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Why do I Need Internet Security – The High Tech Society

Have you ever thought about why you really need to have Internet security on your computer? Have you ever found yourself asking the question What is Internet security anyway? Well, Im here to tell you the reason why you should protect your computer with security software. Ill also show you how you can secure computer from viruses, Malware and Spyware.

Internet security protects your computer from malicious attacks from the Internet. There are several forms of these attacks, which I will dive into later in this article. If your computer is not secure, your computer may become infected. If your computer becomes infected, it can cause operational problems. It may even render your computer completely inoperable.

The answer to this question is yes. If you go in the internet, you need to have your computer secured. I mean, if you want your personal information to stay safe, you must have Internet security.

Internet security not only protects your computer, it protects your personal information.

Say, for instance, you log into your bank account, or PayPal account. If your computer is infected with Spyware, specifically a keylogger, every keystroke is recorded. Now, you just logged into your personal account, typed in your username and password and BAM! It was just logged and sent to the hacker. They now have the information they need to wipe your account clean.

Hackers can do this to anything you log into. Ever wonder why your e-mailbox started spamming people? Well, you probably got hit by a keylogger. This is just one more reason why you need to have Internet security on your computer.

Well, Internet security will protect your computer from many forms of malicious software and viruses. As I mentioned above, keyloggers can cause massive damage to your personal accounts. However, they are not the only thing you need to worry about when it comes to protecting your computer.

Malwareis short for the term Malicious Software. What Malware does is it tricks your computer into secretly downloading software without you knowing it was downloaded. This software is then installed to your computer. Once installed, the result can be devastating. Malware comes in many forms, such as Adware, Botnets, Rootkits, Spyware, Trojans, and Viruses.Trust me; you dont want your computer to become infected with one of these types of Malware.

Think of it this way. Would you leave your front door open, whether you are home or not? I didnt think so. So, why would you leave your computer open for an attack? Without internet security, its like leaving your computers back door wide open.

Preventing Malware from getting on your computer is simple. Its called Anti Virus Software. If you access the internet, you bet your bottom dollar, that you better have some kind of virus protection in place. There are several free and trial versions of software available for download from the Internet. A few top of the top trial and free downloads are:

No Internet security software protection + a sneaky neighbor = your neighbor receiving free internet service. And if he/she is smart, they can gain access to your documents and programs through your network. Make sure you protect your computers access points by requiring a security code to connect to your computer. People who steal or piggyback off your Internet service are often called piggybackers.

The way to prevent someone from piggybacking off your Internet service is to use the security settings that came with your router. These settings are known as your (WEP) Wired Equivalent Privacy and (WAP) Wireless Application Protocol (WAP). They are the security settings that you can set up in your computers internet security settings.

You can easily set up a Wireless Router or Access Point. These steps will help you set up a wireless security network. Its quite simple, really.

Begin with these steps:

Note: This IP address is a default gateway for every wireless router or modem. Look on your router or modems box.

You will be prompted to enter a user name and password. If you know this information enter it.

Note: Generally you will find the username and password for your router or modem on the box. Sometimes it is located on the back of the modem or router itself. If you still have trouble finding your routers information,click here. This will take you to Router Passwords website. Just choose your router or modem from the dropdown menu and you will get a list of the generic usernames and passwords for that particular model.

Once you are logged in, follow these steps.

Note: The security key can be found on the back of your router or on the routers box.

Note: I recommend that you choose a password around 21 characters. Make certain that your password contains at least two numbers, two symbols, and two capital letters. A strong password looks like this (i9Km0T!Wbe7Bx$qY5nhAz). The longer and more confusing you make your password, the harder it is to figure it out. It should be so complex, that even someone using a password creator to gain access to your internet service, will not be able to figure out the password. This will now be the password youll need to access your wireless Internet connection.

Once the network connection is reestablished you will be asked to enter your new security passcode.

Your Windows Internet Security box should pop up. Simply enter your new username and password. You should now be broadcasting on a secured Internet connection.

You can also go one step further in securing your internet connection; however, it is not always necessary. If you wish to have your internet connections visibility removed when searching for available networks, do the following.

Internet security is vital to the protection of your personal information stored on your computer. It is the only thing that stands between your computer and unauthorized users attempting to access your internet connection.

Make sure you are protected by following the steps outlined in this article. As mentioned before, dont leave your computers back door open to intruders. Lock it down and protect it.

If you still find yourself wondering, What is Internet security, you may find my other article about virus protection quite helpful.

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Cincinnati Bell – Other Services Support

The following operating systems are supported with Cincinnati Bell Internet Security Service:

Cincinnati Bell Internet Security system requirements are as follows:

Please Note:Your computer’s processor must be an Intel Pentium 4 or equivalent; there must be 1 GB of memory or more available, and 1.2 GB of free disk space available.

An Internet connection is required in order to validate your subscription and receive updates. Javascript must be enabled in the user’s browser settings to enable active block pages.

Please Note:Your computer’s processor must be an Intel Pentium III 1 GHz or higher; there must be 512 MB of memory or more available, and 1.2 GB of free disk space available.

Internet connection is required in order to validate your subscription and receive updates. Javascript must be enabled in the user’s browser settings to enable active block pages.

Please Note:There must be 1 GB of memory or more available on your computer and 250 MB of free disk space.

Internet connection is required in order to validate your subscription and receive updates.

See AlsoDoes Cincinnati Bell Internet Security have a firewall?What operating systems/system requirements are needed for Internet Security?

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Internet Security Essentials for Business 2.0 | U.S …

October, 2012

The online marketplace is the new Main Street in America. The National Broadband Plan estimates that 97% of small businesses use email and 74% have a company website. Small businesses are more dependent on the Internet for their day-to-day operations than they were a year ago. That should come as no surprise as the proliferation of smart phones, tablets, and apps enables businesses and households to conduct more and more of their daily activities onlinefrom paying bills to shopping to communicating with colleagues, employees, and customers.

Small businesses handle an array of sensitive information (e.g., customer data, financial records, and intellectual property) that warrants protection from bad actors. As larger companies improve their defenses and resilience against cyber threats, small businesses have become the low-hanging fruit for cyber criminals.

Through the U.S. Chamber of Commerces Internet Security Essentials for Business 2.0 guide, business owners, managers, and employees are urged to adopt fundamental Internet security practices to reduce network weaknesses and make the price of successful hacking increasingly steep. The guide emphasizes the following points:

The U.S. Chamber, Bank of America, Microsoft Trustworthy Computing, Splunk, and Visa have teamed up to provide businesses with the cyber guidebook, which gives small and medium-size businesses tools for protecting computers and networks and responding to cyber incidents. Here are some educational resources:

Internet Security at Work ToolkitMicrosoft offers the toolkit free to help you teach employees how to protect company, customer, and employee information. It includes the following resources with instructions on how to use them:

For a copy of the complete toolkit on a flash drive, email

Security Intelligence and ComplianceSplunk helps businesses make machine data accessible, usable, and valuable to everyone. Splunk takes terabytes of data in variable formats and allows you to effortlessly mine and continuously monitor them for information and insight. Here are some links to online resources to get started:

