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The best bitcoin trading platforms

Cryptocurrency has given not only the fastest way to transfer money, but also a new organization with which you can trade and make money other than stocks and other commodities. While you can directly sell and buy bitcoin, you can also use bitcoin exchanges to continue your cryptocurrency trading.
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There are many exchanges where bitcoin trading is safe and secure, and customers are also provided with many advanced services. As an investor or cryptocurrency trader, you can choose any of the exchanges for your comfort. However, it is recommended to spy on the reviews of some before giving up the choice. Below is a brief overview of the best bitcoin exchanges around the world.
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CoinBase: This is probably one of the most famous and largest bitcoin exchanges that trade double funds directly and through a wallet. CoinBase was founded in 2012 thanks to a venture search for the Y-Combinator and has grown rapidly since then. It has many lucrative services such as multiple deposit and withdrawal options, money transfers between two CoinBase instant, wallet funds with multiple signature options for more secure transfers, Bitcoin deposits insured for any occasion, etc. Europe and the United States, which freely allow transactions through them. It has relatively low transaction fees and offers bitcoin trading along with plenty of altcoin trading.

CEX.IO: one of the oldest and most well-known exchanges, launched in 2013, London as a bitcoin trading exchange as well as as a cloud mining intermediary. Later, the capacity of mining increased so much that it occupied almost half the capacity of network mining; however, it is now closed. “CEX.IO” allows customers to expand a much larger volume of transactions with bitcoins, and it has the ability to instantly provide bitcoin at a asking price. However, this exchange takes a high amount of exchange, but this is offset by the security and ability to allow multi-currency transactions (dollar, euro and ruble) to buy bitcoin.

Bitfinex: This is one of the most advanced trading exchanges and it is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as for bitcoins, this exchange has the best options such as credit exposure, margin and multi-order trading. In addition, Bitfinex offers customizable GUI features, many types of orders such as limit, stop, trailing stop, market, etc. This exchange also provides about 50 currency pairs that can be traded and with easy withdrawal for everyone. One of the largest exchanges in terms of trading volume Bitfinex offers a pseudonym for transactions, and only some services require identification. The only downside to this exchange is that it does not support the purchase of bitcoins or any other altcoins through fiat transactions.

Bitstamp: It was founded in 2011 and is the oldest of the exchanges offering transactions with cryptocurrency and bitcoins. Most respected because, despite being the oldest, he has never been a security threat lately. Bitstamp currently supports four currencies Bitcoin, Ethereum, Litecoin and Ripple, and is available with a mobile app in addition to a website to trade. It has excellent support for European users or traders who have a Eurobank account. Security is extended and stored in cold storage, which means the coins are stored offline, so you can tell that hacker intrusion is completely impossible. Finally, its sophisticated user interface suggests that it is not for beginners but for professionals and offers a relatively low transaction fee.

Kraken: It is one of the largest stock exchanges in terms of liquidity, trading volume of the euro and source indicators of Canadian dollars, US dollars and yen. The most respected Kraken exchanges, which are managed through the turmoil of cryptocurrency trading, have managed to keep a number of customers safe, no matter which other exchanges are hacked at the same time. Having 14 or more opportunities to trade cryptocurrency, the user can make a deposit as well as cryptocurrency along with a similar withdrawal capacity. However, it is not suitable for beginners, but has better security features and a lower transaction fee compared to CoinBase. The most important factor for Kraken is that he is trusted in society and he was the first to show volumes and prices at the Bloomberg terminal.

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Multi-layered cryptocurrency

Questions have arisen as to whether bitcoin is evolving into a multi-layered system. Well, the answer is yes. This article seeks to lay out the different layers on which bitcoin rests. All yours!
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Have you heard of those who call bitcoin digital gold? Obviously, cryptocurrency is rapidly gaining popularity and recognition in the world of cryptography. It is estimated that the value of the coin will rise higher. However, it is also noted that a coin can gain or lose 50% of its value overnight. This is a source of speculation among investors, but the coin is nonetheless “digital gold”. And to the question of whether bitcoin is a multi-layered system, one should know that bitcoin exists in two main layers. It is mining and semantic layers.
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Layer of extraction

This is the layer in which the coin is created. In addition to bitcoins, ether is created in this layer. After creating the coins, the real blocks of bitcoins are transferred to the book. Currency generation is performed here. It should be noted that currency is generated from transactions contained in blocks of bitcoins. Blocks are known as transaction fees. Currency can also be generated from the network itself, or you can say “from the air”. The main advantage of generating currency from the grid is that it stimulates miners.
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Semantic layer

This provides a very important platform. The semantic layer is a layer in which bitcoins are used as a means of payment. It also provides a platform for bitcoins to be used as a vault. The layer seems very important, doesn’t it? Bitcoin currency owners sign valid transactions that signal the start of bitcoin transfer among nodes at the semantic level. Transfer can be made possible by creating smart contracts. Smart contracts transfer coins between different accounts.
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Lightning mesh

You probably haven’t heard of the lightning net. This is the latest invention that is being introduced by the bitcoin community. This layer will be able to work on bitcoins. With this invention will appear an applied level that is above bitcoin. It will be so exciting. The most interesting aspect is that its cost can also be used to make payments. This will be made possible by the transfer of its value between people. With the invention of the lightning network, bitcoins will become a transport layer as well as an applied layer.
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To date, the value of bitcoin is estimated at about $ 9 billion. It is also known that bitcoin is a decentralized cryptocurrency. This means that it works without the control of the bank or administrator. Bitcoin definitely prevails over the crypto world.
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It is also important that the technology used during bitcoin mining is called blockchain technology. This works by allowing the distribution of digital information rather than copying. Cryptography is a really exciting topic, and in the near future bitcoins may overtake our major currencies.
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Crypto TREND – the fifth edition

As we expected, since the publication of Crypto TREND we have received many questions from readers. In this edition we will answer the most common.
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What are the changes that could change the game in the cryptocurrency sector?

