Month: November 2019

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Should You Jump into Crypto Bandwagon?

November 28, 2019 | Uncategorized | No Comments

Cryptocurrency is basically a type of digital currency that’s created and managed using sophisticated encryption otherwise known as cryptography. With Bitcoin created in 2009, it made cryptocurrency an immensely popular investment scheme. While Bitcoin has successfully attracted increasing number of followers for the following years, it was few years later before it began capturing mainstream media and tons of investors after peaking at a record high of 266 dollars per Bitcoin in 2013.

During its peak, Bitcoin sports 2 billion dollars market value but, plunged 50 percent short after. This fluctuation in Bitcoinface raise debates for its future and cryptocurrency in general.

Where is Cryptocurrency Headed?

There are economic analysts who are predicting a huge change in cryptocurrency, especially that it’s forthcoming as an institution money. Furthermore, there’s also a chance that crypto will sooner or later surface on Nasdaq, which will boost its credibility as well as its uses as alternative to traditional currencies. Some are predicting that all cryptocurrency needs verified ETF or Exchange Traded Fund.

In essence, ETF makes it simpler for people to make investments in Bitcoin. Still, there needs to be a demand to invest in crypto which some would say not generated automatically with a fund.

Grasping the Concept of Bitcoin

Bitcoin is decentralized. It takes advantage of Peer-to-Peer technology that allows all functions like:

  • Verification
  • Issuance and;
  • Transaction processing

All of which are collectively done by the network. While the decentralization has allowed Bitcoin to be free from government interference or manipulation, the flipside here is, there’s no central authority monitoring that everything will run smoothly.

The process in which Bitcoins are created are done through a process called “mining”. This demands powerful and advanced computers to crunch in numbers and to solve complex algorithms. They are created at 25 Bitcoins every 10 minutes and capped at 21 million, which is a level that’s expected to be achieved in 2140.

Difference between Crypto and Fiat Currencies

Such Bitcoin characteristics made it totally different from fiat currencies and the same reason as well why you should use crypto bot for trading and make money. Well with fiat currencies, these are supported by government and central bank of the nation thus, highly centralized. While banks are regulating currencies issued, there’s no upper limit with the amount of currency issuance.

When compared to Bitcoins, it’s value depends largely on how much the investors are willing to pay for it at a given period of time. This is why there are times wherein cryptocurrency beats fiat currencies in terms of value.

Crypto currency, aka cryptocurrency, has become one of the non-cash transactions that is currently developing in the world.

Many transactions, including buying and selling in cyberspace, can use crypto assets, such as Bitcoin. One can even take out loans against their crypto assets. Although this may not work on other transactions such as car accident loans (presettlement funding).

Despite the growing popularity and acceptance of cryptocurrency, there are still quite a lot of countries that are gray about this to the point of banning the use of crypto.

Only One Real Currency?

US President Donald Trump has criticized the circulation of cryptocurrencies. In a series of tweets, Trump said he was not a fan of bitcoin et al. In fact, he called them not money.

“I am not a fan of Bitcoin and other cryptocurrencies, where they are not money, and the value is very volatile because it is based on the intangible,” Trump wrote.

Trump said cryptocurrency assets that are not regulated properly will only produce bad things, such as drug trafficking and other illegal activities. Not only that, but Trump also touched on the new cryptocurrency launched by Facebook, Libra. According to him, Facebook must comply with US banking regulations such as other national or international banks. He said Facebook must have official Charter Bank licensing documents if it issued Libra.

Trump rails against Facebook’s planned cryptocurrency

Chairman of the American central bank, The Fed, Jerome Powell; Minister of Finance, Bruno Le Maire; and Bank of England Governor Mark Carney is a series of officials who do not like the presence of Libra.

“We only have one real currency in the US, and it is stronger than ever, strong and reliable. So far, the currency is the most dominant in the whole world and will remain that way. The currency is the American dollar,” chirped Trump.

There is truth about the fluctuating price of Bitcoin, Trump has a point. If you remember, the price of bitcoin has continued to decline in 2018. At the end of November 2018, the bitcoin exchange rate touched its lowest point at 4,833.09 US dollars. The price of bitcoin went up in 2019. In fact, at the launch of Libra at the end of June, a single bitcoin bit broke through more than 10,000 US dollars.

The Blockchain System In Terms of Reliability

All data is always alive and disseminated to all participants in the blockchain system, thus increasing data reliability because it does not depend on just one provider that requires secondary investment costs such as a DRC (Disaster Recovery Center) system to support operating reliability. If a node belonging to a bank fails, there is nothing to worry about. He will receive the latest data when alive and reunited.

The unit of information received and sent can be considered as a new ‘currency’ whose value is agreed upon by each bank, and this is a new treasury business opportunity for each participating bank and relinquishes bank dependency from one of the most dominant currencies at once able to hedge the original currency used.

Cryptocurrency through the block chain technology was created in 2008 as a transaction book register for the public. However, cryptocurrency or bitcoins were not common terms within the household up till 2017. During that year the fame of bitcoin erupted.

Individuals who are not used to cryptocurrency were immediately engaging themselves to buying and selling of the bitcoin. Starting 2017 until now, bitcoins and cryptocurrencies are heard all over the market place. Thus, crypto and bitcoins are planting a great impact on affiliate marketing.

Defining Cryptocurrency

Cryptocurrency is a currency in digital form that is usually decentralized. Moreover, this is not governed by any units within the national government. This kind of digital currency is created to be more safe compared to cash. The reason for this is because it is very impossible for it to lose.

Also, it is not possible to fake it due to firm encryption, or the method through which it is confirmed via cryptography. And due to the penetration of the digital technology, predictions are at hand that physical coins and paper money will just be a story of the past. That would renounce the industry prepared for the digital figures of currency.

THE BITCOIN

Among all the 1,600 forms of cryptocurrencies available today, bitcoin is the most popular. In the year 2018, bitcoin popularity hit high succeeding the price escalation of above $20,000 per single bitcoin. This value attracts investors, traders, and the public.

The Way Cryptocurrency Is Being Used

By purchasing cryptocurrency, an individual is provided with a digital opener containing the address of the crypto. This can be used to authenticate and acclaim transactions. People who want to buy bitcoin can purchase it and stock it in digital crypto wallets.

Just like with the stock market, cryptocurrency worth rise and fall as people buy it and trade it.

THE TURNING UP CRAZE IN AFFILIATE MARKETING

Many marketers of the digital industry today are seeing cryptocurrency being the point of interest in the field of affiliate marketing programs. One of which is in the aspect of crypto-based affiliate programs. Cryptocurrency is not completely recognized on some online platforms such as Facebook and even Google. That’s the reason why most affiliate marketers are digging their own soil to cultivate this business within the industry.

New platform models related to crypto trading business with the inclusion of affiliate programs are showing out most of the time. One example of the trading platform is the Binance which was launched on the year 2017. Binance also emerge as the largest platform for trading cryptocurrency based on traffic. This platform offers about 20-40% long-term commission on trading fees for every referral of new customers.

There are other famous programs about affiliate marketing and these include the CoinPayments, Coinbase, LedgerWallet, Purse, and Changelly. Moreover, training for this affiliate programs are also available to guide you in making bucks. Training programs like this teaches people about the affiliate industry and this is about Affiliate Institute. On the other hand, crypto-based affiliate marketing investment doesn’t have to be grand.

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