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The Correlation Between Gold and Bitcoin, Holytransaction

The Correlation Between Gold and Bitcoin

The Correlation Between Gold and Bitcoin, Holytransaction

The digital age embraces new technology and adapts to it very quickly. Nowadays, investors have an opportunity to diversify their portfolio with digital assets and not just physical ones. However, while digital assets have risen in fame in the last few years, their volatility and unpredictability have investors question whether or not these types of investments are actually safe. On the other hand, gold has always been a “safe bet” among investors.

The main reason is that gold is an excellent hedge against inflation, global instability and economic crisis. As for Bitcoin, many people have claimed that it’s the digital gold, but so far, Bitcoin was unable to provide the same level of investment security as gold. Many people still wonder if Bitcoin and gold are correlated. When comparing prices, the Bitcoin price is certainly very volatile, while gold pretty much retains its price with slight variations. Here’s more insight into the correlation between gold and Bitcoin.

Difference of investment

As mentioned before, investors have an opportunity to opt for digital assets instead of just physical ones. The rise of Bitcoin’s price in 2017 that was alongside a price increase in gold made people believe these two assets are correlated. However, people who invested in Bitcoin did so mainly because this digital asset was unregulated by governments and they intended to reap the benefits of that situation.

On the other hand, people investing in gold were looking for a safe investment to secure their funds, as gold is usually used for that. In other words, the cryptocurrency market was explored by investors who were speculating on the outcome, while gold was sought after by investors looking to secure their funds. Simply put, there was no direct correlation other than the investors’ interest in both assets during the same period.

Different assets

The difference between the assets upholds their lack of correlation. Gold is a physical asset, which means its use and properties are much more flexible than Bitcoin which is purely a digital asset. Gold has inherent value, it can be used in various industries and has cultural value as well. That means that gold is, and will always be highly sought after and on high demand. That’s why the gold price has remained steady throughout the years compared to Bitcoin prices that experience extreme volatility. For instance, Bitcoin reached its top price of $17.900 on December 22, 2017.

On the 5th of February, 2018, the price of Bitcoin fell to $6.200, which is more than 50% decrease in less than two months. The price of gold is determined by the global economic situation and demand, whereas digital assets are unregulated and their prices are uncertain at best. For example, gold prices go up whenever there are fluctuations in the stock market. Investors prefer an asset that can secure their funds or even yield a profit as opposed to an asset that’s too risky.

Market dynamics

The gold market is more mature and well-developed, as well as regulated. On the other hand, the crypto market is fairly new and still in the process of adjusting. The increased popularity of digital assets also leads to the adoption of more cryptocurrencies. Aside from Bitcoin, there are over a thousand different currencies on the market. However, not all currencies are sought after or have the potential to become investments. That’s why the crypto market still cannot correlate with gold, but that doesn’t mean digital assets won’t experience more stability in the future.

Even though the idea behind Bitcoin and blockchain technology was originally to be unregulated by officials and decentralized from a banking system, it seems that it does require a bit of regulation in order to stabilize and operate on an optimal level. The lack of security and safety does force investors to tread carefully when investing in cryptocurrencies, whereas gold can provide certain security even in the worst of scenarios.

Relationship between assets

So far, experts have been arguing about the existing or nonexistent correlation between gold and Bitcoin. Regardless of the current situation, there’s undeniably a relationship between the two. Both assets are considered hedges against inflation and global economic difficulties. However, gold is still perceived as a more stable investment than digital assets.

The fact of the matter is that whenever cryptocurrency value decreases, gold prices go up, as investors return to their “safe haven” investment. The main reason is digital asset volatility. Increased volatility means greater risks and investors would prefer not to risk it, making investments that are meant to secure their funds. With that in mind, when the digital currency market stabilizes, the relationship between these two assets may improve and there may even be more correlation between them as well.

 

Whether there’s a correlation between gold and Bitcoin is still debatable. Where one party sees a correlation, others see coincidence. That’s why it’s difficult to determine the relationship between these two assets. As for now, gold is considered a less risky and a more flexible investment, whereas Bitcoin, although perceived as a hedge, is considered too volatile to overtake gold. From an investor’s point of view, gold and digital assets are two very different assets.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Things You Should Know About Crypto Currency, Holytransaction

Things You Should Know About Cryptocurrency

Things You Should Know About Crypto Currency, Holytransaction

Living in a world of technology, where news through social media and live broadcasting is at our fingertips; it would be foolish to presume that the readers are oblivious of the word “cryptocurrency.” 

All of us must have heard this word cryptocurrency on the media and if not there, then at dinner parties surely. But unfortunately, just knowing the word doesn’t mean you can interpret or pick what it is and how does it work.

