Can I Create My Own Cryptocurrency?

The best way to learn about bitcoin, is to jump in and get a few in your “pocket” to get a feel for how they work.

Despite the hype about how difficult and dangerous it can be, getting bitcoins is a lot easier and safer than you might think. In a lot of ways, it is probably easier than opening an account at a traditional bank. And, given what has been happening in the banking system, it is probably safer too.

There are a few things to learn: getting and using a software wallet, learning how to send and receive money, learning how to buy bitcoin from a person or an exchange.

Preparation

Before getting started, you will need to get yourself a wallet. You can do this easily enough by registering with one of the exchanges which will host wallet for you. And, although I think you are going to want to have one or more exchange wallets eventually, you should start with one on your own computer both to get a better feel for bitcoin and because the exchanges are still experimental themselves. When we get to that stage of the discussion, I will be advising that you get in the habit of moving your money and coins off the exchanges or diversifying across exchanges to keep your money safe.

What is a wallet?

It is a way to store your bitcoins. Specifically, it is software that has been designed to store bitcoin. It can be run on your desktop computer, laptop, mobile device (except, as yet, Apple) and can also be made to store bitcoins on things like thumb drives. If you are concerned about being hacked, then that is a good option. Even the Winklevoss* twins, who have millions invested in bitcoin, put their investment on hard drives which they then put into a safety deposit box.

*The Winklevoss twins are the ones who originally had the idea for a social networking site that became Facebook. They hired Mark Zuckerberg who took their idea as his own and became immensely rich.

What do you need to know about having a bitcoin wallet on your computer?

Below you can download the original bitcoin wallet, or client, in Windows or Mac format. These are not just wallets, but are in fact part of the bitcoin network. They will receive, store, and send your bitcoins. You can create one or more addresses with a click (an address is a number that looks like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk). You will see a field where you can copy and paste a number like this from a person you want to send money to and off it will go directly into that person’s wallet. You can even create a QR code which will let someone take a picture with an app on their phone and send you some bitcoin. It is perfectly safe to give these out – the address and QR code are both for my donations page. Feel free to donate!

NOTE: This type of wallet acts both as a wallet for you and as part of the bitcoin system. The reason bitcoin works is that every transaction is broadcast and recorded as a number across the entire system (meaning that every transaction is confirmed and made irreversible by the network itself). Any computer with the right software can be part of that system, checking and supporting the network. This wallet serves as your personal wallet and also as a support for that system. Therefore, be aware that it will take up 8-9 gigabytes of your computer’s memory. After you install the wallet, it will take as much as a day for the wallet to sync with the network. This is normal, does not harm your computer, and makes the system as a whole more secure, so it’s a good idea.

Bitcoin Qt

• The original wallet.
• This is a full-featured wallet: create multiple addresses to receive bitcoins, send bitcoins easily, track transactions, and back up your wallet.
• Outside of the time it takes to sync, this is a very easy to use option.
• Search for Bitcoin Qt wallet download to find their site.

Armory

• Runs on top of Bitcoi Qt, so it has all of the same syncing requirements.
• Armory allows you to back up, encrypt, and the ability to store your bitcoins off line.
• Search for Bitcoin Armory Wallet to find their site.

If you don’t want to have that much memory used or don’t want to wait for your wallet to sync, there are good wallets that do not make you sync the entire history of bitcocin:

Multibit

• A lightweight wallet that syncs quickly. This is very good for new users.
• Search for Bitcoin Multibit Wallet to find their site.

Electum

• In addition to being quick and light, this wallet allows you to recover lost data using a passcode.
• Search for Bitcoin Electum Wallet to find their site.

After you get the wallet set up, take a few minutes clicking around. Things to look for:

o There will be a page that shows you how many bitcoins are currently in your wallet. Keep in mind that bitcoins can be broken up into smaller pieces, so you may see a decimal with a lot of zeros after it. (Interesting note, 0.00000001 is one Satoshi, named after the pseudonymous creator of bitcoin).

o There will be an area showing what your recent transactions are.

o There will be an area where you can create an address and a QR code (like the one I have above). You don’t need the QR code if you don’t want it, but if you run a business and you want to accept bitcoin, then all you’ll need to do to accept payment is to show someone the QR code, let them take a picture of it, and they will be able to send you some money. You will also be able to create as many addresses as you like, so if you want to track where the money is coming from, you could have a separately labeled address from each one of your payees.

o There will be an area with a box for you to paste a code when you want to send money to someone or to yourself on an exchange or different wallet.

There will be other options and features, but to start out with, these are the items that you should know about.

Getting Your First Bitcoins

Now that you have a wallet, you will, of course, want to test them out.

The very first place to go is http://faucet.bitcoin.st/.

This is a website that gives out small amounts of bitcoin for the purpose of getting people used to using them. The original version of this was run by the lead developer of bitcoin, Gavin Andreson. That site has since closed and this site operates by sending out one or two advertisements a month. You agree to receive those messages by requesting the bitcoins. Copy and paste your new bitcoin address and enter a phone number to which you can receive an SMS. They send out an SMS to be sure that people are not continuously coming back for more since it costs nothing to create a bitcoin address. They will also send out once or twice a month advertisement to support their operation. The amount they send it trivial: 0.0015 BTC (or 1.5 mBTC). However, they process almost immediately and you can check to see that your address and wallet are working. It is also quite a feeling to get that portion of a bitcoin. (Non-disclaimer: I have no connection with this site and receive nothing if you use them. I simply think they are a good way to get your feet wet).

