Bitcoin

Technical Analysis of Bitcoin

May has been a very positive month for the cryptocurrency market so far, the price of Bitcoin is above $8 600 and this is certainly a positive thing for all other cryptos. In less than thirty days the price of Bitcoin has advanced from $5 400 to $8 958 and the current price stands around $8680. There is a positive correlation between the price movements of Bitcoin and other cryptocurrencies and as long the price of Bitcoins is above $ 7 000 the current positive trend remains intact. The highest price of Bitcoin was above $19 000, a number of reasons have pushed Bitcoin to record highs, such as legalization of the currency in Japan for payments, boosted interest from other big countries, as well as the conclusion of a debate about the future of the cryptocurrency. When we look at the 1-year chart we can see that Bitcoin is moving in “downtrend”.  Short term support and resistance levels are $ 8000 and $9 000 – If the Bitcoin jumps above $9 000 that would be a “BUY” signal and the open way to $9 500. If the Bitcoin jumps above  $10 000 that could be a strong signal of the trend reversal and the open way to $12 000. On the other side, if the BTC falls below $7 000 that will be a strong signal “SELL” signal and the next target could be around $6 000 or even $5 500.

Advice: The price of Bitcoin currently stands around $8 680 and there is a correlation between the price movements of Bitcoin and other cryptocurrencies. This is a highly speculative cryptocurrency and still very risky, I also think that there are lots of other cryptocurrencies with bigger potential and with less risk. It is important to do a lot of research and try to identify those currencies which are likely to fit together in an overall ecosystem, rather than trying to pick a single winner. As for the technical picture, if the price advances above $10 000, short-term traders can enter the position with the stop loss at $9 600 and take profit at $11 000 or even $12 000.

Technical Analysis of Bitcoin

Bitcoin is one of the best performers on the cryptocurrency market in the last several days, in less than five days the price of Bitcoin has advanced from $5 077 to $5 823. The beginning of May has been very positive for the cryptocurrency market so far, the price of Bitcoin is above $5 700 and this is certainly a positive thing for all other cryptos. Bitcoin is the first cryptocurrency to have existed and receive wide acceptance, it enjoys the support of both developers and users communities. Bitcoin cannot be stopped by the “hardfork” and this cryptocurrency can be accessed by everyone on the internet. The highest price of Bitcoin was above $19 000, a number of reasons have pushed Bitcoin to record highs, such as legalization of the currency in Japan for payments, boosted interest from other big countries, as well as the conclusion of a debate about the future of the cryptocurrency. When we look at the 1-year chart we can see that Bitcoin is moving in “downtrend”.  Short term support and resistance levels are $ 5 000 and $6 000 – If the Bitcoin jumps above $6 000 that would be a “BUY” signal and the open way to $7 000. If the Bitcoin jumps above  $10 000 that could be a strong signal of the trend reversal and the open way to $12 000. On the other side, if the BTC falls below $4 500 that will be a strong signal “SELL” signal and the next target could be around $4 000 or even $3 500.

Advice: The price of Bitcoin currently stands around $5 730 and there is a correlation between the price movements of Bitcoin and other cryptocurrencies. This is a highly speculative cryptocurrency and still very risky, I also think that there are lots of other cryptocurrencies with bigger potential and with less risk. As for the technical picture, the Bitcoin remains in bearish phase but if the price advances above $6 000, short-term traders can enter the position with the stop loss at $5 800 and take profit at $6 800 or even $7 000.

