There are quite a number of websites and sources that are providing useful information for a cryptocurrency traders. All of this sources will provide you the most comprehensive cryptocurrency’s statistics on its real-time prices, percentage changes, volume and other important data. The sources can present the data in different ways and gather the most reliable data is very crucial. I would always recommend to not depend on a single source. On those sites, you can find information for traders, investors, blockchain explorers, developers, cryptocurrency portfolio trackers. You can discuss cryptocurrencies and the underlying technologies with others in these communities. You can learn about investing in & the mechanics of ICOs and find out what ICOs are coming up soon. While tax regulations around cryptocurrencies vary from country to country, on places like this you can find all relevant information. You can find the best exchanges or brokers where you can buy BTC, ETH or other various altcoins. The best sources for a cryptocurrency traders include:
Crypto Compare – according to the internet reviews, this site represents one of the best sources for a cryptocurrency traders. This site is covering almost all the cryptocurrency exchanges available in the market and offers you an interactive platform where you can discuss the latest Crypto trends and monitor all markets streaming in real time. This is a very good place to learn about cryptocurrencies and start to understand some of the fundamental concepts behind the blockchain. CryptoCompare has over 5000 trading pairs and over 1000 cryptocurrencies or crypto assets in an easy to understand and intuitive format.
Blockchain Charts – one of the largest production blockchain platform in the world that also offers tools for developers and real-time transaction data for users.
Coin Marketcap – represents a very good resource to update yourself on prices and data of most of the coins in real-time. Coin Marketcap also provides 24-hour volume rankings, global charts, historical snapshots, currency converter calculator and market cap.
The Bitcoin Volatility Index – these data are useful for the trader as part of the fundamental analysis of Bitcoin because this site tracks the volatility of Bitcoin prices. The more volatile an asset, the more people will want to limit their exposure to it, either by simply not holding it or by hedging. Volatility is a measure of how much the price of a financial asset varies over time.
Bitcointalk – is a forum where traders and everybody with interest for cryptocurrencies can find lots of useful information. Bitcointalk offers general discussion about the Bitcoin ecosystem with news, general environment, innovations and other useful data. Discussion of specific Bitcoin-related services usually belongs in other sections:
- Development & Technical Discussion
- Mining
- Technical Support – questions regarding issues with Bitcoin Core, nodes, the Bitcoin network, transactions, and addresses
Bitcointalk also offers general discussion about economics, trading discussion and discussion of cryptocurrencies other than Bitcoin.
Reddit – posts about cryptocurrency have exploded on Reddit and at one point users were joining one of the main bitcoin forums at the rate of 1,300 a day. Some groups have seen a 3,017% jump in interactions, Ethereum forum has a 405% growth in subscribers this year. Reddit for years has been a popular online destination for investors and traders looking to pick up tips, tout gains and trash-talk. Reddit offers general discussion about all coins with news, general environment, innovations and other useful data. Reddit’s registered community members can submit content and vote submissions. The site’s content is divided into numerous categories, registering an account with Reddit is free and this site is known for its open nature and diverse user community that generate its content. Reddit has more than 550 million monthly visitors.
Cointelegraph.com – represents a very good source of information for the crypto-world. This site offers news, guides and analytics, major events and ICO calendar
Coindesk – Bitcoin news, blockchain news, charts & analysis. This site represents the authoritative source of information on this domain. CoinDesk is optimized for all devices and all screen sizes.
Twitter and Facebook – are also an excellent source of cryptocurrency news. Popular Bitcoin-related hashtags on Twitter include #bitcoin, #cryptocurrency, and, for example, #BTC. On Facebook, you can discuss cryptocurrencies and the underlying technologies with others in these communities.
Reputable brokers and cryptocurrency exchanges – also provide lots of useful information for a cryptocurrency traders. Brokers and cryptocurrency exchanges will provide you the most comprehensive cryptocurrency’s statistics on its real-time prices, percentage changes, volume and other important data. When choosing a broker or exchange, always check history and reviews to make sure their performance is consistent. Traders can find lots of useful information and reviews on the internet. The Internet also makes it very easy for people to post their experiences and useful information.
Other resources – The Merkle, Coin Trading for all, Cryptocoinsnews, Steemit, Bitcoin.com, Bitcoin Magazine, CoinCenter.
How does Bitcoin work?
The underlying system of Bitcoins is made up of units called satoshis. Each satoshi is worth 1/100th of a bitcoin, which is equal to 1,000 satoshis. Although one bitcoin is approximately 2.4 million satoshis, you can also divide 2.4 million by 100, or 2.4 million, to get your start.
Every 10,000 satoshis, miners begin to add transactions to the blockchain. Once enough of them do, the next block is added to the chain and is signed with a unique string of characters.
At that point, the blockchain is considered ‘verified’ (analogous to the death of a cryptographer in a fire, or the announcement of the famous discovery of the Higgs boson) and is a fully valid, publicly-accessible ledger of all of the transactions happening on the network.
How do Bitcoin transactions happen?
Every 10 minutes, someone broadcasts a ‘block’. In this block, miners add a set of transactions to the blockchain. After the first miner finds a block, other miners jump in to join the work. Once a set of transactions is in place, a ‘block’ is considered to be complete. The time taken for miners to find, verify, and include this block is called the block interval.
At this point, the digital ledger changes from one where every block is pushed out to the end of the blockchain to one where miners make decisions about which transactions will be added to the blockchain first, after which they push out those blocks in order.
Is Bitcoin secure?
Unlike many other currencies, which have been hacked multiple times, or are owned by criminal gangs, Bitcoin remains secure. This is largely due to its cryptography, or a blockchain without a central, centralized authority. No single entity owns Bitcoin or determines its value.
Every transaction and block is recorded with a public key and public address. Anyone can learn these by looking at the blockchain, which is regularly updated with the latest transactions. You can also view these addresses by right-clicking on a wallet.
Although it may seem out of the ordinary to receive an address that you don’t know, it’s a great way to keep a close eye on your bitcoins. Since your addresses include the letters ‘ BTC ‘, this is safe to remember as a protected reference, rather than trusting that the owner is someone you know.
What exactly is Bitcoin?
Bitcoin is a cryptocurrency which is widely used in the general public, and used as a medium of exchange. At its core, Bitcoin is a distributed and cryptographically secure digital currency that has been adopted by hundreds of online and real-world financial institutions around the world.
Does Bitcoin require a central authority? How is Bitcoin different from other digital currencies?
Bitcoin is unique because it uses blockchain technology, which means it is immune from centralized control. This means that if the government blocks it, it won’t cease to function. The founders and its technology are completely anonymous and will not be held responsible for any mistakes made by the network.
As a result, Bitcoin provides the highest level of transparency and anonymity possible. Its other innovations include reduced transaction costs and transaction speeds, which significantly reduces fees. Most importantly, most of the mining energy used to generate the currency is currently being made available to small farmers in India and other developing nations.
