Bitcoin is a peer to peer, decentralized, the digital currency which is designed for users to make online transaction anonymously. In simpler words, it’s a virtual currency which was created by a group of unknown programmers in 2009.
During this short period of time, bitcoin has accumulated worldwide recognition as well as contention as an alternative to USD and Euros.
Journey Towards Popularity:
Bitcoin first came into circulation in 2009. The currency didn’t gain much attention in world business during the first couple of years. The first it gained recognition was the year 2011-12 when it grew over 300%. The next year also proved to be quite fruitful as the currency saw more than 400% growth in its value.
Due to its incredible rise, the investors and venture capital around the world invested $57 million in the first quarter, followed by an investment of $73 million in second quarter.
A Guideline to Invest in Bitcoins:
The easiest way to get bitcoins is to shop for bitcoins. There are numerous established firms in the US and around the globe that are involved in trading bitcoins. These firms are abbreviated as BTC.
Coinbase and BitStamp are two of the top players of the game.
Coinbase is the “go-to” place to trade coins if you live in the US. The Coinbase provides its clients with bitcoins at an estimated markup of 1% over the existing market price. It also gives you the option to sync your bitcoin wallets and bank accounts; which ultimately reduces the trouble factor in your future payment transfers.
Another unique option that Coinbase offers to its users is “auto-buy”. For example, if a user buys $100 in bitcoins at the start of each month, the company will him an option to set up an “auto-buy” for that amount.
Here you can learn more about how to buy bitcoin through Coinbase.
Bitstamp acts as an intermediary between users. This means that users can trade with each other but not the company itself. At BitStamp, the liquidity is higher and there is always a good chance to find a trading partner.
Local Bitcoins – An Alternative Way to Purchase Bitcoins:
If you are having troubles exchanging bitcoins online, Local Bitcoins is a good option to buy them offline. However, offline buying is not always considered to be safe. To be on the safe side at the time of a transaction, it is often suggested to have a meet up with the seller at a public place and let a friend/family member tag along for protection in case things turn ugly.
The Final Word:
There are numerous ways to take a dive into Bitcoin investment. Coinsbase, BitStamp, and Local Bitcoins are few to name. The most important thing to remember here is to do your homework and take your time before entering the sphere of bitcoin investment and you will be fine.
Find out what our experts have to stay about how to make a Bitcoin investment.
The value of the cryptocurrencies is fluctuating every moment. That is why investors still consider these cryptocurrencies are very new with supreme returns.
Ethereum’s value was all-time high over $400 in June but fell lower $200 for the first time since May 30. Furthermore, Bitcoin’s price correction wiped off closely $4billion in its market price.
Bobby Lee, CEO of the Bitcoin exchange told CNBC that the true value has yet to be discovered. He states in a Hong Kong conference, “If you think about it, the volatility is natural for an asset class that is so new. There’s no price discovery for it (yet).”
He explains that people need to discover the true value of the digital currency bitcoin. They have a tendency to trade these assets at a firm, promotional level before market analysis it could be worth more and this a time when the price jumps.
After getting legalized in several countries, the currencies have seen a significant rise in the popularity. Such as Japan legalized the bitcoins as a payment method.
Managing director of Hong Kong-based commodities and digital currency trading house Dave Chapman says, “We now sort of at … a tipping point, where people are now considering bitcoin or ethereum or digital assets as more mainstream.” And,” A lot of the people that we service are actually very comfortable with having 1 percent of their net worth into bitcoin as it is considered to be the best way to invest in bitcoin.”
He also adds, “There’s no other asset class in the world that could’ve given you the historic performance of this sector … the historic performance, which is obviously not representative of future earnings, … does appeal to a lot of people.”
For situation: $100 of Bitcoin credited in 2010 is now worth more than $75 million.
The analyst has made mixed estimations about these digital asset’s values and market cap as well. According to the BTCC’s Lee experience, the market cap for the Bitcoin will hit at least $trillion by 2025. He says, “I think it’s going to go to at least $1 trillion, if not maybe $10 trillion in the next five to ten years.”
