Ethereum Classic: Facts, figures and price

Ethereum Classic is a continuation of the well-known Ethereum blockchain. From the infrastructure to the target, the creators have left everything unchanged. Smart Contracts and dApps remain at the forefront, while the decentralized and censorship-resistant nature of the blockchain remains paramount.

BitCoin, cryptocurrency & blockchain? What does it mean? Learn more about BitCoin, Cryptocurrency & Block Chain here!

Before we get right into the prices, here are some facts and figures about Ethereum Classic (ETC):

• Cryptocurrency: Ethereum Classic (ETC)
• Publication: 2015
• Consensus Algorithm: Proof of Work

Ethereum (ETH): Second generation cryptocurrency

Just like other cryptocurrencies, Ethereum is based on state-of-the-art blockchain technology. Ethereum itself is not a pure cryptocurrency, but can be used for blockchain projects of all kinds. As a decentralized ecosystem, Ethereum is therefore also often used as an open protocol for decentralized applications, such as smart contracts. Ethereum’s own cryptocurrency is called Ether – ETH for short.

• Ethereum

Intraday (current daily price during the course)

The current Ethereum Classis price during the day.

Month: 30 days review of ETC

Here you can see the Ethereum Classic rate for the last 30 days.

Year in progress: 12 months

Here you can see the Ethereum Classic rate for the last 12 months.

Total runtime

Here you can see the Ethereum Classic rate for the entire term.

Crypto Alternatives: Bitcoin, EOS and Litecoin

There are now over 4,500 cryptocurrencies. While that sounds like a large amount, only just under 100 of them reach a daily trading turnover of $1,000 or more. Other popular crypto alternatives to Ethereum Classic include Bitcoin, EOS, and xxx! You can find out more about the individual cryptocurrencies here.

Bitcoin (BTC): pioneer of cryptocurrencies

Bitcoin, or BTC for short, is now not only the best-known cryptocurrency in the world, but is also considered the first cryptocurrency ever. The first digital currency was invented by Satoshi Nakamoto. Who is behind it is still a mystery today. One thing is clear, however: Bitcoin has revolutionized the financial world forever.

• Bitcoin

EOS: The improved Ethereum 2.0

EOS is rightly enjoying its popularity. After all, it is not only a cryptocurrency, but also a complete platform for blockchain-based applications. Thus, smart contracts and dApps can also be created with EOS. Compared to Ethereum, transactions are free and in case of a hacking attack, the blockchain is restored to its previous intact state. The makers of EOS.IO have also abandoned the previously popular Proof of Work consensus algorithm.

• EOS

Litecoin (LTC): Fast hashing thanks to Skrypt

As a digital currency, you can use Litecoin to pay for services and goods. The cryptocurrency is also very popular as an investment and in currency trading. The special feature of Litecoin: The hash algorithm Scrypt allows an increased transaction speed – while the integrity of the blockchain is still guaranteed!

• Litecoin

Cryptocurrencies: List

BitCoin, BitCoin Cash, Ethereum, Litecoin, Dash, Ripple, Zcash or Binarcy Coin: they are considered the answer to traditional means of payment. The digitization and decentralization of money makes banks superfluous. Only buyers and sellers are responsible for the control and security of their digital money. You too want to invest in Bitcoin & Co? We have an overview of the most popular cryptocurrencies here.

• Cryptocurrencies: List

Cryptocurrency explained: Blockchain, Investments & Co.

Cryptocurrency is nothing more than digital money. Here, all the important data around the holder and transaction is encrypted and stored. Instead of storing all this on just one server, the transactions are found in a decentralized network – also called: The Blockchain. This technology makes transactions faster, more secure, and less expensive than they would be otherwise. Sounds like the future? Read our analysis here: cryptocurrency development.

No investment advice or purchase recommendation!

All information provided here does not constitute investment advice or a recommendation to buy. All statements are my general published opinion. I have obtained the information from my experience as a private investor. This experience report cannot and is not intended to replace personal investment advice from professionals.

Owning and trading cryptocurrencies brings many advantages. Transactions take place directly between the buyer and seller. It is a decentralized network. So, unlike a bank transfer, exchange and bank fees are eliminated, as are transfer limits and unnecessary waiting times. Bitcoin trading is therefore not only uncomplicated, but also anonymous and secure. Instead of the own name, all crypto assets are managed with an identification code. The blockchain technology also ensures that transactions are constantly checked in advance, making any manipulation and forgery almost impossible. Learn more about the technology, course and trade explained here: BitCoin, cryptocurrency & blockchain.

