What is an ICO and how does it work?

ICO has proven to be a revolutionary way for many companies and projects to raise money. ICO can be said to be a mixture of conventional methods and advanced techniques. The main thing to keep in mind is that investors who invest in ICOs will be 100% risk free due to the technology used.
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So far, most ICO funds have been raised through bitcoin (BTC) or ether (ETH). During the ICO, the project creates a Bitcoin or Ethereum address to receive funds and then displays it on the appropriate web page. The procedure is the same as opening a bank account and then demonstrating it on a specific web page to people so they can send money.

Initial coin placement (ICO) is largely an illegal way to raise crowdfunding through various cryptocurrencies (in some cases fiat currencies) and operates by cryptocurrency organizations to raise the capital needed to carry out the project. In the ICO, a certain portion of a recently issued cryptocurrency is sold to investors in exchange for any legalized tender or any other cryptocurrency. This can be said as selling tokens or crowd selling, which involves receiving the amount of investment from investors and providing them with some features related to the project to be launched.

IPO, i.e. the initial public offering of shares is a process, one way or another related to the ICO, in which investors receive shares in the company. During the ICO, investors acquire company coins, which can increase in value as the business expands.

The first token sale, i.e. ICO, was conducted by Mastercoin in July 2013. Ethereum raised money through the ICO in 2014. The ICO has adopted a whole new definition in recent years. In May 2017, there were approx. 20 offers as well as the recent ICO browser Brave brought in about $ 35 million in just 30 seconds. By the end of August 2017, since January 2017, there have been 89 sales of ICO coins worth $ 1.1 billion.
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Investors send Bitcoin, Ethereum or any other cryptocurrency to a given address and then in exchange they receive new tokens that can bring them great benefits if the project gets hit.

  • The ICO is mainly conducted for cryptocurrency-based projects that rely on decentralized technology. Therefore, naturally, such projects will force only those investors who are very interested in the concept of cryptocurrency and are friendly to the technology used.
  • The document owned by the investor does remain in the form of a web page, white paper or web post. Some of these documents provide accurate information about the project, or literally falsify some of its other features to mislead those interested. Therefore, before relying on any white document or electronic document, it is best to pass a quality check.

Basics of bitcoin

For those unfamiliar with bitcoins, the first question that comes to mind is, “What is Bitcoin?” And another common question that is often asked is related to the price of Bitcoin. In early 2009, it began to cost less than 10 cents on bitcoin. It has been growing steadily since then and has recently hovered around $ 4,000 for bitcoin. So when it comes to the value of bitcoin or the rate of bitcoin, this is the most excellent estimate of value that has created many, many millionaires in the last eight years.
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The bitcoin market is located all over the world, and the citizens of China and Japan have been particularly active in buying it along with other Asian countries. However, recently in the bitcoin news, the Chinese government tried to suppress its activity in this country. This action for a short time led to a decrease in the value of bitcoin, but soon it came back and is now close to the previous value.
The history chart of Bitcoin is very interesting. Its creator was an anonymous group of brilliant mathematicians (using the pseudonym Satoski Nakamoto), who developed it in 2008 as “virtual gold” and released the first software for Bitcoin in early 2009 in the midst of the US economic crisis. They knew that to have lasting value, it, like gold, must have a limited supply. So by creating it, they limited the supply to 21 million bitcoins.
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Bitcoin mining refers to the process by which a new bitcoin is created. With ordinary currency, the government decides when and where to print and distribute it. With Bitcoin, “miners” use special software to solve complex mathematical problems and in return issue a certain amount of bitcoins.
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Then the question arises as to whether mining Bitcoin is worth it. The answer is NOT for the average person. This requires very sophisticated knowledge and a powerful computer system, and this combination of factors makes it unattainable for the masses. This is even more true of bitcoin mining 2017 than in previous years.
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Many wonder who accepts Bitcoin? This question is asked in different ways: which stores accept bitcoins, which websites accept bitcoins, which sellers accept bitcoins, which places accept bitcoins and where can I spend bitcoins.

More and more companies are beginning to see the value of accepting cryptocurrency as a true payment option. Some of the big companies that do this are DISH network, Microsoft, Expedia, Shopify stores, Newegg, Payza, 2Pay4You and others. At this time, the two main deterrents – Walmart and Amazon.
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Ethereum is Bitcoin’s strongest competitor in the cryptocurrency market, and many are wondering Bitcoin vs. Ethereum. Ethereum was established in mid-2015 and has gained some popularity, but is still far behind Bitcoin in use, recognition and value.

A question that often arises is often related to bitcoin fraud. This author has a friend who made a purchase from a company that promised 1-2% growth per day. There is no contact information on the company’s website, and a couple of months later the website just disappeared one day and my friend lost all the money he had invested, which was several thousand dollars.
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You need to know how to buy bitcoin, how to buy bitcoin or how to buy bitcoin with a credit card to get started. Coinbase is a very popular site for this. Their commission is 3.75% and the purchase limit is $ 10,000 per day. This would probably be the easiest way to buy bitcoin.
Others would like to buy Bitcoin using a debit card. Coinbase also provides this service and has clear step-by-step instructions on how to proceed with your debit or credit card.

There are those who would like to buy bitcoin instantly. This can be done at Paxful, Inc. and via W. Union or any credit / debit card.
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Other common questions that arise are the best way to buy bitcoin, the best way to get bitcoin or where to buy bitcoin online. The easiest way, probably, is to buy it through a digital asset exchange, as previously mentioned Coinbase. Opening an account with them is painless, and once you link your bank account to them, you can quite easily buy and sell bitcoins. This is probably also the best place to buy bitcoins.
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You need to know what a Bitcoin wallet is and how to use it. It’s just the bitcoin equivalent of a bank account. This allows you to receive bitcoins, save them and send them to others. It maintains a collection of Bitcoin privacy keys. It is usually encrypted with a password or otherwise protected from unauthorized access.

