Crypto TREND 2017-01

Everyone has heard how bitcoin and other cryptocurrencies have made millionaires out of those they bought a year ago. Profits of 1000% or more are not just possible, they have been a commonplace with many of these cryptocurrencies. Someone who bought bitcoin in May 2016 for less than $ 500 would have made a profit of 1,400% in about 17 months. Then, over the last few days, we’ve seen bitcoin lose nearly $ 1,000, so to say that these cryptocurrencies are volatile would be a big understatement.

Since the creation of bitcoin in 2008, we at Trend News have been skeptical about the ability of cryptocurrencies to survive, given that they pose a very clear threat to governments that want to see and tax all transactions. But while we may still be cautious about actual cryptocurrencies, we are well aware of the potential of the underlying technology that powers these e-currencies. In fact, we believe that this technology will be a significant destroyer in the way data is managed and that it will affect every sector of the global economy, just as the Internet has affected the media.

Here are some questions and answers to get you started …

Question: What are cryptocurrencies?

The most famous cryptocurrency (CC) is BITCOIN. It was the first CC to be launched in 2008. Today, there are more than 800 CCs, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all “virtual”. There are no “physical” coins or currency.

Question: How does CC work?

CCs are virtual currencies that exist in very large distributed databases. These databases use BLOCKCHAIN ​​technology. Because every Blockchain database is widespread, it is considered to be immune to hacking, as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators, often called “miners”, who validate transactions. A CC called Ethereum uses “smart contracts” to validate transactions. Crypto TREND will provide more details in upcoming news releases.

Question: What is BLOCKCHAIN?

Blockchain is the technology that underlies all CCs. Each transaction for the purchase, sale or exchange of CC is entered in a BLOCK, which is added to the chain. This technology is complex and will not be explained here, but it has the potential to revolutionize the financial services industry, as transactions can be executed quickly and easily by reducing or eliminating fees. The technology is also being studied for applications in many other industries.

Question: Are CC exchanges regulated by the government?

For the most part, the answer is NO, which for some consumers is a big attraction in this market. This is currently the ‘Wild West’, but governments in most developed countries are researching this market to decide what regulation may be needed. A great decision is whether to treat CC as a currency or as a commodity / security. Canada and the United States have so far declared that CCs are legal, but the situation remains volatile in terms of reporting and tax implications. Crypto TREND will monitor and report on these developments.

Question: How to invest in this market?

You can buy, sell and exchange CC using the services of specialized “Exchanges”, which act as intermediaries. You start by choosing an exchange, creating an account and transferring fiat currency to your account. You can then place your orders BUY and SELL CC. There are many exchanges around the world. Opening an account is quite simple and all these exchanges have their own rules regarding initial financing and withdrawals.

Crypto TREND we will recommend CC Exchanges in the future.

Question: Where can I store CC?

To have the freedom to move your cryptocurrencies and pay bills, you will need to have a digital wallet. These wallets come in several formats, such as a cloud-based desktop computer, hardware (USB), mobile phone, and paper. Many of them are FREE, but security is a big factor because no one ever wants to lose their wallet or steal it. Crypto TREND will recommend digital wallets in the future.

Question: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrency for some financial transactions, such as money transfers and bill payments. The list of companies accepting cryptocurrency is growing rapidly and includes major players such as Microsoft, GAP, JC Penny, Expedia, Shopify,, Dish Network, Zynga, Subway and WordPress.

Question: What’s next

To begin with, we will keep each of the Crypto TREND articles short and keep the scope of each of them as narrow as possible. As noted earlier, we believe that cryptocurrency technology will change the game and potential investment opportunities like this appear once or twice in a lifetime. Make no mistake, early investing in this sector will only be for your most speculative capital, money you can afford to lose.

Even if you don’t want to invest right now, gaining an early understanding of this new destructive technology will put you in a good position to benefit from our recommendations as we move forward.

Expect to see more news and specific recommendations from Crypto TREND as we embark on this journey to something that may seem like a foreign jungle at first. This is an unstable market and may not be to the liking of all investors, but Crypto TREND will be your guide if and when you are ready.

