The value of Bitcoin and many other cryptocurrencies are soaring fast and soaring high.
One Bitcoin is currently worth thousands of U.S. dollars. Bitcoins act as cash, but they’re mined through hard work that’s not all that different from mining gold.
Some of you are probably wondering whether or not you should get into the business of mining Bitcoin.
It’s not the “get rich quick” scheme that you might think that it is. If you mine Bitcoin correctly and consistently, the risk of the investment is worth it.
But there are some things you need to know before taking the dive into the mining world. Especially if you’re new to cryptocurrencies like Bitcoin.
Here’s how to mine Bitcoin when you know nothing about cryptocurrency.
First, let’s go over the basics of what bitcoin mining is.Read More
Most people are skeptical of cryptocurrency and cryptocurrency technology for a large number of reasons.
If you don’t know a whole lot about digital currency, it can be pretty intimidating. Especially since it doesn’t seem to be backed by anything.
First off, cryptocurrencies aren’t backed by any kind of central banking system. Because of this, many people question their intrinsic value.
But most people don’t know that the fact that most digital coins aren’t backed by a central banking system is actually what gives them most of their value.
It makes them different from traditional forms of money.
The decentralization of cryptocurrencies means that the possibilities for their use and value are truly limitless where centralized fiat currencies face regulation.
But what is the true value of cryptocurrency technology, simply put? Find out with this breakdown that any regular joe can understand.
First things first: what exactly are cryptocurrencies, anyway?Read More
Recently, many skeptics of cryptocurrencies have began to view Bitcoin and other altcoins as a serious investment.
However, some critics are still warning people against digital currency, calling Bitcoin “the most dangerous global scam in 20 years.”
They believe that cryptocurrencies aren’t worth all the hype.
They think that the price of Bitcoin is going to crash hard…and that when it does, investors who backed it will have already cashed out safely.
This belief stems largely from the fact that Bitcoin isn’t directly backed by any kind of government or bank.
But does that mean that Bitcoin and other cryptocurrencies are an unsafe investment? Or is decentralization what makes cryptocurrency so great?
Are Bitcoin, Ethereum, and other Cryptocurrencies just a bubble waiting to burst?
In this article, we’re going to find out.Read More
Bitcoin blew up last year.
It’s cooled off since then. But its value rose over 1,000% in a single year.
And yet, that wasn’t even the best-performing cryptoasset last year.
I know. I was shocked, too.
Instead, that award goes to Ripple.
All of the attention last year was on Bitcoin’s rise and the insane ICO market blowing up.
Despite all that, Ripple largely flew under the radar of the mainstream media. Even though this is where the smart investors were paying attention.
But… should it be worthy of more?
I’ve got to admit, I’m not the biggest fan of Ripple. It goes against the very idea of decentralized currencies.
But from a pure investment standpoint, I think it has a lot of potential.
Ripple did explode at the tail-end of the year. But was that just a temporary blip on the radar, or a sign of longer-lasting, sustainable growth?
Let’s find out.Read More
It takes a lot for some people to admit when they are wrong.
No one is right all the time. I know that I’m not. Even Warren Buffett can humbly admit when he is wrong.
The outspoken critic of cryptocurrency, Warren Buffett, in fact, does invest in cryptocurrency and has for sometime indirectly through his Berkshire Hathaway holdings. That said, it does not mean that we can expect to hear him eating crow on crypto anytime soon.
The recent acquisition by Poloniex by the Circle only adds to a growing portfolio of investments inside of Berkshire Hathaway from their portfolio investments. Hopefully, as those cryptocurrency assets grow, we might have the “Oracle of Omaha” admitting he was wrong about crypto from the beginning.
Last year, Buffett described his regret for missing out on Google and Amazon during an interview on CNBC’s Squawk Box in 2017. Even oracles can be wrong sometimes and admit it. Warren Buffett’s majority holdings are in banks and other financial service companies.
