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Investing through ULIP

Last month, a friend of mine, who was a young software engineer in his early 30s, decided to start investing. I thought that all my lectures to him on the complex effect and early investment benefits paid off. But fate forced him to go to a private bank to open an FD and return home with a ULIP policy.
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Realizing this fact, I conducted further investigation and found that all agents of Indian private banks discouraged their prospects of buying fixed deposits and persuaded them to go for ULIP. In addition, they claim that this is a three-year investment with free insurance of — amount and guaranteed return on donation. This month, even after all the battles between SEBI and IRDA, nothing has changed in this business. Banking agents are still singing about ULIP’s USP as an investment proposal.
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Here’s what these agents won’t tell you:

• ULIP is not an investment, but an insurance plan combined with several market advantages.

• ULIP is a very focused tool for very specific needs, it should not be treated as a high return alternative to bank funds. In fact, it is not even an investment instrument.

• There are no safe returns to ULIP.

• This is much more risky than the underlying investment, because even if the underlying investment gives a negative return, banks still deduct all administrative fees.

• Combining the above fact with the current period of delay, the return of many investors reached -100%, ie. their policy became void.

• Most of the ULIP premium paid in the first three years is spent on administrative costs such as agent fees, fund manager fees, insurance premiums and other fixed costs. As the agent cannot receive any commission after these three years, they claim that ULIP is for a fixed period of three years.

So, ULIP is NOT suitable for you if:

• You are at a very early stage in your career and do not have many financial burdens

• You already have a good insurance plan either individually or through your employer

• Your only need is a good return on hard-earned money

• You do not want to link your investments to market risk

• You have the time and understanding to invest in the stock markets and make money

• Your investment needs are less than 10 years

• You have some huge and predictable costs over the next three to five years

Unfortunately, my friend was hit through most of the above points, as he is 25 years old, works for an MNC offering insurance benefits and will get married in the next 2-3 years. In fact, most people are hit at at least one of the above points. ULIP is neither a good investment instrument nor an effective insurance policy, as it cannot match the returns of other market-based instruments, nor can it be as universal as modern insurance coverage. It is designed to deceive innocent customers.

-PS author is part of the Indian stock picking community and can be reached at sunny@moneyvidya.com or http://www.moneyvidya.com

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The crypto show of the Wild West continues

Here’s a frequently asked question: How do I choose which cryptocurrency to invest in – aren’t they all the same?
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There is no doubt that bitcoin has captured the lion’s share of the cryptocurrency (CC) market and this is largely due to its FAME. This phenomenon is very similar to what happens in national politics around the world, where the candidate takes the majority of votes on the basis of FAME, rather than proven abilities or qualifications to run a nation. Bitcoin is a pioneer in this market space and continues to collect almost all titles on the market.
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This FAME does not mean that it is perfect for work and it is quite well known that Bitcoin has limitations and problems that need to be solved, but in the world of Bitcoin there is disagreement about how best to solve the problems. As problems arise, there is a constant opportunity for developers to initiate new coins that relate to certain situations, and thus to differentiate themselves from approximately 1,300 other coins in this market space. Let’s look at two rivals of Bitcoin and explore how they differ from Bitcoin and each other:
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Ethereum (ETH) – The Ethereum coin is known as ETHER. The main difference from bitcoin is that Ethereum uses “smart contracts”, which are objects for holding accounts in the Ethereum blockchain. Smart contracts are defined by their creators and they can interact with other contracts, make decisions, store data and send ETHER to others. The performance and services they offer are provided by the Ethereum network, all of which goes beyond what bitcoin or any other blockchain network can do. Smart contracts can act as your stand-alone agent, following your instructions and rules for spending currency and initiating other transactions on the Ethereum network.
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Ripple (XRP) – This coin and the Ripple network also have unique features that make it much more than just a digital currency like Bitcoin. Ripple has developed the Ripple Transaction Protocol (RTXP), a powerful financial instrument that allows Ripple exchanges to transfer funds quickly and efficiently. The basic idea is to put money in “gateways”, where only those who know the password can unlock the funds. For financial institutions, this opens up huge opportunities, as it simplifies cross-border payments, reduces costs and provides transparency and security. All this is done with creative and intelligent use of blockchain technology.
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The mainstream media cover this news market almost every day, but their stories are a bit in-depth … they’re mostly just dramatic headlines.

