Is it possible to invest in Bitcoin?

Most likely, you are reading this article after the last frantic jump in the value of bitcoin, which led to a mark of $ 20,000. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of the reasons you should:


The first thing many people think when they hear about the current price is that they are late and people who are still buying bitcoin are just jumping. Truth be told, with the coming years of mining, and the currency is still in its infancy (more like teenage years), its value will still rise, and it’s a smart investment.


Blockchain is not just a cryptocurrency. This is the future of supply chains and the fight against counterfeiting. Super-smart protocols such as DAO (decentralized stand-alone organization) and smart contracts are a few things that come from a blockchain that automate an organization’s work and money transaction.


People are robbed every day and banks are robbed. Bitcoin and Blockchain ensure that the money stored in your digital wallet has an extremely secure level of security than a virtual number that displays your cash at your local bank.
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Have you ever had a bad experience when you needed to send money to the other end of the world, and the amount of expenses for currency conversion, opening a letter of credit, bank fees, etc. made you shudder? Bitcoin stops it all. Since there is no banking system when it comes to cryptocurrencies, there is no intermediary like a bank. You can avoid all these excessive costs by sending money directly to the intended recipient.


Did we mention that you can send money directly yourself? This will save you time as you do not need to fill out forms and applications. Just ask for the public address of the recipient and click the required amount.


Because the number of bitcoins is limited (only 21 million will be produced), the value of this cryptocurrency cannot be devalued due to limited supply, but the ever-increasing demand means that it is a self-floating currency. Lack of inflation means excellent investment.


Remember the Greek financial crisis when city councils asked to transfer extra money to the central bank? With regular currency the central bank is the owner, not you, and can force you to give it back to them. Bitcoin does not belong to anyone but you for the amount in your hands. No one can force it from you.
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It is not too late to invest in Bitcoin and Blockchain, but, as in any other currency, the future is unpredictable. Carefully study the charts of your chosen bitcoin exchange before making an investment.


Cryptocurrency for beginners

In the first days of its launch in 2009, several thousand bitcoins were used to buy pizza. Since then, the rapid rise of cryptocurrency to $ 65,000 in April 2021 after losing heart in mid-2018, falling about 70 percent to about $ 6,000, has stunned the minds of many people – cryptocurrency investors, traders or just curious. missed the boat.
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How it all started

Keep in mind that dissatisfaction with the current financial system has led to the development of digital currency. The development of this cryptocurrency is based on the Satoshi Nakamoto blockchain technology, an alias that is apparently used by a developer or group of developers.
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Despite many opinions predicting the death of cryptocurrencies, the performance of bitcoin has inspired the creation of many other digital currencies, especially in recent years. The success of crowdfunding caused by the blockchain fever has also attracted those to deceive unsuspecting audiences, and it has attracted the attention of regulators.
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Except bitcoin

Bitcoin has inspired the launch of many other digital currencies. There are currently over 1,000 versions of digital coins or tokens. Not all of them are the same, and their values ​​are very different, as is their liquidity.
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Coins, altcoins and tokens

At this point, suffice it to say that there are subtle differences between coins, altcoins, and tokens. Altcoins or alternative coins usually describe things other than the original bitcoin, although altcoins such as etherium, lightcoin, ripple, dogecoin and dash are considered the “main” category of coins, meaning they are traded on more cryptocurrency exchanges.
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Coins serve as currency or a repository of valuables, while tokens offer the use of assets or useful assets, an example being a blockchain service to manage supply chains to check and track wine products from the distillery to the consumer.
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It’s worth noting that low-value tokens or coins offer opportunities to raise, but don’t expect similar flatulence growth like bitcoin. Simply put, lesser known tokens are easy to buy but hard to sell.

Before embarking on cryptocurrency, start by studying the value and technological considerations, namely the commercial strategies outlined in the White Paper that accompanies each initial coin offering or ICO.
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For those familiar with stocks and stocks, this is not unlike an initial public offering or IPO. However, IPOs are issued by companies with tangible assets and business experience. All this is done in a regulated environment. On the other hand, the ICO is based solely on the idea proposed in the White Paper by an enterprise that is not yet operational and without assets, which is looking for funds to launch.
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Unregulated, so buyers be careful

“It is impossible to regulate what is unknown,” – probably summarizes the situation with digital currency. Regulators and regulators are still trying to catch up with cryptocurrencies that are constantly evolving. The golden rule in cryptospace is “caveat emptor”, let the buyer beware.
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Some countries openly adopt policies to deviate from cryptocurrencies and blockchain applications, while monitoring for open fraud. However, there are regulators in other countries who are more concerned with the pros than the pros of digital money. Regulators typically understand the need to maintain balance, and some are reviewing existing securities laws to try to deal with the many varieties of cryptocurrencies around the world.
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Digital wallets: the first step

A wallet is needed to get started in cryptocurrency. Think of e-banking, but minus the protection of the law in the case of virtual currency, so security is the first and last thought in cryptospace.
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Digital type wallets. There are two types of wallets.

