How the base is used in coverage

Cash Price – Futures Price = Base (at a specific time)

A producer’s decision as to when and how to market their crops or livestock can have as big an impact on their net profit as any production decision they can make throughout the year. Today farmers have more marketing alternatives than in the past and are faced with a complex and fast marketing system. They should compare traditional marketing methods for making cash sales at harvest (or before harvest, in guaranteed insured caps), or when livestock is ready for the market, to pre-hire or cover with futures or options. To do this, they must have a thorough understanding of the relationship between the different price quotations, in order to be able to compare them equally in terms of time, place and quality.

As stated above, the relationship between cash price and the future is known as the “base”. In marketing, the basis generally refers to the difference between a price in a particular cash market and a specific futures contract price. Basis “locates” the price of futures with respect to location, time, and quality. The basis of understanding allows you to compare “futures market price quotes” with cash and “futures contract” price quotes.

Basics of calculation

The formula for calculating the base is: Cash price – Futures price = Base at a specific time. A negative basis implies that the price of futures is higher than the cash price and a positive basis implies that the price of futures is lower than the cash price.

In this formula, the “cash price” is for a specific location, time, and quality of the product. The location can be a specific elevator, an ethanol plant, a packer, etc., or it can represent an average price for the general area. The time may represent a specific day or possibly a weekly average. Quality can be the grade or corn you have or the weight of your livestock. The “futures price” of the formula corresponds to a contract for the same time that it represents the cash price. The quality of the product in the price of the futures contract is normalized.

The base is most often calculated as the difference between the cash price and the futures contract closest to maturity (close). For example, in June the corn base would be calculated using the current cash price minus the July futures contract price. The grain base can also be calculated using the cash price and a further futures contract to see if the market offers storage returns (“Carry”).

Livestock is different, as only the nearby (non-deferred) base would be considered, for purposes of hedging and selling cash, as, unlike grain, livestock is perishable and cannot be stored for any period. of time, as the great ones can do.

In our next installment, we’ll talk about ways to “predict the base” and how you can start tracking and recording your area’s basic data properly.

Latest trends to follow in cloud computing in 2020

In today’s corporate industry, the use of cloud computing has become an unspoken norm. Almost everyone has heard of it, and its benefits are powerful and save costs, increase efficiency, help you get the job done faster, and so on. In different market studies conducted over time, the results have shown that this trend in the use of cloud computing by companies and technology houses is sure to increase in the coming years.

So far, there have been some notable changes that have taken place in the field of cloud computing, and it will be important for companies to see them when they invest their time and capital in cloud computing.

Quantum computing-

Quantum computing literally translates into tasks that once took hours now would take less exponentially, second by second. This means that computers and servers will now process information much faster than usual, increasing network speed in the near future. It should be remembered that today’s networks have cloud computing at their core, which means that substantial technological changes will occur in cloud computing due to the development of quantum computing.

Using Blockchain

Blockchain technology has led to the development of faster network systems. Many companies, especially financial technology power plants, have increased the use of blockchain in cryptocurrency analysis and validation. At the heart of all this is cloud computing, which has the potential to host crypto-commerce, among other things, the initial Currency Offers.

Increasing digital knowledge-

As the more recent workforce comes to work over time, we find that it is much more versed with the technological advances of new technologies, especially cloud computing. With this, companies will see that they have two types of workers: the technologically advanced and the less so. Companies will have to carry out different training and induction programs to maintain the digitization of the older generation.

Worker mobility-

Based on correlations of the increase in digital knowledge among workers, it is soon catching up with the trend of newer workers, which has to do with worker mobility and their work. With cloud computing, workers don’t need to be present in their offices and cabinets every time they work. They can work from anywhere, from any device and get the job done. Any company that does not offer them mobility will not have loyal employees.

Computer Edge-

Edge computing means “bringing computing closer to the source of the data.” Because of this, communication between the network and the data source is substantially reduced, increasing computational speed and substantially reducing costs. How does this happen? With computing power. This type of technology is used in modern devices such as smart refrigerators, smart speakers, cars, and so on. and it is only possible thanks to cloud computing.

