Your Cryptocurrency Newsletter for January 15, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [img]  [Learn more about RevenueStripe...](   [Learn more about RevenueStripe...]( [img]( [FeedBinary Newsletter]( [How To Invest in Cryptocurrencies: The Ultimate Beginners Guide]( Cryptocurrencies have pretty much been a topic of intense discussion over the last few years. How many times have we heard stories of people becoming overnight millionaires and, at the same time, stories of people who lost hundreds of thousands of dollars hoping to make a quick buck? So, if you are looking to invest in crypto in a safe manner, then this guide is for you. The purpose of this guide is to help educate investors as much as possible and to reduce speculation in the market. How To Invest in Cryptocurrencies 101 The very fact that you are reading this guide shows us that you are interested in investing in cryptocurrencies. These immutable and exchangeable cryptographic token promises to become hard and non-manipulatable money for the whole world. Their advocates see a future in which Bitcoin or other cryptocurrencies will substitute Euro, Dollar and so on and create the first free and hard world currency. Besides what was already said, there are three major good reasons to invest in cryptocurrencies. First, because you want to hedge your net-worth against the fall of the Dollar imperium, which is assumed by many people to inevitably happen at some time. Second, because you support the social vision behind cryptocurrencies – that of free and hard money for the whole world. Third, because you understand and like the technology behind it. However, there are also very bad reasons to invest in cryptocurrencies. Many people fall victim to the hype surrounding every cryptocurrency-bubble. There is always somebody captured by FOMO (fear of missing out), buying massively in at the peak of a bubble, just in the hope to make quick money, while not understanding cryptocurrencies at all. That’s a bad reason. Don’t do this. Learn before you invest. Early-stage investors in Bitcoin and Ethereum made millions of dollars in pure profits. In a one-year time span from December 2016 to December 2017, Bitcoin went from $750 to a staggering $20,000! This means that anybody who invested $10,000 in December 2016, would get back a mind-numbing $216,997 in exactly 365 days. In fact, the total market cap of cryptocurrencies went all the way up to an astounding $630 billion by the end of 2017. Stories like that flooded the internet and more and more people joined the crypto hype to get a slice of that crypto pie. However, as more and more speculators flooded the market, the inevitable happened.With Bitcoin taking a dip, all the other currencies took a dip, and lots of people lost their entire life savings.In this guide, we are going to show you how you can educate yourself to make an intelligent investment. Having said that, let’s start with our first lesson. Be Ok With Taking Calculated Risks Because the volatility of cryptocurrencies grossly exceeds that of any other investment class, they are not a normal investment. Plus, there is always the risk that your country may outlaw cryptocurrency trading and exchange. If that’s the case, then you should make your peace with not liquidating your crypto assets.So, the important takeaway here is to only risk as much money as you can afford. Remember That There are Other Coins Up until late 2016 Bitcoin was the cryptocurrency, and there was not much besides it. If you wanted to invest in the success of cryptocurrencies, you bought Bitcoin. Period. Other cryptocurrencies – called “Altcoins” – have just been penny stocks on shady online-markets, mostly used to keep miner’s GPUs working, pump the price and dump the coins. However, this has changed. While Bitcoin is still the dominant cryptocurrency, in 2017 it’s a share of the whole crypto-market rapidly fell from 90 to around 40 percent, and it sits around 50% as of September 2018. There are several reasons for that. While Bitcoin remains the undisputed king of cryptocurrencies, many people have questioned its future utility. Firstly, there were new and exciting cryptocurrencies coming out secondly, Bitcoin was suffering from severe performance issues and it looked like the Bitcoin community were nowhere near to solving this problem. The block-size issue, in particular, was a huge bone of contention in the community, which ultimately led to the creation of bitcoin cash and the splitting up of the community. Think About the Utility That the Coin Is Bringing Into The System So, you have gone through the market caps and decided on the bunch of coins that you wanted to invest in? Awesome job. However, this is where the real work begins.The first thing that you need to do is to read their whitepapers. Now, we understand that reading PDFs may not be the most exciting of things, however, you absolutely have to put in the work beforehand before you reap any sort of benefits. [Read Full News]( The post [How To Invest in Cryptocurrencies: The Ultimate Beginners Guide]( first appeared on [Feed Binary](. [Read Full Story]( ------------------ You Might Like     [Learn more about RevenueStripe...]