Visa Says You Can Buy Almost Anything, Except Crypto Currencies

What is Bitcoin?

If you’re here, then you’ve heard of Bitcoin. It has been one of the most frequent news headlines in the last year or more – as a get-rich-quick scheme, the end of finance, the birth of a truly international currency, as the end of the world, or as technology that has improved the world. But what is Bitcoin?

In short, it can be said that Bitcoin is the first decentralized money system used for online transactions, but it will probably be useful to dig a little deeper.

We all know in general what “money” is and what it is used for. The most important problem seen with the use of money before Bitcoin was that it was centralized and controlled by one entity – the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator who goes by the pseudonym “Satoshi Nakamoto” to bring decentralization of money on a global scale. The idea is that currency can be traded across international lines without hassles or fees, checks and balances will be distributed around the world (not just on the ledgers of private corporations or governments), and money will become more democratic and equally accessible for everyone.

How did bitcoin start?

The concept of Bitcoin and cryptocurrency in general was started in 2009 by Satoshi, an unknown researcher. The reason for its invention was to solve the problem of centralization in the use of money that relied on banks and computers, a problem that many computer scientists were not happy with. Attempts to achieve decentralization have been made since the late 1990s without success, so when Satoshi published a paper in 2008 proposing a solution, it was widely applauded. Today, Bitcoin has become a familiar currency for Internet users and has spawned thousands of “altcoins” (cryptocurrencies other than Bitcoin).

How is bitcoin made?

Bitcoin is made through a process called mining. Just as paper money is made by printing and gold is mined from the ground, Bitcoins are created by “mining”. Mining involves solving complex mathematical problems regarding blocks using computers and adding them to a public ledger. When I started, a simple CPU (like the one in your home computer) was all that was needed to mine, but the difficulty level has increased significantly and now you’ll need specialized hardware, including a high-end graphics processing unit (GPU), to mine of Bitcoin.

How do I invest?

First, you need to open an account on a trading platform and create a wallet; you can find some examples by Googling “bitcoin trading platform” – they usually have names including “coin” or “market”. After joining one of these platforms, click on assets and then click on crypto to select your desired currencies. There are many indicators in every platform that are quite important and you should make sure you monitor them before investing.

Just buy and hold

Although mining is the safest and in some ways the easiest way to earn bitcoins, there is too much effort involved, and the cost of electricity and specialized computer hardware makes it out of reach for most of us. To avoid all this, make it easy on yourself, directly enter the amount you want from your bank and click ‘buy’, then sit back and watch your investment grow as the price changes. This is called an exchange and is done on many exchange platforms available today, with the ability to trade between many different fiat currencies (USD, AUD, GBP, etc.) and different crypto coins (Bitcoin, Ethereum, Litecoin, etc.). n.).

Bitcoin trading

If you are familiar with stocks, bonds or currency exchanges, then you will easily understand crypto trading. There are bitcoin brokers such as electronic social trading, FXTM markets.com and many more to choose from. The platforms provide you with Bitcoin-Fiat or Fiat-Bitcoin currency pairs, for example BTC-USD means trading Bitcoin for US Dollars. Track price changes to find the perfect pair according to price changes; platforms provide price along with other indicators to give you relevant trading advice.

Bitcoin as a stock

There are also organizations created to allow you to buy shares in companies that invest in bitcoins – these companies do reverse trading, and you just invest in them and wait for your monthly income. These companies simply collect digital money from various investors and invest on their behalf.

Why should you invest in Bitcoin?

As you can see, investing in Bitcoin requires you to have some basic knowledge of the currency as explained above. As with all investments, there is risk involved! Whether to invest or not is entirely up to the individual. However, if I had to give advice, I would advise investing in Bitcoin for the reason that Bitcoin continues to grow – although there has been one significant boom and bust period, it is very likely that cryptocurrencies as a whole will continue to experience an increase in value in the next 10 years. Bitcoin is the biggest and best known of all the current cryptocurrencies, so it’s a good place to start and the safest bet right now. Although volatile in the short term, I suspect you will find that trading Bitcoin is more profitable than most other ventures.