The show of the Wild West continues …

The selected crypto / blockchain 5 shares increase on average 109% from 11/17 December. Wild swings continue with daily tours. Yesterday we had South Korea and China at the latest, which tried to bring down the boom in cryptocurrencies.
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On Thursday, South Korean Justice Minister Park Sang-ki sent global bitcoin prices to temporarily collapse and virtual coin markets to be in turmoil as regulators reportedly are preparing legislation to ban cryptocurrency trading. Later that day, the South Korean Ministry of Strategy and Finance, one of the main member agencies of the South Korean government’s cryptocurrency regulation working group, came out and said that their department he does not agree with the premature statement of the Ministry of Justice on a potential ban on trading in cryptocurrencies.
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Although the South Korean government says cryptocurrency trading is nothing more than gambling and they are worried that the industry will leave many citizens in the poor house, their real concern is the loss of tax revenue. This is the same concern that every government has.
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China has become one of the world’s largest sources of cryptocurrency mining, but it is now rumored that the government is involved in regulating the electricity used by mining computers. Over 80% of electricity for bitcoin mining today comes from China. Excluding miners, the government would make it difficult for bitcoin users to verify transactions. Mining operations will be relocated, but China is particularly attractive due to very low electricity and land costs. If China addresses this threat, there will be a temporary loss of mining capacity, which would lead to Bitcoin users seeing longer timers and higher transaction verification costs.
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This wild ride will continue and very much like an internet boom, we will see some big winners and eventually some big losers. Also, like the internet boom or the uranium boom, those who enter early will thrive, while mass investors always show up at the end, buying on top.

Stay on the line!

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What is bitcoin and why is cryptocurrency so popular?

Bitcoin was the voice in the financial space. As a matter of fact, Bitcoin has exploded on the scene in the last few years and many people and many large companies are now jumping on bitcoin or cryptocurrency wanting some action.
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People are completely new to the cryptocurrency space constantly asking this question; What exactly is bitcoin?

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

Bitcoin is not susceptible to things like government control and fluctuations in foreign currencies. Bitcoin is supported by the full faith of (you) the individual and is strictly equal.
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This means that everyone completes transactions with bitcoin, the first thing they realize is that it is much cheaper to use than to try to send money from bank to bank or use any other services that require sending and receiving money internationally.
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For example, if I wanted to send money, say China or Japan, I would have to pay a bank fee and it would take hours or even days for that fee to get there.
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If I use bitcoin, I can do it easily from my wallet or mobile phone or computer instantly, 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 bars from point to point. Bitcoin can do it again with the touch of a finger.
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Why do people want to use bitcoin?

The main reason is because bitcoin is the answer to these destabilized governments and situations where money is no longer as valuable as it used to be. The money we have now; the fiat paper currency that is in our wallets is not worth it and in a year it will cost even less.
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We have even seen large companies interested in blockchain technology. A few weeks ago, a survey was conducted among a handful of Amazon customers, whether they would be interested in using a cryptocurrency if Amazon created it. The results of this showed that many are very interested. Starbucks even hinted at using a blockchain mobile app. Walmart has even applied for a “smart package” patent that will use blockchain technology to track and authenticate packages.
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All our lives we have seen a lot of changes happen in the way we shop, in the way we watch movies, in the way we listen to music, read books, buy cars, look for homes, now how we spend money and banking . The cryptocurrency is here to stay. If you haven’t already, it’s time for someone to fully explore the cryptocurrency and learn how to take full advantage of this trend, which will continue to thrive over time.
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What to invest in? Expert answer

Want to know what will give you the best return on investment? Some time ago I was asked to participate in YouTube Live video with a close friend of mine. Matt is an extremely sensible business owner and financial coach. In the past, he will travel throughout the United States, teaching people some unique strategies for reducing debt and increasing cash flow. However, the trip burned him. He moved his education from the stage to the largest educational platform on the Internet, YouTube. His channel took off and has just reached 100,000 subscribers and they are still coming. People like him because he is extremely smart, direct and honest.
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During this YouTube Live video, Matt leads a small team, including me, to answer questions from viewers when they entered. One of the questions we received is an extremely challenging question that we have to answer, but it is so important. “I have money. What can I invest in?”
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I say this is a difficult question to answer because the real answer is; “It depends.” Depends are factors like; your risk tolerance, your time, the amount of investment, the people involved, your knowledge of the vehicle, your horizon and much more. Matt turned to me and I did my best to answer. I said my advice would be to invest in something you are good at. You can make a lot of money in many different vehicles, so work with something you understand and enjoy. I know someone who commits murder in crypto, but I have no chance to invest in it. Then Matt picked up the microphone and blew my answer out of the water. (I wish he had gone first). He said you need to invest in yourself and in the business. Starting a business will generate more income than a passive investment, but the key here is to invest in yourself. The reality is that no investment brings a higher return than investing in you.

I owe a huge amount of my success to the home training courses I took, as well as to the real estate and business coaches I hired. In the beginning, I engaged in two action movies that made a difference in my career.

  1. I spent a minimum of $ 1,000 a year on homeschooling courses. For me it was a lot of money and it was only one course a year!
  2. I wouldn’t buy another book or course until I applied at least one thing I learned from the last book or course I took.

Once I started making money, I started investing more in myself, which included mentors and coaches. I even recently worked with a business coach to help me with Pine Financial. The knowledge I gained by devoting myself to myself has paid me millions of dollars and continues to pay me today.

Although Pine Financial does not coach and does not make money directly from education, we offer a lot of education. With the exception of one event a year, everything we do is free and we don’t stay. Our thought is that if we can help you succeed, we will be successful. The best way to get free information from us is through our new YouTube channel, so be sure to check it out and subscribe. Maybe one day we will get 100,000 subscribers!

5 tips to consider before investing in bitcoin

In 2017, bitcoin grew strongly and people made a lot of money in the process. Even today, bitcoin is one of the most lucrative markets. If you are just a beginner, you may want to do your homework before putting money into bitcoin. Here are 5 expert tips that can help you avoid some common mistakes while trading bitcoins.

1. Learn the basics first

First of all, you may want to learn the basics so you can get a better idea of ​​how to buy and sell bitcoin. You may also want to read reviews of popular bitcoin exchanges to find the best platform.

As with other types of financial investments, you may want to find ways to protect your investment. Make sure your assets are safe from scammers and cyberattacks. After all, security is the most important aspect of any type of investment.

2. Consider market capitalization

It is not a good idea to make this type of decision based solely on the price of the coin. However, the value of the cryptocurrency is valid only if you take into account the existing supply in circulation.

If you want to buy bitcoin, don’t focus too much on the existing value of the currency. Instead, you may want to consider the total market capitalization.

3. Invest in Bitcion instead of Mining Bitcoin

The bitcoin mining industry is growing rapidly. Initially, it was not so difficult to earn bitcoins by breaking cryptographic puzzles. Later, it was possible to extract bitcoin only in special data centers.

These centers are filled with machines designed to extract bitcoins. Today, if you want to build a home mining center, you may have to spend millions. So, it is better to invest in bitcoins.

4. Diversify your investments

New bitcoin investors tend to have a short-lived passion for cryptocurrency. In fact, with Bitcoin you can diversify your investment risk. If you invest wisely in cryptocurrency, you can enjoy the same rewards you make by investing in Forex. All you have to do is put together a solid risk management strategy.

In other words, you may not want to put all your eggs in the same basket. So, you may want to invest in other cryptocurrencies.

5. Set clear goals

Because Bitcoin is a new market, you may find it difficult to figure out the right time to trade your Bitcoin. The value of bitcoin is unstable, which means that you need to have clear goals in terms of profit and loss.

You may not want to make mistakes when making investment decisions based on your emotions. Making smart moves can help you minimize losses and make good progress.

In short, if you are going to invest in bitcoin, we suggest you follow the tips given in this article. This will help you make wise decisions and be safe at the same time. Just make sure you avoid common mistakes when running this business.

Crypto signal services – choosing the best

Crypto trading can be profitable when the trader manages to monitor the market around the clock. However, this is something that can be challenging to do, but fortunately there are cryptocurrency services that can be used to offer the necessary trading assistance. They offer signals so that traders can make the right decisions with their trading at the right time for it. With the so popular cryptocurrency trading, a number of cryptocurrency services have emerged. So how do you choose the best one to offer valuable information to make your trade the most successful?

Quality of service

This is one of the most important factors to consider when choosing services. The trading platform must have an impressive success rate in forecasting and also offer appropriate signals to guide you through trades and market trends. The signals must also be sent immediately so that they coincide with real market activities. Make sure they generate signals as quickly as possible; makes everything different.

Reliability

Remember that you will trust them to guide you in your transactions and therefore you want to choose someone you can fully rely on to make a safe choice. This means that you must choose a provider that is 100% legitimate. The provider who says how they generate the signals is more reliable, whether they are expert traders or automated software. In a world full of scams, you really want to be careful who you choose to work with.

Free trial

One of the best ways you can find out that a provider is genuine is that they offer you a free trial for the services they offer. This is true even when it comes to crypto trading. A provider that offers free alerts for a certain period of time allows you to determine the quality and reliability of the service. By trying before you invest, you enter the services with complete confidence. Legal alerts will have no problem, giving you the freedom to decide to work with them or look elsewhere in case you are not happy with what you receive.

Pricing

Even with a free trial, you will definitely need to subscribe to the services at some point. Avoid providers that offer alerts for free, as they may not be legitimate. However, you should not be deceived to pay huge sums for the subscription. Pricing should be reasonable for the quality of the service you enjoy. Do the math and do a little research to make the right decisions in the end.

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In addition to being available around the clock for your assistance, they should be well informed about the exchange of digital currencies and the application they offer you. Without this type of support, you will still have problems with the value that the services are designed to add to you.

How to trade cryptocurrencies – the basics of investing in digital currencies

Whether it is the very idea of ​​cryptocurrencies or the diversification of their portfolio, people from all walks of life are investing in digital currencies. If you are new to the concept and are wondering what’s going on, here are some basic concepts and considerations for investing in cryptocurrencies.

What cryptocurrencies are available and how to buy them?

With a market capitalization of about $ 278 billion, Bitcoin is the most established cryptocurrency. Ethereum is second with a market capitalization of over $ 74 billion. In addition to these two currencies, there are a number of other options, including Ripple ($ 28B), Litecoin ($ 17B) and MIOTA ($ 13B).

As the first on the market, there are many bitcoin exchanges around the world. BitStamp and Coinbase are two well-known US exchanges. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies along with Bitcoin, then the crypto market is where you will find all digital currencies in one place. Here is a list of exchanges according to their 24-hour trading volume.

What options do I have to keep my money?

Another important consideration is the storage of coins. One option, of course, is to store it on the exchange where you buy them. However, you will have to be careful when choosing an exchange. The popularity of digital currencies has led to the emergence of many new, unknown exchanges everywhere. Take the time to take due care to avoid scammers.

Another option you have with cryptocurrencies is that you can store them yourself. One of the safest options for storing your investment is hardware wallets. Companies like Ledger allow you to store bitcoins and several other digital currencies.

What is the market and how can I learn more about it?

The cryptocurrency market fluctuates a lot. The unstable nature of the market makes it more suitable for long-term play.

There are many well-known news sites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph and Cryptocoin News. In addition to these sites, there are many Twitter accounts that write about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies aim to disrupt the traditional currency and the commodity market. Although these currencies still have a long way to go, the success of bitcoins and Ethereum has proven that there is real interest in the concept. Understanding the basics of cryptocurrency investment will help you go in the right direction.

The stages of market mania

What is mania? It is defined as a mental illness characterized by great excitement, euphoria, delusions and overactivity. When investing, this becomes investment decisions driven by fear and greed, without being mitigated by analysis, cause or balance of risk and reward results. The mania usually runs in parallel with the business development of the product, but sometimes time can be sloping.

The technology boom of the late 1990s and today’s cryptocurrency boom are two examples of how a craze works in real time. These two events will be highlighted with each stage of this article.

The stage of the idea

The first stage of mania starts with a great idea. The idea is not yet known to many people, but the potential for profit is huge. This usually translates as unlimited profit, as “something like this has never been done before.” The Internet was one such case. People using paper systems at the time were skeptical, “How can the Internet replace such a familiar and well-established system?” The backbone of the idea is beginning to take shape. This turns into modems, servers, software and websites needed to turn the idea into something tangible. Investments in the idea stage start weakly and are made by people who are aware. In this case, it could be the dreamers and the people working on the project.

In the world of cryptocurrencies, the same question is asked: How can part of the crypto code replace our monetary system, contract system and payment systems?