No worriment, you are not all alone, despite the hype and press releases there is an overwhelming majority of people who have insufficient knowledge about cryptocurrency including bankers, finance dealers etc. Now let’s discover what the fuss is all about, reading the article will end up providing you the information more than most of the people.

Cryptocurrency a digital asset

“Cryptocurrency will do to banks what email did to the postal industry”

The comprehensible definition of cryptocurrency: “A cryptocurrency is a digital or virtual currency.” but why it is called “Crypto” currency because it uses cryptography for security.

Or it is a digital medium of exchange that uses encryption to secure the process involved in the transaction. The encoding process makes it impossible to counterfeit the cryptocurrency; therefore making the fund transfer safer between two parties.

You can easily find more than 800 digital currencies in the market and Bitcoin is just one of them. Need to mention it as many people think that cryptocurrency and Bitcoin is the same thing with two different names. Like cryptocurrency is a whole tree and Bitcoin is just a branch of it.

Although, Bitcoin is the world’s oldest and well-known cryptocurrency, like any other digital currency it is not regulated or backed by the government. Sir Richard Charles said, “There will be other currencies like it that may be far better, but in the meantime, there is a big industry around Bitcoin.”

You might have heard the words Etherium or Litecoin, just other names of Cryptocurrency. Moreover, the name, symbol, and the price of the cryptocurrencies can be different depending on its end goal. When bitcoin first arrived, they were intended to be a way for the world to break away from banks.

The use of cryptocurrency 

Other than just an increase in value, many other reasons make it imperative for users to own it. It bestows the possibilities that no other currency allow. For example, the following

  • You can use it to sell or buy products and services like any classic flat currency. But the trick is you have to find the donor or the acceptor who deals in cryptocurrency.
  • Send or transfer money at low cost and high speed.
  • Crypto-currencies act as a censorship-resistant alternative store of wealth; it means it can only be accessed by the owner, a person who has private keys to the wallet. Therefore, no personal cryptocurrency wallet can be frozen by the authorities.
  • It provides you the great investment opportunities; you can even transfer your retirement funds into an account for Bitcoin, Etherium, Ripple et cetera. And if you want to avail these services at shoestring budget, you can use coupons.
  • With cryptocurrency you can transfer large amount of money with being answerable to government or bank that why, who and how much.

        Conclusion

The market for cryptocurrency is rapid, vast and wild. Every day it takes a new twist and turns; the new currencies pop up, an old one dies, early adopters get rich, and investors suffer losses. But the fact is that people all over the world are buying cryptocurrencies, investing in it as they are sure that cryptocurrency is here to stay and change the world and that’s an undeniable truth.   

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Crypto Kings, Holytransaction

Crypto Kings, who they are?

Crypto Kings, Holytransaction

The skepticism around cryptocurrencies, specially at the beginning of the blockchain era, was very high.

Things, however, are much more different now.
In 2017, the popularity and value of cryptos literally skyrocketed as the fame of some crypto-investors did.

The various features and benefits of the blockchain, which have allowed its incredible growth, probably are still misunderstood by many. But everybody knows someone who have become millionaire/billionaire thanks to this technology. And probably this has a lot to do with all those “normal” people who tried to invest in BTC. Money has been their drive.

Instead, (many of) the ones who earned real fortunes were prepared, competent and profoundly committed to a higher vsion.

Below, you will see a list of 15 crypto kings that are making history with their engagement in the field of cryptocurrencies. Check out the infographic below provided by our friends of BitFortune.net to learn all about these people.

Crypto Kings, Holytransaction

Crypto Kings, Holytransaction

Crypto Kings, Holytransaction

Crypto Kings, Holytransaction

Crypto Kings, Holytransaction

Crypto Kings, Holytransaction

Crypto Kings, Holytransaction

Crypto Kings, HolytransactionCrypto Kings, HolytransactionCrypto Kings, Holytransaction

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

Welcome to the Universal Wallet and Exchange, BAT Token

If you thought about holding or exchanging BAT Token, now you can do so directly with your HolyTransaction Universal Wallet.

It’s now possible to add BAT wallet to your dashboard and use it to access and exchange 21 different crypto, instantly. This is just one of the many recent adoptions, which we are proud to announce and that brought the number of cryptocurrencies accepted on our platform to 21.

Now you are free to store BAT on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to BAT. All HolyTransaction customers can create a new address for their own BAT Token Wallet.

BAT Wallet features


Just like Bitcoin and all the other 20 digital currencies supported, you can now:

  • Send BAT Token to any address, even to addresses of other crypto, with instant conversion on the fly;
  • Receive transactions;
• Exchange BAT Token with any supported coins;
  • 
Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you are not able to see your newest BAT Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

Basic Attention Token:

Introducing a decentralized, transparent digital ad exchange based on Ethereum Blockchain.

Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain. The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.

In the ecosystem, advertisers will give publishers BATs based on the measured attention of users. Users will also receive some BATs for participating. They can donate them back to publishers or use them on the platform. This transparent system keeps user data private while delivering fewer but more relevant ads. Publishers experience less fraud while increasing their percentage of rewards. And advertisers get better reporting and performance.

The first part of the solution, the Brave browser, is already operational. Brave is a fast, open source, privacy-focused browser that blocks ads and trackers, and contains a ledger system that anonymously measures user attention aggregate to accurately reward publishers.

Discover all the details on the official website https://basicattentiontoken.org

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
The industrial Revolution rides on Blockchain, Holytransaction

The Industrial Revolution rides on Blockchain

The industrial Revolution rides on Blockchain, Holytransaction

Blockchain technology has often been confused with cryptocurrencies.

This is the reason why people barely understand this crazy crypto world.

Indeed, we can say cryptocurrencies are projects born and raised on the Blockchain technology. We have to look at them as startups, which try to transform a sector or an industry providing a solution based on their coin.

In fact, the core strength of Blockchain lies in the capability to allow the exchange of data securely, anonymously and in a decentralized way; keeping them unchangeable.

Data mean money, votes, info, intellectual property and so on.

This is precisely why it is a revolution. Now maybe you can better understand why some fundamentals values of the blockchain scares government and authority. Being decentralized means NO MIDDLEMAN.

Moreover, we are glad to provide the more curious ones, with this compelling infographic which explains the transformational impact of the Blockchain Revolution on various industries.

Thanks BitFortune for sharing it with us.

 

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, HolytransactionThe industrial Revolution rides on Blockchain, Holytransaction

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

HolyTransaction adds ZRX

How about opening a Universal Wallet to hold and exchange your ZRX?
From today it is possible as we at HolyTransaction have decided to add ZRX to be among the 20 cryptocurrencies available on our multicurrency wallet and instant exchange.

So from now on you can store ZRX on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to ZRX. All HolyTransaction customers can create a new address for their own 0x Token Wallet.


ZRX Wallet features

Just like Bitcoin and all the other 19 digital currencies supported, you can now:

• Send 0x Token to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange 0x Token with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.

If you are not able to see your newest ZRX Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.


What is 0x Project?
0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. It is being used for streamline token trading in decentralized exchanges, executing off-chain orders via Ethereum powered smart contracts.
0x’s decentralized trading focuses on an off-chain ordering relay that cuts back on gas prices and reduces network bloat.  Only value transfers are executed on-chain, leaving all other trading commands to off-chain procedures.

The creators have imagined the world to go around the Ethereum blockchain, allowing assets to have everything from digital game items to stocks, gold, and fiat currencies. They imagined tons of different types of tokens, and an opportunity for improvement. There is a huge possibility that by 2020 thousands of assets will be tokenized. In the future, all cross-blockchain solutions will allow cryptocurrencies to freely and move between blockchains, without limits. So the 0x Team created a form where people interested in building a relayer can connect with one another.

Do you want to open your 0x Token wallet? Click here.
Open your free digital wallet here to store your cryptocurrencies in a safe place, while always being ready to exchange it instantly.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Blockchain use explained with Google Docs

blockchain_use
To explain how the blockchain use to the newbies it is easier to compare its functionality to Google Docs, the popular document tools I’m using to write this article.
“The Business of Blockchain” author, William Mougayar, in fact, said that the two tools have something in common and this comparison is very useful to explain the blockchain use.
Everyday you can find new use cases of the distributed ledger and the more people understand how it works, the more we will see an improvement in this revolutionary technology.
Who invented the blockchain didn’t probably imagine all of its possible applications, which is the reason why nowadays there are more and more experts with a deep knowledge in a particular side of the technology.
But, the first step is having a good expertise in the blockchain use. 

Blockchain Use is similar to Google Docs

The blockchain is similar to a database, but the ledger doesn’t revolution databases themselves, but how they get synchronized, explained Mougayar in his article appeared on Coindesk.
If two banks need to update their own account balances, they need to spend a lot of time and energy to coordinate, synchronize and ensure that each transaction works correctly.
In this case, money is held by the sender until it is received by the beneficiary. 
But with the blockchain, this process changes a lot because there is only a single ledger and not two separate databases.
This is similar to Google Docs: what happens when you share a document and users need to edit it?
With traditional text editors users need to transfer the documents back and forth, losing time, energy and likely losing track of the versions. 
With Google Docs, instead, all the users involved have access to the same document at the same time, and that document together with the updates are always visible real-time to each of them.
The same thing happens with the Blockchain compared to traditional ledgers.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi