Blockchain: The technology behind Bitcoins transforming businesses

Almost all of us have heard about Bitcoins or Bitcoin futures as the new age investment option. It has emerged as the flagship of cryptocurrencies. However, we need to understand that the blockchain technology goes beyond Bitcoins. Here, it is merely used to track transactions using this technology. Still, in its nascent stage, the blockchain technology can be used in several ways with a little adaption for making business operations efficient. 

There can be an endless list of business applications wherein blockchain can make immense contributions. It’s all set to change everything in the next five to ten years. It has the potential to make almost every aspect of our lives simpler and more comfortable. After all, it is a proven mathematical platform. 

In short, blockchain is a decentralized ledger of massive size maintained by various decentralized sources. There is no single authority that controls it, and the transactions are irreversible once executed. 

While cryptocurrency remains its most popular application to date, it can be used for almost everything from regulatory compliance to data management. Blockchain should not be limited to Bitcoins / Bitcoin futuresWe need to harness the full potential of this technology. 

Consider blockchain as merely not an evolved technology but revolutionary medium through which a paradigm shift can be brought in the way things work or are managed. It can be used to positively. It will impact almost all sectors of the economy. 

Let us understand it a little more with a few examples. 

Quality Assurance

When it comes to quality assurance, blockchain technology can be used to correct when things go wrong. Organizations can evaluate all components of their supply chain. It can be of great support when things go wrong and will help in identifying the triggers. Its definitive ledger will immediately recognize the problem. 

It almost like adding a foolproof mechanism to your quality assurance program.

Audits

With blockchain, you have a permanent record of transactions. For review in business organizations, it will be of great use. Blockchain creates an easy-to-follow trail for audits for internal as well as governmental departments. With it, you get accuracy and solution to the problem of pulling records from varied sources. 

With time blockchain will have more information and history to audit and will bring transparency in business. 

Supply chain management

With blockchain, you can track goods within and outside an organization all across the supply chain of a manufacturing organization. No matter how complex a supply chain is, blockchain will simplify and demystify things for you. As the product leaves the factory, blockchain will record the movements. Right from the warehouse and from the warehouse to the market. 

With the use of blockchain in supply chain management, businesses will have more visibility and clarity into their complex business processes. Adding transparency to business operations, it will align the business interests of a company with other participants in its supply chain right from the suppliers’ supplier to the customers’ customer. 

Stock trading

Securities and commodities trading have big promises from the blockchain. The stock exchanges can benefit a lot from it. The fundamental nature of blockchain technology will ensure that a process executed several days ago is finalized with ease in minutes, and the whole process stays streamlined. Blockchain settlements can happen automatically in an error free way and that too within a few minutes. 

Transactions and reimbursements

These two will remain the most common applications of blockchain technology. Transactions and payments will gain an immense boost in all aspects of this technology. Cryptocurrencies like Bitcoin and etherum have the blockchain technology to its core. The interest has gained significant momentum over the last couple of years in these currencies. People may have a different opinion regarding it. Some view it as a bubble about to burst while plenty of others feel that it is on its track to emerge as an alternative to fiat currencies. 

There is news that many central banks are exploring the possibilities of having a currency backed by blockchain technology. 

Blockchain adoption

Blockchain will eventually disrupt all conventional methods of transaction, record keeping and business operations. We will see mass adoption of this technique soon. No matter how skeptical a few people are, it is more likely to happen shortly. 

The adoption of this technology may take some time; all it requires is the development of applications. Without supporting certificates, it will not happen. Any approval of new technology cannot occur in a vacuum. 

The different stakeholders from various industries now clearly understand the benefits of blockchain, and with its applications available, all will be able to utilize its full benefits. 

The business world will soon realize how blockchain technology is not merely restricted to Bitcoins / Bitcoin futures but instead can revolutionize the way businesses operate. 

Ways to earn money with altcoin futures

How to make money with altcoin futures

If you are thinking about Investing in cryptocurrency is you are actually expecting to get better returns for the future. Cryptocurrency has become the talk of the town after the success of Bitcoin. Main alternative coins or altcoins are emerging in the market which is proving to be a tough competition for Bitcoin even then when you want to make money with all kinds of cryptocurrencies you need to know certain things so that you can function better without making subtle mistakes. 

Making money with crypto currency is here is the market where all going up. Coin holders did manage to get really high returns when that was the case but because the market is a very volatile one you need to be careful about what you are doing. The landscape for cryptocurrency market has changed over the last few years and it has turned into a long game. But now you can’t expect to get huge profits quickly anymore. Here are a few tips to make money with altcoins or cryptocurrencies.

Buying low and selling high is the rule among all asserts traders and cryptocurrency is no exception. As a matter of fact many traders made huge profits by purchasing asserts when are in there initial ICO value followed by selling them really early afterwards. It is not known if the Bitcoin prices have bottomed out or if it will continue to hold its platform. Cryptocurrencies are still new to people. Therefore never trade more than you have to pay to lose. Investing a large amount and it doesn’t work out you are going to lose as much.

Next you have to remain up to date so that you don’t miss out or lose on any prices spikes. You have to keep up with the market everyday as this sector never sleeps. You can use trading bots which can help you to follow the game automatically. You should follow forums industry media and social markets to keep up with the updates announcement which will ultimately benefit you. You can also tried day trading which can be split into several categories. The two main ones are spot and margin trading. The most common day trading is spot trading which means you can make money on your acid by trading and for another. Margin trading is available on exchanges as well. One of the most notable exchanges is Bitmex. This basically lets you to borrow money for free sunny when offers up 100 X leverage.

