As all cryptocurrency markets continue to feel the pressure, a lot of investors grow uneasy. The extensive bear market of 2018 has gone on for some time now and seems to grow worse over time. Polymath, one of the lesser-traded altcoins, is making a small move up at this time. A somewhat surprising turn of […] The post Polymath Price Hits $0.14 Following Major Gains appeared first on NullTX.
Mexico has legalized cannabis, creating one of the biggest investment opportunities in recent memory… and the U.S. could soon follow...
The money is the most genius invention of mankind. During its long history, it has repeatedly changed its conceptual design. And each stage was accompanied by a qualitative leap in the development of human civilization. In this article we will talk in detail about money, its history and future prospects. 1. The main functions of money The Money is fairly universal tool with the help of which you can perform many tasks. Circulation tool. In turnover, money is a mediator. In order to effectively perform this function, money should be easy to deal with, and its transfer from one person to another should be fulfilled as soon as possible. Payment tool. Each product has its own price, money allows to simplify the process of exchange of goods and services significantly. Accumulation tool. Some of the unused funds can be accumulated for the future, but it is very important to diversify risks and not to keep money in one currency, because, in terms of inflation, its purchasing power in future may significantly decrease. 2. The origin of money and its evolution The money origin is rooted to the times of primitive people. The development of money can be divided into several stages. The first money. The money did not exist as such in human civilization at an early stage of its formation, at that time primitive people had barter. The first elementary monetary funds began to appear at the time of the division of labor. Different tribes used the various goods which were available to them as the money. For example, cocoa beans in Mexico, animal skins in Siberia, pearls in South America were used as currency, etc. Salt was another valuable resource. Metal money. With the development of civilization, money acquires a metallic form. In the VII century B.C. the first coinage appeared. This format of monetary funds becomes very popular all over the world. The primary materials of which were gold, silver, copper and bronze. This type of money significantly increased the sales turnover between people and brought human civilization to a fundamentally new level. During this period begins the accumulation of large capitals. Paper money. In 910 A.D, in China, the first paper money appeared. The appearance of banks marked the beginning of a new era of market relations. Banks have become major custodians of values. People handed them their money, and received paper certificates in return. This format have become so popular that over the time these certificates began to be considered as money, which we can observe nowadays. Electronic money. A year of 1991 becomes a critical point in history, this is the year when the Internet begins to function. Banks actively pick up this technology and begin to use it after a couple of years. Digital money is much faster and more secure than paper analogues. They are still the most common type of monetary funds. Bank cards. The world’s first plastic card was issued back in 1950, it was used in order to pay for dinner in certain restaurants. And only in two years after that, the first bank credit card was issued in the USA. Digital coins. The history of cryptocurrencies begins in the end of 2008, it was the first time when people heard the word Bitcoin. The main feature of cryptocurrency is the lack of a single center that controls emissions and acts as an intermediary in the course of transactions, digital coins also can be mined, i.e., engaged in mining. 3. Prospects of cryptocurrencies Some experts predict a total collapse of cryptocurrencies, other experts predict the world recognition and almost the transfer of all the wealth of mankind into blockchain. What does really awaits the cryptocurrency industry in the future? In fact, there is not a single person who will be able to predict its further development by 100%. We can only assume certain scenarios based on certain facts. It should be noted that a very technological and a universal technology such as blockchain lies at the roots of cryptocurrencies. Potentially, it can be used in almost any field of activity. Cryptocurrencies have altered the very essence of the money: no one controls them, they can not be banned or blocked. Even against the background of the deep correction of 2018, large companies, funds and private investors are beginning to be interested in cryptocurrencies. The governments of the largest countries are developing a legal framework for the market. This will allow to promote cryptocurrencies massively. Along with that, the mass media is overloaded by bad news which is one of the reasons for the protracted correction. If you look at the cryptocurrency chart in longer term, you can clearly see the liquidity of cryptocurrency assets (20x growth), even taking into account their rollback from peak values by 70-90%. Source: CoinMarketCap 4. Conclusion Money is the greatest invention of mankind, they became the catalyst of the progress of human civilization. We are witnessing the formation of a new type of money such as digital coins. Only time will tell whether cryptocurrencies will be able to take a palm of victory and push out paper and electronic money. But it is worth noting that in the long run they have all the chances to do that. Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/
Coingape: Total Market Cap Drops to $100 Billion as Bitcoin on the Longest Weekly Drop While Crypto Adoption Surges
Bitcoin and cryptos are tanking and total market cap has dropped down to $100 billion. Meanwhile, Jeremy Allaire of Circle says he is long on [...] The post Total Market Cap Drops to $100 Billion as Bitcoin on the Longest Weekly Drop While Crypto Adoption Surges appeared first on Coingape.
