Today, we are pleased to announce that HolyTransaction is adding support for swapping to Bitcoin on Lightning Network and thus introducing the ability to deposit and withdraw using Lightning Network.
By adding this capability, HolyTransaction is set to revolutionise the speed, cost and security of depositing and withdrawing Bitcoin on to its platform.
Lightning Network is a software stack which sits on top of the Bitcoin blockchain and, as the name implies, ensures faster and cheaper transactions for its users.
Other than super fast speed and lower fees users will notice a new format of address called invoice when they send or receive Bitcoin via the Lightning Network. The team at HolyTransaction reported that the integration has been successful and hassle free.
Lightning Network brings three essential product benefits to the HolyTransaction exchange:
• Instant Payments. With the use of smart contracts security across the network is much higher and because the stack is built ‘on top’ of the Bitcoin network no transaction confirmations are required. This makes instant payments super fast, super secure and, of course, super cheap.
• Scalability. The massive upscale in transactions per second eclipses any traditional legacy payment rail on the market today. Furthermore, payment ‘with click’ becomes a true reality as the need for financial custodians are eliminated.
• Low Cost. Because Lightning Network does not interact directly with legacy Bitcoin infrastructure itself Lightning Network enables transaction with incredibly low fees. This in turn will stimulate economic growth in new and emerging markets.
In real terms this means Bitcoin deposits and withdrawals on HolyTransaction will be much faster and much cheaper when using Lightning Network.
At the time of press average costs for sending a Bitcoin transaction currently stand at around $2 with confirmation times of around 10 minutes. This clearly has limitations. However, a Lightning Network enabled transaction will cost less than $0.01 and take somewhere in the region of 1-3 seconds.
Adopting Lightning Network will make HolyTransaction more attractive for users who wish to send transactions with added security at much lower cost and super fast speed. HolyTransaction is happy to report that Lightning Network has been integrated for both desktop and mobile application versions.
Lightning Network was envisioned in 2015 and has seen significant growth throughout 2021 which has lead to it being regarded as the most popular layer 2 scaling solution on the market for Bitcoin today. With continued adoption Lightning Network may just help to finally realise the original Bitcoin goal of providing a scalable, fast and cheap financial payments network to the world.
The team at HolyTransaction believe the adoption of the Lightning Network is the logical step in the development of the platform. Lightning Network adoption will enable HolyTransaction to continue to provide a first class crypto trading experience and offer competitive fees with super fast finality times.
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Cryptocurrency users are still a small minority. The total number of users was at 106 million as of January 2021. That sounds like a lot, but when you consider a global population that is nearing 8 billion, you can see that it is just a tiny fraction of people using crypto.
Whether you are in crypto or not, it is going to have an increasing effect on business. You can see Bitcoin mining operations selling shares on stock exchanges, large businesses looking into uses for crypto coins, and more people taking an interest in buying and using cryptocurrency.
At the current trend, crypto coins are becoming more common every year. If it holds, it might not be a matter of if people start using different cryptocurrencies, it could just be a question of when.
In the digital age, businesses are now connected internationally like they never before. Beyond the large multinationals, it is increasingly becoming common for smaller businesses to have significant international connections. This is not only true as it concerns deals with other companies, but businesses now have employees or contractors they work with from around the world.
Using cryptocurrency as a medium of exchange for international transactions could solve a lot of problems for these businesses. First, cryptocurrency could ease the burden of having to convert currency for several different countries. Beyond that, it could also make transactions faster, cheaper and more convenient by cutting out the traditional middlemen that would typically be in the middle of these transactions.
One of the factors that have held back many cryptocurrency markets is the lack of support from mainstream institutions. Banks wouldn’t let you make transactions with crypto exchanges, and it was hard to find businesses that would allow you to use your cryptocurrency. This is changing rapidly.
