Category Archive Blockchain

“HODL” is a misspelling of “hold,” which is an attempt to avoid the impulse to panic sell when Bitcoin prices drop. It is often used in online cryptocurrency forums or in the comments section of Youtube videos that discuss Bitcoin trading.

The term “HODL” originates from a cryptocurrency forum post entitled “I AM HODLING” made in 2013.

The community that was rapidly growing around Bitcoin at the time had grown accustomed to seeing prices go up, and when the price suddenly began falling due to an unexpected government announcement, many were caught off guard.

Bitcoin is a revolutionary invention that has already changed the world of finance and will continue to do so. The original purpose of this paper was to present an unbiased view of what Bitcoin is, how it came about, and where it’s going. However, since I believe that knowledge without action leads nowhere, I encourage you to take some time off from reading this paper and go try out bitcoin for yourself. Find a friend who owns some bitcoins and buy some for yourself on their recommendation.

What is Hodling?

HODL is a term used in the digital currency world that means holding on to your coins or tokens rather than selling them. The idea of HODL came from a drunk post on Bitcoin Forum about bitcoin not being able to be traded but only held for future use.

A Bitcoin maximalist is someone who holds that Bitcoin has the greatest chance of success in the cryptocurrency market. A bitcoin maximalist believes that a certain protocol, such as Bitcoin’s blockchain, will dominate all others and become a standard across markets.

Is HODL A Good Investment in Cryptocurrencies?

While the word HODL is a frequently used slang in the cryptocurrency world, it has been criticized for being a bad advice. HODL does not mean anything in terms of investment strategy, but some people consider it as a bullish sign when they see the term in crypto forums and communities. However, there are already some critics who believe that HODL can be a good way to lose money.

What is the HODL strategy?

The HODL strategy is based on investment in cryptocurrency without the intention of selling. The investor believes that the value of the cryptocurrency will increase over time, which will result in profit when it is sold at a higher price.

HODL Risks: The thing that worries me the most about HODL is that 80% of all “crypto” tokens on the market today are outright scams, and the people.

HODLers will also have other criteria for selecting an exchange. One of the most important factors is that the exchange is safe. There are several ways to determine this. First, exchanges that are not regulated are often unsafe because they do not have to disclose company information. Second, exchanges with low fees tend to be unsafe because they cannot provide adequate security for user funds.

Conclusion

HODL is the opposite of FUD. While FUD is used to drive fear into investors, HODL is used to drive hope into them. Why are some people using this term? Because they are trying to encourage others not to sell their cryptocurrencies during a downturn in prices.

Keyword research is a key of any successful project on internet. It help to plan what type of information industry target audience are searching on the search engine.

In this post, I will share with you a proven keyword research strategies that will help all industry to find unique, relevant and most searchable keywords.

So without any delay, lets get started.

How To Find Keywords for Blockchain Projects

There are many paid and free tool that help you find your project related keywords but in this post, I will only share free technique to find keywords for your blockchain projects. I will not stretch the post so I come to the point and share the method with some screenshots:

Google Keyword Planner

Wikipedia Table of Contents

Google’s “Searches Related To”

Reddit and Forums

Google Suggest

YouTube Suggest

Quora Question

Click here to download the keyword research template.

List of Keywords for Blockchain Projects

I researched 10000+ Google search results for crypto related projects and found the list, If they are not relevant for your project just replace the word blockchain and your will get an amazing result, checkout the keyword list of blockchain :

What is a Blockchain?

