Bitcoin Price Predictions

Let’s recap the crypto security part and if you need to, see Part1.

Bitcoin security is important. Your bitcoin or any cryptocurrency has a unique address or identification or private key. Therefore, you need to realize the importance of keeping it safe. If you lose it, it’s hard to recover, so you need to secure it as much as you can.

I need to make this clear, because security should be paramount and should not be given lightly.

There are countless stories of individuals losing access to their computers (either through negligence or wrongdoing) and ultimately unable to recover their bitcoin or other cryptocurrency. This should be the equivalent of leaving your wallet vulnerable by a pickpocket or indifferent when going out.

Fortunately there is a way to double protect your assets. A secure hardware wallet will ensure that, if you are unlucky enough to lose access to your computer or tablet etc., (in any way) you have the ability to recover your bitcoin, ethereum, litecoin and so on.

The hardware wallet allows you to retrieve your cryptocurrency on any other computer, as it is a usb connection that you use to secure your transactions.

The second level of security.

Trezor is the original hardware wallet and is easily set up for your bitcoin security. There are other products available, but for the rest of this article I decided to tackle the Trezor hardware wallet first.

The main principal for Trezors bitcoin security is one of zero trust.

Using the Trezor screen, you can independently verify and physically confirm each transaction directly on your device.

It also requires a pin from you every time you log in. So make sure you are available at all times.

As a utility purpose, there are no other functions in the wallet.

Simple equals more security.

Trezor is no exception to the risk of malware or viruses, period. However, the fewer devices Trezor talks about, i.e. no Bluetooth, wifi or Qr code scanning, so the simpler the communication protocol, the more secure your bitcoin security.

Also, Trezor has no battery. If unplugged, it is gone and your coins are safe from any cyber attack.

I hope I have emphasized the importance of bitcoin security. The main issues are, zero trust and concrete security. Also make sure your backup process is as secure, ie if necessary make sure your details are accessible to someone you trust clearly.

Are you thinking of starting the world of crypto trading? If so, make sure you avoid common mistakes. You can be better than most crypto traders by avoiding these mistakes. The interesting thing is that almost every entrepreneur makes these mistakes without even realizing it. Without further ado, let’s examine the common mistakes. Read on to find out more.

1. Emotional decision making

Those who start out in business emotionally. But the thing is that doing business has nothing to do with your emotions. In fact, if you make decisions based on your emotions, you are going to fail down the road.

2. Buy high and sell low

Another common mistake made by beginners is to buy high and sell low. You don’t want to be selfish while doing this business. All you have to do is buy low and sell high. This is the only way to make a profit trading in Bitcoin.

3. Sell immediately

Because of the two mistakes mentioned above, people start buying or selling their Bitcoins at once rather than buying and selling them gradually in small quantities. If you ask an experienced trader, they will ask you to sell 20% of your Bitcoin post for 50% profit. But the problem is that new traders are too hard to sell. So, they don’t have the money to buy dips. Some of them sell all their Bitcoins at once.

4. Buying and wrong money

New trades in buying cryptocurrencies are making tons of promises using big words. But they are unaware that these currencies do not provide any technical innovations, such as Litecoin, NEO, Tron and EOS, to name a few. The problem is that they are relatively centralized blockchains. So you can avoid them.

5. Put your eggs in too many baskets

Because of the previous mistake, beginners are likely to invest in multiple cryptocurrencies. This is not a good idea because it can make it difficult for you to make money. Basically, you can invest 3 to 4 coins. In the world of cryptocurrency, you can’t afford to put all your eggs in tons of baskets.

6. Put all the eggs in a basket

Another common mistake is to put all your eggs in the same basket. Ideally, you should have a well -diversified portfolio. Other than that, you don’t want to deposit all your cryptocurrencies in the same wallet or exchange. All you have to do is use at least three wallets. This will help you protect your investment.

Long story short, these are just some of the most common mistakes new cryptocurrency traders make. If you follow these steps, you are less likely to make these mistakes. As a result, your investment will be safer and you will be more profitable than suffering a loss. Hopefully, these tips will help you get started as a new entrepreneur and earn a lot of income.

A Quick Comparison Between Crypto Currency, Gold, and Bitcoin

In some areas, 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 way to hold our savings.