  • Hot wallets are connected to the internet, exposing users to the risk of hacking
  • Cold wallets that are not connected to the internet and are considered safer.

Apart from the two main types of wallets, it should be noted that there are wallets for only one cryptocurrency and others for several cryptocurrencies. It is also possible to have a wallet with multiple signatures, something like a joint bank account.

The choice of wallet depends on the user’s preferences, whether he is interested exclusively in bitcoin or etherium, as each coin has its own wallet, or you can use a third-party wallet that includes security features.
Notes in the wallet

The cryptocurrency wallet has a public and private key with personal transaction records. The public key includes a link to the account or cryptocurrency address, as opposed to the name required to receive the check payment.
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The public key is available to everyone, but transactions are only confirmed after verification and verification based on a consensus mechanism that applies to each cryptocurrency.

The private key can be considered a PIN code, which is commonly used in electronic financial transactions. It follows that the user should never give out a private key to anyone and make backup copies of this data, which should be stored offline.
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On a hot wallet it makes sense to have a minimum of cryptocurrency, and in a cold wallet more. Losing a private key equals losing a cryptocurrency! The usual precautions are applied to online financial transactions: from strong passwords to malware and phishing alerts.

Wallet formats

Different types of wallets are available according to individual preferences.

  • Hardware wallets made by third parties that need to be purchased. These devices work like a USB device that is considered secure and only connects to the Internet when needed.
  • Web wallets provided by, for example, cryptocurrencies are considered hot wallets that put users at risk.
  • Software wallets for desktops or mobile phones are mostly available for free and can be provided by coin issuers or third parties.
  • Paper wallets can be printed with relevant data on cryptocurrency owned with public and private keys in QR code format. They need to be kept in a safe place until they are needed during a crypto transaction, and copies should be made in case of accidents such as water damage or printed data over time.

Crypto exchanges and marketplaces

Cryptocurrencies are trading platforms for those who are interested in virtual currencies. Other options include websites for direct trade between buyers and sellers, as well as brokers where there is no “market” price, but it is based on a trade-off between the parties to the transaction.

Thus, there are many crypto exchanges located in different countries, but with different standards of security practices and infrastructure. They range from those that allow anonymous registration, which only requires email to open an account and start trading. However, there are others that require users to comply with international verification requirements known as Know-Your-Customer and Anti-Money Laundering (AML) measures.

The choice of crypto-exchange depends on the preferences of users, but anonymous may have restrictions on the amount of trade allowed or fall under sudden new rules in the host country of the exchange. Minimum administrative procedures with anonymous registration allow users to start trading quickly, and the KYC and AML processes will take longer.

All crypto transactions must be properly processed and verified, which can take from a few minutes to several hours, depending on the coins or tokens being traded and the volume of the trade. As you know, the problem of scalability is a problem of cryptocurrencies, and developers are working to find a solution.

Cryptocurrency exchanges are divided into two categories.

  • Fiat cryptocurrency Such exchanges provide for the purchase of fiat cryptocurrency by direct transfers from bank or credit and debit cards, as well as through ATMs in some countries.
  • Only cryptocurrency. There are cryptocurrency exchanges that deal only with cryptocurrency, which means that customers must already own cryptocurrency – such as bitcoin or etherium – to “exchange” for other coins or tokens, based on the market rate.

Fees are levied to facilitate the buying and selling of cryptocurrencies. Users need to conduct a survey to be satisfied with the infrastructure and security measures, and to determine the tariffs that are convenient for them, as different rates are charged on different exchanges.

Don’t expect a total market price for the same cryptocurrency with differences. You may want to spend time researching the best price for coins and tokens that interest you.

Financial transactions on the Internet carry risks, and users should consider precautions such as two-factor authentication or 2-FA, be aware of the latest security measures and be aware of phishing scams. One golden rule of phishing is not to click on the provided links, no matter how authentic the message or email is.

The best cryptocurrencies for 2018: what are the best alternatives to Bitcoin?

Important: this position should not be considered as an investment council. The author focuses on the best coins in terms of actual use and acceptance, not in terms of finance or investment.

