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How to trade cryptocurrencies – basics of investing in digital currencies

Whether it is the idea of ​​the cryptocurrency itself or the diversification of their portfolio, people from all walks of life are investing in digital currencies. If you are new to the concept and are wondering what is going on, here are some basic concepts and considerations for investing in cryptocurrencies.
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What cryptocurrencies are available and how can I buy them?

With a market capitalization of about $ 278 billion, Bitcoin is the most established cryptocurrency. Ethereum is second with a market capitalization of over $ 74 billion. In addition to these two currencies, there are a number of other options, including Ripple ($ 28 billion), Litecoin ($ 17 billion) and MIOTA ($ 13 billion).

As the first on the market, there are a lot of exchanges for trading Bitcoins around the world. BitStamp and Coinbase are two well-known US stock exchanges. Bitcoin.de has established a European exchange. If you are interested in trading other digital currencies along with Bitcoin, then there is a crypto market where you will find all digital currencies in one place. Here is a list of exchanges according to their 24-hour trade volume.

What options do I have for saving money?

The next important consideration is keeping coins. One of the possibilities, of course, is keeping them on the stock exchange where you buy them. However, you will need to be careful when choosing an exchange. The popularity of digital currencies has resulted in many new, unknown exchanges appearing everywhere. Take time for detailed analysis to avoid scammers.
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Another option you have with cryptocurrencies is that you can store them yourself. One of the safest options for storing your investment is hardware wallets. Companies like Ledger allow you to store bitcoin and several other digital currencies.

What is the market like and how can I find out more about it?

The cryptocurrency market fluctuates greatly. The unstable nature of the market makes it more suitable for long-term play.

There are many established news websites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph, and Cryptocoin News. In addition to these sites, there are many Twitter accounts that post tweets about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies aim to disrupt the traditional currency and commodity market. Although these currencies have a long way to go, the success of Bitcoin and Ethereum has proven that there is a genuine interest in the concept. Understanding the basics of investing in cryptocurrencies will help you go in the right direction.

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Cryptocurrency: Fintech disruptor

Blockchains, sidechains, mining – terminology in the secret world of cryptocurrencies piles up in minutes. While it sounds unreasonable to introduce new financial conditions into an already intricate world of finance, cryptocurrencies offer a much-needed solution to one of the biggest disruptions in today’s money market – transaction security in the digital world. Cryptocurrency is a crucial and disruptive innovation in the fast-moving world of fin-tech, an appropriate response to the need for a secure medium of exchange in the age of virtual transactions. At a time when bids are just digits and numbers, cryptocurrency suggests doing just that!
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In its simplest form, a cryptocurrency is a proof of concept for an alternative virtual currency that promises secured, anonymous transactions over peer-to-peer network networks. The wrong name is more of a property, not an actual currency. Unlike everyday money, cryptocurrency models operate without central government, as a decentralized digital mechanism.
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In the distributed mechanism of cryptocurrency, money is issued, managed and approved by a collegial network of the collective community – whose continuous activity is known as mining on a peer machine. Successful miners also get coins by appreciating their time and resources spent. Once used, transaction information is broadcast in a blockchain on a public key network, preventing each coin from being spent twice by the same user. The blockchain can be considered a cash register. The coins are secured behind a password-protected digital wallet that represents the user.
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The procurement of coins in the world of digital currencies is decided in advance, without manipulation, by any individual, organizations, government entities and financial institutions. The cryptocurrency system is known for its speed, as transaction activities through digital wallets can materialize funds in minutes, compared to a traditional banking system. The design is also largely irreversible, which further reinforces the idea of ​​anonymity and eliminates any further chances of asking for money back to the original owner. Unfortunately, prominent features – speed, security and anonymity – have also made cryptocurrencies a way of transaction for a number of illegal shops.
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Just like the real world money market, currencies fluctuate in the digital coin ecosystem. Thanks to the final amount of coins, as the demand for the currency increases, the coins inflate in value.

