Do Systems For Automated Forex Trading Really Work?

With the increasing popularity of Forex trading, more and more traders are starting to show interest in this field. Currency trading has reached a high level with the advent of automated Forex trading systems.

Do these automated robots live up to their expectations? Do Forex Automated Trading Systems Really Work? The answer to all these questions is yes, as long as you have a basic understanding of the Forex trading system.

Here's a brief reference to how automated systems help people make real money from their commerce.

Not surprisingly, Forex trading has been a lucrative territory for many traders. But the shocking news is that only 5% of traders make significant profits from their trade. Incorrect analysis of market trends and poor strategies are the main reasons why people are losing money in this area.

To help people in this regard, automated Forex trading systems are available in the market. Also known as a Forex robot, these systems use the power of the Internet and expert knowledge to help you with currency trading.

These systems have enough intelligence to guide you on the right path. These systems operate 24 * 7 and are also able to analyze the currencies of different countries in different time zones.

These robots are designed in such a way that they require no special effort on your part to handle them. So we buy you a Forex robot soon and you start filling your pocket with the profit from your trading.

Listen to Financial Networking Networks While You're in Marketing? It should not

I have an open microphone policy in my trading room, which allows members of the trading room to interact with me during the stock market meeting. It is not uncommon to talk to a member of the room and hear a financial network crumble in the background. It is my belief that trading while listening to financial news can be very detrimental to your commercial success. These networks usually leave individuals to assess current market conditions and make predictions about various aspects of trading and investing.

But there is a separate problem with acquiring commercial information from a network. They all have an agenda that may or may not complement your deal. Apart from the agenda usually based on the political affiliation that the network cultivates, many of these types are merely speculating about the potential effects of day-to-day market activity. What good is that?

In order to be a profitable trader, it is important to do your own chart analysis and start trading on the basis of this analysis. In the short term, only map analysis is an acceptable method of trading along with a dash of real-time indicators. There is no doubt that a television "talk" can predict short-term price movements.

Today was a great example of why your analysis is so much more valuable than the speculation of the trading network. I often hear about one or more financial networks before trading starts because I'm interested in stock issues that affect NASDAQ. There was a general consensus among the speakers this morning that NQ was going to make a new high in the morning session.

Guess what? The energy of the NQ breakfast was down, not up. The market made no attempt to rally, but remained on a damaged continuation channel and spent a lot of time controlling the new low levels. Both for television forecasting. It's usually just the general speculation that often coincides with the issues of stocks in the speaker portfolio. Worse still, there's a good chance it's just a matter of what could happen.

Another great example of misinformation about these "speeches" is the promotion of markets based on futures contracts. From my experience, because futures prices are down at night shows only a small correlation with what cash traders have planned for the day. So listen next year, "the one-day contract price indicates that the market is going to move down," you can generally dismiss the information as untrue. Day traders and cash traders are two separate groups and often have different goals and motives.

In short, listening to music or just enjoying the silence while trading and trading the tips the "experts" can give you (or me) a directional bias. One day where you have a bias of dubious distinction is the recipe for disaster trading. Do yourself a favor and give up on the "experts" and make your own business decisions based on what you see growing on the chart.

Thinking of investing? Think of the Bitcoin road

What is Bitcoin?

If you're here, you've heard of Bitcoin. It was one of the biggest news headlines in the last year or so – as a rich fast-paced project, the end of finance, the birth of a truly international currency, the end of the world, or a technology that has improved the world. But what is Bitcoin?

In a nutshell, you could say that Bitcoin is the first decentralized money system used for e-commerce, but it might be useful to dig a little deeper.

We all know, in general, what 'money' is and what it is used for. The most important issue observed in the use of money before Bitcoin is its concentration and control by a single entity – the central banking system. Bitcoin was invented in 2008/2009 by an unknown creator of the nickname "Satoshi Nakamoto" to bring decentralization to the global scale. The idea is that the currency can be traded internationally without difficulties or fees, checks and balances will be distributed across the globe (and not just in the books of private corporations or governments) and money will become more democratic equally accessible to all. .

How did Bitcoin get started?

