Crypto TREND 2017-01

Everyone has heard of how Bitcoin and other cryptocurrencies made millionaires the ones who bought it a year ago. Not only is it possible to earn 1,000% or more in return, they are commonplace in many such cryptocurrencies. If someone bought Bitcoin for less than $500 in May 2016, his earnings would reach 1400% in about 17 months. Then in the past few days, we have seen Bitcoin lose nearly $1,000, so it would be an understatement to say that these cryptocurrencies are volatile.

Since the advent of Bitcoin in 2008, Trend Micro has been skeptical of the viability of cryptocurrencies because they pose a very obvious threat to governments that want to view all transactions and tax them. However, although we may still be cautious about actual cryptocurrencies, we are well aware of the potential of the underlying technologies that support these electronic currencies. In fact, we believe that this technology will cause major damage to the way data is managed, and it will affect all areas of the global economy, just like the Internet’s impact on the media.

Here are some questions and answers to help us get started…

Q: What is cryptocurrency?

The most famous cryptocurrency (CC) is Bitcoin. It is the first CC, which started in 2008. Today, there are more than 800 CCs such as Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, etc., all of which are “virtual”. There are no “physical” coins or currencies.

Q: How does CC work?

CC is a virtual currency that exists in a very large distributed database. These databases use BLOCKCHAIN ​​technology. Since each blockchain database is widely distributed, it is considered not to be attacked by hackers because there is no centralized point of attack, and every transaction is visible to everyone on the network. Each CC has a group of administrators who verify transactions, usually called “miners”. A CC called Ethereum uses “smart contracts” to verify transactions. Encryption trends will provide more detailed information in upcoming news publications.

Q: What is a blockchain?

Blockchain is the technology that supports all CCs. Every transaction of buying, selling or exchanging CC enters a BLOCK, which is added to the chain. The technology is very complicated and will not be repeated here, but it has the potential to revolutionize the financial services industry because transactions can be executed quickly and easily, thereby reducing or eliminating costs. The technology is also being studied for applications in many other industries.

Q: Is CC Exchange regulated by the government?

In most cases, the answer is no. For some users, this is a major attraction of the market. It is now the “Wild West”, but the governments of most developed countries are studying this market to determine which regulations may be required. A major decision is whether to treat CC as a currency or a commodity/security. So far, Canada and the United States have declared the legality of CC, but the situation in terms of reporting and taxation is still unstable. Encryption trends will follow and report on these developments.

Q: How can I invest in this market?

You can use the services of a specialized “exchange” acting as a broker to buy, sell and exchange CC. First, choose an exchange, set up an account, and then transfer fiat currency to your account. Then you can place an order and buy CC. There are many exchanges all over the world. Opening an account is very simple, and these exchanges all have their own initial funds and withdrawal rules.

Encryption trend Will recommend CC Exchange in the future.

Q: Where should I keep CC?

To be able to move cryptocurrency freely and pay bills, you will need a digital wallet. These wallets come in several formats, such as desktop, cloud-based, hardware (USB), mobile phone and paper. Many of them are free, but security is an important factor because no one wants to lose their wallet or be stolen. The encryption trend will recommend digital wallets in the future.

Q: How do I use CC?

In addition to investing in CC products, you can also use cryptocurrency for certain financial transactions, such as remittances and bill payment. The list of companies that accept cryptocurrencies is growing rapidly, including major companies such as Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway, and WordPress.

Q: What is the next step?

At the beginning, we will keep each Crypto TREND article short and narrow the scope as much as possible. As we mentioned earlier, we believe that cryptocurrency technology will change the rules of the game, and such potential investment opportunities will appear once or twice in a lifetime. There is no doubt that the early investment in the industry will only be used for your most speculative funds, and you can afford to lose funds.

Even if you don’t want to invest at this time, an early understanding of this new disruptive technology will put you in a good position to profit from our advice as we move forward.

When we start the first step of this journey, we hope to see more news and specific suggestions about Crypto TREND. This is a turbulent market and may not attract all investors, but if you are ready, Crypto TREND will be your guide.

stay tuned!

How Does Cryptocurrency Gain Value?