Stay on the line!

Crypto currency against fiat currency

Crypto currency against fiat currency

Are you aware of fiat and cryptocurrencies? Both are currencies in one form or another and are open to the public worldwide. But they are both different and different in their own way. There is always one group that prefers the use of cryptocurrencies, while the other has a soft angle for fiat currencies.

In a cashless society, cryptocurrency plays a huge role

If you look at the market from the 1970s and 1980s, you will find that money played a dominant role. But with the change in technology, electronic transactions have become the norm. Today, more and more people are being influenced to become a cashless society. With the progress towards a cashless society, cryptocurrencies play a big role.

Cryptocurrency and fiat currency are always in conflict

Cryptocurrency and fiat currency are popular types of digital currency, especially when it comes to online transactions. Both are currencies currently used in the market, but have some differences. There are a hell of a lot of ads you’ll hear every day comparing crypto money and fiat money. This article will highlight the difference between the two in a more comprehensive and clear way.

Distinguish between what currencies mean

Before you understand the difference between the two, you need to understand what they mean and how they are defined.

The fiat currency is legal tender with the support of the central government and operates in physical form. For example, US dollars, British pounds, euros, etc. On the other hand, cryptocurrency is an illegal means of payment and there is no backup from the central government or bank.

Therefore, the difference between cryptocurrency and fiat currency is noted as follows:

• Cryptocurrencies are decentralized and global in nature. There is no entity or government that controls the currency with its laws and regulations. Fiat’s currency is centralized, controlled by the laws and regulations of banks and the government.

• Cryptocurrencies exist only in the digital domain. On the other hand, you will find that fiat currencies have a tangible and physical existence.

• There is a limited supply of cryptocurrencies with the maximum set of them available on the market. While fiat money has unlimited supply, as the government and the bank have the right to produce coins and paper money when the situation is needed.

• Bitcoin and other cryptocurrencies are created by computers, while fiat currencies are issued by local government and banks.

• Cryptocurrencies are presented as public and private code. On the other hand, fiat currencies are presented in the form of coins and paper money.

• The value of cryptocurrencies is not recognized by supply and demand in the market. While the value of the fiat currency is determined by market regulations of supply and demand.

Different types of crypto and fiat currencies

Over the last decade, the popularity of cryptocurrencies has been a huge success. It was in 2009 when bitcoin was first introduced and years after the emergence of several other types of cryptocurrencies. Starting with Litecoin. Dogecoin, Ripple to Dcash and Zcash, has plenty of them. On the other hand, fiat currency has rich and ancient roots, with the Great British Pound dating back to 775 AD. It is considered to be the oldest currency in the world still in use.

The differences in anonymity between the two currencies

When using fiat currencies, you must go through a process of identifying or verifying the user. You are asked to upload a recent photo of yourself and some of the necessary documents to be issued according to public authorities. You do not need to undergo any of the required cryptocurrency processes. Although your personal information and confidential information are not made public, all your transactions are recorded and tracked in both Fiat and cryptocurrencies.

Fiat currency against cryptocurrency: level of transparency

• The level of transparency in cryptocurrencies is considered higher. This is because revenue streams are shown in a public chain. Everyone can witness their own and other people’s transactions.

• Fiat or the government. currencies are not transparent, as there are no public chains to see people’s income flows.

Comparative historical roots

If you compare cryptocurrency with that of their counterpart, fiat or national currency, you will find that their existence and creation makes a difference. Fiat or the national currency dates back to 775 AD with the introduction of the Great British Pound. That is why the fiat type currency is easily accepted by people everywhere.

On the other hand, the cryptocurrency may have been introduced for the first time only a decade ago, with the introduction of bitcoin in 2009. The challenge facing bitcoin and other cryptocurrencies is to catch up with the huge popularity and growing base of fiat currency fans. Cryptocurrency is undoubtedly gaining more and more importance and popularity in the economic market, but it is still not widely accepted in society as a fiat currency.

Comparative history of the two currencies:

• It was in the 11th century, when the Chinese Song Dynasty was perhaps the first to issue paper money. They were not allowed to exchange valuables such as gold and silver or silk.