Bitcoin is by far the largest and most successful cryptocurrency, with a market capitalization of $ 15.3 billion, occupying 37.6% of the market and currently costing $ 8,997.31. Bitcoin appeared on the foreign exchange market in December 2017, trading at a price of $ 19,783.21 per coin, before facing a sharp decline in 2018. The decline is partly due to the rise of alternative digital coins such as Ethereum, NPCcoin, Ripple, EOS, Litecoin and MintChip.

Due to the hard-coded constraints of their supply, cryptocurrencies are considered to follow the same economic principles as gold – the price is determined by limited supply and fluctuations in demand. With the constant fluctuations of exchange rates, their sustainability remains to be seen. Consequently, investing in virtual currencies is currently more speculation than the everyday money market.
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After the Industrial Revolution, this digital currency is an indispensable part of technological disruptions. From the point of view of the casual observer, this climb can suddenly seem exciting, threatening, and mysterious. While some economists remain skeptical, others see it as a lightning revolution in the monetary industry. Conservatively, digital coins will squeeze out about a quarter of national currencies in developed countries by 2030.
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This has already created a new asset class in addition to the traditional global economy, and a new set of investment funds will come from crypto-financing in the coming years. Recently, Bitcoin may have been bathed to direct light into other cryptocurrencies. But that doesn’t mean any decline in the cryptocurrency itself. While some financial advisers emphasize the government’s role in tearing down the secret world in regulating the central governance mechanism, others insist on continuing the current free flow.
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The more popular cryptocurrencies are, the more control and regulation they attract – a common paradox that disrupts the digital note and erodes the primary goal of its existence. In any case, the lack of intermediaries and supervision makes it extremely attractive to investors and causes drastic changes in everyday trade. Even the International Monetary Fund (IMF) fears that cryptocurrencies will displace central banks and international banking in the near future. After 2030, regular trade will be dominated by a crypto supply chain that will offer less friction and greater economic value between technologically skilled buyers and sellers.
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If a cryptocurrency aspires to become a key part of the existing financial system, it will have to meet very different financial, regulatory and social criteria. It will have to be protected from hackers, consumer-friendly and strictly protected in order to offer its basic benefit to the main monetary system.
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It should preserve the anonymity of users, without being a channel for money laundering, tax evasion and internet fraud. Since this is essential data for a digital system, it will take a few more years to figure out whether a cryptocurrency will be able to compete with the real currency in full swing. While likely to happen, the success of the cryptocurrency (or lack thereof) in solving the challenges will determine the richness of the monetary system in the days to come.
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The best bitcoin trading platforms

