How Does Cryptocurrency Work

The statistics could no longer be ignored. Most ICOs book and stay booked once the tokens hit the crypto exchanges, once the frenzy and “FOMO” attending the crowdsale has ended.

Most observers following the ICO phenomenon agree that the trend over the past few months has been for ICOs to lose value after the crowdsale, with many buyers waiting in vain for their promised “moon” once the cryptocurrency reaches an exchange portal.

What is not discussed, however, is the main reason why we are witnessing this phenomenon and what crowdsale participants, including the rating companies that most of us rely on to make our choices, must be wrong in choosing which ICO has the most value, or is most likely to increase in value after the crowdsale is over.

While there are many reasons one could legitimately propose for the phenomenon, there is one fact that I believe is probably more responsible for it than most other debatable reasons: the ICO token valuation and the undue emphasis on “blockchain experts,” “ICO advisors’ or ‘tech assistants’ for erc20 tokens.

I’ve always felt that the need for blockchain technical experts or ICO technical advisors is overstated or even completely irrelevant when a project is judged by these criteria, unless the project is actually trying to create a brand new coin concept. For most ERC20 tokens and clone coins, the really important consideration should be the business plan behind the token and the management background and executive profiles of the team leaders.

As anyone involved in the industry should know, creating an ERC20 token from Ethereum or similar tokens from other cryptocurrencies does not require great technical skills or some overpriced blockchain wizard (in fact, with the new software, an ERC20 Token can be made for -less than 10 minutes from a complete technical novice.

So the technical features should not be a big deal for the tokens anymore). The key should be the business plan; level of business experience; the competence of the project managers and the business marketing strategy of the main fundraising company.

Frankly, as a lawyer and business consultant for over 30 years to several companies worldwide, I cannot understand why people continue to look for some Russian, Korean or Chinese “Crypto Whiz” or “Crypto Advisor” to determine the strength of an ICO for what is essentially a crowdfunding campaign for a BUSINESS CONCEPT…

I’m of the firm opinion that this is one of the main reasons why most ICOs never live up to their pre-launch hype. In an age where token creation software, platforms, and freelancers abound, a disproportionate focus on the blockchain experience or technical ability of organizers is mostly misplaced. It’s like trying to gauge the likely success of a company based on the ability of its staff to create a good website or app. That train left the station long ago with the proliferation of tech workers on freelance sites like Guru; Upwork, Freelancer and even Fiverr.

People seemed too engrossed in the hype and technical qualifications of people promoting ICOs, especially ERC20 based Ethereum tokens, and then wondered why a technically superior Russian, Chinese or Korean could not fulfill the company’s business objective after the fundraising campaign.

Even many of our ICO rating companies seem to give a disproportionate number of points to the team member’s crypto experience, how many crypto advisors they have, and the ICO success experience they have on their team, instead of focusing on the core business model to be created with the funds collected

Once one realizes that over 90% of cryptocurrencies and ICOs out there are simply tokens created to crowdfund an idea and not just a token for the token’s sake, then people’s emphasis will shift from technical angles to more relevant work by assessment the business idea itself and a corporate business plan.

Once we move into this era of evaluation, before deciding whether to buy or invest in a cryptocurrency, we will then begin to evaluate the future prospects or value of our tokens based on sound business considerations such as:

– Swot analysis of the company and its promoters

– Managerial competence and experience of team leaders

– Strength of business idea beyond token creation

– The company’s marketing plan and strategy for selling these ideas

– The ability to supply the basic products to the market

– The customer base for the products and services that the company will create

– and a basis for projecting market acceptance

What most people fail to realize is that the potential for their tokens to increase in value post-ICO is not so much dependent on anything technical, but on good things happening in the company raising funds and the perceived increase in valuation of the company as he unfolds his business plan and delivers his business products.

Of course, buying cryptocurrency is not buying stock and it is not buying securities of any company. We understand this, but tokens react in much the same way that stocks react to good or bad news about a company. The only difference is that in the case of crypto, the effect is magnified 100 times.