• There were Tally sticks that were introduced as fiat or national currency. 1100 Tally sticks were introduced as a fight against gold shortages.

• 1971 was the year when the fiat currency gained worldwide recognition. President Nixon introduced it to abolish the system of fixing the dollar to gold.

• It was in 1998 when the idea of ​​an anonymous electronic cash register system came from Wei Dai. Bitgold – the first cryptocurrency was created by Nick Sabo, but did not receive as much attention as bitcoin.

• In 2009, bitcoin was introduced to the market, becoming the first cryptocurrency adopted worldwide. A series of several other cryptocurrencies were introduced in 2011 and beyond. Some of the popular ones include Litecoin, Dogecoin, Ethereum, Ripple, Zcash, Dash and so on.

Characteristics of both currencies

The potential of cryptocurrencies and fiat currencies, access to their characteristics is important. You will find that in some of the criteria bitcoin and other cryptocurrencies are better than fiat or state currency, and in some cases the latter exceeds. It is absolutely your wish to choose the type of currency (crypto currency or fiat currency) based on your personal needs and requirements.

Let’s compare their features in terms of certain factors.

• Both cryptocurrencies and fiat currencies are interchangeable in nature.

• In terms of portability, both currencies provide more or less the same position.

• In terms of non-consumption criteria, cryptocurrency and fiat currency have the same status.

• Crypto-type currencies have high durability compared to fiat currencies, which have a moderate level of durability.

• Both crypto or virtual currencies and fiat or government currencies ensure secure and secure transactions and exchanges.

• Crypto or digital currencies are highly divisible by nature. On the other hand, fiat currencies are moderately divisible.

• In terms of the transaction process, cryptocurrencies are easy and hassle-free. While, on the other hand, the process of attracting fiat currencies is easy, but not like crypto.

• Crypto-based currencies are decentralized and global in nature, unlike fiat currencies, which are centralized and operate under government laws and regulations.

• Cryptocurrency-based currencies are in short supply, while fiat currencies are unrestricted, as the government can issue coins and paper money when needed.

• Crypto-based currencies are based on mathematical algorithms and are programmable. Fiat currencies are not programmable at all.

• Fiat currencies are sovereign in nature, while cryptocurrencies are not.

The process of functioning of currencies

You can find significant differences between crypto or digital currencies and fiat currencies with the way both work and the transaction process that takes place. They are contrasting in nature. Transferring money using bitcoin is very fast and you absolutely do not need a third party association.

On the other hand, if you participate in the exchange of money using Fiat type currency, a mobile wallet is used. You can exchange an amount of electronic money that is converted into the same amount of electronic value. Both fiat and cryptocurrencies allow you to buy whatever you want. But the processes involved are completely different from each other.

Depending on the things you buy, you will find that one currency form is better than another. This is absolutely your choice.

Is Bitcoin, cryptocurrency, better than fiat currency?

The long-term benefits and capabilities of bitcoins have not yet been established. But it has been predicted by guru and cryptocurrency experts that they will have a long way to go, especially revolutionizing the way online transactions are done. In the current market, bitcoin is mainly included in online casinos and gambling, but is not limited to it.

In addition, when you compare fiat currencies, bitcoin allows you to take power and authority from banks and government because it is not controlled. Cryptography-based currency has the ability to create or invent capital on the free market. Fiat currencies are affected by inflation and market changes, unlike cryptocurrency-based ones. Such aspects lead people to believe that cryptographic-based currencies will soon take over major currencies and bring about a transformation in the way money is used.

Why are bitcoins considered a better aspect of fiat currencies?

• Bitcoin gives you the opportunity to recreate free market capitalism.

• The power to control money is entirely with individuals, not banks like fiat currencies.

• When there is inflation, bitcoin is not affected. But the Fiat currency will be easier to lose and will be affected by it.

• Bitcoin is easy to exchange and transfer compared to fiat or government currencies.

• Fees for bitcoin-related transactions are much cheaper and easily accessible.