Cryptocurrency not only provided the fastest way to transfer money, but also a new entity for trading and earning, in addition to stocks and other commodities. Although you can sell and buy Bitcoin directly, you can also use Bitcoin exchanges to continue trading cryptocurrencies. There are many exchanges where Bitcoin trading is safe and secure, and customers are facilitated by many extended services. As an investor or cryptocurrency trader, you can choose any exchange for your convenience. Still, it is recommended to take a peek at the reviews of some before opting for one. Below is a brief overview of the best bitcoin exchanges around the world.
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CoinBase: It is probably one of the most famous and largest bitcoin trading exchanges with double objects that trade directly and through wallets. CoinBase was founded in 2012 through the venture invention of the Y-Combinator and has grown rapidly since then. There are many lucrative services like multiple deposit and cash withdrawal options, cash transfers between two CoinBase are current, multiple signature wallet contents for more secure transfers, Bitcoin deposits are insured for any loss, etc. CoinBase has a wide range of payment partners in Europe and the United States, which allow transactions to be performed through them without hindrance. It has relatively low transaction fees and offers Bitcoin trading, along with a large number of Altcoin trades.
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CEX.IO: One of the oldest and most well-known exchanges launched in 2013, London as a Bitcoin Trading Exchange, and also as a cloud mining facilitator. Later, its mining power grew so enormously that it held almost half of the network’s mining capacity; however, it is now closed. “CEX.IO” allows customers to expand to a much larger volume of Bitcoin trading, and has the ability to make Bitcoin immediately available at the requested price. However, a slightly high amount of exchange is charged for this exchange, but this is offset by the security and ability to enable multi-currency transactions (dollar, euro and ruble) to purchase bitcoin.
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Bitfinex: It is one of the most advanced trading exchanges, and is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as for Bitcoin, this exchange has better options such as leverage, margin financing and multi-account trading.
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In addition, Bitfinex offers customizable GUI features, many types of orders, such as limits, stops, follow-ups, markets, and more. This exchange also offers about 50 currency pairs that can be traded and that can be easily picked up for everyone. One of the largest exchanges in terms of volume traded Bitfinex offers a pseudonym for trading and only some services require identification. The only drawback of this exchange is that it does not support the purchase of Bitcoin or any other altcoin through fiat transactions.
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Bitstamp: Founded in 2011, it is the oldest stock exchange offering cryptocurrency and Bitcoin trading. Most appreciated because, despite being the oldest, he has never been under security threat lately. Bitstamp currently supports four currencies Bitcoin, Ethereum, Litecoin and Ripple, and is also available with the mobile app, in addition to the trading website.
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It has nice support for European users or merchants who have an account in Euro banks. Security is advanced and is of the cold type, which means that the coins are kept offline. So you can say that it is completely impossible for any hacker to infiltrate. Finally, its complex user interface suggests it is not for beginners but for professionals and offers relatively low transaction fees.
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Kraken: It is one of the largest bitcoin trading exchanges in terms of liquidity, the volume of crypto trading in euros and trading in Canadian dollars, US dollars and yen.
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Kraken is the most respected stock exchange targeted through the turmoil of cryptocurrency trading and has managed to keep the amount of buyers safe despite the fact that other stock exchanges have been hacked at the same time.
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With more than 14 cryptocurrency trading facilities, the user can deposit fiat as well as cryptocurrency, along with a similar capacity to withdraw money. However, it is not suitable for beginners, but it has better security features and low transaction fees compared to CoinBase. The most important factor for Kraken is that he is trusted in the community and that he was the first to show the quantities and prices at the Bloomberg terminal.
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A brief history of Bitcoin

Bitcoin is the world’s leading cryptocurrency. It is a peer-to-peer currency and a system of transactions based on a decentralized consensus-based public ledger called a blockchain that records all transactions.

Now bitcoin was invented by Satoshi Nakamoto in 2008, but it is the product of many decades of research into cryptography and blockchain, and not just the work of one man. The utopian dream of cryptographers and free trade advocates was to have a decentralized currency without borders based on blockchain. Their dream is now a reality with the growing popularity of bitcoin and other altcoins around the world.

Now, the cryptocurrency was distributed for the first time through a blockchain based on consensus in 2009, and in the same year it was traded for the first time. In July 2010, the price of bitcoin was only 8 cents, and the number of miners and knots was quite smaller compared to tens of thousands currently.

Within a year the new alternative currency had risen to $ 1 and was becoming an interesting prospect for the future. Mining was relatively easy and people made good money by earning trades and even paying with it in some cases.

Within six months, the currency doubled again to $ 2. Although the price of bitcoin is not stable at a certain price point, it has been showing this pattern of insane growth for some time. In July 2011, at one point, the coin went crazy and reached a record high price of 31 US dollars, but the market soon realized that it was overvalued in relation to the profit made on the field and returned it to 2 dollars.

December 2012 saw a healthy rise to $ 13, but the price will soon explode. Within four months of April 2013, the price had risen to a staggering $ 266. It later corrected back to $ 100, but this astronomical price increase became a star for the first time and people started discussing the real-world scenario with Bitcoin.

Around that time, I was introduced to the new currency. I doubted, but as I read more about it, the more it became clear that the currency was the future, because there was no one to manipulate it or impose itself on it. Everything had to be done with complete consensus and that is exactly what made him so strong and free.

Thus, 2013 was a revolutionary year for the currency. Large companies began to publicly favor the acceptance of bitcoin and blockchain became a popular topic for IT programs. Many people then thought that bitcoin served its purpose, and now it will calm down.

But the currency became even more popular as bitcoin ATMs were set up around the world and other competitors began to strain their muscles at different market angles. Ethereum developed the first programmable blockchain, and Litecoin and Ripple began as a cheaper and faster alternative to bitcoins.

