Cryptocurrency - GuestBlogging.Pro https://www.guestblogging.pro Boost Your Website Traffic Fri, 16 Dec 2022 15:34:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.1 https://www.guestblogging.pro/wp-content/uploads/2022/11/cropped-11-1-32x32.jpg Cryptocurrency - GuestBlogging.Pro https://www.guestblogging.pro 32 32 How Blockchain Revolutionizes the Healthcare Industry in 2023 https://www.guestblogging.pro/how-blockchain-revolutionizes-the-healthcare-industry-in-2023/ https://www.guestblogging.pro/how-blockchain-revolutionizes-the-healthcare-industry-in-2023/#respond Thu, 15 Dec 2022 10:17:00 +0000 https://www.guestblogging.pro/?p=34981 Interest in blockchain technologies has expanded beyond the tech sector, garnering the attention of those...

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Interest in blockchain technologies has expanded beyond the tech sector, garnering the attention of those in other industries and the general public. Blockchain technology now has many other applications besides the banking sector. Multiple sectors, including manufacturing, healthcare, and the arts, are now commonly connected with technology.

Blockchain is being adopted by the healthcare industry bit by bit so that it may use its many advantages, including decentralization, improved security and privacy, and the ability to store and track patients’ medical health records while making them the focal point of the ecosystem.

 

In the Field of Medicine, What Exactly is Blockchain?

The healthcare industry is intricate because of all the players involved in patient care. The government is part of this network, as are hospitals, insurance firms, doctors, and more. With the help of blockchain technology, these entities can share important patient data more.

For instance, Blockchain is utilized in the healthcare sector to build a trustworthy distributed ledger for patient records. It facilitates access to blockchain medical records for medical providers and enables patients to control their health information remotely.

Theft or unauthorized access to private health records has been documented multiple times. More than 50,4 million health records were compromised in 2021, reports GlobeNewswire.

These large numbers, however, suggest several measures are needed to assist the healthcare sector in addressing the problem. Because of its ability to improve transparency, lessen the likelihood of data fraud, and streamline operations, blockchain technology is finding increasing application in the healthcare sector.

 

How Blockchain Healthcare Industry Solution Will Revolutionize The Procedure 

Blockchain technology has several applications in healthcare, including improved data security, better data monitoring, and many others. Here, we’ll go over some of the most important advantages and methods by which this technology can better the business sector:

 

Heightened Protection for Personal Information

Healthcare data can be managed in a safe, transparent, and tamper-proof manner using a blockchain, which is a distributed database. Issues like data breaches and fraud are frequent in the healthcare industry, but blockchain technology can help.

Using blockchain technology, hospitals and clinics may now store patient information on a distributed network rather than a single server. This makes it more challenging for hackers to access or alter sensitive medical records.

Further, Blockchain enables secure data transmission between healthcare providers without compromising patient confidentiality. Auditing all transactions using blockchain technology can greatly minimize healthcare fraud and corruption.

 

Legally Binding, Intelligent Contracts

A smart contract built on the Blockchain can improve the efficiency of many healthcare procedures. They can be used to automatically process insurance claims, check for benefit eligibility, or set up appointments.

Patients’ information and records might be managed with the help of a smart contract, restricting access to sensitive data to those who need it.

 

Management of Expenses and Claims

Filing and processing a medical claim for a patient’s diagnosis, prescriptions, and treatments is part of the claims and billing management process. Some instances of fraud and theft arise after medical records breaches.

Anyone who is a part of the Blockchain will be able to view updates to medical records as the technology records and store them in an open digital ledger.

Blockchain has many potential applications, and many healthcare companies are beginning to incorporate it into their operations. Techspian’s priority is to create programs that people want to use. We are assisting some customers in developing user-friendly medical billing systems.

 

Drug Safety Has Improved

Adverse medication reactions are a leading cause of hospitalizations and fatalities each year. It’s projected that treating drug-related side effects will cost billions of dollars each year.

Drugs’ origins can trace across the entire supply chain, and bad reactions to medications can catch sooner with the help of blockchain technology, which is also being used to monitor patient outcomes.

 

In What Ways Does Blockchain Promise to Improve the Administration of Patient Records?

The concept of Blockchain is essential to grasping this context. Blockchain technology is a decentralized database that facilitates data sharing amongst participants. This setup ensures that the information is safe from manipulation by any central authority. All network members use cryptographic methods to verify all transactions, ensuring transparency and security.

Hospitals, insurance firms, and government agencies are currently in charge of managing our collective health records. Because of this, it’s more difficult to access our data and more likely to be compromised. Blockchain’s decentralized platform for managing health data is one potential solution to these issues.

For example, suppose you go to the hospital for a check up, and your doctor prescribes some medication. The hospital would then enter this prescription into the Blockchain network. If your pharmacy is connected to the Blockchain, they can verify your pharmaceutical prescriptions each time you refill them.

This would not only speed things up, but it would also make mistakes less likely. In addition, hackers would have a harder time gaining access to and changing your medical information if decentralized networks store the data.

In the healthcare sector, Blockchain Technology may potentially help to enhance interoperability. There are currently several barriers to the free flow of health data due to the incompatibility of the various siloed health information systems. For this reason, information sharing across organizations is hampered. Because of its ability to provide a uniform environment for the transmission of health data, blockchain technology may be able to help find a workable solution to this challenge.

