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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!

Making an amazing decision to invest in gold?

Invest in gold?

I have many friends and clients who have recently asked me about whether to invest in gold. Before we turn to this question, let’s talk about GOLD. For millennia, gold has been a barometer of financial health and ultimate value. It has long been considered the ultimate contribution to safe haven when all else fails, especially after the credit crunch and global recession.

So now that gold has made a second big swing – shooting from $ 600 an ounce to $ 900 an ounce after breaking the $ 1,000 plateau last year, is “yellow metal” still a smart investment, or is it already an invested investment with?

Before we can answer the above question, let’s look at “GOLD 101”; the supply and demand of gold, which in turn determines its price. Speaking of the price of gold, here’s an interesting fact about the price of gold

The price of gold is there

$ 252.80 July 20, 1999

$ 255.95 April 2, 2001 (where the bull started)

$ 1,011.25 March 17, 2008 (mileage peak)

$ 692.50 October 24, 2008 (price due to the credit crunch)

$ 930.00 on January 31, 2009

$ 881.00 as I write this article …

If you noticed a sharp drop in gold prices over a short period of 6 months from the peak in March 2008 to the valley in October 2008, it is clear that a huge drop in prices occurred as a result of the credit crunch as a result of gold investor withdrawals among falls in all others asset classes.

If we consider gold compared to other commodities, I would find it safer because it moves independently. Gold is the only commodity with a positive increase compared to other commodities in 2008.

There are many factors that affect the supply and demand of gold. Examples are US dollar prices, political risks, inflation, new gold discoveries, etc. Honestly, there is no single factor that could determine demand and gold in general.

According to the World Gold Council, the demand for gold in 2003-2007 is broken down as follows:

Jewelry – 68% (2008 – 59%)

Use in industry – 13% (2008 – 11%)

Investments – 19% (2008 – 30%)

The gold offer is as follows:

Processed gold – 25%

Mining – 60%

Net sales of the Central Bank – 14%

It should be noted that the net sale of the central bank by supply was quite constant after the incident in 1999, when the UK bank sold 400 tons of gold, which caused a fall in gold prices in the same year. Since then, to prevent such a sharp drop in gold prices, most central banks have signed an agreement not to sell more than 400 tons of gold at a time. The current agreement of all central banks does not provide for the sale of more than 500 tons of gold on the market, except for the central bank of the United Kingdom. Currently, all European central banks have 60% gold reserves, except the UK only 40% after a big sell-off in 1999, which he probably regretted for many years …

If we talk about the jewelry side of the demand for gold, there is no doubt that India is the highest, followed by the United States (but in recent years it has fallen), and then China (over the past 5 years, demand for jewelry in China has doubled)

Demand for gold for industrial use over the years has been fairly consistent, although it is expected to decline slightly amid the global recession.

It is worth noting the surge in demand for gold from investments. 30% of total gold demand in 2008 compared to only about 19% in previous years. I believe that these figures will continue to grow in 2009.

By switching our focus to supply factors, people who sell gold will always be found when the price starts to rise. The percentage of processed gold as a supply tends to increase as gold prices rise.

The good news is that gold mining is declining, and this accounts for 60% of gold worldwide. In recent years, there are no new discoveries, because then the price of gold is low, and gold mining is expensive. The bad news about this supply factor is that as gold prices continue to accelerate, businessmen are stepping up to start mining gold again and thus increasing the supply of gold as new mines open.

Net sales of gold at the central bank over the past few years have been fairly consistent, with the U.S. currently holding about $ 252 billion in gold reserves

This brings us back to the big question, “Should I invest in gold?”

From the above analysis, it is clear that the price of gold will rise as investment demand for it increases in 2009. Counteraction to the price of gold will arise as a result of increased recycled gold and new subsequent ventures.

As the US dollar may depreciate in the long run, as mentioned in my second blog, and inflation will rise in the future, gold could become a good hedge against the US dollar.

