Beginner’s Guide: An Introduction to Cryptocurrencies

Introduction: Investing in cryptocurrencies

The first cryptocurrency to emerge was Bitcoin which was built on Blockchain technology and was probably launched in 2009 by the mysterious person Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins have been mined, and it is believed that a total of 21 million bitcoins could be mined. Other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin such as Bitcoin Cash and Bitcoin Gold.

Users are advised not to put all their money in one cryptocurrency and try to avoid investing at the peak of the cryptocurrency bubble. It was observed that the price dropped sharply when it was at the peak of the crypto bubble. Since cryptocurrency is a volatile market, users must invest an amount that they can afford to lose because there is no government control over cryptocurrency as it is a decentralized cryptocurrency.

Steve Wozniak, the co-founder of Apple predicted that Bitcoin is the real gold and will dominate all currencies like USD, EUR, INR and ASD in the future and become a global currency in the coming years.

Why and why not to invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to be created and after that around 1600+ cryptocurrencies were launched with some unique features for each coin.

Some of the reasons I have experienced and would like to share, cryptocurrencies are created on a decentralized platform – so users do not require a third party to transfer cryptocurrency from one destination to another, unlike fiat currency where the user needs a platform like a Bank to transfer money from one account on the other. Cryptocurrency built on very secure blockchain technology and almost no chance to hack and steal your cryptocurrencies until you share some critical information.

You should always avoid buying cryptocurrencies at the peak of a cryptocurrency bubble. Many of us buy cryptocurrencies at the peak hoping to make a quick buck and fall victim to the hype bubble and lose our money. It is better for users to do a lot of research before investing money. It is always good to put your money in multiple cryptocurrencies instead of one as several cryptocurrencies have been observed to rise higher, some on average if other cryptocurrencies go into the red zone.

Cryptocurrencies to focus on

In 2014, Bitcoin holds 90% of the market and other cryptocurrencies hold the remaining 10%. In 2017, Bitcoin still dominates the crypto market, but its share has dropped sharply from 90% to 38%, and Altcoins like Litecoin, Ethereum, Ripple have grown rapidly and captured most of the market.

Bitcoin still dominates the cryptocurrency market, but it’s not the only cryptocurrency you should consider when investing in cryptocurrencies. Some of the main cryptocurrencies to consider:

Bitcoin

Litecoin

Ripple

Ethereum

The throne

Civic

Huge

Monero

Where and how to buy cryptocurrencies?

Although it was not easy to buy cryptocurrencies a few years ago, now users have many platforms available.

In 2015, India has two major bitcoin platforms Unocoin wallet and Zebpay wallet where users can buy and sell only bitcoin. Users have to buy bitcoin only from the wallet and not from another person. There was a price difference in the buying and selling rate and users have to pay some nominal fee to complete their transactions.

In the year 2017, the cryptocurrency industry grew tremendously and the price of Bitcoin rose spontaneously, especially in the last six months of 2017, which made users look for alternatives to Bitcoin and crossed 14 lakhs in the Indian market.

As Unodax and Zebpay are the two major platforms in India that dominated the market with 90% market share – which only dealt in Bitcoin. This gives other organizations the opportunity to grow with other altcoins and has even forced Unocoin and others to add more currencies to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies apart from trading Bitcoin to Unocoin. The difference between both platforms was – Unocion provided instant buying and selling of Bitcoins only while on UnoDAX users can order any available cryptocurrency and if it matches the recipient, the order will be executed.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users have to open account in any exchange by login with email id and submit KYC details. Once their account is verified, you can start trading coins of your choice.

Users must do their research before investing in any coin and avoid falling into the cryptocurrency bubble trap. Users need to research the exchange’s credibility, transparency, security features and more.

All exchanges charge some nominal fee for each transaction. There are two types of fees – Maker fees and Taker fees. In addition to the transaction fee, there is also a transfer fee to be paid if you want to transfer your cryptocurrencies to another exchange or your private wallet. Fees depend solely on the coins and the exchange, as different exchanges have a price difference module for transferring coins.

Major Altcoins Apart from Bitcoin

As mentioned above, Bitcoin dominates the market with 38% market share, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many others. If any of the coins fit your portfolio, you must buy it.

But, you have to put money in the market that you can afford to lose because the cryptocurrency market is very volatile and no government has control over it.

When to buy?

