Now invest in some of the best cryptocurrencies for free and secure financial exchange

It has gained worldwide popularity as a modern form of digital asset cryptocurrency for easier and faster financial transactions and, with the awareness of the public, has opened up new and advanced ways to make payments in order to increase interest in the field. Due to the growing demand for this global phenomenon, new traders and business owners are willing to invest in this currency platform despite fluctuating prices, but it is quite difficult to choose the best one when the market is full. Bitcoins on the cryptocurrency list are one of the oldest and most popular in recent years. It is basically used to sell goods and services and has become part of the so-called computer blockchain system, allowing anyone to use it, and thus increasing the public’s madness.

Ordinary people willing to buy BTC can use an online wallet system to securely buy money or credit cards and store thousands of BTC foundations around the world comfortably and as assets for the future. Due to its popularity, many business investors are now accepting it as a cross-border payment and the rise is unstoppable. With the advent of the internet and mobile devices, information gathering has become quite easy, as a result, BTC financial transactions are available and its price is set according to people’s options and preferences so a profitable investment is achieved. Recent surveys have also shown that instability is good for BTC exchange, as if there is instability and political unrest in the country as banks suffer, investing in BTC could surely be a better option. Again the bit fees for transaction fees are relatively cheap and the technology is more convenient for making contracts, thus attracting crowds. BTC can also be converted into various fiat currencies and is used for securities trading, land securities, document stamps, public awards and vice versa.

Another advanced blockchain project is Ethereumor ETH, which has cost much more than a digital form of cryptocurrency and its popularity in recent decades has allowed millions of people to hold wallets. With the ease of the online world, ETH has allowed merchants and business organizations to accept it for commercial purposes, so it can be the future of the financial system. Being an open source, ETH contributes to collaboration in various business and industrial projects, thus increasing their availability. Again unlike the bit currency used to exchange money on a digital network, ETH can be used for a variety of applications in addition to financial transactions and does not require prior government permission because it can be used by people with portable devices. Ether’s price has also remained stable and avoids the turmoil of third-party intermediaries, such as lawyers or notaries, whose exchanges are mostly software-based, making ETH the second best cryptocurrency to invest now.

What is Bitcoin and is it a good investment?

Bitcoin (BTC) is a new type of digital currency that has cryptographic keys, is decentralized in a computer network used by users and miners around the world, and is not controlled by a single organization or government. It is the first digital currency to attract public attention and is being accepted by more and more merchants. Like other currencies, users can use digital currency to purchase goods and services online, as well as in some physical stores that accept payment as a method of payment. Currency traders can also exchange Bitcoins in exchange.

There are some major differences between Bitcoin and traditional currencies (e.g., the US dollar):

  1. Bitcoin does not have a centralized authority or clearing house (e.g. government, central bank, MasterCard or Visa network). The peer-to-peer payment network is managed by users and miners around the world. The money is transferred anonymously directly between users via the Internet, without going through a clearing house. This means that transaction fees are much lower.
  2. Bitcoin is created through a process called “Bitcoin mining”. Miners around the world use mining software and computers to solve complex bitcoin algorithms and accept Bitcoin transactions. Transaction fees and Bitcoin algorithms are rewarded with new Bitcoin generated by solving them.
  3. There is a limited amount of bitcoins in circulation. According to the Blockchain, as of December 20, 2013, there were about 12.1 million in circulation. The difficulty of mining Bitcoin (solving algorithms) becomes more difficult as more Bitcoin is generated, and the maximum number in circulation is limited to 21 million. The limit will not be reached until approximately 2140. This makes Bitcoins more valuable as more people use them.
  4. A public ledger called ‘Blockchain’ records all Bitcoin transactions and shows the properties of each Bitcoin owner. Anyone can access the public registry to verify transactions. This makes digital currency more transparent and predictable. More importantly, transparency prevents fraud and double spending on equal Bitcoins.
  5. Digital currency can be obtained through Bitcoin mining or Bitcoin exchanges.
  6. Digital currency is supported by a limited number of online merchants and in some brick sellers.
  7. Bitcoin wallets (similar to Paypal accounts) are used to store Bitcoins, private keys and public addresses, as well as to transfer Bitcoins between users anonymously.
  8. Bitcoins are not insured and are not protected by government agencies. Therefore, secret keys cannot be recovered if a hacker steals them or loses them on a failed hard drive or by closing a Bitcoin exchange. If secret keys are lost, related Bitcoin cannot be recovered and would be out of circulation. Visit this link to get a frequently asked question on Bitcoins.

