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Equity Markets Vs. Cryptocurrency Markets: Weekly Performance Review, Feb. 10 16

Equity Markets Vs. Cryptocurrency Markets: Weekly Performance Review, Feb. 10 16

Equity Markets vs. Cryptocurrency Markets: Weekly Performance Review, Feb. 10 16 Weekly analysis of the equity and cryptocurrency markets over the week. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Both equities and cryptocurrency markets rallied together last week, as each recovered prior losses. Investors will continue to watch for signs of inflation and the trend of rising rates . The 10-year US Treasury yield has been leading global rates higher, hitting a four-year high last week of 2.93. Yet, for now, it looks like initial concerns have dissipated. The dollar is falling against most assets, which seems to be helping equities. All of the major equity markets followed were positive, with Indias BSE Sensex the weakest performer, up only 0.015%. Much of Asia was closed last Friday due to the Chinese New Year , yet the Hang Seng was able to complete its four-day trading week with a 5.4% advance to end at 31,115.40, while the Shanghai Composite was up 2.2% to close at 3,199.16. In Japan, Bank of Japan (BOJ) Governor Kuroda announced he would stay for another term which was viewed as supporting a continuation of loose monetary policies. This was viewed positively by the market with the Nikkei 225 advancing 1.6% for the week to end at 21,720.25. The S&P 500 advanced for each of the past six days (due for a stall or pullback). That by itself should give investors pause as the odds now favor a pullback or at least a rest in the near-term. Heading into the new week US financial markets are closed on Monday for a government and ba Continue reading >>

Digital Currency - Wikipedia

Digital Currency - Wikipedia

Taxonomy of money, based on "Central bank cryptocurrencies"by Morten Linnemann Bech and Rodney Garratt. "eCash" redirects here. For the 20th century brand, see ecash . Digital currency (digital money or electronic money or electronic currency) is a type of currency available only in digital form, not in physical (such as banknotes and coins ). It exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies and cryptocurrencies [1] or even central bank issued " digital base money ". Like traditional money , these currencies may be used to buy physical goods and services , but may also be restricted to certain communities such as for use inside an on-line game or social network. [2] Digital currency is a money balance recorded electronically on a stored-value card or other device. Another form of electronic money is network money, allowing the transfer of value on computer networks , particularly the Internet . Electronic money is also a claim on a private bank or other financial institution such as bank deposits . [3] Digital money can either be centralized, where there is a central point of control over the money supply, or decentralized, where the control over the money supply can come from various sources. In 1983, a research paper by David Chaum introduced the idea of digital cash. [4] In 1990, he founded DigiCash , an electronic cash company, in Amsterdam to commercialize the ideas in his research. [5] It filed for bankruptcy in 1998. [6] [7] In 1999, Chaum left the company. In 1997, Coca-Cola offered buying from vending machines using mobile payments. [8] After that PayPal emerged in 1998. [9] Other system such as e-gold followed suit, but faced issues becaus Continue reading >>

Ethereum And Bitcoin Cash Rise As Other Cryptocurrencies Tumble

Ethereum And Bitcoin Cash Rise As Other Cryptocurrencies Tumble

Ethereum and Bitcoin Cash Rise as Other Cryptocurrencies Tumble The price of both Ethereum--the world's second-largest cryptocurrency in terms of total market capitalization--and Bitcoin Cash--a so-called "hard fork" of the original Bitcoin--is soaring on Wednesday, despite steep declines in many other cryptocurrencies. The price of both Ethereumthe worlds second-largest cryptocurrency in terms of total market capitalizationand Bitcoin Casha so-called hard fork of the original Bitcoinis soaring on Wednesday, despite steep declines in many other cryptocurrencies. According to CoinMarketCap.com, Ethereum has gained about 12.8% over the past 24 hours, while Bitcoin Cash is up about 12.3% over that same timeframe. Meanwhile, Bitcoin has tumbled about 4.0%, Litecoin has shed nearly 2.5%, and Ripple has plummeted more than 16.4%. Ethereum was actually surpassed by Ripple for second place in the cryptocurrency rankings just a few days ago, but ethers latest surge has helped it reclaim its spot. The cryptos run to new highs also comes in the face of several major tech issues surrounding the blockchain platform. Ethereum has been a go-to alternative to Bitcoin because it typically offers shorter transaction wait times and lower transaction fees. However, a recent glitch in the platforms algorithm to estimate costs has caused many users to pay significantly higher fees than usual. In an email to CoinDesk.com, developer Nick Johnson explained that many popular walletsincluding MyEtherWallet, MetaMask, and Shapeshiftuse what is called a gas oracle to calculate transaction fees. The gas oracle has been affected by a number of users paying more to use the Ethereum blockchain. Johnson ultimately concluded that, while it's still possible to transact on the network at a fairly low pric Continue reading >>

