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Cryptocurrency Market Surges to $365 Billion, Start of a …

Throughout this week, as CCN reported, the cryptocurrency market has been eyeing a move towards the $350 billion region. Earlier today, on April 20, strong performances of major cryptocurrencies like bitcoin and Ethereum have led the valuation of the cryptocurrency market to surge to $365 billion.

Throughout 2018, amidst extreme volatility and recovery, investors inclined towards bitcoin as the safe haven asset. With the deepest liquidity and largest volume in the global market, bitcoin was able to sustain some stability while many cryptocurrencies recorded a free fall. Most assets declined by more than 80 percent from their all-time highs and struggled to record gains against bitcoin.

Over the past seven days, alternative cryptocurrencies (altcoins) and other major cryptocurrencies have consistently reported gains against the most dominant cryptocurrency in the market. The daily trading volume of the global cryptocurrency market crossed the $20 billion mark for the first time in April and the valuation of the market achieved a new monthly high.

In March and early April, investors were skeptical towards investing in cryptocurrencies other than bitcoin and Ethereum because they were uncertain about the short-term future of the cryptocurrency market. While altcoins tend to have intensified movements on the upside, it also has larger movements on the downside, and investors thought the risk was not worth taking.

Traders have started to take more risk than before by investing in cryptocurrencies like Ripple, Zilliqa, Nano, OmiseGo and others. As the volumes of altcoins across major exchanges surged, altcoins began to outperform bitcoin on a weekly basis, and it is possible that ERC20 tokens outperform major cryptocurrencies on a monthly basis by the end of April.

The next major target for the cryptocurrency market is the $400 billion mark and by surpassing that threshold, the cryptocurrency market would achieve a two-month high. At this juncture, it is safe to conclude that bitcoin has bottomed out at $6,000 and the market has begun a rapid recovery to its previous levels.

If the bitcoin price breaks the $9,500 level in the short-term, ideally within the next week, it is entirely possible that the cryptocurrency market surpasses $400 billion within April, in the next 10 days.

The Relative Strength Index (RSI) of bitcoin is in the 57 range and is signifying a neutral zone. Bitcoin is neither oversold or overbought based on current levels, as demonstrated by two momentum oscillators RSI and Williams Percent Range.

Both simple and exponential moving averages are indicating buy signals for bitcoin, as it continues to gain strong momentum. From this point, traders are expecting the bitcoin price to cross $8,500 and potentially make its way into the $9 billion region.

Non-ERC20 tokens like Ripple and Verge were the best performers on April 20, with solid 20 percent gains. Both Ripple and Verge have performed strong against bitcoin throughout April and they are continuing to build momentum against bitcoin and Ethereum.

Featured image from Shutterstock.

The post Cryptocurrency Market Surges to $365 Billion, Start of a Bull Rally? appeared first on CCN.

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Cryptocurrency Market Surges to $365 Billion, Start of a …

What Is Cryptocurrency? – dummies

By Tiana Laurence

Part of Blockchain For Dummies Cheat Sheet

Cryptocurrencies, sometimes called virtual currencies, digital money/cash, or tokens, are not really like U.S. dollars or British pounds. They live online and are not backed by a government. Theyre backed by their respective networks. Technically speaking, cryptocurrencies are restricted entries in a database. Specific conditions must be met to change these entries. Created with cryptography, the entries are secured with math, not people.

Restricted entries are published into a database, but its a special type of database that is shared by a peer-to-peer network. For example, when you send some Bitcoin to your friend Cara, youre creating and sending a restricted entry into the Bitcoin network. The network makes sure that you havent not the same entry twice; it does this with no central server or authority. Following the same example, the network is making sure that you didnt try to send your friend Cara and your other friend Alice the same Bitcoin.

The peer-to-peer network solves the double-spend problem (you sending the same Bitcoin to two people) in most cases by having every peer have a complete record of the history of all the entries made within the network. The entire history gives the balance of every account including yours. The innovation of cryptocurrency is to achieve agreement on what the history is without a central server or authority.

Entries are the representation of cryptocurrency.

Cryptocurrencies are generated by the network in most cases to incentivize the peers, also known as nodes and miners, to work to secure the network and check entries. Each network has a unique way of generating them and distributing them to the peers.

Bitcoin, for example, rewards peers (known as miners on the Bitcoin network) for solving the next block. A block is a group or entries. The solving is finding a hash that connects the new block with the old one. This is where the term blockchain came from. The block is the group of entries, and the chain is the hash. Hashes are a type of cryptologic puzzle. Think of them as Sudoku puzzles that the peers compete to connect the blocks.

Every cryptocurrency is a little different, but most of them share these basic characteristics:

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What Is Cryptocurrency? – dummies

cryptocurrency | Definition of cryptocurrency in English …

nounPlural cryptocurrencies

A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation

More example sentences

Early 21st century: from crypto- + currency.

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cryptocurrency | Definition of cryptocurrency in English …

CryptoCompare.com – Live cryptocurrency prices, trades …

CryptoCompare.com – Live cryptocurrency prices, trades, volumes, forums, wallets, mining equipment and reviews | CryptoCompare.com

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CryptoCompare is the perfect place to learn about crypto currencies and start tounderstand some of the fundamental concepts behind the blockchain.

The Winning Poker Network (WPN) was founded in 2001 and has been accepting players from the U.S. and the rest of the world ever since. They are currently ranked the 9 th largest network in the world and are the industry leader in cryptocurrency adopt

The Winning Poker Network (WPN) was founded in 2001 and has been accepting players from the U.S. and the rest of the world ever since. They are currently ranked the 9 th largest network in the world and are the industry leader in cryptocurrency adopt

A new project focused on changing the domain and website industry landscape, Dynatiq is a blockchain-based domain, websites, and businesses marketplace aiming to mitigate the poor management, the lack of feedback and low transactions security problem

El Petro is the first cryptocurrency to be issued by a federal government. According to the Venezuelan government, el Petro is an oil-backed token issued as a form of legal tender that can be used to pay taxes, fees and other public services/needs.

As the gaming industry, and the technology around it, continues to expand in a vertiginous way, some companies are trying to build games around Blockchain to take advantage of the unique properties of cryptocurrencies, tokens, and blockchain itself.

In this guide, we explain what each field of the Portfolio means and we also list the most frequently asked question and respective answers. Feel free to ask questions in the comment section as we will add these to the FAQ list.

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What is Cryptocurrency? – Definition from Techopedia

Gavin Andresen, bitcoin’s technical lead, told Forbes.com that cryptocurrency is designed to bring back a “decentralized currency of the people,” taking centralized banks out of the equation. Because bitcoins must be cryptographically signed each time they are transferred, each bitcoin user has both public and individual private keys.

Cryptocurrency transactions are anonymous, untraceable and have created a niche for illegal transactions, like drug trafficking. Because the currency has no central repository, law enforcement and payment processors have no jurisdiction over bitcoin accounts. For cryptocurrency supporters, this anonymity is a primary strength of this technology, despite the potential for illegal abuse, as it enables a shift in power from institutions to individuals.

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What is Cryptocurrency? – Definition from Techopedia

Cryptocurrency News – Bitcoin, Ethereum, NEO, ICO startups

The blockchain market, cryptocurrency and ICO is growing at a tremendous rate. Every day in this area lots of information guides, new articles and analytics are published. To keep track of everything and find really important and useful materials, you need to spend a lot of time.

We are ready to do this for you! Our telegram channel ICOtoday is the source of the most necessary and up-to-date information about ICO and cryptocurrencies.

Looking at the ICO and want to figure out what’s what for? On our channel you will find educational materials for those who make the first steps in crypto investment.

Want to invest in start-ups? We publish practical recommendations for investors, as well as an ICO calendar.

Are you interested in the current agenda? With a daily digest of news and analytics, you will always be aware.

Looking for authoring content? We are preparing our own materials, reviews and analytics.

Channel ICOtoday:

ICOtoday channel is the most important in one place.

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Cryptocurrency News – Bitcoin, Ethereum, NEO, ICO startups

What is Cryptocurrency: Everything You Need To Know …

What is cryptocurrency: 21st-century unicorn or the money of the future?

This introduction explains the most important thing about cryptocurrencies. After youve read it, youll know more about it than most other humans.

Today cryptocurrencies (Buy Crypto) have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.

In 2016, youll have a hard time finding a major bank, a big accounting firm, a prominent software company or a government that did not research cryptocurrencies, publish a paper about it or start a so-called blockchain-project.

Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us. Thomas Carper, US-Senator

But beyond the noise and the press releases the overwhelming majority of people even bankers, consultants, scientists, and developers have a very limited knowledge about cryptocurrencies. They often fail to even understand the basic concepts.

So lets walk through the whole story. What are cryptocurrencies?

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

In his announcement of Bitcoin in late 2008, Satoshi said he developed A Peer-to-Peer Electronic Cash System.

His goal was to invent something; many people failed to create before digital cash.

The single most important part of Satoshis invention was that he found a way to build a decentralized digital cash system. In the nineties, there have been many attempts to create digital money, but they all failed.

After seeing all the centralized attempts fail, Satoshi tried to build a digital cash system without a central entity. Like a Peer-to-Peer network for file sharing.

This decision became the birth of cryptocurrency. They are the missing piece Satoshi found to realize digital cash. The reason why is a bit technical and complex, but if you get it, youll know more about cryptocurrencies than most people do. So, lets try to make it as easy as possible:

To realize digital cash you need a payment network with accounts, balances, and transaction. Thats easy to understand. One major problem every payment network has to solve is to prevent the so-called double spending: to prevent that one entity spends the same amount twice. Usually, this is done by a central server who keeps record about the balances.

In a decentralized network, you dont have this server. So you need every single entity of the network to do this job. Every peer in the network needs to have a list with all transactions to check if future transactions are valid or an attempt to double spend.

But how can these entities keep a consensus about this records?

If the peers of the network disagree about only one single, minor balance, everything is broken. They need an absolute consensus. Usually, you take, again, a central authority to declare the correct state of balances. But how can you achieve consensus without a central authority?

Nobody did know until Satoshi emerged out of nowhere. In fact, nobody believed it was even possible.

Satoshi proved it was. His major innovation was to achieve consensus without a central authority. Cryptocurrencies are a part of this solution the part that made the solution thrilling, fascinating and helped it to roll over the world.

If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.

Take the money on your bank account: What is it more than entries in a database that can only be changed under specific conditions? You can even take physical coins and notes: What are they else than limited entries in a public physical database that can only be changed if you match the condition than you physically own the coins and notes? Money is all about a verified entry in some kind of database of accounts, balances, and transactions.

How miners create coins and confirm transactions

Lets have a look at the mechanism ruling the databases of cryptocurrencies. A cryptocurrency like Bitcoin consists of a network of peers. Every peer has a record of the complete history of all transactions and thus of the balance of every account.

A transaction is a file that says, Bob gives X Bitcoin to Alice and is signed by Bobs private key. Its basic public key cryptography, nothing special at all. After signed, a transaction is broadcasted in the network, sent from one peer to every other peer. This is basic p2p-technology. Nothing special at all, again.

The transaction is known almost immediately by the whole network. But only after a specific amount of time it gets confirmed.

Confirmation is a critical concept in cryptocurrencies. You could say that cryptocurrencies are all about confirmation.

As long as a transaction is unconfirmed, it is pending and can be forged. When a transaction is confirmed, it is set in stone. It is no longer forgeable, it cant be reversed, it is part of an immutable record of historical transactions: of the so-called blockchain.

Only miners can confirm transactions. This is their job in a cryptocurrency-network. They take transactions, stamp them as legit and spread them in the network. After a transaction is confirmed by a miner, every node has to add it to its database. It has become part of the blockchain.

For this job, the miners get rewarded with a token of the cryptocurrency, for example with Bitcoins. Since the miners activity is the single most important part of cryptocurrency-system we should stay for a moment and take a deeper look on it.

Principally everybody can be a miner. Since a decentralized network has no authority to delegate this task, a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. Imagine someone creates thousands of peers and spreads forged transactions. The system would break immediately.

So, Satoshi set the rule that the miners need to invest some work of their computers to qualify for this task. In fact, they have to find a hash a product of a cryptographic function that connects the new block with its predecessor. This is called the Proof-of-Work. In Bitcoin, it is based on the SHA 256 Hash algorithm.

You dont need to understand details about SHA 256. Its only important you know that it can be the basis of a cryptologic puzzle the miners compete to solve. After finding a solution, a miner can build a block and add it to the blockchain. As an incentive, he has the right to add a so-called coinbase transaction that gives him a specific number of Bitcoins. This is the only way to create valid Bitcoins.

Bitcoins can only be created ifminers solve a cryptographic puzzle. Since the difficulty of this puzzle increases the amount of computer power the whole miners invest, there is only a specific amount of cryptocurrency token that can be created in a given amount of time. This is part of the consensus no peer in the network can break.

If you really think about it, Bitcoin, as a decentralized network of peers which keep a consensus about accounts and balances, is more a currency than the numbers you see in your bank account. What are these numbers more than entries in a database a database which can be changed by people you dont see and by rules you dont know?

It is that narrative of human development under which we now have other fights to fight, and I would say in the realm of Bitcoin it is mainly the separation of money and state.

Erik Voorhees,cryptocurrency entrepreneur

Basically, cryptocurrencies are entries about token in decentralized consensus-databases. They are called CRYPTOcurrencies because the consensus-keeping process is secured by strong cryptography. Cryptocurrencies are built on cryptography. They are not secured by people or by trust, but by math. It is more probable that an asteroid falls on your house than that a bitcoin address is compromised.

Describing the properties of cryptocurrencies we need to separate between transactional and monetary properties. While most cryptocurrencies share a common set of properties, they are not carved in stone.

1.) Irreversible: After confirmation, a transaction cant be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. There is no safety net.

2.) Pseudonymous: Neither transactions nor accounts are connected to real-world identities. You receive Bitcoins on so-called addresses, which are randomly seeming chains of around 30 characters. While it is usually possible to analyze the transaction flow, it is not necessarily possible to connect the real world identity of users with those addresses.

3.) Fast and global: Transaction are propagated nearly instantly in the network and are confirmed in a couple of minutes. Since they happen in a global network of computers they are completely indifferent of your physical location. It doesnt matter if I send Bitcoin to my neighbour or to someone on the other side of the world.

4.) Secure: Cryptocurrency funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. A Bitcoin address is more secure than Fort Knox.

5.) Permissionless: You dont have to ask anybody to use cryptocurrency. Its just a software that everybody can download for free. After you installed it, you can receive and send Bitcoins or other cryptocurrencies. No one can prevent you. There is no gatekeeper.

1.) Controlled supply: Most cryptocurrencies limit the supply of the tokens. In Bitcoin, the supply decreases in time and will reach its final number somewhere in around 2140. All cryptocurrencies control the supply of the token by a schedule written in the code. This means the monetary supply of a cryptocurrency in every given moment in the future can roughly be calculated today. There is no surprise.

2.) No debt but bearer: The Fiat-money on your bank account is created by debt, and the numbers, you see on your ledger represent nothing but debts. Its a system of IOU. Cryptocurrencies dont represent debts. They just represent themselves. They are money as hard as coins of gold.

To understand the revolutionary impact of cryptocurrencies you need to consider both properties. Bitcoin as a permissionless, irreversible and pseudonymous means of payment is an attack on the control of banks and governments over the monetary transactions of their citizens. You cant hinder someone to use Bitcoin, you cant prohibit someone to accept a payment, you cant undo a transaction.

As money with a limited, controlled supply that is not changeable by a government, a bank or any other central institution, cryptocurrencies attack the scope of the monetary policy. They take away the control central banks take on inflation or deflation by manipulating the monetary supply.

While its still fairly new and unstable relative to the gold standard, cryptocurrency is definitely gaining traction and will most certainly have more normalized uses in the next few years. Right now, in particular, its increasing in popularity with the post-election market uncertainty. The key will be in making it easy for large-scale adoption (as with anything involving crypto) including developing safeguards and protections for buyers/investors. I expect that within two years, well be in a place where people can shove their money under the virtual mattress through cryptocurrency, and theyll know that wherever they go, that money will be there. Sarah Granger, Author, and Speaker.

Mostly due to its revolutionary properties cryptocurrencies have become a success their inventor, Satoshi Nakamoto, didnt dare to dream ofit. While every other attempt to create a digital cash system didnt attract a critical mass of users, Bitcoin had something that provoked enthusiasm and fascination. Sometimes it feels more like religion than technology.

Cryptocurrencies are digital gold. Sound money that is secure from political influence. Money that promises to preserve and increase its value over time. Cryptocurrencies are also a fast and comfortable means of payment with a worldwide scope, and they are private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity.

But while cryptocurrencies are more used for payment, its use as a means of speculation and a store of value dwarfs the payment aspects. Cryptocurrencies gave birth to an incredibly dynamic, fast-growing market for investors and speculators. Exchanges like Okcoin, poloniex or shapeshift enables the trade of hundreds of cryptocurrencies. Their daily trade volume exceeds that of major European stock exchanges.

