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Or do you transfer money from your bank account to somewhere and convert it to Bitcoin? What does that look like? If you just want to earn a high return with crypto, you might consider a crypto savings account. Check out the best cryptocurrency savings accounts here. Promo : TradeStation Crypto. Here is our list of the 10 best cryptocurrency exchanges and investing or trading platforms.

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Content:

• China's top regulators ban crypto trading and mining, sending bitcoin tumbling
• Bitcoin is the greatest scam in history
• 5 Crypto coins to invest in that are less than $1
• Why the Cryptocurrency Market is in Shambles Right Now
• 2 Top Cryptocurrencies to Buy Now and Hold for the Next Decade
• Best Penny Cryptocurrencies 2022 – Penny Crypto To Buy

WATCH RELATED VIDEO: SOLANA ABOUT TO SKYROCKET (4-5 Weeks)! INSANE ETHEREUM PRICE PREDICTION! CRYPTO NEWS

China's top regulators ban crypto trading and mining, sending bitcoin tumbling

The biggest cryptocurrencies have had a rough few months. If you listened to Matt Damon's Crypto. At the time of writing , both bitcoin and ethereum were down by about 45 percent compared to their highs from last November; BNB was down 42 percent. Now, they may well go back up again at some point — crashes and recoveries have happened before many times. But it's an illustration of the incredible risk of cryptocurrency investment.

These things are not a futuristic way to get guaranteed returns through the computer; they're a scammy, useless, and quite possibly doomed hot potato asset. One amusing thing about the timing of the crypto crash is how it obliterates one of the concept's principal ideological underpinnings. In reality, right now inflation is spiking to its highest levels in decades, and instead of a rush to crypto "safety," the top coins are all crashing in value — and not by 7 percent but by hundreds of percent on an annual basis.

This is largely because crypto is heavily tied to the functioning of the real economy. In particular, both the big coins eat up abominable amounts of both electricity and advanced computer chips. The "proof of work" system used by both bitcoin and ethereum to create new coins and validate transactions eats up roughly terawatt-hours for ethereum and terawatt-hours per year for bitcoin — or about what the Netherlands and South Africa use , respectively.

Bitcoin miners have therefore been chased all over the globe in search of the cheapest possible electricity, often from old, filth-spewing coal power plants , often in impoverished authoritarian countries where relevant officials can be bribed to look the other way at gigantic power overuse. China kicked them out in late both to cut down on power use and financial fraud.

The current decline of bitcoin is related to the government of Kazakhstan apparently cutting off its miners and eyeing new controls to cut down on their power usage. Even a dictatorship is well advised to provide a reasonably consistent supply of electric power to keep its population quiescent. Major powers around the world are also cottoning onto the fact that the crypto craze is badly exacerbating the computer chip shortage , and thence the shortage of cars, appliances, consumer electronics, and everything else that needs chips, and thence the inflation that is deeply unpopular among voting citizens.

Regulations are likely coming in both the United States and Europe that would address the absolute bonanza of scams and frauds in crypto , the resulting systemic financial risk, and also free up capacity at semiconductor fabs for real industries.

It's worth emphasizing that all that electricity and all those computer chips are being used up to do things that are explicitly pointless. The entire idea is to force crypto participants to expend useless effort to make it difficult to attack the system something that is already accomplished quite well on the internet.

Here we have the fire of the gods — a fundamental force of physics harnessed to do the bidding of humanity — being created in unimaginable quantities by burning the dirtiest fuel available. And here we have that power driving some of the most sophisticated objects ever made, wearing them out by the train car-load in order to … guess random numbers a quadrillion times a second.

The waste, pollution, and damage to the climate are beyond nightmarish. It's as if there were a trillion-dollar baseball card or Beanie Babies collecting frenzy, but every time you wanted to create, trade, or sell one, you had to throw an entire litter of kittens into a wood chipper. And contrary to Winklevoss's arguments about gold: While that metal is hugely overvalued on any rational business basis, it does have legitimate industrial uses , plus thousands of years of history as a real currency, and most importantly it actually physically exists in a hefty and eye-pleasing form that is nice for jewelry or decoration.

Cryptocurrencies, by contrast, are imaginary computer funny money with operations that are totally incomprehensible to the layman and a substantial portion of the crypto enthusiast base alike. As Dan Olson argues in a brilliant investigation of the cryptocurrency and NFT space , crypto is not good at anything it sets out to do. As the wildly gyrating value shows today, it is not a good store of value.

It is a horrendous medium of exchange: It's very slow compared to the dollar payments system and dramatically more expensive, with just one transaction costing at least a few bucks and up to hundreds of dollars , depending on conditions. Finally, crypto is exceptionally vulnerable to most kinds of hacking, because it's virtually impossible to reverse a transaction on the blockchain, and most lack elementary security features other services take for granted.

For instance, you can "airdrop" a malware NFT into certain kinds of ethereum wallets without needing permission, and if its owner ever clicks on it , you will receive all the contents of the wallet immediately. Crypto is ultimately a greater fool scam where the only way to profit is by passing off the hot potato to the next sucker. It has a snazzy techno gloss of cryptography that is hooked into libertarian notions about hard money and general suspicion of the financial sector, but that is only a facade.

The only reason cryptocurrencies have value is the general conviction that in future, the line will keep going up. That has made a few people rich beyond the dreams of avarice, because scams can be very profitable if you get out in time. But as we see today, the line does not in fact always go up. And if a critical mass of crypto owners ever lose faith at once, bitcoin, ethereum, and all the rest are toast.

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Bitcoin is the greatest scam in history

Signing out of account, Standby With so many coins on the market today, it's hard to know which ones will survive and which ones are just scams. As a seasoned investor and someone who has been in the industry for years, I've witnessed the spectacular rise and fall of many cryptocurrencies. The current Bitcoin rally has been great for those who invested early enough to benefit from the returns.

5 Crypto coins to invest in that are less than $1

Although cryptocurrency has only been around for a short time, it has expanded into a wide, convoluted universe that can be difficult to understand for the uninitiated. Digital platforms like Coinbase and Robinhood have made it significantly easier for people to invest in popular cryptocurrencies like Bitcoin. However, the process is still slightly more complex than acquiring a more traditional currency. A financial advisor can help you create a financial plan to help you reach your crypto investment goals. There are thousands of different cryptocurrencies available today, and it can be tricky to nail them all down with a single definition. Broadly speaking, though, a cryptocurrency is a digital currency that is encrypted and often decentralized. Bitcoin , the first and most recognizable cryptocurrency by far, is based on blockchain technology , a permanent, decentralized ledger system. There are all different kinds of altcoins. Others focus on privacy, like Monero and ZCash.

Why the Cryptocurrency Market is in Shambles Right Now

The cryptocurrency industry is growing at a rapid pace with Bitcoin, Dogecoin, Ethereum being the hot buzzwords driving the crypto frenzy these days. Even though the crypto industry is only a decade old, novice investors are drawn to it as they see a quick way to earn profits. Unlike the stock market, the crypto market does not have any regulation, as a result of which, its value swings up and backs down every day. Cryptocurrencies are digital assets— that you can use as investments and even for online purchases. It is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

2 Top Cryptocurrencies to Buy Now and Hold for the Next Decade

We've all heard the stories of Bitcoin millionaires. But it isn't just the digital asset's price that has hit an all-time high. So has its energy footprint. And that's caused blowback for Mr Musk, as the scale of the currency's environmental impact becomes clearer. It also helped prompt a series of high profile critics to slate the digital currency this week, including US Treasury Secretary Janet Yellen.

Best Penny Cryptocurrencies 2022 – Penny Crypto To Buy

With all the noise -- and it's fair to say, craziness -- associated with cryptocurrency, we thought you might like a bit of an overview. Like the off-the-rails GameStop stock hack , the cryptocurrency Dogecoin has been on a bit of an undeserved roll. And, because what's a fake currency without a bonkers billionaire, much of Dogecoin's recent moment and that of Bitcoin, too can be attributed to Elon Musk and his fondness for tweeting. In this article, we'll take a quick look at the 12 cryptocurrencies we find most interesting. If you haven't heard of many of them, you're not alone. There are, of course, a whole lot more than twelve cryptocurrencies out there. Some of these are, well, let's just say that if you read the whole article, you'll find a currency based on the market value of weed. Need I say more?

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GALA gave returns of 32, per cent-plus. But do high returns in just one year make them investment-worthy? Or, what is hope? We, as people, expect miracles development, welfare, freedom from our princes The political history of Goa is littered with stories of smaller regional parties rising, battling and falling to the might of The poll-bound states have a handful of small parties in the fray.

Investors are becoming more bullish on cryptocurrency. Interestingly, the same report suggests that U. Of course, that's great news for crypto investors, because rising demand should translate into higher prices. Moreover, in light of the latest volatility -- the crypto market currently sits more than a third below its all-time high -- now looks like a great time to add a few cryptocurrencies to your portfolio.