Cash transactions were already on the decline in 2019 as consumers switched to electronic payments. The pandemic exacerbated this as retailers and consumers turned to online shopping or contact-free card and app transactions.When people did make the rare cash purchase, they were more likely to keep their change than use it in a subsequent transaction.The US Coin Task Force, formed specifically to address the issue, reported in May 2021 that much of the nation’s $48.5B in coins were sitting in America’s 128m households.

The MIssing Change

In 2021, the Mint produced 14.5B coins, and is on pace to produce another 13B this year, Todd Martin, deputy chief of corporate communications for the US Mint, told The Hustle.But new coins typically account for less than 20% of coins in circulation each year.And because the majority of coins still circulate through the economy via transactions and coin recycling, the Coin Task Force is urging consumers to do their part to “get coin moving.” The action plan is to:<ul><li>Using exact change when making a purchase.</li><li>Exchanging change at banks or kiosks.</li></ul>

Minting More Coins

Where are all the quarters for the laundry machines? Sitting in people’s houses, apparently.

moneyandinvestments

Money & Investments

Where the heck is all our change? - The Hustle

78% of journalists say they prefer press releases and news announcements to other content types. However, writing a good press release is no easy task. Understanding the common bad press release characteristics can help your team avoid these mistakes.

Creating great press releases

Releases will likely be published on your website and your team might also submit releases to wire services. The release might have great content but can't go anywhere without links, meaning your team is missing out on potential conversion opportunities. The solution: Ensure all press releases are reviewed prior to publishing.

Forgetting to add links

The anchor text of some of your links should contain relevant keywords for SEO (Search Engine Optimisation) purposes. The solution: Look for SEO relevance. Use tools that can measure the impact of your content and offer suggestions before you publish your press release.

Not optimising for search engines

Try to get at least one link in the first third of your content as releases get picked up by aggregators or services, and they often include just the first paragraph or two. Readers might only skim the first few lines of your press release and never see the links in your content. The solution: Find a place for links in the top third of your content, even if you have to rewrite.

Putting your first link too late

Not including contact information in your press release means interested parties may bypass finding your number or will connect with companies that make their contact information more obvious. The solution: Ensure every release includes at least two accurate ways for customers to get in touch.

Not including contact information

Most people won't read to the bottom of your press release, but those who are primed to connect with your company will need that last push into action. Your "About Our Company" section can only be a small blurb about what you do and why you do it. The solution: Create a clear, up-to-date and to-the-point About Our Company section.

Leaving out the "About Our Company" section

Why should readers care about your press release? Consider what is newsworthy or exciting about your announcement and ensure that it's not written in a dry, dull, or boring way as it won't get read. The solution: Lead with a compelling headline and first paragraph. Capturing user attention up-front increases the chance that readers will reach the end.

Ignoring the "Why"

Steer clear of quotes from executives or team leaders that talk about how excited or proud they are about the information in your release as this does not add any value. The solution: Talk to the people involved with the project or product you're announcing and get quotes about why it matters to the target audience. What pain points are addressed?

Using uninspiring quotes

If you only talk about how great your company is, you're not giving readers a reason to keep reading. The solution: Press releases are about balancing promoting your brand and highlighting the impact of your newest project, service, or research. Ensure the headline and first paragraph are about what you've done, not how great you are.

Over-emphasising your brand

Press releases are part of larger marketing campaigns. Failing to support press releases properly limits the reach of your campaign and can frustrate efforts to generate market interest. The solution: Start with strategy. Ensure a plan for press releases includes specific budget allotments and targeted news sources.

Under-supporting press release promotion

Creating a great headline and first paragraph will get readers interested, but you should also be able to back it up with substance. For example, creating a press release about a new product that claims to solve specific issues, but you don't back it up with data, quotes, or other evidence. The solution: Start with reliable data. First, talk to your product teams and evaluate your market to see where your new solution fits, then find data that showcase your results.

Opting for style over substance

Always get permission to use quotes. Internally, this should not be an issue, but if you're using third-party quotes, ensure to get express written permission. If you fail, you might end up causing damage to your reputation. The solution: Create a clear permission process that identifies great quotes, reaches out to the sources and gets express written permission.