The magic figure of $ 1,000 was first broken in January 2017 and has since quadrupled by September. It’s a really remarkable achievement for a coin that was only worth 8 cents for just seven years.

Bitcoin even survived hard fork on August 1, 2017 and has since risen by almost 70%, while even fork bitcoin cash has managed to achieve some success. It’s all because of the appeal of the coin and the stellar blockchain technology behind it.

Although conventional economists claim that it is a bubble and that the whole crypto world would collapse, this is simply not the case. There is no such bubble, as it is a noticeable fact that he actually ate the shares of fiat currencies and corporations with money transactions.

The future is extremely important for bitcoin and it is never too late to invest in it, both in the short and long term.

Getting started with cryptocurrencies

Investing in the space of the cryptocurrency market is often complex, especially for traditional investors. This is because investing directly in cryptocurrencies requires the use of new technologies, tools and the adoption of some new concepts.

If you decide to dip your fingers into the world of CryptoCurrency, you will need to have a clear picture of what to do and what to expect.

Whether it is Bitcoin, Litecoin, Ethereum or any of the 1300 tokens, buying and selling cryptocurrencies requires you to choose the Exchange that trades the products you want.

Being the best known decentralized cryptocurrency, Bitcoin runs the crypto space so dominantly that the terms crypto and bitcoin are sometimes used interchangeably. The fact is, however, that there are other cryptocurrencies that can be trusted in crypto-investments.

Litecoin

Litecoin, also called ‘silver in bitcoin gold’, is an open source decentralized payment network that operates without the involvement of intermediaries.

How is Litecoin different from Bitcoin? Well, both are similar in many ways, but the generation of Litecoin blocks is much faster than the Bitcoin generation. This makes investors around the world open to accepting Litecoin.

Charlie Lee, a former engineer at Google, founded Litecoin in 2011. Although Litecoin does not have Bitcoin anonymity technology, recent reports show that Litecoin is preferred after bitcoin because of its consistency. Another factor that favors Litecoin is Bitcoin SegWit technology which means secure equal currency trading without involving exchange.

Ethereum

Launched in 2015, Ethereum is a decentralized software platform that allows the distribution of applications and smart contracts to function without third-party interference. Currency is an ether that is like an accelerator within the ethereum platform. In the leading space of cryptocurrency, Ethereum. is the second most desirable choice after Bitcoin.

Zcash

Zcash attracted attention in the second half of 2016 and focuses on solving the problem of anonymous transactions. To understand the currency, let’s take it as “if bitcoin is like HTTP for money, Zcash is HTTPS”.

Currency offers the choice of a protected transaction to maintain the transparency, privacy and security of transactions. This means that investors can transfer data in the form of encrypted code.

Dash

Originally known as darkcoin, Dash is a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield under the name Xcoin. It is also known as a decentralized autonomous organization or simply DAO. The coin was supposed to eradicate all the prevailing restrictions of Bitcoin. Currently, Bitcoin has earned a significant position in the space of cryptocurrencies.

An alternative to a virtual currency that promises secured and anonymous transactions via peer-to-peer networking is cryptocurrency. The key to making a lot of money is the right investment at the right time. Compared to everyday earnings, cryptocurrency models function without the involvement of any middle man as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, continuous activity is issued, managed and supported by the peer-to-peer community. Cryptocurrency is known for fast transactions in any other way, such as digital wallets and other media.

In addition to the above, other major cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and ripple (XRP).

Although bitcoin is the driver of trends and leads the race, other currencies have also taken their significant position and are becoming more and more preferred every day. Given the trend, other cryptocurrencies will have a long way to go and could soon give Bitcoin a really hard time to maintain its position.

If you have decided to invest speculatively in this disruptive technology and want to have all the current and future recommendations, connect with “The Top Coins”.

Crypto TREND 2017-01

Everyone has heard that Bitcoin and other cryptocurrencies have created millionaires from those they bought a year ago. Gains of 1,000% or more are not only possible, but have been a commonplace for many of these cryptocurrencies. Someone who bought Bitcoin for less than $ 500 in May 2016 would have a profit of 1,400% in approximately 17 months. Then we’ve seen Bitcoin lose nearly $ 1,000 over the last few days, so to say these cryptocurrencies are volatile would be a big understatement.

