The key to the final success of Bitcoin is it becoming globally adopted. Bitcoin has come a long way when it comes to global adoption, yet it will be difficult to get the most conservative members of society on board. Aside from more people needing to accept Bitcoin in order for it to become mainstream, … Continue reading Will Mainstream Popularity Increase the Price of Bitcoin?
Blockchain technology is the prime reason for the Bitcoin revolution. Before Bitcoin there were several failed attempts to create a digital currency. The key issue has always been "how to prevent users from duplicating the money and prevent spending the same money more than once". The Bitcoin network was the first project in this field … Continue reading Why is Bitcoin Made of Blockchain and What is the Purpose of a Block?
There are a few great choices when it comes to software wallets, although hardware wallets are much safer. With hardware wallets, there is almost a zero percent chance that someone will steal your assets and until recently there haven’t been any serious cases of hacking into hardware wallets recorded. Although they are safe, they are … Continue reading Which Bitcoin Wallet is the Best Balance Between Ease of Use and Security?
When it comes to solely investing in one of the above-mentioned, it is difficult to determine which one is a better investment. Initial Coin Offering, ("ICO"), is a new trend on the cryptocurrency market. The market was literally over-flooded with different offers. Bitcoin is on the rise lately, but that's not necessarily a good thing … Continue reading Which is a Better Investment, ICOs or Bitcoin?
Thinking in long terms is always a good idea and if an individual considers investing in the bright future of cryptocurrency community there is more than one way for it. Saving coins is one of the most common ways of storing value on a cryptocurrency market. Still, there are some things that must be considered. … Continue reading What is the Best Way to Invest in Bitcoin Maturation, Aside from Saving Coins?
There are certainly some similarities with gold, but it is arguable when it comes to any comparison between these two. In the very beginning, gold was used as a universal method of payment for goods and services provided for the customers. Globally, there is a finite amount of gold. We can see that it is … Continue reading Is it Right to Compare Gold and Bitcoin?
It is all about the concept of market volatility. All currencies on the market have mutual factors that influence their price on one way or another – positive effect or negative. Also, the impact is made by the fiat currencies as well. Every currency ever is based on the value of another one – they … Continue reading Why do Bitcoin and Altcoins Change Between Inverse and Direct Relationship in Price?
Yes - there are more of these. Though don’t expect to become a millionaire from mining. Profitable in this case means to make a bit of money. As you know it, Bitcoin is not profitable for average miners anymore. The most mining-friendly cryptocoins in 2017–2018 are the following: Litecoin, Monero, Ethereum Classic, Ethereum, Dash, Bitcoin … Continue reading Is There Any Cryptocurrency Where Mining is Profitable ?
Why do you ask as if popularity is somehow directly related to volatility. All cryptocurrencies are very volatile but only few of them are popular. There are over 1000 coins that jump and drop by 10%-50% on a regular basis, sometimes even more. To compare the volatility in Bitcoin and Ethereum, we should place them … Continue reading When will Ethereum Become as Popular and Volatile as Bitcoin?
No, the Bitcoin mining is nothing similar to the Ponzi scheme. When you mine Bitcoin you provide service and get the proposed value in return. Ponzi scheme is a fraud first pulled by an American named Charles Ponzi. Also, similar scheme is depicted in one of the novels by Charles Dickens so there are reasonable … Continue reading Is Bitcoin Mining a Ponzi Scheme?