There are several types of digital wallets to choose from. Web Wallet allows you to send, receive and store bitcoins through a web browser. The other type is a desktop wallet, and here the wallet software is stored directly on your computer. There are also mobile wallets that are designed to be used by a mobile device.
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Sometimes the question arises about Bitcoin stocks or how to buy Bitcoin stocks. By far, the most common way to act in this area is to buy bitcoin directly rather than its shares.

There is one organization called the Bitcoin Investment trust, which is an investment fund designed to track the Bitcoin market flow. However, some analysts call it a risky way to get involved in this market.
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The exchange rate of bitcoin in US dollars is a benchmark that has been closely monitored both on a daily basis and in the long run over the last 8 years since its appearance on the global financial market. The popular company that gets the most current bet in Bitcoin valuation is XE. They show an estimate of bitcoin in US dollars, as well as the full price of bitcoin, a chart of the value of bitcoin and a chart of the value of bitcoin in dollars. If you ask, “How much is one bitcoin?” you will always know their charts which are constantly updated.
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Similar issues that arise in this area concern the history of the bitcoin exchange rate, the live bitcoin price chart, the bitcoin to dollar exchange rate, the bitcoin dollar chart, and the 5-year bitcoin chart. The aforementioned xe website is also a good source of answers to these questions.
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Regarding Bitcoin cash, i.e. to get the US dollar from bitcoin sales, Bitwol is one company that allows you to do that. WikiHow is another campaign that will guide you through this process.

The projected value of bitcoin is a topic that is often discussed. In January 2015, the cost of one bitcoin was $ 215. It’s currently about $ 5,000. This is a phenomenal growth that far exceeds what most experts predicted at the time. Currently, when considering the forecasts of experts around the world, it seems the general answer is that the highest value will be around $ 10,000, and one expert even predicted that the value would reach $ 100,000.

Risks, benefits and dangers of ICO

Bitcoin created a revolution by introducing the first-ever decentralized digital currency in which people and businesses control their transactions instead of banks and credit cards. Now we have another revolution in the form of initial coin placement (ICO).

What is the initial coin offering (ICO)?

ICO is a relatively new fundraising tool that startups can use to raise capital through cryptocurrencies / tokens. Here, investors raise money in bitcoins, Ethereum or other types of cryptocurrencies. It’s like another form of crowdfunding.

Benefits of ICO

Like bitcoin, the main advantage of the ICO is that startups do not have to deal with outside authorities such as banks and venture capitalists. ICOs provide a number of other benefits, namely:

  • Raise capital from anywhere in the world

  • Potentially high returns for investors

  • Quick and easy fundraising

  • The principle of limited supply and demand, in which cryptocurrencies acquire value in the future

  • Tokens have a liquidity premium

  • From small to zero commissions per transaction

ICOs began to gain popularity in 2017. A great example from May 2017 was the ICO for a new web browser known as Brave. It brought in more than $ 35 million in 30 seconds. In October of the same year, the total sales of ICO coins held at that time amounted to $ 2.3 billion, which is more than 10 times higher than in 2016.

ICO risks and dangers

Like any new technology, especially given millions of dollars, there has been criticism and scrutiny from regulators. ICOs include risks, fraud and disputes that expose them to the scrutiny of professional businesses and government officials.

Some common risks associated with ICOs include:

Lack of regulation

This is perhaps the biggest problem facing ICOs. Because they do not follow the laws and regulations of centralized authorities, ICOs face a lot of speculation, debate and criticism around their legitimacy.

In the United States, the U.S. Securities and Exchange Commission (SEC) has not yet recognized ICO tokens and investments, leaving uncertainty about the decision to regulate them. This is why it may be better to invest in ICO startups associated with law firms.

Awesomeh Potential for fraud

Another thing if the ICO is not regulated is that there is potential for fraud or fraud. Those who bet on ICOs are usually inexperienced investors.

Investors do not know if a project that has not yet been released will ever be released. ICOs do not even disclose personal information. So, as they know, this whole thing is one big money laundering scandal. On the other hand, there have also been cases where this has happened with crowdfunding.

Above Chances of failure

A startup that receives capital through an ICO has a higher chance of failing. In fact, a report by a small team from Boston College in Massachusetts found that 55.4% of project tokens fail in less than 4 months.


After all, ICOs are fast and efficient crowdfunding opportunities, but with quite serious risks in terms of security, regulation and high chances of failure. This works for some startups, but the vast majority of them fail. Morally it or not depends on how you view the consequences and how good your marketing skills are.

Cryptocurrency for beginners

In the first days of its launch in 2009, several thousand bitcoins were used to buy pizza. Since then, the rapid rise of cryptocurrency to $ 65,000 in April 2021 after losing heart in mid-2018, falling about 70 percent to about $ 6,000, has stunned the minds of many people – cryptocurrency investors, traders or just curious. missed the boat.

How it all started

Keep in mind that dissatisfaction with the current financial system has led to the development of digital currency. The development of this cryptocurrency is based on the Satoshi Nakamoto blockchain technology, an alias that is apparently used by a developer or group of developers.

Despite many opinions predicting the death of cryptocurrencies, the performance of bitcoin has inspired the creation of many other digital currencies, especially in recent years. The success of crowdfunding caused by the blockchain fever has also attracted those to deceive unsuspecting audiences, and it has attracted the attention of regulators.

Except bitcoin

Bitcoin has inspired the launch of many other digital currencies. There are currently over 1,000 versions of digital coins or tokens. Not all of them are the same, and their values ​​are very different, as is their liquidity.

Coins, altcoins and tokens

At this point, suffice it to say that there are subtle differences between coins, altcoins, and tokens. Altcoins or alternative coins usually describe things other than the original bitcoin, although altcoins such as etherium, lightcoin, ripple, dogecoin and dash are considered the “main” category of coins, meaning they are traded on more cryptocurrency exchanges.

