Everyone has heard of how Bitcoin and other crypto currencies have made millions of those who bought as recently as a year ago. Profits of 1,000% or more are not possible, it has become a common ground in the history of crypto currencies. Someone who bought Bitcoin in May 2016 for less than $ 500, would have earned a profit of 1,400% in about 17 months. Then in the last few days, we saw Bitcoin lose about $ 1,000, so to say that crypto currencies are a bit trivial would be futile.
Since Bitcoin in 2008, we at Trend News have been skeptical about the possibility of crypto currencies surviving, as they threaten governments that want to see and pay all taxes. But while we remain cautious about real crypto currencies, we are well aware of the technical potential that underpins these electronic currencies. Instead, we believe that this technology will significantly affect the way data is processed, and that it will affect all sectors of the global economy, just as the internet affected the media.
Here are some questions & answers to get started …
Q: What are Crypto Currencies?
The most popular crypto currency (CC) is BITCOIN. It was the first CC, which started in 2008. Today there are more than 800 CC CCs, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and all are “almost”. There is no “physical” money or money.
Q: How does CC work?
CCs are funds that are available in very large systems. These pages use BLOCKCHAIN technology. Because every blockchain repository is so distributed, they think they can no longer steal from them, since there is no reason to attack and any activity is visible to anyone on the network. Each CC has a team of supervisors, often referred to as “miners”, who verify the process. One CC called Ethereum uses “smart contracts” to validate events. Crypto TREND will provide more details on upcoming releases.
Q: What is BLOCKCHAIN?
Blockchain is a technology that promotes all CCs. Any sales of buying, selling, or exchanging CCs are entered into the BLOCK which is added to the chain. This technology is complex and cannot be described here, but it does have the potential to transform the financial sector, as events can be done quickly and easily, reducing or eliminating fines. This technology is also being explored for use in many other industries.
Q: Is CC Exchange run by the government?
In most cases, the answer is NO, which, for some users, is a major attraction in this market. It is “wild west” at the moment, but governments in developed countries are exploring this market to consider possible legislation. The main choice is to take CCs as money or property / security. Canada and the USA have so far announced that CCs are legal, but things are still unclear due to reports and taxes. Crypto TREND follows and describes these events.
Q: How do I sell this market?
You can buy, sell, and exchange CCs using special “Exchanges” that act as loans. You start by choosing to Exchange, set up an account, and transfer fiat money into your account. You can order your BUYs and SELL CCs. There are many exchanges around the world. Opening an account is easy and all exchanges have their own rules regarding starting and withdrawal fees.
Crypto RELATIONS we will be promoting CC Exchange in the future.
Q: Where do I keep my CC?
In order to have the freedom to move your crypto currency around, as well as pay off debts, you need to have a digital wallet. These wallets come in several forms, such as desktop, cloud based, hardware (USB), mobile phone, and paper. Most of them are FREE, however, security is a big deal because no one wants to lose his wallet or steal. Crypto TREND will promote digital wallets in the future.
Q: What can I do with my CC?
In addition to investing in CC assets, you can also use crypto currency for other financial purposes, such as money transfer and credit card payments. The list of companies that receive crypto currencies is growing rapidly, and includes major hackers such as Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway, and WordPress.
Q: What’s next?
As we begin, we will keep all Crypto TREND records and keep each section as small as possible. As mentioned earlier, we believe that cryptocurrency technology will also be a game changer and the opportunity to earn money like this comes once or twice in a lifetime. Make no mistake about it, the first introduction to this section will just be your imaginary assets, the money you can afford to lose.
Even if you don’t want to invest right now, an initial understanding of this new technology will give you the opportunity to benefit from our ideas as we move forward.
Expect to see a lot of stories and unique ideas from Crypto TREND as we embark on this journey to what might seem like foreign forests at first. This is a volatile market and will not attract the attention of all investors, however, Crypto TREND will be your guide if you are ready.