How To Copy Successful Forex Traders

Last year, several top Forex brokers introduced the concept of social trading on Forex. The idea is simple: the best Forex traders share their trades with the community, and other traders are free to copy their trading strategies. This is a new idea that allows novice Forex traders to learn from Forex experts.

Many of the best social Forex brokers allow you to search for traders to copy based on profit, risk level and the number of other traders who copy the Forex trading expert. This makes it easy to find popular Forex traders to copy, but there are a few things you should consider when copying a Forex trader.

  1. Popular doesn’t always mean best. Most brokers allow you to see how many people are copying a Forex expert. However, the number of copiers alone does not necessarily indicate a strong trader. Many times, users flock to a trader after he has made one big profit trade, hoping to strike again. A trader may have thousands of followers, but that doesn’t mean the followers are making money.
  2. Don’t copy a Forex trader just because of the high profitability. Just like a trader’s popularity, a Forex trader’s results can be misleading if not read properly. One of the most popular Forex brokers has dozens of traders whose statistics reflect 300% profit from Forex trading. That’s a surprising number, but you have to consider the number of trades and the amount of capital you’re risking for those profits. If you don’t have a large trading account, you may not be able to survive the drawdowns that occur on the way to those big Forex profits.
  3. Check the risk profile. Most of the leading social Forex brokers offer some measure of trader risk. While many high-risk Forex traders manage to make big profits, the strategies used may not work for all traders. Beginner Forex traders, in particular, should copy lower risk traders so that one trade does not put their entire account at risk.
  4. Diversify! Don’t risk your entire Forex trading account copying one trader. Instead, choose a few different traders and split your money between them. This will reduce the overall risk, as only part of your account will be at risk when a trader makes a risky trade. Yes, you may miss out on a great trading opportunity from time to time, but the goal is to make a steady profit in Forex.

If you keep these ideas in mind, you will have a much better chance of successfully copying other Forex traders. Social forex trading programs are a great way to start trading forex while reducing risk while new traders learn the forex market. However, risk still exists and traders should be wise in their decisions when choosing traders to copy.

5 Benefits of Investing in Bitcoins

If you are interested in investing money in bitcoins, we suggest that you familiarize yourself with the advantages of this currency in this article. According to many studies, Bitcoin investors are the most successful investors in the world. For example, the founders of Richard Branson, eBay, PayPal and Yahoo have invested huge sums in this currency. Although your financial success depends on a number of factors, this digital currency is gaining a lot of popularity around the world. Read on to learn more.

Unlike other currencies of the world, cryptocurrencies offer a lot of advantages. Most currencies are subject to a number of problems that affect value and purchasing power. On the other hand, the good thing about cryptocurrencies is that they do not have many problems to face as their purchasing power is not controlled by any authorities. Let’s check out some of the benefits of this investment.

Low risk of inflation

We know that conventional currencies are regulated by the issuing governments. Sometimes this causes the value of the currency to increase or decrease significantly as the government tries to keep printing a lot of money. When the value of a currency falls, so does its purchasing power. So it takes more money to buy the same thing.

So it works as a tax on the money you already have. With Bitcoin, there is a different system. According to experts, one unit of this currency is enough for the needs of 500 people around the world. This is quite interesting information.

Less risk of falling

According to investors, this currency has less downside risk than conventional alternatives. The reason is that it has a global circulation and is not influenced by government policies. In other words, even if the regular currency collapses or hyperinflation occurs, Bitcoin will not lose its value.

Transactions are quite simple

Another advantage of this currency is that it allows easy, cheap and simple transactions. Since buyers do not have the right to claim their funds back after the purchase, sellers can ship the item without worrying about losing money.


Existing major currencies are difficult to carry around, especially in large quantities. Besides, it is very risky to carry millions of dollars to satisfy your buying needs. On the other hand, Bitcoin offers portability, which means you don’t need to carry a single dollar around.

No tracing

Cryptocurrencies cannot be traced back to their source, which is another advantage of investing in Bitcoin. Once the seller receives the coins, they will not return to the buyer no matter what. Therefore, no government can trace the source of the funds.

In short, if you want to invest in Bitcoin, we suggest you consider the benefits explained in this article. This will help you make the best decision to meet your needs. Hope this helps.

5 Benefits of Cryptocurrency: Everything You Need to Know

If you are looking for a good alternative to cash and credit cards, you can try cryptocurrency. Today, this currency is quite popular all over the world. Many companies now accept payments through cryptocurrency, just as they do with regular currency. Bitcoin is one of the most popular cryptocurrencies, so a large number of people invest in Bitcoin. Working on the blockchain, you can make transactions without any security risks. In this article, we are going to discuss some of the most prominent advantages of cryptocurrency.

Easy transactions

If you often deal with legitimate representatives and brokers, you know that they charge a large fee for each transaction. In addition, you have to pay for a large number of documents, commissions and brokerage services.

On the other hand, if you use cryptocurrency, you can cut out all the middlemen. You will use a secure network for all transactions. Each transaction is transparent and does not involve large fees.

Transfer of assets

Transferring ownership of cryptocurrency from one person to another is easy. Blockchain is behind all ecosystems. So you can do all your transactions in a safe and secure environment.

The good thing about cryptocurrency is that it allows you to add third-party approval for future payments. If you have this currency, you can easily transfer assets without any problems.

Confidential Transactions

In the case of cash or credit, there is a record of each transaction. And these records are also kept at the bank where you have the account. Every time you make a transaction, your bank keeps a record of it. Even if you are a business owner, your bank knows how much money you have in your bank account. This is not good from a privacy perspective.

The beauty of cryptocurrencies is that each transaction is unique. Every deal involves negotiation terms. There is a concept of a nudge that creates a framework for sharing information. Nothing will be disclosed to the recipient except as you allow. Thus, you will have complete privacy and identity protection.

Low transaction fees

When you check your bank statement, you’ll be surprised to see that the bank has charged you a fee for every transaction you’ve made so far. If you do a lot of transactions every day, the total amount of bank fees will be quite high.

On the other hand, transaction fees in case of cryptocurrency are very low. However, if you hire a third-party service to maintain your crypto wallet, you may have to pay for that service. However, these fees are much lower compared to the fees charged by conventional banks.

Peace of mind

You can use the Internet to transfer cryptocurrency with complete peace of mind. Basically, anyone can use this service as long as they have internet access. All you need to do is to have a basic understanding of the cryptocurrency network. In short, these are just some of the main benefits of using cryptocurrency.

Infliv Exchange is a game changer

Infliv aims to give all crypto traders more commission-free profits. It is the first full-fledged exchange that supports multiple cryptocurrencies/tokens on a single platform.

Infliv is a company name that means information is alive = INFLIV. Cryptocurrency and blockchain is the demand and requirement of modern times, infliv crypto exchange platform provides a convenient platform for new traders. is a cryptocurrency exchange that allows users to trade multiple cryptocurrencies against BTC, ETH, USDT and its own IFV token.

We aim to provide a fast and secure trading experience for our clients in BTC, ETH, USDT and IFV trading options. Infliv prioritizes the security of user funds and information by requiring users to enable 2FA using Google Authenticator or a U2F security key. To protect the safety of the funds, most of the system funds are kept in cold wallets and only approx. 0.5% of crypto assets are available in hot wallets for everyday platform operations.

Feature deployment

We will deploy the platform in roughly the following order

  • Spot trade

  • Margin trading

  • Futures

  • Anonymous instant exchange

Infliv will support trading pairs in the following coins

  • BTC

  • ETH

  • USDT

  • BMP

All traders want minimal crypto trading fees, so we don’t have any trading fees. Infliv is the world’s first subscription-based (subscription) cryptocurrency exchange where you can trade unlimitedly with minimal monthly payments and earn monthly profits from your Infliv Token shares.

Infliv is a world-class digital currency (cryptocurrency) exchange, Infliv is the world’s only Initial Coin Offering (ICO) cryptocurrency exchange that allows you to trade with a monthly subscription, you don’t have to pay for every trade on the Infliv exchange. , In the global digital currency revolution. Infliv aims to give all crypto traders more commission-free profits. It is the first full-fledged exchange that supports multiple cryptocurrencies/tokens on a single platform.

Problems and solutions


Trading fees are mostly a small percentage or a fraction of a percentage, so most people don’t care about them. But if you are a professional trader – or want to become one – then over time you pay too much money in fees.


To avoid this, INFLIV introduces the world’s first subscription (membership) cryptocurrency trading platform that still allows you to trade for a whole month without a TRADING PAYMENT. Monthly subscription only is 0.02 ETH. Use IFV token to pay, enjoy 50% discount on subscription fee.

Token distribution details

The Infliv (IFV) token is created with an ERC20 token based on the Ethereum blockchain technology. This technology provides scalability and security for users. Token holders will be granted exclusive benefits such as profits. Infliv token holders earn 60% of the Token Ratio income from the total monthly subscription fee received on the Infliv exchange and also pay the monthly subscription fee with infliv tokens and get a 50% discount on the fee. Infliv (IFV) supports all Ethereum wallets.

Why buy Infliv Token?

Infliv represents a solid investment opportunity for investors looking to get rich over a period of time. This is not a get-rich-quick scheme or an opportunity to make money overnight. Investors who buy tokens and hold them for the long term will achieve exceptional results and returns on their investments.

  • An experienced management team with experience in managing a successful company.

  • All traders want minimal trading fees. We do not have any trading fees.

  • Infliv presents the world’s first subscription-based (membership) cryptocurrency exchange.

  • Token holders will be granted exclusive benefits such as profits. Infliv token holders earn 60% of the Token Ratio income from the total monthly subscription fee received on the Infliv exchange and pay the monthly subscription fee with the infliv token and get a 50% discount on the fee.

  • In the future (2019), Infliv will build a decentralized exchange where IFV will be used as one of the key underlying assets as well as gas to be consumed.

  • 24 hour customer support. We have seen that cryptocurrency is the currency of the future and blockchain is the new discovery of this century, so we provide a fast and safe trading experience for our customers in BTC, ETH, USDT and IFV trading options, Infliv prioritizes the safety of funds and users’ information by demanding users to enable 2FA using Google Authenticator or U2F security key. To protect the safety of the funds, most of the system funds are kept in cold wallets and only approx. 0.5% of crypto assets are available in hot wallets for everyday platform operations.

Blockchain and IoT – How "Crypto" Probably going to Herald Industry 4.0

While most people only started learning about “blockchain” thanks to Bitcoin, its roots – and applications – go much deeper.

Blockchain is a technology in itself. It powers Bitcoin and is essentially the reason *so many* new ICOs have flooded the market – it’s ridiculously easy to set up an “ICO” (no barriers to entry).

The point of the system is to create a decentralized database – which essentially means that instead of relying on the likes of Google or Microsoft to store data, a network of computers (usually controlled by individuals) can act as same as a larger company.

To understand the implications of this (and thus where the technology could lead the industry) – you need to look at how the system works at a fundamental level.

Created in 2008 (1 year before Bitcoin), it is an open source software solution. This means that its source code can be downloaded and edited by anyone. However, it should be noted that the central “repository” can only be changed by individuals (so the “development” of the code is not a free-for-all in principle).

The system works with a so-called Merkle tree, a type of data graph that was created to provide versioned data access to computer systems.

Merkle trees have been used to great effect in a number of other systems; especially “GIT” (source control software). Without getting too technical, it basically stores a “version” of a dataset. This version is numbered, and thus can be downloaded at any time if the user wishes to recall its old version. In the case of software development, this means that a set of source code can be updated on multiple systems.

The way it works is by keeping a huge ‘file’ of updates to a central dataset – this is basically what powers systems like ‘Bitcoin’ and all other ‘crypto systems’. The term “crypto” simply means “cryptographic”, which is the technical term for “encryption”.

Regardless of his core work, the real benefit of wider “on-chain” adoption is almost certainly the “paradigm” he provides to industry.

The idea called “Industry 4.0” has been floating around for several decades. The idea often associated with the Internet of Things is that a new level of “autonomous” technology could be introduced to create even more efficient manufacturing, distribution and delivery methods for businesses and consumers. Although it was often called for, it was never adopted.

Many experts now see technology as a way to facilitate this change. The reason is that the interesting thing about “cryptography” is that – as systems like Ethereum especially demonstrate – the various systems that are built on top of it can actually be programmed to work with a layer of logic.

This logic is exactly what IoT / Industry 4.0 is still missing – and why many are looking to “blockchain” (or its equivalent) to provide a base-level standard for new ideas moving forward. This standard will enable companies to create “decentralized” applications that allow intelligent machines to create more flexible and efficient manufacturing processes.

Preparing for the Cryptocurrency World: Chinese Edition

Over the past year, the cryptocurrency market has been hit hard by the Chinese government. The market took the hits like a warrior, but the combinations took their toll on many cryptocurrency investors. The market’s stellar performance in 2018 pales in comparison to its stellar 1,000 percent growth in 2017.

What happened?

The Chinese government has been taking measures to regulate cryptocurrency since 2013, but it’s nothing compared to what was enacted in 2017. (See this article for a detailed analysis of the Chinese government’s official announcement)

2017 was a landmark year for the cryptocurrency market with all the attention and growth it achieved. Extreme price volatility has forced the Central Bank to take more extreme measures, including banning Initial Coin Offerings (ICOs) and restricting domestic cryptocurrency exchanges. Shortly thereafter, mining plants in China were forced to close due to excessive electricity consumption. Many exchanges and factories moved overseas to avoid regulation but remained accessible to Chinese investors. Nevertheless, they never managed to escape from the claws of the Chinese dragon.

