Tag: currency exchanges

Investing or trading Bitcoin? What Is The Difference?

Investing or trading Bitcoin, this choice should depend on the knowledge of Bitcoin and the available property.

2 min read

The nature of Bitcoin is extremely volatile and the price can dramatically drop in the span of a few hours.
Truly roller coaster!

Because of that, the majority of traders give up after a few months or after the first market crash.

Each time the Bitcoin bubble creates a hype that puts Bitcoin at the front pages of news, the media becomes more interested.

Then the price keeps on rising and investors become millionaires. That’s until the bubble crashes and the circle starts all over again.

That doesn’t mean you cannot get your hands on Bitcoin and own at least a bit of what is believed to be the future of currency. What you do have to understand is the difference between investing and trading Bitcoin.

One of the greatest advantages of Bitcoin is its decentralized nature, which doesn’t require a central authority or a middleman to be involved. Therefore, you can send money to anyone living around the world, eliminating banks. Most importantly, you don’t have to pay extraordinary fees or wait days for the money to arrive at your bank account – it takes minutes.

All the transactions that have ever happened are recorded in the so-called public ledger. The ledger is based on blockchain technology and allows anyone who’s a member of the Bitcoin network to access the records and see every user’s history.

Thus, nobody can cheat, steal money or double-spend them.

If there was anything suspicious happening, the entire network would be notified.

Bitcoin is exciting and magnificent and unique due to the technology behind it and the idea of being free from governmental control.

But before you decide to jump into investing or trading Bitcoin, there are few more things you have to know about its nature.

Bitcoin isn’t a fiat currency, hence its price isn’t directly related to the economy or policies of a single country. It has a difficult history of ups and downs, many of them related to worldwide events.

BTC will never disappoint when it comes to delivering exhilarating shivers down your spine.

If you want to, you can spend all day long tracking different exchanges and trading.
It is a roller coaster!!!

Bitcoin is well-known for its rapid and frequent price movements, sometimes even throughout a day. For traders, it’s yet another exciting opportunity to gather quick profits.

There is no official Bitcoin exchange, hence there is no official Bitcoin price. Bitcoin exchanges operate around the clock.

Trading vs Investing Bitcoin

Is It Better to invest or trade Bitcoin?

This choice should depend on the knowledge of Bitcoin and the available property.

Investing in Bitcoin can start from a small amount which can be increased with time and experience.
It’s a long-term project, which might lead to accumulating a large amount of money.

Trading should be reserved for those who know the Bitcoin nature in-depth and aren’t afraid of losing.
The constant fluctuation of Bitcoin can be an exciting experience for any trader. On the other hand, it can scare away those who do not know how to deal with or handle it.

In other words, the difference between investing and trading Bitcoin lays not only in the technicalities of it but also in somebody’s character and temperament.
A lot of beginners are deceived with an idea of how much they can make from trading Bitcoin. It surely is a more dynamic environment and rates are changing quicker than in a traditional stock exchange, but that only indicates an even higher risk. The fluctuations in the value of a conventional currency can be measured in a fraction of a penny. Bitcoin prices, on the other hand, rise and fall dramatically throughout one day.

This isn’t advice, just notice to you who want to start trading or investing, doesn’t matter. You would never start with all of your capital. You would rather build the experience and understand the market properly.

Investors can wait through the knockdowns and have the resources to postpone the bad impact.
Traders, however, are often compared to professional gamblers – they have to act quickly and know when is the right time to leave the game.

What else you have to know about trading and investing Bitcoin?

You should never keep all your eggs in one basket.

What does it mean? But don’t be mislead that the most secure option is to store your Bitcoins on some exchanges wallet.

Why is that? If you’re thinking about trading, you also have a large amount of money to put on the market.
Be cautious and invest in a secure and reliable wallet. An exchange can be closed and busted anytime, and so are your money. It happened in Bitcoin’s early days. The catastrophic collapse resulted in losing over 800,000 bitcoins and customers were never able to receive their money back.

Some see trading Bitcoin as a Wild West, without any regulations and legitimate backup. While others are sure that it is a manifesto of liberation. Something is well known, it’s a game of which nobody can predict the end result.

Well, we hope that Bitcoin is gonna win! We are working on it!

Listen to this guy.

Risk Disclosure (read carefully!)

11th July 2018
Forex Scams and How to Avoid Them

There is a high level of possibility to get trapped in some Forex scams. Here is how to recognize them and avoid falling in them.

By Guy Avtalyon

Forex scams are the reality but you must know how to avoid them

The Forex market is among the most active trading markets in the world. Hence, participants are ranging from multinational corporations to large banks, to speculators, to governments, and a small fraction of individual professional traders. Even more so than other markets, investing in Forex can be very profitable.

However, there is a risk involved in these investments but we’re not talking about normal risk in any type of investment. I’m talking about Forex scams, where the investment is simply an obvious case of fraud. We all can find on the internet how individual traders complain through forums about how their brokers screwed them.
The forex market involves very active trading of over $1 trillion each day. Futures and currency options put the trading at closer to $5 trillion daily.

Still, there are a lot of opportunities for many forex scams over promises of quick fortunes through “secret trading formulas” or algorithm-based “proprietary” trading methodologies.

What are Forex scams?