One of the biggest changes that will affect the world of cryptocurrencies is an alternative method of checking blocks called Proof of Stake (PoS). We will try to maintain this explanation at a fairly high level, but it is important to have a conceptual understanding of what the difference is and why it is an important factor.
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Remember that the basic technology of digital currencies is called blockchain, and most modern digital currencies use a validation protocol called Proof of Work (PoW).
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With traditional payment methods, you need to trust third parties such as Visa, Interact, a bank or a cash center to pay for your transaction. These trusted structures are “centralized,” meaning they keep their own private ledger that stores the transaction history and balance of each account. They will show you the transaction and you have to agree to the correctness or start a dispute. It is seen only by the parties to the transaction.
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In the case of bitcoins and most other digital currencies, books are “decentralized,” meaning everyone on the network gets a copy, so no one should trust third parties, such as banks, because anyone can directly verify the information. This verification process is called “distributed consensus”.
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PoW requires “work” to verify a new transaction to log in to the blockchain. In cryptocurrencies, the test is performed by “miners” who have to solve complex algorithmic problems. As algorithmic tasks become more complex, these “miners” need more expensive and powerful computers to solve problems that are ahead of all others. Computers for mining often specialize, typically using ASIC chips (integrated circuits dedicated to applications) that are more knowledgeable and faster at solving these complex puzzles.
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Here is the process:

  • Transactions are combined into a “block”.
  • The miners argue that the transactions in each block are legal by solving a hashing algorithm puzzle known as the “proof of work problem”.
  • Miner, who solved the “problem of proof of work” block, is rewarded with a small amount of cryptocurrency.
  • After verification, transactions are stored in a public blockchain throughout the network.
  • As the number of transactions increases and so does the complexity of solving hashing problems.

Although PoW has helped take down blockchain and decentralized, distrustful digital currencies, it has some real drawbacks, especially in how much energy these miners consume, trying to solve “evidence of work problems” as quickly as possible. According to the Digiconomist Bitcoin Energy Consumption Index, bitcoin miners use more energy than 159 countries, including Ireland. As the value of each bitcoin grows more and more miners are trying to solve problems by consuming even more energy.
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All of this power consumption just for checking trades has forced many people in the digital currency space to look for an alternative way to check blocks, and the main candidate is a method called “Proof of Bid” (PoS).
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PoS is still an algorithm, and its purpose is the same as in job validation, but the process of achieving the goal is quite different. There are no PoS miners, but instead we have “validators”. PoS is based on trust and knowledge that all people who check transactions have skin in the game.
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Thus, instead of using energy to respond to PoW puzzles, the PoS validator is limited to checking the transaction percentage that reflects its ownership share. For example, a validator that owns 3% of the available airtime could theoretically check only 3% of the blocks.
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In PoW, the chances of solving a proof of work problem depend on how much computing power you have. With PoS it depends on how much cryptocurrency you have on the “bet”. The higher your bet, the more likely you are to decide a block. Instead of winning crypto-coins, the winning validator receives a commission for the transaction.
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Validators enter their bet by “closing” part of their fund tokens. If they try to do anything harmful against the network, such as creating an “invalid block,” their bet or deposit will be forfeited. If they do their job and do not break the network but do not win the right to check the unit, they will get their share or deposit back.
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If you understand the basic difference between PoW and PoS, this is all you need to know. Only those who plan to be miners or validators should understand all the intricacies of these two verification methods. Most people who want to own cryptocurrencies will simply buy them through an exchange rather than engage in actual mining or verification of blocked transactions.
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Most of the crypto sector believes that in order for digital currencies to survive long, digital tokens need to move to the PoS model. At the time of writing, Ethereum is the second largest digital currency after bitcoin, and their development team has been working on its PoS algorithm called Casper for the past few years. We are expected to see how Casper will be implemented in 2018, putting Ethereum ahead of all other major cryptocurrencies.

As we have seen in this sector, major developments such as the successful implementation of Casper can significantly raise Ethereum prices. We will keep you informed in future issues of Crypto TREND.

Stay tuned!

6 incredible benefits of cryptocurrency

Over the last few years, people have been talking a lot about cryptocurrency. At first this business sounded scary, but people started to develop confidence in it. You may have heard of ether and bitcoin. They are both cryptocurrencies and use Blockchain technology for maximum security. Nowadays, these currencies are available in several forms. Let’s learn more about that.

How can cryptocurrency help you?

As for fraud, this type of currency cannot be counterfeited as it is in digital form and cannot be canceled or counterfeited, unlike credit cards.

Immediate settlement

Third parties, such as lawyers and a notary, are involved in the purchase of real estate. This can lead to delays and additional costs. On the other hand, bitcoin contracts are designed and executed for the purpose of including or excluding third parties. Transactions are fast, and calculations can be done instantly.

Lower fees

Generally, a transaction fee is not provided if you want to exchange Bitcoin or any other currency. To verify the transaction there are minors to whom the network pays. Although transaction fees are zero, most buyers and sellers hire third-party services, such as Coinbase, to create and maintain wallets. In case you didn’t know, these services work just like Paypal, which offers a network sharing system.

Detection of theft

Your seller gets a full line of credit if you provide him with a credit card. This is true even if the transaction amount is very small. In fact, it happens that credit cards operate on a “pull” system when the online store withdraws the required amount from the account associated with the card. On the other hand, digital currencies have a “push” mechanism in which the account holder sends only the required amount without additional information. So there is no chance of theft.

Open access

According to statistics, the Internet is used by about 2.2 billion people, but not all of them have access to the regular exchange. This way, they can use the new payment method.

Decentralization

As for decentralization, an international computer network called Blockchain technology manages a bitcoin database. In other words, bitcoin is administered by the network, and there is no central authority. In other words, the network operates on an equal footing.

Recognition

Because cryptocurrency is not based on exchange rates, transaction fees, or interest rates, you can use it internationally without suffering any problems. This way, you can save a lot of time and money. In other words, bitcoin and other similar currencies are recognized worldwide. You can count on them.

So, if you are looking for a way to invest your extra money, you may want to consider investing in bitcoin. You can become a miner or an investor. However, make sure you know what you are doing. Security is not an issue, but it is important to keep other things in mind. I hope you find this article useful.