AI (Artificial Intelligence): the new innovative invention

Artificial intelligence is considered to be the future of digital automation. The automation facilities it offers companies have surprised even the most optimistic people, and even with their criticism, people have begun to understand the usefulness of AI. With artificial intelligence, we are expected to see an increase in devices that use edge computing, which means that its basis lies only in cloud computing. Artificial intelligence is something that all businesses should be aware of.

Computer without server-

This is a recently developed cloud computing model, where a dynamic backend system helps you expand and lower usage based on the use of your application or service instead of using default servers. This technology is also considered futuristic, with people like Microsoft CEO Satya Nadella supporting it. Slowly, open source free server IT service providers will emerge, reducing the need for server providers with whom you will need to close their services.

Data center ecosystem-

Combining the power of machine learning, cloud computing, and data processing with quantum computerization, we will see that software will soon become a service rather than a subscription-based product that will be easily used by businesses and homeowners. business with the help of these newly developed. technologies. In this way, the time to complete a project will be reduced, costs will be reduced and we will see a reduction in redundant processes. It would look like the way data is viewed today would be revolutionary, with cloud computing technology at its core.

In conclusion, current advances in cloud computing are just a glimpse of what’s to come. It’s just a base. At the forefront of all of them, there would be many newer innovations and technologies that will revolutionize the way we do everything we do.

Use of arithmetic and logarithmic returns to compare investments

Ralph and Jackie are two investors interested in the stock market. In this article I will explain how they can use two different methods to calculate a rate of return in order to compare the return on their investments.

Ralph buys $ 1,000 worth of shares from AlphaCorp. He keeps it for exactly 2 years and then sells it for $ 1200. Jackie buys $ 3,000 worth from BetaCorp. He holds his shares for a year and sells them for $ 3,300. Just to simplify the example, let’s assume that neither Ralph nor Jackie receive any dividend payments from their shares.

Ralph and Jackie now want to compare their investments. They know that there are two main methods they could use: arithmetic return and logarithmic return (often reduced to record return).

Ralph’s total profit is $ 200 and Jackie’s is $ 300. So this tells them that Jackie has made more money overall. But he also invested more. Investing more usually means you took a bigger risk (if stocks went down, you would lose more money). To take this into account, they want to know the profit as a percentage of the amount invested. This is exactly what arithmetic return provides them.

For Ralph’s investment in AlphaCorp, the arithmetic return is 20%. For Jackie’s investment in BetaCorp, the arithmetic return is 10%. So, based on the arithmetic return, it looks like Ralph has made the best investment, as his investment earned 20% compared to Jackie’s 10% investment.

But notice that Jackie sold his shares after a year, while Ralph kept his for 2 years. The arithmetic return does not include the duration of the investment, so these values ​​cannot be compared significantly. So now Ralph and Jackie compare their investments using the logarithmic return, which takes it into account to give an annual rate of return for each investment.

For Ralph’s investment in AlphaCorp, the return on record is 9.12%. For Jackie’s investment in BetaCorp, the return on record is 9.53%. Both are annual fees, so they can be compared directly.

So who made the best investment?

Based on the logarithmic return, Jackie’s investment was slightly better than Ralph’s. However, there is a slight caveat to mention, which is that Jackie sold her investment after a year, while Ralph kept her investment for 2 years. If you really want to do better than Ralph for two years, you will need to find another investment to make for the second year that makes at least 9.12% Ralph.

How to get free Bitcoin

Everyone is in a different situation. A shoe cannot fit everyone. So, we will talk about different ways to get Bitcoins for free. You may be wondering if you can get Bitcoins for free. Is possible. In this article, we will talk about 6 ways to achieve this purpose. We talk about it.

  1. Charge Bitcoin

  2. Affiliate programs

  3. Mining

  4. Games

  5. Faucets

  6. Betting and scams

Fall for scams

Don’t be fooled by scams, as you will lose all your money. So if you avoid a scam, you can use any other method to make money. Digital currency cannot be earned through these scams. For example, if an offer asks you to pay a certain amount and you have no idea what you will get in return, you know it’s a scam.

Since cryptocurrencies are quite expensive, it is not a good idea to take a risk and fall into a scam. After all, you don’t want to end up losing your money earned in a second.

Bitcoin games

There are some games that will pay you a small amount of this digital currency if you play it for a while. Typically, these games have a lot of ads attached.

All you have to do is keep playing the game and viewing the ads. That way, developers can earn from the ads and pay you a portion of their revenue.