ICO vs Blockchain

Blockchain in 2022

Blockchain vs Bitcoin Review

Simple Blockchain Project

Blockchain Project Cost

Blockchain Services

Blockchain Project List

Blockchain Project Development Strategies

Blockchain Project Management

Blockchain Project Ideas

Blockchain Project Solution

Local Blockchain Project

Blockchain Project Generator

Blockchain Development Checklist

Blockchain Project Pricing

Blockchain Development Job

Blockchain Project Cost Calculator

Blockchain Project Portfolio

Benefits of Blockchain

Blockchain Statistics

Blockchain Company

Top/Best Blockchain Project

History of Blockchain

Blockchain Security

Cheap Blockchain Developer

Why Blockchain Important

Pros of Blockchain

How to learn Blockchain

Blockchain Marketing

Blockchain Apps

Blockchain Package

Blockchain Explained

Find Blockchain Developer

Different Between Blockchain and Bitcoin

Different Type of Blockchain Projects

Facts about Blockchain

Blockchain Trends

Blockchain Innovation

Blockchain Tool/Equipment

Blockchain Tips

How often Blockchain

Hiring Blockchain Developer

Blockchain Guide

Blockchain Maintenance

Blockchain Hacks

Blockchain Tricks

What does Blockchain do

What is a Blockchain know for

Blockchain industry

Types of Blockchain

Is Blockchain safe

How much to pay for Blockchain

Why choose a Blockchain

What does Blockchain meaning

Blockchain Certification

How to develop Blockchain (Without Tools)

How to improve the quality of Blockchain

Secrets of Blockchain

Reason to invest in Blockchain

Questions to ask about Blockchain

FAQs about Blockchain

Advantages and disadvantages of Blockchain

Blockchain for industry

Best practices in Blockchain

Blockchain Templates

Blockchain Factors

Blockchain Study

Introduction of Blockchain

Blockchain List

Blockchain Video

Blockchain Infographics

Blockchain Podcast

Blockchain Factors

Blockchain Tutorial

Blockchain Technique

Blockchain Users

Blockchain Stats

Blockchain This Year

Blockchain 2.0

Blockchain for B2b

Conclusion

I hope you like the keyword research report. If the above mentioned keywords are not fulfilling your requirement, copy all keywords in google doc file and just replace blockchain with your project main keyword. You will be surprised to see the result. I make this post very short for your so your get all information without spending your precious time in the net of word-count. Please don’t forget to share your thought on this post.

Is there any asset that can be easily bought and also has a high value? Yes, it is none other than crypto collectibles. More than 1 million digital collectibles are present in the world now as per NFT marketing agency CoinRanking. 

Where does the trading of these Non-Fungible tokens occur?

It occurs on a robust marketplace that functions on an immutable blockchain network. However, not every entrepreneur can build an NFT marketplace from scratch. It involves huge expenditure on human resources and tech stack. Hence, they can select a viable alternative by purchasing a white-label NFT marketplace. 

A skilled mobile app development company will add advanced features and functionalities to the NFT trading platform. This will help cryptopreneurs to handle auctions, bids, the listing of collectibles, and the processing of transactions. 

What are some latest stats related to NFT marketplaces?

• Investors continue to throng two platforms, OpenSea and Axie Infinity for trading digital collectibles. They have a daily trading volume of $59.60 million and $28.89 million according to DAppRadar.  Interestingly, both these NFT marketplaces operate on the Ethereum blockchain network. See the list of NFT marketplaces.

• Crypto enthusiasts purchased 56,648 Non-Fungible Tokens (NFTs) valued at $219.17 million in the last 7 days. Further, this number increased to 225,689 digital collectibles worth $763.25 million in the previous 30 days. 

•  The NBA Top Shot NFT marketplace has sold the highest number of NFTs (86,79,101) so far as per CoinMarketCap. It is more than the sales of Axie Infinity (27,58,499) and Sorare (352,546). 

Are there any new NFT marketplaces in the industry?

The world of crypto collectibles is buzzing with innovative developments.  Some of the brand-new NFT trading platforms are AFEN, DraftKings, Jumbish, Meta World, Monaco Market, Revival, Rocket Global, and Werewolf Exchange. 

Investors are purchasing more digital collectibles in the form of artwork, fantasy sports prizes, gaming accessories, luxury items, real-world goods, and virtual rocks. NFTs are also becoming a rage in numerous industries like e-commerce and fashion. 

What are the listed asset standards on a White-label NFT Marketplace?

For instance, 3 popular blockchain networks have come out with guidelines and standards concerning the creation of Non-Fungible Tokens (NFTs). It comprises BEP-721 and BEP-1155 (Binance Smart Chain), ERC-721 and ERC-1155 (Ethereum blockchain), and TRC-721 (TRON). 