( ------------------ [Iran’s Smog, Blackouts Made Worse By Power-Sapping Crypto Mining]( Outages have been compounded by cryptocurrency mining, which uses banks of high-powered computers.Cities across Iran have been cloaked in thick layers of toxic smog and darkened by blackouts, as the alleged use of low-quality fuel and power-sucking cryptocurrency mining deepen the country’s hardships.Tehran’s Hamshahri newspaper, the country’s most-read daily, ran the headline, “20 Days Living in Smoke,” on Wednesday over a photo of the capital covered in smog. Power plants have been forced to switch to burning low-grade fuel oils to generate electricity because high levels of domestic consumption have led to natural-gas shortages, the semi-official Iranian Students’ News Agency reported. Oil Minister Bijan Namdar Zanganeh denied earlier this week that any of Iran’s power stations are using fuel oil to generate electricity. Other plants have shut down, resulting in blackouts in various cities including the capital, Tehran. Officials there said on Wednesday that pollution levels had become “dangerous,” ISNA reported. Gas has become scarce because it’s used to heat most Iranian homes, and temperatures have been especially cold this winter. Household use has also increased as people stay at home to avoid coronavirus infection, while travel in private vehicles has shot up as people shun mass transport. Household gas consumption was up by 30% in late November from a month earlier, Mohammadreza Joulaei, director of supply at the National Iranian Gas Co., told state TV. The outages have been compounded by the mining of Bitcoin and other cryptocurrencies, which uses banks of high-powered computers to verify the legitimacy of transactions and create units of digital coin, government officials have said.U.S. sanctions that have isolated Iran from global financial institutions have fueled a surge in cryptocurrency mining in the Islamic Republic, which has some of the cheapest electricity in the world. The strains on the electricity grid led the government to start cracking down on illegal mining operations, and about 6,000 mining machines were recently confiscated in Markazi province, the managing director of the Markazi Electricity Supply Co., told ISNA. A spokesman for the country’s electricity industry apologized for the shutdowns on state TV and said power supplies to Bitcoin miners and industry have been strictly limited to meet domestic needs. The heavy pollution and power shortages are coming at a time when the country is battling Covid-19. Health officials in the capital have warned that high levels of pollution will exacerbate the effects of the pandemic, which has already caused more deaths in Iran than any other country in the Middle East.The head of Tehran’s coronavirus task-force urged authorities to enforce a full shutdown of the city for several days to ease high levels of congestion, which he said is directly linked to increased hospitalizations of virus patients, the semi-official Tasnim news agency reported. [Read Full News]( The post [Iran’s Smog, Blackouts Made Worse By Power-Sapping Crypto Mining]( first appeared on [Feed Binary](. [Read Full Story]( ------------------ You Might Like     [Learn more about RevenueStripe...]( ------------------ [Sellers On Dark Web Promise Vaccines. After Charging $1000 in Bitcoin, Nothing is Delivered.]( The hidden corners of world wide web, commonly known as the “dark web” host bizarre things, as is famous among people who seek what is not easily available on the regular web. Now, sellers on the dark side of the internet are capitalising on pandemic panic and scamming people seeking vaccines. Sellers have put up advertisements for coronavirus vaccines. Payment for these transactions may only be made in bitcoin. However, the goods do not get delivered to the buyer, as media reports claim, attributing it to cybersecurity firm called “Check Point”. To access the dark web, people require access to special software, which may be installed onto one’s computers easily. Even then, the dark web is a dangerous place with no regulation mechanisms in place. People can easily buy drugs, weapons, and other illegal goods on the darknet. But as the pandemic intensifies, along with global plans to continue vaccinations, hackers are attempting to take advantage. Search queries for vaccines undertaken by Check Point received 340 hits for advertisements across 34 pages. When the company had undertaken a similar exercise in December, only 8 pages of results were seen. The company published a report on Tuesday which highlighted the average price of vaccines which was $250 has gone up to $500, and in some cases even $1000. The firm reached out to seller on the messaging application Telegram, placing an order for a vaccine dose. A vaccine made in China was on sale for $750 worth of bitcoin. Once the payment was made, and delivery address was shared, the seller deleted their account, with no package slated for delivery. All vaccine-related listings require bitcoin as payment, the firm’s report said. Bitcoin has been largely seen as an anonymous form of payment. But with time, it is getting easier to trace the cryptocurrency. [Read Full News]( The post [Sellers On Dark Web Promise Vaccines. After Charging 00 in Bitcoin, Nothing is Delivered.]( first appeared on [Feed Binary](. [Read Full Story]( ------------------ You Might Like     [Learn more about RevenueStripe...]( ------------------ ------------------ Connect with TheFeedBinary on Facebook and Twitter [fb](  [tw]( ------------------ You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. FeedBinary daily newsletter is managed by [Postbox Consultancy Services Pvt. Ltd.]( C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe](