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All You Need to Know About Bitcoin

All You Need to Know About Bitcoin

Education
Bitcoin is an extremely safe and reliable, software-based online payment system. To keep things simple, we can just look at it as a form of digital currency. Bitcoin is not a payment system but it’s actually like money. Digital money, to be exact. Just like real money, it can be exchanged for goods and services. To understand how bitcoin works, you will need to understand the components that make bitcoin what it is. Firstly, it is digital. There is nothing to see or hold. It is not tangible like paper currency or coins. Secondly, it is peer-to-peer based. That means you are in total control. There are no banks, third parties or intermediaries to take a chunk of your bitcoin as fees. You send your bitcoin directly to the person…
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The Pros and Cons of Bitcoin

The Pros and Cons of Bitcoin

Education
Bitcoin is one of those things that you either have a good idea about or you’ve heard of it but have no inkling what it really is. The media has not really mentioned bitcoin really is. In simple words, it’s a digital currency and a payment system. A two-in-one online currency solution that is gaining popularity all over the world. In this article, we’ll examine the pros and cons of bitcoin. At the end of the day, you will need to decide for yourself if bitcoin is your cup of tea. Whatever your decision may be, bitcoin is here to stay and is gaining popularity with more and more people accepting it around the world. Let’s look at the pros first. 1. Low transaction fees Fees charged by online payment…
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Protecting Your Bitcoins from Loss or Theft

Protecting Your Bitcoins from Loss or Theft

Education
Just like traditional currency, bitcoin too can be lost or stolen. It is crucial to take steps to protect your bitcoin or you may end up in a situation where your bitcoins are coin and there is absolutely no way to get them back. You can’t go to the police because unlike normal theft or burglary, most police are not equipped to handle digital theft, etc. Prevention is better than cure. Follow the steps below to safeguard your money. The number one reason people lose their bitcoins is through carelessness. Bitcoins are kept in a digital wallet. There is an encryption and a password. If you commit the password to memory and forget it later on, it is impossible to recover the bitcoins. This has happened to many people and…
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So Many Ways To Buy Bitcoins

So Many Ways To Buy Bitcoins

Education
Bitcoin is the latest and hottest online payment system that the internet savvy community is raving about these days. It is a topic that the general layman is not really aware about and does not really understand due to its steep learning curve. It is a digital currency and payment system that is secure, private and very simple to use once you know how. It is not regulated and is becoming more and more valuable with each passing day despite the fluctuations. Some people hoard it as a form of investment. Others use it to purchase items discreetly since total privacy is a bitcoin benefit. Whatever the case, in order to use bitcoins, you must first acquire them. That’s what this article is about. Before even getting any bitcoins, you…
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How Bitcoin Prevents Double Spending

How Bitcoin Prevents Double Spending

Education
To understand how bitcoin solves the double spending issue, you need to know what double spending is. It’s a pretty simple concept to understand and this problem only exists on the internet and not in the real world since you can’t double spend with traditional currency. Wikipedia states that double spending is, “a failure mode of digital cash schemes, when it is possible to spend a single digital token twice. Since, unlike physical token money such as coins, electronic files can be duplicated, and hence the act of spending a digital coin does not remove its data from the ownership of the original holder.” So, what does this mean? Let’s look at this scenario. You visit a store to buy a book. You have ten dollars in your wallet and…
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The Real Crypto Wealth Secret At Play Right Now…

The Real Crypto Wealth Secret At Play Right Now…

Earn Bitcoins, Featured
If you've looked around this site and crunched the numbers at all, you'll realise that crypto currencies do offer a very real opportunities for taking a small starting bank and turning it into some serious Altcoin over time. Some of the methods we've shown you are more profitable than others. Some are clearly faster than others. Some will carry more risk. But for my money, there is one way to dramatically increase your returns and to speed up your timeline, all while seriously reducing your risk... And that is by taking advantage of the state of the industry itself. Because this industry is an affiliate marketers dream! It is still brand new and all kinds of businesses are trying to cash in on it. Countless vendors madly trying to come…
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Review of CoinXL Autotrading Platform

