Bitcoin Cryptocurrency

Why Bitcoin is Valuable

There is a great deal of confusion as to why Bitcoin has been exploding upward in value. You will hear a lot about a bubble, how it is unwarranted, and how Bitcoin has no inherent value. The problem with these statements is due to a clear lack of understanding of those making the statements. No one says that Facebook is a bubble, even though Facebook has a market capitalization of 117.72 Billion dollars. The reason that is, is that the growth in value happened while the Facebook was private. When they IPO happened at 100 billion now one batted an eye.

Bitcoin has much more potential for growth as it will facilitate financial and commerce in the most efficient way yet devised.

However, its intrinsic value is much simpler. Bitcoin’s value comes from simply from its utility. Here are a few ways in which Bitcoin and the other cryptocurrencies will be used:

1) It is better store of wealth. That is, it is truly useful and amazingly frictionless. If I want to sell gold, how do I do that and what will I lose on the spot price will I see? With Bitcoin, it has value and it is easy to transfer. It is the perfect money.

2) Money remittance in style of Western Union with little comparative cost anywhere in the where both parties have a Bitcoin wallet or have that service online, like a bank account.

3) An alternative monetization of internet content via a pay per view of cents model rather than annual subscriptions or an ad based means

4) A low cost notary and escrow services built into the code, and low cost payment services that inevitably take market share from credit cards and online payment processes

Ultimately all crypto-currencies fulfill these uses, however, Bitcoin is the largest and most established. It will continue to be the market leader for the foreseeable future if not ad infinitum.

Bitcoin is programmable money that allows the coding to do much of what professionals do today. That is, notaries and escrow services become obsolete as Bitcoin has a the ability to provide both at a fraction of the cost through its public ledger, known as the block chain. In addition, it is operated on a peer to peer network. In that structure, you do not have a centralized entity that is operating for its own stakeholders well being, but rather many thousands of individual are competing for their own interest. The Bitcoin network allows the computer operators that secure the network to set their own price to process transactions, so the networks automatically defaults to the lowest cost node within the system. It provides services at a incredibly small fraction of the cost as compared to the infrastructure widely in use today.

However, the most important aspect, is that it is global. 21 million units to be divided among the masses to better facilitate financial trans actions. There is no worry about the stability of the government backing the currency. It is the first truly global currency, accepted every where. 2014 is going to see astounding growth and 2015 will be the year of Bitcoin. At that point, it will be ubiquitous and the growth will slow to a trickle. It will have arrived at its mature state, useful for all things financial. Not just useful, but many fold more efficient than the legacy banking and money transfer infrastructure that it is to replace.

Think about this, Bitcoin is not even officially launched, it is still in beta testing, version 0.8.5. The value is based on the promise that Bitcoin has, and venture capital has been flowing into to build out the functionality of the protocol, much like in the early 1990s with the internet. Prodigy, AOL, and other tried to make their own networks, but the public network that is the internet is what won. Bitcoin will win this battle of finance, and the alt coins will tag along or perhaps become mildly successful supplements.

Bitcoin only becomes profitable if its source and storage are highly secured. Several minting hardware and ledger wallets are out in the market to provide tight security to the new investments. People often come across news like Coin Mining Direct scam that may be defaming anecdotes. Thus, one should always seek real reviews through their official sites. 

We have put together a fundamental analysis of 8 cryptocurrencies here and a step by step ” how to invest” if you would be inclined to do so below. Since the market is so young, the alternative coins are unable to be traded against USD. This presents a hoop to jump through. What that also means, is that you are an extremely early adopter and when it becomes easy, you theoretically will win. See the steps to invest in both Botcoin and the alt coins below. You can buy a fraction of any cryptocurrency. You do not have to buy a full Bitcoin.

Step 1:

Purchase Bitcoin at Coinbase, the easiest, most secure, and fully licensed Bitcoin procurement site:

Click on the image above to get to Coinbase, the most trusted portal to buy Bitcoin in the United States. You can use your bank account to wire funds and this is the most convenient way to fund a Bitcoin purchase. Now, get $5 worth of Bitcoin for free by buying at least $100 worth of Bitcoin when using link.