This allows us to make purchases and perform other day-to-day transactions. For the average consumer, Bitcoin and other crypto-currencies seem to provide a suitable alternative. Maybe this is a good time to make a comparison between gold and Bitcoin and Ethereum (another crypto-currency) ..

People have been using gold as a form of money since millennia ago; while Bitcoin has only been around for over a decade. Even if the concept has gone through some process of maturity, gold has had widespread influence in the market. Bitcoin promises continuous improvements in convenience, security and functionality. Experts compare the current state of Bitcoin on the Internet in the early and mid-1990s. Bitcoin proponents argue that almost all gold-related developments have already taken place as seen by most acceptance. of any physical gold bullion products since a millennium ago. In fact, some of the company’s acquisitions operate using gold as currency. They just don’t believe the government won’t go into hyper inflation.

The idea of ​​gold versus Bitcoin is an important argument that should be kept secret. Instead of choosing one of them; many of us like to use a combination of these to take advantage of the better qualities of each. In fact, we see a co-existence between Bitcoin and gold, in the form of “Casascius coins. This is the first time Bitcoin and gold have come together and this is not the last.

Ethereum another crypto currency is available at $ 1,549.00. It is usually best mined using a Raedon graphics card x 5 or 6 placed on racks for the best organization. Lan cables allow it to mine at high speeds to maximize power consumption.

Paper money was our solution to improve circulation and gold was our ancestral solution to preserve the value of money. Metal is less affected by inflation, as it is more expensive than paper or other cheap metals. And, crypto currency is the new technological tool to provide reliability during transactions, with the timeliness and accuracy of a Swiss watch.

Despite the criticism, Bitcoin and other crypto currencies will continue to appeal to many people because of their distinct advantages, especially when compared to conventional currencies such as paper money that swell and often swell. 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 will find that Bitcoin delivers a better store of value than any serially-printed flat currencies.

The Bitcoin protocol places a limit on the number of bitcoins that can be used at one time. There are always 21 million bitcoins and the system seems more honest than the US dollar sometimes. With Bitcoin and other crypto-currencies, consumers can get more financial privacy; even if there are concerns that the government will quietly tap into the system with constant financial monitoring.

What is the future of money? Imagine walking into a restaurant and looking at the digital menu board of your favorite combo meal. Only, instead of it being priced at $ 8.99, it is displayed as.009 BTC.

Could crypto be the future of money? The answer to that question depends on the general consensus on several key decisions from ease of use to security and regulations.

Let’s examine both sides of the (digital) coin and compare and contrast traditional fiat money with cryptocurrency.

The first and most important part is trust.

People have to trust the money they spend. What gives the dollar its value? Is it gold? No, the dollar has not been supported by gold since the 1970s. Then what gives the dollar (or any other fiat currency) value? The currency of some countries is considered stronger than others. Finally, people’s confidence that the issuing government of that money firmly stands behind it and essentially guarantees “value.”

How does trusting Bitcoin work because it is decentralized which means they are not a governing body that issues coins? Bitcoin sits on the blockchain that is essentially an online accounting ledger that allows the entire world to see every transaction. Each of these transactions is authenticated by miners (people who operate computers on a peer to peer network) to prevent fraud and also ensure no double spending. In exchange for their blockchain integrity maintenance services, miners receive a fee for each transaction they verify. Because there are countless miners trying to make money everyone is checking on each other working for mistakes. This proof of the working process is the reason the blockchain has not been hacked. In fact, this trust is what gives Bitcoin value.

Next we look at the best friend of trust, security.

What if my bank is robbed or there is fraudulent activity on my credit card? My bank deposits are covered by FDIC insurance. It is likely that my bank will also refuse any payments to my card that I have not already made. That doesn’t mean criminals will no longer be able to perform stunts that are least frustrating and time consuming. It is more or less peace of mind that comes from knowing that I am likely to recover from any wrongdoing against me.

In crypto, there are many options for where to put your money. It is necessary to know if the transactions are insured for your protection. There are well-known exchanges like Binance and Coinbase that have a proven track record of correcting errors for their clients. Just as there are lesser -known banks around the world, the same is true of crypto.

What happens if I throw the twenty dollar bill into the fire? This is also true for crypto. If I lose my credentials to sign in to a digital wallet or exchange then I will not be able to access the coins. Once again, I can’t stress enough the importance of running the business of a reputable company.