Coins serve as currency or a repository of valuables, while tokens offer the use of assets or useful assets, an example being a blockchain service to manage supply chains to check and track wine products from the distillery to the consumer.

It’s worth noting that low-value tokens or coins offer opportunities to raise, but don’t expect similar flatulence growth like bitcoin. Simply put, lesser known tokens are easy to buy but hard to sell.

Before embarking on cryptocurrency, start by studying the value and technological considerations, namely the commercial strategies outlined in the White Paper that accompanies each initial coin offering or ICO.

For those familiar with stocks and stocks, this is not unlike an initial public offering or IPO. However, IPOs are issued by companies with tangible assets and business experience. All this is done in a regulated environment. On the other hand, the ICO is based solely on the idea proposed in the White Paper by an enterprise that is not yet operational and without assets, which is looking for funds to launch.

Unregulated, so buyers be careful

“It is impossible to regulate what is unknown,” – probably summarizes the situation with digital currency. Regulators and regulators are still trying to catch up with cryptocurrencies that are constantly evolving. The golden rule in cryptospace is “caveat emptor”, let the buyer beware.

Some countries openly adopt policies to deviate from cryptocurrencies and blockchain applications, while monitoring for open fraud. However, there are regulators in other countries who are more concerned with the pros than the pros of digital money. Regulators typically understand the need to maintain balance, and some are reviewing existing securities laws to try to deal with the many varieties of cryptocurrencies around the world.

Digital wallets: the first step

A wallet is needed to get started in cryptocurrency. Think of e-banking, but minus the protection of the law in the case of virtual currency, so security is the first and last thought in cryptospace.

Digital type wallets. There are two types of wallets.

  • Hot wallets are connected to the internet, exposing users to the risk of hacking

  • Cold wallets that are not connected to the internet and are considered safer.

Apart from the two main types of wallets, it should be noted that there are wallets for only one cryptocurrency and others for several cryptocurrencies. It is also possible to have a wallet with multiple signatures, something like a joint bank account.

The choice of wallet depends on the user’s preferences, whether he is interested exclusively in bitcoin or etherium, as each coin has its own wallet, or you can use a third-party wallet that includes security features.

Notes in the wallet

The cryptocurrency wallet has a public and private key with personal transaction records. The public key includes a link to the account or cryptocurrency address, as opposed to the name required to receive the check payment.

The public key is available to everyone, but transactions are only confirmed after verification and verification based on a consensus mechanism that applies to each cryptocurrency.

The private key can be considered a PIN code, which is commonly used in electronic financial transactions. It follows that the user should never give out a private key to anyone and make backup copies of this data, which should be stored offline.

On a hot wallet it makes sense to have a minimum of cryptocurrency, and in a cold wallet more. Losing a private key equals losing a cryptocurrency! The usual precautions are applied to online financial transactions: from strong passwords to malware and phishing alerts.

Wallet formats

Different types of wallets are available according to individual preferences.

  • Hardware wallets made by third parties that need to be purchased. These devices work like a USB device that is considered secure and only connects to the Internet when needed.

  • Web wallets provided by, for example, cryptocurrencies are considered hot wallets that put users at risk.

  • Software wallets for desktops or mobile phones are mostly available for free and can be provided by coin issuers or third parties.

  • Paper wallets can be printed with relevant data on cryptocurrency owned with public and private keys in QR code format. They need to be kept in a safe place until they are needed during a crypto transaction, and copies should be made in case of accidents such as water damage or printed data over time.

Crypto exchanges and marketplaces

Cryptocurrencies are trading platforms for those who are interested in virtual currencies. Other options include websites for direct trade between buyers and sellers, as well as brokers where there is no “market” price, but it is based on a trade-off between the parties to the transaction.

Thus, there are many cryptocurrencies located in different countries, but with different standards of security practices and infrastructure. They range from those that allow anonymous registration, which only requires email to open an account and start trading. However, there are others that require users to comply with international verification requirements known as Know-Your-Customer and Anti-Money Laundering (AML) measures.

The choice of crypto-exchange depends on the preferences of users, but anonymous may have restrictions on the amount of trade allowed or fall under sudden new rules in the host country of the exchange. Minimum administrative procedures with anonymous registration allow users to start trading quickly, and the KYC and AML processes will take longer.

All crypto transactions must be properly processed and verified, which can take from a few minutes to several hours, depending on the coins or tokens being traded and the volume of the trade. It is known that the problem of scalability is a problem of cryptocurrencies, and developers are working to find a solution.

Cryptocurrency exchanges are divided into two categories.

  • Fiat cryptocurrency Such exchanges provide for the purchase of fiat cryptocurrency by direct transfers from bank or credit and debit cards, as well as through ATMs in some countries.

  • Only cryptocurrency. There are cryptocurrency exchanges that deal only with cryptocurrency, which means that customers must already own cryptocurrency – such as bitcoin or etherium – to “exchange” for other coins or tokens, based on the market rate.

Fees are levied to facilitate the buying and selling of cryptocurrencies. Users need to conduct a survey to be satisfied with the infrastructure and security measures, and to determine the tariffs that are convenient for them, as different rates are charged on different exchanges.

Don’t expect a total market price for the same cryptocurrency with differences. You may want to spend time researching the best price for coins and tokens that interest you.

Financial transactions on the Internet carry risks, and users should consider precautions such as two-factor authentication or 2-FA, be aware of the latest security measures and be aware of phishing scams. One golden rule of phishing is not to click on the provided links, no matter how authentic the message or email is.

Decentralized Finance (DeFi) at Ethereum: The Future of Finance?

Decentralized finance, or “DeFi” for short, has taken the world of crypto and blockchain by storm. However, its recent revival masks its roots in the 2017 bubble era. While everyone and their dog were doing the “Initial Coin Offer” or ICO, only a few companies saw the potential of the blockchain far beyond the rapid rise in price. These pioneers envisioned a world where financial applications from trade to savings and banking to insurance would be possible just on the blockchain without any intermediaries.