Cryptocurrency is the latest “big thing” in the digital world and is now considered part of the currency system. In fact, enthusiasts label it as a “money revolution.”

To be clear, cryptocurrencies are decentralized digital assets that can be exchanged between users without central authorization, most of which are created through special computing techniques called “mining”.

The acceptance of currencies such as the U.S. dollar, pound sterling, and euro as legal tender is because they are issued by the central bank; however, digital currencies (for example, encrypted currencies) do not rely on the public’s trust and trust in the issuer. Therefore, several factors determine its value.

Factors that determine the value of cryptocurrencies

Principles of free market economy (mainly supply and demand)

Supply and demand are the main determinants of the value of anything of value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency and others are willing to sell it, then the price of that particular cryptocurrency will increase, and vice versa.

Mass adoption

The large-scale adoption of any kind of cryptocurrency can push its price to a climax. This is because the supply of many cryptocurrencies is restricted to a specific upper limit, and according to economic principles, an increase in demand without a corresponding increase in supply will lead to an increase in the price of that particular commodity.

A variety of cryptocurrencies have invested more resources to ensure their widespread adoption, some of which focus on the applicability of their cryptocurrencies in pressing personal life issues and key everyday cases, aiming to make them a necessity in daily life. Indispensable.

Fiat inflation

If fiat currencies (such as the U.S. dollar or the British pound) expand, their prices will rise and their purchasing power will fall. This will then lead to an increase in cryptocurrency (in the case of Bitcoin) relative to that fiat currency. As a result, you will be able to get more fiat currency with each bitcoin. In fact, this situation has always been one of the main reasons for the rise in the price of Bitcoin.

History of scams and cyber attacks

Scams and hacking are also core factors that affect the value of cryptocurrencies, because it is well known that scams and hacking can cause wild valuations to fluctuate. In some cases, the team that supports cryptocurrency may be a liar. They will draw the price of cryptocurrency to attract unsuspecting individuals. When their hard-earned money is invested, the scammer will shorten the price, and then the scammer will disappear without a trace.

Therefore, before investing, please be careful of cryptocurrency scams.

Some other factors that need to be considered will affect the value of cryptocurrencies, including:

  • The storage method of cryptocurrency, as well as its practicality, security, ease of purchase and cross-border acceptance

  • The strength of the community that supports cryptocurrency (including funding, innovation and the loyalty of its members)

  • Investors and users believe that the risks associated with cryptocurrencies are low

  • News sentiment

  • Market liquidity and volatility of cryptocurrencies

  • National regulations (including the prohibition of cryptocurrency and ICO in China and their acceptance as legal tender in Japan)

Bull Market Early or Bear Market Trap?

For virtual currency investors, the more important question is whether this round of currency price increases is a bull market restart or a bear market trap.

Last night, Bitcoin experienced a soaring price in just an hour. The price rose from approximately US$6,800 for violent conflict to a maximum of US$8,100. It rose by nearly 20% during the day. Under the leadership of Bitcoin, other virtual currencies have also ushered in a strong rebound, with a single currency’s revenue even exceeding 50%. Faced with the collective heating up of the virtual currency market, many investors shouted “the bull market is back.”

According to data from the CoinMarketCap website, the market value of Bitcoin has increased by nearly 20 billion U.S. dollars in one day, and the entire virtual currency market has also experienced overall market growth. There is no “seeking” effect. According to Bitcoin’s daily trading volume of more than 9 billion U.S. dollars, billions of incremental funds should have entered the market yesterday instead of stock funds.

In fact, in the booming era of Bitcoin, the digital currency trading platform Bitfinex also recorded many large transactions. With the increase in the purchase of bitcoins, many short positions were forced to close out, further expanding the upward trend of the market. For this phenomenon, Cypher Capital data director Nick Kirk also agreed. At the same time, he also believes that this sharp rebound is likely to be a response to the release of early regulatory pressure.

Pantera Capital Management, one of the world’s largest digital currency hedge funds, said that Bitcoin has bottomed out. $6,500 is the low point of the Bitcoin bear market. Bitcoin will be above this price for most of this year, and may even exceed last year’s all-time high of $20,000.