Since the founding of Bitcoin in 2008, we at Trend News have questioned the viability of cryptocurrencies, given that they pose a very clear threat to governments that want to see and tax all transactions. But while we can still be wary of real cryptocurrencies, we are very aware of the potential of the underlying technology that drives these electronic currencies. In fact, we believe that this technology will significantly disrupt the way data is managed and will affect every sector of the global economy, much like the internet has affected the media.

Here are some questions and answers to get you started …

Q: What are cryptocurrencies?

The most famous cryptocurrency (CC) is BITCOIN. It was the first CC, launched in 2008. Today there are more than 800 CCs, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero and they are all “virtual”. There are no “physical” coins or currencies.

Q: How do CCs work?

CCs are virtual currencies that exist in very large distributed databases. These databases use BLOCKCHAIN ​​technology. Because every Blockchain database is widely distributed, it is considered immune to hacking because there is no focal point of attack and every transaction is visible to anyone online. Each CC has a group of administrators, often called “miners”, who validate transactions. One CC called Ethereum uses “smart contracts” to validate transactions. Crypto TREND will provide more details in the upcoming news.

Q: What is BLOCKCHAIN?

Blockchain is a technology that supports all CCs. Each transaction for the purchase, sale or exchange of CC is entered in a BLOCK that is added to the chain. This technology is complex and will not be explained here, but it can lead to a revolution in the financial services industry, as transactions can be executed quickly and easily, reducing or eliminating fees. The technology is also being tested for application in many other industries.

Q: Are CC exchanges regulated by the government?

The answer is mostly NO, which is a big attraction for some users of this market. At the moment, it is the “wild west”, but governments in the most developed countries are examining this market to decide which regulations may be needed. It is a big decision whether to consider CC as a currency or a commodity / security. Canada and the US have so far stated that CCs are legal, however the situation remains fluid in terms of reporting and tax implications. Crypto TREND will monitor and report on these events.

Q: How do I invest in this market?

You can buy, sell and exchange CCs using the services of specialized “stock exchanges” that act as brokerage houses. You first select Exchange, set up an account and transfer fiat currency to your account. You can then send orders BUY and SELL CC. There are many exchanges around the world. Opening an account is quite simple and all of these exchanges have their own rules on initial funding and withdrawals.

Crypto TREND will recommend CC exchanges in the future.

Q: Where can I keep CC?

To have the freedom to move cryptocurrencies and pay bills, you will need to have a digital wallet. These wallets come in several formats, such as cloud-based desktops, hardware (USB), mobile phones and paper. Many of them are FREE, however, security is a big factor because no one ever wants to lose a wallet or steal it. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrency for some financial transactions, such as money transfers and bill payments. The list of companies that accept cryptocurrency is growing rapidly, and includes big hitters like Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynge, Subway and WordPress.

Q: What’s next?

As we get started, each of the Crypto TREND articles will be short, and the scope of each will be as small as possible. As mentioned earlier, we believe that cryptocurrency technology will change the game and potential investment opportunities like this once or twice in a lifetime. Make no mistake, an early investment in this sector will only be for your most speculative capital, money you can afford to lose.

Even if you don’t want to invest at the moment, gaining an early understanding of this new disruptive technology will put you in a favorable position to profit from our recommendations as we move forward.

Expect to see more news and concrete recommendations from Crypto TREND as we embark on this journey into what may initially seem like a foreign jungle. This is an unstable market and may not be to the liking of all investors, however, Crypto TREND will be your guide if and when you are ready.

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A Beginner’s Guide to Your Own Bitcoin Cryptocurrency

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

You may hear about stocks, commodities, Forex and now a new currency called Bitcoin trading that is greatly affecting our lives. In this initial guide to Bitcoin cryptocurrency you will get to know ABC Bitcoin.

About Bitcoin cryptocurrency

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

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

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

Key terms related to the cryptocurrency Bitcoin

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

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

Things you can do with bitcoins

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

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

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

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

If you liked this beginner’s guide to Bitcoin cryptocurrency, share it and like it on social media.

What are the top 5 cryptocurrencies other than bitcoin?