Cryptocurrencies seem to be a good option among people

Fiat currencies are the centralized and legal way to exchange money. But cryptocurrencies have become hugely popular in the last few years. There will never be someone to act as an intermediary, as in the case of banks. In addition, cryptocurrencies are much cheaper and cheaper than conventional fiat currencies.

Send money anywhere directly without waiting for the bank’s approval

You can send money to anyone in the world directly and it’s super fast. The money is cleared within a few minutes. You do not have to wait for the traditional processes of clearing and verification of banking systems, which can take up to several days to obtain permission. Because it is decentralized and not subject to government laws and regulations, no one has the right to do anything with your account.

Blockchain technology has a very big role to play

Thanks to cryptocurrencies, this gives us the strength and power to become our own bank and take control of our finances. This is due to blockchain technology, which offers a higher level of sophistication in dealing with finances. In fact, there are some major financial industries that have begun to incorporate the idea of ​​technology.

Crypto TREND – Second Edition

In the first issue of CRYPTO TREND, we introduced cryptocurrency (CC) and answered a few questions about this new market space. There is a lot of NEWS in this market every day. Here are some highlights that give us an idea of ​​how new and exciting this market space is:

The world’s largest futures exchange to create a bitcoin futures contract

Terry Duffy, president of the Chicago Board of Trade (CME), said: “I think sometime in the second week of December you will see our [bitcoin futures] listing agreement. You can’t cut bitcoin today, so there’s only one way. Either you buy it or you sell it to someone else. So you create a two-way market, I think it’s always much more efficient. “

CME intends to release bitcoin futures by the end of the year pending regulatory review. If it succeeds, it will give investors a viable way to go “long” or “short” on bitcoin. Some exchange-traded vendors have also submitted documents for bitcoin ETFs that track bitcoin futures.

These developments have the potential to allow people to invest in cryptocurrency space without directly owning a CC or using the services of a CC exchange. Bitcoin futures could make the digital asset more useful by allowing consumers and intermediaries to hedge their currency risks. This can increase the acceptance of cryptocurrency by traders who want to accept bitcoin payments but are wary of its variable value. Institutional investors are also accustomed to trading in regulated futures that are not plagued by money laundering worries.

CME’s move also suggests that bitcoin has become too big to ignore, as the exchange seems to have ruled out crypto futures in the recent past. Bitcoin is almost everything that is talked about in brokerage and trading companies, which have suffered against the background of growing but unusually calm markets. If futures on an exchange rise, it would be almost impossible for any other exchange, such as CME, to catch up, as scale and liquidity are important in derivatives markets.

“You can’t ignore the fact that this is becoming more and more a story that will not go away,” Duffy said in an interview with CNBC. There are “major companies” that want access to bitcoin and there is a “huge hold back” from customers, he said. Duffy also believes that attracting institutional traders to the market may make bitcoin less volatile.

A Japanese village will use cryptocurrency to raise capital to revive the municipality

The Japanese village of Nishiawakura is exploring the idea of ​​conducting an initial coin offering (ICO) to raise capital to revive the municipality. This is a very new approach and they can ask for support from the national government or seek private investment. Several ICOs have had serious problems and many investors are skeptical that any new token will have value, especially if the ICO turns out to be another joke or scam. Bitcoin was definitely not a joke.


We didn’t mention ICO in the first issue of Crypto Trend, so let’s mention it now. Unlike an initial public offering (IPO), in which a company has an actual product or service for sale and wants to buy shares from their company, an ICO can be conducted by anyone who wants to initiate a new Blockchain project with the intention of creating a new one. token on their chain. ICOs are unregulated and some of them are completely fake. However, the legal ICO can raise a lot of money to fund a new Blockchain project and network. It is typical for an ICO to generate a high token price near the beginning and then return to reality soon after. Because ICO is relatively easy to hold if you know the technology and have a few dollars, there were a lot and today we have about 800 tokens in play. All of these tokens have a name, they are all cryptocurrencies, and with the exception of very well-known tokens such as Bitcoin, Ethereum and Litecoin, they are called alt-coins. Currently, Crypto Trend does not recommend participating in the ICO, as the risks are extremely high.

