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Owning Bitcoin is the new cool! Those who own Bitcoin have 125% more chance of stealing your girl! Had you bought Bitcoin a couple years ago, you’d be a millionaire by now! This and many other things you’ll get to hear during a Bitcoin discussion. Despite all its cool features, Bitcoin is not a currency that comes from heaven and has its pros and cons.

In this post, we are going to discuss three reasons to buy and three reasons not buy Bitcoin investment.

Get, set, go!

3 Reasons To Buy Bitcoin:

Increased Attention From Major Investors:

Ever since Bitcoin was created, its biggest boosters have been computer geeks. However, the trend is starting to shift as the major investors and financial industry has turned its eye to Bitcoin. A growing number of investors and entrepreneurs have recently joined Bitcoin as they consider it a legitimate asset class such as commodities, bonds, and stocks.

The Number Of Bitcoins Is Limited:

Bitcoin is limited. Yes, it is not your traditional currency which exists in billions or trillions – it’s limited in nature and only 21 million of it will ever come into this world. This is the very reason why Bitcoin is so valuable and has a single BTC being traded at $3456.00 at the time of writing. To your surprise, it’s expected to go even higher.

Some Term Bitcoin As The New Gold:

Those who own and invest in gold do so because it’s an asset whose price is not determined by government. Regardless of the fact that a country is ravaged by war or its improvident national bank keeps on printing excessive cash, the value of gold will remain. Bitcoin has a whole lot of similar qualities. It exists on a decentralized computer network that rises above national fringes, and there is no Federal Reserve-like authority that can downgrade it.

3 Reasons Not Buy Bitcoin:

Core Users Of Bitcoin Are Still Fringe Figures:

Because of obstacles like high transaction fees, slow transaction confirmation, and restrictions on payments through credit/debit cards, Bitcoin’s primary use remains what it has always been: buying drugs and other illicit activities.

The ordinary consumer is still not using it as a payment method, and this is the main reason why Bitcoin is far too less useful than gold in the real world.

Bitcoin Is Highly Volatile:

Bitcoin is highly volatile and has experienced some spectacular crashes over the years. In 2013, for instance, the currency went on to hit $1100 only to fall back to $700 a few months later, and then to $200 in 2015.

While Bitcoin is currently over $3000/BTC, there is no guarantee that it won’t tumble back t0 $2000 or below.

Bitcoin Only Exists On Computers:

This may sound obvious but, Bitcoin is the most intangible form of money in the history of money. It’s basically just a piece of code stored somewhere on the internet and there is no authority in the world you can ask to honor it.

 

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John MacAfee Bets His Manhood – Says Bitcoin to Hit $500k In 3 Years

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19 July 2017, A passionate digital currency backer says that Bitcoin is going to hit $500,000 during the next three years.

According to him, Bitcoin’s potential is not a joke, and that he is ready to take any bet to the contrary.

People were quick to respond:

One might think that McAfee is on the extreme end, but he is not the only one manifesting this much optimism for Bitcoin. Tom Lee – one of Wall Street’s biggest equity bears – also believes that Bitcoin is the new gold with a potential worth of $55,000 by 2022.

“One of the drivers is crypto-currencies are cannibalizing demand for gold GCQ7, -0.20%”, Lee wrote in a report. “Based on our model, we estimate that Bitcoin’s value per unit could be $20,000 to $55,000 by 2022 — hence, investors need to identify strategies to leverage this potential rise in crypto-currencies.”

That’s a major jump from $2530. Lee considers Bitcoin as a Gold, and the reason for this is the ever-increasing value and high demand of Bitcoin. Lee added, “Bitcoin supply will grow even slower than gold.” And, “Hence, the scarcity of Bitcoin is becoming increasingly attractive relative to Gold.” Lee also wrote, “This is a game changer, enhancing the legitimacy of the currency and likely accelerating the substitution for gold.”

Today’s value of Bitcoin is $2303.28, which reached $3018 on June 11, 2017. However, the drop is just being touted as temporary, and Bitcoin is expected to pick up the pace again in the coming days.

Story Credits: MarketWatch

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Bitcoin Exchange Calculator

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Bitcoin is a decentralized crypto money that offers pseudonymity to its clients. In spite of the fact that a Bitcoin has no intrinsic value, it’s turning into an inexorably popular type of digital cash, drawing in venture capitalist attention, from Winklevoss twins to Fred Wilson of Union Square Ventures.

