Join host John Golden as he interviews Dr. Daniel, a former dentist turned cryptocurrency investment coach, on navigating the dynamic world of crypto investing. Dr. Daniel covers essential basics like market cycles, bull run investing, and safe entry strategies for beginners. He emphasizes the need for education and warns of scams, offering practical advice on choosing reliable exchanges and understanding the difference between trading and investing. For those ready to dive in, Dr. Daniel’s approach combines actionable insights with a hands-on program to help investors make informed decisions and avoid common pitfalls in this exciting, decentralized market.

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In a recent episode of the expert interview series hosted by John Golden and guest Dr. Daniel, a seasoned dentist turned cryptocurrency investment coach, shared his extensive knowledge of cryptocurrency investing. With 25 years of experience in dentistry, Dr. Daniel has successfully transitioned into the world of crypto, where he now guides others through the complexities of this dynamic market. This blog post will break down the key insights from the episode, providing actionable advice and thorough explanations to help you navigate the world of cryptocurrency investing.

Understanding Cryptocurrency: The Basics

The Overwhelming Nature of Crypto

Dr. Daniel begins by acknowledging that the world of cryptocurrency can be overwhelming for newcomers. Many people have only a vague understanding of crypto, often influenced by sensational headlines about its volatility and mixed opinions on its future. To address this, he emphasizes the importance of education and understanding the fundamentals of crypto investing.

Bull Run Investing

One of the key concepts Dr. Daniel introduces is “bull run investing,” which he likens to traditional stock market investing. In the stock market, when prices drop, investors often look for opportunities to buy shares of companies they believe in, anticipating that the market will recover over time. Similarly, in crypto, investors buy into promising projects during bear markets, waiting for the next bull run to capitalize on significant price increases.

The Cyclical Nature of the Crypto Market

Market Cycles

Dr. Daniel elaborates on the cyclical nature of the cryptocurrency market, noting that approximately every four years, a significant influx of capital leads to a bull run, where prices can skyrocket. This period can last anywhere from a few months to over a year, followed by a bear market where prices decline. He encourages listeners to think of cryptocurrencies as they would stocks, using ticker symbols to represent different projects.

Current Market Conditions

He highlights the current market conditions, indicating that the crypto space is on the verge of a new bull run, driven in part by external factors such as the upcoming U.S. presidential election. Dr. Daniel explains that the outcome of the election could serve as a catalyst for price movements in major cryptocurrencies like Bitcoin and Ethereum.

Investment Strategies and Recommendations

Importance of Education

For those looking to enter the crypto market, Dr. Daniel stresses the importance of education. He offers a free training video to help newcomers understand the basics of crypto investing. He recommends starting with well-established cryptocurrencies like Bitcoin, Ethereum, and Solana, which are considered safer bets for beginners.

Emerging Narratives

Dr. Daniel also discusses emerging narratives within the crypto space, such as gaming and artificial intelligence (AI), which he believes present significant investment opportunities. He emphasizes the importance of focusing on specific categories or narratives during a bull run, as money tends to flow from larger projects to smaller ones and from one narrative to another.

Understanding Exchanges

Centralized Exchanges

A significant part of the conversation revolves around cryptocurrency exchanges, which can be confusing for newcomers. Dr. Daniel explains that a centralized exchange functions similarly to a traditional bank account, where users can deposit fiat currency (like USD or CAD) and trade it for cryptocurrencies. He advises beginners to choose reputable exchanges and to be cautious about where they invest their money.

Buying Crypto

He simplifies the process of buying crypto, explaining that users typically convert their fiat currency into a stablecoin (a cryptocurrency pegged to a fiat currency) before purchasing other cryptocurrencies. This process allows investors to hold their funds in a more stable form while they decide which assets to buy.

Caution Against Scams

Prevalence of Scams

Dr. Daniel highlights the prevalence of scams in the cryptocurrency space, noting that many individuals have fallen victim to elaborate schemes. He warns listeners to be wary of anyone asking for money upfront or promising guaranteed returns. He emphasizes that legitimate investments should not require giving money to others, as this often leads to loss.