There is no hard and fast rule when to buy your favorite cryptocurrency. But the stability of the market should be investigated. You shouldn’t except at the peak of a cryptocurrency bubble or when the price is continuously falling. Always the best time is considered when the price is stable at a relatively low level for some time.

Cryptocurrency storage method

Before buying any cryptocurrency you need to understand how to keep your cryptocurrency safe.

Generally, all exchanges provide a storage facility where you can store your coins safely. You must not share your user details, password, 2FA when you hold cryptocurrency on exchanges.

Paper wallet, Hardware wallet, Software wallet are some of the channels where you can store your cryptocurrency.

Paper Wallet: A paper wallet is an offline cold storage method for storing your cryptocurrency. It prints your private and public key on a piece of paper where the QR code is also printed. You only need to scan the QR code for your future transactions. Why is it safe? You don’t have to worry about your account being hacked or being attacked by any malicious malware. You just need to keep your piece of paper safe in a locker and if possible keep two to three pieces of paper in your wallet under complete control.

Hardware wallet: A hardware wallet is a physical device where you keep your cryptocurrencies safe. There are many forms of hardware wallet, but the most commonly used hardware wallet is USB. When you keep your cryptocurrency in a hardware wallet, you just need to keep in mind that you should not lose your hardware wallet because once you lose it, you cannot get your cryptocurrency back.

One famous incident, where a person mined 7000+ bitcoins and stored in his hardware wallet and kept it in another hardware wallet. One day he dropped the hardware wallet he stored his cryptocurrency in instead of the damaged hardware and lost all his bitcoin.

What can be bought from cryptocurrencies in India?

Most people assume that buying and selling any cryptocurrency is just for investing and getting high returns in the long and short term. Influencers and bitcoin investors believe that in the coming years, Bitcoin will dominate all fiat currencies and will be accepted as an international currency.

Dell is one of the largest e-commerce companies that accepts bitcoin as payment. Expedia and UNICEF are other examples.

In India, Sapna Book Mall accepted bitcoin as payment using the Unocoin merchant service. People booked movie tickets through BookMyShow or recharged their mobile phones using the Unocoin platform. According to the report, they have discontinued the service but plan to relaunch it in the near future.

conclusion:

Cryptocurrency is one of the growing investment sectors and has given good returns from real estate, gold, stock markets, etc. in the past. You can buy crypto and hold long term to get good returns or go short term for quick profit as we have seen many coins grow 1000%+ in the past. Since cryptocurrency is a volatile market and there is no government control over the industry. One has to invest an amount in any cryptocurrency that one can afford to lose.

You can store your cryptocurrency in a hardware wallet, paper wallet, software wallet if you don’t want to keep it on the exchange you trade from.

Cryptocurrency – The Future of Money

What is Bitcoin?

Answer: Bitcoin is a digital product, (payment method/currency/commodity/digital gold) which was created in 2009.

Who owns Bitcoin?

Answer: Bitcoin is a network. It is not owned by a single person or bank. The creator of Bitcoin is called Satoshi Nakamodo.

How does the value of Bitcoin grow?

Answer: There are many factors that determine the value of Bitcoin, below are the two main factors that influence its growth after it was launched on the open market:

1. One of the factors is the usability of the coin – Bitcoin has over 250’000 merchants, the more Bitcoin is accepted and used around the world, the more its value increases.

2. Supply and Demand – Only 21 million bitcoins can be generated, however demand is growing. This has a positive effect on the value of Bitcoin. There are other factors that affect the price of Bitcoin, below I will list a few government regulations, media influence, more acceptance, technological changes and advancements, approvals.

How does Bitcoin work?

Answer: Bitcoin is an internet-based currency that ensures financial independence. It is used and traded in a smart way; using your smartphone or computer. This is like having your own bank in your pocket.

Is Bitcoin the only digital product?

Answer: No Bitcoin was the first since 700 other digital currencies were created and used/accepted globally. However, Bitcoin is the GOLD standard of digital products. It is the one that has the most credibility. To buy any other digital currency, you must first buy Bitcoin.

Can Bitcoin be converted to normal local currency?

Answer: Yes and now you can go to your local ATM and buy Bitcoin or withdraw local currency.

What is Bitcoin Trading?

Answer: Trading simply means buying low and selling high. The same concept is applied in bitcoin trading, we have an intelligent system that monitors the Bitcoin market 24/5 and automatically records when bitcoin is down and up, the system buys and sells FOR YOU on YOUR behalf. The result is that you make a healthy profit on a daily basis.

You will be paid in BITCOINS!

What are the returns/profits from this investment?

Answer: All profits are made in bitcoins. This expansion is through our trading operations and profits are made on a daily basis. Based on any amount invested for a period of 8 to 12 months, the profit will be on average 70% to 90% in the form of Bitcoins. Considering the fact that Bitcoin prices rise over time with increasing demand, profits in fiat currency will be even higher.

What are the benefits of telling family and friends?

Answer: We encourage our investors to share their experiences with their business circle. Each listed entry guarantees a commission of 10% of the invested amount

How will the profits be paid out to investors?

Answer: The profit will be generated on a daily basis, but can be divided on a weekly or monthly basis as required, and can be transferred to the investor’s bank account. The main profit is in the form of Bitcoin, but we will convert this profit to fiat currency according to the market value for transfer.

Bitcoin Basics

For someone unfamiliar with Bitcoin, the first question that comes to mind is, “What is Bitcoin?” Another common question that is often asked is about the price of Bitcoin. It started at under 10 cents per Bitcoin upon its introduction in early 2009. Since then, it has steadily grown and recently hovered around $4000 per Bitcoin. So in terms of the value of Bitcoin or the rate of bitcoin, this is a tremendous appreciation and has created many, many millionaires over the last eight years.

The Bitcoin market is worldwide and citizens of China and Japan have been particularly active in buying it along with other Asian countries. However, recently in Bitcoin news, the Chinese government has tried to clamp down on its activity in that country. That action briefly reduced the value of Bitcoin, but it soon bounced back and is now close to its 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 designed it to be “virtual gold” in 2008 and released the first Bitcoin software in early 2009 at the height of the US economic crisis. They knew that to have lasting value, like gold, it must have a limited supply. So in creation they limited the supply to 21 million bitcoins.

Bitcoin mining refers to the process by which new Bitcoin is created. With conventional 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 are issued a certain number of Bitcoins.

The question that arises then is whether Bitcoin mining is worth it. The answer is NO for the average person. It requires very sophisticated knowledge and a powerful computer system and this combination of factors makes it out of reach for the masses. This applies even more to bitcoin mining in 2017 than in previous years.

Many people ask, who accepts Bitcoin? This question is asked in different ways, what are the stores that accept bitcoin, what are the websites that accept bitcoin, what retailers accept bitcoin, what are the places that accept bitcoin and where can I spend bitcoin.

More and more companies are starting to see the value of accepting cryptocurrencies as a valid payment option. Some big companies that do this are DISH network, Microsoft, Expedia, Shopify stores, Newegg, Payza, 2Pay4You, and others. The two main companies at the moment are Walmart and Amazon.

Ethereum is the strongest rival to Bitcoin in the cryptocurrency market and many are asking the question Bitcoin vs Ethereum. Ethereum was created in mid-2015 and has gained some popularity, but it is still far behind Bitcoin in usage, acceptance and value.

A frequently asked question is often about bitcoin fraud. This author has a friend who bought from a company that promised 1-2% growth per day. There was no contact information listed on the company website and after a few months the website just disappeared one day and my friend lost all the money he had invested which was several thousand dollars.

You need to know how to buy bitcoins, how to buy bitcoins or how to buy bitcoins with a credit card to get started. Coinbase is a very popular site for this. Their fee is 3.75% and the purchase limit is $10,000 per day. This would probably be the easiest way to buy bitcoins.

Others would like to buy Bitcoin with a debit card. Coinbase also provides this service and has clear step-by-step instructions on how to proceed with a debit or credit card.

There are those who would like to buy Bitcoin immediately. This can be done at Paxful, Inc. and can be done via W. Union or any credit/debit card.

Other common questions asked are what is the best way to buy bitcoins, the best way to get bitcoins, or where to buy bitcoins online. The easiest way is probably to buy it through a digital asset exchange like the previously mentioned Coinbase. Opening an account with them is painless and once you link your bank account with them, you can buy and sell Bitcoin very easily. This is probably also the best place to buy bitcoins.

One must know what a Bitcoin wallet is and how to use it. It’s simply the Bitcoin equivalent of a bank account. It allows you to receive Bitcoins, store them and send them to others. What it does is store 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. A web wallet allows you to send, receive and store Bitcoin through your web browser. The second 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 via a mobile device.

A question that comes up from time to time is the question of bitcoin shares or how to buy bitcoin shares. By far the most common way to proceed in this area is to buy Bitcoin directly rather than its shares.

