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Guide To Handle Crypto Talk At The Party

Parties are a fun experience for everyone. You can interact with new people and have a good chat on almost everything. Opinion sharing for people is important because to a certain extent, everyone wants to show that three years in college wasn’t just a waste of time. New year has come and parties and event will provide a lot of opportunities for opinion sharing.

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Be courageous


Once you start a conversation, you could end up talking about anything. Cryptocurrency talk wouldn’t be surprising at all as now bitcoin has become the talk of the year. However, to have a proper discussion about cryptocurrency could lead to many ways but without proper knowledge and some research about the cryptocurrency market, this small talk could turn nasty. If somebody brings up the topic of cryptocurrency and you want to have a nice discussion about it, do some homework and trade tips with each other.

Know the basics


There are numerous ways to whip up an interesting conversation and one of ways is to have proper basic knowledge of the topic. Your talk will be more convincing and pleasant. To start you off, here are the basic facts you need to know about cryptocurrencies:

#Cryptocurrencies are virtual currencies that are protected with highly difficult protocols.

#There is no governmental or financial authority over cryptocurrencies and cryptocurrencies transactions are a matter of public record.

#There are approximately 1 300 active cryptocurrencies.

#Blockchain technology is the infrastructure of cryptocurrencies .It’s a digital and decentralized ledger that records payment and transfer transactions in a safe and efficient manner.

#The main cryptocurrencies are Bitcoin and Ethereum and they create the major buzz

#Trading in cryptocurrencies, making payments in virtual money and buying goods and services in digital money is illegal in countries such as Bolivia, Bangladesh, Nepal, Morocco, Kyrgyzstan, and Ecuador.

Be a pro trader…almost


To acquaint yourself with the trading processes and trading itself better, getting hands on is one good way! If you're not confident on trading in real cryptocurrency markets by risking your hard earned money, you can try out trading simulators. There are a lot of apps which offer you an exact experience as it is on the real cryptocurrency market.


One of them is the Bitcoin Flip Trading Simulator. Available on Android and iOS. It allows you to trade with some of the popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Monero, Litecoin and Dash. On Bitcoin Flip everything is happening in real time however there is no risk and no real money involved. Bitcoin, Ethereum and Ripple are the most important cryptocurrencies right now, because there are many major events revolving around them. Analyze the movement of the charts and choose the cryptocurrency that suits your style. You can have fun while trading as well as improve on your cryptocurrency knowledge and trading skills.

The main events


The largest events are around Bitcoin right now. At the beginning of 2017, economists and crypto enthusiasts predicted that bitcoin price will reach $ 8 000 at the end of 2017, but last Monday Bitcoin already exceeded the $ 20 000 barrier. The growth of price happened in three weeks due to investor’s excitement and the emergence of new investors into cryptocurrency markets. But now, Bitcoin has dropped and hit $13 000. Some say that the drop will continue till $ 11 000. One possible reason for the major drop could be that someone with a large stockpile of Bitcoin could have sold them away. Bitcoin was released in 2009 by mysterious person named Satoshi Nakamoto and now is the king of cryptocurrencies with a market cap of $236 billion.


Another crowd stunner is Ripple. This week, Ripple’s price reached a historical milestone of $ 2 and surpassed bitcoin in its meteoric increase in value. Nearly $43 billion is invested into Ripple globally, and the digital currency has a lot of high-profile users - including several multinational banking systems. Ripple was released in 2012 and it is more popular in banking and financial institutions due its reliability, speed and security. Ripple is the third largest cryptocurrency after Bitcoin and Ethereum.

Slay crypto-talk


To nail every conversation, you have to have your own reasonable stand. While expressing your thoughts, you should include some realistic future predictions about cryptocurrencies to show vast knowledge about the topic.

Firstly, you should mention that Bitcoin and other cryptocurrencies in near future will be used as a payment tools and they will become more valuable, because, for example, even Ebay is considering allowing cryptocurrency payments and there are a lots of other companies where Bitcoin payments already in place like Subway, Lionsgate films and Badoo.

Secondly, it could be large possibility that even banks could start cryptocurrency payment systems, for bank and financial sector to facilitate and speed up the work of the institutions and reduce the need for human resources. The transactions become smoother and indisputable, because everything will be included in highly difficult and smart mathematical model.

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