5 Awesome Facts About CryptoCurrency

Published on: 04 July 2018 Last Updated on: 25 July 2024

Cryptocurrency has only been around for ten years or so but it is a phenomenon that many people are aware of, even if they have not invested themselves. There is a lot more to cryptocurrency than many people realize. This type of currency has a lot of potential in terms of how it could grow and what it can be used for. This adds to the excitement of what could happen next and a lot of people are now feeling this anticipation.

Here are five amazing facts about cryptocurrency that you may not know.

1. No One Knows Who Founded Bitcoin :

Bitcoin

Bitcoin is perhaps the most well known of all the cryptocurrencies but the person that founded it has always remained anonymous. It is assumed that they have made a lot of money from their invention but they have never made any public announcements about their identity. The name Satoshi Nakamoto is often used but this could be a pseudonym or even the name of a group of people.

2. It Is Very Volatile

The value of cryptocurrency can rise and fall very sharply and this makes it a very volatile market. However, it also makes it a good type of currency to trade because people are able to buy when the price is low and sell for a good profit when the price begins to rise. Cryptohead.io can be a very useful site to visit when you are looking to invest because they have all the information and advice that you will need to make an informed decision about your investment.

3. Cryptocurrency Can Be Broken Down Into Fractions :

Almost all types of cryptocurrency can be broken down into fractions when a purchase is being made. This is usually a half or a quarter but can be as low as one-tenth. This means that even when the value of a particular cryptocurrency is quite high, people still have the chance to invest with a low amount by just buying a fraction of the currency.

4. You Cannot Get Any Access To The Currency Without Your Wallet :

All of your cryptocurrency will be stored in your wallet and if you lose access to this then you will not be able to get hold of any of your money. However, as long as you take the necessary precautions to keep the details of your wallet safe then you should have nothing to worry about. Digital wallets are incredibly secure so they can be used with confidence.

5. Blockchain Is Essential For A Successful Currency :

In order for a cryptocurrency to be successful, the right technology is needed to be able to support it. The system that is used to record and store information about any digital transaction is known as a blockchain and it has several features which help to make cryptocurrency work even better. It is available 24/7 and so people will always have access to their currency when it is needed and there are only going to be more features added to the blockchain in the future.

Even though there have been issues with stability when it comes to cryptocurrency it is a trend that is likely to be around for a while. If you are thinking about investing in any type of cryptocurrency then it is always a good idea to do some research first. There is much more to learn about cryptocurrency than just the facts that have been talked about here.

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Abdul Aziz Mondol

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

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11 Tips To Save Money For Financial Trouble And Emergencies

