Q. “Hi Timon, I'm still deciding whether I should add crypto-currencies in my portfolio. Can you maybe list a couple reasons why it's important?”
A. I think with the ever changing and challenging economy, more and more people are adapting to new ways to make, invest and preserve money.
Here are my 10 reasons to add crypto-currencies in a portfolio:
• CHEAPER – It is a chea... ››› more
Did you know there a number of problems that can arise when crypto trading or exchanging?
Not all exchanges support the necessary coins or trading pairs.
You also need to trust the exchange you're using in case your cryptos disappear.
And of course, you have to pay certain fees like commission for exchanging cryptos.
The good news though, is there's a technology that can solve these... ››› more
Just how a money-market account pays you interest…
And just how certain shares pay you dividends…
Cryptos can generate investors a passive income too!
It's not known as a “crypto dividend” or “crypto interest”…
Prediction: These two digital currencies will lead the crypto resurgence
__... ››› more
Remember, last month, I introduced a crypto concept called “decentralised finance or DeFI".
In short, DeFi would allow you to create an entire financial system without banks or central authorities.
And, because this would make things cheaper and more efficient, DeFI could overtake every area of traditional finance.
One avenue of DeFi, is something called Security Token Offerings (STO... ››› more
Let's be honest…
The kind of crypto price mania that happened in 2017 and 2018 was driven by people.
Ordinary investors and speculators trying to make fast money from any crypto that they could get their hands on.
But that's all changed since the boom and crash of the crypto market…
The market and technology behind cryptos has matured and rapidly gained acceptance globally. An... ››› more
The crypto I want to introduce to you today doesn't get much media attention.
However, it could be just as revolutionary as bitcoin or ethereum…even more so!
And it's thanks to its ground-break technology, which has interested major companies.
In fact, this crypto has already formed partnerships with Microsoft, Volkswagen, Bosch, Fujitsu, Audi, Jaguar Land Rover and much more.
It's... ››› more
In the growing world of online, data privacy is of the utmost importance.
Even more so if you're a company that stores people personal data.
In this day and age, if you fail to protect personal data, you will suffer major backlash.
Just take the Facebook-Cambridge Analytica data scandal - where Cambridge Analytica harvested the personal data of millions of people's Facebook profiles... ››› more
Did you hear that roughly one in every 15 people on the planet recently had their personal details stolen?
That's right, Marriott hotels announced that 500 million customer details have been compromised.
The company said,
One in every 15 people on the planet have just had their “name, mailing address, phone number, email address, passport number, Starwood Preferred Guest (“SP... ››› more
Have you seen a bitcoin price chart lately?
Well, if you haven't, something incredible has happened over the last seven days.
Just take a look at the chart below…
The chart shows you the bitcoin price in rands. In just seven days’, the price has increased over R16,700!
In dollars, bitcoin shot up from $6,155 to $7,367 as I write this. And other cryptocurrencies have followed.
But why... ››› more
Over the past month, I've been receiving many questions from readers who are invested in Bitcoin and Ethereum.
And the one question most South African crypto investors want to know the answer to is...
“Does Bitcoin and Ether have any growth potential?”
This isn't a surprise given that both these cryptos have fallen quite substantially this year. The thing is, so has the entire crypto ... ››› more
Have you heard about a new crypto that's been making headlines in the crypto world?
It's called Hedera Hashgraph and it claims to be able to do everything blockchain technologies like bitcoin and Ethereum can do but much, much better.
Its white paper says it can process over 250,000 transactions per second (tps).
That's about five times what VISA can do. About 12,500 times what Ethereum c... ››› more
As I write to you, I'm still working out of the MoneyWeek offices in London. Yesterday I had a chat with two of my colleagues there, Dan Denning and Nick O'Connor.
Dan and Nick head up the daily free British stock market and economics email newsletter, Capital and Conflict.
Anyway, back to the chat I had with Nick and Dan. We spoke about Bitcoin.
If you haven't noticed Bitcoin has been ... ››› more
You've no doubt heard of Bitcoin. The digital currency uses blockchain.
Blockchain is a technology that has the potential to revolutionise the way we do things now, for the better.
So what does this mean for you as an investor?
Let's take a closer look…
What blockchain could do
The supporters of blockchain see it:
Eradicating fees... ››› more
The price of Bitcoin has had it tough over the last year. But just because the price is down, it doesn't mean that there isn't amazing potential with the digital currency and the technology it uses.
So what is so special about the technology that Bitcoin uses? And how can you get your slice of the action?
Read on to find out…
The special thing about Bitcoin is the blockchain
The t... ››› 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
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