Bitcoin emerged into the spotlight and started growing its unique place in a remarkable way. Trading cryptocurrency is now in trend and many people invest in Crypto to gain profits which have reached above 500 million $. You may need a reason as to why these people invest in cryptocurrency, so they are as follows.
Money Always Remains Yours
As the transactions are being made in a very secured and digital manner it is much faster and safer for people to use it without any kind of hesitation. In this, each block contains data which is stored in a very unique manner which states that the information can never be deleted or forged. While you store your money in the bank it can be robbed any time but when you invest in cryptocurrency your money stays with you forever.
Government Is Not At All Involved
Bitcoin gives you a revolutionary way to handle without any middle man such as bank and the government is no longer required for such transactions or exchange being made. They have no access to control your actions or even track the data as digital operations are being made. The main reason to buy cryptocurrency is that virtual money is safe no matter what the current situation of your country is at present.
Blockchain Is The Leader
This feature called blockchain can be very valuable for public transactions. Many of the countries already have bitcoin ATM’s installed with help of blockchain. Blockchain also always allows us to even handle other information as well.
Investing Is Very Simple As Never Before
Every single thing related to cryptocurrency have become easy then we can ever think. In this generation, a person can access to the internet and easily free funds stored can make an easy investment.
Crypto’s Future In Good Hands
Every real investor focuses on long period profitability rather than becoming obsessed with the short term. Predicting the profit in short time is quite risky as cryptocurrency variations are inevitable that’s why you will have to wait for a long time which is harder but will pay you a good one at the end.
The cryptocurrency industry has blossomed due to which the traffic on the network has increased tremendously. The number of transactions taking place on the network is increasing exponentially along with the spam from the Bitcoin cash and 1MB block size.
It is to be understood that the Bitcoin blockchain processes more than 200,000 transactions per day and all these transactions get assembles in a backlog pool. The miners pick up the transactions from this backlog pool on the basis of their transaction fees attached to it. If the transaction fees is higher, then the transaction will be included in the next block.
But due to this that the blockchain gets crowded and the transactions get stuck. So, in order to accelerate your transactions, you can use Bitcoin Transaction accelerators.
What is Bitcoin Transaction Accelerators?
Bitcoin transaction accelerators are an off-chain request generator into the backlog mining pool which includes your transaction into the next block deliberately. It is mostly paid but you can also get some free requests also.
In a traffic jam situation on the blockchain, then it is a very useful option despite your transactions having a low transaction fee. Since most people are not equipped to apply RBF or CPFP techniques in accelerating their transaction.
Some of the best Bitcoin accelerators avail be in the market are:
BTC.Com is a Bitcoin accelerator and the transaction fees are around $5 to $10. The chances of getting the transaction confirmed in one hour is about 75% to four hours is 98%. The total fees are refunded if the transaction is not confirmed within 12 hours.
ViaBTC is the free Bitcoin transaction accelerator but your transaction fee should be a minimum of 0.0001BTC/KB. It gives 100MB transaction free per hour and any transactions exceeding that have to be paid. In case if experiments, emergencies and genuine lower fees problems, ViaBTC also runs paid service.
- Bitcoin Afterburner
Bitcoin Afterburner acts like a fir-aid kit for the struck transaction. You just have to review all the stuck transactions in your wallet, accept the review fees and it will ensure that your transactions get processed within the next few blocks.
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 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.
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.
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.
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.
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.
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.
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.
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.