Beyond the ability of investors to use an ultra fast trading app to make trades, we now see a range of big institutional investors buying cryptocurrency. Along with that, some of the world’s largest financial businesses are starting to work with crypto. As an example, PayPal started offering a range of cryptocurrency services earlier this year. You also have major credit card companies that are starting to work with crypto on a limited level.
One of the main claims of many crypto skeptics is that the coins have no inherent value. This is true in a sense. The value of most crypto coins is solely based on the perception of people in the market. While that might be true, you could make the same argument for most fiat currencies. The value is based on the fact that people will accept it in exchange for goods and services.
Crypto has an advantage over many fiat currencies: the fact that many crypto coins have a limited supply. As inflation acts on fiat currencies, crypto could grow in popularity as a hedge. In the future, many investors will hold crypto in the way that they hold gold as a protection against inflation.
Raising or distributing equity usually means creating conventional shares of the business. While this could be a way to raise money or provide value to employees, it does come with a range of hurdles. One way to get around many of these hurdles would be to create crypto coins that represent shares in the company.
Instead of jumping through all of the regulatory hoops to issue shares, the business could give people crypto coins as equity. Instead of holding an IPO, the business could do an ICO as a way to raise capital from investors.
With the rise in crowdfunding platforms, the ability to raise money is easier than it ever has been. These platforms not only make it easy to raise money from the public, but they also offer a level of transparency that is popular among those looking to donate or invest. With that said, these platforms often take a significant portion of the funds in fees.
Using a blockchain wallet for crowdfunding could be a way to get the transparency of a crowdfunding platform while avoiding the fees. This would allow those looking to raise funds to do so off a platform, but with the blockchain ledger, potential donors or investors could still see the donations coming in.
Crypto is a field that is always evolving. As businesses see the benefits and new applications become available, it will become more common. With that said, the markets are unpredictable. The only thing that we can be sure of is that there will be ups and downs along the way.
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Today, we are pleased to announce that HolyTransaction Wallet is adding support for swapping L-BTC and thus introducing the ability to deposit and withdraw bitcoin using Liquid Network.
Bitcoin on the Liquid Network, or L-BTC, is verifiably backed 1:1 by bitcoins on the mainchain as Liquid is a federated sidechain between bitcoin exchanges and market makers. Once the coins are transferred from BTC to L-BTC, HolyTransaction users can take advantage of the massive speed and increased security features.
Why is Liquid support such a big deal?
Liquid Network is capable of operating ten times faster than Bitcoin’s own network, which opens up a world of possibilities for the users, particularly when it comes to the speed, faster transactions, and lower costs of making payments. Imagine having to only wait for one minute for your transaction to be processed, as opposed to at least 10 minutes, which is what Bitcoin’s blockchain requires. That is what Liquid Network offers, and what customers of HolyTransaction will now have the ability to do from within their wallet.
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The debate about Bitcoin’s inventor, known as Satoshi Nakamoto but otherwise shrouded in mystery, has raged for years. As Bitcoin continues to rise in value, this unknown inventor is presumed to have become a very rich individual indeed. When Satoshi invented Bitcoin, was he driven to profit, mining and hoarding early Bitcoin aiming to accumulate great wealth?
In 2013 first Sergio Demian Lerner presented his research on the early mining patterns Satoshi is presumed to have taken, it revealed around 1 million BTC (now worth around $10bn) hoarded by the creator. For many who see Bitcoin as an anti-establishment currency with an equalizing power, to attribute such vast wealth to Bitcoin’s creator is anathema, undermining the main narrative around Bitcoin and Nakamoto’s original motives. If Nakamoto is as driven by capitalist economics as the nearest banker, is Bitcoin fundamentally different from traditional currencies after all?
Nakamoto’s defenders argued that these 1 million missing Bitcoin were simply forgotten by early miners, and the inventor himself had no such hoard. Indeed, even researching these Bitcoin was taboo. Yet Lerner was unsatisfied with this answer. That’s why he has spent the last seven years unravelling the mining techniques used to unearth these early Bitcoin. What these techniques reveal is that Satoshi (if that is who mined them, Lerner refers to this individual as “Patoshi” to emphasize that we can’t truly know) seems to have been protecting the security of the network rather than pursuing profit after all. The reputation of Bitcoin, and its mysterious inventor, remains intact.