In the latest series of government-led efforts to monitor and ban cryptocurrency trading among Chinese investors, China has extended its “Eagle Eye” to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of conducting transactions with foreign crypto exchanges and related activities are subject to measures ranging from limiting withdrawal limits to freezing accounts. There are even ongoing rumors among the Chinese community of tougher measures to be applied to overseas platforms that allow trading between Chinese investors.

“As for whether there will be further regulatory action, we have to wait for orders from higher authorities.” Excerpts from an interview with the group leader of the China Public Information Network Security Supervision Agency under the Ministry of Public Security, February 28


Imagine your child investing their savings in a digital product (in this case, cryptocurrency) whose authenticity and value they have no way to verify. He or she could get lucky and get rich, or lose everything when the crypto bubble bursts. Now scale that to millions of Chinese citizens and we’re talking billions of Chinese yuan.

The market is full of scams and pointless ICOs. (I’m sure you’ve heard the news about people sending coins to random addresses with the promise of doubling their investment and ICOs that just don’t make sense). Many ignorant investors are in it for the money and care less about the technology and innovation behind it. The value of many cryptocurrencies is derived from market speculation. During the crypto boom of 2017, participate in any ICO with a well-known advisor on board, a promising team, or decent hype, and you’ll be guaranteed at least 3x your investment.

A lack of understanding of the firm and the technology behind it, combined with the proliferation of ICOs, is a recipe for disaster. Central Bank members report that almost 90% of ICOs are fraudulent or involve illegal fundraising. In my opinion, the Chinese government wants to make sure that cryptocurrency remains “controlled” and not too big to fail in the Chinese community. China is taking the right steps towards a safer, more regulated world of cryptocurrencies, albeit aggressive and controversial ones. In fact, it may be the country’s best move in decades.

Will China issue an ultimatum and make cryptocurrency illegal? I highly doubt it because it’s a pretty pointless thing to do. Currently, financial institutions are prohibited from holding any crypto-assets, while individuals are permitted but prohibited from conducting any form of trading.

A government cryptocurrency exchange?

At the annual “Two Sessions” (so-called because both major parties, the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPC) take part in a forum held in the first week of March), leaders gather to discuss recent issues and make necessary amendments to the law.

Wang Pengjie, a member of the NPCC, addressed the prospect of a state-owned digital asset trading platform and initiated educational projects on blockchain and cryptocurrency in China. However, the offered platform requires an authenticated account to allow trading.

“With the establishment of relevant regulations and the cooperation of the People’s Bank of China (PBoC) and the China Securities Regulatory Commission (CSRC), a regulated and efficient cryptocurrency exchange platform will serve as an official fundraising method for companies (through ICOs) and investors to store their digital assets and achieve increased of capital” Fragments of Wang Penjie’s presentation at two sessions.

March to the Blockchain Nation

Governments and central banks around the world are struggling to cope with the rise in popularity of cryptocurrencies; but one thing is for sure, everyone has adopted blockchain.

Despite the crackdown on cryptocurrency, blockchain is gaining popularity and adoption at various levels. The Chinese government supports blockchain initiatives and uses this technology. In fact, the People’s Bank of China (PBoC) has been working on a digital currency and conducting fictitious transactions with some of the country’s commercial banks. It is not yet confirmed whether the digital currency will be decentralized and offer cryptocurrency features such as anonymity and immutability. It wouldn’t be a surprise if it turns out to be just a digital Chinese yuan, given that anonymity is the last thing China wants in its country. However, a digital currency created as a close replacement for the Chinese yuan will be subject to existing monetary policies and laws.

The head of the People’s Bank of China, Zhou Xiaochuan. Source: CNBC

“Many cryptocurrencies have experienced a boom that can have a significant negative impact on consumers and retail investors. We don’t like (cryptocurrency) products that use huge opportunities for speculation, giving people the illusion of getting rich overnight” Excerpts from Zhou Xiaochuan’s Interview on Friday, March 9.

In a media speech on Friday, March 9, People’s Bank of China Governor Zhou Xiaochuan criticized cryptocurrency projects that used the crypto boom to raise money and fuel market speculation. He also noted that the development of digital currency is “technologically inevitable”

At the regional level, many Chinese cities are leading blockchain initiatives to promote growth in their region. Hangzhou, famous for being the headquarters of Alibaba, has announced blockchain technology as one of the city’s top priorities in 2018. The local government of Chengdu city has also been asked to build an incubation center to promote the adoption of blockchain technology in the country. financial services of the city.