The concept of Bitcoin and cryptocurrency was generally started in 2009 by Satoshi, an unknown researcher. The reason for his invention was to solve the issue of concentrating on the use of money based on banks and computers, an issue that many computer scientists were unhappy with. The acquisition of decentralization has been unsuccessful since the late 1990s, so when Satoshi published a paper in 2008 providing a solution, he was greeted with an overwhelming majority. Today, Bitcoin has become a popular currency for internet users and has created thousands of "altcoins" (non-Bitcoin cryptos).

How is Bitcoin made?

Bitcoin is made through a process called mining. Just as paper money is made through printing, and gold is mined from the ground, Bitcoin is created by mining. Extraction involves solving complex mathematical problems about blocks using computers and adding them to a public book. When it started, a simple CPU (like the one on your home computer) was all I needed, however the level of difficulty has increased significantly and you will now need specialized hardware, including Bitcoin extract graphics processor (GPUs).

How do I invest?

First, you need to open an account with a trading platform and create a wallet. you can find some examples by searching Google for the "Bitcoin Trading Platform" – they generally have names that include "coin" or "purchase". After logging in to one of these platforms, click Assets, then click Encryption to select your desired currencies. There are many indicators on each platform that are important enough and you should be sure to notice them before investing.

Just buy and hold

While mining is the safest and, in a way, the simplest way to win Bitcoin, there is a huge blow and the cost of electricity and specialized computer hardware makes it unavailable to most of us. To avoid all this, make it easy for yourself, enter the amount you want from your bank directly and click on "buy" then sit down and watch as your investment increases as prices change. (USD, AUD, GBP, etc.) and different cryptographic coins (Bitcoin, Ethereum, Litecoin, etc.).

Trading Bitcoin

If you are familiar with Forex stocks, bonds or exchanges then you will easily understand encryption. There are Bitcoin intermediaries such as e-social trading, FXTM markets.com and many more to choose from. The platforms provide you with Bitcoin-fiat or fiat-Bitcoin currency pairs, for example BTC-USD means a US dollar Bitcoins transaction. Keep your eyes on the price changes to find the perfect pair according to the price changes. platforms provide quotes among other indicators to give you the right advice on your transactions.

Bitcoin as Shares

There are also organizations set up to allow you to buy shares in companies that invest in Bitcoin – these companies trade back and forth and you just invest in them and expect your monthly benefits. These companies simply collect digital money from various investors and invest on their behalf.

Why Invest in Bitcoin?

As you can see, investing in Bitcoin requires that you have some basic knowledge of the currency as explained above. As with all investments, it involves risk! The question of whether or not to invest will depend solely on the individual. However, if I were to give advice, I would like to advise on investing in Bitcoin for the reason that Bitcoin continues to grow – although there has been a significant period of explosion and decline, it is very likely that Cryptocurrencies as a whole will continue to increase in value by the time next 10 years. Bitcoin is the biggest and best known of all the current cryptocurrencies, so it's a good place to start and the safest bet, right now. Although it is volatile in the short run, I suspect you will find that Bitcoin trading is more profitable than most other businesses.

Preparing for a Cryptic World: China Version

Over the past year, the crypto market has received a number of heavy punches from the Chinese government. The market has been as successful as a warrior, but the combinations have taken the toll on many crypto investors. Inadequate market performance in 2018 is held against star profits in 2017 per capita in 2017.

What has happened?

Since 2013, the Chinese government has taken steps to regulate cryptocurrency, but nothing compared to the one implemented in 2017. (See this article for a detailed analysis of the official notification issued by the Chinese government)

2017 was a banner year for the encryption market with all the attention and development it has achieved. Extreme price volatility has forced the Central Bank to adopt more extreme measures, including banning initial currency bids (ICOs) and disasters in domestic cryptocurrency exchanges. Shortly thereafter, mining plants in China were forced to close, citing excessive electricity consumption. Many stock exchanges and factories have been relocated abroad to avoid regulations, but remain accessible to Chinese investors. Despite that, they still fail to escape the nails of the Chinese dragon.

