Bitcoin is a cryptocurrency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. While the currency has been around for a long time, its popularity rose a few years ago when merchants started accepting it as a form of payment. In addition to using it in your transactions, you can also trade it thus making huge profits.

The benefits of trading the currency

There are plenty of reasons why you should consider buying the currency. Some of these reasons include:

Ease of entry: Unlike the stock market and other trading channels, there are almost no barriers to entry into the Bitcoin market. All you need to do is identify a seller that you can buy from. If interested in selling, identify a buyer, and you are ready to go.

Global: You can trade the currency from any part of the world. This means that a person in China can buy or sell Bitcoin to a person in Africa or any other place. This makes the currency significant as it isn’t affected by the economy of a single country.

It’s volatile: Just like the other currencies in the foreign exchange market, Bitcoin is highly volatile. This means that it quickly changes its price due to slight shifts in the economy. If you take advantage of the changes, you can make huge profits.

24/7 trading: Unlike the stock market that operates during the business hours, Bitcoin trading happens the entire day and night. … Read more

Investors from around the globe are trying to cash in on the volatile Forex market, by trading with the crypto-currency, Bitcoin. Well, it is quite easy to get started with online trading, but it is important for you to know that there are risks involved that you cannot afford to overlook.

As with any of the speculative or exchange markets, Bitcoin trading is also a dicey venture, which can possibly cost you a lot of money, especially if you don’t get it right. Therefore, it is essential for you to know about the risks involved, before deciding to get started with it.

If you are a newbie, who is interested in trading with Bitcoin, then you will need to first understand the basics of trade and investing.

Avoid the common errors that new traders generally tend to make

Invest wisely

Any kind of financial investment can bring losses, instead of profits. Similarly, with the highly unstable Bitcoin market, you can expect both, profits and losses. It is all about making the right decisions at the right time.

Most of the beginners tend to lose money by making the wrong decisions that are generally driven by greed and poor analytical skills. Experts say that you should not venture into trading, if you are not ready to lose money. Basically, such an approach helps you in coping up mentally for the worst possibilities.

Diversify the portfolio

First, successful traders diversify their portfolios. Risk exposure increases if most of your funds are allocated … Read more

The news this week is that several banks in the USA and the UK have banned the use of credit cards to purchase crypto currencies (CC’s). The stated reasons are impossible to believe – like trying to curtail money laundering, gambling, and protecting the retail investor from excessive risk. Interestingly, the banks will allow debit card purchases, making it clear that the only risks being protected are their own.

With a credit card you can gamble at a casino, buy guns, drugs, alcohol, pornography, everything and anything you desire, but some banks and credit card companies want to prohibit you from using their facilities to purchase crypto currencies? There must be some believable reasons, and they are NOT the reasons stated.

One thing that banks are afraid of is how difficult it would be to confiscate CC holdings when the credit card holder defaults on payment. It would be much more difficult than re-possessing a house or a car. A crypto wallet’s private keys can be put on a memory stick or a piece of paper and easily removed from the country, with little or no trace of its whereabouts. There can be a high value in some crypto wallets, and the credit card debt may never be repaid, leading to a declaration of bankruptcy and a significant loss for the bank. The wallet still contains the crypto currency, and the owner can later access the private keys and use a local CC Exchange in a foreign country to convert … Read more

The Bitcoin is a cybercurrency that has attracted a lot of media attention over the last couple of years, and continues to do so. Bitcoin was set up by an anonymous group or individual in 2009, who used the pseudonym Satoshi Nakamoto, after whom the smallest unit of Bitcoin currency is named. It is the first and arguably the most widely known cryptocurrency. Originally only of interest to the internet elite, the Bitcoin has gained wider appeal in recent years and commands respect in its own right on the foreign exchange.

How does Bitcoin work?

The finer details of how the Bitcoin works can be tricky to grasp, because it is not under central control like a conventional currency, but instead every transaction is collectively approved by a network of users. There are no coins and no notes, no bullion held in a vault, but the Bitcoin supply is finite, it will stop at 21 million. Every 10 minutes, 25 Bitcoins are found by Bitcoin “miners”, and every 4 years the number of Bitcoins released will halve until the limit is reached. This means that there will be no further release of Bitcoins after 2140.

Why do I need Bitcoin news?

The price has historically been very volatile, with significant peaks and slumps at intervals. Recently, the price of a Bitcoin leapt up more than 10-fold in just two months.In 2013 several Bitcoin Millionaires were made overnight when the value of their Bitcoin wallets increased dramatically. If you already hold … Read more

I have heard about bitcoin a couple of years back in 2013 and never expected it to grow into a strong cryptocurrency it is today. At the time of writing this article, it is trading on the market at a value higher than gold. This opened a window to many possibilities for me, as I’m already within the market to accumulate this digital currency and gold bullion on a daily basis.

With my experience, I gained knowledge and developed methods to use this cryptocurrency and build a wealth wheel of acquiring gold on a continuous basis using its power.

The following points are methods I use to accumulate bitcoin and gold bullion.

• Find a company that sells gold bullion
• Open an online bitcoin wallet
• Start mining bitcoin online or offline
• Purchase gold bullion with bitcoin

The above are the basic steps to accomplish the process and it requires specific methods to make it successful. In my opinion this is the best bitcoin strategy to accumulate gold and get it delivered to your doorstep every single month.

Find a company that sells gold bullion

There are many online companies on the internet that sells gold bullion, but there are very few that offers incentive programs once you become their client. You need to look for a company that offers much more than only selling gold bullion. This company needs to offer quality products, such as selling gold bullion in small sizes of 1 gram, 2.5 gram and 5 gram. The gold … Read more

Decentralized Finance, or “DeFi” for short, has taken the crypto and blockchain world by storm. However, its recent resurgence masks its roots in the bubble era of 2017. While everyone and their dog was doing an “Initial Coin Offering” or ICO, few companies saw the potential of blockchain far beyond a quick gain in price. These pioneers envisioned a world where financial applications from trading to savings to banking to insurance would all be possible simply on the blockchain without any intermediaries.

To understand the potential of this revolution, imagine if you had access to a savings account that yields 10% a year in USD but without a bank and practically no risk of funds. Imagine you can trade crop insurance with a farmer in Ghana sitting in your office in Tokyo. Imagine being able to be a marketmaker and earn fees as a percentage the likes of which every Citadel would want. Sounds too good to be true? It isn’t. This future is already here.

Building blocks of DeFi

There are some basic building blocks of DeFi that you should know before we move ahead:

• Automated market making or exchanging one asset for another trustlessly without an intermediary or clearinghouse.
• Overcollateralized lending or being able to “put your assets to use” for traders, speculators, and long-term holders.
• Stablecoins or algorithmic assets that track the price of an underlying without being centralized or backed by physical assets.

Understanding how DeFi is Made

Stablecoins are frequently used in DeFi because they … Read more