For those who have spent at least a little bit of time in the crypto space, it shouldn’t come as a complete surprise that people are searching for better ways to accomplish the same things that blockchains can.
It certainly isn’t inaccurate to say that blockchain technology was developed in an effort to circumvent the currenct financial system and all of those annoying middlemen. The goal was always to bring decentralization to all and to finally empower individuals to take control of their wealth, to be their own bank. But now, looking at the largest and arguably the most successfully crypto in regards to adoption, the one we all know as Bitcoin, we’re beginning to see this ideology taking the backseat. Mainly, there is no doubt a type of centralization occurring with the mining pools of bitcoin. There are now a handful of companies who can control the transactions of Bitcoin. The only reason there was room for this to happen is thanks to the inclusion of transaction fees as a way to motivate miners to participate in the network. Despite Satoshi’s best efforts to invent a system that cou ... https://www.youtube.com/watch?v=ZN8VDsyFMGc
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BTC Futures explained: https://cointelegraph.com/explained/bitcoin-futures-explained
What is a futures contract?: https://www.investopedia.com/terms/f/futurescontract.asp
Different Perspective on ETH Futures: https://thebitcoinnews.com/understanding-the-consequences-of-an-ethereum-eth-futures-market-in-the-us/
There’s a reason why these big exchanges like the CME and the Cboe have been waiting on this decision from the SEC. These big exchanges needed to be sure that Ethereum wouldn’t fall under the SEC’s jurisdiction. Now that there is no conflict, there’s not much in the way to prevent these big exchanges from adding Ethereum futures contracts to their listings.
According to investopedia.com, a futures contract is a legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the…future!
So let’s say you want to sell Ethereum on some date in the future, but you want to set the price right now. Since the price of cryptocurrencies is pretty volatile, there is a lot riding on this future date and price. You can either gain a lot by setting a price that is higher than what the current market price is at that future date, or you can lose a lot by setting a price that is lower than what the current market price is at that future date, and vice versa for those who want to be the buyer of a futures contract.
I referenced it earlier in this video, but you may remember when Bitcoin futures were first unleashed. This was a big deal for a couple reasons, first, it was a way for big time investors to get exposure to Bitcoin. And second, it was a way for these big time investors to begin shorting Bitcoin.
The timing of these Bitcoin futures contracts was nothing less than ideal for those wanting to short Bitcoin. These BTC futures were released right when Bitcoin began its epic ascent to $20,000. No doubt it was this price spike that also spiked the interest of these exchanges. Ironically, it shouldn’t be hard to see now with hindsight how these investors could see a great opportunity to short Bitcoin.
They saw the price breaking out well past its previous all time highs and now they have a chance to short it without having a whole lot of exposure to the coin itself.
When all of these new futures contracts expired, and these sellers had to sell at certain prices, it wa
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Bitcoin Halving Countdown: https://bitcoinblockhalf.com/
The Creature from Jekyll Island: https://www.goodreads.com/book/show/66499.The_Creature_from_Jekyll_Island
I realize that most people cannot take the time to fully understand the complete technicalities of things like cryptocurrencies, and their underlying code. But I will always hold out for the fact that anyone can comprehend what makes something valuable and useful.
By beginning the pursuit of understanding things like Bitcoin and other cryptocurrencies and why they exist in the first place, you will essentially be killing two birds with one stone especially if you are not already well-versed in the world of economics. The two birds being understanding what gives Bitcoin value and utility and gaining a better perspective of how the current economics of your USD, Euro, Yen, South African Rand etc is being challenged.
So with that being said, here are three great starting points for those of you who are new to learning about Bitcoin and other cryptocurrencies, but most importantly I want to remind you to always follow up with asking “Why” in this scenario, it’s in your best interest to be that annoying toddler that is always asking questions and is curious about how everything works and is always asking why:
* Who is against Bitcoin- Most likely these people will fall into either of these categories: they own, are employed by or are heavily invested in companies that will be heavily disrupted and possibly made insignificant due to the growth and adoption of borderless, peer-to-peer transaction protocols.
Or, they are not generally gifted with a strong sense of foresight, and instead they heavily rely on the approval of others before they come around to any kind of new innovation. Quite frankly, they’ve most likely found a whole lot of comfort in what they already know and understand.
Understanding who is against Bitcoin is important because most often these are the narratives that dominate the mainstream media.
* Who controls transactions of fiat (banks, credit card companies and other third party processors like PayPal)
It’s becoming increasingly more prevalent that individuals are being censored in more ways than one. Facebook and youtube are known for this from time to time if the content being posted doesn’t fall in line with their political agendas, but even more unfortunately, cen
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If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview
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Check out this interview with Randy Hilarski. He's an expert with social media and has many big-name clients. Learn how he first joined Steemit and what his first experience was like blogging on the platform.
His future looks bright with the new venture called Token Magic. A company that will bring quality information for the best ICOs to their customers and provide marketing tools for ICOs that are vetted by the experts of Token Magic.
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Watch the Full Interview Here: https://youtu.be/cSCtlKsW4Zo
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Video Suggestions for Beginners to Crypto:
- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
- How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFpE8
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✴︎Buy Gift Cards with Your Crypto! ? https://www.bitrefill.com/signup?code=47y2uwl4
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Video Suggestions for Beginners to Crypto:
- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
- How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFp
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Video Suggestions for Beginners to Crypto:
- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
- How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFpE8
Music: https://www.bensound.com
LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
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https://www.youtube.com/watch?v=O412ld6NG1E
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef
Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b
Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1
Find me on Steemit: www.steemit.com/@heiditravels
Twitter: @blockchainchick
Instagram: @hheidiann
If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview
LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
http://fortune.com/2018/02/27/cryptocurrency-jp-morgan-risk/
https://www.bloomberg.com/news/articles/2018-02-28/bitcoin-futures-regulator-clears-employees-to-trade-crypto-coins?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
https://globalcoinreport.com/binance-coin-bnb-binance-coin-is-trading-low/
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https://www.youtube.com/watch?v=qh5dah971-Q