Bitcoin has been running the crypto world for so long and so dominantly that the terms crypto and bitcoin are often used interchangeably. However, it is true that digital currency does not only consist of Bitcoin. There are numerous other cryptocurrencies that are part of the crypto world. The purpose of this post is to educate our readers about non-Bitcoin cryptocurrencies to provide them with a wide range of options to choose from – if they intend to make crypto-investments.

So let’s start with the first name on our list, and that is:

Litecoin:

Launched in 2011, Litecoin is often referred to as ‘silver in bitcoin gold’. Charlie Lee – an MIT graduate and former engineer at Google, is the founder of Litecoin.

Similar to Bitcoin, Litecoin is a decentralized open source payment network that operates without a central body.

Litecoin is similar to Bitcoin in many ways and often makes people think, “Why not go with Bitcoin? It’s both similar!”. Here’s the catch: Litecoin’s block generation is much faster than Bitcoin’s! and this is the main reason why retailers around the world are becoming more open to accepting Litecoin.

Ethereum:

Another, decentralized open source software platform. The currency was launched in 2015 and enables the creation and launch of smart contracts and distributed applications without downtime.

Applications on the Ethereum platform require a specific cryptographic token – Ether. According to the basic developers of Ethereum, the token can be used for trade, protection and decentralization of almost everything.

Ethereum experienced an attack in 2016 when the currency split into two parts: Ethereum and Ethereum Classic.

In the race of leading cryptocurrencies, Ethereum is the second most popular and right behind Bitcoin.

Zcash:

Zcash came out in the later part of 2016. The currency is defined as: “if Bitcoin is like http for money, Zcash is https”.

Zcash promises to provide transparency, security and privacy of transactions. Currency also offers the option of a ‘secure’ transaction so that users can transfer data in the form of encrypted code.

Dash:

Dash is originally a secret version of Bitcoin. It is also known as ‘Darkcoin’ because of its mysterious nature.

Dash is popular because it offers extended anonymity that allows its users to disable transactions.

The currency first appeared on the canvas of the digital market in 2014. Since then, she has experienced a large number of fans in a very short period of time.

Ripples:

With a market capitalization of over a billion dollars, Ripple is a last name on our list. The currency was launched in 2012 and offers instant, secure and cheap payments.

The Ripple Consensus Book does not require mining, a feature that makes it different from Bitcoin and other major cryptocurrencies.

The lack of mining reduces computing power which ultimately minimizes latency and speeds up transactions.

Wrap:

Although Bitcoin still leads in the crypto package, rivals are accelerating. Currencies like Ethereum and Ripple have surpassed Bitcoin in corporate solutions and are growing in popularity on a daily basis. Following the trend, other crypto-games remain here and will soon give Bitcoin a very difficult time to maintain its status.

International regulations for cryptocurrencies will create win-win situations

Background

The initial offering of coins on blockchain platforms has colored the world red for technology startups around the world. A decentralized network that can assign tokens to users who support the idea with money, revolutionizes and rewards.

It turned out that Bitcoin, which turned a profit, was a “property” for early investors, giving multiple returns in 2017. Investors and cryptocurrency exchanges around the world took the opportunity by writing enormous returns for themselves that led to a rise in multiple online exchanges. Other cryptocurrencies like Ethereum, Ripple and other ICOs promised even better results. (Ethereum grew by more than 88 times in 2017!)

Although the ICOs put millions of dollars in the hands of startups within days, the governing governments initially decided to keep an eye on the fastest development of fintech ever that had the potential to raise millions of dollars in a very short period of time.

Countries around the world are considering regulating cryptocurrencies

But regulators became wary as the technology and its underlying effects gained popularity as ICOs began to think of multibillion-dollar funds – and too much on proposed plans written on whiteboards.

In late 2017, governments around the world took the opportunity to intervene. Although China has completely banned cryptocurrencies, the SEC (Securities and Exchange Commission) in the U.S. has highlighted the risks posed by vulnerable investors and suggested that they be treated as securities.

