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
“What is Bitcoin?” one of my readers asked the other day.
Before I answer that question, let me hit you with another question:
Do you like gambling?
Because if you do, Bitcoin is right up your alley.
Basically, Bitcoin is a virtual currency that can buy a range of things from pizzas to houses…
It sounds great at first. You can buy things anywhere in the world, with lower tran... ››› more
Imagine a world in which your money was safe from the meddling of politicians, and free from the threats of inflation or deflation…
A world in which the exact opposite of the US government's reckless, irresponsible money printing was the norm.
The way governments have been running the financial system is haphazard. And it will result in the eventual collapse of the world economy.
And,... ››› more
Bitcoin is a digital currency used as 'cash' on the internet.
Its first use was for illicit internet activities like buying guns and drugs anonymously. You see, it's pretty hard to track because it's digital and encrypted.
But Bitcoin is now used to purchase all sorts of legitimate things on the web too. And so it's starting to become more mainstream.
The investment community has been ... ››› more
Currencies rise and fall each day, which affect your investments. On Friday, for example, a single Bitcoin traded at around $135 - that's impressive, as Bitcoins only exist online. This virtual currency move shows why currencies display longer and steadier trends than other financial markets and why forex is the smart way to invest in currencies…
Bitcoins were launched in the wake of the g... ››› more
In the 16th-8th century BC, people used sea shells as a currency. Even stranger, a craze for tulips in the 16th century, lead to tulips becoming a currency…
Both these situations saw an essentially worthless item being ‘assigned' value by society. For some time this value held, but eventually people realised the value they thought was in the item wasn't, they realised they were holding a ... ››› more
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