Due Diligence

He shares that a significant portion of his consultations involves helping individuals who have been scammed, underscoring the importance of due diligence and skepticism in the crypto world. Dr. Daniel encourages listeners to educate themselves and to seek out trustworthy resources before making any investment decisions.

Trading vs. Investing

Distinction Between Trading and Investing

One of the key topics discussed is the distinction between trading and investing, a concept that often confuses many newcomers to the crypto space. Dr. Daniel explains that trading, particularly in the context of cryptocurrency, is akin to day trading in the stock market. It requires a significant time commitment and years of experience to master the necessary skills, such as reading charts and performing technical analysis.

The Reality of Trading Groups

While trading can be rewarding for those willing to invest the time and effort, Dr. Daniel cautions that many individuals are drawn into trading groups that promise quick profits but often lead to disappointment. He emphasizes that he has yet to meet anyone who has achieved substantial success through these trading groups compared to the returns his clients have experienced through his investment coaching.

The Appeal of Cryptocurrency

Excitement and Decentralization

Dr. Daniel finds the world of cryptocurrency exciting and dynamic, especially compared to his previous career in dentistry, which he describes as slow and somewhat monotonous. He highlights the allure of crypto, not just for its potential financial gains but also for the underlying principles of decentralization that it represents.

Risks of Centralized Financial Systems

He draws a compelling analogy to a recent event in Canada, where the government froze the bank accounts of individuals who donated to a truckers’ protest. This incident served as a wake-up call for Dr. Daniel, illustrating the risks associated with centralized financial systems. The ability of a government to control access to one’s own money is a stark reminder of the vulnerabilities inherent in traditional banking. In contrast, cryptocurrency operates on a decentralized model, where individuals have full control over their assets.

The Importance of Education and Support

Dr. Daniel’s Program

Throughout the episode, Dr. Daniel emphasizes the importance of education in the cryptocurrency space. He offers a unique program designed for busy professionals and entrepreneurs who are looking to invest in crypto but may feel overwhelmed by the complexities of the market. His program is distinctive because it is conducted live, allowing participants to engage directly with him and receive real-time support.

Hands-On Approach

Participants in Dr. Daniel’s program are guided through the entire investment process, from setting up their accounts to making informed investment decisions. He provides resources and homework assignments to help them prepare, and he conducts follow-up sessions to ensure that they are fully equipped to start investing confidently. This hands-on approach removes much of the guesswork and anxiety that can accompany investing in cryptocurrencies.

Selling Strategy

Dr. Daniel also addresses a common pitfall for new investors: the fear of selling. Many individuals experience anxiety when it comes time to sell their assets, especially when they have seen significant gains. He stresses the importance of having a clear strategy for selling, advising his clients to take profits along the way rather than trying to time the market perfectly. This pragmatic approach helps investors secure their gains and avoid the emotional rollercoaster that can come with crypto investing.

Conclusion and Call to Action

As the conversation wraps up, John Goldin, the host, encourages listeners to seek out expert guidance when venturing into the world of cryptocurrency. Dr. Daniel’s insights and experiences serve as a valuable resource for anyone looking to navigate this complex and often intimidating market.

For those interested in learning more about Dr. Daniel’s program, he invites them to reach out via email. His commitment to educating and empowering others in the crypto space is evident, and he aims to help individuals achieve financial success while minimizing the risks associated with investing.

Our Host

John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist, he has conducted over 1500 video interviews of thought leaders for Sales POP! online sales magazine & YouTube Channel and for audio podcast channels where Sales POP! is rated in the top 2% of most popular shows out of 3,320,580 podcasts globally, ranked by Listen Score. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.

In the realm of finance, few innovations have stirred as much debate and pleasure as Bitcoin. Born out of a choice for decentralization and economic sovereignty, Bitcoin has challenged conventional notions of foreign money and ignited discussions about the destiny of finance. However, its meteoric upward thrust has additionally raised issues about law and oversight. As we stand on the cusp of a brand new generation in finance, it is crucial to discover how Bitcoin and its ilk will shape the next generation of economic regulations.

The Rise of Bitcoin

Since its inception in 2009 by way of the pseudonymous Satoshi Nakamoto, Bitcoin has evolved from a spot test to a global phenomenon. Its decentralized nature, secured via blockchain generation, has attracted a passionate community of customers and investors. Bitcoin’s finite delivery and deflationary nature have placed it as a hedge towards inflation and financial uncertainty, further fueling its adoption.