Therefore, gold is a necessary component of almost any portfolio. The problem is that the iShares SPDR Gold Trust ETF has already amassed more gold than the rich countries of Switzerland and China. This means that any transition of the mass of investors to leaving the metal will have a huge reduction effect on it.

But knowing this important technical risk, I would still be willing to invest if gold returned to $ 750 an ounce. From there, I would continue to build a prudent position that would not exceed 10% of my portfolio, as we should see a price spike as soon as inflation starts to manifest in 12 months and 18 months. As inflation rises, be prepared to sell gold at prices above 1,000 marks.

I hope you enjoy this discussion.

Let’s talk again and you have a fantastic week ahead!

Sincere gratitude

Philip Chua, ChFC CFP FChFP

IARFC AMC B.BUS (Hons)

http://www.philipchua.com – a place to master wealth

Twitter me @phichua.

A step-by-step guide to investing in bitcoin

Well, like almost any other thing in life – if not everything – you have to buy it before you invest in it. Investing in bitcoin can be very challenging, that is, when there is no step ahead of you.

First you need to know that bitcoin is a type of cryptocurrency, one of the first digital currencies invented, developed and developed by Satoshi Nakamoto, and it was released to the public in 2009.

Since then, updates as well as improvements have been made by a network of highly experienced developers, and the platform has been partially funded by the Bitcoin Foundation.

Since bitcoin has become a hot topic of interest and a lot of people are investing in it, there is no harm if you also get digital wealth. It is interesting to note that back in 2012, bitcoin firms were able to raise only $ 2.2 million.

Despite falling prices this year, the cryptocurrency continues to experience growth for both users and merchants who accept it as payment.

So how can you become a participant of the action? Investing in bitcoin for an ordinary Joe can be simple: he just buys them.

Buying it today has become easy: many companies in the United States and everywhere are involved in buying and selling.

For American investors, the easiest solution is Coin Base – a company that sells BTC to people with a markup that is usually about 1% of the current market price.

If you want a traditional exchange, Bit Stamp may be the best option because users will trade not only with the company but also with the users.

The company acts only as an intermediary. Liquidity is higher and you can almost always find another person who will take the other side of your trade.

Fees start at 0.5% and drop to 0.2% if you traded more than $ 150,000 in the last 30 days. All of this is in its own way, a means to invest, because the more you buy BTC, the more profit you will save if you want to keep it or resell it to other traditional buyers at a higher price than the one you bought in real companies.

You can also buy bitcoin in a way other than exchange. One of the most popular routes for offline use – this is local bitcoin – is a website that connects you with potential buyers and sellers. When buying coins are closed from the seller in the depository, where it can only be issued by buyers.

But you need to buy bitcoin offline with additional precautions, which are always common, as when meeting a stranger. Meet during the day in a public place and, if possible, bring a friend.

Bitcoin is the hottest thing on the internet. Investors and venture capital firms are betting that they need to stay here. For the regular Joe, there are many ways to invest and buy bitcoin.

In the US, the most popular ways are Coin Base, Bit Stamp and Local Bitcoin. Each has its advantages and disadvantages, so do research to find the best one for you.

An economic future for you and your loved ones – gold – the answer!

In order to create and maintain your wealth, you need a diverse portfolio that actually fits your schedule. There is another type of portfolio that is suitable for those who have time to invest on a daily basis, and for those who are engaged in day work, family and other interests.

For people who want to save lives by providing an economic future for themselves and their families, gold is a safe investment. There are many ways to protect and build your wealth with gold. Here are just a few ways gold can help you secure your economic future.

Gold rises when the currency falls or fluctuates.

You can protect and build your wealth with gold as it is less volatile than any other type of investment grade. It is one of the safest investments even in volatile economic times as it is a major component of many materials used in daily life.

Many will actually use gold as a buffer for many of their more speculative investments. At the same time, gold can also be profitable. This is one of the greatest benefits of gold and other precious metals.