At the same time, the praxis of Initial Coin Distribution (ICO), mostly facilitated by Ethereums smart contracts, gave live to incredibly successful crowdfunding projects, in which often an idea is enough to collect millions of dollars. In the case of The DAO it has been more than 150 million dollars.

In this rich ecosystem of coins and token, you experience extreme volatility. Its common that a coin gains 10 percent a day sometimes 100 percent just to lose the same at the next day. If you are lucky, your coins value grows up to 1000 percent in one or two weeks.

While Bitcoin remains by far the most famous cryptocurrency and most other cryptocurrencies have zero non-speculative impact, investors and users should keep an eye on several cryptocurrencies. Here we present the most popular cryptocurrencies of today.

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What is Cryptocurrency: Everything You Need To Know …

Cryptocurrency Definition | Investopedia

What is a ‘Cryptocurrency’

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion.

The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin’s success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.

Learn Ian King’s strategies toeffectively trade cryptocurrencies in Investopedia Academy’s Crypto Trading course.

Cryptocurrency Benefits and Drawbacks

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

Central to the genius of Bitcoin is the block chain it uses to store an online ledger of all the transactions that have ever been conducted using bitcoins, providing a data structure for this ledger that is exposed to a limited threat from hackers and can be copied across all computers running Bitcoin software. Many experts see this block chain as having important uses in technologies, such as online voting and crowdfunding, and major financial institutions such as JP Morgan Chase see potential in cryptocurrencies to lower transaction costs by making payment processing more efficient.

However, because cryptocurrencies are virtual and do not have a central repository, a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist. Since prices are based on supply and demand, the rate at which a cryptocurrency can be exchanged for another currency can fluctuate widely.

Cryptocurrencies are not immune to the threat of hacking. In Bitcoin’s short history, the company has been subject to over 40 thefts, including a few that exceeded $1 million in value. Still, many observers look at cryptocurrencies as hope that a currency can exist that preserves value, facilitates exchange, is more transportable than hard metals, and is outside the influence of central banks and governments.

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Cryptocurrency Definition | Investopedia

Cryptocurrency Prices Live, Bitcoin Price, Ethereum …

The cryptocurrenies shown here are just the most popular ones, and this means not all of them can be found on this table. Full list, more then 1000 cryptos can be found, by clicking LOAD MORE button at the bottom of the chart, or just type any cryptocurrency symbol or name in the search box at the top of the chart.

To make things easier, this page displays the logos and the symbols beside the name of the cryptocurrency it is therefore impossible to make a mistake when looking at the numbers. The logos, names, and symbols appear in the first, second and third column, respectively. The names and symbols of the listed cryptocurrencies are actually links. Clicking on these links a new page with individual data about the chosen coin will be displayed, though it might take some time for the data to load.

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Cryptocurrency Prices Live, Bitcoin Price, Ethereum …

What is Cryptocurrency: Everything You Need To Know …

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What is cryptocurrency: 21st-century unicorn or the money of the future?

This introduction explains the most important thing about cryptocurrencies. After youve read it, youll know more about it than most other humans.

Today cryptocurrencies (Buy Crypto) have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.

In 2016, youll have a hard time finding a major bank, a big accounting firm, a prominent software company or a government that did not research cryptocurrencies, publish a paper about it or start a so-called blockchain-project.

Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us. Thomas Carper, US-Senator

But beyond the noise and the press releases the overwhelming majority of people even bankers, consultants, scientists, and developers have a very limited knowledge about cryptocurrencies. They often fail to even understand the basic concepts.

So lets walk through the whole story. What are cryptocurrencies?

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

In his announcement of Bitcoin in late 2008, Satoshi said he developed A Peer-to-Peer Electronic Cash System.

His goal was to invent something; many people failed to create before digital cash.

The single most important part of Satoshis invention was that he found a way to build a decentralized digital cash system. In the nineties, there have been many attempts to create digital money, but they all failed.

After seeing all the centralized attempts fail, Satoshi tried to build a digital cash system without a central entity. Like a Peer-to-Peer network for file sharing.

This decision became the birth of cryptocurrency. They are the missing piece Satoshi found to realize digital cash. The reason why is a bit technical and complex, but if you get it, youll know more about cryptocurrencies than most people do. So, lets try to make it as easy as possible:

To realize digital cash you need a payment network with accounts, balances, and transaction. Thats easy to understand. One major problem every payment network has to solve is to prevent the so-called double spending: to prevent that one entity spends the same amount twice. Usually, this is done by a central server who keeps record about the balances.

In a decentralized network, you dont have this server. So you need every single entity of the network to do this job. Every peer in the network needs to have a list with all transactions to check if future transactions are valid or an attempt to double spend.

But how can these entities keep a consensus about this records?

If the peers of the network disagree about only one single, minor balance, everything is broken. They need an absolute consensus. Usually, you take, again, a central authority to declare the correct state of balances. But how can you achieve consensus without a central authority?

Nobody did know until Satoshi emerged out of nowhere. In fact, nobody believed it was even possible.

Satoshi proved it was. His major innovation was to achieve consensus without a central authority. Cryptocurrencies are a part of this solution the part that made the solution thrilling, fascinating and helped it to roll over the world.

If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.

Take the money on your bank account: What is it more than entries in a database that can only be changed under specific conditions? You can even take physical coins and notes: What are they else than limited entries in a public physical database that can only be changed if you match the condition than you physically own the coins and notes? Money is all about a verified entry in some kind of database of accounts, balances, and transactions.

How miners create coins and confirm transactions

Lets have a look at the mechanism ruling the databases of cryptocurrencies. A cryptocurrency like Bitcoin consists of a network of peers. Every peer has a record of the complete history of all transactions and thus of the balance of every account.

A transaction is a file that says, Bob gives X Bitcoin to Alice and is signed by Bobs private key. Its basic public key cryptography, nothing special at all. After signed, a transaction is broadcasted in the network, sent from one peer to every other peer. This is basic p2p-technology. Nothing special at all, again.

The transaction is known almost immediately by the whole network. But only after a specific amount of time it gets confirmed.

Confirmation is a critical concept in cryptocurrencies. You could say that cryptocurrencies are all about confirmation.

As long as a transaction is unconfirmed, it is pending and can be forged. When a transaction is confirmed, it is set in stone. It is no longer forgeable, it cant be reversed, it is part of an immutable record of historical transactions: of the so-called blockchain.

Only miners can confirm transactions. This is their job in a cryptocurrency-network. They take transactions, stamp them as legit and spread them in the network. After a transaction is confirmed by a miner, every node has to add it to its database. It has become part of the blockchain.

For this job, the miners get rewarded with a token of the cryptocurrency, for example with Bitcoins. Since the miners activity is the single most important part of cryptocurrency-system we should stay for a moment and take a deeper look on it.

Principally everybody can be a miner. Since a decentralized network has no authority to delegate this task, a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. Imagine someone creates thousands of peers and spreads forged transactions. The system would break immediately.

So, Satoshi set the rule that the miners need to invest some work of their computers to qualify for this task. In fact, they have to find a hash a product of a cryptographic function that connects the new block with its predecessor. This is called the Proof-of-Work. In Bitcoin, it is based on the SHA 256 Hash algorithm.

You dont need to understand details about SHA 256. Its only important you know that it can be the basis of a cryptologic puzzle the miners compete to solve. After finding a solution, a miner can build a block and add it to the blockchain. As an incentive, he has the right to add a so-called coinbase transaction that gives him a specific number of Bitcoins. This is the only way to create valid Bitcoins.

Bitcoins can only be created ifminers solve a cryptographic puzzle. Since the difficulty of this puzzle increases the amount of computer power the whole miners invest, there is only a specific amount of cryptocurrency token that can be created in a given amount of time. This is part of the consensus no peer in the network can break.

If you really think about it, Bitcoin, as a decentralized network of peers which keep a consensus about accounts and balances, is more a currency than the numbers you see in your bank account. What are these numbers more than entries in a database a database which can be changed by people you dont see and by rules you dont know?

It is that narrative of human development under which we now have other fights to fight, and I would say in the realm of Bitcoin it is mainly the separation of money and state.

Erik Voorhees,cryptocurrency entrepreneur

Basically, cryptocurrencies are entries about token in decentralized consensus-databases. They are called CRYPTOcurrencies because the consensus-keeping process is secured by strong cryptography. Cryptocurrencies are built on cryptography. They are not secured by people or by trust, but by math. It is more probable that an asteroid falls on your house than that a bitcoin address is compromised.