The next issue is scaling. Right now, this is probably the biggest barrier preventing people from making multiple blockchain transactions. When it comes to the speed of transactions, fiat money will act much faster than crypto. Visa can handle about 40,000 transactions per second. Under normal circumstances, the blockchain can only handle about 10 per second. However, a new protocol has been implemented that will increase it to 60,000 transactions per second. Known as the Lightning Network, it could result in creating the crypto future of money.

The conversation is incomplete without talking about convenience. What do people usually like about their traditional approach to banking and spending? For those who like money, it’s obviously easy to use most of the time. If you are trying to book a hotel room or a rental car, you will need a credit card. Personally, I use my credit card wherever I go for convenience, security and rewards.

Did you know that there are outside companies that also provide all of this in the crypto space? Monaco now issues Visa logo-ed cards that automatically convert your digital currency to local currency for you.

If you’ve ever tried to wire money to someone you know the process can be tedious and expensive. Blockchain transactions allow a user to send crypto to anyone in just a few minutes, no matter where they live. It is also cheaper and safer than sending a bank wire.

There are other modern methods of transferring money available in both worlds. Consider, for example, applications such as Zelle, Venmo and Messenger Pay. These apps are used for millions of millennia every day. Did you know that they are also starting to include crypto?

The Square Cash app now includes Bitcoin and CEO Jack Dorsey said: “Bitcoin, for us, never stops buying and selling. We believe it is a transformational technology for our industry, and we want to learn the most. It’s easy. ”

He added, “Bitcoin offers an opportunity to get more people access to the financial system”.

While it’s clear that fiat spending still dominates the way most of us move money, the new crypto system is quickly gaining ground. The evidence is everywhere. Before 2017 it was hard to find mainstream media coverage. Today almost all major business news covers Bitcoin. From Forbes to Fidelity, they all weigh their opinions.

What is my opinion? Perhaps the biggest reason Bitcoin can succeed is that it is fair, inclusive and provides financial access to many people around the world. It is viewed by banks and large institutions as a threat to their lives. They stand at the loss of the end of the largest wealth transfer the world has ever seen.

Still undecided? Ask yourself this question: “Do people rely on governments and banks more or less with each passing day?”

Your answer to that question may be what determines the future of money.

Chances are you read this article after the latest Bitcoin price jump scandal found it embarrassing at the $ 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of the reasons you need:

MORE TO COME

The first thing a lot of people think about, when they hear about the current price, is that they’re too late and people who are still buying Bitcoin are just jumping on the bandwagon. In fact, with the mining years to come and the money is still in its infancy (like the teenage years), its value will go up even more and it’s a good investment.

AUTOMATED TECHNOLOGY

Blockchain is not just about cryptocurrency. This is the future of the supply chain and the fight against counterfeiting. Super smart protocols like DAO (Decentralized Autonomous Organization) and Smart Contracts are some of the things that come from the blockchain that automate an organization’s work and money transactions.

safety

Every day people are robbed and commit bank robberies. Bitcoin and Blockchain ensure that the money stored in your digital wallet is at a level of security that is much more secure than the virtual number that describes your money at your local bank.

MAKING MONEY

Have you ever had a bad experience where you had to send a money to the other side of the world and the amount of fees for converting money, opening Letter of Credits, bank fees etc. makes you shiver? Bitcoin eliminates all of that. Since there is no banking system when it comes to cryptocurrencies, there is no intermediary like a bank. You can avoid all excessive fees by sending money directly to the intended recipient.

MONEY IS TIME

Did we mention that you can send the money directly to yourself? That will save you time because you don’t have to fill out forms and applications. Just ask for the recipient’s public address and click the required amount.

NO INFLATION

Since Bitcoins are limited in number (only 21 million can be), the value of this cryptocurrency will not decrease as the supply is limited but the constant increase in demand means that it is floating on its own currency. No inflation translates into a very good investment.

YOURSELF

Remember the financial crisis in Greece where town councils were asked to hand over more money to the central bank? With normal money, the central bank is the owner, not you, and can force you to return it to them. Bitcoin is not owned by anyone, but yourself for the amount at hand. No one can force it away from you.

It’s never too late to invest in Bitcoin and Blockchain, but like any other currency, the future is unpredictable. Study the charts of your preferred bitcoin exchange well before committing to an investment.

Bitcoin is a new type of currency that has only recently begun to attack mainstream markets.

Critics say the use of Bitcoins is unsafe because –

• They have no real value

• They are not regulated

• They can be used to make illegal transactions

Yet all the major players in the market are talking about Bitcoins. Below are some good reasons why it is worth using this crypto currency.

Quick payment – If payments are made through the use of banks, the transaction will take a few days, same wire transfers also take longer. On the other hand, virtual Bitcoin transactions are generally faster.

“Zero-confirmation” transactions are immediate, where the trader accepts the risk, which is still not approved by the Bitcoin block-chain. If the trader needs an approval, then the transaction will take 10 minutes. This is faster than any inter-banking transfer.

Not expensive – Credit or debit card transactions are instantaneous, but you are charged a fee for using this privilege. In Bitcoin transactions, the fees are usually low, and in some cases, they are free.

No one gets it – Bitcoin is decentralized, so no central authority can get a percentage out of your deposits.

No chargeback – Once you sell Bitcoins, they are gone. You cannot recover it without the recipient’s permission. As such, it can be difficult to commit chargeback fraud, which is often experienced by people with credit cards.

People buy items and if they find that they are defective, they contact the credit card agency to make a chargeback, which effectively reverses the transaction. The credit card company does this and charges you an expensive chargeback fee ranging from $ 5- $ 15.

Secure personal details – Credit card numbers are stolen during online payments. A Bitcoin transaction does not require any personal details. You will need to combine your private key and the Bitcoin key to make a transaction.

You need to make sure that your private key is not accessible to strangers.

It’s not inflationary – The Federal Reserve is printing more dollars, every time the economy is sputtering. The government injects newly created money into the economy causing a decrease in the amount of money, thus causing inflation. Inflation can reduce people’s power to buy things because the price of commodities will rise.

Bitcoins have a limited supply. The system is designed to stop mining and add Bitcoins to reach 21 million. This means that inflation is not an issue, but deflation will be triggered, where commodity prices will fall.

Semi -anonymous operations – Bitcoin is relatively private, but transparent. The Bitcoin address is revealed in the block-chain. Everyone can see your wallet, but your name cannot be seen.

Easy micro -payments – Bitcoins allow you to make micropayments like 22 cents for free.

Replacement of fiat currencies – Bitcoins are good options for holding national currencies that have experienced capital controls, and high inflation.

Bitcoins become legitimate – Major institutions such as the Bank of England and the Fed have decided to take over Bitcoins for trading. More and more outlets like Reditt, Pizza chain, WordPress, Baidu, and many other small businesses are now accepting Bitcoin payments. Many binary trading and Forex brokers also allow you to trade Bitcoins.

Bitcoin is the pioneer of the new era of crypto-currency, the technology that gives you a glimpse into the future of money.

Bitcoin is a virtual currency. It’s not in the kind of physical form where the currency and coin we used to use. These are electrons – not molecules.

But think about how much personal management you have. You can get a paycheck that you take to the bank – or it’s autodeposited without you seeing the paper without it being printed. Then you use a debit card (or checkbook, if you’re old school) to access the funds. At best, you can find 10% of it in a cash form in your pocket or in your pocketbook. So, it turns out that 90% of the funds you manage are virtual – electrons in a spreadsheet or database.

But wait – those are funds in the US (or in any country you’re from), safe in the bank and guaranteed in full FDIC trust up to about $ 250K per account, right? Well, not exactly. Your financial institution may only need to keep 10% of its deposits on deposit. In some cases, it is smaller. It lends the rest of your money to other people for up to 30 years. It charges them for debt, and you are paid for the privilege of lending to them.

How to generate money?

Your bank can make money by lending it.

Say you deposit $ 1,000 in your bank. Then they lent $ 900 of it. Suddenly you have $ 1000 and others have $ 900. Surprisingly, there was $ 1900 floating around where there used to be only one grand.

Now let’s say your bank lends 900 of your dollars to another bank. That bank in turn lent $ 810 to another bank, which then lent $ 720 to a customer. Poof! $ 3,430 all of a sudden – almost $ 2500 made from the left – as long as the bank follows your government’s central bank rules.

