Is bitcoin safe?

Bitcoin is reportedly rolling into no-go areas as it creates a wave of controversy among “high” society and savvy digital investors. These digital marketers are trying to earn their share of the billion-dollar-a-day digital pie as corporate society seeks to limit the spiraling value of what appears to be a “money threat.” Some who seek to exploit the poor and vulnerable are not having it as they try to vaccinate the masses in an attempt to quell this growing “digital monster”.

These seemingly corporate crooks continue to stifle how the less fortunate spend their money while trying to build financial cartels around the world, but thanks to digital technology, Bitcoin has revolutionized money control in the 21st!

The cons

Despite the rise of digital currencies like Bitcoin, it would be remiss of me not to highlight the downsides of these virtual currencies. Due to the fact that their digital fingerprints are encrypted, they cannot be tracked online. While one enjoys privacy and security when trading, it provides yet another portal to hide and make illegal transactions.

When this happens, drug dealers, terrorists, and other suspected culprits will continue to conduct their illicit trade undetected when using Bitcoin.

The professionals

However, amid the monetary chaos, Bitcoin offers everyone tremendous investment opportunities and growth potential. No one controls the virtual currency as it can be accessed by the public in cyberspace and the value continues to grow as society stumbles through the debris of inflation.

An ordinary man on the street can buy, save, trade, invest and increase his chances of becoming financially successful without the interference of government restrictions, controls and fiduciary regulations; spiral inflations therefore become a thing of the past.

Many truly believe that the number 1 problem in our society is the establishment of financial monopolies. When a corporation decides to control foreign currency, gold, and fuel, it uses its power to dictate how the money is spent.

Regulations established by large and wealthy multi-corporations are only aimed at adding more wealth and power to their portfolios, rather than benefiting borrowers seeking financial assistance. Also, those at the top are trying to drain the swamp so others can rely on them while they can get richer, but they can’t control the digital currency!

The lighter side of the coin

The time has come to open the eyes of the world and it is Bitcoin. Those who try to control the world are threatened by this Frankenstein, but I doubt they can stop him or manage him. 1 Bitcoin is currently worth $844099.07 Jamaican Dollar or $6895.80 US Dollar. The price for 1 Bitcoin in 2009 was 0.05 USD!

What is cryptocurrency and bitcoin?

The network is part of society and is shaped by society. And until society becomes a crime-free zone, the web will not be a crime-free zone.

So what is cryptocurrency? Cryptocurrency is a decentralized payment system that essentially allows people to send currency to each other over the network without the need for a trusted third party such as a bank or financial institution. Transactions are cheap and in many cases free. In addition, payments are also pseudo-anonymous.

Also, the main feature is that it is completely decentralized, meaning there is no single central point of authority or anything like that. The consequences of this are done by anyone who has a complete copy of all transactions that have ever occurred with Bitcoin. This creates an incredibly resilient network, meaning no one can change, undo or control any of the transactions.

The high level of anonymity there means that it is very difficult to trace transactions. It’s not completely impossible, but it’s impractical in most cases. So, cryptocurrency crime – because you have fast, borderless transactions and you have a high level of anonymity, it in theory creates a system that’s ripe for exploitation. So in most cases when it’s an online crime with online payment systems, then they tend to go to the authorities and, say, we can hand over that payment information or we can stop those transactions and reverse them. And none of this can happen with Bitcoin, so in theory it makes it suitable for criminals.

In light of that, many different agencies are researching Bitcoin and looking at Bitcoin and trying to understand how it works and what they can do to control it. It’s also been in the media quite a few times, and the media, being the media, likes to focus on the bad side of it. So they focus a lot on crime with him. So if there is theft or fraud or something like that, then they tend to blame bitcoin and bitcoin users.

So the most notable one is probably Silk Road, which was recently taken down and through its $1.2 billion worth of bitcoins went to pay for everything from drugs to guns to killing men to that sort of thing. And the media was again very quick to blame bitcoin and say it was the bitcoin user’s fault.

But there is actually very little evidence of the scale of the cryptocurrency crime problem. We don’t know if there’s a lot or we don’t know if there’s a little. But still, people are very quick to label it as a criminal thing and forget the legitimate uses, like fast and quick payment.

So a couple of research questions I’m looking at in this area are what does Bitcoin crime look like? So many people will say that fraud and theft have been going on for centuries. But the means by which they happen are changing with technology. So a Victorian street hustler will in effect be doing something very different from a 419 Nigerian prince hustler.

So the next issue I would also like to explore is looking at the magnitude of the cryptocurrency crime problem. So by generating a log of known fraud and theft and things like that, we can then cross-reference that with the public transaction log of all transactions and see what fraction of transactions are actually illegal and criminal. So my final question would be to what extent does the technology itself actually facilitate crime? By looking back at the crime logs, we can see what specific types of crimes are occurring and whether it is actually the fault of the technology, or if it is just the same old crimes we have seen before. And after considering these things, we can start thinking about possible solutions to the problem of Bitcoin crime.

And we can consider that the only appropriate solution would be one that preserves the core values ​​of the technology itself, which would be privacy and decentralization. The media pay a lot of attention to the criminal aspects. And they don’t give enough value to legitimate uses, because Bitcoin is a technology that enables quick, fast payments, which is useful for anyone who has ever paid for something on the web.

5 Tips to Consider Before Investing in Cryptocurrencies

Do you want to invest your hard earned money in cryptocurrency? If so, make sure you meet the criteria before making the final decision. Without considering important factors, you may risk losing your money. There are many cryptocurrencies such as Blockchain or Bitcoin. In this guide, we will share with you some tips that you can follow before depositing your money. Read on to learn more.

1. Don’t invest too much

First, don’t invest an amount you can’t afford to lose along the way. In other words, it should be an amount of money that you do not need to meet your routine needs. In case you lose your investment, your life should not be affected. It is not a good idea to take out a consumer loan to invest in cryptocurrency.

2. Research the topic first

Before making an investment, be sure to research the subject first. After all, it is not a wise move to invest in something you have no idea about. For example, would you buy a house without looking at it from all sides? No one will do that.

However, that doesn’t mean you have to become an expert before making this investment. What you need to do is to understand the general terms and conditions related to the industry.

3. Diversify your investments

Another thing is to focus on diversification. In truth, this concept is relevant regardless of the type of field in which you want to do business.

In other words, you may not want to put all your money into just one business. For example, if you have 10 eggs, you may not want to put them all in one basket. Use two baskets instead. That way, even if you drop one basket and break all the eggs, you’ll still have half of the eggs in the second basket.

So, what you should do is invest your money in different businesses like real estate and cryptocurrency.

4. Interexchange transfers

Make sure you are using a good cryptocurrency platform. Using this platform, you can buy any of the popular cryptocurrencies like ETH and BTC. If you want to buy a different currency, you must transfer your currency to an intersystem exchange. On these exchanges you can trade your currency pair without any problem.

5. Do your own research

As we said earlier, you may want to do your research before making a move. Investing based on advice from a friend or relative is not a good idea. You can use a variety of mediums to do your homework, such as Google, Skype, Discord, Telegram, Twitter, discussion forums, and white paper, just to name a few. It is important to take your time before investing money in a project.

So, make sure to follow these tips before investing your money in the cryptocurrency world. This way, you can avoid the common mistakes that most investors make. I hope this helps.

6 benefits of investing in cryptocurrencies

The birth of Bitcoin in 2009 opened the door to investment opportunities in a whole new kind of asset class – cryptocurrency. Many entered space very early.

Intrigued by the huge potential of these emerging but promising assets, they bought crypto at low prices. Consequently, the rise of 2017 made them millionaires/billionaires. Even those who didn’t bet much reaped decent profits.

Three years later, cryptocurrencies still remain profitable and the market is here to stay. You may already be an investor/trader, or you may be considering trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report titled Imagine 2030 published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as outcasts, but as alternatives to existing monetary systems. Their advantages, such as security, speed, minimal transaction fees, ease of storage and relevance in the digital age, will be recognised.

Specific regulatory guidelines would promote cryptocurrencies and encourage their adoption. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and almost 350 million by 2035.

Opportunity to be part of a growing community

WazirX’s #IndiaWantsCrypto campaign recently completed 600 days. This has become a grassroots movement supporting the adoption of cryptocurrencies and blockchain in India.

Also, the recent Supreme Court ruling that overturned the RBI’s 2018 ban on crypto banking has instilled a new surge of confidence among Indian Bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer report also points to people’s growing faith in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency/blockchain will be positive.

As a cryptocurrency investor, you are part of a thriving and fast-growing community.

Increased earning potential

Diversification is a basic rule of investing. Especially in these times when most of the assets have suffered heavy losses due to economic hardship caused by the COVID-19 pandemic.

While the Bitcoin investment has returned 26% year-to-date, gold has returned 16%. Many other cryptocurrencies have registered triple digit ROI. Stock markets, as we all know, have seen dismal results. Crude oil prices fell below zero in the month of April.

Including Bitcoin or other cryptocurrencies in your portfolio would protect the value of your fund in such uncertain situations in the global market. This fact was also impressed upon billionaire macro hedge fund manager Paul Tudor Jones when he announced his plans to invest in Bitcoin a month ago.

Cryptocurrency markets operate 24X7X365

Unlike regular markets, cryptocurrency markets work around the clock, all days of the year without fatigue. This is because digital currency systems are essentially designed using pieces of software code that are protected by cryptography.

The operational plan does not involve human intervention. So you are free to trade crypto or invest in digital assets whenever you want. This is a great benefit! Cryptocurrency markets are very efficient in this way.

For example, Bitcoin has successfully processed transactions with a 99.98% uptime since its inception in 2009.


No documents or formalities are required

You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.

Unlike conventional investment options, where an absurdly large amount of documentation is required to prove yourself as an “accredited investor”, crypto-investing is free for all. In fact, this was the intended purpose behind the creation of cryptocurrencies. The democratization of finance/money.

To buy any cryptocurrency on WazirX, you need to open an account for which you just need to provide some basic data, including your bank account information. Once they’re checked, within a few hours, you’re good to go.

Sole Proprietorship in Investments

When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction is carried out according to the peer-to-peer scheme.

Unlike bonds, mutual funds, stockbrokers, no third party “manages your investment” for you. You manage the buying and selling whenever you want.

User autonomy is the biggest advantage of cryptocurrency systems, which provides incredible opportunities to invest and build a corpus on your main capital “independently”.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your crypto investment journey.

How to Get $10 Free Bitcoins Easy and Simple

By now you’ve probably heard of Bitcoin – there are stories of people making thousands of dollars overnight with this and other cryptocurrencies.

Like any new speculative investment, there is an element of risk. That’s why starting with free $10 Bitcoin is a good way to try it out and start learning how it all works. I myself am still new to all this and came across this process during my research. It helped me so I thought I’d share it with you.

The first things you need to know about buying Bitcoin is that there are a few basic ways to buy it and it’s not that complicated to do.

The main two ways to buy bitcoins are through a broker or through an exchange. Check out the Coinbase exchange – they are one of the largest exchanges, have a clean and easy to understand interface, are accessible from apps on various mobile and desktop platforms, and offer you $10 in free bitcoins to get you started. There are other exchanges I’ve tried that work well – BTCMarkets and Coinspot to name a few that are good – but only Coinbase has a $10 starting bonus.

Additional benefits of Coinbase are that it works locally in multiple currencies – if you’re in Australia, for example, all your data will be displayed in Australian dollars, so you don’t have to be on the lookout for exchange rates and the like.

It’s also worth mentioning that Bitcoin isn’t the only cryptocurrency that Coinbase works with – you can also buy Etherium (ETH), Bitcoin Cash (BCH) or LiteCoin (LTC) – whatever currency you decide to use, yet you can get $10 of free bitcoins.