Congratulations! You have just entered the bitcoin economy.

To get your feet a little wetter, you can go panning for gold. There are a number of services and websites out there that will pay you in bitcoin to do things like go to certain websites, fill out online surveys, or watch sponsored videos. These are harmless, and you can earn a few extra bitcoins this way, but it is important to remember that these are businesses that get paid when people click on the links on their sites. They are essentially kicking back a portion of what they get paid to you. There is nothing illegal, or even immoral about this (you might like what you see and make a purchase!), but they are frequently flashy and may not be completely straightforward. All the ones that I have tried (particularly bitvisitor.com) have paid out as advertised. It is interesting to experiment with these, but even with the likely rise in the value of bitcoin, you won’t become a millionaire doing this. So, unless you are an advertisement junkie, I would recommend you move on. If you would like to try, simply Google “free bitcoins” or something along those lines and you will find numerous sites.

Buying Bitcoin Hand-to-Hand

Finally, this is going to be the real test of bitcoin. Can people easily trade them back and forth? If this can’t happen, then there can’t really be a bitcoin economy because retailers won’t be able to use it. If retailers can’t use it, what earthly good is it? Fortunately, this is not really a problem. iPhone is a bit of a hold out, but many smartphones have apps (mobile wallets) that will read QR codes and allow you to send bitcoin to whomever you want. You can also display a QR code of your address, or even carry a card in your wallet with your QR code to let people send bitcoin to you. Depending on what kind of wallet you have, you can then check to see if the bitcoins have been received.

A couple of things to note:

• When you set up your wallet, if you click around a bit, you will see an option to pay a fee to speed transactions. This money becomes available to a bitcoin miner as he/she/they process bitcoin information. The miners doing the work of creating blocks of information keeps the system up to date and secure. The fee is an incentive to the miner to be sure to include your information in the next information block and therefore “verify” it. In the short term, miners are making most of their money by mining new coins (check the section on What Are Bitcoins for more information about this). In the long term, as it gets harder to find new coins, and as the economy increases, the fees will be an incentive for miners to keep creating more blocks and keep the economy going. Your wallet should be set to pay 0 fees as a default, but if you want, you can add a fee to prioritize your transactions. You are under no obligation to pay a fee, and many organizations that process many small transactions (like the ones that pan for gold described above) produce enough fees to keep the miners happy.
• In clicking around your wallet, on the transactions page or linked to specific transactions, you will see a note about confirmations. When you make a transaction, that information is sent out into the network and the network will send back a confirmation that there is no double entry for that bitcoin. It is smart to wait until you get several confirmations before walking away from someone who has paid you. It is actually not very easy to scam someone hand-to-hand like this, and it is not very cost-effective for the criminal, but it can be done.

Where can you buy bitcoin like this?

• You may have a bitcoin Meetup in your area.
• You can check out localbitcoins.com to find people near you who are interested in buying or selling.
• Some are trying to start up local street exchanges across the world. These are called Buttonwoods after the first street exchange established on Wall Street in 1792 under a buttonwood tree. See if there is one, or start one, in your area.
• See if you have any friends who would like to try bitcoins out. Actually, the more people who start using bitcoin, the larger and more successful it will be come. So please tell two friends!

Some people ask if it is possible to buy physical bitcoins. The answer to this is both a yes and a no. Bitcoin, by its very nature, is a digital currency and has no physical form. However, there are a couple of ways that you can practically hold a bitcoin in your hands:

• Cascascius Coins: These are the brainchild of Mike Caldwell. He mints physical coins and then embeds the private keys for the bitcoins inside them. You can get the private key by peeling a hologram from the coin which will then clearly show that the coin has been tampered with. Mike has gone out of his way to ensure that he can be trusted. These are a good investment strategy as in the years to come it may be that these coins are huge collector’s items.
• Paper Wallets: A paper wallet just means that rather than keeping the information for your bitcoin stored in a digital wallet, you print the key information off along with a private key and keep it safe in a safe, in a drawer, or in your mattress (if you like). This is highly recommended and cost effective system for keeping your bitcoin safe. Keep in mind, though, that someone could steal them or if your house burns, they will go with the house and there will be no way to get them back. Really, no different than cash. Also, as with Casascius Coins, they will not really be good for spending until you put them back into the computer.

* There is software to make printing your paper wallets easier. bitcoinpaperwallet.com is one of the best and includes a good tutorial about how to use them.

* The bitcoins are not actually in the wallet, they are still on the web. In fact, the outside of the wallet will have a QR code that will allow you ship coins to the wallet any time you like.

* The sealed part of the wallet will have the private key without which you cannot access the coins. Therefore, only put as many coins on the wallet as you want to be inaccessible. You will not be able to whip this thing out and take out a few coins to buy a cup of coffee. Rather, think of it as a piggy bank. To get the money, you have to smash it. It is possible to take out smaller amounts, but at this point the security of the wallet is compromised and it would be easier for someone to steal the coins. Better to have them all in or out.

* People who use paper wallets are usually security conscious, and there are a number of ways for the nefarious in the world to hack your computer. Bitcoinpaperwallet.com gives a lot of good advice about how to print your wallets securely.

Some people have also asked about buying bitcoins on eBay. Yes, it is possible, but they will be far overpriced. So, selling on eBay might seem to be a better option given the extreme markup over market value you might see. But, as with anything that is too good to be true, this is too good to be true. As I will explain in the next section, selling bitcoin this way is just way too risky.

