Bitcoin Disadvantages: What They Are

Like many other digital currencies, bitcoin has many disadvantages. That’s not surprising, however, given the fact that it’s a very lucrative market and many people have already made a fortune out of investing in bitcoins.

Many of the disadvantages are associated with the digital and decentralized nature of the digital currency and the technology that underpins it.  In this article, we will tackle Finance Brokerage Education Module those that are the biggest concerns of many users of bitcoin who are still worried about its viability as an alternative currency.

Popularity

Even if bitcoin already has its fair share of media attention, it’s in fact only accepted by a very small group of users. Many people are still not aware of its Finance Brokerage Trendline Scaling existence, and many of those who have heard of it either do not know how it works or don’t have the right idea of its nature.

Only several businesses and companies accept bitcoin as a means of transactions. It’s quite difficult for them to utilize bitcoin if their workers are not well informed about the digital currency simply because it’s not as popular as other currencies.

Wallets

All the bitcoins you have can be lost forever if the hard drive crashes.  It’s also possible to lose data in some other ways.

And when that things happens, you may not be able to recover any of your coins at all. To make matters worse, those coins that you have lost will be “orphaned,” which simply means that no one will benefit from them.

Volatility

Because of many various factors (supply, demand, regulations, et cetera), bitcoin’s price usually have huge and rapid swings. The factors that affect the price of this digital token are numerous. Most of the time, it’s not possible to predict what the things will be.

Digital Nature

Bitcoins do not have any physical form. What that means is that it can’t be used in physical stores. Users wouldn’t be able to store them or spend them outside of digital platforms.

Due to that fact, users will be compelled to convert bitcoins into some traditional currency before they can spend them in the physical world.

Valuation

The decentralized nature of the bitcoin network is a very huge asset, but it also has some downsides to it. For one, there’s no one to guarantee the digital currency’s minimum value. If, for instance, a large group of users decide to sell their bitcoins, the value would have to diminish, since supply is growing and demand is decreasing.

Early Staging

Bitcoin as well as the blockchain technology still has a long way to go in order to be a perfectly functioning system. It’s still on its early stages, so one cannot expect a perfect performance through this period.

Illegalities

The system that underpins bitcoin provides some amount of anonymity, and that means it can’t go without any kind of misuse. Bitcoin could be used money laundering, weapons drug buying and selling. This is another instance where the one of its biggest advantages is also one of its greatest weakness.

Top 3 Wrong Stock Market Beliefs You Need to Stop Believing In

Investing and non-investing people have differing ideas about the stock market.  Some have beliefs that sound silly for others.  Meanwhile, there are also a lot of people who think they know the stock market downright to the core when in fact they’ve only scratched its surface.  There are things that people get wrong about the Cryptocurrencies Ethereum.  Here are some of them:

Wrong Belief 1: Investing in the stock market is gambling

This is one great misconception that makes people don’t want to invest their money in the stock market. Sometimes, it makes them don’t want to invest anything at all. Indeed, there are many people who think investing and gambling are two different terms for the same activity.

However, these two things are inherently different from each other.  When you buy stocks, you are buying a part of the ownership in a company.  That means you get some rights over the assets of the company.  You also get to enjoy some portions of the company’s income or profits.

What happens is that people tend to forget the fact that the stock market isn’t just one investment vehicle.  Basically, it allows you to own a company.  And that in itself already makes it very different from gambling.

Gambling is a zero-sum game, which means one’s lost is another’s victory.  It merely takes the money from someone and then gives it to another person.  There’s no value created, which makes it all the more different from the stock market, which can let everyone enjoy wins.

Wrong Belief 2: You need to be a financial wiz

Many people avoid investing altogether just because they think they’re not savvy enough in accounting and in mathematics, without really checking if that’s true.  The thing is, you don’t have to be genius just to be a Cryptocurrencies Litecoin investor.

True, you need to at least learn by heart some concepts.  You need to know what really goes on in the stock market before you jump in.  However, you don’t really need to dig very deep.  As long as you know how to buy and sell a stock, you’re good to go.

Besides, brokers and financial advisors got your back.  They can help you learn the ropes as you go through the process, meaning you don’t have to do thinking all by yourself.

Wrong Belief 3: The stock market is only for the big guns

If we were still living in the early days without internet and everything is old-fashioned, this may have been true.   However, that’s no longer the case.

Long ago, you needed to be rich and wealthy before you can afford to invest in any financial market.  You needed to pay a person to act as your broker. However, with the advent of the internet and various technological leaps in the field of finance, investing has become child’s play for those who have the guts to try their luck in the financial markets.