I believe that Bitcoin will gain greater public acceptance because while users can remain anonymous while buying goods and services online, transaction fees are much lower than credit card payment networks; a public textbook is available to anyone that can be used to prevent fraud; the money supply is limited to 21 million, and the payment network is managed by users and miners instead of a central authority.

However, I don’t think it’s a great investment tool because it’s very volatile and not very stable. For example, the price of bitcoin rose from around $ 14 to a peak of $ 1,200 USD this year, before falling to $ 632 per BTC at the time of writing.

Bitcoin rose this year as investors speculated that it would gain greater currency acceptance and the price would rise. In December the currency fell by 50% because BTC China (China’s largest Bitcoin operator) announced that it could not accept new deposits due to government regulations. And according to Bloomberg, China’s central bank banned financial institutions and payment companies from managing bitcoin transactions.

Bitcoin will gain more public acceptance over time, but its price is highly variable and very sensitive to news that could negatively affect the currency, such as government regulations and restrictions.

Therefore, I do not recommend investors to invest in Bitcoins unless they buy less than $ 10 USD per BTC, as this would allow. much longer safety margin.

Otherwise, I think it’s much better to invest in stocks with strong foundations, as well as great business opportunities and management teams, because the underlying companies have their own values ​​and are more predictable.

Disclosure: Victor Liang has no position in Bitcoins and has no plans to change his position in the next 72 hours.

Cryptocurreny – The future of money

What is Bitcoin?

Answer: Bitcoin is a digital product created in 2009 (Payment Method / Currency / Commodities / Digital Gold).

Whose Bitcoin is it?

Answer: Bitcoin is a network. It is not owned by a person or a bank. The founder of Bitcoin is named Satoshi Nakamodo.

How does the value of Bitcoin grow?

Answer: There are many factors that determine the value of Bitcoin, below are two main factors that drive its growth in the open market:

1. One of the factors is the availability of the currency – Bitcoin has more than 250,000 merchants, the more Bitcoin accepted and used worldwide the higher its value.

2. Supply and Demand- Never before can only 21 million Bitcoins be generated, but demand is growing. This has a positive impact on the value of Bitcoin. There are other factors that affect the price of Bitcoin, below are some Government regulations, the influence of the media, more acceptance, changes and technological advances, I will point out the approvals.

How does Bitcoin work?

Answer: Bitcoin is the money on the Internet that guarantees financial independence. It is intelligently used and negotiated; using your phone or smartphone. This is like having your bank in your pocket.

Is Bitcoin the only digital product?

Answer: Bitcoin was not the first to create another 700 digital currencies and use / support them worldwide. However, Bitcoin is the GOLD standard for digital products. He is the one with the greatest credibility. To buy any other digital currency you must first buy Bitcoin.

Can Bitcoin become a normal local currency?

Answer: Yes and now you can go to a local ATM and buy Bitcoin or withdraw local currency.

What is Bitcoin trading?

Answer: Trading means buying low and selling high. The same concept applies to Bitcoin trading, we have a smart system that sees 24/5 Bitcoin market and automatically captures when Bitcoin decreases as it increases, the system buys and sells on YOUR behalf. As a result, you get healthy daily gains.

You pay through BITCOINS!

What are the benefits / returns of this investment?