Without further ado, here it is – how you get your free $10 Bitcoins:

1) Sign up with Coinbase (the link at the bottom of this article will make you eligible for the $10 bonus)

2) Complete the account setup process, including verifying your email address, phone number and uploading proof of your identity (driver’s license, passport or other photo ID – this can be done by taking a photo with your phone)

3) Enter your credit card details and verify the card by reviewing the transactions that Coinbase will add to your internet banking statement (this is instant and you are not charged)

4) Place an order for $100 worth of Bitcoin, Ethereum – whatever – in your already activated account. If your local currency is not USD, you will need to ensure that you have ordered the equivalent of US$100

*** IMPORTANT TO NOTE: All Bitcoin purchases incur a fee and Coinbase is no different. At mostthe fee for your initial purchase of $100 should be around $4 ***

5) That’s it! In a few days, $10 worth of Bitcoins will show up in your Coinbase account – even when you deduct the purchase fee, you’ll still be ahead.

So if you’re curious about Bitcoin, want to dip your toes risk-free, and want to get some free cash (!) in the process, give this a try. The Bitcoin bonus will more than cover your fees for that first deposit and can help you learn what it’s all about.

Do they sound good?

Some final notes:

• This process will only work if you are a new Coinbase customer. If you already have an account, you will not receive the free credit

• You can get the free $10 only if you sign up using the link below.

• The above offer is limited in time – once you create your account via the link, you have 180 days in which to make a $100 Bitcoin, Litecoin or Ethereum purchase. and still get a $10 credit.

I hope you have a prosperous and happy future with Bitcoin and take advantage of the free $10. Free money doesn’t come along every day, and at the rate Bitcoin has been growing lately, $10 can multiply pretty quickly! My plan is to just sit at $110 dollars for a while, see what happens and feel the ups and downs of Bitcoin. Let’s see how we go.

Getting started with crypto

Investing in the cryptocurrency market space can be a bit daunting for the traditional investor, as investing directly in cryptocurrency (CC) requires using new tools and adopting some new concepts. So if you decide to dip your toes into this market, you’ll want to have a very good idea of ​​what to do and what to expect.

Buying and selling CC requires you to choose an exchange that trades the products you want to buy and sell, whether it’s Bitcoin, Litecoin, or any of the over 1,300 other tokens in play. In previous editions, we have briefly described the products and services offered on several exchanges to give you an idea of ​​the different offerings. There are many exchanges to choose from and they all do things their own way. Look for the things that matter to you, for example:

– Deposit policies, methods and costs for each method

– Withdrawal policies and costs

– Which fiat currencies do they work with for deposits and withdrawals

– Products they deal with like crypto coins, gold, silver etc

– Transaction costs

– where is this exchange based? (USA / UK / South Korea / Japan…)

Be prepared for the Exchange setup procedure to be detailed and long, as Exchanges usually want to know a lot about you. This is similar to opening a new bank account in that exchanges are brokers of value and want to be sure that you are who you say you are and that you are a reliable person to work with. “Trust” seems to be earned over time, as exchanges usually only allow small investment amounts to begin with.

Your exchange will store your CCs in a repository for you. Many offer “cold storage”, which simply means that your coins are stored “offline” until you indicate that you want to do something with them. There is a lot of news about exchanges being hacked and many coins being stolen. Think of your coins as being in a sort of bank account on the exchange, but remember that your coins are only digital and that all blockchain transactions are irreversible. Unlike your bank, these exchanges do not have deposit insurance, so keep in mind that hackers are always out there trying to get their hands on your crypto coins and steal them. Exchanges typically offer password-protected accounts, and many offer two-factor authentication schemes—something you should seriously consider to protect your account from hackers.

Considering that hackers like to attack exchanges and your account, we always recommend you to use a digital wallet for your coins. It is relatively easy to move coins between your Exchange account and your wallet. Be sure to choose a wallet that handles all the coins you want to buy and sell. Your wallet is also the device you use to “spend” your coins with merchants that accept CC for payment. The two types of wallets are “hot” and “cold”. Hot wallets are very easy to use, but they leave your coins exposed to the internet, but only on your computer, not on the Exchange server. Cold wallets use offline storage media such as dedicated hardware memories and simple hard copy printouts. Using a cold wallet makes transactions more complicated, but they are the safest.