If you have no problem viewing your ads, you can play these games and earn digital money in return.

Mining

A couple of years ago, it was possible to earn tons of bitcoins through the mining process. Today, it has become much more difficult. Today, the market is dominated by large guns with special mining equipment.

If you want to extract the coin, we recommend that you invest in a lot of powerful hardware. The computer cannot be used for this purpose.

Use affiliate programs

In my opinion, this is the easiest way to earn Bitcoins for free. Is it worth it. Affiliate programs work in all industries and cryptocurrency is no exception. For example, you can choose to refer a friend to get a discount or receive payments in Bitcoins.

Pay in Bitcoin

It’s not really 100% free. However, technically it can be called “free”. Again, it’s like a reward for the game. You can do this in many ways. For example, you can request donations to Bitcoins on your site. You can work with someone who pays in digital currency. You can also ask your employers to release your salary in digital currency. This is possible if your employers are already paying in digital currency.

If you have high hopes that Bitcoin will increase in value, we suggest you go ahead and pay in cash to buy it. This is the safest method to date. But if this is not possible, you can choose any of the methods listed above. Hopefully, one or two methods will work for you.

Top Cryptocurrencies of 2018: What are the Best Bitcoin Alternatives?

Important: This position should not be considered as investment advice. The author focuses on the best currencies in terms of actual use and adoption, not from a financial or investment perspective.

In 2017, cryptographic markets set the new standard for simple profits. Almost every piece or chip produced incredible performance. “A rising tide launches all ships,” as they say, and the end of 2017 was a deluge. Rising prices have created a positive feedback cycle, attracting more and more capital to Crypto. Unfortunately, but inevitably, this rampant market leads to a massive investment. The money has been thrown indiscriminately into all sorts of dubious projects, many of which will not bear fruit.

In the current bearish environment, hype and greed are replaced by critical appraisal and prudence. Especially for those who have lost money, marketing promises, endless shillings and charismatic oratories are no longer enough. Well, the basic reasons to buy or keep a coin are Paramount once again.

Fundamental factors in the evaluation of a cryptocurrency.

There are some factors that tend to conquer advertising and price bombs, at least in the long run:

Adoption angle

While the technology of a cryptocurrency or an ICO business plan may seem amazing without users, they are just dead projects. It is often forgotten that widespread acceptance is an essential feature of money. In fact, it is estimated that more than 90% of the value of Bitcoin depends on the number of users.

While the state trusts Fiat’s acceptance, acceptance of the cryptography is purely voluntary. Many factors play into the decision to accept a currency, but perhaps the most important consideration is the likelihood that others will accept the currency.

Security

Decentralization is essential for the I push model of a true cryptocurrency. Without decentralization, we are a little closer to a Ponzi scheme than a real cryptocurrency. Trust in people or institutions is the problem: a cryptocurrency tries to solve it.

If the dismantling of a currency or a central controller can change the transaction log, it is questioning its basic security. The same applies to parts with untested code that have not been thoroughly tested over the years. The more you can count on the code to work as described, regardless of human influence, the greater the security of a currency.

Innovation

Valid currencies strive to improve their technology, but not at the expense of security. Real technological progress is rare as it requires a lot of experience and also wisdom. While there are always fresh ideas that can be caught, if doing so poses vulnerabilities or criticizes the original purpose of a coin, no idea is made.

Innovation can be a difficult factor to assess, especially for non-technical users. However, if a currency code is stagnant or does not receive updates that address major issues, it may be a sign that developers are weak in terms of ideas or motivations.

Incentives

The economic incentives inherent in a currency are easier for the average person to understand. If a coin had a large pre-mine or an ICO (initial piece offering), the team had a significant portion of tokens, it is obvious that the main motivation is profit. When you buy what the team offers, play your game and enrich it. Be sure to provide tangible and reliable value in return.

5 cryptocurrencies to buy in 2018

There has never been a better time to re-evaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that I think are worth keeping or that they might buy at their current depressing prices (which, just by warning, could go down).

# 1. Bitcoin (for decentralization)

Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the broadest assumption, most of the security (due to the phenomenal energy consumption of Bitcoin mining), the most famous brand identity (forks have tried to be suitable) and most of Active and rational development. It is also the only piece so far represented in traditional markets in the form of Bitcoin futures trading in the US CME and CBOE.