How to invest in gold in today’s market

Here’s how to invest in gold

Are you currently wondering how to purchase gold? A lot of people want to invest, yet they don’t understand where to start. The simple truth is that there are many methods for investing in gold. Here are some of the most common ways to purchase gold, as well as the pros and cons for each and tips.

1. Physical gold

Undoubtedly, buying physical gold is one of the most common ways to spend money on gold. As for how to invest in gold, you need to understand a lot when buying physical gold. Here are a few:

How to do it

Acquiring psychic gold is actually easy as it is the best way as it sounds. You purchase gold items such as jewelry, coins, collectibles and almost all other things. The goal of most investors is usually to hold their psychic gold and then sell it to a gold trader or other buyer.

People have many options as to where they can buy physical gold. They can purchase them in a store or online. Whenever they find gold, they will need to keep it, keeping it until they are ready to sell it at a higher price. As gold prices rise, investors may consider selling their pieces.

Benefits

The first is that physical gold can be a tangible asset, and history shows that gold tends to increase over time. Very few investments are sensitive, and they are also more likely to rise in price, even if the economy is not doing too well. If you want a large investment that you can easily make, look while keeping your possessions, and look no further than investing in physical gold.

The second is physical gold that cannot be cracked or erased. Nowadays, people have countless assets in which they can invest, and they are usually online. You don’t need the Internet, electricity or anything like that to work with a piece of gold by hand. This is a truly illegal investment in terms of protection against hackers.

The third advantage of buying physical gold is that you just don’t need to be a professional. Conduct a quick study of the price tag on gold and then research the gold traders. Then you can find the gold items you want to keep and then sell them when you’re ready. It’s that simple.

Cons

First, buying mental gold can be expensive. Depending on where you purchase it, you can pay a commission fee. Even if you buy it from a private seller, you can argue how gold is likely to be expensive. If you spend a large amount of down payments not for you, you may want to think twice about buying gold, but usually gold is definitely worth the investment.

The second scam is the storage of gold. No matter what gold pieces you get, if you purchased them directly, you will keep them. You have to be careful with how it is stored, otherwise you are completely exposing gold to the risk of theft, damage and even loss.

Past major tricks, according to which physical gold, while preserving itself, will not interest. You have to secure the gold until you decide it’s a chance to sell it out. If you want to take a little interest in your gold products, then buying physical gold and storing it yourself is probably not the best option.

Tips

Buying physical gold is pretty simple. It’s also simple. Just make sure you need to do as much research as possible on gold traders before deciding what type to do business with, and be sure to study current gold prices because you need to try to find lucrative deals on gold. All of this can be seen as the joy of common sense, but trust us when we say it will come in handy when it comes to buying gold.

2. Futures on gold

Gold futures are contracts that have been standardized and are usually traded on certain exchanges. Gold futures allow investors to get a unique amount of gold (such as 100 troy ounces) at a price that has already been predetermined. However, the delivery will be revealed in the future.

How to buy gold futures

The first thing you need to do is open a brokerage account. You will find brokers who are specially able to trade futures, so choose a time when choosing. Next you can trade gold futures, and just the way it works, you have to make absolutely minimal money so you can open the situation. If the price goes in the right direction, you will make a profit, but you will get losses if it goes in the wrong direction.

Benefits

First, you just don’t have to store anything. As mentioned earlier, when buying physical gold you need to find a place to store it. With gold futures this is not a difficult task.

Second, with the future of gold remember smaller amounts. At the time of the transaction you will be asked to pay only a certain amount of cash. The rest pay as soon as the agreement is signed.

Another great thing – there is a lot of liquidity. In addition to this, however, you can trade for gold futures. This means that there is an opportunity to regularly produce and derive profits.

Cons

There are only a few downsides. One involves that there is a great risk of trading anything, and gold is no different. The default risk can leave the most experienced traders in the trenches.

In addition, gold prices can fluctuate significantly daily. Buying money is easy, but you can easily lose it. Remember that the price of gold can be attractive at the time of signing the agreement, but they can go down once the delivery is made.

A third of fraud is a fluctuation from the market. One day the markets may be good and the next they may collapse. In the shortest possible time a stage may come as soon as the markets will not move much.

Tips

As for the advice, it’s all about opening a trading account with a great broker. You can find dozens and many brokerage accounts, so compare as many as possible. Find one that will give you good advice on trading gold futures, not one that does not charge a number of fees. The more brokers you compare, the more effective.

Also, research gold prices for a few weeks before making gold investments through futures. If prices seem stable, then go ahead. If there are too many volatile changes in the markets for a few weeks, try to wait until things are more stable.

3. Gold ETF

Gold ETFs are a fantastic replacement for gold futures. You will not own contracts, on the contrary, you will buy shares of any ETF. In turn, you will be open to gold, so they can be called gold ETFs.

How to do it

You can get a brokerage account from a broker that allows you to trade ETFs with gold. Then you will be able to choose the gold item you want to purchase. It’s like elementary.

Pros

One of the best reasons for gold ETFs – it can act as a hedge against inflation. This is usually true with a lot of gold-based investment. If you own gold ETFs, they are used to protect your assets from inflation and currency fluctuations. Gold is definitely a safe investment, and if you buy the right ETFs, then you will do yourself a great favor.

Second, trading a gold ETF is very simple. You will only need to invest in one unit of gold, that is, relative to a gram of gold in weight. Alternatively, you can trade ETFs with your ETF fund manager or even your stock broker.

The third advantage is that you can take a look at the exchange and find out how much gold is sold. This can be done at any time. If you think the prices are high, then buy something, otherwise you will be able to hold on until the prices become more attractive.

Another advantage may be the tax side. The only taxes you spend are short-term or long-term capital gains tax. Long-term – is gold that is stored for any year and longer, and short-term – up to a year.

Cons

One downside is the fact that ETFs can be expensive. In fact they may be more expensive than other types of investments, but often they are more profitable. It is your decision to decide whether to purchase gold ETFs. This is actually the only major trick associated with buying gold ETFs.