Technical Analysis of Bitcoin

The beginning of April has been very positive for the cryptocurrency market so far, the price of Bitcoin is above $5000 and this is certainly a positive thing for all other cryptos. Bitcoin is the first cryptocurrency to have existed and receive wide acceptance, it enjoys the support of both developers and users communities. Bitcoin cannot be stopped by the “hardfork” and this cryptocurrency can be accessed by everyone on the internet. This is a highly speculative cryptocurrency and still very risky, I also think that there are lots of other cryptocurrencies with bigger potential and with less risk. When we look at the 1-year chart we can see that Bitcoin is moving in “downtrend”.  Short term support and resistance levels are $ 5000 and $6 000 – If the Bitcoin jumps above $6 000 that would be a “BUY” signal and the open way to $7 000. If the Bitcoin jumps above  $10 000 that could be a strong signal of the trend reversal and the open way to $12 000. On the other side, if the BTC falls below $4 500 that will be a strong signal “SELL” signal and the next target could be around $4 000 or even $3 500.

Advice: The price of Bitcoin currently stands around $5 140 and there is a correlation between the price movements of Bitcoin and other cryptocurrencies. Investors who decided to invest in the Bitcoin when the trading was at its tiny fraction when compared to the highest price of this cryptocurrency, made the highest profit you could ever think of. The beginning of April has been very positive for the cryptocurrency market but all major cryptocurrencies are still under the pressure. As for the technical picture, the Bitcoin remains in bearish phase but if the price advances above $6 000, short-term traders can enter the position with the stop loss at $5 800 and take profit at $6 800 or even $7 000.

Technical Analysis of Bitcoin

The price of Bitcoin is again above $4000 but the cryptocurrency market is still under the pressure and for now, the “bearish” trend remains intact. Bitcoin is the first cryptocurrency to have existed and receive wide acceptance, it enjoys the support of both developers and users communities. Bitcoin cannot be stopped by the “hardfork” and this cryptocurrency can be accessed by everyone on the internet. The highest price of Bitcoin was above $19 000, a number of reasons have pushed Bitcoin to record highs, such as legalization of the currency in Japan for payments, boosted interest from other big countries, as well as the conclusion of a debate about the future of the cryptocurrency. When we look at the 1-year chart we can see that Bitcoin is moving in “downtrend”.  Short term support and resistance levels are $3 500 and $4 500 – If the Bitcoin jumps above $5 000 that would be a “BUY” signal and the open way to $6 000. If the Bitcoin jumps above  $10 000 that could be a strong signal of the trend reversal and the open way to $12 000. On the other side, if the BTC falls below $3 500 that will be a strong signal “SELL” signal and the next target could be around $3 000 or even $2 500.

Advice: The price of Bitcoin has been in the “bearish” phase since January 2018 but we can not say that the lowest price in December 2018 is the end of this phase. This is a highly speculative cryptocurrency and still very risky, I also think that there are lots of other cryptocurrencies with bigger potential and with less risk. As for the technical picture, the Bitcoin remains in bearish phase but if the price advances above $5 000, short-term traders can enter the position with the stop loss at $4 800 and take profit at $5 800 or even $6 000.

The State of Cryptocurrency in Africa

On the global index of the acceptance of cryptocurrency by continents, Africa sits just a place away from the continent at the bottom, but the problem is that Antarctica is inhabitable. So Africa is in fact the continent with the least popularity of cryptocurrency. On the world scale, there are over 2000 cryptocurrencies and every single day, more coins are still being created. But only few of these currencies are in Africa, with the most popular ones being Bitcoin, Litecoin, Ripple, Ethereum and Dash.
If there is anything that has hindered the general acceptance of cryptocurrency in Africa, it has to be the volatility of the market. It can be generally said that changes in prices that the average American or European might not see as significant means a lot to an African. For example, a US dollar is an equivalent of 360naira (Nigerian).  During the first week of 2018, Bitcoin traded at $20,000 USD, and there were a lot of bullish prediction on this coin, with some self-acclaimed prophets predicting $75,000 in value. We all know what happened to Bitcoin about a week later. By the end of 2018, Bitcoin had experienced what is now called crypto winter, trading at %3,700 USD. All these figures are a lot of money for a continent with a lot of people living below a dollar per day. So yes, the mass cannot afford to put in money into cryptocurrency, and even if they could, the volatility of digital currencies scare them. But then again, who isn’t scared?
This does not mean that there is no prospect for digital currencies in the continent. As a matter of fact, some countries in the continent are working on owning cryptocurrency assets and Bitcoin ATMs are now in countries like South Africa. To get a clearer picture of the state of cryptocurrency in Africa, I will now proceed to analyze headlines that are currently making the rounds.