Creating Bitcoin is rather different from creating bank funds than money from electrons. It is not controlled by the central government bank, but by the consensus of its users and nodes. It was not created with the limited mint of a building, but through distributed open source software and computing. And it takes some kind of actual work for creation. More on that soon.

Who invented BitCoin?

The first BitCoins were in a block of 50 (the “Genesis Block”) created by Satoshi Nakomoto in January 2009. It was never worth it at first. It’s just a cryptographer’s game based on a paper published two months ago by Nakomoto. Nakotmoto is obviously a fictional name – no one knows who he or they are.

Who is tracking all this?

When Genesis Block was created, BitCoins has since done so by doing the work of keeping track of all transactions for all BitCoins as a kind of public ledger. The nodes / computers that perform the ledger calculations are rewarded for doing so. For each set of successful calculations, the node is rewarded with a specific amount of BitCoin (“BTC”), which is newly generated in the BitCoin ecosystem. Hence the term, “BitCoin Miner” – because the process creates a new BTC. As the supply of BTC increases, and as transactions increase, the work required to update the public ledger becomes more difficult and complicated. As a result, the number of new BTC in the system is designed to be about 50 BTC (one block) every 10 minutes, worldwide.

Although the computing power for BitCoin mining (and for updating the public ledger) is currently on the rise, so is the complexity of the mathematical problem (which, in fact, also requires a specific amount of prediction), or “proof” required by mining. BitCoin and to settle transactional books at any time. So the system can still only generate one 50 BTC block every 10 minutes, or 2106 blocks every 2 weeks.

So, in a sense, everyone is tracking it – that is, all the nodes in the network are tracking the history of each BitCoin.

How many are there and where are they?

There is a maximum amount of BitCoin that can be made, and that number is 21 million. According to Khan Academy, the number is expected to increase around the year 2140.

This morning there were 12.1 million BTC in circulation

Your own BitCoin is stored in a file (your BitCoin wallet) in your own storage – your computer. The file itself is proof of the amount of BTC you have, and it can work with you on a mobile device.

If that file with the cryptographic key in your wallet is lost, so is your supply of BitCoin funds. And you can’t take it back.

How much is it worth?

The amount varies based on how much people think it’s worth – like exchanging “real money.” But since there is no central authority trying to keep the amount at a certain level, it can vary even more dynamically. The first BTC was basically worthless at the time, but that BTC was still there. As of 11AM on December 11, 2013, the public value is $ 906.00 US per BitCoin. When I finished writing this sentence, it was $ 900.00. At the beginning of 2013, the cost was about $ 20.00 US. As of November 27, 2013 it was worth more than $ 1,000.00 US per BTC. So it’s a quick change for now, but it’s expected to settle.

The total value of all BitCoin – at the time of the end of this sentence – was about 11 billion US dollars.

How do I get some?

First, you need to have a BitCoin wallet. This article has links to get one.

Then one way is to buy some from another private party, like these guys on Bloomberg TV. One way is to buy others on an exchange, such as Mt. Gox.

And finally, one way is to dedicate a lot of computer power and electricity to the process and become a BitCoin miner. That is beyond the scope of this article. But if you have a few thousand extra dollars around, you can get a rig.

How do I spend?

There are hundreds of merchants of all sizes taking BitCoin for payment, from cafes to car dealerships. There is even a BitCoin ATM in Vancouver, British Columbia for converting your BTC to cash in Vancouver, BC.

Unya?

Money has a long history – millennia in length. Recent legend tells us that Manhattan Island was bought for wampum – shellfish and so on. In the early years of the United States, different banks printed their own money. On a recent visit to Salt Spring Island in British Columbia, I spent some good money on the beautiful island. The common theme among them is a trust agreement among its users that a particular money has value. Sometimes that value is directly tied to something solid and physical, such as gold. In 1900 the US tied its currency directly to gold (the “Gold Standard”) and in 1971, that tie ended.

Now money is sold like any other product, even if the amount of money in a particular country can be increased or decreased through the actions of their central bank. BitCoin is an alternative currency that is also traded and its value, like other commodities, is determined by trade, but is not constrained or reduced by the action of any bank, but directly by the actions of its users. Its supply is limited and known though, and (unlike physical money) so is the history of every BitCoin. Its perceived value, like all other currencies, is based on its use and reliability.