To understand the potential of this revolution, imagine if you had access to a savings account that yields 10% per year in dollars, but without a bank and virtually risk-free funds. Imagine being able to trade crop insurance with a farmer in Ghana who is sitting in your office in Tokyo. Imagine being able to be a market maker and earn fees in the form of interest that every Citadel would like. Sounds too good to be true? This is not the case. This future is already here.

DeFi building blocks

There are some basic DeFi building blocks that you need to know before moving forward:

  • Automated market-making or distrustful exchange of one asset for another without an intermediary or settlement center.

  • Lending with over-security or the ability to “use your assets” for traders, speculators and long-term holders.

  • Stablecoins or algorithmic assets that track the price of an underlying asset without being centralized or backed by physical assets.

Understanding how DeFi is done

Stablecoins are often used in DeFi because they mimic traditional fiat currencies such as the USD. This is an important development because crypto history shows how changeable things are. Stablecoins, such as DAI, are designed to track the value of the dollar with minor deviations even during strong bear markets, that is, even if the crypto price breaks off like the bear market of 2018-2020.

Lending protocols are an interesting development, usually based on stablecoins. Imagine if you could lock up your million-dollar assets and then borrow under them in stablecoins. The protocol automatically sells your assets if you do not repay the loan, if your collateral is no longer enough.

Automated market makers form the basis of the entire DeFi ecosystem. Without this you are stuck in an outdated financial system where you need to trust your broker, clearing or exchange. Automated market makers, or AMMs, for short, allow you to trade one asset to another based on the reserve of both assets in its pools. Price detection is done through external arbitrage. Liquidity is pooled based on other people’s assets and they gain access to trading fees.

You can now access a wide range of assets in the Ethereum ecosystem and without having to interact with the traditional financial world. You can make money by lending assets or being a market maker.

For developing countries, this is a surprising innovation because they now have access to a full set of financial systems in the developed world without barriers to entry.

How to trade cryptocurrencies – Basics of investing in digital currencies

Whether it’s the idea of ​​the cryptocurrency itself or the diversification of its portfolio, people from all walks of life are investing in digital currencies. If you are new to this concept and you are wondering what is going on, here are some basic concepts and considerations for investing in cryptocurrencies.

What cryptocurrencies are available and how to buy them?

With a market capitalization of about $ 278 billion, bitcoin is the most famous cryptocurrency. Ethereum ranks second with a market capitalization of more than $ 74 billion. In addition to these two currencies, there are a number of other options, including Ripple ($ 28 billion), Lightcoin ($ 17 billion) and MIOTA ($ 13 billion).

Being the first in the market, there are many exchanges for bitcoin trading around the world. BitStamp and Coinbase are two well-known exchanges in the United States. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies along with bitcoins, then on the crypto market you will find all digital currencies in one place. Here is a list of exchanges based on their 24-hour trading volume.

What money storage options do I have?

Another important point is the storage of coins. One option, of course, is to keep it on the exchange where you buy them. However, when choosing an exchange you need to be careful. The popularity of digital currencies has led to the emergence of many new, unknown exchanges. Take the time to exercise due diligence to avoid scammers.

Another option that 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 a market and how can I learn more about it?

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

There are many established news sites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph and Cryptocoin News. Aside from these sites, there are also many Twitter accounts that write about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies aim to destroy the traditional currency and commodity market. Although there is still a long way to go before these currencies, the success of bitcoins and Ethereum has proven that there is a real interest in this concept. Understanding the basics of investing in cryptocurrency will help you go in the right direction.

The best cryptocurrencies for 2018: what are the best alternatives to Bitcoin?

Important: this position should not be considered as an investment council. The author focuses on the best coins in terms of actual use and acceptance, not in terms of finance or investment.

In 2017, cryptographic markets set a new standard for simple profits. Almost every piece or chip brought incredible returns. “The tide is throwing all the boats,” as they say, and the end of 2017 was a flood. Rising prices have created a cycle of positive feedback that is attracting more and more capital to Crypto. Unfortunately, but inevitably, this jumping market leads to massive investment. Money was thrown indiscriminately into a variety of dubious projects, many of which would not bear fruit.

In today’s bearish environment, hype and greed are being replaced by critical appraisal and prudence. Especially for those who have lost money, marketing promises, endless shillings and charismatic oratorios are no longer enough. Well, the main reasons to buy or keep a coin again are paramount.

Fundamental factors in the evaluation of cryptocurrency-

There are some factors that tend to beat the hype and prices, at least in the long run:

Angle of acceptance

While cryptocurrency or ICO business plan technology may seem weird without users, it’s just dead projects. It is often forgotten that widespread recognition is an essential feature of money. In fact, it is estimated that more than 90% of the value of bitcoin is a function of the number of users.

While the adoption of Fiat is entrusted to the state, the adoption of cryptography is purely voluntary. Many factors play into the decision to accept a coin, but perhaps most important is the likelihood that others will accept the coin.


Decentralization is very important for the real cryptocurrency model I push. Without decentralization, we are a little closer to the Ponzi scheme than to real cryptocurrency. Trust in individuals or institutions is a problem that cryptocurrency is trying to solve.

If dismantling a coin or central controller can change the transaction record, it calls into question its basic security. The same goes for items with unverified code that have not been thoroughly tested over the years. The more you can count on the code to work as described, regardless of human influence, the greater the security of the coin.


Real coins seek to improve their technology, but not at the expense of security. True technological progress is rare because it requires a lot of experience as well as wisdom. While there are always fresh ideas that you can come up with if it raises vulnerabilities or criticisms of the original purpose of the coin, you miss the point.

Innovation can be a difficult factor to evaluate, especially for non-technical users. However, if the currency code stagnates or does not receive updates regarding important issues, it may be a sign that developers are weak about ideas or motivations.


It is easier for the average person to understand the economic incentives inherent in the currency. If the coin had a large pre-mine or ICO (initial offer), the team kept a significant share of chips, it is clear that the main motivation – profit. By buying what the team offers, you play your game and enrich it. Be sure to provide tangible and reliable value in return.

5 cryptocurrencies that can be bought in 2018

There has never been a better time to reevaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that, in my opinion, should be followed or perhaps bought at their current depressed prices (which, I warn, may go lower).

№1. Bitcoin (due to its decentralization)

The first number belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest assumption, most of the security (due to the phenomenal energy consumption in bitcoin mining), the most famous brand identity (forks tried to be appropriate) and most of the activity and rational development. It is also the only part to date that is represented in traditional markets in the form of Bitcoin futures trading on the American CME and CBOE.

Bitcoin remains the main engine; The performance of all other parts strongly correlates with the performance of Bitcoin. My personal expectation is that the gap between bitcoins and most, if not all other parts will increase.

Bitcoin has several promising innovations that will soon be installed as additional layers or softforks. Examples are the Flash (LN) system, the Schnorr Mimblewimbleund signature tree much more.

In particular, we plan to open a new range of applications for bitcoin, as it allows for large-scale microtransactions and instant and secure payments. LN is becoming more stable as users test their various capabilities with real bitcoins. As it becomes easier to use, it can be assumed that it will benefit greatly from the adoption of bitcoin.

№ 2. Litecoin (because of its sustainability)

Litecoin (LTC) is a clone of Bitcoin with a different hashing algorithm. Although Litecoin no longer has Bitcoin anonymity technology, strange reports have shown that the adoption of Litecoin in dark markets is now the second, only bitcoin. Although the currency that I have is much more suitable for the role of purchasing illegal goods and services, perhaps it is the result of the longevity of Litecoin: it was launched in late 2011.

Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which means Litecoin is ready for LN. Litecoin can benefit from the exchange of atomic chains. In other words, secure peer-to-peer currency trading without the involvement of third parties (i.e. exchanges). Because Litecoin keeps its code largely synced with Bitcoin, it has a good position to benefit from Bitcoin’s technological advances.

№3. Ethereum (due to reasonable contracts)

At the moment, Ethereum (ETH) has serious problems. First of all, governments are hacking ICOs, and rightly so: many of them have turned out to be either fraudsters or bankruptcies. Since most ico runs on the Ethereum network as an ERC 20 token, the ICO craze in recent years has brought Ethereum great value. If appropriate rules are adopted to protect investors, fraud with Ethereum projects may claim some legitimacy as a crowdfunding platform.

The second major challenge facing Ethereum is the delayed transition to a new hybrid performance and battery detection system. Currently, the GPU for Ethereum mining is profitable, but Bitmain has just announced Ethereum ASIC minor, which is likely to affect Miner’s GPU bottom lines. It remains to be seen whether this will change the prisoners of war and how successful these changes will be.

If Ethereum can survive these two major challenges – regulation and mining – it will demonstrate greater resilience. Otherwise, there are several competing currencies that track its shadows, such as Ethereum Classic (etc.), Cardano (ADA) and EOS.

№ 4. Monero (due to his anonymity)

Although its adoption in the dark markets is not all that could be expected, I (XMR) remains the Prime Minister’s confidentiality. Its reputation and market capitalization are still higher than those of its competitors – and for good reason.

The Monero code required less confidence that Zcash was a “loyal” key to the ceremony, and had a fair start, unlike Dash. The fact that Monero recently changed its Pow to win the development of a small ASIC for its algorithm confirms the commitment of part of the decentralization of mining. The significant drop in the hashrate is due to a new version that has been consistently reported against ASIC. It may also be an option for GPUs and even small processors to contact me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow along sensitive lines.

№ 5. iPRONTO (decentralized incubation platform)

iPRONTO is a network of Ethereum incubation platforms dedicated to investors looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and receive opinions from users, experts in the practice and implementation of derived ideas.

The ideas of the innovators are supported as the NES in Smart Contract format will be signed between the expert platform and the customer upon receipt of the client’s business idea by the Committee for examination and registration on the platform. The idea will not be published for all users on the public platform of the network, but only for selected members of the target community who are willing to sign a smart contract to maintain the confidentiality of the idea.

Cryptocurrency against fiat currency

Cryptocurrency against fiat currency

Do you know about fiat and cryptocurrencies? Both are in one form or another currencies and are open to the general public. But they are both different and different in their own way. There is always one group advocating the use of crypto, while the other has a soft corner for fiat currencies.

In a non-cash crypto society money plays a huge role

If you look at the market of the 1970s and 1980s, you will see that cash played a dominant role. But with the change in technology, electronic transactions have become the norm. Today, more and more people are influencing to become a non-cash society. With the progress towards a non-cash society, cryptocurrencies play a big role.

Cryptocurrency and fiat currency are always in dispute

Cryptocurrency and fiat currency are popular types of digital currency, especially when it comes to online transactions. Both are currencies that are currently used in the market, but have some differences. Every day you will hear a lot of hype when comparing crypto-money and fiat money. This article will detail and understand the difference between the two.

The difference is what the currencies denote

Before looking for the difference between them, you need to understand what they mean and how they are defined.

The fiat currency is a legal tender supported by the central government and operates in physical form. For example, US dollars, British pounds, euros, etc. On the other hand, cryptocurrency is not legal tender and has no backups by the central government or the bank.

Thus, the difference between crypto currency and fiat currency is as follows:

• Cryptocurrencies are decentralized and global in nature. There is no organization or government that controls currency by its laws and regulations. The fiat currency is centralized, controlled by the laws and regulations of banks and government.

• Cryptocurrencies exist only in the digital domain. On the other hand, you will see that fiat currencies have material and physical existence.

• Limited supply of cryptocurrencies with the maximum set of them entering the market. While paper money is unlimited, as the government and the bank have the right to produce coins and paper money if needed.