Local conglomerates such as Tencent and Alibaba have also partnered with blockchain firms or initiated projects on their own. Blockchain firms such as VeChain have also secured many partnerships with Chinese firms to increase supply chain transparency in China.

All clues point to China working on a blockchain nation. China has always been open to new technologies such as mobile payments and artificial intelligence. Without a doubt, from now on, China will be the first country to use blockchain. Will we see the Chinese government back down and allow its citizens to trade again? Maybe when the market matures and is less volatile, but definitely not in 2018.

What is Bitcoin and is it a good investment?

Bitcoin (BTC) is a new type of digital currency with cryptographic keys that is decentralized on a network of computers shared by users and miners around the world and is not controlled by a single organization or government. It is the first digital cryptocurrency to gain public attention and is being accepted by a growing number of merchants. Like other currencies, users can use the digital currency to purchase goods and services online, as well as in some brick-and-mortar stores that accept it as a form of payment. Currency traders can also trade bitcoins on bitcoin exchanges.

There are several main differences between Bitcoin and traditional currencies (such as the US dollar):

  1. Bitcoin has no centralized authority or clearinghouse (such as a government, central bank, MasterCard or Visa network). The peer-to-peer payment network is operated by users and miners around the world. Currency is anonymously transferred directly between users over the Internet without going through a clearing house. This means transaction fees are much lower.
  2. Bitcoin is created through a process called “Bitcoin mining”. Miners around the world use mining software and computers to solve complex Bitcoin algorithms and approve Bitcoin transactions. They are rewarded with transaction fees and new bitcoins generated by the solution of bitcoin algorithms.
  3. There is a limited amount of bitcoins in circulation. According to Blockchain, as of December 20, 2013, there were approximately 12.1 million Bitcoins in circulation. The difficulty of mining bitcoins (solving algorithms) gets harder as more bitcoins are generated, and the maximum amount in circulation is limited to 21 million. The limit will not be reached until approximately 2140. This makes bitcoins more valuable as more people use them.
  4. A public ledger called “Blockchain” records all Bitcoin transactions and shows the respective holdings of each Bitcoin owner. Anyone can access the public ledger to verify transactions. This makes the digital currency more transparent and predictable. More importantly, transparency prevents fraud and double spending of the same bitcoins.
  5. Digital currency can be purchased through bitcoin mining or bitcoin exchanges.
  6. Digital currency is accepted by a limited number of online merchants and some brick-and-mortar retailers.
  7. Bitcoin wallets (similar to PayPal accounts) are used to store bitcoins, private keys and public addresses, and to anonymously transfer bitcoins between users.
  8. Bitcoins are not insured or protected by government authorities. Therefore, they cannot be recovered if the private keys are stolen by a hacker or lost on a failed hard drive, or due to the shutdown of a Bitcoin exchange. If the private keys are lost, the associated bitcoins cannot be recovered and will go out of circulation. Follow this link to learn about bitcoins.

I believe Bitcoin will gain more public acceptance because users can remain anonymous when buying goods and services online, transaction fees are much lower than credit card payment networks; the public ledger is available to anyone, which can be used to prevent fraud; the currency supply is limited to 21 million and the payment network is managed by users and miners instead of a central authority.

However, I don’t think it’s a great investment tool because it’s extremely volatile and not very stable. For example, this year the price of Bitcoin rose from around $14 to a peak of $1,200 before falling to $632 per BTC at the time of writing.

Bitcoin rallied this year because investors assumed the currency would gain wider acceptance and rise in price. The currency fell 50% in December because BTC China (the largest Bitcoin operator in China) announced that it could no longer accept new deposits due to government regulations. And according to Bloomberg, China’s central bank has banned financial institutions and payment companies from processing bitcoin transactions.

Bitcoin is likely to gain more public acceptance over time, but its price is highly volatile and highly sensitive to news such as government regulations and restrictions that can negatively impact the currency.

Therefore, I do not advise investors to invest in Bitcoin unless it was purchased at a price of less than USD 10 per BTC, because this will allow a much larger margin of safety.

Otherwise, I think it’s much better to invest in stocks that have solid fundamentals and great business prospects and management teams because the underlying companies have intrinsic value and are more predictable.

Disclosure: Viktor Liang has no positions in Bitcoin and has no plans to change his position in the next 72 hours.

Learn about Bitcoin trading

Bitcoins are the newest form of digital currency used by many traders and investors. Any exchange market can trade bitcoins but it is a risky way as you can lose your hard earned money. Be very careful before proceeding.

About Bitcoin:

Bitcoin is the same as currency but in digital form. You can save, invest and spend. Cryptocurrency once circulated in the market and gave birth to Bitcoin. It started in 2009 anonymously with the nickname Satoshi Nakamoto. Bitcoin gained popularity during this year, as its rate jumped from $2 to $266. It happened in February and April. A process known as mining is said to create bitcoins using powerful computer algorithms called blocks. After decrypting a block, you earn about 50 bitcoins. Typically, solving a single problem takes a long time, perhaps a year or so. If you can’t do that, then there is another means to get those bitcoins; that is, you just buy them.

Bitcoin work:

When you buy bitcoins, you exchange your physical money and receive digital currency in the form of bitcoins. It’s very simple, if you want to exchange currency, you have to pay for it to get that currency. It’s the same with Bitcoin. You pay at the current Bitcoin rate. Let’s say it’s $200, so you pay $200 and get one bitcoin. It’s basically a product type. Most of the exchanges that operate in the market make a lot of money by moving the currency in the market. They get US dollars by giving away these bitcoins and get rich instantly. But the thing is, as easy as it seems to make money converting bitcoins to dollars, these exchanges also lose their money quite easily.

Become a market player:

There are several ways to become a player in the Bitcoin market. The easiest way is to buy a dedicated computer, install Bitcoin mining software and start decrypting blocks. This process is considered the easiest way, but slow.

If you want to make money faster, then you need to build a team. You should organize a Bitcoin pool consisting of four to five members. You can then create a mining pool and decrypt blocks faster than an individual can. You will end up decrypting multiple blocks at once.

The fastest way to make money with Bitcoin is that you should go straight to the markets. Choose reputable and reliable Bitcoin exchanges operating in the market. First of all, you have to register. Register and create an account, after which you must answer the confirmations accordingly. This will keep you up to date with all working bitcoin stocks. You can trade bitcoins on any online trading platform. Some companies have even started accepting payments in Bitcoin.

Cryptocurrency: The Fintech Disruptor

Blockchains, sidechains, mining – terminologies in the underground world of cryptocurrencies continue to accumulate by the minute. ​​​​​​While it sounds counterintuitive to impose new financial conditions on the already complex world of finance, cryptocurrencies offer a much-needed solution to one of the biggest problems in today’s money market – the security of transactions in the digital world. Cryptocurrency is a defining and disruptive innovation in the fast-paced world of fin-tech, a fitting response to the need for a secure medium of exchange in the days of virtual transactions. At a time when transactions are all about numbers and numbers, cryptocurrency offers to do just that!

In the most basic form of the term, cryptocurrency is a proof-of-concept alternative virtual currency that promises secure, anonymous transactions over a peer-to-peer Internet mesh network. The misnomer is more of a property than an actual currency. Unlike everyday money, cryptocurrency models work without a central authority, like a decentralized digital mechanism. In a distributed cryptocurrency mechanism, money is issued, managed and approved by a collective network of community whose continuous activity is known as mining on a peer machine. Successful miners also receive coins as a token of appreciation for their time and resources. Once used, the transaction information is broadcast to the blockchain in the public key network, preventing the same user from spending each coin twice. Blockchain can be thought of as a cash register. Coins are stored behind a password-protected digital wallet that represents the user.

The supply of coins in the world of digital currencies is predetermined, without manipulation, by any individual, organization, government agency, or financial institution. The cryptocurrency system is known for its speed, as transactions through digital wallets can materialize funds in minutes compared to the traditional banking system. It is also largely irreversible by design, which further reinforces the idea of ​​anonymity and eliminates any further chance of tracing the money back to the original owner. Unfortunately, the main characteristics – speed, security and anonymity – have also made cryptocurrencies a method of transaction for many illegal transactions.

Just like the money market in the real world, currency rates fluctuate in the digital coin ecosystem. Due to the limited number of coins, as the demand for the currency increases, the value of the coins increases. Bitcoin is the largest and most successful cryptocurrency to date, with a market cap of $15.3 billion, a 37.6% market share, and currently trading at $8,997.31. Bitcoin entered the currency market in December 2017 at a price of $19,783.21 per coin before experiencing a sudden drop in 2018. The drop is partly due to the rise of alternative digital coins such as Ethereum, NPCcoin, Ripple, EOS, Litecoin and MintChip.