Regulatory Challenges

Despite its growing popularity, Bitcoin operates in a regulatory gray area in many jurisdictions. Governments and economic establishments have grappled with how to classify and adjust this novel asset. Some countries have embraced Bitcoin, recognizing its potential for innovation and monetary boom, even as others have taken a greater careful method, citing concerns about cash laundering, tax evasion, and consumer safety.

Key Regulatory Considerations

As regulators round the arena are trying to find to navigate the complexities of cryptocurrency, numerous key issues emerge:

• Classification: Determining whether or not Bitcoin is a foreign money, commodity, safety, or something else totally is crucial for crafting appropriate regulations.
• Consumer Protection: Safeguarding investors and customers from fraud, theft, and market manipulation is paramount.
• Taxation: Developing clean hints for taxing cryptocurrency transactions and holdings to ensure compliance and equity.
• Market Oversight: Establishing mechanisms for tracking and regulating cryptocurrency exchanges and trading platforms to preserve marketplace integrity.
• International Cooperation: Collaborating with other countries to create cohesive regulatory frameworks that facilitate move-border transactions even as addressing regulatory arbitrage.

Algorand Staking

One modern technique to address regulatory concerns even as selling decentralization is Algorand’s staking mechanism. Algorand is a blockchain platform that pursues creating a non-boundary financial system through leveraging its specific consensus set of rules. Unlike proof-of-paintings systems like Bitcoin, which require massive strength consumption, Algorand makes use of a proof-of-stake consensus mechanism that relies on participants staking their tokens to secure the network.

Algorand staking gives several advantages:

• Decentralization: By staking their tokens, customers contribute to the safety and decentralization of the Algorand network, reducing the reliance on centralized mining swimming pools.
• Incentives: Stakers earn rewards for collaborating in consensus, incentivizing network participation and engagement.
• Sustainability: Algorand’s evidence-of-stake mechanism is far extra strength-efficient than traditional proof-of-paintings systems, making it greater environmentally friendly.
• Regulatory Compliance: Staking presents a mechanism for users to actively participate in community governance even as closing compliant with regulatory necessities.

Navigating the Regulatory Landscape

Before delving into the destiny of financial guidelines, it’s important to apprehend the current regulatory panorama surrounding cryptocurrencies like Bitcoin. Governments and regulatory bodies internationally are grappling with the challenges posed through the speedy increase of digital assets. Questions abound concerning classification, taxation, and oversight, underscoring the need for complete and cohesive regulatory frameworks. As we navigate this complex terrain, it’s clear that collaboration and innovation might be key to shaping a regulatory environment that fosters both innovation and investor protection.

The Future of Financial Regulations

As Bitcoin and different cryptocurrencies preserve to reshape the financial landscape, regulators face the undertaking of balancing innovation with oversight. The fast tempo of technological advancement requires nimble and adaptive regulatory frameworks that can hold tempo with evolving threats and possibilities. bMoving ahead, collaboration among regulators, industry stakeholders, and the broader network could be crucial to fostering a regulatory surroundings that promotes innovation whilst defensive customers and investors. By embracing new technologies like Algorand’s staking mechanism and adopting a forward-wondering approach to law, we will form a future where cryptocurrency performs a pivotal role in a more inclusive and resilient monetary system.

Bitcoin, Algorand, and Financial Regulation: Forging the Future

In the end, the intersection of Bitcoin and monetary guidelines affords a crossroads for the destiny of finance. The adventure in advance will require careful navigation, balancing innovation with regulatory oversight to ensure the integrity and balance of our economic structures. As we include the transformative potential of cryptocurrencies like Bitcoin and modern technologies like Algorand’s staking mechanism, we need to continue to be vigilant in addressing regulatory demanding situations and fostering an environment conducive to boom and innovation. Collaboration among regulators, enterprise stakeholders, and the broader community may be crucial in shaping a regulatory framework that promotes transparency, security, and inclusivity. Ultimately, by working together to harness the electricity of technology while upholding core concepts of fairness and responsibility, we are able to chart a direction in the direction of a greater resilient and equitable financial destiny.

