Beginner’s Guide: Introduction in Cryptocurrencies

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Mechanical trading can help you avoid many of the problems of emotional trading that can ruin your trading account. Emotion is your biggest enemy in trading. As you mature as a trader you need to develop a mechanical trading method.

Fear and greed are your two worst enemies in trading. Fear will come out of the trade too soon leaving you with a profit on the table. Greed will force you to trade in the hope of making more profit and eventually lose the unrealistic profits you make. You can avoid these two monsters by building a mechanical system based on rules and forcing you to make pure decisions based on merit. These are the two biggest enemies of your business!

Many traders start out as isolated traders which means each of their new trades is created independently from the previous trade. Isolated trading has some advantages but it is helpless against controlling your emotions. By building a mechanical system, you will ensure that you adhere to a certain discipline in your trading and do not make emotional decisions in your trading.

The best example of a mechanical trading system is the turtle trading system. The tortoise trading system is basically a system of futures trading. It was developed as a rule based system that told you whether to trade in the market or not. You just have to follow the rules. That’s it! Thus if you have good trading discipline, the chances have always been that in the long run you will make good profits in trading. In fact, many turtle traders eventually become millionaires!

Now with the advancement of computer programming and automated trading, any mechanical system can be programmed into an automated trading system. This way anyone can trade with a good mechanical trading system!

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As managers, we don’t tolerate employees who “call it that”. But, have we set up our systems to be so automated and less touching that customers feel our companies are “calling it quits”? If so, we’re creating opportunities for competitors who know how to balance efficient production-related systems with effective customer-facing processes. In this case study, a customer who is happy with his main supplier follows the path of minimal resistance and wisely orders a competing supplier who regularly shows up and requests for business.

This is one of a series of case studies highlighting “key questions and course-corrective quotes” taken from a 20-year B2B customer insight project. All the names are fictional, but the circumstances are real. The case study paints a picture of how important it is to learn what your B2B customers are thinking-but not saying. Requesting customer feedback and working has helped companies retain customers, grow relationships, and quickly acquire new businesses as real-world examples.

Case Study: Happy customers buy from competitors

Key question (a purchase manager was asked বিক the seller’s main contact in this 5-digit relationship):

Does “Remotevender” show the right amount of interest in their relationship with you? “

Course-correction quotes:

Purchasing Manager: “The remote vendor is hundreds of miles away. They need to understand that my local guy is here every week. He gets the business I consider. He earns it by maintaining a relationship with us. I haven’t actually met anyone. Remote vendor.”

My client’s problem:

This customer was full of praise for the quality, responsiveness, reliability, competitiveness and professionalism of “Remotevender” products. This is exactly what is expected of a remote vendor: How happy are our customers with our business practices? When the conversation turned into a discussion of where the gap was, this customer noted that, prioritizing skills, the seller abandoned all contributions to customer closeness. Customers notice when sellers work to build relationships, or fail.

In contrast, a sales representative from a small, local supplier prefers to regularly check what business he or she can do. If for any reason the customer is disappointed with the existing seller, he is positioning himself to accept this account. The attentive seller is definitely going to get an RFP if the customer ever decides to bid the business.

Conclusion:

This is another example of how sellers put money on the table. This customer probably knew that the remotevender could fulfill his consideration orders, but the local supplier appeared and requested for business. It’s hard to see someone in your eyes and make you humble.

At some level we all know that the following rules are true: The order of effectiveness in building and maintaining relationships with B2B customers and prospects (minimum to maximum):

• Electronic newspapers and mass e-mails.

• Paper newsletter.

• Customized paper mail.

• Customized e-mail.

• Phone call.

• Face to face communication.

Caution: Everyone has a choice. Ask each customer or potential how they like that you keep in touch. Everything you need or want is a periodic e-mail newsletter to keep you on top of the mind. Others want you to call or e-mail them every two weeks. Ask, don’t guess.

