Latest posts of: Shrinath

In the world economy both fiat money and crypto currency need to exist side by side.

In the first world countries where there is ever increasing GDP levels, bitcoin has already been introduced in their payment system. This has led to big multinational companies, like Amazon, started using bitcoin. They can think of moving towards a cashless society.

However, in the third world countries the level of poverty is so high that we see an ever decreasing GDP levels. The major crowd cannot even afford their basic necessities of life (food, clothes and shelter). Here it is almost impossible to introduce the concept of crypto-currency, including the far reaching effects of internet. To make both the ends meet here fiat money need to exist.

At any point in time since there is always a difference in the economy of all the countries, fiat money will always need the presence of crypto currency to survive.

There is no doubt about the fact that Bitcoin will only continue to grow. We will see another skyrocketing in 2108 as we saw in 2017.
As we all are aware that we found a dip in the price. This is just the lull after the storm. The probable cause for this is the rush by holders of bitcoins to sell their bitcoin in order to celebrate this season and again there was over congestion in the block-chains network leading to so many unconfirmed transactions. Again and a lot more money has been pumped into alternative crypto-currencies as well.
As long as the price can remain relatively stable until the new year then confidence can be returned and the price can push upwards again in 2018. This is because the price is higher if the demand is increasing and is lower if the demand is decreasing. With the march of time after the temporary lull we will see another skyrocketing of its price.

The belief of the contribution towards the needy arises only when we think that we hold the key towards excellence in earning BTC. As being a part the crypto-currency world it is our duty to contribute towards the needy ( I personally donate to our locality charity, especially for the upliftment of the children who have abandoned by their parents ) and again since we believe that the Lord rewards those with a helpful heart.
We must also not forget that there are millions in the world who are financially insecure. They need a support to believe that they can also earn in millions and become financially secure. I will dedicate myself towards delivering the knowledge that I have gained and will continue to learn in the crypto-currency world, to the insecure so that they join BTC and become financially secure. I sincerely believe that this a better donation than contribution of BTC to the needy.

There could be multiple analytic reasons for the sudden increase of the BTC value in the market today. A few that I can think of are:

1.   Initially the price was not that high. However, with the march of time many developed country like Japan, USA and UK etc. started using bitcoin in their payment system. This led to big multinational companies, like Amazon, started using bitcoin. These things started boosting up its price at international market. Many large investors started investing their money which made BTC increasingly popular.

2.   A few other reasons that has added to its popularity are:
a.   Low transaction cost in comparison to wire transfer
b.   Less background checks, ID checks, credit checks and overall regulation, since Crypto currency is decentralized and deregulated.
c.   Best long term performance in comparison to inflation of any currency or asset.

3.   With the increase of popularity of BTC at the international level, led to the increase in it’s “demand”. However, at the level of Crypto-currency it was still facing severe lacunae in its level of “supply”. Hence, according the economic law of “Demand and Supply”, with limited supply the higher the demand the higher the price.

Hence, the sudden stooping skyrocket in its price.

There are conceptually two broad categories of the wallets you are looking for.

1. Online wallets: In these wallets it needs you to connect to the internet and then save your stakes. However, you need to essentially keep your “private keys” secure to safeguard your hard earned BTC. A few to recommend would be Exodus, Electrum, Coinomi, Jaxx etc.

2. Offline wallets: On the other hand, in offline wallets, they are not just hardware wallets. Practically any wallet that never needs to connects to the internet to interact falls under this category. However, technically the moment you connect to the internet they no longer remain “Offline”. Here you just need to download the link and install it. A few to recommend would be Bitcoin Core, Bitcoin paper wallet, Ledger, Nano S, Trezor, Electrum, etc.

Now it is you who has to decide which one to choose. But generally as long as you can keep your private keys secure you could use either one.

You need to gain idea on Blockstream Satellite. There are few satellites launched to allow people who do not have any access to internet. Yet with the use Blockstream Satellite they can exchange bitcoins, which does not need the access to internet.

I think of the following ways to slowly start generating vitrual money:
1. Work hard here in this forum regularly and increase your rank.
2. Participate in signature campaign,
3. Work on blogs.
4. Start translations.
5. Join the social media campaign.
These activities can help you earn you a lot which later you can convert your earning to bitcoin.

Lets briefly analyse the reasons for sleeplessness:
If it because of stress and tension from work, speak out and start BELIEVING that you are the BEST and you will definitely reach the TOP no matter what.
Also, proper body and mind conditioning is essential to achieving a healthy sleep pattern. Following are my suggestion:
1.   Do a regular after-sleep workout for at least 20 minutes. It should be rigorous. Adrenaline and toxins are released during exercise.
2.   Deep breathing ( Long Inhale & Exhale ).
3.   Avoid caffeine intake mid day to night. Caffeine is a stimulant.
4.   Listen music for sleeping
5.   Warm milk with sugar helps me sleep long.

In the fast developing world of today, it is utmost essential for us to ensure that the children or teenagers are made aware of multiple sources of income. No matter how good we design their career, the income from a single job can NEVER make them financially secure. Also, as we found for ourselves, the time that they will trade in the future job will NEVER equate with the profit that they will generate using BTC. With the march of time, we need to inculcate and imbibe in them the versatile ways of generating BTC profits. We need to at least discuss these matters on a regular sitting. Of course, the concepts will be initially hard for them to understand. However, with regular shared practice, they will be able to generate financial freedom and always be free from time.