Tips

If you can, consider investing large amounts of capital or get into the habit of trading regularly. The reason is that ETFs tend to be more profitable than other types of gold investments. Basically you can build a lot if you are willing to trade regularly or invest large sums of money.

Another useful tip is to usually never choose a fund manager or product ETF because the fee is one. Do a little research to find out exactly what the show has looked like over the last few years. If all goes well, choose this fund, otherwise keep looking for another fund manager.

4. Purchase of gold mining enterprises

This may be the best way it may sound. Gold mining companies are required to be acquired. You accidentally buy shares in gold mining companies.

How to do it

You can get a stockbroker or investment firm. They can take your funds and invest them in your chosen gold companies. Another way to do this is to join an online stock trading platform and spend money on gold companies that are listed on that platform. You buy a certain number of shares and then sell them when you make a profit.

Pros

First, buying shares in gold mining companies is simple and therefore selling them. All you do is buy the number of shares you need and then sell them when you’re ready. In addition, you can invest in multiple companies and increase your chances of making a profit often.

Second, retail price fluctuations can be huge, but they usually take some time. If you are patient, you can definitely sell when these swings happen. Remember, in case the company succeeds and everything is done correctly, their stocks can certainly rise in price if the price of gold is also high, as a result you can do it adequately.

Third, buying stocks is convenient for beginners. It doesn’t take a lot of knowledge to shell out, however some research by gold mining companies is usually required. Just do a lot of research of several companies and find out what financial reputation they already have before investing in them.

Cons

The risk is high because gold mining companies carry a lot of risks that can lead to a decline in their reserves, whether or not the price of gold is high. Also, remember that gold miners are putting themselves in danger, and the things they usually do can also affect a company’s stock price. Investing in gold mining companies is just as risky as buying almost all other types of stocks.

Tips

Remember only one really definite tip. You need to research different stock trading platforms and make sure the ones you use have stocks of gold mining companies. And even better – to explore gold mining companies and create their set to search for stock trading platforms. Then you could find out if these platforms offer shares of these companies.

That is how to spend money on gold. As you can see, you can find advantages and disadvantages in any form of investing method, so you can consider all the different investment methods. Then you can definitely choose which technique to try.

A golden opportunity for silver

My father is my hero. His mother died when he was 3 … his father when he was 20 years old. He was born in 1933 in a tiny village in India. At that time India was incredibly poor and every day people were starving. Somehow he put himself in college. And then Dad got a job in Bombay, India’s largest city. However, he was broken up with his family to support.

In 1974, he applied for a job in Dubai. Nobody has heard of Dubai.

“Don’t go!” brothers and sisters told him when he got the job.

The prospects in India were dire. Dubai has just found oil. He knew that taking risks in Dubai was better. It was a calculated risk.

“I have nothing to lose,” he told the family as he accepted the job.

Dubai was mostly a desert when it arrived. He went to the sheikh’s palace to drink coffee and discuss matters.

Looking back, the trip to Dubai was not in vain. Dubai has grown spectacularly. Dad earned 100,000 times more money than if he had stayed in India. By the time he died in 2000, he had transferred my sister and me to college. And he saved enough, so my mom never had to work or care about money.

The result: My dad took a risk in Dubai, and it paid off sometimes.

I am my father’s son. The calculated risk is my philosophy of investing and trading. This is how I made money for customers while on Wall Street. And that’s how I now invest my own money.

Calculated risk in financial markets means you take advantage of opportunities when the odds are in your favor. So if you invest money, you have a great chance of making money. Sure, you’ll never get a guarantee, but if I get a good chance, I bet.

Today I will show you an incredible opportunity in the precious metals market. This is a trade where the odds are in your favor as I will show you. And this is a trade in which I have invested my own money.

If you buy 1 ounce of gold today, it will cost you 80 ounces of silver. In other words, gold is 80 times more valuable than silver. This has only happened three times in the last 15 years. This is extreme. And usually when the ratio of gold to silver reaches extreme levels, two things happen.

First, you see prices rise. Period. In 2008, when the ratio reached 80, silver soared. In 2002, silver was collected almost 100%. In 1991, the metal received more than 40%.

Second, the price of silver is rising faster than that of gold.

Silver is too low

What’s going on? Why does this continue?

Gold is a precious metal that is mainly in demand. Investment demand means that people own it because they believe the price of gold will rise.

Silver has two sources of demand: investment, because it is a precious metal, and industrial demand. For example, it is used in solar energy, to create electronic circuits and as a catalyst in chemical reactions.

Approximately 56% of silver use goes to industrial demand. As a result, prices are sensitive to industrial demand. This is why gold and silver do not trade closely with each other.

Another reason is that silver is rarely found on its own. As much as 66% of silver is a by-product of copper, lead and zinc. The supply of silver increases as companies increase production of these metals. So you have a situation where the supply of silver is too much compared to the demand. Because of this, silver prices are falling, even as gold prices rise.

Delivery will not be timely

So what is happening now? Copper is about a six-year low. Zinc at a nine-year low. Leading at a five-year low. Because of these landslide prices, mining companies have reduced production of these metals. Not surprisingly, silver production is also falling sharply. Reputable research company Capital Economics estimates that production will decrease by 9.2% in 2016 and by 13% in 2017.

However, the demand for silver is high. Investment demand grew 400% from less than 50 million ounces in 2006 to 200 million ounces in 2015. Investment demand will continue to grow due to negative interest rates and financial instability that cause distrust of paper currencies.

Moreover, in 2016, industrial demand for silver will grow by 3%.

Reduction of supplies. Growing demand. The ratio of gold to silver is above 80 – the level when silver takes off from a past history. Once two three. The stars are aligned so that the metal takes off. How high? The cost of silver can be at least $ 30 an ounce, which is about 100% of its current price.

Good chances for big profits

This is the kind of trade you should love to conduct. Chances are in your favor. Of course, there are no definite things in investing, but I believe that silver is a solid bet to rise from its current price.

You can play silver by buying physical ingots or coins.

Finally, you can buy silver-focused mining companies that trade the stock market, which is how I bet. Unfortunately, there are no ETFs that would target companies that extract silver to recommend you. And it would be inappropriate to tell you to buy stocks without giving you all the facts and proper analysis.

