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The cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc. exist as a record on hard drives, wallets, or in cold storage.

The first ever cryptocurrency was launched in 2009 to introduce a system; run by its users with the interference of the third party. This digital system was launched to decentralize the money system and minimize the government as well as bank’s hold. To attain that goal, Bitcoin’s author Satoshi Nakamoto came up with a digital technology named Blockchain.

Basically, blockchain is a distributed public ledger of each transaction. On the other hand, Bitcoin itself is just a record of this ledger. By tracking the history, users can tell who owns the bitcoins and in how much quantity.

We all know that digital currencies are constructed on the blockchain. However, the blockchain of each digital currency varies. It may have different rules, terms and conditions, transaction timings, security management, and so on.

Meanwhile, the basic principle is the same for all cryptocurrencies that nobody has the charge of this digital money and currency is only revealed on the digital ledger.

These Currencies Do Have a Real-World Use?

The cryptocurrencies have a large number of real-world applications. In the financial world, currencies met with success because of their cheap, quick, and restrictionless behavior of these currencies is the best alternative to service providers. However, blockchain is not restricted to the financial market.

Primarily, blockchain is not all about to register money transfer but also to put down the ownership information. It is written in a manner where a user can confirm any record at any time.

It enhances the security management and mostly uses in the record keeping terms. Healthcare, security, food, tourism, etc. are the real companies. They offer the products and most of them accept Bitcoin as a payment.

And How Can Digital Coin be Interpreted Into Real Solutions?

The government of any country doesn’t have hold of the digital currency Bitcoin.

A well-established infrastructure needs a homework. But, in case of Bitcoin, one might wonder how something this significant is apparently irrelevant.  In addition, companies use the records on the public ledger. In that scenario, regular money doesn’t mean that. It is just a paper, issued by the countries’ government.

Accordingly, a digital record is more secure than a government promise. Whatever will happen in the world, few things will remain the same. So, blockchain will be the same as long as one person in the world is storing it on their devices. Blockchain’s ability to keep absolute records and add new without dependence on the third party whether it is government or a bank can deliver enormous values. Blockchain powered enterprises are born in that scenario.

From Where I Have to Start?

Use few available tools and create a business on your own. You just need a proper homework, team, secure funding and providing the services by developing the products. If you need help, a wide range of platforms is there.

Goodluck!

Tags: best way to invest in bitcoin, bitcoin investment

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Goldman Sachs – “Most Cryptocurrencies Will End Up Hitting Zero”

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According to Goldman Sachs, the cryptocurrency markets will not recover from their present correction. On 5th February, Steve Strongin (Goldman Sachs head of investment research) said, the high correlation between several cryptocurrencies makes him really anxious. Some currencies that do not survive are expected to trade to zero due to the lack of intrinsic value.

Strongin is worried about the possibility that maybe one or a few of the existing cryptocurrencies could ascend from the speculative bubbles, just like the crypto equivalents of Google or Amazon. However, he said that he doesn’t think that most of the coins will ever recuperate to their all-time highs.

There have been many questions arising like, is there any cryptocurrency that’ll be like Google or Amazon? Or are they going to end up just like the other now-defunct search engines? Strongin said that this doesn’t mean that the prices of cryptocurrency cannot increase at all because they are in a speculative bubble at this time. But at the same time he said, that most of the cryptocurrencies might bounce back to their all-time highs, but some of them are never going see their current peaks ever again.

most cryptocurrencies will end up hitting zero

This clearly shows that the speculative bubble is coming to its end and rather than as a collective asset class, investors are going to start judging the cryptocurrencies from their individual merits as a lot of casual retail investors are already familiar with it. It also seems like the ICO (initial coin offering) success will suddenly come to its end.

Strongin said that the winners-take-most sight of the market is not very unique to Goldman Sachs. On Wednesday, the founder of DCG (Digital Currency Group) Barry Silbert, offered the same remarks at “Yahoo Finance All Markets Summit: Crypto” with explicably more positive stance on the entire industry.

