RingOfSaturn

Advantages of blockchain over bank systems

Protection and anonymity. When the information gets into the block, none of the users will get access to it, if the permission of the author of this block is not available. Thus, cryptocurrencies on the blockchain remain anonymous and protected, and other information (for example, databases of banks or other institutions transferred to the blockchain) will not be available to attackers and other outsiders.

No fees and overpayments. Unlike banks that will not forget to take additional service fees from the user, the use of the blockchain will not require constant spending from you. All fees in the blockchain are either set by the users themselves, or are absent in principle.

Absence of third parties There are no intermediaries in blockchains - operations occur between users. Thus, only the sender and recipient know about the transfer of funds.

The Litecoin structure assumes a normal transaction pool and prioritization by fee size. The fee is calculated depending on the size of the transaction, at $0.03 per 1 KB of information. The transaction is considered confirmed not after it enters the block, but after registering the next 6 blocks without it. Such a mechanism prevents the user from conducting a single transaction several times, which can happen due to the short time of the block. So regardless of the size of the commission, the transfer will go at least 5 minutes. The average transaction for the last month is $0.3.

He first encountered cryptocurrency when he began mining on video cards. Now I prefer to store finance in cryptocurrency on the Yobit exchange, participating in interesting projects.

If there is 2500 USD, then you can buy a YO coin and put in an investment at 0.2% per day (~ 6% per month). Get an income of 150 USD per month

Coin Water is involved in the game YoPony. There's some chance she'll win. In this case, there will be a pamp for 5 BTC, the price may increase several times.

Listing - the procedure for adding digital coins to the lists of available tools on trading platforms. After adding to the lists, assets become available for sale and purchase, get into quotes.

How the listing on the exchange occurs

The initiators of the listing, as a rule, are the creators of the coin. It happens that trading floors can take the initiative and add an asset if the coin is already in demand among traders.

Each trading platform establishes its own rules and requirements for adding an asset. Some exchanges set quite high bars, others are more loyal to new cryptocurrencies.

Phishing with bitcoins

One of the schemes is to send emails with the intention of stealing personal information. The victim is sent a letter saying that she won bitcoins. To pick up coins, you need to enter your wallet (the form is located immediately in the body of the letter). The user simply drains his data to scammers and loses access to his wallet, since the data has already been stolen.

Phishing fraud is very common, and recently began to gain popularity in the community of cryptocurrency holders. Always be careful when clicking on any links in email messages that seem unreliable, especially when you check email on your phone.

Some believe that Nakamoto could be a group of people: Den Kaminsky, a security researcher who read the bitcoin code, said that "Nakamoto is either a" group of people, "or a" genius. "

Laszlo Haniec, a former developer of Bitcoin Core who spoke with Nakamoto by email, claimed that for one person the code was developed "too well."

Cryptocurrency trading rules:

1. Do not try to catch the bottom of the failure

2. Don't sell your coins to buy other, growing coins

3. Don't look at the charts all day long

Bitcoin and other large cryptocurrencies are likely to continue to be used steadily for a variety of tasks, even smaller cryptocurrencies are used in a variety of industries.

Cryptocurrency appeared to stay. The only question is how fast the pace of its development, integration and social acceptance will be.

I started with mining on video cards. Now the main revenue is generated by the Yobit exchange, where a lot of ICO/IEO takes place. I believe that I am lucky that I learned about cryptocurrency in 2017.

The first unsuccessful experience was in 2018 with a LIZA coin on the YOBIT exchange. I did not know that the LIZA coin had an infinite issue due to the INVESTBOX. I bought at my peak, and a few days later the price fell 10 times.

If in the conditions of an investment it is indicated "make a purchase of a coin," then it is necessary to remember that purchase orders must be created in the current period of the investment!

How your purchase order was executed - by one transaction, or two or more - does not matter. The main thing is that it is fully fulfilled.

Important! For purchases, it is the created warrants that are considered, and not the number of transactions. That is, if the condition 10 Buy Trades - then 10 purchase orders must be created and fully executed. Check the history of the warrants, not the history of the transactions.

I'd choose Ethereum.

