Bursting the bubble

Cryptocurrency has become interesting as well as a profitable field for investors. It provides them with decentralized transactions and high exchange rates. Earlier, these digital coins were available for an enormously low price as compared to that at present. Those who buy these at that time can now use them to buy even a car. This is because of the exponential increase in the price of these cryptocurrencies. There are many crypto tokens available as well. Usually, tokens provide a user with transactions in a specific platform. Price of crypto tokens has also increased. Out of these crypto coins and tokens, the one with the most increase in its price is Bitcoins.

Causes of busting of the bubble

Bitcoin is one of the most popular crypto coins. It provides users with transactions in a wide range of platforms. Investors have a major attraction towards Bitcoin. However, many experts have told that the cryptocurrency is forming a bubble. This bubble formation imposes a huge risk on investors. This is because of the collapse that will take place in the cryptocurrency price. In 2018, there has been a huge fall in cryptocurrencies. Investors were no longer ready for investment in the crypto field. This resulted in the busting of the bubble of the cryptocurrency and blockchain. The sudden fall in the price of the cryptocurrency poses many problems to the investors and other organizations related to it.


Organizations who sold an item in exchange of cryptocurrencies were expecting a rise in the price. However, the busting of the cryptocurrency bubble resulted in the direct loss of these organizations. Cryptocurrency exchanges also take place internationally. The busting caused a huge loss in this field as well. Bitcoins were the ones with the most drop among all other cryptocurrencies. However, the cryptocurrency is developing and is trying to be just like the normal currencies along with many additional features. These features will provide more transparency in the transactions. Security in the crypto field is also increasing so as to stop blockchain accounts from getting hacked.


Bitfinex is one of the most popular platforms which is used for the cryptocurrency exchanges. iFinex Inc. has provided users with Bitfinex so that they can easily exchange their crypto coins to the hard currency. Earlier, the exchange was just limited to Bitcoins. However, the number of crypto coins has increased on this platform. There has been an increase in the number of users of Bitfinex, lately. Despite the popularity of Bitfinex, there are many issues related to it. The majority of these were related to the problem users faced due to lack of security. Hackers stole thousands of dollars from the user’s account. As a result, the majority of the banks were not wanting to get into a relationship with Bitfinex.

Bitfinex features

Bitfinex is quite different from other platforms as it involves centralization. The margin trading has been one of the most important features of Bitfinex. However, the extra charge is negligible and is posted on the transactions lesser than 10,000 dollars. It also provides users with many tools that make the transaction for the users easier. Bitfinex also helps users through its app which is available both for the Android and iOS smartphone users. Due to the various concerns, Bitfinex has raised its security. However, this has increased the work of its users. This is because users have to provide details like address, and other documents. Also, these documents should be made available in the English language.

Development of Bifinex

Bitfinex is still improving and is planning to add more features to provide users with easy interface. It has started to offer more efficient cryptocurrency trading to the users. Users are only provided with dollars by exchanging cryptocurrency. However, this will increase to more number of currencies. This is because of the increase in the acceptance of cryptocurrency in different countries. However, Bitfinex has planned not to provide services to the USA anymore. Due to many rules and regulations, Bitfinex is facing many issues in the USA. This will, however, increase the effectiveness of the Bitfinex in other countries.

Blockchain Crowdfunding Business

Crowdfunding is one of the most important parts of the business field. In crowdfunding, a small share is taken from a large number of people. It is one of the best ways to increase the capital which can further be used to start a project. There are many types of crowdfunding among which users can choose as per their requirements. Cryptocurrency is another field which has shown rapid growth in the business sector. As a result, both of these fields have also merged to provide users with blockchain crowdfunding business.

The advantage of blockchain in crowdfunding

Users can donate some amount of their cryptocurrencies in crowdfunding business. This is possible through blockchain. These can, therefore, be used to start a new association. There are many fields that have started accepting cryptocurrencies as one of their payment methods. Also, it is an important sector for investors. As a result, there are many firms who readily donate these cryptocurrencies and get a proper amount of share from the profits earned.

