When I first became interested in cryptocurrencies, I felt almost lost among so many foreign terms.. Where should I start? What are the most basic words that I need to research and keep in mind? What useful resources can I draw on? This cryptocurrency guide you are reading was written in less than an hour and will give you an idea of ​​what to hope for on your cryptocurrency journey and guide you on how best to start it.. Enjoy, because this can be the exhilarating journey of your entire life.

The Rise of Cryptocurrencies

As society’s technology literacy grows, cryptocurrencies are accepted as a viable storage medium of value. started to be made and there was even an explosion in this regard.. Headlines such as “Bitcoin price breaks all-time record” or “Ethereum price continues to rise” have become frequent news feeds followed by the general public.. We know that people who were once skeptical of Bitcoin and the technology behind it are gradually becoming familiar with cryptocurrencies and are becoming more and more interested in the field.. At the time of writing this article, the total value of the entire cryptocurrency market was around $147 billion.. Just a few months ago, this market wasn’t even worth $100 billion.. Who knows how long it will be in a few months from now.

The Current Structure of the Cryptocurrency Market

You may have heard of Bitcoin and alternative coins.. These denominations began in 2011 with the emergence of bitcoin derivatives coins.. Each crypto currency, which is an alternative to Bitcoin, emerged to be used in its own specific field, and each began to claim that they are better than bitcoin.. Since then, countless new alternative cryptocurrencies have emerged in the cryptocurrency market and bitcoin’s market dominance has disappeared.. These sub-trades are gaining market share at a tremendous rate. More than tenfold growth has been observed in just six weeks.

Cryptocurrencies, Stocks, and Official Currencies

Currencies you know are cryptocurrencies referred to as “fiat”, that is, legal money with no monetary value.. Although cryptocurrencies carry the phrase “money” in their name, they are more similar to stocks than normal coins.. When you buy a cryptocurrency, you actually buy a kind of technological stock and you become a part of the blockchain chain and network.

How to Buy Bitcoin?

How to Buy Bitcoin? The most common place to buy and trade currencies is the exchanges where these coins are sold.. In other words, websites where you can buy cryptocurrencies using your regular money.. There are many factors by which you can measure the reliability and quality of such a website.. For example, factors such as liquidity, site reputation, transaction fees, trading and withdrawal limits, transaction volume, security, insurance, user-friendliness. When we take all this into account, Coinbase can undoubtedly be shown as the best website to buy and sell cryptocurrencies.. It has a user-friendly interface for beginners and offers an unrivaled 100% crypto insurance. However, since Coinbase does not allow trading from Turkey yet, it is possible to buy bitcoins in Turkish Lira from the Paribu website instead and transfer these bitcoins to Coinbase.. Basically, the reason we use the Coinbase site is that this site is reliable around the world and offers free transfers to many sites where we can buy and sell.

After creating an account on the Paribu website and defining your bank account information, you are just a few steps away from buying Bitcoin. :

• Click on the easy buy-sell section.
• Enter how much bitcoin you want to buy.
• Click the BUY BTC button .

Congratulations, you now have Bitcoins!

Once you are familiar with buying Bitcoins, you may want to convert them to other cryptocurrencies. For example, you may want to sell bitcoin and buy it in exchange for other alternative currencies such as Ethereum, Ohm, MorningStar, Neo, Ripple, LiteCoin.. For this, you can transfer the bitcoins that you bought through paribu and transferred to your Coinbase account to the GDAX site without paying any transaction fee.. Think of Coinbase as a bitcoin buying platform and GDAX as a bitcoin trading platform.. Transfers between these two are instant and free.

You have gradually become familiar with other alternative cryptocurrencies.. Websites such as Bittrex, Polo, or NovaExchange are also the main websites where you can trade cryptocurrencies.

When registering on these websites for the first time, submit the necessary documents from the beginning so that when a serious trading opportunity arises, you can purchase these documents while dealing with them. you won’t miss the opportunity to sell. It may take days for your membership to be approved on these websites, and your trading limits will gradually increase as you trade.

An additional point to note: If you are using a currency other than US dollars, check that your money can be easily deposited and withdrawn from this site.. If you don’t want to deal with this, you can visit your bank and open a foreign currency account in addition to your account.. You may encounter some restrictions when transacting with TL.