Bitcoin’s current market cap is about $38.55 billion on supply and around 16 million in circulation. Whereas, the total supply of the bitcoin is 21 million. According to Lee, “In a grand of scheme of things, it’s nothing. Many, many companies are worth way more than that.” Furthermore, tech companies already have their market cap in billions or trillions of dollars.
Regulations may help to increase the credibility of these digital assets. Accordingly, Japan, Russia, and China are introducing new regulations.
In the end, Chapman also added that a number of investors have a fear of loss. That’s why they are still not ready for bitcoin investment in the digital currency market.
“We get a lot of people who are like ‘You know what? I still don’t believe in this experiment. I’m not really a believer, but I’m tired of sitting on the sidelines and missing out.”
It has been about two months, hedge fund billionaire Michael Novogratz thru a brave announcement, he’d put 10% of his net wealth into cryptocurrencies with Bitcoin and Ethereum. But a very much could happen in a few days like the worth of Bitcoin has more than doubled, and the worth of Ethereum has increased six-fold.
So, around the time digital currencies touched all-time high earlier in June, by hitting the price of Bitcoin to $3000, and the worth of Ethereum breaking $400 these days. Novogratz believed that the recent crypto boom had topped out. He sold a lot of his digital coins.
Image Credits: newsbtc.com
“I sense the market had a great run, and trees don’t raise to the sky,” Novogratz spoke this week, talking at CBInsights’ in New York, “I have a lot fewer coins, they just value more,” Novogratz added.
Some days after setting highest, the price of Bitcoin and Ethereum fall down about 25% in just 24 hours, and Ethereum is still on falling.
Digital Currency dealers have become adapted to their prices aggressively doing push and pull, up and down in waves. A 30% fall in the Bitcoin worth in May headed its current highest by about two weeks, but the recent downdraft seems more constant. However, the digital currency entrenched in a technology system identified as the blockchain, have individually since improved some of their losses, they have to drive anywhere near to their high.
Now, investment groups are investing in blockchain companies. They think that the digital currencies have peaked for some time, and it can be a while before they come back to the highest level. Novogratz still has a firm stance on cryptocurrencies and their performance in the longer run. The only thing he is waiting for is the right purchase time so he can start from where he left off.
Eventually, Novogratz has faith that there will be a time when stockholders are recovering off getting out of digital currencies entirely, However, it is almost a long way off. Novogratz predicted that “I think that Bitcoin, Blockchain, Ethereum, and ICO revolution is leading us to the single extreme bubble of our lifetime”. No doubt, when that bubble pops, it is possibly a perfect time to buy back in.
Story Credit: fortune.com
People have entirely assumed that Tor is a fully secure and anonymous alternative to surf the world wide web. But, has anyone ever tried to find out if all this is actually true or how anonymous it really is?
Much to our surprise, TOR is not entirely concealed because it also has a collection of risks and limitations one should pay attention to before using it. In this post, we’ve outlined the most common ways to monitor Tor’s internet traffic and track their origin.
Exit Node Sniffing:
Due to Tor’s programming, it’s almost impossible to track the location of internet traffic. To further enhance the privacy, web activity is directed through randomly chosen relay nodes across the network, right before leaving the network to the web page. A majority of Tor’s traffic exits the Tor network.
Example: When you are entering Google via Tor, even if the traffic is directed through many Tor relay nodes it still has to exit the Tor network and connect to Google servers.
The place where the traffic exits the Tor network, also known as the exit Tor node. This can be monitored.
When it comes to using encrypted HTTPS sites like Gmail, they’re okay even though the exit node will be aware that you are accessing your Gmail account. Remember, whenever you are browsing an unencrypted site using Tor all your messages, pages visited and searches are monitored by the exit node.
It is your choice to turn your Tor node into an exit node although, this has its legal liabilities.
The Risk of Running an Exit Node:
As mentioned before, running an exit Tor node can lead to risks later on. If you happen to be using Tor for illegal activities and the traffic exits out through your exit node, it’ll be tracked back to your IP address and it won’t be long until the cops are banging on your door.
It is advised when using Tor’s browser, to stay away from unencrypted websites whenever sending or receiving sensitive information because your traffic can be monitored. It’s not just law enforcement officers you should be worried about but, malicious predators as well that are looking to get a hold of your personal data.