So when a company reaches some kind of financial or business milestone, the price of its token on the exchange will rise… and fall rapidly when nothing good happens. So what the company will do and how it will do it after the ICO should be of utmost importance to anyone who doesn’t want to see the value of their tokens plummet and stay down forever.

Of course, the tokens most tokens will drop sharply after the tokens reach the crypto exchange after the ICO due to those who want to take immediate profits, but whether it will ever come back to give you the expected multi-digit profits will always depend on the criteria Now I outlined above. Once you have purchased a token, the value of “crypto advisors” and “tech assistants” goes to zero in terms of the potential of your moon tokens.

Following this reality, I think a smart crypto buyer or investor should focus less on how many crypto advisors a project has or how technically sound the team is (unless the highlighted business of the company is technical in nature) and focuses more on management, marketing and potential customer base of the company raising funds through ICO.

In other words, allocate more points to the business and management side of the ICO rather than the technical jargons that won’t help your token in the market when the money is raised!

How would you feel if you doubled your investment in the first month? Did you know this is possible with E-currency Exchange?

For some people, it might sound like it’s not something they can do. I hadn’t really given much, but I have to say I was pleasantly surprised to find out that I actually doubled my investment in less than 30 days. The only reason you could not achieve these results for yourself is because you are not getting the right education for yourself.

Most people don’t realize that when a professional teaches you directly in their area of ​​expertise, you begin to learn much faster and understand things that may have taken you years to learn on your own. The same can be applied when you want to enter electronic currency trading. What takes months to learn, you can learn in hours when you choose to learn directly from a professional.

This is one key principle that most people must begin to apply in their lives in order to become successful: learning from others means becoming successful in half the time.

What happens when you learn e-currency trading directly from a professional?

If you think about the impact this could have, it could change your life, imagine knowing exactly how the system works and being able to double your money as a result.

The most important aspect that changes is that you now learn strategies that generate more money. Once you learn and follow these strategies, your bank statements will start showing it, and you’ll know it’s something you can do. You will understand what it feels like to be a successful investor, your life will become more comfortable and you will be able to brag to your wife about how good an investor you are.

As you get into cryptocurrency investing, you may find yourself asking, “How does it work?” Well, here’s the answer.

This is the concept behind electronic currency exchange: a lot of money is made every day through monetary transactions on the Internet. This is what we call “internet money” which requires that there be a physical backup of every cent traded. Since this happens every day, the same day you decide to provide financial backup for “internet money”, the same day you will start making money with it.

The easiest way to learn from a pro: Get a training program that will transfer all the knowledge a pro has directly into your mind. You will start thinking, acting and trading electronic currencies like a pro.

Passive income ideas were a hot topic in 2018 as the waves subsided a bit this year, but the fact has never changed that people are constantly looking for ways to increase their income and enjoy financial independence. In this article

I’m going to share the top 10 passive income ideas that made waves in 2018 and how you find passive income opportunities in these ideas in 2019. But first, if you are new to the topic, your first question will be what is passive income?

Passive income simply means residual income, that is, money that comes to you over time from work you’ve done in the past or something you’re doing now that doesn’t require much of your time and effort. Put another way, passive income is the money you earn from working part-time. It is different from active income, which is the money you earn from your job – a salary.

The big question that people often ask is whether a person can live off their passive income. If you work with your passive income sources and create residual income streams, you can get to the point where your passive income can equal what you earn from your day job. And that’s the goal, to build multiple streams of passive income so that it eventually equals or surpasses what you’re earning at your day job, at which point you can say you’ll achieve financial independence, because then you have control over your time, money comes to you to pay the bills even if you quit your main job and the system works automatically, you just manage it.

I guess the question on your mind now is if there is something you can do part-time that will bring you almost a full-time income. Yes, there is, actually there is! Here are the 10 best passive income ideas for 2018

1. Affiliate Marketing: Affiliate marketing provides a fantastic opportunity for people who don’t have their own product to take another person’s good product and promote it for a profit on every sale they make. This is one of the easiest ways to start earning passive income.

2. E-book publishing: If you have an idea that can solve a specific problem, Kindle publishing provides an easy way to put it into book form and publish it. Publishing books has never been so easy. Many people ask if there is a business you can start with no money. That’s one thing. Everything is free, if you can write your book, edit it, create an attractive cover and write a good description for your book, you can start making money right away.