Fundstrat founder Tom Lee also expressed his confidence in Bitcoin. He believes that the current Bitcoin price-to-book ratio and other indicators are almost the same as the bear market at the end of 2014, and important technical corrections have been formed. Based on this, he stated that the value of Bitcoin may more than triple this year and rise to $25,000 by the end of this year.

Historical data shows that Bitcoin did rise in the second quarter of the calendar year. In the second quarter of 2011, Bitcoin’s growth rate was as high as 1964%, 2012’s growth rate was 36.25%, 2016’s growth rate was 61.98%, and 2017’s growth rate was 131%.

Of course, Bitcoin OTC trading volume also shows signs of market recovery. Since March, Bitcoin transaction volume in Canada, Europe, Vietnam, Mexico, and Vietnam has risen and reached a record high.

With the successive entry of major financial institutions such as hedge fund giant Soros and the top financial group Rockefeller family, the financial scale of the virtual currency market will further expand.

However, it is worth noting that although Bitcoin currently has a strong rise, it is still in a downward trend channel and has not yet been effectively broken. Whether the virtual currency market has actually reversed remains to be seen. Investors should always remain vigilant and pay attention to position management.

More importantly, the world’s major Bitcoin markets, including the United States, are seeking to establish a regulatory framework. Regulatory uncertainty will inevitably have a greater impact on the short-term development of the virtual currency market. In the long run, an orderly and healthy market can go further.

6 Incredible Benefits Of the Cryptocurrency

In the past few years, people have been talking about cryptocurrencies. At first, this business sounded scary, but people began to trust it. You may have heard of Ethereum and Bitcoin. They are all encrypted currencies and use blockchain technology to achieve the highest security. There are several types of these currencies today. Let us know more about it.

How can cryptocurrency help you?

As far as fraud is concerned, this currency cannot be forged in digital form, nor can it be forged or forged like a credit card.

Resolve immediately

The purchase of real estate involves third parties, such as lawyers and notaries. Therefore, delays may occur and additional costs may be incurred. On the other hand, Bitcoin contracts are designed and executed to include or exclude third parties. The transaction is fast, and settlement can be done immediately.

Lower cost

Generally, if you want to exchange Bitcoin or any other currency, you don’t need to pay any transaction fees. In order to verify the transaction, minors obtain payment through the Internet. Despite zero transaction fees, most buyers or sellers hire third-party services (such as Coinbase) to create and maintain their wallets. If you don’t know, these services function like Paypal, which provides a web-based exchange system.

Theft identification

When you provide a credit card to a merchant, your merchant will get your full credit limit. This is true even if the transaction amount is small. In fact, what happened is that the credit card works based on a “pull” system, in which the online store withdraws the required amount from the account associated with the card. On the other hand, digital currency has a “push” mechanism in which the account holder only sends the required amount without any other information. Therefore, there is no chance of being stolen.

Open access

According to statistics, about 2.2 billion people use the Internet, but not everyone can use traditional exchanges. Therefore, they can use the new payment method.

Decentralization

In terms of decentralization, an international computer network called “blockchain technology” manages the Bitcoin database. In other words, Bitcoin is managed by the network and there is no central authority. In other words, the network works on a peer-to-peer approach.

recognize

Since cryptocurrency is not based on exchange rates, transaction fees or interest rates, you can use it internationally without any problems. Therefore, you can save a lot of time and money. In other words, Bitcoin and other similar currencies are recognized worldwide. You can count on them.

Therefore, if you have been looking for a way to invest excess funds, you can consider investing in Bitcoin. You can become a miner or investor. However, make sure you know what you are doing. Security is not a problem, but other things must be kept in mind. Hope this article is helpful to you.

Cryptocurrency and Taxation Challenges

Cryptocurrency has been in the news lately because tax authorities believe that cryptocurrency can be used for money laundering and tax evasion. Even the Supreme Court has appointed a special investigation team on black money, recommending not to use this currency for transactions. According to reports, China has banned some of the largest bitcoin trading operators, but countries such as the United States and Canada have enacted laws to restrict cryptocurrency stock trading.

What is cryptocurrency?

