What Is BitGold?

What Is BitGold?

Bit gold was one of the earliest attempts at creating a decentralized digital currency, proposed by blockchain pioneer Nick Szabo in 1998. Although the Bit gold project was never implemented, it’s often regarded as being the direct precursor to Satoshi Nakamoto’s Bitcoin Protocol. 
Nick Szabo BitGold

Bitcoin and BitGold

There are many similarities between Bitcoin’s architecture and the Bit gold proposal, particularly in the technical mechanisms used to process transactions and secure the decentralized network.
Both Bitcoin and Bit gold are powered by a POW-based consensus algorithm in which computing power is spent to solve cryptographic puzzles. The solution to those puzzles is then processed through a Byzantine Fault Tolerant (BFT) peer-to-peer network. Finally, a cryptographic hash chain is created to link the most recent puzzle’s solution to the outcome of the following one, thereby validating blocks of transactions. This process for posting transactions to the network is consistent between Bitcoin and Bit gold.  
Consensus POW Bitgold
Bitcoin is distinguished for solving the double-spending problem, which the Bit gold proposal could not at the time. Bit gold’s proposal called for a Byzantine method that relies on a quorum of network addresses rather than a quorum of (hash) computing power. This made the Bit gold network overly vulnerable to Sybil attacks. Bitcoin, on the other hand, added block confirmations to successfully protect against double-spending.
Bitcoin successfully realized the intent of Bit gold and is currently a fully functional protocol, serving roughly 20 million users globally, as of May 2018. The two protocols draw such close parallels that people often speculate about Nick Szabo being the anonymous Bitcoin creator, Satoshi Nakamoto(despite his denial.)

Why Was BitGold Created?

Bit gold was inspired by inefficiencies of the traditional financial system and the use of precious metals as currency.

Traditional Financial System Inefficiencies 

Szabo points out that the traditional financial system requires parties to invest a great deal of trust in order for transactions to take place. For example, If somebody were to accept a loan from a bank, the bank must then trust that person with repaying the loan as agreed. Similarly, clients of a bank must trust that their money is properly secured and not being misappropriated by the bank. 
trust-based traditional financial system | What Is BitGold?
Transacting through trust-based systems leaves opportunity for costly problems such as fraud or theft. A study conducted by Lexis Nexis in 2009 showed that merchants in the United States are losing approximately $190 billion a year to credit card fraud. The traditional financial system’s consistent large cost of losses and siloed architecture motivated Szabo.
Bit gold was introduced to provide a more trustless model for transacting. Szabo’s presentation at the 2015 Bitcoin Investor Conference helped highlight the underlying purpose of Bit gold as being“software to minimize vulnerabilities of all parties to each other.” 
When asked about the intent of Bit gold, Nick Szabo explained, “I was trying to mimic as closely as possible, in cyberspace, the security and trust characteristics of gold, and chief among those is that it doesn’t depend on a trusted central authority.” Szabo’s response was describing the defining characteristics of a decentralized network, which Bitcoin successfully implemented a little over a decade later. 

BitGold as an Improvement to Precious Metals as Currency

Bit gold was an attempt to replicate the economic properties of gold (gold’s unforgeable value) while improving its security properties. 
Szabo argues that gold has historically lacked security. He references historical events such as the Spanish looting of the Aztecs and the English looting of the Spanish to acknowledge that physical gold can be acquired through force. Szabo also discusses contemporary political threats, giving the example of President Franklin D. Roosevelt’s executive order of 1933, which required Americans to surrender much of their gold to the federal government. 
The Bit gold proposal was revolutionary in that it utilized advanced principles of computer science (likeencryption) to devise a new, trustless financial system. The proposed decentralized network offers individuals a degree of monetary sovereignty that physical gold could not. Bitcoin expert Trace Mayer describes monetary sovereignty for individuals as “a way that people can hold the private keys to their own wealth.” 
Possessing your wealth first-hand is quite directly the purpose of owning gold, but decentralized financial networks, like that proposed by Bit gold, suggest that personal wealth control can be accomplished in a more secure, digitized, and trustless manner.