Vinny Lingham Thinks Bitcoin Cash Will Outpace Bitcoin In The Future

Vinny Lingham Thinks Bitcoin Cash Will Outpace Bitcoin In The Future

Internet entrepreneur Vinny Lingham predicted on Thursday that bitcoin cash the offshoot of the popular cryptocurrency will be in greater demand than actual bitcoin in the future. "Bitcoin and bitcoin cash are focusing on two totally different markets right now," said Lingham, who has been dubbed the "Bitcoin Oracle" for his spot-on predictions about bitcoin. Lingham, who owns a range of crypto units, said bitcoin cash is most commonly used for fast payments. Meanwhile, bitcoin is the better choice for investing. "When I look at it from the product standpoint, I think the greater demand is for peer-to-peer cash than for digital gold," Lingham told CNBC's " Fast Money " on Thursday. Lingham, who is the co-founder and CEO of Civic, an identity protection and management startup in San Francisco , added that investors should hold bitcoin and ethereum but said now is a good time to buy bitcoin cash. Bitcoin was priced just above $11,200 as the market closed on Thursday, a 45 percent dip from its December high of $19,500. Investors have sold off cryptocurrencies amid fears of an uncertain regulatory environment. and a breathtaking rally that has only recently begun to reverse. Last August, developers split off from the original bitcoin to form bitcoin cash, in an attempt to improve the speed and costs of bitcoin transactions. The U.S. has been slow to regulate the crypto market as the popularity of digital coin investments increases. Meanwhile, South Korea and China have already announced they are cracking down on cryptocurrencies . Continue reading >>

Cryptocurrency Vs. Traditional Money

Cryptocurrency Vs. Traditional Money

September 12, 2017 7:59 am Published by Eric Brown As money continues to become more digital, cryptocurrency payments have become huge buzz words. We recently took a look at what cryptocurrency is and how it works, and now were here to discuss how it differs from traditional payment forms including cash and credit and debit cards. Before we get into the benefits of cryptocurrency over traditional money, lets quickly review what it is. Cryptocurrency, also called digital currency, is a digital coin you can send online. Digital currency represents value that is not issued by a central bank or government, but is accepted by people and merchants as a means of payment for goods or services. There are currently more than 900 cryptocurrencies available over the internet, and new cryptocurrency can be created any time. Bitcoin, Ripple, Ethereum, and Litecoin are some of todays bigger players that you may have heard of. What are the differences between cryptocurrency and traditional money? Lets take a look at the many benefits of digital currency. Digital currency affords users complete anonymity. Every time you swipe your credit or debit card, your personal information is attached, and businesses, banks and governments can use this data to track your activities. Cryptocurrency transactions carry no personal information (unless you add it yourself). This privacy also dramatically decreases the chances of identity theft. Constant access to your accounts. Traditional accounts can be garnished or frozen, but since digital currency exists outside the regulations and laws that allow this to happen, its very rare to be unable to access your coins. No fraud! Individual cryptocurrencies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card c Continue reading >>

I Got 2.3% Extra Bitcoin With Square Cash Vs. Coinbase.

I Got 2.3% Extra Bitcoin With Square Cash Vs. Coinbase.