There is an entity called Bitcoin Investment trust which is an investment fund designed to follow the market flow of Bitcoin. However, some analysts call this a risky way to get involved in this market.

The Bitcoin USD exchange rate has been a closely watched benchmark both on a daily and long-term basis over the past 8 years since its introduction to the global financial market. A popular company that receives the latest rate in Bitcoin valuation is XE. They show the valuation of Bitcoin in USD as well as a complete Bitcoin price chart, Bitcoin value chart and Bitcoin-USD chart. If you ask “How much is one Bitcoin?” you’ll always know from their constantly updated charts.

Similar questions that come up in this area are bitcoin price history, live bitcoin price chart, bitcoin to dollar rate, bitcoin dollar chart and 5 year bitcoin chart. The previously mentioned website, xe, is also a good source for answers to these questions.

As for Bitcoin cash, that is. to get USD from selling Bitcoin, Bitwol is one company that allows you to do that. WikiHow is another company that will walk you through this process.

The predicted value of Bitcoin is a topic that is often discussed. In January 2015, the price of one bitcoin was $215. Right now it’s around $5000. This is a phenomenal increase far beyond what most experts would have projected at the time. Currently, in a review of forecasts from experts around the world, the common answer seems to be that the highest value will settle at around $10,000, with one expert even projecting a value of $100,000.

A multi-layered cryptocurrency

Questions have arisen as to whether bitcoin is turning into a multi-tiered system. Well, the answer is yes. This article seeks to outline the various layers on which bitcoin lies. It’s all yours!

Have you heard of those who call bitcoin digital gold? It is clear that cryptocurrency is rapidly gaining popularity and acceptance in the crypto world. The value of the coin is estimated to increase. However, it is also noted that a coin can gain or lose 50% of its value overnight. This causes speculation among investors, but the coin is still “digital gold”. And on the question of whether bitcoin is a multi-layered system, you should know that bitcoin exists on two main layers. These are mining and semantic layers.

Mining layer

This is the layer where the coin is created. In addition to bitcoin, ether is also created in this layer. After a coin is created, valid bitcoin blocks are transferred to the ledger. This is where the currency generation is complete. It should be noted that the currency is generated from the transactions contained in the bitcoin blocks. Blocks are known as transaction fees. Currency can also be generated from the network itself, or you can say “out of thin air”. The main advantage of generating currency from the network is that it gives incentives to miners.

Semantic layer

This provides a very important platform. The semantic layer is the layer where bitcoins are used as a means of payment. It also provides a platform for bitcoins to be used as a store of value. The layer seems very important, doesn’t it? Holders of bitcoin currency sign valid transactions that signal the start of bitcoin transfers between nodes at the semantic layer. The transfer can also be enabled by creating smart contracts. Smart contracts transfer coins between different accounts.

Lightning network

You probably haven’t heard of the lightning network. This is the latest invention introduced by the bitcoin community. This layer will have the ability to run on bitcoin. With this invention, there will be an application layer on top of bitcoin. It will be so exciting. The most interesting aspect is that its value can also be used for payment. This will be made possible by the transfer of its value between people. With the invention of the Lightning Network, bitcoin will become a transport layer as well as an application layer.

As of today, the value of Bitcoin is estimated to be around 9 billion US dollars. Bitcoin is also known to be a decentralized cryptocurrency. This means that it works without bank or administrator control. Bitcoin is certainly taking over the crypto world.

It is also important that the technology used during bitcoin mining is called blockchain technology. It works by enabling digital information to be distributed rather than copied. Crypto is a really exciting topic and in the near future bitcoins may overtake our mainstream currencies.

4 common mistakes you should avoid when trading cryptocurrencies

Today, you can invest in cryptocurrencies quickly and easily. You have the freedom to invest with the help of an online broker, but you cannot say for sure whether this is a safe venture. There are many risks and pitfalls to face if you are considering entering this field. However, you don’t need to become a master in the world of IT or finance to get started. What this means is that 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.
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1: You are buying the wrong coins

If you have decided to buy Bitcoin, you must be careful. There are different types of Bitcoin, such as Bitcoin private, Bitcoin SV, Bitcoin Gold and Bitcoin cash. In other words, there are numerous shoots to watch out for.
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While these aren’t bad or scams, make sure you know what you’re buying. Even if you buy the wrong coin, you can still sell it and look for the right one.
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2: You’re not up for the Wild Ride

If you want to enter the world of cryptocurrencies, you need to have nerves of steel to deal with volatility. Unlike the traditional world of finance, cryptocurrency has extreme volatility, according to Theresa Morison, who is a certified financial planner in Arizona.
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According to her, as a new investor, you should initially invest a small amount, for example $100 per month, and then forget about it. If you watch the market everyday it will drive you crazy.
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Also, just because you are a beginner, you may want to stick to 2-3 cryptocurrencies that you are familiar with. Ideally, consider established coins like Bitcoin and Ethereum first.