6 The most common mistakes that new bitcoin traders make

Are you thinking of getting started in the world of crypto-trading? If so, make sure you avoid the most common mistakes. By avoiding these mistakes, you will become better than most crypto traders. The most interesting thing is that almost every trader makes these mistakes without even suspecting it. Without further ado, let’s check out those common mistakes. Read on to learn more.

1. Emotional decision making

Beginners tend to trade emotionally. But the fact is that trading has nothing to do with your emotions. Strictly speaking, if you make decisions based on your emotions, you will head for the road.

2. Buying high and selling low

Another common mistake that beginners make is buying high and low selling. You don’t want to become greedy by doing this business. What you need to do is buy low and sell high. This is the only way to make a profit by trading bitcoins.

3. Sell immediately

Because of the two mistakes mentioned above, beginners buy or sell their bitcoins right away rather than buying and selling them gradually in small quantities. If you ask an experienced trader, he will ask you to sell 20% of your bitcoin after 50% profit. But the problem is that new traders are too willing to sell. So they have no money to buy failures. Some sell all their bitcoins at once.

4. Buying the wrong currencies

New commerce is acquiring cryptocurrencies that make many promises using big words. But they don’t know that these currencies don’t involve any technical innovations like Litecoin, NEO, Tron and EOS. The problem is that they are fairly centralized blockchains. So you can avoid them.

5. Put eggs in too many baskets

Because of a previous mistake, beginners tend to invest in a lot of cryptocurrencies. This is not a very good idea as you may find it difficult to make a profit. Ideally you can invest money in 3-4 coins. In the world of cryptocurrency you can’t afford to put all your eggs in tons of baskets.

6. Putting all the eggs in one basket

Another common mistake is to put all the eggs in one basket. Ideally you should have a diverse portfolio. In addition, you may not want to deposit all your cryptocurrencies in one wallet or on an exchange. You need to use at least three wallets. This will help you protect your investment.

In short, these are just some of the most common mistakes that new cryptocurrency traders make. If you follow these steps, you will be less likely to make these mistakes. As a result, your investment will be safe and you are more likely to make a profit rather than incur a loss. Hopefully these tips will help you start working as a new trader and make a big profit.

Buying a dam is made easy

Unlike gold and silver, which have been used as goods and money for centuries, platinum is a newcomer that is just beginning to gain popularity. This is because platinum was almost impossible to recycle until advanced melting technologies were invented. This happened in the early 19th century. Only then could it be used for money and for industrial purposes.

Today, platinum, in addition to a variety of industrial uses, is sold in the form of platinum coins and platinum ingots. Government mints around the world, from Canada to Australia and the United States, produce platinum coins.

Like palladium metal, which is often found in nature in a mixture with platinum in mining, platinum is subject to large price fluctuations up and down due to its many industrial needs. For example, if industrial demand falls, then the price of platinum also falls.

However, the variety of industrial uses helps protect against rapid volatile fluctuations in platinum prices. Platinum is used in jewelry production and, most importantly, in catalytic converters; As environmental problems begin to penetrate developing countries, the popularity of catalysts is growing rapidly. This provides perpetual and growing demand for platinum, putting upward pressure on prices.

The basics of platinum prices are relatively reasonable, especially when compared to the steadily declining value of currencies that are not linked to any commodities. The main reason why platinum has historically worked well is that its supply is very limited. Only two regions in the world, one in Russia and the other in South Africa, produce almost the entire annual supply of platinum. It is assumed that even these huge mining cases barely keep up with the annual demand. This dynamic puts pressure on the growth of platinum coins and platinum ingots.

However, platinum still retains its value over time, especially compared to devalued and inflatable currencies such as the pound sterling, the euro and the US dollar. As a result, many investors have made the choice of dam a choice in their diverse investment portfolios. It functions primarily as a hedge against inflation, maintaining a high value due to industrial demand. In the current economic climate, when central banks and world governments are producing inflation, now more than ever, platinum is a bright star for those seeking to preserve their wealth in these times of economic uncertainty. As long as governments continue to print money to try to save the economy, the dam should appreciate. For more information on the dam, check out BullionUK.com.

About the bitcoin market

For those who don’t know what bitcoin is; it is basically a digital currency that requires neither the banking system nor even the government. Open source software is used to manage transactions. Many people are investing in the bitcoin market because since it was introduced in 2009, it has become extremely popular with traders and investors. Even many traders have started taking bitcoin. For example, you can buy a web hosting service or even order a pizza with your digital currency.

If you trade the bitcoin market, you can trade anonymously. Currency is not tied to any particular country, and there are not even any rules designed for it. Even small businesses use bitcoin because the exchange does not charge a transaction fee. If you have some savings, you can invest that money in buying bitcoins and for profit, as the value of this digital currency is projected to rise.

Markets where digital currencies are exchanged are called bitcoin exchanges. They are places where people buy and sell bitcoin using the currencies of the respective countries. You just need software to purse, open an account, and then buy bitcoin for the money that is in your account to get ready to exchange. People even transfer digital currencies through their smartphones. There are mobile applications for this. You can either buy bitcoin on online exchanges or get them at special ATMs.

Mining is another option used in the digital currency market. This is a process in which traders have to solve mathematical puzzles to win bitcoin. It is a difficult and time consuming process, but if you do everything right, you will win 25 bitcoins. This can happen in just 10 minutes.

Once in the trading game, you will be able to store digital currencies in your digital wallet. This will be your virtual bank account where you will store all your bitcoins. It is not necessary to disclose your name when exchanging bitcoins. You will trade with your bitcoin ID. It is designed to ensure the privacy of transactions. This way, you can buy or sell anything and no one can track your transaction. Digital currency transactions are verified using cryptography. These are a number of mathematical algorithms that can only be solved using powerful computations. This is what provides the system. Thus, trading in the bitcoin market is purely safe and legal.

The system and the market itself have great control over how much bitcoin is created. The system configures itself, making mathematical problems difficult to solve, and thus assigns only a certain amount of bitcoins.