Costs can cut budgets from travel to IT upgrades to head counts. Hold on to the rest of your staff cut at the head count. At some point, cost reduction starts to damage the customer experience and starts costing your revenue. When efficiency begins to decline, stop cutting unless you deliberately try to find a “new normal” revenue size that can be sustained by your small operational budget.

Remember, your customers are also running weak companies, which means they choose the least resistance when they can. If you can’t meet them, call and talk to your customers frequently. Build relationships. Ask for more business.

Take to heart: If you have a prospect whose main supplier is outside the area, you can set foot on the door with an offer to take on smaller projects. Just showing up regularly can help you displace a distant competitor. Let “out of sight, out of luck” work for you!

I classify projects as evaluation, investigation, treasure hunt or rescue operations. This project was an evaluation. The client’s question was “Are our customers satisfied with us?” The answer was “yes, and you’re missing out on easy business at first forgetting customers.”

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A visit to the San Jose of the California Chamber of Commerce reveals a wonder that any kind of local business member. After all, San Jose is home to Silicon Valley Central and many well-known companies around the world.

One thing that comes to mind at a glance on the members list is the absence of heavy heaters. Of the thousands of businesses in San Jose, the one that catches the eye is the very small percentage that are annoyed by joining the San Jose Chamber of Commerce.

In the old days, Cs’s local C was the place to advertise and promote your local business. Somehow becoming a member and paying your 150 annual fee will keep you among the local elite and increase the credibility of your company.

But most local businesses, such as the San Jose Chamber of Commerce, are not members of “larger and more important” local businesses.

But it’s not just San Jose. Go to any local C of C and you will probably find the same thing. Why?

A larger image analysis shows that the “local” concept has changed. Technology and especially search technology has opened up more than just local options to local consumers worldwide.

In the old days someone did business with them that they knew or knew locally; Now local consumers can do business with any company they are looking for on the internet.

“Buy local” programs have simply become obsolete because the local concept has lost its meaning.

It was once assumed that local consumers were looking for businesses and a good way to find reliable businesses was to list the members of the local chamber of commerce. In fact the idea died out in the 1970s and 1980s and in reality there were no membership benefits between the 2000s.

In the past a new business would join in the hope of gaining local exposure and maybe get some extra business. Too bad the mixer will help serve this function.

New members were asked to bring their “pitch” and stack of business cards and hand them over to the mixer. So in reality the mixer becomes a big “let’s sell to ourselves” exercise, since very few chamberless members attend the mixer.

Another way for the local chamber to promote its members was through local collective advertising; Advertisements in brochures, local newspapers and magazines, sometimes on TV or radio spots. As the media has become more expensive, co-advertising has gone the other way.

And like many companies, C’s local C has been severely damaged financially in the recent economic downturn. As their cash flow has decreased, so has the ability of chambers to recruit and retain good staff.

Therefore, ubiquitous job postings for the chamber’s executive directors. Part of the “executive package” is that the executive director has to raise money for himself.

This means that the executive director’s primary job is not to promote local business but to raise enough money to keep the chamber afloat.

But to all fairness, it’s not just the executive director’s fault; What can a group do locally to promote themselves?

The biggest complaint today is that the chamber does little or nothing for its members so time and $ 150 fees have become harder and harder to justify. A new potential first asks the question ‘What’s in it for my business?’

If expectations are raised in the business, as many new members expect, expectations turn to despair over time. That’s too bad.

Community development requires a strong business community and a weak business community has problems.

The simple truth is that the local Cs of Cs are paying their members less and less. Unless local chambers find ways to redefine their mission and bring greater value, the chambers will simply move on to the unconventional path of newspaper advertising.

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Imagine a situation where you need a family reunion or a big reunion on short notice. You may be able to make mouth-watering meals, but what about serving them in a presentable way? Expensive chinaware is not an option when you have kids around. The situation demands the use of new generation disposable plates. Cutting edge technology has now made it possible to use semi-durable plastics in an innovative way.

