A computer will be necessary for taking care of the mining effort. A mining computer will require many things:

A processor fast enough to go through bitcoin transactions or anything else on a network
A graphics processing unit that can review multiple transactions
A hard drive large enough to collect data on the blockchain; an average chain can be tens of gigabytes in size
Enough cooling materials to ensure the computer will not overheat

Swapzone is a helpful site that helps you find the best places for trading. You can use Swapzone to get details on what you can get from a transaction based on whatever fees or rates may appear. You can also get an idea of how long it would take for you to complete the deal.

When we talk about transferring valuable assets, those used to sleek user interfaces, Bitcoin and instant exchanges are not here to wait. Crypto wallets work fast to transfer peer-to-peer, but how do you make cryptocurrency trading or simple exchanges equally rapid?

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Cryptocurrency now is an integral part of the financial mainstream, but it still has a long way to go. Despite the niche size, wealthy people around the world add cryptocurrencies to their portfolios. Large investment funds, such as Grayscale and Andreessen Horowitz, increase their holdings, Grayscale received more than $1 billion in the last 12 months from its clients. For a retail investor, it might be a good idea to follow the big fish. There are many ways to profit on cryptocurrencies, but the main two ways are trading and investing. Both of these ways require picking a good service to store and manage the funds, which can be a little challenging for a beginner. In this article, we’ll review some basic rules on how to choose a great cryptocurrency exchange. However, before digging deeper into making money, let’s see how cryptocurrency works overall...

The concept of digital currency has existed for many years. Before cryptocurrencies, there were many attempts to create some form of digital money. One of them was Ecash, which was created in 1983, and it became Bitcoin’s predecessor. In 2009, Bitcoin was created by Satoshi Nakamoto, a mysterious developer, and the new class of assets was born.

Bitcoin was the first example of successful blockchain technology implementation in finance. A blockchain is a database where the entries are sequences of blocks. Every block contains information about the previous one, its hash, and of course, information on transactions. Blockchain is a distributed technology, in the case of Bitcoin and the majority of other blockchains, copies of the database are stored on the nodes of all participants. This distribution allows making sure that nobody would be able to change the database, to reverse transactions or to add new ones without everyone knowing.

Another feature is that every user has their own wallet – to send or receive cryptocurrency, you have to know a public key which is a sequence of Hex-numbers, for example, 1PAt5oKQGBRigFDY6fB2WgQTtQJNzFyTDr. The private key, on the other hand, is a tool that allows signing transactions and managing the funds. All the assets on blockchain truly belong to their owners. Overall, immutability and true ownership are two things that differ cryptocurrencies from the government-issued fiat money.


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Yes! It is possible to trade without an exchange. But then the entire trading process comes with certain risks. Either you can look for a reliable trader or equip yourself with the complete knowledge of crypto world.

The amount of energy required to "mine" one dollar's worth of Bitcoin is more than twice that required to mine the same value of copper, gold or platinum. One dollar's worth of Bitcoin takes about 17 megajoules of energy to mine.

What makes Cryptocurrency mining this expensive?

1. The exponential growth in mining price is a consequence of rising hash rate, which is a measure of miners' performance.
2. Hash rate adjustments can make Bitcoin mining exponentially more energy intensive.
3. As the hash rate increases the chances of computing the mathematical puzzle required to earn bitcoin also increases but along with it, the amount of energy needed to run a bitcoin mining too surges upward.

Mining is a process equivalent of a government printing new currency and apart from knowing its mining cost; it carries an entire process of releasing new Bitcoins.
 
You can learn more regarding the mining practices from the blog, which was suggested to me once and is very useful:
https://www.altcoinsidekick.com/bitcoin-basic-blog/a-simple-guide-to-understanding-bitcoin?rq=bitcoin%20mining

Blockchain is a distributed ledger, for the sake of safety, uses something called a public key, with only the latter being used to unlock information. Moreover, no person can break into one computer and alter the records for fraudulent purposes.

Benefits of Blockchain:

1. Prevents corruption: it uses sophisticated mathematical encryption, using public and private keys, making sure nobody can corrupt the data.. .
2. Increases Speed and Saves Time: With blockchain, a distributed ledger makes sure all the information is put together in the same place. This naturally saves time and makes the process faster.
3. Cost Cutting: As efficiency is increased and so is speed, the cost is bound to go down.
4. Reduces Chances of Making Mistakes: Blockchain is decentralized, it is not controlled by one central authority.

There is a lot to know more about the Blockchain technology, and if you are curious to study the technology, I would suggest you go through this blog, as I have gain awareness from here itself.
https://www.altcoinsidekick.com/bitcoin-basic-blog/what-is-blockchain-technology

The tendency for the worst news to coincide with the end of a down move and the best news to coincide with the end of an up move has, like the slope of hope and the wall of worry, been turned into a handy aphorism.

It shows up in the stock market, the forex market, the bond market, in fact, all liquid financial markets, including cryptocurrencies, exhibit this behaviour - even real estate.

https://www.altcoinsidekick.com/copy-of-podcast3

Governments run economies using budget deficit spending. This relies on being able to control the flow of value across borders.

From its genesis in 2009 Bitcoin has had four price bubbles, each one ending with Bitcoin gaining thousands of percent in price and an ever larger market capitalisation.

