Author: Ned Shantel

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To a great number of people, cryptocurrencies are seen to be a risky investment. This is true especially among insiders in Silicon Valley and millennials. But what they are actually missing is, in the midst of hype and talks about these digital currencies, it was programmed to “do something”. Thus, it has wide range of use.

Because Sending Money is now more Simplified!

A very popular advantage associated to cryptocurrencies such as bitcoin is it capability to send and to receive payments at high speed and low cost. Now, if this money would go through traditional mediums, the fees will be significantly higher. Not to mention, there are going to be lots of processes it will go through before the receiver actually receives the money.

Just think of the inconvenience that it has. What more if that money is needed urgently?

For sure, you aren’t thinking that your assets and your bank account will be frozen anytime soon. But sorry to break this to you, this is a real-life situation and it has happened already to lots of people. All it needs is for a person be accused of financial misconduct. After that, it’s goodbye with your money and assets. When this happens, people have nowhere else to go but to accept the fact that they have nothing and fight for what they believe is right.

Use Crypto as a Form of Investment

With the onset of digital currencies fundraising, it helped anyone who has a connection to the internet to invest in early-stage startup techs. At the same time, it provides new startups with the funds and capital they need to continue their business. Basically, it is a win-win situation for everyone.

If the investment has pushed through, founders will be able to rake in profits, likewise with the investors.

Now, if you want to buy cryptocurrencies and use it for investment, or you are a budding entrepreneur who lacks of funds, you can take advantage of tradeline sales web site to acquire additional funding needed.

It’s Leveling the Field

Back then, getting access to these types of deals will only be available to seasoned and experienced capitalists. Thanks to the introduction of cryptocurrency, it has carved way in creating new opportunities to a wider spectrum of investors. Having said that, small entities can now compete with bigger and more established companies. Thus, it gives everyone an equal chance to earn.

You have probably been seeing, reading and hearing about Bitcoin. But do you have any even the slightest idea know what it exactly is? Basically, Bitcoin is a form of digital currency. And there are many of them. Digital Currency is also referred to as a cryptocurrency.

This term was first used by an anonymous individual during the financial crisis back in 2008.

Much like Traditional Currencies but it’s all Digital

Digital currency account is much like a checking account where it can be viewed online. Simply put, it is a digital currency you can view but you cannot touch. In regards to Bitcoin, it has no physical representation since all money exists in digital form.

No one’s regulating this currency and in the same manner, the network isn’t managed by any known entities while the tokens are being exchanged between people via sophisticated software system. In other words, the entire system is decentralized and it’s operated by computer network.

Know what You can and can’t Do

 

It is vital to be aware of the fact that you cannot use these tokens for paying usual stuff you buy in the market. Truth is, Bitcoin and other cryptocurrencies can only be used to stores online or sell it to other people. On the other hand, there are increasing number of companies that are starting to accept Bitcoin as well as other digital currencies known to man.

To give you an example, Over-stock and Expedia are accepting it from their customers. Among the major features of this currency is that the entire transaction is untraceable and private. That is one of the numerous reasons why most prefer this type of money than others.

Is it Smart to Invest in Bitcoins or other Cryptocurrencies?

With the immense popularity and usage of Bitcoin, you may be wondering whether to start investing your money into it or not. Well just like when investing in stocks of other companies similar to WOT, this is something that will require proper judgment. Otherwise, you may just regret your decision. So before pushing through with your decision, it is essential to learn about the risks that are associated with the system.

Among the risks that you should not take lightly is volatility. This means that the value of Bitcoin can fluctuates within a day. Truth is, the rise and fall in value could be in the 30 percent region. So don’t make any hasty decisions. Think of your move first.

As for a small business owner who is considering financing offers, the duration and amount of financing are two factors to be taken into account. To ensure that there’s better cash flow as well as turnaround on credit line, it’s preferable to opt for short term financing. What this mean is, the amount you pay back is already fixed for the said term.

Furthermore, this puts away your business from any risks if mandated to payback a portion of your profits.

Smart Loan Decisions

If you wish to minimize payables, then seeking for long term loans will be wise. However, this is going to compromise the funds you could withdraw and used as working capital since it takes longer to pay back the loan. This is why the “no commitment” and “free early payoff” offered in short term loans are more attractive among SMEs.

Moving over to your credibility with bank loans, you’d do fine given that you are paying on or before due date. On short term loans, it is likely to gain points by simply

  • Paying earlier than the expected due date
  • Paying more than the payment required or
  • Paying on time

These three factors can help big time especially when you seek additional funding before completing your first loan.

Think of short term loan as credit card.

You’ll be given a 10,000 dollars credit line and paying most of it for few months entitles you for an increase.

So let’s say for example that you want to use that money to trade on crypto signal, and you were that good allowing you to get more than half of your ROI in just a short span of time, you can use your profits to pay for your loan and get an increase. This increase will serve as backup whenever you need to add more to your account.

Should Always Be an Open Communication

Another thing to check is the responsiveness of the financing organization. With financing firms offer short term, you’ll get an actual person as point of contact than established banks and larger companies to which most probably, redirect you to their general customer service department.

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