Your wallet contains a “private” key that authorizes any transactions you wish to initiate. You also have a “public” key that is shared across the network so that all users can identify your account when they engage in a transaction with you. When hackers get your private key, they can move your coins anywhere they want and it’s irreversible.

Despite all the challenges and wild volatility, we are confident that the underlying blockchain technology is a game changer and will revolutionize the way transactions are done in the future.

Why there will never be another Bitcoin

Well, it’s been a crazy 10 years for Bitcoin. In fact, it has been more than 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever he, she, or they was, they had a profound effect on the world. They no doubt anticipated this, which is why they chose to disappear from the limelight.

So more than a decade later, Bitcoin is still alive and stronger than ever. Thousands of other crypto coins emerged as everyone tried to imitate the king of crypto. All have failed and will continue to fail. Bitcoin is one type. Something that cannot be repeated. If you don’t know why, let me explain.

If you don’t know what Bitcoin is, I’ll just give you a few quick key points:

  • Bitcoin is an online cryptocurrency

  • It has a maximum supply of 21 million

  • It cannot be tampered with

  • Not all coins are in circulation yet

  • It is completely decentralized with no one controlling it

  • It cannot be censored

  • This is money from an affiliate network

  • Anyone can use it

  • Bitcoin has a fixed supply that decreases every 4 years

What Makes Bitcoin Different?

So what makes Bitcoin different from all the thousands of other coins that have been invented since then?

When Bitcoin was first invented, it began to spread slowly among a small group of people. It grows organically. As people began to see the benefits of Bitcoin and how the price would increase due to its fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of thousands of computers around the world. It spread beyond the control of any government. Its creator has disappeared and now operates autonomously.

Developers can upgrade and improve the bitcoin network, but this should be done in my opinion across the entire bitcoin network. No one person can control Bitcoin. This makes Bitcoin unique and impossible to copy.

There are thousands of other cryptocurrencies available right now, but as an example of what makes Bitcoin different, I’ll use Ethereum as an example. It is one of the biggest altcoins right now and has been since it was invented in 2015 by Vitalik Buterin.

Vitalik controls the Ethereum blockchain and essentially has the final say on every development that happens on Ethereum.

Censorship and government interference

For this example, let’s imagine that Iran sends billions of dollars to North Korea to fund its new nuclear weapons program. This is not a good situation, but it should show you how your money is safer in Bitcoin!

Anyway.. first example. Iran uses the standard banking system and transfers this money to North Korea in US dollars. The US government says wait a minute, we need to freeze these transactions and confiscate the money… Easy. They do it right away and problem solved.

Second example. The same thing happens again, but this time Iran uses the Ethereum blockchain to send the money to North Korea. The US government sees what’s going on. A phone call is in progress.

“Get Vitalik Buterin in here NOW”

The US government is “putting some pressure” on Vitalik, and they’re getting him to roll back the blockchain and cancel Iran’s transactions. (The Ethereum blockchain was actually rolled back when a hacker stole a significant amount of funds).

Problem solved. Unfortunately, the trust in Ethereum will be ruined along with its price.

Ethereum is just an example, but it is true for any other cryptocurrency.

Bitcoin cannot be stopped

So the same thing happens again. This time, Iran is using Bitcoin as a payment method. The US government sees this and is powerless to stop it.

I have no one to call. There is no one to pressure. Bitcoin is uncensored.

Every other cryptocurrency out there is created by someone or some company and that will always be the point of failure. They are still centralized.

Another example would be if Vitalik’s family were taken hostage. Bitcoin is beyond all that and that is why it is the safest investment on the planet.

Learn how to use Bitcoin

Everyone should own some bitcoins. Not without that it is dangerous. If you are new to Bitcoin then you should learn as much as you can before investing money. Owning Bitcoin comes with many responsibilities. Learn how to use Bitcoin safely.

4 tips to help you enjoy a successful career in crypto trading

Today, if you want to make a lot of money with Bitcoin, your best bet is to turn to trading instead of investing. All you have to do is buy and sell your coins and earn a small profit after each sale. If you’re just starting out, you’ll have to start from scratch like everyone else. If you play the game well, you can make a lot of money in a short period of time. In this article, we have some tips that can help you enjoy a successful career in cryptocurrency trading. Read on to learn more.

There are many important things to consider if you are interested in making tons of money trading Bitcoins. It all comes down to your experience and intelligence. Without further ado, let’s look at some tips that can help you make a lot of money and avoid some common mistakes.

1. First be aware of the risk

This is one of the most common mistakes most traders make. If you are not aware of the risk involved in this trade, you should not embark on this adventure. If you are not aware of the challenges, you may end up losing a lot of money.

Before investing your hard earned money, you may want to assess the risk. So this is one of the most important things to keep in mind.

2. Diversify your investment

When it comes to Bitcoin trading, we suggest you diversify your investment. This applies to all types of investments. In other words, if you want to invest only in Bitcoins, you will be making a mistake. You should also invest your money wisely in other cryptocurrencies.

This is important if you want to be safe and cut your losses and turn them into profits.

3. Be patient

Money doesn’t grow on trees. All traders enter the cryptocurrency world to make money. However, you cannot make money immediately after you have purchased your desired cryptocurrency. And then there is no guarantee that you will continue to earn throughout your career. Therefore, you may want to prepare yourself to deal with this type of situation.

4. Don’t be greedy

Finally, it is important to stay away from greed as it is your worst enemy when it comes to cryptocurrency trading. As Bitcoin prices continue to fluctuate, you need to be patient. It is not a good idea to fear the fluctuations and sell your coins immediately. So, if you are impatient, you cannot succeed in your trading career.


In short, these are some of the most useful tips you can try if you want to be successful as a cryptocurrency trader. If you play the game well, you can make a good deal in a few years, if not months.

Boost your retirement by investing in cryptocurrency

All over the world, human life expectancy has skyrocketed. Compared to the 1950s, it has grown by 50%, and compared to the 1980s, it has increased by 30%. Long gone are the days when company-sponsored retirement plans alone were enough to see you through your golden years in a relaxed and carefree manner.

Today, with other expenses such as housing, education, health care, and more rising, some people are finding it increasingly challenging to save for retirement.

Unfortunately, the harsh truth is that people of all generations from baby boomers to millennials are not saving enough for retirement. Saving is one of the world’s most underrated epic crises.

“Retirement is complicated. It’s never too early or too late to start preparing for your retirement.”

Thus, people try to find alternative options that provide them with higher returns in a shorter period. Traditionally, real estate, private equity and venture capital were sought. Now a new and more complementary profitable and lucrative investment has joined the picture – enter cryptocurrencies.

Cryptocurrency Investments – For those who don’t want to put all their eggs in one basket

One of the biggest advantages of investing in cryptocurrency is that it separates your portfolio from reserve currencies. Let’s say if you live in the UK then you are required to have shares of UK based companies in your retirement portfolio if you are interested in shares. What will happen to your wallet if the British pound crashes? And given today’s volatile political scenario around the world, nothing is certain.

Therefore, cryptocurrency investments make the most sense. With digital currency investments, you are effectively creating a basket of digital coins that acts as an effective hedge or safe bet against the weakness of the reserve currency.

The average investor should allocate only a small portion of their retirement assets to cryptocurrency due to its volatility. But volatility can cut both ways—think health care stocks in the 1950s and tech stocks in the 1990s. It was the smart early investors who made it big.

Don’t get left behind or lose. Include crypto in your holdings to start building a truly diversified portfolio.

Breaking the Wall – Build your confidence in cryptocurrencies

One of the biggest and main hurdles most first-time crypto investors face is that they can’t trust digital currencies. Many people, especially people who are not tech savvy or close to retirement, don’t understand what promotion is all about. Unfortunately, they fail to realize and appreciate the myriad possibilities of cryptocurrency.