Platforms for Blockchain Crowdfunding

There are many platforms available for crowdfunding in the crypto field. Some of the sites provide users to donate less than or equal to a specific amount. In some platforms, when the amount is asked by the people to be refunded, they get their cryptocurrencies in the form of dollars with the current exchange rate. This can either be profitable or can lead to a loss due to the fluctuations in the exchange rate. Trybe is doing good work in this field. Trybe is actually a knowledge sharing cryptocurrency and blockchain platform.

With the help of cryptocurrencies, the majority of the startups get exposure to a large number of audience with the help of the blockchain. Blockchain Crowdfunding has proven to be one of the best techniques for startups. There are not only common people present in the blockchain but also many large organizations. If they like the idea of a startup, they are ready to donate a large amount of capital. They believe in the success of the idea in near future. There are many more platforms which are under development and will provide crowdfunding feature along with some additional features that includes better security.

Islamic Finance – Cryptocurrency

When it comes to cryptocurrency, Islamic community’s stand is divided. This is due to the state of confusion and an on-going debate on whether to consider cryptocurrency as legitimate form of investment or not. Even though Shariah law emphasises on the usage of physical assets for any type of economic investment, world still has mixed views on the use of cryptocurrency. Because of this, whereas some groups allow the usage of digital currency, some advises caution whereas some have totally prohibited them.


Cryptocurrency companies on the other hand are trying to make the most out of this debate and trying to sway it by coming up with a model to back the cryptocurrency using the physical assets. A company, OneGram, founded on this theory, backs 1gram of OneGram cryptocurrency with 1 gram of gold. The idea is to curb the widespread speculations.

OneGram even received the ruling in their favour from a Dubai based consulting firm stating that OneGram CRYPTOCURRENCY confirms with Islamic principles. Such kind of firms are now available in sizable numbers.


Interestingly, even though global sharia bodies have not ruled on permissibility of the usage of cryptocurrency, they don’t have any authority to implement the standards in Islamic finance. Hence, many Islamic state banks have issued warnings to their customers on the usage of bitcoins but have not imposed any sort of ban at the same time.  This whole state of confusion that arose due to the conflicting school of thoughts between financial institutions, academic schools and religious bodies has led investors to totally rely on their judgement while making investments in cryptocurrency.


The situation becomes even more complicated due to the presence of multiple cryptocurrency tokens in the market. The sharia law mostly revolves around the Bitcoins while keeping all the remaining cryptocurrency tokens under the same blanket. The problem with this approach is that it ignores the peculiar features related to mining and distribution that each cryptocurrency offers. Some believe that having a blanket rule for all of them is not appropriate, since cryptocurrency tokens are different in terms of their underlying projects, businesses and commodities.

Gridcoins CryptoCurrency

The very first cryptocurrency platform to use the computational power of blockchain is Gridcoin. Gridcoin was launched in October 2013 by Rob Halförd, a pseudonym. Since other cryptocurrenicies are plagued with the allegations of not having any practical usage apart from being traded, Gridcoin tries to earn respect by showcasing how it can be useful for scientific researches, mathematics and more.

How Gridcoin makes itself useful? Unlike other cryptocurrency, which are mined for the sole purpose of trading, Gridcoin does things differently by rewarding the miners for performing computations for BOINC. BOINC, or Berkeley Open Infrastructure for Network Computing, is an open source distributed platform which supports computations performed voluntarily. Since setting up a supercomputer for heavy computations is a financial challenge, BOINC thrives by allowing anyone in the world to offer the computation power of their personal computer. At the same time, BOINC has multiple project running. This covers medicine, mathematics, science and may more. The volunteer can choose the project of his choice to offer his share of computation power. Gridcoin awards the coins to the miners in proportion to the work they do for BOINC.

Who all can mine? – With a PC, anyone. If you have a personal computer, you can volunteer to share the computational power and be a part of the Gridcoin miners. For that, you can either go solo or in a pool with several other volunteers.

Where to Buy Gridcoins? – There are popular exchange platforms like Flyp, Bittrex bisq and other which can be used to buy Gridcoins. Point to note here is, if you go by the volume, Bittrex is the biggest platform among all that are available in the market. In addition to the point mentioned earlier where we pointed out how you can earn gridcoins by contributing to BOINC projects, you can also earn Gridcoins by ‘staking’. Consider staking as a fixed deposit where you buy and store the Gridcoins for a specific period of time. Like it happens in fixed deposit, as a reward you earn interest on the holdings, thereby increasing the number of gridcoins in your kitty.

