Everyone has heard how bitcoin and other crypto currencies made millionaires out of those who have recently bought a year ago. The profit of 1000% or more is not only possible, they are a common place for many of these crypto currencies. Someone who bought a bitcoin in May 2016 is less than $ 500 would have a profit of 1400% in about 17 months. Then in the last few days we have seen that bitcoins lost nearly $ 1,000, so if you say these crypto currency with the & # 39 is variable, it would be a small understatement.
Since Bitcoin foundation in 2008, we at Trend News skeptical about the possibility of the survival of crypto currency to survive, given that they represent a very clear threat to governments that want to see and tax all transactions. But while we can still be cautious with regard to the actual currency, we know about the potential of the core technology, which controls these electronic currency. In fact, we believe that this technology will be a significant violator in data management and will affect every sector of the global economy, as well as how the Internet has influenced the media.
Here are some questions and answers to get started …
Question: What is the crypto currency?
The most well-known crypto currency (CC) – BITCOIN. It was the first CC, launched in 2008. Today there are more than 800 CC, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all "virtual". There is no "natural" coins and currency.
Q: How can work CC?
CC – it is a virtual currency that exist in very large distributed databases. These databases are used BLOCKCHAIN technology. Since each database Blockchain widely believed that it is protected against tampering, since there is no central attack and every transaction is visible to everybody on the network. Each CC has the administrators group, often referred to as "miners" who check transaction. One CC named Ethereum uses "smart contracts" to verify the transaction. Crypto TREND provide more details in future news publications.
Q: What is BLOCKCHAIN?
Blockchain – a technology that is the basis of all CC. Every transaction for the purchase, sale or exchange of CC is the block that is added to the chain. This technology is complex and is not to be interpreted here, but it has the potential for a revolution in the financial services industry, as the operation can be performed quickly and easily, reducing or eliminating fees. The technology is also being studied for use in many other fields.
Question: are regulated by the state exchange CC?
For the most part the answer – NO, that for some users – a big attraction of this market. "Wild West" now, but the governments of most developed countries are studying the market to decide which adjustments may be necessary. A big decision – whether to apply to the Central Committee as a currency or a commodity / security. Canada and the United States still claimed that the COP is legal, but the situation on the report and the tax consequences remains difficult. Crypto TREND will monitor and report on these events.
Q: How can I invest into this market?
You can buy, sell and exchange CC, using the services of specialized "Exchange", which act as a broker. Start by selecting the Exchange, to establish an account and transfer fiat-currency in your account. Then you can post Buy and sell orders CC. There are many stock exchanges around the world. Opening an account is quite simple, and all these exchanges have their own rules concerning the initial financing and withdrawals.
crypto TREND in the future we will recommend to the Central Committee of exchanges.
Q: Where can I store the CC?
To be able to move their crypto-currency, and pay bills, you need to have a digital wallet. These wallets come in several formats, such as the desktop, cloud-based, hardware (USB), mobile phone, and paper. Many of them are free, but the security – is an important factor, because no one ever wants to lose money or steal it. Crypto TREND would recommend digital wallets in the future.
Q: What can I do with my CC?
In addition to investments in CC products, you can also use the crypto currency for certain financial transactions, such as money transfers and pay bills. List of companies taking crypto currency, is growing rapidly and includes big hackers, such as Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway and WordPress.
Q: What's next?
Since, we will keep each of the articles on the Crypto TREND short and narrow will be possible. As we mentioned earlier, we believe that the exchange of encryption technology will change games, and such potential investment opportunities will come once or twice in their lifetime. Make no mistake, early investments in this sector will be only for your most speculative capital, the money you can afford to lose.
Even if you do not want to invest money at this time, getting an early understanding of this new disruptive technology to put you in an advantageous position to profit from our recommendation, if we move forward.
Expect to see a new news and specific recommendations from Crypto TREND, when we begin a path that may at first seem like a foreign jungle. This is an unstable market and may not like all investors, but Crypto TREND will be your guide if and when you're ready.