Suppose a patient is relocating from one nation to another, for instance. In that case, the Blockchain can securely store the patient’s medical records so that the new country’s doctors can access them without any additional effort on the patient’s part. Doing so would provide faster, higher-quality care for the patient.

Undoubtedly, The medical field stands to benefit greatly from this innovation. It has the potential to solve several problems plaguing the healthcare sector, including those related to data security, interoperability, and data sharing, while also providing a dependable and distributed platform for data management. However, due to Blockchain’s infancy, some obstacles must resolve before it can widely adopt in healthcare. Among these include:

  • The high cost of implementation.
  • The absence of standardization.
  • The difficulty of scaling.
  • The presence of regulatory barriers.
  • The requirement for a more robust infrastructure.
  • The limitations of existing systems.

 

Potential Health Care Blockchain Applications

By including Blockchain as one of its top 10 strategic technology trends, Gartner was thinking about more than just billing, claims, and directories; it was also thinking about how Blockchain may utilize in the delivery of medical care. Blockchain technologies may, for instance, track the source and disseminate water- or food-borne diseases. Potential contaminants may identify, and people at risk can avert.

Gartner’s research on blockchain applications included consideration of other disruptive technologies, such as distributed cloud computing, artificial intelligence, blockchain-based traceability, and automated democratization. While the second and third reasons aren’t at the heart of many commercial blockchain projects cantered on immutable distributed ledgers, they are important to the success of blockchain-based cryptocurrencies. Using blockchain technology, medical professionals, patients, and other businesses in the industry would be able to track and trace their data as it travels through the system, leading to increased trust and confidence in the system as a whole, as well as enhanced efficiency and accuracy.

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What is Blockchain Technology and How Does it Work? https://www.guestblogging.pro/what-is-blockchain-technology-and-how-does-it-work/ https://www.guestblogging.pro/what-is-blockchain-technology-and-how-does-it-work/#respond Thu, 15 Dec 2022 05:15:36 +0000 https://www.guestblogging.pro/?p=34978 A block chain is a decentralized ledger which keeps the records of the ownership of...

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A block chain is a decentralized ledger which keeps the records of the ownership of the assets which is owned digitally. It’s a kind of technology which has been designed in such a way that it cannot be hacked by making it secure. It is a Distributed Ledger Technology which means that it is a digital system for recording the transactions and data at more than 1 place at a single time.

The Block chain collects the information in the form of blocks and holds that information. These blocks are closely interlinked with each other when filled by making it the chain of data which is known as the Block chain.

One of the breakthroughs of the 21st century that has received the most excitement is block chain technology. Block chains, which were initially created to support Bitcoin, now power dozens more cryptocurrencies, and developers are seeking to incorporate the technology into industries including medical, the arts, and banking.

It can be useful to comprehend how block chain functions, why it has value, and how it differs from other internet technologies in order to comprehend the growing interest.

 

Points Which Are Important To Know-

–  A new block is created as each new piece of data arrives. Once a block has been filled with information and attached to the block before it, the data is chained together in chronological order.

– Although other kinds of information can be maintained on a block chain, a transaction ledger has so far been its most popular use.

– Block chain is utilized in the context of Bitcoin in a decentralized manner, ensuring that no one user or organization has power but rather that all users collectively maintain control.

– Since decentralized block chains are immutable, the data entered into them cannot be changed. This means that Bitcoin transactions are permanently recorded and accessible to the general public.

Why Block chain is Emerging Day By Day, the reason is simple because of the 3 main features which it offers. The features which keeps the Block chain on the top of the table are these  –

 

  • It is Highly Secure

The Block chain uses a digital signature which offers the fraud free transaction which makes it impossible to hack or modify the data.

 

  • It’s a Decentralized System

As it is not regularized by any regulatory authority like the government or bank, the transactions in the Block chain has been done on the mutual consent of both the party which makes it secure and works faster.

 

  • It’s Automation Capacity

The block chain can manually generate the events, actions and payments when certain algorithms and criteria are met. The majority of people believe Bitcoin and Block chain may be used interchangeably, but that is not the case. However, Bitcoin is a currency that depends on Block chain technology to be secure. Block chain technology is capable of enabling different applications connected to multiple industries like finance, supply chain, manufacturing, etc.

Block chain technology has been hailed as a disruptive force for the financial industry, particularly for the payment and banking processes. Banks and decentralized block chains, however, are very much not similar. Block chain provides trust, security, and transparency across the whole user network. It also offers efficient and affordable ways to record and share data.

 

 

So the Big Question is How Does the Blockchain Technology Works

– A network of powerful computers known as nodes is where Bitcoin transactions are entered and sent. This vast network of nodes competes to confirm the transaction using computer algorithms.

– This is known as bitcoin mining. The miner who first successfully completes a new block receives bitcoin.

-After the purchase is cryptographically validated, the sale is added to a block on the distributed ledger. The majority of the network must then approve the transaction.

– The block is permanently linked to all earlier blocks of Bitcoin transactions using a cryptographic fingerprint known as a hash, and the transaction is completed.

 

What’s the Future of Block Chain

Since recent developments have pushed us closer to a decentralized, trust less internet, transaction transparency, and other things, block chain technology’s potential is almost endless.

