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What I find rather moronic about the FUD that scaremongers people about Bitcoin is they don’t seem to be able to tell the difference between Bitcoin and the Crypto Space. Are they saying people are too stupid to even look for themselves? Are they too lazy to inform people about the fact that Bitcoin is a currency and only a small piece of the Crypto Space?
As I look at the media coverage and it’s a bit like people calling for the end of the world as we hit the year 2000 but then when it passes they simply move the goalposts and ignore that everything they said was wrong in the first place in the past. One thing I have realized over the last 15 years is how manipulated the media is and how difficult it is for people to see the reality from the fiction that is why there is this torquebot review that shares the bitcoin reality with you.
Bitcoin isn’t coming to an end and if anything it’s very likely to experience some upgrades at some point. At the same time even Bitcoin Cash which is a coin I have to admit I am no fan of how it has been manipulated it has found a space in the Crypto markets. As quite simply there is not one entry coin into Crypto but multiple something that isn’t discussed by the FUD pushers relating to Bitcoin. If you asked me which coins people use it would be Ethereum, Litecoin, Bitcoin, and most recently Bitcoin Cash, and even now Coinbase is looking to add more coins to its arsenal for 2018. Although there have been some issues relating to allegations of insider trading for Bitcoin Cash (another reason I am not a fan of it and some of the people supporting it, is they do seem to manipulate things for personal benefit). Yet if you look at the bigger picture Coinbase has been around since 2011 and its major movements and developments like many others in Crypto has occurred in 2017.
The reality for mainstream media and its supporters is that Crypto is evolving into a much larger entity with some real reach. It is no longer confined to being difficult to transact in and out of Crypto to FIAT which was a major problem previously but now we are seeing the rise of things like BonPay, BitPay, TenX, and markets being able to move more types of Crypto in and out of FIAT. This also means we are seeing the rise of the usage of Crypto. If the mainstream media wanted to talk about some facts they should have first considered why there is a huge jump in the value of Bitcoin even if it doesn’t want to talk about the much broader picture of Crypto Space. Which in reality is very, very simple more people are using it. The demand isn’t coming from speculation driven in the sense of holding Bitcoin but actually in its movement and usages. You only have to look at the number of constant transactions of Bitcoin to see how busy it has become. If anything the problem with Bitcoin right now is it can’t cope with demand. Simply visit this site and looking at the traffic will give you an idea of what I am talking about – https://blockchain.info/unconfirmed-transactions
The Crypto space is very active as such the demand for Bitcoin for buying, selling, trading and holding is going up. Along with everything else in the Crypto Space we are looking at the evolution of what “was” possibly a fad into something far more mainstream along with corporate evolution. New businesses are being formed without the binds of restrictive red tape and yet these same entities may become the downfall of some more traditional businesses because they aren’t wrapped up in layers of documents and lawyers to get formed. Initial Coin Offerings (ICO’s) and Initial Token Offerings (ITO’s) have come of age and along with them more stabilizing entities in the Crypto Markets.
Yet I hasten to add that even this is only what we currently see as the Crypto Space is a bit like a mechanical computer that has yet to experience Micro Processing and electronics. Bitcoin is the first generation and we are moving into a whole new realm as people see more possibilities the broader the opportunities will become.
One thing is for sure though Bitcoin is not the Crypto Space and even without Bitcoin, the Crypto Space would continue although what I suspect is likely to happen is what is happening already. As Bitcoin feels the strain of demand people are moving onto other coins and with it the market continues to expand. Yet Bitcoin won’t simply disappear because if it ever did go back to being “quiet” the fact that it is would simply raise demand again. Right now though I am expecting Bitcoin to head through $25,000 in 2018 and I expect many of the investments I have forecast for 2018 already to outperform my conservative estimates. Not only because demand is growing but also many are coming from idea to project and now into real-world solution.
Foreign currencies keep fluctuating every day and trading currencies is considered to be one of the most lucrative ways to earn money. Trading currencies is popular throughout the world and you too can become a part of millions of people who are indulging in trades by following this guide on how to start Forex trading with the help of the Best Trading Platforms.
How to start Forex trading and open a Forex account
Opening a Forex trading account is the first step in trading. The trading market has made it necessary to open up a Forex account to be able to trade just like the equity market requires a Demat account. While you are setting your foot into Forex trading you should take some tips on how to start Forex trading and have a deeper understanding of how the market works before making your first trade. Opening the right account is also highly important and you should look at the features on offer before selecting a particular trading account. Many financial institutions offer additional features that assist in trading and help you trade and make the right decisions. You may also get special brokerage services for better trading decisions.
If you ask anyone for Forex trading tips when you start out, everyone will state the importance of leverage. The more leverage you have the higher the risk and the higher the returns. Leverage is known as the ability given to the account holder to control huge amounts of capital while using very little of his own. The amount of leverage can vary greatly. When you learn how to start Forex trading you will realize the importance of Leverage. You may get leverage of up to 50:1 on your capital if you are a good trader and it may go up to even 250:1. It means that for every dollar of capital you have in the financial institution where your Forex account exists you can control up to $250. If you have a leverage of 100:1 and have a capital of $1,000 when opening a Forex trading account you have the ability to control $100,000
Leverage is one of the biggest advantages of Forex trading. It allows you to make massive gains without needing to invest too much money. Whenever you ask for Forex trading tips you will often be told that leveraging is highly essential if you want to be successful as a trader. You also do not have to worry about incurring losses because most companies automatically stop your account from going negative but if you do incur huge losses you will have to repay the amplified amount based on your leverage percentage. You should know how to take calculated risks before indulging in investments due to the fact that your liabilities are increased as per your leverage percentage and not just the amount of investment you make. You should consider trading using virtual currency before committing to trading full time with a real money account. It will help you be prepared and know your current skill level before setting your foot in the Forex trading world.
Commission and Fees
When opening a Forex trading account your will be surprised at the fact that you do not need to pay any kind of brokerage or fees because unlike equity accounts you are directly dealing and there are no middlemen involved the question of paying any kind of brokerage or commission. Every time you make a trade the market makers receive the spread between the two parties and you do not have to pay anything in the process. It is the market that directly captures the difference. When looking around for Forex trading tips you will learn about the fact that there are no commission and fees involved and will feel it’s too good to be true, but that’s how it is.
It is to be noted that all firms have different spreads on the pairs of currencies traded, but they won’t differ by much. If you will trade in bulk, it does matter so you need to do the intricate calculations to find out which firm can offer the best value for money trades.
There are some other miscellaneous factors that you need to consider based on what kind of accounts you are looking at. You have to consider the various services and programs firms offered by Forex trading companies before setting up your account. Many firms might be restrictive and might have too many regulations, while others may offer more freedom. You might also want to trade with virtual currency before going ahead with a real account.