Times have changed. The days of using cheap, low-quality disposable plastic plates are numbered. Spill and spoil, cut and tear is very common and embarrassing for hosts. It is best to anticipate such situations and be prepared.

The new generation of disposable plates is elegant and presentable for every occasion. These are semi-durable, meaning you have the option to discard them after the first use or after multiple uses. They are guaranteed quality products to prevent rough handling. Made of transparent plastic, these lightweight plates are cut-resistant which makes them safe, easy to use and disposal. These come in a variety of sizes and attractive designs, giving you the freedom to choose the most suitable for your occasion.

These plates are affordable and can be purchased online or from wholesalers. You can also buy disposable wedding plates and disposable dinner plates from a reputable seller.

When it comes to serving your guests, you simply cannot compromise. Small or large assembly, the new generation disposable plate is a real steal. If you want to grab the attention of your guests and make the event memorable – presentation is important.

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The idea of ​​truth has its roots in Greek philosophy: ‘to be true to yourself’. Described as authentic Your own true, or original, own endless operation in your own daily enterprise. However, the danger arises if people assume that their personal values ​​take precedence over other criteria. Some assume that it supports unrealistic behavior, such as personal criticism of colleagues rather than focusing on problems. It weakens professionalism and can quickly contribute to loss of motivation and breakdown of trust.

The idea of ​​‘our path is the best way’ is always a limited and potentially harmful aspect. In organizations, problems can arise when systems are inadequate and managers lack the confidence needed to disclose problems and face dysfunctional behavior. The failure of leadership can jeopardize the success of any organization, including poorly designed systems, response prevention, and inability to anticipate the need for change. Errors include a lack of personal trust, which is important when dealing with unacceptable behavior.

Effective leadership depends on four key elements of authenticity. Those who are considered ‘authentic’ demonstrate a higher level of self-awareness, insight and openness and the ability to achieve ‘balanced processing’ of information.

Self-awareness

It involves understanding your unique talents, strengths, motives, core values, beliefs and aspirations … Are you open to new ideas, and feedback that helps you maintain and develop these insights?

Balanced processing of information

Efficacy is built on the desire to consider multiple aspects of an issue, including other people’s opinions. Do you recognize that you can’t see or appreciate all the problems?

Relative truth

Trust develops when there is openness and truthfulness in a close relationship. We can use electoral self-expression to acknowledge that we are not perfect. How well do you build trust and show real when you work with others?

Authentic behavior

This involves responding appropriately to the situation in the context of your role while respecting your core values. Do you treat these values ​​consistently (as far as possible)? Important themes are searched Seven principles for exceptional performance.

Authentic leadership is based on the idea that through self-awareness, self-control, and positive modeling, authentic leaders encourage the development of truthfulness among followers. The theory suggests that authentic leaders draw on their positive psychological capital or ‘psychocap’ which clarifies what others need and generates positive energy. They create a real sense of meaning and purpose, so that others develop a sense of personal ownership and become ‘stakeholders’ of the activity.

Evidence suggests that additional measures are also required for exceptional performance. This includes ensuring adequate support / resources and encouraging prudent efforts by involving people in problem development and implementation. Using 360 degree feedback, with awareness Seven principles for exceptional performance, Create four elements of authenticity and help develop overall effectiveness.

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Introduction to Bitcoin

Bitcoin is an advanced form of currency that is used to buy things through online transactions. Bitcoin is not real, it is fully regulated and made electronically. One has to be careful about when to contribute to Bitcoin as its cost is constantly changing. Bitcoin is used to exchange a variety of currencies, services and products. Transactions are done through someone’s computerized wallet, which makes the transaction process faster. Any such transaction is always unchangeable as the identity of the client is not disclosed. This factor makes it a bit difficult when deciding to trade with Bitcoin.