Describing the properties of cryptocurrencies we need to separate between transactional and monetary properties. While most cryptocurrencies share a common set of properties, they are not carved in stone.

1.) Irreversible: After confirmation, a transaction cant be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. There is no safety net.

2.) Pseudonymous: Neither transactions nor accounts are connected to real-world identities. You receive Bitcoins on so-called addresses, which are randomly seeming chains of around 30 characters. While it is usually possible to analyze the transaction flow, it is not necessarily possible to connect the real world identity of users with those addresses.

3.) Fast and global: Transaction are propagated nearly instantly in the network and are confirmed in a couple of minutes. Since they happen in a global network of computers they are completely indifferent of your physical location. It doesnt matter if I send Bitcoin to my neighbour or to someone on the other side of the world.

4.) Secure: Cryptocurrency funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. A Bitcoin address is more secure than Fort Knox.

5.) Permissionless: You dont have to ask anybody to use cryptocurrency. Its just a software that everybody can download for free. After you installed it, you can receive and send Bitcoins or other cryptocurrencies. No one can prevent you. There is no gatekeeper.

1.) Controlled supply: Most cryptocurrencies limit the supply of the tokens. In Bitcoin, the supply decreases in time and will reach its final number somewhere in around 2140. All cryptocurrencies control the supply of the token by a schedule written in the code. This means the monetary supply of a cryptocurrency in every given moment in the future can roughly be calculated today. There is no surprise.

2.) No debt but bearer: The Fiat-money on your bank account is created by debt, and the numbers, you see on your ledger represent nothing but debts. Its a system of IOU. Cryptocurrencies dont represent debts. They just represent themselves. They are money as hard as coins of gold.

To understand the revolutionary impact of cryptocurrencies you need to consider both properties. Bitcoin as a permissionless, irreversible and pseudonymous means of payment is an attack on the control of banks and governments over the monetary transactions of their citizens. You cant hinder someone to use Bitcoin, you cant prohibit someone to accept a payment, you cant undo a transaction.

As money with a limited, controlled supply that is not changeable by a government, a bank or any other central institution, cryptocurrencies attack the scope of the monetary policy. They take away the control central banks take on inflation or deflation by manipulating the monetary supply.

While its still fairly new and unstable relative to the gold standard, cryptocurrency is definitely gaining traction and will most certainly have more normalized uses in the next few years. Right now, in particular, its increasing in popularity with the post-election market uncertainty. The key will be in making it easy for large-scale adoption (as with anything involving crypto) including developing safeguards and protections for buyers/investors. I expect that within two years, well be in a place where people can shove their money under the virtual mattress through cryptocurrency, and theyll know that wherever they go, that money will be there. Sarah Granger, Author, and Speaker.

Mostly due to its revolutionary properties cryptocurrencies have become a success their inventor, Satoshi Nakamoto, didnt dare to dream ofit. While every other attempt to create a digital cash system didnt attract a critical mass of users, Bitcoin had something that provoked enthusiasm and fascination. Sometimes it feels more like religion than technology.

Cryptocurrencies are digital gold. Sound money that is secure from political influence. Money that promises to preserve and increase its value over time. Cryptocurrencies are also a fast and comfortable means of payment with a worldwide scope, and they are private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity.

But while cryptocurrencies are more used for payment, its use as a means of speculation and a store of value dwarfs the payment aspects. Cryptocurrencies gave birth to an incredibly dynamic, fast-growing market for investors and speculators. Exchanges like Okcoin, poloniex or shapeshift enables the trade of hundreds of cryptocurrencies. Their daily trade volume exceeds that of major European stock exchanges.

Read more:

What is Cryptocurrency: Everything You Need To Know …

Cryptocurrency Definition | Investopedia

What is a ‘Cryptocurrency’

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion.

The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin’s success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

Central to the genius of Bitcoin is the block chain it uses to store an online ledger of all the transactions that have ever been conducted using bitcoins, providing a data structure for this ledger that is exposed to a limited threat from hackers and can be copied across all computers running Bitcoin software. Many experts see this block chain as having important uses in technologies, such as online voting and crowdfunding, and major financial institutions such as JP Morgan Chase see potential in cryptocurrencies to lower transaction costs by making payment processing more efficient.

However, because cryptocurrencies are virtual and do not have a central repository, a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist. Since prices are based on supply and demand, the rate at which a cryptocurrency can be exchanged for another currency can fluctuate widely.

Cryptocurrencies are not immune to the threat of hacking. In Bitcoin’s short history, the company has been subject to over 40 thefts, including a few that exceeded $1 million in value. Still, many observers look at cryptocurrencies as hope that a currency can exist that preserves value, facilitates exchange, is more transportable than hard metals, and is outside the influence of central banks and governments.

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Cryptocurrency Definition | Investopedia

What is Cryptocurrency: Everything You Need To Know …

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What is cryptocurrency: 21st-century unicorn or the money of the future?

This introduction explains the most important thing about cryptocurrencies. After youve read it, youll know more about it than most other humans.

Today cryptocurrencies (Buy Crypto) have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.

In 2016, youll have a hard time finding a major bank, a big accounting firm, a prominent software company or a government that did not research cryptocurrencies, publish a paper about it or start a so-called blockchain-project.

Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us. Thomas Carper, US-Senator

But beyond the noise and the press releases the overwhelming majority of people even bankers, consultants, scientists, and developers have a very limited knowledge about cryptocurrencies. They often fail to even understand the basic concepts.

So lets walk through the whole story. What are cryptocurrencies?

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

In his announcement of Bitcoin in late 2008, Satoshi said he developed A Peer-to-Peer Electronic Cash System.

His goal was to invent something; many people failed to create before digital cash.

The single most important part of Satoshis invention was that he found a way to build a decentralized digital cash system. In the nineties, there have been many attempts to create digital money, but they all failed.

After seeing all the centralized attempts fail, Satoshi tried to build a digital cash system without a central entity. Like a Peer-to-Peer network for file sharing.

This decision became the birth of cryptocurrency. They are the missing piece Satoshi found to realize digital cash. The reason why is a bit technical and complex, but if you get it, youll know more about cryptocurrencies than most people do. So, lets try to make it as easy as possible:

To realize digital cash you need a payment network with accounts, balances, and transaction. Thats easy to understand. One major problem every payment network has to solve is to prevent the so-called double spending: to prevent that one entity spends the same amount twice. Usually, this is done by a central server who keeps record about the balances.

In a decentralized network, you dont have this server. So you need every single entity of the network to do this job. Every peer in the network needs to have a list with all transactions to check if future transactions are valid or an attempt to double spend.

But how can these entities keep a consensus about this records?

If the peers of the network disagree about only one single, minor balance, everything is broken. They need an absolute consensus. Usually, you take, again, a central authority to declare the correct state of balances. But how can you achieve consensus without a central authority?

Nobody did know until Satoshi emerged out of nowhere. In fact, nobody believed it was even possible.

Satoshi proved it was. His major innovation was to achieve consensus without a central authority. Cryptocurrencies are a part of this solution the part that made the solution thrilling, fascinating and helped it to roll over the world.

If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.

Take the money on your bank account: What is it more than entries in a database that can only be changed under specific conditions? You can even take physical coins and notes: What are they else than limited entries in a public physical database that can only be changed if you match the condition than you physically own the coins and notes? Money is all about a verified entry in some kind of database of accounts, balances, and transactions.

How miners create coins and confirm transactions

Lets have a look at the mechanism ruling the databases of cryptocurrencies. A cryptocurrency like Bitcoin consists of a network of peers. Every peer has a record of the complete history of all transactions and thus of the balance of every account.

A transaction is a file that says, Bob gives X Bitcoin to Alice and is signed by Bobs private key. Its basic public key cryptography, nothing special at all. After signed, a transaction is broadcasted in the network, sent from one peer to every other peer. This is basic p2p-technology. Nothing special at all, again.

The transaction is known almost immediately by the whole network. But only after a specific amount of time it gets confirmed.

Confirmation is a critical concept in cryptocurrencies. You could say that cryptocurrencies are all about confirmation.

As long as a transaction is unconfirmed, it is pending and can be forged. When a transaction is confirmed, it is set in stone. It is no longer forgeable, it cant be reversed, it is part of an immutable record of historical transactions: of the so-called blockchain.

Only miners can confirm transactions. This is their job in a cryptocurrency-network. They take transactions, stamp them as legit and spread them in the network. After a transaction is confirmed by a miner, every node has to add it to its database. It has become part of the blockchain.