Next you should also learn to trade futures. There are many cryptocurrency future exchanges that will let you try your hand at trading futures contracts. Even in a beer market when the price of the BTC false future trading can provide a way to make money by trading cryptocurrencies.10 words in a forum of a contract which is between a buyer and seller with specifies the exchange of the underlying cryptocurrency assert. The prices are pre determined on a future date. As for the future you can either go long or short. However this can be a very tricky sector to handle if you are a novice in this.

Trading cryptocurrencies to make money is not a really easy game. Is no exact science and there are certainly no guarantees as well. It is so unpredictable and volatile that you really need to do your own research so that you can proceed without making mistakes. Ultimately it is up to you about how you want to trade your trip tours and where you want to tread them.

Should I Buy Bitcoin In 2020?

If you’re asking yourself this question now, chances are you’ve heard about Bitcoin before but you didn’t want to invest in it because of doubts and fear. Or perhaps you feel left out as everyone else around you has already invested in Bitcoin and you are wondering if it’s too late for you to be a part of the digital of transactions. Bitcoin had reached its peak back in 2017, and you didn’t invest in it back then, I’d say now is a good time. 

A big misconception that people might have is that it comes with a guaranteed return. It’s not always like that. You cannot be promised to become a millionaire overnight (although even that is possible). You may face loss or you may become rich. Bitcoin is funny with it’s uncertainty that. 

In 2017, it had peaked $20,000 per bitcoin but within a span of twelve months it fell down to an enormous 80% of it’s peak shocking many and eventually scaring people off. In the next few months, there was a steady rise in its value. In the last two weeks, the value dropped by 6% only but it might as well rise up again. According to the Tom Clee, the co-founder of Fundstrat, 2020 will be a great year for Bitcoin due to various factors. 

These fluctuations have made traders worry, but it’s only a fair part of worldwide trading. Bitcoin has had worldwide acceptance and adoption as a common digital currency. Many organisations and payment gateways across the world recognise it’s validity. Over the past teo years, the security and safety of the online transactions have been tightened due to regulatory measures taken by both the institution and the government which has made it very relaible. 

In 2019, Bitcoin (BTC) is trading at $8,673.1153 . It reached a peak of almost $9,190 around mid Jan 2020. So far, Bitcoin has already proven to be one of the  best investments of the year. Although there are few economist, like Peter Schiff, who say no foreign capital will.be entering Bitcoin space, the trust bestowed on Bitcoin still remains unshaken. 

The thing with Bitcoin is, you want to buy low and sell high, rewarding yourself with a good amount of profit. So if you want to do it, go for it. There are many sites offering Bitcoins. For example, Coinbase- it is the biggest and most respected Bitcoin platform in the United States. It offers both an exchange and wallet in one, making it one of the easiest places to start with Bitcoin. 

Then there is Robinhood, which started as a fee-free stock brokerage and recently became a part of digital currencies. The best part about it is that Robinhood doesn’t charge you any fee You can buy and sell Bitcoin and other digital currencies completely fee-free on this platform. There are many other such options available to you, in case you want to buy. 

The truth is, no one can give a 100% affirmative answer to the question. If you want to buy Bitcoin this year, you can go for it. However, you should not spend more money on it than you can afford to lose. Just stock market, the digital marketing world is also like roller coaster. So what matters is , you invest wisely in it.

Therefore,  it is only logical, to say  that there is no exact right time to invest in cryptocurrency, expect for it’s peak, which some experts suggest would reach $20,000 in 2020.  Now all you have to do is, make up your mind and take the first step!

Is ripple a good investment?

In terms of crypto asserts, ripple is certainly a prominent one as it currently ranks as the third largest crypto currency in the market. The platform is developed by ripple labs. The real intent or purpose of ripple is to provide a gross settlement system to enable cross border currency or asset transfer for financial institutions like banks, exchange and payment providers. It provides liquidity using the blockchain technology.

The main aim of ripple is to provide a system which enables secure and nearly free global transaction for any size with no charge backs. Ripple’s main targeted audiences are the international banks which can hold a large amount of XRP for instant transaction. However even though ripple’s main target audience is the bank even common people can use ripple for money remittance purpose.

Ripple’s native token which is XRP has a future supply of around 100 billion tokens. However it cannot be classified as a deflationary token. Practically, ripple is not exactly a crypto currency since it has a centralized and permissioned structure. It does have external validators. You must realize that ripple technology doesn’t necessary need XRP tokens to functions. If any common bank or entity is willing to use it they can do so without buying or holding XRP token in reverse.

However you are not at loss as the XRP tokens have severe volatile value. If you want it to be useful you need to have a large number of tokens. However it is true that crypto currency does have the potential to replace our traditional Bank payments. It is surely better suited for the purpose. Even though the whole technology is revolutionary and has much potential; it is not the same case for the tokens. In fact the value of crypto currency has not been on the climb since the end of 2018. The value of ripple went from $3 per coin to 20.30 USD at the end of 2018.

The value is also not expected to grow at an alarming rate even in 2020. It is predicted that the value is going to be between 0.30 dollars and $1. It is true that ripple outdid both Bitcoin and Ethereum. There are also many banks and countries that are slowly starting to see the potential of ripple currencies. The whole technology is actually very ideal for banking system. It is also a strong point that the blockchain technology cannot be tampered with or changed in anyway.

This means that the whole network is a much secured one. However you must remember that ripple’s native token XRP aren’t equity shares. This means that only buying the token doesn’t give the holder any stake in the company’s profit. It is also true that there is no significant use of the technology as of now at a worldwide stage.

If ripple wants to continue in the world market it needs to add more bank and increase the ease of access to XRP so that people can use it at the everyday basis. Only this can make the future of ripple a stable one. After all, the technology is good enough and at the end of the day it is a good technology driven platform which can help in shaping the future payment methods. However if you are still interested in investing in ripple it is advised to do your own bit of research. Remember crypto currency market is a very volatile one and you should double check on every step you make.