As we said in issue 1, this market is the ‘Wild West’ at the moment and we recommend caution. Some investors and early adopters have made big profits in this market space; however, there are many who have lost much or all. Governments are considering regulations because they want to know about each transaction in order to tax them. They all have huge debts and are limited to money.

Until now, the cryptocurrency market has avoided many government and conventional banking financial problems and pitfalls, and Blockchain technology has the potential to solve many more problems.

A great feature of bitcoin is that the creators have chosen a finite number of coins that can ever be generated – 21 million – thus ensuring that this cryptocurrency can never be inflated. Governments can print as much money (fiat currency) as they want and inflate their currency to death.

Future articles will delve into specific recommendations, but make no mistake, early investing in this sector will only be for your most speculative capital, money you can afford to lose.

CRYPTO TREND will be your guide if and when you are ready to invest in this market space.

Stay on the line!

Visa says you can buy almost anything except cryptocurrencies

The news this week is that several banks in the United States and the United Kingdom have banned the use of credit cards to purchase cryptocurrencies (CC). These reasons can not be believed – as an attempt to limit money laundering, gambling and protect the retail investor from excessive risk. Interestingly, banks will allow debit card purchases, making it clear that the only risks that are protected are their own.

With a credit card you can gamble at a casino, buy guns, drugs, alcohol, pornography, anything and everything you want, but some banks and credit card companies want to ban you from using their facilities to buy cryptocurrencies? There must be some valid reasons, and they are NOT the reasons given.

One thing banks fear is how difficult it would be to confiscate CC holdings if the credit card holder fails to make the payment. It would be much harder than re-owning a house or car. The private keys of the crypto wallet can be placed on a memory or sheet of paper and can be easily removed from the country, with little or no trace of its location. There may be high value in some crypto portfolios and credit card debt may never be repaid, leading to bankruptcy and significant loss to the bank. The wallet still contains the cryptocurrency and the owner can later access the private keys and use a local CC exchange in a foreign country to convert and pocket the money. Really awful script.

We certainly do not advocate such illegal behavior, but banks are aware of the possibility and some of them want to close it. This cannot happen with debit cards, as banks are never out of pocket – the money comes out of your account immediately and only if there is enough money to start with. We are struggling to find some honesty in the bank’s history of limiting gambling and risk-taking. Interestingly, Canadian banks are not embarking on this, probably realizing that the reasons given are false. The result of these actions is that investors and consumers are already aware that credit card companies and banks really have the ability to limit what you can buy with their credit card. They do not advertise their cards in this way and this is probably a surprise for most consumers who are used to deciding what to buy, especially from CC Exchanges and all other merchants who have concluded trade agreements with these banks. The stock market has done nothing wrong – neither have you – but fear and greed in the banking industry are causing strange things to happen. This further illustrates the extent to which the banking industry feels threatened by cryptocurrencies.

At this point, there is little cooperation, trust or understanding between the world of fiat money and the world of CC. The CC world does not have a central control body where regulations can be applied anywhere, and this leaves every country in the world trying to figure out what to do. China has decided to ban the CC, Singapore and Japan are embracing them, and many other countries are still scratching their heads. What they have in common is that they want to collect taxes on the profits from investing in CC. This is not much different from the early days of digital music, as the Internet facilitates the unrestricted distribution and distribution of unlicensed music. Digital music licensing schemes were eventually developed and adopted because listeners were OK to pay little for their music instead of endless piracy, and the music industry (performers, producers, record companies) was along with reasonable licensing fees, not with nothing. Can there be a compromise in the future of fiat and digital currencies? As people around the world enjoy more than the incredible bank profits and excessive banks in their lives, it is hoped that consumers will be treated with respect and will not be forever burdened with high costs and unjustified restrictions.

Cryptocurrencies and blockchain technology are increasing the pressure around the world to reach a reasonable compromise – this is changing the game.

Stay on the line!