Platinum Credit Card and its Major Benefits

Credit cards are well known due to great convenience, and they can make payment easier. Keeping cash in your pocket can be risky because you can end up getting theft and if you are going for a big payment then managing all isn’t easy at all.

But, if you have a credit card, then you don’t have about cash. You can pay anytime, anywhere and you will pay the bill at the end of the month. On the other hand, the bank will recruit the money from your linked debit card on the decided date. It is totally a reliable option, and you can try it out now.

But, before heading over to apply for a Malaysia platinum credit card now, you should check out the major benefits. And, we are talking about a platinum one, so, it will be better to compare it with gold one and concluding whether you should go for platinum or gold.

Make sure that the information given below can vary according to state and country. We are mentioning the very common benefits to conclude what’s right.

What Do You get In A Platinum Credit Card?

If you have income which is high enough that you can do shopping on large scales then getting a platinum credit card is easy. The eligibility requirements are quite different than usual, and you need a good pay scale. If you are earning more than $1500 a month, then you can easily get the platinum credit card.

But, the gold credit card is not easy to get, and it offers extra perks on your purchase. You get a great credit limit with gold cards, but there are more annual fees also. Due to such reasons, you can face numerous issues every month. If you don’t want to mess up with a single thing, then get a credit card that is less is annual cost and offer great services.

Why Is Platinum card Better?

There are a great number of benefits which are easy to acquire with a platinum card, and these benefits can make you prefer it.

  • You get a short-term loan with a credit card, but platinum cards offer you double limit or more than that. Due to such reasons, you don’t have to pay a big amount as interest that is common with other loans.
  • There is a reward point given per dollar, and you can collect these points in a year and then redeem without any issue. In other words, you can buy whatever you were seeking for. It is really easy and reliable option.
  • Reward points also have a cap per month or year. If you reach the limit, then you can’t earn more points, but you are capable of buying more products. But, if you are using the platinum card, then you get a great limit.

Due to such reasons you should apply for a Malaysia platinum credit card now and get it delivered at your doorsteps. Hope, this guide is enough to help you find more about platinum credit cards.

The Difference between Trading and Investing

Though many people and market participants feel like the two are just the same, trading and investing are actually very different.   One may even they’re worlds apart, if you think of it.

Trading and Digital Currency are two very different approaches when it comes to achieving the goal of accumulating wealth and earning profits from the financial markets.   For one, trading is more like hunting for quick deals that could give you numerous instances of gains, while investing requires more patience because an investor usually waits for his or her investments to grow in value.

In this article, we’re going to talk about some key differences between trading and investing.   Read on!

Time Period

As indicated above, the time periods needed to be committed on each approach vary greatly.  If you are a trader, you will hold stocks for a short period only.  It could be for a week or for a day.

There are various trading styles and each trading style requires you to hold an asset for specific lengths of time.  For example, when you are a day trader, you mostly open and close the trades on the same day.

Traders hold stocks until the short term high performance.  Meanwhile, investing is a method that works on the buy and hold principle.  The investor invests his or her money for some months to some years, decades, maybe even longer periods of time.

For the investor, the short term fluctuation of the asset’s price is insignificant, as long as the asset grows in value in the longer term.

Capital Growth

For traders, the price movement of stocks in the market is important.  If the stock’s price goes higher, traders can sell the stocks.

Simply put, trading makes use of your skills in timing the market.  On the other hand, investing is the art of creating wealth by compounding interest and dividend over the years by holding an d keeping high quality stocks in the market.

Risks

No matter what asset you choose to trade, there will always be risks.  You will always encounter dangers to your capital and you will not always succeed in avoiding the risks.

However, trading has comparatively more risks, as well as higher potential returns, as prices can go really high or really low in a short while.

Sell and Buy Bitcoin is considered by others as an art, it takes time to develop.  It attracts relatively fewer risks, and lower returns in the short term.  It can, however, deliver higher returns by compounding interests and dividends if you hold them for long enough amount of time.

Participants

Traders are those who bet their money in a stock for the short term.  Traders buy and sell fast in order to reach the higher profits in the market.  Failing to act at the right time may result to a loss.   These participants look at the present performance of the companies to reach the higher price and book profits in short term.

Meanwhile, it is not quite unusual for investors to shy away from trends.  Rather, they invest in value.  They invest for a longer period of time as they keep close tabs on the stocks that they are holding.  They wait and watch closely until the stock reaches its full potential.