Good Reasons to Use Crypto-Currency Bitcoin

Bitcoin is a comparatively new type of currency that has just started to strike the mainstream markets.

Critics state that using Bitcoins is unsafe because -

They have no authentic value
They are not regulated
They can be used to make illegal transactions
Still all the major market players talk about Bitcoins. Below are some good reasons why it is worth using this crypto currency.

Quick payments – When payments are made by using banks, the transaction takes some days, similarly wire transfers also take a long time. On the other hand, virtual currency Bitcoin transactions are generally more rapid.

“Zero-confirmation” transactions are instantaneous, where the merchant accepts the risk, which is still not approved by Bitcoin block-chain. If the merchant needs an approval, then the transaction takes 10 minutes. This is much more rapid than any inter-banking transfer.

Inexpensive – Credit or debit card transactions are instant, but you are charged a fee for using this privilege. In the Bitcoin transactions, the fees are usually low, and in some cases, it is free.

No one can take it away – Bitcoin is decentralized, so no central authority can take away percentage from your deposits.

No chargeback – Once you trade Bitcoins, they are gone. You cannot reclaim them without the recipient’s consent. Thus, it becomes difficult to commit the chargeback fraud, which is often experienced by people with credit cards.

People purchase goods and if they find it defective, they contact credit cards agency to make a chargeback, effectively reversing the transaction. The credit card company does it and charges you with costly chargeback fee ranging from $5-$15.

Safe personal details – Credit card numbers get stolen during online payments. A Bitcoin transaction does not need any personal details. You will need to combine your private key and the Bitcoin key together to do a transaction.

You just have to ensure that your private key is not accessed by strangers.

It is not inflationary – Federal Reserve prints more dollars, whenever the economy is sputtering. Government injects the new created money into the economy causing a decrease in currency value, thereby triggering inflation. Inflation decreases people’s power to buy things because prices of goods increase.

Bitcoins are in limited supply. The system was designed to quit mining more Bitcoins on reaching 21 million. This means that inflation will not be an issue, but deflation will be triggered, where prices of goods will fall.

Semi- anonymous operations – Bitcoin is relatively private, but transparent. The Bitcoin address is revealed at the block-chain. Everyone can look in your wallet, but your name will be invisible.

Easy micro-payments – Bitcoins allows you to make micropayments like 22 cents for free.

Substitute of fiat currencies – Bitcoins are good option to hold national currencies experiencing capital controls, and high inflation.

Bitcoins are getting legitimate – Major institutions like the Bank of England and Fed have decided to take Bitcoins for trading. More and more outlets like Reditt, Pizza chains, WordPress, Baidu, and many other small businesses are now accepting Bitcoin payments. Many binary trading and Forex brokers also allow you to trade with the Bitcoins.

Bitcoin is the pioneer of new crypto-currency era, the technology that gives you a peek into future currency.

At ForexMinute, we provide accurate reviews on the top brokers that allow you to trade Bitcoins on their platforms. You could also access some of the most helpful online tools to make smart trading decisions.

Nano Coin Compared With Nexty Coin – Crypto

Nano and Nexty: Are these the real and practical cash alternatives? Let’s find out!

Blockchain isn’t a hip geek-talk anymore! Bitcoin revolutionized the way many of us saw currencies, ledgers, funds transfers and transactions. The beauty of all virtual currencies is that nearly each one of them tries to address a problem. And this is where our coin of interest – Nexty – comes in action. During the write-up, the similarity of the Nexty platform will be compared with Nano – XRB to gain a better understanding of this platform.

In very simple terms, Nexty platform is pitched as a transaction system that will eliminate the concept of transaction fee while ensuring ultra swift transfers to facilitate its users. Apart from this, the transfers are ultra quick because the transactions don’t require the miners to perform confirmation as in the case of other virtual currencies such as Bitcoin etc.

However, as per the white paper released by creators of Nexty, the primary usage of Nexty is meant for newly established e-commerce businesses to help generate public funding. Since there are no transaction, ultra fast transfer (2 seconds! And that’s pretty much real time) and confirmation fee, the fund-raising will become hassle less. The coin is surgically targeting the ecommerce stores because that will cultivate an eco-system where these stores will be accepting NTY coins from shoppers.

The concept behind NTY is making daily online trades a smooth experience. The team behind NTY comprises of Blockchain developers and established marketers. Some of the team members have ten to 12 years of experience in full stack development and marketing.

Some of you might argue that Nano – Previously known as Railblocks, XRB – is already performing the same functions as NTY. The XRB coin is a bit unique because it uses its proprietary block-lattice data structures. Due to this, each Nano account has its own blockchain which reduces latency for fast transfer. Apart from this, the XRB is power and resource efficient and doesn’t need high end GPU system for transaction execution. However, Nano doesn’t come with a smart-contract capability. Smart contracts are meant to be exchanging triggers for any crypto currency. These contracts help exchanging funds, real estate, stocks or any tangible or non tangible entity of a financial value. The smart contracts also oust the need for brokers while carrying our crypto to asset exchanging flawlessly. Apart from this one difference, NTV and XRB (Nano) are more or less identical. Another major capability of the Nexty platform is its integration within existing ecommerce applications such as Joomla. As per the developers of NTY, the integration takes 3-4 hours max.

In order to achieve a demand – supply balance of the NTY, the platform comes with a built-in smart staking program. This program offers bonuses and credits on buying, selling and holding Nexty. The system is meant for investors and daily users as the same time.

The capability of the Nexty and Nano platforms are huge. Just imagine a world where crypto replaces conventional wallets and transactions are quick! For instance, if a shop keeper accepts BitCoin, it might not hand you over the goods and service before the transaction is confirmed by a number of minors. And now re-imagine paying for goods and services through a currency that’s quickly transferred with zero transaction fees independent from any minor verifications!

What Might Be Next In The Economy?

Since, we don’t have a crystal ball, it is impossible to predict, accurately, the future! This is especially true, when, it comes to economic issues, including investment, real estate, interest rates, inflationary pressures, government actions, international factors, etc. What are the ramifications of inflation, recession, interest rates, Federal Reserve Bank decisions, etc? How can one, hedge – his – bet, in order to minimize unnecessary risks, while receiving a quality return, also? There is no simple answer, because so many factors, have significant influences. With, that in mind, this article will attempt to briefly, consider, examine and review potential factors, in order to help readers, have a more – complete understanding of the possibilities.

1) Interest rates: We have experienced a prolonged period of historically – low – interest rates. This has created easy money, because the cost of borrowing is so low. Both individuals and corporations have benefited, at least, in the immediate- term, permitting home buyers to purchase more house, because their monthly charges, are low, due to low mortgage rates. Corporate and government bonds, and banks, have paid low returns. It has stemmed, inflation, and created a rise in home prices, we haven’t witnessed, in recent memory. The Federal Reserve Bank has signaled they will be ending this propping – up, and will also raise rates, probably three times, in 2022. What do you think that will cause.

2) Auto loans, consumer loans, borrowing: The auto industry has been, significantly, impacted by supply chain challenges. When rates rise, auto loans and leases, will be more costly.

3) THis pattern began after the Tax Reform legislation, passed at the end of 2017, which created the initial, new, trillion dollars deficits

4) Government spending, caused by the financial suffering and challenges, because of shut downs, etc, because of the pandemic, created trillions more in debt. Unfortunately, debt must be eventually addressed.

5) Perception and attitude: The past couple of years,apparently, created a public perception, plus many fears, with a crippling economic impact.

Either, we begin to plan, effectively, and with common sense and an open – mind, many will be at – risk. Wake up, America, and demand better leadership, service and representation.

Some Dangers From Pandemic Fatigue

Open your Bible to 1 Thessalonians 4:1 it says… Finally, then, brothers, we ask and urge you in the Lord Jesus, that as you received from us how you ought to walk and to please God, just as you are doing, that you do so more and more. Go ahead and highlight that scripture.

Will you trust God to teach you in the way you should go? You need wisdom to live for His righteousness, His love and devotion to Christ Jesus. You see, you have to develop the habit of listening to God. He may give you direction you have never had before. Like what? God wants you under the influence of His Word. God wants you to live by godly principles in His Word.

God wants you to give Jesus first place! This is vital for your Christian walk! Jesus is your connection to the throne of God. You see, in this world, it is very easy to become distracted from God. Many people follow some other path apart from God’s will. But the foundation of all spiritual truth is obedience to God through the power of the Holy Spirit.

The Bible tells you to praise the Lord! He is truly worthy of worship. Love no one not even yourself – more than you love God. Every morning you should be asking God to fill you with His presence. You want to be filled by the Spirit so that you’re led by Him. You love the Word, study the Word and learn the Word. Why? To live your life to please God. His Word is true wisdom for you to walk in His instructions.

If you want to live your life to please God give His Word a place of first priority! Scriptures will come alive on the inside of you. You’re knowing God for yourself and the importance of being led by the Spirit of God. Many people won’t like the new you, but you’re not living to please people, you’re living to please God.

You don’t need people approval when you have God’s approval! You want the praise of God more than the praise of people. Quit worrying about what everyone thinks and do what God has put in your heart.

God will put a new testimony in your mouth! You may think there is a lot wrong with you, but there is also a lot right with you. God is continually shaping and molding into the person He wants you to be. Stop focusing on what you can’t do, and start focusing on what God can do.

Serve God and worship Him and continue to seek His will. How? You have to establish a passionate relationship with God’s Word. Believe His Word, trust His Word, study His Word, thank Him for His Word. But always remember the devil will do everything he possibly can to lure you away from God. The devil does not want you to grow in the knowledge of King Jesus.

Many people never seriously read the Bible! But you need to be a student of God’s Word and doer of God’s ways. Be a Christian that reads scripture and prays. The Holy Spirit won’t adjust to you, you must adjust to Him! Use your voice to worship Him and lift up the name of Jesus! Now, raise your hands and say, “I live to please God, more and more!”