Go back just 18-months and the number of people who knew about Bitcoin was small. Fast forward to the present, and the vast majority of people know about this digital currency.
Bitcoin is gaining traction. The amount of investment money going into it and the projects surrounding it are growing at breakneck speed.
But if you want to put some rands into Bitcoin, where do you start? How do you ... ››› more
We all get excited when new technology arrives on our doorstep.
But, not all new digital platforms will end up surviving.
Take Bitcoin for example, the media describes Bitcoin as the currency of the future...
I think not! It's a currency destined for disaster.
You see, Bitcoin is a digital currency (Cryptocurrency). The transactions take place between users, directly via a comput... ››› more
This week saw the arrival of the first Bitcoin wallet developed in South Africa.
The wallet's main focus is its ease of use whether you're new or experienced when it comes to Bitcoin. And it looks like it has hit the mark with its appealing interface.
Let's take a closer look at this latest Bitcoin development in South Africa…
A proudly South African Bitcoin wallet
BitX has just l... ››› more
By December, we could see the world's first Bitcoin initial public offering (IPO) on the Australian Stock Exchange. This could be the first steps in a wave of other Bitcoin companies listing over the coming years.
So what Bitcoin stocks already have listings? And what stocks look likely to list soon?
Let's take a closer look at what's going on and what this means for Bitcoin…
Bitcoin... ››› more
The CEO of NASDAQ-listed Overstock.com recently launched a wiki page to explore the idea of a Bitcoin stock exchange. Patrick Byrne came across 13 other groups working on similar ideas.
He's now created a division within his company to drive this idea from a dream into a reality.
So what's the idea behind the Bitcoin stock exchange? And what would be the advantages of such an exchange?
L... ››› more
The Bitcoin price is under pressure again. It looks like Bitcoin is continuing on its volatile journey.
But it's not surprising the price of Bitcoin is so volatile. It's a new technology and people are struggling to place a value on it.
Bitcoin's rollercoaster ride hasn't deterred those who see its full potential. In fact, the ‘ecosystem' surrounding Bitcoin is booming.
Let's take a clo... ››› more
The Bitcoin price may well be off its highs of last year, but one thing is for sure: Many in the business world see the potential of this digital currency.
Venture capitalists are putting money into it. And companies are springing up to capitalise on the growth of Bitcoin.
Let's take a closer look at what's going on and what it means for Bitcoin…
Investment into Bitcoin is gaining mo... ››› more
Bitcoin is currently sitting at $325. From November last year, that's a drop of over 70%. On the other hand, it's double the price it was a year ago.
So what's in store for the price of Bitcoin? Is it never going to recover?
Let's take a closer look…
Chances are the price of Bitcoin is going to fall further over the short-term
Between October and November last year, the price of B... ››› more
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
... ››› more
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
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