How Not to Buy Bitcoin

In the next section, I am going to explain a couple of key points about buying from Bitcoin Exchanges. Before I do, let me give you a warning.

A short history lesson: When people first started setting up actual business based on bitcoin, they used all of the tools available to any merchant. They sold by credit card and PayPal. The problem with this business model was quickly spotted: bitcoin transactions are not reversible by anyone except the recipient of the money. Credit cards and PayPal have strong buyer protection policies that make it relatively easy for people to request a chargeback. So, nefarious individuals realized this and began making purchases of bitcoin and then sooner or later requesting a chargeback. And, since bitcoin is a non-physical product, sent by new and poorly understood technological means, the sellers were not able to contest this. Because of this, sellers stopped accepting credit cards and PayPal.

This was a big problem for the currency: How to move money between buyers and seller? Some business emerged that would credit you with bitcoin if you wired them money. Very often these businesses would give addresses in Albania, Poland, or Russia. The fact is that many of these did work and there are a lot of stories on the forums of people who bought bitcoins this way. But it took a lot of time and in the meantime the buyer just had to bite his or her fingernails wondering if they would get their bitcoins or kiss their investment goodbye.

I expect that as bitcoin becomes more acceptable and valuable, we are going to see a version of the Nigerian Prince scam. So the warning is this: we now have exchanges and other businesses that allow for moving money easily onto and off of exchanges. Never wire money for bitcoin. It was a short-lived, and well-forgotten, moment in the history of bitcoin.

Next, I will be talking about how to buy from a bitcoin exchange and give a review of the some of the best known exchanges.

Active charts are important visual presentation tools to highlight financial information in the form of network structures.

Financial portfolios in the form of uncomplicated assets arising from various components of the business, including geographical location between ownership, management and other elements.

The complexity of investment portfolios is reflected not only in the contributing factors, but also in the results of investments, such as income and expenses.

With the various attributes surrounding assets, a complete description of the effects, relationships and consequences of these attributes on assets is essential for any investor or interested party to understand financially.

The clarity of these properties and their impact on connections / assets can be clearly highlighted using network charts. A network graph is characterized by connections between nodes and edges and various objects representing nodes and edges.

Some of the financial clarity provided by these charts includes:

• Mapping

Active charts are useful tools used to determine the network structure of a portfolio. Relationships between different entities in the portfolio are reduced to each attribute, emphasizing the nodes and edges of the portfolio. Visualization of these objects and relevant relationships are important tools for portfolio marking.

Asset mapping is important in identifying asset ownership and liability and in enhancing the transparency and visibility of investments as a whole. Cleaning not only enhances investment intelligence, but also provides better visibility for management and decision making.

• Diversification

Active charts are also a powerful tool for emphasizing the quality of diversification. The network structure of the portfolio strongly emphasizes the diversity of assets, which facilitates institution-based and information-based decision-making. Using an image created with active graphs, a diversification structure can be created and key factors can be identified to assess the reliability of the existing structure.

• Risk

The use of network diagnostics in active graphics is a very fundamental application of active graphics. By studying the network effect, the risk aspect of the investment portfolio can be identified or simulated in the current situation. Therefore, an active schedule can be used as an early warning system for risk concentration, forensic analysis and portfolio scenario diagnostics, stress testing among other risk management applications in risk management.

In addition, the visibility provided by the enterprise relationship asset charts highlights the various businesses and activities that cover the asset, and thus the asset graph provides a better view of the risk of infection that the asset may face based on its relationship with another business or business. activities described by the butterfly effect.

• Trends

Finally, network effect research not only provides exposure to risks, but also allows decision makers to optimize the subsequent benefits identified from the asset schedule. The analysis provided will be used to identify trends and thus forecast to create alternative solutions for the market, as illustrated by better products for future applications, new products based on behavior change, and examples.

Figures show that the digital economy is becoming a big part of the global economy. In many Sub-Saharan African countries, some aspects of the digital economy have already had a major impact on people’s daily lives. This is especially true for mobile payments. In a country like Kenya, mobile payments are 10% of annual GDP. Other factors, such as the emergence of equipment and increasing connectivity in the affordable appliance market, are driving the movement towards socio-economic and cultural digitalization. As a result, there are many positive outcomes that these countries need to focus on and strengthen. Here are five such benefits:

1. The digital economy boosts business creativity and entrepreneurship

The connection between the digital economy and creativity is almost clear. These major technology services of recent years are based on disruptive ideas. Creativity is the driving force that allows us to solve the problems around us and take advantage of opportunities. Now is the ideal time to break the rules, build and innovate a culture, find original ways to monetize ideas, and ultimately have a profound impact on society. The idea to invent a medical tablet with a touch screen came to a young Cameroonian engineer during an internship at a public hospital. During his internship, he decided to solve the problem of critical heart failure by installing a device that could conduct medical examinations in remote areas and transmit the results to doctors for interpretation and diagnosis. Staying competitive in this digital age requires you to invent new business models and approaches to reach customers and markets. The good news is that people can be inspired by many successful examples in today’s world.

2. The digital economy has a direct impact on employment

There are many potential jobs related to the field of ICT, such as computer and electronic products, software publishing, telecommunications or IT. There is also a need for specialists in the global ecosystem: mobile application developers, data scientists and social network specialists. Of course, there is a need for skilled workers all over the world, and this allows everyone to develop their career at any time, even in the comfort of their own home, locally or globally. Self-employed and entrepreneurs can take advantage of the many opportunities available to build their businesses. However, it should be noted that people need to work together, share new ideas, evaluate their projects and develop synergies. It may be important for both employers and employees to think deeply about changing their work habits with the Uberization of the labor market.