Cryptocurrency Wallets

The websites mentioned above are online stores where you can store your cryptocurrencies. has wallets. However, those who are worried that online sites may be hacked may not want to keep their money on these sites.. If you do not want to keep your money on these sites, you can use the myetherwallet.com service where you can do offline transactions or transfer them to usb-style devices like KeepKey.. Both eliminate the risk of online platform.

To transfer your money to offline usb wallet for long-term storage, follow these steps:

Connect the KeepKey USB cable to the computer.

Open the KeepKey client from Google chrome applications.

Find your wallet address in the Keepkey client.

Enter your wallet address that you have buried in KeepKey in the Send/Request section on the Coinbase site.

Confirm the transaction by clicking Send Funds.

It will be even safer if you check that the system is working by trying to send a test amount (like 0.0001 bitcoin) beforehand.. Keep in mind, a small transaction fee may be charged

Also, due to the nature of this physical wallet, you can store many different types of cryptocurrencies.

Bitcoin and its companions continue to lose value. The market volume of cryptocurrencies decreased from the levels of 170 billion dollars to 100 billion dollars in a few weeks. With the information that the transaction volume would be limited, it regressed to the level of 3900 dollars. The crypto coin continued to lose afterward, and J.P. With the statements of Morgan CEO Dimon, the rapid depreciation continued.

Along with Bitcoin, coins such as Ethereum, OmiseGo, Litecoin, Bitcoin cash, ARK coin, Monero, Bitconnect, Ethereum Classic, NEM also lost value.

Bitcoin, which lost value with the repeated blows it received from the international market, J.P. Morgan’s CEO was accused of fraud, and it was also on the agenda with the hacking news in North Korea.

US retail giant Walmart continues to test Blockchain technology. The giant company is seeking to patent a system that uses this technology to track deliveries by drones.. The same technology is also used by cryptocurrencies such as Bitcoin and Ethereum.

Will Walmart, working on the blockchain, also accept Bitcoin payments?

Retail giant Walmart’ The work of Blockchain technology brought another question to mind: Will they accept Bitcoin payments?. This question will remain unanswered for a while, but it is not difficult to predict that Walmart, which is already interested in blockchain technology, will be one of the first global giant companies to accept Bitcoin payments.

Dash joins cryptocurrencies with a market value exceeding Billion$. With a market cap of $1.1 billion on the charts on May 24, Dash became the seventh cryptocurrency to surpass the $ billion mark.. Although it saw $150 at the highest exchange rate yesterday, it closed the day at $130.

Reasons behind Dash’s rise

Dash’s highest price in January The exchange rate was recorded as $11 and rose above $100 in March as it remained stable.. Earlier this year, Dash released a piece of software codenamed Sentinel.. This update had many innovations, from improved speed to a stable and robust management system.

As a result of its connection with Coinapult, more than 20 different currencies including Dash, USD, CAD, GBP, CNY and EUR. became exchangeable with unit. In addition, AvaTrade announced that it will add Ethereum Dash and Ripple to its trading platform.

Increasing stable coin supply in cryptocurrency markets draws attention. Total stablecoin supply approached $8 billion. Especially the increase in Tether supply does not escape attention.

On the increasing supply of stable coins

Legendary economist John Maynard Keynes Macro He is known as the father of economics.. Keynes’ “General Theory of Employment, Interest and Money” is among the first works of macroeconomics.. Keynes’s “Liquidity Preference Theory” is one of the important theories explaining the demand for money.. The Liquidity Preference Theorem provides explanatory information about the stable coin supply, which has increased recently in crypto money markets.

According to Keynes’ Liquidity Preference Theorem, there are 3 important motivations that affect people’s money demand:

• Demand for transactional money: Amount of money held for daily use.
• Precautionary motive: Amount of money demanded for unexpected and urgent needs.
• Speculation motive: Amount of money held to evaluate possible investment opportunities.

There is a positive correlation between demand for money held and income with transaction and prudence motivation. there is a relationship. In other words, as the income level increases, people demand more money with the motive of transaction and prudence.

Please See: Look at stable coins to see the future of money

With the motive of speculation There is a negative relationship between the amount of money held and interest rates.. Considering that today’s interest rates are at a very low level, the amount of money demanded with the motive of speculation must be extremely high.. Also, stablecoins are cryptocurrencies like Bitcoin, as they are released on a blockchain system.. Below we see the total market value of the most traded stablecoins in the crypto money markets.

Tether (USDT): $6.4 billion

USDC

strong>: $0.73 billion

PAX: $0.27 billion

According to CoinMarketCap data, Tether is one of Bitcoin, Ethereum and Ripple in terms of total market cap. 4th most valuable cryptocurrency after. In terms of transaction volume, the currency with the highest transaction volume. Being a bridge currency is effective in the high transaction volume of stable coins.. For example, when an investor with Ripple wants to buy Bitcoin, they first convert their Ripple to Tether.. Afterwards, this investor holds Tether and waits for a suitable time to buy Bitcoin.. How much does the amount of Tether demanded during this period coincide with the speculation motive in Keynes’s Liquidity Preference theorem and the amount of money demanded, right?

The following clip about Keynes may interest you:

After the Corona Epidemic was declared a global pandemic by the World Health Organization, volatility in the crypto money markets increased tremendously. In the extremely volatile cryptocurrency markets, the demand for money for speculation is turning to stable coins, especially Tether.. The increasing stable coin supply draws attention.

Please See: Stable coin transaction volume broke a record in the first quarter of 2020

Meanwhile, Keynes’ Employment, It is worth remembering that he wrote the General Theory of Interest and Money during the Great Depression (1929-1933) and released it in 1936.. Nowadays, it is spoken that in our world where the Corona Epidemic is effective, a crisis similar to the Great Depression will occur again.

Source

Jameson Lopp, one of the software engineers of the Blockchain security company BitGo, which was founded in 2013, wrote that if the 7-year trend continues, the Bitcoin price will be 250 thousand dollars in 2020.

According to the account that Lopp published on his personal Twitter profile, Bitcoin, Mt.. Gox scandal, it has consistently increased positively in daily value change since 2010.

Bitcoin has increased by 0.09, 0.22 and 0% in the last 3 years in 2015, 2016 and 2017 respectively. increased exponentially by .66 percent. In 2017, Bitcoin increased by 0.66 percent per day due to its rise from $ 980 to $ 2750 in six months. it will be. This assumes an average daily value increase of 0.42 percent.

Wishful thinking: if 7 year trend of +0.42% per day continues then 1 BTC will be valued at over $250,000 in 2020. https://t.co/40ofMJtU6J

— Jameson Lopp (@lopp) June 6, 2017

But Bitcoin’s value is linear cannot be predicted based on a calculation and graph. Price changes in Bitcoin depend on many factors and cannot be calculated according to a certain formula.

Petersen said ‘100 thousand dollars’

On the other hand, regarding the future of BTC, there has been a lot of media coverage recently. frequent comments and analyzes began to appear. Kay Van-Petersen, an analyst at Saxo Bank, told CNBC that the value of Bitcoin will reach $ 100,000 in 10 years.. Petersen is a name to be reckoned with as he accurately predicts BTC will exceed $2,000.

Cramer ‘rocks unsupported’: $1M

Petersen’s with solid data In addition to the predictions it supports, there are also those who shake it without support, so to speak, like Jim Cramer.. Cramer stated in a program broadcast on CNBC screens that the value of Bitcoin could reach up to 1 million dollars.

2017 was a year in which both cryptocurrencies and investor interest peaked. Research shows user-generated passwords are too weak. That’s the fault of exchange managers, who allow unsafe passwords..

How Strong Are Your Passwords?

Anyone who has used cryptocurrency exchanges knows, creating strong passwords is a must for some platforms, but not for others. In a study by Darshlane, it is seen how user experience is shaped by exchanges.. Survey shows users are using not-so-secure passwords. Examining password and account security on 35% of the largest exchanges, 70% of users created passwords that were simple enough to endanger their deposits.

Security Criteria

Despite the growing interest in cryptocurrencies Most exchanges fail to provide secure password and account protections for their users. These insufficient levels of security unfortunately put millions of users’ cryptocurrencies at risk.