Cryptocurrencies have been in the news lately because tax authorities believe they can be used for money laundering and tax evasion. Even the Supreme Court appointed a special team to investigate black money recommended to discourage trading in such currency. While China has reportedly banned some of its largest operators from trading in bitcoin, countries such as the US and Canada have laws that restrict trading in cryptocurrency stocks.

What is cryptocurrency?

Cryptocurrency, as the name suggests, uses encrypted codes to make a transaction. These codes are recognized by other computers in the user community. Instead of using paper money, the online ledger is updated through regular accounting records. The buyer’s account is debited and the seller’s account is credited with such currency.

How are cryptocurrency transactions made?

When a transaction is initiated by one user, their computer sends a public cipher or public key that interacts with the private cipher of the person receiving the currency. If the recipient accepts the transaction, the initiating computer attaches a piece of code to a block of several such encrypted codes that is known to every user on the network. Special users called “miners” can attach the additional code to the publicly shared block by solving a cryptographic puzzle and earn more cryptocurrency in the process. Once a miner confirms a transaction, the block entry cannot be changed or deleted.

BitCoin, for example, can be used on mobile devices as well as to make purchases. All you have to do is let the receiver scan a QR code from an app on your smartphone or bring them face to face using Near Field Communication (NFC). Note that this is very similar to regular online wallets like PayTM or MobiQuick.

Die-hard users swear by BitCoin for its decentralized nature, international acceptance, anonymity, transaction permanence and data security. Unlike paper currency, no central bank controls inflationary pressures on cryptocurrency. Transaction logs are stored on a Peer-to-Peer network. This means that each computer includes its computing power and copies of databases are stored on each such node in the network. Banks, on the other hand, store transaction data in central repositories that are in the hands of private individuals employed by the firm.

How can cryptocurrency be used for money laundering?

The very fact that there is no control over cryptocurrency transactions by central banks or tax authorities means that transactions cannot always be traced back to a specific person. This means we don’t know if the transactor received the store of value legitimately or not. The store of the recipient of the transaction is also suspicious, since no one can tell what reward is given for the currency received.

What does the Indian law say about such virtual currencies?

Virtual currencies or cryptocurrencies are generally considered to be pieces of software and are therefore classified as goods under the Sale of Goods Act of 1930.

Since they are good, indirect taxes on their sale or purchase as well as GST on services provided by the miners would be applicable to them.

There is still a lot of confusion about whether cryptocurrencies are valid as currency in India and the RBI, which has authority over clearing and payment systems and prepaid negotiable instruments, has certainly not allowed buying and selling through this medium of exchange.

Thus, any cryptocurrency received by a resident of India will be governed by the Foreign Exchange Management Act, 1999 as an import of goods into that country.

India has allowed bitcoin trading on dedicated exchanges with built-in safeguards against tax evasion or money laundering and enforcement of know-your-customer norms. These exchanges include Zebpay, Unocoin and Coinsecure.

Those who invest in bitcoins, for example, are subject to tax on dividends received.

Capital gains received on account of sale of securities involving virtual currencies are also subject to tax as income and subsequent online filing of IT returns.

If your investments in this currency are large, it is better to get the help of a personalized tax office. Online platforms have greatly facilitated the process of tax compliance.

Bitcoin is a cryptocurrency that can be spent, saved, invested, or stolen. Bitcoin trading used to be considered risky, but current trends show that it has become a big hit in the binary options sector. This decentralized currency is not regulated by any government or any central authority.

What determines the price of bitcoins?

The price of Bitcoin is determined by the ratio of supply and demand. Prices rise when demand rises, rates plummet when demand falls. Bitcoins in circulation are limited and new ones are created at a very slow rate. Since there is not enough monetary reserve to drive the market price, its price can be extremely volatile.

Bitcoin trading is popular because of –

• Low inflation risk – Inflation is the biggest problem for traders because all currencies lose some of their purchasing power when reserve banks keep printing more currency. Since the bitcoin mining system is limited to only 21 million bitcoins, it is almost unaffected by inflation.
• Low risk of collapse – Currency fluctuations depend on government trade policies, which sometimes cause hyperinflation and even crash the currency. Bitcoin is a virtual universal currency that is not regulated by any government.
• Simple, safe and cheap – Bitcoin payments are peer-to-peer without a middleman, making them simple and cheap.
• Easy to carry – Millions of dollars worth of bitcoins can be carried in your pocket, in memory. This cannot be done with gold or money.
• untraceable – Bitcoin issuance is not regulated by any government, so the risk of seizure is zero.

Binary Options Bitcoin Trading Platform

Binary options brokers are familiar with the popularity of these bitcoins and their constant fluctuations in values. Therefore, they use this opportunity to offer merchants the latest volatile cryptocurrency as an additional payment method. Bitcoin brokers providing cryptocurrency as a trading option include –

• One Touch Option – Bitcoin trading can be done with AnyOption or One Touch Option. For example, the current popular currency pair is BTC/USD.

• SetOption – The latest asset trading option available is BITCOIN/USD.

Bitcoin brokers provide a simple online trading platform. All you have to do is visit their website, enter your details and create an account. You can start with a demo account to understand the action of the market.

The trading screen is simple.

• Choose price direction (UP/DOWN)

• Select the time frame

Is Bitcoin Trading Safe?

The Bitcoin network is probably the most widespread computing project in the world. The most common weakness here is user error. Bitcoin wallet files can be lost, stolen or accidentally deleted just like any other digital file.

However, users can use reliable security strategies to protect their money. Alternatively, you can choose service providers that offer a high level of security as well as insurance against loss or theft.

Cryptocurrency mining is an endless game in this digital world. Bitcoin, the first decentralized currency, introduced in early 2000. Cryptocurrency mining is a complex procedure for verifying transactions and adding them to the public ledger (blockchain). This record of past transactions is called a block chain because it is a chain of blocks. The blockchain serves to confirm completed transactions to the rest of the network. The blockchain is also responsible for releasing new bitcoins. Each of the many crypto coins available depends on the basic idea of ​​the blockchain.

Mining process

Cryptocurrency was supposed to be decentralized, secure and immutable. So every transaction is encrypted. Once this coded transaction occurs, it is added to what many call a “block” until a fixed number of transactions have been recorded. This block is then added to a chain – the blockchain – which is publicly available. While mining Bitcoin, Dash, Litecoin, Zcash, Ethereum and others, the miner must compile recent transactions into blocks and solve a computationally difficult puzzle. There are several online bitcoin mining sites. This has become a very popular way to earn money.

Cryptocurrency is cryptographic, which means it uses special encryption that allows control of coin generation and transaction confirmation. A block is pretty useless in its current form. However, after applying the algorithm to a particular block. When matched, the miner gets several bitcoins. To earn bitcoins by mining, a miner must be technical. Bitcoin mining for profit is very competitive. The price of Bitcoin makes it difficult to make monetary profits without also speculating on the price. Payment is based on how much their hardware contributed to solving that puzzle. Miners verify transactions, ensure they are not fake, and keep the infrastructure moving.

The best coins to mine

Bitcoins are not a decent solution for novice miners who are experimenting on a small scale. The current upfront speculation and maintenance costs, as well as the pure scientific problems of the procedure, simply do not make it productive for buyer-level hardware. Bitcoin mining is currently reserved for large-scale operations. Litecoins, Dogecoins and Feathercoins, again, are three digital forms of money based on Scrypt that are the best money saving advantage for apprentices. At Litecoin’s current valuation, one can earn somewhere in the range of 50 pence to $10 for each day using client-level mining hardware. Dogecoin and Feathercoin would return slightly less benefits with similar mining hardware, but they end up becoming more popular every day. Peercoins can also be a reasonably fair profit for your time and vitality venture.

As more people join the rise of cryptocurrencies, your solution may become more difficult to mine as more expensive hardware will be required to find coins. You will be forced to either contribute vigorously in the event that you need to continue mining this coin, or you will have to take your earnings and switch to a less demanding cryptocurrency. Understanding the main 3 Bitcoin mining strategies is probably where you should start; this article focuses on mining scrypt coins. Likewise, make sure you are in a country where Bitcoin and Bitcoin mining are legal.

Mining target

How about we focus around cryptocurrency mining. The whole focal point of mining is to achieve three things:

1. Give accounting administrations to the coin network. Mining is essentially every minute of daily computer accounting called “transaction verification”.

