Beginner’s Guide: Introduction in Cryptocurrencies

As we begin to see the rise of cryptocurrency trading, more and more new digital assets are being built every day. The concept of this is absolutely brilliant, only we are left with a huge problem for many who will find fewer and fewer real quality investment options in the crypto market. More public and more it seems that only the top 15% of cryptocurrencies will maintain any significant value over time.

The reality of ICOs is a new idea, but we need to see a big change unfold to offer the security seen in traditional investment instruments. The fact that we are in a field where no government or authority can regulate these digital assets opens the door for fraudsters and defectors. This is the main problem with ICOs, even companies that may offer a legitimate product or service can end up losing investors’ money and leaving token holders stuck with assets that are truly worthless. This is what the Dibbs ICO promises to fix along with many other promises to change the world situation through blockchain development.

Dibbs ICO, presents to the public an erc20 token that has some additional unique features. These tokens can be sold back to the issuer for payment in bitcoin or ether. This will be driven by smart contracts that will increase the level of security for investors by offering a safe source to liquidate their holdings! The concept is simple and ingenious! The reason for this development is that Dibbs llc, can demonstrate its ability to create digital assets that offer the same advantages and security as traditional investments, but with much higher returns, immediate liquidity and the capacity to build new benefits that can be unique to each token. This in turn will initially be managed by Dibbs as they oversee companies that want to launch on their platform, making sure that what is promised is delivered as we move into the final phase of making this whole system autonomous.

With Dibbs Token you can get a part of every offer that will be launched from this platform! That’s an added bonus behind Dibbs Token, it’s unmatched in its potential to see extremely high returns in the future. The fact is, no other offer will ever have such a great benefit. By releasing am altcoins through an ICO, a portion of the total supply is set aside and even used as payment to Dibbs for their asset production service. In turn, these funds are distributed to Dibbs token holders in proportion to their holdings.

All I have to say is wow! I went ahead and made this company a central focus for my partners in the financial sector and they all gave it a big thumbs up. I have personally invested over $5,000 in this offering by purchasing tokens at pre-sale prices. The ICO won’t actually start until September 2018, but if you get in today, you’ll benefit greatly by saving up to 200%

To learn more about this company, visit their website at http://dibbs.co.

Dibbs Coin Offering – dibbs.co

Well, it’s been a crazy 10 years for Bitcoin. In fact, it has been more than 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever he, she or they were, they had a profound impact on the world. They no doubt anticipated this, which is why they decided to disappear from the spotlight.

So, more than a decade later, Bitcoin is still alive and stronger than ever. Thousands of other crypto coins have popped up since, all trying to emulate the cryptocurrency king. They have all failed and will continue to fail. Bitcoin is one type. Something that cannot be replicated. If you don’t know why, let me explain.

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

• Bitcoin is an online cryptocurrency

• It has a maximum bid of 21 million

• It cannot be forged

• Not all coins are still in circulation

• It is completely decentralized without anyone controlling it

• It cannot be censored

• It’s Peer to Peer money

• Anyone can use it

• Bitcoin has a fixed supply that decreases every 4 years

What makes Bitcoin different?

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

When Bitcoin was first invented, it started to spread slowly among a small group of people. It grew organically. When people started to see the benefits of Bitcoin and how the price would rise due to its fixed supply, it started to rise faster.

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

Developers can upgrade and improve the Bitcoin network, but my consensus is that it must be done across the entire Bitcoin network. No one person can control Bitcoin. This is what makes Bitcoin unique and impossible to replicate.

There are thousands of other cryptocurrencies available now, but as an example of what makes Bitcoin different, I’ll use Ethereum as an example. It is currently one of the largest Alt coins and has been around since it was invented in 2015 by Vitalik Buterin.

Vitalik controls the Ethereum blockchain and basically has the final say on every development that happens on Ethereum.

Censorship and government interference

For this example, let’s imagine that Iran sends billions of dollars to North Korea to fund their new nuclear weapons program. This is not a good situation, but it should show you how your money is safer in Bitcoin!

