Unholy Alliance

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Chester Hart

4 reasons for your business to accept cryptocurrency

 

Everyone is getting involved with the cryptocurrency these days due to the increasing trend and enigma of it. It is important to understand why your business should accept cryptocurrency as payment. Here are the 4 important reasons that you must know:

  1. Advanced transactional security

The cryptocurrency payments have been supported on a blockchain platform with multiple levels of encryption to make sure that the funds are safe. This is the most beneficial feature as safety and security is the predominant thing when it comes to making transactions in a business. Also, another important feature that is provided is a quick real-time transaction which can happen in a few minutes that saves you a lot of time.

  1. Saves you a considerable amount of money

There is a lot of money spent on the processing of credit and debit cards for the transactions to take place. As the cryptocurrencies are decentralized, they don’t require any bank to carry out and verify the transaction. It is a very big advantage as it will help in saving a lot of fees that need to be incurred on every transaction that happens in a business in the long run. You can find out more about it on www.business.com

  1. Protection from fraud and theft

The main concern with the transactions that happen through wire transfers or credit and debit card is that they are highly prone to identity theft and fraud. But with the fraud happening every now and then due to advancement in the hacking business, business enterprises can suffer a great deal when such a fraud and hacking of client finances turn successful. With cryptocurrency, there is no such problem of any theft.

  1. The possibility of acquiring new customers

More and more people are learning and accepting cryptocurrency regarding investment solutions. While using cryptocurrency for business, your customers with become familiar with it and might even start using it. This can attract a wide range of customers and increase the chances for the growth of your business through purchases and follow-ups.

With all the given benefits and more, it is very crucial that you give the usage of cryptocurrency in your business for transactions and payment a viable thought.



4 ways to evaluate cryptocurrency before investment

 

Consumers are always excited about the new investment possibilities with cryptocurrency as it has taken the lead in the market these days. Every type of new cryptocurrency provides a wide range of opportunities for customers looking for investment options. In such a case it is very necessary to evaluate the cryptocurrency before making any considerable investment. Here are the 4 possible ways in which you can analyze a cryptocurrency:

  1. Looking into who is offering the cryptocurrency

Procuring information about the founding members of the particular crypto project along with an extensive research about the other types of projects that they would have undertaken in the past helps you get an insight about the future of the cryptocurrency. It will help you in assessing the potential that it withholds with the given project. This is a very crucial step to start with when you are planning for a hardcore investment in cryptocurrency.

  1. The activity of the development team

Constant activity of the development team is a sign that the team is striving to consistently work on the project and make it better than others through different strategies. Checking on how quickly and efficiently they have catered to certain issues can help you know the extent of activity maintained. Along with this, the size and experience of the team is also one factor that will help you analyzing its potential when it comes to making investments in the future.

  1. Knowing about the trading volume and liquidity

A higher trading volume is a sign of stability and low risk as it makes it easier to exit your position in the entire process of investment and transaction. It will make it possible for you to make sales and realize the gains that you have made. This is a very important factor to analyze when it comes to investment. Know more about it on www.strategiccoin.com

  1. Exchanges taking place

Taking a look at the exchanges that are happening is very beneficial as it can give you the information about the different cryptocurrencies entering the market. It can also help you in staying alert about the various scams. Investment in a cryptocurrency which is present in major exchanges can prove to be profitable.



Can Cryptocurrency Replace Fiat Money in the Future?

 

Since the dawn of cryptocurrencies, people have shown interest in this new form of money. Initially considered as a useless investment, each Bitcoin now cost over $6,500. It is pretty amazing that how an alternative form of money, which was first introduced in 2009, can get so expensive within a decade. The same thing applies to ETH, LItecoin, XMR, and other popular crypto assets. Yes these are digital assets, luring people from all across the globe to make a profitable investment. Experts believe that these cryptocurrencies can replace fiat in the future. Below are some of the key reasons behind those beliefs:

Growing interest in cryptocurrencies:

The cost of any product can increase pretty quickly if its demand increases and the supply is limited. That is what is happening with Bitcoin and that will happen with every popular crypto asset. These cryptocurrencies are available in limited quantities. Every individual wants to acquire some so that they can sell these crypto assets at a much higher price in the future.