Bitcoin remains the main engine; The performance of all other parts is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most, if not all other parts, will widen.

Bitcoin has several promising innovations in the pipeline that will soon be installed as additional layers or soft forks. Examples are the Flash (LN) system, the tree, Schnorr Mimblewimbleund signatures and more.

In particular, we plan to open a new range of applications for Bitcoin, as it allows for large-scale microtransactions and instant and secure payments. LN is becoming more stable as users test their different possibilities with real Bitcoin. As it becomes easier to use, it can be presumed that it will greatly benefit from the adoption of Bitcoin.

# 2. Litecoin (for its persistence)

Litecoin (LTC) is a Bitcoin clone with a different hash algorithm. Although Litecoin no longer has the technology of anonymity of Bitcoin, surprising reports have shown that the adoption of Litecoin in the dark markets is now the second, the only bitcoin. While a currency that I hold much more appropriate for the role of acquiring illegal goods and services, it may present itself as a result of Litecoin’s longevity: it was launched in late 2011.

Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which means Litecoin is ready for LN. Litecoin can benefit from an exchange of atomic chains. In other words, secure currency trading between equals without the involvement of third parties (i.e. stock exchange). Since Litecoin keeps its code largely in sync with Bitcoin, it is well positioned to benefit from Bitcoin’s technical progress.

# 3. Ethereum (due to smart contracts)

Ethereum (ETH) has some major issues right now. First of all, governments are busting ICOs and rightly so many have turned out to be fraudulent or bankrupt. Because most icos operate on the Ethereum network as an ERC 20 token, the ICO craze has brought a lot of value to Ethereum in recent years. If the right rules are taken to protect investors, scams from Ethereum projects may claim some legitimacy as a crowdfunding platform.

The second major problem facing Ethereum is the delayed transition to a new battery detection system and hybrid jobs. The Ethereum mining GPU is currently profitable, but Bitmain has just announced Ethereum ASIC minor, which will likely have an impact on the bottom lines of GPU miners. It remains to be seen whether this will change the prison of war and how successful this change will be.

If Ethereum can survive these two big problems, regulation and mining, they will have shown great resilience. Otherwise, there are several competing currencies that follow its shadows, such as Ethereum Classic (etc), Cardano (ADA) and EOS.

# 4. Monero (for their anonymity)

While it could not be expected to be adopted in the dark markets, I (XMR) remains the prime minister’s privacy. Its reputation and market capitalization remain above those of its rivals, and for good reason.

Monero’s code requires less trust than Zcash’s “loyal” key ceremony and had a fair start, unlike Dash. That Monero recently switched from Pow to defeat the development of a small ASIC by its algorithm confirms the commitment to mining decentralization. A significant drop in the hash rate is due to the new version, which is constantly reported against ASIC. This could also be an opportunity for the GPU and even for smaller CPUs. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow following delicate lines.

# 5. IPRONTO (A decentralized incubation platform)

iPRONTO is an incubation platform of the Ethereum chain dedicated to investors looking for a safe and reliable platform to invest in new ideas and innovative innovators who can present their ideas and receive opinions from users, experts in the practice and implementation of ideas derivatives.

The ideas of the innovators are supported, as the NES in Smart Contract format will be signed between the expert platform and the customer if the business idea of ​​the customer to the Committee for examination and registration on the platform. The idea will not be published to all users of the chain’s public platform, but only to selected members of the target community who are willing to sign the Smart contract to maintain the confidentiality of the idea.

Smart Bitcoin strategies to accumulate gold bars

I heard about Bitcoin a couple of years back in 2013 and never expected it to become a strong cryptocurrency that it is today. At the time of writing this article, it was trading on the market for a value higher than gold. This opened a window to many possibilities for me, as I am already in the market to accumulate daily this digital currency and gold bars.

With my experience, I acquired knowledge and developed methods to use this cryptocurrency and build a gold acquisition wheel continuously through its power.

The following points are methods I use to accumulate gold and bitcoin bullion.

  • Find a company that sells gold bars

  • Open an online bitcoin wallet

  • Start mining bitcoins online or offline

  • Buy gold bars with bitcoin

The above are the basic steps to carry out the process and require specific methods to make it successful. In my opinion, this is the best bitcoin strategy to accumulate gold and get it home every month.