Diversification as an investment strategy handily predates modern markets and possibly even written history. After all, if, say, a prehistoric village wanted to ensure a consistent food supply, it probably wouldn’t have pinned everything on just one food source. A village that had crops, domestic animals, and wild game as food would have been more resilient compared to one that relied on just one of these resources.

Fast forward to the present: the same principle still broadly applies to any modern-day allocation of resources. Savvy investors will still spread investments across different asset classes, industries, and geographical regions, forgoing growth potential in order to reduce risk and ensure the continuity of a wider portfolio. Indeed, some observers would peg diversification as the main thing that separates real investors from gamblers.

Arguments over definitions notwithstanding, cryptocurrencies have emerged as a new favorite of investors who want to further diversify their portfolios. As a relatively new asset class, cryptocurrencies offer unique opportunities that simply aren’t offered by traditional stock, bond, property, and fiat money market investments. Here’s what some of the more established cryptocurrencies can bring to your portfolio diversification efforts:

1) A Hedge Against Inflation

Cryptocurrencies like Bitcoin (BTC) and Monero (XMR) have limited supply baked into their designs. In practical terms, this makes them immune to the inevitable inflationary pressures that affect conventional fiat currencies.

Adding a cryptocurrency with good historical performances to your portfolio can, therefore, serve as a hedge against the eroding value of traditional currencies. If you want to use privacy coins like Monero as a hedge, be sure to use a Monero wallet with features that contribute to your diversification strategy.

2) Potential for High Returns

Time and time again, cryptocurrency markets have offered investors significant returns, often outperforming traditional assets over short periods. Given the proven track record of crypto since the early 2010s, including at least a small amount of crypto in your portfolio should provide you with constant exposure to these high-growth opportunities.

3) Portfolio Protection

While you may not necessarily want a portfolio that is entirely made up of cryptocurrencies, you can say much the same out of any portfolio that is solely made up of stocks or bonds. Indeed, because cryptocurrencies have historically shown a low correlation with traditional asset classes like stocks and bonds, they are possibly one of the better choices for diversification, particularly if your portfolio is already a bit heavy on those asset classes.

4) Fewer Boundaries

Unlike many traditional investment markets, cryptocurrency markets operate 24/7. Investing in crypto, therefore, provides your portfolio with growth opportunities without the constraints of traditional market hours. More importantly, the vast majority of crypto networks are not tied to any geographic boundaries, further increasing your portfolio’s overall flexibility.

5) Decentralization

As recent global conflicts have demonstrated, traditional asset classes are easily controlled by centralized authorities, much to the detriment of smaller investors. It’s already proven that cryptocurrencies’ decentralized structures can protect investors against systemic risks associated with centralized control. As such, this makes these blockchain assets an ideal way to preserve your portfolio’s value.

6) Increasing Adoption

Despite the multiple false alarms signaling the demise of cryptocurrencies, the market continues to grow and develop, with an increasing number of institutional investors entering the space. As more major corporations and governments invest in crypto, we should finally see more cryptocurrencies hit critical mass in terms of usage, driving liquidity and stability.

Of course, this will only benefit your portfolio if you’re already holding onto crypto. Holding crypto investments now will likely put you in a great position to take advantage of a demonstrably resilient and promising market.

7) Diversification within Crypto

The ongoing development and diversification of crypto itself is creating opportunities for those willing to cast a wider net when investing. The developing crypto and related blockchain frameworks are putting forth new use cases and different value propositions, each presenting potential opportunities.

In addition, new cryptocurrencies are being developed to address emerging needs. Diversifying your investments within crypto by holding a mix of established cryptocurrencies like Bitcoin and Ethereum, along with proven alternatives like Monero, can further reduce risk and give you more room to grow later on.

8) Access to a New Asset Class

We have to remember that the stock, bond, real estate, and money markets that we’ve come to depend on for the bulk of our portfolio investments did not develop overnight. Indeed, they all took decades, if not centuries, of evolution before they reached their present forms.

As an asset class, it bears pointing out that cryptocurrencies are not even two decades old. Their potential remains largely unexplored, and there may still be opportunities available in them that might not be available elsewhere.