Cryptocurrency Enthusiast. Entrepreneur. MIT Sloan Class of 2020. I Got 2.3% Extra Bitcoin with Square Cash vs. Coinbase. The 2.3% was observed through my experimentation, which is by no means a fully controlled study. The percentage differences may vary. The goal of this article is to take into considerations factors beyond the trade fee that may affect the overall price of a Bitcoin purchase on Coinbase and Squares Cash App. This morning, I was speaking with a Discord user by the name of PhaTei regarding Squares recent release of a no-fee Bitcoin buying option on its Cash App. Hes part of the Cosmic Trading Community , which is a community for Cryptocurrency traders to discuss the latest prices, blockchain technologies, share signals, trading thoughts, etc. Over 3,200 cryptocurrency traders sharing knowledge, insight, signals, and best practices. Join our community for free!discord.gg On January 31, 2018, Squares Cash App announced immediate availability for users to buy and sell Bitcoin on its app the amazing part? No fees . At first glance, no fees sounds amazing buying $10,000 worth of Bitcoin on Coinbase has a fee of $146.81, so that could mean a savings of $146.81 by using Squares Cash App. But claims like this leave room for the imagination, so a quantitative comparison between a fee and no-fee world would be nice to really conclude what added benefit no fee actually means. I set out to do a simple comparison between Coinbase and Square Cash: how much Bitcoin can I really buy with $100? This article compares buying Bitcoin on Coinbase Vs. Square Cash, and does not involve any comparison to exchanges. If youre interested in trying out either one: Sign up for Square Cash : If you use my code CPHQGRG in the Reward Code in your settings, we both get $5 after you se Continue reading >>

Cryptocurrency: The Good, The Bad, And The Future Of Moneysupply

Cryptocurrency: The Good, The Bad, And The Future Of Moneysupply

Cryptocurrency: The Good, The Bad, and The Future of MoneySupply By James Alctucher . Originally published on JamesAltucher.com 99% of Cryptocurrencies are total scams. And, yes, Cryptocurrencies are in a bubble. BUTthe opportunity is NEVER going away and generational wealth will be made. So you have to know the basics, why this opportunity even exists and what to watch out for. Heres the problem. Theres around 900 different cryptocurrencies that exist, with new ones being created every week. I can tell you for sure: 95% of the cryptocurrencies are scams or Ponzi schemes. And I get questions every day: Is XYZ currency a scam? And nobody listens to the answer. Everyone is convinced they are right. Thats a bad sign. I always tell myself Im the dumbest person in the room. Then I call the smarter people and ask them lots of questions. And then I read everything I can. And in this case, I read the code. But the opportunity is immense. Think, Internet 1994. Right before the right before. BC will stand for Before Crypto and AC will stand for After Crypto. We are in AC right now and the world is about to change. Ive never written about Bitcoin and cryptocurrencies before. But theres a reason I want to start now. It doesnt mean cryptos or bad. It doesnt mean you shouldnt buy. It just means.theres a lot of hype and scammers out there. Weve seen this story at least twice before in past 20 years and many people have gotten hurt. Ive been actively involved in investing in Cryptocurrencies since 2013 (I sold my book, Choose Yourself in a Bitcoin-only store I created a month before I released it on Amazon). And for the past 18 months Ive participated in various ICOs (Internet Coin Offerings) that are all doing well. I say this just to establish some credentials. I will be writing mor Continue reading >>

Bitcoin Vs Electronic Money

Bitcoin Vs Electronic Money

Publications > Bitcoin vs Electronic Money The current realities of Bitcoin mean it is still a long way off from reaching the unbanked. Only the financially included can access the Bitcoin system through the necessary digital connections to the Internet. Bitcoin has had a volatile journey since it was launched in 2009, attracting attention among conventional investors as well as the black market. Regulators and policy makers are also following Bitcoin, raising the occasional eyebrow as they evaluate Bitcoins risks and benefits and how to regulate this little understood virtual currency. Some media reports have confused Bitcoin with more popular electronic money (e-money) schemes used in many low-income countries to reach the unbanked. But the two are markedly different and should not be conflated. This Brief provides information about Bitcoin and contrasts Bitcoin with e-money to avoid alarm about the former to the detriment of the latter. View an infographic comparing Bitcoin and e-money One way to comprehend virtual currency is to first understand fiat currency. Fiat currency is any legal tender designated and issued by a central authority that people are willing to accept in exchange for goods and services because it is backed by regulation and because they trust this central authority. Fiat money is similar to commodity-backed money in appearance and usage, but differs in that it cannot be redeemed for a commodity, such as gold (European Central Bank 2012). By contrast, virtual currency is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community. Although there are different types of virtual currencies (European Central Bank 2012), this Brief will focus on Continue reading >>