3: You don’t double check the address
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Many cryptocurrency traders lose their coins just because they don’t verify the address. Unlike a conventional bank transfer, you cannot simply reverse the 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 a second.
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4: You have lost access to your wallet

Although there is a limited number of 21 million Bitcoins, 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 report by Chainanalysis, 1 in 5 Bitcoins mined so far are not accessible due to a lost password. So make sure you store your password in a safe place before you start reading.
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In short, we suggest you avoid these four most common mistakes if you want to become successful in the world of cryptocurrency trading. We hope these tips will help you be confident and successful as a trader or investor.
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Will crypto-based e-commerce destroy the banking industry dinosaur-style?

Banking as we know it, has been around since the first currencies were coined – perhaps even before that, in one form or another. Currency, especially coins, grew out of taxation. In the early days of ancient empires, an annual tax of one pig may have been reasonable, but as empires expanded, this type of payment became less desirable.

However, since the Covid situation, not only have we seemed to have moved to a ‘cashless’ society (as who wants to handle potentially ‘dirty money’ in a shop), with the ‘contactless’ level of credit card transactions now increasing to £ 45, and now even small transactions that are accepted, such as a daily newspaper or a bottle of milk, are paid for by card.

Did you know that there are already over 5,000 cryptocurrencies in use and that Bitcoin is high on that list? Bitcoin, in particular, has had a very volatile trading history since it was first created in 2009. This digital cryptocurrency has seen a lot of action in its rather short life. Bitcoins initially traded for almost nothing. The first real increase in price happened in July 2010 when the value of Bitcoin went from about $0.0008 to about $10,000 or more, for a single coin. This currency has seen some big rallies and falls since then. However, with the introduction of so-called “stable” coins – those backed by the US dollar, or even gold, this cryptocurrency volatility can now be brought under control.

But before we explore this new form of crypto-based e-commerce as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how banks themselves have changed over the last 50 years or so.

Who remembers the good old checkbook? Before the advent of bank debit cards in 1987, checks were the primary means of transferring funds to others in commercial transactions. Then with bank debit cards, along with ATMs, getting to one’s FIAT assets became much faster, and for on-line commercial transactions.

A problem that has always existed with banks is that most of us need at least 2 personal bank accounts (a checking account and a savings account) and one for each business we own. Also, trying to “quickly” transfer money from your bank account to say a destination abroad, was something like SWIFT!

Another issue was cost. Not only did we have to pay a regular service fee on each bank account, but we also had a hefty fee for each transaction, and of course on very rare occasions we would not get any profitable interest on the money in our checking account. Account.

on top of that, Overnight stay By trading, every night, using expert financial traders (or, later, artificial intelligence (AI) trading systems), all OUR assets would be traded, and with economies of scale, the Banks became the main earner of our property – but not us! See the potential business that can be made from “OVERNIGHT Trading”.

So to summarize, not only are the banks charging a large fee to store and move our assets, using smart trading techniques, they are also making a hefty profit trading our money on an overnight circuit, for which we see no benefit.

Another thing is – do you trust your bank with all your assets?

How about what the Bank of Scotland, which was the National Bank of Scotland, now owed by Lloyds Banking Group, recently flagged, in a September press release stating “The Lloyds Bank asset fraud – the most serious financial scandal of modern times.”

Why not google that website and then decide for yourself?

So let’s now look at how a crypto-based E-Commerce system should work and how the advantages that banks have enjoyed with OUR money can become a major profit center for asset owners – USA!

On the 10thth In October 2020, a new major crypto-based e-commerce company is launching – FREE.

In short, FreeBay, based in Switzerland, is a company that embeds its own Blockchain technology, with its own SAFE Crypto Coin (based on V999 technology), and allows its members to transfer their FIAT assets to Gold Bullion, removing the need for any BANK involvement.

