stid1103group10-blog

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1) Current price of cryptocurrency. There is a lot of website you can check the latest price of bitcoin. For example, https://coinmarketcap.com/. Knowing the cryptocurrency's current price is one important thing to check it will be going up or down in the future. 2) Ways to predict cryptocurrency price trends. Predicting the price movement of cryptocurrency is a risky probabilities game. Trader will be using risk to reward ratio to do their trades. There is two ways to predict the price movement, which is fundamental analysis and technical analysis. Fundamental analysis is a method of evaluating a security in a attempt to measure its intrinsic value, by examining related economic, financial and other qualitative and quantitative factors. Technical analysis is an analysis ways to forecast the direction of prices through the study of the past market data, primarily price and volume. Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #bitcoins #cryptocurrency #STID1103 #computerapplication #group10

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ADVANTAGES OF CRYPTOCURRENCY 1) Fraud 2) Identity Theft 3) Immediate Settlement 4) Access to Everyone 5) Lower Fees Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #bitcoins #cryptocurrency #STID1103 #computerapplication #group10

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How does cruptocurrency work compare to E-money? 1) Transaction Cryptocurrency- Owner goes to any authorised online cryptocurrency exchange platform to convert their currency for cryptocurrency and stores them in cryptocurrency wallet. E-money- Owner exchange the equal amount of their currency for e-value stored in mobile wallet. 2) Submitting Payments Cryptocurrency- To make a perchase, a request will be sent to Bitcoin network E-money- The money can be transfer from one owner to another owner immediately. 3) Verifying Transactions Cryptocurrency-For example, Bitcoin is using a block chain to verify every transaction. It will take average 10 minutes to verify it. Upon verification, data is broadcast to all users and the ledger is updated. E-money- Owner will receives an SMS to verify the transaction. The E-money issuer will keep all the records of transactions and customer balance. Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #crytocurrency #bitcoins #STID1103 #computerapplication #group10

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Ecosystem risk of cryptocurrency 1) Exchange Risk. Exchange of cryptocurrency between few accounts are facilitate by computer programmes. Software is prone to bugs, being hacked and of not being used as intended. All this can cause financial loss. 2) Pump and Dump Groups. Cryptocurrencies are unregulated. There are some group of people who pump and dump specific cryptocurrency. Individuals can pay a specific amount of fees to join the pump and dump group. 3) Scams. The crypto space is frequently compared to the wild west. These scammers are getting better and better at it. Some are outright scams and others are scams masquerading as the real deal. 4) Cryptocurrency Mining. Proof of cryptocurrencies mining is depend on the miners. Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #cryptocurrency #bitcoins #STID1103 #computerapplication #group10

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Digital money can potentially expand international commerce, support financial inclusion, and transform how we shop, save and do business in ways we probably cannot even yet fully understand. From programmable money to new forms of e-commerce, here are five ways the new technology will change the world: 1.Faster, cheaper bank transfers 2.A boost to global remittances 3.Safe money for the poor 4.Unleashing the potential of e-commerce 5.Programmable money and smart contracts Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #cryptocurrency #bitcoins #STID1103 #computerapplication #group10

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How Do Cryptocurrencies Work? https://youtu.be/dcQCa4Ctkcc Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #crytocurrency #bitcoins #STID1103 #computerapplication #group10

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Is Cryptocurrency is a Real Money? Yes, cryptocurrency is a real money. Since cryptocurrency is new to most of the people, it will take time to be accepted to world wide. This is where Bitcoins has been instrumental in paving the way for this new technology. Website like newegg take Bitcoins along with the other traditional payment methods. Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #cryptocurrency #bitcoins #STID1103 #computerapplication #group10

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Disadvantages of Bitcoins 1. Lock of awareness 2. No physical form 3. Bitcoins are not widely accepted. 4. Wallet can be lost. 5. No valuation guarantee. Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #cryptocurrency #bitcoins #STID1103 #computerapplication #group10

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How does blockchain work? The blockchain is like a bank, where it will record all of the transactions and balances of cryptocurrency. Each transaction will be digitally signed to ensure its authenticity. So, the ledger itself and the existing transactions within it are assumed to be of high integrity. When a new transaction is made, majority of the nodes within a blockchain implementation must execute algorithms to evaluate and verify the history of the individual blockchain block that is proposed. If majority of the users trying to solve the puzzle all submit the same transaction data, then it comfirms that the transactions are correct. Cryptographic will be controlling the security of blockchain. Each block is connected to the data in the last block via one-way cryptographic codes called hashed which are designed to make tampering with the blockchian very difficult. Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #crytocurrency #bitcoins #STID1103 #computerapplication #group10

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How Can We Own Bitcoins/Cryptocurrency. 1. Investing- this is the most common way for retail investors to get in on the action, by simply opening an account and purchasing the coins. Some of the common platforms are Bittrex, Coinbase, and Coinhako(Singapore based) and it is not hard to open an account and take a nibble. The challenge here is making sure you do not end up buying at the high, so take advantages of price dips(usually happens when there is some negative news about cryptocurrency) to accumulate more coins. All coins that are not Bitcoins are known as altcoins. 2. Trading Derivatives- If you are more interested inprofiting from the short-term movements in bitcoins, then you can use derivative instruments that track the price of bitcoins/altcoins. For example, products like CFDs(contact for differences). The price of the derivative will track the price of the coin, moving up and down in sync with the actual price of Bitcoins/altcoins. So, by buying or selling the derivative you can profit from the price moves without actually buying or owning any. To di this well, you will need to know how to read charts and price action. 3. Lending out- Lending is perhaps the oldest way to use money. Basically, you loan out money to a relevant party and they pay you back with interest. Interest wate will vary with the risk involved. If you get collateral in exchange for your loan, interest rate will be low. No collateral means higher risks, bit it also means higher interest rates. So,if you have already purchased some Bitcoins, you can loan them out for some extra interest instead of just keeping them in your account. For now, only bitcoins are in high enough demand to do lending. Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #cryptocurrency #bitcoins #STID1103 #computerapplication #group10

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3 Transactional Characteristics of Cryptocurrency. 1. Irreversible- the transaction that made by the owners once confirmed cannot be reversed. If there any mistake of transaction, you cannot do anything for it. 2. Instant- owners can do transaction instantly using network and can be confirmed in few minutes. 3. Secure- cryptocurrency used cryptography for security purposes. Cryptograhy will locked the funds using public key and private key owners can send cryptocurrency. So, it is impossible to break this scheme of the cryptography security process. Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10 #cryptocurrency #bitcoins #STID1103 #computerapplication

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There are things that you can do with cryptocurrency😀 #STID1103 #Computerapplication #group10 #uum #cryptocurrency #bitcoins

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What is Cryptocurrency? Cryptocurrency is a digital currency in which encrytion techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Blog & Social Media Account Wix https://cryptocurrencyuum1.wixsite.com/cryptocurrencyuum1 Youtube Video https://www.youtube.com/watch?v=yaJDrek7aTs Facebook https://www.facebook.com/cryptoouum.assignment Instagram https://www.instagram.com/bitcoins_group10/ Tumblr https://www.tumblr.com/blog/stid1103group10

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