Forgetting to ask for permission

Timing is essential to press releases. If your release goes out before the rest of your campaign is ready, you may turn away potential customers. The solution: Create a marketing timeline for new campaigns that specifies press release dates and aligns them with other campaign efforts.

Rushing the release

The quicker you can capitalize on emerging trends and customer sentiment, the better. But if your release is riddled with spelling or grammar errors, it will lose its impact and could convince customers to take their business elsewhere. The solution: Every release should go through two rounds of edits and evaluation.

Trading accuracy for speed

In this post, we’ll walk you through how to give upwar feedback thoughtfully and tactfully and give you six excellent feedback examples you can use at work.

marketingandsales

Marketing & Sales

business

Business

Bad Press Releases: 14 Rookie Mistakes to Avoid

<ul><li>At the most superficial level, puttering (occupying ourselves in a desultory but pleasant way) may be useful because it occupies the mind so that we devote fewer resources to the things that are worrying us. </li><li>Even if we struggle with structured forms of meditation, for instance, we may find household tasks can anchor us in the here and now. But that will depend on where we place our focus.</li><li>On YouTube, there’s even a huge audience for videos of other people going about their chores, with millions of views for some of the most popular clips.</li></ul>

Pleasant distractions

Unlike other distracting activities – such as playing computer games or watching trashy TV – puttering also has the advantage of being proactive and useful, increasing our “perceived control”.When we feel anxious, a sense of helplessness can heighten the physiological stress response, increasing levels of hormones such as cortisol. Over the long term, the sense of helplessness can even harm the function of the immune system.We can gain a perception of control from activities that may have little effect on the situation that’s bothering us.

Perceived control

If you are sitting at your kitchen table with your laptop surrounded by clutter, that’s a lot of visual stimuli that your brain is continuously having to process while you simultaneously try to concentrate on the task at hand. Take away the visual clutter and you can focus much more easily.Importantly, you don’t necessarily have to remove the clutter to prevent this from occurring – simply rearranging it will do. Organizing objects into groups – by color, for example – may provide the brain with more obvious cues for navigating the chaos.

Tidy room, focused mind 

By reducing anxiety, soothing stress responses, increasing focus, and triggering the release of endorphins, it’s little wonder so many of us take to household chores as soon as we are faced with uncertainty.Like all activities, the extent of these benefits will be influenced by your personal tastes and the associations that you link with the tasks.

Pleasant associations

Especially when you’ve got a lot on, tiny household tasks can be soothing. Why do pleasant distractions feel oddly good?

Understand yourself and those around you.

psychology

Psychology

personaldevelopment

Personal Development

mentalhealth

Mental Health

timemanagement

Time Management

Puttering around: Why small tasks feel so therapeutic

A great pitch is describing your business or product within two sentences. Buyers and investors are experts at summing up a product's potential at a quick glance. They need to know within a minute if they should part with their money or else they'll stop listening.

Keep it concise

When you can make a buyer laugh or engage, you are a step closer to getting a deal. If you show confidence and energy, you can get any buyer to act.

Be exciting

An investor pays attention to how well you listen and other qualities that show that you're easy to work with. If entrepreneurs don't listen to questions that are asked during a pitch, they won't hear you down the road, and won't be a good partner.

Sell yourself

The buyer won't find everything right, such as selling female-oriented products to male buyers. But buyers know their customers. One determining factor is whether consumers won't be able to live without your product.

An opportunity that can't be missed

You need to be aware of every unit in the warehouse, the numbers on the books, the orders coming in. You need to be ready with answers for how you intend to plan for the future.

Cover all your bases

Know your facts about whether the product has been or can be profitable. If you need to regularly explain why your product is unique, you probably have a gap in your market research.

Base it on data

If you have a tangible product, come to your pitch with a flawless prototype. If you decide on giving a demonstration, treat it like a performance where you have to practice until it becomes second nature.

Practice

When Lori Greiner gives a pitch to customers, she can almost guarantee that the product will sell out in a few minutes. Before you make your next pitch, look at her tips on what makes a pitch work. 

