Saturday, November 30, 2019
How Does Cryptocurrency Gain Value?
Cryptocurrencies are the latest 'big thing' in the digital world and have now been recognized as being part of the monetary system. In fact, enthusiasts have tagged it as 'the revolution of money'.
In clear terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, the majority of which being created via special computation techniques referred to as 'mining'.
The acceptance of currencies, like the US Dollar, Great British Pound and the Euro, as legal tender is because they have been issued by a central bank; digital currencies, however, such as cryptocurrencies, are not reliant on the confidence and trust of the public on the issuer. As such, several factors determine its value.
Factors that Determine the Value of Cryptocurrencies
Principles of Free Market Economy (Mainly Supply and Demand)
Supply and demand is a major determinant of the value of anything of value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency, and others are willing to sell, the price of that particular cryptocurrency will increase, and vice versa.
Mass Adoption
Mass adoption of any cryptocurrency can shoot its price to the moon. This is due to many cryptocurrencies having their supply capped at a particular limit and, according to economic principles, an increase in demand without a corresponding increase in supply will lead to a price increase of that particular commodity.
Multiple cryptocurrencies have invested more resources to ensure their mass adoption, with some focusing on the applicability of their cryptocurrency to pressing personal life issues, as well as crucial day-to-day cases, with the intention of making them indispensable in everyday life.
Fiat Inflation
If a fiat currency, like the USD or GBP, becomes inflated, its price rises and its purchasing power drops. This will then cause cryptocurrencies (let's use Bitcoin as an example) to increase with respect to that fiat. The result is that you will be able to acquire more of that fiat with each bitcoin. In fact, this situation has been one of the major reasons for Bitcoin's price increase.
Scams and Cyber Attack History
Scams and hacks are also core factors affecting the value of cryptocurrencies, as they are known to cause wild swings in valuations. In some cases, the team backing a cryptocurrency may be the scammers; they'll pump the price of the cryptocurrency to attract unsuspecting individuals and when their hard-earned money is invested, the price is shortened by the scammers, who then disappear without a trace.
It is therefore imperative to be careful of cryptocurrency scams before investing your money.
Some other factors to consider, that have an impact on the value of cryptocurrencies, include:
- Manner in which the cryptocurrency is stored, as well as its utility, security, ease of acquisition and cross-border acceptability
- Strength of the community backing the cryptocurrency (this includes funding, innovation and the loyalty of its members)
- Low associated risks of the cryptocurrency as perceived by investors and users
- News sentiment
- Market liquidity and volatility of the cryptocurrency
- Country regulations (this includes the ban of cryptocurrency and ICOs in China and its acceptance as legal tender in Japan)
References:
Article Source: http://EzineArticles.com/10015610
Cryptocurrencies are the latest 'big thing' in the digital world and have now been recognized as being part of the monetary system. In fact, enthusiasts have tagged it as 'the revolution of money'.
In clear terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, the majority of which being created via special computation techniques referred to as 'mining'.
The acceptance of currencies, like the US Dollar, Great British Pound and the Euro, as legal tender is because they have been issued by a central bank; digital currencies, however, such as cryptocurrencies, are not reliant on the confidence and trust of the public on the issuer. As such, several factors determine its value.
Factors that Determine the Value of Cryptocurrencies
Principles of Free Market Economy (Mainly Supply and Demand)
Supply and demand is a major determinant of the value of anything of value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency, and others are willing to sell, the price of that particular cryptocurrency will increase, and vice versa.
Mass Adoption
Mass adoption of any cryptocurrency can shoot its price to the moon. This is due to many cryptocurrencies having their supply capped at a particular limit and, according to economic principles, an increase in demand without a corresponding increase in supply will lead to a price increase of that particular commodity.
Multiple cryptocurrencies have invested more resources to ensure their mass adoption, with some focusing on the applicability of their cryptocurrency to pressing personal life issues, as well as crucial day-to-day cases, with the intention of making them indispensable in everyday life.
Fiat Inflation
If a fiat currency, like the USD or GBP, becomes inflated, its price rises and its purchasing power drops. This will then cause cryptocurrencies (let's use Bitcoin as an example) to increase with respect to that fiat. The result is that you will be able to acquire more of that fiat with each bitcoin. In fact, this situation has been one of the major reasons for Bitcoin's price increase.