As the name suggests, cryptocurrencies use encrypted codes for transactions. These codes can be recognized by other computers in the user community. No need to use paper money, but to update the online ledger through ordinary bookkeeping entries. The buyer’s account is debited, and the seller’s account is credited in that currency.

How to conduct cryptocurrency transactions?

When a user initiates a transaction, her computer issues a public password or public key that interacts with the private password of the recipient of the currency. If the recipient accepts the transaction, the startup computer will attach a piece of code to several blocks of this encrypted code known to every user in the network. Special users named “miners” can solve cryptographic puzzles, attach additional codes to public shared blocks, and earn more cryptocurrency in the process. Once the miner confirms the transaction, the record in the block cannot be changed or deleted.

For example, BitCoin can also be used on mobile devices to make purchases. All you need to do is to have the receiver scan the QR code from the app on your smartphone, or use Near Field Communication (NFC) to make it face-to-face. Please note that this is very similar to ordinary online wallets such as PayTM or MobiQuick.

Stubborn users swear by BitCoin’s decentralization, international recognition, anonymity, transaction permanence and data security. Unlike paper money, no central bank can control the inflationary pressures of cryptocurrencies. The transaction ledger is stored in a peer-to-peer network. This means that every computer will use its computing power and store a copy of the database on every such node in the network. On the other hand, banks store transaction data in central repositories, which are privately owned by companies employed.

How can cryptocurrency be used for money laundering?

The fact that the central bank or tax authorities cannot control cryptocurrency transactions means that transactions cannot always be marked as specific individuals. This means that we do not know whether the trader has legally obtained the store of value. Traders’ shops are also under suspicion, because no one can say what they think about the currency they receive.

What does Indian law say about this virtual currency?

Virtual currency or cryptocurrency is generally regarded as software and therefore classified as a commodity under the Goods Sale Act of 1930.

Good indirect taxes are levied on their sales or purchases, and GST is levied on the services provided by miners.

There is still a lot of confusion as to whether cryptocurrency can be effective as a currency in India. The Reserve Bank of India has the power to clear and pay the system and prepaid negotiable bills. Of course, it does not authorize buying and selling through this medium of exchange.

Therefore, any cryptocurrency received by Indian residents will be controlled by the 1999 “Foreign Exchange Control Act” as the country’s commodity imports.

India allows tax evasion or money laundering activities with built-in safeguards and built-in safeguards that implement the “know your customer” specification to conduct bitcoin transactions on special exchanges. These exchanges include Zebpay, Unocoin and Coinsecure.

For example, those who invest in Bitcoin are responsible for charging fees for dividends received.

Capital gains from the sale of securities involving virtual currencies should also be taxed as income, and then an IT declaration form should be filed online.

If you are investing heavily in this currency, it is best to get the help of personalized tax services. The online platform has greatly simplified the tax compliance process.

What Is YOUR Government Going to Do About Crypto?

Many countries are now actively considering how to deal with cryptocurrencies (CC’s) because they do not want to miss taxes, and to some extent they believe that in order to protect consumers, they need to adjust this market space. Knowing that there are incidents of fraud and hacking and piracy, it is worth mentioning that consumer protection is considered at these levels. The Securities and Exchange Commission (SEC) was established in the United States for this purpose, and the SEC has established some regulations for CC exchanges and transactions. Other countries have similar regulatory agencies. Most countries are working hard to formulate appropriate regulations, and these “rules” are likely to last for several years as the government finds effective methods. Some of the benefits of CCs are that they are not controlled by any government or central bank, so it can be an interesting tug of war to observe how much regulation the government will impose over the years.

For most governments, the biggest concern is the potential to increase revenue by taxing the profits generated in the CC market space. The central question to be solved is whether to treat CC as an investment or a currency. So far, most other governments have tended to treat CC as an investment, just like all other commodities that use the capital gains model to tax profits. Some governments regard CC as the only currency whose relative value fluctuates daily, and they will use tax rules similar to foreign exchange investments and transactions. Interestingly, Germany has crossed the fence here and decided not to levy taxes on CC that is directly used to purchase goods or services. If we often use all these investment profits to directly buy something (for example, a new car), then all our investment profits can be tax-deductible, which seems a bit confusing and infeasible. Maybe Germany will fine-tune its policy or reconsider it as they move forward.

