Cryptocurrency is making a lot of noise right now with coins like Bitcoin and Ethereum having their best days since the boom of 2017. People are looking for a store of value outside the traditional options and cryptocurrency seems like a more democratic way to invest. However, a lot of the optimism comes from cynicism towards institutions and traditional financial instruments like stocks and bonds.
While both crypto and stocks share some similarities, they are also vastly different, so you can’t expect to get the same from both. It’s also very important that you know these differences before you jump into cryptocurrency trading. They may have disadvantages compared with stocks that you may not have considered. Stocks might also be the best option for what you’re trying to accomplish. Let’s take a look at some of the major differences between cryptocurrencies and stocks.
Cryptocurrencies Aren’t as Tightly Regulated as Stocks
Literally anyone can start a cryptocurrency these days. At the time of writing, there were a total of 4000 cryptocurrencies in circulation. One of the most popular cryptocurrencies, Dogecoin, was even started as a joke.
This is not the case with stocks, especially those listed in the Dow, NASDAQ, and the New York Stock Exchange. Before a stock can be created, it has to be looked over by the proper government agency and audited. It also has to abide by a variety of different regulations before it can even go public.
Another difference between stocks and cryptocurrencies is that they serve different functions. The main goal of stock is to raise funds for a certain company. Crypto, on the other hand, can serve many purposes. Some cryptocurrencies might be used to run apps on a proprietary blockchain. Others might exist to be used on specific websites. Others might be there to mimic movements of a particular asset to provide more liquidity and stability.
Cryptocurrencies are made entirely from code and are really nothing like stocks. So, before you decide to buy cryptocurrency, you have to know exactly what its purpose is. It might be more than just an investment.
Cryptocurrencies Are Much More Volatile
While we can see some volatility in the stock market, it’s nothing like what you see in the crypto space. The worst part is that price movements seem to often come out of nowhere and require a lot of analysis to decipher. With a stock, it’s usually much easier to pinpoint why it’s behaving the way it is.
The thing with cryptocurrencies is that many of them are solely subject to the laws of supply and demand, like Bitcoin. The movements are not reflective of things such as financial statements, industry trends, expansion plans, or earnings. Cryptocurrency has to be the most speculative asset there is and a lot of a cryptocurrency’s value is derived from its reputation with the public.
For instance, Bitcoin is the most popular cryptocurrency by far, even if it has many recognised flaws. Transaction times are much slower than with fiat currencies or credit cards. It also has extremely high fees that make it unusable for day-to-day purchases.
These are all things that would’ve negatively affected any asset, but not Bitcoin. That’s because a lot of people have an invested belief in it. As Mark Cuban said, Bitcoin is little more than an idea at the moment. This is also why he suggested that people only invest 10% max of their net worth in cryptocurrency.
Also, we recommend that you err on the side of caution before looking at Bitcoin as a store of value. People like to point to the fact that its limited supply will automatically make it more valuable over time, but it’s all dependent on whether there will be demand for it. There’s no way to know where the demand for Bitcoin will be 5, 10, or 15 years from now. Analysts can barely make predictions for the next year when it comes to crypto, let alone a decade.
If your goal is stability, then stocks are hands down the best option. While you may not get the same returns as Bitcoin in the short run, you can invest in a well-balanced portfolio that will allow you to beat inflation every year and make a little bit of money from dividends – something you can’t get with crypto.
Stocks Are Easier to Get Into
Yes, you heard that correctly. While most people see crypto as an asset for the masses, they’re not as easy to trade as many people think. For one, you can’t just hop online and expect to be able to trade fiat for cryptocurrency. You will first need to get a wallet, then get verified by any exchange you want to trade cryptocurrency on. Not only that, but some will only allow you to trade cryptocurrencies for other cryptocurrencies.
Investing in stocks, however, is simpler than ever. You probably have a brokerage service at your bank that will allow you to start investing fast without having to go through all the holes you’d have to with crypto. You also have apps that allow you to trade stocks without having to pay commissions.
While most of these used to be reserved for US clients, many are now catering to Canadians as well. If you’re living in Canada, we suggest you check out this piece by Wealthsimple on how to invest in stocks in Canada. It will show you the exact steps needed to start trading stocks even if you’ve never invested in the stock market before. They also have a few tips for beginners, and also give valuable advice on what you should be looking for in a stock.
Stocks Are Generally a Safer Option
The fact that cryptocurrency is less regulated also means that it’s less safe. While no major crypto has even been “hacked”, it has been the case with many exchanges. You even have strange stories like that of QuadrigaCX, which was the single best cryptocurrency exchange in Canada. The owner of the exchange died in mysterious (and some would even say suspicious) circumstances in India. The thing is that the wallet that contained all the cryptocurrencies on the exchange was lost, which meant that $180m worth of assets were lost forever. You also have coins and projects whose sole goal is to defraud investors, like in the infamous Bitconnect case, for instance.