Find a company that sells gold bars

There are many online businesses on the Internet that sell gold bars, but few offer incentive programs once you become their customer. You need to look for a company that offers much more than selling gold bullion. This company has to offer quality products, such as selling gold bars in small sizes of 1, 2.5 and 5 grams. The gold itself should be 24 carat gold, which is the highest quality you get. Incentive programs should allow you to earn commissions once you send users to your business.

Open an online bitcoin wallet

You will need a place to store your bitcoin once you are ready to start in the cryptocurrency market. There are many bitcoin wallets online available to the public for free. Look for a company that offers a wallet to store bitcoins and an offline vault to protect it. There are many hackers who try to break into the wallets of online users and steal all their bitcoins. If you store your bitcoins offline, you will never fall victim to online hackers.

Start mining bitcoins online or offline

There are two main ways to get bitcoins. My bitcoin online or offline. Extracting bitcoin online is very easy and much simpler than offline methods. I personally use both methods to test the profitability of each. Joining an online bitcoin mining farm would be a good way to start.

You also have to be very careful in this option, as there are thousands of scammers who claim to have a bitcoin farm, but in fact do not. These guys create Ponzi schemes and they will only steal everything they can from you. There are also real, trusted companies that operate bitcoin farms every day that I personally use.

You can also extract bitcoins offline by buying a bitcoin miner, which is the computer hardware you set up in your home. This hardware connects to the Internet and will start extracting bitcoins. This bitcoin will be automatically sent to your online bitcoin wallet.

Buy gold bars with bitcoin

Now that you have bitcoins every day, there are very specific ways to go about buying gold bullion from the company you choose. You must link your bitcoin wallet to a visa card. This card must also be provided to you by the bitcoin wallet company of your choice. Use this card to buy gold bullion anytime you have enough bitcoins in your online wallet.

The above steps are very basic steps that make this process a success and I have never looked back since I started doing it.

Do you want to invest? Think of the Bitcoin way

What is Bitcoin?

If you’re here, you’ve heard of Bitcoin. It has been one of the most frequent news headlines of the last year more or less, as a quick scheme to get rich, the end of finances, the birth of a truly international currency, as the end of the world or as to technology that has improved the world. But what is Bitcoin?

In short, it could be said that Bitcoin is the first decentralized money system used for online transactions, but it will probably be useful to dig a little deeper.

We all know, in general, what money is and what it is for. The most significant issue that was observed in the use of money before Bitcoin relates to its centralization and control by a single entity: the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator who bears the pseudonym “Satoshi Nakamoto” to bring decentralization to money on a global scale. The idea is that currency can be traded through international lines without difficulty or commissions, checks and balances would be distributed around the world (rather than just in the ledgers of private corporations or governments) and money would become more democratic. and equally accessible to all.

How did Bitcoin start?

The concept of Bitcoin and cryptocurrency in general was started in 2009 by Satoshi, an unknown researcher. The reason for his invention was to solve the problem of centralization in the use of money that depended on banks and computers, an issue with which many computer scientists were not happy. Attempts have been made to achieve decentralization since the late 1990s without success, so that when Satoshi published an article in 2008 that provided a solution, it was overwhelmingly welcoming. Today, Bitcoin has become a familiar currency for Internet users and has given rise to thousands of ‘altcoins’ (non-Bitcoin cryptocurrencies).

How is Bitcoin made?

Bitcoin is made through a process called mining. Just as paper money is made by printing and gold is taken out of the ground, Bitcoin is created by “mining”. Mining involves solving complex mathematical problems related to blocks that use computers and adding them to a public book. When it started, all you needed was a simple CPU (like the one you have on your home computer), but the difficulty level has increased significantly and you will now need specialized hardware, including the GPU (High Process Processing Graphics). extract Bitcoin.

How do I invest?

First, you need to open an account with a trading platform and create a portfolio; You can find some examples by searching Google for “Bitcoin Trading Platform”; they usually have names that imply “currency” or “market.” After joining one of these platforms, click Resources and then click Encryption to choose the currencies you want. There are many indicators on all platforms that are quite important and you should make sure to observe them before investing.

