Category: Bitcoin

Bitcoin Are A Good Investment Only If You Can Afford To Lose Them All Guardian Liberty Voice

Bitcoin are a good investment only if you can afford to lose them all, according to Bitcoin Foundation executive director Jon Matonis. This is no hyperbole. He was not …

Bitcoin are a good investment only if you can afford to lose them all, according to Bitcoin Foundation executive director Jon Matonis. This is no hyperbole. He was not kidding.

A reliable and authentic source of news is essential for the traders for buying and selling the coins. The investment is done through the strong hands to get the desired results. You can rely on the news available to have benefits and profits while trading in bitcoin securities at the bitcoin exchange.

“Imagine going to make a bank deposit and being told by the teller not to make the deposit if you cannot afford to lose the money. Would you still make still make the deposit? Of course not, but that is exactly what the Bitcoin industry is telling its customers.”

That is about what New York Times Op-Ed columnist Joe Nocera has to say about the whole thing in a recent column on the subject. He does not like them very much.

Nocera, a veteran business commentator, points out the critical fallacy behind the Bitcoin movement: the coins are worth only what the people who want them think they are worth and that may not be the same as what the people who now own them think they are worth. Unlike fiat currencies, the stuff people used to call paper money, the only thing standing behind the Bitcoin is the belief that only a limited number of them will ever be produced and, therefore, the value of the Bitcoin that are in circulation can only increase in accordance with the laws of supply and demand.

Not so fast, Bitcoin hucksters. How does an investor know whether the Bitcoin limit is going to be adhered to?

Under Bitcoin theory the Bitcoin, unlike fiat currencies controlled by national governments, is not under any one person’s control….except for the Bitcoin Foundation, which is responsible for continually adjusting the difficulty of solving Bitcoin equations to regulate the flow of Bitcoin from the efforts of the Bitcoin miners…and keep them from depleting the Bitcoin reserves too quickly. The foundation is the invisible hand that controls the market.

There is a finite limit to the total number of coins that will ever be minted: 21 million Bitcoin. It is built into the system, theoretically. When that number of bitcoin have been minted, the system will stop issuing new ones…forever. When that happens, the Bitcoin miners who are currently maintaining the system will stop doing so because there will be no more rewards in the form of new Bitcoin. Also when that happens, the security system that is based upon the Bitcoin miners efforts may very well begin to unravel.

In the meantime, there are people who are making – and losing – huge fortunes on the Bitcoin market, as well as wannabees who are just losing their shirts.

That’s another problem. Like any other zero sum game, where there are winners, there have to be losers. Every time someone sells a stock or bond, someone makes out and someone loses out. However in the invisible world of the Bitcoin speculator, it is really hard to tell which is the side that is winning.

In reality, Bitcoin is rather like precious metals, precious gems, or even oil. Those commodities are really quite common. There are huge reserves of them all in the ground, but it is getting more and more expensive over time to get those valuable commodities out of the ground, which forces their value, and their prices, up.

Gold fluctuates in value, but that is not just because of the relative value of the metal to the various currencies of the world, the effects of inflation and monetary manipulation. The other reason in the price of gold is the extraction cost of the metal. There are dormant gold mines all over the world, sitting idle while their owners wait for the price of gold to go up to the point where it becomes profitable to re-open the mines and start pulling out gold again. Each individual mine has its own extraction cost and, when the price of gold falls below the extraction cost, plus the profit margin the owners of the mine want, they shut down again. This is what accounts for the fluctuation in gold prices that don’t seem to be related to governmental monetary manipulation.

One of the main selling points for bitcoins was that governments were not in charge of the currency, as they are with fiat currencies. The people are, but which people would that be? Right now, that looks like the Bitcoin Foundation itself. The fox is in the hen house.

Bitcoin prices fluctuate according to such variables as rumor, mismanagement, collapses like Mt. Gox,or the introduction of the next generation of Bitcoin mining hardware. The more powerful the hardware, the faster the Bitcoin equations get solved and that increases the number of the virtual coins in circulation, reducing the value the investment in the existing Bitcoin. Whenever that happens, the Bitcoin Foundation increases the difficulty of the equation the Bitcoin miners have to solve, and the price goes up again.

There are three ways that Bitcoin mining is not like panning for gold: Gold doesn’t evaporate, it stays wherever it is put, and its value is absolute, because the relative values of fiat currencies are really expressible in terms of the value of an ounce of gold in each currency.With Bitcoin, the equation is reversed. The value of a coin is always expressed in terms of the exchange value into one fiat currency or another. Also the only way to get your money – or the value in the coins -out again is by selling them to someone who is willing to buy them. Since knowledgeable investors all know that there’s an endpoint to the Bitcoin experiment, who is going to want to buy those coins as the experiment winds down?