Block chains are likely to be at the vanguard of our efforts in tackling these new societal concerns and redefinition the true meaning of wealth in the brave new world of digital money as we move away from the pandemic phase and into the era of the “new normal.”

Block chain technology has a promising future, and given that it has already shown promise in almost every industry, it seems that the best is yet to come.

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How Play-to-Earn Blockchain Gaming Works and Its Benefits https://www.guestblogging.pro/how-play-to-earn-blockchain-gaming-works-and-its-benefits/ https://www.guestblogging.pro/how-play-to-earn-blockchain-gaming-works-and-its-benefits/#respond Fri, 09 Dec 2022 12:34:39 +0000 https://www.guestblogging.pro/?p=34775 Axie Infinity, Gods Unchained, or Cryptokitties are blockchain play-to-earn gaming segment that is astronomically increasing....

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Axie Infinity, Gods Unchained, or Cryptokitties are blockchain play-to-earn gaming segment that is astronomically increasing. The Crypto domain has carved a niche efficiently. P2E is an innovative gaming model, where players enjoy the game, but earn in-game assets and exchange them for real money. Players can trade NFTs or collect cryptos and earn extra income.

P2E blockchain games have revolutionized the online gaming sector by redefining the roles of developers and players. If you are a beginner then visit https://joystickgaming.io/ and learn more about P2E games and winning strategies.

 

About P2E Crypto Games

The main USP of P2E games is – players can earn cryptocurrency. It even means that if the earned cryptocurrency value increases, the players can become rich overnight. This is the motivation for players but how do P2E games work?

Players are rewarded in small cryptocurrency amounts via participation in contests, tasks, or other activities the game involves.

 

Developers Employ Two Approaches

Native cryptocurrency

The developers create their game’s personal native cryptocurrency. They design tokens, which are the same as in-game currency but possess real-world value. For example SAND from Sandbox, MANA from Decentraland, or AXS & SLP from Axie Infinity.

 

Existing cryptocurrencies

Another approach developers take is depending on existing cryptocurrencies like Bitcoin, Ethereum, Cardano, Dogecoin, etc. some of the games based on familiar cryptocurrencies are named after them like Bitcoin Pop, Bitcoin Tycoon, etc. Some games add the word crypto like Crypto Dragons, CryptoKitties, etc. Players directly get rewarded with established cryptocurrencies but the sum is tiny, so collecting a significant amount takes a longtime, but the monetization process is genuine.

 

P2E & NFTs

The non-fungible token is a virtual collectible asset available in different forms like characters, music, items, virtual land, skins, and more. NFTs are irreplaceable, unique assets, which cannot be duplicated on the blockchain or in gaming.

 

Benefits of Playing P2E Blockchain Games

  • Blockchain empowered – As the P2E games are blockchain technology-empowered, the in-game asset ownership including crypto coins to NFTs is secured. Unlike the ordinary online game, there is no fear of losing in-game collectibles if the server deletes them. Blockchain holds a unique ID for every in-game asset players buy, so no one can tamper with it without the player’s approval.
  • Earn & enjoy playing – You can earn real cash while paying. Exchange the in-game currency for NFT or other collectible items. Sell your in-game assets in the market and earn cryptocurrency.
  • Better gaming opportunities – P2E games have made way for new trends in the online gaming landscape. Thus, the scope of a huge project has been enhanced. Blockchain games introduce players to a new dimension associated with playing capacity. It is not just constrained to playing or a kind of leisure activity.
  • Lucrative – The P2E games offer money-earning opportunities to the developer and players alike. Developers create the games and earn more income as their P2E ecosystem expands, while the players earn revenue via in-game assets.
  • Create blockchain awareness – Blockchain gaming is growing popular. It has attracted players to blockchain applications and created awareness about its vast potential. So, the adoption of blockchain-based products has increased.

As the P2E ecosystem is progressing, it is making ways to fundamentally transforming the World Wide Web, the economy as well as the concept of shared reality.

 

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Working and Benefits Of Crypto Casinos In Online Gambling Landscape https://www.guestblogging.pro/working-and-benefits-of-crypto-casinos-in-online-gambling-landscape/ https://www.guestblogging.pro/working-and-benefits-of-crypto-casinos-in-online-gambling-landscape/#respond Fri, 09 Dec 2022 12:28:58 +0000 https://www.guestblogging.pro/?p=34769 Blockchain technology is applied in many sectors like health, finance, and security. So, cryptocurrency is...

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Blockchain technology is applied in many sectors like health, finance, and security. So, cryptocurrency is grabbing plenty of attention from organizations, investors, and people as a new mode of payment exchange. Cryptocurrency is decentralized, so payments across the country are made easy. The limitations via traditional or online payment systems are eliminated. The crypto gambling landscape is therefore gaining more popularity.

Bitcoins and Ethereum coins are used increasingly for playing online casino games. You can learn about crypto casinos on the clovr.com blog. You even get to know, which casinos offer the best bonus packages or features on this platform.

 

What’s the Crypto Casino?

Crypto casinos are similar to traditional online casinos but even accept crypto coin deposits and can even withdraw winnings via these coins. You will need a crypto wallet for playing on crypto casinos. It is software, where you store, hold, trade, receive, and transfer cryptocurrency. Just like regular online casinos, crypto casinos also offer an array of games to enjoy.