Gold holds the price above inflation.

The history of gold has shown that it is an investment that tends to keep the price above inflation. In fact it is one of the most important aspects of any investment that an investor should consider. Because savings accounts and regular checking accounts have interest rates below inflation, people need to find other ways to keep their money in long-term assets. Gold is one of the safest ways to do this.

Although a little more work can be done in purchasing gold investments, an investor who really understands the market is worth the time. Trading gold is relatively simple when there is a short-term emergency; however, the fact that money is invested in a precious metal usually prevents people from turning it into a liquid currency for something frivolous. These unique characteristics make gold a unique wealth building tool used by many of the world’s most famous investors today.

There are many different ways to invest in gold.

Depending on the time you are willing to invest in your investment, you may receive rewards that go far beyond many other types of investment classes. For example, gold bullion gives investors the opportunity to interact with precious metals at the most basic level, reducing investment volatility while increasing its ability to build wealth. However, if you do not have time to interact with gold at this level, you can also invest in gold-derived gold reserves, exchange-traded funds, and mutual funds that include gold in their reserves. There are many ways to invest in gold; use them all if you can. You can also invest in gold mining companies to get a speculative option that can increase your holdings exponentially if the company is successful.

There are many other reasons why a goal can provide an economic future for you and your loved one; However, the above reasons are more than enough to start working in this field. Make sure you understand all the risks associated with any investment before embarking on anything. In particular, make sure you are well informed about the precious metals industry and how you can make money by making gold investments.

Historically, gold has been one of the most popular and effective investments of any precious metal. If you just want to get started or you are an experienced investor who has been at your disposal for many years, you can always find great value for your money by investing in gold.

4 Benefits You Can Enjoy Investing in Bitcoin

Bitcoin is a type of digital currency based on a peer-to-peer network. It was introduced in 2009. The difference between this type of currency and the common one is that it is not centralized and does not depend on banking and government agencies. However, bitcoin offers many benefits. For example, it has lower transaction fees than conventional payment mechanisms. Let’s look at 4 benefits you can enjoy when investing in bitcoin. Read on to learn more.

Reusable

Initially, bitcoin users used currency to make regular financial transactions without paying a lot of fees. Since then, the currency has been used for many other purposes.

In fact, bitcoin uses blockchain technology to facilitate digital transactions. Therefore, all transactions are first checked and verified. What’s more, all transactions can be viewed online through a database available on the blockchain website.

In addition, bitcoins can be used to digitally trade in land ownership securities, insurance claims and so on. However, it is important to keep in mind that these uses are under development. Thus, they have not yet become part of the mainstream.

However, the currency was a success. So it brought a revolution throughout the industry. According to many researchers, the value of bitcoin will rise in the future. So, it’s a great idea to invest in BTC if you want to get a great return on your investment.

Expected success

First of all, it is important to note that the potential gain is higher than the potential loss when it comes to investing in bitcoin. According to many cryptanalysts, bitcoin is going to become an international currency. In other words, the chances of losing money are lower than the chances of making a significant profit. So it’s a somewhat safe investment.

If that happens, it will give a boost to world trade. As a result, the value of bitcoin will increase 20,000 times compared to its current value. However, this can only happen if this currency is recognized as a valid currency for domestic and international trade.

Interest on your investment

Because bitcoin is taken as a type of commodity money, you can invest your bitcoins just as you would invest in any business using traditional fiat money. This way, you can also earn interest on the money invested. Alternatively, you can sell your bitcoins after they increase in value.

Easy access

The best part is that you don’t need to hold your bitcoins long to make money. Depending on how much money people transfer to the Bitcoin network, you can make a profit in a short period of time.

In short, it’s a great idea to invest in bitcoin in 2019. Be sure to follow the latest developments to take advantage of the available features.

The price of gold in different countries

Economists believe that the price of gold, although uncertain, but estimated. They approach the valuation of any other commodity with rising production costs.