3. Cryptocurrency: Cryptocurrency gained a lot of attention in 2018 as a source of creating residual income. There are two main ways to make money with cryptocurrency. This is trading and mining. The good thing about this system is that you can trade from your mobile phone.

4. Network Marketing: Network marketing or multi-level marketing is one of the oldest businesses around, a system where you start at the bottom and work your way up. Although talk about multilevel marketing may not sound like a buzzword, yet big companies use it to launch hot products and people use it to rise to great heights and earn both passive and massive income for yourself.

5. Freelancing: You have probably heard of websites like up work, fiver, elance etc. where people go to get various types of digital work done. You too can start earning money immediately if you have one of the skills that are required daily by these websites like article writing, article editing, book cover design, website development etc.

6. Blogging: yes, people are still making money from blogging, even though the market seems to be saturated. There are more tools that make it easy for anyone to start a blog and make it famous. Blogging is a good way to start earning passive income, but it is not the fastest way to build passive income. That being said, it’s also important to note that this is one of the surest ways to build a reputation and a longer-lasting stream of residual income if you do it right.

7. E-commerce: it used to be for big companies, but today anyone can set up an e-commerce store and start selling digital products online with WordPress and woocommerce plugins.

8. Drop shipping: this involves selling physical products through well-established e-commerce platforms such as Aliexpress and Amazon. You don’t have to do any hard work, just research the best selling products and promote them on your custom e-commerce store which is linked to the main platform and get the product delivered by the company while you choose the profit.

9. Mobile Apps: Today there are more smartphones than human beings on earth. And what powers these devices? Mobile apps. If you have an idea that can solve a problem, then here is an opportunity to earn residual income. you don’t need to be a programmer to create a mobile app. You just need to come up with the idea and outsource the work to a programmer on one of the freelance websites mentioned earlier to create it.

10. Video Blogs: YouTube is now the second most popular website in the world. If you have a flair for video, then here is an opportunity to earn passive income. YouTube with its AdSense program and affiliate program allows video content creators to monetize the platform.

These are the top ten passive income ideas that took off in 2018. If you want to start earning passive income in 2019, then you might want to consider one of these as a starting point for building your residual income streams . But if you’re already earning passive income online, I’d love to know how many of these passive income ideas you’ve tried or are making money from.

Cryptocurrency not only provided the fastest way to transfer the money, but also a new entity to trade and earn money with, apart from stocks and other commodities. While you can directly sell and buy Bitcoin, you can also use Bitcoin trading exchanges to further your cryptocurrency transactions. There are many exchanges where Bitcoin trading is safe and secure and customers are facilitated with many advanced services. As a cryptocurrency investor or trader, you can choose any of the exchanges for your convenience. However, it is recommended that you take a look at the reviews of some before giving up. Below is a brief overview of the best Bitcoin exchanges in the world.

CoinBase: Probably one of the most reputable and largest direct and wallet dual trading bitcoin exchanges. CoinBase was founded in 2012 through the venture discovery of Y-Combinator and has grown rapidly since then. There are many lucrative services like multiple cash deposit and withdrawal options, money transfers between two CoinBase are instant, Wallet facilities with multiple signature options for more secure transfers, Bitcoin deposits are insured against any loss, etc. CoinBase has a wide variety of European and US payment partners that seamlessly allow transactions to take place through them. It has relatively low transaction fees and offers bitcoin trading as well as a large number of altcoin trading.

CEX.IO: One of the oldest and reputable exchanges that started in 2013, London as a Bitcoin trading exchange and also as a cloud mining facilitator. Later, its mining power grew so enormous that it held almost half of the network’s mining capacity; but now it is closed. “CEX.IO” allows clients to expand to a much larger amount of bitcoin transactions and has the ability to provide the bitcoins at the desired price instantly. However, this exchange charges a bit high exchange amount, but this is compensated by the security and facilities to allow multi-currency transaction (Dollar, Euro and Ruble) to buy Bitcoins.