 

How to Play on a Crypto Casino?

The process of playing on the crypto casino is simple.

  • Open a reliable crypto wallet with great security, multiple coins support, and minimal charges.
  • Choose an established casino platform to gamble. Check deposit options to get an idea of which crypto coin to buy. Create an account and obtain an in-house wallet for storing your deposits and wins.
  • Use a crypto wallet and buy cryptocurrency the chosen online casino supports. It helps to avoid the need for coin exchange before you make a deposit.
  • You are now prepared to choose a game. The game rules are the same as regular online casinos. Choose a game you know but read the rules.

Before your buy or withdraw cryptocurrencies check the existing rates. It will help to book better value!

 

Crypto Casino Benefits

  • Transparency – Regular casinos offline or online have a bad reputation for playing dodgy tricks. crypto casinosFortunately,  eliminate the possibility of casino houses changing odds in their favor. As blockchain technology is used the house cannot make changes, which offers better clarity and transparency to both.
  • It is safe & secure – Users don’t need to offer personal details like debit or credit card information, name, etc. Unlike traditional casinos, players don’t need to fill out forms before playing.
  • Low transaction charges – Crypto casinos transaction costs are minimal to zero. Gamblers find making transactions of large deposits & withdrawals more affordable.
  • Offers good bonuses – The majority of online crypto casinos offer lucrative bonuses like 5 BTC during deposits & wins. Several welcome bonus offer attracts non-crypto users.
  • Fast payouts – Unlike banks, online crypto casinos’ withdrawal payouts are quick. You can receive them in your crypto wallet within a few minutes or a day depending on the rush.
  • Offers top-quality games – Crypto casinos offer top-quality games that are unique. You can get more than 1000 games including dice, slot, live, and more. Each game’s graphic is rich and you can enjoy it a lot.

Remember, there is no lack of dishonest online casinos. You need to choose one with a stellar reputation.

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Why You Should Consider Bitcoin Trading In 2023 https://www.guestblogging.pro/why-you-should-consider-bitcoin-trading-in-2023/ https://www.guestblogging.pro/why-you-should-consider-bitcoin-trading-in-2023/#respond Thu, 08 Dec 2022 11:40:09 +0000 https://www.guestblogging.pro/?p=34722 More people are joining the Bitcoin bandwagon daily and for a good reason. Bitcoin is...

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More people are joining the Bitcoin bandwagon daily and for a good reason. Bitcoin is the largest cryptocurrency by market value and a good value if you have a high-risk tolerance. As a result, the cryptocurrency market has gained investor credibility over the past few years.

Trading in cryptocurrency seems like the future of tomorrow. Newcomers and long-time users have contemplated the feasibility of trading crypto since it exhibits similar traits as stock and other assets. You can also find plenty of online crypto trading apps, such as Finixio AI, that make crypto trading easier, even for newbies. However, there are still debates over Bitcoin trading and its feasibility.

This article explains why you should consider bitcoin trading in 2023.

 

1. It is Flexible and Volatile

Bitcoin

The crypto market is flexible, lending several rapid intraday price movements if you want to go long-term or short-term. The volatility of Bitcoin trading makes it exciting for investors. Its ability to maintain the title as the most valuable cryptocurrency means there’s a high potential for high returns.

If you develop an actionable risk management strategy, bitcoin trading has prime opportunities. Since bitcoin and cryptocurrency trading is relatively young, new coins are becoming mainstream daily. The availability of new coins now and then brings unpredictability in price and volatility, which can create opportunities for massive profit.

Some people have suspected that bitcoin is a bubble. However, if you had bought Bitcoin in the early 2010s, you’ll have more than $20 million today. With this kind of return, it is hard not to get onto the bandwagon. However, volatility also comes with significant downsides that require risk-taking.

 

2. Impeccable Security

Impeccable security

Security is always a concern when trading or anything related to money. Due to security breaches, most people have suffered fraud cases with traditional trading systems. Security can never be an issue if you choose to trade in cryptocurrency. The platform thrives without financial institutions and third-party intermediaries, which makes your assets a secure and reliable store of value.

Trading in cryptocurrency offers impeccable security and a sense of relief. The blockchain system lies entirely on a secure platform that makes Bitcoin highly secure, with all transactions based on blockchain technology. Therefore, it is a safe and stable alternative to traditional currencies not affected by the interest rate of exchange is right.

The best thing about bitcoin trading is that you control your money. Since transparency in personal and financial information gives traders peace of mind, Bitcoin trading offers the freedom to trade freely and conveniently. When you join bitcoin trading, you benefit from increased privacy. All information stored on blockchain technology is discreet, preventing any room for fraud.

 

3. Low Inflation Risk

You can hedge against inflation and the potential collapse of a fiat-based economy by investing in Bitcoin. Unlike other currencies regulated by the government, bitcoin is nearly immune to hyperinflation. While it can still undergo inflation, it happens at a predictable rate that reduces every four years. The cryptocurrency blockchain system is infinite, with little worry about the cryptos losing their value.

Compared to traditional payment systems that can lead to inflationary pressures, there is no inflation with bitcoin trading. With unstable economies and plummeting currency values, inflation rates can seem devastating.

 

4. Improved liquidity

Improved liquidity

Bitcoin is a liquid investment asset with a global establishment of trading platforms, exchanges, and online brokerages. Liquidity describes how quickly and easily you can convert cryptocurrency into cash without affecting the market price. It brings out better pricing and faster transaction times. The cryptocurrency market is illiquid because of the transactions across multiple exchanges.

The high liquidity of Bitcoin makes it an excellent investment if you want short-term profits or long-term Investments because of the high market demand. You can trade bitcoin for cash or assets like gold with meager fees. The improved liquidity means you can always find a buyer when selling Bitcoin. It is also ideal for emergencies if you want to get quick cash.

 

5. Flexible Market Hours

When you engage in Bitcoin trading, you will know the flexible marketing hours. This is an advantage over traditional trading markets that have a fixed timeline to operate. The cryptocurrency market is always open all day of the week. The market has no decentralized governance, a factor that helps ease transactions directly between traders worldwide.

The availability and viability of cryptocurrencies are not limited to a particular region or country. This means anyone with an internet connection and mobile phone can trade. It is the only asset class that can be traded by the entire world’s population regardless of financial standing or proximity to financial systems.

 

6. Lack of Transaction Fees

Lack of Transaction Fees

Bitcoin’s biggest strength is the ability to trade in a peer-to-peer manner without central authority involvement. When you invest in Bitcoin trading, you will enjoy the lack of transaction fees. This is a significant advantage compared to the traditional investment, where transaction fees gulp a gigantic size of your asset value. The high transaction prices often prevent investors from partaking in global trade.

The cryptocurrency network compensates crypto miners and generates the cryptocurrency, thus reducing the transaction fees. Crypto is decentralized, meaning the transfers are instant and don’t require documents or fees. Trading can save a lot of money, and transactions are on time.

 

Bottom line

Bitcoin trading could be viable in 2023 if you have a general market outlook. It has a better store of value than some of the most significant fiat currencies. If you want to get involved in cryptocurrency, buying a digital asset is one of the first steps. Not all tokens will perform exceptionally well in 2023. However, you can find potentially booming digital assets. Ensure you understand the risks associated before you trade.

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Crypto Trading is an Emerging Market: 5 Things You Should Know https://www.guestblogging.pro/crypto-trading-is-an-emerging-market/ https://www.guestblogging.pro/crypto-trading-is-an-emerging-market/#respond Mon, 28 Nov 2022 04:39:23 +0000 https://www.guestblogging.pro/?p=34022 It’s no secret that cryptocurrency has gained popularity over the past few years, but most...

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It’s no secret that cryptocurrency has gained popularity over the past few years, but most people are still unsure what it is. Bitcoin and the technology that underpins it are more than just a digital currency; they promise to transform the financial sector and countless other industries. Learning about crypto trading is, therefore, worth your time.

Various cryptocurrencies, like bitcoin, are constantly in the news, charting wild roller coasters of highs and lows. Crypto trading, however, is a relatively new field. It is essential to understand it before trading in or accounting for them. Those who conduct due diligence step-by-step and gain experience with small, low-risk crypto projects may find they offer exciting new opportunities. So, here are the five crucial things you should know about crypto trading.

 

1.   Crypto Trading Enables Automating the Buying Process

As with regular shares and stocks, you can benefit from dollar-cost averaging by automating your crypto purchases. Several cryptocurrency exchanges, such as Coinbase and Gemini, allow you to set up recurring investments. For example, if a crypto investor wants to buy a certain amount of bitcoin brokers every month, they tell the platform to purchase it every month.

As a result, they receive less of the currency at high prices and a bit more at low prices. Buying or selling at the lowest possible price removes the stress of trying to time the market. Even marketing professionals struggle with this. Furthermore, it requires the right trading platform where you can set custom trades and never get caught in a dip. To learn more about crypto trading, click on Finixio AI

 

2.   Making Money with Crypto Trading

Unlike tangible assets, cryptocurrency value is driven mainly by investor sentiment. It is impossible to measure fundamental value by earnings reports, profits, or revenues, as there are none. Making money with crypto usually requires patience and long-term investing. For example, people hold on to bitcoin, hoping someone else will pay more for it later.

  • As of April 2011, there was a value of about $1 (72p) for one bitcoin
  • The price of one bitcoin topped $69,044 in November 2021
  • In March 2022, it fell to $47,000
  • In May 2022, prices fell further to $29,000 and were about $21,300 early in July.

You would have gained $6,904,400 if you held onto 100 bitcoins for ten years, starting in April 2011. Currently, 100 bitcoins are worth $2,130,000 — still an excellent investment but highlighting the volatility of digital currencies. However, a ban on bitcoin ownership or trading could undermine the currency’s prospects among traders and investors.

 

3.   The Cryptocurrency Payment Process

Cryptocurrency payments differ from traditional payment methods in many ways. Unlike standard costs, they don’t have legal protection. Credit cards and debit cards are legally protected if something goes wrong. Suppose you want to dispute your purchase; your credit card company may help you. There are typically no safeguards attached to them. Bitcoin payments are generally irreversible. You can only get your money back when you pay with cryptocurrency if the person you paid returns it. It would help to check a seller’s reputation before purchasing it.

