Tag: Bitcoin investing

  • Bitcoin rose and hit One-Year High

    Bitcoin rose and hit One-Year High

    2 min read

    Bitcoin rose and hit over $9,000.  This is its highest since May 2018.

    This new high is perhaps caused by Facebook’s reveals to launch its crypto. Such an event added more optimism and confidence about the future of cryptocurrencies in general because it showed that digital money is going to be adopted by big companies.

    The biggest cryptocurrency climbed as much as 9.4%. Other crypto coins also rose: Litecoin for 4.4% and Ethereum for 4%.

    Cryptocurrencies price chart

    Let’s stay with Bitcoin.

    Bitcoin rose more than 130% in 2019  and has almost doubled in value. How did it happen?

    The big companies like Facebook expanded or revealed that have plans, to their offering of cryptocurrency services.

    It seems that Facebook’s plan to launch a digital currency is pushing people toward Bitcoin.

    June 18th is tomorrow ( the date that Facebook planned to reveal more details about new digital asset) and we will have full public information. Previously, Facebook announced the plan to release a white paper for “Libra” or “Globalcoin”. This should be on June 18th as they said.

    FOMO effect

    Jeremy Allaire, the chief executive of Circle, tweeted the launch of Libra (whitepaper) will be a “massive inflection point in the global adoption of cryptocurrency.”

    This entrepreneur said that by June 21st, he  expects for Bitcoin to be valued at $10,000, “marking [the] start of Crypto Summer.”

    Yes, $10,000 is a fine number, but many see it as a pivotal level for the Bitcoin price.

    When Bitcoin rose to this level, and that time isn’t so far, FOMO will favor the crypto market.

    Bitcoin chart

    If you can recall the time when BTC went over $4,500 you know what we are talking about. This means that the price of Bitcoin and other cryptos will go higher, more above $10,000 and they will do it very fast.

    For proponents, this is great news and event worth waiting for. There are so many emotions in the game. Just try to read everything on Twitter. Bitcoiners will be glad to see the opponents frustrated and to see FOMO from those who celebrated when BTC dropped about 90 %.

    What will they feel about those who believed that Bitcoin is dead forever?

    The Wall Street analysts stated that once $10,000 is broken trough, there will be a “fast and furious” progress to $20,000. Taking that new value as the new position, it looks more obvious that Bitcoin can double the price in the following several months.

    The price of $40,000 sounds pretty good, don’t you think?

    Some have a different opinion

    However, there are some that deny this pleasant emotion about Libra and bright influence on Bitcoin.

    Peter Schiff, investor, and libertarian-leaning economist speculated that Facebook’s Libra project will be “bad news” for Bitcoin.

    This famous cryptocurrency critic, who claims that BTC has no intrinsic value and thus is not better than hard gold (Schiff is a prominent gold investor), calculates that Libra will be much stabler, cheaper, and more easy-to-use than Bitcoin.

    And yes, that is exactly what Facebook promised about Libra,

    low fees, fast transfer and a level of stability not seen with Bitcoin.

    Behind this promise is the idea that the new cryptocurrency will be secured with traditional currencies and other ‘steady’ assets.

    The bottom line

    All is math. Bitcoin was $2,634 on June 16, 2017. Say you bought some BTC at that time. Now, you have an almost tripled return after 2 years. Bad investment? Never dare to say that. Sudden and fast ups and downs, yes. That’s the nature of Bitcoin and any other cryptocurrency.

    And speaking about Bitcoin’s future, as Nelson Mandela said: “It always seems impossible until is done.”

    risk disclosure

  • Millennials Have Nothing Saved For Retirement

    Millennials Have Nothing Saved For Retirement

    1 min read

    Hey, millennials! What are you trying to do? Are you saving for retirement?

    You have really upped your game when it comes to saving for retirement: only 1 in 6 millennials reportedly have $100,000 socked away.

    In fact, most millennials are not on track when it comes to saving for retirement. Statistics show that 66% of people between the ages of 21 and 32 have absolutely nothing saved for retirement.

    I know, you are not surprised. I’m not either. Young people do not have leftovers for savings. Many have started to work at a time of stagnant salaries and high unemployment. 

    Pensions are disappearing, the future of social security is uncertain.

    It’s likely we’ll live forever.

    Millions of millennials have little or no savings.

    In the first place, they believe they’d be better off by putting their money elsewhere. Some have to pay off student loans.

    Some are trying to build up their own business.

    Many started to work at low-wage jobs for a few years and then went back to school to improve their employment chances. And some have more immediate costs like childcare and rent.

    We can recognize the ruthless pressure to save more for a distant future.

    And it is completely disconnected from your reality.



    We each face different circumstances and desire different things in life.

    But supposed experts continue to implore this entire generation to save in retirement accounts.