Answer: All earnings are made in Bitcoins. This expansion is done through our trading operations and profits are generated on a daily basis. Depending on the amount invested over a period of 8 to 12 months, the average profit will be between 70% and 90% in the form of Bitcoins. In fact, given that Bitcoin prices rise over time with rising demand, profits in fiat currencies will be even higher.

What are you telling your family and friends?

Answer: We encourage our investors to share their experience with their business circle. Any such registration will guarantee a commission of 10% of the amount invested

How will the profits be paid to investors?

Answer: Profits will be generated daily, but can be properly shared weekly or monthly and transferred to the investor’s bank account. The main profits are in the form of Bitcoins, but we will convert these profits into fiat currency based on the market value of the transfer.

Will crypto-based e-commerce destroy the dinosaur-style banking industry?

Banking, as we know it, has been around since the first currency was created, perhaps even earlier, in one way or another. Currency, especially coins, created taxes. In the early days of the ancient empires, the annual taxes of a pig might have made sense, but as the empires expanded, this type of payment was no longer desirable.

However, since Covid’s situation, we don’t seem to have moved to a “cashless” society (potentially managing “dirty money” in a store), and “contactless” credit card transaction levels have risen to £ . 45, and even small transactions now accepted, such as a newspaper or a bottle of milk, are paid for with the card.

Did you know that more than 5,000 cryptocurrencies are already in use and that Bitcoin is very much on that list? Bitcoin, in particular, has had a very volatile trading history since its inception in 2009. This digital cryptocurrency has had many actions in its short life. Bitcoin was initially traded for very little. The first real price hike occurred in July 2010 when the valuation of a Bitcoin went from about $ 0.0008 to a region of $ 10,000 or more, for a single coin. This currency has had major rallies and crashes since then. However, by including so-called “Stable” coins – US dollars, or even Gold, backed, this volatility of cryptocurrency can be brought under control.

But before we look at this new form of crypto-based e-commerce as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how the Bank itself has changed over the last 50 years or so.

Who remembers the good old Check Book? Before the advent of Bank Debit Cards in 1987, checks were the main means of transferring assets to others in commercial transactions. Later, with Bank Debit Cards, along with ATMs, the acquisition of FIAT assets became much faster and for online commercial transactions.

The problem with banks has always been that most of us needed at least 2 personal bank accounts (one checking account and one savings account), and we owned one for each business. Also, trying to move money from your bank account “fast” to say a destination abroad was like SWIFT!

The other account was cost. Not only did we have to pay a regular service fee for each bank account, we also had a large fee to pay for all transactions, and of course we rarely got the interest we deserved in exchange for our current money. Account.

On top of all that, Night Trading, every night, using expert financial traders (or, more recently, Artificial Intelligence (AI) Trading Systems), all OUR assets would be traded and with economies of scale, Banks it became an important gain in our goods, but not us! Take a look at the potential business to be done from “TODAY’S BUSINESS”.

So in short, banks charge a large fee for saving and moving our assets, using smart trading techniques, they also make big profits by trading our money on the Overnight circuit, and we don’t see any benefit in doing so. .

The other question is: do you trust your bank with all your assets?

What the Scotland Bank of Scotland recently owed Lloyds Banking Group, now indebted to Lloyds Banking Group, said in a September press release. “Lloyds Bank Asset Frauds – The most serious financial scandal in modern times. “

Why not google that website and then create your own opinion?

So let’s now see how the Crypto-based e-commerce system should work, and how the benefits that Banks enjoyed with OUR money can become an important profit site for asset owners – the USA!

10thth In October 2020, a major new e-commerce company based on Crypto is launched – FREEBAY.

In short, FreeBay, located in Switzerland, is a company with its own Blockchain technology, its SAFE Crypto Coin (based on V999 technology) and allows its members to transfer their FIAT assets to Gold Bullion, eliminating the need to involve any BANKS. .

V999: digital gold that empowers the blockchain; a digital token, protected by physical gold V999 Gold (V999) is a digital asset. Each token is protected by one-tenth of a bar of fine gold, stored in vaults. If you own V999, you own the physical gold underneath, which is in custody. In addition, FreeBay members can purchase packages with powerful Automatic Intelligence Trading Robots.