For this job, the miners get rewarded with a token of the cryptocurrency, for example with Bitcoins. Since the miners activity is the single most important part of cryptocurrency-system we should stay for a moment and take a deeper look on it.

Principally everybody can be a miner. Since a decentralized network has no authority to delegate this task, a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. Imagine someone creates thousands of peers and spreads forged transactions. The system would break immediately.

So, Satoshi set the rule that the miners need to invest some work of their computers to qualify for this task. In fact, they have to find a hash a product of a cryptographic function that connects the new block with its predecessor. This is called the Proof-of-Work. In Bitcoin, it is based on the SHA 256 Hash algorithm.

You dont need to understand details about SHA 256. Its only important you know that it can be the basis of a cryptologic puzzle the miners compete to solve. After finding a solution, a miner can build a block and add it to the blockchain. As an incentive, he has the right to add a so-called coinbase transaction that gives him a specific number of Bitcoins. This is the only way to create valid Bitcoins.

Bitcoins can only be created ifminers solve a cryptographic puzzle. Since the difficulty of this puzzle increases the amount of computer power the whole miners invest, there is only a specific amount of cryptocurrency token that can be created in a given amount of time. This is part of the consensus no peer in the network can break.

If you really think about it, Bitcoin, as a decentralized network of peers which keep a consensus about accounts and balances, is more a currency than the numbers you see in your bank account. What are these numbers more than entries in a database a database which can be changed by people you dont see and by rules you dont know?

It is that narrative of human development under which we now have other fights to fight, and I would say in the realm of Bitcoin it is mainly the separation of money and state.

Erik Voorhees,cryptocurrency entrepreneur

Basically, cryptocurrencies are entries about token in decentralized consensus-databases. They are called CRYPTOcurrencies because the consensus-keeping process is secured by strong cryptography. Cryptocurrencies are built on cryptography. They are not secured by people or by trust, but by math. It is more probable that an asteroid falls on your house than that a bitcoin address is compromised.

Describing the properties of cryptocurrencies we need to separate between transactional and monetary properties. While most cryptocurrencies share a common set of properties, they are not carved in stone.

1.) Irreversible: After confirmation, a transaction cant be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. There is no safety net.

2.) Pseudonymous: Neither transactions nor accounts are connected to real-world identities. You receive Bitcoins on so-called addresses, which are randomly seeming chains of around 30 characters. While it is usually possible to analyze the transaction flow, it is not necessarily possible to connect the real world identity of users with those addresses.

3.) Fast and global: Transaction are propagated nearly instantly in the network and are confirmed in a couple of minutes. Since they happen in a global network of computers they are completely indifferent of your physical location. It doesnt matter if I send Bitcoin to my neighbour or to someone on the other side of the world.

4.) Secure: Cryptocurrency funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. A Bitcoin address is more secure than Fort Knox.

5.) Permissionless: You dont have to ask anybody to use cryptocurrency. Its just a software that everybody can download for free. After you installed it, you can receive and send Bitcoins or other cryptocurrencies. No one can prevent you. There is no gatekeeper.

1.) Controlled supply: Most cryptocurrencies limit the supply of the tokens. In Bitcoin, the supply decreases in time and will reach its final number somewhere in around 2140. All cryptocurrencies control the supply of the token by a schedule written in the code. This means the monetary supply of a cryptocurrency in every given moment in the future can roughly be calculated today. There is no surprise.

2.) No debt but bearer: The Fiat-money on your bank account is created by debt, and the numbers, you see on your ledger represent nothing but debts. Its a system of IOU. Cryptocurrencies dont represent debts. They just represent themselves. They are money as hard as coins of gold.

To understand the revolutionary impact of cryptocurrencies you need to consider both properties. Bitcoin as a permissionless, irreversible and pseudonymous means of payment is an attack on the control of banks and governments over the monetary transactions of their citizens. You cant hinder someone to use Bitcoin, you cant prohibit someone to accept a payment, you cant undo a transaction.

As money with a limited, controlled supply that is not changeable by a government, a bank or any other central institution, cryptocurrencies attack the scope of the monetary policy. They take away the control central banks take on inflation or deflation by manipulating the monetary supply.

While its still fairly new and unstable relative to the gold standard, cryptocurrency is definitely gaining traction and will most certainly have more normalized uses in the next few years. Right now, in particular, its increasing in popularity with the post-election market uncertainty. The key will be in making it easy for large-scale adoption (as with anything involving crypto) including developing safeguards and protections for buyers/investors. I expect that within two years, well be in a place where people can shove their money under the virtual mattress through cryptocurrency, and theyll know that wherever they go, that money will be there. Sarah Granger, Author, and Speaker.

Mostly due to its revolutionary properties cryptocurrencies have become a success their inventor, Satoshi Nakamoto, didnt dare to dream ofit. While every other attempt to create a digital cash system didnt attract a critical mass of users, Bitcoin had something that provoked enthusiasm and fascination. Sometimes it feels more like religion than technology.

Cryptocurrencies are digital gold. Sound money that is secure from political influence. Money that promises to preserve and increase its value over time. Cryptocurrencies are also a fast and comfortable means of payment with a worldwide scope, and they are private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity.

But while cryptocurrencies are more used for payment, its use as a means of speculation and a store of value dwarfs the payment aspects. Cryptocurrencies gave birth to an incredibly dynamic, fast-growing market for investors and speculators. Exchanges like Okcoin, poloniex or shapeshift enables the trade of hundreds of cryptocurrencies. Their daily trade volume exceeds that of major European stock exchanges.

Excerpt from:

What is Cryptocurrency: Everything You Need To Know …

Cryptocurrency Prices Live, Bitcoin Price, Ethereum …

The cryptocurrenies shown here are just the most popular ones, and this means not all of them can be found on this table. Full list, more then 1000 cryptos can be found, by clicking LOAD MORE button at the bottom of the chart, or just type any cryptocurrency symbol or name in the search box at the top of the chart.

To make things easier, this page displays the logos and the symbols beside the name of the cryptocurrency it is therefore impossible to make a mistake when looking at the numbers. The logos, names, and symbols appear in the first, second and third column, respectively. The names and symbols of the listed cryptocurrencies are actually links. Clicking on these links a new page with individual data about the chosen coin will be displayed, though it might take some time for the data to load.

Excerpt from:

Cryptocurrency Prices Live, Bitcoin Price, Ethereum …

Cryptocurrency Prices Live, Bitcoin Price, Ethereum …

The cryptocurrenies shown here are just the most popular ones, and this means not all of them can be found on this table. Full list, more then 1000 cryptos can be found, by clicking LOAD MORE button at the bottom of the chart, or just type any cryptocurrency symbol or name in the search box at the top of the chart.

To make things easier, this page displays the logos and the symbols beside the name of the cryptocurrency it is therefore impossible to make a mistake when looking at the numbers. The logos, names, and symbols appear in the first, second and third column, respectively. The names and symbols of the listed cryptocurrencies are actually links. Clicking on these links a new page with individual data about the chosen coin will be displayed, though it might take some time for the data to load.

Read the original post:

Cryptocurrency Prices Live, Bitcoin Price, Ethereum …

Cryptocurrency Prices Live, Bitcoin Price, Ethereum …

The cryptocurrenies shown here are just the most popular ones, and this means not all of them can be found on this table. Full list, more then 1000 cryptos can be found, by clicking LOAD MORE button at the bottom of the chart, or just type any cryptocurrency symbol or name in the search box at the top of the chart.

To make things easier, this page displays the logos and the symbols beside the name of the cryptocurrency it is therefore impossible to make a mistake when looking at the numbers. The logos, names, and symbols appear in the first, second and third column, respectively. The names and symbols of the listed cryptocurrencies are actually links. Clicking on these links a new page with individual data about the chosen coin will be displayed, though it might take some time for the data to load.

Excerpt from:

Cryptocurrency Prices Live, Bitcoin Price, Ethereum …

Cryptocurrency Market How To Create Life Changing …

ATTENTION! Investors,Traders,Hedge Funds, Private Portfolio Managers, Professional Athletes, & Housewife Investors Who WantTo Make Life Changing ProfitsIn Cryptocurrency Investing! Finally, The Ultimate, Most Complete,& Highly Anticipated

In 2012, I discovered the bitcoin whitepaper while working at an energy brokerage firm that operated a bitcoin mining farm. I did not understand the computer math and coding in the whitepaper so I asked my good friendLeon Fu Dot Com (we call him that because he is a professional software engineer and a real nerdy techie) to help me verify that bitcoin really works.

