How Do You Select The Best Bitcoin investment Company Websites or Cheapest Bitcoin Exchange?
Most people are curious as to what bitcoin is and how one gets to make money with it and Cheapest Bitcoin Exchange in South Africa. Bitcoin is the most famous and biggest digital currency in the world regarding market capitalization and the market share where there are no intermediaries to handle the transactions. Microsoft Co-founder, Bill Gates has a lot of faith in Bitcoin to the point of saying, “Bitcoin is a technological tour de force.”
According to Leon Louw, a Nobel Peace Prize nominee, every informed person needs to know at least about bitcoin since it has the potential to become one of the world’s most significant developments.
One can buy bitcoins directly from other bitcoin users via marketplaces or through exchanges, and one pays for them through hard cash, credit or debit cards, electronic wire transfers, other cryptocurrencies, PayPal, et al.
Is Bitcoin: Future Currency for South Africa?
• Wesellcrypto: – This site ranks high, and it is beginner friendly. It has a trust rating of B+, and you can buy bitcoins via your PayPal account.
• Bitquick: – This site is also beginner friendly allowing users to buy and accept payments for bitcoins via hard currency as well as bank transfers. It has a trust rating of B.
With bitcoins, you can anonymously buy merchandise; make cheaper international payments since the Bitcoins are not subject to regulation from any country and Cheapest Bitcoin Exchange. The bitcoin market is very volatile and more people are buying them hoping to make a profit when the price goes up.
Bitcoin is the premier cryptocurrency of the world. It is a peer-to-peer currency and transaction system based on a decentralized consensus-based public ledger called blockchain that records all transactions.
Bitcoin: What To Buy With Bitcoins?
Now the bitcoin was envisaged in 2008 by Satoshi Nakamoto but it was a product of many decades of research into cryptography and blockchain and not just one guy’s work. It was the utopian dream of cryptographers and free trade advocates to have a borderless, decentralized currency based on the blockchain. Their dream is now a reality with the growing popularity of bitcoin and other altcoins around the world.
Now the cryptocurrency was first deployed over the consensus-based blockchain in 2009 and the same year it was traded for the very first time. In July 2010, the bitcoin price was just 8 cents and the number of miners and nodes was quite less compared to tens of thousands in number right now.
Within the space of one year, the new alternative currency had risen to $1 and it was becoming an interesting prospect for the future. Mining was relatively easy and people were making good money making trades and even paying with it in some cases.
Is it Wise to Buy Into Bitcoins?
The magical figure of $1000 was first breached in January 2017 and since then it has increased four times already till September. It is truly a remarkable achievement for a coin that was only worth 8 cents just seven years back.
Bitcoin even survived a hard fork on August 1, 2017, and has risen nearly 70% since then while even the fork bitcoin cash has managed to post some success. All of it is due to the appeal of the coin and stellar blockchain technology behind it.
While conventional economists argue that it is a bubble and the whole crypto world would collapse, it is just not so. There is no such bubble since it is an observable fact that it has, in fact, eaten away the shares of the fiat currencies and money transaction corporations.
The future is extremely bright for bitcoin and it is never too late to invest in it, both for short-term and long-term.
Interesting Facts About Cheapest Bitcoin Exchange in 2018:
Bitcoin hey guys Simon Jordan here co-founder of lay CEOs and today I'm gonna be explaining why I'm not investing in Bitcoin, and why I think you shouldn't either Alright guys, so I know this is probably gonna piss a lot of people off But I wanted to give you my thoughts on building real businesses and investing in real income producing assets, and why in 2018 I'll be focusing all my energy of things I can actually control now of course I'm not saying you can't make any money on Bitcoin of course you can but the truth is the vast vast Majority of people are gonna lose all their investment than this so in order to explain Why more clearly I'm gonna jump on my computer right now, and show you Alright guys, so I know this is gonna turn a lot of people off and you know that's fair enough If this isn't what you want to hear then you know you can watch another video telling you how amazing? Bitcoin is and that you should be investing your Remortgaging your house and throwing it into Bitcoin You know if that's if that's what makes you happy then you know stick with those videos but I want to give my own opinion on Bitcoin and In my opinion bitcoin is a complete waste of money for the vast vast majority of people now joining in the hype train and Investing into it so so right now bitcoin is the hot new thing and therefore.