    Do they know that only focusing on saving for the future means the possibility to neglect more pressing financial issues?

    Such common sense rule about savings disregards life cycle priorities that differ from those of the generations past.

    Instead of cashing out after working at the same job for 40 years, many of millennials would rather enjoy a more entrepreneurial career while earning well beyond typical retirement age.

    Let me be clear!

    There’s nothing wrong with saving for the future and using the tax advantages of retirement plans. It’s mathematically true that starting to save early in the life improves our odds of having enough later.

    But, it’s necessary to recognize the cost of missed opportunities. Saving reflects the safest choice, that’s true.

    But doing as experts try to advise, might hold back millennials from taking any financial risk to pursue more entrepreneurial efforts now.

    Many young people have finance-related fears of an uncertain future and how to make their career choices.

    This is not to say everyone should avoid stable jobs or great retirement plans.

    No, that means that millennials avoid sacrificing but they are taking risks.

    And that makes sense.

    Taking a risk by investing in yourself to build a business could not only lead to greater wealth but could provide a far more fulfilled life along the way.

    Their different needs and preferences should define their financial plans, not any of the many generalized “rules” we often hear. But they shouldn’t completely abandon long-term savings, they should think about how best to use their extra dollars, both to establish their financial security and to find more fulfilling careers and happier lives.

    About 25% of millennials said they were not eligible to participate in an employer-sponsored retirement plan because of their part-time employment status.

    In terms of preparing for retirement, millennials have three strikes against them from the get-go.

    First, because of limited access to retirement plans at work, millennials will struggle to build retirement savings.

    Second, they are less likely to have bought a home, and home equity is a valuable retirement asset.

    And third, they are more likely to be burdened by student loans.

    That’s why a lot of millennials take chance in trading and investing with low fees.

    As a generation which is forced to plan from day to day, it is not a problem for them to trade on a daily basis.  Or to put their extra incomes in some stock investment.

    That’s good work, guys!

    Your job in this world is not to solve the problems that baby-boomers left to you, but to take care of yourselves and make your life better and easier.

    In that way, the whole world will be better placed.

    But before you start your adventure try some free demo account and learn and test your skills. 

    And you have to be very cautious when you have to decide which brokerage to choose.

    You have a plenty of them to choose from, and for the good start.

    We recommend you to read some of our recommendations and predictions.

    Good luck to all of you, millennials!

    Risk Disclosure (read carefully!)

  • Investing or trading Bitcoin? What Is The Difference?

    Investing or trading Bitcoin? What Is The Difference?

    Investing or trading Bitcoin, this choice should depend on the knowledge of Bitcoin and the available property.

    2 min read


    The nature of Bitcoin is extremely volatile and the price can dramatically drop in the span of a few hours.
    Truly roller coaster!

    Because of that, the majority of traders give up after a few months or after the first market crash.

    Each time the Bitcoin bubble creates a hype that puts Bitcoin at the front pages of news, the media becomes more interested.

    Then the price keeps on rising and investors become millionaires. That’s until the bubble crashes and the circle starts all over again.

    That doesn’t mean you cannot get your hands on Bitcoin and own at least a bit of what is believed to be the future of currency. What you do have to understand is the difference between investing and trading Bitcoin.

    One of the greatest advantages of Bitcoin is its decentralized nature, which doesn’t require a  central authority or a middleman to be involved. Therefore, you can send money to anyone living around the world, eliminating banks. Most importantly,  you don’t have to pay extraordinary fees or wait days for the money to arrive at your bank account – it takes minutes.

    All the transactions that have ever happened are recorded in the so-called public ledger. The ledger is based on blockchain technology and allows anyone who’s a member of the Bitcoin network to access the records and see every user’s history.

    Thus, nobody can cheat, steal money or double-spend them.

    If there was anything suspicious happening, the entire network would be notified.

    Bitcoin is exciting and magnificent and unique due to the technology behind it and the idea of being free from governmental control.

    But before you decide to jump into investing or trading Bitcoin, there are few more things you have to know about its nature.

    Bitcoin isn’t a fiat currency, hence its price isn’t directly related to the economy or policies of a single country. It has a difficult history of ups and downs, many of them related to worldwide events.

    BTC will never disappoint when it comes to delivering exhilarating shivers down your spine.

    If you want to, you can spend all day long tracking different exchanges and trading.
    It is a roller coaster!!!

    Bitcoin is well-known for its rapid and frequent price movements, sometimes even throughout a day. For traders, it’s yet another exciting opportunity to gather quick profits.

    There is no official Bitcoin exchange, hence there is no official Bitcoin price. Bitcoin exchanges operate around the clock.

    Trading vs Investing Bitcoin

    Is It Better to invest or trade Bitcoin?

    This choice should depend on the knowledge of Bitcoin and the available property.

    Investing in Bitcoin can start from a small amount which can be increased with time and experience.
    It’s a long-term project, which might lead to accumulating a large amount of money.

    Trading should be reserved for those who know the Bitcoin nature in-depth and aren’t afraid of losing.
    The constant fluctuation of Bitcoin can be an exciting experience for any trader. On the other hand, it can scare away those who do not know how to deal with or handle it.

    In other words, the difference between investing and trading Bitcoin lays not only in the technicalities of it but also in somebody’s character and temperament.
    A lot of beginners are deceived with an idea of how much they can make from trading Bitcoin. It surely is a more dynamic environment and rates are changing quicker than in a traditional stock exchange, but that only indicates an even higher risk. The fluctuations in the value of a conventional currency can be measured in a fraction of a penny. Bitcoin prices, on the other hand, rise and fall dramatically throughout one day. 

    This isn’t advice, just notice to you who want to start trading or investing, doesn’t matter. You would never start with all of your capital. You would rather build the experience and understand the market properly.

    Investors can wait through the knockdowns and have the resources to postpone the bad impact.
    Traders, however, are often compared to professional gamblers – they have to act quickly and know when is the right time to leave the game.

    What else you have to know about trading and investing Bitcoin?

    You should never keep all your eggs in one basket.

    What does it mean? But don’t be mislead that the most secure option is to store your Bitcoins on some exchanges wallet.

    Why is that? If you’re thinking about trading, you also have a large amount of money to put on the market.
    Be cautious and invest in a secure and reliable wallet. An exchange can be closed and busted anytime, and so are your money.  It happened in Bitcoin’s early days. The catastrophic collapse resulted in losing over 800,000 bitcoins and customers were never able to receive their money back.

    Some see trading Bitcoin as a Wild West, without any regulations and legitimate backup. While others are sure that it is a manifesto of liberation. Something is well known, it’s a game of which nobody can predict the end result.

    Well, we hope that Bitcoin is gonna win! We are working on it!

    Listen to this guy.

    Risk Disclosure (read carefully!)


  • What With Bitcoin After DEATH

    What With Bitcoin After DEATH

    1 min read

    Bitcoin after death

    Bitcoin after death! A bizarre topic, I know, I know, but shit can happen. Yeah? And no, of course, I don’t mean “death” of bitcoin, but miners and owners. I would like to ask you something.

    If something is virtual, can it be inherited after someone’s death? You know, it isn’t lol, that is a serious question.

    And unfortunately, it’s already happened.

    Bitcoin after death

    It happened to the family of a young man who died in his early 30th’s.

    A family of young men, Matthew Moody from California found themselves facing this problem. Namely, Matthew was one of the early miners of the cryptocurrency, or rather bitcoin. Then, when mining didn’t need special equipment, a dozen graphics cards and their own power plant in the basement. Time of crypto – pioneers.

    But Matthew died five years ago, and he also left behind the bitcoins. Nobody pays attention to it but as the value of bitcoins grew, his family wanted to take over them. And then there was a problem in front of them. There was no lawyer who can give them advice or help because inheriting bitcoins was a totally new area.

    Cryptocurrencies were an unknown area.

    The question is can the bitcoins be inherited?

    Matthew’s father tried to determine how much bitcoin left his son behind, but without the key to accessing a virtual wallet, it seemed like a mission impossible. The problem is that there is no rule to regulate what is happening with bitcoin (or any other virtual currency) after the death of the owner.

    Unlike them, the classic money deposited in the bank can be reached even after the death of the owner if you prove that you are a heir.

    In the case of bitcoin, there is no centralized body (which is the main advantage at the same time) that would solve such problems, and even the classic legal bodies actually do not know what and how to solve this problem. 

    The issue on legislation -What With Bitcoin After the death

    This will be one of the issues that legislators will have to deal with if they want to regulate crypts and their use in the future. Desiring that such bitcoins do not end up on garbage, stock exchanges dealing with the trade of cryptocurrencies are considering introducing the security mechanisms. They would be activated after the death of account owners, which would simultaneously allow the heirs to reach those cryptos.

    Some of the biggest brokers like CoinBase (and they are maybe unique), have established a kind of custodial service that keeps the user’s private keys. The same ones without which it is impossible to access the user account or wallet. 

    If something happens to the owner, those asks the successor for proof of death and inheritance in order to transfer funds to his heirs.

    But users are those who will ultimately have to take into account and include the inheritance of cryptos into their wills. Or at least notify family members that they own crypto and where it is stored.

    The point is, do not forget your cryptos and leave them out of your will. I mean, it’s smart to do this if you love your family.

    Including with the key, of course.

    You would like to read HOW TO MONETIZE BITCOIN