Stocks, on the other hand, have to go through extensive scrutiny before they hit the market. The heavy regulation that they have to abide by means that it’s almost impossible for a stock to be fraudulent from the get-go.
With cryptocurrencies, anyone can launch an ICO, raise money, then vanish into the night. What makes cryptocurrencies so interesting, such as its decentralized nature and privacy, is what makes them dangerous as well. No one controlling a cryptocurrency means that no central agency can regulate that cryptocurrency either.
When you buy a stock, your name is assigned to it, and there is documented evidence of ownership. Because of how they’re tracked and the record-keeping involved, it’s not really possible for someone to steal stocks from you. With cryptocurrency, it’s still possible for your coins to be stolen and there will be nothing you’ll be able to do about it due to the anonymity.
This is why you must know how to trade and store cryptocurrency safely. First of all, you have to make sure that you never leave your coins on an exchange. When doing so, you are basically handing over ownership of your cryptocurrency to them. When cryptocurrency is stolen, it’s usually through exchanges, so you have to find a way to store the coins yourself.
This means that you will have to do your research on cryptocurrency wallets. You have wallets that can be used on devices and others that look like a USB key. It is usually recommended that you use a hardware-based wallet if you want your cryptocurrency to be as safe as possible. Since they can be disconnected from the network, there is no way for someone to hack them directly.
Crypto Offers the Highest Risk, but Higher Rewards as Well
You’ll have a hard time finding any asset that will give you the type of returns that early Bitcoin adopters had. This is one of the perks of crypto. If you jump on the right ICO, you could make handsome profits overnight. This is the trade-off for the high risk and volatility of the market.
However, before you go ICO hunting, you will need to learn the basics of cryptocurrency and how to read a whitepaper. You also have to gauge sentiment in the community, especially about the truthfulness and track record of the creators of the coin.
As you can see, stocks and cryptocurrency are vastly different. This is why you will need to do your research on them if you’re more used to traditional assets. We would also suggest crypto investors reconsider some of the myths and misconceptions they may have about stocks and see what they have to offer.
There aren’t a lot of similarities between stock market investing and gaming. In fact, these two are worlds apart in terms of what people do to become successful in each respective field. That doesn’t mean that you can’t be a trader and a gamer at the same time, however. In fact, more traders are starting to see the merits in gamers. Most particularly in the rig they use which includes a 6 monitor setup.
What is the 6-monitor setup you asked for? It is what you say it is. It is a computer rig that works with not just one monitor, but with a total of six. It’s an amazing setup that is used by both traders and gamers alike and it comes with many benefits. If you are hoping to use such a setup, then here are a few reasons why you really need to consider investing in one soon.
Right off the bat, one of the major benefits of a 6-monitor setup is efficiency. When it comes to gaming, a setup featuring multiple screens is efficient as it lets you enjoy the experience seamlessly. It would even be better if your monitors are all bezelless as it means that there are no borders that serve as a partition between all of the screens.
Whether you are gaming online or on your own, a multi-screen setup is amazing. The game takes up the entire screen while it is being played. If you have other tabs open, such as a tab for your social media to contact your friends, you’ll have to temporarily close the game. However, in a multi-screen setup, however, you don’t have to do this anymore.
Traders, on the other hand, can take advantage of the setup much better. One way to make sure that you are making the right trades is by having a lot of indicators to guide your bidding. With a multiscreen setup, you can open up numerous tabs featuring all of the indicators you need in one place. This makes it easier for you to use the indicators.
Moreover, a multi-screen setup also allows you to make efficient trades all at the same time. You can monitor numerous stocks and options with a multiscreen setup. Usually, this would mean that you need to shift between tabs to check your other investment opportunities. However, this isn’t always ideal as once you’re on shift tabs, you could be missing out on significant movements at others.
Training To Become An Expert
Using a multi-screen setup takes a ton of practice. You will find it difficult to work on a 6-monitor setup at first but after sometime, it will feel very natural. These kinds of setups are usually used by experts who have developed enough skill and know-how to handle multiple tasks at once. As such, it’s crucial for you to begin practicing this technique as soon as possible.
Working on multiple screens not only makes you trade and game more efficiently, it also makes you better. When the time comes that you are back to using a single screen, you’ll see that you’ve become more focused. In video games, a multiscreen setup means that you need to be alert and more aware of what’s happening from all screens. Being used to a multi-screen setup helps you train your awareness.
When it comes to trading on the other hand, a multi screen setup teaches you to become a better trader. Since you are trading on multiple screens, it will be a must for you to know how to make predictions properly. If you are able to see price movements from various stock options, you’ll eventually be able to understand trends much better.