Data Security ResourcesThere are a number of common best practices that companies can adopt to protect payment data from online and other threats. Here are resources from Visa:

http://www.stopthinkconnect.orgSTOP. THINK. safety and security education and awareness campaign

http://www.staysafeonline.orgNational Cyber Security Alliancetools and resources for business and home users Communication Commission (FCC) and partners Small Biz Cyber Planneran online resource to help small businesses create customized cybersecurity plans

http://www.msisac.orgMulti-State Information Sharing and Analysis Center (MS-ISAC)cybersecurity guides, toolkits, and newsletters; http://business.ftc.govFederal Trade Commissions (FTC) Protecting Personal Information: A Guide for Business; Bureau of Consumer Protection Business Center; Institute of Standards of Technology (NIST), Computer Security Division, Computer Security Resource Division; NIST Small Business Corner of Homeland Security (DHS) Cybersecurity Awareness Month and related resources States Computer Emergency Readiness Team (US-CERT) cybersecurity tips of Justice (DOJ) Computer Crime and Intellectual Property Security Sectionlinks to report Internet-related and intellectual property crime Service Electronic Crimes Task Force (ECTF)links to more than 20 state and local ECTFs White House, Cyberspace Policy Review: Assuring a Resilient and Trusted Information and Communications Infrastructure

The U.S. Chamber of Commerce does not endorse any of the products or services contained here and in the guidebook.

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ESET Internet Security 10.0.386.0 Crack + License Keys …

It created specifically to evade detection that is anti-virus. Protects against attacks on internet browsers, PDF visitors, as well as other applications, including software that is PC, is Java baseds not often we see an incredible change in a security suite merchants item line, but ESET has made such a change. ESET Internet Security 10.0.386.0 Crack is an app that is entirely new and entry-level suite in between ESETs basic antivirus and the Smart Security that is the current range.

ESET Internet Security 10.0.386.0 Crack + License Keys [Latest] protection is just a security suite for your personal computer including the solutions that are following Anti-Virus, Anti-Spyware, Anti-Rootkit, Anti-Spam, Anti-Theft, Firewall, Parental Control, and Web and Email protection. ESET Internet Security 10.0.386.0 Crack + License Keys [Latest] ranks among the leaders in virus, malware and trojan detection and deletion.

It is rather fast and uses fewer system resources than most rivals. SET Smart Security uses heuristics and a file that is the cloud-based system to detect the latest threads. Its Anti-Theft feature allows you to monitor a taken laptop on a map, view the thief via your laptops webcam (with a password if its one) and lock it.

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Privacy and Security in the Internet Age | WIRED

In light of 2014s unsettling string of data breaches and cyber-attacks, the Obama Administration is ramping up efforts to strengthen Americas cybersecurity and make it more difficult for hackers to damage our businesses, hurt our economy and threaten our freedom to information. On Tuesday, President Obama is expected to speak about cybersecurity in his State of the Union Address.

Adopted by more than 2.5 billion people in the first 20 years of its existence, the Internet permeates through every aspect of our corporate, personal and government lives. The Internet is easily one of the most democratic and disruptive inventions of the last century; it is the epitome of free speech.

Only two decades old, the Internet was unchartered legal territory, lacking firm regulatory standards and protection by international law. Further, the unprecedented demand for mobile devices (more people in the world have access to cell phones than toilets, according to the U.N.), further convolutes legal issues when it comes to Internet use and what is private and public information. This is disturbing since ninety percent of the worlds data your information and mine was created in the last two years alone.

[ Also on Insights:Outpacing the Government: The 30-Day Rule in a Zero-Day Culture |Ready for Whats Next? Envision a Future Where Your Personal Information Is Digital Currency ]

The Internet is widely perceived as a tool that has given voice to the voiceless, enabling individuals to author their own lives and to share their experiences with a vast network of people around the globe. The term Internet revolution refers to the birth of a new information era that has transformed the way we create and share content. And, rightly so.

If we want to make our societies, nations, and people more secure and allow for the Internet to drive the benefits of improving every aspect of life that it permeates through today we must stand up to the challenge of protecting our data. And, we must act now.

Two key events will occur between 2015 and 2020 that will have critical implications for mankind.

The next five billion people will come online, the majority from developing countries. Over time, they will transition from feature phones to smartphones. Personal privacy will be essential to ensuring their survival both offline and online.

By 2025, Africas iGDP (which measures the Internets contribution to overall GDP) should grow at least five to six percent resulting in the improved delivery of health care, education and other public services, according to the McKinsey Global Institute. Large populations stand to benefit from Africas accelerated digital development. And, for those in developing countries who regularly fight for Internet freedom and access, a breach in privacy or censorship to access critical information could be life-threatening.

Privacy and Internet freedom will be a matter of life and death to citizens of the developing world.

If 90 percent of the worlds data was created in the last two years, can you imagine what that statistic will look like in five years given more data moving online with the Internet of Things? The amount of our data stored online will expand exponentially.

Thus security and privacy protection will become even more necessary in the next five years as we continue to digitize every aspect of our lives from fitness to home automation.

Unfortunately, what many Internet security and privacy companies offer today are solutions so complex and cumbersome that most consumers, and even some IT administrators, find them too complicated to use. A five-year-old can figure out how to watch a video on an iPad or make a call on an iPhone, but can a five-year-old figure out how to use security software? No.

The challenge for security companies is to create solutions that can be easily adopted into everyday life. As a government, we must support infrastructures and Internet policies that promote access and privacy. But how can the mobile industry build sustainable business models in areas where potential conflict is as sure as demand for connectivity? The answer will be making sure privacy and access are part of the equation at product inception and that policy and legislation account for privacy and access in the new Internet-driven world.

We must make security and privacy ubiquitous, simple, and understood by all. Only then will we be able to preserve one of the greatest innovations of the last century, the Internet, and allow our world to continue to develop, innovate, and prosper.

David Gorodyansky is co-founder of AnchorFree.

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News & Events | K9 Web Protection – Free Internet Filter …

An open Internet is unsafe for children and parenting in this digital age is difficult. We provide tools for parents to control unwanted content and provide a safe Internet for your family.

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Spyware and malware are a continual threat to yourcomputer. Blue Coat’s WebPulse technology provides enterprise-grade protection free for your home.

K9 Web Protection is a free Internet filtering andmalware defense for your home computer. K9 puts YOUin control so you can protect your computer.

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Users can bring potential legal liability or securitythreats into your organization. Trust K9 to provide youwith a safe working environment for your teams.

K9 Web Protection for Organizations is our Internetfiltering and web security solution for your business,school, church, non-profit or other organization.

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Cloud computing – A simple introduction – Explain that Stuff

by Chris Woodford. Last updated: March 19, 2017.

History has a funny way of repeating itself, or so they say. But it may come as some surprise to find this old clich applies just as much to the history of computers as to wars, revolutions, and kings and queens. For thelast three decades, one trend in computing has been loud and clear:big, centralized, mainframe systems have been “out”;personalized, power-to-the-people, do-it-yourself PCs have been “in.”Before personal computers took off in the early 1980s, if yourcompany needed sales or payroll figures calculating in a hurry, you’dmost likely have bought in “data-processing” servicesfrom another company, with its own expensive computer systems, thatspecialized in number crunching; these days, you can do the jobjust as easily on your desktop with off-the-shelf software. Or canyou? In a striking throwback to the 1970s, many companies arefinding, once again, that buying in computer services makes morebusiness sense than do-it-yourself. This new trend is called cloudcomputing and, not surprisingly, it’s linked to the Internet’sinexorable rise. What is cloud computing? How does it work? Let’stake a closer look!