I'm sorry before Before that it was gold and it was silver and before that it was the dot-com bubble and so on and so on and so on right we see these things come Upon us all the time now all of this What bitcoin is it? This is speculative investing and if you're looking for a way to change your life and make Lots of money online.
This is probably the worst possible way you could go about doing it So you're essentially gambling in my opinion okay? You may as well take your money whatever money You're willing to invest and you know head down to Vegas and throw it in some you know some blackjack games or slot machines Because you have as much chance there of becoming a millionaire or losing your money as you have in investing in such a volatile and Commodity like Bitcoin now.
I wouldn't even call it a commodity because it's backed by nothing and has actually no intrinsic value whatsoever except the value that a newbie investors and put on it, so The thing about Bitcoin let me just get my pan out here right so Bitcoin mm-hmm Well the first thing to say that people are extremely Emotional when it comes to money okay, and so right here right here this is Emotional investing this is what you're seeing here these are That's what we're experiencing right here with people getting at the Bitcoin who think that they know what they're doing and they're being driven By extreme optimism right so everyone's telling them that this is amazing it's gonna go up to this much, and it's gonna keep going on forever and They're more driven by the fear of missing out right they're seeing news reports They're seeing experts and they're seeing all these YouTube videos of different people telling them to invest and they're seeing it grow and grow and grow and they're So scared of missing out that they take their money, and they pump it in and that's why you're getting this spike Right here, that's what that is.
This is all the newbies that don't really know what they're doing being afraid that they're missing out and throwing their money in this super super high risk and volatile Bitcoin so All these people that are jumping in they do not have the skillset to be getting involved in this kind of investment They're total newbies being driven by emotion.
Okay, so what you have to understand is that there are people who have spent years Of their lives and hundreds of thousands of dollars on the best business and finance schools right there to get their education to know What they're doing in order to learn how to get in right here, okay? That's all the people who know what they're doing or even even beforehand even in here right all the people who? Have invested in their education and understand Vallot.
I'll and stocks shares These all these people have gone in here so that they can milk all the newbies Who they will inevitably? Come in here, okay? Thinking that this is going to go on forever and that they're gonna get rich quick.
It's fueled by that mentality You know that they want the easy? Sexy you get rich quick thing that's on the internet and right now bitcoin Is that at the point that I'm making here is that yes people who have years of experience? And a track record of investing in volatile High-risk stocks will make money But if you're new to all this and you're thinking that this is an easy get-rich-quick Investment that you just can't miss out on just be prepared to lose all your money That's what I'm saying in my opinion a good entrepreneur always minimizes risk in their investments and Should not be getting involved in something like this now as we all know as I've said before Bitcoin is hot right now and everyone and their grandmother are having these these small wins right so You know and there's certainly investment wizards and financial advisors And this gives people false confidence So they go for the next wing and the next wing and the next wing and then you know eventually the whole thing crashes and you know Uncle Bob the investment wizard for the last two months loses the majority of his investment and If you want to be successful online doing your own thing building your own business then you don't want to invest you're Already high risk online revenue into another high risk super volatile asset so Let's say you're in affiliate marketing like me or you've got a social media agency Or you're a drop shipping or whatever.
This is already a high risk activity, okay? It's already a high risk business like my business affiliate marketing in the beginning.
It's high risk cause you know you learn it You've got it you gotta figure it all out.
You've got to you know get some courses.
You don't get some sort of training I Figure this thing end and I'm tired it's high-risk, but the more you learn and the more you gain control You know the less the less high-risk It is so you know Let's say you make 100k right the last thing you want to do is drop that 100k into another high-risk stock Like Bitcoin all right you don't want to you don't want to put your money into something So you know as volatile as this it already takes a lot of time learning and Energy to manage.
You know my business affiliate marketing so I don't want to have my money in something so high-risk That's gonna.
Take a whole lot more time and learning and energy on top of that so You know and if you do have money to invest the smartest thing to do is really to put your money into something like real estate, or safe stocks that actually yield dividends year-on-year, you know like safe stocks and Assets that have actual real value behind them okay now I know that these aren't sexy stocks like Bitcoin But let's let's take a look at one of the best right the best investors in the world Warren Buffett So where does Warren put his money does he put it in Bitcoin? No, he does.