Multitasking is a must. It’s key whether you’re a gamer or a trader is key. This will help you do multiple things that can help you out in both gaming and trading. It’s tough to multitask on a single screen setup. When multitasking this way, you’ll have to open and close tabs over and over. It’s not really ideal to do this especially if your computer isn’t powerful enough. There’s a good chance that it will slow things down.
In gaming, a 6-monitor setup will be used efficiently by streamers. Streaming in itself is a great profession. Top streamers like Ninja and Pewdiepie make millions per year playing video games. Of course, it’s not easy to become a top-notch streamer if you only have one screen to work on. These guys are most definitely using multiple screens.
It’s important for streamers to have multiple screens as they need to interact with their fans most of the time. One screen can be dedicated to video games. The other screen will be dedicated to the streaming platform. Other screens will serve as a means for you to interact with your fans via various social media accounts. Imagine doing all of this in a single screen setup.
As for trading, one of the most important metrics that will guide you to trading success are news stories. It’s vital to have multiple screens so that you can check up on the latest trends while you are trading. Again, you can do this even from a single screen setup but that would be tough work.
What You Need To Know
For starters, you need to keep in mind that multi-screen setups are expensive. Aside from buying a total of 6 or more monitors, you also need a powerful PC. Remember that not all PCs are capable of handling multiple tasks and screens all at once. As such, make sure you have the budget to have the setup in place.
It’s a worthy investment for your money though. As we’ve said, there are many merits to having a multiscreen setup.
A 6-monitor setup may seem like overkill for trading and gaming. However, with the benefits that come from having this rig, is it really right to consider it as overkill? Trade by day, game by night. A multiscreen setup like this will ensure that whatever it is you are doing, you are doing it at maximum potential.
Cryptocurrencies have not only grown in popularity but also assumed greater value in recent years. Many industry experts have proclaimed that cryptocurrencies can transform the finance and marketing sectors. However, as digital currencies like Bitcoin become more commonplace, it might create issues for marketers to obtain consumer data. The impact of cryptocurrencies on digital marketing is also expected not to stay confined to one aspect. Instead, all facets of marketing like social media, email marketing, etc. might get affected. The anonymous nature of digital currency can have a significant bearing on how the future of marketing shapes up and grows.
Cryptocurrency and Social Media
Social media has impacted our life like no other medium. Although it might sound unbelievable, there are nut cases outside who believe that if it isn’t trending on social media, then it isn’t true at all. Regardless of how stupid this sounds, it demonstrates the significance of the digital world. Therefore, social media plays a critical role in boosting the surge of cryptocurrencies. Crypto holders can find all the crypto-related information they need through social channels. Some of these platforms, like Facebook, are also planning to invest in cryptocurrencies. By doing so, they can benefit from the popularity that it has been gaining.
But it is important to note that social media can also lead to market price fluctuation apart from helping to make cryptocurrencies popular. This is evident from the dip in the value of Bitcoin and Ethereum last year when Tether was hacked for over$30 million in tokens. However, one must not forget that this influence can also work inversely. If cryptocurrencies achieve mainstream acceptance, this could also lead to another wave of social media platforms being launched.
Is Cryptocurrency Disrupting the Marketing Sector?
The decentralized nature of the blockchain and cryptocurrencies have made it challenging for marketers to obtain consumer data. The absence of precise customer information makes it challenging to create digital marketing strategies and execute them. Cryptocurrencies can also bring in greater online anonymity, which many internet users have been clamouring for a long period. A report by Pew Research Center claimed that over 86 per cent of internet users have taken measures to conceal their digital footprints or clear them completely. These steps ranged from removing cookies to mail encryption. Some also avoided using their name. Others used their names to scale virtual networks that hid the internet protocol (IP) address.
The smaller volume of digital footprints would result in lessened consumer data that marketers can gather to identify their target segments. They would find it challenging to map out their key demographics. Test ads and consumer behaviour prediction would also become difficult. However, Cryptocurrencies can allow consumers to carry out transactions that would enable customers to purchase products and services in a secure and anonymous environment. Although this might seem like great news for the consumers, it can spell serious challenges for marketers. With the digital currency gaining momentum in the coming years, the impact of cryptocurrencies on digital marketing would become more pronounced and tangible.
Obtaining Consumer Data Might Become Expensive
As information ceases to reach marketers from all corners, they could be forced to approach the source for the details they need. Naturally, this would result in consumers demand to compensate them for the information that they provide. Paying consumers directly in lieu of their data can be a reasonable strategy. However, this could also be a touch expensive. This can have a significant impact on social media platforms like Instagram and Facebook. If marketers begin to pay the users directly for data, the revenue stream of social media platforms might be disrupted.
If you follow updated crypto news, you might have come across crypto-driven social channels like Steem and Earn.com. These sites have popped up to let marketers engage with hundreds and thousands of users. Through their involvement on such networks, they purchase all the details they need from consumers. These platforms can present a potential solution, but consumers might prefer a nontrivial amount of money for their data. However, on the upside, one can argue that people who provide a company with their information can also be their likely customers.