"Queen of QVC" and Shark Tank star Lori Greiner shares seven tips for making your company pitches stand out. Get social with Inc. on: Facebook: http://on.inc.com/ilqUryJ Twitter: http://on.inc.com/8FGInRj LinkedIn: http://on.inc.com/gt7KsIn Instagram: http://on.inc.com/wLObvE2 Pinterest: http://on.inc.com/8lPoT0r

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Startups

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Videos

"Queen of QVC" and Shark Tank star Lori Greiner shares seven tips for making your company pitches stand out.

Get social with Inc. on:
Facebook: http://on.inc.com/ilqUryJ
Twitter: http://on.inc.com/8FGInRj
LinkedIn: http://on.inc.com/gt7KsIn
Instagram: http://on.inc.com/wLObvE2
Pinterest: http://on.inc.com/8lPoT0r

Inc. Magazine delivers advice, tools, and services to help business owners and CEOs grow their businesses more successfully. You'll find information and advice covering virtually every business and management task including marketing, sales, finding capital, managing people, and much more.  Visit Inc.com for the latest!

Inc.

Shark Tank's Lori Greiner Shares 7 Tips for a Perfect Pitch | Inc.

Creating a yearly budget for your business allows for effective management. A budget guides your intended business decisions and helps you lay out expansion plans. Make your money work smarter and harder by re-evaluating your income and your spending habits.

Consider the budget

<ul><li>Digital platforms allow you to organise your business data and documents and have a backup.</li><li>Online invoicing and accounting tools can help to keep efficient and accurate records.</li><li>Automate your bill payments, such as utility bills or credit card payments and ensure you have sufficient funds available for paying the bills.</li><li>Be extra vigilant about cyber security when making electronic payments, using e-commerce platforms and technology.</li></ul>

Keep the business paper-free

Partnering with the right investors is critical to the success of the business. Investors can be key assets as they can gather more funds than you could through loans. Research the most recent ventures of your potential investors, and understand how involved they would like to be.

Partner with the right investors

Financial institutions, partners, suppliers and prospective customers may use your credit score to determine the worthiness of the business and if you are likely to default on a payment. It is important to learn how to overcome a poor credit score. A good credit score could improve the financial success of the business.

Maintain a good credit score

Debt management: It's not ideal for debt to carry over to the next financial year. It's advisable to develop a strategy to repay your debts before taking out loans. Increase your savings: Savings can help to keep the business afloat in difficult times. Consider if your savings are enough to cover potential business losses in the next financial year.

Debt management and savings

Discover the world of business and economics.

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Economics

How To Improve Your Business Financial Management

Ethereum is the platform upon which Dapps are developed. The inception of Dapps (and in turn Erc20 tokens) has birthed a new economy. But with its First-Mover advantage comes a few serious challenges. With a 465% increase in average transaction price between November 28 and December 12, this specific stretch of time was a definitive moment for the world of Blockchain.

The evolution of blockchain & blockchain 2.0

Ethereum ’ s main deficiency is its protocol. Ether is mined using proof of work (POW) — the same protocol used by Bitcoin. With Pos, computers compete to solve mathematical formulas and win the right to confirm transactions into the Blockchain. The two major drawbacks to the POW protocol is the danger of a 51% attack and the massive energy consumption required for network security. If you own 5% of tokens, you can also expect to receive 5%

1. Will Ethereum work?

The Raiden network is an open source project that aims to serve as an Off-Chain network that facilitates transfers of Ethereum ERC 20 tokens. It Utilises state channel technology, enabling Off-Chain transfers of On-Chain tokens. The transfer itself is immune to double spending, making it as safe as an On-Chain transaction. The more users there are in the network, the higher the throughput will be. As of today, they are still in development with a working preview soon to be released.

The Raiden Network

The aim for Ethereum is to scale to thousands of transactions per second in the near future, On-Chain, without master nodes or any other conditions that would hinder its Decentralisation. Sharding is essentially creating a new “world” and many more, without it affecting the Main-Chain. Instead of each Node Verifying all of the data, data t is broken into 3 shards: T1, T2, T3. Instead of individually authorising the entire data t, nodes a, B.

