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Category Archive: digital currency

Shares or Cryptocurrencies, Holytransaction

Battle of ROI: Should You Invest in Shares or Cryptocurrencies?

Shares or Cryptocurrencies, Holytransaction

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.

The potential of the cryptocurrency market

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.

A case for the stock market

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.

Regulation and governmental oversight

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.

The security of assets on the blockchain

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.

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

Jack
Bitcoin explained to the next generation, Holytransaction

Bitcoin explained to the next generation

Cryptocurrency for 5 year olds, Holytransaction

Almost everybody in the world who has access to the internet has heard of Bitcoin, even small children. However, hearing about it and actually knowing what it is are two different things.

This is why our friends from mikesgearreviews.com realized and then shared with us an exceptional infographic.

Indeed, Cryptocurrency is a complicated matter which some adults can’t even comprehend, much less kids. But it’s also possible to teach some basic concepts to non-techie people too. 

Here’s a new way to teach children about Bitcoin’s values and logics in a way that is easy for their inquisitive brains to understand.

Enjoy this analogies and remember to keep you mind fresh. Get in the shoes of a five year old now:

Cryptocurrency for 5 year olds, Holytransaction

Cryptocurrency for 5 year olds, Holytransaction

Cryptocurrency for 5 year olds, Holytransaction

Credits:
Infographic from mikesgearreviews

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

Jack
Holytransaction, 5 Gold Trading Lessons for Today’s Cryptocurrency Investors

5 Gold Trading Lessons for Today’s Cryptocurrency Investors

Holytransaction, 5 Gold Trading Lessons for Today’s Cryptocurrency Investors

For people who have traced the movements of Bitcoin since its inception, it’s hard to believe that it has only been around for less than a decade. As discussed here on HolyTransaction, the world’s first cryptocurrency has had a wild ride so far, from the downright bizarre (two pizzas for 10,000 BTC) to the extremely exciting. As of the start of the year, Bitcoin’s market cap was valued at $280 billion (€226 billion), with cryptocurrency like Ethereum following at impressive valuations of $90.4 billion (€73 billion).

These figures make investing in cryptocurrencies incredibly tempting, but also quite daunting. With such a young market, there aren’t a lot of set rules or trends that can help guide you on your investment journey. This is where looking at similar trading commodities like gold and other precious metals come in. After all, FXCM explains that gold trading is simultaneously one of the oldest and most exciting ways to invest in global markets, and this remains true whether in times of war and turmoil or peace and prosperity. With the right focus and lots of discipline, there’s plenty of wisdom to be uncovered from looking at the history of gold trading.

Whether you’re a beginner looking to dip your toes into the cryptocurrency pool or an experienced trader hoping to build your wisdom in Bitcoin investing, here are five golden lessons for today’s cryptocurrency investors.

Diversify, diversify, diversify!

This tip seems basic, but focusing on a single trading commodity remains one of the most common mistakes investors make. A conservative position in gold investing means a maximum of 10% gold in your portfolio, and this is something that you can keep in mind when investing in cryptocurrencies. This can not only protect you from unexpected Bitcoin price dips, but can also open up better growth opportunities with lower risks and good returns. From the over 1,300 different cryptocurrencies in existence, This is Money recommends looking into altcoins like Litecoin, Monero, and Dash this 2018.

Stay calm in the face of volatility.

Gold can easily swing by a hundred pips and reverse every few minutes, which means trading in gold requires a certain degree of thick skin and steel-like determination. These are also very handy when trading cryptocurrencies, which are infamous for their volatility. In crypto-speak, be ready to “HODL”, or hold on for dear life (your coins), even when everyone else is panicking.

Set a loss limit.

Be sure to set acceptable loss limits for your investments and avoid buying too much. Financial Times reports that even a trusty commodity like gold has its own set of risks, which means it’s healthy to set stops for each individual trade for a maximum allowable loss that you are comfortable with. Invest only what you can stand to lose, and keep evaluating your trading strategies to learn which cryptocurrencies are best suited for you.

Keep your eyes on the prize.

Whatever your feelings are about shiny yellow metals or blockchain-enabled digital currencies, Forbes claims that these are still commodities that can be sold when prices are high and bought when prices are low. Focus on market trends and see where the prices are heading, and use these to inform your decisions. Pay attention to cycles, growth patterns, and market potential to make decisions, instead of which cryptocurrencies everyone else is buying.