Leon Fu Dot Com started investing in bitcoins and litecoins after reading the whitepaper and immediately made some really nice profits so that encouraged me to start investing in bitcoins as well. We realized it was like the internet dot com boom of the 1990s again and we wanted to get an early mover advantage to make some massive Life Changing Profits!

2. How did you learn to invest in cryptocurrencies?

Leon Fu Dot Com had dabbled instocks and options investing and I had experience in trading stocks, futures and the forex markets so we thought we had an advantage when we first started to invest in cryptocurrencies (aka, cryptos). We were totally wrong andgot slaughtered in 2013! We made a ton of ugly, reckless, & bonehead mistakes and almost lost everything and gave up on crypto but we had never seen an asset in human history grow over 1,000,000%before like bitcoin so we were determined not to give up!!!

Plus, we were passionately motivated to leave our 9 to 5 job and stop working for the man and be a slave to the almighty alarm clock again because working for an hourly wage was NOT the recipe to making Life Changing Moneyso wepushed ourselves to figure it out and learn from our past mistakes & failures which led us tosome BIG breakthroughs including:

Certain traditional investing strategies that worked in the stock marketwould cause you to lose bucket loads of money in crypto! Certain traditional investing strategiesworked amazingly better than others. Certain cryptos such as Ethereum displayed very obvious traits of success long before they became a big hit. Even better we noticed that when you combine certain investing strategies, it dramatically increased your profits!

After carefully analyzing our successes and failures, Leon Fu Dot Com and Icame across a HUGE game changer & discovered that there were 5 common traits to all the cryptocurrencies that hit it big like Ethereum, NEO, Cardano, Decred, etc.

Westarted to share our crypto insights and discoveries on YouTube and others started to follow and havetremendous success as well. Before you know it, we started to get thousands of newsubscribers and a flood of requests for us to teach what we know about cryptocurrency investing to others.

We never expected random strangers from around the world to contact us and ask us to invest their money for themafter watching us on YouTube so we had to respectfully decline everyones requests to manage their money sincewe are NOT licensed financial advisors. Afterwards, we started getting requests from viewers asking us to teach them privatelyabout cryptocurrency investing but we did nottake it seriously because we genuinely thought they were just joking around or trolling (harassing) us. However, after talking toseveral viewers who contacted us privately to seek coaching & mentoring, we started to realize that our viewers requests to teach them our crypto investing system and methodologies werereal and that is how we created theCryptocurrency Investing Bootcamp.

We did not realize that there were thousands of beginning,uneducated and uninformed crypto investors out there who were struggling to figure out cryptocurrency investinglike we did. Therefore, dont be frustrated if you are struggling with cryptocurrency investing because you are NOT alone! Its NOT just you! Our advice is to get properly educated so you cantake advantage of the Life Changing Profit potential in cryptocurrency investing before it becomes mainstream in 2-3 years and there is no opportunities left to make Life Changing Money anymore.

Absolutely we have proof that our system works! We have a firm belief that documentation trumps conversation! Let me show you the documentation (proof)so you can see that its not just all conversation.

PROOF #1 Here is a video documenting how Leon Fu Dot Com clearly predicted that Factom will reach $3.50 back when it was still only trading at a low of $1.20:

Factom exploded over 3,000% (30X) in growthfrom $1.20 to a high of $36.32 on June 23, 2017 just 15 months after we released the video price prediction above on April 13, 2016:

PROOF #2 Using the analysis strategies we teach in the bootcamp, Leon Fu Dot Com made an assessment that buyingEthereum Classic (ETC) in March 2017 was a better potential for profit than Ethereum (ETH) and it turned out to be true because ETC went up 327% (3X)while ETH only moved up 136%.

PROOF #3 Based on my analysis of bitcoin in Oct 2016 I suggested bitcoin was at a good buy level which grew a phenomenal 882% of Life Changing Profits in just 1 year!

PROOF #4Some folks missed the bitcoin buying opportunity I previously mentioned so I identified another opportunity for everyone which yielded a whopping 182% of Life Changing Profits in just 5 months:

PROOF #5Here is another tweet & chart documenting my analysis of Monero which resulted in a quick 1,226% of Life Changing Profits in just 10 months:

As you can see, this is just a small sample documentation to show that our crypto investing strategies work and that we are not just all conversation.

The Cryptocurrency Investing Bootcamp is a private, 4 day, hands on comprehensive crypto investing workshop whereLeon Fu Dot Com and I will personally hold your hand and teach you everything we know about how to get started and show you the best methods we know to reduce your risk and increase your potential to be a consistently profitable cryptocurrency investorby showing youexactly how to find the potentially profitable cryptocurrencies that will give you the highest potential to make Life Changing Profits. There will be lots of hands on practice so that we can check to make sure you do it correctly in front of us before you go home and safely do it on your own portfolio.

How to eliminate the 3 mental barriers to crypto investing success. The crypto investors worth following online. The 10 key advantages of investing in cryptos vs. traditional investing. The 7 key disadvantages of investing in cryptos vs. traditional investing. 9 stupid & silly myths that dont make you money in crypto investing. The 8 common traits of successful cryptocurrency investors. The 5 key components of the Cryptocurrency Investing Bootcamp that makes it different from any other program. How to AVOID these bonehead mistakes that cost us over $500k! The 6 foolproof ways to shortcut your way to crypto investing success. The 4 essential secrets to learning cryptocurrency investing fast!

How to choose the appropriate brand of computer for crypto trading/investing. How to select the appropriate RAM, Solid State Drive, CPU, hard drive connector, monitors, & necessary computer hardware for crypto investing, mining, & staking. How to choose thecorrect computer softwares such as operating systems, screenshot softwares, spreadsheets, etc. needed for crypto investing. Where to buy your computers & monitors to get the most value for your money.

How to choose the right cryptowallet based on your needs. How to choose the right cryptowallet based on your computing device. The 4 critical components to safely store & secure your cryptos. How to use a password manager to protect your crypto passwords. How to use two factor authentication to secure your cryptos. How to safely send & receive your first cryptos & NOT lose them. How to send and receive cryptos from another person. How to send and receive cryptos from an exchange. How to send and receive any crypto from anyone or anywhere.

The 5 types of crypto exchanges that every investor MUST use. The 5 criteria for selecting a good cryptocurrency exchange. How to set up a new cryptocurrency trading account. How to connect your bank account to your crypto account. How to test your new crypto account.

How to set up your cryptocurrency price charts & watchlists. How to choose & submit the correct BUY and SELL orders to get your orders filled correctly and not get slipped. Howto quickly get in and out of a trade during a fast moving market using a Hybrid Market Limit order. How to create automated set & forget BUY & SELL orders that will automatically buy or sell your cryptos for you even when you are asleep or away from your computer so that your crypto investments are protected. How to put in stop loss orders to protect your investments.

You will learn the traditional trading & investing tools that :

Work very well in the cryptocurrency market, Do NOT work very well in the cryptocurrency market, Needs to be avoided like the plague, or Needs to be modified to work effectively in the crypto market.

You will also learn the new and astonishing crypto analytical tools that we developed specifically just for the cryptocurrency market to help you:

Easily find low risk ENTRIES that minimize your risk & gives you an edge over everyone else as well as Effortlessly calculate high probability EXITS that gives you an unfair profit advantage.

You will learn how to systematically filter & tune out the market noise from hundreds of cryptocurrencies screaming for attention & choose the highest probability cryptocurrencies with the lowest risk and highest potential to generate massive Wall Street like profits by understanding the 5 Key Traits of a Profitable Cryptocurrency. This module is designed to pull you away from the blind, ignorant, uneducated, emotional & predictable, sheep like, herd like mentality of amateur crypto investors and place you in the realm of an educated, & systematic crypto investor who knows how to invest and make Life Changing Profits like the big boys on Wall Street. You will learn The VC MAN Method that we developed through trial and error that allows you to systematically identify the legitimate and A Gradecryptocurrencies worth investing in (that are not scams) by identifying the 5 Key Traits of a Profitable Cryptocurrency.

You will learn some highly effective & battle tested cryptocurrency investing strategies that you can constantly use over and over to generate potentially HUGE PROFITS because they have been proven to be consistently profitable! You will the difference between mining, staking, short term trading, long term trading, etc. Also, you will learn the silly crypto investing strategies that are highly discussed & debated in the crypto forums & troll boxes and appear to be very enticing, lucrative and profitable on the surface but do not really make you any money, creates a lot of frustration, will lose you a ton of money and just a plain waste of your time & capital. You want to AVOID these nasty & unprofitable crypto investing strategies at all cost! After the training in this module, you will have a proven, systematic, effective & potentially profitable, ready to go set of cryptocurrency strategies in your investing toolbox so you no longer have to waste time on the internet searching for gimmicky & unproven investing strategies during your bedtime and waste time wondering if they will work or not.