 Benefits Proposed By BitGold

Bit gold’s trustless financial model proposed a set of unprecedented benefits for users. In particular, Szabo envisioned two key features of a trustless system:
  1. Independence From Financial Institutions
Through a decentralized Bit gold network, users could transact securely without needing to trust or pay a financial institution to administer those transactions. The Bit gold network itself would provide the functionality of accurately tracking user account balances and processing legitimate transactions. Additionally, users are in possession of the private keys to their own wealth (monetary sovereignty.)
These characteristics in combination meant that transactions and storing money could take place virtually and independently, removing the dependence from financial institutions.
  1. Seamless Operation Across Borders
The traditional financial system has many silos. Sending money across borders can take anywhere from a couple of days to weeks to fully go through. This is because banks must undergo a very rigid and regulated process to send money to other financial institutions before those funds can reach the intended party. 
traditional banking silos
Decentralized networks like Bitcoin and Bit gold remove these silos and create the ability to process cross-border transactions within minutes. Again, these benefits were not realized with Bit gold since the model was never implemented, but are currently being realized through Bitcoin’s Protocol.

Final Thoughts

After discussing the inefficiencies of both precious metals and trust-based financial systems, Nick Szabo puts forth the vision for Bit gold: “Thus, it would be very nice if there were a protocol whereby unforgeably costly bits could be created online with minimal dependence on trusted third parties, and then securely stored, transferred, and assayed with similar minimal trust. Bit gold.”

Key Takeaways

  • Bitgold was the first feasible proposal of a decentralized financial network.
  • Nick Szabo conceived of Bit gold after addressing inefficiencies of the traditional financial system and the use of precious metals as currency.
  • A decentralized financial network (Bit gold) could remove dependence from financial institutions while providing seamless operation across borders
  • The vision of Bit gold was realized by Bitcoin over a decade later and the two protocols share a very similar architecture. 

To find out more, check out Nick Szabo’s Bit gold post on his blog Unenumerated.

Finding the Next Bitcoin and do not miss its Payday

Finding the Next Bitcoin

Three Strategies for Choosing What Cryptocurrency to Invest in Next.

 

You’ve probably thought it at one point or another: “I missed the Bitcoin payday. How do I decide what cryptocurrency to invest in now that I know about the market?”what will be the Next Bitcoin

The bad news: It’s unlikely that any other cryptocurrency will see the same astronomical growth that Bitcoin experienced over the last few years, and impossible to predict it.

The good news: There’s still plenty of opportunities to invest in up-and-coming cryptocurrencies that could potentially bring you 10-100x returns. This comes with a heavy note of caution, because as you may know, cryptocurrencies are incredibly volatile. This is not investment advice, and you should gain/lose money on your own research and intuition.

In this article, we’ll go over some basic strategies you can follow when searching for what cryptocurrency to invest in next. We’re focusing on high risk, high reward options here. If you’re looking for general investment tips, you should check out our article on how to build a proper cryptocurrency portfolio instead.

Scour Initial Coin Offerings (ICOs)

Initial Coin Offerings (ICOs) have quickly become the standard for blockchain startups to raise funding for their project. In an ICO, the team hosts a crowdsale in which you purchase tokens that you can use on their platform. You can also trade these tokens in the secondary market (exchanges) after the ICO.

For example, Golem held an ICO to distribute the first GNT tokens. The purpose of these tokens is to purchase computing power in the Golem network, but traders also buy and sell them on exchanges.

Participating in ICOs can be a lucrative trading strategy. If you invested in the NEO crowdsale (at the time the project was called AntShares), your return on investment (ROI) would be ~160,000% currently. Populous, about 5,000%. OmiseGo, around 4,000%. You get the picture.

ICO ROIs | Finding the Next Bitcoin

Source: ICOBench

ICO gains do come with the highest amount of risk, though. The majority of ICOs will fail, and already almost half have done so already.

ICO Research

It’s important that you do your due diligence when picking what cryptocurrency to invest in pre-ICO. There are a ton of things to look at when evaluating a cryptocurrency, but the most important attributes are:

  • Team and advisors – The team should have experience in blockchain technology or at least the industry that they’re targeting. Preferably both. Having reputable advisors is also a strong sign that the ICO could succeed.
  • Clear problem/solution – The project’s white paper should clearly define what problem the project is aiming to solve and how the cryptocurrency solves it. Make sure it’s not just a document full of marketing BS.
  • Token distribution –  The team should be distributing over fifty percent of the tokens to crowdsale participants if not much, much more. Be hesitant about projects in which the team and advisors keep a significant proportion of tokens.

Other things to take note of are: any notable partnerships, whether the team has already created a product, and the size of the industry they’re targeting. All of these things could lead to a favorable investment.

Check Lesser Known Exchanges

Even if you missed your chance to participate in an interesting ICO, you can still invest once the coin hits exchanges. At this time, there’s often a brief spike followed by an immediate dump as ICO investors look to cash-in on short-term gains. This is a prime opportunity to get coins you’re interested in for ICO-level (or even lower) prices.

