Common Cryptocurrency Myths Debunked [Infographic]

It’s fair to say that most people don’t understand cryptocurrency in the least. Most people are completely mystified by cryptocurrency, and as a result there are many pervasive myths about it that need to be dispelled.

via Common Cryptocurrency Myths Debunked [Infographic]

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Facebook, Instagram Banning All Bitcoin, ICO, Other Cryptocurrency Ads

Facebook is prohibiting all cryptocurrency ads, including those on Instagram, the companyannounced on Tuesday.

The move comes as cryptocurrency use is on the rise, and as the new type of currency spikes, so do scams…..

via Facebook, Instagram Banning All Bitcoin, ICO, Other Cryptocurrency Ads

Cryptocurrency Markets – The New Frontier Of The Financial World

Bitcoin had a 1500% growth in price for 2017. Traders, entrepreneurs, and investors are suddenly taking notice of the cryptocurrency markets. Newcomers can easily get lost in this market unfortunately

Crypto is a new asset class that may generously reward those that are brave enough to delve into it. If you need help in understanding the evolving crypto market, then you are in the right place as that’s what we are going to review here.

Growing Cryptocurrency Markets

The first known decentralized cryptocurrency was Bitcoin, founded in 2009. The coin has continued to grow ever since. Bitcoin did suffer multiple setbacks before reaching today’s price. There are a plethora of other coins that have joined the cryptocurrency markets since Bitcoin.

It’s safe to say that the coin market is the fastest growing asset class. Real estate, stock and bond markets are all constrained by national and geographical borders. Cryptocurrency, by comparison, is a worldwide market.

The market has a total capitalization of “billions” of dollars. Even in third world countries, respective stock markets are capped in the trillions. Considering these variables, it becomes very likely that cryptocurrency will continue to grow.

De-regulated

One crucial factor to understand is that cryptocurrency markets are largely de-regulated. Many consider this to be a great thing because it allows investing in an asset class with very few requirements. There are some exchanges that allow you to invest without requiring you to go through a “Know Your Customer” or KYC protocol.

Conversely, because of that de-regulated nature, there is no SEC (or regulatory body) to keep your money secure. Keeping funds safe becomes the responsibility of the investor.

Bitcoin Dominance

Bitcoin is considered to be “Top of The Class”. That said, Bitcoin has a huge influence on the overall market behavior. This generally means that if Bitcoin goes up, you can expect other currencies to go up as well.  This also means that if Bitcoin prices go down, it becomes very difficult for other coins to appreciate in price.

Volatility

If you come from the world of stock trading, be prepared for large volatility swings. It’s also very important to realize that “volatility” is subjective. In the stock markets, most participants consider a drop of 10% in a day is “very volatile.”

In the cryptocurrency markets, a 10% drop in a day is considered “normal.” Most importantly, volatility is both good and bad. It’s common for major news outlets to describe the crypto market as volatile and too risky.

Without volatility, you can’t make money. Volatility makes the price move. In fact, it’s not uncommon for some smaller capped coins to double in price in just a matter of days. As for the downside, you can lose all of your money when not prepared.

Volatility is not bad or good. It’s all about your personal risk tolerance. The cryptocurrency markets can offer you an asset class that is outperforming anything that exists. The price you will pay for that is significantly higher volatility.

Crypto Technology

The technology that is behind Bitcoin is known as “Blockchain Technology.” Most of the coins in the crypto market are using blockchain technology, but there are now various types of technologies involved with coins.

IOTA makes use of a “Tangle.” Other coins make use of hybrid and new generation blockchain technologies such as RaiBlocks and Hashgraph We certainly cannot forget to mention the “Smart Contract” of Ethereum and Neo.

Crypto is not just based on blockchain technology anymore. It’s become an ecosystem that nurtures the birth of a myriad of technological advances.

It’s Not All About Currency

Since Bitcoin is the most visible, most people assume that the markets are all about competing currencies. Yes and no. While some try to offer their coin as a better alternative to Bitcoin, others do not.

Blockchain technology also has other uses aside from currency. Anything that needs decentralized record keeping can make use of the technology.

Patientory is a coin that focuses on building a decentralized medical records database. Ripio Credit Network is trying to build a decentralized credit history for third-world countries.

ICO Tokens are yet another type of asset in the market. They are similar to a stock of a company, but with an additional utility. This totally depends on the issuing company.

Some would consider the cryptocurrency markets as the Wild, Wild West. It’s a new frontier and often labeled “dangerous.” While a coin carries a higher risk compared to the stock market, it has the potential to deliver significantly higher returns.

If you wait for everything to be perfectly safe before you invest, plan on paying a higher price for your coins. If you are offered outrageous returns with no risk, you are probably dealing with scammers committing fraud.

High risk equals high reward on most occasions. That is exactly what cryptocurrency markets currently offers you.

Contact Krohn Media For ICO Services

Source:  http://krohn.media/cryptocurrency-markets-new-frontier-financial-world/

Scam Through Telegram

Scam Alert Viral

Scammers are cashing in on Telegram’s upcoming ICO

Desperate for an opportunity to jump aboard in the next big thing, cryptocurrency owners are losing money by investing blindly in fake Telegram ICO websites.

Chat app Telegram’s upcoming ICO promises to break records with a target raise of $1.2 billion, which may be extended to $2 billion according to new reports. The public sale component isn’t scheduled to launch until March, as noted by multiple media including TechCrunch, but that hasn’t stopped unscrupulous individuals seizing the opportunity.

News of Telegram Open Network (TON), the Telegram ICO project, first broke in the final weeks of December before TechCrunch reported exclusively on the full details.

Expectation was palpable. “Telegram is already the de facto communication channel for the global cryptocurrency community, making a natural home to its own coin and Blockchain,” TechCrunch’s Josh Constine and Mike Butcher wrote. At the same time, English…

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