Sharding

Plasma pairs smart contracts on the main Blockchain by using fraud Proofs. This technique gives full nodes the ability to De-Validate a faulty chain. This protects the integrity of the main chain. Much like the Raiden network, plasma is a second layer built on top of Ethereum’s core. Vitalik believes this, along with the many other upcoming changes, should revitalise the Ethereum network and boost its longevity.

Plasma

New Blockchain projects such as Eos or Cardano are busy developing answers and solutions to Ethereum’s current issues. All Blockchain systems and protocols are hard at work to build a foundation that enables real world use and adoption. Scalability, Interoperability, Andoverall usability are the three key components of a Blockchain’s Adoptability.

2. What are 3rd Generation Platforms? What do they offer that Ethereum doesn’t at the moment?

Scalability is a Blockchain’s ability to accommodate as many users as possible on the chain while still retaining low transaction fees and fast consensus. Ethereum and Bitcoin’s Scalability issues stem from their Now-Inefficient consensus protocols. This inefficiency Percolates down to a few major drawbacks. One of those is the Longerblock time. Block time determines how fast and how many transactions can be processed in a set time. 1mb (2000 transactions)

Scalability

Interoperability is a protocol’s capacity to interact and cooperate with different Blockchains. It will be the main factor that will help bring Blockchain Tech into the real world. The essence of Interoperability is to eliminate the need for Centralised intermediaries, improve capacities of performance and Scalability, and to connect between private and public chains. The integration of Blockchain technology through Erp and Crm software will most likely be through a number of different Blockchains and not just one. today,

Interoperability

Many projects are Transitioning from simple Smart-Contract Interoperability, to seamless sharing of information across Blockchains. The Blockchain projects with Interoperability at their core will survive the test of time and adaptability, says Robert McDonald.

What does this all mean?

New platforms make developer’s lives easier with functional programming languages, smart contract audits, and Easy-To-Deploy, Customisable Blockchains. The end goal in my opinion is for the end user to not even know they’re using a Blockchain. Blockchain that is easy for developers and user friendly will be Adoptable. If you think you are lazy, those Techies you call developers will crush the stigma you’ve made for yourself. If you think you are lazy,

Usability

There are many more projects that all approach the challenges that Blockchains are facing from different angles. Matrixchain uses ai in some unique ways that ultimately, simplify the user experience. Matrixchain uses a hybrid POW and delegated Pos protocol. Matrixchain integrates ai in some unique ways that ultimately, simplify the user experience. Matrixchain uses a hybrid POW and delegated Pos protocol.

MVPs

Supply chain integration allows for rapid and improved Commerce. But there are serious hurdles for Blockchains (let alone a single one) to overcome. Do you think that China and Switzerland will have the same standards for a Blockchain that they both support and approve? do you think that China and Switzerland will have the same standards for a Blockchain that they both support and approve? do you think that China and Switzerland will have the same standards for a Blockchain that they both support and approve?

3. Could a specific blockchain achieve GLOBAL integration?

Bitcoin was the first. It was exciting. Revolutionary. It was Steve Jobs in his basement, Neil Armstrong walking on the moon, the caveman harnessing fire. It was the first digitally scarce asset. It solved issues that had plagued developers for years. It is the foundation of this entirely new class of assets. However, just like most new, revolutionary developments, its tech is limited and focused solely on transactions. It’s like trying to develop a modern day application on Windows ’98. Not going to happen.

The Start Of A Revolution

This piece reviews the history of blockchain up to today, and offers an educated opinion on blockchain’s future supported by deep, objective analysis. We analyze projects such as EOS, Zilliqa and NEO.

Blockchain Platforms: One Chain To Rule Them All?

Cryptocurrencies give you the chance to do what venture capitalists do. Up until now, it’s been the exclusive right of people with lots and lots of money to invest in early-stage companies. But now it’s the little guy’s turn too.The statistics on companies that succeed or fail in a venture capitalist’s portfolio would terrify the average present-focused tribe member.80% fail outright.