• Bitcoin and other cryptocurrencies are created by computers, and fiat currencies are issued by local governments and banks.

• Cryptocurrencies are represented as public and private parts of the code. On the other hand, fiat currencies are represented in the form of coins and paper money.

• The value of cryptocurrencies is not recognized by supply and demand in the market. While the value of fiat currency is determined by market regulations of supply and demand.

Different types of crypto and fiat currencies

Over the last decade, the popularity of cryptocurrencies has been a huge success. This was in 2009 when bitcoin was first introduced, and a few years after several other types of cryptocurrencies appeared. Starting with Litecoin. Dogecoin, Ripple for Dcash and Zcash, there are many. On the other hand, the fiat currency has rich and ancient roots, with the Great British Pound dating back to 775 AD. It is considered to be the oldest currency in the world that is still in use.

Differences in anonymity between the two currencies

If you use fiat currencies, you need to go through a process of identifying or verifying the user. You are asked to upload a recent photo of yourself and some of the required documents that will be issued in accordance with government authorities. You do not need to go through any of the required processes with cryptocurrencies. Although your personal information and confidential information are not made public, all your transactions are recorded and tracked in both fiat and cryptocurrency.

Fiat currency against cryptocurrency: level of transparency

• The level of transparency with cryptocurrencies is considered greater. This is because revenue streams are reflected in the public chain. Everyone can witness their own and others’ transactions.

• Order or government. currencies are not transparent as there are no government networks to see people’s income streams.

Comparative-historical roots

If you compare crypto money with their counterpart, fiat or national currency, you will see that their existence and creation make a difference. Fiat, or government currency, dates back to 775 AD with the introduction of the British Pound. This is why fiat-type currency is easily accepted by people all over the world.

On the other hand, the cryptocurrency may have been first introduced just ten years ago, with the introduction of bitcoin in 2009. The problem faced by bitcoin and other cryptocurrencies is catching up with the huge popularity and growing number of fiat currency fans. . Cryptocurrency is undoubtedly gaining importance and popularity in the economic market, but so far has not received widespread recognition in society as a fiat currency.

Comparative history of the two currencies:

• This was in the 11th century, when the Chinese Song Dynasty was perhaps the first to issue paper money. Valuables such as gold, silver or silk were not allowed to be exchanged.

• There were Tally sticks that were introduced as fiat or state currency. 1,100 Tally sticks have been introduced as a way to combat gold shortages.

• 1971 was the year when the fiat currency gained worldwide recognition. President Nixon introduced it to eliminate the system of pegging the dollar to gold.

• It was in 1998 when Wei Dai came up with the idea of ​​an anonymous electronic cash register system. Bitgold – the very first cryptocurrency was created by Nick Sabo, but it did not receive as much attention as Bitcoin.

• In 2009, bitcoin was introduced to the market, becoming the first cryptocurrency adopted worldwide. In 2011 and later, a series of several other cryptocurrencies were introduced. Some of the popular ones include Litecoin, Dogecoin, Ethereum, Ripple, Zcash, Dash and so on.

Features of both currencies

Important potential of crypto-type and fiat currencies, access to their features. You will see that by some criteria bitcoin and other cryptocurrencies are superior to fiat or state currency, and in some cases the latter is superior. Choosing the type of currency (cryptocurrency or fiat currency) is absolutely your task, based on your personal needs and requirements.

Let’s compare their features in relation to certain factors.

• Both cryptocurrencies and fiat-type currencies are interchangeable.

• In terms of portability, both currencies provide more or less the same position.

• As for the criteria of non-consumer nature, the cryptocurrency and fiat currency have equal status.

• Crypto-type currencies have high strength compared to fiat currencies that have a moderate level of longevity.

• Both crypto or virtual currencies and fiat or government currencies provide secure and secure transactions and exchanges.

• Crypto or digital currencies are very separable in nature. On the other hand, fiat-type currencies are moderately divisible.

• In terms of the transaction process, cryptocurrencies are simple and hassle-free. While, on the other hand, the traction process associated with fiat currencies is easy, but not like a crypto.

• Crypto-based currencies are decentralized and global in nature, as opposed to paper currencies, which are centralized and operate in accordance with government laws and regulations.

• Cryptocurrencies have high deficits, while paper currencies are unlimited because the government can issue coins and paper money whenever needed.

• Crypto-based currencies are based on mathematical algorithms and are programmable. Fiat currencies are not programmed at all.

• Fiat currencies are sovereign in nature and cryptocurrencies are not.

The process of functioning of currencies

You can find significant differences between crypto or digital currencies and fiat currencies in the way they work and in the transactions that take place. They are contrasting in nature. Transferring money using bitcoin is very fast and you absolutely do not need any association of third parties.

On the other hand, if you are involved in exchanging money using a Fiat type currency, a mobile wallet is used. You can exchange the amount of electronic money to be transferred to an equal amount of electronic money. Both fiat and cryptocurrency allow you to purchase whatever you want. But these processes are completely different from each other.

Depending on the things you buy, you will find that one form of currency is better than another. This is absolutely your choice.

Is bitcoin, a crypto currency, better than fiat currency?

The long-term benefits and capabilities of bitcoins have not yet been established. But cryptocurrency gurus and experts predicted they would go a long way, especially by revolutionizing the way online transactions are conducted. In the current market, bitcoin is mostly included in online casinos and gambling, but is not limited to this.

Also, when you compare fiat currencies, bitcoin allows you to seize power and authority from banks and government because it is not controlled. Cryptography-based currency has the ability to create or invent free market capital. Fiat currencies are affected by inflation and market changes, unlike cryptocurrencies. Such aspects lead people to believe that cryptocurrency-based currencies will soon switch to major currencies and bring about a transformation in the way money is used.

Why are bitcoins considered a better aspect than fiat currencies?

• Bitcoin gives you the opportunity to restore free market capitalism.