Security and safety is a must.

Last but not least, invest only on trusted trading platforms and certified services. Millions of people have been victimised by gold-related scams and fraudulent brokers over the years, and it’s important to carry the same level of vigilance when carrying out cryptocurrency wallet transactions. Keep your money and investments safe with your free digital wallet here at HolyTransaction.

Do you have any other tips for cryptocurrency trading? Let us know in the comments below!

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

Jack

Europe Blockchain: € 1m to study the distributed ledger

europe_blockchain
The European Parliament might start to study the blockchain technology with a task force of € 1m. 
A member of the European Parliament, in fact, suggested to create a program focused on studying digital currencies and the distributed ledger. 

Europe Blockchain: a legislative objective

This news comes a few months after the legislative arm of the European Union approved a task force proposed previously this year by Jakob von Weizsäcker.
Von Weisäcker now asks for financial support to fund the program.
He explained that the task force should be organized in order to position the European Commission at the forefront of an innovative technology.
“This pilot project aims at creating a Task Force, staffed with regulatory and technical experts, in order to build up technical expertise, regulators capacity and develop use cases, especially for governmental applications, in the field of distributed ledger technology (DLT) as proposed in the Resolution of the European Parliament on virtual currencies.”
The task force project is one of the most important legislative efforts that came from Europe about the blockchain. 
“Too early hard regulatory measures would stifle innovation and hamper its potential. Waiting too long might lead to a materialization of systemic risks,” commented Von Weisäcker. 

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

Satoshi

Why Banks must adopt Digital Currency

banks_must_adopt_digital_currency

Why Banks Must Adopt Digital Currency

Financial Institution ICAP explained why banks must adopt digital currency in the near future.
Recently a group of banks announced their project to build a private blockchain and create a new digital currency to be used within financial institutions with the goal of improving fund transfers and reducing costs. 
Called the “Utility Settlement Coin”, this program was created by Clearmatics and tested by UBS, BNY Mellon, Deutsche Bank, and Banco Santander
This consortium is also participated by ICAP, but the company decided to stand apart from this project for now, because a new settlement system based on a cryptocurrency that works in a private blockchain could be disruptive for their business.
ICAP, in fact, is an electronic dealer broker and provider of post trade risk services, carrying out transactions for financial institutions and private individuals, so exactly the kind of infrastructure that the USC might impact. 
But, ICAP doesn’t want to go against modernity and innovation so it wants to let people understand how a proprietary distributed network should be adopted. Also, ICAP said it might join the project later. 
ICAP Michael McFadgen explained to Coindesk:
“A long-term vision for market infrastructure based on distributed ledgers is that it has some common layers that the market uses widely. One of those layers is hopefully the Utility Settlement Coin. We will likely be building on top of that.”

A private Blockchain

The Utility Settlement Coin works on a blockchain called “Decentralized Clearing Network” and it aims at providing easier access to central bank-issued cash.
ICAP also announced they completed a test with startup Axoni to convert trade data from banks, so it could be processed on a private blockchain, but this program is not overlapping with with the USC one.

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

Satoshi

Banks want to issue their digital currencies

banks_digital_currencies
A few international banks want to issue their digital currencies soon. 
According to a recent report, those banks include UBS, BNY Mellon, Deutsche Bank and Banco Santander.
These four banks, also members of the R3 Blockchain Consortium, are working together with ICAP, a UK e-broker and aim at developing a cheaper way to do money transfers using digital currencies.
This banking group didn’t make an official announcement yet, but the new cryptocurrencies are expected to be available in 2018. 
Speaking about the pros of using digital currencies, Banco Santander commented that the traditional banking system makes it hard for banks to cooperate. 
To avoid this problem, banks could use the blockchain to transfer funds between wallets within a couple of minutes. 
Those banks want to issue their digital currencies to implement the same process that happens through the blockchain into the traditional system. 
To do so, they are working to create their cryptocurrencies to be used only within their network and banks will be miners that validate and store transactions on a blockchain. 
According to Oliver Wyman, this system can save banks between $65-$80 billion a year.

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

Satoshi

South Africa Bank will open to blockchain

south_africa_bank_will_open_to_blockchain
According to a new announcement, South Africa Bank will open to blockchain and digital currencies.