Africa Countries and Digital Currency

 
There are 54 countries in Africa. Out of these countries, South Africa and Swaziland are leading on the acceptance scale. South African seems to be ahead of every other country in terms of acceptance as it is the only country that has Bitcoin ATMs installed. Also, with its unrivalled technological advancement in relative to other African countries, the country is currently host to various cryptocurrency and blockchain start-up projects.
Senegal and Tunisia as sovereign states are recorded to be the earliest adopters of cryptocurrencies. In 2015, Tunisia started issuing the world’s first institutionalized digital currency; eDinar. Although the digital currency has not made the waves that it was expected to have, it is a proof that the government of the country, and the citizens as a whole are aware of the importance of digital currency. Senegal on the other hand issued eCFA in December 2016, a digital currency equivalent of CFA franc, the national currency of the country.
Most of the east countries in Africa seems to be on reserve. Rwanda for example is said to be carrying out research on the potentials of cryptocurrencies and how they could harness these potentials. But in general, most of the governments and central banks in Africa have so far taken the ‘wait and see’ stand as regards cryptocurrencies. It is almost like they are waiting for their European or America counterparts to experiment first before they can join the bandwagon. If there is anything we know Africa for, it is the fact that they do not like failure.

Africans and Digital Currency

 
Bitcoin is the most popular among Africans. It is said that cryptocurrency is not a term in Africa, they rather stick to Bitcoin as the generic name. Although the exact amount of holders of cryptocurrency cannot be ascertained, data from top exchange companies places it above three million holders. Out of these holders, South Africans and Nigeria are the leading holders.
There has been crypto projects that are targeting the unbaked in Africa, among many other projects like the healthcare crypto projects, logistics crypto projects and a whole lot more. If there was any reason why cryptocurrencies were appealing to Africans, it has to be the general perception that it was an unregulated cryptocurrency, totally independent and free from Government interference. But as it stands, the future of cryptocurrencies seems to be gearing towards regularizations by top exchange and security companies. However, this might not in any way affect the investors in Africa. The acceptance is on the rise, and the future looks bright.

Becoming rich as a student through Cryptocurrency

Since its inception in 2009, the cryptocurrency market has created a lot of millionaires. Introducing the world to new set of technology that poses a threat to the traditional way in which we handle financial contracts. But digital currency in itself is not different from the traditional investment schemes like stocks and bonds. In fact, it has been proven to be a more unstable and volatile when compared its alternatives. Hence, the general opinion that it is a get rich quick scheme is not true. However, this does not in any way change the opportunities that exist for investors. Just like every other commodity, everybody with the right money can invest in it; including students.
So, how do you leverage these opportunities as a student to become rich?

  1. Buy/Trade a Cryptocurrency

 
As a student, your first option to getting rich trough cryptocurrency is by buying or trading in cryptocurrency. You have to own it before first. I know that students are laced with academic expenses and all that, but nobody got rich in investing without making sacrifice. You can start by investing your pocket money, or the little change you get when you do part-time work. There are a whole lot of exchange platform in which you can buy cryptocurrencies even in their smallest fractions. One of them is Coinbase, an exchange platform with a top notch user interface. It is unarguable the best exchange for starters in crypto buying and trading.
Now, when you buy cryptocurrency, you have to hold it till it appreciates. Or sell it when it is depreciating. But we all hope for appreciation, so you have to start by investing in cryptocurrencies with high prospects. However, you need to be careful as cryptocurrency is a volatile commodity. Heed to the number one advice in investment; do not invest more than you can afford. As a student, chances are you might not be able to invest much in cryptocurrencies in the top market index. You can start like the current Bitcoin and Ethereum millionaires started; by investing in initial coin offerings (ICOs).
Crypto projects raises capital for their tokens through the use of ICOs. They sell these tokens at a very low price, most of which are at no cost. After this, it begins to appreciate or depreciate. If you pick the right project ICO, changes are you can make over 1000% profit of your investment in a matter of months.