Specialists and gold traders, by contrast, adhere to the previous economic convention, which emphasizes the monetary role of existing gold reserves, which exceed the annual output of the new metal by two orders of magnitude. It is assumed that the price of gold is mainly based on expectations of changes in international macroeconomic variables and world trade.

None of these approaches gave good price forecasts. The main problem is that investment requirements cannot be seen simply as a modification of manufacturers ’stocks for the purpose of precaution or speculation. as with other goods. Thus, when we argue that fabricated demands should increase in proportion to world gross national product (GNP), and Leontief et al., We obtain forecasts of annual world gold consumption in 2000 that are absurdly high. i.e., two or three times in 1980. If we had to provide such increases from new gold mining, it would require an increase in real gold prices to $ 600 to $ 1,000 an ounce per constant dollar.

Obviously, these estimates do not correspond to the past patterns of changes in supply and demand for gold, which indicate a significant sensitivity to price changes (price elasticity). This suggests that market experts are reconsidering the role of gold as the main store of value, the value of which is less responsive to the movement of output and the cost of mining new gold than to changes in stocks of previously mined gold. Such assets mainly respond to changes in asset prices, i.e. interest rates, inflation and currency. Because prices are affected by changes in macroeconomic variables, this second approach attempts to correlate gold prices directly with monetary variables, but it has not been more successful than commodity.

One reason for the failure is that changes in gold reserves complicate the movement of international capital. The movement of capital is driven by expectations of changes in asset prices, and they are sensitive to uncertainty regarding monetary policy. These complications hinder and embarrass attempts to apply statistical analysis directly to explain gold price movements.

We propose to consider gold as the share price of foreign assets in the portfolios of international investors not exposed to currency risks. Own gold price, exchange rate, price level and interest rate are shown as replacement prices for assets that come with other exogenous variables and wealth in demand by private and public investors here and abroad. These investors maximize utility provided by the imbalance of monetary policy and balance of payments. As investors seek to maintain the desired level of various assets, foreign and domestic, gold bullion or stock markets respond in line with conditional expectations of changes in key rates and uncertainties affecting the value of the home country’s currency. The task of this hypothesis is to find a way to test it empirically.

A way around the complexity is given by stock exchanges. Because gold bullion bullion and stock are serious substitutes, the use of capital and asset pricing theory allows us to test this alternative model against North American gold producers whose shares are traded on the stock exchange.

Our results show that trends in new gold mining and price movements are not simple functions of commodity forecasts in a conventional gold market analysis. Gold is best predicted as a stock price determined by the stock exchange. This implies a much more volatile market when monetary expectations become dominant. Such periods are demonstrated by the size of the premium, which prevails over gold above its production price. This can be two to three times higher than usual, enough to significantly hinder the growth of the product. Around this level of premiums, irregular price cycles arise as a result of the movement of stock positions among investors during periods of adjustment to global currency imbalances. The variance in price is due to the sensitivity of the fabricated price requirements. We show that investors who monitor macroeconomic variables in a fully identified model can successfully thwart currency devaluations and capital gains for gamers periodically by using a strategy that includes gold securities in their investment portfolios.

Online Bitcoin Trading: Discover the Keys to Earning Huge Profits From Bitcoin Trading

Step 1 – Understanding bitcoin and blockchain

Bitcoin is a peer-to-peer payment system, otherwise known as electronic money or virtual currency. It offers an alternative to the twenty-first century cans of brick and mortar. The exchange is done through “e-wallet software”. Bitcoin has in fact violated the traditional banking system while operating outside government rules.

Bitcoin uses state-of-the-art cryptography, is issued in any fractional denomination and has a decentralized distribution system, is in great demand worldwide and offers several obvious advantages over other currencies such as the US dollar. On the one hand, it can never be decorated or frozen by a bank (s) or a government agency.