Features of Bitcoin

Bitcoin is faster: Bitcoin has the ability to organize installments faster than other modes. Usually when someone transfers cash from one end of the world to the other, it takes a few days to complete a bank transaction but in the case of Bitcoin it only takes a few minutes to complete. This is one of the reasons why people use Bitcoin for various online transactions.

Easy to set up Bitcoin: Bitcoin transactions are made through an address held by each client. This address can be easily set up through the procedures that a bank adopts when setting up a record. Creating an address can be done without any changes, or credit checks or any inquiries. However, every client who wants to consider contributions should always check the current cost of Bitcoin.

Bitcoin Anonymous: Banks that maintain complete records of their customers’ transactions do not do so. It does not keep track of clients’ financial records, contact details or any other relevant information. The Bitcoin wallet usually does not require any significant information to work. This feature raises two perspectives: firstly, people think that it is a good way to keep their data away from third parties and secondly, people think that it can increase dangerous activity.

Bitcoin cannot be rejected: When someone sends Bitcoin to someone, there is usually no way to get Bitcoin back unless the recipient feels the need to return it. This feature ensures that the transaction is completed, meaning the beneficiary cannot claim that they never received cash.

Bitcoin Decentralized: One of the main features of Bitcoin is that it is not under the control of any special administration expert. It is managed in such a way that exchange checks and mining are part of every business, individual and machine system involved. Even if a part of the system goes down, cash transfers continue.

Bitcoin transparent: Although only one address is used for the transaction, each bitcoin exchange is recorded in the blockchain. That way, if someone’s address is used at any given time, they can tell you how much money is in the wallet through blockchain records. There are ways in which one can increase the security of their wallet.

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You may have heard the term “second entry” in trading, but you may not be familiar with its meaning. The term means that you have a second chance to take advantage of a particular trading setup, usually a chart pattern or another form of technical analysis pattern.

An example of a second entry would be if a stock stays in a tight range for a reasonable period of time and moves in the opposite direction from that range. If the fictitious stock “ABCDE” trades between $ 43.25 and $ 45.50 over the past few weeks and then trades at $ 45.60, many day traders and “breakout traders” will start buying the stock. The stock can move up to $ 46.00 or more, but the stock price falls below the previous 45 45.50 after the buying frenzy subsided in this example. Those who bought above 45 45.50 and held the stock are now holding a losing position, so many of their buyers will start selling to reduce the impact of their losses.

However, the stock may re-submit and begin to rise above it. If the stock price falls below the previous high of $ 45.50 only for a short period of time (a few times on a chart, which means a few days on the daily chart or a few minutes on the intraday chart), “second entry” traders buy the stock when the price moves above $ 45.50. The psychology behind this strategy is that short-term buyers and “weak hands” are more likely to be eliminated, so they think “true” breakouts can begin.

Many prone traders limit their business to those who failed the first time but quickly reassured themselves to resume the initial step. As always, check out any technical strategies, apply the right money and risk management methods, and maintain the right trading psychology. Restricting your trades to second entry সুযোগ opportunities only apply to swing traders, long term traders, and day traders.

All standard risk, investment, trading, day trading, and denial of financial services apply in this article.

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Day Trading Emini S&P Futures is really a great way to make a living! I hear and read lots of articles, newspaper ads and even one or two engines claiming that day trading is a sure fire way to lose all your money. I totally disagree. On the contrary, it is an incredible way to work a few hours a day and earn a very nice 6 figure.

No doubt, many new traders put themselves at risk and eventually lose their money day trading. It bothers me when I read about it. It gives successful day traders like me – a notoriety. I know several day traders who have been successful in this for many years. What I have learned is that success is indicative! Meaning, successful day traders all seem to be doing the same thing while failed day traders are doing the same thing – which is not surprising what successful day traders do!

We need to look at the root of the problem, which is: Why are most day traders losing all their money? I think it’s a pretty simple question to answer. Usually it is a lack of discipline and a strict set of day trading rules. Sometimes it is under capital and fear. Fear within oneself is probably the biggest trader “killer” of the day.