In the latest series of government efforts to monitor and ban cryptocurrency transactions between Chinese investors, China has expanded its "Eagle Eye" to monitor cryptocurrency exchanges abroad. Companies and bank accounts suspected of conducting transactions with foreign cryptographic exchanges and related activities are subject to measures restricting withdrawal limits from the freezing of accounts. There are even rumors among the Chinese community of more extreme measures to be implemented on foreign platforms that allow for trade between Chinese investors.

"As to whether further regulatory action will be taken, we should expect orders from senior authorities." Excerpts from an interview with the head of the China Public Information Network Security Supervision Agency team at the Ministry of Public Security, February 28

WHY WHY WHY WHY!

Imagine your child invests his or her savings to invest in a digital product (in this case, cryptocurrency) that he or she has no way of verifying its authenticity and value. He or she could get lucky and hit rich, or lose everything when the crypto bubble bursts. Now this climate in millions of Chinese citizens and we are talking about billions of Chinese Yuan.

The market is full of scams and useless ICOs. (I'm sure you've heard the news about people sending coins to random addresses with the promise to double their investments and ICOs that just don't make sense). Many investors who do not arrive are in it for the money and will care less about the technology and innovation behind it. The value of many cryptocurrencies comes from market speculation. During crypto-boom in 2017, join any ICO with a famous on-board consultant, a promising team or a decent advertising campaign and guarantee at least 3x your investment.

The lack of understanding of the business and the technology behind it, coupled with the proliferation of ICOs, is a recipe for disaster. Members of the central bank report that nearly 90% of ICOs are fraudulent or involve money laundering. In my view, the Chinese government wants to ensure that the cryptocurrency remains "controlled" and not too large to fail within the Chinese community. China is taking the right steps towards a safer, more regulated encryption world, albeit aggressive and controversial. In fact, it's probably the best move the country has made in decades.

Will China issue an ultimatum and make encryption illegal? I doubt very much because it's so useless to do so. Currently, financial institutions are prohibited from owning encryption assets, and individuals may be banned from any form of trading.

A state-of-the-art encryption exchange?

At the annual "Two Sessions" (named after two major parties – the National People's Congress (NPC) and the National Committee of the Chinese Political Advisory Conference (CPCC) in the first week of March, leaders gather to discuss the latest issues) and make the necessary amendments to the law.

NPCC member Wang Pengjie talked about the prospects of a state-owned digital trading platform as well as launching blockchain and cryptocurrency training programs in China. However, the proposed platform would require a certified account to allow trading.

"By enacting relevant regulations and co-operating with the Bank of China (PBoC) and the China Securities Regulatory Commission (CSRC), an encryption platform could act as a formal way for companies to (through ICOs) and investors to retain their digital assets and obtain capital appreciation "excerpts of Wang Pengjie's presentation at the two sessions.

March to a bar nation

Governments and central banks worldwide have struggled to cope with the growing popularity of cryptocurrencies. but one thing is for sure, everyone has embraced blockchain.

Despite the suppression of encryption, blockchain is gaining popularity and adoption at various levels. The Chinese government supports blockchain initiatives and embraces technology. In fact, People's Bank of China (PBoC) is working in digital currency and has made fake transactions with some of the country's commercial banks. It is not yet confirmed whether the digital currency will be decentralized and offer cryptographic features such as anonymity and unchanged. One would not expect it to turn out to be just a digital Chinese yuan as anonymity is the last thing China wants in their country. However, created as a proximate substitute for the Chinese Yuan, the digital currency will be subject to existing monetary policies and laws.

Bank of China Governor Zhou Xiaochuan. Source: CNBC

"Many cryptocurrencies have seen explosive growth, which can have a significant negative impact on consumers and small investors. "Excerpts from Zhou Xiaochuan 's interview on Friday, March 9.

In a media appearance on Friday, March 9th, the People's Bank of China Zhou Xiaochuan criticized the cryptocurrency programs that leveraged encryption to gain cash and fuel speculation. He also noted that the development of digital currency is "technologically unavoidable"

At regional level, many Chinese cities are promoting initiatives to promote growth in their area. Hangzhou, known as Alibaba headquarters, said blockchain technology is one of the city's top priorities in 2018. The local government in Chengdu has also proposed setting up an incubation center to promote the adoption of blockchain technology in the city's financial services. .

