Many services nowadays offer their users to buy Bitcoins, but they may often turn out to be a scam. Such cryptocurrency exchanges may simply take your money and then disappear. But among many services available on the web, CEX.IO is the one that can definitely be trusted. Still, why trust us? Here are several reasons why we are among the market leaders.
The company is officially registered in the UK, has a Money Services Business status in FinCEN (USA), which means that we are recognized on the international level. At the same time, CEX.IO pays much attention to the issues of security, and the strong anti-DDoS protection as well as level 2 PCI DSS evidence that the service ensures the security of customers’ funds and personal data. In addition, two-factor authentication also contributes to the overall safety of the platform.
Additionally, transparent fees make the cryptocurrency exchange a reliable partner for our customers. Ultimately, easy navigation through the website will help everyone to find everything one needs with ease. Using the platform, thus, you will learn how to buy Bitcoins without wasting time or thinking about security risks.
The major influence on the value or price of a coin is the supply of that particular coin in a particular grade that is available for people to buy. The total possible supply available to the market is determined by the initial mintage of that coin. For most countries, at the end of a year the coin dies with that particular year on it are destroyed and never used again. Hence, once a year is done the supply of that coin for that date is fixed (note: this does not take into account restrikes). In the early years of the United States Mint coin dies were made by hand and were used until they wore out or broke. This resulted in some coins being produced with the previous year's date but reported as production in the current year.
Just because a coin is cerebrally interesting doesn’t mean it’s going to thrive or go up drastically in price, though, and that’s what most altcoin investors want – auroracoin and mazacoin haven’t fared too well, for example. But ultimately, the value in these coins doesn’t come from their pinball movements on the markets. It comes from their role as counterparts to bitcoin.
Bitcoin’s developers are a conservative bunch, and rightly so. They’re steering a core architecture that forms the basis for an increasingly large commercial layer. In the early days, mistakes were OK. The bitcoin economy would have been more forgiving, because it didn’t really exist. Now that larger money is pouring into bitcoin’s ecosystem, the devs can’t afford to screw it up. So any changes are well thought out, and cautiously implemented.
am concerned about my alt coin sell order that I placed for a profit getting filled when there actually is a price drop in $ amount. Say I buy alt coin with bitcoin on Poloniex. I want to sell the alt coin when the alt coin price increases by 20% assuming bitcoin price has not fluctuated too much. So I put sell order that is 20% price higher than what I bought at. However, since altcoins price are based off Bitcoin's price, isn't it possible Poloniex to indicate the alt coin price increased by 15~20% because of Bitcoin had a price crash? I'm afraid this will cause my sell order to go through because the price increase really happened because of price decrease of bitcoin and not increase of the coins.
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With the volatility of digital currencies, no one can predict what the industry will look like in a year.
Digital currencies exist in a state of antifragility and shocks to the industry have not negatively impacted the market in the long term.
It’s clear, however, that issues like scalability will be a major factor in determining which currencies are able to sustain their success in the following years.
Additionally, increasing public education could dismantle the idea that ‘altcoins’ are an alternative to Bitcoin, and allow for less divisive growth in the future.