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Digital Currency: A Technologist’s Answer to Self-Employment

Digital currency, commonly referred to as “cryptocurrency”, is a type of money that exists only in electronic format. It is a series of data that uses a technology called Block Chain, which acts as a ledger and maintains a history of what the cryptocurrency has been used for. Like coins or paper money, digital currency is stored in a digital wallet and can be used as a traditional method for buyers and sellers to pay for the exchange of goods and/or services. The transfer of ownership of a digital currency is stored as a record on the block chain that can be traced from user to user. There are clear benefits to tracking the activity of any currency, the most significant benefits being proof of ownership and fraud prevention and mitigation.
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The recent rise in popularity of cryptocurrency has given way to a new era of wealth in the technology industry. While traditional ways of generating income or accumulating wealth usually involve exchanging a product or service for money or compensation, digital currency is created in a completely different way. Just like gold or silver is mined from the ground, Digital Currency uses “miners” to process thousands and thousands of calculations every minute, effectively digging through mountains of digital rocks and dirt to find what ends up being the solution to an extremely complex mathematical problem. task.
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Until recently, a technologist’s ability to generate a salary was based on building digital applications or providing their technical skills to businesses. However, with the birth of cryptocurrency, a technologist (or even a novice with some basic computer programming skills) can bypass the groundwork and go directly to the production of this new currency, creating a staff of super-powered computers whose sole purpose is to “mine” cryptocurrency.
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The corporate world relies heavily on the skills and abilities of computer and IT professionals. However, as the popularity of virtual money continues to grow and become more and more popular, combined with the natural skills possessed by even some of the most basic programmers, the corporate world may begin to see cryptocurrency as a threat to their business operations. Compared to answering to a boss at a tech firm, cryptocurrency mining can be a very attractive job opportunity, which could lead to a shortage of skilled programmers in the tech industry.
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Beginner’s Guide: An Introduction to Cryptocurrencies

Introduction: Invest in cryptocurrencies

The first cryptocurrency to emerge was Bitcoin, which was built on blockchain technology and was probably launched in 2009 by a mysterious man called Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins have been mined and it is estimated that only 21 million bitcoins can be mined. Other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and Bitcoin hard forks such as Bitcoin Cash and Bitcoin Gold.
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Users are advised not to put all their money in one cryptocurrency and try to avoid investing at the peak of the cryptocurrency bubble. It was seen that the price suddenly fell down when it was at the peak of the crypto bubble. Since cryptocurrency is a volatile market, users should invest an amount that they can afford to lose as no government can control cryptocurrency as it is a decentralized cryptocurrency.
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Steve Wozniak, co-founder of Apple predicted that Bitcoin is the real gold and in the future it will dominate all currencies like USD, EUR, INR and ASD and become the global currency in the coming years.
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Why and why not to invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to emerge and since then around 1600+ cryptocurrencies have been released with unique features for each coin.
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Some of the reasons I came across and would like to share, cryptocurrencies were built on a decentralized platform – so users don’t need a third party to transfer cryptocurrency from one destination to another, unlike fiat currencies where the user needs such a platform. like a bank, to transfer money from one account to another. Cryptocurrency built on very secure blockchain technology and almost zero chance of hacking and stealing your cryptocurrencies unless you share your important information.
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You should always avoid buying cryptocurrency at the peak of a cryptocurrency bubble. Many of us buy cryptocurrencies at their peak hoping to make a quick buck and fall prey to the hype of the bubble and lose our money. Users are better off doing a lot of research before investing. It is always a good idea to invest in multiple cryptocurrencies rather than just one as few cryptocurrencies have been seen to grow more, some on average, when other cryptocurrencies fall into the red zone.
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Cryptocurrencies in the spotlight

In 2014, Bitcoin holds 90% of the market, with other cryptocurrencies holding the remaining 10%. In 2017, Bitcoin still dominates the crypto market, but its share has fallen sharply from 90% to 38%, while altcoins such as Litecoin, Ethereum, Ripple have grown rapidly and captured most of the market.
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Bitcoin still dominates the cryptocurrency market, but it is not the only cryptocurrency to consider when investing in cryptocurrency. Some of the main cryptocurrencies you should consider are:

Bitcoin

Litecoin

Pulsation

Ethereum

Throne

Civil

Golem

Monero

Where and how to buy cryptocurrencies?