  1. Accept Payment in Cryptocurrency

 
Do you have things to sell? Are you currently working for someone? Are you being pad to tutor other students? Accepting cryptocurrencies for payment is a sure way to be holders. However, you have to take note of the currency that you are accepting. It is advisable that if you must accept payment, it should be with the cryptocurrency projects that are on the top five of the market capitalization list. Imagine a student that was accepting payment in fractions of Bitcoin over his stay in school for whatever part-time job that he was doing in 2014. Chances that he would own about 20 Bitcoins by the end of his stay in school are high. And then when you consider the bullish rise in Bitcoin during the years that follows, you will know that 20Bitcoins is a whole lot.
With a little research, you can find buyers and employers that are willing to pay and make transactions with cryptocurrencies. Your job however is to determine what the service you are offering will cost and its equivalent in the cryptocurrency that is being used for the transaction. You can also sign up for competitions that rewards with cryptocurrencies.

  1. Blogging

 
There are millions of people out there looking for the right information that regards cryptocurrency. Ethereum founder, Butterin was a blogger before he started his company. I am not suggesting that you become a blogger to build your own company; rather I am saying that blogging can make you rich with the right content. Owning a website and blogging requires little or no investment apart from your time and dedication.

  1. Start a Crypto Project

 
Yes! Ethereum is among many other cryptocurrencies that had their beginning stages rooted in when the eventual founders were students.  With the recent boom in ICOs and dApp platforms, launching your own cryptocurrency on an established blockchain like Ethereum has become easy. Now we have crypto coins in the healthcare sector, in agricultural sector, the educational sector and even the governmental bodies are not left out in it. Although we have to agree that being rich should not be your first concern when starting a cryptocurrency project. You could also start an exchange company you know?
There we have it, my super list of how to get rich through cryptocurrency. As established earlier, cryptocurrency is not a get rich scheme. Do not invest what you can’t afford to lose.

Top Crypto Investments That Will Yield 1000% by 2025

What will cryptocurrency be in the future? What will your crypto investments worth in about 6 years from now? In no particular order we will discuss the features & future of some “currently” top cryptocurrencies. And in no particular order our first cryptocurrency will be:
 

ZCASH

 
Its genesis dates back to 2013. Zcash was formerly known as Zerocoin and was invented by a team of scientists; Matthew Green, Ian Miers, Christina Garman, Aviel D. Rubin
Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Just like Bitcoin, it is based on a decentralised blockchain but allows for anonymity behind all transaction amounts and the parties involved. In Bitcoin if you know someone’s address you can follow their transactions and you can see all their addresses and their transaction amounts. Its quite clear how much money is moving around, with ZCash all the information is encrypted.
 
Yes! Zcash has caused a lot of controversy with its cryptocurrency distribution methods but this is because the organisation is not set up as an open source community but as a Company. This is the first major difference between ZEC and other cryptocurrencies such as the ethereum. Another very distinct difference is how they plan on rewarding  investors and workers in the Company. They plan on doing this by a tax on mining rewards called “Founders’ reward.”
 
Currently, the Zcash is at about $449 but experts believe that Zcash has the potential to fill the void left by the declining off-shore banking sector and to gather much more persons across different financial backgrounds into its fold and not only wealthy elites. Some perosns have even posited that the Zcash price would reach $6,289 at only one percent of the global off-shore wealth. That alone is an over 1000% increase from its current price level. Following this predictions, the Zcash could reach a peak of about $62,293 or more by 2025.
 