According to Silbert, a huge majority of crypto-assets are facing a binary outcome. They are either going to become extremely valuable or they are going to become worthless. He added, this is why Grayscale Investments (a DCG portfolio company) launched its newest product, a fund related to crypto-asset investment and it holds the market cap (weighted positions) in the most major five cryptocurrencies and balances it again quarterly to imitate market movements.

Many other experts have also warned the investors on cryptocurrencies. Nouriel Roubini, who’s a well- known economist said on Tuesday, that the price of bitcoin would also crash to zero. Warren Buffett also said in a recent interview that cryptocurrencies are definitely going to have a bad ending.

 

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‘Not A Fan’ – Warren Buffet Weighs In On Bitcoin

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Renowned investor and one of the richest persons on planet Warren Buffett continues his bearish point of view toward bitcoin and other cryptos.

In an interview on CNBC, Buffett was asked about JPMorgan Chase CEO Jamie Dimon’s retreating take on bitcoin, after the latter expressed his regret about calling bitcoin ‘fraud’ a year ago.

Questioned if he too would reconsider his current comments on bitcoin – Buffett called bitcoin an “air bubble” following Dimon’s remarks a year ago – Buffet stated:

“As far as digital forms of money, for the most part, I can almost say with assurance that they will come to a bad ending.”

While predicting the downfall of digital currencies, Buffett went on to assert he’d bet on “each one of the cryptocurrencies” falling over the next five years.”

Furthermore, Buffett stated he wouldn’t take a negative position by exchanging bitcoin future contracts, expressing there’s “no reason” to do as such. “Why on earth should I take a long or short position of something I don’t know anything about?” He jested, confessing to knowing almost nothing about cryptographic forms of money.

“I have 11 schools this coming Friday [and] the inquiries will be on bitcoin, and I won’t know the appropriate answers,” Buffett included, preparing everyone else for more soundbites on digital forms of money this week.

Buffett’s interpretation of digital currencies, particularly bitcoin, is like another long-term bitcoin bear in JPMorgan’s Jamie Dimon. In September 2017, Dimon notoriously said bitcoin was a “cheat”. “It’s worse than tulip bulbs,” Dimon proceeded in the same breath, adding “somebody will get killed.” The Wall Street investor additionally undermined to fire workers involved in crypto money trading, calling them “inept” if they were to do so.

Dimon keeps on being a non-believer, he revealed in comments this week, but went on to state about that ‘fraud’ proclamation: “I regret making them.”

News credit: ccn.com

Image: Google

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How to Set Up a Bitcoin Mining Rig w/ BITMAIN ANTMINER U2 & CGMiner

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Easiest and Legal Way for Bitcoin Exchange

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India coin was established in 2014 and did the service of exchange since. Majority looking to buy bitcoin in an easy and simple way. And they also don’t like the lengthy process of transactions for the exchange. India coin provides complete satisfaction to its users, fulfill the need exactly.

If you want to buy bitcoin, you need to fulfill the payment form and within 4 days you’ll receive a call with pin code to complete your transaction.

The system receives debit or credit card or pays only, so make sure that they are 3d secure.

Easiest and legal way for your exchange

 

This process of transaction seems much easier than the other but two things you have to know about;

Buying limits

There is strictly buying limits of bitcoin. The first transaction limited to $100 and after 4 days of confirmation it grows from $100 to $200 and then after a week means after 7 days this limit is $500.

Exchange rate

Fees are extremely high for example Bitcoin exchange rate on Bitstamp was $1001.52 and $1507.31 no India coin. Means you are paying 50% more for this process

Its seems that legal bitcoin exchange rate is too high. By using the prepaid debit card for bitcoin, you can have achieved anonymity and temporary skype number in order to complete your buying process.

Once your account will be approved, no need of further verifications until you are going to use the same email. More than 100 countries buy bitcoin through India coin.

India coin states that process of purchasing take 15 min but it takes some extra time .so, doesn’t lose your hope.

Tags: Easiest bitcoin exchange

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What are the Top Blockchain Trends in 2017?

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Top trend in 2017

By creating its own entity and reputation blockchain finally enter to the typical awareness in 2017. No doubt, blockchain has the capacity to change industrial operating models. Whereas, the distributed ledger industry grew up throughout the year. However, most of the companies are still stuck in survey phase. In addition, are unable to bring fascination into the reality because they are charmed by its beauty.