Opportunities

The first websites were rough, limited, slow and annoying. Skeptics would look at the words “information superhighway,” which the visionaries spewed, and say, “How can this really be so useful?” The forgotten element here is that ideas start at worst and then develop into something better and better. This sometimes happens due to better technology, larger scale and cheaper costs, better applications for the product in question or more knowledge of the product combined with great marketing. In terms of investment, early adopters are entering, but there is still no euphoria and astronomical return. In some cases, investments have brought decent returns, but not enough to push the masses to jump. This is similar to the slow internet connections in the 90’s, the crashes of websites or incorrect information in search engines. In the world of cryptocurrencies, this is reflected in high coin mining costs, slow transaction times, and hacking or account theft.

Acceleration

It’s starting to get heard that this internet and “.com” are the hottest new thing. Products and tangibility are constructed, but due to the huge scale, the cost and time spent will be huge before everyone uses it. The investment aspect of the equation is beginning to outpace business development as markets give way to business potential with the cost of investment. The euphoria began to take place, but only among early adopters. This is happening in the cryptocurrency world with the explosion of new “altcoins” and the big media that space is receiving.

The euphoria

This stage is dominated by the parabolic return and the potential that the internet offers. You don’t think much about performance or problems, because “the return is huge and I don’t want to miss it.” The words “irrational abundance” and “mania” are beginning to become common as people buy out of utter greed. Insufficient risks and negativism and largely ignored. Symptoms of mania include: Any company that has a name in its name is hot, the analysis is thrown out the window in favor of optics, investment knowledge becomes less and less obvious among new entrants, expectations of a return of 10 or 100 Packages are common and few people actually know how the product works or doesn’t work. This took place in the world of cryptocurrencies with stellar returns from the end of 2017 and incidents with shares of companies that jumped hundreds of percentage points using a “blockchain” in their name. There are also “takeover offers” in which shell companies that are listed but inactive change their names to something involving a blockchain, and the shares are suddenly actively traded.

The accident and the burn

The business scene of the new product is changing, but not as fast as the investment scene. Eventually, a change in thinking occurs and a huge movement begins. Volatility is huge and very “weak hands” and erased from the market. Suddenly, analysis is used again to justify that these companies have no value or are “overvalued.” Fear is spreading and prices are accelerating downwards. Profit-free companies that survive through over-prospects and future prospects are blown away. Detections of fraud and fraud are revealed, which are increasing to take advantage of greed, causing more fear and selling off securities. Businesses that have the money are quietly investing in the new product, but the pace of progress is slowing down because the new product is an ‘ugly word’ unless profits are convincingly demonstrated. This is starting to happen in the world of cryptocurrencies with the folding of credit schemes using cryptocurrencies and higher cases of coin theft. Some of the marginal coins are collapsing in value due to their speculative nature.

Survivors

At this stage, the investment landscape is charred with stories of losses and bad experiences. Meanwhile, the great idea is becoming tangible and for the business that uses it, it is a boom. It begins to be applied in daily activities. The product is beginning to become the standard, and visionaries have been quoted as saying that the “information superhighway” is real. The average consumer notices an improvement in the product and he starts mass acceptance. Businesses that have had a real profit strategy get hit during the disaster and burnout phase, but if they have the cash to survive, they get to the next wave. So far this has not happened in the world of cryptocurrencies. The expected survivors are those who have a tangible business case and corporate support – but it remains to be seen which companies and coins this will be.

The next wave – the business reaches the excitement

At this stage, the new product is standard and the profits become obvious. The business case is now based on profits and scale, not on the idea. A second wave of investment emerges, starting with these survivors and embracing another mania at an early stage. The next stage is characterized by companies for social media, search engines and online shopping, which are derivatives of the original product – the Internet.

The conclusion

Mania works on a pattern that is played in a similar way over time. Once one recognizes the stages and thought process of each, it becomes easier to understand what is happening and investment decisions become clearer.

5 benefits of investing in bitcoin

If you are interested in investing money in bitcoin, we suggest you read the benefits of this currency in this article. According to many studies, bitcoin investors are the most successful investors in the world. For example, the founders of Richard Branson, eBay, PayPal and Yahoo have invested huge sums in this currency. Although your financial success depends on a number of factors, this digital currency is gaining in popularity around the world. Read on to learn more.

Unlike other currencies around the world, cryptocurrencies offer many advantages. Most currencies are prone to a number of challenges that affect value and purchasing power. On the other hand, the good thing about cryptocurrencies is that they do not have so many challenges to face because their purchasing power is not controlled by any authority. Let’s check out some of the benefits of this investment.