2. Get a small reward for your accounting administrations by accepting parts of coins every few days.

3. Reduce your personal expenses, including energy and hardware.

Some basic terms

Free private database called coin wallet. It’s a password-protected container that stores your earnings and maintains a huge record of transactions. A free mining software suite similar to that from AMD, usually composed of cgminer and stratum. Enrollment in a web-based mining pool, which is a community of miners who consolidate their computers to increase profitability and stability of wages. Enrollment in an online money exchange where you can exchange your virtual coins for conventional money and vice versa. Full time reliable web association ideally 2 megabits every second or higher speed. A place to install hardware in your basement or other cool and air-conditioned space.

A work area or specially made computer designed for mining. Indeed, you can use your current computer to run, but you won’t have the capacity to use the computer while the miner is running. A separate dedicated computer is ideal. Tip: Do not use a laptop, game console, or handheld mining device. These devices are simply not successful enough to generate salaries. An ATI graphics processing unit (GPU) or a specialized processing unit called an ASIC mining chip. The price will be anywhere from $90 used to $3000 new for each GPU or ASIC chip. The graphics processing unit or ASIC will be the workhorse for providing accounting administrations and mining work.

A homemade fan that blows cool air through your mining computer. Mining generates significant heat and cooling your hardware is critical to your prosperity. Personal interest. You absolutely need a solid appetite for reading and constant learning, as there are constant changes in innovation and new methods to upgrade coin mining are emerging. The best coin miners spend hours consistently thinking about the most ideal ways to adjust and improve their coin mining performance.

Cryptocurrency Mining Profitability Every time a mathematical problem is solved, a constant amount of Bitcoins is created. The amount of bitcoins generated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of bitcoins awarded per block is 12.5. The last halving happened in July 2016 and the next one will be in 2020. Profitability estimation can be done by using various online mining calculators. The development of digital currency standards, for example Bitcoin, Ethereum and Bitcoin Cash, has caused huge undertakings by companies and this is necessary to support significant market development in the near future.

Cryptocurrency mining is a computationally intensive process that requires a network of multiple computers to verify a transaction record known as a blockchain. Miners are offered a share of the transaction fees and gain a higher probability of finding another block by providing high computing power. These maintenance transactions help provide increased security to network clients and ensure honesty, which is relied upon as a prominent factor influencing the development of the global cryptocurrency mining market.

Bitcoin cryptocurrency is spreading all over the world whether you are on the internet or any other media. This is one of the most exciting and craziest things to happen in just the last few years. More importantly, you can earn great returns by trading Bitcoin or you can keep it for the long term.

You may have heard about stocks, commodities, forex, and now a new currency called bitcoin trading that is greatly affecting our lives. In this beginner’s guide to Bitcoin cryptocurrency, you will be introduced to the Bitcoin alphabet.

About bitcoin cryptocurrency

The origin of Bitcoin is still unknown, but in October 2008, an article was published under the pseudonym Satoshi Nakamoto from Japan. His identity is still unknown and he is believed to own approximately one million bitcoins worth over $6 billion as of September 2017.

Bitcoin is a digital currency known as cryptocurrency and is free from any geographical boundaries. It is not regulated by any government and all you need is an internet connection. As a beginner, Bitcoin technology can be confusing and a bit difficult for you to know about. However, I will help you understand more deeply and how you can make your first Bitcoin trade with peace of mind.

Bitcoin cryptocurrency works on blockchain technology, which is a digital public ledger and is shared by everyone in the world. You will find your transactions here when you trade bitcoins and anyone can use the ledger to confirm them. The transaction made will be fully transparent and verified by blockchain. Bitcoin and other cryptocurrency are part of blockchain and are a great technology that only works on the internet.

Key Terms Related to Bitcoin Cryptocurrency

Before you are ready to own your first bitcoin, it is better to know the basic terms related to bitcoins. It is also called as BTC which is part of Bitcoin and 1 Bitcoin is equal to 1 million bits. With the advent of Bitcoin, some other alternative cryptocurrencies have also developed. These are popularly called altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many others.

XBT and BTC are the same thing and are usually abbreviated to bitcoin. Mining is another commonly used term and is actually a process performed by computer hardware for the Bitcoin networks.