As a form of money, BitCoin isn’t exactly a new thing in Creation, but it’s certainly a new way to make money.

The CryptoCurrency Certification Consortium (C4) has established several cryptocurrency standards to help ensure a balance of decentralization, trust, privacy, openness, usability and security. If you pass the CBP exam, you will get a certification. This will improve your professional stance. In this article, we will find out why you need to pursue a professional Bitcoin certification. Read more.

1. Qualifications

First of all, if you go for this certification, you will become a qualified professional. Therefore, you can be more prominent in the group as far as professional and personal ability.

2. Requested

If you are part of the Bitcoin ecosystem as a professional, you will enjoy many opportunities as an entrepreneur, freelancer and individual. The fact of the matter is that start-ups, media outlets, and global organizations are constantly on the lookout for professionals in the Bitcoin world.

3. Comprehensive Understanding

After you receive your certification, you will gain a solid understanding of cryptocurrency. As a result, you can practice your knowledge in a better way.

4. Expert

If you become a CBP, you can use technology in your area of ​​expertise. The reason is that you will have a much stronger understanding of many issues, such as privacy and double spending.

Requirements

• No prior knowledge of cryptocurrency is required

• Basic understanding of smartphone and computer operations

• Familiar with Android and Windows OS

Target Audience

• Bitcoin users

• Project managers

• IT professionals

• Journalists and bloggers

• Entrepreneurs

• Teachers, educators and professors

• Marketing and sales pros

• Controllers and accountants

How To Become A Bitcoin Certified Professional

If you want to become a CBP, you have to pay the fee and pass the exam. For this, it is necessary to have access to essential study material. The study material is enough for you to study for up to 2 years. It consists of 33 topics and 6 domains.

The examination is in English language and the duration is 24 months. The exam fee is under $ 100, and the supplementary exam fee and the renewal fee are under $ 50.

To clear the exam, make sure you get at least a 70% mark. If you fail to pass the exam on your first try, you can pay the fee and take the test again.

There is also a time limit during the trial period. You have to try 75 questions in just 20 minutes. These include true and false and MCQs. The reason behind the time limit is to prevent searchers from trying to use a search engine to find the right answers.

In short, these are the reasons and steps to become a certified professional. Hope this helps.

Binary options have become more and more popular in the last 2 years. This type of trading is desired by new traders because they no longer have to buy anything, just predict if the asset will go up or down in a specific time frame. Trades take place in short time frames (30 sec, 1 min, 5 min) but can also take months. If the trader predicts wrong, they will obviously lose their money. If the trader is correct in his prediction, they will receive an 80-85% payout, depending on the broker.

Binary options are sometimes called ‘all-or-nothing options’, ‘digital options’, or ‘fixed return options’ (FROs), which are traded on the American Stock Exchange.

Bitcoin (BTC) a digital currency that is created and maintained electronically and has no control over it. “Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008, and released it as open-source software in 2009. The system is peer-to-peer; users can transact directly without the need for an intermediary.Transactions are authenticated by network nodes and recorded in a publicly distributed ledger called a blockchain.The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or an administrator, leading the U.S. Treasury to categorize it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency … “

Bitcoin as a currency in binary options trading

Bitcoin is already a widely used currency and many trading platforms have accepted it as a method of paying trading deposits to their clients. There are many benefits to using Bitcoin as a currency. The first benefit is “the fact that the transaction cost is the lowest of all online payment forms. This is why Bitcoin was created in the first place, to lower the cost of online transaction. Because since there is no central authority to manage Bitcoin, there is no service fee charged to receive or send payment. ” Another reason for traders to use Bitcoin as a currency is that Bitcoin itself can be traded and they can get more Bitcoins that way.

“By having all Bitcoin-targeted trading transactions, a trader will be able to protect himself from flipping this crypto currency while at the same time earning more of it by making a profit. earned in trading. “

Bitcoin as a commodity in binary options trading

With a recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms are starting to use Bitcoin as one of the currencies to be traded. so that asset. Stockbrokers saw the value of trading BTC against flat currencies, especially against the American Dollar.