Beyond the short post-ICO period, you still have time to invest in a coin before major exchanges begin to list it. Cryptopia and decentralized exchanges such as IDEX are goldmines for these types of coins. The same research strategies mentioned above apply to coins in this category as well.

IDEX exchange | Finding the Next Bitcoin

Search through coins with a small market cap (<$100 million) that haven’t been listed on a large exchange like Binance yet. You can check CoinMarketCap to see which exchanges coins are on. Make sure you research appropriately and find coins that you believe to have solid fundamentals.

Once you’ve found a coin you’re confident in, purchase it, and (this is the hardest part) wait. It could take days, weeks, or even months for your coin to reach a respectable amount of awareness. If you truly believe in the fundamentals of the coin, though, this time-frame shouldn’t matter. Once the coin joins a major exchange, feel free to trade it accordingly.

Time Important Events

Another popular strategy in selecting what cryptocurrency to invest in is to choose coins based on project roadmaps and event calendars. This is a short-term strategy and usually much harder to execute than the other ones that we’ve covered.

The price of cryptocurrency tends to rise after an important partnership announcement or development milestone. If you follow certain projects on Twitter or are active in their Telegram channel, you usually find out about these announcements ahead of the less involved general public.

With that information, you can sometimes buy into a project early and ride the wave up following the announcement. This has some potential downsides, though. Correct timing is incredibly difficult to accomplish. And, in a bear market, even the most impressive announcements can get crushed under the negative sentiment.

Additionally, the rest of the market may not react to the news the way that you expect. A recent example of this is Verge’s PornHub partnership announcement. While some supporters saw this as positive news, the majority of the market didn’t, and the price crashed accordingly.

Stay Vigilant

Most importantly, you just need to stay vigilant when looking for the Next Bitcoin and  to find what cryptocurrency to invest in. New investment opportunities occur every day when you’re actively looking for them. Join subreddits, follow crypto traders on Twitter, constantly research new projects – in essence, engulf yourself in the blockchain space. You never know what gems you’ll stumble upon.


" Finding the Next Bitcoin"  Originall Published at Coincentral here

Written by

Steven Buchko

Steven is a managing editor at Coin Central and a blockchain investor. He's also the co-founder of Coin Clear, a mobile app that automatically turns your daily spending habits into cryptocurrency investments.

 

Other resources


Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!

Blockchain Disruptions | Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

Why trade Cryptocurrency

Why trade Cryptocurrency

Why do people trade Cryptocurrencies

Cryptocurrencies are a form of a virtual currency, it purpose is to function as a medium of exchange making it the same as regular money in many regards.

The normal fiat currency everyone knows is controlled by the banks and the governments and altogether you have no control on this. This is where cryptocurrencies are different.

They work on the concept that the cryptocurrency is decentralized and works through a blockchain, a public transaction database which functions as a distributed ledger.

The time for cryptocurrenies is NOW

Of course we can go in deep and write a 600 pages book on this. But i expect you do not have the patience for reading that.  so let's just say that it is important to know that everyone is using them already. maybe they are not aware of it but they are everywhere and money that goes from your pay-slip to your bank is as virtual as this.

One of the Main difference is that every other cryptocurrency is based on the absolute consensus of all the participants with regard to the legitimacy of the transactions and balances.

2017 was the year of the cryptocurrencies, they went big. At the start of 2017, the market cap of all the cryptos combines stood at already amazing mount of $18 billion.  But if we move 12 months forward this amount had surged by over 250,000% to surpass a market capitalization of $520 billion. The most famous Crypto currency Bitcoin took care of around 50% of this growth after that ethereum and Litecoin and then the rest follows  Bitcoin.

This went of course with a huge amount of noise, with banks and governments screaming and threatening as they lost some control on their financial situation.

At the same time this growth has attracted many institutional and individual traders and investors.

To just name one of the most famous ones, JP Morgan & Chase bank announced in late 2017 that it would start accepting Bitcoin. Cryptocurrencies had reached a growth stage where traders are actively looking for the best cryptocurrency brokers who will help them make a profit just like it is the case in Forex, Indices, Commodities and stocks trading.

So Why trade Cryptocurrency?

there are a few reasons for this ,

if we look at why trade Cryptocurrency as to why not only forex  ? there are a few key differences and these have less to do with the actual trading and more with the conditions of trading

Location:

You can trade cryptocurrency from anywhere on this planet and a . A person in France can trade their crypto coins with a person that sits in Chile or Antarctica. Since the price & rates of the cryptocurrency are not related to the country someone is sitting in everyone is able to trade it. The local economy is not related.