Local groups like Tencent and Alibaba have also entered into partnerships with blockchain companies or started projects on their own. Blockchain companies, such as VeChain, have also secured multiple partnerships with Chinese companies to improve supply chain transparency in China.

All the evidence points to the fact that China is working towards a nation of exclusion. China has always had an open mind on emerging technologies, such as mobile payment and artificial intelligence. From now on, it is undeniable that China will be the first blockchain-enabled country. Will we see the Chinese government retreat and leave its citizens to trade again? Probably when the market has matured and is less volatile, but certainly not in 2018.

Should Real Estate Wholesalers Accept Bitcoin?

Bitcoin is hot. So should wholesalers shuffle around to accept bitcoins or is it another big trap we should avoid?

The bitcoin buzz only seems to grow, just as virtual currency is rising in value. So what are the real advantages and disadvantages of trading in this digital currency for wholesalers? Is It Necessary To Avoid Or Avoid?

There are really many benefits to incorporating bitcoins into businesses for those wholesale.

This includes:

· Make it easier for more people to buy from and invest with you

· Acquisition of the dramatic rise in the price of bitcoin

· Increase in pressure, signal visibility and viral spread

· Beware of technologically acclaimed investors and buyers

Of course many wholesale executives have just discovered what bitcoin is. Unfortunately, many of these are in the form of negative media surrounding the recent silk road closure, the arrest of Charlie Shrem and the capture of bitcoin for millions of dollars.

On the bright side, those who have followed this news will know that this is not all about using bitcoins and that it is about illegal activities being bought and sold. In fact, the fact that the government is reportedly selling the leaked digital currencies makes bitcoin legal.

It is very easy to accept bitcoin, and more and more businesses in various industries are adopting it. At the moment there is an amazing window of opportunity for riding the coattails of the coin and pressing on getting it. For many, it could be the best marketing drive of the year, and really help launch their business to the next level. Of course this will not be a door or an opportunity open for long. We are talking weeks and months before innovation is worn out and everyone is doing it.

There are some critical considerations to consider. Many may prefer to spend and accept bitcoins for privacy. However, while Bitcoin Magazine reports that 90% of existing ones are congested, there may be large fluctuations.

Over the last year, this has worked in favor of bitcoin owners and miners. Coins that were worth a few, or a few hundred dollars a year ago, are currently trading for hundreds and tens of thousands of dollars. Due to the limited number of people holding them, there is a lot of control in a few hands.

So recognize the value of using them in wholesale, but consider the consequences of owning too much on virtual money.

What makes Bitcoin so volatile?

Traders are always concerned about the volatility of Bitcoin. It is important to know what makes the value of this particular digital currency extremely volatile. Like many other things, the value of Bitcoin & # 39; it also depends on the rules of supply and demand. If the demand for Bitcoin & # 39; increase, then the price will also increase. On the other hand, reducing demand for "Bitcoin" will lead to reduced demand. In simple terms, we can say that the price is determined by the amount agreed to be paid by the trading market. If a large number of people want to buy Bitcoin, then the price will rise. If more people want to sell "Bitcoin" then the price will drop.

It is worth knowing that the value of Bitcoin & # 39; can be unstable compared to more established products and currencies. This fact can be attributed to the comparatively small size of the market, which means that a smaller amount of money can shift the price of "Bitcoin" more prominently. This inconsistency will naturally decrease over time as the currency evolves and market size grows.

After teasing in late 2016, Bitcoin & reached a new record high in the first week of this year. There may be many factors that cause Bitcoin & # 39; be unstable. Some of these are discussed here.

The bad type factor

Bitcoin & # 39; users are more afraid of different news events, including statements by government officials and geopolitical events that "Bitcoin" can be regulated. This means that the rate of "Bitcoin" adoption is problematic by negative or bad press reports. Various bad news scared investors and banned them from investing in this digital currency. An example of bad news is the remarkable exploitation of "Bitcoin" in drug trading through Silk Road, which ended with the FBI's shutdown in October 2013. This kind of stories caused panic in people and caused a significant decrease in it. value of Bitcoin. On the other hand, veterans in the trading industry saw such negative events as proof that the "Bitcoin" industry is maturing. So Bitcoin & # 39; began to gain its increased value immediately after the effect of the bad press disappeared.

Fluctuations in perceived value

Another good reason for "Bitcoin" value to become volatile is to fluctuate the perceived value of Bitcoin. You may know that this digital currency has properties similar to gold. This is determined by a design decision by key technology makers to limit its production to a static amount, BTC 21 million. Because of this factor, investors can invest more or less assets in Bitcoin.

News about security breaches

Various news agencies and digital media play an important role in building a negative or positive public perception. If you see something advertised Advantageously, you are likely to go for it without paying much attention to the downsides. There has been news about Bitcoin & # 39; it breaches security and really made investors think twice before investing their hard earned money into "Bitcoin" trading. They become very prone to choosing any particular Bitcoin & # 39; investment platform. Bitcoin & # 39; can change when "Bitcoin" community discloses security vulnerabilities in an attempt to create a large open source response in the form of security fixes. Such security concerns give rise to many open source software such as Linux. It is therefore recommended that the "Bitcoin" function be developed by developers to expose security vulnerabilities to the general public in order to make robust solutions.

The latest "OpenSSL" vulnerabilities attacked by & # 39; Heartbleed & # 39; bug and reported by Neel Mehta (Google security team member) on April 1, 2014, seems to have some detrimental effect on Bitcoin value. According to some reports, Bitcoin & # 39; the value dropped by 10% the following month compared to the US dollar.

Low selection price for large Bitcoin owners & # 39; Proportions

The volatility of "Bitcoin" also depends on the choice of "Bitcoin" holders have large percentages of this digital currency. Not clear about Bitcoin & # 39; investors (with current holdings of more than $ 10 million) to settle for a position that would expand to a fiat position without seriously shifting the market. Therefore, Bitcoin & # 39; has not touched bulk acquisition rates that would be significant to leverage large Bitcoin & holders of choice.

Effects of Mt Gox

The recent high profile losses in "Mt Gox" are another good reason for "Bitcoin" volatility. All of these losses and subsequent news about heavy losses had a double effect on volatility. You may not know that this has lowered the overall limit of Bitcoin & # 39; by almost 5%. This also created a possible lift in the remaining Bitcoin & # 39; due to increased water scarcity. However, replacing this elevator was the negative result of the news series that followed. Specifically, many other Bitcoin portals saw the failure of Mt Gox as a hopeful thing for the long term prospects of Bitcoin.

Can you create a fortune through Bitcoin mining?

Consumers, investors, enthusiasts or even tech savvy are probably Bitcoin's top friends. They can still follow every bit of Bitcoin news and have a single question in mind. People may just want to know if an optimistic future can be traced to mining different cryptocurrencies. Well, not a trick or amazing infomercial. Crypto mining can be a smart move, in addition to being profitable. And the popularity of the Bitcoin market cannot be denied as well. The explosion of Bitcoin in 2013 and its huge rise in value have led to its reputation. The cycling of Bitcoin and other cryptocurrencies, called Altcoins, have found a prominent place in every dictionary on the planet. Digital currencies have gained plenty of exposure and a mining career involving them can in fact provide income. However, miners need to have three things – plenty of time, enough money and stubborn persistence.

The first obstacle involves the choice of encryption. An enthusiast can go to my Bitcoin. Or rather settle in a mine of other available cryptocurrencies, Dogecoin, Litecoin or Peercoin. In other words, miners have many choices. Similar to stock, even cryptos have classes, blue chips or dime. Mining the blue chip class is often associated with safety, reliability and higher profit. On the basis of these features, people are more prone to mining Bitcoin, even if it involves the use of enormous computing power. Altcoins, on the other hand, can also offer a fair profit as the algorithms are simpler. But with the Altcoins, the simplicity of mining and the potential profits are not necessarily proportionate.

