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
Bitcoin in the news
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.
Glenn Beck predicted the Bitcoin Crash of 2018 … Read Full Article
Glenn Beck predicted bitcoin would crash to 8,000 and then make a comeback and he also discussed that government regulation is the reason for a price drop and thinks it will be rebound with a vengeance
Bitcoin Vs. Stocks: Worth The Volatility … Read Full Article
Dominic Chu breaks down how the stock-mart is compared to Bitcoin. He also explains is volatility worth holding on to bitcoin. If you would have bought in 3 years ago a 10 thousand investment is still up 460 thousand dollars and only a year ago a 10 thousand dollar investment is still up 124 thousand dollars. If you purchased 10 thousand dollars in December you would be down 4 thousand dollars buying at its all time high.
Bitcoin Selloff an Overreaction … Read Full Article
BitPay’s Singh talks about the over reaction of selling of bitcoin and governments wanting to regulate bitcoin. He also advised when the speculators leave the market price should stabilize. In December we had a over 100 thousand new retail buyers a day come in the market this also causing the market to be more volatile as well.
Gold vs Bitcoin who will WIN … Read Full Article
Business insider takes to the streets to see if merchants will take Gold or Bitcoin as payment and the answer might surprise you. Gold has been known to be inferior to bitcoin, but this example shows you that the only value for Gold is in the trust being able sell it for fiat currency that is where true value come in to play. This goes in to detail from another post I have on metacalfe law
New Kodak’s cryptocurrency and stock takes off … Read Full Article
Kodak’ attempts to join the cryptocurrency world with a tool to help photographers track there use of their images on the blockchain. This will allow photographers and agencies to register there work and get paid in the new cryptocurrency by Kodak called the Kodak Coin. The blockchain is a ledger were the transaction of cryptocurrency are recorded. Allowing them to motorize every use of the photo. This is not the first company to jump in cryptocurrecy market. Not to log ago Long Island Iced Tea Corp changed there name to the Long Blockchain Crop with no technology behind there name, but the stock still took off. In-finale Kodak is also looking to renting bitcoin mining rigs for two years and spiting half the coins that are mined.
How to value bitcoin using Metcalfe’s law … Read Full Article
This was recorded going way back to October 2017 when price was still under $5,000 per coin and predicting Bitcoin will be at $25,000 in five years. At the time of this post Bitcoin price is at around $16,000 ,but also peaked at around $20,000 in December. Tom Lee explains metacalfe law and how the value in Bitcoin will increase over time. The youth today do not see value in gold and more value in cryptocurrency for the future.
Definition: Metcalfe’s law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). Facebook has value because of users on facebook. Facebook would be a lonely place by your self.
The early adaptors will be in countries where they have hyperinflation. By the time the US gets involved the value will be astronomical and only the top 1% will be able to afford it. This is only my opinion and not financial advice and for educational purposes only.
Tom Lee & Rick Falkvinge predicts bitcoins price should reach in the millions of dollars per coin.
El Salvador becomes the first country to make bitcoin legal tender
Peter Thiel invests millions in bitcoin … Read Full Article
Peter Thiel’s venture capital firm invested $15 to $20 million in bitcoin last year. Thiel fund is now worth hundreds of millions of dollars worth of cryptocurrency.
Bitcoin’s 9th Birthday … Read Full Article
Its Bitcoin’s 9 Birthday on January 3rd 2009 It was the day when Bitcoin blockchain network had its very first block mined – the primordial block #0.
The first-ever Gneiss block was recorded at 6:15PM and mined 50 Bitcoin, which is worth approximately $750,000 at the time of writing. It took another six days until the second block (#1) was mined on January 9, 2009.
I encourage everyone to learn about the Cypherpunks movement and watch Banking on Bitcoin.