There is a lack of clarity regarding the role that cryptocurrency can play in the future of digital marketing. The influence of social media on digital currencies and the impact of cryptocurrencies on digital marketing can be flipped upside down to pave the way for new crypto-oriented social media platforms. However, this would also mean that digital marketers would have to shell out extra bucks on consumer research. Without that, the success of their advertising would hang by a thread. Consequently, it would place the power back into the hands of the consumers and give another twist to the adoption of cryptocurrencies. But in every case, the outcome will be fruitful for everyone.
Till a year ago, crypto prices were skyrocketing, and Bitcoin was trading at $20,000. A year down the line and the crypto market is in a constant state of decline. However, the good news is that cryptocurrency arbitrage offers an easy way to earn money despite the testing times that we see today. In this article, we shall present a step-by-step guide to making money on arbitrage with cryptocurrencies.
What is Arbitrage?
It is the simultaneous sale and purchase of assets to profits from imbalances in their prices. It is a kind of trade that gains by leveraging the differences in the rates of identical or similar financial instruments in different markets. Here is a step-by-step guide to help you earn money on arbitrage with cryptocurrencies.
- Find opportunities within the exchange or between exchanges to earn money.
- Decide whether you want to buy or not by doing the following-
- Estimating the wallet fees required for the transaction.
- Accounting for the risks like time required for transaction and market volatility.
- Estimating the amount of taxes.
Finding Opportunities for Arbitrage
There is an opportunity for arbitrage when you can buy something instantaneously for a low price and sell it for a higher price. There are mainly two types of cryptocurrency arbitrage, i.e., arbitrage within an exchange and arbitrage between exchanges.
Arbitrage Between Exchanges
This is the most common type of arbitrage because it has a lot of similarities to sports arbitrage or fiat currency arbitrage. The idea is to benefit from the price differences that exist for the same coin on different exchanges. You can do so by registering on multiple exchanges of your choice. You should deposit fiat one of these exchanges and purchase a cryptocurrency. You can later transfer this cryptocurrency to another exchange, sell it, and withdraw the profit.
Arbitrage Within An Exchange
Altcoin arbitrage within an exchange is almost the same as triangular arbitrage or cross-currency arbitrage. You can begin by registering and depositing some amount of fiat on an exchange. You can purchase cryptocurrency A and later sell it to buy cryptocurrency B. You can repeat this and eventually sell cryptocurrency B for fiat. You can also substitute fiat with another crypto and repeat the procedure multiple times with different cryptocurrencies. Ultimately, it won’t remain a triangular arbitrage but become a polygonal arbitrage.
If you have finally identified an arbitrage opportunity and know the profit that you will make, it’s time to figure in the fees that you will have to pay. There are three main sources of fees at exchanges. The first fee will be levied on the deposit or withdrawal of fiat. The second fee is the transaction fee, the rate of which depends on the exchange that you have chosen. The third fee is charged for the deposit and withdrawal of cryptocurrency.
Minimizing the Fees
You can use the following tricks to minimize the fee required for cryptocurrency arbitrage trading.
- Match your transaction to ensure the immediate execution of your order.
- Use exchanges that charge little to no fee for crypto withdrawal.
- Use wire transfer instead of a direct deposit or credit card.
- Use exchanges that have a deposit account.
Cryptocurrency arbitrage is full of risks. Some of the most prominent ones have been mentioned below.
Hacking risk: Hacking risks have accounted for millions of stolen Bitcoins. You can mitigate this by spreading your funds across various exchanges. Also, keep the amount that is indispensable to your needs in the cold storage.
Execution risk: This happens because of market volatility or a fast-moving market. You must perform at least two transactions, which should be immediately executed. However, the fast-moving prices might result in your order getting stuck at the exchange, and you might also have to pay a taker fee. You can mitigate this risk by using a bot that trades for you.
Movement risks: Most exchanges require a few days to validate the deposit and withdrawal. This would also include issues of wallet maintenance and a down network. To mitigate this issue, you can use well-known exchanges with large trading volumes.
Price decline risks: The trading funds will decline with a higher percentage than profit from arbitrage. You can use margin trading to deal with this issue, but that would cost you more.
It is natural to forget that you need to calculate taxes on your crypto assets once a year, in the adrenaline rush of investment and trading. Crypto taxation is a complex subject as the tax laws vary from one country to another. The tax laws also differ for an individual and a legal entity. Taxation can be as simple and straightforward as in the Netherlands, where authorities consider cryptocurrencies as a capital. Therefore, taxes are only calculated on cryptocurrencies once a year on a fixed date, i.e 1st January. On the contrary, in the US, where cryptocurrencies are considered assets, taxes have to be paid on every transaction.