A lot of students or newbie job seekers are always stressed about saving up money. They ought to earn their own money and manage all their expenses, including food, groceries, housing, internet and phone bills, and more. Well, there are certain expenditures that go unnecessary and that you might overlook when you are in financial trouble. In this article, you will learn about how to save money when you are in a financial emergency. Here, this article will offer you 11 tips with the help of which you can make your situation a bit better. Hence, to learn more, read on to the end of the article. Top 11 Tips To Save Money For Emergencies The following are the eleven tips to save money that you must follow if you are in financial trouble or are saving for emergencies: 1. Getting Call Tracking Services With our busy lives around us, we usually do not stress much about our phone bills and ignore how much we are paying for them, considering it a necessity. You will see the difference in your spending once you refer to the best call tracking services in Australia. It gives you the opportunity to show how much revenue is being generated during your phone calls and helps you save some money with it. 2. Eating At Home Junk food and fancy restaurants drive most of us crazy. The delicious Chinese and Italian food we crave after each day of work makes us spend a lot on food. To save up, try cutting down on junk food. If you crave some, try making it at home. This way, you will be safe from unhealthy ingredients and will have fun with family or friends while cooking. 3. Cut Off Gym This might sound a bit offensive to some people, but if you are really not that regular with your gym, you better end up with the membership and try walking to your place of work instead of using public transport or your car, which uses a lot of oil. 4. Ignore Car Washes Instead of getting your car washed every weekend and having to pay for it, try giving your car some time and cleaning it on your own at weekends. If you are not really good at it, give it a professional wash once in two months. 5. Shopping Measures This is one small but very helpful tip. When it’s summer, all you wear is a big jacket and cover your inner clothes up, which makes them hidden. So instead of buying new clothes in the winter, wear the old ones as they are hidden anyway and just buy the necessary overcoats. 6. Grocery Make sure the groceries you are buying are of use, and nothing will rot in the back of your refrigerator. A lot of us buy stuff imagining a new recipe and end up forgetting about it. This wastes not only our money but also the fresh food we just brought. Either don’t buy fancy products (if you are not really interested in cooking) or do not keep them hidden. You can have a timetable made if you are pretty organized. 7. Drinks If you buy canned juices or soft drinks because you are a liquid stuff addict, you should know the preservatives and amount of sugar used in them. Usage in huge amounts might end up hurting your stomach and is a waste of money. Try exploring and making your own juices or smoothies and store them in your refrigerators. 8. Record Your Expenses If you do not have a budget for how much you will spend, you will never be able to save for emergencies. Hence, you must keep track of all your expenses. For instance, you have to keep track of every household item, subscription, monthly bill, and many more. To start recording your expenses, you can use a budget notebook or a budget app on your phone. 9. Set Saving Goals It is crucial to have a savings goal for your own case. Here, firstly, you have to think about what you are saving for. Then, you have to divide your saving goals into long-term and short-term goals. Additionally, you must estimate the amount of money you need to save. Then, by comparing it with what you earn, find an estimate of the time you might take to save up to that amount. 10. Focus on Your Financial Priorities How much you allocate to your savings goals depends on your financial priorities. For instance, if you are saving for an emergency situation, you must start putting away money now. Hence, you must keep your long-term goals in mind. Moreover, if you are planning for retirement, you must ensure its importance over short-term needs. Therefore, it is crucial that you prioritize your goals. This will give you an idea of where you must allocate your savings now. 11. Use Automatic Saving Options Choose automated transfer between your savings account and savings account. Here, the bank will give you an option of when and how much to transfer. Also, you have the option to split your deposits. This means a portion of your paycheck directly goes to your savings account. Follow The Above Tips To Save Money If you follow the above tips to save money, you can eventually end up saving a lot for your future. This will help you to cope with financial turmoil and stay prepared for emergencies. Moreover, never forget to review your budget every month and check your progress. Do you have more tips to offer to save money? Please share your ideas and opinions in the comments section below. Read Also: The Importance Of Saving: The Bedrock of a Bright Financial Future Can Families Be Happier and Healthier And Still Saving Money? Don’t Get a Second Job: 10 Unconventional Ways to Make Money

Glenn Sandler (CPA) of G.I. Tax Service: What to Do If You Can’t Pay Your Taxes

Things happen, circumstances change, and often, people find themselves unable to pay their taxes. If you find yourself in a similar position, it is important that you understand the gravity of the situation. Continued refusal to pay your taxes could lead the IRS to take it forcibly: by garnishing your wages or putting a lien on your assets. However, according to Glenn Sandler, CPA, founder of G.I. Tax Service, there is no need to panic. If you can’t pay your taxes or you owe an amount in back taxes, you can enter into an agreement with the IRS and leverage one of their several payment options. Here is how to go about it: Ensure that you are in filing/payment compliance: To enter into an agreement with the IRS, you must ensure that all your tax returns are filed. The next step is to keep enough of your wages aside to pay off your taxes for the current year. To do this, you will need to estimate your tax returns for the year and ascertain that the wage percentage that was withheld will suffice. If you don’t know how to file tax returns or make accurate enough estimations, please contact tax professionals that will help you through the process. Review your tax returns: Check your tax returns to ensure that the balance that the IRS expects you to pay is correct. The smart play is to calculate your returns for the years you owe and the 3 years that precede it, i.e., if you owe taxes for a year, review your account for the past 4 years. By doing so, any discrepancy between your calculated returns and your tax balance (according to the IRS) can be remedied. Also, if you incurred any penalties in the past, you can try to get them reduced or removed completely. Enter an agreement with the IRS: Once you have filed your taxes and are back in compliance, and have confirmed that you owe exactly what the IRS says that you do, the next thing to do is enter an agreement with the IRS. The alternatives available include: A brief extension of the payment period. The different installment agreements (monthly payment plans with varying terms and conditions). Postponed payment (known as currently not collectible status) for people in financial hardship. An offer in compromise (OIC); a settlement option that allows taxpayers with special and extenuating circumstances to clear their debt by paying a portion of their total balance. Depending on their individual situations, taxpayers with back taxes are eligible for one of the above. Before deciding on which of them to apply for, evaluate your current assets, calculate how much you can pay per month, and consider the effect of incurring even more interest and penalties. Consult a tax professional: If you don’t know how to do any of the above, your best bet is to reach out to a tax expert at G.I. Tax Service. They can help you file your returns and ensure that you are in compliance, check your tax returns and correct any discrepancies, and apply for one of the IRS’ payments options after considering your financial circumstances. When managed smartly, tax debt does not have to be disruptive. All you have to do is secure a payment plan that works well with your income, and before you know it, the debt is all gone. Read Also: Are Payday Loans Really As Bad As People Say? 7 Simple Tips To Pay Off Your Loans Faster