DASH

 
Rated as the 15th most valuable cryptocurrency, DASH brings alongside lots of promises; it is noteworthy to mention the fact that Dash is not subject to the pressure of mining cartels or feuding core developers and this goes to show that its appreciation could as a matter of fact, stabilize in a couple of years. We believe that DASH would receive more acceptance in the 2020 and upwards especially for peer-to-peer transactions such as money transfers. We also believe that if DASH’s superior blockchain makes it easier to carry out transactions, it could see its price going up to the $1,000 range. As we know, one of the most interesting feature of the DASH coin is its ability to transfer funds to prepaid debit cards with much more ease as compared to other cryptocurrencies. For 2025, if the DASH coin can continue to be an investment commodity and enjoy greater circulation and stability, we certainly will see the DASH coin reach a high of over $1,500. That would be over 1000% of its current price level.
 

ETHEREUM

 
Ethereum was invented by Vitalik Buterin and is known to run on smart contracts and accelerates hash time and consequently reduces processing time for transactions. The smart contracts enabling system of Ethereum has been widely accepted and adopted. It is now the second most valuable cryptocurrency and its popularity is expected to increase as it becomes adopted by more and more persons.
If we were to assume that both bitcoin and ethereum represent half the worth of the crypto market each having 25% (1,137,500,000,000), and then we divide this amount into 100,000,000 (the maximum amount of Ethereum to be in circulation) we will find the value of one Ethereum to be $11,375. However, on the long run like in 2025, most experts believe that the value of ethereum will be $30,000 seeing that ethereum is for a non-profit initiative; and that Ethereum is regulated by the forces of demand and supply and the demand for Ethereum is steadily increasing. So by 2025, citeris paribus ethereum will be 1000% more than its current value now.
So there you have it. That’s our list of top cryptos that will yield 1000% and more, though we know that other cryptocurrencies can yield good investments within the said period, but this post solely focuses on those crypto investments that would increase the yield by over 1000% more.

Why You Should Invest In Japanese Cryptocurrencies

The bullish rise in value of the cryptocurrency economy in 2017 was recorded to have been majorly influenced by countries from Asia. China for example was the biggest player in the Bitcoin market as it controlled 80% of the global trade volume of the creation of Satoshi Nakamato, but that was before the Chinese government started cracking down on digital currencies as a whole. If you can recall, you will be familiar with the famous ban on ICOs by the country which also triggered the closing of the biggest cryptocurrency exchange companies in the country. This led to China forfeiting their number one position, thereby giving other countries within the Asia continent to shine. Countries like Singapore, Indonesia and South Korea have cryptocurrency economy that is worth watching out for currently, but Japan among these countries has emerged as the next force.

World Power Status

Japan is an emerging world super power. Its national currency (Japanese Yen) in the cryptocurrency market is currently the second most traded currency, trailing just after the US dollar which is number one. As at January 2019, the Japanese Yen accounted for 57% of Bitcoin, and US dollars accounted for 28.4%. It is thus clear that although the US dollar is the overall leader in cryptocurrencies, Japan has overtaken China as the global leader in Bitcoin market. In April 2017, the government recognized Bitcoin as a form of payment. It then gave approval to about ten cryptocurrency exchanges companies to operate. The country even has a themed girl group called ‘The Virtual Currency Girls’. The Virtual Currency Girls is an eight member group whose members are representatives of eight different cryptocurrencies. All these developments are not as a result of chances; rather they are as a result of the approach in which the Japanese government has adopted in their dealings with cryptocurrencies. It is the first and only country which an institutionalized legal system that is regulating the trading of cryptocurrency, hence it provides the safety needed for investors who have nurtured concerns on trustworthiness of exchange companies.
 