In 2017, cryptographic markets set a new standard for simple profits. Almost every piece or chip brought incredible returns. “The tide is throwing all the boats,” as they say, and the end of 2017 was a flood. Rising prices have created a cycle of positive feedback that is attracting more and more capital to Crypto. Unfortunately, but inevitably, this jumping market leads to massive investment. Money was thrown indiscriminately into a variety of dubious projects, many of which would not bear fruit.

In today’s bearish environment, hype and greed are being replaced by critical appraisal and prudence. Especially for those who have lost money, marketing promises, endless shillings and charismatic oratorios are no longer enough. Well, the main reasons to buy or keep a coin again are paramount.

Fundamental factors in cryptocurrency valuation

There are some factors that tend to beat the hype and prices, at least in the long run:

Angle of acceptance

While cryptocurrency or ICO business plan technology may seem weird without users, it’s just dead projects. It is often forgotten that widespread recognition is an essential feature of money. In fact, it is estimated that more than 90% of the value of bitcoin is a function of the number of users.

While the adoption of Fiat is entrusted to the state, the adoption of cryptography is purely voluntary. Many factors play into the decision to accept a coin, but perhaps most important is the likelihood that others will accept the coin.


Decentralization is very important for the real cryptocurrency model I push. Without decentralization, we are a little closer to the Ponzi scheme than to real cryptocurrency. Trust in individuals or institutions is a problem that cryptocurrency is trying to solve.

If dismantling a coin or central controller can change the transaction record, it calls into question its basic security. The same goes for items with unverified code that have not been thoroughly tested over the years. The more you can count on the code to work as described, regardless of human influence, the greater the security of the coin.


Real coins seek to improve their technology, but not at the expense of security. True technological progress is rare because it requires a lot of experience as well as wisdom. While there are always fresh ideas that you can come up with if it raises vulnerabilities or criticisms of the original purpose of the coin, you miss the point.

Innovation can be a difficult factor to evaluate, especially for non-technical users. However, if the currency code is stagnant or does not receive updates regarding important issues, it may be a sign that developers are weak about ideas or motivations.


It is easier for the average person to understand the economic incentives inherent in the currency. If the coin had a large pre-mine or ICO (initial offer), the team kept a significant share of chips, it is clear that the main motivation – profit. By buying what the team offers, you play your game and enrich it. Be sure to provide tangible and reliable value in return.

5 cryptocurrencies that can be bought in 2018

There has never been a better time to reevaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that, in my opinion, should be followed or perhaps bought at their current depressed prices (which, I warn, may go lower).

№1. Bitcoin (due to its decentralization)

The first number belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest assumption, most of the security (due to the phenomenal energy consumption in bitcoin mining), the most famous brand identity (forks tried to be appropriate) and most of the activity and rational development. It is also the only part to date that is represented in traditional markets in the form of Bitcoin futures trading on the American CME and CBOE.

Bitcoin remains the main engine; The performance of all other parts strongly correlates with the performance of Bitcoin. My personal expectation is that the gap between bitcoins and most, if not all other parts will increase.

Bitcoin has several promising innovations that will soon be installed as additional layers or softforks. Examples are the Flash (LN) system, the Schnorr Mimblewimbleund signature tree much more.

In particular, we plan to open a new range of applications for bitcoin, as it allows for large-scale microtransactions and instant and secure payments. LN is becoming more stable as users test their various capabilities with real bitcoins. As it becomes easier to use, it can be assumed that it will benefit greatly from the adoption of bitcoin.

№ 2. Litecoin (because of its sustainability)

Litecoin (LTC) is a clone of Bitcoin with a different hashing algorithm. Although Litecoin no longer has Bitcoin anonymity technology, strange reports have shown that the adoption of Litecoin in dark markets is now the second, only bitcoin. Although the currency that I have is much more suitable for the role of purchasing illegal goods and services, perhaps it is the result of the longevity of Litecoin: it was launched in late 2011.

Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which means Litecoin is ready for LN. Litecoin can benefit from the exchange of atomic chains. In other words, secure peer-to-peer currency trading without the involvement of third parties (i.e. exchanges). Because Litecoin keeps its code largely synced with Bitcoin, it has a good position to benefit from Bitcoin’s technological advances.

№3. Ethereum (due to reasonable contracts)

At the moment, Ethereum (ETH) has serious problems. First of all, governments are hacking ICOs, and rightly so: many of them have turned out to be either fraudsters or bankruptcies. Since most ico runs on the Ethereum network as an ERC 20 token, the ICO craze in recent years has brought Ethereum great value. If appropriate rules are adopted to protect investors, fraud with Ethereum projects may claim some legitimacy as a crowdfunding platform.