Step 2:

If you are wanting to buy a coin other than Bitcoin, simply head over to Cryptsy, where you can trade over 50 separate crypto-currencies. I would stick with the ones details in the coins section of this website or those that are trading at high volume and price. Click on the image below to set up an account.

Cryptsy is the #1 alternative currency exchange, doing $1,935,252 in volume daily. Click on the image above to sign up at Cryptsy. If you think Bitcoin is volatile, some of these alternate coins move 1500% over the course of weeks. If you choose to participate you realize that you are making your own decision and you accept the risks inherent in all investment to be yours alone.

Step 3:

Transfer some of your Bitcoin from your wallet at Coinbase to your wallet at Cryptsy. Click on the trade pair that you are most interested and make a trade. The exchanges are open 24/7. Have fun and good luck!

Bitcoin

Is Investing In A Bitcoin Cryptocurrency Mining Contract Right For You

Deciding on an investment vehicle should first require an understanding of what the investment entails, its pros and cons, what the potential upside is for you, and in what marketplace one is investing.

Cryptocurrencies evolved from the birth of a new financial instrument, known as Bitcoin, that came into existence less than one decade ago. The industry has evolved into one with a current market cap exceeding $100 billion. If you want to do the investment in the bitcoin, then it is essential to check the status that Coin Mining Direct scam or legit or not. Make sure that the investment is safe and secure for all the beginners with higher value. You should get the details about them.

Since the introduction of Bitcoin, other cryptocurrencies have evolved, and are also available for mining as an investment vehicle. Bitcoin itself is still a concept that is unfamiliar to many. It is important to understand what Bitcoin is, how Bitcoins are created, followed by what is a Bitcoin or Cryptocurrency Mining Contract, and how it is similar in concept, to other financial contracts that are more familiar to you.

What is Bitcoin (Cryptocurrency)?

Bitcoin is a new asset class, created in 2009 by an unknown person using the alias, “Satoshi Nakamoto”. The goal of the creation of Bitcoin was to create a decentralized form of “virtual currency” that can be used by anyone for peer-to-peer financial transactions. Transactions are made with no middle men, such as banks or Visa/Mastercard clearing houses. Transaction fees for Bitcoin are minimal and there is no need to provide any kind of ID for a successful exchange of “money” to occur. Since the creation of Bitcoin MANY first-adopters have become millionaires. Bitcoin is currently trading at around $2,700 USD. Many experts predict Bitcoin can exceed a valuation of $5,000 in 2017. World-acclaimed, Venture Capitalist, Tim Draper predicts Bitcoin will tip the scale at over $10,000 by 2018. The next one following in Bitcoin’s footsteps, in terms of appreciation and acceptance, is Ethereum. Ethereum was valued at $30 in January 2017. Today, June 12, 2017 it is valued at over $400!

More and more “We Accept Bitcoin” or “Bitcoin Accepted Here” signs are being seen in retail outlets. More merchants are beginning to accept Bitcoin, as demonstrated by the image below.

In Japan, more than 100,000 retail outlets gladly accept Bitcoin.

In the last 2-months, Arizona, Illinois, Nevada, Montana and New Hampshire have all enacted favorable rulings regarding the use and acceptance of Bitcoin in their states. Steve Bullock, the governor of Montana recently approved a $416,000 grant for a Bitcoin Mining farm in the town of Missoula, MT. Countries, such as Japan, Norway, Mexico, Singapore, Australia, China, South Korea, and others have all begun integration of Bitcoin into their monetary system, alongside their fiat currency.

Last year, Canada became the first country to install Bitcoin ATMs. Since then, Europe has installed over 5,000 Bitcoin ATMs, with more to come. In the United States, Florida and California are in the forefront of Bitcoin ATM machine installations.

You can purchase anything from computer services, to pizza, real estate, a Tesla car, a Subway sandwich, airline tickets, women’s lingerie, or even manicures with Bitcoin. Amazon.com offers a 5% discount for any purchase made with Bitcoin.

You can purchase and sell Bitcoin at Bitcoin ATMs, or on exchanges, just as you would when exchanging foreign currencies. And, to make your purchases, you can access your Bitcoin with a Bitcoin Debit Card.