No one cares about the value of their local currency in Bitcoin. Bitcoin holders are very interested in the value of their holdings in terms of their local currency. Like the man said, Bitcoin are a good investment only if you can afford to lose them all. Just don’t be holding any when the music stops.

Trust Future Of Online Payments

The UTRUST project is based on the creation of a new online payment platform, which facilitates transactions between a seller and the buyer of his physical product or service; …

The UTRUST project is based on the creation of a new online payment platform, which facilitates transactions between a seller and the buyer of his physical product or service; as well as among investors and developers of initial currency offerings (ICO). These payments can be with criptomonedas or fiduciary currency, to act as an intermediary and providing better benefits than PayPal.

With this vision UTRUST, the startup installed in Switzerland with its development operations in Portugal seeks to solve the problem that exists with payments between the seller and buyer of goods or physical services with criptomonedas, either due to the lack of applications for it and the absence of agreements with traditional banking institutions and their instruments, as well as to solve the dilemma of buyers not having a robust system of consumer protection, with methods of repayment, not being able to adequately handle the finances of their businesses due to the volatility of the crypto active ones. This free cryptocurrency course will tell you more about the future of online payment and how crypto is going to play a huge part in that.

To do this, UTRUST seeks to implement its solution with a payment system where buyers can use their cryptoneses to buy goods and services, along with a scheme of consumer protection, acting as an intermediary as PayPal, and promoting an application that allows traders receive payments in fiduciary currency from crypto news, avoiding the volatility problems of the same.

The payment mechanism that they will offer with the development of their applications could be explained in the following steps: First, the buyer will be able to buy with any known criptomoneda with a low conversion rate or with UTRUST tokens, without commissions. These funds will then be converted immediately into fiduciary currency, to avoid price volatility effects. The system will then withhold the funds while the physical exchange takes place, releasing the funds to the seller after the change has been made successfully. Finally, the seller will receive payment in fiduciary currency, which he can use through his bank account or keep in his wallet, could even exchange that payment with another criptomoneda.

The project token (uTrust) is based on the Ethereum blockchain, with the ERC20 protocol, and has already been generated in its entirety. The distribution of the same has already started since August 25, which was sold to private investors and on the 28th of that month, a Pre-ICO was made, which together already raised $ 3.5 million and sold 15% of the generated tokens. 70% of the same will be distributed among the 7 rounds of ICO that will perform, wherein each one will be sold the 10% of created crypto active and when that amount is finished in each round, it will be passed to the next with a price higher than the previous. The rounds of its ICO begin this September 20, how to participate and more detailed information can get it on their website.

Master The Art Of Crypto Currency Earnings With These Awesome Tips

Introduction about cryptocurrency earnings Cryptocurrency is the type of payment that can be exchanged online for any goods and services. Many of the companies do have their own currencies. …

Introduction about cryptocurrency earnings

Cryptocurrency is the type of payment that can be exchanged online for any goods and services. Many of the companies do have their own currencies. These are also called as tokens. Cryptocurrency is mainly digital money. Cryptocurrencies primarily work by using the technology known as the block chain. 

The basic requirements of cryptocurrency earnings:

First, one should need to know that it is not possible to start successful crypto trading without having any experience. If someone wants to invest in the virtual coins, one will need to get some basic information. 

One need to learn some of the following facts:

  1. The ways to analyze the crypto coins
  2. The ways of using the charts and quotations
  3. The way of opening deals on the crypto exchanges.  

Top methods used to earn the cryptocurrency  

  1. One can earn the cryptocurrency by buying. Buying cryptocurrency is an easy task. One can buy these currencies from the Bitcoin ATM with some cash or credit. But buying from an ATM has high transaction fees. Some of the websites do offer these currencies at a lower rate.
  2. Mining is a great way to get some of the crypto coins. In the case of mining, a person uses the computer to solve some complex mathematical equations which mainly validate blocks of the transactions. All the cryptocurrencies are mainly created inside the protocol, but the same must be validated to be available on the market.
  3. One can earn crypto by stacking. There are mainly two methods of validating the blocks, i.e the proof of work and proof of stake. In the case of PoW, the users do the mining the blocks and then confirm the transactions through pure computational power, but pos works totally differently. In the case of a Proof of Stake system, the person has to confirm the creation of a new block, which is mainly chosen in a deterministic way, based on the number of the coins he already holds. 