Cisco CCNA Security Exam Training (640-553) – Using the Clear Crypto Gdoi Command

In today’s article, I will inform you about the Cisco IOS privileged EXEC command called “clear crypto gdoi”. Network administrators (like you) use this command to clear the current session state of a Group Domain Interpretation Group (GDOI) member with the key server.

Below is the syntax of the command:

clear crypto gdoi [group group-name | ks coop counters | ks policy | replay counter]

group group name – This (optional) combination of keyword and argument is used to give a group name.

ks coop counters – This (optional) keyword is used to clear the cooperative keyword server counters.

ks policy – This (optional) keyword is used to clear all rules that are on a key server. Remember that when you use this keyword, it does not activate (trigger) re-selection of key servers.

repetition counter – This (optional) keyword is used to clear anti-repeat counters.

Note: If you execute this command on a member of the group, its policy (status) will be deleted (cleared); and will need to register again with the key server.

And if you run this command on a key server, its “state” will be deleted (cleared). Additionally, if duplication is required between servers and this command is executed on one of them, this will cause that server to return to selection mode to select a new primary server.

By the way, if you decide to use the command, make sure your router (s) are running Cisco IOS 12.4 (11) T or later.

I hope this article was very informative and helped you quickly understand the use of the clear crypto gdoi command. If you need to learn more; I suggest you visit my website for the latest information on Cisco CCNA Security Exam Techniques (640-553).

For your success,

Good reasons to use the cryptocurrency Bitcoin

Bitcoin is a relatively new type of currency that has just begun to enter mass markets.

Critics say the use of bitcoins is not safe because –

  • They have no authentic value

  • They are not regulated

  • They can be used to make illegal transactions

All the major players in the market are still talking about bitcoins. Below are some good reasons why it is worth using this cryptocurrency.

Fast payments – When payments are made using banks, the transaction takes several days, just like bank transfers also take a long time. On the other hand, bitcoin transactions with virtual currency are usually faster.

“Zero Confirmation” transactions are instantaneous when the trader assumes a risk that has not yet been approved by the Bitcoin blockchain. If the merchant needs approval, the transaction takes 10 minutes. This is much faster than any interbank transfer.

Cheap – Credit or debit card transactions are immediate, but you will be charged for using this privilege. Bitcoin transactions are usually low and in some cases free.

No one can take it away – bitcoin is decentralized, so no central authority can take a percentage of your deposits.

No refund – Once you trade bitcoins, they are gone. You cannot request them back without the consent of the recipient. This makes it difficult to commit a fraud with a refund, which is often encountered by people with credit cards.

People buy goods and if they find them defective, they contact the credit card agency to cancel the payment, effectively returning the transaction. The credit card company does this and charges you an expensive refund fee ranging from $ 5- $ 15.

Secure personal data – Credit card numbers are stolen during online payments. Bitcoin transaction does not require any personal data. You will need to combine your private key and bitcoin key together to complete the transaction.

You just need to make sure that your private key is not accessible to strangers.

It is not inflationary – The Federal Reserve prints more dollars as the economy disperses. The government injects the newly created money into the economy, which reduces the value of the currency, thus causing inflation. Inflation reduces people’s ability to buy things because commodity prices rise.

Bitcoins are in limited quantities. The system is designed to stop digging for more bitcoins when it reaches 21 million. This means that inflation will not be a problem, but deflation will be triggered, in which commodity prices will fall.

Semi-anonymous operations – Bitcoin is relatively private but transparent. The bitcoin address is revealed in the blockchain. Anyone can search your wallet, but your name will be invisible.

Easy micropayments – Bitcoins allow you to make micropayments like 22 cents for free.

Substitute for fiat currencies – Bitcoins are a good option for holding national currencies that are experiencing capital controls and high inflation.

Bitcoins become legitimate – Large institutions such as the Bank of England and the Fed have decided to take bitcoins for trading. More and more retailers such as Reditt, Pizza, WordPress, Baidu and many other small businesses are already accepting bitcoin payments. Many binary traders and Forex brokers also allow you to trade bitcoins.

Bitcoin is the pioneer of the new era of cryptocurrency, a technology that gives you a glimpse into the future currency.