Anyway.. first example. Iran uses a standard banking system and transfers this money to North Korea in USD. The US government says wait a minute, we have to freeze these transactions and seize the money.. Take it easy. They do it right away and the problem is over.

Another example. The same thing is happening again, but this time Iran is using the Ethereum blockchain to send money to North Korea. The US government sees what’s going on. A phone call has been made.

“Bring Vitalik Buterin here NOW”

The US government is “putting some pressure” on Vitalik and they are forcing him to return the blockchain and cancel the Iranian transactions. (The Ethereum blockchain was actually restored before when a hacker stole a significant amount of funds).

Problem solved. Unfortunately, Ethereum’s credibility would be destroyed along with its price.

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

Bitcoin cannot be stopped

So the same thing happens again. This time Iran is using Bitcoin as a payment method. The US government sees it and is powerless to stop it.

There is no one to call. There is no one to put pressure on. Bitcoin is beyond censorship.

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

Another example would be if Vitalik’s family were taken hostage. Bitcoin is beyond all this and that is why it is the safest investment on the planet.

Learn how to use Bitcoin

Everyone should own bitcoin. However, it is not dangerous without it. If you are new to Bitcoin, you should learn as much as you can before investing money. Owning Bitcoin comes with a lot of responsibility. Learn how to use Bitcoin safely.

These days, technology is climbing to new heights of success at an incredibly fast pace. One of the latest triumphs in this direction is the evolution of Blockchain technology. New technology has greatly affected the financial sector. In fact, it was originally developed for Bitcoin – the digital currency. But now, it finds its application in a number of other things.

Getting this far was probably easy. But, you still need to know what Blockchain is?

Distributed database

Imagine an electronic spreadsheet that is copied countless times over a computer network. Now imagine that a computer network is designed so intelligently that it regularly updates the table itself. This is a broad overview of Blockchain. Blockchain stores information as a shared database. Moreover, this database is continuously updated.

This approach has its advantages. It does not allow the database to be stored in any location. Records in it have a real public attribute and can be verified very easily. As there is no centralized version of the record, unauthorized users have no means to manipulate the data and corrupt it. A blockchain distributed database is hosted by millions of computers simultaneously, making data readily available to almost anyone on the virtual web.

To make the concept or technology clearer, it’s a good idea to talk about the Google Docs analogy.

The Google Docs Analogy for Blockchain

Since the advent of e-mail, the conventional way to share documents has been to send a Microsoft Word document as an attachment to the recipient or recipients. Recipients will take their sweet time going through it before sending back a revised copy. In this approach, you have to wait until you receive the return copy to see the changes made to the document. This happens because the sender is prevented from making corrections until the recipient finishes editing and sends the document back. Modern databases do not allow two owners to access the same record at the same time. In this way, banks maintain the balance of their clients or account holders.

Unlike established practice, Google Docs allows both parties to access the same document at the same time. Moreover, it also allows viewing one version of the document for both at the same time. Just like a shared book, Google Docs also act as a shared document. The distributed part becomes relevant only when the sharing involves multiple users. Blockchain technology is in a way an extension of this concept. However, it is important to emphasize here that Blockchain is not intended for document sharing. Instead, it is just an analogy, which will help to get a clear idea about this cutting-edge technology.

Blockchain Highlights

Blockchain stores blocks of information across the network, which are identical. Based on this feature:

• The data or information cannot be controlled by any single entity.
• There can be no single point of failure.
• The data is stored in a public network, which ensures absolute transparency of the entire procedure.
• The data stored in it cannot be damaged.

Demand for Blockchain Developers

As mentioned earlier, Blockchain technology has a very high application in the world of finance and banking. According to the World Bank, more than US$430 billion in remittances were sent through it in 2015 alone. So, Blockchain developers have a significant demand in the market.

