right time and sell the coins again at the right time, you can earn a lot of money with this. Profits of a few hundred or several thousand are common, even with new investors.On the other hand, investing in cryptocurrencies is very risky. You will not be the first investor to lose his or her entire deposit with investments in bitcoins.Do you want to try trading CFD crypto coins without risk with a demo first? Then use the button below to immediately open a free demo at Plus500:

How do you invest in a decreasing Bitcoin price?

The Bitcoin is one of the most volatile things in which you can invest. It therefore happens regularly that the digital currency crashes. However, this is not a reason for panic! It is precisely when the digital currency crashes that you can benefit. In this article we look at how you can achieve a profit on a declining cryptocurrency price.

Possibility 1: speculate on a decreasing price

With modern brokers it is possible to obtain a positive result on the overall decline of, for example, the Bitcoin or Ethereum. You do this by going short. When you go short, every pound drop brings in money for you. This is of course very interesting, especially when you consider that a cryptocurrency like the Bitcoin sometimes drops 40 percent in a day.But how can you go short on the Bitcoin? You can go short at a CFD broker like Plus500 . With this broker you can take advantage of the following benefits in case of a Bitcoin crash:
  • You can speculate on rising and falling prices of each crypto.
  • You can apply leverage to speculate with higher amounts.
  • By using an unlimited demo, you can try it without risks.
Bitcoin crash earn money

Possibility 2: see it as a suitable time to buy

When cryptocurrencies have dropped dozens of percents, you often see that people find it once again a suitable time to buy. When enough people get in, the downward spiral is stopped and then the sellers take over from the buyers. The upward movement causes more and more buyers to enter and before you know it the old price has already been reached.

Timing is important

Timing is essential when deciding whether to buy or sell. To support your decision, you can use the background information. Examine the reason behind the crash. Often a crash occurs as a result of a bad news report or for example a big hack. When determining the cause of the crash, try to determine the impact on the demand for cryptocurrencies. In this way you can determine whether you think that the price is mainly caused by panic or that there is a fundamental reason behind it.Most crashes in Bitcoin arise from panic. This is not surprising when you consider that most people who speculate on the Bitcoin have little or no knowledge of the digital currency. When the price starts to fall, many people dump the coin immediately. This can explain why the price changes within the Bitcoin can be so sharp. If this is indeed the case, you can assume that the price will rise again.However, if there is a good reason for the sharp decline, it may be wiser to wait with buying. There is a good chance that the Bitcoin will at one point crash permanently, and it would be a shame if that was the moment you decided to buy the Bitcoin. Ultimately, the volatility in any case ensures that it is very attractive to invest in the Bitcoin, especially in the short term.

Trading Litecoins: how do you invest in Litecoin?

Cryptocurrencies are booming! Next to the Bitcoin, the Litecoin is also very popular. There is much speculation that the Litecoin could be the successor of the Bitcoin. But how can you make money by trading Litecoins on the internet? In this article you can read everything you need to know about investing in Litecoins.

How can you invest in Litecoins?

There are two distinct methods you can use you invest in Litecoins. Some investors chose to actively trade Litecoins. By actively trading Litecoins you can benefit in every market situation. Other investors decide to buy Litecoins for the long term. We will discuss how you can apply both investment methods.

Litecoin: speculate on sudden movements by trading

Litecoins, like Bitcoins, are very volatile assets. The price can go up or down by as much as ten percent in a matter of minutes. This makes Litecoins very attractive for speculators. By opening and closing positions in Litecoins at the right time, you can make a lot of money!With an online broker, you can easily buy and sell Litecoins. Nowadays, you can also make money when the price is going down by shorting Litecoins. Opening short positions makes it possible to profit from negative news about cryptocurrencies.If you want to try trading Litecoins, it’s best to do this through a demo first. The online broker Plus500 is a good option. At Plus500 you can place fictional trades as a newbie to test their system and practice trading without any of the risks. Use the button below to open a free demo account directly:

Investing in Litecoins for the long term

It is possible to invest in Litecoins for the long term. In that case, you buy this coin in the hope that the value will increase in the long term. Some people trust crypto coins so much they have sold all their assets and converted them into cryptocurrencies. Other people predict a rather dark crypto coin future and refer to the regular cryptocurrency crashes.Would you like to physically buy Litecoin? In that case, Binance is a decent and reliable partner. You can immediately buy Litecoins on their website using for example a credit card. Use the below button to create a free account:

Buy Litecoin eToro

What is the Litecoin?

The Litecoin is known for being one of the first altcoins. An altcoin is a name for all other coins besides bitcoin. The goal of the Litecoin’s developer, Charlie Lee, was to develop a coin that would be faster and cheaper. Just like with Bitcoin, you can use the Litecoin to make payments without the intervention of a third party.

How to determine when to sell or buy Litecoins

Due to high volatility, you can make a lot of money within a few minutes… or lose a lot of money! It’s therefore crucial that you time your trades well. You can do this by keeping an eye on the news.Due to its volatility, Litecoin isn’t touched by professional fund traders. The market therefore mostly consists of speculators – people like you and me who want to make some extra money.Speculators are usually not experts, and they tend to respond strongly to news. A negative news story can therefore be devastating to the price of the Litecoin. When you look at the trends of Litecoins, you’ll see that extreme downward trends are usually followed by extreme upwards trends.Litecoin investing

Profit from the unstable price levels

As a trader, you can profit from the ignorance and inexperience of the average speculator by doing the opposite as the masses. When there’s negative news, don’t stay away from Litecoin, but instead go short, so you can profit from the downward trend!As soon as the price drops, you start buying Litecoins. This way you maximize your profits. It’s essential that you use a stop loss, so you don’t lose all the money in your account if you make a wrong move.Litecoin, like Bitcoin, is a very interesting financial instrument. Litecoin is still in the shadow of the Bitcoin, but this can change! Keep a close eye on Litecoin and profit from the volatility by buying and selling Litecoins at the right time.

Price of the Litecoin

Below you see the current price of the Litecoin CFD. You can also open a position directly using the buttons.

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When I was 16, I secretly bought my first stock. Since that ‘proud moment’ I have been managing trading.info for over 10 years. It is my goal to educate people about financial freedom. After my studies business administration and psychology, I decided to put all my time in developing this website. Since I love to travel, I work from all over the world. Click here to read more about trading.info! Don’t hesitate to leave a comment under this article.