The third bubble ended when Bitcoin hit $1163 US dollars a coin. Prices then collapsed 87%.

Things went quiet on the surface for three years, but by the end of 2016 Bitcoin’s market cap had doubled to around $15 billion. To put this in perspective, this is equal in size to the 341st biggest company in the United States.

In 2017, things went sideways.

The driving force of international capitalism chasing Bitcoin for a share of the action pushed the price to just under $20,000 US dollars.

At this price, the total value of Bitcoin hit $315 billion US dollars. More than the mark to market value of all of the United States gold deposits.

And at this price Bitcoin could, in theory, be used to transfer massive amounts of value across international borders.

If the price of Bitcoin could not be contained, this would quickly put the system of capital that drives international commerce and the wealth and property of nations at risk.

Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.

Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.

In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.

I personally think it is safe as an offline wallet offers the highest level of security for storing crypto is it involves storing the funds in a secured place that is not connected to any network. This type of wallet can also offer good protection against computer vulnerabilities. The hardware wallets are the best type of offline wallet that offers very high security and ease of use. Also, as these wallets allow backup, you can easily recover your funds if you lose this device.

One such example of a hardware wallet is Trezor. It operates as secure cold storage. You can easily transfer bitcoins to the device using the Trezor interface, which is accessible from macOS, Linux, Windows, and Android. Its interface is quite easy to use that lists your coins and recent transactions.

Trezor uses a 12 to 24-word seed for protection and recovery and a user-defined PIN. You can also add an encrypted passphrase to your wallet for an added layer of security.

what say u?

The RSI indicator is a momentum indicator. It works by dividing the initial percentage gain by percentage loss over the period used by the indicator, typically fourteen days, and then smoothing the results. The point is, the RSI, like all the other momentum based indicators, is based on the price of the underlying market and a moving average to smooth the results.

What’s more likely to act as a catalyst for a market — an RSI reading or a real-world exogenous or endogenous event?

The 5% wait patiently for a market to set up. As cryptocurrencies trade through time, prices are driven above and below zones where entry can not only provide a quantified amount of risk but also market feedback if the position is unprofitable.

In contrast the 95%, the inconsistent majority, buy highs and sell lows. Yes, sometimes this can work, and yes, it is a strategy at one specific point during the price cycle, that allows good risk management and market feedback, but most of the time buying the high and selling the low is highest risk lowest reward strategy a speculator can deploy.

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?

If you pick Bitcoin, Ethereum, or any other top-ranked alt-coin, you’ll be exposed to extreme levels of volatility, compared to other assets.

And what if you need to move fast? Even if you’ve already set up your account, how are you going to fund it? If you use a debit or credit card, then, generally, you’ll have to pay a high fee, and you won’t be able to move that much fiat currency without your bank raising an eyebrow. What about a bank transfer? Yes, the fees are much lower than using a debit or credit card, but usually, a bank transfer takes a few days to clear into a cryptocurrency account — you could be waiting three to five days before your funds are available.

Remember the British pound to Australian dollar example earlier, if you wanted to take advantage of that situation in real-time, back in 2001, you had to have your cash ready to move — your account needed to be fully funded, ready for you to pull the trigger.

https://www.altcoinsidekick.com/blog/locked-and-loaded

The 95% use a purely technical approach to speculation and investing, relying on articles written by their favourite crypto guru for their analysis. Bitcoin has been leading the crypto market higher over the last month, and as prices move higher so will the expectations of Bitcoin's future.

Most find speculation and investing hard. It's because we are just not wired to be good at it. Almost everything we think we should do will hurt, and almost everything we believe will harm us won't.

This behaviour retells the same old story, over and over again. The majority, get caught up in the hype and excitement and buy, always late to the party, without any long term understanding of the actual risks they are taking, bouncing between exhilaration and despair, checking for tweets, posts, and updates from their trusted guru.

What’s more likely to act as a catalyst for a market — an RSI reading or a real-world exogenous or endogenous event?

The 5% wait patiently for a market to set up. As cryptocurrencies trade through time, prices are driven above and below zones where entry can not only provide a quantified amount of risk but also market feedback if the position is unprofitable.

In contrast the 95%, the inconsistent majority, buy highs and sell lows. Yes, sometimes this can work, and yes, it is a strategy at one specific point during the price cycle, that allows good risk management and market feedback, but most of the time buying the high and selling the low is highest risk lowest reward strategy a speculator can deploy.

Bitcoin is climbing a wall of worry without mass public participation. While news of Bitcoin’s rise might be making headlines in Australia, in other countries, like the UK, cryptocurrency rarely makes the news. In May 2019 the general public is still not invested in crypto. (As a test, ask around next time you’re out socialising)

What is behind this week’s 32.4% move up in Bitcoin? An indicator reading or are there background forces a work?

In the tweet on May 7th, Zhao mentioned that Binance had decided against a reorg, but then briefly pro-conned the situation.

On the pro side, by implementing a reorg, Binance could punish the hackers by moving the fees onto them. This would also act as a deterrent against future attacks, and would also test the reaction of the Bitcoin network to a reorg event.

On the con side, Zhao acknowledged that a reorg event might damage Bitcoin?s credibility, as well as potentially causing a permanent split in not only the Bitcoin blockchain but in the cryptocurrency community too.

how should we all think of it as a community 

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