Bitcoin Exchange Calculator

There is a restricted supply of Bitcoins, 21 million to be precise, with 11 million currently available for use. While Bitcoin enables you to keep your identity concealed, the blockchain goes about as an open record of each Bitcoin exchange. Bitcoins can maintain a strategic distance from central banking and global cash wiring charges.

There are a couple of various approaches to obtain Bitcoins. You can mine a Bitcoin, but it becomes difficult when the amount of Bitcoin mining increases. You can likewise set up a wallet by means of Blockchain.info, or through a safe Bitcoin customer like CoinBase, and utilize destinations like BitInstant to load it.

For a simple way to calculate the estimation of your Bitcoin in fiat, check out this Bitcoin exchange calculator designed by BTCwonder.

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What Are Some Safest Bitcoin Wallets You Can Trust?

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Safest Bitcoin Wallets You Can TrustA Bitcoin wallet is basically equivalent to a bank account for the traditional money. It is used to store bitcoins and make transactions with other users.

Bitcoin’s value has raised incredibly over the years. At the time of writing, one BTC is worth $1174.00 USD and it is expected to go even higher for the upcoming days. Apart from being extremely valuable, Bitcoin has also attracted the attention of hackers from all across the world as they are always developing new techniques to breach the Bitcoin security and steal your coins.

To keep the coins protected, it’s essential to use the wallets that offer foolproof security, high reliability and less vulnerability against these attacks.

Here we have discussed some of the most reliable Bitcoin wallets that you can use to keep your Bitcoin assets well-protected. (Also, don’t forget to read our guide on how to secure a Bitcoin wallet)

Copay:

The first one on our lists of safest Bitcoin wallets online is Copay. It’s a multi-signature wallet and comes with a unique feature of restoring funds in a wallet by exploiting old backups.

The service also prompts its users to back up new information at regular intervals to avoid the loss of data.

The only complaint regarding Copay is its slow speed. But it doesn’t stop it from being one of the best iOS wallets out there.

However, Copay is not only limited to iOS. The users of Android and Desktop applications can also enjoy its unique features in a similar fashion.

Bitcoin Armory:

Also known as Armory – this wallet is particularly designed for desktop users and is one of the best out there.

Ever since the smartphones have taken over, the desktop wallets have fallen out of favor. But the Armory still remains to be one of the favorites due to its excellent functioning.

The wallet offers:

  • Multi-signature ability
  • Full node verification
  • HD privacy

And is an open source software.

Blockchain:

One of the most renowned Bitcoin Wallets Address. The Blockchain is available for iOS, Android as well as web browser users.

The wallet provides complete Tor Support Privacy and comes with trusted server verification.

Blockchain is being anticipated to grow more in future due to its exceptionally high amount of capital and the ongoing R&D which aims at making the product even better.

Trezor:

Trezor features cold storage and is a hardware bitcoin wallet. The wallet is open source and carries all the information required to make Bitcoin transactions. The wallet can easily be carried in your pocket. However, the service does not come for free. The price tag is $119.

Xapo:

Xapo is available only for desktop users. It comes with trusted server verification and is probably the only wallet that provides its account holders with insurance. Similar to all other wallets, Xapo is also an open source software.

Green Address:

Green Address is available for android, iOS and web browsers and is a multi-signature wallet. It comes with HD privacy and trusted server verification. One of the reasons why Green Address is popular among the users is its availability as a Chrome extension, which makes accessing it simple and straightforward.

These are some top-notch wallets for users to keep their bitcoins from security vulnerabilities. Some other wallets that you might want to consider are Cool Wallet, Holy Transaction, Ledger, etc.

All these wallets are outright reliable and ensure the highest level of security for their users.

Want to set up a Bitcoin wallet? Read our guide on how to set up a Bitcoin wallet.

 

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What Are Some Ways to Make Money Online Using Bitcoin?

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Ways to Make Money Online Using Bitcoin

Bitcoin is a decentralized, peer to peer, digital currency. It can be sent from person to another without having to go through a clearing house. Since the currency is not monitored or regulated, the transaction fees are extremely low. And this is the main reason as to why the use of Bitcoin is increasing each day and people are making a lot of money online through cryptocurrency.