Things you can do with Bitcoin

You will be able to trade, transact, receive and store bitcoins. You can send it to your friends, request a friend and store it in your digital wallet. Even now you can recharge your mobile/DTH directly by paying through Bitcoin.

The transaction cost is low compared to PayPal, credit cards and other online intermediaries. Moreover, it also protects your privacy which can be leaked on the internet while using credit cards. It is extremely secure and no one can confiscate or steal coins. Due to its transparency in the system it is also not possible to manipulate due to the shared public ledger. You can confirm the transaction from anywhere and at any time.

Demand is likely to increase as the total production of Bitcoins will be limited to only 21 million. Japan has already legalized it and other countries may follow soon and the price may rise even more.

I will cover more about Bitcoin in detail in the coming days where you will learn great things about Bitcoin trading. You can comment your opinions and ask anything related to Bitcoin.

If you found this Bitcoin Cryptocurrency Beginners Guide useful, please share and like it on social media.

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

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

Whether it’s Bitcoin, Litecoin, Ethereum, or any of the 1,300 tokens, buying and selling cryptocurrencies requires choosing an exchange that trades the products you want.

Being the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so dominantly that the terms crypto and Bitcoin are sometimes used interchangeably. However, the fact is that there are other cryptocurrencies that can be relied upon to make crypto investments.

Litecoin

Litecoin, also called “silver to Bitcoin’s gold”, is an open-source, decentralized payment network that operates without the involvement of an intermediary.

How does Litecoin differ from Bitcoin? Well, both are similar in many ways, but Litecoin’s block generation is much faster than Bitcoin’s. This makes investors around the world open to accepting Litecoin.

Charlie Lee, a former engineer at Google, founded Litecoin in 2011. Although Litecoin lacks the anonymity technology of Bitcoin, recent reports suggest that Litecoin is favored after bitcoin due to its stability. Another factor favoring Litecoin is the Bitcoin SegWit technology, which means secure peer-to-peer trading of currencies without involving participation in an exchange.

Ethereum

Launched in 2015, Ethereum is a decentralized software platform that allows distributed applications and smart contracts to function without the intervention of third parties. The currency is ether, which is like an accelerator in the ethereum platform. In the leading cryptocurrency space, Ethereum. is the second most preferred choice after Bitcoin.

Zcash

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

The currency offers a secure transaction option to maintain transaction transparency, privacy and security. This means that investors can transfer data in the form of an encrypted code.

A 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 Decentralized Autonomous Organization or simply DAO. The coin was meant to remove all the prevailing restrictions of Bitcoin. Currently, Bitcoin has gained a significant position in the cryptocurrency space.

The alternative to virtual currency, which promises secure and anonymous transactions through a peer-to-peer network, is cryptocurrency. The key to making a lot of money is making the right investment at the right time. Compared to making everyday money, cryptocurrency models function without the involvement of an intermediary as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, continuous activity is issued, managed and approved by the community’s peer network. Cryptocurrency is known for its fast transactions through any other mode like digital wallets and other mediums.

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

Although Bitcoin is setting the trend and leading the race, other currencies are also taking a significant position and growing in preference every day. Given the trend, other cryptocurrencies will have a long way to go and may soon give Bitcoin a really tough time to maintain its position.

If you have decided to make a speculative investment in this disruptive technology and want to have all current and future recommendations, contact “The Top Coins”.

Bitcoin is the new cryptocurrency designed by Satoshi Nakamoto in 2007 and introduced to the business world in 2009, widely accepted by a large number of investors as it promises higher returns on their investments. Bitcoin is used in many countries as an alternative currency. Many Bitcoin companies have been established expanding their customer base in different countries by providing profitable returns and easy convertible policy. Bitcoin generator is becoming a new trend that gives double or triple time the invested amount.

Companies give a security base to their investors, but still it is affected by market fluctuations and the most advanced software and hardware solutions that make it understandable to ordinary people Bitcoin companies earn millions of dollars by encouraging their customers to invest more and more and yield higher returns on their investments.