3. The digital economy opens up Africa as a global potential market

Contrary to some people’s misconceptions, Africa is not a country. But one of the most promising prospects for the digital economy, especially for investors, is the ability to look at the African market as a whole or at least as a block of potential customers with similar purchasing power and / or lifestyles. Today, many managers and business developers are targeting an increasing number of African urban consumers as they become demand drivers. Africa Internet Group (a startup founded in Nigeria in 2012) currently runs e-commerce companies in 26 African countries and has recently received a total of $ 245 million in additional investment to support its sustainable growth. Entrepreneurs today need to have the mindset of African musicians, as many thought of their art as something to be appreciated in many African countries. And that’s why they list the cities they think will succeed with their art: Douala, Abidjan or Nairobi, and even other cities outside the continent.

4. The digital economy creates positive social effects

For some people outside the financial system, mobile devices have become a gateway to some financial services. It was even the first step to connect them with the rest of society. Nowadays, anyone with mobile money can, for example, buy a plane ticket (or train or bus) from a mobile phone without a bank account, which requires proof of official work. There are still ways to optimally explore the adaptability of microcredit to mobile money, which can appeal to a dynamic population without the funds and ideal projects to invest. Similarly, areas such as m-health and m-education are just beginning to be explored.

With the digital economy, the production chain is a shortcut and cooperation is a path to great success. Immediate access to information for all reduces inequality among citizens. Everyone can have the ability to take their destiny into their own hands without being connected to a strong network. With the potential growth created by these patterns and the application of good practices by various stakeholders, sustainable development is a normal outcome of those positive effects.

5. The digital economy promotes sustainable development

It really requires less storage, less facilities, and sometimes no need for resources; “Dematerialization” is positive for the environment. For example, if people buy fewer cars because they share with other people through a digital platform, it can effectively contribute to reducing traffic in our cities and bring more ecological balance.

As noted in the latest UNESCO report, along with social and economic dimensions, culture is gaining ground in today’s immaterialized world. It is time to develop locally relevant content that will be used by the growing demand for books, music or movies. The quality of many tools allows serious artists to create and present their work to the world. And it is even easier to raise funds through crowdfunding and other digital financial instruments.

The digital economy is emerging in sub-Saharan Africa as a powerful catalyst for growth and development. But people need to learn to work together and be open to the world. You need to have creative ideas and find disruptive ways for events to happen. There are opportunities everywhere to meet personal needs and help others.

The web is constantly changing and evolving. And when it comes to new technologies, the old ones are either retiring or improving. It is very important to be aware of the latest developments and apply it in your projects. A collection of technologies that are currently trending in this field:

Progressive Web Application

These are mostly mobile apps or websites that are similar to mobile apps, especially when it comes to functionality and design. It is a combination of web browser and local mobile application features to give the user an experience as an application, which contributes to its growing popularity. PWA was proposed by Google a few years ago and has a number of advantages. Some of these are instant download, push notification and increasing conversions, and the ability to add PWA to the user’s home screen.

The rise of chatbots

The customer is king, the customer is always right! There are enough aphorisms to prove how valuable and important the customer is. Businesses are always looking to improve customer service and make customers happy. With chatbots, they can do it 24/7, 365 days a year. These chatbots can answer general queries, direct users to the right information, and even schedule appointments and give other tasks. To have a very useful and efficient feature.

Motion UI is important

The website should be simple, easy to navigate and most importantly intuitive. Initially, the motion interface, which is popular for mobile applications, runs here. Using it, you can create a functional and well-designed site. This is achieved by using animations, hovers, headlines and links, among others, to differentiate your website from your competitors.

Blockchain Technology

The most popular word today is blockchain. You can associate it with cryptocurrency. However, basically, it allows the collective storage and storage of data spread among thousands of computers around the world. This means that it is almost impossible to destroy or break the blockchain, and the information is open and accessible to anyone in need. It can be used for decentralized file storage, supply chain audit, among others. This technology is on the rise and is finding many applications in website development.

Single Page Sites

We pay little attention. There are many things that attract our attention, there are many things. In this context, it is not surprising that a new trend on websites is urging them to be one-page. This means that you can find everything you need on a page that can be easily navigated, of course! You can access different parts of the page by sliding or clicking on links. Such sites work well on mobile phones. Also, due to the simplicity of the design, development, design and hosting costs are kept low.

Change is constant, and this is especially true in the world of Web development. It is important for businesses to take the initiative and be aware of innovations.

Bloomberg has a new video series called “China’s imaginary cities.”

Correspondent Adam Johnson describes how the Chinese government has built huge cities where no one still lives. The expectation is that China will “grow” in these cities.

Great idea, really. Authoritarian planners in Beijing or everywhere, for example, would do well to move one million or more people to a pre-planned area.

Then they build and wait for the infrastructure – or rather, the whole metropolis, skyscrapers, traffic lights and everything.

Stop for a moment and think how disgusting it is. The last time your editor checked, central planning didn’t work very well. Historically, bureaucrats who use directives over long distances have poor resource allocations.

But are fantasy cities a recipe for busts? Some say no. For example, a Bloomberg reporter assures us that the Chinese economy is different, that is, “this time different.” (Where have we heard this before …)

It is normal for only tens of thousands of people to live in these imaginary cities built for millions of residents, because all the empty square images will eventually be used well.

As a bonus, building imaginary cities is great for economic growth.