Given that there is no consistent global law that requires CC exchanges to report CC transactions to the government, it is more difficult for the government to enforce tax rules. The global and distributed nature of the CC market makes it almost impossible for any country to understand all transactions of its citizens. Tax evasion has occurred because several countries provide global banking services, which are often used as tax havens, thereby freeing funds from taxation. At that time, the nature of CC was naturally born in areas where the government lacked supervision, with both drawbacks and drawbacks. It takes time for the government to complete all these tasks through trial and error-this is still brand new, which is why we call CC and blockchain technology “game changer”.

stay tuned

Are You Planning to Set Up Your Own Cryptocurrency Exchange Platform?

If we look at the most influential recent developments, there is no doubt that the first thing that comes to mind is cryptocurrency. People make huge profits by investing in cryptocurrencies such as Bitcoin at the right time. By simply providing investors with a cryptocurrency trading platform to trade cryptocurrencies, many people have also successfully passed the heyday.

It is very easy to communicate. But before starting your own communication, you need to understand some basic knowledge.

Let’s take a look at them-

Do you have a target audience?

One of the most important things to consider before setting up any business platform is to determine the target audience. It’s the same here.

When you plan to build a Bitcoin exchange platform, the first thing you need to analyze and figure out is the audience you want to target.

For example, in the case of Bitcoin, you can target both a local audience and a global audience. Therefore, you need to determine who your target audience is and then formulate the development process. Why is this important? Well, you will learn about it in the following sections.

Do you understand the legal terms?

The second thing you need to consider is the legal terms and conditions you need to follow.

There are many questions about the legal aspects related to cryptocurrencies, but you may be surprised to find that in 96 countries, Bitcoin transactions are still unrestricted.

Therefore, creating a cryptocurrency exchange platform while targeting these countries may prove to be the best idea.

Don’t forget to always study carefully the legal guidelines in the area where the plan is to be implemented.

Do you have a partner bank?

Another thing to keep in mind here is that you will need a partner bank. The simple reason behind this is that you are going to deal with financial transactions.

To ensure smooth and easy financial transactions, you need to ensure that you get the right support in the form of a partner bank.

Therefore, you need to contact some banking institutions to see if they can help you and understand their terms and conditions.

Do you have a suitable partner to develop this platform?

The most important step in this process is to find the right professionals who can help you develop a secure platform. We specifically mention the term security because the huge popularity of cryptocurrencies has made these exchanges the prime target of hackers.

To ensure that your reputation will not be hit by unnecessary things, you need to focus on creating a secure platform. You can easily achieve this goal by hiring an experienced developer who should understand all the ins and outs of the industry.

For example, they can test the platform by imitating a malware attack and see how your cryptocurrency exchange platform resists it.

in conclusion

The last point summarizes the basic knowledge to keep in mind when planning to build a cryptocurrency exchange platform for yourself. Once you have the answers to these questions, you can easily develop and profit from them.

However, if you want to participate in this game for a long time, be sure to take all necessary legal, compliance and security measures.

So, are you willing?

Can You Mine Bitcoins on Your Smartphone?

Let’s take a look at the Bitcoin price index from July 2012 to September 2020 to better understand this digital currency-

Users who have made bitcoin transactions have used many applications on Android, and these applications are also used to store bitcoin. There are several apps available, and you can download the best Bitcoin app from Google or Google Play Store.

As the price of Bitcoin in India continues to rise and fall, Bitcoin will remain at the current price or fall. In addition, Bitcoin mining takes precedence over all other things, and there are some smart phone applications that can mine Bitcoin. If you are not interested in mining, you can use Bitcoin exchanges such as WazirX in India to buy Bitcoin.

Can I use Mobile to mine Bitcoin?

Yes, it is possible to conduct mobile Bitcoin mining; but there are some reasons why it cannot continue. In addition, there are almost no cryptocurrencies that do not require a proof-of-work mechanism and can be mined on smartphones.