HOW TO USE BITCOIN GENERATOR

To learn how to use a free bitcoin generator, first open the bitcoin software on your desktop screen. Now connect it to your internet server as it is secure and anonymous you can easily generate or duplicate your problem without any problem. So the main step in doubling your bitcoin is to deposit the amount first. To deposit the money, you need to enter your bitcoin wallet address in the deposit bar. Now your wallet window is open, from there transfer your amount to the deposit bar. For this purpose, click the send button and put your bitcoin deposit address to send the money to the bitcoin software to double your amount. You will see a successful payment transfer notification in your bitcoin software window. Now this bitcoin currency will be converted into the software currency, after few minutes the amount will be doubled automatically. Now click the deposit button to see the deposited amount and the doubled money. Then click the refresh button to get the full summary of your transaction, for example, if you deposited 0.10 bitcoins, the doubled amount will be 0.20 bitcoins in your wallet. Now, to withdraw your bitcoin money, you need to go to your bitcoin wallet, from there click on the receive button and copy the address that pops up on your window. The next step is to put the address in the bitcoin withdrawal bar and click the withdraw button. The whole process will take some time, but once completed, you will see a notification pop up on your screen that says “Bitcoin Received” and the Bitcoins will appear in your wallet.

Bitcoin generator is an easy way to earn easy money. Bitcoin functions based on the cryptographic protocol. Bitcoins are a symbol of currency through which the user makes the transaction to receive and send the money in Bitcoins instead of real money. Bitcoin generators are programming software that double or triple your bitcoins in 5 to 10 minutes with a minimum balance in your bitcoin wallet. There are many companies offering a free bitcoin generator, but before you invest, do your research as many of them are scams. Bitcoin is the new currency for the new generation and has a wide scope in the future.

Bitcoin is a cyber currency that has attracted a lot of media attention in the last few years and continues to do so. Bitcoin was created by an anonymous group or individual in 2009 who used the pseudonym Satoshi Nakamoto, after whom the smallest unit of bitcoin currency was named. This is the first and perhaps the most widely known cryptocurrency. Initially of interest only to the Internet elite, bitcoin has become more attractive in recent years and in itself deserves respect for foreign currency.

How does bitcoin work?

The finer details of how bitcoin works can be difficult to understand, as it is not under central control as a conventional currency, and instead each transaction is approved collectively by a network of users. There are no coins or banknotes, no bars held in a vault, but the supply of bitcoin is limited, it will stop at 21 million. Every 10 minutes, 25 bitcoins are opened by bitcoin “miners” and every 4 years the number of released bitcoins will be halved until the limit is reached. This means that there will be no more bitcoin launches after 2140.

Why do I need bitcoin news?

The price has historically been very volatile, with significant peaks and troughs at intervals. Recently, the price of bitcoin jumped more than 10 times in just two months. In 2013, several bitcoin millionaires were made overnight when the value of their bitcoin wallets increased dramatically. If you already have some bitcoins in your digital wallet or are thinking of dipping your finger in the water, then you really need to keep up with bitcoin news. Bitcoin trading is an increasingly popular alternative or addition to conventional foreign exchange trading and is growing in support as more brokers take a sharp step.

Despite the gradually declining rate of bitcoin discovery, interest in bitcoin news continues. There is a real and constant search for up-to-date, reliable information about its value. Bitcoin has recently received strong approval from PayPal, which will certainly boost confidence in its reliability as a reliable alternative to conventional bank cards or cash transactions on the Internet and on the street. This may reassure critics of bitcoin, who argue that the system used to approve or validate transactions, called Blockchain, is insecure and vulnerable to attack by hackers.

All over the world, human life expectancy has increased by leaps and bounds. Compared to the 1950s, it has increased by 50%, and compared to the 1980s, it has increased by 30%. Gone are the days when company-sponsored retirement plans alone were enough to spend your golden age in a calm and carefree way.

Today, with the increase in other expenses such as housing, education, health care and others, several people find it increasingly difficult to save for their retirement.

Unfortunately, the bitter truth is that people of all generations, from the baby boom to the millennials, are not saving enough for retirement. Saving is one of the most underestimated epic crises in the world.

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

In this way, people try to find alternative options that provide them with higher returns in a shorter period. Traditionally, real estate, private capital and venture capital were sought. Now a new and additional profit and profitable investment has joined the picture – enter cryptocurrencies.

