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3 Reasons to Buy Cryptocurrency in 2021

What is cryptocurrency? Cryptocurrency is a collection of binary data which is designed to work as a medium of exchange where individual coin ownership records are stored in a digital ledger which is a computerised database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership.

1. It Has Never Been Easier To Invest

The prospect of making the leap into cryptocurrency can be a daunting prospect at first. However, times have changed and there is now much more information out there to enable investors to quickly navigate the world of cryptocurrency without many of the previous barriers to entry. Coinbase has a huge network of around 10 million investors and is one of the most popular platforms at present, allowing investors to easily purchase Ethereum, Litecoin and Bitcoin to name a few.

2. The Long Game

As with any investment, you need to keep focused on the long-term viability. If you become obsessed with short-term loss, every variation in price will have you worrying that you’ve made the wrong investment decision. This could cause you to panic sell at a lower price than you bought it for, when in reality, holding until the price recovers, and then went even higher, would have been the more sensible move. The cryptocurrency-market is volatile and price fluctuations will always happen, with some more concerning than others. The recent crash made even the most hardened investors a little hot under the collar, but two weeks later Bitcoin bounced back with predictions of higher price surges in the coming months. You should always be looking at investments over the longer term (5+ years), as this is where the true gains are likely to be made.

3. Digital Currencies Are The Future

Bitcoin has led the way so far with its domination of the cryptocurrency market and it may be the most recognised coins. The moment to reap the largest rewards from Bitcoin has already passed, with those who invested in the unknown coin many years ago having made eye-watering returns. Investors who are looking for those big returns must expand their horizons by investing in alternative coins such as Ethereum and Litecoin, which are two very promising cryptocurrencies. At this point, it is worth noting that with any investment of this kind, the risk remains extremely high and you must be prepared to lose the entire investment. It is therefore only advisable to invest what you are happy to lose, and what is affordable. The road to cryptocurrency-investing success isn’t guaranteed, so it should only form part of a wider portfolio of varied-risk investments. You should also seek independent advice before making new investment decisions.

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Want To Start Trading Crypto? Here Are Some Useful Tips

As the number of people using cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. continues to increase, more and more online exchanges are opening up where you can buy and sell these digital currencies. If you’re interested in trading cryptocurrencies, there are some really useful tips that will help get you started in the right direction.

1. Alternative Platforms

When it comes to buying and selling cryptocurrencies, there are a number of things that you need to take into account. For instance, is there a large enough market for the crypto coin that you’re interested in trading?

In addition, what kind of fees will you have to pay when moving your capital from one exchange to the next? Another thing that you’ll need to do is research what alternative platforms are available. A lot of people that are just starting out might not know that it’s possible to trade with no fees, which as you can imagine is a huge advantage. In other words, there might be a better platform for your crypto-trading needs than those which are the most popular.

While you shouldn’t go to just any site offering benefits, it’s always a good video to look at what people are saying online about different platforms, and make an informed decision from there.

2. Location And Regulations

The legislation that surrounds cryptocurrency is constantly evolving. In some countries, there are next to no regulations when it comes to cryptos, while in other countries there are a number of restrictions.

If you want to do anything with cryptos, it’s important to make sure that you’re not breaking any rules by trading where you live. For instance, as of recently, there are reports that China has banned all crypto transactions – mining and trading included! Because it’s still a relatively new thing, it’s important to stay up to date with the latest regulations if you want to stay on the right side of the law.

A good idea is to check the news daily concerning cryptocurrency and see what’s been going on in countries all over the world. If you keep an eye on everything, you’ll have a lot more of an advantage over those who don’t.

3. Bitcoin And Altcoin

There’s a pretty good reason why Bitcoin is such as hot topic at the moment. It has the highest market capitalisation (the total value of all tokens on circulation), and it drives everything else on the market. That being said, if you’re going to be trading any cryptocurrency, make sure that you’ve figured out which one will be most profitable before you get started.