Scams and Cyber Attack History
Scams and hacks are also core factors affecting the value of cryptocurrencies, as they are known to cause wild swings in valuations. In some cases, the team backing a cryptocurrency may be the scammers; they'll pump the price of the cryptocurrency to attract unsuspecting individuals and when their hard-earned money is invested, the price is shortened by the scammers, who then disappear without a trace.
It is therefore imperative to be careful of cryptocurrency scams before investing your money.
Some other factors to consider, that have an impact on the value of cryptocurrencies, include:
- Manner in which the cryptocurrency is stored, as well as its utility, security, ease of acquisition and cross-border acceptability
- Strength of the community backing the cryptocurrency (this includes funding, innovation and the loyalty of its members)
- Low associated risks of the cryptocurrency as perceived by investors and users
- News sentiment
- Market liquidity and volatility of the cryptocurrency
- Country regulations (this includes the ban of cryptocurrency and ICOs in China and its acceptance as legal tender in Japan)
References:
Friday, November 29, 2019
E-Commerce Technology Trends That Let You Run Your Business From Anywhere
Unless you live in a remote town, you’ve seen your local community embrace e-commerce. A busy hub town is empowering – it’s filled with small businesses peddling their goods. You may have seen these physical shops go empty as well.Article Source
E-commerce is the modern version of a busy shopping hub these days. It has become ubiquitous, so much so that it commanded a monstrous $1.3 trillion value industry in 2014. Expectations for the e-commerce industry predicts a $4.5 trillion explosion by 2021.
How did e-commerce grow this fast? It’s in the technology tools which have been available to people. E-commerce technology creates opportunities for businesses to improve.Unless you live in a remote town, you’ve seen your local community embrace e-commerce. A busy hub town is empowering – it’s filled with small businesses peddling their goods. You may have seen these physical shops go empty as well.
E-commerce is the modern version of a busy shopping hub these days. It has become ubiquitous, so much so that it commanded a monstrous $1.3 trillion value industry in 2014. Expectations for the e-commerce industry predicts a $4.5 trillion explosion by 2021.
How did e-commerce grow this fast? It’s in the technology tools which have been available to people. E-commerce technology creates opportunities for businesses to improve.
Want a piece of the pie? Then ask this: what are the e-commerce tech trends which can help you run your business? Here’s the low-down.
Product Visualization Technology
Here’s the problem e-commerce business owners encountered over the last decade. It’s making the most out of the shopping experience. Unlike brick-and-mortar outlets, buying online composes of a few processes.
Find a product you like, click the cart, and check out. This offers no ability for interaction at all. No matter how HD your picture is, people will not believe it’s an accurate representation.
Product visualization technology is becoming necessary. It’s a step up from today’s buying experience. Some of these online retail giants have come the way of virtual reality (VR).
The integration of VR and augmented reality is empowering. It can result in a near life-like shopping experience. All your customer needs is their smartphone.
Another visualization tech tools for business owners is the use of 3D images. Facebook rolled out their 3D image technology letting users take 3D photos and see the subject in a 360 view.
The potential for 3D images is endless. This can provide e-commerce business owners the ability to show off their products.
3D can show accurate product visualization. It can show your product’s craftsmanship. It can increase customers’ confidence in your products, more than any 2D image out there.
How does product visualization help you run your business away from home? You run it and go away. It can reduce the need to keep convincing the buyer into the authenticity of your products.
Chatbots
Chatbots are fast-becoming a solution of choice within e-commerce tech trends. Their relevance is greater now more than ever due to the level of technology available. These tools for business owners improve product delivery systems while cutting down costs.
Their current use, however, is logistics. Chatbots can solve many logistical issues in small businesses.
You can use chatbots as customer service funnels. They provide advantages that your average human CSR will take time to do.
Bots can provide a personalized sales experience per customer. They can browse customers’ personal order history and make suggestions. Bots can provide branching resolutions to common product issues.
In the future, bots as technology tools can do more things. They can even answer calls. Chatbots are there to work when you’re away.
Improved Payment Processing
Here’s another of the e-commerce trends business owners can expect. It’s easier payment processing.
In the front end, e-commerce seems to be easy. In the backend, however, payment services need many steps to process.
Tax documentation. Inefficient payment schemes. These make the viability of online commerce a headache.
Emerging technologies push for a streamlining of the financial processes in e-commerce. This not only reduces workforce cost – but it also removes the headache of complicated financial hoops you need to take care of.