Consider for the moment that the disruptive nature of blockchain technology, the foundation of cryptocurrencies, is only now being widely felt in finance, supply chain tracking, and healthcare. With at least some crypto in your portfolio, you will be able to participate in any transformational growth related to decentralized blockchain currencies.

Don’t Leave Crypto Out Just Yet

Cryptocurrencies may not be for everyone, but leaving them off the table when it comes to your portfolio diversification might be a mistake. The asset class’s novelty, coupled with its inherent disconnection with conventional assets, make it a particularly attractive way of hedging your bets and building an exceptionally well-balanced mix of assets in your portfolio.

As with any investment, however, the key to success with crypto is to understand how its specific qualities can complement your current or expected future mix of assets. With thorough research, you’ll hopefully allocate just the right amount of capital to the cryptocurrency assets that make the most sense for your investment strategy.

Are you planning to buy a lightsaber? Do you want one for dueling or displaying purposes?

Ask Star Wars fans, and you find that lightsabers are something that they all want. However, finding a blade that suits your personality and style is a challenging part.

But worry not!

We’re here to help you figure out the right saber for you. We’ll explore all the best lightsabers, from exhilarating Neopixel to immersive Galaxy’s edge lightsaber.

Let’s embark on a journey together to find the best one among the beautiful artifacts.

Types of Lightsabers

Thanks to modern-day technical advancement, many types of sabers exist. Whether you want one for intense dueling or just want to add one more to your collection, there are lightsabers out there with tons of exciting features.

We’ll look upon numerous options – from single and double-bladed to neopixel and Galaxy’s edge lightsaber blades that’ll help you fulfill your dream of dueling or displaying.

But most importantly, what do you wish to have in your lightsaber? Are you getting it for the first time for display purposes?

Do you want to master popular lightsaber combat moves? Maybe you want to increase the grace of your collections.

Whatever your case is, being clear about your buying intentions will bring you remarkable experiences.

Let’s explore the most sought-after blades that fans like the most.

1.    Single-Bladed Lightsabers

When you wish to have a single-bladed lightsaber, you have numerous options. Such as–

• Neopixel lightsabers

If you’re a technology freak and want to explore the beauty of advanced technology with robustness and quality, you may consider Neopixel sabers. These sabers have mind-blowing features that allow you to have fun with the utmost customization options.

• Dueling lightsabers

Dueling lightsabers are the most carefully crafted lightsabers focused on making your dueling experience remarkable. These sabers have suitable blade lengths and thin hilts to strengthen and comfort your grip.

Moreover, dueling lightsabers are the strongest to stand advanced combat maneuvers. So if your intentions are bending towards mastering dueling, these lightsabers are best.

• Galaxy’s Edge lightsabers

The galaxy’s edge blades are battle-ready durable lightsabers. These sabers have vibrant blade color and provide the utmost authentic sound that enhances your dueling experience.

Incredibly crafted with attention to detail, Galaxy Edge sabers are the perfect replicas of the iconic Star Wars weapons. Being an official Star Wars collectible makes this saber special and a must-to-have in your collection.

Designed for beginners and experienced duelists, collectors and cosplayers, it offers realistic and authentic light and sound effects for an immersive experience.

2.    Double-Bladed Lightsabers

When a double-bladed lightsaber appeared in the Star Wars series for the first time, it attracted the attention of colossal fans. The concept of two blades in a hilt seemed beautiful, powerful, and appealing to most fans.

In Star Wars, it was proposed to increase the rate of attack.

It is the best blade if you want to advance your dueling skills. You can master utmost combat maneuvers with a double-bladed saber and are as powerful as any other character who wielded a double-bladed lightsaber in the Star Wars saga.

3.    Custom Lightsabers

Do you want to craft your own lightsaber?

If so, you can choose custom lightsabers. These sabers allow you to choose everything – from blade color to hilt design and many other things.

Custom blades are a great way to show your creativity. You can invent something amazing and unique.

Things To Consider When Buying a Lightsaber

Exploring the types of lightsaber isn’t only about discovering the best one.

