8 must read tips for trading Bitcoin and Altcoins

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In fact, if we all cryptomcbitcoin believing in it, it would have no use at all! It is, of course, money. But not just any money, in this 6 minute English, we'll be talking about the infamous Bitcoin. Is it the same as 'real' money? Can it be trusted? Dan and Neil discuss the cryptomcbitcoin and teach you six items of vocabulary. Dan Hello and welcome cryptomcbitcoin 6 Minute English. I'm Cryptomcbitcoin and joining cryptomcbitcoin today is Neil. But cryptomcbitcoin about the cryptopart?

Dan Well, crypto is a prefix meaning hidden or secret — it comes from the word cryptic cryptomcbitcoin means mysterious or difficult to understand. You may have heard about the most popular crypto-currency at the moment, the Bitcoin. Dan First our quiz question.

When was the Cryptomcbitcoin crypto-currency first created? So…Bitcoin, what do you know about it? Dan You are right on the money, which means correct, cryptomcbitcoin times. Bitcoin is just like any other currency except for cryptomcbitcoin things. Neil Legal tender means the official money that can be cryptomcbitcoin within a country. You can use it to buy items from anyone who cryptomcbitcoin accept it, and its value fluctuates.

Neil Fluctuates means changes in level or amount. Dan Ah, the second thing is that bitcoin is a digital currency, meaning that with the exception of a few tokens, it largely exists online only.

You see, even though Bitcoin is not regulated by a bank or government, it still has a process that stops people from cheating. There are only two ways to get bitcoins. You either trade them from someone, or you go mining.

Neil Oh cryptomcbitcoin, I've heard about this. This is when you use your computer to run calculations which verify other Bitcoin transactions. In fact, one cryptomcbitcoin exchange in Chicago has begun trading in Bitcoin futures contracts. Neil A futures contract? That means that cryptomcbitcoin believe Bitcoin, which started the year worth under dollars will cryptomcbitcoin to rise in value, albeit at a slower rate.

Neil Soared in this context means cryptomcbitcoin very quickly. Cryptomcbitcoin, now big investors are betting on the value of Bitcoin in the cryptomcbitcoin.

But he also mentioned that cryptomcbitcoin banks have a lot of scepticism. That's a doubt that something is real or true. In this case, whether Cryptomcbitcoin is reliable or not. After all, a fool and his money are soon parted. We know that for a fact. I asked you when the Bitcoin crypto-currency cryptomcbitcoin first cryptomcbitcoin. Neil First we had currency. Name three currencies and their countries, Dan. Rupee for India and my favourite, Metical for Mozambique.

Next we had cryptic. Something which is cryptic is mysterious or difficult to understand. For example, what do rich people need, poor people have and if you eat it, you die? Neil A cryptic riddle indeed! The Euro is legal tender within Spain, but what was the legal tender before that? Then we had fluctuates. If something fluctuates, it changes in amount or level.

The stock market fluctuates. Cryptomcbitcoin But my love for my cryptomcbitcoin never does. Then we had soaredwhich means increased very quickly.

Dan Finally cryptomcbitcoin had scepticism. Scepticism is doubt that cryptomcbitcoin is real or true. What sort of things are people sceptical about, Neil? Are robots and artificial intelligence taking over from humans?

Dan and Neil discuss the rise of the machines. Cryptomcbitcoin you trying to give up drinking this month? Catherine and Rob discuss abstaining and the benefits of a dry January. Would you pay more for coffee if you knew cryptomcbitcoin was doing cryptomcbitcoin good? Dan and Catherine discuss the pros and cons of ethically produced coffee. Bitcoin is here and it's generating interest. Is that a good or bad thing? Dan and Neil discuss the pros and cons of this digital currency.

Can science prove the existence of 'man flu' or cryptomcbitcoin men just big babies? Dan and Neil discuss all this and give you six useful items of vocabulary. Cryptomcbitcoin popular job at this time of year is playing the part of Santa. But what does it take to be the perfect Father Christmas? Neil and Dan cryptomcbitcoin whether it's a role that would suit Dan.

The number cryptomcbitcoin schoolchildren doing part-time jobs in the UK has fallen. Is that cryptomcbitcoin good thing? Neil and Dan discuss the pros and cons of cryptomcbitcoin while you're still at school. Tim and Neil talk about interactions that can be cryptomcbitcoin by people of different backgrounds. Relax, cryptomcbitcoin down and breathe.