By crossing super-highways that stretched to the middle of nowhere, erecting steel and glass towers in the towers, China was involved in construction, civil engineering, urban planning, and so on. creates new jobs in the fields. All this construction looks incredible on paper. Ghost-like infrastructure is considered a productive product and the super-aggressive GDP target is maintained.

What’s wrong with that picture?

First, there is the problem of central planning. Growth and development are free market forces with trial and error signatures. Successful cities are built from scratch, not with a bureaucratic stamp. But how does the government know where the new metropolis should go or what should be its optimal size?

Then you have accounting problems. Should tomorrow’s promise be reflected so easily in today’s balance sheets?

Imagine a state-owned corporation saying, “We will grow by 20% a year by building empty factories in an empty space that no one will use for a long time. Don’t worry, there is a demand for these factories. will appear. We will finally benefit from them. Just don’t ask when. “

Such a plan would be met with brutality by the market, as public companies are responsible for profit and investment return (ROI). (At least most of the time – in times of bubbles, investors will happily stop their rational faculties.)

The Chinese government, of course, does not have to profit from its actions. Or it can measure results in a completely unconventional way through “how many jobs we have created” or “what GDP figures look like.”

At the end of the day, the “rock city” mandate goes directly to John Maynard Keynes, who once offered to dig a hole and then refill it to get the men to work.

China is improving. Instead of digging holes, they build buildings. Although the effect is the same. “One day” will be the value of empty skyscrapers – if at first they are not condemned as outdated buildings, but until then they are just holes.

Chinese bulls are not worried about imaginary cities for at least three reasons.

First, they (with a little confidence) convinced themselves that the empty metropolis would one day (not be late).

Second, they think that even if the imaginary cities do not work, China has a lot of money to burn.

Third, as the old saying goes, “a spread loan does no harm.” As long as speculative music is played, real estate developers can continue to dance.

The problem, as always, comes when the music stops. If China turns out to have more than 20 years of power, for example, then hundreds of billions of dollars worth of sustainable projects will have to be scrapped.

The idea that China’s “economic miracle” is in fact a bet that has a big impact on mercantilism is even harsher … supported by smuggling construction … the tail end of the boom is inadvertently removed from pastry predictions in the sky for the future. growth

This is another favorite tactic of investment maniacs: to cover the growth curves towards the eternal sky, as well as mortgage for today (and borrow against it).

Although China can write checks to pay for the demolition of all these cities, there are many that are now entering the global economy with the assumption that China’s growth is a real deal. When much of this growth is actually a “nightmare” or “imaginary” growth – nowhere near these empty monuments – the collapse of this multiplicity can be detrimental.

Social Media

Social media is a combination of group-oriented online communication channels dedicated to access, communication, information exchange and communication. Different types of programs and websites dedicated to social networks, blogs, forums, wikis and social bookmarks make up different types of social media. The most common types are Facebook, YouTube, Google+, WhatsApp, Twitter, QQ, WeChat, Qzone, OLX, Instagram, LinkedIn, Tumblr, Skype, Viber, Snapchat, Pinterest, MySpace, Meetme, Meetup, Mixi, Tout, Douban, Flickr- is. , Buzznet, Wehearit and Friendster These social sites have approximately 100,000,000 registered users. Although there are different types of social media, they use many common features, for example, Consumers create service-oriented profiles for applications planned and supported by the website and the association. User-generated material such as digital images, posts, videos, comments, and information shared through online interfaces. All types of social media are interactive internet programs that enable the growth of online social networks by linking the user’s profile to the profiles of other individuals or groups.

Users typically connect to social media objects on their computers via web-based tools or download services from Internet applications to their mobile phones, through which users can create highly collaborative platforms through which individuals, groups, and organizations can segment, create, and discuss. and review user-generated information or pre-installed content displayed online. They present significant and widespread changes in communication between professions, enterprises, societies and individuals. This has changed the relationship between individuals and large institutions. Researchers are studying these changes, and as a result of these changes, new technologies are being applied. It differs from traditional print and electronic media in various aspects such as retention, customer, value, reach, occurrence, interaction, use, proximity and sustainability. Its channels operated in dialogue mode, while older media used monologue mode.

Facebook is widely used in all countries, with 84 percent of young Americans using it. Almost 60 percent of teens have social media profiles, most people spend at least two hours a day on social networking sites, and the time spent on these sites is more than the time spent on other types of sites. In 2012, the total time spent on social networking sites in the United States was 66 billion minutes, and now this figure has reached 121 billion minutes. It has become a source of professional perspectives and financial income.

There are many good and bad effects of social media. It provides an opportunity to connect with actual or virtual groups and is a real advocacy tool for businesses, financiers, charities, as well as support groups, politicians and administrations. Its significant use has also been proven as a cause of grief, cyber violence online harassment and walking.

We can’t define social media by its ability to bring people together, according to this description, telegraph and telephone can be its types. In fact, social media is commonly used to pronounce social networking sites: Facebook, Twitter, LinkedIn, Pinterest, Snapchat, Instagram and Wechat. -allows using each other to update with new things, events and happenings.

Peculiarity of social media – content that spreads like a virus

Sometimes the content posted on social networks spreads like a virus on social networks. Users will re-share content shared by another user on their social networks, resulting in more sharing. Articles such as the atomic bomb explosion in North Korea, and breaking news like Michelle Jackson’s death, have crashed Internet servers as they were quickly shared and re-shared by people using social media. This is the concept of spreading the virus from one infected person to another. Some individuals, groups, and organizations use this Viral News as an effective means of propaganda.

