If someone had said to you a couple of years ago about using a digital currency to pay for goods, you might have dismissed the idea.
But Bitcoin is now growing in popularity and the idea of using a digital currency is no longer such a strange concept.
With Bitcoin the most popular digital currency out there, what would be the advantages of using it?
Let's take a closer look…
Bitco... ››› more
Bitcoin is really starting to take the world by storm. It's displaying all the signs of going mainstream.
As more people adopt it, this will lead to even more people using it. Bitcoin has the potential to change the banking system and the way regulatory authorities conduct their business.
But the question is, can you trust it?
Let's take a closer look…
The advantages of Bitcoin
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Over the last couple of months, the price of Bitcoin has struggled somewhat.
Some analysts put this down to the number of people mining the digital currency and selling it on straight away.
Adding to this flood of Bitcoin to the market are merchants. Instead of holding onto Bitcoin, they're turning them into real cash.
These two factors are putting downward pressure on the price, but it ... ››› more
If you watch the price of Bitcoin, you'll have noticed that it's fallen 29% in just two months.
From the beginning of July, Bitcoin was trading on the CoinDesk Bitcoin Price Index at $647.34. By mid-August it had dropped to $460.67.
Today, it's trading at around $488.66.
So why has the price of Bitcoin fallen? Is this digital currency falling out of favour?
Let's take a closer look…... ››› more
Before you can even think about buying Bitcoins, you need to have somewhere to store them. For this you need a Bitcoin wallet.
There are four different types of Bitcoin wallet available. So what are the differences? And how safe are each of them?
Let's take a closer look…
Bitcoin wallet #1: Desktop wallets
Desktop wallets don’t depend on a third party service, so that can be adv... ››› more
There are a lot of similarities between Bitcoin and the discovery of gold.
The gold rushes that ensued discoveries of the yellow metal led to furious mining. Those that got in early made a lot more money than those who were slower to get in on the action.
You can say the same for those who got into Bitcoin mining in its early days.
So what can you learn from the parallels between gold mi... ››› more
As a digital currency, Bitcoin is growing in popularity. But Bitcoin has had its fair share of controversy. This includes the theft of Bitcoin.
So if you're seriously considering getting into Bitcoin, how can you ensure that your Bitcoins are safe?
Read on to find out what you need to do…
Buying into Bitcoin
Just last month, South African payment processor PayFast announced that i... ››› more
Using digital currencies as a means of paying for things may have you terrified. But the good news is, you don't have to be.
Using digital currencies like Bitcoin is actually not as difficult as you might believe. And it's also a lot safer to use than you might think.
So if you're desperate to start using Bitcoin, how do you start?
Read on to find out…
The ins and outs of getting ... ››› more
The interest in Bitcoin is rapidly growing. In the US this year alone, six new Bitcoin hedge funds have appeared.
So what does this tell us about Bitcoin? Does it indicate that the future is looking good for the digital currency?
Let's take a closer look…
Big investors are ploughing money into Bitcoin funds
The launch of so many Bitcoin hedge funds this year is a very strong indic... ››› more
The use of Bitcoin is still in its infancy. But the use of the digital currency is gaining momentum.
If Bitcoin continues to grow in popularity, it could wipe out many businesses in the financial services industry.
Read on to uncover why the use of Bitcoin could change the financial sector forever…
Financial services companies that ignore Bitcoin look set to suffer the consequences
Som... ››› more
Yesterday, South African online payment provider PayFast announced that it's now accepting Bitcoin as a form of payment.
Buyers using PayFast can now select Bitcoin as a form of payment. The company's move demonstrates the growing popularity of using the digital currency as means of payment.
Let's take a closer look…
PayFast and BitX bring Bitcoin to SA
PayFast has enabled “Bitcoin a... ››› more
Since its inception, Bitcoin has scaled the dizzy heights of over $1,100 to come flying back down to only a few hundred dollars. Over the last couple of months, the Bitcoin price has consolidated somewhat. And it looks like this is the start of Bitcoin's move upwards. Let's take a closer look at where the price of Bitcoin looks likely to go…
Bitcoin is similar to the Internet back in the earl... ››› more
Bitcoin has had its fair share of controversy since its conception. But Bitcoin is a revolutionary new technology. This means Bitcoin is probably set to follow the path of other revolutionary technologies. And if it follows the paths of these other revolutionary technologies, it's preparing for take-off. Let's take a closer look at the evidence…
Bitcoin is preparing for rapid growth
Have a l... ››› more
Over the last year, the popularity of Bitcoin has soared. In spite of a number of scandals, the digital currency is becoming increasingly more popular. And a growing number of retailers across the globe are accepting it as a form of payment.
So what exactly is Bitcoin?
How does it work?
How can you buy Bitcoin?
And is Bitcoin going to survive?
Read on to find out the answers to ... ››› more
Bitcoin wasn't the first attempt at a digital currency. There have been numerous tries at making a successful digital form of money. But none of them cut it until Bitcoin. So why is Bitcoin unique? Let's take a closer look…
Until Bitcoin all digital currencies had the same problem
Before Bitcoin came along, all other attempts at digital currencies failed. And it was down to one major problem... ››› more
Since the fall of Bitcoin's largest exchange, Mt Gox, the news surrounding the digital currency is sparse. And as Bitcoin shows how it's strong enough to survive a variety of disasters, more investors want their slice of the action. So how can you buy Bitcoins? Let's take a closer look…
Food for thought before buying Bitcoins
At the moment, it isn’t as easy to buy Bitcoins as it is shares ... ››› more
The downfall of Mt Gox, which was the largest Bitcoin exchange, didn't exactly help the reputations of other Bitcoin exchanges. So if you want to buy Bitcoins through an exchange, which one should you turn to? Which exchanges are the more reputable out there and which ones should you avoid? Read on to find out…
Bitcoin exchange #1: Bitstamp
This is the world’s largest Bitcoin exchange by v... ››› more
Over the centuries there have been different forms of currencies used across the world. These currencies include gold and fiat currencies like the dollar, the pound and the rand. Then Bitcoin came along. Many view Bitcoin as an alternative investment, whilst others see it as a currency of the future. Let's take a closer look at why Bitcoin could be shaping up to become just that…
Reason #1: T... ››› more
It shouldn't be long until the first Bitcoin exchange traded fund (ETF), the Winklevoss Bitcoin Trust, launches in the US. So have you thought about adding some Bitcoin flavour to your retirement fund? This might sound a crazy idea, but many retirement experts advocate up to 10% of your pot in alternative investments. So you could opt for some Bitcoin exposure. Let's take a closer look at whether ... ››› more
Bitcoin has hit the headlines a lot over the past six to seven months. And over the period, the price of Bitcoin has been very volatile. The Bitcoin price reacted violently when news came out about it. But for the last month, the Bitcoin price has stabilised. With no scandals hitting the headlines, the digital currency is quite stable. Let's take a closer look at what this shows about Bitcoin…
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