You can buy books, hold seminars, and possibly create your own strategies for day trading. These are all great, but if you can’t follow the letter rules – you just won’t be a successful day trader. Achieving discipline is a difficult thing! I admit I had a hard time when I first started because I was always changing my rules. It has cost me thousands of dollars. Read more about my successes and failures:
http://www.eminitradingstrategies.com/emini-trader.html

Eventually, I learned that the key to successful day trading was trading for income. I do not trade for a target price. I know how much money I have to make every day and I go out and make it, once I achieve my daily profit objective, I just give up for the day.

My trading method is very simple and easy to learn. They need discipline! You have to follow the rules in every situation. My methods trade at least 1 point S&P 500 eminis per day. I return that by double money back guarantee!

I post my actual trading results on my blog every day
http://www.eminitradingstrategies.com/emini-trading-blog/ I do not post “hypothetical” trades. I post real trades with real admissions! Some of my businesses are winners and some are losers. Either way I put them there for the world to see. I beg you to visit them. I occasionally take a day off, on those days I post speculative results and I make it clear that I did not trade that day! However, even with my speculative business, they were very realistic business that would have met the limit order!

Please don’t believe it when people tell you that day trading doesn’t work. You can earn a very nice Living Day Trading. It’s my opinion that those who make bad faces are just “onebase” who couldn’t make it. Instead of complaining about it, find out why it doesn’t work for you! Have you really followed every rule? Have you always maintained discipline? No matter what you do, please don’t blame the people who really do it! And do it successfully every day.

Recently I decided to teach my trading method. Some of the reasons I’m doing this is because I’m tired of hearing so many negative things about my industry. I also have a strong desire to teach. I’ve shared my methods with a handful of people and I enjoy learning, and love seeing the excitement and excitement in them. You can be a very successful day trader if you have a strict rule of thumb.

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The insights gained from the survey described below should be taken primarily as a symptom of popular, culturally specific feelings. It would be unreasonable to consider the interview-made, short answers obtained by thousands of respondents as somehow undisputed truth when diagnosing the almost impossible diversity and breadth of practices in the art world.

Respondents have priorities though indicating more widely applicable considerations. The survey raises thought-provoking questions about the future shape of online art sales across a variety of mediums:

“The percentage of art buyers shopping online dropped last year, and the growth of online art sales slowed for the second year in a row, a new report found. The industrial market is constantly growing.

The survey further found that mobile purchases continue to grow and take a large share of the market, and social media is a major way for people to find new industries. “The future of the online market is certain, although the shape remains a mystery,” wrote Robert Reed, an art and private client at insurance company Hiscox, behind the report. He continues: “Buying art is extremely enjoyable and exciting (as well as sometimes frustrating) and the continued influence of social media, especially Instagram, helps the market grow.”

Sales change | The results of the report, which also assesses the impact of cryptocurrency and cybercrime, are based on responses from 831 industry buyers surveyed through Art Tactic’s client mailing list. A total of 12% of industry shoppers have bought online in the last 12 months, down from 49% in the previous year. This recession was particularly pronounced for those under the age of five. Only %% of this group bought art online in the last 12 months, up from %% in the previous year. This suggests that the industry market is “struggling to convert dilemmas, as well as occasional online shoppers into repeat customers,” the report said. Hiscox notes that while the online art market grew by 20-25% between 2013 and 2015, the last two months have seen signs of a recession, “perhaps the industry is struggling to expand and expand its online client base.” The market growth rate has come down to 15% in 2016 and 12% in 2017.

Enter the industry | 63% of survey respondents said that Instagram, which had 800 million monthly active users as of January 2018 and is expected to exceed 1 billion active users by the end of 2018, was their preferred platform for searching the industry. The three categories of most Instagram followers were “Museum”, “Artist” and “Gallery”, according to the survey results. Tate has 2 million followers on her Instagram account. Art0% New industry buyers say price transparency is a key feature when deciding which online industry to buy from, which is a potential barrier to sales growth.