Discord is the open-source application that was primarily designed by gamers to communicate with some other gamers.  There are some of the Best Discord Crypto Trading Groups where one can join to gain some of the best tips and advice about the cryptocurrency.

Cryptocurrency trading mainly offers good opportunities for getting huge income. 

Top Four Tips For New Bitcoin Investors

If you are a newbie in the world of Botcoin investing, here are some of the essential tips for you: Conduct Research One of the most important things that …

If you are a newbie in the world of Botcoin investing, here are some of the essential tips for you:

Conduct Research

One of the most important things that you need to do as a new bitcoin investor is to conduct your research. For you to make the right investment decision, it is important to arm yourself with the right knowledge and information. The good news is it is now easier to learn bitcoin online because there are sources and websites where you can learn everything about bitcoin such as the bitcoin code review. However, you must be very careful when choosing the right and reliable website.

Start Small

Another effective tip is to start small and observe first the market before putting in more money. It is better to let the prices of bitcoin come to you instead of chasing them. You have to keep in mind that timing is everything in investing in digital currency investing. Once the cryptocurrency price gets to the position that you want, you should not use all your capital to buy the coins. Take it slowly but surely. Buy only in small quantities. Always remember that any mistake might result to the most unfortunate event in investing – losing your money.

Diversify Your Investment

You should also be able to diversify your investment. Normally, no investor would put all of his coins in just one basket. You need to invest in other cryptocurrencies as well aside from bitcoin. This will help you grow your funds and at the same time, it will protect your funds from any possible risks. 

Safety and Protection

Lastly, you should keep your funds and coins from a reliable and reputable coin wallets. Always choose the ones that are tested and known by a lot of investors. There are hackers in the market as well so always protect your account.

Few Things You Should Know About Using A Bitcoin!

Using a bitcoin will help you in several ways, and for this, you need to go through each aspect wisely. There are several things through which you will become …

Using a bitcoin will help you in several ways, and for this, you need to go through each aspect wisely. There are several things through which you will become worthy of spending your money by using a bitcoin. As a money of expenditures in considering a bitcoin is a tricky situation. As a reason, we need to go towards each aspect.

 The benefit of using a bitcoin is that it will help you to transmit money from one source to another. Not only this, but you can also use bitcoin for selling goods and other resources. Bitcoin transactions are critical because it requires time as well as it is a cruel way through which you can transmit. Just like using your wallet and considering it, you need to treat your bitcoin money similarly. 

How to secure your bitcoin wallet?

It works the same as your wallet did, and for getting more bitcoin transactions, you can get redirected here. The first thing which you need to consider is to secure your bitcoin wallet because it will help you to transfer money in different zones. Your bitcoin wallet contains a lot of different-different features, and that is the reason to concern your bitcoin wallet. Using a bitcoin will provide you safety and security both. As a reason, it is a severe kind of transaction for accommodating trading and purchasing goods.  

An individual need to wisely use bitcoin money and performing transaction from the buyers or the trader. If you want to protect your money, then you need to require excellent performance and practice. Therefore, it is an anonymous kind of transaction, and if there is any miss-conception happens, then no other party will compensate. It would help if you acknowledged each aspect wisely for considering bitcoin. 

The Bitcoin Juggernaut- The Beginning?

It is a well known fact that all those who are born into this world have to die and leave for another one day. The world only salutes the …

It is a well known fact that all those who are born into this world have to die and leave for another one day. The world only salutes the rising sun and ignores it when it has set and there is complete darkness.

Whenever somebody comes up with something new and innovative, the likes of which everyone has neither seen nor heard of before, he is obviously ridiculed and made fun of by the world but once he reaches the pinnacle of success, the very same people start worshipping him and swear by his name.

The crypto-currency or digital currency that began at the start of the 21st century is also a story that followed similar lines. When the prospect of going digital and online was presented, it was naturally made fun of and predicted as a complete washout idea.

But what happened was to be seen to be believed as it proved to be a thumping success with numerous people flocking towards it in a bid to take in a few drops of the ocean.

Bitcoin was the most popular branch in terms of market value which is taken as the deciding factor to determine the success based on the revenue that is generated. It did not follow the traditional centralized banking system as it did not have any financial institution to regulate it.

The evolution was indeed bumpy as it proved to be a failure regarding the security aspect, leaving it vulnerable to cyber criminals and the worst fears were finally realized as drug dealers and mafia found it to be a safe haven to flourish their business without fear of persecution by the authorities.

Their explanation is basically that when people themselves are corrupt in their conscience and put their head in the lion’s mouth, we (drug peddlers) are just showing them the way.