V999: digital gold powered by blockchain; digital token, backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one-tenth of a fine gram gold bullion, stored in vaults. If you own V999, you own the underlying physical gold that is held in safekeeping. On top of that, FreeBay members can purchase packages that include powerful intelligence-based automated trading robots.

So now, not only can you achieve complete independence from a standard BANK, but you can also trade, like a Bank, your digital gold assets, in the form of V999 Crypto tokens, on the OVERNIGHT systems, only now you, the property owner, get the reward, not the banks.

But there is another great advantage of trading V999 tokens. As you would be Generic token holder, so like banks, every time a V999 token is traded (ie sold) to, say, buy Bitcoin, or any other cryptocurrency, a transaction fee is charged. Each time a transaction occurs, the generic V999 token holder receives a small percentage of that fee.

Note that when a trade happens and the V999 token is sold, in exchange for Bitcoin or any other crypto coin, a small percentage of that transaction fee is paid to GENERIC OWNER of that token (ie VI). Because Freebay’s goal is to make V999 token one of the most sought-after secure crypto coins, even after your token is sold to another merchant, because you are still Generic owner of V999 tokenswhenever that token is traded by any other trader, You are – the generic owner of that token who gets trading commission.

This could not only create a large Passive income to you, for life, but is subject to your descendants – and nowhere is a conventional bank involved.

So the more V999 tokens you buy and get into circulation, the bigger and better your residual income – not just for your lifetime, but probably for your family members too – could become a reality.

Interested enough to learn more? Then click here.

The Five Laws of Gold

We live in an impatient age, and when it comes to money, we want it more now, today, not tomorrow. Whether it’s a mortgage deposit or clearing those credit cards that drain our energy long after we’ve stopped enjoying what we bought with them, the sooner the better. When it comes to investing, we want easy pickings and quick returns. Hence the current cryptocurrency mania. Why invest in nanotechnology or machine learning when Ethereum is locked in an endless upward spiral and Bitcoin is the gift that keeps on giving?

A century ago, the American writer George S Clason took a different approach. In The Richest Man in Babylon, he gave the world a treasure trove—literally—of financial principles based on things that might seem old-fashioned today: caution, prudence, and wisdom. Clason used sages from the ancient city of Babylon as spokespeople for his financial advice, but that advice is as relevant today as it was a century ago, when the Wall Street Crash and Great Depression loomed.

Take for example the five laws of gold. If you want to put your personal finances on a sound footing, wherever you are in life, this is for you:

Law No. 1: Gold comes readily and in increasing quantity to anyone who invests at least a tenth of his earnings to create an estate for his future and the future of his family. In other words, save 10% of your income. The minimum. Save more than that if you can. And that 10% is not for next year’s vacation or a new car. It is for the long term. Your 10% could include your pension contributions, ISAs, premium bonds or any type of high interest/restricted access savings account. OK, interest rates for savers are now at historically low levels, but who knows where they will be in five or ten years? And compound interest means your savings will grow faster than you think.

Law No. 2: Gold works diligently and happily for a wise owner who finds him a profitable job. So if you want to invest rather than save, do it wisely. No cryptocurrencies or pyramid schemes. We focus on the words “profitable” and “employment”. Make your money work for you, but remember that the best you can hope for this side of the rainbow is a steady long-term return, not a lottery win. In practice, this probably means shares in established companies that offer a regular dividend and a steady upward trend in the share price. You can invest directly or through a fund manager in the form of funds, but before you part with a single penny, see Laws 3, 4 and 5…

Law no. 3: Gold clings to the protection of a cautious owner who invests it on the advice of those who handle it. Before you do anything, talk to a qualified, experienced financial advisor. If you don’t know it, research it. Check them out online. What expertise do they have? What kind of clients? Read the reviews. Call them first and see what they have to offer, then decide if a face-to-face meeting will work. Check out their commission arrangements. Are they independent or tied to a particular company, under contract to promote that company’s financial products? A decent financial advisor will encourage you to get the basics down: a pension, life insurance, a place to live, before steering you towards investing in emerging markets and space travel. Once you’re satisfied that you’ve found an advisor you can count on, listen to them. Trust their advice. But check your relationship with them at regular intervals, say once a year, and if you’re not happy, look elsewhere. Chances are, if your judgment was sound to begin with, you’ll stick with the same advisor for many years.