• The power to control money belongs entirely to individuals, not to banks like paper currencies.

• When inflation occurs, bitcoin is not affected. But a Fiat-type currency will be easier to lose and suffer from.

• Bitcoin is easier to exchange and convert than fiat or government currencies.

• Fees for bitcoin-related transactions are much cheaper and easily available.

Cryptocurrencies seem to be a profitable option among people

Fiat currencies are a centralized and legal way to exchange money. But over the past few years, cryptocurrencies have gained immense popularity. There will never be anyone who would act as an intermediary, as in the case of banks. Also, crypto is much cheaper and cheaper than regular fiat currencies.

Send money anywhere directly without waiting for bank approval

You can send money to anyone in the world directly and it’s very fast. The money is cleared in minutes. You do not need to wait for the traditional processes of clearing and verification of banking systems, it may take up to several days to obtain a permit. Because it is decentralized and does not fall under government laws and regulations, no one has the right to do anything with your account.

Blockchain technology plays a very big role

Thanks to cryptocurrency, it gives us the power and authority to become our own bank and take control of our finances. This is due to blockchain technology, which offers a higher level of complexity when working with finances. In fact, there are some major financial industries that have begun to incorporate the idea of ​​technology.

Why there will never be another bitcoin

Well, it’s been a crazy 10 years for bitcoin. In fact, more than 10 years have passed since Bitcoin was first created by Satoshi Nakamoto. Whoever they were, he or she, they had a profound impact on the world. They undoubtedly predicted it, so they decided to disappear.

So more than a decade later Bitcoin is still alive and stronger than ever. Thousands of other cryptocurrencies have emerged since everyone tried to emulate the King of Crypto. All have failed and will fail. Bitcoin is the only kind. Something that is impossible to repeat. If you don’t know why, then let me explain.

If you don’t know what Bitcoin is, I’ll give you a few brief key points:

  • Bitcoin is an online cryptocurrency

  • It has a maximum supply of 21 million

  • It cannot be forged

  • Not all coins are in circulation yet

  • It is completely decentralized and no one controls it

  • It cannot be censored

  • This is Peer to Peer Money

  • Anyone can use it

  • Bitcoin has a fixed offer that decreases every 4 years

What distinguishes bitcoin?

So how is Bitcoin different from all the thousands of other coins that have been invented since then?

When bitcoin was first invented, it began to spread slowly among a small group of people. It grew organically. When people started to see the benefits of bitcoin and how the price would grow because of its fixed offer, it started to grow faster.

The Bitcoin blockchain is now distributed to hundreds of thousands of computers around the world. This has spread beyond the control of any government. Its creator has disappeared and now it works autonomously.

Developers can upgrade and improve the Bitcoin network, but this needs to be done apparently by the Bitcoin network. No one can control Bitcoin. This is what makes Bitcoin unique and impossible to replicate.

Thousands of other cryptocurrencies are now available, but as an example of how Bitcoin is different, I will use Ethereum as an example. It is one of the largest alternative coins at the moment and has existed since it was invented in 2015 by Vitalik Buterin.

Vitalik runs the Ethereum blockchain and essentially has the final say in any development that happens on Ethereum.

Censorship and government intervention

For this example, let’s imagine Iran sending billions of dollars to North Korea to fund their new nuclear weapons program. It’s not a very good situation, but it should show you how your money is more secure in bitcoins!

Anyway .. the first example. Iran uses a standard banking system and transfers the money to North Korea in dollars. The US government says, wait, we need to freeze these transactions and confiscate the money .. Easy. They do it right away and the problem is over.

The second example. The same thing is happening, but this time Iran is using the Ethereum blockchain to send money to North Korea. The U.S. government is watching what happens. Phone call.

“Bring Vitalik Buterin NOW”

The US government is “putting some pressure” on Vitalik, and they are forcing him to roll back the blockchain and cancel Iran’s transactions. (The Ethereum blockchain was actually a rollback earlier when a hacker stole a significant amount of funds).

The problem is solved. Unfortunately, Ethererum’s credibility will be tarnished along with its value.

Ethereum is just an example, but it is true for any other cryptocurrency.

Bitcoin cannot be stopped

So the same thing happens again. This time Iran is using bitcoin as a payment method. The US government sees this and cannot stop it.

No one to call. There is no one to put pressure on. Bitcoin is uncensored.

Every other cryptocurrency has been created by someone or some company and it will always be a point of failure. They are still centralized.

Another example would be if Vitalik’s family was taken hostage .. Bitcoin has none of this and is therefore the safest investment on the planet.

Learn how to use Bitcoin

Everyone should own some bitcoins. But this is not without danger. If you are new to Bitcoin, then you should learn as much as possible before investing money. Owning bitcoins is a big responsibility. Learn how to use Bitcoin safely.

4 Common Mistakes You Should Avoid When Trading Cryptocurrencies

Today you can quickly and easily invest in cryptocurrency. You have the freedom to invest through online brokers, but you can’t say for sure if it’s a reliable business. There are many risks and pitfalls you need to face if you are thinking of entering this field. However, to get started, you don’t necessarily have to become a master in the world of computer science or finance. This means you have to make an informed decision. In this article, we will talk about some common mistakes that most cryptocurrency investors make. Read on to find out more.

1: You buy the wrong coins

If you decide to buy bitcoin, you have to be careful. There are different types of bitcoins such as Private Bitcoin, Bitcoin SV, Bitcoin Gold and Bitcoin Cash. In other words, there are many branches to watch out for.

While it’s not bad or a scam, make sure you know what you’re buying. Even if you buy the wrong coin, you can still sell it back and look for the right one.

2: You’re not for Wild Ride

If you want to enter the world of cryptocurrency, you need to have steel nerves to face volatility. Unlike the traditional world of finance, cryptocurrency has extreme volatility, according to Teresa Morrison, who is a certified financial planner in Arizona.

