30 Mar

Bitcoin, Ethereum and The Ripple; Which is Best for You?

Today’s world is all about cryptocurrency. Cryptocurrencies have become a global asset known to most people. While still somehow the currency is not understood by most people, banks, governments. So in this article, you will get all the essential information about cryptocurrency.

Starting from the first, “WHAT IS CRYPTOCURRENCY?

If you take all the noises of cryptocurrencies and deduce it to a simple definition, then it turns out to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem very easy at first, but believe it or not: this is precisely the best way to define a currency.

Now let me tell about the specific and by far the best cryptocurrency in time.

Bitcoin

The one and only, from which the era of cryptocurrency started bitcoin. BITCOIN provides you with a digital gold standard in the whole cryptocurrency industry and is used as a universal means of payment and is the de-facto currency of cyber crime like the darknet markets or any other ransomware.

After it crossed the period of seven years, Bitcoin’s global price has increased from zero to 850 Dollars, and its transaction volume reached more than 210,000 daily transactions.

There is not much more to say as the analyzed price say it all: Bitcoin is here to stay. If you want to know more about bitcoin future, do read this guide: Bitcoin Futures on Delta Exchange

Ethereum

The mindchild of young crypto-genius Vitalik Buterin has achieved second place in the hierarchy of cryptocurrencies. Other than the previous its blockchain does not only validate a set of accounts and balances but of so-called states. This explains that there can not only process transactions but complex contracts and programs.

This accessibility makes Ethereum the most magnificent instrument for blockchain applications. But you have to pay for it. After the hack of the DAO- an Ethereum based intelligent contract- the developers decided to do a hard fork without consensus, which resulted in the emerge of Ethereum classics.

Moreover, there are several clones of Ethereum, and Ethereum itself is the host of DigixDAO and Augur. This makes the second cryptocurrency more a family of cryptocurrencies than a single currency.

Ripple

Not the most liked – or most hated – project in the cryptocurrency community is Ripple. While Ripple has a neighboring cryptocurrency -XRP-  it is more about forming a network to process IOUs than the cryptocurrency itself.

This currency does not serve as a medium to store and exchange values, but more as a community to protect the network against spam. Banks are more likely to have a medium like Ripple. At least they accepted the system with some increasing pace.

Comparison – Bitcoin, Ethereum and The Ripple

There are a few distinct differences between the top three cryptocurrencies. The critical issue for the markets and the competitiveness of a cryptocurrency is its blockchain transaction speed and associated price.

Bitcoin’s heavy price and slow transactions velocity have certainly limited its use in the actual world as an alternative to fiat money.

In stark contrast, Ripple’s transactions speed had resulted in the Ripple’s team success in the actual world, with both the financial and non-financial organization adopting Ripples platform for purposes of cross border transactions.

Now, when it comes to Ethereum, some will look to classify Ether as another alternative to fiat money and in straight competition with Bitcoin. Ethereum was not started to compete with bitcoin but is known for its smart contract offerings. Transaction speeds and price is more favorable than Bitcoin, and another feature is provided in which you can transact with Ether coins.

While these currencies sit well below the record highs seen on through December and early February, all the interests remain high with traders switching from more mature asset classes to the cryptocurrency industry. Many other industries are asking for it as these are becoming a field with big and vast future.

One of the biggest markets is Admiral market and is a reputable broker that supports the trading of cryptocurrencies through CFDs, with continued volatility within the cryptocurrency market creating a platform in bringing traders that are looking to trade in a more regulated environment.

The Final Verdict

The community of cryptocurrency is brilliant as well as broad. Nearly every day a new cryptocurrency is born, and every day a dies. Early investors make money, and new investors lose.

Every cryptocurrency comes up with a promise, a promise a changing the world. Few survive a few months and are pumped and dumped by speculators. These currencies live on as zombie coins until the last bagholder loses hope ever to see a come back of his investment.

Cryptocurrency will be gaining legitimacy as a protocol for business transactions and overtaking western union as preferred remittance tool. This has already begun. The people all over the world buy bitcoins to protect themselves against devaluation as these currencies are the first real-world application of blockchain technologies.…

13 Mar

To Succeed in Business: Sell Lemons

Heard about Michael Gotmurk? He is the CEO of payfirma, a company that is a multichannel payment processing and cloud-based platform for people.

The company has been one of the biggest ventures. But more than that, Michael has an interesting story that will give you some insight as to how you can make your company the biggest success.

Michael is from Turkey and he attributes his business lessons to his grandfather who was a reputed entrepreneur himself. Every kid loves the summer holidays.

Take a break and chill, that is what it is meant for, right? But that was not the thing for Michael. His family was well off, but Michael’s grandfather wanted him to sell lemons. Yes, selling lemons and that too from door to door.

Why did his grandfather want him to do so? Read on to find out.

Michael went to the markets with his grandfather on Sundays to buy lemons.

All this in the gruelling heat. They would negotiate and get a good rate for the bulk of lemons they would buy. When Michael returned home, he would package them in tissue paper that was reusable. After this, he would go on to distribute them in his neighbourhood on a cart.

What was the trick? Turkey’s staple food ingredients included lemon, so people used them in every meal of theirs. Of course, they could get the lemons themselves, but who would want to take that much pain when there was someone who was delivering it to them to their door and that too with a good packaging.

Michael not only learnt a great lesson regarding entrepreneurship, but he even got a loyal client following.

The valuable lessons that his grandfather taught him through this lemon selling crash course have helped him become the successful entrepreneur he is now.

Look at those lessons

The first lesson that he learnt was that investing in your reputation matters a lot. That is the first investment of a person.

One should build a reputation first, the rest follows.

The reputation he builds among his neighbours was the first thing that he needed. When people rely on you and you deliver them on time and the best service, the feeling of joy is mutual.

You will certainly feel more responsible, and this made Michael work even more diligently.

Keep your words and your reputation as they matter a lot in building a long time bond with your customer.

This is the first commitment that you need to make, and it will help you in building a great business as people will trust you when they look back at your record of always being punctual and on time.

The second lesson that Michael learnt was to say ‘no’.

This one matters in every domain of life but in business it becomes tough to say no, especially at a point when you are just growing, and you are young in the market.

But this lesson also was learnt by Michael when he was selling lemons. He learnt all about people and their choices, values that would later help him build his venture.

He learnt how to negotiate and decline the offers that would neither help him nor the customer. Instead of doing bad business, he just said no (it is tough).

The third and the most valuable lesson was the work ethics.

Yes, it may sound old fashioned but it is the one that will finally differentiate you from the other 100 people who are trying to make it and fail.

It is true that every company today is coming up with a startup. People are giving in everything they can. But the problem with the unsuccessful ventures lies in the fact that every idea of theirs just fizzles out, and they give up.

Never give up!! We have heard of this term million times but the more we hear it, the less effective it gets. So, what will get you going in the world where people give up early, and your dreams will be hindered by the many voices that say “you can’t do it”. Well, the one thing that will get you going is the indomitable spirit and the willpower. Once your plan and ideas fail, instead of relenting, start over and with double the zeal!!

This is what will get you going.

The successful CEOs of companies that started as oblivious organizations and ideas of college dropouts are the ones who had shed a lot of tears and sweat out in the sun like Michael before they made it big. This is what matters. In the end, your spirit and the never say die attitude along with the work ethics of the cavemen will help you become the most successful venture that is out there.…