May 3, 2020

Does Investing and Owning Crypto still a Good Investment Vehicle?

Klimor Napos
Uncategorized

Bitcoin and several other digital currencies or more popularly known as cryptocurrency (crypto) are harnessing so much controversy in financial world. Its value is based on blockchain technology or set of complex and sophisticated codes that could be shared among several computers. But here’s the catch, every block remains completely anonymous and free from government issuer. This as a result made crypto a lot more appealing both for legit and illegal applications like supply chain transactions between vendors and company and money laundering respectively. Even in some online casinos, they are accepting Bitcoins as an exchange of transaction. If you are playing in Bola Tangkas, try to check if such option is available.

It’s the Risk and Reward of Crypto

Now, trying to veer from its expected purpose, digital currencies have been used as a vehicle for having serious speculation among investors and traders. Currently, Bitcoin’s value shoots to over 20,000 dollars in 2017 before it falls back drastically. Massive swings in price daily are causing fortunes to be lost and won among traders and investors. After all, this is a normal scenario when trading in such. While there are many financial professionals who see big potential in it, others do feel that it is representing highly inflated assets.

What does Experts have to Say?

So anonymously, what do these financial experts really say about Bitcoin and other cryptocurrencies in the market these days?

At the moment, bitcoin is decentralized and virtual currency that is used for trading services and goods. Being decentralized, it isn’t backed by any company, organization or body of government. Truly, Bitcoin is a global unregulated currency that isn’t taxed at any form. There have been multiple attempts made in harnessing virtual currency but similar to government attempts in regulating the internet, all attempts have failed.

Sooner or later, Bitcoins and other cryptocurrencies would likely be regulated in order to have lasting power. The only question remains is, how and who. Right now, Senate Homeland Security as well as the Government Affairs Committee is doing investigation about Bitcoins and several other digital currencies in the market.

FinCEN had already issued guidance in relation to virtual currencies as well as its exchanges and administrators that are subjecting these companies to same regulatory responsibilities as with other financial institutions. Believe it or not, NY Department of Financial Services have sent several subpoenas to businesses that are in association with Bitcoin to provide info about their policies and to avoid money laundering and to ensure consumer protections.

Another financial expert mentioned that Bitcoin is an interesting concept but there’s a flaw in regulating currency supply. Since bitcoin supply does not increase in growth proportion or use of it, it creates a deflationary effect. Thus, it generates incentives for those who are hoarding bitcoins than spending them.

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April 6, 2020

The Buzz about Cryptocurrencies Today

Klimor Napos
Uncategorized

Digital currencies or cryptocurrency is based on blockchain technology. It was believed to have great potential in disrupting real-world currencies and a lot more. Basically, blockchain technology is the backbone of virtually all cryptocurrencies you see in the market today. The reason why it is capable of disrupting multiple financial services is due to the fact that it has innate complex financial transactions and can reduce costs too –  all this while it can augment transparency.

Broad Applications of Cryptocurrency

Implications of the said technology are far-reaching. This isn’t just felt in financial services but also, in several other facets like:

  • Government
  • Healthcare
  • Law
  • Education and;
  • Technology

Whether you believe it or not, there are even some online casinos that are allowing the use of cryptocurrencies as form of deposits to their account. If you are playing in one already such as in judi online terpercaya, might as well want to check out their policies and if they are accepting such.

Benefits and Risks

As per experts, one of the notable benefits provided by digital currency is that, it is impossible for it to be counterfeited and all transactions can’t be reversed arbitrarily by sender. This is comparison to credit card chargeback. Furthermore, cryptocurrency transactions can offer anonymity to its sender, receiver and owner.

Credit cards on the other hand are operating on pull basis in which the store is identifying the transaction and then, pulls the amount of sale from the card. Meanwhile, cryptocurrency follows a “push” model transaction where it is prompting the holder to exactly send what they wanted to the seller without requesting additional information.

Yet another benefit of cryptocurrency is it isn’t bound by the exchange rates, transaction charges or even interest rates. Not only that, transactions involving digital currencies are taking place at same speed no matter where the receiver and sender are located.

It comes with Fair Share of Risks

Cryptocurrency is seen by many as another investment vehicle. And much like any other form of investment, there are risks that come along with it. Recommended by experts that prior to investing in cryptocurrency, risks like regulatory intervention and price volatility should be taken into consideration.

Price volatility will be an ever-growing issue in digital currency. After all, it is representing a new breed of currency. For this reason, investors ought to expect volatility and at the same time, price swings as the market is starting to develop. While cryptocurrencies have seen massive growth, they remain to be a small part of global finance hemisphere. Both policymakers and regulators keep monitoring digital currencies in determining potential impact to broader systematic or financial stability risks.

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March 10, 2020

What To Look For In Online Casino And Cryptocurrency Sites

Gambling in online gambling sites, such as BandarQQ Online, is one well-liked pastimes that many people all over the globe really enjoy. With a great number of casinos operating online, you will surely get to have the opportunity to play various casino games for actual money providing access to entertaining games from the best developers. Through an actual money account, you could place bets and win (or lose) similar to how you would in a physical land-based casino.

When deciding on a website to play casino games with real money, you will have to consider the banking options that are supported by the site. Although a lot of online casino support credit and/or debit cards, prepaid cards, e-wallets as well as bank transfers, many casino sites started accepting digital currencies or cryptocurrencies, hence many have also begun making use of cryptocurrency. With this preference, you could safely gamble while staying absolutely anonymous. With cryptocurrencies, players are also provided with more security since no personal information or any of a player’s financial detail is given to the online casino site.

Online Casino and Cryptocurrency Sites – What You Should Consider

When finding for a casino site that supports cryptocurrencies, there are a few things to bear in mind to make certain you are engaging in a legitimate, safe and trusted casino site. The online casino you chose has to be licensed as well as regulated. Additionally, it also should provide a Privacy Policy that would protect every sensitive data and information.

A range of digital currencies are supported by cryptocurrency sites, hence be certain that your chosen site carries the kind of crypto you usually use. Moreover, ensure provided bonuses as well as promotions could be redeemed when deposits are made utilizing this route for payment.

Similar to looking for an online casino, it is imperative to make time to gain knowledge of the software being utilized as this plays a part in selecting games and options for payout. It is always a wise move to choose a website that makes use of reliable and trusted software.

Security measures that are undertaken by the casino site are crucial as well. You would want to ensure that every transaction that you make is carried out with the use of an encryption software. Furthermore, make certain that the online casino site keeps your sensitive information on a server that is very secure. Also, look into their customer support ensuring that support is easily accessed and immediately provided and available anytime.

Bottom Line

Prior to gambling online making use of any cryptocurrency, it is essential to do some appropriate research and found a casino site offers players full protection and security. When gambling online, there are risks always attached to it, however with digital currencies, once could anonymously gamble and have great winning chances. Along with quick transactions, zero to low charges, as well as big paying bonuses, crypto-supported casinos will provide an excellent playing experience, entertainment and great opportunities for cash payouts.

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