If you are also fascinated by Bitcoin and want to learn about how to make money online using bitcoins, you have come to the right place.

Here we have discussed some ways that will help you earn money online using digital currency. Give each a solid read.

Ways to Make Money Online Through Bitcoin:

Bitcoin Faucets:

What are Bitcoin faucets? These are websites/apps that dole out the reward in the form of satoshi: hundredth of a millionth BTC. The reward is distributed among those who complete a specific task given by a faucet.

Once you get used to the faucet system, it becomes more like an addicting game. So it turns out to be a great way to make money while having fun solving CAPTCHAs.

Auto Trading:

One of the easiest ways to earn Bitcoin online is using bots that automatically trade bitcoins for users. These bots work 24 hours a day and 7 days a week which is quite remarkable, especially for beginners as they lack the expertise of trading coins.

Affiliate Bitcoining:

The most common way of Affiliate Bitcoining is to set up your own website and offer tutorials about bitcoins for a formal fee. The paramount advantage of having a personal website is that it attracts several advertisement agencies to place ads; which is a great way to make online money.

Mining:

Mining is the main source of generating bitcoins. In bitcoin mining, multiple miners connect with each other to form a pool – also known as bitcoin mining pool. These miners then work on solving blocks. Once a block is solved, the pool members receive their reward in the form of bitcoin.

Since the bitcoin is treated as a currency, loaning your coins is a great way to generate large sums of money.

These are some proven ways to make money online through bitcoins. However, there are always some security risks involved in online money generating techniques, and bitcoin is no exception.

There are a couple of things that you should be aware of, such as websites that ask for plugin additions on your system. It’s a huge red flag. Steer clear of such websites. It could be a trick to steal your information which ultimately puts you at the risk of theft.

Conclusion:

These are some simple ways to make money online using bitcoins. Although they seem pretty simple and straightforward, you will need time to get used to it. Moreover, there are some risks involved – such as information stealing websites. So you will need to be extremely careful to avoid being another name on the victim list of Bitcoin scams.

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ICO Market is Skyrocketing! How Are Regulators Going to Handle It?

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Nowadays, ICOs (Initial Coin Offerings) are among the most contentious fundraising techniques. Though, based on market figures, it looks like there’s no halt in raising money with ICOs anytime soon.

ICO Market Analysis

The very first successful ICO event took place in 2014 by Ethereum. However, the year 2017 saw some of the biggest ICOs, such as Filecoin and Hdac, that raised more than $250 million only with their token sales. But the trend seemed to slow down by the end of the year, with a huge number of failed ICOs.

According to a report, out of 169 projects, only 69 managed to raise money through token sales, effectively. As the trend started to fade away, it grabbed the attention of protruding figures of the blockchain sector.

ICO market

Trends

By the end of 2017, the failure of ICO trends rebounded with force and achieved a whole new level in the starting of 2018. More than $1 billion worth token sales were registered back in December. However, in a mere three months of 2018, the blockchain firms raised more than $5 billion by selling tokens.

The number of ICOs are skyrocketing. Plus, 50 ICOs are now being registered every month, whereas in 2017, not a single month saw ICOs more than 26, except the month of December.

 

Scams

People with dubious business models saw a huge opportunity in the unregulated ICOs market. Major projects such as Bitconnect, was shut down after it reached a $2.5 billion market cap. Furthermore, the intense funds on digital platforms turn out to be an easy target for hackers and according to a report, 450 ICO projects were attacked in 2017.

Problems Faced by Regulators

ICOs are gaining huge popularity and have become a huge concern for regulatory authorities around the world for two main reasons:

  • The vulnerability of the investors.
  • The cash-flow to an unregulated sector.

Though, the complex decentralized architecture of the blockchain has made it quite hard to execute any regulations on the wild-market, the largest ICO market, US, has recently become the centre of the regulatory discussion on cryptocurrencies and ICOs. Deprived of any real plan, numerous US agencies, like SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission) are trying their best to explain the rules according to their own partial understanding.

Is there any solution?

Well, it’s quite clear that the ICO market is far-off from coming to a “full-stop.” Though, on the other hand, this also means that more projects are going to target investors. However, in an attempt to regulate the market, the SEC keeps on banning legit ICOs.

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