Finding the right arbitrage opportunity and figuring in the fees, taxes, and risks are the most critical things in cryptocurrency arbitrage. I believe that you would need several arbitrage transactions to cover your deposit, withdrawal fees, and taxes. If you take all these factors into account, your chances of succeeding at crypto arbitrage increase manifold.
Initial Coin Offerings or ICOs, as they are better called, raised about $14 billion in 2017 and 2018. ICOs laid the foundation for a new model of fundraising on the blockchain network. They promised to revolutionize the way investments were made to decentralized cryptocurrency projects, slowly bringing an end to the reliance of project developers on traditional forces such as venture capitalists and investment banks. However, since then, it has all been a tale of the rise and fall of ICOs.
There were a few governmental and regulatory checks on ICOs, which never allowed them to run above board. The restrictions placed on some of these past ICOs meant that they could never take off. That’s why in 2019, we are seeing a lesser number of projects raising money through ICOs. However, this doesn’t necessarily mean that the road for ICOs has hit a dead end. They are evolving, which is best manifested through the emergence of initial exchange offerings (IEOs) and security token offerings (STOs).
What is an ICO?
ICO stands for initial coin offering and is a method through which funds are raised in a project in exchange for a token, cryptocurrency, or another digital asset. Both the project’s native blockchain or a third-party chain supporting tokens can host these assets. The ICO is similar to an initial public offering or IPO in some ways. In an IPO, the company arranges funds by selling its stock shares in the market. IPOs are heavily regulated and happen only if the company has an established source of revenues. However, unlike heavily guarded IPOs, which are highly regulated, developers use ICOs to arrange investments for projects that are still in their infancy- even before their product becomes functional.
The limited regulatory scrutiny that ICOs received initially attracted both legitimate projects that sought to raise funds, as well as unsavory projects which are reported to have siphoned off with nearly $3.1 of investments. The undue attention they received from scammers wrote the script for the rise and fall of ICOs.
Reasons for ICO’s Decline
The meteoric rise of ICOs in late 2017 and early 2018 quickly waned away as the euphoria began to diminish. ICOs raised $6.2 billion in 2017 and another $7.8 billion in 2018. Ever since, the interest in ICOs has been dwindling. Such has been the effect of this mistrust that ICOs raised merely $346 million in the first half of 2019.
A part of this decline was that the technology failed to live up to the hype created around it. In 2017, ICOs promised everything from prediction markets on the blockchain to decentralized file sharing. They also raised large sums of money to build this infrastructure. Two years down the line and only a few of these projects have launched, and an even smaller number of them have achieved large-scale adoption. Also, the limited regulation around ICOs discouraged many from investing in them. Research has shown that a majority of projects in initial coin offering listing were fraudulent.
However, two new forms of ICOs have emerged lately, namely initial exchange offerings (IEOs) and security token offerings (STOs). Their popularity has increased significantly ever since the interest in ICOs began to wane. Let’s see how they solve some of the problems that the ICO was grappling with.
Initial Exchange Offerings (IEOs)
The main difference between ICO and IEO is that IEO is hosted on a specific crypto exchange where the users of the exchange can directly invest in the project and buy tokens after they are launched. Between January to May 2019, IEOs raised over $1.4 billion in investments. The growing popularity of IEOs has led to a renewed interest in token offerings. For instance, the BitTorrent IEO achieved its hard cap of $7.2 million worth of tokens in just 15 minutes after the IEO launch. The credibility of the IEO Listing plays a critical role in fostering trust in IEOs.
Security Token Offerings (STOs)
An STO is a fundraising mechanism in which a digital token represents a form of an investment contract, such as a bond, stock, or real estate contract. Unlike the ICOs, many of which were exempted from the U.S. securities laws, STOs consciously raise funds for tokenized securities. It means that they must comply with U.S. securities laws if they wish to accept U.S. offers. Due to this regulatory criterion, STOs have lagged behind both ICOs and IEOs in raising funds over the past year. However, various records show that while funds raised by STOs are increasing with each quarter, fundraising through ICO is declining.
Both IEOs and STOs have managed to address some of the inherent problems within the initial coin offering model. However, some issues remain, which can be fixed through ICOs. If the perpetual story of the rise and fall of ICOs can somehow be plugged, we can expect better fundraising mechanisms than today in the coming days.
The trend of blockchain platforms is growing across the world very fast. More and more startups are entering into the blockchain business. Blockchain is influencing many-core industries. These industries have various goals and objectives. Although some of the Blockchain startups are scams, others are tremendously successful. This lures the investors for the best blockchain and crypto startups in 2020. All of these startups are still fruitful for investors.