Volatility:

It is very volatile. The price moves sometimes faster than on regular forex ad when it moves it is able to move much more then in regular forex. This make sense as in forex the price is related to an economy and for a currency to double or collapse some enormous dramatic events have to be taken place.

Trading Hours:

It can be traded 24/7. Trading cryptocurrency wholly depends on an individual trader and not on time. This is what sets it apart from for example the stocks that one are able to be traded during normal business hours of the stock exchange.

There are of course many more reasons, but these are the operational reasons that set the cryptocurrencies apart from the forex and other financial instruments that you are able to trade online.

The market also has shifted that today online you are able to find broker that the only thing they offer for trading are cryptocurrencies. I am not talking about forex brokers offering now Bitcoin , but  Cryptocurrencies Broker that offer numerous Crypto's for Trading  and thus you as a trader are able to trade so many different pairs and crypto's that everyday at any hours you will be able to find a trading opportunity.

here are 2 of the Best Crypto-currency Broker for your convenience

 

XCoinBroker (xcoinbroker.com)

Why trade Cryptocurrency with xcoinbroker cryptocurrency Trading

is a new cryptocurrency friendly CFD investment brokerage that operates under the supervision of Zed Consult Ltd and was introduced to the online marketplace on November 7th, 2017.the offer trading in Numerous cryptocurrencies and you are able to also fund your account in crypto.

 

Weber finance (https://weberfinance.com)

Why trade Cryptocurrency with Weber Finance  a cryptocurrency Broker in the truest form. they offer several cryptocurrencies trading on a dedicated Trading Platform.

 

 

 

 

Why trade Cryptocurrency |  and should you start trading too ?

Last words :

for beginners there is the simply logic of learn before you trade, trading brings the risk of losing your investment. so never put more then %5 of your portfolio on one trade and read and learn , many brokers have demo accounts 

More resources:

Statements and Thoughts about Cryptocurrencies

Statements and Thoughts about Cryptocurrencies

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements and Thoughts about Cryptocurrencies

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on. 

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the "FOMO" mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of "us against the world" is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

written by

24option Dash Trading Made Easy | review 2018

24option Dash Trading Made Easy

24option Now also enters the Forex and Crypto-Currency Market and they are doing so in style and transparency. 24option DashTrading on their MT4 is the Perfect format to Trade this Digital Currency

24Option Dash Trading Broker | was founded in 2009 and has expanded to take a strong presence in the Forex trading market.

 
24option Dash Trading broker is fully regulated by main European regulatory body CySEC in Cyprus. You can open an account with 24Option with a minimum of $100 and trade Forex and CFD contracts through MT4 – one of the most popular trading platforms among retail traders. With trading offices around the globe, 24Option has established a strong presence in the financial markets.
since their Start they have grown and after the Binary Options market became not the best market to be in, it waas a natural organic transition to offering Forex trading and adding the Metatrader 4 platform. since these people are first and foremost experiences and professional the transition went rather smoothly.
24option Dash Trading made easy for all traders
the Forex industry at the moment is going ballistic for  all the cryptocurrencies that are offered for trading on most retail Forex brokers.
i still think you better do this on a established Forex broker instead of on the exchange as there should be your wallet and buy the coins and not particular trade them.
so in order to cate to their clients,  24Option Dash Trading became a fact.

What does 24Option Offer

24option offers over 100 underlying assets to trade CFDs on, including exotic currency pairs, major commodities, popular stocks, indices and cryptocurrencies. The website and customer support is multilingual and is available on a 24/7 basis, always ready to solve any trading issues.

24option Dash Broker gives you the opportunity to trade anywhere, anytime, via their innovative platform, scipio, or MT4 on either desktop or through the downloadable application and also offer traders a 24option’s app to ensure you are always connected.

Once registering to the platform and completing a financial knowledge questionnaire, traders will gain access to a 10K funded demo account that demonstrates all features available on a live trading account.  The minimum deposit is $250, they offer competitive spreads and have leverage options up to 400:1.

Any trader, whether they’re professional or a newbie in the financial markets, is capable of using 24option’s services to enhance their trading experience. 24option allows deposits in numerous currencies and methods such as, credit/debit cards, wire transfer, moneybookers, Neteller, Skrill and Webmoney and offers next business day withdrawals.

