#topit

No a pak už se jen topíš doufám, že to jednou pochopíš topíš se ve vlastních slzách houpeš se na vlnách před tebou nic než strmý svah

Nahoru už se nevyškrábeš a tak padáš až na dno klesneš a všude je tma a chlad a ty nejsi schopna vstát tak ze zoufalství začínáš se smát

Cryptocurrency has become increasingly popular among investors. The cryptocurrency market is highly volatile, and there are sudden ups and downs in the price of cryptocurrencies. However, investors tend to jump on the crypto bandwagon because the return on investment is good. Since cryptocurrencies are a new concept in India, trading with them is not widely known. For beginners, investing in crypto can be a difficult and complex process.

Crypto trading is different from trading in shares and bonds. With crypto, there is no third party involved. The crypto community controls the market. One of the most important aspects of the market is that it is highly volatile and once you initiate a transaction, you cannot back out.

For first-time crypto investors, there are some tips before you put your money in the crypto market.

Picking A Crypto Trading Platform

There are several crypto trading platforms in India such as Coin DCX, topit.africa, CoinSwitch Kuber, WazirX, etc. The first step for the first-time investor is to open an account on one of the above trading platforms.

Uploading Documents and KYC

The KYC process for crypto exchanges or trading accounts is the same as for regular banks. Documents such as identity proof, address proof, PAN card, etc. are required. It is done to ensure that your account is legal and to protect you from fraud. You will also need to provide payment options. Withdrawals and deposits will be done through the payment option you specify.

Trade Orders

The crypto trading platform will verify your credentials after the KYC process is completed and all the required documents are uploaded. After it's done, it will notify you and then you can begin trading cryptocurrencies. Unlike stock exchanges, crypto exchanges are open 24/7 with no opening or closing hours. You can either store the cryptocurrency you have bought in a digital wallet or choose to withdraw it as money.

Research the market.

Starting with small investments and carefully researching the market is always a good idea. Since the crypto market is highly volatile with sudden ups and downs, it is recommended to begin with smaller investments and then increase your investment after carefully examining the market. For beginners, it is also important to get guidance from experts. It is important to get an expert's opinion before expanding your investment.

Select One Crypto

Study the market thoroughly and then choose the coin that you feel most confident about. Before enhancing your portfolio, adhere to your decision and scan your progress.

Take it slow.

Don't invest in crypto after hearing that a particular coin has set a new growth record. You need to wait for some time to scan the market because after a high rise, any crypto will either experience a correction or a fall. A better strategy is to wait for a decline in the currency you want to buy and then buy it at the lowest price.

Venture into Other Altcoins

Bitcoin is not the best cryptocurrency to invest in at least at this time. You should think carefully before investing all of your money in one cryptocurrency, as we don't know what the future holds. Keep doing your research and see which coins are doing well.

Cryptocurrencies have long been discussed and debated, but they’re only now coming to light as financial tools that can be accessible and useful to more than only die-hard connoisseurs. Cryptocurrencies have the potential to enable social and economic growth throughout the world, including in developing countries, by offering easier access to capital and financial services.

Cryptocurrencies and Bitcoin in particular have a highly utilitarian, yet also disrupting quality that has slowly, but steadily started to interfere with the way the traditional financial system works.

1. A Beneficial Rise in Economic Activities

There is already an entire industry built around cryptocurrencies and it’s held by institutions dedicated to supervising all the digital coin exchanges taking place throughout the world. The rate at which the cryptocurrency industry is growing is earth-shattering and this can be confirmed by early adopters that became rich overnight and found opportunities to grow financially. Bitcoin, the most famous of these cryptocurrencies, has already permitted many people and companies to develop and flourish, while many also rely on trading as their source of income. The economy is slowly shifting to adapt to these needs and cryptocurrencies have a great potential in satisfying them.

2. Great Opportunities for Poorly Banked Countries

More than a third of the world population does not have access to basic banking services that can help them out in case of a personal financial crisis - loans, checking accounts and the list can go on. These people who in most cases are already financially disadvantaged typically resort to doubtful and dangerous lending practices. The interest rate of these practices is anything but fair, which consequently leads to more instability among the people who requested the loan. This is where cryptocurrencies come in with their high volatility and ease-of-use.

There are now many apps and programs that facilitate the use of cryptocurrencies and bring them closer to a wider audience. An added benefit of cryptocurrency use is that it’s completely decentralized, so trading can be done freely across borders. The use of technology will facilitate a financial revolution that will leave everyone more financially connected, empowered and enabled.

3. Low Transaction Costs

Because cryptocurrencies and blockchain don’t need an actual brick-and-mortar building to exist, the costs associated with their transaction are minimal. There is no need for employee wages, utility bills or rent to be paid, so these savings naturally morph into low transaction fees. This in turn encourages more and more people to trust these new financial tools and start transacting, allowing for the global economy to be more closely intertwined. And depending on the broker you choose, you can even trade with no minimum deposit requirements - as offered by CryptoRocket, for example.

4. Increased Transparency of Transactions

Since all blockchain and cryptocurrency transactions are automated and digitized, they are all tracked in a distributed ledger. The best part about it is that it cannot be manipulated by either people or companies, which greatly diminishes the risk of fraud and corruption. This means that underdeveloped countries also have a greater chance of entering the financial transactions game and boost their own economy and social prospects. What’s more, citizens will be able to keep track of where state funds will be oriented and will thus have a say within their own political climate.

5. More power to entrepreneurs.

There’s never been a more prosperous time to do business than it is now, in the sense that blockchain technology and cryptocurrencies can help entrepreneurs receive payments in more currencies. BitPesa is one such company that helps business owners in Africa make financial transactions with European, American and Asian companies. The aim is to help small and medium businesses everywhere get better financial coverage and a liberated financial connection with the rest of the world. By using BitPesa and TenX’s digital wallet, entrepreneurs are able to quickly convert altcoins into fiat currencies that they can later redirect to business investments, purchases and payments.

The world is changing and it’s changing quickly. The speed at which cryptocurrencies are taking over is a clear indicator that traditional financial institutions can no longer hold the fort so well and that other financial needs are arising and need to be addressed. Similarly, the world is facing a growing need to tear down borders, in search of complete social and financial inclusion - this blockchain technology has everything it needs to address such issues.

Picking a coin

Your platform of choice should deal with the currencies you have an interest in. As Bitcoin and Etheruem are hybrid coins, also investing in lesser coins could be an advantage.

2. Crypto Security

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