The primary application is still in banking. 15% of the banks have the plan to put blockchain into the commercial production by 2017.  Whereas, 91% of banks are investing in blockchain technology. The world economic forum estimates that 80% of banks are actively working on blockchain technology.

Technology is evolving, $1.4bn invested in blockchain technology startups across different sectors. Whereas, it is not only financing that blockchain is set to disrupt.

Investor look more use cases

Funding to blockchain increases day by day. According to the latest report of KMPG and GB, plus of fintech Q3 ‘16’ investment of this technology fell to $87 million in the third quarter of 2016. $119 in the second quarter and $153 in the first quarter. This is expected thatThe fall specifies that investors are beginning to grow anxious that exploration is not translating into action. In addition, excitement remains the same, this is what the report said.

The report says, ‘To-date, however, the ability to move blockchain from proof-of-concept to adoption and production has been minimal. While the market is still giving blockchain companies plenty of room to prove themselves. Investors are also becoming more concerned about results’. In addition, ‘Over the next year, investors will make more rational assessments of where the main use cases associated with fintech are and how long it will be before they are implementable.’

Growth in Asia

In North, Asia blockchain has received more attentions as compare to other. Where a number of the financial institutions are investing in blockchain related projects. In China, with record breaking of fintech investment, increases for each of the past four quarters. And, there is still a room for growth in Asia in 2017. Accordingly, KPMG China’s fintech investor and innovation partner say that investor is still interested in investment. Not only in massive rounds CV investors are investing in small blockchain technology companies in Asia. Few of them companies are at the second or third round of funding. These small projects are starting to lead the large investment. A Chinese investor has made an investment of $1.7 million for Taiwanese startup Bitmark. A trend may continue in next year.

Outside finance     

Companies like Uber and Airbnb provide the services by linking consumers with their needs. They are still playing the role of the middle person. Accordingly, they still take a cut. Whereas, blockchain is entirely different from all this. It has the ability to remove the middle person from needs and its satisfactions. Which clearly means that someone needs take their full dues.

For example, arcade city is the new ride-sharing app that connects the customers with drivers by using Ethereum blockchain. Christopher David, Arcade city’s driver, a former Uber driver says that ‘The Achilles’ heel of Uber and Lyft is their centralized management of pricing. By decentralizing that decision to the level of the driver and rider, Arcade City frees the driver to be an entrepreneur and empowers the rider with control over their entire experience. Both drivers and riders are loving it so far’. May of this year, Arcade city become first in blockchain startup at GTEC awards.

In the same way, blockchain allows an artist to upload, sell or market their work without any middle authority. Edith Suarez of CNN discuss about the blockchain transparency, which other platforms failed to provide, ‘Music is placed in the decentralized server, then each song is embedded with a piece of code (meta information) […] [When people download] a track with a cryptocurrency, a payment is automatically sent to anyone involved, be it the writer, the producer, the singer, as well as many others.’’

Government’s involvement

Now, government and establishment fail to maintain their trust in the public. In that scenario, public related information should be held in transparent easily available manner. Where anyone will have the ability to verify the ledger and also have the copies of that data.

Most of the countries in the world want to move their currencies to blockchain trend. And, they are also exploring the other areas of the government. A prominent example of this year is, Governor Jack Markell, announce two blockchain initiatives. Whereas, Estonia use the blockchain technology to enhance an e-residency program. In addition, anyone from anywhere in the world can apply to become e-resident of Estonia.

Environment takes shape   

In 2016 Japan’s legislatures pass a bill to regulate bitcoin in a country. Furthermore, with the adoption and popularity of bitcoin, they have a plan to focus on security and other risk issues. While regulators are trying to provide a transparent system. Not only Japan is starting working on digital world but US, South Korea and many more countries trying to provide a transparent system to the public.

Education and collaboration

Education is the biggest challenge while blockchain is still new in market trends. There are security issues, companies must not put off or panic if proof of concept does not reveal themselves immediately. They are going to improve their work and understandings with other companies. Early adopters of any technology get benefits. That is why organizations need to know how they can use blockchain technology as soon as possible.

Good luck!

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