How old do I need to be for Buying BTC Over the 10 years of its existence, the cryptocurrency business has shown quite fast, high-quality and efficient growth. At the moment, it is difficult to disagree with the fact that a large part of the population around the world is already familiar with this type of business. An important “but” can be considered only the fact that, nevertheless, the main target audience for mining is the generation of Millenials, which means that the youngest potential miner is now about 16 years old. So how old should a person who wants
Technical analysis is a set of tools with which you can predict how the price of an asset will change in the future. Its schedule is considered to identify patterns in the form of figures, and by the volume of trading, you can determine who dominates the market: sellers or buyers. For example, on December 19, trader and analyst Peter Brandt correctly predicted the beginning of an uptrend in the Bitcoin exchange rate. He drew his conclusion based on the fact that the price of the coin pushed off from the historical level of support formed in 2015. However, the
Bitcoin Halving Won’t Cause Mining ‘Death Spiral’ Without any doubt, we can say that such a development model is possible since the offer of the main digital currency of the XXI century will fall to 6.25 BTC. Considering the process in more detail, we understand that the network automatically regulates the extraction of coins every year, when the hash rate of the network decreases, miners get the opportunity to play BTC with less difficulty. In the opposite situation, when a cryptocurrency asset rises in price, the level of mining difficulty increases. In this case, if this mining is stopped, Bitcoin
Tether Gold Launches on Tron and Ethereum Crypto Networks A golden digital token – with such a rather controversial launch, that is how Tether decided to start 2020. We can call this release controversial, if only because of the company’s foreign policy, namely because of the lack of transparency for its users. Let’s just say that even a novice trader should think about working with Tether, given some details of their activities last year. The following question arises: will potential buyers trust such a digital asset from Tether? Tether Gold reinforces its tokens with physical gold stored in a Swiss
The Crossroads Sign: Bitcoin to Hit $2,300? NewsBTC analyst Yashu Gola explained when the rate of the coin would drop by 75%. Coindesk expert Omkar Godbole and Satoshi Wolf trader, on the contrary, are confident that it will go up to $ 9,200. Bitcoin could fall in price to $ 2,300, NewsBTC analyst Yashu Gola suggested. This is evidenced by the fact that on the chart of the first cryptocurrency, a “death cross” figure was formed, expressed at the intersection of the 50- and 200-day moving averages, the expert believes. He showed that the same pattern was on the Bitcoin
Everything You Should Know About a 51% Attack A 51% attack is a vulnerability in PoW blockchains with the help of which an attacker takes control of transaction confirmation and block generation. When someone wants to take control over the system and be the only one miner – they choose a special strategy (selfish mining). Such a strategy that allows miners to increase their profits by hiding blocks from the public network. Miners do not send a block to the network every time after generation but continue to mine new blocks on top of any independently found blocks. While competitors
Throughout the past week, you could observe a fairly intense increase in digital market pricing. The #1 digital currency has shown an impressive rise of a thousand greenbacks. And even the dying altcoin performance again appeared on the chart with an increase in price. Although it was expected and predictable, the cost of cryptocurrency is an unpredictable thing. And on Monday of this week, Bitcoin entered a position with a value of about $ 8650, which means that its value fell again by 5%. Opinion leaders in the cryptocurrency environment believe that the cost of $ 9,000 for Bitcoin is
Christine Madeleine Odette Lagarde (President of the European Central Bank) quite recently, at the end of 2019, supported the idea that stablecoins are the opportunity for crypto business to succeed, moreover, institutions should not be on the side of all digital assets, but rather take the initiative. Certainly stablecoin is not a Bitcoin, it is a common name for cryptocurrencies, but importantly, they are subject to fewer fluctuations, in contrast to typical digital currencies. Nevertheless, from the fact that they are tied to stocks of ordinary currencies, and even physical units, they can be recognized in traditional financial systems The
The Reasons Why Bitcoin Options Won’t Break Crypto Market If Options Trading affected traditional markets and made traders to reconsider their strategies, cryptocurrency traders don’t face such issues. It is possible to see how Bitcoin Options are gaining their popularity, especially after the CME Group launch. Over the last two years, many traders change their direction from Bitcoin Futures to Bitcoin Options. Bitcoin Options – How They Differ From Bitcoin Futures The main difference between options and futures is obligations. If both parties are obliged to fulfill their conditions when concluding a futures transaction, for example, one side decides to
Why National Cryptocurrencies Is Actually a Good Idea The central banks of Canada, Great Britain, Japan, the European Union, Sweden, and Switzerland can share their experiences on possible options for using national digital money. The Bank for International Settlements (BIS) announced the creation of a working group with the central banks of the European Union, England, Sweden, Switzerland, Japan, and Canada. Regulators will explore the possibility of using national cryptocurrencies (CBDC) – economic, functional and technical options, and exchange knowledge about the new technology. The group will work together with relevant institutions and forums, in particular, the Financial Stability Board
XRP: what is it? Under the current conditions, the launch of Ripple attracted enough attention, based on the fact that the volatility of this cryptocurrency, as well as movements on the price chart, showed rather promising results. XRP is a cryptocurrency that was created to increase the speed indicators for cross-border payments and transactions. It is also worth noting that Ripple, like Bitcoin, is a cryptocurrency that has shown impressive performance over the past year. This result was achieved through a partnership with some of the largest banks in the world. One of the reasons why Ripple is an attractive
Why did you need to leave the Association? The main reason for the emergence of a large mobile communications organization was the decision to switch to the needs and development of their organization directly, namely to focus on the digital payment M-Pesa. Representatives of the cellular company themselves have repeatedly drawn attention to the fact that their goal is to contribute to expanding financial accessibility, which they will be able to achieve faster with the help of leaving the Association, especially thanks to the services provided by Libra, which they will continue to use. After all, Vodafone is a famous
When people hear about Bitcoin investing or trading, they don’t think about the age instantly. However, if you are young and want to explore the cryptocurrency world, such an issue may occur. If you are interested in cryptocurrency trading or investing, of course, you have to be an adult. Nonetheless, regular users are no limited to mentioned options, as in most cases, they just want to buy Bitcoin without further activities. Currently, any user may have various options to purchase cryptocurrencies. Indeed, most people think about exchanges. Fortunately, this is not your only opportunity to interact with cryptos. Today, we
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