While it was not easy to buy cryptocurrencies a few years ago, now there are many platforms available to users.

In 2015, there are two main bitcoin platforms in India – Unocoin wallet and Zebpay where users can buy and sell only bitcoins. Users should only buy bitcoins from their wallet, not from another person. There was a difference in the buying and selling rate and users have to pay some nominal fee to complete their transactions.
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In 2017, the cryptocurrency industry grew dramatically and the price of Bitcoin rose spontaneously, especially in the last six months of 2017, which made users look for alternatives to Bitcoin and crossed 14 lakhs in the Indian market.

As Unodax and Zebpay are the two major platforms in India which dominated the market with 90% market share – which only dealt with Bitcoin. This allows other entities to develop alongside other altcoins and has even led Unocoin and others to add more currencies to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies apart from trading Bitcoins in Unocoin. The difference between both platforms was that Unocion only provided instant buying and selling of Bitcoins, while on UnoDAX, users can place an order for any available cryptocurrency and if it matches the recipient, the order will be executed.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users have to open an account with any exchange by registering with email id and submitting KYC details. Once their account is verified, you can start trading the coins of your choice.

Users should do their research well before investing in any coins and avoid getting trapped in the cryptocurrency bubble. Users should research the exchange’s trust, transparency, security features, and more.

All exchanges charge some nominal fee for each transaction. There are two types of payments – creator fee and baker fee. In addition to the transaction fee, there is a transfer fee to be paid if you want to transfer your cryptocurrencies to another exchange or to your personal wallet. Prices are purely coin and exchange dependent as different exchanges have a price difference module for coin transfers.

Major altcoins other than Bitcoin

As mentioned above, Bitcoin dominates the market with a share of 38%, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many more. If any of the coins suit your portfolio, you should buy it.

But you should invest money in the market that you can afford to lose because the cryptocurrency market is very volatile and no government can control it.

When to buy?

There is no hard and fast rule when to buy your favorite cryptocurrency. But it is necessary to investigate the stability of the market. You shouldn’t, but at the peak of the cryptocurrency bubble or when the value is continuously collapsing. The best time is always when the price is stable at a relatively low level for some time.

A method of storing cryptocurrencies

Before buying any cryptocurrency, you need to understand how to keep your cryptocurrency safe.

Generally, all exchanges provide a vault where you can store your coins safely. Do not share your username, password, 2FA details when you store cryptocurrency on exchanges.

Paper wallet, hardware wallet, software wallet are some of the channels where you can store your cryptocurrency.

Paper Wallet: A paper wallet is an offline way to cold store your cryptocurrency. It prints your private and public key on a piece of paper that also has a QR code printed on it. You just need to scan the QR code for your future transactions. Why is it safe? No need to worry about your account being hacked or a malware attack. You just need to keep your piece of paper in a locker and if possible keep two or three pieces of paper in your wallet under your complete control.

Hardware Wallet: A hardware wallet is a physical device where you keep your cryptocurrency safe. There are many forms of hardware wallet, but the most commonly used is the USB hardware wallet. If you store your cryptocurrency in a hardware wallet, you just have to keep in mind that you should not lose your hardware wallet, because once you lose it, you will not be able to get your cryptocurrency.

One famous case where a person mined over 7,000 bitcoins and stored them in his hardware wallet and stored them in another hardware wallet. One day he threw away the hardware wallet he was storing his cryptocurrency in instead of damaged hardware and lost all his bitcoin.

What can you buy in cryptocurrencies in India?

Most people assume that buying and selling any cryptocurrency is only for investing and getting high returns in the long and short term. Bitcoin influencers and investors believe that Bitcoin will dominate all fiat currencies and be accepted as an international currency in the coming years.

Dell is one of the largest e-commerce companies that accepts Bitcoin as payment. Other examples are Expedia and UNICEF.

In India, Sapna Book Mall accepted Bitcoin as payment through the Unocoin merchant service. People used to book movie tickets through BookMyShow or top up their mobile using the Unocoin platform. According to the report, they have stopped the service but plan to launch it again soon.

Conclusion:

Cryptocurrency is one of the growing investment sectors and in the past it has given better returns than real estate, gold, stock markets etc. You can buy a cryptocurrency and hold it for the long term for a nice profit or go short term for a quick profit as we have seen many coins grow by 1000%+ in the past. Since cryptocurrency is a volatile market and the government does not control the industry. One should invest an amount in any cryptocurrency that they can afford to lose.

You can store your cryptocurrency in a hardware wallet, a paper wallet, a software wallet if you don’t want to store it on the exchange you trade with.

Why did banks ban cryptocurrency purchases with their credit cards?

The wave of banks banning cryptocurrency purchases with their credit cards is growing as Wells Fargo now supports such bans. A number of other banks such as Chase, Bank of America, Citigroup and others are also part of this new trend that restricts the purchase of cryptocurrencies.

It seems that debit cards can still be used to buy crypto (check with your bank to confirm their policy), but the use of credit cards to buy crypto has changed and these banks are leading the way with these purchase bans, and it probably won’t be long time before this ban becomes standard.

It would seem that the overnight purchases started to disappear when credit cards were used to buy crypto, and people who had never had a problem before buying crypto with their credit cards started to notice that they were no longer allowed to make such purchases. Volatility in the cryptocurrency market is the culprit here, and banks don’t want people to spend a lot of money that will be a problem to get back if there is a major cryptocurrency downturn like it did earlier in the year.

Of course, these banks will also lose money to be made when people buy cryptocurrency and the market goes up, but they seem to have decided that the bad outweighs the good when it comes to gambling with their credit cards. It also protects consumers by limiting their ability to get into financial trouble by using credit to buy something, which could leave them cash and credit poor.

Most investors who used credit cards to buy cryptocurrency were probably looking for a short-term gain and didn’t plan to stick around for the long term. They were hoping to get in and out quickly and then pay off their credit cards before the high interest rates started. But due to the constant volatility of the cryptocurrency market, many of those who bought with this plan in mind lost huge amounts of assets as the market went down. Now they are paying interest on the money they lost, which is never a good thing. This, of course, was bad news for banks, and has led to the current and growing trend of banning crypto purchases with credit cards.

The lesson here is that you should never max out your line of credit to invest in crypto, and only use a percentage of your hard assets to buy crypto. These funds should be funds that you can block for the long term without hurting your budget.

So, don’t find yourself investing in a cryptocurrency you’ll need soon, only to find that an economic downturn has taken the money out of your pocket. There’s an old adage that says, “Don’t gamble with money you can’t afford to lose,” and that’s a lesson banks want people to learn as they venture into this new investment frontier.

What is Bitcoin?

Over time, Bitcoins have become a very well-known and popular form of currency. However, what is Bitcoin? The following article will examine the pros and cons of this currency that came out of nowhere and spread like wildfire. How is it different from regular currencies?

Bitcoin is a digital currency, it is not printed and never will be. They are conducted electronically, and this is also not controlled by anyone. They are produced by people and businesses, creating the first ever form of money known as cryptocurrency. While conventional currencies can be seen in the real world, Bitcoin works through billions of computers around the world. From Bitcoin in the United States to Bitcoin in India, it has become a global currency. However, the biggest difference from other currencies is that it is decentralized. This means that no specific company or bank owns it.

Who created it?

Satoshi Nakamoto, a software developer, suggested and created Bitcoin. He saw this as a chance to have a new currency on the market free from central authority.

Who is printing this?

As mentioned earlier, the simple answer is no one. Bitcoin is not a printed currency, it is a digital currency. You can even transact online using bitcoins. So you can’t produce unlimited bitcoins? Not at all, bitcoin is designed to never “mine” more than 21 million bitcoins in the world at once. Although they can be broken down into smaller amounts. The hundred millionth part of a bitcoin is called a “satoshi” in honor of its creator.

What is Bitcoin based on?

Bitcoin is mainly based on gold and silver for normal use. However, the truth is that Bitcoin is actually based on pure mathematics. It also has nothing to hide as it is open source. So anyone can look at it to see if it works as they claim.

What are the characteristics of Bitcoin?

1. As mentioned earlier, it is decentralized. It is not owned by any particular company or bank. Each Bitcoin mining software makes up a network and they work together. The theory was, and it worked, that if one network goes down, the money still flows.

2. Easy to set up. You can create a Bitcoin account in seconds, unlike the big banks.

3. It’s anonymous, at least in that your bitcoin addresses are not linked to any personal information.

4. It’s completely transparent, all transactions using Bitcoin are shown on a big chart known as the blockchain, but no one knows it’s you because there are no names associated with it.

5. Transaction fees are negligible and compared to bank fees, the infrequent and small fees charged by Bitcoin are close to zero. It’s fast, very fast. Wherever you send the money too, it usually arrives within minutes of processing.g. It is non-disputable, meaning that once you send your bitcoins, they are gone forever.

Bitcoin has significantly changed the world and the way we view money. Many people wonder if it is possible to live off Bitcoins. Some even tried to do it. Despite this, Bitcoin is now part of our economy, a unique kind of currency, and it’s not going away anytime soon.

Bitcoin Mining and Security Part 2

Let’s recap crypto security and check out part 1 if you need to.

Bitcoin security is important. Your Bitcoin or any other cryptocurrency has a unique address, identification or private key. Therefore, you should be aware of the importance of keeping it safe. If you lose it, it is difficult to recover it, so it is necessary to secure it as best as possible.

I have to make this clear because safety must be of the utmost importance and should not be taken lightly.

There are countless stories of people who have lost access to their computers (due to negligence or abuse) and as a result have been unable to recover their bitcoins or other cryptocurrency. This should be equivalent to damage to the wallet due to pickpocketing or carelessness.

Fortunately, there is a way to doubly protect your assets. A secure hardware wallet ensures that in the event that you unfortunately lose access to your computer or tablet, etc. (by any means) you will be able to recover your bitcoins, ethereum, litecoins, etc.

A hardware wallet allows you to restore your cryptocurrency on any other computer as it is basically a USB connection that you use to secure your transactions.

The second level of security.

Trezor is an original hardware wallet that is easy to configure to keep your bitcoins safe. There are other products available, but for the rest of this article I’ve decided to look at the Trezor hardware wallet first.

The core tenet of Trezors bitcoin security is zero trust.

Using the Trezor screen, you can independently verify and physically confirm each transaction directly on your device.

It also asks you for a PIN every time you log in. So you are always present.

As a single-purpose device, the wallet has no other functions.

Simple means more security.

Trezor is no exception in terms of malware or virus risk. However, the fewer devices the Trezor communicates with, ie. there is no bluetooth, wifi or qr code scanning, so the simpler the communication protocol, the safer your bitcoin security.

Also, the Trezor doesn’t have a battery. When it is disabled, it is disabled and your coins are safe from any cyber attack.

I hope I have emphasized the importance of Bitcoin security. Main problems: zero trust and concrete security. Also, make sure your backup process is just as secure, ie if necessary, make sure your data is accessible to someone you fully trust.

Cryptocurrency basics and how it works

In the times we live in, technology has made incredible progress compared to any time in the past. This evolution has changed human life in almost every aspect. In fact, this evolution is a continuous process and thus human life on earth is constantly improving day by day. One of the latest inclusions in this aspect is cryptocurrencies.

Cryptocurrency is nothing but a digital currency that has been developed to ensure the security and anonymity of online monetary transactions. It uses cryptographic encryption to both create currency and verify transactions. New coins are created through a process called mining, while transactions are recorded in a public ledger called the transaction block chain.

A little way back

The evolution of cryptocurrency is mainly related to the virtual world of the Internet and involves the procedure of converting legible information into a code that is almost impossible to crack. This makes it easier to track purchases and transfers involving currency. Cryptography, since its introduction during World War II to secure communications, has evolved into this digital age, blending with mathematical theories and computer science. Therefore, it is now used to provide not only communication and information, but also money transfers through a virtual network.

How to use cryptocurrency

It is very easy for ordinary people to use this digital currency. Just follow these steps:

  • You need a digital wallet (obviously to store currency)
  • Use the wallet to create unique public addresses (this allows you to receive currency)
  • Use public addresses to transfer funds to or from your wallet

Cryptocurrency wallets

A cryptocurrency wallet is nothing more than software that is capable of storing both private and public keys. In addition to this, it can also interact with different blockchains so that users can send and receive digital currency and keep track of their balance.

How digital wallets work

Unlike the regular wallets we carry in our pockets, digital wallets do not store currency. In fact, the blockchain concept has been so intelligently mixed with cryptocurrency that currencies are never stored in a specific location. They are also nowhere to be found in monetary or physical form. The blockchain only stores records of your transactions and nothing else.

An example from life

Let’s say a friend sends you digital currency, say Bitcoin. What this friend does is it transfers ownership of the coins to your wallet address. Now, when you want to use this money, you unlock the fund.

To unlock the fund, you need to match the private key in the wallet with the public address that the coins are assigned to. Only if these private and public addresses match will your account be credited and your wallet balance will increase. At the same time, the balance of the sender of the digital currency will decrease. In digital currency transactions, the actual exchange of physical coins never takes place anyway.

Understanding Cryptocurrency Address

By its nature, it is a public address with a unique string of characters. It allows the user or holder of a digital wallet to receive cryptocurrency from others. Each public address that is created has a corresponding private address. This automatic matching proves or establishes ownership of a public address. As a more practical analogy, you can think of a public cryptocurrency address as your email address to which others can send emails. Emails are the currency people send you.

It is not difficult to understand the latest version of technology in the form of cryptocurrency. It takes a bit of interest and time on the net to understand the basics.

How to copy successful Forex traders

Last year, several top Forex brokers introduced the concept of social trading on Forex. The idea is simple: the best Forex traders share their trades with the community, and other traders are free to copy their trading strategies. This is a new idea that allows novice Forex traders to learn from Forex experts.

Many of the best social Forex brokers allow you to search for traders to copy based on profit, risk level and the number of other traders who copy the Forex trading expert. This makes it easy to find popular Forex traders to copy, but there are a few things you should consider when copying a Forex trader.

  1. Popular doesn’t always mean best. Most brokers allow you to see how many people are copying a Forex expert. However, the number of copiers alone does not necessarily indicate a strong trader. Many times, users flock to a trader after he makes one big profit trade, hoping to score again. A trader may have thousands of followers, but that doesn’t mean the followers are making money.
  2. Don’t copy a Forex trader just because of the high profitability. Just like a trader’s popularity, a Forex trader’s results can be misleading if not read properly. One of the most popular Forex brokers has dozens of traders whose statistics reflect 300% profit from Forex trading. That’s a surprising number, but you have to consider the number of trades and the amount of capital you’re risking for those profits. If you don’t have a large trading account, you may not be able to survive the drawdowns that occur on the way to those big Forex profits.
  3. Check the risk profile. Most of the leading social Forex brokers offer some measure of trader risk. While many high-risk Forex traders manage to make big profits, the strategies used may not work for all traders. Beginner Forex traders, in particular, should copy lower risk traders so that one trade does not put their entire account at risk.
  4. Diversify! Don’t risk your entire Forex trading account copying one trader. Instead, choose a few different traders and split your money between them. This will reduce the overall risk, as only part of your account will be at risk when a trader makes a risky trade. Yes, you may miss out on a great trading opportunity from time to time, but the goal is to make a steady profit in Forex.

If you keep these ideas in mind, you will have a much better chance of successfully copying other Forex traders. Social forex trading programs are a great way to start trading forex while reducing risk while new traders learn the forex market. However, risk still exists and traders should be wise in their decisions when choosing traders to copy.

Grow your pension through cryptocurrency investments

All over the world, the average life expectancy of people has increased not by days, but by hours. Compared to the 1950s, it has grown by 50%, and compared to the 1980s – by 30%. Long gone are the days when company-sponsored retirement plans alone were enough to enjoy a relaxed and worry-free golden age.

Today, with other expenses such as housing, education, health care and more rising, some people find it increasingly difficult to save for retirement.

Unfortunately, the hard truth is that people of all generations, from baby boomers to millennials, are not saving enough for retirement. The economy is one of the world’s most underrated epic crises.

“Retirement is difficult. It’s never too early or too late to start preparing for retirement.”

Therefore, people try to find alternative opportunities that provide them with higher income in a shorter period. Traditionally, real estate, private and venture capital are in demand. Now a new and more complementary way to make money and make profitable investments has joined the picture – enter cryptocurrencies.