Use of Mobile Applications

Using a mobile phone to access sites is a big factor in the popularity of these sites. Now that social media is easier, more private, and cheaper than before, the smartphone has become a very “convenient” way to use the Internet. by the younger generation. Nowadays, young people spend more time interacting on social media sites than watching TV. With the help of a smartphone, you can easily access any site, add content, share, send, receive, make updated voice and video calls, without using a desktop computer or laptop. The use of Wi-Fi technology has allowed all members of a family to use the Internet connection. All family members can use the websites based on their likes and dislikes, time flexibility and privacy. Mobile applications such as WhatsApp and Skype are widely used to make video calls, view YouTube videos, share Facebook videos, photos, texts and update status by mobile users. Mobile social media is about the use of media in mobile phone sets such as smartphones. Mobile applications allow the creation, exchange and distribution of user-generated content. Space and time sensitivity are important factors for accessing social media with mobile devices.

Business perspective

Space and Time Sensitivity has given mobile devices an advantage over desktop computers in offering companies to expand their business through marketing and advertising. Mobile containers can be used for research, communication, sales promotion, or discount and affiliate programs.

E-commerce

With the help of e-commerce or online consumers, social sites use communicative plans, creating stages that are equally beneficial to users, industries, and networks. Users share comments about a company’s product or service with their online friends and colleagues. The company makes a profit because it gets information about how the product or service is perceived by customers. Apps like Amazon.com and Pinterest are influencing an increasing trend in e-commerce or online consumer acceptance and accessibility.

Greed and Fear.

Two emotions that play a bigger role in people’s success or failure than any other emotion we experience. Both fear and greed are related to the inner emotional state. Tens of millions of dollars have been gained and lost on the basis of these two feelings alone. In trade, work and relationships. So why do so many educational courses, stock trading books and online courses avoid this topic together?

Maybe they don’t shy away from the topic of emotions, maybe they’re actually dealing with the emotional side of the trade by teaching their readers certain techniques and skills!

It is known that emotions create a certain pleasure or dissatisfaction. It is also known that emotions are intertwined with mood, frame of mind, desires and passions. The list goes on … So how do we, as individuals, develop the ability to manage these emotions in business and in life?

Charles Darwin claimed that emotions actually serve a purpose for human beings, and rightly so, if our emotions have been evolving for more than 2 million years. Should we not use these amazing abilities to our advantage, or should we blame them for making the wrong decision? I believe that making a bad decision has nothing to do with emotions, and it’s all about laziness and lack of planning.

Lessons from One of the Adults!

Not to mention Warren Buffett’s strategy, I would have served my readers badly. He is one of the most successful investors of our time. Warren Buffett remained true to his strategy and made huge profits. Warren Buffett showed us how important and rewarding it is to stick to a plan. When deciding whether or not to invest in a company, Buffett and his partners follow a few simple rules, one of which is to try to determine the longevity of the company.

As the market is filled with greed, the same thing can happen with fear. When stocks suffer large losses over a period of time, the overall market may be more afraid of further losses. But too much fear can be a big mistake. This is when successful investors and traders take their action. This is where the real money is made.

Just as greed or fear dominate the headlines about the consequences of a potential trade war in the recent cryptocurrency boom, investors are rapidly moving from one “safe” investment to another. It becomes a constant game of cat and mouse.

These floods of money on the stock exchange show that many technical indicators have been completely ignored, indicating that an ongoing adjustment is inevitable. Retail Investors always seem overjoyed by the flood of HIGH-reading headlines. Should retail investors be turned upside down for fear of a big adjustment? It is true that losing a large portion of the value of your retirement portfolio is a difficult pill to swallow, but it is likely that the more difficult to digest market will miss out on the huge returns it currently offers to investors of all levels of experience.

Rather than trying to understand my own goals, my own success, and the dreams of others and trying to reach them, creating a list of my own desires and needs has been a big factor in putting out the fire of greed in me. trade and day-to-day decision-making.

I also added a Linked Books link, which is useful on my journey to dominate my emotions when making decisions. I will update it as I see fit.

One of the ways I find it useful is to be careful when I measure success, wealth, goals, and most importantly, happiness. These days, it is very easy to allow outside influences to affect our happiness and success. Social media blows us up every day with the success of others.

Is cryptocurrency of particular interest to you? Want to learn more about the tools that will allow you to achieve the best trade? So, it is better to close your eyes to cryptocurrency trading bots. Sounds interesting, doesn’t it? At a time when bots are found almost everywhere, it is not surprising that they are even used in cryptocurrency trading. Let’s learn more about these bots and clarify the main aspects.

Cryptocurrency (or cryptocurrency) trading bots are computer programs that allow you to buy and sell cryptocurrencies at the right time. They aim to bring benefits to their users and ensure that they gain an advantage in the long run. Bots closely monitor market conditions and perform operations based on predefined algorithms. It should also be noted that you are free to set your own parameters, and this will help you to conduct various trades. Such software can respond almost a thousand times faster than a human being – so there is no question of its operational efficiency.

Crypto trading bots can be divided into many types. Among them you will find trend-following bots, arbitrage bots and scalping bots. However, according to bitcoin.com, the most popular are arbitration bots.

Trend bots are useful if you are mainly focused on trends when you are in the process of building your strategies. These bots can follow trends and decide when it is profitable to buy and / or sell something.

Scalping programs make it easier for users to operate more efficiently in side markets. This means that ‘scalpers’ (often referred to as users) manage to buy something at a lower price and sell it at a higher price.

As for arbitrage bots, they aim to investigate prices on several exchanges and make a profit using the resulting price mismatch.

Once you have decided to put cryptocurrency trading bots into practice, then you need to think about which one can meet your business needs. Remember that all bots have different software and hardware requirements. Consider all aspects before making a decision.

Once all the paperwork is done, you can proceed to the installation procedure. In fact, you can get a trading bot that appeals to any of the following 3 options:

• Get it for free through the open source platform;

• Get a paid version of a licensed bot;

• Create a trading bot (provided you have enough technical knowledge and skills).

After working through all the details above, you have probably formed an opinion about crypto trading bots. Again, remember all their advantages over humans.

• Speed: Undoubtedly, bots run a hundred times faster than humans

• Durability: bots can work 24/7 without interruption

• Capacity: bots can process gigabytes of data per second

• 100% objectivity: bots are not prone to any emotions. They simply do what is required.

However, many experts claim that in some cases, subjective thinking is required, and in this way people can be superior to heartless bots. However, these are individual cases, and given that bots offer such great opportunities, you will be in a better position after preferring them.

As you can see, cryptocurrency trading bots prove to be really useful and multifunctional, which allows you to earn a lot of money. Just remember that you are advised to carefully consider the features of the bots to give them a full game. And then you do your best to take advantage of this genius technology.

In a world ruled by Hypnosis and FOMO [Fear Of Missing Out]It is becoming increasingly clear that a hard-working cryptocurrency lover has to undergo a litmus test to choose a sign to support in a world where real-life projects are difficult to find and good projects with long-term prospects are even harder to separate from money laundering. ‘shitcoins’.

Recent developments, where most new cryptocurrencies have reached record levels, and new ICO Projects after Crowdsale are not up to the task, it is now commonplace to blame frustrated ‘investors’ on Social Media instead of blaming ICO promoters. They themselves did not do the necessary research to select the most likely winner after the crowd before receiving a token during the ICO.

From my extensive observations, it became clear that the majority of cryptocurrency buyers simply bought coins during the ICO on the basis of FOMO (Fear of Loss) created by the masters of the hype behind these coins. Many simply bought the coin without understanding the purpose of the post-ICO or what the token should do after Crowdsale. When nothing happened after the ICO, as now in many ICOs, they jumped on social media to scream bloody murder.

Recently, my team and I completed a tour of parts of Africa and the United States to promote the Nollycoin ICO. We have organized and sponsored various conferences, held live AMA (Ask Me Everything) press conferences, and had many one-on-one meetings with crypto whales, small investors, and crypto millionaires of all colors.

In spite of all this, what amazed me the most was that there would be NO clue about the main business or project behind the token sales in which MOST token owners participated.

Surprisingly in my observations, it was an astonishing fact that many could not tell you the project’s value proposition, goals, or the company’s plan to disrupt the market and capture part of the buyers in its industries. They just got the ICO because a few telegrams or Facebook pages they visited said “Get it.” Buy Hodl and more ‘. Most of them acted with herd instinct rather than objective thinking.

Now, if most of the people I met were just teenagers or uneducated people, I wouldn’t be so surprised by the level of ignorance of most of the cryptocurrency ‘investors’ I met. On the contrary, most of the people I met were college graduates and people with certain abilities. However, less than 10% of them could easily explain why they bought a coin, expecting its value to increase over time. Everywhere I went, very few people could tell me the names, experience, and skills of the corporate managers of the company that sold the coins.

The only thing most of them could point out was that the coins were recommended by ‘respectable’ influencers, and the facts proved that most of them earned money to create FOMO and be respectful for other useless shitcoins.

With the exception of the so-called fake influencers, many cryptocurrency buyers all knew that the names of the team leaders were Russian, Chinese or Korean, although they knew absolutely nothing about them. All you need to have a successful ICO was to list the names of people from Korea, China or Russia that you would not be able to check even with a simple Google search.

Although I agree, there are many things to consider when deciding whether project tokens will gain value over time, and I think the acid test and the most urgent evaluation criteria should be the benefits of the coin itself beyond what will happen. in cryptocurrency exchanges.

Although most of the cryptocurrencies I’ve met don’t know this, the reality is that if you get a token from most ICOs, you don’t really “invest” in that company. You did not buy shares in the company and did not receive any securities from the company.

And best of all, what you do when you buy tokens during most ICOs is to “donate” to a project in exchange for a useful token or coin that has no real value in the business ecosystem controlled by the issuing company.

In other words, there is not much you can do with a token other than enjoy the utility that the ICO has added to it, other than hoping that the price of tokens will make you a “moon” or rise to become a millionaire. if any.

Since no one can accurately predict how the cryptocurrency will perform on the cryptocurrency exchange when it finally arrives, and recent experience has shown that the prices of most tokens are likely to fall in the first few weeks of entry (due to speculative sales). outside, it would make sense to consider what other value or benefit you could get from your token.

As the cryptocurrency revolution continues to change, evolve, and adapt to various developments in the market, the only way to ensure that your money is not wasted is to make sure you can still use those tokens for great value and benefits. even if you can sell it on the stock exchange for immediate profit.

When making this decision, you need to ask yourself this key question: What is the value, product, or service created by the company that sells the token, and will it give enough value to my money that this purchase is worth spending on me?

In a world of falling token prices on different exchanges, the more opportunities you have to use a token in real life with a token outside the expected list on the crypto exchange, the better your chances of not getting upset or getting stuck. signs that are useless to you.