All the crypto collectibles contain a unique Token ID. They are represented by a token pair contract address. Importantly, every NFT comes with special properties like immutability in data storage, indivisibility, non-interchangeability, permanent proof of ownership, and scarcity. 

For example, OpenSea, the largest NFT marketplace by trading volume, sells multiple kinds of ERC-721 and ERC-1155 assets. Prospective investors make bids through live auctions. They purchase artwork, domain names, music (albums and tracks), pixel cats, sports goods, trading cards, and virtual worlds. 

Why is a filter and search option a special feature of a ready-made NFT marketplace?

Generally, all the NFT marketplaces in the world categorize digital collectibles into various categories. Moreover, several thousands of crypto collectibles are getting minted and listed every day. Hence, traders need to make a proper decision. 

Investors need to submit their bids on time whenever the auction starts. Interested buyers can manage this obstacle by using the advanced Filter and Search mechanism.  

They can pick their desired NFT by checking the Price (Minimum and Maximum in BUSD, ETH, WETH) and Status (Buy Now, Has Offers, New, and On Auction). The Rarible NFT marketplace also provides other filters like (Most Liked and Verified Only). 

Moreover, the OpenSea NFT marketplace makes things more simple as traders can choose digital collectibles based on the type of blockchain network. They can select between Ethereum, Klaytn, and Polygon. Later, the best-performing and highly demanded crypto collectibles are showcased to them.  

Why is this the right time for Whitelabel NFT marketplace development?

Quick accumulation of wealth – Multi-million dollar NFT sales are becoming quite common. For example, Axie Infinity, the online gaming-oriented NFT marketplace recently crossed $1 billion in total sales. Globally, crypto collectibles have a 24-hour trading volume of $6.48 billion as per CoinMarketCap.  Hence, entrepreneurs can courageously acquire a Whitelabel NFT marketplace and move ahead. 

Safe trading – For instance, the Rarible NFT marketplace has introduced an option called Verified Sellers. Buyers can use this filter while discovering their favourite crypto collectibles. Hence, they are protected against duplicate and fake NFTs. 

Apart from checks like Anti-Money Laundering (AML) and Know Your Customer (KYC), entrepreneurs can also request artists to verify their work before listing or uploading it. Therefore, this ensures a higher level of credibility. Likewise, investors can buy the Non-Fungible Tokens (NFTs) uploaded only by popular artists with a high rating or positive reviews. In the long run, NFT marketplaces that consider factors like safety and security will get more daily active users, sales and trading volume. 

Swift expansion of business operations – Several NFT trading platforms like AlchemyNFT, MakersPlace, OpenSea, Rarible, Sorare, and Vcent raised millions of dollars from venture capitalists (VCs) in 2021. 

They will use the fresh funding to add new features like credit card payments and gas fees-free selling, launch primary and secondary marketplaces on different blockchain networks, and also turn into a powerful Decentralized Autonomous Organization (DAO).  

Wrapping Up

Going forward, intangible assets like Non-Fungible Tokens (NFTs) will continue to break new records. Crypto collectibles are also integrating with the exciting world of Decentralized Finance (DeFi) through lending and yield farming projects.  

NFTs are also getting rapid traction at iconic tourist spots like Times Square, New York. Clothes, digital billboards, football-related trading cards, music concerts, and profile pictures are also getting aggressive bids from crypto enthusiasts. 

Of course, NFT marketplaces act as the building blocks for all these lucrative trading deals. They share crucial information about hot bids, top buyers and sellers, and trending collections. 

Likewise, a White-label NFT marketplace is a reward-oriented decision for entrepreneurs. They can invest a smaller amount and reap more returns. Further, crypto collectibles give extra power to artists and publishers. It has changed the rules of content distribution by eliminating the role of middlemen.  

Therefore, cryptopreneurs can reveal their business plans and operational scope to a White-label NFT marketplace development company. Finally, they can start off auctioning digital collectibles and fill their cash box easily.   

If you blockchain developer and looking for how to develop BEP20 Token for free, these step by step guide will help you to create BEP20 Token. Previously, we have also shared a detail guide on how to development ERC-20 Tokens and TRC-20 Tokens.