Even though Bitcoin has the highest market cap, it’s still not something that everyone can get involved with because of how expensive it is to buy. The best thing to do when you’re starting out for cryptocurrency trading is to study coins like Ethereum, Ripple, Dash, and Stellar – in addition to Bitcoin- and the currencies in general. By doing this, you’ll have the best chance of making the most money in the shortest possible time frame. Having a more diverse portfolio is a good way to hedge your bets and increase the potential gains of any trade. Because if you put all of your money into one thing, and it goes down, then it’s going to take even more out of your wallet than if you had diversified earlier on.

If you’re looking at the cryptocurrency market, then it’s important that you’re careful when it comes to altcoins. While some people are trying to make money on them, there are others who want to get their hands on your money. A lot of the time, these cryptocurrencies will simply disappear with your money – and there’s nothing that you can do about it. However, if you want to make the most out of trading altcoins then you need to find high-quality coins that are likely to go up in value over time. The reason for this is that there are thousands of different altcoins out there, but only a few of them will stand the test of time.

4. Blockchain And Mining

When it comes to mining Bitcoin and other cryptocurrencies, there are a number of factors that will impact how much money you’re able to make when you set up your own mining rig.

One of the biggest factors is location, as you’ll need a lot of cooling if you don’t want to burn your house down. In addition, it’s important to note that the cost of electricity will have an impact on how much money you’re able to make from mining. Furthermore, there are a lot of other costs that people simply forget about, like software and hardware costs. It’s important to keep this in mind when you’re looking at the profitability of mining any cryptocurrency.

However, if you invest in mining hardware and cloud storage, then this is one of the most profitable things you can do at the moment. The reason for that is that it’s not like any other business – which usually involves a lot of upfront costs before the business itself becomes profitable enough to run.

5. Security

Not everyone is in the same boat when it comes to security, but no matter how good your security is there are always going to be risks when you’re trading cryptocurrency.

Because of this, it’s important that you understand what the threats are before deciding whether or not you want to get started with trading cryptocurrencies. One of the biggest threats out there is the risk of losing your private keys – so make sure that you keep them as safe as possible. One thing that you can do to help with this is to always double-check that your computer and web browser are protected and updated with the latest security patches. If they aren’t, then hackers will be able to steal everything from you in no time at all.

However, the biggest threat is still the fact that crypto exchanges are vulnerable to attacks. For example, if you’re exchanging Bitcoin for another cryptocurrency through your web wallet or Ethereum in digital currency exchange, then you have to be wary of hackers getting access to your account. One way in which you can try and stop this from happening is to use multi-factor authentication on your account, as well as encrypting your private keys.

In a lot of ways, trading cryptocurrency isn’t all that different from any other industry where you have to be wary of things going wrong. However, unlike traditional businesses which rely on physical assets and people working for them, cryptocurrencies rely on technology and the internet. However, if you’re careful then it’s possible to trade cryptocurrency without having to worry about things going wrong. The best way to do this is by investing in the right equipment and keeping your private keys as safe as possible. Then you can use a trading platform to increase your chances of success even more, which makes cryptocurrency trading a very attractive proposition!

Why Now Is The Right Time To Start An Online Gaming Business

In the past few years, online gaming has been growing at a staggering rate. While there are a handful of established gaming developers, many new developers have begun to see incredible success in this industry, and the future looks bright for online gaming. Nonetheless, before you go barrelling into setting up your own casino business, you should first understand some of the reasons why online gambling is going through a period of rapid growth.

Why Would You Want To Start A Casino Business?

Besides the obvious benefits, such as the potential for huge profits, it has become easier than ever before to set up your own online casino business. Due to the rapid increase in online gambling, there has never been such a great time to start for the reasons discussed later in the post. Furthermore, the barrier to entry has decreased considerably with options such as white label casino solutions that make it far more straightforward to set up shop. You can use these solutions to essentially buy into a franchise. While it is not strictly a franchise, you will receive all the tools and licenses you need to start. This can be hugely beneficial if you already have business experience but are new to the online casino space. As discussed previously, there has never been a better time to begin, but what has influenced this increase in online gambling?