Photo: Cloud computing: the hardware, software, and applicationsyou’re using may be anywhere up in the “cloud.” As long as it all does what you want, you don’t needto worry where it is or how it works.

Cloud computing means that instead of all the computer hardware and software you’re using sitting on your desktop, or somewhere inside your company’s network, it’sprovided for you as a service by another company and accessedover the Internet, usually in a completely seamless way. Exactlywhere the hardware and software is located and how it all worksdoesn’t matter to you, the userit’s just somewhere up in thenebulous “cloud” that the Internet represents.

Cloud computing is a buzzword that means different things to different people. For some, it’s justanother way of describing IT (information technology) “outsourcing”;others use it to mean any computing service provided over theInternet or a similar network; and some define it as any bought-in computerservice you use that sits outside your firewall. However wedefine cloud computing, there’s no doubt it makes most sense when westop talking about abstract definitions and look at some simple, realexamplesso let’s do just that.

Screenshot: Soundcloudone of my favorite examples of a website (and mobile app) that uses cloud computing to good effect. Musicians and DJs upload their music, which “followers” can listen to (or preview) for free through real-time streaming. You can build up a personal collection of tracks you like and access them from any device, anytime, anywhere. The music you listen to stays up in the cloud: in theory, there is only ever one copy of every music file that’s uploaded. Where is the music stored? No-one but Soundcloud needs to knowor care.

Most of us use cloud computing all day long without realizing it. When you sit atyour PC and type a query into Google, the computer on your desk isn’tplaying much part in finding the answers you need: it’s no more thana messenger. The words you type are swiftly shuttled over the Net toone of Google’s hundreds of thousands of clustered PCs, which dig out your results and send them promptly back to you. When you do a Googlesearch, the real work in finding your answers might be done by acomputer sitting in California, Dublin, Tokyo, or Beijing; you don’t knowand most likely you don’t care!

The same applies to Web-based email. Once upon a time, email was something you could only send and receive using a program running on your PC (sometimes called a mail client). But thenWeb-based services such as Hotmail came along and carried email offinto the cloud. Now we’re all used to the idea that emails can bestored and processed through a server in some remote part of the world, easilyaccessible from a Web browser, wherever we happen to be. Pushing email off intothe cloud makes it supremely convenient for busy people, constantly on the move.

Preparing documents over the Net is a newer example of cloud computing. Simply log on toa web-based service such as Google Documents and you cancreate a document, spreadsheet, presentation, or whatever you like usingWeb-based software. Instead of typing your words into a program like Microsoft Word orOpenOffice, running on your computer, you’re using similar software running on a PC at one of Google’s world-wide data centers. Like an email drafted on Hotmail,the document you produce is stored remotely, on a Web server, so you can access it from anyInternet-connected computer, anywhere in the world, any time you like. Do you knowwhere it’s stored? No! Do you care where it’s stored? Again, no! Using a Web-basedservice like this means you’re “contracting out” or “outsourcing”some of your computing needs to a company such as Google: they pay the cost ofdeveloping the software and keeping it up-to-date and they earn backthe money to do this through advertising and other paid-for services.

“You don’t generate your own electricity. Why generate your own computing?”

Jeff Bezos, Amazon.

Most importantly, the service you use is provided by someone else andmanaged on your behalf. If you’re using Google Documents, you don’thave to worry about buying umpteen licenses for word-processingsoftware or keeping them up-to-date. Nor do you have to worryabout viruses that might affect your computer or about backing up thefiles you create. Google does all that for you.One basic principle of cloud computing is that you no longer need to worry how the service you’re buying is provided: with Web-based services, you simply concentrate on whateveryour job is and leave the problem of providing dependablecomputing to someone else.

Cloud services are available on-demand and often bought on a “pay-as-you go” orsubscription basis. So you typically buy cloud computing the same wayyou’d buy electricity, telephone services, or Internet access from autility company. Sometimes cloud computing is free or paid-for inother ways (Hotmail is subsidized by advertising, for example). Just like electricity, you can buy as much or as little of a cloud computing service as you need fromone day to the next. That’s great if your needs vary unpredictably: it means you don’t have to buy your own gigantic computersystem and risk have it sitting there doing nothing.

Now we all have PCs on our desks, we’re used to having complete control overour computer systemsand complete responsibility for them as well. Cloud computing changes all that. It comes in two basic flavors, public and private, which are the cloud equivalents of the Internet and Intranets. Web-based email and free services like the ones Google provides are the most familiar examplesof public clouds. The world’s biggest online retailer, Amazon, becamethe world’s largest provider of public cloud computing in early 2006. Whenit found it was using only a fraction of its huge, global, computing power, it started renting out its spare capacity over the Netthrough a new entity called Amazon Web Services (AWS). Private cloud computing works in much the same way but you access the resources you usethrough secure network connections, much like an Intranet. Companies such as Amazon alsolet you use their publicly accessible cloud to make your own secure private cloud,known as a Virtual Private Cloud (VPC), using virtual private network (VPN) connections.

IT people talk about three different kinds of cloud computing, where differentservices are being provided for you. Note that there’s a certain amount of vaguenessabout how these things are defined and some overlap between them.

What’s good and bad about cloud computing?

The pros of cloud computing are obvious and compelling. If your business is sellingbooks or repairing shoes, why get involved in the nitty gritty ofbuying and maintaining a complex computer system? If you run aninsurance office, do you really want your sales agents wasting timerunning anti-virus software, upgrading word-processors, or worryingabout hard-drive crashes? Do you really want them cluttering yourexpensive computers with their personal emails, illegally shared MP3 files,and naughty YouTube videoswhen you could leave that responsibilityto someone else? Cloud computing allows you to buy in only theservices you want, when you want them, cutting the upfront capital costs of computers and peripherals. You avoid equipment going out of date andother familiar IT problems like ensuring system security and reliability.You can add extra services (or take them away) at a moment’s notice as your business needs change.It’s really quick and easy to add new applications or services to yourbusiness without waiting weeks or months for the new computer (andits software) to arrive.

Photos: Cloud computing: forward to the future… or back to the past? In the 1970s, the Apple ][ became the world’s first, bestselling small business computer thanks to a killer-application called VisiCalc, the first widely available computer spreadsheet. It revolutionized business computing, giving middle managers the power to crunch business data on their desktops, all by themselves, without relying on slow, centralized computer departments or bought-in data processing. Critics are concerned that cloud computing could be disempoweringa throwback to the 1970s world of centralized, proprietary computing.

Instant convenience comes at a price. Instead of purchasing computers and software, cloudcomputing means you buy services, so one-off, upfront capitalcosts become ongoing operating costs instead. That might work outmuch more expensive in the long-term.

If you’re using software as a service (for example, writing a report using an online word processor or sending emailsthrough webmail), you need a reliable, high-speed, broadband Internet connectionfunctioning the whole time you’re working. That’s something we take for granted in countries such as the United States, but it’s much more of an issue in developing countries or rural areas where broadband is unavailable.

If you’re buying in services, you can buy only what people are providing, so you may be restrictedto off-the-peg solutions rather than ones that precisely meet your needs.Not only that, but you’re completely at the mercy of your suppliers if they suddenlydecide to stop supporting a product you’ve come to depend on.(Google, for example, upset many users when it announced in September 2012 that its cloud-based Google Docs would drop support for oldbut de facto standard Microsoft Office file formats such as .DOC, .XLS, and .PPT, giving a mere one week’s noticeof the changealthough, after public pressure, it later extended the deadlineby three months.) Critics charge that cloud-computing is a return to the bad-old days of mainframes andproprietary systems, where businesses are locked into unsuitable, long-termarrangements with big, inflexible companies. Instead of using”generative” systems (ones that can be added to and extended in exciting waysthe developers never envisaged), you’re effectively using “dumb terminals” whose uses are severelylimited by the supplier. Good for convenience and security, perhaps, but whatwill you lose in flexibility? And is such a restrained approach good for the futureof the Internet as a whole? (To see why it may not be, take a look at Jonathan Zittrain’s eloquent bookThe Future of the InternetAnd How to Stop It.)

Think of cloud computing as renting a fully serviced flat instead of buying a home of yourown. Clearly there are advantages in terms of convenience, butthere are huge restrictions on how you can live and what you can alter. Willit automatically work out better and cheaper for you in the long term?

We’ve just had a quick and simple sketch of cloud computingand if that’s allyou need, you can stop reading now. This section fills in some of the details, asks some deeper questions,looks at current trends, such as the shift to mobile devices, and explores challenging issues like privacy and security.

The figures speak for themselves: in every ITsurvey, news report, and pundit’s op-ed, cloud computing seems theonly show in town. Back in 2008, almost a decade ago, the PewInternet project reported that 69 percent of all Internet users had”either stored data online or used a web-based softwareapplication” (in other words, by their definition, used some formof cloud computing). In 2009, Gartner priced the value of cloudcomputing at $58.6 billion, in 2010 at $68.3 billion, and in 2012 atover $102 billion. In 2013, management consultants McKinsey andCompany forecast cloud computing (and related trends like big data,growing mobilization, and the Internet of Things) could have a”collective economic impact” of between $1020 trillion by 2025.In 2016, Amazon revealed that its AWS offshoot, the world’s biggest provider of cloud computing, is now a $10 billion-a-year business;the Microsoft Cloud isn’t far behind.

So the numbers keep on creeping up and it’s anexciting trend, to be sure. But there’s one important word ofcaution: how you measure and forecast something as vague as “thecloud” depends on how you define it: if the definition keepsexpanding, perhaps that’s one reason why the market keeps expandingtoo? Way back in the 1990s, no-one described Yahoo! Mail or Hotmailas examples of cloud computing, Geocities was simply a community ofamateur websites, and Amazon and eBay were just new ways of findingand buying old stuff. In 2010, in its breathless eagerness to talk upcloud computing, the Pew Internet project had rounded up everyweb-based service and application it could think of and fired it tothe sky. WordPress and Twitter were examples of cloud blogging,Google Docs and Gmail were cloud-based, and suddenly so too wereYahoo! Mail, buying things from eBay and Amazon, and even (bizarrely)RSS feeds (which date back to the late 1990s). Using “the cloud”as a loose synonym for “the Web,” then expressing astonishmentthat it’s growing so fast seems tautologous at best, since we knowthe Internet and Web have grown simply by virtue of having moreconnected users and more (especially more mobile) devices. Accordingto Pew, what these users prized were things like easy access toservices from absolutely anywhere and simple data storing or sharing.This is a circular argument as well: one reason we like “the cloud”is because we’ve defined it as a bunch of likeable websitesFacebook,Twitter, Gmail, and all the rest.

Businesses have shrewder and more interestingreasons for liking the cloud. Instead of depending on MicrosoftOffice, to give one very concrete example, they can use free,cloud-based open-source alternatives such as Google Docs. So thereare obvious cost and practical advantages: you don’t have to worryabout expensive software licenses or security updates, and your staffcan simply and securely share documents across business locations(and work on them just as easily from home). Using cloud computing torun applications has a similarly compelling business case: you canbuy in as much (or little) computing resource as you need at anygiven moment, so there’s no problem of having to fund expensiveinfrastructure upfront. If you run something like an ecommercewebsite on cloud hosting, you can scale it up or down for the holidayseason or the sales, just as you need to. Best of all, you don’t needa geeky IT department becausebeyond commodity computers runningopen-source web browsersyou don’t need IT.

When we say cloud computing is growing, do we simply meanthat more people (and more businesses) are usingthe Web (and using it to do more) than they used to? Actually we doand that’s why it’simportant not to be too loose with our definitions. Cloud web hostingis much more sophisticated than ordinary web-hosting, for example,even thoughfrom the viewpoint of the webmaster and the personaccessing a websiteboth work in almost exactly the same way. Thisweb page is coming to you courtesy of cloud hosting where, a decadeago, it ran on a simple, standalone server. It’s running on the sameopen-source Apache server software that it used then and you canaccess it in exactly the same way (with http and html). Thedifference is that it can cope with a suddenly spike in traffic inthe way it couldn’t back then: if everyone in the United Statesaccessed this web page at the same time, the grid of servers hostingit would simply scale and manage the demand intelligently. The photosand graphics on the page (and some of the other technical stuff thathappens behind the scenes) are served from a cloud-based ContentDelivery Network (CDN): each file comes from a server in Washington, DC, Singapore,London, or Mumbai, or a bunch of other “edge locations,” depending on where in the world you (the browser) happen to be.

This example illustrates three key points ofdifference between cloud-based services and applications and similarones accessed over the web. One is the concept of elasticity(which is a similar idea to scalability):a cloud service or application isn’t limited to what a particularserver can cope with; it can automatically expand or contract itscapacity as needed. Another is the dynamic nature of cloudservices: they’re not provided from a single, static server. A third,related idea is that cloud services are seamlesswhetheryou’re a developer or an end user, everything looks the same,however, wherever, and with whatever device you use it.

Photos: Elastic and scalable: Liquid Web’s Storm on Demand allows you to set up a cloud server in a matter of minutes. With a couple of mouse clicks, you can resize your server (upgrade or downgrade the memory, for example)to cope with changes in demandfor example, in the run up to a Black Friday sale. Every aspect of the service is pay-as-you-go. It’s easy to use even if you have little or no experience of setting up or managing dedicated servers.

One of the biggest single drivers of cloudcomputing is the huge shift away from desktop computers to mobiledevices, which (historically, at least) had much less processingpower onboard. Web-connected smartphones, tablets, Kindles, and othermobile devices are examples of what used to be called “thinclients” or “network computers” because they rely on theservers they’re connected to, via the network (usually the Internet),to do most of the work. A related trend referred to as bring yourown device (BYOD) reflects the way that many companies now allowtheir employees to logon to corporate networks or websites usingtheir own laptops, tablets, and smartphones.

From the smartphone in your pocket to the mythicalfridge that orders your milk, the number and range of devicesconnected to the Internet is increasing all the time. A new trendcalled the Internet of Thingsanticipates a massive increase inconnected devices as everyday objects and things with built-insensors (home heating controllers, home security webcams, and evenparcels in transit) get their own IP addresses and become capable ofsending and receiving data to anything or anyone else that’s online.That will fuel the demand for cloud computing even more.

Photo: Mobile cloud: The shift to mobile devices and the growth of cloud computing are mutually reinforcing trends. Mobile devices are much more useful thanks to cloud-based apps like these, provided by Google. In other words, one reason for buying a mobile is because of the extra (cloud-based) things you can do with it. But these services are also thriving because they have ever-increasing numbers of users, many of them on smartphones.