So now, not only can you achieve complete independence from a standard BANK, like Banks, you can also trade your Digital Gold assets, in the form of V999 Crypto tokens, on OVERNIGHT systems, now you, the asset owner, will receive the rewards, not the Bank.

But there is also another big advantage to trading V999 Tokens. As you would be Generic the owner of the token, therefore, like the Banks, is charged a Transaction Fee each time a V999 token is sold (i.e. sold), such as Bitcoin or any other Crypto currency. Each time a transaction is made, the generic owner of the V999 token gets a small percentage of that fee.

Please note that once a Trade is made and a V999 Token is sold, for example, in exchange for Bitcoin or any other Crypto currency, a small% of that Transaction Fee is paid. GENERIC OWNER of that token (i.e., YOU). The goal of Freebay is to make the V999 Token Crypto one of the most secure coins, even after selling your Tokena to another retailer, since you’re still one. V999 General Owner of the TokenWhenever this token is traded by any other Merchant, you are – the general owner of that token paid by the Trade Commission.

This shouldn’t just create a big one Passive Income for you, for life, but the desire is for your descendants – and not a regular bank involved anywhere.

So the more V999 Tokens you buy and put into circulation, the bigger and better you will be with your Residual Income – not only for your entire life, but probably for your dependents as well – it can become a reality.

Are you interested enough to know more? Then click here.

The truth about gold and the US dollar

I am about to reveal a secret that I have discovered, which is revealed in the media, or by no one, !! This should be the latest news !! Here’s the secret.

First, there is a lot of information in the media about the rise in prices, and about the rise in the value of gold. The media is talking about improving the economy! I see businesses struggling and closing down. I hear people talking about how they don’t have money! I know the economy is getting worse and I know why. The value of the US dollar and most world currencies is failing! Why is this happening? What can we do?

The secret I’m sharing with you is not to say that currencies are protected by DEBT! In other words, it is protected with more paper money! Currencies around the world are called fiat currencies, which means they don’t protect anything valuable.

The dollar in the U.S. was money until 1971, when President Nixon removed the gold standard from it, turning it into a coin. Robert Kiyosaki, author of Rich Dad Poor Dad, says it’s Cash TRASH! Don’t save money! Savers are losers! This means that storing any lost value currency is a bad idea!

I’m here to take your face off a bit and see that prices don’t go up, and that the value of gold doesn’t go up either. Gold and prices have not risen for thousands of years! It’s an illusion! An example of this is that thousands of years ago, a Roman man could buy a nice toga, a nice belt, and a beautiful sandal for an ounce of gold. Today, a man can buy a three-piece suit, a dress shirt, a belt, and dress shoes with an ounce gold coin.

I have no intention of being intimidated, this is a call to action! GOLD has maintained its value for thousands of years throughout all crises. The US dollar and other currencies are losing value! Thousands of coins throughout history have failed! This should be a BEGINNING NEW !! What is happening with celebrities is what is usually the headline news today.

My goal is to share information with you on how you can protect your assets from future economic disasters. I don’t sell gold, and I’m not a gold investor, I don’t know anything about investing gold, or buying and selling gold. My goal is to provide the masses with the correct information about asset protection.

Why is inflation rising so fast?

The key is to understand what inflation is. The definition of inflation used by economists is “too much money after too few goods”. If you break this, you will notice two parts. There is the part of the amount of money and the part of the goods. The word “goods” means anything you buy with money, that is, things, services, experts, and so on. Note that there is a relationship between money and goods. This relationship is driven by supply and demand, but one easy way to think about this is that there must be a balance between the two in order for the value of goods to be stable.

How can too much money come? The question that comes from this is: how is money created? Today’s money is called fiat money. Fiat means “by decree” or “by law”. When you see words that are used “legally”; this can be interpreted as “forceful”. As the law is enforced by the police or the military, this literally means that they will cause you harm if you do not comply with the law. Think mafia but legal. This means that we have no choice as to the money we are using if we want to comply with the law. By definition, other types of money cannot be used for transactions or the purchase of goods. Try using gold or silver coins or cryptocurrencies to pay taxes in Canada. Only Canadian dollars can be used. Another key term to remember is that money today is a unit of debt. When you hear the word debt, it means that you owe someone the money that was created, like in a loan. The interest is linked to this loan, similar to all other types of debt. Since the interest is in the currency of a country, the interest is taken by the country, that is, the taxpayers of the country. This includes the income tax system. Have you noticed how much extra money has been “created” around the world in the last 2 years? How much money can be created? There isn’t, and that’s why too much money can be generated quite easily and unsupervised.

And about the goods? Because of the government’s response to the pandemic, people are unable to produce the goods they used to produce because they are forced to stay at home or close their businesses. Workers are also paid to stay at home instead of producing. You can add a reduction in the demand for people who are unable to make purchases and the number of goods produced will continue to decrease. Lately, there have been a shortage of parts and delivery delays. As a result of the current just-in-time logistics headache, any small disruption will create a wave effect that will exponentially increase the time frame for producing goods. The more complex the product and the more dependent it is on logistics, the longer the delays and the longer the interruptions.

What you are seeing now is that forces come together at the same time: too much money and too little goods. Will this last? Considering that governments will create more debt to pay off old debt, this creates an exponential effect that will come close to an unlimited amount of money being generated. This also means that the current fiat currency will be invalid and can be canceled. Inflation will last until the form of money becomes something scarce and limited and the goods produced are stabilized. Then the two parts of the equation would be balanced again. To deal with the forces of inflation, this means creating less money or debt, along with producing more goods.

How does cryptocurrency gain value?

Cryptocurrencies are the latest “big thing” in the digital world and are now recognized as part of the monetary system. In fact, fans have labeled it a ‘money revolution’.

In clear terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, most of which are created through special computing techniques called “mining”.

The acceptance of currencies such as currencies, the US dollar, the British pound and the euro as legal tender is due to the issuance of central banks; digital currencies, however, such as cryptocurrencies, are not in the public’s trust and confidence in the issuer. Therefore, several factors determine its value.

Factors that determine the value of cryptocurrencies

Principles of a free market economy (mainly supply and demand)

It is the main determinant of the value of anything that is worth supply and demand, including cryptocurrencies. That is, if more people are willing to buy one cryptocurrency and others are willing to sell it, the price of that particular cryptocurrency will go up, and vice versa.

Mass Adoption

Massively adopting any cryptocurrency can throw its price to the moon. This is because many cryptocurrencies are limited in a certain supply limit and, according to economic principles, an increase in demand will lead to an increase in the price of that particular commodity without a corresponding increase in supply.

Multiple cryptocurrencies have invested more resources to ensure their massive adoption, with some focusing on the applicability of their cryptocurrencies to serious personal life problems, as well as in crucial day-to-day cases, with the aim of making them essential in everyday life.

Fiat Inflation

If a Fiat currency, such as the USD or GBP, inflates, its price rises and its purchasing power falls. This, in turn, will lead to an increase in cryptocurrencies (let’s use Bitcoin as an example) in relation to this fiat. As a result, with each bitcoin you can get more of that fiat. In fact, this situation has been one of the main reasons for the rise in the price of Bitcoin.

Fraud and the History of Cyberattacks

Fraud and hacking are also the main factors affecting the value of cryptocurrencies, as they lead to wild changes in valuations. In some cases, the group that protects the cryptocurrency may be fraudsters; they pump the price of the cryptocurrency to attract unexpected people and when they invest hard-earned money, the scammers shorten the price, and then disappear without a trace.

So it is essential to be careful with cryptocurrency scams before investing money.

