Should you trade with cryptocurrency? Read this cryptocurrency trading guide to find out if it’s for you. There are cryptocurrency trading strategies, which one should you adopt. For beginners this guide will give you the basics. The digital currency that is created and managed through the use of advanced encryption techniques known as cryptography.
Cryptocurrency changed the leap from being an academic concept to virtual reality with the creation of altcoin. This can be a good investment, it may be best to treat your “investment” in the same way you would treat any other highly speculative venture.
In this cryptocurrency world, these “transactions” there are users buying and selling different cryptocurrencies, in general in the form of virtual “coins”.
Some people talk about the “blockchain revolution”, and they are generally noticing that the blockchain can be used for secure transactions of almost any type: storing and moving birth certificates, votes, insurance claims, whatever.
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Reduce the risk of frauds – One of the biggest problems related to money its frauds, weather its transferring money or simply using the credit card on insurance sites. However, cryptocurrencies as digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card change-backs.
Identity theft – When you give your credit card to a merchant, you give him access your credit card line, even if it’s an small amount. Credit card operates on pull basis, where store initiates the payments and pulls the designated amount from your account. Cryptocurrencies uses a push mechanism that allows the holder to send the exactly what he wanted to the merchant or recipient with no further information.
Access to everyone – There are approximately 2.2 billion individuals with internet access or mobile phones who currently doesn’t have access to traditional exchanges systems. M-PESA system, a mobile phone –based money transfer, and micro financing service, not long time ago, announced a bitcoin – btc device with one in three Kenyans now owning a bitcoin wallet. Bicoin mining creates new Bitcoins which can be done if you have necessary skills and hardware. You can try Hashflare to mine Bitcoins without skills or hardware.
Lower fees – Even though usually there aren’t cryptocurrency transaction fee, many expect that most users will engage a third-part service. Such as coinbases, creating and maintaining their own bitcoin wallets. These services act like PayPal does for cash or credit card users, providing the online exchange system for bitcoin(btc), and as such, they are likely to charge fees.
The safest way to transfer foreign money – To reduce frauds when transferring money internationally, cryptocurrency can help to make it safer and also reduces any exchange fee, transactions fee and rick of robbery. Blockchain is a safe crypto technology based on encryption impossible to hack.
What Bitcoin and cryptocurrencies brings to us: Ideology of Decentralization.
Cryptocurrency is fundamentally a new decentralized operating system for the global economy.
There is still a big misunderstood, being associated for all the wrong reasons in the media.
Cryptos should not be thought of as just an investment, but instead it should be thought just like your mobile device, crypto merges hardware with software.
Hardware is whatever physical constructs we have developed and software is the creative juice which drives humanity forward. As our hardware advances, so does our software. This operating system is playing catch up to our needs. Like any software, it needs to be constantly patched, updated and fixed.
Just like the internet in the 90s, this scaling doesn’t happen overnight. The internet failed to scale gracefully for the past 25 years and yet it is still here. It will continue to do so as our needs continue to grow exponentially.
So this operating system needs to keep getting more and more advanced to keep up with innovation. That’s the natural evolution of free trade and exchange. Blockchain is way to go!
When you think of cryptocurrency as an operating system, it no longer becomes a tool for speculation or profit, it just becomes a series of marketplaces for the human communication of value. Just like you have a market for the US Dollar, Euros, Swiss Francs, Yuan, you equally can have a market for Bitcoin price code BTC, Ether, Litecoin, Monero for different needs that solves different unique problems.
We can compare this with automobiles, as more and more people started using cars, all of a sudden, there is a growing need to have regulatory systems in place in order to address the safety concerns of the users. All these new vehicles were posing danger to the surrounding people so that was needed new rules, exams and speed limits.
Like this new technology had to coexist with the old framework.
Similarly, years from now, we’re going to see the same thing with self-driving cars coexisting with human drivers. Cryptocurrencies coexisting with our hyper=centralized monetary policies.
As this natural technological evolution happens, you will begin to see cryptocurrencies rise to meet the challenges that centralized political forces & monetary policies poses.
Decentralization is important!
Centralization rarely acts in the best interest of any group other than those that keep them in power.
A quick look back into history and you can see the collapse of nearly every civilization is almost always due to centralized power. When you are part of it, you’re not just investing into Crytocurrencies, you’re investing in an ideology that is rooted in common sense, absolute freedom and self-determination.
The safest way to transfer foreign money – To reduce frauds when transferring money internationally, cryptocurrency can help to make it safer and also reduces any exchange fee, transactions fee and rick of robbery.
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