How significant is the shift to mobile? By anymeasurement, phenomenal and dramatic. Bearing in mind that there wasonly one functioning mobile phone in 1973 when Martin Cooper made thefirst cellphone call, it’s staggering to find that there are now anestimated 8 billion mobile subscriptions (more than one for everyperson on the planet). By 2012, Goldman Sachs was telling us that 66percent of Net-connected devices were mobiles, compared to just 29percent desktops. Mobile Internet traffic finally overtook desktoptraffic in 2014/15, according to Comscore and, in response, Googlerolled out a “mobile-friendly” algorithm in 2015 to encouragewebmasters to optimize their sites so they worked equally well onsmartphones.

Cloud computing makes it possible for cellphonesto be smartphones and for tablets to do the sorts of things that weused to do on desktops, but it also encourages us to do more thingswith those devicesand so on, in a virtuous circle. For example, ifyou buy a smartphone, you don’t simply do things on your phone thatyou used to do on your PC: you spend more time online overall, usingapps and services that you previously wouldn’t have used at all.Cloud computing made mobile devices feasible, so people bought themin large numbers, driving the development of more mobile apps andbetter mobile devices, and so on.

Stare high to the sky and you can watch cloudsdrift by or, if you’re more scientific and nuanced, start to teaseout the differences between cumulus, cirrus, and stratus. In much thesame way, computing aficionados draw a distinction between differenttypes of cloud. Public clouds are provided by people such asAmazon, Google, and IBM: in theory, all users share space and time onthe same cloud and access it the same way. Many companies, forexample, use Gmail to power their Internet mail and share documentsusing Google Drivein pretty much the same way that you or I mightdo so as individuals. Private clouds work technically the sameway but service a single company and are either managed exclusivelyby that company or by one of the big cloud providers on their behalf.They’re fully integrated with the company’s existing networks,Intranet, databases, and infrastructure, and span countries orcontinents in much the same way. Increasingly, companies find neitherof these bald alternatives quite fits the billthey need elementsof eachso they opt for hybrid clouds that combine the bestof both worlds, hooking up their existing IT infrastructure to apublic cloud system provided by someone like Amazon or Google. Othertrends to watch include the development of personal clouds,where you configure your own home network to work like a mini-cloud(so, for example, all your mobile devices can store and access filesseamlessly), and peer-to-peer cloud computing, in which thedynamic, scalable power of a cloud computing system is provided notby giant data centers but by many individual, geographicallydispersed computers arriving on the network, temporarily contributingto it, and then leaving again (as already happens with collaborativescience projects like SETI@home and

Security has always been an obvious concern forpeople who use cloud computing: if your data is remote and travelingback and forth over the Internet, what’s to keep it safe? Perhapssurprisingly, many IT professionals think cloud-based systems areactually more secure than conventional ones. Ifyou’re buying into Google’s, Amazon’s, or Microsoft’s cloud-based services, you’re also buyinginto world-class expertise at keeping data safe; could youor your ITteammanage security as well? Security can therefore be seen as acompelling reason to migrate to cloud-based systems rather than areason to avoid them.

Privacy is a more nuanced and complex issue. Whilewe all understand what we mean by keeping data secure, what do wemean by keeping it private in a world where users of cloud-basedservices like Twitter, Instagram, and Snapchat happily share anythingand everything online? One of the complications is so-called bigdata, the statistical (“analytic”) information that companieslike Google and Facebook gather about the way we use theircloud-based services (and other websites that use those services).Google, for example, collects huge amounts of data through itsadvertising platforms and no-one knows exactly what happens to itafterward. Facebook knows an enormous amount about what people saythey “like,” which means it can compile detailed profiles of allits users. And Twitter knows what you tweet, retweet, and favoritesoit has similar data to Facebook. The quid-pro-quo for “free”web-based services and apps is that you pay for what you use with aloss of privacy, typically to power targeted advertisements.

Another complication is that privacy meansdifferent things in different parts of the world. In Europe, forexample, the European Union has strict restrictions on how data canbe moved in bulk from one country to another or shared by companieslike Google that have multiple subsidiaries operating across countries andcontinents. While Internet-based cloud computing makes nationalboundaries obsolete, real-world laws still operate according toold-fashioned geographyand that could act as a serious brake onthe aspirations of many big cloud providers.

When it comes to the everyday web services we allenjoy, there may be different kinds of clouds on the horizon. Asweb-based advertising dwindles in effectiveness, one future concernmust be how companies like Google, Facebook, and Twitter willcontinue to fund their ever-growing, (essentially) cloud-based,services without using our data in increasingly dubious ways. Part ofthe reason for the huge growth in popularity of services like this issimply that they’re free. Would Facebook be so popular if we had topay for it through a monthly subscription? If Google Docs cost money,would we slink back to our desktop PCs and Microsoft Word? Can advertising continue to sustain an ever-growing field of cloud-basedservices and apps as the number of Internet users and Net-connecteddevices continues to grow? Watch this space!

In theory, cloud computing is environmentally friendly because it uses fewer resources(servers, cooling systems, and all the rest) and less energy if 10 people share anefficiently run, centralized, cloud-based system than if each of them run their owninefficient local system. One hosting provider in the UK told me that his company hasembraced cloud systems because it means they can handle more customers on far fewerphysical servers, with big savings in equipment, maintenance, and energy costs.In theory, cloud computing should be a big win for the environment; in practice,it’s not quite so simple.

Ironically, given the way we’ve defined cloud computing, it matters where your cloud serversare located and how they’re powered. If they’re in data centers powered by coal, instead of cleaner fuels such as natural gas or (better still) renewable energy, the overall environmental impact could be worse than your current setup. There’s been a lot of debate about the energy use of huge data centers, partly thanks to Greenpeace highlighting the issue once a year since 2009. In its 2011 report[PDF] How Dirty is Your Data Center: A Look at the Energy Choices that Power Cloud Computing, it ranked cloud computing providers like Akamai and Amazon on eco-friendliness, alongside companies like Facebook, Google, and Twitter whose services are underpinned by a massive global network of data centers. By 2017, in a report calledClicking Clean, Greenpeace was congratulating around 20 of the biggest data center operators (including Apple, Facebook, and Google) for starting on the path toward 100 percent renewable energy. In the United States in particular, quite a few cloud (and web hosting) providers explicitly state whether their servers are powered by conventional or green energy, and it’s relatively easy to find carbon-neutral service providers if that’s an important factor for your business and its CSR (corporate social responsibility) objectives.

Chart: Growth in energy use in data centers from 2007 to 2013. Drawn by us using data from the 2012 study by DatacenterDynamics (DCD) Intelligence published in Computer Weekly, October 8, 2012. I’ve struggled to find figures for the years from 2014 onward; as soon as I do, I’ll update the chart!

When it comes to overall impact on the planet, there’s another issue to consider. If cloud services simply move things you would do in your own office or home to the cloud, that’s one thing; the environmental impact merely transfers elsewhere. But a lot of cloud- and Internet-based services are encouraging us to use more computers and gadgets like iPads and iPhones for longer, spending more time online, and doing more things that we didn’t previously do at all. In that sense, cloud computing is helping to increase global energy use and greenhouse gas emissions so describing it as environmentally friendly is highly misleading.That was evident from a 2012 study by DatacenterDynamics (DCD) Intelligence, the British Computer Society, and partners(reported in Computer Weekly), which showed that global energy use from data centers grew from 12 gigawatts (GW) in 2007 to 24GW in 2011 and predicted it would reach 43GW some time in 2013. However, a follow-up study revealed a significant slowing down of the rate of growth in cloud power consumption, from 19 percent in 2011/2 to around 7 percent in 2013. Growing concerns about the impact of cloud computing have also prompted imaginative new solutions.Later in 2013, for example, researchers at Trinity College Dublin and IBM announced they’d found a way to reduce cloud emissions by over 20 percent by using smart load balancing algorithms to spread out data processing between different data centers. Even so, with cloud computing predicted to become a $5 trillion business by 2020, power consumptionseems certain to go on increasing. Ultimately, the global environment, the bottomline trendever-increasing energy consumptionis the one that matters. It’s no good congratulating yourself on switching to diet Cola if you’re drinking four times more of it than you used to. In 2016, Peter Judge of DatacenterDynamics summed things up pithily: “No one talks much about total energy used by data centers because the figures you get for that are annoying, depressing and frustrating…. The truth is: data center power is out of control.”

From Google searches to Facebook updates and super-convenient Hotmail, most of us value the benefits of cloud computing very highly, so the energy consumption of data centers is bound to increaseand ensuring those big, power-hungry servers are fueled by green energy will become increasingly important in the years to come.

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Trading Cryptocurrency in 2018: The Definitive Guide

If youre like me, you think you missed out on the boom of the cryptocurrency industry. Youve probably heard stories of Bitcoin millionaires – regular, working class people who turned one months paycheck into a fortune that will keep them from ever having to work again.

Im here to tell you that the industry is still booming and its not too late to turn your own profit.

This is The Definitive Guide to Trading Cryptocurrency in 2018. By no means is this a guide to becoming a millionaire overnight, but by the end, you will know everything you need to know to begin trading, as well as some of the techniques and strategies that have proven to provide consistent gains.

What Is a Cryptocurrency?

There Are Some Risks With Cryptocurrencies

Cryptocurrencies Are Taxable In Most Countries

There Are Other Ways To Invest In Bitcoin

Begin Your Path To Crypto Trading

Trading Techniques That Will Grow Your Investment

When To Buy and Sell?

Position Sizing

Build a Strategy and Stick To It

Common Mistakes And How To Avoid Them

Pro Tips & Extra Resources

Before we jump right into trading, there are are a few things that we need to cover.

You should have a general understanding of what a cryptocurrency is because knowing the functional use of a coin can give you an edge when deciding your investments. There are hundreds of coins ranging from major players like Bitcoin (BTC) and Ethereum (ETH), to smaller coins that we refer to as altcoins. Each coin is unique and offers their own flunctional use cases. If youre feeling unclear about what a cryptocurrency is, check out some of the resources below. They give great explanations of Bitcoin and Ethereum, and blockchain, the underlying technology of which cryptocurrencies are built upon.

What is Bitcoin

How Bitcoin works

Explain Ethereum like Im five

TED Talk on blockchain

More technical view on how blockchain works

Huge collection of extra reading material on blockchain & Ethereum

Like any investment, you should be aware that there are risks with cryptocurrencies. Its going to take some work to protect your investment and some more work to grow it. Much about the direction that cryptocurrencies will take in the future is in turmoil, and this creates a very volatile market.

Trading is all about taking advantage of this volatility; the key is being smart about your investments, and patient enough to stick to your strategy.

The other major risk to be aware of is that hackers are always looking for vulnerabilities to exploit. One example is the more than $30 million worth of Tether coins that were stolen. The most surefire way to ensure the safety of your coins is by using a hardware wallet such as these by Ledger. Keep in mind that this will slow down your ability to trade those coins, as you will be transferring them between the device and your exchange accounts (more on wallets and exchanges soon).

If all of this sounds daunting, dont worry. As promised, well discuss more of what you need to know soon enough.

In 2014, the IRS declared cryptocurrencies a capital asset, thus making it subject to capital gains tax. This handy guide, breaks down how taxation works for each country.

With the booming industry that cryptocurrency has become, it is recommended to be aware of, and follow tax regulations.

As you know, the focus of this guide is all about trading cryptocurrencies, but there are other ways to get a hand in the pot. Some people choose to buy a cryptocurrency and forget about it, much like you would do with some stock in say, Amazon. Others are actually investing through the stock market via the Bitcoin Investment Trust (GBTC). If you are a firm believer in the future of Bitcoin, both are perfectly fine ways to go about it.

The advantage that trading has over these options is in the power of compounding.

In other words, our initial investments have the potential to grow exponentially, compared to those that sit on a flat amount of coins or stock.

Now that we have that stuff out of the way, lets work on making our first trade. The first things well need is to learn about are exchanges and wallets.

These are what allow us to buy and sell cryptocurrencies. There are a handful of popular crypto exchanges, some of them have advantages over others. For example, some exchanges dont allow us to deposit and withdraw using fiat currency like the U.S. dollar and euro; others arent available in certain countries. In this guide we will focus on two very popular exchanges, GDAX and Poloniex. GDAX gives us the ability to use our fiat currency to buy Bitcoin. Poloniex does not, but does give us a wide array of altcoins to trade. There, well be using major coins like Bitcoin and Ethereum to buy the altcoins, and vice versa. Other popular exchanges such as Kraken and Bittrex offer even more coins.

Keep in mind that keeping the number coins that you are trying to follow to a manageable amount is going to make trading a lot easier.

A manageable amount is obviously subjective and will vary for each person based on things such as time available to dedicate to trading. Feel free to do your own research to find the right exchange for you. I tend to value user experience of an exchange over the amount of coins on it. Ultimately, what exchanges you use is going to depend on your own personal preferences. GDAX and Poloniex will provide sufficient resources needed to be a successful trader, so they are definitely a good place to start.

No matter which you choose you will need to go through a verification process when signing up for your accounts. This sometimes involves submitting a picture of your id. All in all its usually a pretty straightforward process and shouldnt take more than a few minutes.

The next thing well need to do is deposit fiat currency into our account. The easiest way to do this is by adding a bank account. Once youve initiated the deposit, it will take 4 business days to appear in your account. Kind of a bummer, I know; but the idea is to only need to do this once, as well be growing this initial investment day by day with our trades.

When buying or selling on crypto exchanges, you have 3 different types of order at your disposal. You should be comfortable with each of them in order to be a successful trader.

Note that all orders have fees on them, though they are relatively small.

Market orders allow us to exchange any amount of coin right away at the current market price. Orders are filled using the best available price in the exchanges order book. For example, if you placed a market buy order for $100, it would buy from the lowest priced sell order(s) until you had used that $100. The advantage is that this transaction is always completed immediately; the disadvantage is that we dont know exactly what price we are going to get.

Limits orders allow us to place an order at a specific price. We can specify the amount of coin that we want to buy or sell, at the price that we want this to happen at. You may have noticed that the order book is always full of sell orders that are a little higher than the current price and buy orders that are a little lower. The advantage with limit orders is that we can do do the same with our orders. The disadvantage is that our transaction likely will not be filled immediately and will count on the market price to make its way towards us.