So you have to ask again and again: IF this coin had never been traded on the stock exchange, would I still be happy that I support the vision? If this token has lost 70% of its value on the stock exchange, can I still use it to get the value of my money elsewhere?

If, after reviewing WHITEPAPER and investing in the company’s claims, you have not been able to answer these questions in the affirmative, then you should think twice before buying that coin.

Recent Sample Research

Take a current ICO like Nollycoin, a sign that strengthens the film distribution ecosystem that activates blockchain. The promoters of the coin have created various useful scenarios for the buyers of the coin to ensure that their supporters and token hodlers continue to smile, no matter what happens with Nollycoin on the cryptocurrency exchange.

The Nollytainment ecosystem includes some great support programs added to the Nollycoin token.

• Ability to use Nollycoin tokens to watch exclusive movies in cinemas and movie theaters

• Ability to use Nollycoin tokens to access thousands of movies on the Netflix-on-steroid blockchain Movie distribution.

• Ability to use Nollycoin tokens to purchase products and services at NollyMall, an Amazon platform for entertainment-based products.

• Ability to use Nollycoin tokens to pay school fees on the NOLLY Academy platform and partner companies

As you can see, in addition to the usual expectations that tokens will be listed on the cryptocurrency platform, you need to go beyond the icon of the ico and look at the immediate and long-term benefits of the token and the vitality of the project behind it.

I would like to announce that I will launch my own cryptocurrency next week, as it is currently in vogue.

Let’s call it kingcoin.

No, it is very self-serving.

What about “muttcoin”? I’ve always been a soft spot for mixed sex.

Yes, it’s perfect – everyone loves dogs.

This will be the biggest thing since fidget spinners.

Congratulations! Anyone who reads this will get a muttcoin when my new coin goes on sale next week.

I will distribute 1 million muttkoi equally. Don’t hesitate to spend them wherever you want (or where someone will receive them!).

What is this? The target cashier said they would not accept our muttcoin?

Tell skeptics that muttcoin has a scarcity value – there will only be 1 million muttcoins available. Plus, it supports 8 GB of RAM on my desktop with full confidence and credit.

Also remind them that ten years ago a bitcoin could not even buy you a packet of chewing gum. Now you can get a lifetime reserve of bitcoin.

And like bitcoin, you can keep your muttcoin safe offline away from hackers and thieves.

This is basically an exact copy of the features of bitcoin. Muttcoin has a decentralized ledger and has unbreakable cryptography, and all transactions are unchanged.

Not sure if our Muttcoins will be worth billions in the future?

Well, that’s understandable. The fact is that launching a new cryptocurrency is much more difficult, if not impossible, than it seems.

Therefore, I believe that bitcoin has reached these heights, despite all the possibilities. Thanks to its unique user network, it will continue to do so.

Of course, there were failures. However, each of these failures eventually resulted in higher prices. The last 60% decline will not be different.

Bitcoin Miracle

The success of Bitcoin is based on the ability to either trade with it now or create a global network of users who want to keep it later. Future prices will be determined by the growth rate of the network.

Even in the face of wild price changes, bitcoin adoption continues to grow exponentially. Currently, 23 million purses are open, chasing 21 million bitcoins globally. In a few years, the number of wallets could grow to cover 5 billion people on the planet connected to the Internet.

Sometimes the motivation for new cryptocurrencies was speculative; at other times they sought value reserves far from their national currencies. Last year, new apps like Coinbase made it even easier for new users to sign up.

If you haven’t noticed, people talk about bitcoin when they buy it. We all have a friend who buys bitcoin and then doesn’t shut up. Yes, I’m to blame – and I’m sure very few readers are to blame.

It is possible that the owners are subconsciously crypto-evangelical, because persuading others to buy serves their personal interests, such as increasing the value of their holdings.

Bitcoin evangelizing – spreading the good word – miraculously caused the price to rise from $ 0.001 to $ 10,000.

Tired of the global banking oligopoly, who could have imagined that its pseudonymous creator would launch an intangible digital resource competing with the value of the world’s largest currencies in less than a decade?

No religion, political movement or technology has witnessed these growth rates. I repeat, humanity has never been so closed.

Money Idea

Bitcoin started as an idea. To be clear, all the money – whether it was shell money used by primitive islanders, whether it was a gold bar or a US dollar – started as an idea. It’s the idea that a network of users will value it equally and be willing to share something of equal value to your currency.

Money has no intrinsic value; its value is purely external – only what others think is valuable.

Look at the dollar in your pocket – it’s just a one-eyed pyramid, a patterned portrait and a luxurious piece of paper with the signatures of important people.

For it to be useful, society must see it as a unit of account, and merchants must be willing to accept it as payment for goods and services.

Bitcoin has demonstrated an extraordinary ability to access and connect to a network of millions of users.

One bitcoin is just the value that the next person is willing to pay for. But if the network continues to expand exponentially, limited supply claims that prices can only move in one direction … higher.

Bottom line

Bitcoin’s nine-year rise was marked by waves of great volatility. There were several other corrections, more than 60%, including a 85% decrease in January 2015 and a 93% decrease in 2011.

However, through each of these adjustments, the network (as measured by the number of wallets) continued to expand rapidly. As some speculators saw their value fall, new investors on the margin saw value and became buyers.

Abnormal volatility levels have actually helped the bitcoin network grow to 23 million users.

Hey, maybe we need some price volatility in muttcoin to attract new users …