The reality is this – cryptocurrencies are one of the most reliable assets backed by the latest technology. The blockchain technology that powers digital currencies makes it possible to trade instantly and indelibly without requiring third-party verification. It is a peer-based system that is completely open and works on advanced cryptographic principles.

Retirement planning funds should work on demystifying cryptocurrencies

To build trust and gain people’s support, pension funds must educate investors about the endless potential of cryptocurrencies. For this, they need advanced analytics that help provide reliable risk analysis, risk/return metrics and forecasts.

Additionally, investment firms can create specialized cryptocurrency advisory services to help and guide new investors. In the coming years, several smart AI-based advisors can be expected to appear – they will help calculate the right investments based on an individual’s time horizon, risk tolerance and other factors.

Human advisors can work alongside these smart advisors and provide clients with personalized advice and other suggestions as and when needed.

Need more visibility and comprehensive control

Retired investors looking to add cryptocurrencies to their asset portfolio need more control and visibility as they experiment with this new asset. Look for platforms that allow you to combine all your assets in one place. An integrated solution that allows you to manage and balance all your assets, including traditional ones like bonds and stocks, with new asset classes like cryptocurrency wallets.

Having such a broad platform that supports all your assets gives you a holistic portfolio analysis that helps you make better and more informed decisions. This way, you achieve the ultimate goal of saving for your goals faster.

Look for investment planning portals that also provide additional features such as recurring cryptocurrency contributions at scheduled or unscheduled intervals.

Advances in Supporting Technologies for Cryptocurrency Investing

Investing in cryptocurrency will only become mainstream when the supporting technology allows investors to trade coins seamlessly, even for new investors who are not familiar with the know-how. The exchange of one digital coin for another or even for fiat currencies and other non-tokenized assets should become possible. When possible, it will eliminate middlemen from the equation, thereby reducing costs and surcharges.

As the technology that supports cryptocurrency investment and trading matures, the value of digital currencies will further increase as the currency becomes mainstream with wider accessibility. This means early adopters stand to gain hugely. As more and more retirement investment platforms integrate cryptocurrency, the value of digital currencies is bound to increase, offering significant gains to early adopters like you.

If you’re wondering if such retirement investment platforms will take a few years to see the light of day, then you’re wrong. Auctus is one such portal that is currently in its alpha launch phase. It is the first retirement portfolio platform of its kind to include digital currencies. Auctus users can receive investment advice from both human and AI-based analytical tools.

For now, users can save for retirement using Bitcoin, Ethereum, and several other digital currencies. Additionally, users can take advantage of the auto-rebalancing feature that allows them to automatically adjust their portfolio using a set of pre-set rules.

This holistic approach ensures that consumers can reach their retirement goals earlier by making smart and sound investment choices or decisions.

Final Thoughts – Cryptocurrencies should not be overlooked in your retirement portfolio

Yes, it is true that cryptocurrencies are highly volatile. In fact, there is speculation on the internet suggesting that “cryptocurrencies are nothing more than a quick-get-out scheme” and the bubble is likely to burst sometime in the near future.

Uncertainty doesn’t mean cryptocurrencies shouldn’t be part of your retirement portfolio, even if you have short investment time horizons. On the other hand, the current decline in cryptocurrency prices in 2018 means that you have a rare opportunity to accumulate profits.

Greater trust, holistic and directly controlled investment management capabilities, and advances in supporting technologies ensure that digital currencies are an excellent investment choice to include in your retirement portfolio.

Is cryptocurrency the future of money?

What will the future of money look like? Imagine walking into a restaurant and looking at the digital menu board of your favorite combo meal. But instead of being priced at $8.99, it shows as 0.009 BTC.

Could crypto really be the future of money? The answer to this question depends on the general consensus on several key decisions, ranging from ease of use to security and regulations.

Let’s look at both sides of the (digital) coin and compare and contrast traditional fiat money with cryptocurrency.

The first and most important component is trust.