We know that today’s smart phones are very powerful and can be used for cryptocurrency mining. However, when we compare the tools miners use for Bitcoin mining, they are very powerful and complex, and mining in a smartphone means that they are less attractive in terms of rewards.

Users can mine Bitcoin on a smaller scale on their smartphones, or they can join mobile mining farms or mining pools. When the miners in the network share their rewards, you will get a small portion based on your computing power.

How do you use your smartphone for mining?

You can use your smartphone for Bitcoin mobile mining by using Android because it is a mining-friendly OS for mobile devices. As the BTC exchange rate in India fluctuates, the market is developing more apps for Android that allow you to mine Bitcoin directly from your smartphone. Depending on the situation, these applications cannot be found in the Google Play Store.

Apps that can be used to mine bitcoins via smartphones

If you can still mine Bitcoin from a mobile device, the only requirement is that you need a mining application and a battery charger for backup. Given below are a few applications that can be used to mine bitcoins via smartphones.

  • Miner gate
  • This is a mobile miner application that helps you mine Bitcoin and Altcoins. Some of these include Dash and other altcoins. In addition, MinerGate provides the best built-in wallet where you can store Bitcoin and other cryptocurrencies.

  • Bitcoin miner
  • It is one of the most popular applications currently available on most devices. It provides a user-friendly interface, and you can find that its performance evaluation is very good. The Bitcoin Miner app supports multiple altcoins.

  • AA miner
  • This application supports several cryptocurrencies, including Bitcoin, Litecoin, Dash, DigitalNote, etc. The application is mainly used to mine cryptocurrency for Android.

    Final thoughts

    Even if mining through mobile devices does not provide more rewards, it is not a complicated process. The only requirement is that you need a smartphone and download the best mining application. When you use your smartphone, the application will run in the background; these applications will interfere with the performance of your smartphone. In short, we can say that smart phone mining is one of the simple ways to earn cash, but not like using dedicated hardware through a computer.

    Visa Says You Can Buy Almost Anything, Except Crypto Currencies

    This week’s news is that several banks in the United States and the United Kingdom have banned the use of credit cards to purchase cryptocurrency (CC). The reasons stated are unbelievable-such as trying to reduce money laundering, gambling, and protecting retail investors from excessive risks. Interestingly, banks will allow the purchase of debit cards, which clearly shows that the only risk protected is their own risk.

    With a credit card, you can gamble in the casino, buy guns, drugs, alcohol, pornography and everything you want, but some banks and credit card companies want to prohibit you from using their facilities to buy cryptocurrency? There must be some convincing reason, not the stated reason.

    One thing that banks worry about is how difficult it will be to confiscate the transcript holder when the credit card holder defaults on payment. This is much more difficult than re-owning a house or car. The private key of an encrypted wallet can be placed on a memory stick or paper and easily deleted from the country with little or no trace. There may be a high value in some cryptocurrency wallets, and the credit card debt may never be repaid, leading to bankruptcy declarations and causing significant losses to the bank. The wallet still contains cryptocurrency, and the owner can later access the private key and use the foreign local CC Exchange for exchange and pocket money. It is indeed an evil scene.

    We are certainly not advocating this illegal behavior, but the banks are aware of this possibility and some of them want to close it. This will not happen with debit cards, because the bank will never pay out of pocket-the money will be withdrawn from your account immediately and only when you have enough money to start with. We can hardly find any honesty in the bank’s stories about reducing gambling and risk-taking behavior. Interestingly, Canadian banks have not jumped onto this trend, perhaps realizing that the reasons for doing so are false. The consequence of these actions is that investors and consumers are now aware that credit card companies and banks do indeed have the ability to limit the goods you can buy with their credit cards. This is not how they advertise cards. For most users who are accustomed to deciding what to buy, this may be a surprise, especially from CC Exchanges and all other merchants who have established merchant agreements with these banks. The exchange did nothing wrong-nor did you do it wrong-but the fear and greed of the banking industry are causing strange things to happen. This further illustrates the extent to which the banking industry is threatened by cryptocurrencies.