Back in 2009, when bitcoin cost only ten cents per coin, you would have turned a thousand dollars into millions if you had waited just eight years. The number of bitcoins available for purchase is limited to 21,000,000. At the time of writing, the total amount of bitcoins in circulation was 16,275,288, which means that the percentage of the total number of bitcoins is “extracted“at the time it was 77.5%. The current value of one bitcoin at the time of this writing was $ 1,214.70.

According to Bill Gates, “a bit coin is exciting and better than currency.” Bitcoin is a decentralized form of currency. No more need “trusted, third party“Participate in any transaction. By removing banks from the equation, you also eliminate the lion’s share of each transaction fee. In addition, the amount of time required to move money from point A to point B is greatly reduced.

The largest transaction that has ever taken place using bitcoins is one hundred and fifty million dollars. This transaction took place in seconds with a minimum fee. It will take days and costs hundreds if not thousands of dollars to transfer large sums of money through a “trusted third party”. This explains why banks are strongly opposed to people buying, selling, trading, transferring and spending bitcoins.

It is estimated that only 003% of the world’s population (250,000) hold at least one bitcoin. And only 24% of the population knows what it is. Transactions with bitcoins are entered chronologically in the “blockchain” in the same way as banking transactions. The blocks meanwhile are similar to individual bank statements. In other words, the blockchain is a public book of all Bitcoin transactions that have ever been executed. It is constantly growing as “completed” blocks with a new set of records are added to it. If you use regular banking as an analogy, the blockchain is like a complete history of banking operations.

Step 2 – Set up an e-wallet software account

Once you create your own unique e-wallet software account, you will have the opportunity to transfer funds from your e-wallet to the e-wallet of the recipients in the form of bitcoin. If you want to use a bitcoin ATM to withdraw funds from your account, you will essentially link your “e-wallet” to the address of your chosen ATM. To facilitate the transfer of your funds in bitcoins to and from the trading platform, you simply link your “e-wallet” to the “address” of the selected trading platform. In fact it is much easier than it seems. The learning curve due to the use of the e-wallet is very short.

To create an e-wallet, there are many online companies that offer safe, secure, free and turnkey e-wallets. A simple Google search will help you find the right e-wallet software depending on what your needs are. Many are starting to use a “blockchain” account. It’s free and very safe. You have the ability to set up a two-layer login protocol to further enhance security and safety in relation to your wallet account, essentially protecting your account from hacking.

When it comes to setting up an e-wallet, there are many options. You need to start with QuadrigaCX. You can find them by doing a Google search. Quadrigacx uses some of the most stringent security protocols in existence today. In addition, bitcoins funded by QuadrigaCX are stored in cold storage using some of the most secure cryptographic procedures. In other words, it is a very safe place for your bitcoins and other digital currencies.

In order to withdraw money in your local currency from your e-wallet, you need to find a bitcoin ATM, which can often be found at local businesses in most major cities. Bitcoin ATMs can be found by a simple Google search.

Step 3 – Purchase any small denomination of bitcoin

To buy any amount of bitcoins, you need to deal with a digital currency broker. Like any currency broker, you will have to pay a broker a commission when buying bitcoin. You can buy 1 bitcoin or less if that’s all you want to buy. The price is simply based on the current market value of the full bitcoin at any given time.

There are many bitcoin brokers on the Internet. A simple Google search will allow you to easily find the best one for you. It’s always a good idea to compare their rates before moving on to buying. You also need to confirm the bitcoin rate online before making a purchase through a broker, as the rate usually fluctuates frequently.

Step 4 – Stay away from any trading platform, promising unrealistic returns for unsuspecting investors

Finding a reputable bitcoin trading company that offers high profitability is key to your success online. A salary of 1% per day is considered a high return in this area. It is impossible to earn 10% a day. With online bitcoin trading, it is possible to double the digital currency in ninety days. You should avoid the lure of any company that offers a profit of, say, 10% per day. This type of return is unrealistic in digital currency trading. There is the company Coinexpro, which offered 10% per day to bitcoin traders. And the result was a poncho scheme. If it’s 10% a day, leave. The aforementioned trading platform proved to be very perfect and legitimate. My advice is to focus on trading your bitcoins in a company that offers a reasonable return, such as 1% per day. There will be other companies that will try to separate you from your bitcoin by unscrupulous methods. Be very careful when it comes to any company that offers unrealistic profits. Once you transfer your bitcoin to the recipient, you will be virtually unable to return it. You need to make sure that the chosen trading company is fully automated and integrated blockchain, from receipt to payment. More importantly, it is important that you learn to distinguish legitimate trading opportunities from an unscrupulous “company” that is an expert when it comes to separating customers from their money. Bitcoin and other digital currencies are not an issue. These are trading platforms with which you should exercise caution before transferring your earned money.

Your return on investment should also be more than 1% + per day because the trading company to which you lend your bitcoin is likely to earn an average of more than 5% + per day. Your return on investment should also be automatically transferred to your “e-wallet” at regular intervals throughout the life of your contract. There is only one platform on which I feel comfortable. It pays each bitcoin investor / trader 1.1% per day at interest as well as 1.1% per day in equity. This type of return is staggering compared to what you could earn in traditional financial markets, however with cryptocurrency it is common. Most banks will pay 2% per annum!

If you are required to perform tedious activities, such as logging in to your account, sending an email, clicking on links, etc., you should definitely continue to search for a suitable trading company that offers an “install and forget” platform. for they absolutely exist.

Legal status of virtual currencies / cryptocurrencies in India

The legitimacy of cryptocurrencies has been a major issue in India. This keeps many investors on the side when people think that investing in cryptocurrencies can get them in trouble, or they may even lose their money. This is a complete deception, as investors have long been involved in this wonderful process of multiplying money.

Leaving aside MLM projects based on ponzi, in India and around the world, and we wisely choose cryptocurrencies, there are definitely no problems as such. However, for those who are still worried about this possible bustling market, I will try to cover all aspects of cryptocurrency legalization in India.

While China has banned cryptocurrency trading to already work out rules, Japan has taken the first initiative to regulate those currencies. The US and Australia are already making regulatory recommendations as soon as possible.

Fintech Valley Vizag, the flagship initiative of the Andhra Pradesh government, J.A. Chaudhary, who is an IT advisor to SM, is involved in building a solid foundation for the development of Indians and the adoption of blockchain technology. It is also planned to open schools for teaching the younger generations of blockchain. So when this level of strategy is done and implemented, you can understand that the country welcomes blockchain and projects based on it. Of course, cryptocurrencies will also be regulated soon.

Speaking at KPMG’s fintech event, RBI CEO Sudarshan Sen said: “We now have a group of people considering fiat cryptocurrencies. Something that could be an alternative to the Indian rupee, so to speak. We are looking at it closer.” Statements have been issued stating that RBI will not be liable for investors who go for cryptocurrencies. While the Indian government is watching the domestic growth of cryptocurrencies with a combination of fears and intrigue, local startups are leading the way in incorporating bitcoin and other cryptocurrencies into India’s high digital ambitions. If you look closely, you will see that there are already various crypto projects on the market, such as Indicoin (cryptocurrency) and Zebpay (bitcoin exchange).

In particular, Indicoin has just successfully completed pre-sales and ICOs and sold over 95% of the total tokens available. The figure clearly shows that investors not only from India but also from all over the world have shown tremendous support for the project. Indicoin is going to trade on HitBTC and other major exchanges around the world. So even if the rules take some time, investors can trade with Indicoins. Transactions are not conducted in fiat currency, so national law is not harmed.

Zebpay, a bitcoin exchange has been active for a long time. They have permission to operate in the market, and they succeed! Thus, if projects such as Indicoin and Zebpay are able to establish a platform and attract their customers, creating deep awareness, it will catalyze investment in cryptocurrencies soon.

