Cryptocurrency’s Rocky Road: China’s ICO Ban

Bitcoin, the most popular cryptocurrency that exists, is now considered one of the most popular investments. But did you know that this has led to many new bitcoin scams? Yes, that is true and unfortunately, you can be a part of it if you know nothing about these scams. This article lets you know about all the types of bitcoin scams that exist.

These are the types of bitcoin scams that exist –

Phishing Scams

Always be on the lookout for phishing scams. Phishing attacks are certainly a favorite among hackers and fraudsters. As part of a phishing attack, a concerned person usually impersonates a service, business or individual simply by email or other text communication, or by hosting a fake and manipulative website that appears to be real. The goal is always to trick the victim into revealing their private advice or sending bitcoin to an address owned by a particular scammer.

Such emails often seem legitimate, but they are false in nature.

Fake exchanges

It is certainly one of the least difficult ways to deceive investors to present itself as a branch of good and legitimate internet marketing business. Well, that’s exactly what fraudsters within the bitcoin discipline are doing.

There are many such exchanges and they presented themselves as a place to exchange and trade bitcoins, but in the end they were fake. Many stock exchanges have thus distracted people from their money simply by presenting themselves as a new respectable and legitimate cryptocurrency exchange.

Fake ICOs

Along with the rise of blockchain-supporting companies, fake ICOs have become popular as a way to support these types of new companies. However, due to the unregulated nature of bitcoin itself, the door is wide open for all kinds of fraudulent activities.

Most ICO fraud has occurred by getting investors to commit to or through fake ICO websites using fake bitcoin wallets or other cryptocurrencies, or by appearing as genuine cryptocurrency-based companies.

Many have already been accused of such embezzlement, so it is better to check such wallets before you really decide to put your money in them.

Huge comeback

If you are in the trading industry, you must have known by now that huge returns are simply not possible when it comes to bitcoin trading, or cryptocurrency trading in general. Therefore, when a broker tries to promise you that your money will be doubled within a certain time frame, then the best option in such cases would be to stay away from such brokers as much as you can. They will simply take your money and run away, leaving you with nothing but sorrow and remorse.

Important: This position should not be considered investment advice. The author focuses on the best coins in terms of actual use and adoption, not from a financial or investment perspective.

In 2017, cryptographic markets set a new standard for easy profit. Almost every piece or chip has made amazing returns. “The rising tide is throwing all the boats,” as they say, and the end of 2017 was a flood. The increase in prices has created a cycle of positive feedback, which is attracting more and more capital to Crypto. Unfortunately, but inevitably, this galloping market leads to huge investments. Money has been thrown indiscriminately into all sorts of dubious projects, many of which will not bear fruit.

In the current bearish environment, hype and greed have been replaced by critical appraisal and prudence. Especially for those who have lost money, marketing promises, endless shillings and charismatic oratorios are no longer enough. Well, the main reasons for buying or keeping coins are again Paramount.

Basic factors in the assessment of cryptocurrency

There are some factors that tend to overcome hype and cost, at least in the long run:

Adoption angle

While cryptocurrency or ICO business plan technology may seem surprising without users, they are just dead projects. It is often forgotten that widespread acceptance is an essential feature of money. In fact, it is estimated that over 90% of the value of Bitcoin is a function of the number of users.

While the acceptance of Fiat is entrusted to the state, the acceptance of cryptography is purely voluntary. Many factors play a role in the decision to accept a coin, but perhaps the most important factor is the likelihood that others will accept the coin.

Security

Decentralization is necessary for the I push model of real cryptocurrency. Without decentralization, we are a little closer to the Ponzi scheme than the real cryptocurrency. Trust in individuals or institutions is a problem – cryptocurrency is trying to solve it.

If the dismantling of the coin or the central controller can change the record of the transaction, it jeopardizes its basic security. The same goes for parts with unverified code that haven’t been thoroughly tested in years. The more you can count on the code to work as described, regardless of human influence, the greater the security of the coin.

Innovation

Valid coins seek to improve their technology, but not at the expense of security. Real technological advancement is rare because it requires a lot of expertise – but also wisdom. While there are always fresh ideas that can be tricked, if that leads to vulnerability or criticism of the original purpose of the coin, it misses the point.

Innovation can be a difficult factor to assess, especially for non-technical users. However, if the currency stagnates or does not receive updates that address important issues, it may be a sign that developers are weak in terms of ideas or motivation.