One such technology is factura electrónica or electronic billing. Simplified electronic invoicing can help businesses focus. Instead of handling payment processing, they can focus on their products.
There’s also a growth of alternative payment methods you can add during website building. Digital gift cards and e-wallets come to mind.
Once it takes off and stabilizes, Bitcoin can be the future of electronic payments as well. Bitcoin has much promise as a cryptocurrency but it’s unstable and unpredictable. This makes it one of e-commerce tech trends that are great in concept but has many real-life issues.
Regardless, payment processing technology makes it easier for your business to run. It will run without the need for you to take care of every financial decision.
Personalization Technology
Personalization and personalization technology. It is fast becoming one of the e-commerce trends experienced now. This technology makes shopping experiences more individual-based.
Some of these technology tools include social media analytics tools for niche marketing. There are also machine learning programs.
Netflix is a good example. It has added machine learning in their algorithms. This is to provide customized recommendations to their users.
How does it work? It takes into account viewing habits and past customer history. This can then predict customer preferences and give products catering to it.
Amazon has been using personalization algorithm as well. What they did is they studied their customers’ buying behavior. Taking this data, they leverage their customers’ order histories and recommend products.
The recommended products are a literal upsell. They come in the form of the “Bought With” and “Customers Who Viewed This” tabs.
Personalization technology runs in itself. If you’re away from home, you don’t need to spend time providing product recommendations. All you need is an algorithm to take care of it.
Artificial Intelligence
There’s zero doubt now how valuable artificial intelligence (AI) is. Among e-commerce business owners, artificial intelligence suggestion parsing is invaluable. For customer service, they are essential innovations in technology.
For starters, Amazon Echo acts as an assistant handling all purchases on a consumer’s behalf. It can provide suggestions, give fashion advice, and influence buying cycles.
AI has the potential to help with adaptable, data-driven targeting. These make them superb tools for business owners
The buyer persona processing can improve. It can add more variables to it.
Once optimized, the buyer persona can then dictate the right pitch. It can create a more appealing marketing strategy.
Artificial intelligence relates in efforts towards personalized buying experience. This provides a lead-up to you, as a business owner, for one-on-one lead conversion and scale this en masse.
Streamlining Supply Chain
E-commerce tech trends extend not only to the handling of consumer-related activities. Technology is also essential to streamlining logistical challenges.
Critical parts of logistics like inventory management, warehousing, and product delivery are emerging. Most of these technologies come in the form of better current technology.
Low-cost RFID technology for inventories. Drones for deliveries. High-speed product transfers for warehousing.
Investments in warehouse automation, for example, offer lower-cost solutions in scaling production. This can then underscore competitive advantage and, in the end, maximize the bottom line.
An excellent example of this, again, is Amazon. By using drones to perform same day deliveries, they can improve KPIs. These include customer satisfaction and product happiness.
This level of optimization ensures efficient and faster delivery. Faster delivery means speedier turn around times, which translates to more profit. Their pioneering work in forwarding e-commerce solutions made them the top business on a global scale.
Blockchain
In a world where e-commerce trends go toward empowering consumers, the blockchain touts much potential. It gears towards improving the ethical landscape of companies. The blockchain is democratic and transparent.
Data processed within blockchain receive timestamps. These can then verify the claims of business owners. This level of transparency is supply chain auditing.
Supply chain auditing makes sure that distributed ledgers only contain verifiable information. This data will then provide evidence of ethical business practices.
How do you take advantage of this as a business owner?
By having your supply chain audited by blockchain, you can create a “seal of trust”. This seal of trust is a branding strategy ensuring quality standards are up to spec without expensive authentication from standard-setting bodies. Add this to your PPC promotion strategies and you should be golden.
Multi-Channel E-Commerce
Here’s a word that is familiar for any e-commerce business: touchpoints. Touchpoints are an annoying but important part of the e-commerce business owners are growing. The primary problem about touchpoints is unification.
The need to combine many touchpoints into a single, unified technology is pervasive. If done right, it is among the valuable tools for business owners. Enter multi-channel e-commerce.
Multi-channel e-commerce is the ability to be ubiquitous on almost all touchpoint platforms across the internet. Because shoppers tend to shop in multiple touchpoints, a multi-channel infrastructure gives you more places to sell your goods.
You don’t have to get stuck in an online marketplace, an online store, in social media or brick and mortar business. Multi-channel e-commerce tech trends can put you into all these touchpoints.
