Bitcoin just forked aka split and created a new coin called bitcoin private, so if you had bitcoin or Zclassic at the time of the fork you would have receive a 1 to 1 ratio of bitcoin private free. To be extract your bitcoin private you must had your cryptocurrency in a wallet that you own the private keys to. SO before the fork a lot of investors would exchange 1 bitcoin for $10,000 to buy Zclassic for $100 each to get 100 free bitcoin private. Then after the fork they would sell off there Zclassic and buy back there bitcoins. This is a good example what people are doing in this space to take advantage of the market.
Why Women Don’t Like Bitcoin and here’s why they should
The average American bitcoin investor is 71% men, 58% 18-34 years old and 52% white.
Women are are more risk averse and women can recognizing scams in general. Also with the gender pay gap women also have less money to risk as well. Men also have more testosterone allowing them to take on more risk, and if the risk pays off the body creates more testosterone its a never ending cycle causing the “winners affect”. Bitcoin has the opportunity to fix broken and sexiest financial systems and women need to get in on the ground floor to be able to make sure the new system is created fairly and also get there fair share of the profits. \
Life Inside a Secret Chinese Bitcoin Mine and What is a Satoshi
Tom Lee & Rick Falkvinge predicts bitcoins price should reach in the millions of dollars per coin.
Supply and demand example There is not enough supply of Bitcoin for every millionaire in the world to own one full Bitcoin.
Tom Lee a former employee of JP Morgan Chase and in the last 3 years starting his own research business. This presentation analytical and research regarding bitcoin. It goes into depth explaining the differences in the past generation in history and how they invest their money. He shows a growing number of younger generations don’t trust the government and they don’t trust banks because of the Financial crisis and getting bailed out with tax funds and seeing there parents getting kicked out of there homes. This turning point in history is his prediction that in the near future more and more millennials will invest in cryptocurrency and Tom Lee thinks that bitcoin price will rise to hit 10 million a coin.
The London Real below is from 1/14/2014
How to value bitcoin using Metcalfe’s law … Read Full Article
Bitcoin’s price a distraction from its transformative technology
The middle man for the banks and payment processing that sell of customer data for profits will be impacted from the growth of bitcoin and the blockchain technologies
Magic Money: The Bitcoin Revolution
This is the first time in history a currency is also a payment system allowing you to send money to anyone in the world for a little cost without a middleman and no one can stop it even governments. This documentary breaks down the complexity of bitcoin making it easy to understand. This has already changed the world and will allow the two billion people that are not serviced by the banking industry in the world to be able to join in the eCommerce and serve there needs and build wealth. It’s only a matter of time as governments like Greece confiscate the people money more people more move to bitcoin and the value will go up.
Banking on Bitcoin another good documentary on Netflix and chill
Many country’s currency are getting battered by inflation Bitcoins next FOMO might be $100k
Stanford Graduate School of Business The Economics of Bitcoin & Virtual Currency
South Korea’s Bitcoin Bonanza and paying a kimchi premium
Koreans are very sophisticated when trading bitcoin and 5th of all bitcoin trades are happening in South Korean and this is also causing volatility of the currency. There are some doing arbitrage buying bitcoin in the US and selling in South Korea with a 40% profit called a Kimchi premium and the Korean government is also implementing new regulation as well taxing bitcoin and requiring identification for bitcoin wallets to prevent under aged kids from opening there own accounts.
More articles on Kimchi Premium
Ellen DeGeneres Introduces Bitcoin To Millions of Viewers
Ellen does her best trying to explain bitcoin to her viewers and give some great examples were to store the bitcoin, but I think now this this is going to create curiosity in the US. This may spark a lot of people to start research Cryptocurrency and it may explode in popularity only time well tell.
Truth about bitcoin does it have intrinsic value Warren Buffett says its a joke … Read Full Article
As Warren Buffett always says don’t invest in something you don’t understand.
He does not understand this underline technically that explains his position.
Basic econ 101 lesson on bitcoin the two things that give value to bitcoin is scarcity and utility, because there is a finite of supply of bitcoin there will be only 21 million coins mined. The value of bitcoin can be more valuable then gold it self. Bitcoins lies in the utility to have potential and efficient then the fiat currency or any commodity that we already have. The three things that its advantage are.
1) Its decentralized no institution or person has control over it.
2) Its dividable so you can buy a cup of coffee or even a home
3) Its open source this means anyone can look at, scrutinize or even modify.
This comes down to all the the bankers and investors on the news attacking bitcoin because it has not intrinsic value, but wait gold and fiat currency have little or even no intrinsic value it self.
This is a good example its cost 12 cents to make a $20 bill and the rest of the $19.88 is in the trust people place in the government.
As in bitcoin the value is coming in the trust people put in it. Tom Lee said that the intrinsic value in bitcoin is no different then face book, google, netflix, apple and amazon all digital business build primary on digital trust.
People are predicting bitcoin to be worth 100k to 400k and they way there are determine the value is comparing it to gold. All the Gold in the world is worth 7.5 trillion dollars and there will only be 21 million bitcoin created, so the total value of gold divided by the total number of bitcoin potential value of each bitcoin would be $357,000. If bitcoin only captures only 5% of the gold market it will be worth $25,000 per bitcoin. People keep saying bitcoin has no value but ts’s scarce and has possibility for a utility .
This also can be explained with Metcale’s law more videos on this at metacalfes-law Articles
Bitcoin explained: How do cryptocurrencies work? … Read Full Article
BBC News has the the best example I have ever seen how bitcoin works and its very clear and easy to understand for the beginners. It show and explains the trust factor and why cryptocurrencies will be successful in the future and goes in to depth explaining the verification, Leger process and mining process. see more info on mining see Mining Click Here
Pay your taxes with bitcoin in Arizona
Arizona is now considering to pass a bill to be the first state in the nation to be able to pay your taxes in bitcoin and Tag Employees have the option to get paid and invest in there 401k with bitcoin.