Depending on your transactions, some information will probably be publicly available. There is a perception that cryptocurrency transactions are anonymous. It’s not that simple, however. There is a public record of every cryptocurrency transaction — both from the payment side and the receipt side — on a public ledger called a “blockchain.” Information added to blockchains can include details such as the amount of the transaction and the wallet addresses of the sender and recipient.

 

4.   Crypto Trading Taxation Process

There is very little guidance on cryptocurrency taxation from the Internal Revenue Service. A 2014 notice, however, stated that people were to treat it as property for federal income tax purposes. Depending on how you hold cryptocurrency, you can classify it as a business asset, an investment asset, or a personal asset.

Besides monitoring the gain, cryptocurrency owners must keep track of their basis and know how to prepare for tax filing. Any exchange of goods or services involving it is taxable. Coin-to-fiat sales, coin-to-coin swaps, cryptocurrency purchases, and service receipts are taxable events. Cryptocurrency taxation involves other complexities, and businesses and individuals must continue to monitor future developments.

Also Read: Cryptocurrency: Why Has It Been So Popular Up To Now?

 

5.   Cryptocurrency Valuation

Bitcoin is the largest and most well-known cryptocurrency out of thousands. Here are some facts about it:

  • Bitcoin is a finite resource
  • Approximately 89% of what will ever exist has already been created
  • To date, people have generated 18.6 million, and the limit is 21 million

As explained above, there is a definite relationship between bitcoin’s price and scarcity and demand, with the finite nature of its supply supporting its high price. With a limited supply of bitcoin, people are willing to pay a higher price to own it.

For instance, in March 2022, a bitcoin was worth about $47,063, up from 5p in 2010, just after they launched the currency. There is a high degree of volatility in the crypto market; according to Statista, the bitcoin price was approximately $18,582 by November 2022.

 

Conclusion

Crypto trading is an emerging market. However, there are crucial things to know before you begin your trades. For example, choosing the right trading platform is vital to make money. Besides, you should understand the valuation and taxation process and more.

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How to Exchange Ethereum to USD? https://www.guestblogging.pro/how-to-exchange-ethereum-to-usd/ Fri, 23 Sep 2022 15:54:11 +0000 https://www.guestblogging.pro/?p=32151 This article will provide you with a step-by-step guide on how to exchange 0.04 ETH...

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This article will provide you with a step-by-step guide on how to exchange 0.04 ETH to USD.

First, you will need to create an account at an exchange platform such as Coinbase or Gemini.

Next, follow the steps below:

  1. Create a Coinbase or Gemini account
  2. Deposit funds into your account using your bank account or credit card. You can also use cash for this purpose if you have it available.
  3. Buy Bitcoin at the current market price and transfer the BTC to your Coinbase or Gemini wallet.
  4. Buy Ether (ETH). You can buy ETH on any of these exchanges: LetsExchange, Kraken, Gatehub, Bitfinex, Poloniex etc.
  5. Transfer ETH from your wallet to the exchange platform where you bought BTC and use a BTC/ETH trading pair to transfer ETH from the exchange into your Coinbase or Gemini wallet.

 

What is Ethereum and How Does it Differ from Bitcoin?

Ethereum is a decentralized digital currency that was created by a group of developers in 2014. It is built on the blockchain technology and is designed to execute smart contracts.

Bitcoin, on the other hand, is a digital currency that was created in 2009. It was designed to be used as an alternative to fiat currencies such as the US Dollar and Euro. The main difference between these two cryptocurrencies is that bitcoin has a fixed supply of 21 million coins while ethereum’s supply can be increased at any time by its users through transactions known as “fiat transfers”.

 

The Special Reason for the Crypto Market Boom-Ethereum

The crypto market has been on a rollercoaster ride. The price of Bitcoin has gone up and down in the last few years, and it seems that it is not going to stop anytime soon.

The reason for this is that blockchain technology is still in its infancy, and the market could be led to massive growth with the introduction of new technologies (such as smart contracts) which will make transactions more efficient.

 

What Are Some of the Best Methods for Converting Ethereum to US Dollars?

This section is all about conversion rates and what they are.

Let’s consider the following scenario: You have an ethereum wallet and you want to convert your eth to usd. You need a conversion rate that will get you the best value for your money. Is there any way you can find one?

The most popular way to do this is by using a website like LetsExchange, but this may not be the best option for all people. If you are only interested in getting the best possible value, then there are some third-party tools which offer this service.

 

How to Convert Ethereum To USD in the safest way possible?

Ethereum is a decentralized cryptocurrency that has gained immense popularity in recent years. It is a cryptocurrency with very high potential to become the next big thing in the world of finance. It was launched by an unknown programmer, who calls himself “Satoshi Nakamoto”. Since then, it has gained enormous popularity and value.

But how can you convert Ethereum to USD safely? There are many websites online that offer this service but none of them are safe and reliable. So I decided to write this guide so that no one else has to go through this trouble. I will show you how to convert Ethereum into USD safely and securely using an online exchanger website called Eth Usd Exchange Rate Chart . This should make your life easier!

 

The Easiest Way to Convert ETH To USD Today Is by Exchanging through LetsExchange

LetsExchange is an Ethereum exchange platform that lets users exchange 0.003 ETH to USD. It has a simple interface, which makes it easy for users to use and understand.