For example, signal sellers. One of the challenges a novice forex investor faces is determining which operators to trust in the forex market and which to avoid. The signal seller is offering a system that purports to identify favorable times for buying or selling a currency pair. They all claim they want to provide information that leads to favorable trading opportunities. But signal sellers usually charge a daily, weekly, or monthly fee for their services. Otherwise, how they can earn?

How does typical work?

The scammer gains the trust of his/her victims with a promise of a great and quick profit. Indeed, it’s possible to make a big profit by trading on the Forex market, but not in the way that the fraudster promise. The scammer takes money from the client (actually the victim) and claims that he/she will earn big profits by trading currencies on Forex. In the beginning, the profit is big. But this profit was not realized by scammer’s trading on Forex. The scammer uses the money of newer customers to pay promised earnings to previous clients.

But, victims of fraud, thrilled with good earnings, often decide to invest even more money with the fraudsters. In addition, they often recommend a good opportunity to earn money for their friends so that the network of clients is rapidly increasing. The scam ends after the inflow of new customers ceases to exist or be diminished to the extent that the fraudster is no longer able to pay good earnings to older clients. Then the victims realize that they were deceived and that had lost everything they had invested.

How to identify Forex scams?

The easiest way to identify a fraudster is if he/she requires a client to deposit money in cash, bypassing payments through the bank. Real Forex brokers work solely payments through banks. Real Forex brokers provide customers with access to the market where the client decides which currency to buy or sell, depending on which trading result is. Additionally, every client at any time of the day or night can access to the account and can track the status of his account in real-time.

How to avoid Forex Scams?

Since you are into currency trading to make money, you must know how to avoid Forex scams. The information here will help you a lot on how to avoid Forex scams.

Whenever you are dealing with some site, be cautious, and don’t trade with websites that say you that Forex trading is simple. The scammers capitalize on the human nature of wanting things quick, easy, and convenient. Method to avoid Forex scam is for you to keep away from any website that claims to have a secret trading system. Don’t ever fall victim to these incorrect offers. A lot of Forex traders believe the fact that there is a holy grail or secret trading method that will make a profit for them overnight. Reading reviews of experts will help you to find the broker that fits your Forex requirements. Reviews are a good solution anyway, they can help you to recognize those that can bankrupt soon or save you from scams. The truth is that you need a lot of hard work and patience to succeed in Forex trading.

A lie or truth about Forex?

If you’ve ever searched by some browser for the word “Forex”, you weren’t surprised that some sites write about Forex fraud, often placed on the first page. You will find that Forex is a big fraud and legalized robbery. The “big”, that is brokers and large financial institutions, have teamed up to take the money from the “little ones”, that is ourselves.

We can completely calmly say that Forex is no fraud and it will never be.

So, the Forex market is really great as the potential for earning. Forex trading is real, and Forex at itself is not a scam. People are something else. Some people will always find a way to cheat, deceive, dupe, swindle. That’s the nature of human beings.

That still does not mean the Forex is a scam, not at all. Everyone should be on the lookout for any potential on Forex and invest their money wisely.

If you have personal experience, share it with us and others.

9th July 2018
India’s Top Court Refused To Lift Ban On Cryptocurrency Exchanges

1 min read

India’s top court has refused to grant any interim relief to cryptocurrency exchanges against the Reserve Bank of India’s (RBI) crackdown on them.

The RBI had directed all banks to wind up within three months any existing banking relationships with virtual currency exchanges and traders, was the decision on April 05. The ban kicks in from July 06.

In May, India’s top court had set the next date for the hearing of the case on July 20, two weeks after the ban would come into force. But the Internet and Mobile Association of India (IAMAI), which counts bitcoin exchanges as its members, subsequently approached the court for an early hearing, which took placed on July 03.

India’s Top Court Refused to lift

“This a win for the RBI and a big blow to virtual currency exchanges and traders. In our earlier request to the RBI as well, we had asked it to extend the deadline by a month after the July 20 hearing,” said Rashmi Deshpande, associate partner at Khaitan & Co.

Khaitan & Co is a law firm representing Kali Digital Eco-Systems, an Indian exchange planning to begin operations later this year.

“However, now that the ban will continue, the banking route for the exchanges and its users will be completely choked,” Deshpande added.

On May 17, during the previous hearing, the apex court had asked these exchanges to submit their representation against the central bank. The firms had engaged with the RBI during the last week of May and early June.

“We had submitted a detailed presentation that could have given RBI a clearer picture of what is blockchain, how the exchanges work, etc. But we hadn’t heard back from them yet,” said Nischal Shetty, founder, and CEO of WazirX, another Indian cryptocurrency exchange that has challenged the ban. “Today, the (India’s) supreme court has also directed the RBI to respond to those representations made by the firms in the next seven days.”

Focus on Bitcoin and Blockchain

The Narendra Modi government is in the final stages of finalizing the draft regulation on bitcoin and other currencies, according to a senior government official. That’s why despite India’s top court upholding the ban, the exchanges are hopeful.

“We have prepared a draft (on virtual currencies) that entails what parts of these businesses should be banned and what should be preserved. This should be discussed by the first week of July and we should wrap this up within in the first fortnight of July,” said Subhash Chandra Garg, secretary in the department of economic affairs, who is heading a committee on cryptocurrency regulation, told television news channel ET last month.

What to say?

All eyes are on the government and the next supreme court hearing on July 20. We will see. The truth is only one: crypto is spreading and nothing can stop that!

Share it further!

Risk Disclosure (read carefully!)

9th July 2018