This means more chances for you to sell. This means whenever someone wonders where a product is from, you can offer yours. Provide the one you have up for sale.
Multi-channel tools for business owners are not even simple ideas. They are, in actuality, available now as e-commerce visibility strategies. Comprehensive reports on multi-channel e-commerce are there to help you win out, too.
The Future of Running Your Business Anywhere With e-Commerce Technology
Running your business from anywhere requires sophisticated technology. To be able to run your e-commerce business, you need technology which reduces the steps necessary to do so.
Automation’s design is to take away specific steps to make the entire process faster. By utilizing e-commerce technology, you make the whole cycle shorter.
Shorter logistics. Shorter product turnarounds. Quicker delivery.
All this equates to more profit and less work.
If you need to add a content strategy to your superior e-commerce technology, then you need Article City. Article City provides digital marketing and content strategy solutions that work.
We use data-driven analysis to confirm topics in your industry that work. We’ll bring in results. More targeted traffic, more content-driven conversions.
Contact us today and get only the best content marketing. Highest content standards every time.
For more information on how to make money online check Online Marketing Pro blog
Thursday, November 28, 2019
Make a Killing with Crypto: 5 Tips for the Best Cryptocurrency to Invest in
Cryptocurrencies are all the rage right now. And with a valuation of over $1 trillion, it’s no wonder why!
But as younger investors continue to stray from traditional stocks, many longtime investors are starting to look at cryptocurrencies as a puzzle.
One of the biggest reasons why investors struggle with grasping the power of cryptocurrency is due to its varied nature. There are dozens — if not hundreds — of cryptocurrencies out there, so how can you be sure you’re choosing the best?
With a little help, of course. If you’re looking to find the best cryptocurrency to invest in, read on. Here are five of our personal picks.
1. Bitcoin
By far the best cryptocurrency a new investor could invest in is Bitcoin. It’s the most popular digital coin for a reason, after all.
In fact, it’s so popular that Bitcoin alone is on track to value $1 million by 2021!
Aside from its value, the best thing about Bitcoin is the sheer amount of information one can find about it. A quick Google search brings up dozens upon dozens of sites dedicated to Bitcoin alone.
As a result, learning how to invest is far easier than if you chose to invest in a more obscure currency.
2. Ethereum
Next to Bitcoin, Ethereum is the most popular cryptocurrency on the market.
Ethereum’s greatest strength is its speed. The standard transaction only takes about two minutes, making it one of the fastest coins on the market.
Aside from speed, the fact that it comes from a regulated company means you can feel more confident in your investment. Where most cryptocurrencies are, well, cryptic, the Ethereum Foundation is one of the more transparent companies in the sector.
3. Lumen
Stellar has some high hopes for their currency, dubbed Lumens. While most crypto companies hope to become rich, Stellar wants to change the very face of banking.
And thanks to a partnership with IBM, that may come to fruition. In fact, the two companies have come together to launch blockchain banking, bringing blockchain into the mainstream.
Between the IBM partnership, lack of transactional fees, and speed, Stellar’s success is almost a sure thing.
4. Dogecoin
When Dogecoin first hit the market, many laughed it off. And to be fair, they had reason to be suspicious of a meme-based cryptocurrency.
Over the last several years, though, Dogecoin has proved to be a force of nature, still kicking today.
Dogecoin’s trading community is still quite active, and its value is currently lower than most other currencies. While that may seem like a bad thing, it also means you can invest for less, making it the best cryptocurrency to buy right now.
5. Litecoin
For those looking to get their feet wet in crypto trading, Litecoin is the perfect solution. It’s intended to be a low-cost alternative to Bitcoin yet it’s still seen massive growth itself.
How big of a growth? In the last year alone, it saw an 8,200% increase in value!
If you don’t have much cash to spare but still want to make an investment, Litecoin could be the best cryptocurrency for you.
Final Thoughts on Finding The Best Cryptocurrency to Invest In
Finding the right cryptocurrency to invest in can take some time. Largely, the perfect choice for you will depend on a number of factors, including how much you can invest and the power of your mining machine.
Still, you can’t go wrong with any of these five cryptocurrencies.
If you’re considering investing, be sure to read our guide on forex and the art of currency trading so you can trade like a pro.Article Source
Wednesday, November 27, 2019
A History of Binance: A Complete Overview of Everything to Know
Binance Coin (BNB) is the cryptocurrency that powers the Binance exchange. Since its initial coin offering (ICO) in July of 2017, the BNB market cap has risen to over $4.5 billion.