The Amazon of Tomorrow

Right now coins are starting to split up into three major categories:&nbsp;<ul><li>Currency&nbsp;&nbsp;</li><li>Platform&nbsp;&nbsp;</li><li>Utility&nbsp;&nbsp;</li></ul>

The Contenders

These are the simplest coins. They’re programmable money. They’re looking to become a medium of exchange for goods and services. Either that or they’re a store of value like gold or silver. Some are deflationary, some inflationary. Some are meant to move fast and others are meant to hold so you can buy things with it later.The granddaddy of them all is Bitcoin.

Currency

Platform coins are looking to do things that are the sole domain of servers and clouds right now. They want to power decentralized applications, run smart contracts as law and power everything from identities to storage to voting.The platforms have the longest way to go. They have to solve incredibly challenging scaling problems, maintain security, create whole new programming languages and deliver a fantastic user experience.These platforms are the foundation of the decentralized internet of the future.

Platforms

The problem with most utility coins is they have no utility.You’re supposed to use these coins to consume services like identity lookups or decentralized DNS lookups but there is no platform to use these coins yet, so they’re some of the riskiest because they have to survive long enough to service the dominant platforms. By the time that happens those services might already be incorporated into the platforms or get up and running for free. This should be the smallest portion of your bag. Expect utility coins to make up a significant portion of the post dot-com <a href="https://en.wikipedia.org/wiki/Dot-com_bubble#Companies_significant_to_the_bubble" target="_self">crypto bubble burst list</a>.

Utility Coins

You had dreams of telling your boss where to shove it while you drove off in your shiny new pink Cadillac looking for the meaning of life but it didn’t happen. Maybe you sat on the sidelines waiting…

Mastering Shitcoins: The Poor Man’s Guide to Getting Crypto Rich

Loans — as with finance, in general — can do wonderful things for you when properly managed. It can help solve urgent problems, cater to substantial expenses and grow businesses.However, when mismanaged, credit quickly becomes a source of frustration and can cause real damage to your future financial prospects.We’ve highlighted a few ways below to ensure you are properly managing credit.

Building your credit history

Realize there is such a thing as ‘too much credit’. Taking on multiple loans at a time increase the risk of missing a payment and then getting stuck in nasty cycles of debt — constantly taking additional loans to pay off previous loans which you’re already struggling to service.

Limit your exposure to debt

A loan is a serious obligation and should be treated as such — it probably shouldn’t be used to impress your boys at the club! Assess your needs prior to applying — is the cash need important enough to take out a short term loan?

Only apply for loans when you need it

Only take loans when you are certain you will have the means to repay on or before the agreed due date(s). Be sure to confirm all interest/fees associated with the loan prior to applying. Only proceed when you are comfortable that you will be able to service the expected repayments.

Start with the end in mind

Late repayments or defaults on loans are not only a breach of the contractual agreement between a borrower and a lender; they also come with very real consequences that can be hard to shake off in the long-term.Services such as <a href="https://play.google.com/store/apps/details?id=com.lenddo.mobile.paylater&hl=en" target="_self">Paylater</a> reward you for on-time repayments with points, which can be used towards obtaining more attractive loan terms.

Avoid late repayments at all costs

If you don’t know what this is — you’re not alone! A lot of our new users start off unaware of the meaning of credit reports or the existence of the <a href="http://www.investopedia.com/terms/c/creditbureau.asp" target="_self">credit bureaus</a> that store information on them. Financial institutions are required to provide these bureaus with data on the accounts you hold with them — this applies to current accounts, overdrafts, loans, and soon, even payments such as PHCN bills will be reported!

Get familiar with credit reports

Loans — as with finance, in general — can do wonderful things for you when properly managed. It can help solve urgent problems, cater to substantial expenses and grow businesses. However, when…

<a href="https://nextshark.com/ben-yu-cryptocurrency-101/" target="_self">Cryptocurrencies have some of the best ROIs in history</a>. And you do have a shot at making some good money. So let’s talk about investing in cryptos the right way.

Let's Talk About Crypto

If you don’t have a lot of money, start small. Don’t go maxing out your credit cards or getting a “loan” from that guy your bother knows who sits on the corner outside the bodega on 156th and Broadway. You’ll only get burned.

