5 Awesome Facts About CryptoCurrency

04 July 2018

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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Lucia Patterson

Lucia Patterson is the woman behind TheLegalGuides, a blog solely focused on legal guides, tips, and advice. Lucia loves essay writing and blogs at EssayWritingGuides from her college days.

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How To Start Your Investor Journey: 5 Credible Options To Explore

If you want to have a comfortable financial future, you should start investing. You must have understood that the trajectory of our lives can change anytime, and one of the most recent examples of that trend is the COVID19 pandemic. We have seen how a subtle, and stable economy can be turned over its head in a matter of few days during this time. During that time, people started investing in digital currencies such as ekrona to get a reasonable return. However, there are other investment options too. So, if you want to know about them, keep on scrolling. Why Should You Invest? Investing is an excellent source of passive income, and even if it sounds risky, there are plenty of safe investment options available in the market too. If you want to build a retirement fund, your only viable option is to start investing right now. This way, you’ll have an emergency fund too if your loved ones fall sick suddenly or you need a capital amount to start a new business. Top 5 Credible Investment Options To Explore If you are willing to take a little risk and start your investment journey, there are plenty of options to choose from. We are bringing the most credible ones here so that, as a beginner investor, you don’t have to go through too many complexities. Let’s take a look: 1: High-Yield Saving Accounts This is the safest yet more convenient investment option. The higher your cash balance is in an account, the more interest you get. They don’t have many overhead costs, which is why they let you earn much higher interest rates at online banks. If you want to access the fund immediately, you can always transfer it back to your account and withdraw the cash via an ATM. These are the safest investments because even if you don’t get a good return, you also don’t lose a dime. 2: Deposit Certificates Banks issues deposit Certificates. They usually offer a higher interest rate than savings accounts, which makes them an attractive investment choice. If you are looking at short-term certificates, they will be better options when you expect those interest rates to rise, enabling you to reinvest at higher speeds when the certificate reaches its maturity. These time deposit certificates are federally insured, and they have specific maturity dates that can range from weeks to years. This may be a drawback because you can’t withdraw the money before a certain period without giving a penalty. But, if you need immediate income in a short time, this is undoubtedly a good investment option to explore. 3: Government Bonds You can always invest in government bonds if you want a risk-averse investment option. For example, you can invest in mutual funds or ETFs, which won’t expose you to market vulnerabilities. Some government bonds also invest in debt-backed securities issued by government-sponsored business enterprises. Even though these investment options are considered low-risk, if interest rates increase, their return would decline. However, if you are stepping into the world of investment opportunities, this can be an excellent place to start and ensure a steady cash flow. 4: Dividend Stock Funds Dividend stock funds are a good investment option for almost any investor. Those who need revenue and can stay invested for extended periods may find these stock funds attractive. If you buy a group of individual stocks that provide a certain margin on dividends, you can generate a sufficient return on it. On top of that, if you invest in dividend funds, your stock market investments also become less risky. So the best part of dividend stock fund investment is you generate a substantial return on both short, and long-term prospects. 5: Cryptocurrency The most popular Cryptocurrency is Bitcoin. Although its price fluctuates significantly, the digital currency world attracts many investors. In fact, Bitcoin being the most popular digital currency, soared up to $30,000 at the start of 2021. However, it also declined by $60,000 before falling back into the static zone We understand the start of 2022 was rough for Cryptocurrency, but it is still a plausible investment option to explore. In fact, it is quite usual for these digital currencies to fluctuate markedly before eventually rising further. So those who bought and held may undoubtedly have a good return on their investment before this year comes to an end. The Bottom Line If you have gone through the article, you must have figured out the most credible options to start your investment journey. However, you must keep in mind that all investments come with a bit of risk, and nobody can control them. If you are willing to take that risk, start investing right away. For further information, let us know in the comment box below. Read Also: How Bitcoin Development Is Evolving? Is 2021 The Most Critical Year For Bitcoin And Other Cryptocurrencies? Three Rules for How to Buy Bitcoin as a First-Time User – Make Sure You Follow These Steps! 5 Ways First Time Traders Can Protect Their Bitcoins Against Thefts In 2021 5 Reasons Why Bitcoins Are Considered Reliable Investments

Tips to Lower Your Insurance Costs

Investing in life insurance can be an intimidating thought. It is safe to say that the younger and healthier you are, the lower your insurance costs will be. This is because a healthy person has a lower risk of dying as compared to a person with an unhealthy lifestyle. Hence, if you are thinking about life insurance here are a few tips that could help lower the cost of your insurance. Stop Smoking A smoker has to pay a much insurance premium as compared to a non-smoker of the same age. In some cases, this can be as high as triple the premium. So, if you smoke or use any other tobacco-based products, now is the time to quit. You will be considered a non-smoker after you have quit smoking for at least 3 to 5 years. Lose some Weight A number of health issues are caused by being overweight. Hence, insurance companies consider obese or heavy people a high risk and hence charge them a higher premium. Maintaining a healthy BMI can help you live a longer, healthier life by reducing your risk of heart diseases, blood pressure problems, etc. Schedule an Early Physical A thorough medical examination is one of the prerequisites of most life insurance policies. Try and schedule this exam in the early part of the day or on a day when you are relaxed and well-rested. This is because studies show that testing for blood pressure, cholesterol, etc. have lower results in the morning as compared to in the latter half of the day after you have had a stressful day or eaten a heavy lunch. Fasting for 24 hours before your physical could also help lower your cholesterol count. Be Honest If you suffer from a preexisting condition it may be tempting to try and hide this information from your insurance agency. However, doing this could cause you a lot of trouble. In most cases, the insurance company will recognize your health condition during the review of your medical history and medical exam. Since you did not disclose this condition, you will then not have an opportunity to explain the situation. Drive Carefully Along with your health records, an insurance agent might also ask for your driving record. While this may seem unconnected, it is not. According to many insurance agencies, a driver who frequently breaks traffic rules is likely to put himself or herself in a dangerous situation and hence is considered high risk. So, if you have more than the occasional ticket to your name, it may be wise to wait a few years before applying for insurance and drive more carefully in the meantime. Keep an Eye on Insurance rates Like everything else, insurance policy rates also change from time to time. Thus, even if you have already bought a life insurance policy, it is important to review and compare policies every few years. Affordable Life USA has great rates on life insurance. Along with comparing quotes, you should also update your policy from time to time to reflect the changes in your personal situation.