Investing in cryptocurrency is for those who don’t want to put all their eggs in one basket

One of the biggest benefits of investing in cryptocurrency is that it separates your portfolio from reserve currencies. Let’s say if you live in the UK, your retirement portfolio is bound to have shares in UK companies if you’re into equity. What will happen to your portfolio if the British pound crashes? And given today’s volatile political scenario around the world, nothing is certain.

Therefore, investing in cryptocurrency makes the most sense. With a digital currency investment, you are effectively creating a basket of digital coins that acts as an effective hedge or safe bet against weakness in the reserve currency.

The average investor should allocate only a small portion of their retirement assets to crypto due to its volatility. But volatility can short both sides — think back to health care stocks in the 1950s and tech stocks in the 1990s. Smart early investors were the ones who made it big.

Don’t fall behind and don’t lose. Incorporate crypto into your assets to start building a truly diversified portfolio.

Cracking the Wall – Build your confidence in cryptocurrencies

One of the biggest and biggest hurdles most new crypto investors face is that they can’t trust digital currencies. Many people, especially people who are not tech savvy or close to retirement, do not understand what promotion is. Unfortunately, they fail to realize and appreciate the countless possibilities of cryptocurrency.

The reality is that cryptocurrencies are one of the most reliable assets backed by the latest technology. Blockchain technology, which works with digital currencies, allows trading immediately and forever without the need for third-party verification. It is a peer-to-peer system that is completely open and works on advanced cryptography principles.

Retirement planning funds should work to demystify cryptocurrencies

To build trust and gain people’s support, pension funds must educate investors about the endless possibilities of cryptocurrencies. To do this, they need advanced analytics to help provide robust risk analysis, risk/return metrics and forecasts.

In addition, investment companies can create specialized cryptocurrency advisory services to help and guide new investors. In the coming years, you can expect to see several intelligent AI-based advisors appear on the scene – helping to calculate the right investments based on a person’s time horizon, risk tolerance and other factors.

Human advisors can work alongside these smart advisors and provide customers with personalized advice and other suggestions as needed.

The need for greater visibility and comprehensive control

Retirement investors looking to add cryptocurrencies to their asset portfolio need more control and visibility as they experiment with this new asset. Look for platforms that allow you to consolidate all your assets in one place. An integrated solution that allows you to manage and balance all your assets, including traditional ones like bonds and stocks with new asset classes like cryptocurrency wallets.

Having such a broad platform that supports all of your assets gives you a holistic view of your portfolio, helping you make better, more informed decisions. This way, you will reach the ultimate goal of saving for your goals faster.

Look for investment planning portals that also provide additional features such as recurring cryptocurrency deposits at scheduled or unscheduled intervals.

Advances in technology support for cryptocurrency investing

Cryptocurrency investing will only become mainstream when the enabling technology allows investors to trade coins seamlessly, even for new investors with no know-how. It should be possible to exchange one digital coin for another, or even for fiat currencies and other non-tokenized assets. If this becomes possible, it will eliminate middlemen from the equation, thereby reducing costs and additional fees.

As the technology that supports cryptocurrency investment and trading matures, the value of digital currencies will further increase as the currency becomes mainstream with wider availability. This means that early adopters will make huge profits. As more and more retirement investment platforms integrate cryptocurrency, the value of digital currencies will inevitably increase, offering significant benefits to early adopters like you.

If you’re wondering if it will take a few years for these kinds of retirement investment platforms to see the light of day, you’d be wrong. Auctus is one such portal that is currently in an alpha launch stage. It is the first of its kind retirement portfolio platform to include digital currencies. Auctus users can receive investment advice from both humans and AI-powered analytical tools.

At the moment, users can save for retirement using Bitcoin, Ethereum and several other digital currencies. In addition, users can use the automated rebalancing feature, which allows you to automatically adjust your portfolio using a set of preset rules.

This holistic approach ensures that users can reach their retirement goals sooner by making smart and sound investment choices or decisions.

Final Thoughts – You can’t ignore cryptocurrencies in your retirement portfolio

Yes, it is true that cryptocurrencies are very volatile. In fact, there is speculation online that “cryptocurrency is nothing more than a get-rich-quick scheme” and the bubble is likely to burst soon.

The uncertainty doesn’t mean cryptocurrencies shouldn’t be part of your retirement portfolio, even if you have short investment horizons. On the other hand, the current fall in cryptocurrency prices in 2018 means that you have a rare opportunity to profit.

Greater trust, holistic and directly controlled investment management capabilities, and advances in supporting technologies ensure that digital currencies are an excellent investment choice to include in your retirement portfolio.

7 advantages of cryptocurrency

Cryptocurrency is a digital alternative to using credit cards or cash for everyday payments in a variety of situations. It continues to grow as a viable alternative to traditional payment methods, but still needs to become more stable before ordinary people will fully welcome it. Let’s take a look at some of the many benefits of using cryptocurrency:

Fraud – Any issues with fraud are minimized because cryptocurrency is digital, which can prevent chargebacks or counterfeit payments. This type of operation can be a problem with other traditional payment methods such as credit card due to chargebacks.

Identity Theft – There is no need to provide personal information that could lead to identity theft when using cryptocurrency. When you use a credit card, the store receives a lot of information related to your credit line, even for very small transactions. In addition, credit card payment relies on a withdrawal transaction when a certain amount is requested from the account. When paying in cryptocurrency, the transaction is based on a push payment, which gives the account holder the option to send only the exact amount without additional information.

Versatile use – Payment in cryptocurrency can be easily made according to certain conditions. A digital contract can be created to make a payment to be made in the future, to refer to external facts, or to obtain the approval of third parties. Even with a special contract, this type of payment is still very fast and efficient.

Ease of Access – Cryptocurrency usage is widely available to anyone with access to the Internet. It is becoming very popular in some parts of the world, such as Kenya, where almost 1/3 of the population uses a digital wallet through a local microfinance service.

Low Fees – One can complete a cryptocurrency transaction without having to pay any additional fees or charges. However, if a digital wallet or third-party service is used to store cryptocurrency, a small fee will likely apply.

International Trade – This type of payment is not subject to country-specific fees, transaction fees, interest rates or exchange rates, making cross-border transfers possible with relative ease.

Adaptability – With nearly 1,200 unique types of cryptocurrencies on the global market, there are many opportunities to use a payment method that fits specific needs. ​​​​​​While there are many uses for coins for everyday use, there are also those that are designed for a specific use or in a specific industry.

What is Bitcoin? A short and informative guide

A cryptocurrency that continues to captivate the world, the first of its kind, Bitcoin was once a completely cool realm of tech geniuses who sought to uphold a philosophy of maximum autonomy, but Bitcoin’s shot at fame is due to the promise of a vast consumer base. However, for uninformed consumers, the question remains. So what is Bitcoin? Some really haven’t figured out this wildly volatile cryptocurrency yet. Bitcoin, which is created and stored electronically, is actually a form of digital currency. In fact, no one can control the network, the currency is decentralized. It appeared in 2009 as the brainchild of an individual with the fictitious name of Satoshi Nakamoto. Using P2P technology to function, Bitcoin has a distinctive and flexible function to reach everyone who is interested. Its worldwide recognition is a feature that adds to its popularity.

Accountable to no one, Bitcoins are quite unique. Bitcoins are sovereign by their own specific rules and are not printed underground by any bank, but are mined digitally by large numbers of people participating in a colossal network or community. Miners usually use a huge amount of processing power and there is a lot of competition when mining Bitcoins. Computers solve complex mathematical problems. A rival miner also has the prospect of earning bitcoins in the process simply by solving the problem. However, the level of complexity of these problems is becoming more intense every day. Transactions on the Bitcoin network are non-stop and continuous, and the tracking of these transactions is quite systematic. The Bitcoin network maintains methodicality, as all transactions are collected into a block over a period of time. Miners have to confirm transactions, and everything is listed in a ledger, which is simply a set of blocks called a blockchain. The blockchain actually holds the key to the details of any transaction made through different Bitcoin addresses.

Integrating Bitcoin into people’s lives is the most desired thing right now. This is quite easily achieved with the advent of exchanges. Bitcoin enthusiasts can have a lot of choices when it comes to purchasing this digital currency. A bitcoin exchange allows consumers to buy or sell bitcoins using fiat currencies. There are many exchanges, but originally Mt. Gox was the most famous and widely used before its collapse. On exchanges, consumers can buy or sell bitcoins using wire transfers, cash or credit/debit card payment. Exchanges offer a secure real-time trading platform. Enthusiasm and unrelenting madness always accompany Bitcoin. With so many enthusiasts wanting to trade Bitcoin, the fledgling currency and all the craze surrounding it seems to be growing by the day. All the knowledge associated with it seems to be as important as the currency itself. The importance of the “Bitcoin wiki”, an autonomous project, cannot be denied at all. It will serve as a repository of knowledge for Bitcoin enthusiasts around the world.