Not right let's have a look at Warren Buffett's and stocks I mean just get this pan off, so let's go into Warren's Stocks right now.
What's Warren got here? Okay, so if we have a look at What Warren Buffett is investing into they are all big safe reliable and? Stocks you know that are gonna yield dividends and like I said, they're not the sexy stocks They're not that you're gonna.
Make you know you're gonna quadruple your your investment overnight, but it's it's it's you know It's a it's gonna.
Do you see here? It's got a dividend growth streak 44 years, Walmart, okay, and dividend yield 2.
1 percent, right a Bank, or dividend growth streak six years right everything that he's putting his money in is You know it's big it survived Johnson Johnson fifty five years right and and these stocks are gonna Give you yields.
You know anywhere between sort of two three to ten percent per year Right, but he knows that he's protecting his initial investment He's not gonna lose his initial investment And his money is Working for him right so he has this diverse portfolio all these different things that he's investing his money And I'm like I said if it's not stocks.
It really should be real estate.
You know if you understand real estate and You know put it into property and investment property Rental property it has a little coca-cola right so I mean like I said these stocks are not big sexy you know mega You know quadruple your investment overnight, but what these things? Do is they mean that you're they mean that your investment is safe and that your money is yielding dividends okay, and that's what smart Investors do okay, so like I said they're boring But they're very safe stocks like I like we just went to like coca-cola like Apple like General Motors Okay Because he knows that his investment is very very low risk that's gonna give him those yields year-on-year Because these assets have real value and not imaginary value like Bitcoin okay so bitcoins value It means nothing okay, its growth is now determined by what a bunch of beginners Right think it's going to be worth in the future right.
It's it's value is is Determined by that so and those beginners are basing that belief on their emotions that greedy get-rich-quick fear of missing out And that drive that makes them jump in and take huge risks with their money ok Another better thing to invest your money on is yourself right so invest in books Books on investing you know books on building an online business digital courses.
You know things that you can actually use and grow and you know become successful and in whatever it is you're trying to do and obviously at life CEOs We're involved in affiliate marketing is our business And it's a business we have full and complete control over a safe and predictable monthly income stream ok so Like I said before it's it really isn't hard to do well in and it's you know It's a much safer bet than you know taking this big gamble on big point You know me mortgaging your house or selling your car to buy bitcoins.
You know, it's just there's so many better ways to invest your money guys really and so and Yeah, if you'd like more information on how to get started you know in affiliate marketing I'll leave a link to our website in the description below So you can start learning and growing a real online business with us instead of just throwing it all Into a Bitcoin which is a really really really bad idea in my opinion, so what do you think about Bitcoin? Are you investing or not leave it in the comments below? and if you enjoyed this video Don't forget to give us a thumbs up subscribe to the channel and click that Bell icon So you don't miss any videos from life CEOs in the future.
I'll see you guys in the next one.
Cheapest Bitcoin Exchange in 2018
Gold and Bitcoin have been used synonymously as safe havens and currencies. What is a safe haven? It is a place to park wealth or money when there is a high degree of uncertainty in the environment. It has to be something that everyone can believe in even if the current institutions, governments or players in the business game are not available. The wealth has to be kept safe in times of trouble. What are the risks to someone's wealth? There is theft by robbery if it is a physical asset. There is damage by fire, flood or other elements. There is the legal issue in not being able to determine if the asset is really yours or not. There is access risk in that you may own the asset but may not be able to get your hands on it. You may own the asset but may not be able to use it due to some restriction. Who else do you have to rely on to be able to use your wealth - spending it, investing it or converting it into different units of measure (currencies)?
In cases like cash or currencies, you may have the asset and can freely use it, but it does not have value due to a systemic issue. There may be too many units of the currency such that using them would not purchase very much (hyperinflation). There is also devaluation - where a currency is arbitrarily devalued due to some economic or institution issue. Most of these issues come from too much debt and not enough assets to pay for them. A currency devaluation is like a partial or slow motion bankruptcy for a government or issuer. In a foreclosure scenario, the creditors (or users of the currency) would be getting a fraction of what the asset (or currency) was originally worth.
Gold is a classic safe haven because it does not need institutions to exist, is very hard to forge, cannot be destroyed by the elements and does not have issues of access or restrictions. Physical theft and restriction may be factors, but gold fares better than currencies or digital currencies at this point in time.