Blockchain eliminates the payment of intermediaries in such monetary transactions. It was the invention of the GUI (Graphical User Interface), which made it easier for the common man to access desktop computers. Similarly, a wallet application is the most common GUI for Blockchain technology. Users use the wallet to buy the things they want using Bitcoin or any other cryptocurrency.

Background

Initial coin offerings on blockchain platforms have painted the world red for tech startups around the world. A decentralized network that can award tokens to users who back an idea with money is both revolutionary and rewarding.

Profit-spinning Bitcoin turned out to be an ‘asset’ for early investors that delivered multiple returns in 2017. Cryptocurrency investors and exchanges around the world seized the opportunity and reaped huge returns for themselves, leading to the rise of numerous online exchanges. Other cryptocurrencies such as Ethereum, Ripple and other ICOs have promised even better results. (Ethereum grew by more than 88 times in 2017!)

While ICOs brought millions of dollars into the hands of startups within days, the ruling governments initially decided to follow the fastest growing fintech ever that had the potential to raise millions of dollars in a very short period of time.

Countries around the world are considering regulating cryptocurrencies

But regulators have grown wary as the technology and its underlying effects have gained traction as ICOs begin to contemplate billions of dollars worth of funds — and proposed plans written in white papers.

Governments around the world took the opportunity to intervene in late 2017. While China banned cryptocurrencies entirely, the SEC (Securities and Exchange Commission) in the US highlighted the risks posed to vulnerable investors and proposed treating them as securities.

A recent warning from SEC Chairman Jay Clayton issued in December cautioned investors to mention,

“Also be aware that these markets span national borders and that significant trading may occur on systems and platforms outside of the United States. Your invested funds may quickly travel abroad without your knowledge. As a result, risks may increase, including the risk that market regulators, such as the SEC, may not be able to effectively prosecute bad actors or recover funds.”

This was followed by concerns from India, where Finance Minister Arun Jaitley said in February that India does not recognize cryptocurrencies.

In a circular sent by the Reserve Bank of India to other banks on April 6, 2018, banks were asked to sever ties with companies and exchanges engaged in cryptocurrency trading or transactions.

In Britain, the FCA (Financial Conduct Authority) announced in March that it had formed a cryptocurrency task force and would take help from the Bank of England to regulate the cryptocurrency sector.

Different laws, tax structures in different countries

Cryptocurrencies are generally coins or tokens launched on a cryptographic network and can be traded globally. While cryptocurrencies have more or less the same value around the world, countries with different laws and regulations can yield different returns for investors who may be nationals of different countries.

Different laws for investors from different countries would make calculating returns a tedious and cumbersome exercise.

This would involve investing time, resources and strategies that would cause the process to be unnecessarily prolonged.

The solution

Instead of many countries enacting different laws for global cryptocurrencies, there should be the constitution of a single global regulatory body with laws that apply across borders. Such a move would play an important role in improving the legal trading of cryptocurrencies worldwide.

Organizations with global goals such as UNO (United Nations Organization), World Trade Organization (WTO), World Economic Forum (WEF), International Trade Organization (ITO) are already playing an important role in uniting the world on various fronts.

Cryptocurrencies were formed with the basic idea of ​​transferring funds around the world. They have more or less similar value on all exchanges, except for negligible arbitrage.

A global regulatory body that would regulate cryptocurrencies worldwide is the need of the hour and could set global rules to regulate the latest way of funding ideas. Currently, each country is trying to regulate virtual currencies through laws, the drafting of which is ongoing.

If economic superpowers can build a consensus with other countries by introducing a regulatory body with laws that do not know national borders, then this would be one of the biggest breakthroughs in designing a world that is friendly and encourages the use of one of the most transparent fintechs. system ever–“block chain.

A universal regulation consisting of subsections related to cryptocurrency trading, refunds, taxes, penalties, KYC procedures, exchange-related laws and penalties for illegal hacks may bring us the following advantages.