South Africa Bank will open to blockchain

During a recent speech at a cybersecurity event organized in Johannesburg, governor Lesetja Kganyago revealed that the South Africa Bank will open to blockchain and other innovations. 
Kganyago, who works at the Central Bank since 2014, commented that the South Africa Reserve Bank wants to use technologies that could help the bank to execute their mandate more effectively.
Kganyago explained in his speech:
“As a central bank, we are open to innovations despite the different opinions of regulators on matters such as cryptocurrencies. We are willing to consider the merits and risks of blockchain technology and other distributed ledgers.”
This news came after a position paper released a few years ago about digital currencies and blockchain use cases.

South Africa Bank Whitepaper on Digital Currencies

On this paper, the bank warned local consumers about the risks of using digital currencies such as money laundering and cyber fraud. However, it marked that it “does not oversee, supervise or regulate the VC landscape”.
Also, other institutions in South Africa revealed that they want to study and test the distributed ledger not only for fintech applications.

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

Satoshi

Reserve Bank of India to study blockchain applications

bankk_of_india_to_study_blockchain
Reserve Bank of India (RBI) proposed to local banks to study blockchain applications.
In fact, a bank deputy governor encouraged other Indian banks to collaborate within a research group previously created by the central bank on blockchain projects.
During a recent event held by the Institute for Development and Research in Banking Technology (IDRBT) on 19th July, Rama Gandhi explained how banks should develop applications for the blockchain and cryptocurrencies.
These were his words:
“Cloud-based computing, blockchain processing technologies and virtualization of IT systems are a few examples which hold potential for being used in a big way … Banks and IDRBT can work together to study these, test them out and adapt for best use.”

Bank of India wants its own digital currency

The Reserve Bank of India has been investigating distributed ledger applications of the technology since 2014, according to reports.
Back then Central bank governor Raghuram Rajan said that the bank could release its own cryptocurrency but no more details are available about this project. 

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

Satoshi

Russian Party accepts Bitcoin


Today reports explain that a minor political Russian party accepts bitcoin donations.

The center-right party created back in 2009 called the Party of Growth, in fact, will accept donations in the cryptocurrency. 
This news originally appeared on Interfax and TASS, two magazines about Russia and that cover remarks from Boris Titov, the head of the Party of Growth and advisor to Russian President Putin for business-related issues.

Why the Russian Party accepts Bitcoin 

According to these magazines, Titov explained that the party need funds from new sources, including crowdfunding and bitcoin – but only from people with verified identity, he continued. 
In fact, the party wants to promote the acceptance of the digital currency within its own country.
To do so, the party will also create a legislation that will be able to simplify the technology adoption and development in Russia.

“Russia can take advantage of the difficult economic situation that has developed today for us to become a very profitable country open to blockchain”.
Currently the party of Growth doesn’t hold any seats in the Duma, but it has two representatives in Russia’s regional legislatures.

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

Satoshi

Siemens Blockchain project for artificial intelligence

A few days ago the tech-giant Siemens revealed its new plan to invest in blockchain startups to develop an environment for forward-looking fields such as artificial intelligence and decentralized electrification. 

“Siemens will set up a separate unit to foster disruptive ideas more vigorously and to accelerate the development of new technologies. The unit’s name, “next47,” plays on the fact that Siemens was founded in 1847”. 
The German company, in fact, plans to found the so-called “next47” as a separate unit for startups, investing a $1.1bn in capital to be spent in a five-year period.

Siemens blockchain project

In the press release, Siemens specified that the new project might involve the distributed ledger, or the technology behind bitcoin. 
“The new unit will also concern itself with so-called blockchain applications that are designed to make data transfer in industry and in energy trading, for example, simpler and more secure”.
More info about the Siemens blockchain project will be announced soon. Stay tuned on the HolyTransaction blog.

Universal Wallet for Digital Currencies 

siemens blockchain

HolyTransaction is a universal wallet where users can store, spend, change and manage multiple cryptocurrencies such ​​as Bitcoin, Litecoin, Dogecoin, Omni Layer, Dash, Peercoin, etc. 
This way you can store all your digital currencies in a safe and unique place that allows you to easily manage your account.

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

Satoshi