Threat | The report also found that more than half of the surveyed sales platforms had attempted cyber attacks in the last 12 months. About 15% said an attack was successful. More than 40% of online art buyers are either concerned or very concerned about cybercrime when buying art online, and 82% said they will probably buy from their platform for fear of cybercrime. Read in conclusion: “The industrial market is dominated by small and medium-sized businesses that are historically less tech-savvy, more satisfied with scale.” These businesses are weak and our investigations say that cyber criminals may wake up so far, perhaps seeing the industrial market as a soft target. “Arts professional

The medium is the message

Art refers to the sale of art by discussing the traditionally defined canvas, print or usually small works. Similar to the structure of the most popular promotional tools implemented, with the panels in Instagram’s series, a ‘Gallery View’ is perfectly suited for these.

It can be argued here that every stage of the process has been affected. The idea is that all parts from creation to end-client delivery are necessarily responsible for publicly or unconsciously promoting restrictions that such a medium is inherently involved. This means that an artist who benefits from using ‘Gallery View’ sales channels can coordinate their efforts, but is personally ultimately measured as positive or negative, so that the best results can be achieved when their work is viewed through such platforms.

Similar debates can be accelerated for mixed media, larger three-dimensional compositions, performances, or any number of visual art forms. If the purpose of the artistic creation is to understand the unfinished creation or to share the interpretation of the novel, such a self-responsive and influential delivery process may create some misconceptions.

Who is buying and why?

Galleries and advisors were once housed as gatekeepers, the Art World Authority. Tate’s nearly two million followers on social media prove that it can still be argued that the source’s reputation and influence may precede respect for personal interpretation. Very little formal reputation can serve as a kind of collective indicator of quality filtering for a kind of diverse or perhaps vaguely saturated field. And when viewed as a vehicle for investment, the evaluation of this joint work maintains a significant impact.

An inconsistency occurs even though bureaucratic structured doormen now face democratic, self-regulated and almost truly decentralized purchasing power. Industrial transactions are possible directly between the production of almost any gallery and the consumer target market.

Each artist has the potential to reach a relatively unlimited audience independently through online channels. Although their authority, skills and or ‘formal’ status may be thin due to the breadth of the participants as well as the context of the presentation. At this point the gallery or advisors may maintain an educated skill, prudent judgment and / or appreciation long before it is generally understood. Although the choice can still be seen as a free one due to multiple ways of allowing the buyer to acquire ownership.

Buyers can decide to buy directly from an artist or based on the influence of an expert. Do they value an essay or did they buy it because they believe it is valuable. The democratization of accessibility raises the question of how it can now be allocated collectively.

Formula

Price transparency was identified as the single most influential factor. Security concerns and the use of reputable channels are more or less under that metric. If the site, channel or medium is not secure or not secure, then any ‘transparency’ in terms of price will naturally be secondary and false.

Transparency means open evaluation and clear accounting from source to receipt. Yet the value must be measured and postponed to a collective or thematic interpretation. It is the price to be earned at the time of resale or which is self-recognized from feeling or attachment. Automatically, transparency cannot provide a stable universal extended foundation. The fixed price is as variable as the industry, it arises from the eyes of the viewer or the market [beholders].

Online or off, publicly available options are informationally directed to the sale of works of art from an informed price recommendation location or to facilitate thematic interpretation. Intentional gradations and essay pricing statements cannot be applied equally or legitimately to everyone.

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If you spent ২ 227 on Bitcoin, when it was created by Satoshi Nakamoto in 200 Sat, your investment would be worth more than 37 37,00,000.

Widely regarded as the greatest investment vehicle of all time, Bitcoin saw a meteor rise in 2017 from 77 777 to 17 17,000.