Because of the tight limits on their supply, cryptocurrencies are believed to follow the same economic principles as gold – the price is determined by limited supply and fluctuations in demand. With exchange rates constantly fluctuating, their sustainability remains to be seen. Therefore, investing in virtual currencies is more of a speculation than a daily money market at the moment.

In the wake of the industrial revolution, this digital currency is an indispensable part of the technological divide. From the perspective of a casual observer, this growth can look exciting, threatening and mysterious at the same time. While some economists remain skeptical, others see it as a lightning revolution in the money industry. Digital coins are set to replace roughly a quarter of national currencies in developed countries by 2030. It has already created a new asset class alongside the traditional global economy, and in the years to come, crypto finance will see a new set of investment vehicles emerge. Recently, Bitcoin may have dropped to draw attention to other cryptocurrencies. But this does not signal the collapse of the cryptocurrency itself. While some financial advisers emphasize the role of governments in suppressing the underground world to regulate the mechanism of central control, others insist on continuing the current free flow. The more popular cryptocurrencies are, the more scrutiny and regulation they attract – a common paradox that plagues digital banknotes and erodes their primary purpose for existence. In any case, the lack of intermediaries and supervision makes it extremely attractive to investors and makes daily trading change dramatically. Even the International Monetary Fund (IMF) fears that in the near future cryptocurrencies will supplant central banks and international banks. After 2030, conventional trade will be dominated by the crypto supply chain, which will offer less friction and greater economic value between tech-savvy buyers and sellers.

If a cryptocurrency aspires to become an important part of the existing financial system, it will have to meet very different financial, regulatory and societal criteria. It needs to be hacker-proof, consumer-friendly, and heavily secured to offer its fundamental benefit to the mainstream monetary system. It should preserve the anonymity of users without being a conduit for money laundering, tax evasion and online fraud. Since they are mandatory for the digital system, it will take a few more years to see if cryptocurrency can compete with real currency in full swing. While this is likely to happen, the cryptocurrency’s success (or lack thereof) in dealing with the challenges will determine the success of the monetary system in the coming days.

Beginner’s Guide: An Introduction to Cryptocurrencies

Introduction: Invest in cryptocurrencies

The first cryptocurrency to emerge was Bitcoin, which was built on blockchain technology and was probably launched in 2009 by a mysterious man named Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins have been mined and it is estimated that only 21 million bitcoins can be mined. Other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and Bitcoin hard forks such as Bitcoin Cash and Bitcoin Gold.

Users are advised not to put all their money in one cryptocurrency and try to avoid investing at the peak of the cryptocurrency bubble. It was seen that the price suddenly fell down when it was at the peak of the crypto bubble. Since cryptocurrency is a volatile market, users should invest an amount that they can afford to lose as no government can control cryptocurrency as it is a decentralized cryptocurrency.

Steve Wozniak, co-founder of Apple predicted that Bitcoin is the real gold and in the future it will dominate all currencies like USD, EUR, INR and ASD and become the global currency in the coming years.

Why and why not to invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to emerge and since then around 1600+ cryptocurrencies have been released with unique features for each coin.

Some of the reasons I came across and would like to share, cryptocurrencies were built on a decentralized platform – so users don’t need a third party to transfer cryptocurrency from one destination to another, unlike fiat currencies where the user needs such a platform. like a bank, to transfer money from one account to another. Cryptocurrency built on very secure blockchain technology and almost zero chance of hacking and stealing your cryptocurrencies unless you share your important information.

You should always avoid buying cryptocurrency at the peak of a cryptocurrency bubble. Many of us buy cryptocurrencies at their peak hoping to make a quick buck and fall prey to the hype of the bubble and lose our money. Users are better off doing a lot of research before investing. It is always a good idea to invest your money in multiple cryptocurrencies rather than just one as few cryptocurrencies have been seen to grow more, some on average, when other cryptocurrencies fall into the red zone.

Cryptocurrencies in the spotlight

In 2014, Bitcoin holds 90% of the market, with other cryptocurrencies holding the remaining 10%. In 2017, Bitcoin still dominates the crypto market, but its share has fallen sharply from 90% to 38%, while altcoins such as Litecoin, Ethereum, Ripple have grown rapidly and captured most of the market.

Bitcoin still dominates the cryptocurrency market, but it is not the only cryptocurrency to consider when investing in cryptocurrency. Some of the main cryptocurrencies you should consider are:









Where and how to buy cryptocurrencies?