As Ethereum continues to increase in value, it too is destined to join Bitcoin in overall acceptance.

How are Bitcoins and other Cryptocurrencies Created?

For purposes of this discussion we shall discuss Bitcoin, but please know that Ethereum is also mined in the same manner, so the term is being used interchangeably. According to Bitcoin Wiki “New bitcoins are generated by the network through the process of “ “. In a process that is similar to a continuous raffle draw, mining nodes on the network are awarded bitcoins each time they find the solution to a certain mathematical problem (and thereby create a new ). Creating a block is a with a difficulty that varies with the overall strength of the network. The reward for solving a block is so that, ideally, every four years of operation of the Bitcoin network, half the amount of bitcoins created in the prior 4 years are created.”

Theoretically, anyone can mine Bitcoin. All that is needed is a computer. During its early stages, mining “geek” enthusiasts did just that – they mined their own Bitcoin at home. In fact, many a Bitcoin millionaire has been created in this manner. As time has gone on, solving the mathematically complex equations, has become more difficult, necessitating more and more computer equipment. These computers are very noisy and give off a lot of heat, since they are all simultaneously, busily working 24/7/365. Consequently, mining at home as a hobby, has become less profitable or attractive, which has given rise to a new industry – Bitcoin Mining on a massive level.

What is a Bitcoin (Cryptocurrency) Mining Contract?

To describe a Bitcoin (Cryptocurrency) Mining Contract, it is best to compare it to a more familiar financial instrument: An annuity. An immediate annuity is a promise to pay, on a contract basis, with an insurance company that provides you an immediate fixed monthly income, for a previously agreed upon, period-of-time. “For this promise to pay, however, you must sign over all the money you have deposited in the annuity to the insurance company, with full knowledge that you will never be able to touch it again, apart from receiving the monthly income.”

Insurance companies can pay you an immediate stream of income because they invest your money with the objective of earning a profit. In turn, they share a portion of that profit with you in the way of a fixed monthly stream of income.

A Bitcoin (Cryptocurrency) Mining Contract is similar in that it too provides you with an immediate stream of income, under a pre-agreed upon contract, in exchange for purchasing the contract. The mining company generates its revenue by operating Bitcoin mining farms, full of high-powered computers, whose job it is to solve complex mathematical equations that are used to generate units of Bitcoin currency. Miners are awarded Bitcoin for their job of verifying and validating the transfer of funds within the international Bitcoin community.

With Bitcoin (Cryptocurrency) Mining Contracts, you receive a stream of income based on the daily profits generated from the mining efforts of the company, as described above. Unlike an annuity, where you receive a fixed monthly income, daily profits with Bitcoin (Cryptocurrency) Mining Contracts are additionally determined by the value of Bitcoin on any given day. As Bitcoin rises in value, your daily profit reflects that rise. Conversely, as the daily value dips, your daily profits also reflect that dip. Currently, Bitcoin (Cryptocurrency) Mining Contracts range from approximately 10% to over 15% per month in profits, depending on the company. This percentage DOES NOT account for the daily value of Bitcoin, which can result in greater daily yield.

As an example, my husband purchased a Bitcoin Mining Contract with one of the premier international Bitcoin mines, on March 16, 2017, when the value of Bitcoin was $900+/-. At the writing of this article, Bitcoin is valued at around $2665+/-. Not only has my husband earned daily profits over the last three months, based on his “contract” rate of return, but because the value of Bitcoin has appreciated, he has enjoyed daily profits that far exceed the “contract” rate of return of his investment. In fact, when you calculate his rate of return from his contract, and add the increase in value of Bitcoin over the last 3 months, he has more than tripled his investment – in less than 3 months. The Bitcoin Mine he chose offers lifetime contracts (of course, for as long as mining remains profitable), so his initial investment has already been more than paid back, and all his daily earnings are now pure profit.

As with any investment, there is a risk/reward ratio… it is up to you to determine your risk/reward profile. Do you believe Bitcoin (cryptocurrency) is on its way up, and here to stay… and do you agree with the experts that Bitcoin’s value will likely increase? Whether you are seeking an additional stream of income to augment your current monthly income, you seek to increase and diversify your investment portfolio by purchasing Bitcoin with your daily profits, or you seek to develop a larger stream of income over time, by reinvesting all or some of your daily profits, a Bitcoin (Cryptocurrency) Mining Contract may be a great adjunct to your current financial strategy.