The material is an aspect that begins to reveal the real test. Even a techno-savvy miner cannot deny the Bitcoin difficulty associated with creating new blocks. The point is to decide the computational power to be used. For Bitcoins, algorithms have become difficult to fragment. So colossal power GPUs combined with high-end RAM and reliable hard drives have to do the job. The point is to fragment rapidly. Many high-end GPUs that work together can accelerate block generation and therefore payments. On the other hand, choosing a software may not be so difficult. Windows can be selected as the necessary operating system, but open-source Linux does a better job. Another requirement is a digital wallet. Coin minutes must be saved. One can store it locally on a hard disk or remotely online. A miner has to make smart choices.

With hardware and software in place, the work of mining begins. A miner can do it alone and reap all the benefits. But the platform must be extremely strong. Therefore, it is quite unlikely. Mining tanks seems to be a viable solution as people work together to help neutralize the engines. Thus, coins are mined at high speed. Cooperation has its benefits. the miners receive their fair share. Multipool is a cheap choice. If Altcoin is to be mined, Middlecoin should be the miner's choice. So with all the ingredients available, a profitable mining can begin. The initial investment may seem overwhelming, but the profits are worth it!

A Forex trading system that really works

Over the years Forex trading robots have flooded the market with mixed results. Of course there are always the few who work, but unfortunately the majority will eventually fail. In this article we will look at the possibilities with Trading Robots, also known as expert advisors, and find out if it is possible to have a Forex trading system that really works.

The possibilities of trading systems Their limitations

Coding of expert advisors is always going on and now there is even software that can read the news alerts and tailor this information to a trade. This new wave of programming is at the forefront of the use of fundamental analysis in trading algorithms. there are issues with what a fundamental trader might point out but this is a discussion for another article. The limitations of a trading system end up with the developer. There are hundreds of market leads pointing to the markets and a percentage of the time will be right. The problem is making sure they are timed enough to make a profit at the end of the week, month, or year.

It's a common place for a Forex robot to work for a period of time and then go through bad patches that can consume all of your profits and even blow up your account. Although these experts are well-intentioned sellers, there is no way to know how to accurately predict the market and a rules-based trading system may not fit the market the following year as it did last year.

A trading system that can be customized

In conclusion, a truly forex trading system will be a system that can be adapted to the trading environment at any time using more than one set of rules. Using a system that adapts to multiple rules can be adapted to many scenarios. For example, a Forex robot using a scalping system in a current market may lose steadily when the market is consolidated. Having a system that could detect change in the market and turn to a consolidation technique would work great.

There are hundreds of systems on the market and the best advice we can give to the market is to look at the results of the past and pay close attention to the amount of withdrawals. A Forex trading system that really works will have a withdrawal of less than 20% nothing more than that then there is a high risk that you will eventually blow up your account.

4 tips on how to be a great Forex trader

Do you want to be successful in the Forex market? Here are tips for success:

Be on the lookout for News Announcements

Economic news or world events have a major impact on currency pairs. For example, there are some news releases that have driven a currency up to 200 pips. This means that if the market goes against you, you will lose a lot of money depending on your leverage. To be on the safe side you have to be careful about the news and the events. The cool thing is that many Forex trading websites will give you alerts when there is important news and all you need to do is read the alerts.

Use a demo account

A demo account is an account that has all the features of a real account. Therefore, when you use it you will feel like a real account. Before you can start trading with your real money, you need to use the account and ensure that you have complete knowledge of the transaction. If you have a problem, please feel free to contact our customer service office.

Use auto trading

If you do not have enough time to spend on the market you should make use of Forex robots. These are machines that will analyze the market and trade for you. All you need to do is set them up and they will do everything for you. To avoid any losses, you need to make sure that you have set a stop-loss account.

It should be noted that not all trading companies allow trading with robots. Therefore, you need to do your research to find the right company for you.

Use Smaller Spreads

If you are a new trader, you should avoid big differences and instead go for smaller differences. For example, you have to go for four pips. The reason for this is because you are still new to the market and you have to make mistakes. When you have a smaller spread, you won't lose much money when the market goes against you.

conclusion

These are tips you need to follow to be a great Forex trader. To become a master you need to invest in the knowledge you need to read as much as you can about commerce. You also need to have the confidence and discipline to trade only when the time is right.

Here is why the cryptographic dash puts Bitcoin to shame

Cryptocurrencies are all the rage right now.

