Sell cryptocurrency safely with Bitwallet? The prices of most altcoins depend on the current market price of Bitcoin. It is vital to understand that Bitcoin is relative to fiat currencies and is quite volatile. The simpler version of this is that when the value of Bitcoin goes up, the value of altcoins goes down and vice versa. The market is normally foggy when the Bitcoin price is volatile and, as you would imagine, this prevents most traders from gaining a clear understanding of what goes on in the market. At this point, it is advisable to either have close targets for our trades or simply not trade at all.
Most beginners make one common mistake: buying a coin because it’s price seems to be low or what they consider affordable. Take, for example, someone who goes for Ripple instead of Ethereum simply because the latter is much cheaper. The decision to invest in a coin should have very little to do with its affordability but a lot to do with its market cap. Just like the conventional stocks are gauged by their market caps, which is evaluated using the formula Current Market Price X Total Number of Outstanding Shares, the same applies to cryptocurrencies.
Bitwallet is a high-security cryptocurrency wallet and exchange. With BitWallet, it’s easy for anyone to send and receive Bitcoin and other digital currencies anywhere in the world, instantly, for free. BitWallet is a United States Department of Treasury ‘Money Service Business’.
Everyone is talking about cryptocurrencies. The explosion in the price of Bitcoin in previous years, when it reached its maximum price and almost touched $ 20.000 dollars, caused the eyes of the world to settle on the crypto world. Suddenly, from average citizens to financial giants, everyone became interested in cryptocurrencies. Their rising prices gave cryptocurrencies a new attraction.
IronClad Encryption Corporation (OTCQB:IRNC) and digital wallet service provider BitWallet™ today announced that they have entered into a partnership to secure BitWallet’s client credentials that, outside the cryptocurrency itself, are the basis of all legitimate transactions. In the last year, the total market cap for cryptocurrencies has experienced more than a thirty-fold increase from $16.8 billion to approximately $549 billion. Unfortunately, this enormous increase in wealth has attracted malicious hackers who through cyberattacks break into these virtual banks. Even though cryptocurrency cannot be counterfeited, it can be stolen. On December 7, 2017 an estimated $60 million in bitcoin was reported stolen from the digital wallet company, NiceHash.
Online: wallets run on the cloud and are accessible from any computing device in any location. While they are more convenient to access, online wallets store your private keys online and are controlled by a third party which makes them more vulnerable to hacking attacks and theft. Mobile: wallets run on an app on your phone and are useful because they can be used anywhere including retail stores. Mobile wallets are usually much smaller and simpler than desktop wallets because of the limited space available on mobile.
The BitWallet company launches a powerful new cryptocurrency wallet for Apple devices, which now make cryptocurrency transactions possible to anyone with an iPhone or iPad. Available on the AppStore, it enables customers to store, send, and receive Bitcoin as well as other major ‘altcoins’. Bitcoin enjoyed a big year in 2018 as Wall Street and other traditional financial institutions invested significant resources in digital currency. The future of digital currency is only improving as financial industry giants like J.P. Morgan, Goldman Sachs, and the New York Stock Exchange enter the space. Impending regulation will bring into focus the scope of cryptocurrency transactions, and it is expected to foster a breakthrough for digital commerce throughout the world. Discover extra details on Bitwallet.