Incentives

It is easier for the average person to understand the economic incentives inherent in a currency. If the coin had a large pre-mine or the ICO (initial offer) team had a significant share of chips, then it is quite obvious that the main motivation is profit. By buying what the team offers, you play your game and enrich it. Be sure to provide tangible and reliable value in return.

5 cryptocurrencies to buy in 2018

There has never been a better time to re-evaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that I think are worth keeping or perhaps buying at their current depressing prices (which, we warn you, could go lower).

# 1. Bitcoin (due to its decentralization)

Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the broadest assumption, most security (due to the phenomenal energy consumption of Bitcoin mining), the most famous brand identity (forks have tried to be appropriate), and most development Active and rational. It is also the only piece to date represented in traditional markets in the form of Bitcoin futures on the US CME and CBOE.

Bitcoin remains the main engine; The performance of all other parts is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most, if not all, of the other parts will widen.

Bitcoin has several promising innovations in preparation that will soon be installed as additional layers or soft forks. Examples are Flash system (LN), tree, Schnorr signatures Mimblewimbleund much more.

In particular, we plan to open a new range of applications for Bitcoin, because it enables large, microtransactions and instant and secure payments. LN is becoming more stable as users test their various capabilities with real Bitcoin. As it becomes easier to use, it can be assumed that it has great benefits from adopting Bitcoin.

# 2. Litecoin (because of its consistency)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has the technology of Bitcoin anonymity, incredible reports have shown that the adoption of Litecoin in dark markets is now the second, only bitcoin. Although the currency I have is much more suitable for acquiring illegal goods and services, it may be presented as a result of the longevity of Litecoin: it was launched in late 2011.

Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which means that Litecoin is ready for LN. Litecoin can benefit from the exchange of atomic chains. In other words, secure peer-to-peer currency trading without the involvement of third parties (i.e. exchange). Because Litecoin keeps its code largely in sync with Bitcoin, it is well positioned to benefit from Bitcoin’s technical advances.

# 3. Ethereum (due to intelligent contracts)

Ethereum (ETH) is currently having some major problems. First of all, governments are shooting at ICOs, and rightly so: many have turned out to be either fake or bankrupt. Since most icos run on the Ethereum network as an ERC token 20, ICO mania has brought great value to Ethereum in recent years. If appropriate investor protection rules are in place, scams in Ethereum projects may require some legitimacy as a platform for crowdfunding.

Another major problem facing Ethereum is the delayed transition to a new hybrid performance and battery detection system. Ethereum’s mining GPU is currently profitable, but Bitmain has just announced Ethereum ASIC minor, which is likely to have an impact on the lower lines of GPU miners. It remains to be seen whether this will change prisoners of war and how successful it will be.

If Ethereum can survive these two main problems – regulation and mining – it will show great resilience. By the way, there are several competing currencies that follow its shadows, such as Ethereum Classic (etc.), Cardano (ADA) and EOS.

# 4. Monero (due to his anonymity)

While its adoption in the dark markets is not all that could be expected, I (XMR) remains the prime minister’s privacy. Its reputation and market capitalization are still above those of its rivals – and with good reason.

Monero’s code required less self-confidence than Zcash’s “loyal” key ceremony, and he had an honest start, unlike Dash. The fact that Monero recently changed its Pow to defeat the development of a small ASIC for its algorithm confirms the commitment of part of the decentralization of mining. The significant drop in the hash rate is due to the new version, which is constantly reported against ASIC. This could also be an opportunity for GPUs and even smaller processors to contact me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow along sensitive lines.

# 5. iPRONTO (decentralized incubation platform)

iPRONTO is an Ethereum incubation platform chain dedicated to investors looking for a secure and reliable platform to invest in new ideas and future innovators who can present their ideas and get opinions from users, experts in the field of practice and implementation of derived ideas.

The ideas of the innovators are supported because the NES in Smart Contract format will be signed between the expert platform and the customer if the client’s business idea is sent to the Commission for testing and registration on the platform. The idea will not be published for all users on the public platform of the chain, but only for selected members of the target community who are willing to sign a Smart contract in order to maintain the confidentiality of the idea.

If you are looking for a good alternative to cash and credit cards, you can try cryptocurrency. Today, this currency is quite popular around the world. Many companies now accept cryptocurrency payments just like regular currencies. Bitcoin is one of the most popular cryptocurrencies, which is why a large number of people invest money in bitcoin. Powered by Blockchain, you can perform transactions without any security risks. In this article, we will discuss some of the most prominent advantages of cryptocurrency.

Simple transactions

If you often deal with legal representatives and brokers, you know that they charge large fees for each transaction. In addition, you have to pay a lot of paperwork, commissions and brokerage services.