A recent warning statement from SEC President Jay Clayton released in December warned investors by mentioning,


“Please also recognize that these markets extend across national borders and that significant trade can take place on systems and platforms outside the United States. Your invested funds can travel quickly abroad without your knowledge. As a result, risks may increase, including risk that market regulators, such as the SEC, may not be able to effectively monitor bad actors or recover funds. “

This was followed by India’s concerns, in which Finance Minister Arun Jaitley said in February that India does not recognize cryptocurrencies.

A circular sent by the Central Bank of India to other banks on April 6, 2018, asked banks to sever ties with companies and stock exchanges involved in trading or cryptocurrency transactions.

In Britain, the FCA (Financial Conduct Authority) announced in March that it had formed a working group on cryptocurrencies and would seek help from the Bank of England to regulate the cryptocurrency sector.

Different laws, tax structures between states

Cryptocurrencies are mostly coins or tokens launched on a cryptographic network and can be traded globally. Although cryptocurrencies have more or less the same value around the world, countries with different laws and regulations may bring different returns for investors who could be nationals of different countries.

Different laws for investors from different countries would make the return budget a tedious and cumbersome exercise.

This would involve investing time, resources and strategies that cause unnecessary prolongation of the process.

The solution

Instead of many countries framing different laws for global cryptocurrencies, a single global regulatory body with laws that apply across borders should be established. Such a move would play an important role in improving legal cryptocurrency trading around the world.

Global goal organizations such as ITA (United Nations), World Trade Organization (WTO), World Economic Forum (WEF), International Trade Organization (ITO) already play an important role in uniting the world on different fronts.

Cryptocurrencies originated with the basic idea of ​​transferring funds around the world. They have more or less similar value on exchanges, except for negligible arbitration.

A global regulatory body to regulate cryptocurrencies around the world is a need of the hour and could set global rules to regulate the latest way of financing ideas. Currently, every country is trying to regulate virtual currencies through laws that are in the process of being drafted.

If economic superpowers can reach consensus with other countries by introducing a regulatory body with laws that know no national borders, then this would be one of the biggest shifts in designing a crypto-friendly world and encouraging the use of one of the most transparent fintech systems ever – blockchain.

A universal regulation consisting of parts relating to cryptocurrency trading, refunds, taxes, penalties, KYC procedures, exchange laws and penalties for illegal hacking can bring us the following advantages.

  1. This can make it easier to calculate profits for investors around the world, as there would be no difference in net profits due to uniform tax structures

  2. Countries around the world may agree to share a portion of profits as taxes. Therefore, the share of countries in taxes collected would be uniform throughout the world.

  3. It could save time involved in constituting a number of committees, drafting legislation followed by debates in the legislative arena (such as the parliament in India and the US Senate).

  4. One should not go through the harsh tax laws of every state. Especially those involved in multinational trade.

  5. Even companies offering tokens or ICOs would abide by the aforementioned ‘international law’. Therefore, calculating post-tax revenue would be a cake for companies

  6. A global structure would require more companies to come up with better ideas, thus increasing employment opportunities around the world.

  7. The law can be assisted by an international supervisory authority or global currency regulator, which may have the authority to blacklist an ICO bid that does not comply with the norm.

Not all advantages are when it comes to a law that would govern cryptocurrencies around the world. There are certain shortcomings also.

It may take some time for world financial leaders to come together and make a law. Discussions and their consensus building could be challenging

  1. Countries or economies that provide non-taxable structures may not agree to accept a law that provides for a universal tax policy

  2. A global oversight body or regulatory interference in monitoring ICO-related regulatory developments may not get along well with some countries

  3. Universal law can result in the division of the world into factions. Countries that do not support cryptocurrencies like China may not be a part of it.

  4. The law may be the idea of ​​economically strong nations that could design it in accordance with their best interests.

  5. This law would be centralized with a global regulatory body, as opposed to cryptocurrencies which are decentralized by nature.

Conclusion

The world is getting better together. Whether it’s creating a peaceful world after World War II or coming together to achieve better trade laws and treaties.

The International Trade Organization (ITO), the World Trade Organization, and the World Economic Forum have some of the best brains that define the global economy.