Now, if you visit bitcointalk and try to find the rules in India, you will notice the comments of experts, with all the highs containing the motivation to continue trading cryptocurrencies.

Of course, India is not such a communist country as China, where only one regime decides the state of the country. It is a democracy, and if the whole system welcomes cryptocurrencies, the government cannot deny it. We all know that the potential is contained in cryptocurrencies, and it will certainly raise the economic basis for the common man.

The rules are already in place, the framework will soon take effect as soon as the committee decides on the rules to be set. Whatever the regulations, one is sure that trade will not stop, and projects like Indicoin and others will create a lot of agitation in the market. So I think everyone needs to buckle up and prepare to witness a whole new era of virtual currencies and digitization. It will be all different and better, right?

Invest in silver instead of gold or other precious metals to retire or build wealth

In recent months, it has been noted that silver prices are falling and investors are becoming hungry. Investing in silver is a great way to secure / diversify investments and build a portfolio. Silver is cheap and can bring big profits, especially if you invest money for a long time.

One of the most convenient ways to invest in silver is to purchase physical silver. It can be either a coin or an ingot. Combined with growing demand from industry as well as falling prices, more and more people nowadays prefer to invest in this metal over other precious metals such as gold and titanium.

When purchasing silver bars, you need to specially organize the transportation and storage of silver (or use a company that will help you set it all up). On the other hand, silver coins have the advantage that they are smaller compared to ingots; so you don’t need to come up with special transportation needs. They also don’t use much of your storage space.

As an investor, you may want to keep an eye on the American Eagle silver coin. It is the most popular and valuable coin in the United States. In the past, investors in precious metals preferred to invest in gold coins, but silver is gradually turning.

On the one hand, silver coins are much cheaper than gold coins; in fact they are many times cheaper by 60 times less. The industry is particularly attractive to investors who do not mind slight variability.

As mentioned, physical metal is still the best way to invest in silver. EFT isn’t that great because it means you need to shop on paper silver. The downside of this is that EFT may be the surplus silver available in the market.

In order to reap the full benefits of investing in silver, it is advisable to seek the advice of a professional investor or consultant who has gained a lot of knowledge and reputation in handling mining reserves with great results.

If you want to invest in silver, it is advisable to look for a safe place to store your investment. One way you can ensure that your investment is completely safe is to get a bank safe. It is much safer for you to store silver this way rather than store it in your home.

Adding silver to your portfolio for retirement purposes or to create wealth can be a big step. The main thing is to understand the market, risk a comfortable amount and pay attention to both basic and technical factors. Also, don’t jump too much, as the volatility of commodities like silver may be higher than in other markets such as stocks.

The future of digital currency

Currency refers to electronic currencies that are stored electronically in banks and constitute one of three forms of electronic currency. While paper money is still used worldwide, up to 80% of the world’s currency is stored in banks electronically. From an early age it has evolved from an alternative to doing business to a basic form of e-commerce and seems to only continue to grow.

Sources

The first digital currency was created during the first internet bubble in the early 2000s. It was named E-Gold and was founded in 1996 by Gold & Sliver Reserve Inc, which allowed users to transfer small amounts of gold value electronically. In the spring of 2000, it became the first e-currency to offer an exchange service for other currencies.

The launch two years before PayPal before 2004 had more than a million accounts. Another service, starting in 2006, Liberty Reserve, allowed its customers to convert euros or dollars into Liberty Reserve money and then return. Unfortunately, shortly after the U.S. government discovered that criminals were using these sites, they were both shut down.

The difference between virtual, digital and cryptocurrencies

While more and more banks are allowing an increase in the number of e-banking services, virtual currencies operate as stand-alone money, the value of which is created by the initial customer. However, the world’s most famous virtual currency, bitcoin, does not meet this specification but covers aspects of all three forms of e-currency.