Required Resources To Develop BEP20 Token For Free

Here we will teach you how to compile and deploy BEP20 contracts for developing your own BEP20 Token for free. Let’s get started.

First of all, you need to open the remix software to develop the smart contract from here: https://remix.ethereum.org

Don’t forget to select the solidity language to make the code easy to understand in your local language.

To create your BEP20 Token contract, you need to copy code from this file and create a new contract file in remix software with this file name: BEP20Token.sol

Now you need to modify the token name, token symbol, decimals, and total supply according to your project requirement and your whitepaper.

How To Compile the BEP20 Token Contract

Now compile the BEP20 token contract using the following steps:

A. First of all click button to switch to compile the page.

B. Secondly you need to select the BEP20Token contract.

C. Thirdly, you need to enable Auto Compile and optimization.

D. Fourthly, Click ABI to copy the contract ABI and save it.

How To Deploy the contract to BSC

Here are the easiest steps of deploying the contract to the BSC blockchain:

Step1: Click on the button to switch to compile button.

Step2: Select “Injected Web3”

Step3: Select “BEP20Token”

Step4: Client “Deploy” button and Metamask will pop up

Finally, you need to click on the confirm button to sign and broadcast the transaction to BSC.

If you are still facing any issue in deploying the code, please watch the video guide to create and deploy BEP 20 tokens on Binance Smart Chain.

If you are comfortable with text guide then please read the Binance guide with step by step screenshots : https://docs.binance.org/smart-chain/developer/issue-BEP20.html

If you are not a developer and still want to develop the BEP20 Token then this link will help you to develop it without any technical knowledge. You just need to fill the form according to the required information and check all the customized requirement that will automatically add in your smart contract.

Hope you like this post. Please don’t forget to share your experience about this guide in the comment section. You can also ask any queries. I will help you to fix it.

The term blockchain seems highly complex, and it surely can be. But the core concept of the Blockchain is straightforward. This is a kind of database. If you want to understand the Blockchain, then initially, you must try to understand what a database actually is. A database is mainly a collection of information which is reserved electronically on a PC. Any kind of information, or data, in databases, is structured well in table format in order to allow for easier filtering for information.  

Spreadsheets are specially designed for user group for easy access and storage of limited information. Wherein the database includes specific amounts of data to be accessed, filtered & altered by different users at once.

Large-sized databases can house data on servers, specifically made of strong computers. These types of servers are built involving use of thousands of computers to have the computational power & easily accessible storage capacity for multiple users collectively. Wherein the spreadsheet or database may be accessible to many people. It is owned by business and managed by an appointed professional who takes the complete control of how it entirely works along with the data within it.

Main Points About Blockchain

• The Blockchain is a particular type of database.
• This is different from a typical database; that is, it can store information. The blockchains can store data in blocks which are then chained together. 
• With every new data entry into a new block, it is filled with data. The, it is chained into the previous block, while keeping it sorted in a chronological order.
• Among all the types of information to be stored, this acts as a ledger for transactions. 
• In the case of bitcoin, the Blockchain is used in a decentralized way.
• Once the stabilization of decentralized blockchains is done, it shows the data entered is irreversible. On the other hand, in case of Bitcoin, it means that transactions are recorded permanently & now available for viewing for all.   

Is Blockchain a Secure Platform?

You might be aware that Blockchain technology is currently accountable for security and trust issues in various ways. Primarily, the new blocks are stored chronologically and linearly. To have a closer understanding of the Bitcoin’s Blockchain, understand that each block has a position on the chain, which is called as ‘height.’ 

Once the block gets added at the end of the Blockchain, it gets very challenging to go back and alter the block contents, until there’s consensus for editing. This happens because every block involves its own hash, along with the block before it and previously mentioned time-stamp. The hash codes are created with the math function, which transforms the digital information to a string of numbers & letters. In case the data is edited; obviously, the hash code also changes as well.

Let’s say, the hacker wants to first alter the Blockchain & then steal the Bitcoin. In case they were to change their copy, it would not be aligning with everyone else’s copy. If everyone else cross-references their copies, they would see this one copy stand out & that the hacker’s version of the chain would be casting away as invalid. 