1. This can make calculating profits super easy for investors around the world as there would be no difference in net profit due to the uniform tax structure

2. Countries around the world can agree to share a certain portion of profits as taxes. Therefore, the countries’ share of collected taxes would be uniform throughout the world.

3. The time involved in constituting numerous committees, drafting laws followed by discussions in the legislative arena (like the Parliament in India and the Senate in the US) could be saved.

4. You don’t need to go through the strict tax laws of each country. Especially those involved in multinational trade.

5. Even companies offering tokens or ICOs would comply with said ‘international law’. Therefore, calculating the after-tax income would be a cakewalk for companies

6. A global structure would require more companies coming up with better ideas, thus increasing employment opportunities worldwide.

7. The law may be supported by an international watchdog or global currency regulator, which may have the power to blacklist an ICO offering that does not comply with the norms.

These are not all the advantages when it comes to the law that would regulate cryptocurrencies around the world. There are certain shortcomings also.

Getting the world’s financial leaders to come together and draft legislation could take time. Discussions and bringing them to consensus can be challenging

1. Countries or economies that provide tax-free structures may not agree to accept legislation that provides for a universal taxation policy

2. The involvement of a global watchdog or regulatory body in monitoring regulatory developments related to ICOs may not go down well in some countries

3. A universal law can cause the world to split into factions. Countries that don’t support cryptocurrencies like China may not be part of it.

4. A law may be the brainchild of economically strong nations who may design it to suit their best interests.

5. This law would be centralized with a global regulatory body unlike cryptocurrencies which are decentralized in nature.

Conclusion

The world was together for the better. Whether it’s creating a peaceful world after World War II, or coming together for better trade laws and treaties.

The International Trade Organization (ITO), the World Trade Organization and the World Economic Forum have some of the best minds defining the global economy.

They can come together and be part of a body that would define the economic prosperity of the world. They would help craft global norms for cryptocurrencies and could be part of a regulatory body that would be a guide and beacon to thousands of ICOs around the world for the better. This may be time consuming at first, but it would make things easier for times to come.

Bitcoin revolutionized it by introducing the first decentralized digital currency where people and businesses control their transactions instead of banks and credit cards. Now we have another revolution in the form of the Initial Coin Offering (ICO).

What is an Initial Coin Offering (ICO)?

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

Advantages of ICO

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

• Raising capital from anywhere in the world

• Potentially high returns to investors

• Quick and easy fundraising

• The principle of limited supply and demand where cryptocurrencies gain value in the future

• Tokens have a liquidity premium

• Low to zero transaction fees

ICOs started gaining popularity in 2017. A great example from May 2017 was the ICO for a new web browser known as Brave. This generated over $35 million in just under 30 seconds. In October of the same year, the total sales of ICO coins at that time was worth $2.3 billion, which is more than 10 times the performance of 2016.

Risks and dangers of ICOs

Like any new technology, especially with the millions of dollars at stake, there has been criticism and scrutiny from regulatory bodies. ICOs involved risks, scams and controversies that brought them under the scrutiny of professional companies and government officials.

Some common risks associated with ICOs include:

Lack of regulation

This is perhaps the biggest problem that ICOs face. Because they do not adhere to the laws and regulations of centralized authorities, ICOs face a lot of speculation, debate and criticism about their legality.

In the United States, the U.S. Securities and Exchange Commission (SEC) has yet to recognize ICO tokens and investments, which leaves uncertainty over its regulatory decisions. That’s why it might be better to invest in startup ICOs that are affiliated with legal firms.

Hygh Potential for fraud

Another thing with ICOs being unregulated is that there is potential for scams or scam attacks. Those who bet on ICOs are usually unsophisticated investors.

Investors don’t know if a project that hasn’t been announced will ever be announced. ICOs don’t even reveal any personal information. So as far as they know, this whole thing is one big money laundering scandal. On the other hand, there were also examples of this happening with crowdfunding.

