One can invest in Bitcoin by either buying some themselves or by mining it successfully by setting up a node. Bitcoin is nothing more than a valuable token issued from the Bitcoin Blockchain. Acquisition of this token would have it such that you have invested in Bitcoin. Bitcoin is valuable because a lot of people … Continue reading How to Invest in Bitcoin
To answer your question, and explain the rationale well, I'm going to dig into details. Bitcoin was created in 2009, and its first transaction was 10,000BTC for two pizzas. People bought and sold Bitcoins for under a dollar at the time. In 2011, Bitcoins were priced at 5 dollars. At the end of 2013, BTC … Continue reading Why Bitcoin May be Worth Thousands
When it comes to the value, Bitcoin remains gold. Litecoin is still used by many, but there are currencies that could be a better comparison to cryptographical silver. Ethereum is a good example. There are so many excellent cryptocurrencies that it wouldn’t be fair to propose just one as an alternative to paper money (paper … Continue reading If Bitcoin is Gold and Litecoin is Silver What are Other Altcoins?
In my book, a trustworthy Bitcoin exchange is not only secure from hackers' attacks, but it also guards the privacy of its users and always acts in the community's best interest. Considering my personal experience and online reviews posted by other users, I've put a small list together of the most trustworthy exchanges: 1. Bitstamp … Continue reading Top 3 Trustworthy Bitcoin/USD Exchanges
There are many ways to earn 3 or more Bitcoins per year. Here are some ways you can earn Bitcoins without any (or with minimal) technical knowledge: 1. Bitcoin affiliate marketing The idea is to get paid for promoting someone else's products. Basically, you get paid whenever someone comes to a website following your link … Continue reading 8 Alternative Ways to Earn Bitcoin
A blockchain is composed of blocks, each of which is attached to the previous block. Blocks are attached by adding the hash of the previous block in the current and the current hash in the block after and henceforth. These blocks that are attached to one another in the blockchain are composed of transactions assembled … Continue reading How Consensus Makes Blockchain Trusted
You are buying Ether which could be a token, a portion of the token or tokens from the Ethereum blockchain. A blockchain consists of combined blocks of transactions of issued tokens between addresses. A token in a blockchain is immutable that is, a token cannot be duplicated, replicated or mutated in any form in which … Continue reading The Difference between Ether and Ethereum
Well, let’s make a comparison: Coinbase Over 97 percent of coins are kept in cold storage. The private keys used for authorization of cold storage transactions are held in fragments between offline hard drives and paper, in different locations with backups in case of losing any pieces. They offer two-factor authentication for logins and withdrawals … Continue reading Which is Safer Coinbase or Kraken?
You may obtain Bitcoins by either mining or purchasing them through a legitimate exchange. Mining requires extensive investment into hardware and knowledge about setting up a mining rig. For this reason, I will discuss how to obtain Bitcoin through an Exchange safely. There are numerous exchanges that say you can buy and trade bitcoin through … Continue reading How to Buy, Sell, and Trade Cryptocurrencies like Bitcoin
Cryptocurrencies are nothing but digital assets that are secured by the usage of cryptography. Well known cryptocurrencies are Bitcoin and Ethereum, both of which make extensive use of cryptography to secure wallets, secure transactions and to validate transactions. There are two ways by which one can ‘make money’ using cryptocurrencies: Mining: One may mine a … Continue reading How Cryptocurrencies Like Bitcoin Work