Review of CoinXL Autotrading Platform

Earn Bitcoins, Featured, Reviews
CoinXL is a passive trading opportunity that is currently working very well for me from a small initial investment. CoinXL relies on their own cryptocurrency trading bots... complex algorithms to detect when a crypto market is going to increase or decrease... allowing the bot to buy low and sell high. Members purchase a packages as low as 0.05 BTC up to as high as 5 BTC which are then traded on their behalf. Members are then paid a 1% return on their investment each day for a total of 150 days, recouping 150% of their investment. Members can then reinvest their initial stake and keep their profits, or reinvest the lot in a larger stake. At time of writing I'm only part way through my first cycle, so there are…
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Review of Trade Coin Club Opportunity

Review of Trade Coin Club Opportunity

Altcoin Investments, Currency Trading, Featured
This is a currency trading club where Member purchase the software and then use that suite of trading tools to trade their own funds at whatever level they want, starting with as little as 0.01 BTC. Trading is semi-automated and the Member retain full control over their account funds. You can choose to trade with more than 30 types of Altcoins, creating a well diversified portfolio quickly and easily. For the MLM side of things, the Trade Coin Club software is the product you're promoting, so there's legitimate value being added to the network when you refer new Members... hence the generous compensation package. It uses a binary matrix which means when an active Member brings in more than two new Members, any more are placed even deeper in the…
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Hashing 24 Review

Hashing 24 Review

Bitcoin Mining, Earn Bitcoins
The Hashing24 team has been in the cloud mining business since 2012 and they've recently created a new partnership with one of the the industry’s leaders – BitFury - to deliver even more powerful mining tools to their users. Hashing24 has a reputation for reliable service and state of the art speed, capacity and performance. They work tirelessly to achieve optimum efficiency to deliver the best possible margins in Bitcoin transaction processing. The modern ASIC chips from BitFury deliver the maximum performance and efficiency possible. Hashing24 was made by professionals for individuals who want to get involved in bitcoin mining at any level.  They believe that everyone should be able to benefit from Altcoin mining and have access the latest technologies and high-performance large scale industrial data centers. This is…
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Genesis Mining Review

Genesis Mining Review

Bitcoin Mining, Featured
Genesis Mining is one of the largest Bitcoin and scrypt cloud mining providers and has been my preferred option for some time. They offer three Bitcoin cloud mining plans that are very reasonably priced plus a number of other crypto currencies so you can build a diversified portfolio over time. Their Bitcoin mining system is ideal for those who are still new to mining crypto currencies, and it's also quite robust for cryptocurrency experts and larger-scale investors. Genesis Mining is the world’s first large scale cloud mining service offering an alternative to those who would like to engage in Bitcoin and altcoin mining. There are no pool fees, now power or bandwidth fees. You don't have to pay or wait around for shipping of mining hardware. Yuo don't need ot…
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HashFlare Bitcoin Mining

HashFlare Bitcoin Mining

Bitcoin Mining
HashFlare was founded by Sergei Potapenko on 2013 and is based in Talin, Estonia. It offers a number of Bitcoin & Cryptocurrency Mining packages, suing a number of different mining systems. They maintain their own datacenters to support their various mining options. Of all the miners I've tried, this one is the most effective. It isn't the cheapest I've seen by any means, but they are up front about their costs, and in this business I'm happy to pay a little more for consistent returns. For Bitcoin miners, the big decision will be to decide  whether to choose their SHA-256 or Scrypt package. You'll find plenty of strong opinions on this one if you want to go looking, but personally I expect the Scrypt option to improve in performance while…
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Review of the BTC Robot Trader

