Category : Bitcoin

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Is micro btc legit? Bitcoin Scam Site Warning

It is not uncommon for Ponzi schemes to rise from the dead in the face of a rising trend, this time being cloud mining. Many a sites claiming to provide fixed returns, bonus mining powers such as Hashocean and Cointellect have had their shining days only to be called out later.

“Micro-BTC” is another such scheme that provides a bonus of 15KH/s to its new users and this alludes to the fact that it will mine altcoins instead of bitcoins.

A seamless stream of profits in the cryptocurrency world is an impossible feat and even the nature of those profits is rarely in a legalized manner. By default, any contract for cloud mining is operational only for a year or two. Thus, any entity offering an extension on that period is without doubt a scam.

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Is bitconnect scam or legit? What is

Is bitconnect scam or legit What is bitconnect is creating a confusion amongst people that they are investing in cryptocurrency but, they  are not the real side it just the opposite. It is the Ponzi pyramid hybrid a package of illegal and unsustainable schemes. It is the fraud operation to be clear.

Their real business is the combination of Ponzi and Pyramid scheme. They are taking advantage of the people’s confusion between publicly tradable altcoin and bitconnect i be precise:

  • Affiliates can invest $100 to $1000 and receive up to 40% a month for 299 days.
  • Affiliates can invest $1010 to $5000 and receive up to 40% a month for 239 days and also a bonus 23.9% ROI.
  • Affiliates can invest $5010 to $10,000 and receive up to 40% a month for 179 days and also a bonus 35.9% ROI
  • Affiliates can invest $10,010 to $100,000 and receive up to 40% a month for 120 days and also a bonus 30% ROI.
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How To Store Bitcoin? Storing Cryptocurrency Safely

How To Store Bitcoin_Storing Cryptocurrency Safely

The evidence to the value of cryptocurrency and the success is the estimated value of $13,249 achieved by bitcoin on December 17, 2017.Having this value of cryptocurrency and bitcoin, in particular, has got masses attention to the malicious purpose behind them.

Since 2011, there have been 35+ heists of cryptocurrency exchanges, resulting in the loss of 980,000 Bitcoins, valued at more than $4 billion. Hackers, cybercriminals, web stalkers, and fraudsters are trying to weaken the havoc in the cryptocurrency market, by stealing coins and cryptocurrency from the user who fails to safeguard them.


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Bitcoin Futures? Everything You Should Know

Bitcoin Future_What You Should Know

According to the overall progress of this year, bitcoin came to be the fastest growing asset of this year. For now, the question in every mind comes is bitcoin a fad or still the good investment to make?

Here is something every investor should know about Bitcoin Futures.

Bitcoin Future basics

CME Group Inc. CME, +0.96%   launched its contract on Dec. 18. The contract allows the trader to place a sustained bet on the value of assets assuring that the underlying asset will move higher or lower.  So, it depends on the trader now. The trader who expects the price will go high can play long while the trader who thinks the price will fall can go short. There is a short bet on every long and vice versa. CBOE Global Markets Inc. CBOE, +0.32% launched its bitcoin futures contract, trading with the symbol XBT XBTF8, -4.12%. This contract prompts the two trading halts after the long rise.

Future Bitcoin Cryptocurrency Currency Money Btc


The future of market appeals to the shorting of the bet without first borrowing the underlying security. The hope behind this is to make the price more efficient helping to tame the extreme volatility that regularly whipsaws the bitcoin market. This welcomes the bitcoin bears frustrated by the technical difficulty inherent in shorting bitcoin. Shorting creates true price discovery and provides the ability to hedge bitcoins more seriously.

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The contract success can be profitable for those focusing on digital mining appealing the hedging tools. All the big players in the market are particularly interested in the ability to hedge against the sharp rise via future market situations.


The reservations expressed by big banks and brokers on the downside are hard to ignore. The future launch of premature is criticized, and an open letter is sent to the Commodity Futures Trading Commission, the Futures Industry Association said the exchanges didn’t get enough feedback on margin levels and other.

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A margin is the amount of money a trader must put to sustain the future positions. Margin amount is 10% of the total value underlying the contract. But CME requires 35% margin while the CBOE is set to require 44% of daily price settlement. In CBOE, if the contract were trading at $15,000, a trader wishing to go long or short would have to put up $6,600. He also must look at the additional margin calls if the margin limits fall.

Price limits

Future of bitcoin is decided on how far the prices can go before triggering temporary and permanent halts this is common to all contracts terms. Suppose if the CBOE contracts halts for 2 minutes and best bid at that time is 10% above and below the previous day close. The contract moves to the 20% above or below of the previous day close as it resumes.

[info-box type="note"]5 Step For Beginners To Start With Bitcoin Trading


Professional traders and institutional investors are likely to tiptoe in the future of the bitcoin market. Can it also be the same with retail investors as they might be tempted to toe in the market of future?

Osborne said “Bitcoin is volatile enough as a stand-alone investment. I don’t think the retail investor needs to be adding to leverage through a futures contract on top of bitcoin,” Osborne said. “So, buyer be very much beware when it comes to retail investors and futures contracts.”

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What are Smart Contracts? Explained By CoinsIQ

What are Smart Contracts

Smart contracts for cryptocurrency

Smart contracts or the self-executing contracts includes the terms of the agreement between buyer and seller these are directly written into lines of code. The transaction between buyer and seller are trackable and irreversible. All the actions are executed automatically.

The idea behind smart contracts

Smart contracts were first proposed in 1994 by Nick Szabo, an American computer scientist who invented a virtual currency called “Bit Gold” in 1998. Bitcoin consists of the basis of contracting the blockchain technology. Szabo defined the main principles of its work at that time, but there was no appropriate environment to realize those contracts at that time. A lot has changed over time with cryptocurrency emerging.

How does smart contract work?

Smart contracts work on the blockchain technology principles the terms of contracts are coded and put into the blockchain. These contracts are looped multiple times between the lines of codes. This contract is executed when the trigger happens. All this works under the terms of a contract.

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To create a smart contract, you need

Subject of the contract

To lock and unlock the program automatically program you are choosing under the contract must have access to all goods and services suiting the contract terms.

Digital signatures

The agreement of the contract is initiated by sign of the participants in the form of the primary key

Contract terms

These terms show the exact sequence of the operation and every participant has to follow these terms.

Decentralized platform

The smart contract is deployed to the Blockchain of this platform and distributed among the nodes of the platform.


Real life use

Smart contracts can be used in different real-life fields and provide great help for the same.


Results of voting can be put in blockchain; and then distributed among the nodes of a network. An advantage is all the data is encrypted and anonymous. This avoids manipulation of votes.


Smart contracts ensure transparency in the contract terms, fraud protection. It can also provide shipments tracking; with the integration of the Internet of Things. There are some other possible applications; i.e., in management, bank system, insurance, estate, IoT, and others.

Smart contract benefits

Smart contracts use all the benefits of Blockchain technology. Smart contracts provide:

•    Security

The smart contract guarantees that it will not be lost or changed without your permission. It is encrypted and distributed among nodes.

•    Economy and speed

Intermediaries are eliminated; as the process is automated.

•    Standardization

The contracts are standardized according to needs as there are different types of contracts available.

Where can I create a smart contract?

Smart contracts are implemented in blockchain with varying degrees.

•    Complete support for deals

The support team is there to help you during the whole cycle; answering your questions and solving your queries.

•    Being suitable for non-programmers

Almost all platforms require programming skills or programming services.

•    Arbitration availability

The third party involvement requires additional unnecessary waste of time and resources.

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