Early Mining Techniques
In order to learn more about the missing Bitcoin – and the individual who mined them – Lerner decided to remine the first 18,000 Bitcoin blocks to see what it revealed. He assumed that these blocks would have been mined with software that was similar, if not identical, to that which came with the first Bitcoin release. This public code was how early miners set about Bitcoins first blocks. The “Patoshi” pattern of how these Bitcoin were mined could ultimately reveal something about the motives of Bitcoin’s inventor, assuming Nakamoto and Patoshi are one and the same.
Through remining these early blocks, Lerner came to a startling discovery. Patoshi’s software was in fact nothing like the software being used by other early Bitcoin miners. Was this Nakamoto giving himself a leg up in the early gold rush of Bitcoin mining? The difference in the mining patterns of the public software and Patoshi’s processes became the keystone of Lerner’s research. Two theories stood out. Firstly, that Patoshi was using an early version of today’s pooled mining processes by combining multiple CPUs. The second theory – seemingly borne out in Lerner’s research – is that Patoshi was multi-threading.
Patoshi’s Multi-Threading
Multi-threading is a hashing technique using intensive computer processing to sweep for multiple nonces (the cryptographic element that Bitcoin miners are searching for) at once, rather than on an individual basis. By rescanning the early blocks, Lerner was able to assess which nonces Patoshi discovered, thus revealing the patterns by which Bitcoin’s inventor was mining blocks. Ultimately, Lerner has demonstrated that Patoshi/Nakamoto was generally finding higher-value nonces thanks to the multi-threading technique, and not because they had superior processing power, but because they had a better process for using their CPU.
Ideology Before Profit
Lerner’s meticulous analysis of the early mining patterns attributed to Bitcoin’s founder reveal that each time Patoshi mined a new block, his miner was turned off for a short interval. If Nakamoto was driven by profit, this is contradictory behaviour as it gives the rest of the community an opportunity to unearth new blocks. Lerner posits that Nakamoto wanted to see fair competition amongst early miners, and distribute Bitcoin equally at the start of the network.
At the same time, Patoshi’s multi-threading would have allowed them to uncover new blocks when they were not being mined by other early users, thus enabling the network to continue ticking over. These patterns have led Lerner to argue forcefully that the security of the network – and not profit – was Nakamoto’s motivation for their early mining patterns.
Still Unknown
It remains an assumption that Patoshi and Nakamoto are one and the same, and the identity of this individual is still unknown. But Lerner’s research strongly indicates that profit was not an early motivator of the Patoshi pattern.
Kristin Herman is a tech enthusiast and a project manager at Essayroo.com and Boomessays.com online writing services. When she takes a break from the screen she likes to curl up with a good book, albeit one about cryptotrends and digital landscapes!
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We all know how cryptocurrency rose to power and the impact it’s having on the world, but now it’s confirming its place as a form of finance that is used and accepted around the world, it’s time to look to the future, in particular, hedge funds.
Have you ever thought about how cryptocurrencies are effective hedge funds, and how many believe that cryptocurrencies are, in fact, the future of hedge funds? Well, the future is now. Crypto hedge funds are already popping up here and there, and while 150 exist at the time of writing, there are many more on their way.
In fact, many believe that this number could double, if not triple, over the coming year. While it’s clear the venture capital industry is changing as we know it, today we’re going to share what we already know, and what we can expect in the coming years.
It’s Far from Ready
By many estimates, there are over 15,000 hedge funds around the world, 150 cryptocurrency hedge funds don’t seem like a lot. Even if you triple this number to 450, that still such a small percentage of the total hedge funds count, so why is this such a big deal?
The truth is, the industry is still growing and finding its feet, which means once it’s able to stand up for itself, so to speak, then it will really start to take up. At the moment, it’s still in its crawling days.