The Profit Revolution: The Best Bitcoin Trading And Investing Platform

Ever since Bitcoin first emerged on the scene, it has been able to polarize opinions, make millionaires overnight, and create secure Blockchain technology. It has also managed to make the world leaders stand up and take notice, obstruct and demonize a democratic and open call for mass equality. The earliest investors in Bitcoin became billionaires in no time. They went from being your average kids to billionaires and millionaires driving supercars and buying villas in downtown LA. However, Bitcoin and other cryptocurrencies came under severe criticisms. From funding terrorists and notorious arms deals to sex trafficking and other evils, world leaders left no stone unturned in opposing the biggest challenge to the global economic and financial order ever. In this article, we will not be looking at the philosophical aspects of Bitcoin or its impacts. We will be looking at how investing in Bitcoins can help you earn handsomely and make the practice a sustainable professional practice. Bitcoin Trading and Investing: Which Platforms to work on? If you are confused about why you will need a Bitcoin Trading Platform, let me clear the air on that one. A bitcoin trading and investing platform work in exactly the same fashion as a share or stock platform. The platform helps you with real-time calculations, suggestions, data and financial expert services at all times. All of the above factors help you make the right informed decision at all times. This minimizes the risk of losses that are the frequent complaints of many a Bitcoin investor. We need to acknowledge the fact that Bitcoin trading has seen its fair share of difficulties. To help you tide over such uncertainties, you need a financial expert that can guide you with the right kind of information. Imagine a situation where you had bought some Bitcoins in early 2018. I am sure all of you remember the depths to which the valuation fell in late 2018. 90% of people who owned Bitcoins sold them and exited their investments. However, the people who bought them at those crashed prices held on to them and saw their value increase to nearly $10000 USD in October 2019. Why should I use the Profit Revolution? There is no doubt that the Profit Revolution is one of the most attractive trading platforms in the digital currency world today. Let us look at some of the factors that make them an immediate choice- 1. The Human Factor (24x7 Financial Expert Consultation): One of the best features of the Profit Revolution platform is the Expert Financial Help on offer 24x7. You can talk to an expert at a time of your convenience from anywhere in the world. Automation is good, but if you have a human element guiding you at all steps of your journey, you definitely feel more reassured. 2. Data and Automation to drive Decision Making: The biggest financial institutions and stockbroking firms use sophisticated AI and Machine Learning to compute data and inform decision-making. Profit Revolution uses the same tech and helps you see how the markets at behaving at all times. They also show projections, trends and offer suggestions on which stocks you should be moving on. 3. Instant Monetization Benefits: Yes, there are other platforms as well. However, the worst criticism of them is that they have several hindrances when it comes to withdrawing funds. On Profit Revolution, you can withdraw the funds instantly from your linked Bank Account. It is as simple as that. No time stipulations, no minimum balance maintenance, and no extra paperwork. Conclusion: If you are looking to invest in Bitcoins, you should check out the Profit Revolution platform. It is easy, convenient and offers complete security at all times. 2019 is perhaps the right time to invest in Bitcoins. Several experts are of the view that the valuation is likely to hit $15000 in early 2020. What are you waiting for? Read Also: Bitcoin Profit Review 2019 What To Expect When You Become A Forex Trader Exciting Facts About Cryptocurrency And Crypto Wallets

5 Awesome Facts About CryptoCurrency

1. No One Knows Who Founded Bitcoin :

2. It Is Very Volatile

3. Cryptocurrency Can Be Broken Down Into Fractions :

4. You Cannot Get Any Access To The Currency Without Your Wallet :

5. Blockchain Is Essential For A Successful Currency :

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Abdul Aziz Mondol

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

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11 Tips To Save Money For Financial Trouble And Emergencies

Glenn Sandler (CPA) of G.I. Tax Service: What to Do If You Can’t Pay Your Taxes

The Profit Revolution: The Best Bitcoin Trading And Investing Platform

5 Awesome Facts About CryptoCurrency

1. No One Knows Who Founded Bitcoin :

2. It Is Very Volatile

3. Cryptocurrency Can Be Broken Down Into Fractions :

4. You Cannot Get Any Access To The Currency Without Your Wallet :

5. Blockchain Is Essential For A Successful Currency :

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Getting your personal finances in order with a proper budget strategy

5 Ways to Become a Profitable Landlord

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

Leave a Reply

Popular

Follow Us

Recent

Related