Stop limit orders are really only useful when selling coins. They allow us to set a condition: we specify a price, and if the price becomes less than or equal to that price, a market order is automatically placed for us. The advantage here is that if we need to step away and will not be able to watch the price, we have some protection if the market begins to plummet. The disadvantage is that we are counting on there being good buy orders available to fulfill our sells. If a massive amount of market sell orders were to be executed right before your stop is triggered, its technically possible to be left with the bottom of the barrel. This has happened before, but is not common.

I cant emphasize this enough: Trading cryptocurrencies is all about minimizing losses and maximizing gains. Were not going to win every time.

Well need to utilize all of these order types to do that to the fullest.

Once our GDAX account has been verified, and weve deposited some fiat currency we can finally make our first Bitcoin trade!

Here we are placing a market order. Notice that $100 would get us about 1% of a Bitcoin. Remember than with a market order, the amount of Bitcoin may differ slightly from the estimate here because the price of Bitcoin is constantly fluctuating.

Now imagine weve seen some indication that we are ready to sell.

A small loss, but perhaps the price was about to fall, in which case we got out just in time, minimizing our loss.

Weve made our first trade, simple as that!

We mentioned the various exchanges and now we need a way to transfer our Bitcoin between them. Wallets allow us to send and receive Bitcoins. If youre interested in a more technical explanation of wallets, you can check this out, but its certainly not required knowledge.

Creating accounts on GDAX and Poloniex gives us wallets that we can send Bitcoins between. Lets walk through sending Bitcoin from GDAX to Poloniex.

First, we need the deposit address of our Poloniex wallet. Find this by going to Balances, and then Deposits & Withdrawals:

Next well go to GDAX and initiate a withdrawal.

Fill in the amount of Bitcoin youll be transferring, and paste the address that you copied from your Poloniex wallet in as the destination.

Be careful to put the correct address because theres no getting your Bitcoin back if sent to the wrong address.

Once the transfer is initiated, it could take some time for it to be verified on the blockchain. Its not uncommon for it to take 15 minutes or more. Scaling and faster transaction speed is one of the major technical issues that Bitcoin and others are trying to solve.

There are several proven ways to make money trading cryptocurrencies. A lot of these techniques have been proven by their use on the traditional stock market. But the thing with traditional stocks is that youd be hardpressed to find the same kind of price swings as we see everyday with cryptocurrencies.

Consistent, significant price fluctuations mean more opportunities for us.

To use these techniques, we need to understand how to read charts.

If youve already opened up GDAX or some other exchange and you were overwhelmed at first, dont worry; you werent alone. Theyre called candlestick charts, and theres a quick video that explains the fundamentals really well.

Soon, well learn what you can do to perform a more technical analysis on these charts, and some things that you can look for to make informed decisions during your trading. For now lets go over some of those techniques we were talking about before.

Now that weve learned about bullish candlesticks in the chart reading video above, lets take a look at a bull run.

Trailing a bull run using stop orders is one of the most important techniques you can learn.

Lets do a case study. Here, Ive taken a 24 hour chart for Ethereum:

Notice the small bull run. Now imagine we had decided to buy Ethereum somewhere around that dotted line and just before 8pm. We saw it tick up after a string of bearish candles, and for whatever reason, thought it might continue its way upward. To minimize our losses (remember our goal is minimize losses and maximize gains), we set a stop order right away. Well set it near the bottom of those last couple bearish candles (about $474). Now as we watched the price work its way up, we would continue to raise our stop price. To do this, we would go to our open orders (every exchange will show this), and click cancel on the stop limit that we had just set. Shortly after 8pm, we mightve had a stop at $480 that wouldve been triggered. If youre stop limit is triggered and the signs point to the trend continuing youre able to buy back in with a profit already in your pocket.

We were protected, setting ourselves up for a quick profit, while at the same time being prepared for a huge profit if the price continued skyrocketing. This is the idea behind what can be a very powerful technique.

When buying cryptocurrencies, specifically altcoins, it is important to know a few details about them.

A major thing to note when evaluating a coin, are its functional use cases. Most coins will have some form of mission statement on their homepage. By understanding what purpose a coin serves in the real world, we will have a better idea of how to evaluate it further.

For example, there are cryptocurrencies, such as Litecoin, with the same goal as Bitcoin. In this case, it would be a good idea to compare its market capitalization with Bitcoin. This site ranks coins by market cap. Always be sure to check there when evaluating a new coin. If you notice a large shift in market cap on a certain date, it may be worth it to check for any news that day to see what may have caused it.

On the other hand, some coins serve a very unique function in the real world. For example, Power Ledger is a fairly new and interesting cryptocurrency. The goal of this project is to provide a system for consumers to trade electricity with one another. For a young project such as this, the best thing you can do is first decide whether you believe in the technology and the team behind it. The second thing you can do is read news surrounding the project. All of that information, along with a look at the coins market cap, is going to ultimately determine whether you think the technology might reach mainstream adoption, thus making an investment worth your while.

Now that we have an idea on how to get started evaluating a coin, we are better equipped to profit using another popular technique among traders.

ICOs, as you may have guessed, are much like IPOs. This is where coins are offered for the first time to the public. ICOs are not offered through exchanges, but rather you buy them directly from the creators of the project. Usually (its different for each project) you will send them Bitcoin or Ethereum that they will use to fund their project; in turn you receive a certain amount of their new coin.

One of the best resources for finding out about current or upcoming ICOs is here. If you see a coin that peaks your interest, be sure to be extra diligent when evaluating it. Since we have no historical data to gauge how the coin might perform, its very important to understand the real-world purpose of the coin. Another thing to note is whether the ICO is capped or not. Some ICOs will be capped at a certain number, meaning that people who are late to the part, will need to wait for the coin to be offered on exchanges.

Make sure to read up on all this information that you can find, including the coins white paper. Its common practice for coins to have one up on their site, explaining the technical details on how they plan to accomplish their goal. As you read it, see if you can determine whether you think those goals can be accomplished by the team or not.

The reason that we, as traders, would want to invest in these coins at their cheap initial price is simple: Once these coins do become available on exchanges, all of those people who missed out on the ICO, will want to buy in right away. This can lead to the price to skyrocket in a very short amount of time.

As traders, we will take a 10% quick profit any day of the week.

So far, everything weve discussed has involved taking a long position on a coin. That is, our focus has been buying a coin at a lower price than what we think we will be able to sell it at later. What if we have some indication that leads us to believe that the value of a coin is about to decrease? In this case, we could take a short position, which is the same technique that made some people boatloads of money during the 2008-2009 housing bubble.

To be able to take short positions, we need to understand margin trading. Trading on margin means we are trading with borrowed money. On exchanges like Poloniex, we can trade Bitcoin with a handful of coins (there are fewer coins offered for margin trading) with 2.5x leverage. That is, if we own 1 BTC, we can borrow up to 2.5 BTC to trade with. To be clear, this is not 2.5 BTC that we own. Now, on a trade that nets us 10% profit, we are bringing home .25 BTC instead of .1 BTC.

Like any other loan, this borrowed Bitcoin must be paid back with interest. On losses, you will need to pay back the loss and the interest. Poloniex offers up a great guide to margin trading that explains everything you need to know. Its worth reiterating that the estimated liquidation price is the price at which a forced exit from our position would occur, costing us all of the Bitcoin in our margin account so that it may be used to pay back the borrowed coin. Utilizing stop limits to avoid this is almost always a good idea.