Cryptocurrency Investments – For those who don’t want to put all their eggs in one basket

One of the biggest advantages of investing in cryptocurrency is that it separates your portfolio from reserve currencies. For example, if you live in the UK, then you are required to have shares of UK-based companies in your retirement portfolio if you are in equity. What will happen to your portfolio if the British pound falls? And given today’s volatile political scenario around the world, nothing is certain.

Therefore, investing in cryptocurrency makes the most sense. By investing in digital currency, you effectively create a basket of digital coins that acts as an effective hedge or as a sure bet against the weakness of the reserve currency.

The average investor should allocate only a small portion of their retirement assets in cryptocurrency due to its volatility. But instability can reduce both directions – consider healthcare stocks from the 1950s and technology stocks from the 1990s. The smart early investors were the ones who made it big.

Do not lag behind and do not lose. Include cryptocurrency in your assets to start building a truly diversified portfolio.

Cracking the wall – Build your confidence in cryptocurrencies

One of the biggest and major obstacles most crypto investors face for the first time is that they cannot trust digital currencies. Many, especially people who do not understand technology or are close to retirement, do not understand what the increase is about. Unfortunately, they fail to realize and appreciate the countless potentials of cryptocurrency.

The reality is that cryptocurrencies are one of the most reliable assets, backed by the latest technology. Blockchain technology, which powers digital currencies, allows trading instantly and indelibly without the need for third-party verification. This is an equivalent system that is completely open and works on advanced cryptographic principles.

Retirement planning funds must work to demystify cryptocurrencies

To build trust and gain people’s support, retirement planning funds need to educate investors about the endless potential of cryptocurrencies. For this, they need advanced analyzes that help provide reliable risk analysis, risk / return indicators and forecasts.

In addition, investment firms can set up specialized cryptocurrency advisory services to help and guide new investors. In the coming years, several intelligent AI-based advisors can be expected to appear on the scene – they will help calculate the right investment based on the individual’s time horizon, risk tolerance and other factors.

Human Advisors can work with these smart advisors and provide clients with personalized advice and other suggestions when and when needed.

Need more visibility and comprehensive control

Retirement investors who want 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 combine all your assets in one place. An integrated solution that allows you to manage and balance all your assets, including traditional ones such as bonds and stocks, with new asset classes such as cryptocurrency portfolios.

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

Look for investment planning portals that also provide additional features such as periodic installments for cryptocurrencies at planned or unplanned intervals.

Advances in supporting technologies for investing in cryptocurrency

Investing in cryptocurrency will become massive only when the supporting technology allows investors to trade coins without problems, even for new investors who are not familiar with the know-how. It must be possible to exchange one digital coin for another or even for fiat currencies and other non-tokenised assets. When this becomes possible, it will remove intermediaries from the equation, thus reducing costs and additional fees.

With the maturation of technologies that support investment and cryptocurrency trading, the value of digital currencies will increase further as the currency becomes mainstream with greater accessibility. This means that early adopters are at a huge profit. As more and more retirement platforms integrate cryptocurrencies, the value of digital currencies will inevitably increase, offering significant gains to early adopters like you.

If you are wondering if it will take several years for such retirement platforms to see the light of day, then you are wrong. Auctus is one such portal that is currently in its alpha startup phase. It is the first pension portfolio of its kind to include digital currencies. Auctus users can get investment advice from both human and AI-powered analytics tools.

For now, consumers can save for retirement by using bitcoins, Ethereum and several other digital currencies. In addition, users can use the automatic rebalancing feature, which allows them to automatically adjust their portfolio using a set of predefined rules.

This holistic approach ensures that consumers can achieve their retirement goals earlier by making smart and correct investment choices or decisions.

Last thoughts – Cryptocurrencies are not to be overlooked in your retirement portfolio

Yes, it is true that cryptocurrencies are highly volatile. In fact, there is speculation on the Internet that “cryptocurrencies are nothing more than a quick-release scheme” and the bubble is likely to burst sometime in the near future.

Uncertainty does not mean that cryptocurrencies should not be part of your retirement portfolio, even if you have short investment horizons. On the other hand, the current decline in cryptocurrency prices in 2018 means that you have a rare opportunity to build profits.