Bitcoin vs. Blockchain – The Difference Between Blockchain and Bitcoin

The main goal of Blockchain is to allow digital information to be recorded & distributed but not edited. You must be glad to know that Blockchain technology as outlined in the year 1991 by Stuart Haber and W. Scott Stornetta. These two researchers aimed to implement a system where document timestamps not to be tampered with. But with the launch of Bitcoin in the year 2009 in January, Blockchain comes up with its first real-world application.

Basically, the Bitcoin protocol is built on a blockchain. In a research paper, it has been introduced that the digital currency, Bitcoin’s pseudonymous creator referred to it as an advanced electronic cash system that’s fully peer-to-peer, with no trusted third party. The main thing which is focused on here is that Bitcoin hardly uses Blockchain. 

Presently, there are a wide variety of blockchain-based projects to implement Blockchain with the techniques to help society other than just recording the transactions. For example, that the Blockchain being used as a way in order to vote in democratic elections. The nature of Blockchain’s stability means that fraudulent voting would become far more challenging to occur. 

Blockchain is considered as a technology that underpins Bitcoin. It was developed for Bitcoin. So, bitcoin was the first example of Blockchain in action. Moreover, without Blockchain, there would be no Bitcoin present. That is why both terms are used interchangeably. But keep in mind that both the terms are not exactly the same. Bitcoin is just one example of a cryptocurrency, though other cryptocurrency networks are also powered via blockchain technology. Therefore, though Bitcoin uses blockchain technology in order to trade digital currency, the Blockchain is more than Bitcoin.

What is the Advantage of Using Blockchain Technology

1. Accuracy of the Chain

The transactions on the blockchain network are approved by a network of ample PCs. Therefore, it removes almost all human involvement in the process of process. Thus, it results in less human error and provides an accurate record of information.  

2. Cost Reductions

Generally, the consumers pay a bank to verify the transaction or a notary to sign a document, to perform a marriage. Blockchain removes the requirement for third-party verification and reduces the associated costs. Business owners incur a small fee when they accept payments via credit cards. On the other hand, Bitcoin does not have a central authority and has a limited transaction fee.

3. Decentralization

The best part of the Blockchain is that it does not store any of its information at the central location. Instead, it is copied & then spread across a network of PCs. As soon as the brand-new block is added to the Blockchain, every PC on the network updates its Blockchain in order to show the change. By spreading that information across a network, Blockchain becomes more difficult to damage with. 

4. Secure Transactions

Whenever the transaction is recorded, its authenticity should be verified by the blockchain network. Many computers on the blockchain rush to confirm the details of the purchase. Once a computer has validated the transaction, it is then added to the blockchain block. When the information or any data on a block is edited, then the block’s hash code changes. Despite the hash code on the block after, it wouldn’t. This discrepancy makes it highly difficult for information on the Blockchain to be changed without any notice. 

5. It provides transparency

Generally, the blockchains are open-source software. It means that everyone can view its code. This provides auditors the ability to review the cryptocurrencies such as Bitcoin for security. Moreover, it also shows that there is no absolute authority on who can control Bitcoin’s code. Thus, anyone can suggest changes to the system. In case, the majority of the network users agree that the new version of the code with the upgrade is worthwhile, then Bitcoin can be updated.

A Summary Of The Primary Differences Between Blockchain and Bitcoin

Here’s the wind up about the Blockchain and Bitcoin:

• Bitcoin is a cryptocurrency, whereas the Blockchain is a distributed database.
• Bitcoin is basically powered by blockchain technology, but Blockchain comes up with many uses beyond Bitcoin.
• Bitcoin basically promotes anonymity, whereas the Blockchain is all about transparency. To be applied in specific sectors, the Blockchain has to meet strict know your customer rules.
• Bitcoin helps to transfers currency between the users, while the Blockchain may be used to transfer all sorts of things, such as information, etc.