There is A Way To Save Yourself From Student Loans in 2021

Student loans can be helpful. You take out a loan to enroll in higher education, which can land you in better job opportunities, increasing your income. But of course, it can be a bit tough to save while you repay your student loans. Regardless, there are ways to save yourself from student loans, especially if you can manage the interest loans and pay more than the minimum. Here are effective ways to save yourself from student loans and pursue your dream job. 1. Pay Off Your Student Debt Faster The easiest way to get rid of your student loans is to pay faster. If you can, send massive payments to your loan servicer every month and do so ahead of schedule. Another method is to make half payments every two weeks instead of the full monthly payment. When that happens, you send the equivalent of an additional payment every year. Of course, you may not have the discretionary income to make the extra payments. However, you can get a side job and earn extra income on the side to increase your income. You have the power to do so. Here’s a little bit of motivation: consider how increasing your monthly or weekly payments can help you become debt-free faster. You can even save interest costs on top of that. You can use a student loan repayment calculator to show you how the smallest payments affect your student loans. 2. Find Out The Type Of Student Loans You Have It's essential to know the type of student loans you have and develop a repayment plan that helps you. If you have federal student loans, visit the National Student Loan Data System. You can check your student loans there. There are four broad categories of student loans: graduated, standard, extended, or income-driven repayment. Let’s go through them. Standard plan: Your loan servicer will divide the total amount of money you owe with the standard plan and spread it over ten years. If you pay the same amount for the next ten years, you'll finish paying your student loans. Graduated plan: Just like the standard plan, this plan lasts for ten years. However, you start your monthly payments by paying less. Your payment for each month increases every two years. This option is ideal for borrowers who are sure that their income will increase in the future. Extended plan: With this plan, you pay a lower amount over a long period. Income-driven repayment (IDR) plan: The IDR plan lets you pay off your student loans for the next 20 or 25 years, depending on your chosen plan. But the payments will always be what you can manage every month. After 20 or 25 years, any amount you haven't paid yet will be forgiven. If you choose this plan, you'll have to certify your income annually. There are limited private student loan forgiveness options available for student loans. You’ll have to call your loan servicer to find out any available options for you. 3. Make Extra Payments, But Do It The Right Way There's no penalty whatsoever when you pay more than the minimum or pay your student loans early. However, the prepayment comes with a caveat: loan lenders may apply the additional amount to the next month's payment. When the student loan servicers do that, it pushes your due date forward, but it won't help pay off your student loans faster. What you need to do is to instruct your lender, either through the mail, phone, or online, to apply any extra payments to your current balance. In addition, remind them to keep next month's due date the same. You can make additional payments any time in the month. Another way is to make a lump-sum loan payment on the due date. Whichever you choose, you can save lots of money. 4. Refinance If You Have Good Credit And A Good Job Refinancing your student loans can help you get rid of your loan debts faster, and you don’t have to make additional payments. When you refinance, it replaces several student loans with one private loan, usually at a lower interest rate. If you want to make faster repayments, choose a new loan term that’s less compared to what you have left in your current student loans. Going in for a shorter loan term may increase your payments each month. However, it’ll help you clear off your student loans faster and save money on interest. Final Thoughts The strategies explained above can help you pay back your student loans and save money. But not all the repayment methods can help you do that. Some repayments are designed to help you manage your debts, such as income-based repayment plans. These plans can help you clear off your debt on time and in full. Now, even though it can help you today, you'll end up paying more money in interest charges over your loan life. It is worth mentioning, some educational institutes like Navient were forced to close due to fraudulent activities. These institutions are to compensate students who are affected. Check to see if you apply to these compensations If you don’t have a clear solution, you may need to talk to a student loan expert. Read Also: Understanding the Steps in Debt Collection How to Reduce the Cost of College Textbooks How To Impress A Recruiter If You Are Still A Student

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 :

Getting your personal finances in order with a proper budget strategy

5 Ways to Become a Profitable Landlord

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Lucia Patterson

Lucia Patterson is the woman behind TheLegalGuides, a blog solely focused on legal guides, tips, and advice. Lucia loves essay writing and blogs at EssayWritingGuides from her college days.

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How To Start Your Investor Journey: 5 Credible Options To Explore

Tips to Lower Your Insurance Costs

There is A Way To Save Yourself From Student Loans in 2021

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 :

Share this Article

Getting your personal finances in order with a proper budget strategy

5 Ways to Become a Profitable Landlord

Tags

Lucia Patterson is the woman behind TheLegalGuides, a blog solely focused on legal guides, tips, and advice. Lucia loves essay writing and blogs at EssayWritingGuides from her college days.

Leave a Reply Cancel reply

Popular

Follow Us

Recent

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