Rough estimates state that the hedge fund industry is worth around $3 trillion, whereas the amount of money going to cryptocurrencies is only around $3 billion. I know these are still huge sums of money, but on the grand scale of things, it’s tiny. However, this is predicted to change over the next 12 months.
This is because cryptocurrency values and estimates are still way too high, and many cryptocurrencies are way too volatile, which means investors are being cautious around them. Additionally, with so much competition in the industry, it’s hard for investors to know what to focus on, and what investment opportunities are worth the risk.
Many people still see investing in cryptocurrency as gambling, and it’s true, there’s still a huge factor in investing it. However, if the rate of integration of cryptocurrency into the mainstream continues as well as it is already, this shouldn’t continue to be a problem over the next few years.
When you consider that the top 35 cryptocurrencies are valued at over $1 billion, so it’s not going to be ignored any time soon.
Technology is Evolving
Of course, blockchain technology is responsible for making cryptocurrency work in the way it does, but it’s important to note that this technology is still evolving. There’s no denying that the technologies and services are still being invested in, but it’s a long way off being where it needs to be, although this is changing rapidly, and the hedge funds markets are reflecting this.
The more success that comes from the technology, the more it will be developed, and the more funds it will have invested in it, and therefore the faster it will evolve. This will be represented by a rapidly spiking curve over time and will happen fast.
The Tides are Changing
Look at the market, and what do you see? There’s no denying that cryptocurrency is the way that the market is going to go. After all, millennials are already ‘unbanking’ and moving their money in cryptocurrency deposits, rather than traditional banking systems and networks.
Traditional banking systems are noticing this and now, of course, have to consider cryptocurrencies in their banking strategies, and will continue to do so over the coming years. From an investor’s point of view, it’s important to start looking at these strategies and at how cryptocurrencies can be incorporated into their investment strategies.
If you don’t already have a cryptocurrency investment strategy existing, this is something you need to think about because you’re going to be left behind.
Although investors with cryptocurrency strategies are already ahead of the curve, the tides are changing fast, and you don’t want to be left behind and without a strategy when cryptocurrencies play such an integral role in the markets.
Michael Dehoyos is an economic consultant and editor at Coursework Writing Services. He assists companies in their marketing strategy concepts, and contributes to numerous sites and publications, as well as offering investment advice.
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Image courtesy of GammaLaw
Digital currencies have created a buzz since the sudden rise of the Bitcoin price. They have, over time, become a new trend in the global money market due to their incredible benefits. Here are some of the aspects that tend to make cryptocurrencies so important.
Bitcoin and Litecoin are arguably the most trusted and safest digital currencies in the world. In a world where looters and cons are everywhere, virtually everyone wants to trade safely. Cryptocurrencies give online traders that assurance, and that’s why people consider them as a reliable means of exchange.
The recent increase in the demand for Litecoin and Bitcoin can be attributed to policies that govern cryptocurrency networks. Cryptocurrencies are a digital currency, which means traders rarely need a third-party to complete a transaction. That often gives online traders a sense of security and reassurance. Cryptocurrencies tend to allow online retailers to transact anytime and anywhere.
Bitcoin and Litecoin are considered a low-cost means of transaction. The cost of transacting with cryptocurrencies can be far less than other currencies. The fact that the cryptocurrency network is responsible for compensating miners tends to eliminate transaction fees. Low-cost transactions could mean that cryptocurrency users won’t shell out money in exchange for Bitcoin and Litecoin. All a cryptocurrency user may need to transact is knowledge of cryptocurrencies and a smart phone.
Cryptocurrencies can be stored in a safe e-wallet or USB drive. Storing your bitcoin or Litecoin in either an e-wallet or USB drive may not attract any fee.