On the other hand, if you use cryptocurrency, you can eliminate all intermediaries. You will use a secure network to carry out all your transactions. Each transaction is transparent and does not involve large transaction fees.

Asset Transfers

It is easy to transfer ownership of a cryptocurrency from one person to another. Blockchain is behind all ecosystems. Therefore, you can conduct all your transactions in a secure and secure environment.

The good thing about cryptocurrency is that it allows you to add third party approval for future payments. If you have this currency, you can easily transfer funds without any problems.

Confidential transactions

In the case of cash or credit, there is a record of each transaction. These records are also kept in the bank where you have your account. Whenever you make a transaction, your bank keeps a record of it. Even if you are a business owner, your bank knows how much money you have in your bank account. This is not good from a privacy standpoint.

The beauty of cryptocurrencies is that every transaction is unique. Every deal includes negotiation terms. There is a push concept that provides a basis for sharing information. Nothing will be revealed to the recipient except what you allow. So you will have complete privacy and identity protection.

Low transaction fee

If you check your bank statement, you will be surprised to see that the bank has charged you a fee for every transaction you have made so far. If you do a lot of transactions every day, the total amount of bank fees will be quite high.

On the other hand, transaction fees in the case of cryptocurrency are very low. However, if you hire a third party to maintain your crypto wallet, you may have to pay for this service. However, these fees are far less compared to the fees charged by conventional banks.

Peace of mind

You can use the internet to transfer cryptocurrency with complete peace of mind. In fact, anyone can use this service as long as they have internet access. All you need to do is have a basic understanding of the cryptocurrency network. In short, these are just some of the primary benefits of using cryptocurrency.

Are you thinking about starting in the world of crypto trading? If so, make sure you avoid the most common mistakes. You will be better than most crypto merchants by avoiding these mistakes. Interestingly, almost every trader makes these mistakes without even realizing it. Without further ado, let’s check out those common mistakes. Read on to find out more.

1. Emotional decision making

Beginners tend to trade emotionally. But the thing is, trading has nothing to do with your emotions. In fact, if you make decisions based on your emotions, you will be on the path to failure.

2. Buy high and sell low

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

3. Sell all at once

Due to the two mistakes mentioned above, beginners buy or sell their Bitcoins at once instead of buying and selling them gradually in small quantities. If you ask an experienced trader, he will ask you to sell 20% of your Bitcoin after 50% profit. But the problem is that new retailers are too willing to sell. So they don’t have the money to buy dips. Some of them sell all their Bitcoins at once.

4. Buying the wrong currency

The new store buys cryptocurrencies that make tons of promises using big words. But they do not know that these currencies do not provide any technical innovations, such as Litecoin, NEO, Tron and EOS, to name a few. The problem is that they are fairly centralized blockchains. So you may want to avoid them.

5. Putting eggs in too many baskets

Due to a previous mistake, beginners tend to invest in many cryptocurrencies. This is not a good idea because it can make it harder for you to make money. Ideally, you may want to invest in 3 to 4 coins. In the world of cryptocurrency, you can’t afford to put all your eggs in tons of baskets.

6. Putting all the eggs in one basket

Another common mistake is to put all the eggs in the same basket. Ideally, you should have a well-diversified portfolio. In addition, you may not want to deposit all your cryptocurrencies in the same wallet or exchange office. What you need to do is use at least three wallets. This will help protect your investment.

In short, these are just some of the common mistakes that new cryptocurrency traders make. If you follow these steps, you are less likely to make these mistakes. As a result, your investment will be secure and you are more likely to make a profit instead of suffering a loss. We hope that these tips will help you start as a new trader and make a big profit.

Today, you can invest in cryptocurrencies quickly and easily. You have the freedom to invest with the help of an online broker, but you can’t say for sure if this is a safe endeavor. There are many risks and pitfalls you must face if you are considering entering this area. However, you don’t have to become a master in the world of informatics or finance to get started. What this means is that you need to make an informed decision. In this article, we will talk about some common mistakes that most cryptocurrency investors make. Read on to find out more.

1: You buy the wrong coins

If you have decided to buy Bitcoin, you must be careful. There are different types of Bitcoin, such as Bitcoin Private, Bitcoin SV, Bitcoin Gold and Bitcoin Cash. In other words, there are a number of outgrowths that you need to look out for.

While these are not bad or scams, be sure to know what you are buying. Even if you buy the wrong coin, you can still sell it and look for the right one.

2: You’re not for Wild Ride

If you want to enter the world of cryptocurrencies, you must have nerves of steel to face instability. Unlike the traditional world of finance, cryptocurrency has extreme volatility, says Theresa Morison, a certified financial planner in Arizona.

According to her, as a new investor, you should initially invest a small amount, for example $ 100 a month, and then forget about it. If you watch the market every day, it will drive you crazy.

In addition, just because you are a beginner, you may want to stick to 2 to 3 cryptocurrencies that are familiar to you. Ideally, you can first consider established coins such as Bitcoin and Ethereum.

3: Do not check the address again

Many cryptocurrency traders lose their coins just because they do not check the address. Unlike a conventional bank transfer, you can’t just cancel a transaction. So, you have to be very careful when performing this type of transaction using cryptocurrency. If you are not careful enough, you can lose thousands of dollars per second.

4: You have lost access to your wallet

Although there is a limited number of 21 million Bitcoins, a whole number of Bitcoins are not being created. The reason is that many coin owners have lost access to their wallets due to forgotten passwords.

According to a Chainanalysis report, 1 in 5 Bitcoins mined so far is not available due to a lost password. So make sure you store your password in a safe place before you start reading.

In short, we suggest that you avoid these four most common mistakes if you want to become successful in the world of cryptocurrency trading. We hope these tips will help you be confident and succeed as a trader or investor.

Bitcoin was a popular word in the financial space. In fact, Bitcoin has exploded on the scene in recent years and many people and many large companies are now jumping on bitcoin or cryptocurrency wanting part of the action.

People who are completely new to the cryptocurrency space are constantly asking this question; “What exactly is Bitcoin?”

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

Why is Bitcoin so important?

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

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

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

If I use Bitcoin, I can easily do so from my wallet or mobile phone or computer right now without any of these fees. If I wanted to send gold and silver, for example, it would require a lot of guards, it would take a lot of time and a lot of money to move the levers from point to point. Bitcoin can do it again with the touch of a finger.

Why do people want to use Bitcoin?

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

We’ve even seen big companies show interest in blockchain technology. A few weeks ago, a poll came out on a handful of Amazon customers to see if they would be interested in using cryptocurrency if Amazon created it. The results showed that many were very interested. Starbucks has even hinted at using the mobile blockchain app. Walmart has even applied for a patent for a “smart package” that will use blockchain technology to track and authenticate the package.

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

In recent years, cryptocurrency has been a hot topic around the world. Most people are now familiar with cryptocurrencies, especially Bitcoin. In fact, Bitcoin is at the top of the list of cryptocurrencies. If you have no idea why cryptocurrency is growing in popularity around the world, you are on the right page. In this article, we will discuss 5 reasons why this new type of currency is so popular. Read on to find out more.

1. Low transaction fees

The low transaction fee is one of the primary reasons why the value of cryptocurrencies has risen in recent years. No matter what type of conventional payment method you use, you will have to pay a large transaction fee.

On the other hand, if you opt for cryptocurrency for payment, you will have to pay minimum transaction fees. It therefore makes sense to use this new form of currency to pay online for the desired products and services.

2. No government regulations

Another strong reason why many people trust cryptocurrencies is that they are not regulated by any government. Thus, the value of the currency remains stable regardless of the government of a particular country.

Also, some investors want to protect their wealth, which is why they invest in cryptocurrencies. In other words, cryptocurrencies are much more secure than conventional currencies, which makes them quite attractive here and now.

3. Great profit potential

Another great reason why cryptocurrencies are an ideal choice is that they offer great potential for profit. If you buy Bitcoin when prices are low, you can make a big profit the moment the value of Bitcoin rises again.

Investors have made a lot of money over the past few years. So, the potential exists if you are interested in investing money in the desired cryptocurrency.

4. Easier to use

Over time, it has become easier to use cryptocurrency. The reason is that many online companies are starting to accept payments through this type of currency. In the near future, almost every company will accept payments through popular cryptocurrencies.

As more people start using cryptocurrency around the world, it will be even easier to buy currency and make their payments online.

5. General security

Your money and identity are of the utmost importance. Today, cyber security is one of the biggest problems you can face. Thus, using cryptocurrency to pay online is much more secure than conventional payment methods.

So, if you are worried about paying online, we suggest you try cryptocurrency. In other words, security is another big reason why people use cryptocurrencies.

In short, here are 5 reasons why cryptocurrency is so popular around the world. All you need to do is make sure you opt for one of the best cryptocurrencies. It is not a good idea to put your hard-earned money into a currency that has no potential for growth.