Neil and Catherine explore mindfulness - what it is and what benefits it offers. Are you an emoji person? We explore how cryptomcbitcoin smiley faces have become powerful communication cryptomcbitcoin.

What do you eat for lunch? Sandwiches are the most popular lunchtime meal cryptomcbitcoin the UK, but why? Catherine and Neil discuss why the police and the cryptomcbitcoin system are concerned about cryptomcbitcoin testimony.

Catherine and Neil discuss how the pressures of modern living are making us hostile to each other. Why are so many people obsessed with cryptomcbitcoin about their cryptomcbitcoin history?

Neil and Catherine talk about genealogy. The increased study of extremophile microbes has revealed a lot about what is and is not needed to sustain life on Earth. Cryptomcbitcoin are we so fascinated with the superheroes that populate our cinema screens and comic books? Cryptomcbitcoin and Neil discuss whether we would miss driving as driverless cars are tested in cities around the world.

Alice and Neil talk cryptomcbitcoin their preferences. Alice and Neil discuss circadian rhythms — the so-called body clock that influences an organism's daily cycle of changes. Why do we fear animals that pose no threat to us? Sophie and Neil discuss the reason why fear of spiders is so common. Neil and Alice talk about the defiant women who fought for their right to choose their representatives. Call them what you want — trainers, sneakers, tennis shoes cryptomcbitcoin but why does everybody love them so much?

Sophie and Cryptomcbitcoin discuss social networks and why we often use different identities for different social media. Free, digital news is threatening traditional newspapers. Sophie and Neil discuss the pros and cons of news in print. Why are we attracted to some people and not to others?

Sophie and Neil discuss love at first sight. What is loneliness and why cryptomcbitcoin we feel it? Sophie and Neil discuss how feeling lonely can help us to survive. How do you see yourself and how do cryptomcbitcoin see you? Alice and Neil discuss identity and how appearances can be deceptive. Why is punctuation important?

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Amid a cryptocurrency price correction that has seen the price of Bitcoin drop by half from its mid-December peak, UK-based cyber-cash lending and exchange biz BitConnect said it is shutting down. The firm, dogged by accusations that it is a Ponzi scheme , cited bad press, regulatory orders, and cyber attacks for its market exit this week.

BitConnect said it has received two cease-and-desist letters from US financial watchdogs: The letter from Texas authorities, an emergency cease-and-desist order sent January 3, , charges the company with fraud and misleading investors. The letter from North Carolina authorities observes that BitConnect's purported rate of return amounts to about 3, per cent annually.

Noting that such rates "are extremely unusual in financial markets," the North Carolina letter stated: Back in November, UK authorities issued a letter directing the upstart to prove its legitimacy or face dissolution.

BitConnect promised patrons the ability to earn interest on Bitcoins by lending them. It also attempted to entice new customers by loaning them alt-coins of its own, BitConnect Coin BCC , and offering more of the same if they could get others to sign up. Through its website, the company insisted it will continue supporting its BCC currency and touts its new exchange platform, Bitconnect X , and accompanying currency BCCX. BitConnect is supposedly owned by someone named Ken Fitzsimmons, but scant online information makes this difficult to verify.

BitConnect's woes echo a broader cryptocurrency crisis that appears to have been precipitated by an uptick in regulatory intervention. Last month, the South Korean Financial Services Commission announced that in January cryptocurrency exchanges could only issue new accounts using people's real names. China is reportedly considering further restrictions on cryptocurrency.

And Russian President Vladimir Putin has suggested regulation of cryptocurrency may be necessary, according to Tass. Government attention of this sort hasn't helped the market for fanciful digital tokens of intermittent redeemability. The prices for Bitcoin, Ethereum, and Ripple, the three most popular cryptocurrencies, were all down considerably on Wednesday.

Faced with such volatility, true believers appear to be undaunted. Minckwitz's exhortation, it should be noted, is followed by the obligatory disclaimer that such sentiment "should not be considered professional financial investment advice. Meanwhile, on community site Reddit, BitConnect forum posts advertise suicide-prevention hotlines, perhaps in sympathy or perhaps in jest.

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