Other factors to consider that affect the value of cryptocurrencies are:

  • How to store cryptocurrency, as well as its availability, security, ease of access and cross-border acceptability

  • The strength of the cryptocurrency-sponsoring community (includes funding, innovation, and member loyalty)

  • The low risks of cryptocurrency perceived by investors and users

  • Feeling the news

  • Market liquidity and cryptocurrency volatility

  • Country regulations (this includes banning cryptocurrencies and ICOs in China and accepting them as legal income in Japan)

Crypto Currency Exchange Getting Started Guide

A Cryptocurrency Exchange or Digital Currency Exchange is a business involving the exchange of cryptocurrency with other assets such as money or any other digital currency. It is a web service that provides electronic transactions in electronic form and charges fees in exchange for them.

Any transaction or operation for digital currency exchange can be done by debit and credit card, mail order or any other money transfer. This article discusses the different cryptocurrency exchanges that make cryptocurrency trading easier for beginners and what they offer in terms of usability, ease of use, security, deposit / withdrawal methods, and fees. We hope this cryptocurrency trading guide can help you get started with cryptocurrency exchanges.

Coinbase / GDAX

Coinbase is one of the largest cryptocurrency exchanges located in San Francisco, California. It is available in 32 countries and currently serves more than 10 million customers. Launched in 2012, it has an easy-to-use interface, which makes digital Currency Exchange an easy job for a non-technical person. It is also available for both iOS and Android. Unfortunately, Coinbas does not offer crypto currency mining for beginners and is just an exchange.

So far, it offers four currencies, Bitcoin, Bitcoin Cash, Ethereum and Litecoin. It exchanges digital currency with the US dollar, the euro and the big British Pound. With minimal transfer fees, Coinbas has never had a security breach, making it the perfect platform for digital currency exchange. In addition, Coinbas also offers a full advanced exchange called GDAX. It offers more advanced features than Coinbase and different and better trading fees.


Bitstamp is another platform that offers digital currency exchange. It’s fairly easy to use and offers more advanced features through TradeView. Bitstamp offers coins like Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It exchanges digital currency with the US dollar and the euro. In this exchange you can put into practice all the latest techniques of cryptocurrency trading.

It offers flat deposits by bank transfer and accepts debit / credit cards. Perhaps the only drawback that can be found in Bitstamp is the slightly high fee and the fact that it has suffered a security breach in the last 7 years of operation. However, it is one of the most reliable exchanges. Available on both iOS and Android.


Gemini is a UK company that was launched in 2015 by the Winklevoss twins. It is available in a few countries, including the USA, Canada, Hong Kong, Singapore and South Korea. One of the downsides of this platform is that it is not particularly easy to use. Therefore, beginners are not recommended to use this platform.

It offers two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and US dollars. Gemini follows strict protocols when it comes to security and since 2018, it has not found a single security breach, making it one of the most secure and reliable digital currency platforms. However, it is important to have digital currency investment strategies before you start trading.

Digital ticks

Digital ticks are a modern cryptocurrency exchange that aims to be a game changer in this sector. They have implemented many of the latest techniques which makes it easy for anyone to start trading.

It has a unique feature called a single portfolio view that will allow traders to view all positions in a single portfolio. It would be easy for traders to make informed decisions about cryptocurrency exchange using this unique feature. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.


Kraken is one of the oldest platforms for exchanging cryptocurrencies. Launched in 2011, kraken is the largest exchange in terms of volume and liquidity among euro-denominated trading pairs. It is valid worldwide including in the US.

Kraken offers several currencies including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and many more. It also supports deposits / withdrawals via bank transfer and cryptocurrency. With a less user-friendly interface, it also suffers from stability and performance issues, but is still a good platform for cryptocurrency exchanges.


Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, it has an easy-to-use interface and offers advanced features such as margin trading, margin financing, etc. Available for both iOS and Android platforms. It offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.

Like previous cryptocurrency exchanges, it allows withdrawals using US dollars and euros by bank transfer. Bitfinex suffered two security breaches, the first of which occurred in May 2015, resulting in a loss of $ 330,000. And the second resulted in a $ 72 million loss in August 2016.