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How to Navigate the NFT Market https://www.guestblogging.pro/how-to-navigate-the-nft-market/ Mon, 18 Jul 2022 18:37:05 +0000 https://www.guestblogging.pro/?p=29293 For some, the NFT market is the most exciting place in the world to go...

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For some, the NFT market is the most exciting place in the world to go shopping. It’s an entirely new asset class that’s developing at mighty speeds with huge and growing valuations. For others, NFTs feel a little like a scam: promising something that seems too good to be true. In this article, we’ll advise you on how to approach this marketplace in order to avoid taking undue risks and potentially losing your investment or your cash.

Reputable Websites

As with any rising trend, there are always people looking to take advantage of you online. As you search the internet for NFT information and marketplaces, you’re likely to stumble upon the websites of people who don’t necessarily sell NFTs and are simply interested in taking advantage of the hype around the technology to make some quick, fraudulent cash. Always shop on a reputable NFT marketplace to avoid losing cash because you’ve failed to notice that some of the websites you’re visiting are scam sites. Thankfully, some of the largest NFT marketplaces are very famous and are established enough for you to put your trust in.

 

Investment Opportunities

If you’re thinking about navigating the NFT marketplace, it’s probably because you’ve already decided that you’d like to make an investment in this promising new technological asset class. That’s great news, but you should be aware that some NFTs may be more valuable than others. You should do your research here to determine what you think is going to be worth cash in the future. Some say that NFTs will be collectible and that the first-ever NFTs will be more valuable than those that come after them. Others believe NFTs will grow in value across the board, whatever it is that you buy. It’s up to you to decide, and only time will tell what a good investment is.

 

Currency

When you shop in an NFT market, you won’t be using your normal forms of cash. You cannot buy an NFT with dollars. You’ll have to convert some dollars into the cryptocurrency Ether, which is the only digital currency that you can use to purchase an NFT. Again, it’s worth getting to grips with how Ether works, how to purchase and store it, and how the price of it fluctuates, before you choose to convert some dollars into the currency to see whether you’d like to spend it on an NFT.

 

Appreciation

You’ll see on some marketplaces that there are valuations that claim to have put a rough figure on what an NFT is worth today. These valuations are often far higher than those that accompanied NFTs around a year ago, when they were still in their infancy. This means that you may well be likely to gain from an investment in an NFT – although you could also buy an asset that turns out to be digitally worthless. Investing in an NFT is not risk-free, so always be cautious when you’re approaching this field in order to make smart, clear decisions on what you buy.

Use these tips to help you navigate the tricky NFT landscape in 2022.

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Things About Crypto Sports Betting That You Should Know https://www.guestblogging.pro/things-about-crypto-sports-betting-that-you-should-know/ Mon, 04 Jul 2022 15:00:33 +0000 https://www.guestblogging.pro/?p=28956 Do you know that you can now bet utilizing cryptocurrencies, the so-called crypto sports betting?...

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Do you know that you can now bet utilizing cryptocurrencies, the so-called crypto sports betting? Many online casinos are beginning to receive them and their demand is growing. Nevertheless, before trying it, there are some facts you should know about this new tendency. We have prepared a few things that you need to know about crypto sports betting.

What is Crypto Sports Betting? 

The term cryptocurrency sports betting is relatively new in online wagering. It is based on betting on international sports leagues and sports events utilizing cryptocurrencies rather than government-issued money. Users or wagerers place bets on the results of sports games or individual sports matches in order to win money in the form of cryptocurrency. 

In the online gambling world are used such crypto names as bitcoin, Ethereum, Litecoin, dogecoin, and dash. There are presently about 2,000 cryptocurrency choices obtainable to users.

 

How Does Crypto Betting Function?

Cryptocurrency stakes work the same as regular stakes, but with cryptocurrencies. However, the distinction is that the cost and value of cryptocurrencies vacillate quite a lot. Bitcoin stakes will not repay the same value from the time you set your bet to the time you withdraw funds if you need to convert items to fiat to withdraw your funds. This is why the ways of dealing with crypto differ greatly depending on where esports betting is being done.

If you prefer standard sports betting, you should try wagering with Parimatch. With us, you can know how to deposit on parimatch in india. Parimatch is a trustworthy licensed international label with a 28-year history.  Parimatch proposes a great assortment of sports to bet on, containing esports and virtual sports. With us, you can set bets before the match or live (in-play). Everything you are required is only a small minimum deposit. Instead, we guarantee you a speedy and suitable payout. Parimatch offers a mobile app to make your wagering more comfortable and also you can get different promotional offers. Customer support is glad to help with any problem 24/7 via  WhatsApp, online chat, or email.

 

Facts About Crypto Sports Wagering it is Necessary to Know

We have found some interesting facts that you need to know:

  1. There are many suspicious sites

In general, you can see two kinds of wagering sites where you can use cryptocurrencies. The first one includes reputable sites that have started offering cryptocurrencies as one of the deposit possibilities.

The second kind is recent websites that have appeared in the last year or two and take only cryptocurrencies. Such websites are often suspicious and you should stay away from them, or at least study them entirely.

If you feel suspicious about the site, you should recoil your balance as soon as possible – just to be on the safe side.

  1. Not all cryptocurrencies are taken

While more and more websites are beginning to take cryptocurrencies, this only involves a couple of them. There are currently over 2,000 cryptocurrencies and commonly told, only about 4 of them are widely used by gaming sites.