You will learn from our experience when is the best time to get in a trade to drastically reduce your risk using our proprietary & simple to learn, 4 StepEntry Method so that you have a methodical, consistent, and easy to understand approach to enter the market so that its not a guessing game. Learnhow to be precise & confident with your ENTRIES so you dont have to depend on others to figure it out for you. After the training, you will no longer need to ask annoying questions like, WHEN do I get in? or WHERE do I get in? anymore. Basically, you will be able to discover a goldmine of investment opportunities.

You will learn how much of your money you should invest into each cryptocurrency. In gambling terms, it is basically asking, WHAT is the correct bet size? Do you invest 100%, 50%, 10%, etc. of your portfolio on one crypto or do you spread it out across several cryptos? In other words, how much of your portfolio should be allocated to bitcoin, ethereum or a new and unproven crypto? We created an easy to use and easy to understand TaiFu RiskMatrix that automatically calculates your correct bet size based on your a) experience level and b) how much money you are working with. We lost a ton of money to field test the TaiFu Risk Matrix and well share it with you at the bootcamp so it will completely eliminate any guesswork for you when when you need to calculate how much risk you should take in an A-Grade, B-Grade, or C-Grade crypto.

You will learn to identify the 2 nasty market leeches in cryptocurrency investing that quickly suck & drain the money out of your account leaving you broke & clueless as to what just happened to my investing account?! (NO ONE IS IMMUNE TO THESE 2 VICIOUS MARKET LEECHES INCLUDING YOU! They sucked my account dry multiple times when I first got into trading! and it was nasty!) You will learn the 3 powerful investing shields that you can use to prevent these two nasty Market Leeches from draining money out of your accountbefore you even have a chance to make a profit! You will also learn how to properly exit a trade in the RIGHT way that will allow you to be profitable in cryptocurrency investing even when you are wrong on over 66% of your cryptocurrency picks! Imagine being RIGHT less than 34%of the time in your crypto investing and still be profitable! (This means you do not have to be RIGHT all the time to make money in crypto investing!) The beauty of these 3 powerful investing shields is that they are arithmetic based, easy to calculate (no calculator needed), requires very little booksmarts, and very easy to implement after you learn them.

You will learn how to systematically diagnose your crypto investing system to:

Troubleshoot whats causing your crypto investing system to be profitable so that you can CONTINUE doing it. Troubleshoot whats causing your crypto investing system to be unprofitable so that you can STOP doing it.

Our previous students consider this module to be the MOST CRITICAL component to cryptocurrency investing success & worth the bootcamp registration fee alone! Nothing is more annoying then putting your hard earned money to work for you and youre not making money and you dont even know WHY? This module is designed to troubleshoot and diagnose your cryptocurrency investing system to see why its not making you money. NOTICE: WE PROMISE YOU WILL NOT LEARN THIS SECTION ABOUT TRADING DIAGNOSTICS ANYWHERE ELSE! IF YOU DID IT WAS

PROBABLY FROM ONE OF OUR PREVIOUS BOOTCAMP ATTENDEES OR THEY STOLE IT FROM US!

How to legally pay the least amount of taxes on your crypto profits. How to calculate your potential tax liability before making a trade or investment. How to understand crypto tax guidelines. How to qualify your CPA to make sure they understand cryptotaxes. How to invest in cryptos in your retirement accounts. How to guesstimate your crypto taxes. How to record and document your crypto investments for tax purposes. Understanding Ordinary Income vs. Short & Long Term Capital Gains What is a 1031 Like For Like Exchange? Tax jurisdictions that are favorable to crypto traders and investors. Our analysis of the Puerto Rico tax benefits to crypto traders and investors.

You will be reviewed and tested to make sure you can clearlyperform the 6 key components of safe & successful crypto investing. Therefore, you will berequired todemonstrate that youcan clearly perform the following tasks:

1. You know how to confidently FIND CRYPTOSwith a high potential for Wall Street like profits.2. You know how to select the APPROPRIATE INVESTING STRATEGYfrom your strategy toolbox.3. You know how to identify a potentialLOW RISK ENTRY PRICE.4. You know how to correctly calculate the BET SIZE for each investment.5. You know how calculate your EXIT PRICE when you are wrong and when you need to take profits so its not a mystery.6. You know to how toDIAGNOSE your crypto portfolio and identify a) what is MISSING from your crypto investing system, or b) what needs to IMPROVE in your current crypto investing system.

You will learn how to access your monthly online follow ups to make sure you get continual training, new tools, & security updates, etc. since the crypto investing landscape changes very rapidly. Bootcamp summary & wrap up. Final bootcamp Q&A. Whats the next steps?

The TOTAL VALUE of the Cryptocurrency Investing Bootcamp is$95,930!

Obviously, the Cryptocurrency Investing Bootcamp is NOT a good fit for everyone

If you would rather struggle WORKING HARDandlose your hard earned moneyto figure it out on your own instead of learning to do it RIGHT from a team of grizzled & experienced crypto investors (like Leon Fu Dot Com and Tai Zen) who have already crossed the minefield of crypto investing terror then this bootcamp is NOT a good fit for you. If you have a tendency to be negative, stubborn, whine, bitch, complain, & youre difficult to work with, always want to be right, or blame outside circumstances for your results then this bootcamp is NOT a good fit for you. If you are NOT willing to be TEACHABLE, COACHABLE, TRANSPARENT & be held ACCOUNTABLE and would rather stay right where you are, instead of investing in skills that could potential help you make Life Changing Money FAST in crypto then this bootcamp is NOT a good fit for you. If you plan to sit on your butt and do absolutely nothing and you are NOT interested in doing the RIGHT action steps we show you that are necessary to REALLY Make it Happen! and give yourself a chance to possibly create Life Changing Money then dont bother registering for the bootcamp because its not the right fit for you. If you can IDENTIFYthe cryptos that can potentially create Life Changing Profits & already know the RIGHTTECHNICAL ANALYSIS TOOLSto identifyWHENto get IN and OUT then you dont need our bootcamp. If you dont believe there is a massive opportunity to create Life ChangingProfits in crypto investing as an early bird investor and alreadyhappy with makinga tiny1-10% profit in traditional stock investing then our bootcamp is not the right fit for you. If you have a spouse that doesnt UNDERSTAND the Life Changing Opportunities available in crypto investing and thinks you are wasting your money instead of seeing this bootcamp as an INVESTMENT in yourself & will be calling us up to nag, yell, bitch and complain about you attending our high value bootcamp then this bootcamp is NOT for you. Obviously, if you have to use your grocery or rent money to register for the bootcamp then this is not the right time for you. please come back later. Also, if you do not know how to: a) turn on a computer b) operate a computer mouse c) operate multiple windows on a computer d) search for a website on a browser, PLEASE DO NOT REGISTER FOR OUR BOOTCAMP! because we will REFUND you immediately the minute we find out you do not know how to use a computer! This is NOT a joke! Lastly, if your name happens to be Warren Buffet, Bill Gates, Michael Dell, Donald Trump, Satoshi Nakamoto or Vitalik Buterin, you probably wont even need the Cryptocurrency Investing Bootcamp!

On the other hand

If you have the burning desire to make Life Changing Money Faster Than You Ever Have and SICK & TIRED of struggling to figure things out alone & listening to bullshit from people who dont make a living from crypto investing then this bootcamp is a perfect fit for you. If you would like to have multi-millionaire crypto traders like Leon Fu Dot Com, myself (two of the most popular & trusted crypto investors online) and our team in your corner, holding your hand, & show you how we made Life Changing Money in crypto & quit our jobs & retired early then this bootcamp is a perfect fit for you. If you would like to spend 4 full days, in person, with Leon Fu Dot Com, myself and our team in a PRIVATE and INTIMATE setting and have us help you with any & ALL aspects of crypto investing followed by 1 FULL YEARof follow up & technical support then this bootcamp is really your ONLY choice! If youd like to be a part of a crypto investing Family where you get to meet AWESOME PEOPLE, create AMAZING friendships for life, who become LIFELONG & SUPPORTER then this bootcamp is a good fit for you. If you are DISGUSTEDwith the measly returns you are getting in your traditional stock investments and want to find opportunities in crypto that has a potential to make Wall Street like PROFITS then you definitely need to attend the bootcamp. If you realize you made some FAT PROFITS from investing in a random crypto such as Bitcoin, Litecoin, Ethereum, Factom, Monero, Dash, Stratis, NEO, Verge, Decred, Cardano, etc. off of pure luck and you want to hit it big again using REAL investing SKILLS only if you knew how to find the next big winner and not have to rely on luck again then be sure to register for the bootcamp immediately! If you want to GET RIDof the anxiety, nervousness, self-doubt, and FEAR of picking picking the wrong cryptocurrency and lose your hard earned money then dont think twice about it and register for the bootcamp today because its the perfect fit for you. If you are REGRETFUL that you didnt LOAD UP on certain cryptoswhen you had the opportunity because you were unsure or scared.. then register for the bootcamp now and dont wait.