While it was not easy to buy cryptocurrencies a few years ago, now there are many platforms available to users.

In 2015, there are two main bitcoin platforms in India – Unocoin wallet and Zebpay where users can buy and sell only bitcoins. Users should only buy bitcoins from their wallet, not from another person. There was a difference in the buying and selling rate and users have to pay some nominal fee to complete their transactions.

In 2017, the cryptocurrency industry grew dramatically and the price of Bitcoin rose spontaneously, especially in the last six months of 2017, which made users look for alternatives to Bitcoin and crossed 14 lakhs in the Indian market.

As Unodax and Zebpay are the two major platforms in India which dominated the market with 90% market share – which only dealt with Bitcoin. This allows other entities to develop alongside other altcoins and has even led Unocoin and others to add more currencies to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies apart from trading Bitcoins in Unocoin. The difference between both platforms was that Unocion only provided instant buying and selling of Bitcoins, while on UnoDAX, users can place an order for any available cryptocurrency and if it matches the recipient, the order will be executed.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users have to open an account with any exchange by registering with email id and submitting KYC details. Once their account is verified, you can start trading the coins of your choice.

Users should do their research well before investing in any coins and avoid getting trapped in the cryptocurrency bubble. Users should research the exchange’s trust, transparency, security features, and more.

All exchanges charge some nominal fee for each transaction. There are two types of payment – creator fee and browser fee. In addition to the transaction fee, there is a transfer fee to be paid if you want to transfer your cryptocurrencies to another exchange or to your personal wallet. Prices are purely coin and exchange dependent as different exchanges have a price difference module for coin transfers.

Major altcoins other than Bitcoin

As mentioned above, Bitcoin dominates the market with a share of 38%, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many more. If any of the coins suit your portfolio, you should buy it.

But you should invest money in the market that you can afford to lose as the cryptocurrency market is very volatile and no government can control it.

When to buy?

There is no hard and fast rule when to buy your favorite cryptocurrency. But it is necessary to investigate the stability of the market. You shouldn’t, but at the peak of the cryptocurrency bubble or when the value is continuously collapsing. The best time is always when the price is stable at a relatively low level for some time.

A method of storing cryptocurrencies

Before buying any cryptocurrency, you need to understand how to keep your cryptocurrency safe.

Generally, all exchanges provide storage where you can store your coins safely. Do not share your username, password, 2FA details when you store cryptocurrency on exchanges.

Paper wallet, hardware wallet, software wallet are some of the channels where you can store your cryptocurrency.

Paper Wallet: A paper wallet is an offline way to cold store your cryptocurrency. It prints your private and public key on a piece of paper that also has a QR code printed on it. You just need to scan the QR code for your future transactions. Why is it safe? No need to worry about your account being hacked or a malware attack. You just need to keep your piece of paper in a locker and if possible keep two or three pieces of paper in your wallet under your complete control.

Hardware Wallet: A hardware wallet is a physical device where you keep your cryptocurrency safe. There are many forms of hardware wallet, but the most commonly used is the USB hardware wallet. If you store your cryptocurrency in a hardware wallet, you just have to keep in mind that you should not lose your hardware wallet, because once you lose it, you will not be able to get your cryptocurrency.

One famous case where a person mined over 7,000 bitcoins and stored them in his hardware wallet and stored them in another hardware wallet. One day he threw away the hardware wallet he was storing his cryptocurrency in instead of damaged hardware and lost all his bitcoin.

What can you buy in cryptocurrencies in India?

Most people assume that buying and selling any cryptocurrency is only for investing and getting high returns in the long and short term. Bitcoin influencers and investors believe that Bitcoin will dominate all fiat currencies and be accepted as an international currency in the coming years.

Dell is one of the largest e-commerce companies that accepts Bitcoin as payment. Expedia and UNICEF are other examples.

In India, Sapna Book Mall accepted Bitcoin as payment through the Unocoin merchant service. People used to book movie tickets through BookMyShow or top up their mobile using the Unocoin platform. According to the report, they have stopped the service but plan to launch it again soon.


Cryptocurrency is one of the growing investment sectors and in the past it has given better returns than real estate, gold, stock markets etc. You can buy a cryptocurrency and hold it for the long term for a nice profit or go short term for a quick profit as we have seen many coins grow by 1000%+ in the past. Since cryptocurrency is a volatile market and the government does not control the industry. One should invest an amount in any cryptocurrency that they can afford to lose.

You can store your cryptocurrency in a hardware wallet, a paper wallet, a software wallet if you don’t want to store it on the exchange you trade with.