Bitfinex: This is one of the most advanced trading exchanges and is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as Bitcoin, this exchange has better options like leverage, margin funding and multiple order trading. In addition, Bitfinex offers the features of a custom GUI, many order types, such as limit, stop, floating stop, market, etc. This exchange also provides about 50 currency pairs that can be traded and with easy withdrawals for everyone. One of the largest exchanges in terms of traded volume, Bitfinex offers a pseudonym for trades and only requires credentials for some of its services. The only downside to this exchange is that it does not support buying Bitcoin or any other altcoin via fiat transactions.

Bitstamp: Founded in 2011, it is the oldest exchange that offers cryptocurrency and bitcoin transactions. The most respected because even though it is the oldest, it has never been under a security threat until recently. Currently, Bitstamp supports four currencies Bitcoin, Ethereum, Litecoin and Ripple and also comes with the mobile app apart from trading website. There is great support for European users or merchants who have an account with Euro Banks. Security is also enhanced by the type of cold storage, which means that the coins are stored offline. So you can say that it is completely impossible for any hacker to penetrate. Finally, its sophisticated user interface suggests that it is not for the novice user but for professionals and offers relatively low transaction fees.

Kraken: This is one of the largest Bitcoin trading exchanges in terms of liquidity, crypto trading volumes in Euros and trading data in Canadian dollars, US dollars and yen. Kraken is the most respected exchange that has managed through the turmoil of cryptocurrency trading and has managed to keep customer funds safe despite other exchanges being hacked at the same time. With 14+ cryptocurrency trading facilities, the user can deposit fiat as well as cryptocurrency along with the same withdrawal capacity. However, it is not suitable for beginners, but it has better security features and low transaction fees compared to CoinBase. The most important factor for Kraken is that it is trusted by the community and is the first to display volumes and prices on Bloomberg Terminal.

Important: This post should not be considered investment advice. The author focuses on the best coins in terms of actual usage and adoption, not from a financial or investment perspective.

In 2017, crypto markets set the new standard for simple profits. Almost every piece or chip made incredible returns. “A rising tide floats all boats,” as the saying goes, and the end of 2017 was a deluge. The price increase created a positive feedback loop that attracted more and more capital into Crypto. Unfortunately, but inevitably, this galloping market leads to huge investments. Money was thrown indiscriminately into all sorts of dubious projects, many of which would fail.

In the current bearish environment, hype and greed have been replaced by critical appraisal and caution. Especially for those who have lost money, marketing promises, endless shillings and charismatic speeches are no longer enough. Well, the main reasons to buy or hold a coin are again paramount.

Key Factors in Cryptocurrency Valuation-

There are some factors that tend to dominate the hype and price pumps, at least in the long run:

Adoption angle

Although a cryptocurrency technology or ICO business plan may seem surprising without users, they are simply dead projects. It is often forgotten that broad acceptance is a fundamental characteristic of money. In fact, it is estimated that over 90% of Bitcoin’s value is a function of the number of users.

While the adoption of fiat is mandated by the state, the adoption of cryptography is purely voluntary. Many factors play into the decision to accept a coin, but perhaps the most important consideration is the likelihood that others will accept the coin.

Security

Decentralization is essential to the I push model of a true cryptocurrency. Without decentralization, we have a bit closer to a Ponzi scheme than a true cryptocurrency. Trust in individuals or institutions is the problem that cryptocurrency tries to solve.

If dismantling a coin or a central controller can change the transaction record, it calls into question its basic security. The same goes for parts with unproven code that haven’t been thoroughly tested over the years. The more you can count on the code to function as described, regardless of human influence, the more secure the coin is.

Innovation

Valid coins strive to improve their technology, but not at the expense of safety. True technological progress is rare because it requires a lot of expertise and also wisdom. While there are always fresh ideas that can be screwed up, if this makes vulnerabilities or critics of a coin’s original purpose, it misses the point.

Innovation can be a difficult factor to assess, especially for non-technical users. However, if a currency code is stagnant or not receiving updates that address important issues, it may be a sign that the developers are low on ideas or motivation.