Banks get crypto. Buffett does not — at least not yet. Maybe Warren Buffett will subscribe to CryptoChill, and I can help him out too on the journey of discovery around cryptocurrencies for his investment portfolio. I’ll show you how the recent acquisition by cryptocurrency startup the Circle of growing digital token exchange Poloniex is good for crypto and even bitcoin and digital currency naysayers like the Oracle of Omaha, Warren Buffett.
You’ve heard the stories.
Someone had a huge quantity of Bitcoin. They thought it was secure, and they were excited for the huge gains they were going to make with Bitcoin’s recent surge into popularity.
But then the unexpected happened. They got hacked and lost it all.
We have all heard those sad stories of unfortunate people losing their Bitcoins. From online wallet hacks to desktop trojans watching for passphrases – the world of cryptocurrency storage is only in its early stages.
A realistic strategy is always needed when securing your digital assets – both for long-term storage and for everyday use.
I strongly believe that choosing a good wallet is the most important part of learning how to use Bitcoin. Using a safe storage solution is still not an easy task.
In fact, the most convenient wallet systems (web-wallets) are usually the most unsafe. Thankfully there are many extremely safe options for holding your Bitcoins.
Throughout this article, I’ll help you choose the best wallet for keeping your digital currency safe.
Let’s jump in!Read More
ICOs are attractive. They have the potential to 100x or more.
But they’re also incredibly risky.
Not just for the investors, but for the broader finance and investment community, too.
First off, a bunch of them are downright scams.
A ton also violate security laws in the U.S. That means even if they’re a short-term success, they’re a long-term risk.
And they’re threatening to bring more scrutiny over all the cryptocurrencies.
Polymath is the antidote. It’s a platform that helps companies issue securities tokens that allows for security to be baked into the process.
In other words, people are incentivized to bring new blockchain financial products to the market.
That should provide increased liquidity to the marketplace, on top of making regulators happy.
Plus, only verified buyers can purchase or trade these security-based coins.
So there’s greater marketplace visibility, resembling more traditional securities markets like the NYSE — without all the additional paperwork (still).
But is that a good thing or a bad thing?
Here’s my take on whether Polymath can become the next 50X coin (or not).Read More
You can look up the price of any currency.
In a few seconds, you can see what your dollars would be worth in pounds, pesos, or yen.
But what about Bitcoin?
Can you find out its price? And perhaps more importantly, what’s the real VALUE of Bitcoin? Is it worth the hype, or is the current valuation overblown?
In this article, you’ll learn the price of Bitcoin, what the experts are saying about its future, and what you can expect from the digital currency in the years to come.
Let’s jump in!
Almost everyday, people are posting on r/cryptocurrency asking the most undervalued coins. The comments are full of people shilling their bags – some are actually decent but most are garbage. “Great team, awesome tech, great community, cheap price, low supply” The usual B.S.
In this post, I’d like to share a true gem that I believe is a major sleeper and has real potential to 50x by the end of the year.
I will present to you exactly WHY I believe 50x is totally achievable and I suggest you DYOR (do your own research) and come to your own well reasoned conclusion rather than blindly buying it because some random guy on the internet said so.
You’ve heard about Ethereum, but you’re not quite sure what to make of it.
How is it different than Bitcoin? How does the technology work? And most importantly, is it a good investment?
Cryptocurrencies continue to creep more prominently into popular media and the public consciousness. Bitcoin is at the forefront of the industry, and is at the forefront as always.
Most people have a very rudimentary knowledge of Bitcoin as a currency, but very few have any understanding of Ethereum.
So are they (and you) missing out? That’s still up for debate.
There is plenty to know and admire about Ethereum. It could pave the way for technology in the future. Major influencers in the technology space have seen the tremendous value Ethereum’s underlying premises offer.
It not only provides an alternative cryptocurrency to Bitcoin, it opens up the opportunity to build applications that improve efficiency and reduce costs across industries.
Ethereum enables the use of “smart contracts,” which is changing the face of multiple industries through its many applications.
We’ll cover exactly what this industry-disrupting technology does in a minute. A brief summary is that these smart contracts allow you to set up automatic transfers, payments, and escrows with Ethereum.