Critical Passwords: 43% of exchanges allow users to create accounts using a password of seven characters or less. 34% do not require an alphanumeric (a combination of alphabetic letters and numbers) passwords. Testers created accounts with weak passwords such as “12345” or “password” and used only the letter “a” at a time.

In addition, less than 50% of exchanges at the time of account creation, found that it provides tools to increase password strength.

AltStandardSecurity : Not only on cryptocurrency exchanges, but also on sites such as Apple, Facebook and PayPal, only 36% of users got an unsuccessful score. This rate is 71% according to 2018 data on cryptocurrency exchanges

An industry that prides itself on blockchain technology seems to take weaker SECURITY measures than an average website when it comes to password security.

Cryptocurrency Exchanges Must Have Top Security

The first thing you should do when you sign up for an exchange for the first time is enable 2FA (two-factor authentication) . Every legitimate exchange implements 2FA.

You can keep your Cryptocurrency and other accounts safe with a few simple steps.

• Use a unique password for each online account
• Use at least 8 characters
• Create a password with a mix of case sensitive numbers and special symbols
• Avoid using passwords that contain common phrases, slang, places or names

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• Use a password manager to help you create, store and manage your passwords.

The following is a password generation chart based on 5 criteria.

Exchange 8+ characters letter and number strength E- post 2FA Total points Bitcoin.de Y Y Y Y Y 5 BitMEX Y Y Y Y Y 5 BTCC Y Y Y Y Y Y 5 Cobinhood Y Y Y Y Y 5 Coinbase Y Y Y Y Y 5 Cryptopia Y Y Y Y Y 5 Gemini Y Y Y Y Y Y 5 Huobi Y Y Y Y Y 5 itBit Y Y Y Y Y 5 Paxful Y Y Y Y Y 5 Paxful Y Y Y Y N Y 4 Yex Yex 4 Yex Yex N- Y Y 4 Gate.io N- Y Y Y Y 4 sea monster r Y Y N- Y Y 4 KuCoin N- Y Y Y Y 4 Livecoin Y Y Y N- Y Y 4 Qryptos Y Y Y N- Y Y 4 xCoins Y Y N- Y Y 4 YoBit Y Y N- Y Y 4 Bibox Y N- N- Y Y 3 Bit-Z N- Y N – Y Y 3 CEX.io N- N- Y Y Y 3 Flat N- N- Y Y Y 3 Coinmama N- Y Y Y N- 3 HitBTC N- Y N- Y Y 3 Lbank N- N- Y Y Y 3 LocalBitcoins N- N- Y Y Y 3 Poloniex Y N- N- Y Y 3 Changelly N- N- Y N- Y 2 Coinexchange.io N- N- N- Y Y 2 Exmo N- N- N- Y Y 2 OKEx N- N- N- Y Y 2 Simex N- N- N- Y Y 2 CoinsBank N- N- N- N- Y 1

Bitcoin, which lost value with the ICO ban in China and the transaction restrictions on the Chinese stock market afterward, also gave J.P. With the statements of Morgan CEO Dimon, it dropped from $ 5000 to $ 3000 in a few weeks.

Cryptocurrency has increased in value by 11.83% today.

With this increase, the market volume of Bitcoin increased to $ 63.8 billion, while the addition of other altcoins With this, this amount rises to 135 billion dollars.

Companies that want to take their place in the changing world order started this change with their logos. Many companies have launched their new logos from the first days of 2021. After KIA, Peugeot, Nissan, the last one to join this trend was the French automobile giant Renault. We have compiled a list of some companies that have changed their logo before.

New Renault logo introduced

Considering the logo changes in the company’s history, the new Renault logo, which is similar to the 1925 and 1972 designs, divided the car lovers into two. While one part said that the logo was aesthetically pleasing, the other part stated that the design lagged behind the old logo. Focusing on the production of electric cars after the environmental decisions taken by the European Union, Renault reflected its changing understanding on its logo. The new Renault logo, introduced at the Renaulution event, fell like a bombshell with its 2D appearance. and it was a difficult phase for us. The positive messages we received regarding the design ensured the immediate progress of the logo change. The comments we received were motivating. ”.