Law no. 4: Gold eludes him who invests it in affairs or purposes with which they are unacquainted or disapproved by those skilled in its keeping. If you have a deep knowledge of food retailing, be sure to invest in a supermarket chain that is increasing market share. Likewise, if you work for a company that has an employee share plan, it makes sense to take advantage of it, if you’re confident that your company has good prospects. But you should never invest in any market or financial product that you don’t understand (remember the crash!) or can’t fully research. If you are tempted to try your hand at currency or options trading and have a financial advisor, talk to them first. If they are not up to date, ask them to refer you to someone who is. Best of all, stay away from anything you’re not sure about, regardless of the potential return.

Law no. 5: Gold flees from one who seeks impossible profits or who follows the tempting advice of swindlers and schemers or who trusts his own inexperience. Again, the fifth law follows on the heels of the fourth. If you start scouring the internet for financial advice and wealth building ideas, your inbox will soon be full of “scammers and schemers” promising you the land if you invest £999 in their £1 to £1XXXXXX “system” in Chicago the stock market. Remember, the only one making money in a gold rush is the one selling shovels. Buy the wrong shovel and you’ll quickly find yourself in debt. Not only will you be paying through the nose for a system that has no proven value; by following it you will probably lose much more than the price you paid for it. At the very least, you should check the original product reviews. And never buy a system, investment vehicle or financial product from any company that is not registered by a national watchdog, such as the Financial Conduct Authority for the UK.

Online store sells gold product based on digital currency

Forces fought and burned cities to the ground to acquire the metals. All the time, every time gold has stood the test of time, it is much easier to own it for yourself than ever before. There are gold bars that are approved for individual retirement accounts and also certified. So much is offered in 1 Oz and 1/10 Oz gold rounds, at the best prices people can find. A selection of gold coins, which are legal tender, are offered in sizes of 1/20 Oz, 1/10 Oz, ¼ Oz, ½ Oz and 1 Oz. They are IRA approved which means they are good for individual retirement accounts and certified which means that senior citizens and other target investors from the United States can rest easy on their assets. For buyers looking for them with a lot of pieces that are bought every day, they are in abundance. Some are considered historical. Buying from a commercial website is buying directly from the supplier without the need for retail operations. The no-surcharge website ensures safe shipping and handling. The consumer is not concerned about receiving factory-made rounds that would be ordered freshly minted from a wholesale company, when one orders 100 or more coins. The product will be brand new and original. Customers regularly shop online to buy high quality. 9999 fine gold bars and gold coins from The Mint.
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One coin in the latest menu addition on the website is dedicated cryptocurrency collection. It is 1 oz in size. It’s called gold Bitcoin .9999 Fine Bullion Round. Customers look at a display with a Bitcoin It is designed with an icon in physical form on the front and an image of a globe on the back.
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The coin is minted in the form of gold bars. That is 9999 fine gold or 24 kt

Balance not designed for consumption not designed for cash flow. It is a work of art.

It weighs 1 troy ounce. It costs $1,289.40 or $1,341.00

IT IS reeded in its creation. This coin has a Latin term meaning many numbers called vires. The Sku the number is CRYPTOBITC1.0AU
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Bitcoin is the first digital money flow that transfers authority from a central point to some local government and is now remembered in gold. Some people can buy anywhere from one to dozens from a site sellers call Mint. Voters who use Blockchain (a certain kind Bitcoin wallet) buy this coin in the United States of America.
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Wholesale Source provides free shipping on all orders of $500 or more, and shipping is secure within the United States. A smaller number of shipments were subject to export laws.

Smart Bitcoin Strategies to Accumulate Gold Bars

I heard about bitcoin a few years ago in 2013 and never expected it to grow into the strong cryptocurrency it is today. At the time of writing, the market is trading at a higher value than gold. This has opened a window of many opportunities for me, as I am already in the market to accumulate this digital currency and gold bars on a daily basis.

Through my experience I have gained knowledge and developed methods to use this cryptocurrency and build a wheel of wealth to acquire gold on a continuous basis using its power.

The following points are the methods I use to accumulate bitcoins and gold bars.

  • Find a company that sells gold bars

  • Open an online bitcoin wallet

  • Start mining bitcoin online or offline

  • Buy gold bars with bitcoin

The above are the basic steps to achieve the process and it requires specific methods to be successful. In my opinion this is the best bitcoin strategy to accumulate gold and have it delivered to your doorstep every month.