The best place to invest your money


Money is earned when we invest our most precious resource on it. That is time.  We all want to earn some extra income from our hard earned money. We can earn money only till we can invest our time and energy for it. We are earning money today but tomorrow we may not be able to do so. This is when our investments play their part. If we invest our hard earned money in the right place today, this money will earn for us in future. If you are one of those people who want their money to earn for them and are confused about where to invest it today, cryptocurrency may be the best solution for each of your confusions.

What is Cryptocurrency?

“Cryptocurrency”, this word doesn’t need any introduction to the modern world. The peak of digital technology in recent years, has brought a new way of transaction where no real money is required. It has made a significant place in the financial markets of each and every country of the world and has attracted a lot of investors towards it worldwide.

Benefits of investing in cryptocurrency

There are hundreds of reason to invest in cryptocurrency. It has brought many advantages for the investors with it. The value of cryptocurrency is very high nowadays and those people who invested in cryptocurrency a few years ago have already multiplied their investments by twice or thrice. Cryptocurrency is extremely safe and every transaction needs the approval of a network of computers to complete. You simply need to invest your money on the right thing at the right time. Check these key things that can make your investment fruitful.

Rumours about investing in cryptocurrency

There are many rumours prevailing among people about investing in cryptocurrency. People consider that investing in cryptocurrency may be risky because they think that its value may fall rapidly in future but in the modern world, cryptocurrency is seen as global currency for the next generation and thus, a good investor, who wants his money to earn for him, will always choose the option that is worthy for the future and will definitely invest his hard earned money in this new trend of digital currency.

Best ways to earn money through Cryptocurrency


Cryptocurrency is a form of money which is available online and serves the same functionalities as that of money. Cryptocurrency can be replaced to compensate any country currency and gives the value of the services or products. Cryptocurrency is useful to buy things through online purchases. Cryptocurrency is also good to earn money and can provide excellent returns. Some of the common ways to earn money online through cryptocurrency are

  • By micro earning websites- this is a very simple yet very time consuming way of making money through cryptocurrency. These websites include bitcoin faucet, small tasks on websites, or paid to click sites
  • An EOS Airdrop is another excellent way, and highly secure mode of passive income earning which can bolster your additional income exponentially.
  • By affiliated marketing- affiliated marketing pays a particular amount of money in a form of commission for attracting or bringing referrals to an existing website related to cryptocurrency.
  • Writing about cryptocurrency- writing about cryptocurrency gives massive earning possibilities. The way of making money through cryptocurrency is highly lucrative and rewarding. It purely depends on the level of the writing piece and its subject.
  • Provides cryptocurrency services- provides support in cryptocurrency development project as software engineers, web developers, mining experts, or online marketers can help to make money through cryptocurrency.
  • By trading of cryptocurrency- this needs a deep knowledge of the market, good skills and expertise to earn money by trading. It has a potential to make huge money. Trading of the cryptocurrency gives higher returns to the trader and a single trade can pull in thousands of dollars.
  • Through cryptocurrency mining- mining of cryptocurrency can create new coins. Although, it was very simple in its early years but now it is much harder and need excellent computer hardware and electricity support.
  • By cryptocurrency lending- it can be worked out with the help of third party website. These websites help in lending cryptocurrency to other person on a particular interest rate. This gives higher profits as cryptocurrency lending gives higher interest rates.

These are some of the widely used and accessible ways of earning money through cryptocurrency. All of these methods are used by many people over the years and gives huge profits. Putting a little effort on just one method can give higher return and make more money with the help of existing money.

Evaluating an investment on cryptocurrency


The beginning of cryptocurrency investment started off by the end of the year 2009. This flew under the radar of the investors at that point of time but, after half a decade later it suddenly rose into the headlines for a great investment opportunity for everyone. This overwhelming reaction was solely because of the high returns on the investments made on Bitcoin. However, in the current time the situation has neutralised a lot. People have started to acknowledge the risk factors vested in them and new crypto currencies have started coming up. Now how do you choose the right crypto currency for investment? Read more here.