Bitcoin is not just a currency in which you need to invest money. In the near future, more and more businessmen are going to use them instead of credit cards to avoid transaction fees. In the coming days it will be a widely used form of currency.

Why gold is a good investment – and why it is so expensive and rare

Why not just dig up more?

Gold has long been a popular choice as an investment. However, like metal, gold is too soft for many applications; it is the most malleable metal known. Gold is a good electrical conductor; Copper and silver are better and much cheaper, although gold is less prone to corrosion. However, none of the physical properties of gold justifies its extremely high value.

What really makes it so expensive and desirable?

Everything is connected with rarity. Gold is extremely rare. The total amount of gold mined in the whole history of mankind is less than 170,000 tons, this is enough to fill only 3 Olympic-sized pools. Compare this with iron production (which is almost 850 million tons per year) and aluminum production (just over 30 million tons per year), then you see that there is very little gold.

Thus, gold is a rare, valuable, highly sought after commodity because it has a high price. 50% of gold is used for jewelry, 40% – in ingots (in the form of coins and ingots), the rest – for various industrial and medical needs.

Centuries of alchemists have vouched for the fact that gold cannot be created from a complex metal. Gold is a chemical element, atomic number 79 and has the symbol Au (after the Latin name aurumwhich means “gold”). With the exception of noble gases, gold is the least reactive element known.

And it’s not that people aren’t looking to mine more, or that they’re just looking in the wrong place. It’s just that there isn’t much gold on the planet, period. And it’s not very much in the whole galaxy.

So where does the gold come from?

Gold is obtained when a star collapses and forms a supernova. This is such an exceptional event that in a galaxy with 100 billion stars the conditions for gold mining exist for less than one minute in each century. So if you have gold, it came from a distant star that exploded many billions of years ago. It’s on this planet because from there they also spat out the Earth.

What’s worse, 99% of all gold gets into the Earth’s core. If we could get all this gold, we could cover the whole Earth with a beautiful shiny coating about half a meter thick. But that doesn’t happen, and we get an amazing piece of gold thrown out by volcanic action. Many times geologists find gold, but it will cost more than it was worth digging up and separating it from other elements. Even if the layers were richer and more accessible, as in Roman times, miners had to dig up a few tons of material to get an ounce of gold.

Cleanliness and weight

The value of gold will depend on its purity and weight.

Purity is expressed in several ways. In jewelry, it is said in “Carat” (spelled “Carat” in North America), 24 carats – is pure gold. Ordinary metal (usually copper) is added to gold to make the metal harder, change its color or just make it more affordable. 18 carats is 75% gold, 9 carats is 37.5% gold. Ingots are usually valued from zero to one, so pure gold is classified as higher than 0.999 (99.9% gold), 9 carats – 375. Usually gold is certified and has trial marks or distinctive marks. Just make sure you don’t buy a block of gilded lead!

Weight is measured in number of units and you have to be careful to understand what you are being offered. Gold is often quoted in US dollars per ounce (e.g., $ 1,400 per ounce). An ounce here is a troy ounce, which is 31.1034768 grams. Beware that other countries use the word “ounce,” for example, an ounce of avoirdupois (popular in the UK, US and Canada) is 28.3495231 grams. You can find dealers who quote dollars per kilogram or euros per kilogram. The cost usually varies from hour to hour.

Long-term investment prospects

Although most countries have moved away from the gold standard, gold is still considered a safe haven for many investors. Long-term investment prospects are good, because due to the rarity of gold is unlikely to lose significant value. In the face of stock market volatility and international struggles, gold is usually a popular investment.

It will almost certainly be a rare and expensive commodity.

A brief introduction to the blockchain – for ordinary people

Crypto-what?

If you tried to immerse yourself in this mysterious thing called a blockchain, you would be forgiven for the horror of deviating from the opacity of the technical jargon often used to create it. So before we understand what a cryptocurrency is and how blockchain technology can change the world, let’s discuss what a blockchain really is.

Simply put, a blockchain is a digital transaction book, unlike the books we have used for hundreds of years to record sales and purchases. The function of this digital book is actually pretty much identical to a traditional book in that it records debits and credits between people. This is the basic concept of a blockchain; the difference is who keeps the book and who checks the transactions.

In traditional transactions, payment from one person to another is linked to some intermediary to facilitate the transaction. Let’s say Rob wants to transfer Melanie 20 pounds. He can transfer cash to her in the form of a £ 20 bill, or he can use some bank application to transfer the money directly to her bank account. In both cases, the intermediary who checks the transaction is the bank: Rob’s funds are checked when he takes money from an ATM, or the application checks them when digitally transferred. The bank decides whether to carry out the operation. The bank also keeps track of all transactions made by Rob, and is solely responsible for its renewal if Rob pays anyone or receives money into his account. In other words, the bank holds and controls the book, and everything flows through the bank.

This is a big responsibility, so it’s important that Rob feels he can trust his bank, otherwise he wouldn’t risk his money with them. He must be sure that the bank will not deceive him, will not lose money, will not be robbed and will not disappear overnight. This need for trust underpinned virtually all major behaviors and aspects of the monolithic financial industry, and even when banks were found to be irresponsible with our money during the 2008 financial crisis, the government (another intermediary) chose to bail them out rather than take risks destroy the ultimate fragments of trust by allowing them to collapse.

In one key aspect, blockchains work differently: they are completely decentralized. There is no central settlement institution like a bank, and there is no central ledger kept by a single entity. Instead, the book is distributed over a wide network of computers called nodes, each of which contains a copy of the entire book on the appropriate hard drives. These nodes are connected to each other using software called peer-to-peer (P2P) software, which synchronizes data across a network of nodes and ensures that everyone has the same version of the book at all times.

When a new transaction is entered into a transaction, it is first encrypted using state-of-the-art cryptographic technology. Once encrypted, a transaction is converted into what is called a block, which is basically a term used for an encrypted group of new transactions. This block is then sent (or broadcast) to a network of computer nodes, where it is checked by the nodes and, after verification, transmitted over the network so that the block can be added to the end of the book on each computer, under a list of all previous blocks. This is called a chain, so the technology is called a blockchain.