More Chances of failure

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

Conclusion

Ultimately, ICOs are fast and efficient crowdfunding opportunities, but with fairly high risks in terms of security, regulation, and high chances of failure. It works for some startups, but the vast majority of them fail. Whether it’s something that’s moral or not depends on how you consider the consequences and how good your marketing skills are.

Crypto currency vs. fiat currency

Are you familiar with fiat currencies and crypto currencies? Both are currencies in one form or another and are open for public use worldwide. But both are distinct and different in their own way. There is always one group that favors the use of cryptocurrencies, while another has a soft corner for fiat currencies.

In a cashless society – crypto money plays a huge role

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

Crypto currency and fiat currency are always at odds

Cryptocurrency and fiat currency are popular types of digital currencies, especially when it comes to online transactions. Both are currently used currencies in the market, but they have some differences in them. There are a hell of a lot of commercials you will hear on a daily basis comparing crypto money and fiat money. This article will highlight the difference between them in a more comprehensive and clear way.

The difference in what the currencies represent

Before starting to differentiate between them, you need to understand what they represent and how they are defined.

Fiat currency is a legal tender that is backed by a central government and operates in physical form. For example, US Dollars, British Pounds, Euro, etc. On the other hand, cryptocurrency is not legal tender and does not have any backing from a central government or bank.

So, the difference between cryptocurrency and fiat currency is noted as follows:

• Cryptocurrencies are decentralized and global in nature. There is no single entity or government that controls the currency with its own laws and regulations. Fiat currency is centralized, under the control of the laws and regulations of the banks and the government.

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

• There is a limited supply of cryptocurrencies with a maximum set of them being supplied to the market. Whereas, fiat money has an unlimited supply because the government and bank have the right to produce coins and paper money whenever needed.

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

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

• Market supply and demand do not recognize the value of cryptocurrencies. While the value of fiat currency is determined by market regulations of supply and demand.

Different types of crypto and fiat currencies

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

Differences in anonymity between the two currencies

When using fiat currencies, you must go through a user identification or verification process. You are required to upload a recent picture of yourself and some of the required documents that will be issued by the public authorities. You don’t have to undergo any of the necessary processes with cryptocurrencies. Although your personal information and confidential details do not become public, but all your transactions are recorded and tracked in fiat and crypto currencies.

Fiat Currency vs. Crypto Currency: The Level of Transparency

• The level of transparency in crypto-type currencies is considered to be higher. This is because the revenue streams are shown on the public chain. Anyone can witness their own and other people’s transactions.

• Fiat or others. currencies are not transparent, because there are no public chains to see people’s income streams.

Comparative historical roots

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

On the other hand, crypto coin may have been introduced for the first time only ten years ago, with the introduction of Bitcoin in 2009. The challenge that Bitcoin and other cryptocurrencies face is to catch up with the huge popularity and growing fan base of fiat currency. . Crypto currency is undoubtedly gaining importance and popularity in the economic market, but it is still not widely accepted in society as fiat currency.

Comparative history of the two currencies:

• It was in the 11th century, when China’s Song dynasty was perhaps the first to issue paper money. It was not allowed to exchange precious things like gold and silver or silk.

• There were tally sticks that were introduced as fiat or government currency. 1100 Tally sticks were introduced to fight the shortage of gold.

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

• It was in 1998, when Wei Dai came up with the idea of ​​an anonymous electronic cash system. Bitgold-the first cryptocurrency was created by Nick Szabo, but it has not received as much attention as Bitcoin.

• In 2009, Bitcoin was introduced to the market, becoming the first cryptocurrency to be accepted worldwide. In 2011 and beyond, a number of other cryptocurrencies were introduced. Some of the popular ones include Litecoin, Dogecoin, Ethereum, Ripple, Zcash, Dash and so on.

Features of both currencies

The potential of crypto and fiat currencies, access to their features is important. You will find that by some criteria Bitcoin and other cryptocurrencies are superior to fiat or government currency, and in some cases the latter outperforms. It is up to you to choose the type of currency (crypto currency or fiat currency) based on your personal needs and requirements.