Instead, it is more about finding something that matches your requirements, like budget, features, color, customization options, sounds & lighting effects, the material used to construct the hilts, etc.

1.   Hilt Design

It is crucial to consider the hilt of your saber.

When you choose lightsabers with various advanced features, it’ll probably come with a thick hilt. A thick hilt wouldn’t be suitable if you’re considering a lightsaber for dueling.

2.   Color

Colors are the most crucial component in blades. Each different blade color signifies a different meaning associated with the warriors in Star Wars.

For example, Luke Skywalker’s blue and green blades represent justice and growth. On the other hand, the red lightsaber of the Sith Lord represents power.

3.   Features

Honestly, if there’s one thing we would want the most from our lightsabers, it would be features like–

• Interchangeable colors options
• Appealing and high-quality hilt designs
• Suitable blade length
• Customization option
• Additional accessories
• Inspired by Star Wars lightsabers

4.   Light & Sound Effects

Another important consideration is whether your lightsabers have customizable light and sound effects. It’ll do wonders to your ears while elevating your dueling experience when you have desired sound effects on clashing and igniting your blade.

5.   Durability

Your lightsaber is value for money when it has long-lasting and rechargeable batteries. After all, you would wish your saber to live longer with you. Right? Therefore, considering a rechargeable battery with power-saving abilities is all you need when buying a lightsaber.

Conclusion

Now that you know about fans’ preferred saber types, you can buy any blade whose features, designs and colors match your dream list.

May the Force be with you on your lightsaber journey!

Although many people were originally dubious about digital assets challenging traditional ones, Cryptocurrencies have grown in popularity. Several well-known Cryptocurrency figures set the trend off, but new coins are being released every year.

The quick emergence and acceptance of new currencies, however, have far-reaching effects that begin with banks and end with consumers.

Benefits Of Using Crypto To Buy Things

Crypto payments may not be the standard way to buy things yet. However, with its growing popularity, it is being used as a payment method to buy several products and services.

But before looking into the list of things you can buy using Crypto, let us see how Crypto payments are beneficial—

Low Transaction Fees

Using Cryptocurrency for transactions can occasionally be fully cost-free. The costs for Cryptocurrencies are far lower than those for debit and credit cards. For those who sometimes use these various payment methods to purchase products and services, these fees can pile up very rapidly.

Secured Payments

There is no way to access your money if you lose your Crypto wallet’s private key. The design of the system and the dispersed computer network checking transactions protect transactions. The network gets safer as more processing power is added to it.

Transparency

Transparency does away with the necessity for checks and balances, which frequently consume significant resources and labor. Some estimate that as a result, financial reporting expenses may decrease by 70%. Additionally, data is streamlined and optimized, making it simpler for businesses to adhere to rules and fulfill data requests.

Global Payments

With the help of Cryptocurrencies, you may rapidly and cheaply transact abroad. All you need is a way to purchase and sell Cryptocurrencies online and access the internet. Since Cryptocurrencies have no national boundaries, they may be used anywhere around the globe.

What Can You Buy With Crypto

Without any delay, the following is a list of items where you can spend your digital currencies—

Gift Cards

Even while you may directly use your bitcoin to pay for goods and services from a variety of businesses, there is still a long way to go before Crypto payments are widely accepted.

Finding somewhere to spend your money might be difficult because the majority of companies do not currently accept Cryptocurrency payments.

Because of this, purchasing gift cards with Cryptocurrency might be a lot simpler. By doing this, you may indirectly spend your Cryptocurrency at tens of thousands of locations throughout the world.

Real Estate

Adding real estate to your investment portfolio using Cryptocurrencies might add stability and diversification. Traditional wait periods and intermediaries in the real estate sector may be eliminated by smart contracts.

Potential limitations include retailers’ reluctance to accept Cryptocurrency payments and daily variations in Cryptocurrency prices that affect consumers’ purchasing power.

Luxury Products

By entering the Cryptocurrency sector, luxury companies like Gucci, Off-White, Equinox, and Philipp Plein have shown that Cryptocurrency has an impact on the premium market. Major worldwide luxury companies use Cryptocurrencies to expand their markets and interact with consumers.

You might be astonished to learn that luxury goods—items with high prices or status—can be purchased using Cryptocurrencies!