How to understand Bitcoin?

A Guide to Understanding Bitcoin and Cryptocurrency?

Although Bitcoin is one of the most searched terms (according to Google), it is a very technical topic for many people and can become too technical for non-humans. However, there are now hundreds of cryptocurrencies and more and more people are starting to want to know how they work, perhaps because of the mistrust of bankers, which is a whole other discussion.

It’s hard to get a layman’s explanation without using technical terms like “secret keys”, “digital keys”, “digital wallet” and “cryptocurrency”, so I’ll do my best to make things as simple as possible. it is possible.

The concept of maternity money, ie. paper currency, was formulated to make it easier for people to exchange goods or services instead of bartering, since at best it would be limited to an exchange between two willing parties, while money allows you to provide your service or goods and then purchase any services or goods, that you need from another or others.

Therefore, I would argue that Bitcoin is the 21st century equivalent of barter as it works as an exchange of goods or services directly between two willing parties. Barter had to be based on every promise and trust to secure and deliver the promised goods or services.

Today, with Bitcoin or any other cryptocurrency, each party will need a unique file or unique key to exchange an agreed value between them.

Having a unique key or file makes it easier to keep track of each transaction. However, it also comes with challenges.

Barter is a simple exchange of skills or goods, as I said, the modern equivalent, or Bitcoin is susceptible to security breaches, ie. your transactions.

Basically you need a secure location to buy and hold your cryptocurrency/bitcoins. Hence the need for a hardware wallet.

So now that you’ve recorded/recorded which address holds how many bitcoins, and then updated every time a transaction takes place, that file is called a “block chain” – and it stores records of all bitcoin transactions.

The next task is to make sure that our files remain unique.

I will deal with this in my next article.

What is Monero?

Monero is an open source cryptocurrency project with better security and privacy than most virtual currencies. It is designed to give everyone the ability to control their finances without the control of the government or financial agencies. Adopted cryptographic methods ensure that a spy does not know about your transactions.

Who created Monero?

Monero is very much a community project, with no one person behind it. More than 240 professionals, consisting of developers and marketers, gathered and breathed life into it. However, about 30 developers are known. Anyone can contribute to this network by donating their skills or capital.

Monero has no base in any country. Therefore, it may be difficult to shut it down or restrict its operation in a particular country. However, you shouldn’t be too sure, as China and South Korea have already proven that any cryptocurrency can be taken out of business in certain jurisdictions. A couple of months ago, China officially banned ICOs.

Monero security features

Without a doubt, the Monero Blockchain is one of the safest places to transact. The Ethereum and Bitcoin blockchains are transparent, so anyone can verify the authenticity of a transaction. This means that anyone with excellent computing skills and resources can easily decipher the real identity of users. This is very disgusting, because it goes against the main principle of decentralized projects – confusing the details of the user.

Monero’s cryptographic techniques mystify user data, making it impossible for data sniffers to extract anything. The two main security protocols used are ring signatures and hidden addresses. The first mixes up all the addresses on the network, making it difficult for outside observers to link a single address to a specific account.

The latter refers to the condition where the address is used for only one transaction. There cannot be a single address for two or more transfers. Used addresses are untraceable and new ones are created during the next transaction. In short, all the details related to the sender, the recipient and the amount of the transfer are beyond control. However, this network is not completely “closed” as people can choose who can see their transactions.

Pros of Monero

• Private, secure and untraceable

• Scalable without blockchain limitations

• A strong and efficient team

• Widely accepted

• Has a plan to incentivize miners to support the blockchain even if the supply runs out

• Selective transparency – you choose who can see your transactions

Cons of Monero

• Has small levels of centralization

• Not yet widely distributed

The future of Monero

Decentralized technologies are creating a lot of hype these days, and that just means widespread acceptance. As this technology becomes more widespread and governments try to clamp down on users, investors will demand more private-oriented cryptos, and this may just put Monero in the top spot. This currency is definitely worth a try.