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

• Both crypto coins and fiat currencies are fungible in nature.

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

• In terms of non-consumable criteria, crypto-currency and fiat currency have equal status.

• Crypto currencies have a high durability compared to fiat currencies which have a moderate level of durability.

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

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

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

• Cryptocurrency-based currencies are decentralized and global in nature, unlike fiat currencies which are centralized and operate under government laws and regulations.

• Cryptocurrency-based currencies have a high scarcity, while fiat currencies are unlimited because the government can issue coins and paper money whenever the need arises.

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

• Fiat currencies are sovereign in nature, while cryptocurrencies are not.

The process of functioning of currencies

You can find significant differences between crypto or digital currencies and fiat currencies in the way they both work and the transaction process that takes place. They are contrasting in nature. Transferring money using Bitcoin is very fast and you absolutely do not need any third party.

On the other hand, if you are involved in exchanging money using fiat type currency, a mobile wallet is in use. You can exchange the amount of e-money being transferred into an equal amount of e-value. Both fiat and cryptocurrencies allow you to buy anything you want. But the processes involved are absolutely different from each other.

Depending on the things you’re buying, you’ll find that one form of currency is better than another. This is absolutely your choice.

Is Bitcoin, a cryptocurrency, better than fiat currency?

The long-term benefits and capability of Bitcoin are still undetermined. But cryptocurrency gurus and experts predict that they will come a long way, especially by revolutionizing the way online transactions are done. In the current market, Bitcoin is mainly involved in online casinos and gambling, but it is not limited to it.

Moreover, when you compare fiat currencies, Bitcoin allows you to take power and authority from banks and government since it is not controlled. A cryptographically based currency has the ability to create or design free market capital. Unlike crypto-based currencies, fiat currencies are affected by inflation and market changes. Such aspects lead individuals to believe that crypto-based currencies will soon take over mainstream currencies and bring about a transformation in the way money is used.

Why is Bitcoin considered a better aspect than fiat currencies?

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

• The power to control money rests absolutely with individuals, not with banks as with fiat currencies.

• When there is inflation, Bitcoin is not affected. But fiat type currency will be easier to lose and be influenced by.

• Bitcoin currency is easier to exchange and transfer compared to fiat or government currencies.

• Transaction fees related to Bitcoin are much cheaper and easily affordable.

Cryptocurrencies seem to be a favorable option among people

Fiat currencies are a centralized and legal way of exchanging money. However, cryptocurrencies have gained immense popularity over the past few years. There will never be anyone to act as an intermediary, as is the case with banks. Moreover, cryptocurrencies are much cheaper and cheaper than conventional fiat currencies.

Send money anywhere directly without waiting for bank approval

You can send money to anyone in the world directly, and it’s super fast. Money clears within minutes. You don’t have to wait for the traditional clearing and verification processes of banking systems, which can take several days to get approved. Since it is decentralized and not subject to government laws and regulations, no one has the authority to do anything with your account.

Blockchain technology has a very big role

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

The big question is how to get bitcoins.

Once you have a basic knowledge of what bitcoin is and how a wallet actually works, you may want to enter the world of digital currencies and get a bitcoin for yourself. So the big question comes to your mind: How do I get bitcoins?

It’s getting hard.

After learning about the origin of each individual bitcoin, which is based on the mining process, you will believe that the best way to get them is to join this mining process. The thing is, it has become very difficult, as the popularity of cryptocurrency has grown rapidly.

Sell ​​products or services.

Every single bitcoin comes as a result of a previous transaction. So the way to get them, when you don’t have them, is by receiving a transaction from someone else, when you buy them with cash or also by mining new bitcoins.

When you know an individual, who uses bitcoins, you can ask him/her to get bitcoins. In case you don’t know anyone who owns them, you can get bitcoins by offering another type of transaction only with another bitcoin user, which results in a payout in bitcoins. An alternative option is to mine them yourself.

Mining.