EtherDelta is a decentralized exchange that directly supports peer to peer connection. It is very different from the cryptocurrency exchange platform discussed earlier. Here, the funds are stored in a smart contract on an Ethereum network, which you are solely responsible for depositing and withdrawing. Currently, EtherDelta only supports Ehtereum-based tokens.

EtherDelta has a fairly confusing interface, which makes it difficult for users to perform cryptocurrency exchange transactions. Once upon a time, someone tried to buy 750 Kyber for every 0.007 ETH, but eventually bought 0.007 KNC for 750 ETH.


After looking at the different cryptocurrency exchange platforms, we can safely say that Coinbase and Bitstamp stand out for their good features in terms of security, user interface, various withdrawal / transfer methods and much more.

I wouldn’t call it perfect, but I would recommend it as the safest bet you can make. Each cryptocurrency exchange platform is unique in its own way and has its advantages and disadvantages. All we have to do is choose the one that suits our needs. We hope that this guide to basic cryptocurrency exchange and trading will kick off your journey in Cryptocurrency trading.

The dreaded consequences of a financial crisis

No one wants to see a financial crisis. The consequences and consequences of this can be dire. Unfortunately, recession is inevitable at times. This may be possible due to government policies, unemployment, inflation and more adverse monetary conditions. One thing about this is that humans are flexible and one can think that even in the most complex situations of a financial crisis and hyperinflation, it seems that the population always finds methods to survive.

Over the years, the major economic superpowers of the human race have seen numerous recessions that have had critical implications for the universal economic system. As of the writing of this article, America is trying to recover from a recession and the situation has improved somewhat, but it is still not out of the forest. Without the right policy, America can easily slip back into recession. European countries, such as Portugal and Spain, are currently in a very poor financial situation.

Greece is almost without money and Italy is not a victorious economic legend. Situations can quickly get worse if the right measures are not taken immediately. That is why the EU, along with the American government, is measuring many rescue plans and financial improvement agendas. Hyperinflation is one of the highest signs of serious economic difficulties. In this situation, prices rise to an irrationally high level. When hyperinflation occurs, the cause responsible is the currency downgrade.

This is because the value of the reliable currency is declining and the majority of wage earners cannot afford to pay the expenses of things they are accustomed to buying with their remuneration. In times of inflation, business classes are always in a better position than wage earners. The reason for this is because business owners can raise the prices of goods and services to combat hyperinflation. It affects the middle class in a wild way because most people in this class are salaried.

When the price of services and goods rises to unusually high levels, the middle class becomes impoverished. Also, most middle class people save money in banks. These deposits lose value in inflation. It can take years to change the economic system and turn a recession into a boom, as it takes a long time for any government package to be implemented and put together. Once again, the skepticism of the population can make things even more difficult, even if there are good government policies.

Unfortunately, many governments can make things worse when they implement the wrong strategies. It is a bad idea to print the fiat currency unnecessarily in economic difficulties, as inflation is much worse. Inflation is caused by having too much money in circulation. Printing more Fiat currency banknotes cannot solve the inflation dilemma. The exact move could be to reduce the amount of money in circulation by taking care of excess liquidity.

An additional good idea is to raise interest rates. This encourages economic action and stimulates growth and monetary stimulus. Many people lose faith in the system when the right path to achievement is not achieved. Today, smart people have started investing in gold and silver because metals can be a storehouse of value. The rise in gold prices is no coincidence. Whenever there is a decline in the value of the currency, the prices of gold go up. Silver is believed to be the gold of a poor man, and its price is also estimated.

People who can’t afford to buy a large amount of gold are happily content with silver. It is also a valuable metal and a functional commodity in its own way. In cases of severe economic hardship, it is possible to see banking jobs plus stock market collapse and hyperinflation. As a recession reaches that level, there can be civil unrest and chaos as a result of the response. It’s a time when people can start accumulating a large supply of food, along with other necessary necessities, such as water and gasoline, to run generators to get electricity.