A digital currency differs from this by money backed by an asset equivalent to its real value. Due to the fact that most of the world’s money is stored in bank computers, we can say that most of the world’s currency is now digital.

Cryptocurrencies are called forms of electronic money whose transitions are encrypted. By using blockchains to store data, they efficiently bind and act as books that users can use for continuous data tracking. Due to the variety of ways to increase the price it often fluctuates in price. Although cryptocurrencies have some degree of anonymity, by law some of them are still required to disclose user data.

The future of transactions

As more banks turn to digital currencies as the main form of electronic document management, and the emergence of a large number of virtual and cryptocurrencies is growing, we can say that the future of global transactions will be conducted electronically. Perhaps in a hundred years paper money could almost be a thing of the past.

Foreign currency growth: Why landing the best forex broker is now more important than ever

Currency trading for a living is becoming increasingly popular in the world now that many investors are abandoning traditional financial trading instruments and concentrating solely on Forex. Likewise, accordingly, new brokers appear almost daily, attracting ill-trained traders with massive shiny banners to join their trading platforms. However, before entrusting one red cent to any online broker you come across by chance, it is best to conduct a thorough study first.

The Internet is downloaded by loggers, and online Forex trading is no exception. However, if you find a great broker, you can be sure that your money is safe. Thus, squatting yourself with a highly rated Forex firm will help protect your trades. In addition, a highly rated broker often gives you all the tools and information you need on how to best leverage foreign exchange. Because Forex trading is considered a risky business, this information will help prevent wrong trading decisions and huge losses.

Here are some important tips to keep in mind when hunting for the best forex brokers:

  • Look at the type of services offered. Since participating in currency trading online does not require you to physically enter the broker’s office, you are better off choosing a Forex firm that does not hesitate to solve any problems that may arise. The support services of the best forex brokers are often available around the clock by phone, mail or chat. This means you should avoid brokers who do not offer this crucial position. Usually you can determine the quality of service of your chosen broker by the reviews and feedback of others who have used them.
  • They must be registered with the regulator. To protect traders from fraud, several financial authorities have been set up to monitor the behavior of Forex brokers over the Internet. The two most common are the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Services Authority (FSA). If any broker has not gone through a thorough registration process involving one or both of these agencies, this should be avoided. Good Forex brokers improve your reputation by securing certification in any local financial management authority.
  • Large brokers often provide their clients with different types of accounts. If you really want to make a career in Forex trading, it is important to choose the type of account that best suits your background and trading style. The best Forex brokers in the world usually give you the opportunity to choose the type of account that suits your needs. Even if a broker has only one type of account, it should be designed so that you can change it according to your trading preferences.
  • See how many trading tools the broker provides. Top rated forex brokers often have a variety of trading tools that you can choose to trade. This allows you to practice diversifying your investments, especially on the charming “rainy days” when some of your investments don’t live up to expectations. You should also avoid investing in brokers that provide only one tool that can be traded, or several others. In addition to currencies, high-ranking Forex brokers provide other commodity instruments such as commodities (crude oil, metals, etc.), contracts for difference (CFDs), stocks and so on.
  • Quality Forex brokers often have competitive spreads in the market. Spread (the difference between the bid price and the request) is important in Forex trading because you pay this fee every time you make a trade through your trading platform. Spreads can be fixed or variable. The first remains the same no matter what happens in the market, and the second changes depending on market activity. You should avoid resorting to the services of a broker with a high spread, as this will only increase the cost of entering into a trade.
  • The best Forex platforms offer a demonstration (practical) account: Before moving on to currency trading, you should check your trading strategy through a demo account. Because it provides real market conditions, this account is important to boost your confidence and improve your skills before moving forward in the Forex trading business. The best Forex brokers provide these demo accounts for free. Brokers who do not provide this necessary tool should be avoided, especially if you are a beginner.

Thank you.