In case you can’t buy bitcoins from someone else, you can get them by mining them. The term mining here means: solving a complex mathematical problem, the purpose of which is to confirm the transactions of other individuals. In return you are rewarded with bitcoins. Receiving bitcoins is sometimes free, but there may be a fee involved for sending them, depending on the online platform you use. Before you get into bitcoin mining, you must understand that it is not an easy way to get bitcoins, it requires some technical knowledge, which may not be practical for you.

Buy.

In case you don’t know anyone who owns bitcoins, you have nothing to sell to exchange for bitcoins, there is a way to buy bitcoins. There are several online platforms that sell bitcoins through a process called trading/exchange. Here are a few ways you can buy bitcoins:

Buy bitcoins from a person.

There are online marketplaces where you can buy bitcoins in a person-to-person scheme. You can pay these people in cash or in other ways. A good idea is that you and the seller can agree on a payment method: cash in person, cash on deposit, bank transfer, PayPal, etc. The key element here is to find someone you trust. A good tip is to use an online escrow service, this way you can protect yourself from any kind of fraud. The good thing about this online escrow platform is that everyone needs to upload their scanned ID, which guarantees security during transactions.

Buy bitcoins at exchange and point of sale.

Bitcoin exchanges or branches are basically online services that make it easy for buyers and sellers to transact with bitcoins. To be a part of one of them, all you need to do is create an account and get verified before you can buy or sell bitcoins.

Buy bitcoins through an ATM.

Some cities around the world offer physical bitcoin ATMs. You just get your bitcoins through them using local fiat currency. Governments regulate the use of these ATMs for security purposes. Sometimes it can be difficult to find a bitcoin ATM near your location because even the location where they are installed is regulated.

No one ever told me I needed an underground safe deposit box. Actually, I never knew such a thing existed. The cash business I ran for about 10 years took a lot of coins and bills on a daily basis and also kept valuable customer financial information on site. This should have been stored in a safe overnight. The type of guy who wants to fund a drug bust doesn’t have to associate my busy business with cash and luckily, I’ve never been held up or burglarized, but to this day I shudder to think what could have happened.

A safe for your business?

Here’s a good tip right away! You’ll need a safety deposit box if you’re dealing with cash, period. It’s fair to say that most businesses won’t invest in one until a robbery happens. The brick-and-mortar business on Main Street will accept payment by cards, coins and bills, and some customers may pay on account. While batch-out will pay the cards to your bank, you can take the cash home with you at night or leave it at the business for him to bring in the next morning, in an envelope, put under the table or somewhere. You are asking for a theft to be committed, either robbery or burglary. For this reason, you need to have the first security measures in place and protect the income of your business. Omit this precaution and your day will come.

The best safe for your business

Which or whether you opt for both types has its advantages and disadvantages. In favor of the variety of floor coverings is that it is hidden, takes up less space and is of course fireproof if installed in concrete. Although floor safes are very popular, they tend to be limited in size and are not practical for storing some items such as cash on pads. I like floor safes because they are hidden.

Drop Facility

A floor safe with the possibility of depositing money is called a bank safe. The cash-out facility allows money to be deposited until a reasonable person such as a manager or owner reconciles the accommodation and banks it. As cash increases throughout the day, a business may find it prudent to sweep cash registers with extra cash and store it in a cash safe. Again, the floor safe is very practical as it is hidden, does not take up space and is fire resistant. Nightclubs, hotels and bars that stop trading late into the night benefit from the safety and simplicity of floor safes with the ability to store cash.

Bitcoin has been a buzzword in the financial space. In fact, Bitcoin has exploded onto the scene in the last few years and many people and many large companies are now jumping on the bitcoin or cryptocurrency bandwagon wanting a piece of the action.

People who are brand new to the cryptocurrency space ask this question all the time; “What exactly is Bitcoin?”

Well, for starters, bitcoin is actually a digital currency that is beyond the control of any federal government, is used worldwide, and can be used to buy things like your food, drinks, real estate, cars, and more.