Citizens can also go to the warehouse for weapons and ammunition to protect them in a breach of law and order. With any luck, a situation like hyperinflation will not become a reality. It’s a horrible thing to go through a recession and it’s never going to be good for anyone. If the right action can be taken, the system can definitely be changed by backing up the issuance of a new fiat currency, with a hard choice of assets such as gold, silver and other commodities.

Economic Book Review – The Ascent of Money, a Financial History of the World by Niall Ferguson

Cryptocurrency is a digital asset that is primarily used as a means of transaction to secure financial transactions, control the generation of additional assets, and verify the transfer of any assets with the help of a powerful cryptographic technology. It is also known as a digital or virtual form of currency. Unlike central banking systems, it is a decentralized control and financial transaction system that operates primarily through a blockchain used for financial transactions.

The first decentralized virtual currency to be developed in 2009 is Bitcoin, known as a virtual currency unit and operating independently without the support of a central bank or administrator. Since then, about 4000 altcoins of different bitcoin variants have been developed. Bitcoin is considered as an electronic peer-to-peer cash register system where users make transactions directly without intermediaries.

Blockchain is a multi-block data file that stores records of all previous bitcoin transactions and also creates new ones. The average normal time between each block is about 10 minutes. The most common use of Bitcoin is supported by an external software called Bitcoin wallet. Using this software, the transaction of bitcoin units can be easily saved, received and managed. To make transactions using Bitcoin, you must have an account on any bitcoin exchange around the world and transfer fiat currency to that account. This way, the account holder can make future transactions using these funds. In addition to bitcoin, other sources of cryptocurrency are petroleum, which is used for oil and mineral reserves.

There are pros and cons to using digital currency. The main advantages of using virtual currency are:

• Provides a quick layer of transparency: –

Bitcoin usually works with the help of a book called Blockchain, which records and controls each transaction. Once a transaction is made and recorded in this notebook, it is considered static. These transactions can be verified at any time in the future and, in addition to this, it also guarantees security and privacy regarding all transactions made through a particular account.

• Fast processing and portable use: –

Millions of dollars of bitcoin can be easily transferred from one location to another without any detection with the help of a single memory unit. While any type of transaction is taking place, the involvement of any third party can be eliminated using this bitcoin technology. This will be a quick and easy transaction without the permission of a third party,

• Low transaction costs involved: –

The transaction costs involved in exchanging these digital currencies are much lower, which is cheaper than the actual currency of the world’s population. Therefore, the cost of any transaction made is much lower, and is a beneficial feature of the population every time a transaction is being made.

• Fighting and eradicating poverty: –

Often banking systems and financial institutions do not provide support or assistance to the backward classes in rural areas in particular. Bitcoin serves as an alternative in cases where it extends its robust financial services to anyone with Internet access. It often serves as a support for the poor and oppressed classes who are not provided with a viable alternative in most cases.

As new or newer technology arrives, there are also some negative factors related to its use, such as: –

• Lack of knowledge and distrust of the population: –

Due to the lack of knowledge about digital currency, more people are more likely to become distrustful of its widespread use. Therefore, there are few business systems that support these cryptocurrency sources, thus limiting business systems that prefer to use virtual currency in day-to-day transactions.

• Traceable transactions: –

Because transactions made by Bitcoin are undetectable, it provides a place for criminal transactions. In such cases, it is the drug dealers and strict people who use this virtual currency so that their illegal activities are not easily detected.

• Volatile nature and uncertainty: –

It is sometimes variable in cryptocurrencies and continues to change frequently on a large scale. Sometimes people make a considerable amount of money when the market rates for these virtual currencies go up and sometimes they even suffer big losses when the price goes down.

Cryptocurrency is an innovative but amateur concept that can potentially disrupt the entire financial market. It is true that this digital currency has gained the attention of the world in a short time. There are always benefits and drawbacks to all the new technologies that are emerging in the market. To make the best use of it, both sides need to be examined before decisions can be made.