Privacy has been a concern for most people transacting over the internet. Cryptocurrency users can expect their financial transactions to be highly confidential. You can transact using bitcoin and still be anonymous. With digital currencies, the seller and buyer don’t transfer money directly. Instead, the cryptocurrency network often serves as an intermediary, which means that users may not share their credentials with anyone. Cryptocurrencies can be used as a new measure to curb identity theft, which has become a menace in the global money market. If something seems doubtful, you are at liberty to share any information you may want with your merchant. By accepting payment in digital currencies, online traders tend to accept and welcome clients who would wish to remain anonymous. Accepting payments in bitcoin can make a brand an industry leader and increase its awareness.
Cryptocurrencies can be bought in a fraction. That means you can invest any amount of money in cryptocurrencies. For example, if you can’t afford a full unit of bitcoin, you can split it and invest in a quarter or half of it. That can help reduce the cost of investing in cryptocurrencies and avoid overspending. With a crypto converter, an investor can find out the price of any digital currency in their country.
Using digital currencies can make you autonomous. Cryptocurrencies tend to eliminate third-parties, so you can be sure that no fees or commissions are involved. These currencies can also allow online traders to manage their accounts.
Decentralization is a feature that often makes cryptocurrencies lucrative for merchants and customers alike. It means that digital currencies can’t be subservient to any authority or agency. No one owns digital currencies, which means no individual can have control over it. Digital currencies can provide online retailers with the freedom to transact without worrying about geographical barriers.
Digital currencies are considered a game-changer in the global money market. Their incredible benefits are arguably the reason behind their recent popularity. Cryptocurrencies are considered the safest and most trusted currencies around the world. You can store Bitcoin and Litecoin in the cloud or USB drive and move with them anywhere around the world. By using bitcoin, online traders can expect their transactions to be confidential. Digital currencies are also a reliable medium of exchange that can give sellers and buyers control over their accounts. The fact that Bitcoin and Litecoin can be bought in a fraction can make digital currencies an affordable investment.
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The second half of 2019 was really difficult for Bitcoin. According to independent experts, the total volume of public digital assets has decreased by more than 50% – from $388 billion to $166 billion. However, there is other evidence. Yes, the cryptocurrency market really fell to the bottom if you look at these statistics, but let’s not forget that market conditions are dynamic. And the factor that means failure today may well mean success tomorrow.
There were periods of stabilization of the exchange rate, but for a long time cryptocurrency lost much in price. At one time, panic even started on the market, and Bitcoin was predicted to soon fall to zero. Against this background, the results of the year sounded quite unexpectedly: cryptocurrency turned out to be the most profitable investment. The coin rate rose from $4035 to $ 7344, providing investment growth by 82%.
This year will be great for Bitcoin, Wall Street analyst and Fundstrat founder Tom Lee suggested. The destabilization of relations between Iran and the United States is one of the reasons.
Plus, modern realities make it possible to add a supposedly modern coronavirus epidemic to these factors. However, at the moment there is no consensus among experts on how the coronavirus will affect the Bitcoin exchange rate. It is still unclear whether we are dealing with a real threat to people’s lives or is this another hype, a political company, or an attempt to distract investors from other, more important issues.
However, even those experts who believe that the disease can affect the main digital coin explain that this will happen only if the outbreak develops into a full-fledged epidemic.
Venture capitalist Tim Draper is also confident in the long-term growth in Bitcoin value. In an interview with FOX Business, he advised millennials to invest in cryptocurrencies, as they are on the verge of a new financial revolution. However, the explosion of the financial revolution will slow down due to the influence of the values of older generations and the obsolescence of the current banking system.
Bitcoin exchange rates are very unstable. Cryptocurrencies have already shown that it can rapidly fall and take off at a breakneck pace. Due to this state of affairs, bitcoin does not inspire confidence among many investors who would be happy to invest big money in the development of the blockchain, but fear for their savings. In 2020, we are unlikely to have to observe the strong influence of this factor, but we should not forget about it.
About the author: Gregory is passionate about researching new technologies in both mobile, web and WordPress. Also, he works on Best Writers Online the best writing services reviews. Gregory in love with stories and facts, so Gregory always tries to get the best of both worlds.