After almost one year of constant upward movement, Bitcoin finally decided to take a break and started going down in mid-April this year. For the first time since January 2021, Bitcoin again went below the $32,000 mark on May 23rd. Many experts have already started comparing this to the earlier bitcoin crashes of 2018 and 2020. Investors are, however, in a bit of confusion as to whether it is the right time to invest more in Bitcoin or should they sell their holdings. If you are also wondering the same thing, here are some quick facts and tips to help you make a decision.

Volatility is the basic nature of Bitcoin

If you are investing in Bitcoin, you probably already know that it is a highly volatile cryptocurrency. That said, it is the basic nature of Bitcoin to rise and fall unprecedentedly and sometimes without a reason. What I am trying to say is that there is no reason to panic. So, if you are planning to panic-sell your bitcoins, don’t.

What is fueling this Bitcoin fall?

While the price of bitcoin, like any other market-linked commodity, mainly depends on the market demand and supply, the sudden drop and rise in the BTC price are often the results of the changing investor sentiments.

It has also been seen that when regular markets such as stocks start dropping, the price of Bitcoin starts increasing. This is because when people are afraid of drops in regular markets, they seek to invest their funds in alternative assets, including Bitcoin, and suddenly the price of Bitcoin starts increasing.

The recent drop in the bitcoin price was also the result of investor sentiments led by the news of China putting a ban on Bitcoin mining and asking its leadership to avoid any type of crypto trading. This made investors panic-sell, causing a sudden and significant drop in the market, leading to a fall in the prices of almost all of the top cryptocurrencies.

At the same time, there was news of the Indian government planning to ban cryptocurrencies in the country, which further caused the Indian crypto investors to panic and sell their crypto assets. According to a business-standard report, there are more than one crore (10 million) crypto investors and traders in India. And when most of them start to panic-sell, the price is apparent to go down.

All that led to a sudden and significant drop in the price of Bitcoin, ETH, DOGE and several other cryptocurrencies. Bitcoin, for instance, dropped by almost 100% from the April high of $63,000+ to reach less than $32,000 in May 2021.

Does it mean the time of Bitcoin has come to an end?

Far from it. In fact, the latest crash is nothing compared to the 2017 fall of cryptocurrencies, when the price of bitcoin had dropped by over 500% in a matter of 15 months, only to rise back and reach its all-time high of $63,000 in the next 2+ years.

So, there is no need to panic or fear based on the current downtrend in cryptocurrencies.

Should I sell or hold Bitcoin?

Do you sell your stocks every time there is a market crash or correction? You probably don’t. It’s because you believe not in stocks but in the companies behind those stocks. If a company is strong enough, its stock will certainly give you good returns in the long-term, no matter its current price or movement.

The same is true for cryptocurrencies. When investing in a cryptocurrency, invest in the project and not just in the coin. Bitcoin is the world’s largest cryptocurrency with a market cap of almost 1 trillion. It’s already being used by organisations worldwide for easy & secure payments. So, the future seems bright, which means there is nothing you should worry about.

So, I would strongly suggest all Bitcoin investors to keep holding their funds, and NOT SELL.

Is this the right time to buy Bitcoin?

For any asset, the best time to buy is when the market is low or during a market crash. And this is probably the biggest bitcoin crash we will see this year, which makes it the best time to invest in Bitcoin.

As they say, BUY THE DIP.

Bitcoin has already dropped to almost half from its year-high. From here, it can only go up. So, invest now before it’s too late.

To easily & securely buy Bitcoin in India, you can visit the Shiftal P2P exchange. We are a leading and European-regulated Bitcoin exchange that offers 70+ payment options, including Paytm, Amazon Pay, Google Pay, UPI and NEFT to users in India.

The cryptocurrency world is surely fascinating. Despite the price of the various cryptocurrencies being prone to immense fluctuations, investment in digital currency has been substantially been increasing.

And so is the interest surrounding it. For instance, Finder reports that every three seconds, a social media post about Bitcoin emerges. According to GlobeNewswire, the market value of cryptocurrency is expected to reach a whopping 1,758 million USD by 2027.

You might be wondering, is it wise to jump on the bandwagon and trade in cryptocurrency? The answer is yes. Why? Well, here are the top six reasons why investing and trading in cryptocurrency is worth it.