With a single BNB coin originally costing 10 cents, nearly two years later one token has a value of $39.57.
Curious how Binance went from an obscure Chinese crypto exchange to the world’s premier platform? Continue reading and we’ll walk you through a history of Binance and look at how they got to be the cryptocurrency powerhouse they are today.
Binance’s History and Humble Beginnings
Before we go into a history of Binance, let’s learn more about its creator. Binance’s founder, Changpeng Zhao, known as CZ, was born in Jiangsu, China. After the government exiled his family for being part of the intellectual class, the Zhao’s moved to Vancouver, Canada in the 80s, when CZ was a teen.
CZ spent his pre-college years working at McDonald’s and doing other odd jobs to help relieve his family’s financial woes. A few years later, he graduated with a degree in computer science from Montreal’s prestigious McGill University.
After college, CZ helped to build a system designed to match trade orders on the Tokyo Stock Exchange. He followed this by creating software for futures trading at Bloomberg’s Tradebook.
Finding the work unsatisfactory, CZ left the stock market space and bounced around various crypto projects. He even worked as head of development at Blockchain.info for 8 months.
A History of Binance Coin
In 2017, CZ noticed the sudden rise in coin offerings and decided to make a coin of his own. On June 24, 2017, after raising $15 million, CZ’s Binance Coin started its initial coin offering with 200 million tokens. 11 days later, the Binance exchange opened.
At the opening of the exchange, the only cryptocurrencies available on Binance were BNB, BTC, NEO, LTC, and ETH. Today, the exchange supports over 120 different coins.
45 days after binance.com went live, the platform had accumulated over 120,000 users with an average growth rate of 5,000 new registered users per day.
Although the company was originally headquartered in China, they soon had to relocate to Japan following China’s ban on crypto trading. After about 165 days of operation, Binance had become the world’s largest cryptocurrency exchange with regards to traded value.
Post-China
Because many exchanges were operating out of China at the time of the ban, Binance had a unique advantage. As a new platform in the crypto space, Binance was able to quickly mobilize out of China and continue to scale its business while other companies were still figuring out how they would relocate.
After 6 months of being open for business, Binance had accrued a profit of $350 million, mostly from transaction fees. It also boasted 10 million worldwide users.
As Binance continued to grow, the company entered a phase of aggressive expansion. They planned to develop relationships with small island nations where they could build offices and set up partnerships.
In mid-2017, Binance announced that they would be building their global compliance center in Bermuda. They also announced that they would donate $10 million toward tech-related educational programs through their Binance Charity Foundation. They would then invest an additional $5 million into blockchain startups.
Binance also announced that they would help the government of Bermuda to develop a regulatory framework for blockchain and cryptocurrencies.
In September of 2018, Binance teamed up with the Malta Stock Exchange to enable trading of security tokens. Binance also purchased a significant stake in Founders Bank, a Maltese financial institution. Founders Bank works to help crypto and blockchain-related firms secure financial services from traditional banks.
2019
Continuing their island expansion, Binance opened Binance Jersey. This would operate as a fiat-crypto exchange on the British island of Jersey. Binance Jersey works as an independent entity from binance.com, its parent company. The company then launched Binance Uganda, with similar goals for the African continent.
Simplex Partnership
At the start of the year, Binance partnered with Simplex as a way to get involved in the credit card space. Simplex is a FinTech company that provides guaranteed fraudless payment processing. The company operates out of Israel.
The Binance-Simplex partnership allows users to buy cryptocurrencies on Binance’s site with their credit cards. Via Simplex’s software, users can now buy cryptos like Bitcoin, Binance Coin, and Ethereum with a Visa or Mastercard.
Binance Hacking
In May of 2019, Binance was the victim of a large-scale hack. The thieves stole over $40 million. At the time of the hack, that was worth over 7,000 bitcoins.
According to Binance, the hackers were able to accomplish the security breach by stealing two-factor codes, API keys, and other information. The company was able to trace the theft to a single hot wallet.
The hackers were able to get into the hot wallets of several well-funded accounts and withdraw all at once. A hot wallet is a digital wallet connected to the internet in some way, and thus, easier to access remotely. A cold wallet is not connected to the internet. This theft impacted around 2 percent of Binance’s total bitcoin holdings.