Review of the BTC Robot Trader

Currency Trading, Reviews
Attention : The BTC Robot Trader is not avaiable anymore, instead take a look at my BTC Robot 2.0 Review to learn more about the second version of this software, how to use it and how to install it properly! I mostly avoid robots these days, as teh most of them are simply not working like promised. But the Bitcoin Robot Trader  is a option worthgiving a try if you are new to trading and not particularly interested in learning a whole lot of theory. This software is basically an add on for the Metatrader 4 Trading Software, after it is installed and activated, it will spot promising market conditions. It's not totally hands-free though, as the thing with most bots is, they need to be updated as market conditions…
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eToro Social Trading Platform

eToro Social Trading Platform

Currency Trading, Reviews
eToro is a little different to most brokers and another good option for beginners. It offers what they call CopyTrading, when you can opt to follow the trades of another member. They buy, you buy. They sell, you sell. They move their stops or change their targets, your account automatically updates to do the same. There is a risk here that the traders you choose to follow could have a reversal of fortune, but if you spread your bank over a portfolio of traders... ie copy the trades of 8-12 proven traders... you can minimise your risk and still generate a very consistent return. And if one of them does manage to blow up, it won't have a major impact on your account balance. I've used this one myself in…
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AVA Trade Platform Review

AVA Trade Platform Review

Currency Trading, Featured, Reviews
This is my main trading platform for all cryptos and forex pairs. It runs on the Metatrader platform, has very competitive spreads (FX equivalent of commissions), great liquidity (so you get your orders filled at the price you want), and I've never had a problem depositing or withdrawing funds. It is a regulated broker, well established, operating in over 150 countries for the last 10 years. They offer fantastic support and training and a variety of trading platforms, including a web-based option for any time you're away from your desktop. You can start with as little as $100, though they have some excellent first deposit bonuses that make it worth your while to start with a larger initial bank... which isn't a bad idea... Your Starting Account Size You don't…
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Plus 500 Trading Platform Review

Plus 500 Trading Platform Review

Currency Trading, Reviews
Plus500 offers CFD trading in Shares, Forex, Indices, Commodities and ETFs. I've been using their platform for a number of years and it is easily one of the most user-friendly I've encountered and I've always found it reliable and stable. It was also one of the first I found offering CFD options for crypto-currencies. They also offer CFD trading for some 2000+ instruments across 20+ different markets worldwide. The other big plus for me was the fact I could deposit funds from my PayPal account, which saved a bit of back and forth when I needed to make a deposit. Obviously you don't want to be making too many deposits, so that isn't such an issue, but I find it handy to have funds paid out to PayPal as well.…
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Tips For New Currency Traders

Tips For New Currency Traders

Currency Trading
Currency trading is possibly the easiest way to build your stock digital currencies, fast... but it's also a good way to lose it all if you dive in unprepared. An even bigger risk is when you 'get lucky' early on and start to think you've got it all worked out... You start to feel invincible and the temptation is to loosen stops, increase lot sizes and take bigger and bigger risks. And quite often you'll get away with it... for a while. But rest assured that sooner or later, the market has a way of coming back to make you feel very, very human. The thing is, almost every trader who blows up their account do so after a run of amazing success. Don't fall into that trap... The better…
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The Bitcoin Miner App

Bitcoin Mining, Earn Bitcoins
This is a free app from the Google Play store that actually works, in that it does generate bitcoin for you... all totally hands-free... though it does it so slowly it isn't going to be worth the effort for most people. It is a bit of fun to see it creating money... more or less out of thin air... but it's certainly not intended for a serious capital raising venture. That said, if you are new to all this and seriously don't have any cash to put towards this right now, this is another free option to start building up a small starting bank. On it's own it will take months or even years to earn anything useful, but run it in conjunction with a few other free options we…
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Trezor Bitcoin Safe – Hardware Wallet

Trezor Bitcoin Safe – Hardware Wallet

Reviews
Once you start to accumulate some Bitcoins, you will need to consider purchasing a hardware wallet. This is a device to store your Bitcoins that is not connected to the internet, so it's not vulnerable to hacking and theft. The general idea is to use a web-based, desktop or mobile wallet for your day to day use, but keep the bulk of your bitcoin safely out of reach, offline. The Trezor storage device does just that. It plugs in as a USB device when you need to access your bitcoins and has multiple additional security measures built in for when you're connected, and even has measures to protect you from a physical attack or if your computer is compromised. As well as the security risks of connected wallets, there is…
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