Incentives

The economic incentives inherent in currency are easier for the average person to perceive. If a coin has had a large pre-mining or ICO (initial part offering), the team has held a significant share of chips, then it is quite obvious that the main motivation is profit. By buying what the team has to offer, you play your game and enrich it. Be sure to provide tangible and reliable value in return.

5 Cryptocurrencies to Buy in 2018

There has never been a better time to reassess and rebalance a crypto portfolio. Based on their solid foundation, here are five pieces that I think are worth holding on to or perhaps buying at their current depressed prices (which, just a warning, may drop lower).

#1. Bitcoin (because of its decentralization)

Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest assumption, the most security (due to the phenomenal power consumption of Bitcoin mining), the most famous brand identity (the forks have tried to be relevant), and the most from development is active and rational. It is also the only piece to date that has been introduced to traditional markets in the form of Bitcoin futures trading on the US CME and CBOE.

Bitcoin remains the main driver; The performance of all other parts is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most if not all other parts will widen.

Bitcoin has several promising innovations that will soon be installed as additional layers or soft forks. Examples are the Flash (LN) system, wood, Schnorr signatures Mimblewimbleund many more.

Specifically, we plan to open up a new range of applications for Bitcoin as it enables large-scale microtransactions and instant and secure payouts. LN is increasingly stable as users test their various options with real bitcoins. As it becomes easier to use, it can be assumed that it will greatly benefit from the adoption of Bitcoin.

#2. Litecoin (due to its sustainability)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has the anonymity technology of Bitcoin, incredible reports indicate that the adoption of Litecoin in the dark markets is now second only to bitcoin. Although it is a currency that I have much better suited to the role of acquiring illegal goods and services, perhaps this is presented as a result of Litecoin’s longevity: It was launched in late 2011.

Another factor in Litecoin’s favor is that it integrates the Bitcoin SegWit technology, which means that Litecoin is LN-ready. Litecoin could benefit from an atomic chain exchange. In other words, secure peer-to-peer trading of currencies without the involvement of third parties (i.e. exchanges). Because Litecoin keeps its code largely in sync with Bitcoin, it is well positioned to benefit from Bitcoin’s technical progress.

#3. Ethereum (due to smart contracts)

Ethereum (ETH) has some big problems right now. First of all, governments crack down on ICOs, and rightly so: many have turned out to be either fraudulent or bankrupt. Since most icos run on the Ethereum network as an ERC token 20, the ICO craze has brought a lot of value to Ethereum in recent years. If proper rules are taken to protect investors, Ethereum project scams can claim some legitimacy as a crowdfunding platform.

The second major problem facing Ethereum is the delayed transition to a new hybrid battery operation and detection system. The Ethereum mining GPU is currently profitable, but Bitmain just announced an Ethereum ASIC minor, which will likely have an impact on GPU miners’ bottom lines. Whether this will change the POW and how successful that change will be remains to be seen.

If Ethereum manages to survive, these two main issues – regulation and mining – will show great resilience. Otherwise, there are several competing currencies that follow its shadows, such as Ethereum Classic (etc.), Cardano (ADA), and EOS.

#4. Monero (because of its anonymity)

Although its adoption in the dark markets is not all that one might expect, I (XMR) remains the privacy of the Prime Minister. Its reputation and market cap are still above those of its rivals – and for good reason.

Monero’s code requires less trust than Zcash’s “loyal” key ceremony and had an honest start, unlike Dash. That Monero recently changed its Pow to defeat the development of a small ASIC for its algorithm confirms the commitment of the mining decentralization part. A significant drop in hashing speed is due to the new version constantly reporting against the ASIC. This could also be an opportunity for GPUs and even secondary processors to contact me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow along sensitive lines.

#5. iPRONTO (Decentralized Incubation Platform)

iPRONTO is an incubation platform Ethereum chain dedicated to investors who are looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and receive opinions from users, experts in the field about the practice and application of derived ideas.

Innovators’ ideas are supported as the NES in Smart Contract format will be signed between the expert platform and the client if the client’s business idea is before the committee for review and registration on the platform. The idea will not be published to all users of the chain’s public platform, but only to selected members of the target community who are willing to sign the Smart contract to keep the idea confidential.

We all knew a time when 1 Bitcoin was worth more than $13,000, then it suddenly crashed and now it’s only worth $6,000.