Just buy and hold

While mining is the safest and somehow the easiest way to earn Bitcoin, there is too much rush and the cost of electricity and specialized hardware makes it inaccessible to most of us. To avoid all this, make it easy, enter the amount you want directly from your bank and click “buy”, then make sure and observe how your investment increases as the price changes. This is called exchange and takes place on many exchange platforms available today, with the ability to trade between many different fiat currencies (USD, AUD, GBP, etc.) and different cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.).

Bitcoin trading

If you are familiar with stocks, bonds, or stock exchanges, you can easily understand cryptocurrency trading. There are Bitcoin brokers like social e-commerce, FXTM markets.com and many others from which you can choose. The platforms provide you with Bitcoin-fiat or fiat-Bitcoin currency pairs, for example, BTC-USD means to operate bitcoins for US dollars. Watch for price changes to find the perfect pair according to price changes; platforms provide pricing among other indicators to give you proper trading advice.

Bitcoin as shares

There are also organizations set up to allow you to buy shares in companies that invest in Bitcoin – these companies do business back and forth, and just invest in them and expect your monthly profits. These companies simply pool digital money from different investors and invest on their behalf.

Why invest in Bitcoin?

As you can see, investing in Bitcoin requires that you have a basic knowledge of the currency, as explained above. As with all investments, it involves risk. The question of whether or not to invest depends entirely on the person. However, if you were to give advice, I would advise you to invest in Bitcoin with a reason why Bitcoin continues to grow, although there has been a significant period of growth and growth, it is very likely that cryptocurrencies as a whole will continue to increase in value. for the next ten years. Bitcoin is the largest and best known of all current cryptocurrencies, so it is a good place to start and the safest bet right now. Although volatile in the short term, I suspect you will find that trading Bitcoin is more profitable than most other companies.

Blockchain use cases

Blockchain is what the name says: a block of transactions linked together in a chain. Originally created to support cryptocurrency, Bitcoin technology, Blockchain, has taken off and has the potential to revolutionize our lives, the economy and the world. One of the most important things about Blockchain is that all transactions are public. This means you can track everything down to its origin.

For example, imagine a foodborne illness erupting. Contamination could be traced from the dinner plate to the supermarket and back to the source of the product. We take this transparency a step further. We live in an armed society. There are many weapons that are traded illegally. Blockchain technology will not only eliminate illegal trade, but will also be a way to hold the source of the illegal arms trade accountable. In addition to allowing transactions to be public, Blockchain transactions are also fast.

Blockchain could replace current trading platforms so that investors selling shares through Blockchain will have instant access to their funds instead of the typical timeout. Transactions made in a blockchain occur extremely quickly, at a low cost, and most importantly, they are more secure than many, if not all, platforms. Security is a huge factor in Blockchain that transforms the world as we know it. Because of its design, Blockchain is basically unacceptable. Their transaction logs are decentralized, meaning there are copies of these transactions that must be verified by nodes. Once a transaction is verified, it is “sealed” in a block and change is almost impossible. Because this platform is so secure, it could be used as a means to vote in the United States and even around the world.

There are so many alleged cases of corruption and fraud that voting through Blockchain would eliminate these fears. Again, everything is public. It’s instantaneous. And it is very safe. There will be no concern about changing votes or not counting votes. The irreversible book will confirm this. In addition to being public, reliable and secure, Bitcoin is also very profitable. For most transactions, it will remove the broker. There will be no great need for third parties to manage or review transactions. Companies will not have to waste security costs to avoid fraud, as Blockchain has it covered. Companies will also be able to use Blockchain to assess their own supply chain and identify inefficiencies.

You find it curious how Blockchain started as a small platform to support Bitcoin, and now this technology is bigger than the one that was created to support it. While Blockchain technology is relatively new, there are many advantages too good to overlook. Blockchain technology is transparent. All transactions take place through a general ledger. Blockchain technology is fast and economical. And ultimately, blockchain technology is secure.

Collecting bitcoins for use in a transaction

The big question of how to get bitcoins.

After acquiring basic knowledge about what bitcoin is and how the wallet actually works, you may want to enter the world of digital currency and get bitcoins for yourself. So here comes the big question: How do I get bitcoins?

Become difficult.

After gaining knowledge of the origin of each bitcoin, based on a mining process, you will believe that the best way to obtain them is by joining this mining process. The fact is that this has become very difficult, because the popularity of cryptocurrency is growing rapidly.