Blockchain technology has become popular these days because it uses the concept of cryptography which makes it very safe for transactions. Today, the world is facing the problem of data privacy and leakage. Blockchain has come up with a great solution. This blockchain technology’s feature has made it useful for industries like healthcare, travelling etc. According to blockchain advisors, about 10% of the companies will get affected through blockchain technology, making it essential for them to know blockchain startups to know for the future.
List Of Best Blockchain And Crypto Startups
Cryptoknowmics was founded in 2019 and has emerged as one of the best blockchain and crypto startups. Cryptoknowmics is an online news media portal that covers various aspects of the blockchain and crypto space and shares with its users all the developments in these fields in real-time. It dishes out daily updates on ICOs, IEOs, crypto events, airdrops, and bounties, thereby playing a crucial role in spreading awareness about cryptocurrencies. Also, it has launched several other media portals such as the Crypto Blog and Crypto Forum, which incentivize the users in the form of rewards for participating in their weekly contests.
This company was founded in Norway in the year 2018. Their project is a peer-to-peer mobile lending network combining augmented reality, social networking, and gamification for adults. It aims to resolve poverty problems and encourage the young generation to support each other by sharing money across the world. Furthermore, the company also educates adults on how to better manage their funds.
FieldCoin was founded in London. It’s a blockchain platform connecting landowners with crowdfunding investors, helping them with faster and cheaper transactions doing the project to be the first decentralized land property management marketplace. Moreover, it is also useful for agricultural crowdfunding projects.
This company was also founded in London in the year 2018. It is a decentralized platform that provides legal services to corporations that are using cryptocurrencies. The company also advises crypto and ICOs.
Authenteq is unique as it provides a cheap method for verifying users’ id without entering any data, which will improve the privacy issue. The company was founded in Berlin. It has a record of creating verification in a single minute, making it the fastest solution for verification in the market.
Deblock was founded in Korea. This startup uses a blockchain that provides transparent, protected, and decentralized pre-Initial Coin Offerings. Deblock will also plan to start huge investments in blockchain-related projects.
It was founded in Talin in the year 2016. It combines IoT with blockchain technology created for food and pharmaceutical firms. The company also provides a safe and efficient connection between sensors, distributed ledgers, and database for quality assurance optimization and supply chain visibility.
This startup was founded in Portugal and is the first-ever platform for fish trading using the blockchain technology. Furthermore, as soon as the catch gets registered, the platform allows the immediate purchase of that fish. Bitcliq also provides traceability from catching location to the buyer. This enables the connection between the fisherman and the buyer.
Colendi is a Zug based company providing a democratized credit scoring evaluation method using blockchain technology, giving users ID that acts as a financial passport across the globe. Also, its goal is to provide greater access to micro-financing to those people who don’t have access to banks.
In summary, we saw how the demand of blockchain technology is increasing as cryptocurrencies are influencing today’s market. The technology uses the concept of cryptography, making it a secure digital platform for transactions. The blockchain technology industry is booming according to genuine crypto news and investors are always in the look for the best blockchain and crypto startups to put their money on. Startups like LegalNodes and FieldCoin are providing their services on legal matters and agriculture, respectively. Finally, we can say that blockchain technology will provide a secure way of payment through cryptocurrencies.
There is high volatility in the cryptocurrency market. While it peaked at over $800 billion during the start of 2018, it plummeted to less than $140 billion by the end of the year. According to CoinMarketCap, there are around 2400 cryptocurrencies doing the rounds in the global market today. A number of industries in including the adult entertainment industry have embraced crypto payments. This new niche has triggered various crypto-for-projects. However, these weren’t the reasons why crypto was envisaged. This article would throw light on why cryptocurrencies matter and how they can play a more significant role in creating a society of the future.
Why Cryptocurrencies haven’t achieved much Success
In 2016, Don Tapscott predicted on TED Talk that the blockchain technology would completely transform the finance sector in many ways. It included the way money transfers were processed, remittances were carried out, and valid claims to land were established. Although blockchain has created huge ripples, one must remember that its peak market cap stood at almost $1 trillion. Thus, it shows that crypto has remained restricted as mostly a speculative venture, without having made any real impact.
Although the average transaction fee for Bitcoin is about half a dollar, the average remittance fee was almost 7%. With hundreds and thousands of people out of the banking network, one can’t stress enough why cryptocurrencies matter. If one were to carry out a thorough blockchain analysis, they would find that although there is a long way to go, they can’t give up on the blockchain dream just yet.
Boosting Crypto’s Adoption
Even the best of technologies are useless without adoption as they would be like an unused tool. The state of regulations acts as the most critical impediment to blockchain’s wide-scale adoption. According to blockchain regulation news, Michael Pompeo, the U.S. Secretary of State opined for greater crypto regulation in an interview. He cited the example of 9/11 as one of the reasons why greater crypto regulation was required. This made huge headlines in cryptocurrency regulation news. Although 9/11 happened almost a decade before the birth of cryptocurrencies, there is a need for regulators to come up with a new approach.