Bitcoin And Cryptocurrencies What Digital Money Really Means For Our Future

Bitcoin And Cryptocurrencies What Digital Money Really Means For Our Future

Bitcoin and cryptocurrencies what digital money really means for our future Digital currencies such as bitcoin have caused a financial frenzy. Alex Hern explains what they are and whether this is the end of real money Last modified on Mon 29 Jan 2018 12.01EST Bitcoin the currency of choice for online drug dealers and cybercriminals.Photograph: Guardian Design Team What is a cryptocurrency? Is it like bitcoin? In a word, yes. Bitcoin was the first cryptocurrency, and is still the biggest, but in the eight years since it was created pretenders to the throne have come along. All of them have the same basic underpinnings: they use a blockchain, a shared public record of transactions, to create and track a new type of digital token one that can only be made and shared according to the agreed-upon rules of the network, whatever they may be. But the flourishing ecosystem has provided a huge amount of variation on top of that. Some cryptocurrencies, such as Litecoin or Dogecoin, fulfil the same purpose as bitcoin building a new digital currency with tweaks to some of the details (making transactions faster, for instance, or ensuring a basic level of inflation). Others, such as Ethereum or Bat, take the same principle but apply it to a specific purpose: cloud computing or digital advertising in the case of those two. What exactly is a bitcoin? Can I hold one? A bitcoin doesnt really exist as a concrete physical or even digital object. If I have 0.5 bitcoins sitting in my digital wallet, that doesnt mean there is a corresponding other half sitting somewhere else. What you really have when you own a bitcoin is the collective agreement of every other computer on the bitcoin network that your bitcoin was legitimately created by a bitcoin miner, and then passed on to you through a s Continue reading >>

What Is The Difference Between A Cryptocurrency, A Digital Currency, And A Virtual Currency?

What Is The Difference Between A Cryptocurrency, A Digital Currency, And A Virtual Currency?

What is the difference between a cryptocurrency, a digital currency, and a virtual currency? Not much, but also a lot. (Ill explain). Essentially, virtual currency could be considered a myriad of different things but in the present day and age its often used to refer to the 95%+ of fiat currency in the digital / virtual world - held as M2 or M3 in the global financial system and not held in physical form. You may even consider Forex as a digital currency, which has dozens of different currency pairs to choose from. All digital and virtual currency is transferred via the internet. Although some virtual currencies are sold within apps vs on the web. With that understanding in mind, you could say that all all digital currency is virtual, and all virtual currency is digital - but not all virtual or digital currency is Crypto. Cryptocurrency still leverages the internet to perform all its functions, however instead of using it to get costumes in games, or other types of IAP (in-app-purchases). Digital currencies would be a closer representation of the currency we use every-day to make purchases in our current fiat system. Whereas virtual currencies are often more-so associated with some of the things mentioned above relating to buying in-app, or in-game items. Because you cant necessarily use virtual currencies to fill up a tank of gas, or get things from the grocery store, this is where the main distinction lies. Cryptocurrencies, as digital as they are are more closely considered to a fiat currency that CAN actually be used to purchase real-world goods and services, and many forward-thinking companies are already taking advantage of this for tax purposes and otherwise. I would recommend taking a look at this company, Cashaa (with their CAS token) to get an idea of how a c Continue reading >>

Money Vs. Cryptocurrency, The Real Costs (part1)

Money Vs. Cryptocurrency, The Real Costs (part1)