Embrace of Cryptocurrency by Government

In macroeconomic terms, the embrace of cryptocurrency makes sense. Japan has taken time to recover from its so-called ‘Lost Decade’ of economic stagnation. Its relatively low growth and high savings rate make cryptocurrency an attractive option. While a trailblazer in tech development, Japan and its authorities are notoriously conservative when it comes to financial innovation. The government’s forward-looking attitude to virtual currencies may in fact be a reaction to that. The use of blockchain has given Japan an opportunity to shake things up a little and push local banks into more aggressive development. At the same time, the state’s proactive approach to regulation is also a way to keep crypto trading under centralized control.
Since the legalization, Japan has enjoyed what seems to be an endless cryptocurrency boom, with massive yields in retail investor interest and over-the-counter (OTC) services. Trading is not just their strong points as their trading companies are some of the best in the world; the country has also been a destination for testing of blockchain innovations. It is a general saying that most crypto currency start-up companies have higher chances of surviving through their first year if they have their market in the Japanese cryptocurrency market. They’re not just making strides when it comes to trading. Japan is also becoming an important testing ground for blockchain innovation. For example, the Japanese government in a bid to demonstrate their support for blockchain and cryptocurrency gave a go ahead for the partnership of Hitachi and Tech Bureau to build a blockchain system that runs on NEM-based Mijin Blockchain platform.
Currently, the issuance of ICOs is currently banned in Japan. And due to the regulation of the exchange companies in the country, the numbers of crypto coins that are traded in the market are limited. However, some of the top cryptocurrency companies in Japan include Coincheck, Bitflyer, Ginco, BitPoint, Tech Bureau and a host of others. Experts say that the best is yet to come for cryptocurrency in Japan as there are a lot of cryptocurrency projects that are being generated. With such backing from the government and a willing customer base reach, one cannot deny the fact that investing in Japanese cryptocurrency market is a gold mine.

HOW IS BINANCE FAIRING TODAY?

While Binance is one of the newest cryptocurrency exchanges available in the crypto market, it has quickly attained a high level of trust from its users and the digital currency community as a whole. Although the exchange fails to provide users with enough information on how the funds are being secured, we like to believe that security is treated on a serious note. The two-factor authentication (2FA) is available and it is always a reaffirming sight. It is however known that the platform offers a multi-tier system architecture.

Setbacks

Some hackers tried to pull off an audacious move which was detected by the automated systems in place at the exchange. For months the hackers had been said to be accumulating people’s logins via a phishing website and secretly installing API access on the affected accounts. After which they struck, converting all the victims’ altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point. After which they withdraw the BTC to their own wallets. Luckily no one lost funds as the hack was detected on time and the only people to lose out were the hackers, whose funds would be donated to charity.
 
This hack was made possible by people entering their site logins and 2FA details into fake websites. Please, do well to always make sure you are on the correct Binance url before logging in. I recommend you bookmark the site and only use that to access it. Never click links from emails, Twitter, Telegram etc. As always, take safety precautions such as using a unique password for signing up, switch on 2-factor authentication and try not to hold a large balance on the exchange itself for too long – remember to withdraw your currencies to your own private wallet.
 

Aftermath

Nonetheless, this event has done a lot to instill confidence around Binance, not only did their automated processes detect the attempted hack before anyone lost any funds, they have since offered a $250,000 bounty to anyone who can help catch the hackers. Throughout this event, Binance acted exemplary and has been praised for their swift action in resolving this.
 
Binance is a popular cryptocurrency exchange which was started in China but moved their headquarters to the Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. While the company is still fairly new on the market it has managed to gain a lot of popularity thanks to its impressive number of Initial Coin Offering listings, professional attitude and also due to its low trading fees.
 
Recently, Binance began plans to launch their own Decentralized Exchange (DEX):The BNB digital asset is now an ERC-20 token, which will migrate as the native token of that network and be used for paying the trading fees on the new exchange
More to that is the fact that BINANCE is partnering with Neufund to build the world’s first Decentralized Stock Exchange. Alongside the Malta Stock Exchange, they are aiming to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets.
 