People never seem to know and understand the reason behind these declines and I will explain it to you.

There was a total amount of Bitcoin generated from the beginning by the developers at the beginning and as it became valuable there was a need to generate more of it. Did you all get it wrong? Let me explain better.

So imagine that from the very beginning Bitcoin developers generated 10,000,000 Bitcoins in the beginning. Now these 10,000,000 BitCoins spread to individuals, so when 10,000,000 BitCoins were already owned by individuals around the world, their value began to increase.

Now the developers saw that their crypto currency gained more value, but fewer people owned it, there was a need to generate more of it so more people could own it.

And what better way is there to generate more Bitcoin?

If

1 Bitcoin = $13,000.

Then

10,000,000 BitCoins = $130,000,000,000.

So there’s $130,000,000,000 on the internet.

Then the idea came to the developers!!

Let’s crash the price of BitCoin, use the remaining amount to generate more BitCoin.

It is:

Since BitCoin has built $130,000,000,000 on the internet, lower the price and generate more.

I mean

1 Bitcoin = $13,000 then now

1 bitcoin = 6000 dollars

So from 1 BitCoin 2.2 BitCoins can be generated.

Now the question is where is the newly generated Bitcoin?

It’s all over the internet!!!

On any website you enter.

It’s on every social media platform.

Everywhere in the world!!

It’s in North America.

It’s in South America.

It’s in Africa.

It’s in Asia.

It’s in Europe.

It’s scattered everywhere!!!

All you have to do is start mining.

Now how to start mining this crypto currency?

There are many Bitcoin mining software out there, I will recommend Web’Miner.

This is a software developed by an organization in China “Soft Tech Geeks”. I have used it a lot, I dig it all the time and I get a lot out of it.

Some will say why am I sharing it now?

Some will say, if it’s so easy, why isn’t it just mine? So you can get it all to yourself.

Well, the developers are smart, they put a limit on mining. The idea was not for one person to own it or a certain group of people.

The idea was that anyone, anywhere in the world could own this crypto currency.

If you need help mining Bit Coin, you can get in touch

SOFT TECH GUYS

softtechgeeks@gmail.com

thanks

In 2017, Bitcoin saw a lot of growth and people made a lot of money in the process. Even today, Bitcoin is one of the most profitable markets. If you are just a beginner, you might want to do your homework before investing in Bitcoins. Below are 5 expert tips that can help you avoid some common mistakes while trading Bitcoin.

1. Learn the basics first

First, you may want to learn the basics so you can get a better idea of ​​how to buy and sell bitcoins. You may also want to read reviews of popular Bitcoin exchanges to look for the best platform.

As with other types of financial investments, you may want to find ways to protect your investment. Make sure your assets are protected against fraudsters and cyber attacks. After all, security is the most important aspect of any type of investment.

2. Consider market capitalization

It is not a good idea to make this type of decision based on the price of the coin alone. However, the value of cryptocurrency is only valid if you consider the existing supply in circulation.

If you want to buy Bitcoin, don’t focus too much on the existing value of the currency. Instead, you may want to consider aggregate market capitalization.

3. Invest in Bitcion instead of Bitcoin mining

The Bitcoin mining industry is growing at a rapid pace. In the beginning, it wasn’t that difficult to earn bitcoins by cracking the cryptographic puzzles. Later it was possible to mine Bitcoin only in special data centers.

These centers are full of machines designed to mine Bitcoins. Today, if you want to build a home mining center, you may have to spend millions. So it is better to invest in bitcoins.

4. Diversify your investments

New Bitcoin investors tend to have a short-lived passion for the cryptocurrency. In truth, with Bitcoin you can diversify your investment risk. If you invest wisely in cryptocurrency, you can enjoy the same rewards that you get by investing in Forex. All you need to do is put together a solid risk management strategy.

In other words, you may not want to put all your eggs in one basket. So you might want to invest in other cryptocurrencies as well.

5. Set clear goals

Since Bitcoin is a new market, it can be difficult for you to know the right time to trade your Bitcoin. The value of Bitcoin is variable, which means you need to have clear goals in terms of profit and loss.