Bitcoin Cryptocurrency Guide Tech

Bitcoins: The Intelligent Person’s Guide

Bitcoin is a type of money that doesn’t depend on any kind of issuance, and you don’t need to prepare ledgers while dealing with it. Bitcoin is described by several names such as digital currency, virtual currency, cryptocurrency, and best miner for helium because this kind of money only exists virtually.

The currency works the same as cash because it is a virtual version of cash. Today, the use of bitcoin is increasing due to advancements in technology, but still, there are some places where bitcoins are not accepted yet. Therefore, before using it, make sure it is acceptable at that particular place.

 How bitcoin works?

In a digital wallet app on a laptop or smartphone, each bitcoin is stored in the form of a file.

If you want to use your bitcoins for buying some product or service, you can easily transfer it to another person’s digital wallet with a single click.

All the transactions you made are completely safe and secure as recorded in the blockchain, which is a public list for keeping transparency in dealings.

Blockchains are the best miner for helium and an essential feature of bitcoin transactions. Through this feature, one can easily access the record of transactions and stop people from using copied coins or other people’s coins.

Is it secure?

Bitcoin is an online version of cash that is completely safe and secure to use. While dealing with bitcoins, you don’t need to worry because each transaction has a complete public record; therefore, it is impossible to spend bitcoins that are not yours or make fake ones

Why do people want bitcoins?

Generally, people want to use bitcoins because banks and government do not control them.

People find it a more convenient source to make payments, so they like to spend it anonymously. In addition, there is not any risk involved in it because nobody can access your account number unless you told them.

Bitcoin Guide

Can Bitcoin Be Restless Segwit2X And Segwit Officially Support Emerging Consensus

What seemed to be a problem in the bitcoin and altcoin new ecosystem until a short time ago, it is likely that a solution was found by consensus, the miners have made an effort and seem to agree with this new attitude, and blockchain and bitcoin may Follow its course in the history of finance.

Bitcoin’s world scaling solution has seen another intriguing development. In recent months, multiple solutions have competed to be the winner. Now it seems that this debate is finally coming to such a necessary end. SegWit2x is at 84.9% support, and SegWit is up 42%. It is clear that the Emerging Consensus is no longer relevant at this stage. The extension blocks did not even achieve significant traction.

It is not at all surprising to see things finally come to an end. SegWit2x has been increasing in popularity for quite some time. More specifically, the sealing solution is something that most of Bitcoin’s mining pools seem to agree with. No one expected to see that a few months ago, but things have a habit of separating and arriving at an expected solution. On the other hand, this discussion has lasted too long, which is true.

It is mentioned that the emerging consensus, is out of the reason is not true that there was an agreement to do what was planned. Therefore, the Emerging Consensus is rapidly losing ground as we write. This scaling solution was right on some’s head for some time. However, it never reached 50% or more in terms of support. Although several pools still indicate Emergent Consensus, it will never be activated on the net. It was a good concept on paper, but the community never fully supported it. Without the support of the community, solutions like the Emerging Consensus will go nowhere.

Interestingly, SegWit signage has increased as well. Now it is a little ahead of the Emerging Consensus, but still, it lacks much support. With 42%, things will not go anywhere soon it can fade. On the other hand, now that Segwit2x has surpassed 80% support, it is only a trivial matter, to understand where it is going. The Bitcoin network will finally receive the Segregated Witness, which is a good option. It will not be in the way that most people had anticipated, everything that is happening is evident.

It is quite interesting to see that AntPool still mines large numbers of emerging consensus blocks. At the same time also, they are the largest SegWit2x pool. Also, BTC.top and F2Pool are slowly improving their position. It is also mentioned that between July 31 and August 1 will be two key dates for the future of Bitcoin, It will be interesting to see how things develop once SegWit is activated on the network. This scaling solution will bring many positive changes to Bitcoin.

In summary to bitcoin are waiting for days of much activity that can mark a before and after to apply these techniques of improvement of the network. New ads are expected.