After approval and entry in the book the transaction can be completed. This is how cryptocurrencies like bitcoin work.

Accountability and withdrawal of trust

What are the advantages of this system over a banking or central clearing system? Why does Rob use bitcoin instead of regular currency?

The answer is trust. As mentioned earlier, it is very important for the banking system that Rob trusts his bank to protect his money and handles it properly. For this to happen, there are a huge number of regulatory systems to verify the actions of banks and ensure their compliance with the purpose. Governments then regulate regulators, creating a kind of multi-tiered system of inspections, the sole purpose of which is to prevent errors and misconduct. In other words, organizations like the Financial Services Authority exist precisely because banks cannot be trusted on their own. And banks often make mistakes and behave badly, as we have seen too many times. If you have one source of power, power is usually abused or abused. Trusting relationships between people and banks is awkward and shaky: we don’t really trust them, but we don’t feel there is a great alternative.

On the other hand, blockchain systems do not need to trust them at all. All transactions (or blocks) in the blockchain are checked by nodes in the network before being added to the book, which means that there is no single point of failure and a single acknowledgment channel. If a hacker wanted to successfully tweak a book in a blockchain, they would have to hack millions of computers at once, which is virtually impossible. A hacker would also be largely unable to disable a blockchain network because, again, they would need to be able to shut down every computer on a computer network distributed around the world.

The encryption process itself is also a key factor. Blockchains, such as bitcoin, use deliberately complex processes for the verification procedure. In the case of bitcoins, blocks are scanned by nodes that perform intentionally processor and time-consuming series of calculations, often in the form of puzzles or complex mathematical problems, meaning that the scan is neither instantaneous nor accessible. The nodes that make the resource for checking the blocks are rewarded with a transaction fee and a reward for the recently minted bitcoins. It has the function of both encouraging people to become nodes (because processing such units requires quite powerful computers and a lot of electricity), as well as handling the process of generating – or minting – currency units. This is called mining because it requires considerable effort (in this case a computer) to produce a new product. It also means that transactions are verified in the most independent way, more independent than a government organization such as the FSA.

This decentralized, democratic, and highly secure nature of blockchains means that they can function without the need for regulation (they are self-regulating), government, and other non-transparent intermediaries. They work because people don’t trust each other, not the other way around.

Let the value of this subside for a while, and the hype around the blockchain starts to make sense.

Reasonable contracts

Things get really interesting – it’s the application of a blockchain outside of cryptocurrencies like bitcoin. Given that one of the basic tenets of the blockchain system is secure, independent transaction verification, it’s easy to imagine other ways in which this type of process can be valuable. Not surprisingly, many such applications are already in use or under development. Some of the best:

  • Smart Contracts (Ethereum): Probably the most exciting blockchain development after bitcoin, smart contracts are the blocks that contain the code that needs to be executed in order for the contract to be executed. The code can be any as long as it can be executed by a computer, but in simple words, it means you can use blockchain technology (with its independent verification, distrustful architecture and security) to create a kind of deposit system for any transaction. For example, if you are a web designer, you can create a contract that checks whether a new client’s website is running or not, and then automatically releases you money. No more chasing or billing. Smart contracts are also used to confirm ownership of an asset such as property or art. The potential for reducing fraud with this approach is huge.
  • Cloud storage (Storj): Cloud computing revolutionized the Internet and led to big data, which in turn marked the beginning of a new AI revolution. But most cloud systems run on servers stored on single-site servers that belong to the same entity (Amazon, Rackspace, Google, etc.). This creates the same problems as the banking system because your data is managed by a single opaque organization that is the only point of failure. Dissemination of data on the blockchain completely removes the problem of trust, and also promises to increase reliability, as to remove the network of blockchains is much more difficult.
  • Digital Identification (ShoCard): The two most important issues of our time are data theft and data protection. With extensive centralized services such as Facebook storing so much data about us, and the efforts of various governments in developed countries to keep digital information about their citizens in a central database, the potential for misuse of our personal data is appalling. Blockchain technology offers a potential solution to this by wrapping key data in an encrypted block that can be verified by a blockchain network whenever you need to verify your identity. Scope – from explicit replacement of passports and identity cards to other areas, such as replacement of passwords. It can be huge.
  • Digital voting: Extremely relevant as a result of the investigation into Russia’s influence in the recent US elections, digital voting has long been suspected of being unreliable and highly vulnerable to fraud. Blockchain technology offers a way to verify the success of voter voting while maintaining anonymity. He promises not only to reduce election fraud, but also to increase voter turnout, as people will be able to vote on their mobile phones.

Blockchain technology is still in its infancy, and most applications are far from common. Even bitcoin, the most established blockchain platform, undergoes tremendous variability, indicating its relative novice status. However, the potential of the blockchain to address some of the major challenges we face today makes it an extremely exciting and enticing technology to follow. I will definitely be watching.

Evaluation of ICO tokens and inappropriate emphasis on blockchain technical experts and ICO advisors

Statistics could no longer be ignored. Most ICOs are tanked and left without a reserve once the tokens hit the cryptocurrency exchange, after the madness and “FOMO” attending the crowdsale are over.

Most observers who track the ICO phenomenon generally agree that the trend over the past few months is that ICOs are losing value after a crowdsale, and many buyers are waiting in vain for the “month” they were promised as soon as the cryptocurrency goes public. portal.

However, what is not discussed is the main reason why we observe this phenomenon, and the fact that crowdsale participants, including the rating companies on which most of us rely to make choices, must make mistakes when choosing which ICOs have the most value, or are most likely to increase in value once the crowdsale is over.

While there are many reasons why this phenomenon could be legitimately suggested, there is one fact that I think is more responsible for this than most other controversial reasons: the evaluation of ICO tokens and the wrong emphasis on “blockchain experts”, ICO consultants or ‘technical whiskeys’ for erc20 tokens.