Making millionaires from opportunistic investors and leaving financial institutions open, Bitcoin has responded to its critics with every milestone this year and some think it’s just the beginning.

The launch of Bitcoin Futures on December 10, which will allow investors to enter the Bitcoin market for the first time through a major regulated US exchange, indicates that we are barely starting.

What makes Bitcoin so valuable is a limited amount of existence. There will only be a maximum of 21 million bitcoins and you will not be able to print more whenever you want as opposed to the usual Fiat currency. This is because Bitcoin works according to the protocol: to create it, you have to mine it using computer processing power to solve the complex algorithm of Bitcoin blockchain. Once this is achieved, you are rewarded with Bitcoin as a payment for your “work”. Unfortunately the rewards you get for mining have dropped drastically almost every year since the inception of Bitcoin, which means that for most people the only effective way to get Bitcoin is to buy an exchange. Is it worth the risk at the current price level?

Many people believe that Bitcoin is just a bubble. I spoke with Duke Randall, a cryptocurrency expert and long-term investor who thinks the asset is extra valuable. When you look at the effectiveness of Bitcoin as a real currency, it’s almost embarrassing. It later declined by 80-90% as bubbles began to break in the early 2000s. Some companies like eBay and Amazon have recovered and are now far above that assessment but for others it was the end of the line.

Bitcoin was originally created to take power out of our financial system and keep people in control of their own money, cut off the middle class and make peer-to-peer transactions. However, it is now the slowest cryptocurrency on the market, its transaction speed is four times slower than the fifth largest cryptocurrency and its closest competitor for payment solution Lightcoin. Attractable Privacy Coin makes Monero transactions faster, boasting an average block time of just two minutes, Bitcoin can do this one-fifth of it and it does so without revealing the name. Ethereum, the world’s second-largest cryptocurrency, already has a higher transaction volume than Bitcoin, although Bitcoin is only $ 676 per ether, compared to, 16,726 per bitcoin.

So why is the value of Bitcoin so high? I asked Duke Randall the same question. “It’s all back to the same supply and demand economy. Bitcoin is relatively scarce there and its recent price has attracted a lot of media attention. As a result, many people have jumped into the bandwagon for financial gain. Like any asset, when the demand to buy is higher than the price, the price goes up. Is likely to go “.

Another reason is that Bitcoin is highly volatile, it is known to be able to make thousands of dollars up or down in less than a minute which if you don’t use or expect, causes panic sales to less experienced investors, resulting in losses. This is another reason why Bitcoin has to struggle to be accepted as a payment method. The price of bitcoin can move significantly when sellers receive bitcoin from customers and sell it in exchange for their local currency. This irregular movement can wipe out their entire profitability. Will this instability go away soon? Not likely: Bitcoin is a relatively new asset class and although awareness is growing, very few percent of the world’s population hold Bitcoin. As long as it is more widely distributed and its liquidity is significantly improved, instability will continue.

So if Bitcoin is quite useless as a real currency, what are its applications? Many believe that Bitcoin has become a valuable store of money to be an effective method of payment. Bitcoin is like “digital gold” and will be used as a benchmark for measuring and trading other cryptocurrencies and blockchain projects. Recently there have been stories of people buying bitcoin in high inflation countries like Zimbabwe so that they can not only hold on to their wealth but also see its value fall under the recklessness of its central banking system.

Is it too late to get involved in Bitcoin? It’s never too late to get involved if you believe what these cryptocurrencies will do for the world, but because the price of Bitcoin is so high it’s a boat for some people who have already sailed. You might be better off looking at Lightcoin, 6908% for the year or Ethereum which is incredible 7521% for the year. These new, faster currencies are expected to replace Bitcoin 200 in 2009 and replace the government-run Fiat currency.

Who knows the price of this coin will be ten, fifteen or even twenty years from now? One thing is for sure though, we embrace ourselves better because it’s going to be a wild journey.

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