Bitcoin is like gold (but better)

No one can contend that gold is the most sought-after asset. Its scarcity has made it the backbone of modern currency via being a store of value. What makes gold unique is that there is only a fixed quantity in the world.

Bitcoin, one of the top cryptocurrencies in the world, is also fixed in number. The maximum bitcoin that can be mined is 21 million, which is expected to all be extracted by 2140. This allows Bitcoin to be similar to gold, and hence be a potential store of value.

What makes it better? Well, while the quantity and availability of gold are not known to all and are surrounded by ambiguity, all cryptocurrencies’ information is public. Whether it be its production rate or the ledger, it can be tracked by all.

High Liquidity

Cash is often thought to be the best asset because it is the most liquid asset out there. While cryptocurrency cannot come close to the power of fiat money, slowly, the liquidity of cryptocurrency has become quite high. In fact, now it is very easy to trade cryptocurrencies.

As per Statista, there are more than 8,488 ATMs of Bitcoins in the world, as of 2020! This means that you can easily convert your crypto money into fiat cash when the need to do so arises. Similarly, there in 2020, crypto wallet quantity increased to over 54 million, whether signifying the demand and accessibility of the currency.

Direct transactions

There was once a time when the world of cryptocurrency was met with immense skepticism. People did not think that the currency would make it to mainstream usage. However, we now live in a time, where various industries and companies accept cryptocurrency as a mode of transaction.

For instance, you can even eat a whopper in the Netherlands by paying for your meal in whoppercoin, a cryptocurrency! Within n the automotive sector, you can find cars for sale that can be purchased directly via cryptocurrency. This is both true for online websites as well as physical dealerships.

No third-party involvement

The level of independence that can be enjoyed via the help of cryptocurrencies is unparalleled. It can never especially be matched by a bank where your access to your own money is limited by another organization and other people.

As the financial crises of 2008 illustrated to the world – the banking system can crumble.

To keep it short, the money you put in banks doesn’t stay in a physical vault. Instead, banks maintain a certain level of liquidity and invest all other money. When trust in the system dissipates and people demand money from banks all at once, it cannot cater to the requests and goes under.

The world of cryptocurrency cannot go bankrupt. While its value may vary, and hence you incur losses or profit in your investment accordingly, the quantity of currency you have will not change.

The fact that you don’t have to rely on other financial institutions for holding and transferring your money also means that you don’t have to pay any service charges.

Aid in portfolio diversification

We are certain you have heard of the cliché adage “never put all your eggs in the same basket”. In fact, investment services rely on this motto to offer their clients a mix of investment opportunities to best diversify their portfolio.

When it comes to exploring a wide variety of assets, nothing comes close to cryptocurrency. After all, there are so many digital currencies within the blanket term to invest in. To be specific, according to Reuters, there are 2000 such assets. Considering more keep entering the horizon, who knows how many more cryptocurrencies will enter the market.

What makes crypto a worthy asset for portfolio diversification? Well, it is because its price is not dependent on stocks, bonds, or gold. It is a world of its own, with each currency featuring its own price fluctuations. Hence, it offers traders the chance to minimize their risk and maximize their ROI.

Newfound legitimacy

No one can deny that cryptocurrency was once a murky business, with many countries going as far as banning the asset. While there are still certain places that discourage the use of digital assets, the world is slowly opening up to it, hence providing it with legitimacy.

As more and more billionaires and institutions buy and accept bitcoin, countries are moving towards regulating the asset rather than shunning it. For instance, the OCC has allowed US banks to hold cryptocurrencies as legitimate assets. Post-2019, it is also being taxed.

For those of you who don’t understand the significance of this step, allowing something to be taxed means giving it legal status. Additionally, the rise of blockchain technology within various industries has further established trust in the main driver of cryptocurrency – hence giving the currency itself credibility.

Ending Remarks

Yes, the world of cryptocurrency is unstable and dynamic. However, this is what makes investing and trading in it so fulfilling. With high stakes comes the high potential return on investment. And this is what traders live for!

Study the cryptocurrency market and find the best time to invest in the asset. Whether it be for speculative purposes or for actual use as a mode of payment, the fact remains that the crypto is one asset you would want to have.