It is NOT recommended to be taking long positions on a margin trade as an inexperienced trader.

So lets take our hypothetical 1 BTC from before and take a short position on Ethereum. We are able to borrow 2.5 BTC worth of ETH and sell it. 30 minutes later, the price of ETH has plummeted 10%. Now we can close our short position, buying back 2.5 BTC worth of ETH; except now, since the price has dropped, we are buying more ETH than what we sold. Our borrowed coin can be payed back and we take the rest as profit!

The idea here is simple: were going to buy a cryptocurrency on one exchange, and sell it on another. You may have noticed that the price of a cryptocurrency is often not the exact same on each exchange. How to take advantage of this is best described in this post.

Sure, it can be difficult to have a constant eye on the price of a coin on every exchange. Luckily traders have already built bots that can help and open sourced them for others to use.

Weve come a long ways in our path to becoming crypto traders, but there are still some very important things to learn. So far, weve learned how to do a fundamental analysis of a cryptocurrency, and that its important to do this so that we fully understand them before investing. But as traders, we need to understand what kinds of things tell us when should buy or sell. We need to understand technical analysis.

Technical analysis is the study of past price patterns. This will allow us to identify opportunities for profit. The cryptocurrency market, maybe more than any other market, has a herd mentality. The tendency, especially with inexperienced traders, is to buy when the price is raising, and sell when the price is dropping. We can take advantage of this with technical analysis.

This skill is much tougher to nail down that fundamental analysis. In todays world, everyone should be able to read up on a cryptocurrency and stay up to date with news because all the information is at our fingertips. To become a truly successful trader, we need to be using both fundamental and technical analysis all the time.

Bottom line: technical analysis is not a strategy. It is one of the tools we will use to help execute our strategy.

Identifying an opportunity does not mean you should dump 100% of your funds into a coin.

Coinigy is an incredibly powerful tool for anyone who is serious about crypto trading. This video from their team explains exactly what it can do for you, but to put it in laymans terms: It makes technical analysis a breeze and really simplifies the process of trading across several exchanges. It costs $15 a month and is at least worth trying out the the free 1 month trial to see how you like it.

TradingView offers the best chart reading software there is. Its also free (with ads that will go away with a paid plan). It helps out a ton with technical analysis, but does not connect with your exchange accounts to allow trading like Coinigy.

Remember those candlestick charts we see on every exchange? By studying them, we can find indicators, and understanding what these indicators mean can help us better predict the future price of the chart. There are tons of indicators and they can take some practice to become adept at identifying. You may find it easier to focus on practicing to identify them one by one until you become comfortable with them, slowly building your repertoire until you feel youre ready to go full boar with your trading career.

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Trading Cryptocurrency in 2018: The Definitive Guide

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How would one operate a Cryptocurrency Mining Pool and …

Please notice questions 12 through 14 in the FAQs of the notice. Of particular note are questions 13 and 14:

Q-12: Is a payment made using virtual currency subject to information reporting?

A-12: A payment made using virtual currency is subject to information reporting to the same extent as any other payment made in property. For example, a person who in the course of a trade or business makes a payment of fixed and determinable income using virtual currency with a value of $600 or more to a U.S. non-exempt recipient in a taxable year is required to report the payment to the IRS and to the payee. Examples of payments of fixed and determinable income include rent, salaries, wages, premiums, annuities, and compensation.

Q-13: Is a person who in the course of a trade or business makes a payment using virtual currency worth $600 or more to an independent contractor for performing services required to file an information return with the IRS?

A-13: Generally, a person who in the course of a trade or business makes a payment of $600 or more in a taxable year to an independent contractor for the performance of services is required to report that payment to the IRS and to the payee on Form 1099-MISC, Miscellaneous Income. Payments of virtual currency required to be reported on Form 1099-MISC should be reported using the fair market value of the virtual currency in U.S. dollars as of the date of payment. The payment recipient may have income even if the recipient does not receive a Form 1099-MISC. See the Instructions to Form 1099-MISC and the General Instructions for Certain Information Returns for more information. For payments to non-U.S. persons, see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities. (Bolding Added)

Q-14: Are payments made using virtual currency subject to backup withholding?

A-14: Payments made using virtual currency are subject to backup withholding to the same extent as other payments made in property. Therefore, payors making reportable payments using virtual currency must solicit a taxpayer identification number (TIN) from the payee. The payor must backup withhold from the payment if a TIN is not obtained prior to payment or if the payor receives notification from the IRS that backup withholding is required. See Publication 1281, Backup Withholding for Missing and Incorrect Name/TINs, for more information. (Bolding added)

If you are going to operate a mine pool, you will want to carefully review the publications mentioned above to make sure of reporting. For any miners you will supply, you will want to get their SSN, ITIN, or EIN through a W-9. If they are a foreign entity, see Pub 515 about those requirements. If any individual/entity refuses to provide you with their information, take note of the Backup Withholding requirement mentioned in Publication 1281 because the IRS will hold you responsible for these taxes. It is entirely possible that an individual/entity does not give you accurate information. When this happens, the IRS will advise you that their reportable income amounts are subject to backup witholding (28% of their reportable income amounts).

There’s obviously more to this, but hopefully this overview provides guidance for you so you can plan your endeavor.

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How would one operate a Cryptocurrency Mining Pool and …

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Coinbase cryptocurrency index fund – Business Insider

A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica Thomson Reuters

Coinbase, the cryptocurrency trading platform, announced Tuesday the launch of an index fund which will allow investors to put money into a basket of four of the largest cryptocurrencies.

The so-called Coinbase Index Fund will give investors access to the digital currencies listed on GDAX, the exchange operated by Coinbase. It will be weighted by market capitalization and will adjust when new coins are added to the exchange.

The breakdown of the fund is as follows: 62% bitcoin, 27% ethereum, 7% bitcoin cash, and 4% litecoin. Investors can start signing up for the product, but it won’t be live for a couple of months, according to a spokesperson for Coinbase.

The index fund wouldn’t be the first one to hit the market. Bitwise Asset Management, for instance, operates a crypto index fund, holding ten cryptocurrencies weighted by market capitalization.

Coinbase Coinbase product manager Reuben Bramanathan told Business Insider in a phone interview that the product reflects the growing demand on the part of institutional investors and high-net-worth individuals looking to dive into the market for digital coins, which stands at about $500 billion in value.

“We are seeing new investors coming to the market because they see an asset that is not correlated and outperforms, but they don’t know which ones to buy,” Bramanathan said.

At this point, the product is open to only accredited investors because the company wants to wait on more clarity from the Securities and Exchange Commission on bitcoin-linked financial products, which the SEC pumped the brakes on.

In a letter signed by Dalia Blass, the SEC’s director of the division of investment management, the agency said: “There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to investors.”

Bramanathan expects there is strong retail demand for an index fund product.

The move is a slight departure from Coinbase’s main business of facilitating trading in the cryptocurrency market.

But the company’s general manager Dan Romero told Business Insider’s Becky Peterson that he is trying to build Coinbase into the Google of cryptocurrency. As Peterson pointed out recently, if there is one thing we know about Google, it is that they are always gate-crashing new markets.

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Coinbase cryptocurrency index fund – Business Insider

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