Why is Bitcoin so important?

Bitcoin is not subject to things like government control and fluctuations in foreign currencies. Bitcoin is backed by the full faith of an individual (you) and is strictly peer-to-peer.

This means that anyone transacting with Bitcoin, the first thing they realize is that it is much cheaper to use than trying to send money from bank to bank or using any other service that requires sending and receiving money internationally.

For example, if I wanted to send money to say China or Japan, I would have to have a fee from the bank and it would take hours or even days for that money to get there.

If I use Bitcoin, I can easily do it from my wallet or mobile phone or computer instantly without any of those fees. If I wanted to send for example gold and silver, it would require many guards, it would take a lot of time and a lot of money to move the bullion from point to point. Bitcoin can do it again with the tap of a finger.

Why do people want to use Bitcoin?

The main reason is because Bitcoin is the answer to these destabilized governments and situations where money is no longer as valuable as it used to be. The money we have now; the paper fiat currency that is in our wallets is worthless and will be worth even less in a year.

We have even seen large companies showing interest in blockchain technology. A few weeks ago, a survey went out to a handful of Amazon customers to see if they would be interested in using a cryptocurrency if Amazon created one. The results showed that many were very interested. Starbucks has even hinted at using a blockchain mobile app. Walmart has even filed for a patent for a “smart package” that will use blockchain technology to track and authenticate packages.

In our lifetime we have seen many changes happen from the way we shop, watch movies, listen to music, read books, buy cars, look for homes, now how we spend money and bank. Cryptocurrency is here to stay. If you haven’t already, it’s time for anyone to fully study cryptocurrency and learn how to take full advantage of this trend that will continue to advance over time.

Cryptocurrency is a type of digital currency that you can use to buy goods and services. For secure transactions, cryptocurrencies depend on an extremely complex online ledger. Millions of people from all over the world invest in these unregulated currencies to make a profit. Of all these popular cryptocurrencies, Bitcoin tops the list. In this article, we will go deeper into cryptocurrencies. Read on to find out more.

1. What is cryptocurrency?

Basically, you can pay with cryptocurrency to buy goods or services online. Today, several companies announced their own cryptocurrency. Known as tokens, they can be traded for goods and services. You can think of them as casino chips or arcade chips. You can use your real currency to buy cryptocurrency to make these transactions.

To verify transactions, cryptocurrencies use a state-of-the-art system known as blockchain. This decentralized technology is powered by many computers programmed to manage and record transactions. Security is the best thing about this technology.

2. What is the value of cryptocurrency?

There are over 10,000 types of cryptocurrencies today. And they are traded worldwide, according to reports from CoinMarketCap. So far, the value of all cryptocurrencies in the market is over 1.3 trillion dollars.

At the top of the list is Bitcoin. The value of all bitcoins is $599.6 billion, give or take.

3. Why are they so popular?

Cryptocurrencies are very attractive for a number of reasons. Below are some of the most common:

Some people think cryptocurrency is the currency of the future. Therefore, many of them invest their hard-earned money in the hope that the cryptocurrency will increase in value after a few years.

Some people think that this currency will be free from central bank regulation because these institutions reduce the value of money through inflation

Some supporters prefer the technology that powers cryptocurrencies, which is blockchain. Basically, this is a decentralized recording and processing system, which can offer a higher level of security than conventional payment systems.

Some speculators go after cryptocurrency just because it’s going up in value.

4. Is it a good investment?

According to most experts, the value of cryptocurrencies will continue to increase as time goes on. However, some experts suggest that this is just speculation. Just like real currency, this type of currency has no cash flow. So if you want to make a profit, someone has to pay a larger amount of money to buy the currency.

Unlike a well-run business that grows over time, cryptocurrency has no assets. But if the cryptocurrency remains stable for a long period of time, it will surely help you earn a lot of profit.

In short, this was a basic introduction to cryptocurrency. We hope this article will help you familiarize yourself with this new type of currency.