  • More than +130 tradable instruments.
  • Trade un-leveraged crypto currencies like Bitcoin, Ethereum, Ripple, Litecoin and Dash coin.
  • Dedicated support to assist you.
  • Education center.
  • Daily Review and Economic calendar

24option Dash Broker Details

 

WWW  –  https://www.24option.com/
Address  –  Kolonakiou 39 Agios Athanasios, 4103 Limassol, Cyprus
Headquarters  –  Limassol
Free phone  –  +357 25 262789
24 hour support  –  YES
Trust management  –   YES
Partnership programs  –   YES
Expert advisors  –   YES
Free education  –  YES
Bonuses, Promotions     YES  –
Forex contests, competitions  –   YES
1st deposit bonus  –   YES
Mobile trading  –   YES
Demo account  –   YES
24 hour trading  –   YES
Digits after the dot in quotes  –  5
Minimum position size  –  0.01
Spread Type  –  fixed
Pip spread on majors  –
Leverage  –  400
ECN, $  –
Standard account, $  –  250
Mini account, $  –
Popular payment methods  –  Perfect Money, Transfer, OKPAY, AstroPay, PaySafeCard, Yandex Money, QIWI, Money Bookers, Moneta, Unionpay, Credit Card, Debit Card, Neteller, Skrill, Webmoney, Wire Transfer, Teleingreso, Hal-Cash, iDEAL, Bitcoin
Account currencies  –  USD, EUR, GBP, CHF, ZAR, RUB
Other instruments  –  Commodities, Stocks, Indices, Forex, Cryptocurrencies, Bitcoin
Languages  –  English, Spanish, German, Italian, Russian, Dutch, Polish, Arabic
Platforms  –  MT4, Scipio
Broker type  –
Regulation  –  CySEC, FMA, AFM, HELLENIC, CNB, BDF, BAFIN, ATVP, CONSOB, CNMV, FCA, CRFIN
Foundation  –  2010
DASH Forex Broker  –  YES

What are cryptocurrency Brokers?

What are cryptocurrency Brokers?

If you look at the market and industry today you see that cryptocurrencies are as hot as ever, thou they lost a bit of the hype that was soaring in the end of 2017, they are still the most exciting industry today.

The development and maturing of this industry will affect everyone and people that understand this will benefit more then those that do not, it is just that simple.

This said there are so many IO’s coming out and so many new cryptocurrencies launched that it can become a bit daunting to try to follow all.

There I actually no need for that as with most thing the best ones will stay, and many others will just slowly disappear.

People tend today to trade these cryptocurrencies before that actually invest in them.

The reason for this is clear as when you are trading you are able to make money on the rise but also on the fall of a crypto.

You don’t actually buy or sell any real cryptocurrency and do not need a wallet, what you in fact are doing is trading on the price changes of this cryptocurrency.

As we have seen with bitcoin that dropped after it was at a rate close to the $20,000 back to below $10,000, this move makes many people say that this is a bad investment but they tend to forget that at the beginning of last year Bitcoin did not even pass the level of the $1,000.

What are cryptocurrency Brokers?

Traders today have for trading currencies , indices and commodities always turned to the numerous forex brokers that offering trading services for this , companies, etoro, avatrade and GKFX to just name a few. There literally hundreds of such companies and some are good others are bad.

These companies are often regulated through regulations like Cysec, FSA and other regulatory entities. The regulation required the brokers to work in a certain format to avoid money laundering and at the same time protect the traders from scam brokers.

After this the Binary options Broker came along.

These brokers offered a different kind of trading which also required most of the time a different trading platform. Where forex brokered in general offered metatrader 4 or metatrader 5 from metaquaotes. Or had their own trading platform like etoro binary option brokers used other providers like the trading platform like spotoption .

Now with the new market of Cryptocurrencies there is a new type of broker.
What are cryptocurrency Brokers?
What are cryptocurrency Brokers?

The cryptocurrency brokers.

These brokers also have their own trading platform that is dedicated to trading cryptocurrencies, you will be able to trade these currencies against the main valuate like the USdollar British pounds, euro and other majors. Or you will be able to trade one cryptocurrency against the others, the last one is in general not offered by the forex brokers and might actually be even more interesting to trade then for example Bitcoin against the Dollar.

The Platform is very easy to use and fully mobile compatible because there are still not a huge number of cryptocurrencies that one can trade the platform looks simple and not over crowded.

Trading in MT4 one does for the charting and I have to admit that some of the charts and EA’s that you have in MT4 could benefit the crypto trader. s there is room for improvement in this matter.

