Quickbee

Venezuela is an almost bankrupt country. They were one of the first few countries in the world and one of the first Latin American country to adopt and recognize Cryptocurrency. So it is not surprising that Pizza Hut has started to accept payments in the form of Cryptocurrency. But since Pizza Hut is an international company, this will encourage other Pizza hut franchises to accept Cryptocurrency in the respective countries.

The population in developing and underdeveloped countries have increased at an alarming rate leading to unemployment and underemployment. Cryptocurrency can help the people in these countries to earn an additional income or even help the unemployed to earn a living. This will reduce unrest and help create economic development. Besides these there are other advantages of Cryptocurrency like faster and quicker transactions. But unfortunately many countries do not accept or legalize Cryptocurrency transactions.

Bitcoin price has been galloping at a fast rate especially in the year 2020. It is hard to believe that the price was so low a few years go. As the saying goes " Buy at a low price and sell at a high price". This is not easy. When the price falls, we expect the price to fall down further. Before we think of buying, the price will suddenly rise. Similarly when the price rises, we expect the price to go up further. So instead of selling we end up holding Bitcoin.

The registration of bkockchain asset is a good idea.This will be like "no transfer without authorisation'. It will prevent crime to a large extent. It will be better if it is backed by government authorities. That is the government must accept Cryptocurrency as legal and not put any restrictions or obstacles.But when that happens is anybody's guess.

India is a fast developing country and with the second largest populated country in Asia just behind China, it has everything to go for making Cryptocurrency the main medium of exchange. As of now inspite of government restrictions, there are plenty of investors in the Cryptocurrency market. While the government is planing to bring their own digital currency and banning all private digital currencies.

Good step taken by the governments of both Australia and Singapore in implementing Blockchain technology to simplify trading across the borders between the two countries. This will make transactions speedier and with minimal cost. This step brings into the focus the importance of Cryptocurrency. As everybody knows Cryptocurrency uses blockchain technology.

There are many reasons why Cryptocurrency is becoming popular day by day. One of the most important reason is the decentralization of the currency and privacy of the user. Secondly because it is a volatile currency, one can make a profit while trading. And lastly earning in Crypto is more advantageous than other currencies.

After Bitcoin, Ethereum is the most favourite coin in the Crypto world. A small news item about Ethereum 2.0 has created a lot of expectations among cryptocurrency users. But because of the delay some of the interest has waned. Ethereum 2.0 is expected to be a much advanced version of the present Ethereum. It is supposed to replace some of the defects in the present version with more a more advanced version. With all the hype about Ethereum 2.0, experts are of the opinion that the price will shoot up tremendously.

Bitcoin is one and only. It is considered as the king of all Cryptocurrencies. It is the first digital coin. Altcoins came much after Bitcoin. Bitcoin is synonymous with Cryptocurrency. For newcomers and non-crypto users Bitcoin is interchangeable with Cryptocurrency. Though both Bitcoin and altcoins are operating with the help of Blockchain technology there is much difference in the value of the coins. Bitcoin is expensive and much more valuable than any other altcoins.

Trading is for experienced people. One must have thorough knowledge about the market, trading volume of a particular coin and the market conditions. Crypto market is a volatile market. Taking advantage of these fluctuations one can make a profit. Though I am no experienced trader, I feel the best time to trade is when the price has risen up and become steady (buying) and when the price has fallen to the extent the price has stabilized.(selling). But this is not easy. This is possible for experienced persons only. Nobody can predict the highest price to sell or the lowest price to buy.

The names of only a few celebrities are mentioned as investors in Bitcoins. There may be many such celebrities who are investors in the Crypto world, but they may not like to reveal it. Celebrities, the rich and the famous have enough funds for investment. If these celebrities had been invested in Bitcoin at an early stage, and they are still holding it, it may be a good fortune by now. Cryptocurrency provides a good diversification for investment.

Though I am not a victim of this hack, I am happy for all the victims of the hack. This is good news for these unfortunate victims. And thank you for sharing this news in this forum for the benefit of the victims of the hack. It is for the first time I am reading news about a compensation for a hack attack. Normally there will be news about the hack everywhere, and sympathy for the victims, but no compensation for the victims.

I have no regrets about buying Bitcoin when its price was at its lowest. This is because of several factors. Even at that time, I could not afford to buy Bitcoin. Secondly, I never expected Bitcoin to reach what it is today. Thirdly, even now there are opportunities for buying Bitcoin at quiet a low level. For those who are regretting, you can buy Bitcoin at this level and wait for a good opportunity to sell after a few years when the price has substantially increased.

The best exchange in terms of coins is Yobit and Binance. It is difficult to choose between the two. Both are safe and secured exchanges. Both have lot of traders having an account with them. But I have experience only in Yobit. Yobit is an easy to use platform. It is quick and fast. There are plenty of coins in Yobit. It is also good for trading, both selling and purchase of coins.

It is quite inspiring and interesting to read these stories. But one must not copy or imitate these 'lucky' millionaires. These are 'One in a million' examples of people who have made it big. For the rest of us it is a life of struggle. But then one can't say when fortune will shine upon us. The world of Crypto gives us an opportunity to make good income if we go according to a well conceived plan. To be a millionaire may be out of reach for many of us. But to earn a substantial income is an achievable possibility.