Once the hackers withdrew their money, various alarms in the Binance system triggered. The company halted all withdrawals shortly after. They also halted deposits.
Luckily, Binance has a Secure Asset Fund for Users (SAFU) for occasions like this and was able to cover the losses.
Stablecoin
In June 2019, Binance announced that they would be issuing their stablecoin. A stablecoin is a form of cryptocurrency designed to minimize volatility. It works by linking to a fiat currency, thus making it more stable.
The first Binance stablecoin was Binance GBP (BGBP). It is fully backed by reserves of the British pound. This means that 1 BGBP is equivalent in value to 1 GBP.
Users can trade BGBP in a USDC/BGBP trading pair. USDC, which stands for USD Coin, is the US version of the stablecoin. 1 USDC is equivalent to the value of 1 US dollar.
USDC is an Ethereum token while the BGBP is Binance’s first stablecoin. Binance intends to create more stablecoins pegged to different fiat currencies in the future.
Binance Today
While there are several ways to invest in crypto, it is clear that using a platform like Binance is one of the most effective ways to go about it. Since its start in the summer of 2017, Binance has quickly established itself as one of the largest and most powerful cryptocurrency exchanges in the world.
The platform sees 1.2 billion trades every day on average. Over 1.4 million transactions happen every second on the site. Compare that to Coinbase, which began in 2012 and falls way behind on those metrics.
Currently, Binance has no official headquarters. They aim to keep the locations for many of their properties a secret for security purposes. Aside from the locations already mentioned – such as Jersy, Malta, Bermuda, and Japan, many believe that they have offices and servers in Hong Kong, Taiwan, and Korea.
Along with offering a high-quality exchange, Binance has expanded into exploring other areas within the crypto space as well.
Binance Academy offers videos, guides, and quizzes on topics relating to blockchain, security, and economics. All the material is available for free on their Academy page. The program helps make blockchain more accessible and easy to understand.
The company’s Blockchain Charity Foundation (BCF) has raised millions of dollars for a variety of charities around the world. The organization is attempting to solve large-scale issues such as poverty and world hunger. It is the first non-profit charity to accept donations made with cryptocurrencies on its blockchain-enabled platform.
Binance Labs invests in incubators and other projects that empower cryptocurrency entrepreneurs and communities.
The Future of Binance
No matter how you look at it, it is clear that in only two short years, Binance has accomplished more than most companies could ever imagine. Entering the crypto sphere at the right time while using an aggressive expansion policy and smart business practices have all been factors in Binance’s unique success.
But the company isn’t resting on its laurels. They already have much more in store as they continue to grow and evolve. Let’s take a look at some features that they should be rolling out in the coming year.
Margin Trading
Binance recently released an online sign-up form for people to gain early access to margin trading. Margin trading allows a user to leverage themselves through a borrowed position so that they can increase their buying power.
Currently, BitMex is the top exchange that offers margin trading. Binance is sure to take a significant portion of their customer base once they start to offer this underutilized feature.
Futures
In the world of crypto, trading futures is brand new. In futures trading, a trader agrees to buy a commodity at a set price at a set time in the future.
If a trader thinks the value of BNB will be higher in the future, they will be able to buy shares on a future exchange at a set price that they believe with be lower than the actual price that BNB will be worth in the future.
Understanding the History of Binance
Looking at a history of Binance, such as the detailed summary above, should give you a better understanding and appreciation of this unique organization.
Are you interested in learning how to invest in cryptocurrency now that you’ve learned about Binance? If so, Crypto Ryan has created plenty of how-to guides for you!Article Source
Tuesday, November 26, 2019
What is BTC: The Beginner’s Guide to Bitcoin
If you’ve been reading the newspaper for the last few years, you may have heard about a few forward-thinking young people who got rich off investing in bitcoin– but do you really know what that means?
“What is BTC?” is the question many adults find themselves asking these days. With the cryptocurrency market booming, the answer has never been more important.
Read on to find out all you need to know about bitcoin, how they work, and why they are so incredibly valuable.
What is BTC?
Bitcoin emerged in the scene in 2008 as a form of cryptocurrency. Bitcoin is an alternative to regular currency and can be used to avoid paying fees and interest on transactions. Through the decentralized network, you can control your own fund’s movement.
When you use bitcoin, you will have a distinct 16-digit code that allows purchasers to send you funds. This code is like an account number, so giving accurate numbers to whoever is sending you funds is critical. Once a transaction is made in the network, there is no way to reverse it.
