Cryptocurrency, engineered for people.

Mining Farm

A deeper look inside this digital revolution :
Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.

Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.

More than 6,700 different cryptocurrencies are traded publicly, according to CoinMarketCap.com, a market research website. And cryptocurrencies continue to proliferate, raising money through initial coin offerings, or ICOs. The total value of all cryptocurrencies on April 13, 2021, was more than $2.2 trillion, according to CoinMarketCap, and the total value of all bitcoins, the most popular digital currency, was pegged at about $1.2 trillion.

Mining Rig

What are Mining farms

Mining farm — is a data center, technically equipped to mine bitcoins or other cryptocurrencies. Mining farms emerged as a result of the constant complication of the mining process, which requires more technical, energy and financial resources.
Physically, crypto mining farms are rooms with a large number of computers and servers that take on tasks for mining.
There are also home-crypto mining farms or individual mining rigs.

Mining rig

They differ from ordinary PCs, by being specially assembled and designed for mining. Home farms can bring profitability, but users often face the problem of excessive electricity consumption and overheating of the computer at home which makes mining unprofitable.
One of the main resources into which a miner has to invest is electricity. It is also a risk factor, since the mining farm requires a permanent 24/7 power source. In addition, a large number of processors require an appropriate cooling and ventilation system.

How Secure Is Cryptocurrency:

While some cryptocurrencies, including Bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoins or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as Bitcoin or Ethereum or any another currencies.

Coinbase and Binance is one of the most popular cryptocurrency trading exchanges, where you can create both a wallet and buy and sell Bitcoin and other cryptocurrencies. Also, a growing number of online brokers offer cryptocurrencies, such as eToro, Tradestation and Sofi Active Investing. Robinhood offers free cryptocurrency trades (Robinhood Crypto is available in most, but not all, U.S. states) for India go to apps for trading on Centralised exchanges are — Coin DCX go, WazirX, BuyUCoin & Bitbns

How do I buy a cryptocurrency?

Binance

While some cryptocurrencies, including Bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoins or another cryptocurrency.

To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as Bitcoin or Ethereum or any another currencies.

Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell Bitcoin and other cryptocurrencies. Also, a growing number of online brokers offer cryptocurrencies, such as eToro, Tradestation and Sofi Active Investing. Robinhood offers free cryptocurrency trades (Robinhood Crypto is available in most, but not all, U.S. states) for India go to apps for trading on Centralised exchanges are — Coin DCX go, WazirX, BuyUCoin & Bitbns.

There are two types of exchange wallets to store and trade cryptocurrencies, both have their own benefits and disadvantages

Centralized Crypto Exchange
The platform has the most control
Risk of hackers
Highly popular
Charges fees for using the platform
Provides a variety of features
Easy to regulate, requires license from authorities (KYC)
High Liquidity
Executes orders in milliseconds

Decentralised Crypto exchange
User has the most control
No chance of hacking or other dangers
popular depending upon the exchange you choose
Charges zero or very minimal fees
Very few features available
No regulation ; doesn’t require a license
Low Liquidity, again depending upon the exchange liquidity pool you choose
Can take up to a couple of seconds or even a min to execute orders

Why are cryptocurrencies so popular?

Cryptocurrencies appeal to their supporters for a variety of reasons. Here are some of the most popular:
Supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable
Some supporters like the fact that cryptocurrency removes central banks from managing the money supply, since over time these banks tend to reduce the value of money via inflation
Other supporters like the technology behind cryptocurrencies, the blockchain, because it’s a decentralized processing and recording system and can be more secure than traditional payment systems
Some speculators like cryptocurrencies because they’re going up in value and have no interest in the currencies’ long-term acceptance as a way to move money

Diversify Your Investments

Diversification is a key to any good investment strategy, and it holds true when you’re investing in cryptocurrency too. Don’t put all of your money in Bitcoin, for example, just because that’s the name you know. There are thousands of options, and it’s best to spread your investment around to several currencies.

Prepare for Volatility

The cryptocurrency market is a volatile one, so be prepared for ups and downs. You’ll see dramatic swings in prices. If your investment portfolio or mental wellbeing can’t handle that, cryptocurrency might not be a wise choice for you. Cryptocurrency is all the rage right now, but remember, it’s still in its infancy. Investing in something that’s new comes with challenges, so be prepared. If you plan to participate, do your research and invest conservatively to start.

Bull versus Bear Trend in the Cryptocurrency Market: When is the Time to Invest

The fundamental notions of “bull” and “bear” trends originating from the stock exchange have penetrated the cryptocurrency market and represent the tactics of animal attacks in wild nature. Should you ever confuse the terms, you only need to remember that bears wave their paws and halt to fight while bulls lift up their horns and simply run forward. So crypto bears trade for a fall and crypto bulls aim at an exchange rate growth.

How does one identify a bearish trend on time?
In a bull market, investors are more confident in the future as they expect prices to continue growing for a certain period of time (although predicting trends is actually quite hard). The key persistent driver for new bull trends is the increasing acceptance of bitcoin and other coins as a payment instrument and investment assets, and usage of blockchain technologies and applications in new business domains. Legislative and tax changes to which the market responds immediately are also important.

Conclusions

Loss and profit are certainly common in the cryptocurrency market.
But with an asset of up to $10,000 and taking the investment process reasonably, you will see that this undertaking can really generate income.
In fact, there are not so many instruments yielding actual profits nowadays: if you compare deposit rates offered by banks and look at the terms and conditions proposed by them , you will get the idea that the chances of earning is slight.
The market is quite volatile right now, and there is a selection of countries where crypto transactions are not subject to tax, countries like Singapore, Portugal, Malta, Malaysia, Belarus and Ukraine. Taxes in Europe are massive on the other hand: France imposes a single capital gains tax of 30% on cryptocurrency transactions; in Switzerland there are four types of personal income tax rates ranging from 32% to 57% depending on the income, and the UK charges 20% to 45% of post-transaction tax.

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