Global Lockdowns

There is nothing more beneficial to online platforms as a global pandemic! Even though it is not something to laugh about, it remains the case that people still have to do something because they have been locked inside their homes for over a year. This, coupled with the extreme boredom that accompanies lockdowns, has led to many people turning to the internet for entertainment. One form of entertainment that has proven popular is gambling and playing the multitude of different games available. Many other casinos have discovered that catering to newcomers has increased their revenues substantially. Nonetheless, there is still plenty of room for other players, but you may miss out on the lockdown wave if you don’t start now.

It Is Highly Accessible

Even if you were to factor out the COVID-19 aspect, most people still prefer the convenience compared with a traditional casino. For example, you can choose any game you like at any time of the day and pay however you want. You can’t get much more convenient than that! Additionally, many casinos offer the chance to play via an application that you can download directly to your phone or mobile device. There has also been an increase in casual gaming, whereby people no longer play only to win but also because they find it exciting and enjoy gambling as a pastime. Many players enjoy playing poker for fun, but they may not be able to organise a poker group from their friends or acquaintances. The next best thing would be to use an online casino with live poker tournaments.

There Are More Games Than To Choose From

Large game libraries have been commonplace since the dawn of online gambling. Still, the main difference these days is a massive proliferation of high-quality titles ready to play at any time. Moreover, the companies providing gaming solutions to online casino entrepreneurs keep upgrading their offerings and hiring talented developers to stay competitive. This creates a snowball effect as more players join because of an ever-increasing game selection but stay gambling as those games become even more exciting. Your business will benefit from this improvement in in-game quality by differentiating itself from your competitors, even more so if you keep your selection up to date and stay perceptive to your customers’ playing habits.

Secure Payment Methods

In choosing a casino, most players are concerned with how to make a deposit. Additionally, there is another concern for any casino player who wins money: how to retrieve their winnings. Today, online casinos have made it easier than ever to make deposits and collect winnings. With the advent of multiple secure payment processors to handle these payments, it has become elementary for players to move their money around. Moreover, players are increasingly being provided with the option of using cryptocurrencies (usually Bitcoin) as their preferred currency. Consequently, more international players who have traditionally been locked out from global banking systems can now sign up and participate without restriction.

There Is A Real Chance Of Winning Money

Although there are more and more casual players onstream, the fact remains that most players are competing to win. This is no bad thing, as the more players can win (within boundaries), the more likely they will continue playing at their favourite casino. In general, online casinos offer far better odds than their brick and mortar counterparts, making it more attractive to move from the real world to the online world. This means that if you are to open your own online casino, you should see which casino software solution offers games that appeal to your sense of risk.

Easy For Beginners To Get Started

Perhaps the most significant reason to open an online casino as soon as possible is that it has never been easier for new players to start gambling. In the past, conventional casinos were perceived to be the hangout of professional gamblers. In some cases, there are even entrance fees, body searches, and if you are unlucky, tap-downs by big, burly security personnel. However, these days, nothing could be further from the truth. The process of opening an account, depositing money, and playing either the computer or other live players is no longer intimidating for a beginner.

Incredible Analytics

Most gambling software solutions will come with an advanced suite of analytical data that you can employ to increase your revenue. A range of factors can be considered, from marketing performance (seeing who your best affiliates are, for example) to how long players stay with a specific game. These data will help you determine what you need to do to boost revenues and attract more players.

Since it has never been easier or more lucrative, there has never been a better time to start an online gaming business. Whether it’s being able to attract a captive audience or the plethora of payment options making it easier than ever to keep players inside your ecosystem, there’s never been a better time to get started.

China bans all crypto transactions

China has officially banned all cryptocurrency transactions and vowed to stop crypto mining, delivering the toughest blow yet to the industry.

Cryptocurrency transactions are now considered illicit financial activity in China, including services provided by offshore exchanges, the People’s Bank of China has said. The PBC added that crypto, including Bitcoin and Ethereum, are not fiat currency and cannot be circulated.

Bitcoin slumped in the wake of the news, falling 8% to about £30000.