Reading tip: Which app do I use to buy and sell shares, cryptocurrency & Co. Here is the answer! My recommendation: Trading App.

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Trading with Bitcoin, Ethereum, Litecoin & Co.

The cryptocurrency Bitcoin is now a household name. It is the most popular, but by far not the only one. In the meantime, several new creations have emerged. Some of the others are Bitcoin enhancements. Thus, there are now over 4,500 cryptocurrencies. While that sounds like a large amount, only just under 100 of them achieve a daily trading turnover of $1,000 or more. Other popular cryptocurrencies are Ethereum, Ripple and Litecoin.

Cryptocurrencies – List

Here you can find a selection of interesting digital currencies:

Binance Coin (BNB)

• Binance Coin (BNB)

Bitcoin Cash (BCH)

• Bitcoin Cash (BCH)

Bitcoin (BTC)

• Bitcoin (BTC)

Cardano (ADA)

• Cardano (ADA)

Dash

• Dash

EOS

• EOS

Ethereum

• Ethereum

Ethereum Classic (ETC)

• Ethereum Classic (ETC)

IOTA (MIOTA)

• IOTA (MIOTA)

Litecoin (LTC)

• Litecoin (LTC)

NEO

• NEO

Ripple (XRP)

• Ripple (XRP)

Stellar (XLM)

• Stellar (XLM)

Tezos (XTZ)

• Tezos (XTZ)

TRON (TRX)

• TRON (TRX)

ZCASH (ZEC)

• ZCASH (ZEC)

Questions and answers: cryptocurrency

So now you know what the blockchain technology is, what cryptocurrencies there are and what advantages trading Bitcoin and Co. brings with it. Finally, you will get all the important questions about trading with cryptocurrencies answered:

Which is the best cryptocurrency?

The best cryptocurrencies include the classic Bitcoin, as well as IOTA, Ripple, EOS, Litecoin, Binance Coin and Tether.

Which cryptocurrency has a future?

According to forecasts, Bitcoin, Ethereum, Ripple and NEO have the most potential to increase in value in the future.

Are gains from cryptocurrencies tax-free?

The speculation period for cryptocurrencies is one year. If a profit of 600 euros or more is made during this period, the total profit must be taxed. So if the coins are left in the wallet for at least 12 months and only paid out after the speculation period, no taxes are due.

Should you invest in cryptocurrency?

Only invest in cryptocurrency if you are familiar with blockchain technology, different currencies and wallets. After all, this is a decentralized network based solely on demand. So always be aware of the risks and only invest if you are really sure and familiar with cryptocurrency trading.

Cryptocurrency: reading tips

1. Trading App: Recommendation
2. Trading strategies

Trading App: Recommendation

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• Trading App

Trading strategies

Whether it’s crytocurrency, currency trading, stocks, commodities or precious metals, these 3 strategies will help you understand the basic stock market game. I developed these 3 strategies to help beginners and novices understand the mechanics in a nutshell. Since I grew up with Bitcoin rather than stocks, here in particular a strong reference to digital currencies. But the mechanisms or strategies are the same for these 5 investment types: crytocurrency, currency trading, stocks, commodities or precious metals. I would exclude ETFs and index funds, as the risks and price fluctuations are significantly lower here.

• Trading strategies

Did you already know? Open transactions in the blockchain

Cryptocurrency itself is, simply put, a coded chain of data. The so-called blockchain.

How does cryptocurrency work?

Everything is set up as a P2P network (peer-to-peer). Data is therefore stored in a decentralized manner. All data blocks are linked to that of the predecessor. Within this distributed database, all transactions are actually known!

The whole thing is therefore a network in which cryptographically signed messages are published – technical term: blockchain. You want to have a look at these transactions? Here you can see live how individual trades sometimes sell up to 100 Bitcoins and how sums in the millions go over the table:

• Bitcoin transactions – live on blockchain.com
• Ethereum transactions – live on blockchain.com

Appraisals: Specifications, experts and market

Unless legal regulations require the appointment of an expert, you will receive a realistic valuation of your property in the regional and national market with a real estate appraisal. We provide timely and accurate valuations of land, residential and commercial properties.

However, if the valuation is to be presented in court, for example in the case of a divorce, experts must be consulted for a fee. The residential or rental property is inspected on site. As a rule, both a written and a digital copy of the appraisal are issued.

This officially recognised market value appraisal has its price. In principle, the appraisal fee depends on the expected market value of the property as well as on the effort required to prepare the appraisal.

Fees for architects and engineers (HOAI)

However, expert fees are still often based on the Ordinance on Fees for Architects and Engineers (HOAI) of 2002, which has no longer been binding since 2009, but since then there has been no fixed regulation for expert opinions and valuations.