Everywhere, you see headlines with impressive thousands of percent gains on "currencies" like bitcoin. But what gives them value? When have you used bitcoin?

The truth is that it is not practical right now, mainly because of the time it takes to complete a transaction. But there are other currencies out there that emerge as viable candidates to achieve bitcoin as the No. 1 cryptocurrency.

There is a lot to understand about the complexities of cryptocurrencies, but this article is more about finding an investment opportunity than explaining the science behind them.

A bubble in Bitcoin?

One important thing to know is the concept of "mining". This is the very basis of cryptocurrencies. This is how the new bitcoins are made.

Simply put, the "miner" through specialized software solves a complex mathematical problem and is rewarded with new bitcoins as a result. The transaction is then stored on the blockchain, and these new bitcoins are officially released.

As most bitcoins are in circulation, mining them becomes more complicated and time consuming, and less profitable. Thus, although about 80% of potential bitcoins are currently in circulation, the latter will not be mined until 2140.

As most people now know, bitcoin has seen a giant rally this year. In fact, it has reached about 1,200% last year, causing many people to believe it is in a bubble.

The total value of bitcoins in circulation today exceeds $ 150 billion. If bitcoin were a company, it would be in the top 50 largest in the United States.

Personally I think the only reason bitcoin is so much more valuable than any other crypto is because it was the one that first broke in the mainstream. However, this is still important. This, at least, gives other coin developers something to improve on.

The good news is that even if you think you missed the boat with bitcoin, there are many other cryptocurrencies out there. Of course, some are scams, but others have real potential.

One of them that I think has real, practical use is called Dash.

Dash: digital cash

First, Dash is ahead of the game in terms of ease. At present, bitcoin trading takes about 10 minutes to an hour on average. Dash defines that it is the main encryption that can be transferred instantly (in less than a second) between the parties, making it the most practical when shopping online or in-store.

One of the most attractive features of Dash is that 10% of newly acquired coins are given to Dash DAO (decentralized autonomous organization). Simply put, DAO is Dash's treasure. At the current price of more than $ 600 per coin, that's $ 4 million a month it can use.

It is important to know that no other currency has this kind of continuous funding. With this money, Dash DAO can develop and trade the currency.

Also, anyone can submit an idea for a project to enhance Dash's value. Then the project is voted on by thousands of Dash developers. One example would be working with stores to make Dash a viable trading tool for their goods.

Of course, these developers make money from Dash, so anything that benefits and promotes the currency will be tempting.

This creates a cyclical effect, where the currency values ​​the price because it is better financed and marketed, then the DAO makes more money and is able to trade Dash even more.

A breakthrough for the hyphen

To date, Dash can be used in more than 300 physical stores and over 100 websites to purchase goods or services. But the breakthrough for this could come from the marijuana industry.

At the moment, banks are not allowed to have anything to do with marijuana trading. everything has to be done in cash. Sellers still can't put money from their sales into a bank.

Not only is this at risk of being robbed, but these companies have to pay for storage and cash transfers. This is growing rapidly.

Being able to use Dash would be huge for these sellers. It would also mean great things for Dash's honor.

The good news is that it is already beginning to make progress. In April, Dash partnered with a digital payment system called Alt Thirty Six, which has partnered with some of the top distribution software management companies in the country.

These software companies track transactions for hundreds of distributors and delivery services. This means that Dash users already have hundreds of ways to use the currency.

Since Dash became the official payment method at the Alt Thirty Six on October 11, its price has risen by 118%. That's only in a month and a half.

Only the beginning

With a market cap of just $ 4.8 billion compared to $ 156 billion, I think Dash still has enough room to move forward.

The marijuana industry is just the beginning for Dash, but it's great. In 2016, legal sales were about $ 7 billion. Another estimated $ 46 billion was sold on the black market.

And as more stores open and marijuana becomes legal in more states, the legal number is expected to be $ 23 billion by 2021 and $ 50 billion by 2026.

Again, this is just the beginning for Dash. The unique instant transaction feature makes it a viable cash alternative, giving it an advantage over other cryptocurrencies such as bitcoin.