Tag: business in Estonia

29
Aug

Cryptocurrencies are sharply cheaper, bitcoin down 9 percent

Odds of most popular cryptocurrencies resemble stairs from August 28. In half an hour on Wednesday evening bitcoin became cheaper by $ 600. The next two smaller stairs appeared in the next 12 hours.

Over the past 24 hours, the most important cryptocurrencies have seen a major discount. The bitcoin exchange rate fell by 9% during this time, and for one BTC on August 29 at 10 it was necessary to pay around 36.4 thousand PLN.

Similar trends can be observed for the other most popular cryptoactivities. Everywhere on the charts is clearly visible the quick sell-off, which took place around 8pm on Wednesday, 28 August. Ethereum got cheaper by more than 12 percent during the day, bitcoin cash by 10 percent, and litecoin by 12 percent. Slightly less lost XRP token used in the Ripple system – 8%.

11
Aug

The ways to invest in Bitcoins.

Bitcoin exchange (BTC) – the investor can set up an anonymous cryptocurrency account to buy and hold cryptocurrency through the BTC exchange. However, this carries two types of threat.   First, when we make transactions on the cryptocurrency exchange, our funds are not on our account, but on the exchange account. Unfortunately, the short history of cryptocurrencies already knows spectacular examples of crypto exchanges that have been closed overnight, disappearing along with investor funds. There are also examples of cryptocurrency exchanges that have been robbed by hackers.   Secondly, if we lose our login and password to the account or someone steals them from us, we will lose our cryptocurrencies irrevocably, without the possibility of applying for help. There is no place where we could ask to recover lost data or stolen bitcoins.

A different method of making profits from cryptocurrencies is data encryption. To start making money on cryptocurrencies, you can also buy specialized information encryption equipment and receive remuneration in the form of bitcoins for your contribution to the IT system. However, this requires specialized knowledge in the field of programming and selection of advanced computer equipment, which is not the cheapest.