Ethereum is one of the first to respond to any positive movements in the industry. Also against the backdrop of the crisis, BTC and ETH are considered as an alternative way to store money, which will also push the asset to growth.

In 2021, the ETH may rise in price to $2000. The main factor will be the tokenization of large corporations, which is already underway, but is not publicly advertised.

I used FreeCoins on Yobit. This is an opportunity to collect small amounts for various cryptocurrencies and tokens trading on Yobit. This approach allows beginners to delve into the essence of the cryptocurrency system and, having collected a certain amount, try themselves as a trader or investor.

Many companies accept the crypt for payment, and for a long time. Digital currencies are spreading at a wild pace. They are not inferior in functionality to the financial system and even surpass it. The crypt has low fees, in some platforms they are absent at all.

It is impossible to print or add coins to the system, it is traded as a product, but the classic money is blown, they are printed as much as necessary, but only because of this they depreciate, the rich become even richer, the poor are poorer. The crypt is a strong competitor to the banking system, so the authorities do not want to officially recognize the crypt, and yet the process of legalization has already begun.

Cryptocurrency Earnings: Success Stories
One of the first public Bitcoin rich and the youngest millionaire is Eric Feinman. He opened his account in bitcoins in 2011, bought crypto coins donated for $1000. Then its cost was $12. Two years later, Bitcoin grew to 1200 and Eric successfully sold his savings. With this money, he opened an educational project.

In 2015, the boy sold his company for 300 bitcoins. The exchange rate of coins then fell to $200. But the young man believed in the future of this project. And he won.

Now Feinman leads a relatively modest lifestyle, as for a millionaire. He never graduated from school, but continues to study independently. The main occupation is the management of crypto investments of his family and other people. Also collaborates with NASA and other organizations.

In essence, there are only a few main ways to earn money through the use of cryptocurrencies. These include:

Mining
Free Token Distribution
Cloud mining without attachments
Earnings on cryptocurrency exchanges
Cranes or satoshi collection
Earnings on cryptocurrency exchange rate without investments
Bitcoin games without investments with the withdrawal of real funds

Before buying an unknown currency, I advise you to check whether the currency is in the coinmarketcap rating

Participate in virtual mining on Yobit

- Buy a virtual miner and get income in tokens every day!
- When buying a miner, 90-85% of btc funds goes to buy support for the Minex in Minex/BTC trade pair
- With every purchase of a miner, the Minex/BTC support price increases by 0.1%
- 10% of the cost of the miner goes to the buyback of the Yo token
- With every purchase (except Micro) cost of all miners increases by 0.1%
- Get 5% from all Miner Purchases of your referrals in BTC
- Post screenshots of your miners in this topic and WIN up to 4 BTC!

Japanese candles are flaws:
1. The main disadvantage of Japanese candles is the subjectivity in identifying their models. Someone who is at least a little familiar with this type of graphical analysis understands what we are talking about. For those who meet with him for the first time, we will bring a couple of examples.
On the daily chart of the trading instrument, a candle is formed with a small body of three points and relatively long shadows. Candle analysis classics say that a candle that lacks a body is called a doge and serves as an important signal of a market turn. At the same time, the classic says that the body of the doge can still be small in size. There is another signal of Japanese candles, which is called a high wave, which according to the description is very similar to doges, only its body should be present (also of small size) and shadows should be long. What candle signal do we see on the chart now? Hence several more subjective indicators:
- what size must have a shadow to consider it long?
- Which body should be considered a small body?.
Hence the main problems of using Japanese candles in trade.
In this example, the situation is still very simple because the doge and the high wave are signals of reversal and it does not matter how you identify the candle itself, it is important to understand that the market is trying to change direction. Very often on the charts there are tasks much more difficult.
2. Based on the lack of Japanese candles described above, another problem arises - Japanese candles are almost impossible to transfer to a software product and use them in automated trading. Many attempts have already been made to do this, and all the same, advisers make a lot of mistakes. It is very difficult to lay down in the program the subjectivity of which was mentioned above.

How to suppress fear of missing out?
Man is emotional in nature. He can reason rationally, and still act emotionally. This applies not only to trading, but to any aspect of life. It is unlikely that you will find an absolutely rational person.