The diamond market is a great place to start if you’re trying to invest in your Cryptocurrencies.

Travel Bookings

Bitcoin could provide a better level of safety and security since transactions are done with an anonymous alphanumeric address rather than your personal information.

Due to the fact that it does not need to be kept in a wallet, bitcoin is also less vulnerable to theft. Additionally, unlike with credit cards, you are not concerned with overseas transaction fees or currency changes.

Cryptocurrency

The most exciting and evidently the best purchase you can make with Cryptocurrencies are buying more/other Cryptocurrencies.

You can use your old currencies to buy tokens that are trending or you can exchange Cryptocurrencies when their prices fall.

This decision needs to be taken with utter care and market knowledge. However, it is one of the most mindful spendings you can do right now while waiting for Crypto payment acceptance in other sectors.

For example, if you want to exchange your Cryptos to get Chainlink, do thorough research on chainlink price prediction to make the best decision.

Conclusion

For people who don’t meet the criteria for creating a bank account, Crypto payments can offer an alternate form of transaction.

Some businesses could be trying to capitalize on the most recent fad or enjoy the novelty of a novel payment method. Some people think Cryptocurrencies are the future.

If you are a Crypto fanatic, you know why we use Cryptocurrency profit calculators! If you are new to the world of digital currency, then let us tell you that these calculators are absolutely necessary for calculating both the advantages as well as disadvantages involved in investing in Cryptocurrencies.

One of the most profitable methods of making virtual money in 2022, investing in Cryptocurrencies, has skyrocketed since its launch more than a decade ago in 2009. By the way, in addition to investing you can also try mining website hosting minery.io. This will allow you to mine your own coins and not pay commissions to anyone.  Yes, the market has been home to several volatile fluctuations, but it is considered to be worth all the risks for most investors. As a new investor, you can keep up with Crypto news and read more on several Crypto trading platforms.

Keep reading to find out more about Crypto calculators and their subsequent relevance in 2022!

Cryptocurrency Profit Calculators: 5 Calculators You Should Know About:

Crypto calculators basically obtain data and information from different exchanges or wallets. Once the data has been retrieved, the calculator simply finds the profit, income, and even loss based on the collected information.

So without wasting any more time, scroll down and find the top five Crypto calculators in 2022!

1. Cryptomo:

Cryptomo is one calculator that helps users to find out how much they will make over time with their investments in Cryptocurrencies. For using the Cryptomo calculator, you will be required to enter the amount of your first investment that you would want to calculate in EUR or USD.

After that, simply choose the Cryptocurrency of your choice, accompanied by the purchase date. You’ll just need to click on the ‘calculate’ button to check out the investment fee as well as the coin price.

2. Mortagecalculator:

One of the easiest Crypto calculators out there, Mortagecalculator is known for how user-friendly the tool happens to be! Users using Mortagecalculator will be asked to put in their “Investment Amount” followed by their “initial coin price” – once users are done with these two fields, the next fields where you have to enter information are “Coin Selling Price” and “Investment Cost.”

The final results that you will obtain will display a number of things, such as,

• the investment amount,
• the investment fee,
• the profit o loss,
• the Crypto coins equal to the amount invested, and
• the total amount.

Remember that while a green number is indicative of profit, the red number is indicative of loss.

3. Crypto.com:

Crypto.com is a great tool for calculating the amount of money you will make while you begin trading in Cryptocurrency by entering all the required values. The tool has been designed for the purpose of simulating trading positions, all of which are open as well as closed at different specific values.

Additionally, you can also find out about monetary yields accompanied by the total amount of

Pips lost or gained.

4. Easy Bitcoin Calculator:

What’s obvious from the name of this tool is that it can easily calculate Bitcoins, and Easy Bitcoin Calculator does exactly that! In fact, the Easy Bitcoin Calculator tool calculates profit and loss so fast that users love it for its speed and simplicity, considering the tool happens to be one of the easiest ways to check on your profits.

Users are only required to enter the total amount of Bitcoins that they purchased, as well as the sell and buy prices. Additionally, the tool allows users to also enter the transaction fees they have paid. This tool is easily available for Android users as an application and happens to be very user-friendly.