You may not want to make the mistake of making investment decisions based on your emotions. Making smart moves can help you minimize losses and make good progress.

In short, if you are going to invest in Bitcoin, we suggest you follow the advice given in this article. This will help you make wise decisions and stay safe at the same time. Just make sure you avoid common mistakes when running this business.

It is now the eve of 2018 and Bitcoin is on top of the mountain. The bad days seem to be over, and although a Bitcoin bubble could happen at any time, there is no disputing that the cryptocurrency is here to stay. The sooner you get involved in making money from Bitcoin, the better positioned you will be in 5 years when it becomes an established currency globally.

And if the bubble scares you, investing in Bitcoin is just one option, but not the only one. Bubble or not, you can still make tons of money from Bitcoin. And bubble or not, the value will go up in the future because people are just getting into it.

Make your own bitcoin faucet

Earning Potential: $50 to $800 per month.

A bitcoin faucet is a project where you create a website or app for users to visit. You earn from the site with ads that pay in bitcoins. Ads pay a small amount of bitcoins for a page view, click or conversion.

To encourage a large number of visitors to continue browsing the site on a daily and hourly basis, you offer to split the ad revenue with them by paying in satoshis, which are effectively bitcoin cents. To claim their winnings, the user needs to earn a certain amount of satoshis and payouts are made on a weekly basis.

Faucets pay between 100,000 and 400,000 satoshis per hour. Some offer premium payments for seniority or task achievements.

The faucets started working by solving the captcha and nothing else. Very boring passive income task. New faucets are built in games when users kill aliens, feed creatures or kill robots to earn satoshis, the more they progress in the game, the more they earn. So this is a great idea for your own faucet.

The day when every video game player gets paid to play is just around the corner.

Take into account that Bitcoin faucets tend to default due to insufficient funding or liquidity. Faucet owners aren’t getting paid fast enough to pay a rapidly growing user base. They also tend to be hot targets for hackers.

Generate passive income from your bitcoin blog

Since bitcoin is so new compared to other targeted content, there is a lot of room for new bloggers and sites. New Bitcoin related businesses are popping up every day; everything from bitcoin exchanges, trading, play money sites, faucets, online stores and mining are keen for your ad space.

Bitcoin blog creation and monetization may be slow at first, but consistently posting rich content will get some advertisers interested in no less than 9 months.

You can join some affiliate programs or create your own bitcoin store. Bitcoin faucets, wallets and exchanges pay large commissions per referred user.

Small profits from bitcoin faucets

My first tip was to create your own faucet. If that is too difficult, then try joining one and reap its benefits. Instead of making around $800 a month, it would be more like $30 to $100 a month from a monotonous task, but it’s still money and a first step to start building your bank.

Note that bitcoin faucets are usually faulty and disappear very quickly. So be sure to join some reputable ones like Robotcoin.com and BitcoinAlien.com. They are also fun because you can play games while earning, my biggest recommendation is robotcoin.

Create an online store for a bitcoin product or service

Bitcoin is still difficult to monetize in USD and other hard currencies. Not that it’s extremely difficult, but it does add some fees and taxes to the process. Although it is still one of the cheapest ways to send money anywhere in the world.

Buying things with Bitcoin is a great way to make something useful out of it and helps to skip the exchange fees and taxes. Especially if you can then resell those goods and turn them into hard cash.

There is a great business opportunity in selling goods paid in bitcoins at low prices or in bulk. All you need is a Bitcoin merchant for your Shopify or WooCommerce store like BitPay.com. Shopify now comes with BitPay.

A guide on how to understand Bitcoin and cryptocurrency?

Although Bitcoin is one of the most searched terms (according to Google), it is a very technical topic for many people and can get too technical for non-geeks. However, now there are hundreds of cryptocurrencies and more and more people are starting to want to learn how they work, probably driven by a distrust of bankers, which is a completely different discussion.

It’s hard to get a layman’s explanation without having to use technical terms like “secret keys”, “digital keys”, “digital wallet” and “cryptocurrency”, so I’ll do my best to keep things as simple as possible the clearest I can.