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Bitcoin has transitioned into a stage of its evolution at which it is viewed almost entirely as a commodity. We discuss how to store it, compare it to gold, consider its long-term value, and generally treat it as a financial asset – even, to some extent, like a stock. This is perfectly appropriate given that the cryptocurrency’s volatility, as well as constantly wavering government positions on regulation, have kept it from being adopted as a widely used currency. The argument is over as to whether it is “more” currency or “more” commodity. It is the latter.
What sets bitcoin apart in some respects though is that it never did have to be one or the other. Consider the comparison to gold again. You may hold a stash of gold as a long-term protection of a chunk of your assets, and with the hope that it will appreciate in value. But you can’t exactly buy something online by chipping off a piece of gold (which in most cases you don’t even hold in a physical sense) and handing it over. This is true of most major investable commodities – but it is not true of bitcoin. As you’re likely aware, there are still places that it can be used like ordinary money, even though it is best viewed as a long-term vehicle.
For those interested, the following are among the most noteworthy places you can actually use the cryptocurrency for practical purposes.
1.) Travel Booking Websites
Bitcoin made something of a loud entry into the travel booking business when it was accepted by Expedia and Air. These were among the biggest or at least best known companies to embrace cryptocurrency early on, and even though Expedia has since renounced cryptocurrency, the notion of using bitcoin for travel-related costs caught on. Travel platforms accepting bitcoin or other cryptocurrencies still include various air travel and hotel booking companies, which means people are free to address what are often some of their biggest expenses in a given year via cryptocurrency.
2.) Microsoft Gaming
Fairly early on in bitcoin’s expansion to the mainstream, it was attached to video games, not necessarily through Microsoft so much as Steam. An online service that allows people to download a gigantic range of games, Steam was in some ways a perfect vehicle for purely digital transactions. However, the services topped accepting bitcoin due to volatility. In the meantime, Microsoft kept right on accepting cryptocurrency and is now one of the more significant companies doing so. In particular, Xbox-related purchases through Microsoft platforms can be conducted via bitcoin.
3.) Gaming
gaming is an interesting category, because it is almost like its own separate gaming industry. It’s comprised of and table games, digital slot arcades, roulette, and more, and in some cases a site will also have an included sportsbook. Payment options vary greatly, with some sites requiring credit card information and others using payment processors; in some cases, games are presented for free play as well. However, there is now a small but growing list of online sites that do take cryptocurrency deposits, and which also issue crypto payouts. It’s not a stretch to say that in short time bitcoin could be the norm for this particular form of entertainment.
4.) Shopify
Shopify is a more specific mention here, but feels like one of the more significant areas for bitcoin adoption, simply because it represents a busy, peer-to-peer marketplace. The fact that bitcoin can be used to buy goods via Spotify indicates that in some cases people prefer it when dealing with other people, rather than companies, and opens the door to all kinds of potential crypto marketplaces in the future.
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We are very happy to publish this beginner’s guide to Bitcoin and Blockchain technology.
As you might know, Bitcoin is the first ever decentralized cryptocurrency. It’s fungible, portable, divisible and irreversible. The Bitcoin was firstly invented by the name SATOSHI NAKAMOTO in the year 2008 and it was later published as an open source in the year 2009. But the person or group behind the invention have no traces of identity as the bitcoin was published by an unknown person or group using the alias Satoshi Nakamoto.
After the invention of Bitcoins many cryptocurrencies emerged out, where some used the same system and structure of bitcoin and others implemented the structure and made better digital form of currency. They are often termed as ALTCOINS which means Alternate coins of bitcoin.
To record all the transactions of the bitcoins a public ledger called BLOCKCHAIN has been invented. The blockchain plays an important role, the whole bitcoin network completely relies on the blockchain.
Now you are ready to start reading the infographic!
Learn and Enjoy.