Another fun fact about bitcoin is that it’s pseudonymous. Since your real-world identity isn’t connected to your 16-digit reference number, there is no way to track your who is receiving a transaction.
How Do I Get a Bitcoin?
There are two different ways to get bitcoin. The first is to buy one, and the second is to mine them.
Mining bitcoin is the term for verifying other bitcoin transactions. The coin is a reward for using your computational power to verify other bitcoin transactions. Mining in this way allows transactions to be secure and reliable since they take place across the network.
As time goes on, mining for bitcoins has become more difficult and, today, the equipment required to mine has become very expensive.
How Do I Store My Bitcoin?
Bitcoin is stored in either a “hot wallet” or “cold storage”.
A hot wallet is a cryptocurrency wallet that is connected to the internet. Generally, these are the most common wallets since they are easier to set up and can easily be accessed regularly.
The negative side of hot wallets is that they are susceptible to attacks by hackers since they are connected to the internet. If your bitcoin gets stolen, it cannot be recovered.
Cold storage wallets are similar to their hot wallet counterparts, with the exception that they live offline. This method is less convenient than a hot wallet, but it reduces the threat of attack by hackers. A cold wallet acts as a secure place to store the bulk of your bitcoin or to store your coins for a longer period of time.
If you want to purchase the hardware to be able to store your bitcoins offline, it will set you back around a hundred dollars. Check out the Ledger Nano X if you’re looking for a solid option.
Learn More About Cryptocurrency
If you’ve taken an interest in cryptocurrency, then go beyond learning what is BTC.
To learn more on how to buy bitcoin or invest in cryptocurrency, check out this post today and join the movement. Article Source
Monday, November 25, 2019
Starting Your Property Search: The Key Differences Between Buying and Renting a House
If your apartment is getting a little too small, you may wish to start your property search for a flat or house to buy. Upon doing so, you need to ponder the two options when weighing your options of where to move to. The options available can include either buying or renting a house. Is one approach better than the other? The answer to that depends upon many different factors. Regardless, there are definitely distinct differences between buying a home and renting one. The following is a look at a few of the more pronounced differences.
The most obvious difference between buying and renting a home would be when you purchase a home, you own it. This means you would potentially be amassing equity since the home can increase in value. In turn, this would also increase the owner's net worth. When renting a home, it is not yours to own no matter how much rent you pay. (The only exception to this would be if you signed onto a rent to own lease where the rent serves as a down payment) You would also be paying rent perpetually. When buying a home and paying a monthly mortgage, you are paying off you loan and when the balance is zero, you will own the home free and clear.
Conversely, a renter could very well save a tremendous amount of equity if the price of real estate begins to decline. While it is most definitely true people increase their wealth through purchasing a home, that is only true if the value of the home increases. Unfortunately, this may not always be the case as real estate prices can decline.
For those that do not wish to settle in a particular area for a long-term period, renting may be the better option since the renter simply has to give notice to the landlord about moving. When you own a home, picking up and moving somewhere new isn't as easy, but the advantage is that if you make significant improvements to the home while you are living there, your next property valuation should reflect a return on your investment.
Regardless of whether or not you buy a home or rent a house, you will need home owner's insurance. When you own a home, you will find the rates on the insurance will remain relatively stable. For those who rent a house or flat, the rates may alter with every year.
Owning a home comes with a tremendous amount of costs and expenses. The reason this is so is that you will have all manner of maintenance and upkeep costs with a house. Well, such will be the case when you actually are the owner. For those who rent, many of these costs need to be incurred by the landlord. Depending upon the terms of your lease, the landlord may be responsible for the repairs and maintenance needed on the property. For renters, this could prove to be a great cost saver depending upon the scope of the work required on the property.
Whether you decide to buy a home or rent a house there are two drastically different approaches. One is not better than the other. They simply have different positives and negatives depending upon you own personal situation. Weighing such pros and cons of both approaches will greatly enhance your potential to make the right decision.
Clancy Rome is an investor and expert in the UK property industry. He also writes and shares his wealth of knowledge about how to start your property search off right as well as advice on getting the most accurate property valuation for your home.
Article Source: https://EzineArticles.com/expert/Clancy_Rome/1259463
Sunday, November 24, 2019
Why You Don't Need To Be Rich To Have Financial Freedom — T. Harv Eker
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