Only invest what you can afford to lose

By a wide margin, the right strategy for most people is to just buy and hold. Get some well know cryptocurrencies like Bitcoin, Ethereum, Dash, or Litecoin, put them in cold storage, stick them in the sock drawer and forget about them. Don’t read the news. Don’t worry about the wild swings or the predictions of doom from the popular press. Just buy, hold and forget. In a year or two, dig them out and sell some of them and buy a little more with the proceeds. Wash, rinse and repeat until retirement.

Buy-and-hold

If you want to trade, however, that is a different beast altogether. That means you’re looking to get in and out of the market. The rules of the game are simple:Buy low, sell high.Easier said than done though.There are two parts to this game:<ul><li>Making money</li><li>Keeping it</li></ul>Most people crash and burn on the second part. Everyone makes money in a bull market and then most give it right back afterwards.

Trading

All of us have stupid, magical belief systems and broken mental heuristics that work against us every single second of our lives.If you ask a group of people how many of them are “above average” drivers, almost everyone will raise their hands. This is impossible. We can’t all be above average but we all believe we are.

Our Mind Works Against Us

When I used to trade the regular markets, I can’t tell you how often I saw good, professional traders saying “this makes no sense, the market is wrong.”No, the market is always right.You are wrong.You’re either in line with it and making money or you’re losing money and bitching about how the market should be more rational.

The Market Is Right

The problem is most of us are seeing a movie in our heads about life, instead of what’s actually right in front of our noses. To the degree that reality doesn’t match up with what we want to think about it, we go with what we want to think about it. For most humans giving up their belief systems is the same thing as death. They would rather die, literally, than change their mind.

Dying Is Easier Than Changing Your Mind

Being “right” when you’re wrong is great way to lose money.Do you know that at times as much as <a href="http://www.electionstudies.org/nesguide/toptable/tab2b_5.htm" target="_self">38% of the population can’t tell you which party is more conservative in America</a>. 38%! In fact, most people don’t vote based on actual politics at all. They <a href="http://abcnews.go.com/Technology/story?id=119958&page=1" target="_self">pick who they like the most</a> and then project their viewpoints onto that person, even if that person has diametrically opposed ideas to their own.

People Can Be Dumb

Crypto markets move at video game speed.This is one of the reasons the popular press does not understand cryptos. They regularly report that Bitcoin is over and dead for good. It’s hilarious. <a href="https://99bitcoins.com/bitcoinobituaries/" target="_self">Check out this article from 99 Bitcoins. Someone writes Bitcoin’s obituary every day</a>.The problem is the pop-press is used to playing the game at slower speeds. It’s as if they were good football players in college only to go to the pros and have guys blow right past them. It’s a totally different level. This is the e-Sports universe.

Superfast Video Game: Crypto Markets

Crypto is run by people who never lived a life without the Internet. To them it’s just like a tree, it was always there. The NYSE come from the days of ink and wood pulp. When Forbes or CNN or FOX reports on bear markets in the traditional stock world, they’re usually right for a reasonable period. That market will go cold for months. In crypto, it could go nova hot tomorrow. It is all in warp speed.

Cryptos are the computer generation’s stock market

Technical analysis works pretty damn well in crypto trading. My gut tells me it’s because most of the folks trading cryptos are geeks and we’re prone to liking TA because it makes sense to the engineer brain. That makes them a self-fulfilling prophesy. It also works because there’s lots of machine trading going on. You’ll be trading against bots regularly on the exchanges and they have no choice but to make decisions based on moving averages, pull backs, breakouts and all the other things that TA aficionados love.

Technical Analysis(TA)

You don’t want some measly little 10% ROI after a year in the plain old stock market. That’s for grandpas and old people. You want quit-your-job with a middle finger, fuck you money! Am I right or am…

crypto

Cryptocurrency

technologyandthefuture

Technology & The Future

The Cryptocurrency Trading Bible

Here’s the topics I’ll cover in this article:&nbsp;<ul><li>Wallets: Wallets are like bank accounts for your tokens. I’ll go over all the major types of wallets and how to use them.&nbsp;</li><li>Exchanges: How to send money to get started on popular exchanges.&nbsp;</li><li>Trading: How to start trading, and things you should understand about the crypto markets.&nbsp;</li><li>Managing your portfolio: Apps to help you get a better understanding of your gains &amp; losses, and how to watch tokens and prices.&nbsp;</li><li>Security &amp; Safety: Tips on maximizing security for your holdings, best practices, and how to avoid phishing scams, etc.&nbsp;</li><li>Common mistakes.</li></ul>