The approach should centralize upon changing the public perception of cryptocurrencies. Such an approach is already underway. The United Nations conducted a program called Blockchain for Impact Global Summit and Stanford Research. If projects start fostering a favorable regulatory environment, it would benefit the entire industry. However, as things stand, the strict compliance requirements of many projects create many barriers to the adoption of cryptocurrencies.
A 2004 MIT paper discussed the imbalance in investment money. The claims made in that paper are still amply reflected in the challenges that startups face in many of the developing nations. If cryptocurrencies are adopted on a larger scale, they can offer a potential solution and open up equity investments to the masses. However, there is one limitation- there are no crypto-based equity crowdfunding platforms out there. It means that the legality of the same can’t be ensured.
Until and unless the industry focuses on cryptocurrencies, the perception and actions of regulators won’t see any shift toward crypto coins. This would limit the world from creating solutions that are truly meaningful and that is precisely why cryptocurrencies matter.
As with trading in any market, crypto, stocks, property, hell even Pokémon cards or collectables in general, you need to have a little bit of knowledge about what you’re doing before you dive in feet first. You wouldn’t just jump off a boat into the sea without knowing if sharks frequented those waters, would you? Of course not! Today, we’re going to be taking a quick look at what I would consider the top 5 cryptocurrencies (CCs) for trading, of course, you may be asking yourself “Why would I want to start trading cryptocurrency?” of course this is a question you could ask about any trading market, however before we break down a list we’ll get into why you may want to choose cryptocurrency over any of the other options!
One of the many benefits is that when you’re trading in cryptocurrency in particular, it gives you full control over your money without the need to rely on a bank. We all know how dodgy the entire banking system is right? Having that peace of mind is a solid starting platform for me.
Another positive is that, while some of the more well-known cryptocurrencies like Bitcoin may set you back a pretty penny, at the time of writing this 1 whole bitcoin is worth $16,754.80US, there are many cryptocurrencies around that you can get involved with for as little as $75 US, for example, Litecoin is currently $74.91 US for 1 whole Litecoin, so you’re not stuck by specifics like you would be with property for example, you can dip your toe with $100-250 maybe and see how that goes and work your way up to the big boys in the future. Perhaps my favorite thing though is that there is an ever-growing presence on the internet of retailers allowing you to pay with cryptocurrency, for example, you can use some sportsbooks to trade crypto for cash in betting markets, SportsbookReview has a list of betting sites that allow you to use cryptocurrency and their rating.
Anyway without further ado here’s my list, we’ll break the entries down afterwards.
My Top 5 Crypto Currencies;
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Monero (XMR)
So here we go, we’ll take a look at these guys and why you may want to invest in them.
You were probably expecting to see this name on the list, maybe not at the top, however, BTC has been around for over 10 years at this point and it’s probably the most well known, even people with no interest in the tech world know what bitcoin is, one of the things that make this such a good CC for trading is that it has a rather large market cap and trading volume. With it being so popular it is a solid place to look if you’re just getting into trading CCs. It’s worth mentioning that only so many BTC can ever actually exist, 21 million to be exact, there are sill BTC being mined every day but to this day around 18.5million BTC are available, plenty to go around then, however they’re expecting the very last BTC to be mined somewhere around the year 2140, so there’s still potential to get into mining it, however, that’s a story for another day!
Another big name, ETH is the second-largest platform after BTC, by market cap which is going to put it up there as one of the top CCs to get into trading, there isn’t an upper limit supply on ETH, however, compared to BTC, so it tends to get a lot of people interested based on that.
ETH has been around since 2015, in 2016 it split into ETH and Ethereum Classic (ETC) so it’s wise to make sure you pay attention to what you’re doing when trading. Some good news though is that there have been many other uses for ETC outside of just trading, developers have been able to make apps that support the use of ETH through smart contracts allowing it to be used for many things like gaming, voting, and for businesses, etc.
It’s worth mentioning too that Ethereum 2.0 is set to launch in December so it’s something to keep your eyes on.
LTC may not be as well known as the other names above it, but it is still considered one of the top 20 biggest CCs by its market cap, it is basically an alternative or an ‘altcoin’ to BTC. It is still growing to this date even though it was created in 2011. It may be a lot cheaper per coin that BTC however LTC has a supply limit of 84 million, which is many more than BTC, this being one of the cheaper CCs makes it a really solid starting point before you get into the big boys.
Ripple is one of the oldest names in the CC game, it was first released in 2012! Because of the fact it was one of the originals that helped revolutionize CCs as a whole, it’s a rather popular currency to trade. While it isn’t really targeted at people like you and me, with its actual CC cost being so low, it’s something that anybody could invest in and keep a little something sat aside, of course your profits aren’t going to go through the roof but in my opinion, this is arguably one you could look into as a beginner since the risk would be minimal, each token at the time of writing this is only $0.2909 US! Like I said, low risk but it gets you into the game, right?