    At this point, there is little cooperation, trust or understanding between the fiat currency world and the CC world. There is no central control agency in the CC world to fully implement regulations, which makes every country around the world trying to figure out what to do. China has decided to ban CC, Singapore and Japan have embraced them, while many other countries are still working hard. What they have in common is that they want to tax CC investment profits. This is not quite similar to the early days of digital music. The Internet facilitated the unrestricted dissemination and distribution of unlicensed music. In the end, the digital music licensing program was developed and accepted because listeners can pay for music instead of endless piracy, and the music industry (artists, producers, record companies) can also use reasonable licensing fees instead of nothing. Can the future of fiat currency and digital currency be compromised? As people all over the world become more and more tired of high bank profits and over-dominated banking life, it is hoped that consumers will be respected instead of being perpetually troubled by high costs and unnecessary restrictions.

    Cryptocurrency and blockchain technology have increased the pressure to make reasonable compromises on a global scale-this is a game changer.

    stay tuned!

    How to Make Money From Bitcoin Online

    It is the eve of 2018 and Bitcoin has reached the top of the mountain. The bad days seem to have passed. Although the Bitcoin bubble may occur at any time, no one is arguing whether this cryptocurrency will exist. The sooner you step in to make money from Bitcoin, when it becomes a globally recognized currency, you will have a better foundation within 5 years.

    And, if the bubble scares you, then investing in Bitcoin is only one of the options, not the only option. Bubble or not, you can still make a lot of money from Bitcoin. Regardless of whether there is a bubble, the value of the future will rise because people are just participating in it.

    Let you have a Bitcoin faucet

    Income potential: From $50 to $800 per month.

    Bitcoin Faucet is a project where you can create a website or application for users to access. You can use advertisements paid in Bitcoin to monetize the website. These ads need to pay a small amount of Bitcoin every time they are viewed, clicked or converted.

    In order to encourage a large number of visitors to continue browsing the site every day and hour, you can choose to earn income from advertising and pay at the price of Satoshi, which is basically Bitcoin cents. To claim the bonus, users need to earn a certain amount of Satoshi and make a payment once a week.

    The faucet pays 100,000 to 400,000 satoshis per hour. Some provide seniority or premiums for completing tasks.

    Faucet started to solve the verification code problem, nothing more. A very boring passive income task. When users kill aliens, feed small animals, or kill robots to earn Satoshi, new taps are being built in the game. The more they advance in the game, the more money they make. Therefore, this is a good idea for your own faucet.

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

    Consider that Bitcoin faucets tend to default due to insufficient funds or liquidity. The owners of the faucet did not receive their payments fast enough to cover the rapidly growing user base. They also often become popular targets for hackers.

    Generate passive income from your Bitcoin blog

    Since Bitcoin is too new compared to other target content, there is still a lot of room for new blogs and websites. New businesses related to Bitcoin are emerging every day; Bitcoin exchanges, transactions, entertainment venues, faucets, online stores, and mining are all suitable for your advertising space.

    Creating a Bitcoin blog and monetizing may be slow at first, but the continuous release of rich content will make many advertisers interested in no less than 9 months.

    You can join some membership programs or set up your own bitcoin store. For each recommendation, Bitcoin faucets, wallets and exchanges have to pay high commissions.

    Small gains from Bitcoin faucets

    My first suggestion involves creating your own faucet. If this is too difficult, try to join one of them and benefit from it. Rather than earning around $800 a month, monotonous tasks may cost between 30 and 100 dollars a month, but this is still money and the first step in starting a bank.

    Please note that Bitcoin faucets are prone to failure and will disappear quickly. Therefore, make sure to join some well-known companies such as Robotcoin.com and BitcoinAlien.com. These are also very interesting, because you can play games while playing, my most recommended is robot coins.

    Create an online store for Bitcoin products or services

    Bitcoin is still difficult to monetize through the U.S. dollar and other hard currencies. It’s not that this is very difficult, but that some fees and taxes are charged for 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 them useful and helps to skip exchange fees and taxes. Especially if you can resell these items and convert them into cash.

    There are great business opportunities to sell or wholesale goods paid in Bitcoin at low prices. All you need is a Bitcoin merchant in Shopify or WooCommerce stores (such as BitPay.com). Shopify already comes with BitPay.