As digital currencies gather momentum, the one winning the race at the moment is Bitcoin. Bitcoin has been making the headlines over the last few months as its price yo-yos all over the place: Down to $500, up to $1,000 and back to somewhere in between. And you might be surprised to learn some interesting facts about Bitcoin, such as, do you know only 21 million will ever exist? Read on to find ou... ››› more
Bitcoin is a peer-to-peer payment system that was introduced as open source software in 2009 by a developer or group of developers under the pseudonym of Satoshi Nakamoto. It's a virtual currency not backed by any government's central bank. So where do the actual bitcoins come from? After all, they're not like paper money, which governments print out at their will. With Bitcoin, ‘miners' use spe... ››› more
Just about everything that has to do with the digital currency Bitcoin is at least a little odd. But there are some Bitcoin facts that are truly bizarre - things that could only happen in the universe of Bitcoin. Read on to uncover three odd Bitcoin facts…
Bitcoin exists entirely in cyberspace, David Zeiler in Money Morning US explains...
It has attracted a lot of attention in recent months... ››› more
Bitcoin prices climbed back over $1,000 on Monday. This is less than two weeks after the virtual currency crashed below $500. Sparking the jump in Bitcoin prices was news that Zynga, a social game operator with a listing on the NASDAQ, will now be accepting the virtual currency. Read on to uncover what this means for the price of Bitcoin…
This news creates a match made in Internet heaven, Kyle... ››› more
Traders tired of dealing with traditional securities now have another career option. A US-based hedge fund advertised for a Junior Bitcoin Execution Trader just last week. But what does this mean for Bitcoin? Read on to find out…
Since November, one Bitcoin has gone from a value of approximately $400 to a high of more than $1,200, and back down to approximately $500, Kyle Anderson in Money Mor... ››› more
Since its birth in 2008, Bitcoin's taken the world by storm. It's changing the way businesses, governments and regular people think about money… But despite all the hype, many of us don't understand how Bitcoin really works… And how to make money from it. Today, Y'ael Shirley—FSP Invest columnist and Bitcoin commentator—reveals all.
Slowly but surely, Bitcoin is creeping into popular... ››› more
You use cash to pay for goods quickly, anonymously and with finality. If you buy a chocolate bar at a garage, you pay, you get the chocolate bar and nobody knows you were there. The cash you use to pay has universal acceptance in your country. And both parties trust in the value of the cash that changes hands! Unfortunately, such quick, easy and anonymous payments aren't possible over the Internet... ››› more
Digital currencies such as Bitcoin could be as big a game-changer as the Internet. But what is it that makes Bitcoin so revolutionary? This digital currency is becoming increasingly popular as a means for paying for goods and services. But its capabilities could be far more than just that. Read on to uncover why Bitcoin could be as revolutionary as the Internet…
At heart, Bitcoin is simply a h... ››› more
Despite all the obvious benefits of Bitcoin and of other virtual currencies, some problems need addressing if Bitcoin is to survive and find use with honest people. Here's what you need to know…
Firstly, there are a number of reasons why you would want to buy Bitcoin.
It is an attractive form of money because of its low transaction fees, liquidity and high portability.
... ››› more
Bitcoin has been hitting the news again. The price of a Bitcoin has exceeded the price of an ounce of gold; there's been a $96 million Bitcoin heist; £4 million of Bitcoins were lost in a landfill in Wales, the UK; China bans banks from transacting Bitcoins; Bank of America Merrill Lynch puts a ‘fair value' on Bitcoins of $1,300 - it's all over the place. But what exactly is Bitcoin? Read on to... ››› more
Bitcoin fever hit the mainstream hard in 2013 and the virtual currency made headlines the world over. Like Gold, another currency favoured by liberals, Bitcoin has its bulls and bears. And no matter which you are, no-one can argue that Bitcoin has changed the way we think about currency. Let's take a look at Bitcoin's year in 2013.
Since January 2013, disgruntled economists and grumpy Luddit... ››› more
Bitcoin has been making headlines, with its value exploding over recent months. But owning Bitcoin can have wealth preservation properties. As with physical gold, a popular asset for wealth protection, it could also pay to own some Bitcoins. Read on to uncover three reasons owning Bitcoin has over owning gold…
Bitcoin does have some distinct advantages over holding physical gold, Michael A Rob... ››› more
It's a good idea to own some physical gold. It's been the store of value, and the preferred method of asset protection for more than 5,000 years. It's irreplaceable. But it could also be a good idea to own at least some of the new digital money known as Bitcoin. Read on to discover two advantages of owning Bitcoin…
You see, most of the people buying Bitcoin are interested in the explosive grow... ››› more
When it comes to Bitcoins, rumours abound from naysayers about this virtual currency. But the truth is, most of these rumours are untrue and have no founding. Don't jump to the wrong assumptions either. Read on to find out the four Bitcoin whoppers to ignore…
Here’s the real story on four Bitcoin whoppers doing the rounds, David Zeiler in Money Morning US explains…
Bitcoin whopper #1: Y... ››› more
With virtual currencies, like Bitcoin, becoming one of the most talked about topics on the finance circuit, you might think that Bitcoin is your only option. This isn't the case. There are over 80 different types of digital currencies out there in cyber space. Read on to find out more about the virtual currencies that are most likely to survive…
Even though there are over 80 different types of... ››› more
You'd better start getting used to the idea of virtual currency. While the much talked about Bitcoin is the most prominent and widely used virtual currency, it's not the only one. Bitcoin is not even the first. The earliest digital currencies emerged as far back as the early 1990s. Read on to find out why virtual currencies are here to stay…
Today there are more than 80 kinds of virtual curren... ››› more
Bitcoin has been in the news a lot lately. But few people really have a solid grasp on this ground-breaking digital currency. What many people do know is its price has varied greatly over the past few months. Such large, rapid gains - as well as the currency's volatility - have made Bitcoin a hot topic on financial news channels, websites, and publications. But despite all the attention, Bitcoin r... ››› more
There are already hundreds of entrepreneurs making money from Bitcoin-related start-ups.
And these start-ups are very popular with venture capitalists.
But there is a time and a place to invest in a Bitcoin start-up.
Let's take a look.
Invest in Bitcoin when it gets past its growing pains
One of the major concerns about Bitcoin is around how to regulate the virtual currency.
... ››› more
The illusion that Bitcoin is going to vanish from the radar anytime soon is quickly disappearing.
And you know Bitcoin has finally gotten some traction when a small hair salon in Chandigarh, a city in the Northern part of India, is now accepting the virtual currency as payment for a haircut!
This makes the salon, CastleBloom, the first merchant in India to start accepting bitcoins officially.
... ››› more
If you ever want to make a geek tear out their hair, tell them Bitcoin is a fiat currency.
This is one of the biggest and most annoying misconceptions about Bitcoin.
And it's not just lay people who are making this mistake.
Everyone who likes to think they know a thing or two about Bitcoin seems to think Bitcoin is ‘not real money'.
Which is not only WRONG, but is just plain bizarre.
W... ››› more
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