I’ve always thought that the need for blockchain technical experts or ICO technical consultants is exaggerated or even completely out of place when a project is evaluated against these criteria, when the project isn’t really trying to create a whole new concept of coins. For most ERC20 tokens and coin copies, the business plan behind the token and the managerial pre- and executive profiles of team leaders should be a real important factor.

As anyone in the industry needs to know, creating an ERC20 token from Ethereum or similar tokens from other cryptocurrencies does not require great technical skills and does not require an inflated blockchain consultant (in fact, with the new ERC20 Token software can be done in less than 10 minutes a complete technical beginner.

So technical should no longer be a big issue for tokens). The key should be a business plan; level of business experience; the competence of project managers and the business marketing strategy of the main fundraising company.

Honestly, as a lawyer and business consultant who has been working for several companies in more than 30 years around the world, I can’t understand why people keep looking for some Russian, Korean or Chinese “Crypto Whiz” or “Crypto Advisor” to determine the strength of the ICO since it is basically a crowdfunding company for the BUSINESS CONCEPT …

I hold the firm belief that is one of the main reasons why most ICOs never justify their hype. In an era where there is a wealth of software for creating tokens, platforms, and freelancers, disproportionate attention to the blockchain experience or the technical capabilities of promoters is largely inappropriate. It’s like trying to gauge a company’s likely success based on the ability of its employees to create a good website or app. This train has long since left the station with the proliferation of technical hands on the sites of freelancers such as the Guru; Upwork, freelancer and even Fiverr.

It seemed that people were too involved in the hype and technical skills of the people promoting the ICO, especially Ethereum’s ERC20, and then wondered why a technically superior Russian, Chinese or Korean guy couldn’t achieve the end of business after a fundraising campaign.

It seemed even a lot of our ICO ranking companies were allocating a disproportionate number of crypto-team member experience points, the number of crypto-consultants and ICO success experience to their team, rather than focusing on a core business model to be built on the funds raised

Once you realize that over 90% of cryptographies and ICOs are just tokens created to attract crowdfunds for an idea, and just not a sign for the sake of it, then people’s focus will shift from technical perspectives to more relevant work on evaluating the business idea itself and the corporate business. plan.

Once we move into this era of valuation, before deciding to buy or invest in a cryptocurrency, we will begin to assess the future prospects or value of our tokens based on important business considerations such as:

– Swot-analysis of the company and its promoters

– Managerial competence and experience of team leaders

– The validity of a business idea is beyond the creation of a token

– The company’s marketing plan and strategy for selling these ideas

– Ability to supply basic products to the market

– Customer base of products and services created by the company

– and the basis for designing acceptance in the market

Most people have failed to realize that the growth potential of their tokens after an ICO depends not so much on anything technical, but on what happens in the fundraising company and the expected increase in the company’s valuation as it disseminates its business plan and delivers products for business.

Of course, buying a cryptocurrency is not buying shares and not buying the security of any company. We get it, but tokens respond just as stocks respond to good and bad news about a company. The only difference is that in the case of encryption the effect is amplified 100 times.

So when a company reaches some financial or business stages, the price of its token on the exchange will rise … and it will go down quickly if nothing good happens. Therefore, what the company will do and how it will do it after the ICO should be crucial for those who do not want to see the value of its tokens and stay down forever.

Of course, most tokens will crash as soon as the tokens hit the cryptocurrency exchange after the ICO, due to those who want to make an immediate profit, but whether it will ever return to give you the expected multi-valued profit will always depend on the criteria I already outlined above. Once you have purchased the token, the value of “crypto-consultant” and “technical visit” goes to zero relative to the potential of your tokens for up to a month.

In line with this reality, I think a smart crypto buyer or investor should focus less on how many crypto consultants the project has or how technically sound the team is (if the company’s core business isn’t technical) and focus more on management, marketing and a potential customer base of the company that raises funds through the ICO.

In other words, spend more points on ICO business and management, rather than on technical jargon that won’t help your token in the market when the money is raised!

Why trade cryptocurrency?

The modern concept of cryptocurrency is becoming very popular among traders. The revolutionary concept presented to the world by Satoshi Nakamoto as a by-product became a hit. Deciphering cryptocurrency, we understand, crypto is something hidden, and currency is a medium of exchange. It is a form of currency used in a blockchain that is created and stored. This is done using encryption techniques in order to control the creation and verification of the currency being committed. Bitcoin was the first cryptocurrency to appear.

Cryptocurrency is only part of the process of a virtual database running in the virtual world. The identity of a real person cannot be determined here. In addition, there is no centralized body to manage cryptocurrency trading. This currency is equivalent to hard gold, which is stored by people, and the value of which is expected to increase rapidly. The electronic system installed by Satoshi is decentralized, where only miners have the right to make changes by confirming initiated transactions. They are the only providers of human contacts in the system.

Counterfeiting cryptocurrencies is impossible as the whole system is based on solid math and cryptographic puzzles. Only those people who are able to solve these puzzles can make changes to the database, which is almost impossible. Once confirmed, the transaction becomes part of a database or chain of blocks that cannot then be undone.

Cryptocurrency is nothing more than digital money created using coding techniques. It is based on a peer control system. Let’s now understand how you can benefit by trading in this market.

Cannot be undone or forgedA: Although many may deny that transactions are irreversible, the best thing about cryptocurrencies is that after the transaction is confirmed. A new block is added to the blockchain, and then the transaction cannot be forged. You become the owner of this block.

Online transactionsA: This not only makes it suitable for transactions for those sitting in any part of the world, but also facilitates the speed of transaction processing. Compared to real time, if you need a third party to buy a house, gold or take a loan, you only need a computer and a potential buyer or seller in the case of cryptocurrency. This concept is simple, fast and filled with prospects for return on investment.

The transaction fee is low: When conducting transactions, miners charge a small fee or do not require it at all, because the network takes care of it.

AvailabilityA: The concept is so practical that all people who have access to smartphones and laptops can access the cryptocurrency market and trade on it anytime, anywhere. Such affordability makes it even more profitable. Because return on investment is commendable, many countries, such as Kenya, have introduced the M-Pesa system, which allows the use of bit coins, which now allow one-third of Kenyans to carry a wallet.