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Teenager turned $1000 into $1 Million through Bitcoin trading

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Eddy Zillan, a teenager who started investing in Bitcoin in 2015 when he was 16, said that he started with just $1000 from his savings through summer jobs, turned his investment into $1 Million in 2017, thanks to smashing rally in bitcoin prices in 2017.

The Ohio based teenager was an early adopter of the bubble and bust digital currency, he invested in 2015 when bitcoin’s price was as low as $214 following a prolonged bear market.

Zillan is now running his own Crypto currency consulting firm with the name of Crypto Currency Financial and consulting clients on how to invest and trade in this market. Zillan mentioned that education and awareness is very important in this market because lot of people don’t even know what crypto currencies are all about. So he is educating and guiding clients on how they can invest in the market for the best possible returns through bitcoin trading.

How he started all this?

Eddy said that start of Bitcoin trading was an educated guess, but later on he started some serious work on it from the limited sources that he had at that point of time.

“I then started using analytical data, market research, reading books, articles, technical analysis, and finding out information through other successful traders,” he explains.

“At the time that I learned about bitcoin there were no YouTube videos, tutorial videos, or anything of this sort.

“I completely taught myself everything about the market that was necessary and I can only attribute my success to myself. I had no mentor and learned from making mistakes and a lot of research.”

Bitcoin market gave opportunity to many investors around the world, many people said that bitcoin is a bubble and will burst someday, we don’t know when that “someday” will come but till then Bitcoin is proving every critic wrong by smashing all records.

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Crypto market stabilizing gradually

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Crypto market is stabilizing around $450 billion market cap after gradual increase in overall value in recent weeks.

Leading crypto currencies are on the rise, lead by Bitcoin, Ethereum, Bitcoin Cash and Ripple. Although increase in bitcoin value is less as compared to other crypto currencies but overall market is on rise with current market of $440 billion.

Bitcoin is currently hovering around the $9300 mark after being rejected at $10000 mark couple of times in last days, Ethereum is on the charge as well but the most surprising one is Bitcoin cash. Bitcoin cash was at $600 couple of weeks ago and now at $1600, shows rapid growth in recent weeks.

EOS

Crypto currency of the month has to be EOS, investors of EOS are enjoying a massive rise in value in past few weeks, EOS started April at $5 mark and now is at $18 , value of EOS increased more than 3 times within one month.

Current top 5 crypto currencies

  1. Bitcoin : $9388
  2. Ethereum: $741
  3. Ripple: $0.83
  4. Bitcoin Cash: $1630
  5. EOS: $18.28

 

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Take a Crypto Pill

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Crypto Pills

Crypto market is crashing, we all know that, panic sellers are taking over the market with massive sell-off. You can’t control that, just calm down and take a Crypto Pill to make things easy.

Crypto Pill is the term being used by industry leaders to make things calm down from recent fiasco, yesterday a leaked news from CFTC about Bitfinex and Tether made things even more difficult for crypto traders, short sellers went all into the market with massive short bets, and they won, Bitcoin price slipped below $10000 level to as low as $9500, but later on recovered to $10K , but selling pressure is still there.

First South Korea and now US

First it was South Korea, the country with massive trading volumes in crypto market, they announced to ban anonymous crypto trading and ban took place effective from 30th Jan 2018, then a sudden news came from US market when Bloomberg broke the news that US financial regulatory authority CFTC investigating Tether and Bitfinex, but later on it was confirmed that news was from December last year, which made market calm down a little bit after all that tension and hype about US crackdown on crypto currencies.

HODLers will take over market soon

Despite of all this fiasco, Hodlers are still holding their Crypto currencies, they are not giving up and they holding for their dear life, it is very much possible that they take over this market in near future, making another uptrend in coming months.

 

 

 

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Venezuela is the cheapest country to mine Bitcoin

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Cost of mining one Bitcoin in Venezuela is just $531 

Most expensive country to mine Bitcoin is South Korea, where cost of mining one bitcoin is $26,170

After recent crackdown by Chinese Government on Bitcoin miners, most talked about topic in bitcoin community is that which country would Chinese Bitcoin miners chose to shift, as many research firms were working to find the best possible option for the miners, one of the best option is Venezuela, where cost of mining one bitcoin is the cheapest, just $531, as compared to China where cost of mining one bitcoin $3172.

Others with lower costs are Bangladesh, Belarus, Paraguay, Serbia and Trinidad & Tobago. The most expensive is South Korea at $26,170 per coin. The U.S. cost is $4,675.
Calculations for the amount of energy consumed were based on the average usage of three popular types of mining equipment: the AntMiner S7, the AntMiner S9 and the Avalon.

Bitcoin mining consumes a lot of energy and according to one estimate, Bitcoin mining currently consuming energy which is more than 159 countries, including countries like Ireland

Bitcoin mining leading surge in global electricity consumption

 

 

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