Learning About Bitcoin Money Trading
OK, so what's Bitcoin?
It's not an actual coin, it's "cryptocurrency," a digital form of payment that is produced ("mined") by lots of people worldwide. It allows peer-to-peer transactions instantly, worldwide, for free or at very low cost.
Bitcoin was invented after decades of research into cryptography by software developer, Satoshi Nakamoto (believed to be a pseudonym), who designed the algorithm and introduced it in 2009. His true identity remains a mystery.
This currency is not backed by a tangible commodity (such as gold or silver); bitcoins are traded online which makes them a commodity in themselves.
Bitcoin is an open-source product, accessible by anyone who is a user. All you need is an email address, Internet access, and money to get started.
Where does it come from?
Bitcoin is mined on a distributed computer network of users running specialized software; the network solves certain mathematical proofs, and searches for a particular data sequence ("block") that produces a particular pattern when the BTC algorithm is applied to it. A match produces a bitcoin. It's complex and time- and energy-consuming.
Only 21 million bitcoins are ever to be mined (about 11 million are currently in circulation). The math problems the network computers solve get progressively more difficult to keep the mining operations and supply in check.
This network also validates all the transactions through cryptography.
How does Bitcoin work?
Internet users transfer digital assets (bits) to each other on a network. There is no online bank; rather, Bitcoin has been described as an Internet-wide distributed ledger. Users buy Bitcoin with cash or by selling a product or service for Bitcoin. Bitcoin wallets store and use this digital currency. Users may sell out of this virtual ledger by trading their Bitcoin to someone else who wants in. Anyone can do this, anywhere in the world.
There are smartphone apps for conducting mobile Bitcoin transactions and Bitcoin exchanges are populating the Internet.
How is Bitcoin valued?
Bitcoin is not held or controlled by a financial institution; it is completely decentralized. Unlike real-world money it cannot be devalued by governments or banks.
These cashless transactions are fast and the processor can convert bitcoins into currency and make a daily direct deposit into the establishment's bank account. It was announced in January 2014 that two Las Vegas hotel-casinos will accept Bitcoin payments at the front desk, in their restaurants, and in the gift shop.
It sounds good - so what's the catch?
Business owners should consider issues of participation, security and cost.
• A relatively small number of ordinary consumers and merchants currently use or understand Bitcoin. However, adoption is increasing globally and tools and technologies are being developed to make participation easier.
• It's the Internet, so hackers are threats to the exchanges. The Economist reported that a Bitcoin exchange was hacked in September 2013 and $250,000 in bitcoins was stolen from users' online vaults. Bitcoins can be stolen like other currency, so vigilant network, server and database security is paramount.
• Users must carefully safeguard their bitcoin wallets which contain their private keys. Secure backups or printouts are crucial.
• Bitcoin is not regulated or insured by the US government so there is no insurance for your account if the exchange goes out of business or is robbed by hackers.
• Bitcoins are relatively expensive. Current rates and selling prices are available on the online exchanges.
The virtual currency is not yet universal but it is gaining market awareness and acceptance. A business may decide to try Bitcoin to save on credit card and bank fees, as a customer convenience, or to see if it helps or hinders sales and profitability.
Are you thinking about accepting Bitcoin? Do you already use it? Share your thoughts and experiences with us.
Why Buying Into Bitcoins?
The Bitcoin is a type of currency designed digitally and encrypted for verification of transactions of assets, and to control creation of currency; the name given to this type of currency is cryptocurrency. This worldwide famous currency was developed in 2009 by Satoshi Nakamoto. This Peer-to-peer electronic cash system was given the symbol XBT for market usage. As any other currency, the Bitcoin has its own unit system which goes from the millibitcoin (0.001) to the satoshi (0.00000001).
The design of the Bitcoin is extremely complex, but very reliable. First, one of the questioned subjects on this matter is its security. Believe it or not, Bitcoins are more secure than regular currency. The obvious thing is that, it cannot be stole physically, and although it can be stole electronically the following explanation will show you how hard it is to do this.
Bitcoins are already gaining acceptance worldwide. As now, Bitcoins can be used in over 100,000 institutions around the world and is expected to keep growing. Although the insecurity behind the fact that there is no governmental support makes it hard to believe that this will be the currency of the future, but watch out, it might impact the world.
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