5. DQYDJ:

DQYDJ is an interesting Cryptocurrency profit calculator. It has the date of 17th July 2010 set at default, while the present date is always set as the date of yesterday. This basically means that the DQYDJ is one tool that cannot calculate the future earnings of Cryptocurrencies.

For determining the total investment value between two different dates, find out the investment amount, and enter both start and end dates, followed by a tick on the CPI button. You will get your results right next to the total return, annual return as well as a final grade.

And It’s A Wrap!

Now that you have a fair idea about the top Crypto profit calculators, what’s stopping you? Do your research and find out which calculator suits you. For Crypto veterans, you already know which ones suit you. If we have missed out on any easy-to-use, simple calculations, let us know about the same in the comments below.

Introduction

For the longest time in human history, central banks working hand-in-hand with national governments have controlled our financial beings. They have enforced financial codes and always ensured that everything is in their control. This is a major way that they have forced citizens to do what they want us to do.

The nature and extent of the powers of banks and financial institutions had become so huge that they imagined that they could do anything and get away with it. Think about the 2007-08 Financial Crisis and the infamous role that was played by investment companies, banks, and governmental authorities. They brought the world crumbling down.

In 2008, Satoshi Nakamoto analyzing the role of banks realized that overwhelming financial control should be countered with a secure, strong, stable, and decentralized financial currency that was free from any form of third-party interference. Hence Bitcoin or BTC was born. The open-source crypto was expected to take on the established financial system.

Understanding Cryptocurrencies

Let us start by stating that the easiest definition of cryptocurrencies is internet money or digital coin that is created by solving a series of complex mathematical problems using high-power computer systems. It follows the finite model, meaning that there is only a limited number in circulation, as far as Bitcoin is concerned.

Some of the main features of Cryptocurrencies are-

1. It uses a peer-to-peer network to process payments
2. The transactions done using Blockchain are safe
3. The network runs on a completely decentralized framework
4. Access is restricted to digital mediums and internet technologies
5. Encryption secures payments at either end of the transaction
6. All transactions have a permanent record on the Blockchain
7. The identity of the parties is private and anonymous
8. Transactions can only happen when funds are available with the other party
9. There are no chargebacks and funds transferred cannot be returned
10. No third party is a witness or can control crypto transactions

It was as though Satoshi Nakamoto was closely looking at and scrutinizing the drawbacks of traditional banks and financial systems and then coming up with an answer.

Cryptocurrencies are designed to help enable financial inclusion in developing and underdeveloped economies. Accessing traditional banks and doing a ton of paperwork is not possible for people in the low-income bracket.

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Problems of Banks and Traditional Financial Institutions

What happens to someone that is in a monopolistic position of power? The answer is simple- they don’t care what is happening around them. Or, they are never looking to improve where they are at. Since there is no alternative, why bother?

In this section, we are going to list down the five major problems of banks and other traditional financial institutions-

1. Access– Banks are not available to us on a 24×7 basis. While you have online banking and apps, a lot of the work, the more important ones require you to step inside a physical bank, process a ton of paperwork, and get done what you are looking for after a week!
2. Fees- Being a monopoly means that banks feel that they can charge whatever they want to and the consumer will be forced to pay the same. This has resulted in them charging exorbitant levels of transaction fees every time you look to process a payment.
3. Security– Banks are not the securest of places. In fact, there are so many scams that have come to light where banking officials have worked with cybercriminals and siphoned off unsuspecting individuals for millions of dollars.
4. Biased– Banks are run by human beings that carry their own set of biases. They might not be fair when it comes to dealing with people from different races, backgrounds, sexuality, gender, and other social differences. This can prevent access to banking.
5. Slow– Banking systems are notorious for being slow in processing payments. They are so many clearances that need to be taken to process an international payment that the delay can lead to a cash flow problem for your business.

The Bottom Line

Cryptocurrencies and the Blockchain network are better than traditional financial institutions in every respect. They are decentralized, do not allow for snooping, and are fast. This is why they are perceived as a threat by banks who stand to lose everything that they have built over centuries in a matter of a few decades. Do you think crypto jobs and blockchain will be able to replace banks in the future? Let us know your answers in the comments section below.