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Investment opportunities are a dime a dozen in the digital world, but unsurprisingly, cryptocurrencies are among the most interesting prospects aspiring investors are looking at. Unlike their traditional counterparts such as gold, stocks, traditional currencies, and other, cryptocurrencies and the blockchain platform they reside on offer a chance at the big leagues for any investor that makes the right move at the right time. However, that doesn’t mean that established assets shouldn’t be ignored.
Bitcoin has turned eight years old this year, and the now mature digital asset has had a strong ROI rate throughout its life, fueled by its constant and steady adoption around the globe. With outstanding payouts that topple some of the most lucrative investment assets on the market, it’s time to take cryptocurrencies more seriously.
However, there are a number of factors that make shares a strong and secure investment opportunity that cryptocurrencies might not be able to match. Let’s consider the market trends and help you discern between shares and cryptocurrencies as viable investment prospects.
Through trial and error, through success and failure, Bitcoin has become a sound investment portfolio option. Out of the six previous years, Bitcoin has yielded a great return on investment and will only continue to rise in the months and years to come. With the computational networks becoming more secure and stronger than before, and with the coming of flexible and reliable wallet services, it only stands to reason that modern investors should look towards cryptocurrencies as viable investment opportunities.
Even though investors have had difficulties penetrating the market over the years because of the inherent volatility of the market and the unpredicted growth and fluctuations, modern market trends indicate a more secure investment arena for the upcoming period. The increase in market liquidity, regulatory oversight, and overall security is making Bitcoin and other cryptocurrencies more appealing to investors worldwide, as well as countries willing to adopt the cryptocurrency as a new method of payment in select instances.
The stock market is a veteran among investment assets and remains one of the most stable markets on the planet. Buying a share in a company that is operating profitably will grant you smaller or greater returns over a number of years, depending on the fluctuations in the market and the worth of the company’s stocks. You can choose to invest in a range of businesses varying in size and equity though a broker or an investment fund.
Over the last year, though, profitable small cap stocks have made a boom in the industry and created a lucrative investment arena that aspiring investors should take into consideration when planning their next big move. Even though major tech companies continue to garner the attention of the investment world, small cap stocks prove to be an easier way into a stable market and show a great potential for grand financial returns in the years to come. However, financial return should not be your only guiding star.
One of the greatest concerns for any investor is whether or not the market in question is safe and stable enough for storing assets without them vanishing into the abyss with no prior warning. It’s a well-known fact that the cryptocurrency market is not regulated by any traditional means, but rather is was envisioned and still serves as a public ledger that works as a decentralized data management system – a system where every transaction is stored.
This means that the cryptocurrency market is not regulated by any governmental body, nor is it recognized by legislature or financial institutions. As such, cryptocurrency transactions cannot be influenced, capped, reserved, or identified by third parties. However, this creates a possibly volatile investment environment the stock market is protected from.
The stock market is one of the safest investment markets in the world. The fact that it is extremely well-regulated by federal law and financial institutions ensures a higher level of security and accuracy, while the strict vetting process for participants from both sides ensures transparency for investors. All of this works together towards creating a safe investment arena, and it also helps make sound forecasts in terms of market fluctuations, giving more control to the investor.
With all of that said, it’s important to note that Bitcoin has never been hacked, nor is it likely to get hacked any time in the future. The projected amount of computing power and time needed to crack into individual transactions and wallets is almost impossible to replicate in real-life scenarios, and so blockchain stands tall as the most secure platform on the web.
While it is true that Bitfinex and Mt.Gox have been hacked in the past, nowadays the cryptocurrency game offers far more superior security options to its investors. With cryptocurrencies, the assets you store in your wallet are safe. This cannot be said for other investment assets, as every digital trading game has its set of liabilities and risks the hackers can exploit.
Investors are constantly looking for emerging opportunities and lucrative assets that will yield a high ROI over a specified number of years, and both the stock market and the crypto market offer a good chance of a high return on investment. That said, the stock market offers a more stable and well-regulated investment arena, whereas cryptocurrencies offer extreme returns to those who invest in the next big project.
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