Find a company that sells gold bars

There are many online companies on the internet that sell gold bars, but there are very few that offer incentive programs when you become their customer. You need to look for a company that offers much more than selling gold bars. This company should offer quality products, such as selling gold bars in small sizes of 1 gram, 2.5 grams and 5 grams. The gold itself must be 24 karat gold, which is the highest quality you can get. Incentive programs should allow you to earn commissions when you refer people to the company.

Open an online bitcoin wallet

You’ll need a place to store your bitcoins when you’re ready to get started in the cryptocurrency market. There are many online bitcoin wallets available to the public for free. Look for a company that offers a wallet to store your bitcoins and an offline vault to protect it. There are many hackers who try to break into the wallets of online users and steal all their bitcoins. By storing your bitcoin offline, you will never fall victim to online hackers.

Start mining bitcoin online or offline

There are two main ways to get bitcoins. Mine bitcoin online or offline. Mining bitcoins online is very easy and much simpler than offline methods. I personally use both methods to test the profitability of each. Joining an online bitcoin mining farm would be a great way to get started.

You have to be very careful with this option as well, because there are thousands of scammers who claim to have a bitcoin farm when in fact they don’t. These guys are creating Ponzi schemes and will only steal as much as they can from you. There are both proven and real companies that have bitcoin farms that work every day that I personally use.

You can also mine bitcoin offline by purchasing a bitcoin miner, which is computer hardware that you set up at home. This hardware then connects to the internet and will start mining bitcoins. This bitcoin will then automatically be sent to your online bitcoin wallet.

Buy gold bars with bitcoin

Now that bitcoin is coming your way everyday, there are very specific ways you need to follow to buy gold bullion from your chosen company. You need to link your bitcoin wallet to your visa card. This card must also be offered to you by your chosen bitcoin wallet company. Use this card to buy gold bars whenever you have enough bitcoins in your online wallet.

The above are the very basic steps I use to make this process successful, and I’ve never looked back since I started doing it.

A quick but thorough comparison between gold and bitcoin

A quick comparison between cryptocurrency, gold and bitcoin

In some places, gold seems to have a more important place in the financial world. On the other hand, some people are starting to see Bitcoin as a valid method to store our savings.

This allows us to make purchases and perform other daily transactions. For the average consumer, Bitcoin and other cryptocurrencies appear to be a relevant alternative. It’s probably a good time to make a comparison between gold and Bitcoin and Ethereum (another cryptocurrency).

People have been using gold as a type of currency since millennia ago; while Bitcoin has only been around for a little over a decade. Although the concept has gone through a certain maturation process, gold still has a pervasive influence on the market. Bitcoin promises constant improvements in convenience, security and functionality. Experts have compared the current state of Bitcoin to the Internet in the early to mid-1990s. Proponents of Bitcoin argue that almost all advances in gold have already taken place, as evidenced by the mass acceptance of any physical gold bullion since millennia ago. In fact, some company acquisitions were done using gold as currency. They simply do not believe that the government will not go into hyperinflation.

The idea of ​​gold versus Bitcoin is an important argument worth setting aside. Instead of choosing one of them; many of us would prefer to use a combination of them to take advantage of the better qualities of each. In fact, we have seen the coexistence of Bitcoin and gold, in the form of the “Casascius coin. This is the first case of Bitcoin and gold merging and it will not be the last.

Another cryptocurrency Ethereum is $1,549.00. It’s usually best to mine with Raedon graphics cards x 5 or 6 racked for optimal organization. Lan cables allow it to mine at high speeds for profit versus power consumption.

Paper money is our solution to improve circulation, and gold is our ancestors’ solution to preserve the value of currency. Metal is less affected by inflation because it is much more expensive than paper or other cheap metals. And, cryptocurrency is a new technological equipment that provides reliability during transactions, with the timelessness and precision of a Swiss watch.

Regardless of the criticism, Bitcoin and other cryptocurrencies will continue to attract many people due to their distinct advantages, especially compared to conventional currencies such as paper money that are inflated and often lost, spent or stolen.

It is based on instant, direct P2P (peer-to-peer) transactions to completely avoid cumbersome and expensive electronic payment systems. Over time, investors would discover that Bitcoin provides a better store of value than any serially printed flat currency.

The Bitcoin protocol places a limit on the amount of bitcoins available at any one time. There will always be 21 million bitcoins and the system sometimes seems fairer than even the US dollar. With Bitcoin and other cryptocurrencies, consumers could gain increased financial privacy; although there are concerns that the government will quietly plug into the system with constant financial oversight.