Monero is an altcoin that was launched in 2014, it’s entire focus was on privacy. Because of this, it is actually known as the “one true privacy coin”. This is because it’s not possible to tell where each transaction came from which to some may seem a little fishy. But others absolutely love this, it’s a nice option to have right? Of course with that privacy, you can guarantee it is used widely on the Dark Web, but it is still a solid CC to trade and again, even though it values is still pretty high it’s not as expensive as the big boys so it’s worth dipping into this market before you commit to something more expensive!
So there we have it, that’s what I would consider my top 5 CCs for trading, there’s profit to be had in all these markets if you can play your cards right and do your research before dipping your toes and in this current economic climate due to COVID-19, it’s always nice to have other options for income, right? What are your thoughts on CCs, have you invested in any? Already made your fortune from being an old school BTC investor?
With the invention of the latest devices, people have gone beyond the creation of the creator. One such example is the Lazer Treatment. Because of many natural or man-created phenomena, our body faces many complications and all those things get reflected on our skin.
Delhi Ranks First in terms of Lazer Treatment
In India, especially in Delhi NCR, women face the utmost difficulties with their skin. Delhi comes in the cage of all the seasons, that is, extreme summers, extreme dry windy season, sometimes excessive rainfall, and also extreme winters. Apart from these, people in Delhi always have to bear the unstoppable pollution that harms every single element of nature, even the food that we eat.
In all, the climatic conditions are not at all favorable for humans to live a healthy and bright life. This is a proven fact that when we are internally healthy then good and healthy skin is the outcome of it. But to artificially maintain good skin, Lazer Treatment is the best option.
What is Lazer Treatment?
Lazer Treatment resurfaces the skin by removing the damaged cells of the skin surface. For better results, this treatment reaches deep to the dermis of the skin to promote the development of healthy skin naturally.
Acne scar treatment in Delhi is very famous because the clinics in Delhi are highly equipped with the latest gadgets and also have skilled skin surgeons and dermatologists. Since every day Delhi faces the maximum number of clients, Lazer treatment foracne scars cost in Delhi is comparatively lower than that of other parts of India.
After Care to keep the results everlasting
Lazer treatment is said to be a treatment with great longevity, but according to many results, it has been seen that people face many side effects of Lazer treatment that can again harm the skin. And also the environment is degrading day by day, so the newly formed skin surface can again get ruined up if proper care is not taken.
Proper skin care regime, prevention from heat exposure, healthy diet and exercise, proper medication are the only ways by which the treatment can show a long-lasting effect.
2020 has been a very unusual year for investing and wealth management overall. No one could have predicted what would have happened at the beginning of the year, after a strong market performance swept the globe in 2019. Unfortunately, the result is that right now, the economy is in a very uncertain and worrisome place. However, that doesn’t mean that you should be ignoring opportunities to prepare for and improve your future. The most important thing you can remember, is that whether you’re looking for the best penny stocks to buy now, or you want to invest in something more long-term, learning how and when to use your money for long term growth is crucial to your financial independence and success.
When to Get Started
The first step in figuring out whether now is a good time for you to begin building a diversified portfolio, is looking at your current financial standing. See where you are right now and ask yourself whether you have enough money in your savings to protect yourself if anything should go wrong. If you lost your job tomorrow, would you be able to pay your bills until you found something to get you back on your feet? It’s also worth considering any debts that you already have in your life. It’s better to pay off these expenses now so that you don’t have to worry about interest draining your available income. If you’ve got those two things sorted and you still have money left over, then you could be in the perfect position to start examining the marketplace for cash-making opportunities.
How to Jump In
If, after a careful consideration of your situation and circumstances, you think now is a good time for you to start experimenting with your money-making opportunities, then the best thing you can do is speak to a professional. There are a lot of different ways to begin building your portfolio. If you’re the kind of person who likes to take active control over their money, then you might like to explore day trading strategies for beginners. On the other hand, if you’re the sort of person who would be more comfortable taking a back seat when someone else handles your accounts for you, then you could work with an advisor to take a more passive approach to investing. Even if you plan on doing a lot of the work yourself, you might find that it’s easier to get started after speaking to a professional about available opportunities.
Take it Slow
Remember, when the time comes to start buying and selling, don’t rush in too fast. As exciting as it can be to see numbers going up and down on the stock exchange, you don’t want to put yourself under more pressure than you can handle or end up spending more money than you can reasonably afford to lose. Usually, it’s a much better option to start small with a little bit of cash and add to your portfolio over time. The more you learn and the more you develop your skills, the better you’re going to feel about your opportunities overall. You’ll be surprised how much you can accomplish with a little bit of patience.