People are now more inclined towards crypto assets and fiat seems less interesting because of the issues associated with it. Your identity is revealed when you make payments in fiat, hackers can steal your fiat money, but nothing like this would happen if you are using cryptocurrencies. That’s why people are now more interested in cryptocurrencies.

Businesses are accepting payments in cryptocurrencies:

Initially, nobody could have accepted payments in cryptocurrencies but things have changed now. A lot of retail outlets, online stores, casinos, restaurants, and other platforms are accepting payments in cryptocurrencies. It means now people have got options for spending their crypto assets and therefore they can buy more to spend more.

The best thing about crypto trading and cryptocurrency payments is that you can maintain complete anonymity while using your crypto assets. So, a lot of people find it more comfortable to deal in cryptocurrencies instead of spending their fiat money for buying products and services. It will eventually reduce the popularity of fiat money in the future because cryptocurrencies will be used for buying almost everything out there.



Signs that You Have Invested too Much in Your Crypto Portfolio

 

As with any market or type of investment, it can be highly tempting to invest large amounts of capital into cryptocurrency and the blockchain sector. After all, it is the future and we are bound to turn a profit, right?

Theoretically, this may be quite correct, the technology and the broadscale medium of crypto is certainly the future we are moving toward. In the future, there is every likelihood that the market overall will be trending in a vastly upward direction when compared with the present time. This does not however mean that every company you invest in within the sector will thrive. This is just simply not possible. Even within the most prosperous economies in the world, there are companies who fail every day.

Another point is, regardless of temptation, you should always adhere to the essential rules of crypto investing, or any type of investing, regardless of how you feel. This means, sticking to your budget.

Checking Your Holdings Constantly

This is a possible sign you have invested too much. Sure, in the early days, the novelty and curiosity will take over and that is perfectly fine. After time though, you should not feel the need to check your holdings all of the time and interfere with your daily life. If you feel this need then perhaps something needs to be tweaked.

Nervousness/Anxiety

Another telltale sign of over investing is your anxiety levels. This can usually point to one of two things, either you are too heavily invested and thus, always wanting to monitor the situation, or you just do not have a suitable personality to be a trader. This is common among many people and nothing at all to be ashamed of, but you should perhaps evaluate your position.

Shortage of Daily Cash flow

The clearest sign you have over-invested is if you find yourself suddenly cash-strapped in your day to day life. This should be something which you simply do not allow to happen and a situation which you should rectify with urgency if it occurs.

Solution

The cliché but true solution is: Only invest what you can afford to lose.



The Benefits of Attending Blockchain Conferences

With the rise of cryptocurrencies and the increasing adoption of blockchain technology, there have been a variety of other industries which have managed to spin off. One such industry is that of the meetings and conferences related to blockchain and cryptocurrencies. These can often be quite expensive to attend as either a company or individual. With that thought in mind then, what are the benefits of attending blockchain conferences?

Networking

These types of events are of huge importance when it comes to meeting new people in the industry. The value of attending a blockchain based conference is heightened even more since the industry is so new. Whether you are looking for work, passionate about the field, or thinking of running your own project, all can benefit from attending some of the year’s big blockchain events.

Investment

With so many new projects launching currently, the levels of competition among them is immense. We often hear about the huge numbers posted by successful ICOs, but, so many go under the radar without reaching their targets. This is why it is so important to attend big events. This will help investors put a face to the project, and help you become more involved in the community. All of these things should result in increased investment for the correct projects.

Establishing Trust

A huge current issue in the sector is trust. There are so many great projects out there, but by the same token, there are a huge number which are not genuine with their intentions. In order for key players within the industry to differentiate between these two things, attending a conference is always a good indicator.

Those who are just out to make a quick buck, more often than not, will not spend the money or time to attend conferences and face questions from investors. If you want your project to achieve its goals, one of the vital things you have to prioritize is to attend some of the major industry related events. This can be to exhibit your project or just get to network, either way, it can be pivotal.




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