Lower risk of inflation

We know that regular currencies are regulated by the governments of their issuers. Sometimes this leads to a large increase or decrease in the value of the currency, as the government tends to continue to print a lot of money. As the value of a currency decreases, its purchasing power also decreases. Therefore, more money is needed to buy the same thing.

So, it works like a tax on the money you already have. Bitcoins have a different system. According to experts, one unit of this currency will be enough to meet the needs of 500 people around the world. This is quite interesting information.

Lower risk of falling

According to investors, this currency comes with a lower falling risk than the usual alternatives. The reason is that it has a global circulation and is not affected by government policies. In other words, even if there is a collapse of the common currency or hyperinflation, bitcoin will not lose its value.

The transactions are quite simple

Another advantage of this currency is that it allows easy, cheap and simple transactions. Since buyers are not allowed to claim their money back after making a purchase, sellers can ship the product without worrying about losing their money.

Portability

Existing major currencies are difficult to carry, especially in large quantities. In addition, it is quite risky to carry millions of dollars to meet your buying needs. On the other hand, Bitcoin offers portability, which means you don’t have to carry a single dollar with you.

No tracking

Cryptocurrencies cannot be traced to the source, which is another advantage of investing in bitcoin. As soon as the seller receives the coins, he will not return to the buyer, no matter what. Therefore, no government can trace the source of funds.

In short, if you want to invest in bitcoins, we suggest you take a look at the benefits explained in this article. This will help you make the best decision to meet your needs. I hope this helps.

As technological advances develop at high temperatures, safety products are required

One of the many goals when cryptocurrency (CC) was first invented was to create a secure digital transaction system. The technology used was Blockchain and it still is. Blockchain systems are designed to keep in mind problems common to online financial systems using older technologies – problems such as account hacking, forged payment certificates and website fraud.

Blockchain itself operates on global record keeping networks (distributed books) that are secure, inexpensive, and reliable. Records for transactions around the world are stored in blockchain networks, and because these records are distributed throughout the user community, the data is inherently resistant to modification. No part of the data can be changed without changing all the other blocks in the network, which would require the secret agreement of most of the entire network – millions of guards. BUT – what if the website looks like it provides you with access to a legitimate cryptocurrency exchange or crypto wallet product, but is it really a website designed to trick you into revealing information? You don’t have Blockchain security at all – you just have another phishing scam and you need to be protected from it all.

MetaCert is a company that claims to be dedicated to protecting Internet users, and its main security product can be used to protect businesses from a number of malicious threats, and now they have a product designed to keep CC enthusiasts safe. . This new product is called “Cryptonite” and is designed to be installed as a browser add-on. Current browsers rely on SSL certificates, which show users a small padlock in the browser’s address bar. Users have been told for years that SSL certificates assure you that a website is authentic – not so fast – phishing sites also use SSL certificates, so users may be misled that a website is legitimate when it is not. Once added to your web browser, Cryptonite will display a shield next to the address bar. This shield will turn from black to green if a website is considered “safe”. MetaCert says it has the world’s most advanced threat intelligence system with the largest databases with classified security URLs.

Staying safe is always a good thing, but more safety products may be needed in the future as technology moves forward at an ever-increasing pace. Quantum Computing (QC) is on the horizon, which shows great promises. QC is advertised by many as one of the greatest technological revolutions in the modern era. Using the power of quantum mechanics, QC machines will be able to take on much more complex tasks and achieve speeds unattainable so far. Traditional computers are based on a binary model, using a system of switches that can be turned on or off, represented by 1 or 0. QCs are different in that their switches can be both in the on and off position, which are called “superpositions”. This ability to be in two simultaneous states is what makes QC so much faster. Google announced more than two years ago that the quantum prototype they own is 100 million times faster than any other computer in their lab. The development of this technology is moving forward at an ever faster pace. The first quantum computer launched on the market was manufactured in 2011 by California-based company D-Wave. The D-Wave machine is equipped with a processor that contains 16 quantum computing units called QUBITS. Since then, industry leaders such as IBM and Microsoft have announced their own quantum programs. This trend will lead to an exponential increase in the number of QUBITS that these new machines can handle over the next few years. While quantum computing has the potential to make significant progress in many areas and to provide innovative solutions to some of the most complex problems, it will certainly generate the need for improved security, as these machines will also have the power to help hackers with their meanness. affairs. Security and safety will always be needed in the cryptocurrency space, as well as in all other online spaces.

Stay on the line!