What Are The Risks of Trading Cryptocurrencies?
Investing in cryptocurrencies carries risks due to market volatility, potential scams, hacking, liquidity issues, and legal compliance considerations. Research and caution are crucial for successful trading.
Bitcoin vs. Stocks: Where Should You Invest?
When searching for an investment that will suit your personal preferences and promise profits that will actually be relevant, many find themselves comparing cryptocurrencies such as Bitcoin to the age-old option of stocks. However, it can be quite a trying decision to make considering each hosts its own pros and cons list.
How to Safely Invest in Bitcoin
Bitcoin caught the world’s attention last year when the digital currency shot from a price of $2,000 per Bitcoin, to a whopping $20,000 in mid-August. Whilst the price has fallen somewhat, currently sitting at just over $7,000, investors around the world are doing all they can to find ways of getting involved in the buying of both cryptocurrencies, and Bitcoin. My inbox is inundated each day with questions about how investors can invest in Bitcoin, so I wanted to write a quick piece about what you need to know, and how to safely invest in Bitcoin. Understanding The first step in safely investing in Bitcoin, or any other cryptocurrency for…
3 Reasons Why Blockchain Is Good for Your Health
Blockchain might have started out as a ledger system for Bitcoin, but many industries have recognized its applications as a system for secure and efficient data management. Lawyers who represent startups, such as HG attorney Aaron Kelly, report an increasing interest in blockchain technology among clients.
Digital Money: Where Does Bitcoin Come From?
Being financially-savvy is essential for the preservation or improvement of one’s social status. The Encyclopaedia Britannica lists four major economic crises and upheavals that occurred since the Great Depression in the 1930s. Establishing bitcoin was one of the responses of some tech enthusiasts to the 2008 Global Financial Crisis. It showed the inherent weaknesses of traditional financial institutions such as banks. Thus, Bitcoin presented itself as novel currency system that would not have the inherent shortcomings of traditional currencies. According to the Center for Alternative Finance – University of Cambridge, there are at least 2.9 million unique users in 2017 that used bitcoin-filled digital wallets. “Mining” Bitcoins Bitcoins is loosely…
The Fight Is On: Forex vs. Cryptocurrency Trading
Forex trading has been around for a long time and skilled traders have been capable of making a living out of it. But now we have cryptocurrencies, which are the novelty nowadays. So… which one should you choose: The time-tested forex or the new and exciting world of cryptocurrencies? This article will analyze the pros and cons of each, so you can decide at the end. Just be aware that any route you choose requires proper education, experience and patience. In Defense of Forex: Why Should You Choose It? Despite the large number of shady-looking websites promising you to make you rich with Forex in no time, it remains as…
5 Tips to Help You Become a More Profitable CFD Trader
If you have been in the trade and business market for a long time then Contracts for Difference (CFDs) would not be a new term for you. However, if you have just stepped into the world of transactions and trade, CFD can be a bit confusing for you. CFD’s trading is known as the capability to speculate the rise and fall of various financial products in the market. Apart from elementary investment and reading the basics of CFD to maximize your profit margins, you also need a little bit of evaluating skills to perform well. To make your way to the top of the list, you need potential strategies and…
The Blockchain and The Byzantine Generals Problem
Twenty years ago, nobody would have predicted the impact that a popularized global information network would have on society–and even though the internet has only been around for a little over two decades, we still have yet to max out its potential, with wearables, connected home devices, and other Internet of Things (IoT) components just recently becoming popular. Nevertheless our dependence on the worldwide web is easily demonstrated. For example, in 2014, it was calculated that $1.2 million dollars worth of business was done every 30 seconds online, and Pew Research released a report showing that only about 13 percent of Americans don’t use the internet. You would think that…
