The “Experts” Are Getting Crypto All Wrong

Bitcoin peaked about a month ago, on December 17, at a high of nearly $20,000. As I write, the cryptocurrency is under $11,000… a loss of about 45%. That’s more than $150 billion in lost market cap.

Cue much hand-wringing and gnashing of teeth in the crypto-commentariat. It’s neck-and-neck, but I think the “I-told-you-so” crowd has the edge over the “excuse-makers.”

Here’s the thing: Unless you just lost your shirt on bitcoin, this doesn’t matter at all. And chances are, the “experts” you may see in the press aren’t telling you why.

In fact, bitcoin’s crash is wonderful… because it means we can all just stop thinking about cryptocurrencies altogether.

The Death of Bitcoin…

In a year or so, people won’t be talking about bitcoin in the line at the grocery store or on the bus, as they are now. Here’s why.

Bitcoin is the product of justified frustration. Its designer explicitly said the cryptocurrency was a reaction to government abuse of fiat currencies like the dollar or euro. It was supposed to provide an independent, peer-to-peer payment system based on a virtual currency that couldn’t be debased, since there was a finite number of them.

That dream has long since been jettisoned in favor of raw speculation. Ironically, most people care about bitcoin because it seems like an easy way to get more fiat currency! They don’t own it because they want to buy pizzas or gas with it.

Besides being a terrible way to transact electronically – it’s … Read more

Bitcoin Wallets – All Aspects Explained

BITCOIN STORAGE

Bitcoin is a famous digital currency and it is unlike the physical or traditional currencies used across the globe. This is a completely different type of currency because it doesn’t exist in any physical form or shape in the world. They are basically stored technically and used in the internet world. If you want to use bitcoin, it is necessary to have a bitcoin wallet.

What is a bitcoin wallet?

Generally, a wallet for Bitcoin is a software program where bitcoins are safely stored. A wallet is similar to a virtual bank account and allow the person to send or receive bitcoins and save the bitcoins. Those people who use bitcoin and have balance, they receive a private key or secret number for every bitcoin address which is saved in the bitcoin wallet. Without the private key a bitcoin transaction is not possible. You can use your Bitcoin wallet from anywhere in the world.

The main reason behind obtaining a bitcoin storage wallet is to use bitcoin easily and safely. It is a digital wallet that can run easily on your smart phone and computer devices. If you are concerned with hacking, then it is the best option because it gives full security and safety of your bitcoin.

Different forms of a bitcoin wallet

There are several different forms of a bitcoin wallet and each of them are used as per their requirements.

The four main types of a bitcoin wallet are as mentioned as below:

• Mobile… Read more

The Definition of Bitcoin

Bitcoin is known as the very first decentralized digital currency, they’re basically coins that can send through the Internet. 2009 was the year where bitcoin was born. The creator’s name is unknown, however the alias Satoshi Nakamoto was given to this person.

Advantages of Bitcoin.

Bitcoin transactions are made directly from person to person trough the internet. There’s no need of a bank or clearinghouse to act as the middle man. Thanks to that, the transaction fees are way too much lower, they can be used in all the countries around the world. Bitcoin accounts cannot be frozen, prerequisites to open them don’t exist, same for limits. Every day more merchants are starting to accept them. You can buy anything you want with them.

How Bitcoin works.

It’s possible to exchange dollars, euros or other currencies to bitcoin. You can buy and sell as it were any other country currency. In order to keep your bitcoins, you have to store them in something called wallets. These wallet are located in your pc, mobile device or in third party websites. Sending bitcoins is very simple. It’s as simple as sending an email. You can purchase practically anything with bitcoins.

Why Bitcoins?

Bitcoin can be used anonymously to buy any kind of merchandise. International payments are extremely easy and very cheap. The reason of this, is that bitcoins are not really tied to any country. They’re not subject to any kind regulation. Small businesses love them, because there’re no credit card fees … Read more

Easy Ways Of Turning Bitcoin Trading Volatility In Your Favor

It would be true to say that Bitcoin has enjoyed a real explosion as far as popularity goes when we are talking about cryptocurrency. This very popular cryptocurrency has hit among investors, traders and consumers and everyone is working to make a kill trading in Bitcoin. It has so much to offer as far as lower fees, transaction speed and increasing value which could be the reason why most people choose it for their trading. This is, however a turbulent market and to make it big you need to be a very smart trader when selling and buying it. With dedication and discipline, you can turn Bitcoin volatility in your favor. Here are simple but effective ways you can do just that.

Keep up with the latest Bitcoin news

News items may not all have an impact this currency, but the truth is that there are some items that could greatly influence its price. By gaining access to Bitcoin related news and live news feed for typical news, you could end up catching something on time so you make decisions that will bring you good luck with your trading. It helps to always be up to date with Bitcoin news and other unexpected news that could have an impact on its performance.

Use stop losses to your advantage

Whether you are just starting with your trading or you have been at it for a while, you need to be prepared for times when losses are inevitable. Nobody trades expecting to … Read more

Crypto TREND – Second Edition

In the first edition of CRYPTO TREND we introduced Crypto Currency (CC) and answered several questions about this new market space. There is a lot of NEWS in this market every day. Here are some highlights that give us a glimpse of how new and exciting this market space is:

World’s largest futures exchange to create a futures contract for Bitcoin

Terry Duffy, president of the Chicago Mercantile Exchange (CME) said “I think sometime in the second week in December you’ll see our [bitcoin futures] contract out for listing. Today you cannot short bitcoin, so there’s only one way it can go. You either buy it or sell it to somebody else. So you create a two-sided market, I think it’s always much more efficient.”

CME intends to launch Bitcoin futures by the end of the year pending regulatory review. If successful, this will give investors a viable way to go “long” or “short” on Bitcoin. Some sellers of Exchange-Traded Funds have also filed for bitcoin ETF’s that track bitcoin futures.

These developments have the potential to allow people to invest in the crypto currency space without owning CC’s outright, or using the services of a CC exchange. Bitcoin futures could make the digital asset more useful by allowing users and intermediaries to hedge their foreign-exchange risks. That could increase the cryptocurrency’s adoption by merchants who want to accept bitcoin payments but are wary of its volatile value. Institutional investors are also used to trading regulated futures, which aren’t plagued … Read more

Things You Should Know About Bitcoin Black

What is Bitcoin Black?

Bitcoin Black is basically the cryptocurrency of the people, by the people for the people. It will be adopted for use as a peer 2 peer payment system which gives the power back to the people.

If we talk about Bitcoin, Bitcoin has failed at this, real value comes from real use of the ecosystem and empowering people. Bitcoin transactions are slow and expensive, and it can be said that Bitcoin is somewhat centralized. Bitcoin takes power of people because it is heavily manipulated and through cycles that discourage participants from cryptocurrency in general.

People buy bitcoin to get rich, not to be involved in the ecosystem. The one percent elite takes advantage of bitcoin and creates discouragement, strategically increasing the price and attracting entry for the dream of wealth and dumping coins for their benefit. In fear of adoption. Bitcoin is completely controlled, pumped and manipulated at will, for many different reasons.

Bitcoin Black is focusing on solving these problems as the coin is a cryptocurrency with a fair distribution Airdropped to 1 Million wallets prior to IEO which all funds will go to community groups voted by the community to move the project forward with focus on fair distribution, mass adoption, usability, education, ease of access, simplicity and community.

The goal is to make it a real decentralized autonomous network giving back power to the people. He does not belong to a group, but belongs to many branches of the community.

Distribution of Coins… Read more