Chinese officials are going further to stamp out cryptocurrency trading for its ties to fraud, money laundering and excessive energy usage. China already has rules that stops banks from offering cryptocurrency related services. To get around such rules, traders have moved to digital platforms and offshore exchanges.

Cryptocurrency mining’s massive energy consumption is another reason why the industry is coming under attack. In a separate statement, China’s economic planning agency said it’s an urgent task to stop cryptocurrency mining and the crackdown is important to meet carbon goals.

China is facing a power crisis that’s already curbed commodities from aluminium to steel, and several industries have seen their power supplies restrained in recent weeks.

China is home to a large concentration of cryptocurrency miners and as recently as April had a 46% share of the global hash rate, a measure of computing power used in mining and processing, according to the Cambridge Bitcoin Electricity Consumption Index.

China’s crackdown against cryptocurrency mining and trading activity started in May 2021. That was the first time they had singled out cryptocurrency mining at the national level since dropping it in 2019 from a proposed list of dirty industries to be eliminated.

The announcement caused a collapse in cryptocurrency prices, with Bitcoin losing about half its value between April and July this year. While the market has since gained stability, it’s still far below the all-time high of £46000.

El Salvador becomes first country to accept Bitcoin as legal tender

El Salvador has become the first country in the world to make Bitcoin (BTC-USD) legal tender. The announcement comes amid protest and uncertainty, as questions remain about the integration of cryptocurrency into the Salvadoran financial system.

Multiple surveys reveal the level of distrust within El Salvador towards the new law. A poll of 1233 Salvadorans run by Disruptiva at the beginning of July revealed that two-thirds of participants were not willing to be paid in Bitcoin.

Recent studies conducted in late August by El Salvador’s University of Central America (UCA) revealed a high level of negative sentiment towards the Bitcoin law. The survey found that 80% of 1281 Salvadorans polled had no trust in bitcoin and only 17% think it will improve the economy.

Since the announcement, lawmakers in both Paraguay and Uruguay have proposed their own bitcoin legislation. In mid-August, president of Argentina Alberto Fernandez told one of the nation’s media channels that he was open to making bitcoin legal tender in the country.

Countries in other parts of the world, especially those with currencies pegged to the United States dollar, are keen to see if Bitcoin could offer them more monetary autonomy.

However, Nelson Rauda Zablah of El Faro digital newspaper, urged empathy towards Salvadorans who are in effect becoming guinea pigs in the world’s first state-run cryptocurrency experiment. He called for those “cheering the president from the side-lines” to consider what it would be like if their own national economy was about to be tossed into a “virtual casino,” and it was “their own business, credit rating, pension scheme, or savings at stake.”

What You Need to Know About Non-Fungible Tokens (NFTs)

London, UK, August 31, 2021 – NFTs, or non-fungible tokens are a digital asset that exists on similar blockchain technology to Bitcoin. Non-fungible tokens can be used to represent items such as photos, videos and audio digital files. Access to any copy of the original file, however, is not restricted to the buyer of the non-fungible token. Each non-fungible token generally differs in its digital makeup, and therefore likely differs in value as well.

The non-fungible token (NFT) market value tripled in 2020, reaching more than £180 million. During the first quarter of 2021, non-fungible token (NFT) sales exceeded £1.5 billion.

Almost overnight, non-fungible tokens (NFTs) have taken the art, sports, and entertainment worlds by storm. Many celebrities have made millions selling NFTs, including 3LAU, Eminem, Grimes, Logan Paul, Mark Cuban, Paris Hilton, and Steve Aoki.

Non-fungible tokens (NFTs) have potential for other use cases as well, such as companies tracking their internal resources or platforms verifying subscriptions and use.

In the physical world, British pounds are fungible. No value is forfeited if a person trades any given paper British pound for a different paper British pound. On the other hand, something such as artwork is generally nonfungible. The “Mona Lisa” is not of equal value to “The Persistence of Memory” as both artworks are unique, deriving value as such.

There are a number of common non-fungible token (NFT) marketplaces, including Foundation.app, Mintable.app, OpenSea.io, Rarible, and SuperRare.