Currently there are 2 main types of Bitcoin binary options platform:

• First -generation brokers – binary options platforms that allow Bitcoin trading

• Second generation brokers – platforms that offer both Bitcoin funding and Bitcoin trading

First generation brokers – brokers offering Bitcoin trading:

• Conut – only Bitcoin options exchange platform; programmed as a robust and distributed Linux operating system conut.com

• BTClevels – Bitcoin binary options trading platform; with or without registration, hassle free btclevels.com

• 24 Options – one of the first brokers to start offering BTC as an asset 24option.com

Second generation brokers – brokers offering Bitcoin funding and trading:

• Traderush binary platform – accepts BTC deposits traderush.com

• Nadex trading platform -accepts BTC funds and allows BTC trading; offers limited risk, short trading, transparency and fully regulated market nadex.com

• Satoshi Option trading platform – accepts BTC funds and allows BTC trading; does not require account registration or personal details. Payments are almost instant and the service can be accessed from anywhere in the world at satoshioption.com

• BTCOracle platform – Bitcoin only platform – allows BTC funding and trading offering several wallet options and full transparency btcoracle.com

• Bitstamp platform – As above, BTC only platform – allows BTC trading and funds but requires bitstamp.net login

• Bitcoin Wisdom – allows trading in 3 digital currencies, Bitcoins, Litecoins, Altcoins versus other flat currencies and requires login bitcoinwisdom.com

• Beast Option – allows BTC funding and trading of Bitcoins and Litecoins; guarantees fair pricing despite market fluctuations beastoptions.com

When choosing a Bitcoin broker it is important to check their terms and conditions, paying a particular attention to the information if their Bitcoin Assets are stored in “Deep Cold Storage”. This means that Bitcoins are secured and stored offline, where they are not easily taken away by hackers.

Bitcoin Cryptocurrency is buzzing around the world, whether you are on the internet or any media. It’s one of the most exciting and craziest things to happen that has existed in just the last few years. Best of all, you can get an amazing return by trading bitcoins or you can keep it in the long term.

You may have heard about Stocks, Commodities, Forex, and now a new currency called Bitcoin trading that is having a huge impact on our lives. In this new guide to Bitcoin cryptocurrency, you will learn the ABC of Bitcoin.

About Bitcoin Cryptocurrency

The emergence of Bitcoin is not yet known but a paper was published in October 2008 under the pseudonym Satoshi Nakamoto held from Japan. His identity is not yet known and it is believed that there were an estimated one million bitcoins worth more than $ 6 billion USD as of September 2017.

Bitcoin is a digital currency known as cryptocurrency and free of any geographical boundaries. It is not regulated by any government and all you need is an internet connection. As a newcomer, Bitcoin technology can confuse you and make it a bit difficult to know about it. However, I will help you dig this deeper and how you can also do your first Bitcoin trading with ease.

Bitcoin Cryptocurrency works on blockchain technology that is a digital public ledger and is shared by anyone in the world. You can see your transactions here whenever you do any Bitcoin trading and anyone can use the ledger to verify it. The transaction made will be completely transparent and verified on the blockchain. Bitcoin and other cryptocurrencies are part of the blockchain and a strange technology that runs only on the internet.

Key Terms Related to Bitcoin Cryptocurrency

Before you are ready to own your first Bitcoin, it is better to know the key terms related to bitcoins. It is also called the BTC part of bitcoin and 1 bitcoin equals 1 Million bits. With the advent of bitcoins, other alternative cryptocurrencies have also evolved. They are called Altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and others.

XBT and BTC are the same thing and are often abbreviated to bitcoin. Mining is another term used by many and it is actually a process done in computer hardware for Bitcoin networks.

Things You Can Do With Bitcoin

You will be able to sell, transact, receive and store bitcoin. You can send it to your friends, request from a friend and put it in your digital wallet. However, now you can top-up your mobile/DTH directly by paying via bitcoin.

The transaction cost is minimal compared to PayPal, Credit cards, and other online intermediaries. In addition, it also protects your privacy that can be leaked on the internet while using credit cards. It is very strong and no one can grab or steal coins. Due to its transparency in the system, it is also not possible to manipulate due to the shared public ledger. You can confirm the transaction from anywhere and anytime.

Demand is likely to increase because total production of bitcoins should be limited to only 21 million. It has already been legalized in Japan and other countries may follow soon and the price will go up even more.

I will discuss more about Bitcoins in detail in the coming days where you will learn many things about trading bitcoin. You can comment your views and ask anything related to bitcoins.

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