The team is important:

Make sure to look at the team who has developed the currency at the first place. This is the deciding point as intellectuals and people with good reputation would be more likely to put forward a better investment scheme for the traders and public at large.

Project essentials:

Cryptocurrency projects have goals and visions with a time frame like any other investment programme. Be very confident that the project has strong roots to its vision and they can get you good returns in the near future. You can determine this by analysing their short term goals and the long term plans.

Whitepaper has it all:

Any cryptocurrency project’s whitepaper can easily be a deciding factor for the people to invest wisely. The whitepaper has all the essentials an investor or trader would like to know about their project. You can go through the whitepaper thoroughly to get an overall idea before your investment.


The team’s coordination towards the community explains their reasoning and genuine attitude towards their investors. If you think they are handling a great job at updating the community with progress and defaults then it’s a green light for investment.

There are a lot of cryptocurrencies coming up in the current year and many more to come. Apart from the aforesaid point you can also dig in for more authentic indications about a successful investment. Make your investment at the right place.


Earning Money with Cryptocurrency


A lot of discussions have been spurred with the rise of crypto currency profit makers towards the mid of the current decade. The revenue earned by a lot of people with the investment on cryptocurrency left traders wanting for more. Even the general public wanted to invest on crypto currency because of its staggering high return. However, half way across the current decade the stories of people facing extreme losses also came out which made the people rethink their investment plans. So what is it to earn money from crypto currency? Is it safe and simple or involves risk taking and planning?

Risk involved with crypto currency investments:

Just like any other investment, the risk of getting equal or profit making returns have been translucent. Only the people who have studied the market or people with a working strategic plan get hefty returns with their investments. Similarly, crypto currency investments are no different from any other investment in the market. They carry their share of risk and needs to be fully understood before investing.

Earning online:

The scope of earning online through investments in crypto currency is pretty high and a lot of people have started doing it. There is no such particular age group who are into this since the resources attached to this process are very much available to anyone right now. The process being even simpler because of the growing number of ICOs and stage or crowd funding events. You can learn more ways to earn money online from here.

How to choose the right investment?

This question has been asked a lot of times in crowd funding events and other ICOs by the users. Being the very basics of the frequently asked questions it is first necessary to know the market and the currency you would be investing. The rest would follow up after the investment is made.

Unlike the short term and long term investments, cryptocurrency has a way of getting huge returns or hefty losses. Hence, it is highly important to consult a specialist or take time yourself to know more about the coin before investing.

What is an Altcoin and Why Should You Invest in It?


Many people believe that an Altcoin is a new cryptocurrency like Bitcoin. It is not true because an altcoin is any cryptocurrency that is introduced to fulfill a specific purpose and functionality with some unique differences with Bitcoin. It is not a Bitcoin but it can be Ethereum, Bitcoin Cash, XMR, Litecoin, Ripple, etc. You might not believe it but millions of cryptocurrency traders are investing in Altcoins. Bitcoin’s value is fluctuating and the recent downfall in Bitcoin’s price had thrilled many crypto investors. Therefore, now people are investing their money in alternative cryptocurrencies which have a great potential of success in the future.

Why should you invest in an altcoin?

Since Bitcoin is the most popular cryptocurrency in the world, a trader can face a tough competition while trading this crypto asset. As a beginner, you might find it very expensive to trade bitcoins. The altcoins are not as popular as Bitcoin. These are cost-effective crypto assets with good potential of success in the future. You will not face a big loss even if altcoins’ prices go down in the future. However, you can make a huge profit if their prices rise.

As you can check online, there are more than 1,500 altcoins and many new are about to release. These cryptocurrencies might not be popular but these assets are traded on a daily basis. Altcoin transactions can be cheaper because of bigger and more technologically advanced blockchains. Bitcoin risks are forcing businesses to adopt new crypto assets such as Ethereum and Bitcoin cash. Business organizations are accepting these altcoins because their blockchain can cope with a huge number of transactions within each minute. As the facts depict, an Ethereum blockchain processes double transactions than Bitcoin and that’s why Ethereum’s popularity is increasing with each passing day.

Even though Bitcoin is ruling the crypto industry today, it might not always be the best crypto asset. New Altcoins can replace Bitcoin and position themselves as the most profitable crypto assets in the future. Therefore, it would be a wise decision to invest in Altcoins.