Before you decide if theCryptocurrency Investing Bootcamp is for you or notI want to tell you why this program is vastly different from everything else thats ever been created on the topic of cryptocurrency investing.

Reason #1 This is the FIRST TIMEEVERthat a training program was designed specifically to help investors create Life Changing Profits and not just some EXTRAmoney or extra cash because we have not seen extra money make a significant change in anyones life.

Reason #2 This bootcampis co-created by the two highlyrecognized and world renowned multi-millionaire crypto investors on the internet (Tai Zen& Leon Fu Dot Com) who specialize in creating Life Changing Profits from cryptocurrency investing.

Reason #3 There will be no theorists or paper traders teaching the bootcamp! We have clearly documented all our crypto calls and picksBEFORE they happen on our YouTube channel for all to see, unlike many crypto investors who claim success after the fact.

Reason #4 This will be a condensed, high-impact, Best Of The Best, ground breaking, most comprehensive, step by step, crypto investing training of its kind andyou will have a complete A to Z method to systematically and effortlessly find potentially profitable cryptocurrencies, identify high probability entries, calculate the correct bet size, know when to get out if the investment goes against you, and know how to take profits when you are profitable so you are not scrambling around like a chicken with its head cut off asking your family and friends (who are uneducated about crypto) when to take profits.

Reason #5 We do not believe you should be in front of the computer all day making short term, in and out trades because that is no different than having a job working at home instead of at the office. After the bootcamp, you will learn how to PUT your money to WORK for YOU in the crypto market .

Reason #6 Its the first time that a program has ever been created SPECIFICALLY to help beginning & experienced crypto investors understand the true inner workings of the crypto market by two, highly experienced, multi-millionaire crypto traders.

There are plenty of bullshit investing tricks, gimmicks, magical softwares, paper trading techniques, investment advisors, newsletters, etc. that appear to work and if they did, you wouldnt be reading about our bootcamp right now.

If you want to be a consistently profitable crypto investor then youre going to have to becomean educated crypto investor and learn some REAL crypto investing SKILLS! We believe the more you learn, the more you earn and I seriously doubt you willfind anything else on the market that remotely comes CLOSE to the same level of high caliber training as our bootcamp!

This will be a private, intimate, and very hands on training bootcamp witha 40 Seat Limit! We only want a small number of students so thatwe have plenty of time to personally work with everyone during the bootcamp and the 1 year follow up.

The tuition for the Cryptocurrency Investing Bootcamp is $25,000.

You can register for the bootcamp using any cryptocurrency that trades over $1 million in volume per day according to http://www.CoinMarketCap.com. If you want to register using a crypto that trades less than $1 million per day, please email me at Tai@Cryptocurrency.Market and we can discuss it.

YES, there is a guarantee, if after attending the 1st day, you feel that Leon Fu Dot Com and I did not deliver on what is promised on this website, you can choose to turn in your materials and ask for a full 100% REFUND and youll get it (just make sure you have your crypto address handy because we will ONLY refund the cryptos back to the originalcrypto address).

Now theres no excuse for not attending. If youre serious about learning how we made Life Changing Money in crypto, then register ASAP before the limited number of seats are filled. Once the 40 seats are filled, the bootcamp registration will beclosed!

DURING the bootcamp you will receive:

1. Cryptocurrency Investing BootcampTraining Manual Version 2.0 ($995 value)2. 4 Days of Hands On Training With Tai Zen & Leon Fu Dot Com ($92,930 value)3. 2 Hardware Wallets To Store Your Cryptos Offline ($150 value)4. 115 Dell Latitude Business Class Laptop For Trading, Storing & Transferring Cryptos ($1,200 value)5. 115 Dell Latitude Business Class Laptop For Staking & Masternode Investing ($1,200 value)6. TaiFu Crypto Diagnostics Trade Log ($995 Value)

AFTER the bootcamp you will receive:

1. 90 Min Monthly Online Q&A Sessions Once A Month To Keep You On Track ($5,970 Value)2. Emergency Coaching Sessions When There Is A Major Crypto Security Alert (Online) ($5,970 Value)3. Cryptocurrency Investing Bootcamp Home Study Course ($15,960 value)4. Complimentary Access to the TaiFu Indexes for personal use only when it becomes available. ($995 Value)5. Complimentary Access to the TaiFu Portfolio Tracker for personal use only when it becomes available. ($995 Value)6. TaiFu Private Group Chat

Step #1 Click on the link below to register for the bootcamp:Click Here To Secure Your Bootcamp Seat Now!

Step #2 Pay your Bootcamp registration fee. We use Coinbase to process all Bootcamp registration fees. If you like to register for the Bootcamp using a different crypto please email me at Tai@Cryptocurrency.Marketwith your a) full name b) city, country c) phone number and a good time to call you so I can help you process the payment over skype.

Step #3 Book your flight & hotel for the Bootcamp using the hotel info we provide you.

Step #4 Complete the required computer security setup before attending the bootcamp.

If you have any questions about the Bootcamp registration process, please call our office at: (214) 233-6316 and ask for Tai.

None of the following subscribers have been paid by us to make the following comments. All they got from us was solid cryptocurrency investing knowledge!

Read more from the original source:

Cryptocurrency Market How To Create Life Changing …

Investing in Cryptocurrencies – Cryptocurrency Market News

Dont fight the FUD: HODL onto this list of bitcoin terms you need in your vocabulary

By now, even casual crypto investors have acquired a general understanding of bitcoin and acronyms like ICO (thats initial coin offering for the still-stumped). But just as important to understanding the enigmatic world of blockchain and cryptocurrencies are far more obscure digital assets less understood by the average noob. 21 min ago10:32 a.m. March 16, 2018

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Investing in Cryptocurrencies – Cryptocurrency Market News

Cryptocurrency Definition | Investopedia

What is a ‘Cryptocurrency’

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion.

The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin’s success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

Central to the genius of Bitcoin is the block chain it uses to store an online ledger of all the transactions that have ever been conducted using bitcoins, providing a data structure for this ledger that is exposed to a limited threat from hackers and can be copied across all computers running Bitcoin software. Many experts see this block chain as having important uses in technologies, such as online voting and crowdfunding, and major financial institutions such as JP Morgan Chase see potential in cryptocurrencies to lower transaction costs by making payment processing more efficient.

However, because cryptocurrencies are virtual and do not have a central repository, a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist. Since prices are based on supply and demand, the rate at which a cryptocurrency can be exchanged for another currency can fluctuate widely.

Cryptocurrencies are not immune to the threat of hacking. In Bitcoin’s short history, the company has been subject to over 40 thefts, including a few that exceeded $1 million in value. Still, many observers look at cryptocurrencies as hope that a currency can exist that preserves value, facilitates exchange, is more transportable than hard metals, and is outside the influence of central banks and governments.

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Cryptocurrency Definition | Investopedia

Coinranking – Cryptocurrency prices

Base currencyUSD – US dollarEUR – EuroJPY – Japanese yenBGN – Bulgarian levCZK – Czech korunaDKK – Danish kroneGBP – Pound sterlingHUF – Hungarian forintPLN – Polish zlotyRON – Romanian leuSEK – Swedish kronaCHF – Swiss francNOK – Norwegian kroneHRK – Croatian kunaRUB – Russian roubleTRY – Turkish liraAUD – Australian dollarBRL – Brazilian realCAD – Canadian dollarCNY – Chinese yuan renminbiHKD – Hong Kong dollarIDR – Indonesian rupiahILS – Israeli shekelINR – Indian rupeeKRW – South Korean wonMXN – Mexican pesoMYR – Malaysian ringgitNZD – New Zealand dollarPHP – Philippine pesoSGD – Singapore dollarTHB – Thai bahtZAR – South African randBTC – BitcoinETH – Ethereum

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Coinranking – Cryptocurrency prices


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