The growing popularity of digital coins, as well as the cryptocurrency trading, was the reason of emergence for the large number of exchanges. There is huge competition on this market segment now. New projects are trying to lure as many users as possible. But there are also time-tested sites that can guarantee a high security level. In this article we will talk about the most secure cryptocurrency exchange, which has been successfully operating for more than 4 years and has a fairly large user base. Content:(please, click the topic to scroll down to it) Briefly about Bittrex Exchange Trade and order types Deposit and withdrawal of funds Bittrex Exchange commissions Advantages and disadvantages of Bittrex exchange Conclusion 1. Briefly about the Bittrex Exchange Bittrex cryptocurrency exchange was registered in the United States in 2014. Activity of this site is more designed for the American market. But this does not mean that the user base of the project is limited only by traders from USA, Bittrex is also quite popular in Europe and the CIS. The functionality of the exchange can satisfy not only a novice, but also an experienced trader. The platform have integrates tools, with the help of which you can conduct a deep technical analysis. More than 250 currency pairs are traded on this exchange, which provides ample opportunities for trading. It is also worth noting that there is no possibility of trading with leverage and lending on Bittrex exchange. 2. Trade and order types At the site, traders have the opportunity to trade both limit and market orders. Market order is intended to buy and sell assets at the current price. Suppose that the BTC rate is $4,200, if this price suits the trader, he opens a market order and makes a deal at the current rate almost immediately. The limit order is designed to buy or sell an asset at desired, rather than actual rate. For example, the BTC rate is still equal to $4,200, but the trader wants to make a purchase only when the BTC price drops to $4,000. In order to avoid sitting at the trading terminal following the BTC rate, trader can open a limit order. When the asset`s actual price matches the value indicated by the trader, the limit order will automatically close. 3. Deposit and withdrawal of funds It is important to know that this platform works exclusively with cryptocurrencies and it is impossible to replenish your account with fiat. But nowadays this is not a particular problem, because it is possible to buy Bitcoin on a huge number of exchangers now. One may replenish deposit on Bittrex exchange without any special problems, but in order to use the full functionality, it`s necessary to pass the verification procedure. And this is two kinds: Elementary. The user is required to provide with his full name, date of birth and address of residence. Reliability of information is verified by using social media accounts or other open sources. Advanced. In order to withdraw more than 4 BTC per day (or the dollar equivalent in any other coin), one must provide copies of official documents and selfie with the passport. For residents of the CIS countries, this can be a problem, because only an international passport suitable for verification, and not all possess it. 4. Bittrex Exchange Commissions This site cannot boast with very low commissions, but it is also impossible to call them high.Bittrex charges 0.25% of the total amount for each transaction. The exchange may set a special terms for regular traders, but these figures are individual and depends on turnover and single user’s trading time. 5. Advantages and disadvantages of Bittrex exchange Bittrex has its strengths and weaknesses as well as any service. In order to objectively evaluate this site, let’s talk more about its advantages and disadvantages. Advantages: Bittrex activity is officially regulated in the United States. This means that traders are fully protected from the possible misconduct from owners of the exchange. But for residents of other countries (except the US), the official regulation, basically, does not give anything. The ability to go through the verification procedure by using a minimum set of documents (compared to other exchanges). Simple and clear system of fees (0.25% of transaction amount, which is average in the market). Support for a large number of altcoins (including very rare ones), which opens a broad opportunities for users. Enhanced security. The creators of the exchange as a loke call themselves paranoid, as they store about 90% of client funds exclusively in cold wallets. The absence of any restrictions and limits on account replenishment. Disadvantages: Inability to trade with leverage, as well as lending. Lack of referral programs, as well as motivation systems for new users. Very slow customer service. Some questions may remain unanswered for several weeks. 6. Conclusion Bittrex is the safest cryptocurrency exchange in the industry. For all the years of its work this site has not been subjected to a single attack. Almost 90% of user funds are stored in cold wallets. This level of security is the main advantage of this site. Another undoubted advantage of Bittrex is its official status in the United States. The fact is, that the activity of the exchange is regulated by authorities, which legally protects users from possible illegal actions of the site owners. But it should be said that the other countries residents will have to go to the United States to resolve any issues in a court, which requires substantial financial expenses. Bittrex charges a fixed commission, which is equal to 0.25% of transaction`s amount, this is the average for the market. This exchange is a good tool for conducting balanced trading, as it does not support margin trading. Bittrex cannot boast with quality customer support. Based on the foregoing, we can say that this project certainly deserves attention. All the minor flaws of Bittrex are compensated by its merits, especially the security level. Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/
by Chris Vermeulen | 15 December 2018 | 08:13 EST The recent downward pricing pressures in the US and global stock markets have prompted Gold to move well above recent highs. The post Expect Gold & Silver to Pullback Before the Next Move Higher appeared first on We Study Billionaires.
Tron [TRX] the tenth-largest coin in the cryptocurrency market, has been fighting the bear for a long time and the bout does not seem to be over yet. With the market changing almost every day, TRX has to try harder to maintain its position in the top-10 list. According to CoinMarketCap, the coin was valued […] The post Tron [TRX] Technical Analysis: Token crawls on support line as bear blocks all exits appeared first on AMBCrypto.
Current market sentiment has seen massive sell offs on every single cryptocurrency over the past month. The bear market of 2018 will be remembered as one of the worst, with projects dropping over 90% in price. So the question is, are current altcoin prices a bargain?
Coingape: “Cardano Foundation Going to be a Powerhouse in 2019” Says Founder on Releasing Cardano 1.4
While being down 97 percent from its peak, Cardano (ADA) is currently focused on the development phase as its creator Charles Hoskinson announced December 18 [...] The post “Cardano Foundation Going to be a Powerhouse in 2019” Says Founder on Releasing Cardano 1.4 appeared first on Coingape.
There is still a lot of uneasy momentum and uncertainty across all crypto markets this weekend. As long as Bitcoin remains in the red, most other coins and assets will follow its example. The XRP price, while usually a bastion of price stability, is seemingly losing some ground all of a sudden. A bit of […] The post XRP Price Falters as Value Drops by over 4% Overnight appeared first on NullTX.