They can come together and be part of the body that will define the economic prosperity of the world. They would help develop global norms on cryptocurrencies and perhaps be part of a regulatory body that would better be a guide and beacon for thousands of ICOs around the world. At first this may take time, but it would make things easier.

What is an ICO in cryptocurrency?

ICO stands for Initial Coin Offering. When launching a new cryptocurrency or crypto-token, developers offer investors a limited number of units in exchange for other major cryptocurrencies, such as Bitcoin or Ethereum.

ICOs are amazing tools for the rapid rain of development funds to support new cryptocurrencies. Tokens offered during the ICO can be sold and traded on cryptocurrency exchanges, provided there is sufficient demand for them.

Ethereum ICO is one of the most notable successes, and the popularity of initial coin offerings is growing as we talk.

A brief history of the ICO

Ripple is probably the first cryptocurrency to be distributed through ICOs. In early 2013, Ripple Labs began developing the Ripple payment system and generated approximately 100 billion XRP tokens. They were sold through the ICO to fund the development of the Ripple platform.

Mastercoin is another cryptocurrency that sold several million tokens for Bitcoin during the ICO, also in 2013. Mastercoin aimed to tokenize Bitcoin transactions and execute smart contracts by creating a new layer on top of the existing Bitcoin code.

Of course, there are other cryptocurrencies that have been successfully funded through the ICO. Back in 2016, Lisk raised about $ 5 million during their initial coin offering.

Still, the Ethereum ICO held in 2014 is probably the most prominent so far. During their ICO, the Ethereum Foundation sold ETH for 0.0005 Bitcoins, raising nearly $ 20 million. Leveraging the power of smart contracts, Ethereum has paved the way for the next generation of initial coin offerings.

ICO Ethereum, a recipe for success

Ethereum’s smart contract system has implemented the ERC20 protocol standard that sets out the basic rules for creating other matched tokens that can be transported on Ethereum’s blockchain. This allowed others to create their own tokens, in line with the ERC20 standard, which can be traded for ETH directly on Ethereum’s network.

DAO is a notable example of the successful use of Ethereum smart contracts. The investment company raised $ 100 million in ETH, and investors received DAO tokens in return that allow them to participate in platform management. Unfortunately, DAO failed after being hacked.

Ethereum ICO and their ERC20 protocol highlighted the latest generation of blockchain-based crowdfunding projects through Initial Coin Offerings.

It also made it easier to invest in other ERC20 tokens. Simply transfer ETH, paste the contract into your wallet and new tokens will appear in your account so you can use them as you wish.

Obviously, not all cryptocurrencies have ERC20 tokens living on Ethereum’s network, but almost any new blockchain-based project can trigger an initial coin offering.

The rule of law of the ICO

As for the legality of the ICO, there’s a bit of a jungle out there. In theory, tokens are sold as digital goods, not as financial assets. Most jurisdictions have not yet regulated ICOs, so assuming the founders have a seasonal lawyer on their team, the entire process should be paperless.

Nevertheless, some jurisdictions have become aware of ICOs and are already working on their regulation in a similar way as the sale of shares and securities.

Back in December 2017, the US Securities and Exchange Commission (SEC) classified ICO tokens as securities. In other words, the SEC was preparing to stop ICOs that they believe are misleading investors.

There are cases where the token is just a service token. This means that the owner can easily use it to access a particular network or protocol, in which case it may not be defined as financial security. Nevertheless, proprietary tokens whose purpose is to assess value are quite close to the concept of security. Truth be told, most symbol purchases are made specifically for investment purposes.

Despite the efforts of regulators, ICOs remain in the gray legal area and until a clearer set of regulations is imposed, entrepreneurs will try to benefit from initial coin offerings.

It is also worth mentioning that when regulations reach their final form, the costs and efforts required to comply can make ICOs less attractive than conventional financing options.

Closing remarks

For now, ICOs remain an amazing way to fund new crypto-related projects, and there have been more successful ones with even more.

However, keep in mind that everyone today runs ICOs and many of these projects are fraudulent or lack the solid foundations they need to thrive and return on investment. For this reason, you should definitely thoroughly research and research the team and background of any crypto project you may want to invest in. There are several websites that list ICOs, just search on Google and you will find some options.