Sell ​​products or services.

All bitcoins are produced as a result of a previous transaction. So the way to get them, when you don’t have any, is by receiving a transaction from someone else, when you buy them in cash or also by extracting new bitcoins.

When you meet someone who uses bitcoins, you can ask them to get bitcoins. In case you don’t know anyone who has one, you can get bitcoins by offering another type of transaction with another bitcoin user, which will make you pay in bitcoins. The alternative is to undermine them yourself.

Mining.

In case you can’t buy bitcoins from someone else, you can get them by mining them. The term mining here means: solving a complex mathematical problem, which seeks to validate the transactions of other individuals. In return, you are rewarded with bitcoins. Receiving bitcoins is sometimes free, but a commission may be included to send them, depending on the online platform you use. Before getting into bitcoin mining, you need to understand that it’s not an easy way to get bitcoins, but it does require some technical knowledge that you may not find practical.

To buy.

In case you don’t know anyone who has bitcoins, you don’t have anything to sell to exchange for bitcoins, there is a way to buy bitcoins. There are several online platforms, which sell bitcoins through a process called trading / exchange. Here are some ways to buy bitcoins:

Buy bitcoins from a person.

There are online markets where you can buy bitcoins in a person-to-person scheme. You can pay these people in cash or in other ways. The good idea is that you and the seller can arrange the form of payment: cash in person, cash by deposit, bank transfer, PayPal, etc. The key element here is finding someone you trust. A good tip is to use an online warranty service, this way you can protect yourself from any kind of fraud. The best thing about these online guarantee platforms is that everyone has to hang their scanned ID, which ensures security during transactions.

Buy bitcoins in a bag and an outlet.

Bitcoin exchanges or points of sale are basically online services that make it easier for bitcoin buyers and sellers to make transactions. To be a part of these, you just need to create an account and get your identity verified before you can buy or sell bitcoins.

Buy bitcoins using an ATM.

Some cities around the world offer physical bitcoin ATMs. Simply get your bitcoins using the local fiat currency. Governments regulate the uses of these ATMs for security reasons. Sometimes, it’s hard to find a bitcoin ATM near your location, as even the location where they are installed is regulated.

How cryptocurrencies add complexity to the divorce process

If you don’t personally invest in cryptocurrency, chances are you currently have friends, family, or colleagues who do. Cryptocurrencies have gone from a very niche market to becoming almost entirely conventional, and they have done so in a very short time. Now that they are so ubiquitous, there is a new issue to discuss and that is the question of how cryptocurrencies are handled in the divorce process.

The determination and distribution of financial assets, as well as the determination of alimony payments, are central issues to be resolved during most divorce proceedings. There are many tools available to a lawyer for financial asset disclosure, but when Bitcoin and divorce are combined, something completely new remains.

Handling Bitcoin and divorce is different from handling other financial assets for several reasons. One of them is the great volatility of its value. Bitcoin and other cryptocurrencies are known to experience absolutely wild value changes, both up and down, in value. Therefore, it is necessary to continue tracking and updating the value on the fly, or to establish it at a specific time, when something very different could end up being worthwhile. In any case, it is a less than ideal circumstance for determining and distributing assets or establishing alimony.

Another key issue to understand between cryptocurrency and divorce is that these markets and their transactions were designed to be anonymous and secure. Searching for an individual’s holdings, accounts, or transactions is not the same as looking at a bank account, retirement account, or stock portfolio. The traceability of an individual’s cryptographic accounts will be difficult, at best, and it is still unclear whether or not the courts will place any subpoena power.

Clearly this is just the beginning of Bitcoin issuance and divorce, because all cryptocurrencies are still on the rise. As more people start or continue to use them and become more common and accepted, the way they are managed as financial assets during divorce proceedings will continue to be the focus. The fact that they got up so quickly to begin with has left many people unaware today of how to deal with them in these matters. Note that Bitcoin was launched less than a decade ago.

As always, be sure to consult with an experienced professional in your area. While there is still a lot of uncertainty about how Bitcoin and divorce will be handled and what types of resolutions may await us in the future, a lawyer with experience in divorce will be able to guide you through the process and provide information on areas of financial discovery and all aspects of a pending case.