The most typical cryptocurrencies on gambling sites are Bitcoin, Litecoin, Ethereum, and Bitcoin Cash.

  1. The Rules Keep Changing

In some past years, we can observe many modifications in the rules governing both online and cryptocurrency gambling. For your safety, you must ensure that you are always aware of the rules of your jurisdiction. No bet is worth the risk of pushing to jail or obtaining a big fine, so you need to make sure you fully comply with the rules.

Cryptocurrency sports betting can supply many advantages by presenting a private and secure way to bet with streamlined transactions. But to take benefit of this, you need to be fully conscious of what you are doing.

Always recall the same regulations of gambling are used in anonymous bitcoin sports betting. If you desire to be secure, you should be cautious. Never gamble more than you can afford to fail.

  1. Transaction is Irreversible

Any transaction completed using cryptocurrency is irreversible, unlike credit card payment or bank transfer. It is necessary to remember this when you deposit and be very careful.

If you by chance use the wrong wallet code to transfer, you may lose your deposit. The same happens to withdrawing funds to a cryptocurrency wallet.

  1. Cryptocurrency can be Unstable

Always keep in mind that the value of cryptocurrencies is unstable and this can influence your earnings or loss. In most circumstances, the cryptocurrency you deposit will be converted by the site into fiat currency (for example, US dollars).

This signifies that you can make earnings or losses on the deposit itself, and the same happens if you withdraw it in the form of cryptocurrency. Unfortunately, there is no simple path to bypass this and the best what you can do is to watch the market to be conscious of the price of the appropriate cryptocurrency.

 

Conclusion

Crypto sports betting is a relatively new direction in the world of gambling. Of course, it is convenient for those who have cryptocurrency. But you should take into consideration the facts above before placing your wager in crypto. We advise you to try to do it with the reliable company Parimatch.

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How to Get a Crypto or NFT Project? https://www.guestblogging.pro/how-to-get-a-crypto-or-nft-project/ Wed, 11 May 2022 11:41:43 +0000 https://www.guestblogging.pro/?p=28405 Marketing has always been the most powerful pillar of any business. It helps promote your...

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Marketing has always been the most powerful pillar of any business. It helps promote your products and services and increases your ROI. The same formula applies to the world of crypto marketing and NFT marketing as well.

Digital creators are coming up with brilliant crypto and NFT projects every other day. But a large number of these projects don’t enjoy the success they deserve due to poor marketing strategies. For this reason, many crypto brands are now approaching crypto marketing agencies to help them formulate fool-proof plans to promote their project. If you want to help your clients get extensive publicity for their crypto or NFT project as a digital agency owner, this blog is for you.

 

Top 4 Crypto Marketing and NFT Marketing Strategies:

  • Media Placements: Getting the word out about your client’s crypto or NFT project through features on different digital media outlets is one of the best crypto marketing strategies. Getting featured in renowned fintech publications such as CoinTelegrapgh, Bitcoinist, Bloomberg, etc., can bring your client’s project straight onto the screens of millions of potential buyers, investors, and crypto enthusiasts. Moreover, crypto creators can benefit from such platforms to build and promote their brand identity and create a strong market presence.
  • Crypto Twitter Marketing: Social media marketing is yet another excellent avenue to promote the crypto projects of your clients. Twitter marketing for crypto, in particular, is one of the most rewarding ways to identify and target interested audience groups for promoting your client’s crypto or NFT project. You can leverage Twitter DM (direct message) marketing to reach out to interested parties with your marketing pitch directly. An experienced crypto marketing agency would use expert targeting techniques and copywriting skills to bring in potential investors through brilliant marketing pitches over Twitter DMs.
  • Search Engine Optimization (SEO): SEO is your best bet when looking to drive organic traffic to your client’s crypto or NFT website. SEO for crypto marketing requires keyword research, optimizing website content, structuring the website, and building genuine backlinks to your website on different platforms. Expert digital agencies are aware of the algorithms and tactics involved in good SEO practices and hence, can offer seamless NFT and crypto promotion services to their clients.

 

How a Digital PR Agency Can Make Lucrative Profits from Crypto Marketing Services

Due to the increased competition in the crypto and NFT industry currently, there is a great demand for effective crypto marketing services. As such, a digital PR agency that can help a crypto or NFT project outshine its competitors in the digital world with advanced marketing techniques and proven expertise stands to gain a lot.

If you are the owner of a digital agency and want to offer crypto marketing or NFT PR services, the following tips can come to your aid:

  • Leverage the maximum potential of social media for promotion.
  • Improve your connections with influencers as influencer marketing is gaining momentum in the crypto PR world.
  • Offer premium PR services with guaranteed results.
  • Broaden your network and build connections with digital crypto and fintech publications.
  • Implement white hat SEO and formulate an online reputation management strategy for your crypto client.

However, you need not worry if all of this sounds like too much work or if you lack the team strength and resources to pull off so much at once. The best way to offer crypto and NFT marketing services to your clients effortlessly is by partnering with a premier white-label crypto marketing agency and reselling their services to your clients. Such agencies offer planned strategies and ready-to-use services for digital agencies or individuals. Moreover, by white labeling crypto PR services from a reputed agency, you can ensure that you make maximum profits while incurring zero risks in service delivery!

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