The concept of fiat money, ie. paper currency, was formulated to make it easier for people to exchange for goods or services to replace barter, as this would be limited to an exchange between two willing parties at best, while money allows you to provide your service or goods, then purchase whatever service or good you want from another or others.

This is why I would say that Bitcoin is the 21st century equivalent of barter, as it works as an exchange of goods or services directly between two willing parties. Barter had to be based on every promise and trust to provide and deliver the promised goods or services.

Today with Bitcoin or any other cryptocurrency, each party will need a unique file or a unique key to exchange the agreed upon value with each other.

By having a unique key or file, it becomes easier to maintain a record of each transaction. However, this also comes with problems.

Now, barter is the simple exchange of skills or goods, as I said before, the modern equivalent, or Bitcoin is vulnerable to security breaches, ie. theft or hacking of files, this is where a “cryptocurrency wallet” comes into the equation to protect your transactions.

Basically, you need a secure location for your cryptocurrency/bitcoin purchases and holdings. This is where the need for a hardware wallet comes from.

So now, once you’ve recorded/recorded which address contains what amount of bitcoins, and then updated every time a transaction is made, the file is known as the “Blockchain” – and it keeps a record of all transactions made with bitcoin.

The next problem is to ensure that our files remain unique.

I will deal with this in my next article.

Blockchain is an irrefutable inventive invention that is practically revolutionizing the global business market. Its evolution has brought with it a greater good not only for the business but also for its beneficiaries. But since it is a revelation to the world, the vision of its operational activities is still unclear. The main question on everyone’s mind is – What is Blockchain?

To begin with, Blockchain technology serves as a platform that allows the transit of digital information without the risk of copying. It somehow laid the foundation for a strong backbone of a new kind of internet space. Originally created to deal with Bitcoin – trying to explain to laymen the functions of its algorithms, hash functions and digital signature properties, today technology enthusiasts are finding other potential applications of this impeccable invention that could pave the way to the beginning of a whole new business process in the world.

Blockchain, by definition in all respects, is a type of algorithm and data distribution structure for managing electronic money without the intervention of any centralized administration, programmed to record all financial transactions as well as everything of value.

Blockchain work

Blockchain can be understood as a Distributed Ledger technology that was originally created to support the Bitcoin cryptocurrency. But after heavy criticism and rejection, the technology was retooled for use in more productive things.

To give a clear picture, imagine a spreadsheet that is practically magnified tons of times in multiple computing systems. And then imagine that these networks are designed to update this spreadsheet from time to time. That’s exactly what blockchain is.

The information stored in a blockchain is a shared sheet whose data is matched from time to time. This is a practical way that speaks of many obvious advantages. To be together, blockchain data does not exist in one place. This means that everything stored there is open to public inspection and inspection. Also, there is no centralized information storage platform that hackers can damage. In practice, it has access to over a million computing systems side by side, and its data can be viewed by anyone with an Internet connection.

Blockchain sustainability and authenticity

Blockchain technology is something that minimizes the internet space. It’s a chic, robust character. Similar to offering data to the general public via the World Wide Web, blocks of authentic information are stored on a blockchain platform that is equally visible across all networks.

It is important to note that blockchain cannot be controlled by a single person, entity or identity and has no single point of failure. Just as the Internet has proven to be a durable space for the past 30 years, blockchain will also serve as an authentic, trusted global stage for business transactions as it continues to evolve.

Transparency and incorruptible nature

Industry veterans argue that blockchain lives in a state of consciousness. In practice, it is checked from time to time. It’s similar to a self-auditing technology where its network reconciles each transaction, known as a block, that happens on board at regular intervals.

This gives birth to two main properties of the blockchain – it is very transparent and at the same time it cannot be damaged. Every transaction that takes place on this server is embedded in the network, making everything visible at all times to the public. Furthermore, editing or omitting blockchain information requires a huge amount of effort and strong computing power. Against this backdrop, frauds can be easily identified. Therefore, he is called incorruptible.

Blockchain users

There is no set rule or regulation on who should or can use this flawless technology. Although its potential users are currently only banks, trading giants and global economies, the technology is also open to everyday transactions of the general public. The only drawback blockchain faces is global adoption.