Now there are new brokers that are not offering the standard trading platfor

m the Forex industry offers but are going only for thee dedicated cryptocurrency trading platform for example AirsoftLTD.  These brokers like WeberFinance and Xcoinbroker are not regulated but full-service brokers that look to make a name for themselves and establish a broker for the long term.

 

They offer leverage and margin like the forex brokers but you are in general also able to fund your account with the cryptocurrencies.

Should you Use a Crytobroker instead of a Forex Broker?

This depends on what you look to trade. The Forex industry will never make cryptocurrencies it is main tradable assets , this you will notice in the daily analysis and market pates as they are more stock, commodities and regular currencies related . same for the market view.

The cryptocurrency broker focusses only one thing and that is cryptocurrencies. So, this is their bread and butter and this you will feel.

Xcoinbroker for example has a very thorough market analysis for its main cryptocurrencies and weberfinance offers a crypto news section on this trading platform.

So yes, if I plan to trade only crypto I rather do this with a broker that is only offering crypto trading.

 

 

CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals
cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers
CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

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First Ever Hearing On Cryptocurrencies, ICOs by the House Subcommittee

House Subcommittee Holds First Ever Hearing On Cryptocurrencies, ICOs

House Hosts Crypto Meeting for “Clarity” on Regulations

The US House of Representatives finally gave ear to the emerging cryptocurrency market this Monday.  Mid-morning on March 14th, 2018, the Capital Markets, Securities, and Investments subcommittee held a testimony entitled “Examining Cryptocurrencies and ICO markets.”

The hearing took place in the Rayburn House Office Building, featuring a number of key industry movers as participants. For witnesses, the subcommittee invited Mike Lempres (Chief Legal and Risk Operator at Coinbase), Robert Rosenblum (partner at Wilson Sonsini Goodrich & Rosati), Peter Van Valkenburgh (Director of Research at Coin Center), and Dr. Chris Brummer (Professor of Law at Georgetown University).

Rayburn House Office Building for First Ever Hearing On Cryptocurrencies
Rayburn House Office Building for First Ever Hearing On Cryptocurrencies

According to the hearing’s memorandum, the subcommittee intends to “conduct an overview of the cryptocurrency and Initial Coin Offering (ICO) markets.”  As a burgeoning asset class, cryptocurrencies “have been growing rapidly, attracting significant attention from investors and start-up enterprises in search of capital,” the memo states.

The hearing seems to suggest, if anything, that the market’s exponential growth has given sway to the House’s attention.

“review the adherence to applicable laws so that investors receive the full protections afforded by the federal securities laws.”

regulatory approach that regulators will take in the first Hearing On Cryptocurrencies
Regulatory approach that regulators will take in the first Hearing On Cryptocurrencies

It’s a topic US officials feel that they can no longer ignore, and the subcommittee will look to survey the “efficiencies and potential capital formation” that cryptocurrencies and ICOs offer, with an aim  to “review the adherence to applicable laws so that investors receive the full protections afforded by the federal securities laws.”

This will include “[considering] the current regulatory approach that regulators, such as the Securities and Exchange Commission, are using to monitor and oversee cryptocurrencies and ICOs and how to achieve further regulatory clarity in these markets.”

Hopefully, “clarity” will be one of the takeaways from the hearing.  The US Senate only recently held its own hearing regarding cryptocurrencies and blockchain technology. ‘

Jay Clayton of the SEC and Christ Giancarlo of the CFTC both gave testimony, vouching for their respective agencies’ roles in the matter and the regulatory parameters currently in place.

Still, the meeting breached (but did not clarify) the topic of regulation in the United States.

With the IRS labeling crypto as property for tax purposes, the SEC branding ICOs and their tokens as securities, and a federal judge ruling on behalf of the CFTC that cryptos are commodities, the US’s regulatory landscape is charted but ill-mapped.

The question still remains as to what form regulations will take and how US legislators intend to define cryptocurrencies in formal policy and legislation.

Hopefully, the House’s hearing will clear up some discrepancies and misinformation to give US citizens a clearer direction as to where crypto regulations are headed in the future.

First Ever Hearing On Cryptocurrencies, ICOs by the House Subcommittee

This article is originally published at CoinCentral.com.

Colin Harper

Colin is a freelance writer and crypto-enthusiast based in Nashville, TN. When he’s not speculating crypto futures, he’s probably letting his hair down and/or heading to a music festival–because stereotypes exist for a reason.
You can reach him here: colin@coincentral.com

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