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

Since it’s currently in vogue right now, I’d like to announce that I’m releasing my own cryptocurrency next week.

Let’s call it “kingcoin”.

No, this is too self-serving.

How about “muttcoin”? I have always had a weakness for mixed breeds.

Yes, that’s perfect – everyone loves dogs.

This will be the biggest thing after fidget spinners.

Congratulations! Anyone reading this will receive a mutcoin when my new coin is released next week.

I will evenly distribute 1 million mutcoins. Feel free to spend them wherever you want (or where someone will accept them!).

What is this? The cashier at Target said they wouldn’t accept our mutcoins?

Tell those who doubt that mutcoin is in short supply – there will ever be only 1 million mutcoins. On top of that, it is backed by the full faith and merit of 8 GB of RAM on my desktop computer.

Also, remind them that a decade ago, Bitcoin couldn’t even buy you a pack of chewing gum. Now a bitcoin can buy a lifetime supply.

And, like bitcoin, you can store muttcoin safely offline away from hackers and thieves.

In essence, this is an exact copy of the properties of bitcoin. Muttcoin has a decentralized book with unbreakable cryptography and all transactions are unchanged.

Still not convinced that our mutcoins will cost billions in the future?

Well, it’s understandable. The fact is that launching a new cryptocurrency is much harder than it seems, if not impossible.

That is why I believe that bitcoin has reached these heights despite all chances. And because of its unique user network, it will continue to do so.

Of course, there were setbacks. But each of these failures eventually led to higher prices. The recent decline of 60% will not be any different.

The miracle of bitcoin

Bitcoin’s success is based on its ability to create a global network of users who are either ready to transact with it now or store it for later. Future prices will be determined by the pace at which the network grows.

Even in the face of wild price fluctuations, bitcoin acceptance continues to grow at an exponential rate. There are now 23 million wallets open worldwide, pursuing 21 million bitcoins. In a few years, the number of wallets could grow to include 5 billion people on the planet connected to the Internet.

Sometimes the motivation for new cryptocurrencies was speculative; other times they sought a stock of value far from their own national currency. In the last year, new applications such as Coinbase have made it even easier to include new users.

If you haven’t noticed when people buy bitcoins, they talk about it. We all have this friend who bought bitcoin and then wouldn’t shut up about it. Yes, it’s my fault – and I’m sure a lot of readers are too.

Perhaps subconsciously, owners become crypto-evangelicals because persuading others to buy serves their own interest in increasing the value of their possessions.

The evangelization of bitcoin – the spread of the good word – has miraculously led to a rise in price from $ 0.001 to a recent price of $ 10,000.

Who could have imagined that his pseudonym, fed up with the global banking oligopoly, had released an intangible digital resource that rivaled the value of the world’s largest currencies in less than a decade?

No religion, political movement or technology has ever witnessed this growth rate. On the other hand, humanity has never been so connected.

The idea of ​​money

Bitcoin started as an idea. To be clear, all the money – whether it was shells used by primitive islanders, a gold bar or a US dollar – started as an idea. The idea is that a network of users value it equally and would be willing to part with something of equal value for your form of money.

Money has no intrinsic value; its value is purely external – only what others think is worth it.

Look at the dollar in your pocket – it’s just a fantastic piece of paper with a one-eyed pyramid, a portrait of the print and signatures of important people.

To be useful, society must view it as a unit of account and traders must be willing to accept it as payment for goods and services.

Bitcoin demonstrates an incredible ability to reach and connect a network of millions of users.

One bitcoin costs only what the next person is willing to pay for it. But if the network continues to expand at an exponential rate, limited supply claims that prices can only move in one direction … higher.

Bottom row

The nine-year rise in bitcoin has been marked by huge bouts of volatility. There was an 85% correction in January 2015 and a few others over 60%, including a colossal 93% decline in 2011.

However, with each of these adjustments, the network (measured by number of portfolios) continued to expand rapidly. As some speculators saw their value diminished, new margin investors saw value and became buyers.

Abnormal levels of volatility are actually what helped the bitcoin network grow to 23 million users.

Hey, maybe we just need some price volatility in muttcoin to attract new users …