According to her, as a new investor, you first need to invest a small amount, such as $ 100 a month, and then forget about it. If you monitor the market daily, it will drive you crazy.

Also, just because you are a beginner, you can follow 2-3 cryptocurrencies familiar to you. Ideally, you can first consider installed coins such as Bitcoin and Ethereum.

3: You are not checking the address

Many cryptocurrency traders lose their coins just because they do not check the address. Unlike a regular bank transfer, you can’t just cancel a transaction. So you have to be very careful when doing this type of transaction using cryptocurrency. If you are not careful enough, you can lose thousands of dollars in seconds.

4: You have lost access to your wallet

Although the number of bitcoins is limited to 21 million, the entire number of bitcoins is not created. The reason is that many coin owners have lost access to their wallets due to forgotten passwords.

According to a Chainanalysis report, 1 in 5 bitcoins recovered is unavailable due to lost passwords. So make sure you keep your password in a safe place before you start reading.

In short, we suggest you avoid these four most common mistakes if you want to become successful in the world of cryptocurrency trading. Hopefully, these tips will help you be safe and succeed as a trader or investor.

Crypto TREND 2017-01

Everyone has heard how bitcoin and other cryptocurrencies have made millionaires those who bought a year ago. Profits of 1000% and more are not just possible, it has been a commonplace for many of these cryptocurrencies. Anyone who bought bitcoin in May 2016 for less than $ 500 would get a 1,400% increase in about 17 months. Then over the last few days we have seen that bitcoin has lost almost $ 1,000, so to say that these cryptocurrencies are unstable would be a significant understatement.

Since the creation of bitcoin in 2008, we at Trend News have been skeptical about the survival of cryptocurrencies, given that they pose a very obvious 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 be a significant destroyer in the way data is managed, and that it will affect all sectors of the global economy, just as the Internet has affected the media.

Here are some questions and answers to get you started …

Q: What is a cryptocurrency?

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

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 widespread, it is believed that it is immune to hacking, as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators who are often referred to as “miners” who check transactions. One CC called Ethereum uses “smart contracts” to verify transactions. Crypto TREND will tell more details in upcoming news releases.

Q: What is a BLOCKCHANE?

Blockchain is the technology that underlies all CCs. Each transaction for buying, selling or exchanging CC is entered into a BLOCK that is added to the chain. This technology is complex and will not be explained here, but it can revolutionize the financial services industry because transactions can be performed quickly and easily by reducing or eliminating fees. The technology is also being studied for application in many other industries.

Q: Are CC exchanges regulated by the government?

For the most part, the answer is NO, which, for some users, is a big attraction of this market. It is now a “wild west,” but governments in most developed countries are studying the market to decide what regulation may be needed. An important decision is to treat CC as a currency or commodity / security. Canada and the US have so far stated that CCs are legal, however the situation remains unchanged in terms of reporting and tax implications. Crypto TREND will monitor and report on these events.

Q: How to invest in this market?

You can buy, sell and exchange CC using the services of specialized “Exchanges”, which act as a broker. You start by choosing to exchange, set up an account and transfer fiat currency to your account. You can then place orders BUY and SELL CC. There are many exchanges around the world. Opening an account is fairly 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 store CC?

To have the freedom to move cryptocurrencies and pay bills, you will need a digital wallet. These wallets are available in several formats such as desktop, cloud, hardware (USB), mobile phone and paper. Many of them are FREE, however security is an important factor as no one will ever want to lose their 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 certain financial transactions such as remittances and bill payments. The list of companies that accept cryptocurrency is growing rapidly and includes major ones such as Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway and WordPress.

Q: What’s next?

Starting, we will keep each of the Crypto TREND articles short and keep the scope of each as narrow as possible. As we noted earlier, we believe that cryptocurrency technology will change the game and such potential investment opportunities will appear once or twice in a lifetime. Make no mistake, early investing in this sector will only be on your most speculative capital, money you can afford to lose.

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

Expect more news and specific recommendations from Crypto TREND when we embark on this journey into what may at first seem like an alien jungle. This is a volatile market and it may not appeal to all investors, however Crypto TREND will be your guide when and when you are ready.

Stay tuned!

Bitcoin Mining and Security, Part 2

Let’s summarize about cryptosecurity and, if you need to, check out Part 1.

Bitcoin security is important. Your bitcoin or any other cryptocurrency has a unique address, identification or private key. Therefore, you need to understand the importance of maintaining its security. If you lose it, it is difficult to recover, so you need to protect it as best you can.

I must make this clear, because security must be paramount and not easy.

There are countless stories of individuals who lost access to their computers (either through negligence or misconduct) and ultimately failed to recover their bitcoin or other cryptocurrency. This should be equivalent to leaving your wallet vulnerable through pickpocketing or negligence.

Fortunately, there is a way to double protect your assets. A secure hardware wallet ensures that if you unfortunately lose access to your computer or tablet, etc., (anyway) you will be able to recover your bitcoin, etherium, lightcoin, etc.

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

The second level of security.

Trezor is an original hardware wallet that is easy to set up for your bitcoin security. There are other products, but by the end of this article I decided to deal primarily with the Trezor hardware wallet.

The main principle of security of Bitcoins Trezors is zero trust.

Using the Trezor screen, you can self-check and physically confirm each transaction directly on your device.

It also requires you to have a PIN code every time you log in. So ensuring that you are always present.

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

Simple equates to extra security.

Trezor is no exception to the risk of malware or viruses, period. However, the fewer devices that Trezor communicates with, that is, there is no Bluetooth, Wi-Fi or Qr scan, so the simpler the communication protocol, the more secure your bitcoin security.

Also, the Trezor has no battery. When it is disabled, it is turned off and your coins are protected from any cyber attack.

I hope I have stressed the importance of bitcoin security. Key issues: zero trust and specific security. Also make sure your backup process is just as secure, i.e. if necessary, make sure your data is available to someone you trust.