You need to be able to resist your impulses. Below we will talk about effective methods that will help you in this.

Limitation of loss
One option is to set the loss percentage for a specific time period. Suppose, for a week, the trader sets for himself the maximum loss - 5% of the deposit. Once this threshold is reached, trading stops until next Monday.

Limit the number of transactions
Suppose the trader sets himself a threshold - no more than one transaction per week. Further, it does not matter how it ends - stop loss or teak profile - there is no more trade until the end of the week.
When the trader realizes that he has only one deal before the end of the week, he more carefully chooses a point to enter the market rather than rushing to open.

After cryptocurrency became more popular, the number of people wishing to earn it increased, respectively, and demand increased. As a result, the total value of cryptocurrency has become much larger than it was at the very beginning. But even now, 10 years after the advent of cryptocurrency, there are still ways to get koins completely without investments. In this article, we will consider the main ones.
The main methods for such earnings are:

Working with Bitcoin cranes;
Participation in the Bounty Campaigns;
Mining in pools;
AirDrop Campaigns;
Writing news articles about cryptocurrency;
Online services with the payment of crypts for clicks;
Provision of goods or services for cryptocurrency;
Various social networks on the blockchain.

How Bitcoin helps this African student pay for his studies
Nsubugar Ronald lives in Uganda in a large family. Ronald couldn't pay for his training before. Although he studies accounting and finance, and is an exemplary student, it is quite difficult for him to find work in Uganda. Fortunately, his older sister, who moved to the United States 8 years ago with her fiancé, sends money to his brother to spend it on his daily needs.
Before Ronald found out about the crypt, his sister transferred money to him through MoneyGram and Western Union. These were seemingly the only options available in the country. But the problem was on the face: the transfer fee for these companies in Africa is on average 10-20%. According to statistics, immigrants send almost $700 million a year to their relatives in Uganda. Imagine how much money in the form of commissions local financial intermediaries "armoured" themselves. Sister Ronald's fiancé says the following:
"Banks in Uganda like to take money from the poor. For example, if you put $100 into an account, in 5 months they will actually disappear. Another problem with remittances in Uganda is speed. The entire process may take up to several days. Therefore, I decided to use the crypt and check whether it is possible to help Ronald in this way. "
Soon, Ronald wrote on Facebook to his sister's boyfriend and received all the instructions necessary to make the deal. They started with 10 cents to see what came of it. Then Ronald was sent $30, and the second time he instantly accepted the transfer. The student was shocked:
"I couldn't believe I could ever get money online. I opened my account, and there was money. I immediately ran to the city to find a man who would buy my Bitcoins. "
"The mobile phone, which is necessary for such transactions, cost me a smaller amount than the one that I already managed to lose due to intermediaries. So Bitcoins fit perfectly into my life, "Ronald added.
Despite the fact that Uganda is an underdeveloped country, the demand for the crypt is almost the highest on the continent. Ronald is proof of that. He quickly found a man who needed a crypt in exchange for cash.
This story shows that Bitcoin's speculative side is not the only one. Decentralized technology and digital currencies can help entire communities of people in need, such as Ronald.
"I think that when we all begin to use a currency that will not be controlled by the government, equality will finally come in the world," Ronald Nsubugar, an ordinary student from Uganda.

"The Big Bang Theory" season 11 Episode 9 "The Bitcoin Entanglement"

In 2010, Leonard, Howard, and Raj mined a lot of Bitcoin, now worth thousands of dollars, but left Sheldon out due to his fear of tax implications. Flashbacks are shown of how the Bitcoin ended up on an old laptop of Leonard's, which Penny gave to her old boyfriend Zack after she and Leonard broke up. In 2017, Leonard and Penny retrieve the computer from Zack, who first shows them a video of a drunken Penny apologizing for breaking up with Leonard. Leonard is moved by this revelation. The Bitcoin is not found on the laptop. Sheldon had moved it to a flash drive on Leonard's keychain to teach the guys a lesson, but Leonard lost the keychain years ago. A final flashback to 2013 shows Stuart discovering the flash drive, which he decides to erase and sell for $10.