Fee in principle freely negotiable

This means that you are basically free to negotiate the fee with the real estate appraiser. Before you commission an appraiser, you should obtain several offers. We will be happy to assist you in selecting and commissioning an appraiser from your region.

In accordance with a guideline of the Bundesverband Sachverständiger (B.V.S. Sachverständiger), the fees for appraisal services are determined on the basis of the property value. Other special features of the property, such as residential and heritable building rights and rights of way, are added.

Appraisal fees: Property value sets the price

If the property is valued at 300,000 Euros, the appraiser’s fee according to the guidelines of the B.V.S. Sachverständige amounts to 1,800 Euros. Since a right of way was additionally appraised, a surcharge of 20 percent = 360 euros can be invoiced. The costs for the expert thus amount to a total of 2,160 euros.

Offsetting with broker commission

If you work with experts when selling the apartment or house, they will prepare a free valuation for your property as a first step.

This initial valuation can serve as a basis for you to decide for or against a sale. After the initial decision, an official value appraisal by a sworn expert can be obtained at any time if required.

Your valuation partner will cover the costs incurred in the event of a sale through the brokerage fees.

The determined optimal price range for your property relates directly to your region and the location on the regional real estate market. The valuation of real estate experts enables the optimal placement of your property throughout Germany.

Don’t limit yourself to local real estate agents

Without financial obligations you receive a professional valuation by real estate agents, with whom you subsequently cooperate for the sale. Experts are experienced in the market and know the prices of comparative properties in your area homes.

The comparative value can also be determined for undeveloped land. The comparative value method only takes into account properties in similar locations and with a comparable layout. The properties included in the valuation should be from the immediate vicinity of the residential property.

The comparative value method is considered to be particularly realistic. It is frequently used to determine the value of properties, as the locations are relatively comparable from region to region.

Valuation for the sale of real estate

All important information about the valuation of real estate sales summarized for you: Valuing a property.

Income approach: Breakdown of market value & building income value

The capitalised earnings value method divides the property into the market value of the land and the building income value.

Land value interest = 7 percent * 100,000 euros = 7,000 euros

Building income value = 5,600 Euro * 12.50 (multiplier) = 70,000 Euro

This includes rental income, maintenance costs and costs for managing the land and building. Accordingly, the rental income less the management costs and the land value including its interest are compared.

• Capitalised earnings method

Material value method: Value for the new construction of a property

The calculation first uses the standard land value to determine the market value of the land, then the real value of the building is added.

The real value of the building is calculated on the basis of the building’s production costs less any reductions for age. The real value of the land (market value of the land) and the real value of the building are added together and multiplied by a real value factor.

Value in kind = (100,000 Euro + 150,000 Euro) * 0.5 = 125,000 Euro

The calculation of the asset value factor is based on the building type, the preliminary asset value and the standard land value. The total tangible asset value determined in this way indicates the financial resources that would be required to rebuild the property.

• Real value method

Comparative value method: Comparison of similar properties

The comparative value method compares your property with similar properties. It is used in particular for the sale of owner-occupied apartments and houses. The comparative value can also be determined for undeveloped land.

Price per square metre of the comparable property = 300,000 Euro / 100 sqm = 3,000 Euro per sqm

Purchase price of the property to be valued = 3,000 Euro * 200 sqm = 600,000 Euro

Only properties in similar locations and with a comparable layout are considered in the comparison. The properties included in the valuation should come from the immediate vicinity of the residential property. The comparative value method is considered to be particularly realistic. It is frequently used to determine the value of properties because the locations are relatively comparable from a regional point of view.

• Comparative value procedure

Insurance for house construction – for your safety

Most people are not aware that builders are generally liable for damage and accidents regardless of actual fault. Some insurances must therefore be taken out in advance to protect against risks so that the dream of owning your own home does not become a nightmare. But which insurances are obligatory to take out before the start of construction so that you can protect yourself?

Builder’s liability insurance – protection against accidents

Although your home is normally built by an external company, you are still liable for any damage caused by the construction site. If the excavation pit is not properly secured and a child falls in and breaks an arm, you are liable for the damage, even though it was not your fault. As the builder, you are legally obligated to ensure that the construction site is safe and to restore it if necessary. Private liability insurance does cover such damage, but only for very small construction sums up to 50,000 euros. In the case of a conversion or modernisation, this sum is sufficient, but you cannot build a new building from it. Therefore, protect yourself in advance with a so-called builder’s liability insurance. This takes over such damages and covers a building sum of usually 250,000 – 300,000 euros. Better be on the safe side, because an accident can happen faster than you think. Even if you have convinced yourself of the safety, you are probably not a professional and cannot assess the risk that exists. So that you do not expect any unpleasant surprises, take out the insurance before you start building.

Fire shell insurance – 2 in 1 insurance

Since the construction of a house usually takes a few months, the shell is exposed to a fire hazard. Damage to the shell by fire, lightning strikes or even explosions can cost the builder several 10,000 euros and delay the construction enormously. A lightning strike which causes a fire can lead to the fact that with the house building again completely from the beginning must be started. A bad idea, which is unfortunately more often reality, than one thinks. So in order to protect yourself as a builder against this danger, there is the fire shell insurance. With a normal house such damages would be covered by the building insurance, but not with a shell construction. Many insurance companies therefore offer fire shell insurance, which transfers directly to home insurance once the build is complete. A very good deal, then, in which you can cover many insurance claims during and after construction with one insurance policy. However, such insurance is not only important for you for financial and security reasons, but is also often required by banks in the loan, so that the construction loan is approved at all. Find the best rates: mortgage rates.

Construction work insurance – additional protection

A supplement to the fire shell insurance is the building performance insurance, because this takes over further cases that are not included in the fire shell insurance. Here, cases are insured, such as storm or flood damage, but also vandalism or construction and material defects are included. If materials are stolen from the building shell or if there is a riot in the building shell or things are broken into and destroyed, the building performance insurance will pay for the damages. These cases also happen more often than expected and it is better to protect yourself against them and play it safe than to run the risk of incurring additional costs.

Construction worker accident insurance – Insurance for helpers

When finishing the interior of the house, many builders rely on construction helpers, who can be friends or acquaintances, to save money. Acquaintances, family and friends who have experience in the field and know a thing or two about interior finishing are happy to help and thus facilitate the budget of the builder. However, it becomes problematic if the construction helpers get injured. If someone falls off a ladder or injures themselves with a tool, the first question is what insurance will cover it. In professional construction companies, the workers are covered by public liability insurance and accidents or injuries are covered by this. With construction workers, this is not the case and legally, the builder is liable first for accidents that happen in his home. Depending on the accident there can be huge costs to builders that were not factored in. So, anyone who is thinking of saving construction money by enlisting the help of friends or acquaintances to help with the interior work should consider in advance whether construction worker’s compensation insurance is not an option that should be used. It is better to invest a little money in insurance than to run the risk of being liable for damages yourself.

Liability insurance for land – Insuring against construction delays

Before the construction of a house can begin, a suitable plot of land must first be found. Since the plot is usually the first thing that is acquired, it is also the area that stands empty the longest. So, due to construction delays or the like, the already purchased plot is sometimes empty for months. Nevertheless, you are the owner and as the owner you have obligations that you must follow even if you are not yet using the property or living on it. For example, as the owner, you are required to shovel snow and clear and grit the sidewalks in the winter. If you don’t do this and someone slips and is injured, you are liable for the damage that occurs on your property. So take out liability insurance for your property when the start of construction is delayed or when there is a risk of such damage, for example when building in winter.

Compare insurances – find the best offer

In order to protect yourself from risks and additional costs besides the enormous costs for your own home, you should therefore consider some insurances that make sense for you depending on your life situation and house construction. Before you take out these insurances, however, you should find out exactly what is really included in the respective insurance and which offer is the best for you. Both online and with consultants, you can compare different insurance with each other and thus increase your chance of a cheap insurance. Even if the benefits of different insurance companies are usually similar, the insurance premiums differ enormously, which is why it is worth looking closely and compare. So play it safe, compare insurances and find the perfect one for you that can protect you from all possible risks and unexpected expenses.

Water damage – insurance, cause and your rights

Whether it’s a leaky roof, a clogged drainage system or a faulty water pipe. Moisture is never a good sign, but some damage can be repaired more quickly than others. So as soon as you notice the consequences of possible water damage in your property, it’s time to act, because water and moisture spread faster than you think.

Causes of water damage – roof, drainage or a pipe after all

First of all, it is important to find out where the moisture comes from. And there are a variety of causes for this. Whether a leaking roof or a burst pipe. Depending on the cause, there are various ways to treat the water damage. Consult an expert and get good advice.

Damage to the roof

Often, damaged roof coverings or boggy roofs are the reason for moisture in the house. To prevent water damage caused by roof damage, you should regularly inspect all roof surfaces, whether flat or pitched, for damage. Particularly important places are chimneys, light and ventilation openings but also skylights. After heavy storms or thunderstorms it is worth checking the roof itself. A look out of the skylight or from some distance with binoculars allows you to discover even slipped or missing tiles or damage. A residential buildings insurance policy with storm and hail risk protects you from such damage. This covers the costs of roof repairs and renovations in the house after the penetration of moisture after rain, hail or storm.

Damage to the rain gutter or downpipe

Damage to broken or clogged gutters or downspouts can also result in water damage. During rain or thunderstorms, it is therefore worthwhile to check the rain gutter regularly. Leaks are easy to spot and major damage can be prevented. With rain gutters you should pay particular attention to the fact that they are usually not broken or have a leak, but are simply heavily contaminated with leaves, moss or dirt. The rainwater can then no longer drain off well and a backwater occurs which leads to the water overflowing. This can also cause water damage. Avoid this problem best by good maintenance of your gutters and remove leaves and dirt from them regularly.

Damage to the drainage

A drainage system can cause water damage if the ring drain is missing or blocked and the seepage water can no longer be properly drained. Soaked floors or walls can then be the result. You can prevent this with a moisture measuring device. This quickly checks whether there is water damage or not. You should invest in such a device, because the earlier water damage is detected, the lower the follow-up costs. Our investment guide shows all factors.

Damage to the water pipe

Damage to a water pipe is probably the most common reason for water damage. If you notice damp patches on ceilings or walls, you should check immediately to see if it is a faulty pipe. Check this by not using any water throughout the house. Neither at the tap, the dishwasher or washing machine, nor the toilet flush. If the water meter continues to show consumption, there is a leak in the line somewhere. Notify your homeowner’s insurance company immediately. This will cover the costs in the event of water or heating pipe damage.

Damage to the backwater protection of the sewage pipe

There is a so-called backwater level if construction is carried out below this level and pipes are laid, it must be clarified whether the backwater level is specified in the wastewater statutes. This backwater level is usually the upper edge of the street. In the event of exceptionally high precipitation, it can happen that water then backs up inside the house. In order to prevent this, there is the backwater protection of the sewage pipe which in this case leads the backed up water back into the sewage mains and thus prevents water damage in your house. So, check this fuse regularly, if any, to avoid such damage. These damages are not covered by the homeowners insurance and require the conclusion of a special natural hazards insurance.

Storm damage & rainwater – who is responsible for the damage?

Particularly heavy thunderstorms and rain lead again and again to flooded cellars and water damage. Especially in rented apartments, the question always arises afterwards who will take over the damage if the insurance does not take effect. In some cases, the tenant is in other but also the landlord to remove the damage, which depends in particular on what the damage is due.

If the damage can be attributed to faulty behaviour on the part of the tenant, he must also pay for it. For example, the tenant is obliged to ensure that no water enters the apartment through open windows during longer absences. It is also his duty to keep the balcony drain clean so that no water can enter through the balcony during a heavy thunderstorm. If he does not comply with these obligations and water damage occurs due to the tenant’s negligent behaviour, he must be liable for the damage.

The landlord, on the other hand, must generally pay for water damage caused by rain, storm or tempest and also remove it. Damage to furniture or furnishings caused by water damage must only be borne by the landlord if he is responsible for it. Such a case occurs, for example, if the landlord has not taken care of leaks in insulation, although the tenant has drawn his attention to it.

Insurance – what water damage is covered?

Water damage is not necessarily covered by insurance. It depends on the cause of the water damage whether the insurance will cover it or not. So before you take out an insurance policy, find out what is included. Building, storm and household insurance only cover water damage under certain conditions.

Water damage due to tap water

If the water damage was caused by tap water, for example, by a broken pipe or the like, the building and contents insurance usually takes over the cost of repair without any problems.

Water damage due to sewage

Water damage caused by sewage is only covered in certain cases. In such cases, the building and household insurance will only cover the costs if the water has leaked from a drainage pipe of the water supply. In this case, however, the insurance usually covers the costs without any problems.

Water damage due to a leaking roof or rainwater

Water damage of this kind is not normally covered by buildings insurance. This is because it only applies if the water has leaked from a water supply pipe system and not if it has entered through the roof. In this case, you could fall back on storm insurance if necessary. However, this only protects damage caused by a storm with a minimum wind speed of 60 km/h. In this case, the damage is not covered. In this case, the damage is insured if fixed building components such as roof tiles or well-sealed windows or exterior doors were damaged by the storm. In all other cases, the owner must pay for the damage himself.

Water damage due to flood

Water damage caused by floods must be insured separately and is not included in the building and household insurance. Flooding in this case means the inundation of land and soil caused by water bodies that have overflowed their banks.