It is imperative that people trust the currency they use. What gives the dollar value? is it gold No, the dollar has not been backed by gold since the 1970s. So what is it that gives the dollar (or any other fiat currency) value? Some countries’ currency is considered more stable than others. After all, people’s trust is that the issuing government of that money stands firmly behind it and essentially guarantees its “value.”

How does trust work with Bitcoin since it is decentralized meaning there is no governing body that issues the coins? Bitcoin sits on the blockchain, which is essentially an online ledger that allows the entire world to view every transaction. Each of these transactions is verified by miners (people working with computers in a peer to peer network) to prevent fraud and also to ensure that there is no double spending. In exchange for their services in maintaining the integrity of the blockchain, miners are paid for each transaction they verify. Since there are countless miners trying to make money, everyone checks their work for errors. This proof of work process is why the blockchain has never been hacked. Essentially, this trust is what gives Bitcoin value.

Next, let’s look at trust’s closest friend, security.

What if my bank is robbed or there is fraudulent activity on my credit card? My bank deposits are covered by FDIC insurance. My bank will probably also cancel any charges on my card that I never made. That doesn’t mean criminals won’t be able to pull off stunts that are frustrating and time-consuming to say the least. More or less, it’s the peace of mind that comes from knowing that I will most likely be cured of any wrongdoing against me.

In crypto, there are many choices when it comes to where to store your money. It is imperative that you know if the transactions are insured for your protection. There are reputable exchanges like Binance and Coinbase that have a proven track record of fixing their customers’ mistakes. Just as there are less than reputable banks around the world, the same is true for crypto.

What happens if I throw a twenty dollar bill into a fire? The same goes for crypto. If I lose my login credentials to a particular digital wallet or exchange, then I won’t be able to access those coins. Again, I cannot stress enough the importance of doing business with a reputable company.

The next problem is scaling. Right now, this might be the biggest obstacle preventing people from doing more transactions on the blockchain. When it comes to transaction speed, fiat money moves much faster than crypto. Visa can process about 40,000 transactions per second. Under normal circumstances, the blockchain can only process about 10 per second. However, a new protocol is being introduced that will increase this to 60,000 transactions per second. Known as the Lightning Network, it could lead to crypto becoming the future of money.

The conversation wouldn’t be complete without talking about convenience. What do people generally like about their traditional banking and spending methods? For those who prefer cash, it is obviously easy to use most of the time. If you’re trying to book a hotel room or car rental, you need a credit card. Personally, I use my credit card everywhere I go because of the convenience, security and rewards.

Did you know there are companies that provide all of this in the crypto space as well? Monaco now issues cards with a Visa logo that automatically convert your digital currency into the local currency for you.

If you’ve ever tried to transfer money to someone you know, the process can be very tedious and expensive. Blockchain transactions allow a user to send cryptocurrency to anyone in just minutes, no matter where they live. It’s also significantly cheaper and safer than sending a bank transfer.

There are other modern money transfer methods that exist in both worlds. Take apps like Zelle, Venmo, and Messenger Pay, for example. These apps are used by millions of millennials every day. Did you also know that they are also starting to include crypto?

The Square Cash app now includes Bitcoin, and CEO Jack Dorsey said: “Bitcoin for us doesn’t stop at buying and selling. We believe this is a transformative technology for our industry and want to learn as quickly as possible. ”

He added: “Bitcoin offers an opportunity to get more people into the financial system.”

While it’s clear that fiat costs still dominate the way most of us transfer money, the fledgling crypto system is quickly gaining ground. The evidence is everywhere. Before 2017, mainstream media coverage was hard to come by. Almost all major business news now covers Bitcoin. From Forbes to Fidelity, they all weigh in.

What is my opinion? Perhaps the biggest reason why Bitcoin can succeed is that it is fair, inclusive and provides financial access to more people around the world. Banks and large institutions see this as a threat to their very existence. They will be on the losing end of the biggest wealth transfer the world has ever seen.

Still undecided? Ask yourself this question: “Do people trust governments and banks more or less with each passing day?”

Your answer to this question may just be what determines the future of money.