Bitcoin could very well not exist in 100 years…but, so what? Throughout history many currencies have gone bust. Some even in a relatively short period.
You’ve probably heard of bitcoin by now. That whimsical internet money that everyone seems to be talking about.
It’s divided the financial world unlike anything we’ve seen before. Some people believe it will usher in a new era of payments, others think it’s ballooning into the biggest scam the world has ever seen.
Either way it’s hard to ignore bitcoin and its incredible growth in recent years. Whether it’s going up or down it certainly isn’t boring. But you’re probably wondering what it even is?
Is it a currency? Is it a store of value? Is it a security?
The short answer is: It could be all three or it could be none of the above. Bitcoin is unlike any other financial instrument we’ve ever seen. And it’s still evolving right in front us every day.
Which is probably why you’re here.
Understanding what bitcoin is
Here we aim to demystify everything there is to know about bitcoin. We’ll help you understand what it is, what’s going on with it and maybe even tell you why you should or shouldn’t buy it. Including analysis on why the price is where it currently sits, and more importantly, where it’s headed.
Whether you’re a complete novice, or an experienced pro, we cater to everyone. Throwing away the unnecessary jargon and bias to bring you the cold, hard truth of the matter.
We can’t promise it will be easy, but we will keep it as simple as possible. After all, we’re here to help you make up your own mind on the matter. Believe us, it will be worth the effort in the long run.
Whether you’re an avid supporter or staunch critic, bitcoin isn’t going away anytime soon. Which is why it’ll be worth staying one step ahead of the rest. This is your chance to get a leg up over the mass media and the rest of the mainstream rabble.
The crypto craze
While you may be familiar with bitcoin, you’ve got to understand it’s not the only asset like it. Cryptocurrencies or ‘cryptos’ have burst onto the financial scene lately. You may have heard of some of them, such as: ethereum, ripple or litecoin.
These cryptos represent an entirely new marketplace. One where bitcoin is king. An investment market that is unlike any the world has ever seen.
The volatility in the crypto market is truly something else. Prices can see percentage gains in the hundreds or even thousands in mere hours. But, they crash just as hard, and just as fast. It’s unlike anything we’ve ever seen before. Which is why you have to keep your wits about you.
No room for dumb money
While bitcoin and cryptos represent a huge new opportunity there are still risks. There’s no regulation, no one to call when things go wrong, no rules at all. Make no mistake. This isn’t for the unprepared.
But, if you’re willing to learn and be patient there is opportunity. And a massive one at that.
You’ve already taken the first step by reading this, but there is more to learn. Find out everything you need to know about bitcoin today by reading the stories below.
Prominent investors keep on publicly dissing bitcoin. Yet we see signs everywhere that cryptos and blockchain are infiltrating the financial industry.
Regulation could destroy the cryptocurrency space, sending prices sharply lower. That’s why bitcoin is trading around US$9,000 today. The majority of institutions don’t take it seriously. So, is bitcoin a smart investment?
Cryptocurrencies exploded in 2017. Just looking at bitcoin, the price hit short of US$20,000 in December 2017. Yet cryptos haven’t done that well in 2018. Is the crypto revolution over?
After hitting lows at the beginning of April, Bitcoin seems to be slowly stabilizing at about US$9,000. Things have been much quieter this year in regards to cryptos. But, I don’t think this means cryptos…
So, what’s bitcoin’s real value? The truth is, no one can agree. But that’s what two economists recently tried to determine during a night out, that is, they tried to figure out bitcoin’s value. They…
As the crypto revolution takes off, we will be able to leave a broken financial system behind. The slow, inefficient and expensive system that caused the GFC and the dotcom bubble. And by staying in…
The crypto market is no stranger to big numbers. Filecoin raised $187 million in one hour in its ICO. Ark — a ‘blockchain platform’ — went up 1,000 times. Nano, whatever that is, rose 3,747…
Why are cryptos so interesting for the area? Apart from the attractiveness of recent gains, inflation and hyperinflation are both quite common in the area. As Bloomberg reports, trading volume in cryptocurrencies has increased quicker…
Blockchain is definitely allowing people to think about the future of money and how we use that money. And the rise of parallel currencies could increase competition for central banks. That is, if the central…
Overnight, something happened. Bitcoin’s price was trading at around US$6,900 and treading water. Then, in the span of 25 minutes, it shot up 16% to US$8,000. Though the question on everyone’s lips is, why?
Well, not exactly free. It does require you to do some work. As Bauch told Gizmodo, he bought several cryptos and put them in individual wallets. Each piece in the series has a secret key…
Have you heard the latest news? Twitter banned advertisements on cryptocurrency initial coin offerings (ICOs). Bitcoin fell 7% on the news. It’s currently trading below US$8,000 at the time of writing. Weeks of regulatory uncertainty…
In a crisis, cash is king. But with physical cash disappearing, we are losing control over our own money. Cryptos, being outside of the system, could give you another option to access cash to buy…
The truth is that bitcoin divides the financial community. US Securities and Exchange Commission may be cracking down on ICOs, but the crypto space doesn’t care. The fact that institutions like Goldman Sachs are investing…