Getting started

The easiest way is to sign up to an exchange that allows you to buy, trade, or sell cryptocurrencies, they allow you to generate a wallet for every token that they trade, even if you don’t own any. <a href="https://coinbase.com">Coinbase </a>for example, gives you a wallet for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

How to get a wallet

If you trade on 3 different exchanges, you will have a different wallet and address for each exchange, for each token. Think of them as a different Website address or Url. Wallet addresses are currently a very long string of characters, called a hash.

How to send and receive tokens between wallets

<blockquote>Wallets are like your crypto bank accounts, and different wallets store different tokens.</blockquote><blockquote></blockquote>To trade any cryptocurrency, you first need a wallet to store them, ie: Bitcoin needs to be kept in a Bitcoin wallet. Wallets are exactly like they sound, they’re like a crypto bank account.

Wallets

Certain tokens based on the Erc-20 protocol can be stored in the same Erc-20 compatible wallet. For example, if you have two Erc-20 tokens, “apple coin” and “orange coin ”, you can send them both to an Erc-20 wallet.

ERC-20 based tokens (the exception)

<ul><li>To find an official supported wallet for Bitcoin, you can Download one from Https: //Bitcoin.Org/En/Choose-Your-Wallet.</li><li>Mobile Wallets are Apps that you can Download and install on your phone. Examples include the Blockchain mobile wallet for Android.</li><li>It is highly recommended to store tokens Offline to reduce risks of hacks, Phishing attempts, and the collapse of exchanges.</li><li>Coindesk has a guide on how to create a paper wallet.</li><li>Popular options are the ledger Nano s and the Trezor hardware wallet.</li></ul>

Different types of wallets

To start trading cryptocurrencies, there’s a few key things to understand: <ul><li>Only a few exchanges allow you to buy Bitcoin with Fiat currency. </li><li>Bitcoin is currently the most common trading pair. Ethereum is also starting to be more widely accepted.</li><li>Most exchanges are not regulated, invest at your own risk. </li><li>Unlike the traditional stock exchanges, crypto exchanges have no opening and closing hours, they are always open, 24/7, 365 days, globally. </li></ul>

Exchanges

Coinbase currently only allows you to buy four Cryptocurrencies: Bitcoin, Bitcoin cash, Ethereum, and Litecoin. Bittrex is one of the more popular ones for Crypto, as it trades a handful of the 1300+ alternative Cryptocurrencies out there. Binance was only launched in early 2017, however they quickly Pivoted their platform to open up to the Western part of the world and they’ve catapulted to become one of the largest exchanges by volume.

Popular Exchanges

Now that you understand how wallets work and you’ve discovered the exchanges you can trade on, it’s time to learn how the trading mechanics work in the crypto world, as well as general tips and common mistakes to avoid.

Trading Cryptocurrencies

All exchanges that trade a token with Bitcoin as a trading pair, will take buy and sell orders against a Bitcoin value. Bitcoin and most tokens are divisible. With Bitcoin itself divisible up to 10 million units. You do not have to buy or sell a whole Bitcoin.

Trading pairs — Understanding how to trade in BTC values

There’s three ways to make a trade: <ul><li>Limit trade allows you set a price you want to buy or sell a token at, and specify how many tokens you want.</li><li>Market trade is the quickest way to buy or sell a token. On Bittrex, this is called an "ask"</li><li>Stop limit allows you to automatically trigger an order at a set price. If you set a “stop limit” at $5, then you’ll automatically start buying up to a set limit when the price is $5 or less.</li></ul>

Making Trades

So you’ve taken the red pill, and now you’re either looking to invest, or have started investing into cryptocurrencies already. With the overall crypto market growing over $100 billion in value in…

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How To Improve Your Business Financial Management

Nicholas Villa