Director of Energy at ConsenSys and Cofounder of Gridplus.io Building the future of energy on blockchain Money vs. Cryptocurrency, The Real Costs (part1) Bitcoin, Ethereum, and Blockchain have become part of the technology hype cycle in 2017. Bitcoin continues to set all-time highs day after day, while Ethereum promises to use Blockchain to disrupt almost all financial instruments and business processes. These powerful peer-to-peer systems claim to efficiently dis-intermediate low value-added counter-parties, allowing more money to find its way to individuals creating value. The digitalization of money through cryptocurrencies is supposed to facilitate a new world of instantaneous cheap transactions between all humans and all machines. But how do these systems currently stack up against money, the most basic use case they are supposed to disrupt? To make this assessment, we first need to understand the current money system and the costs associated with it. The two intrinsic costs associated with currency that I will look at here are transaction costs, and the cost of inflation. In 2015 cash usage represented 2.35 trillion USD while checks, credit/debit cards, and ACH transfers represented 178 trillion. Shown below is a chart breaking down the composition of non-cash payments 2015. Not surprisingly credit and debit cards are used in the greatest number of transactions (103.3 billion), while representing the smallest amount of value ($5.72 trillion). Therefore, to begin our discussion of the cost of money we will look at credit card payments, how they work, and the costs associated with them. Although many in the crypto community like to talk about the fact that credit card transactions can cost the merchant anywhere from 23% and that cryptocurrencies can disrupt them, w Continue reading >>

Could Cryptocurrencies Replace Cash?

Could Cryptocurrencies Replace Cash?

Hydropower: The Key to Bitcoin Mining in the Future? At the beginning of the cryptocurrency boom, Bitcoin seemed to be the unquestioned leader. Up until early this year, Bitcoin accounted for the vast majority of the industrys market capitalization; then, in a span of just weeks, Ethereum, Ripple, and other currencies rushed to catch up . While Bitcoin is still in the lead, the rapid turnover in the industry has some analysts predicting that even bigger changes could be ahead. Among them? The idea that cryptocurrencies could come to replace cash entirely. A report by Futurism highlights some of the possible outcomes, should cryptocurrencies surpass fiat currencies at some point in the future. One important consideration is that cryptocurrencies cannot be manipulated quite as easily as fiat currency, largely due to their decentralized and unregulated status. Beyond that, cryptocurrencies could better support the concept of a universal basic income than fiat currencies would. As a matter of fact, some programs have already experimented with the use of cryptocurrencies as means of distributing a universal basic income. Further, cryptocurrencies could help to get rid of intermediaries in everyday transactions. This could cut costs for businesses and help out consumers. Possible Concerns if Cryptocurrencies Replace Cash Of course, there are also some huge challenges and concerns with this scenario. If cryptocurrencies outpace cash in terms of usage, traditional currencies will lose value without any means of recourse. Should cryptocurrencies take over entirely, new infrastructure would have to be developed in order to allow the world to adapt. There would inevitably be difficulties with the transition, as cash could become incompatible quite quickly, leaving some people wit Continue reading >>

Bitcoin Vs Bitcoin Cash: Five Things To Know If You Are A Cryptocurrency Investor

Bitcoin Vs Bitcoin Cash: Five Things To Know If You Are A Cryptocurrency Investor

Bitcoin Vs Bitcoin Cash: Five Things To Know If You Are A Cryptocurrency Investor Just before Bitcoin Cash (BCH) came into being, the transaction fees had skyrocketed, from fractions of a penny to nearly $9 in August 2017. Besides, the bitcoin users had to wait for hours or even days for their payments to be cleared. Bitcoin cash is the hard fork of the bitcoin. Bitcoin (BTC) is the first and most popular cryptocurrency that is peer-to-peer electronic cash, which is fully decentralized with no central bank without involvement of any third party. Bitcoin cash also maintains all these features. As a matter of fact, bitcoin cash is the continuation of the bitcoin project. The rise of bitcoin prices had slowed the processing speed of blocks, while transaction cost jumped. These two reasons primarily led the bitcoin community to create a bitcoin fork. Just before Bitcoin Cash (BCH) came into being, the transaction fees had skyrocketed, from fractions of a penny to nearly $9 in August 2017. Besides, the bitcoin users had to wait for hours or even days for their payments to be cleared. This decline in usability caused many early retail adopters to abandon Bitcoin, either switching to competing digital currencies or returning to traditional payments entirely. In 2017, the number of bitcoin transactions on the network began to decline for the first time in the Bitcoin's history. 1. Because of influx of investors in bitcoins, two major problems had occurred. The first was the slowdown of clearance of payments. Second the transaction fee had risen. After these two reasons surfaced, the bitcoins usability started falling. By 2017, several early retail adopters had started abandoning bitcoins, or started switching to the rival digital currencies. 2. The old bitcoin had a maximum li Continue reading >>