On the 16th of January 2019, Binance announced the launch of a new Fiat to Crypto exchange named Binance Jersey. The trading platform is live and active and allows you to trade in fiat currencies such as euros and pound sterling, with Europe being their target market.
Currently, it is one of the fastest exchanges available in the market (1.4 million orders per second). Additionally, the exchange works on all forms of devices, including web, Android, WeChat, and HTML5. Even Non-English speakers will be happy to know that Binance offers multiple-language support in Chinese, English, Korean and Japanese.
 
Based on everything that has been outlined so far, Binance is undoubtedly the leading Cryptocurrency Exchange and offers great fees and awesome digital currency support. Not only do they have one of the largest selections of coins to buy, but they are also the largest exchange by reported volume. Binance reportedly has access to abundant resources and partners, chances are that Binance will continue to evolve and offer great digital currency exchange services to its clients. We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges.
Moreover, they are well regarded in the cryptocurrency community for professionalism and security. While hackers have tried on countless occasions to breach their systems, they have remained one step ahead.

Top 5 Countries with the Highest Crypto Investors

The technology behind blockchain and cryptocurrency is built on a trustless platform. Hence it is a web transaction that cannot be traced, and we cannot know the exact amount of investment that individuals have. Most people believe the amount of crypto coins available today is a hoarse. They believe that cryptocurrency funds, exchange and mining firms play the role of whales in the industry, capitalizing on the trustless platform of the technology and using it to control small investors.
While there are whales in some cryptocurrency projects, it is not true that exchanges and mining firms play the role of whales in the market. And what better way to know than to check their user base data. Most of these exchange and mining firms have data like country and IP address of their customers. And from these data, one can conclude that through the collective investment in cryptocurrency by residents of different countries, they have placed these countries on the map. Even though cryptocurrency still have a long way to go in terms of global acceptance, one cannot deny that these investors are have contributed to the level that we are in today. I have taken my time to write about the top 5 of these countries.

The United States

The United States is home to a lot of cryptocurrency exchanges, mining firms, trading platforms and blockchain oriented companies. It is also the number one country on the global scale of the installation of Bitcoin ATMs with over two thousand (2,000) Bitcoin ATMs installed as at December 2018. All these activities and endeavors could only mean one thing, the American population accepts cryptocurrency. Well, it depends on what we mean by population though, because only 8% of the American population is said to be holders of Bitcoin alone. This of course is a big deal, considering the population of Uncle Sam’s country.

China

If there is anything on cryptocurrency that China has been in the news for, it is the constant crackdown on cryptocurrency activities. But that is just the story of the Government of the people of China as the country is still one of the leading countries in terms of digital currency trading. It some of the world’s leading exchanges and the citizens in this country are known for their mining activities. It is generally believed that most Chinese miners tend to move their residential houses and offices closer to power plants because it is cheaper in terms of cost to mine cryptos. Also, recent trends reveals that Chinese government are working on various blockchain technologies, one cannot tell if the crackdown will continue, but the investors will definitely reduce if it does.

Romania

Romania is home to numerous programmers and developers who are mostly freelancers. It also plays host to many firms and businesses that are big players in the IT industry. It therefore won’t come as a surprise to anyone that it has a lot of investors. About 12% of the residents of Romania are said to be holders of at least one cryptocurrency, and guess which cryptocurrency is the most important… Bitcoin.

South Korea

South Korea is the second Asia country on this list. Unlike China, the government of South Korea is not hostile towards cryptocurrency. Most people say that the crackdown of China on cryptocurrency caused the drift of investors from the country to South Korea. South Korea is a country with eyes for the technological company, hence it plays host to lots of exchanges and cryptocurrency businesses. Most of the exchanges in South Korea are restricted to the country alone, this means that there are enough investors. As always, Bitcoin is number one on the list of the most held cryptocurrency in this coutry.

Japan

There is a large number of acceptances of cryptocurrency in Japan. It is one of the few countries that has recognize cryptocurrencies as an institutionalized means of payment. This has in some ways increased the number of investors in this country as there is little or no restrictions that stops them from engaging in cryptocurrency market transaction within and outside the country. The exchanges in Japan are known for the swiftness in which they process transactions.