Cryptocurrency Vs Fiat ( Cash Money)

Cryptocurrency Vs Fiat ( Cash Money)

One thing youll notice about the money in your pocket is that it has the name of a country on it. And usually some sort of sovereign ruler whose history is likely vigorously contested. All this kind of goes along with the word fiat, or by decree which, naturally, conjures up images of rolled parchments and unquestioned rules ordered by enthroned demigods with over-designed crowns and robes. Of course, whether its an actual Royal, a government, or a long-dead economist ordering us to recognize these inherently useless pieces of paper as legal tender, you cant actually be forced to use it. But businesses that want to stay on the right side of the decree, if they know whats good for em, have to accept it as payment. (It doesnt mean they cant accept other forms of payment, though, right? Right. Have some CorrectamundoCoin.) From time you time youll find the local stores debit machine is broken, but you never see a hastily scrawled NO CASH TODAY. (If you ever do happen to see such a sign at the bank? Not a good economic indicator. Speaking of banks:) Who cares, you ask, if some monetizin eggheads named my money after what Kings get to do? I may not know money but I know what Im used to. Because of course you do: you put money in the bank; they keep it; you go and get it out when you want to exchange the paper tickets for something of value. You put money in the bank, OK. Why, exactly? Because its safe there? That interest rate? Because this conveniently lets you pay with a tap everywhere you need to? Fine, there may not be too many places you can do that with Bitcoin yet, but the key thing with cryptocurrency is you dont need a bank to use it. A decentralized peer-to-peer network verifies transactions, which also means that your wallet app, and the trustable verification th Continue reading >>

Ethereum Vs. Bitcoin, Is One Cryptocurrency Better Than The Other? | Digital Trends

Ethereum Vs. Bitcoin, Is One Cryptocurrency Better Than The Other? | Digital Trends

Cryptocurrencies can be a little confusing. Are they digital money or more like gold? Are they a new way to pay for things online or a way to store value? Those arent easy questions to answer when youre talking about hundreds of different cryptocurrencies, some old, some new, and some very different from the rest. When you focus Ethereum vs. bitcoin, though, there are some stark, obvious differences. Their age is the most obvious, with bitcoin having entered this world as the very first global cryptocurrency in 2009 and Ethereum only showing up in 2015 as a potential alternative. Although it is less proven than its predecessor, Ethereum does have a few nifty features which give it a lot more potential than its older sibling in some key areas. For the purpose of this guide, well look at two shared aspects of the cryptocurrencies: Their ability to act as a store of value and as transactional mediums. Well also take a look at some of the unique features which make them stand apart. If you want a more general look at cryptocurrencies, or the steps for how to buy , sell or trade bitcoin and Ethereum, have a read of some of our other guides. The most successful cryptocurrency for storing value continues to be bitcoin. As the most valuable coin in the world by quite some margin and the progenitor of the entire cryptocurrency revolution bitcoin has proven itself. Its far more recognized than any of its peers, and that makes it easier to buy, store, and sell. Thats not to say that Ethereum and its coin, Ether, have been ineffective. For such a young currency, Ethereum has proved to be one of the most popular. At the time of writing its market value and 24-hour trading volume are second only to Bitcoin. The actual monetary value for a single ETHhowever, is less than five percent Continue reading >>

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