The second major challenge facing Ethereum is the delayed transition to a new hybrid performance and battery detection system. Currently, the GPU for Ethereum mining is profitable, but Bitmain has just announced Ethereum ASIC minor, which is likely to affect Miner’s GPU bottom lines. It remains to be seen whether this will change the prisoners of war and how successful these changes will be.

If Ethereum can survive these two major challenges – regulation and mining – it will demonstrate greater resilience. Otherwise, there are several competing currencies that track its shadows, such as Ethereum Classic (etc.), Cardano (ADA) and EOS.

№ 4. Monero (due to his anonymity)

Although its adoption in the dark markets is not all that could be expected, I (XMR) remains the Prime Minister’s confidentiality. Its reputation and market capitalization are still higher than those of its competitors – and for good reason.

The Monero code required less confidence that Zcash was a “loyal” key to the ceremony, and had a fair start, unlike Dash. The fact that Monero recently changed its Pow to win the development of a small ASIC for its algorithm confirms the commitment of part of the decentralization of mining. The significant drop in the hashrate is due to the new version, which is constantly reported against ASIC. It may also be an option for GPUs and even small processors to contact me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow along sensitive lines.

№ 5. iPRONTO (decentralized incubation platform)

iPRONTO is a network of Ethereum incubation platforms dedicated to investors looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and receive opinions from users, experts in the practice and implementation of derived ideas.

The ideas of the innovators are supported as the NES in Smart Contract format will be signed between the expert platform and the customer upon receipt of the client’s business idea by the Committee for examination and registration on the platform. The idea will not be published for all users on the public platform of the network, but only for selected members of the target community who are willing to sign a smart contract to maintain the confidentiality of the idea.

The best books on cryptocurrency

Sovereign Person ~ James Dale Davidson and William Rice Morgue

Sovereign Personality is one of those books that changes the way you see the world forever. It was published in 1997, but the degree to which it predicts the impact of blockchain technology will give you a shiver. We are entering the fourth stage of human society, moving from the industrial to the information age. You need to read this book to understand the scale and scale of how things will change.

As it becomes easier to live comfortably and make a profit anywhere, we already know that those who are truly thriving in the new information age will be workers who are not tied to one job or career and are independent of location. Attracting a choice of where to live on cost savings is already more attractive, but it goes beyond digital roaming and freelance concerts; the foundations of democracy, power and money are shifting.

The authors predicted Black Tuesday and the collapse of the Soviet Union, and here they predicted that the rise in power of individuals would coincide with decentralized technology that takes away government power. The death toll in nation-states, as they predicted with extreme foresight, will be private digital cash. If this happens, the dynamics of governments as stationary thugs who rob hard-working taxable citizens will change. If you become someone who can solve problems for people anywhere in the world, then you are about to enter a new cognitive elite. Don’t miss this one.

Quote of choice: “If technology is mobile and transactions take place in cyberspace, as will increasingly be the case, governments will no longer be able to charge for their services more than they cost from the people who pay for them.”

Sapiens: A Brief History of Mankind ~ Yuval Noah Harari

Whenever I want to impress someone on how good this book is, I ask, “Do you want to know the fundamental difference between humans and monkeys? A monkey can jump up and down a rock, wave a stick and shout to his friends that he saw a threat, coming on their way. ”Danger! Danger! A lion! “A monkey can also lie. She can jump up and down a rock, wave a stick and shout about a lion when in fact there is no lion. He’s just fooling around. But a monkey can’t jump down and down, waving a stick and shouting,” Danger! Danger “Dragon!”

Why is that? Because dragons are not real. As Harari explains, it is the human imagination, our ability to believe and talk about things we have never seen or touched, that has pushed the species to collaborate in large numbers with strangers. There are no gods, no nations, no money, no human rights, no laws, no religion, no justice in the universe beyond people’s common imagination. This is what we make them like.

All of this is a pretty wonderful preamble to where we are today. After the cognitive and agricultural revolution Harari takes you to the Scientific Revolution, which began just 500 years ago and which can start something completely different for humanity. The money, however, will remain. Read this book to understand that money is the greatest story ever told, and that trust is the raw material from which all kinds of money are made.

Quote of choice: “Sapiens, by contrast, lives in a three-layered reality. In addition to trees, rivers, fears and desires, the world of the intelligent also contains stories about money, gods, nations and corporations.”

Online Money ~ Andreas M. Antonapoulos

While the two books mentioned above help us understand the historical context in which bitcoin first appeared, this book enthusiastically tells the story of “why”. Andreas Antonapoulos is perhaps the most respected voice in the crypto space. He has been traveling the world as a bitcoin evangelist since 2010, and this book is a summary of conversations he had on the chain between 2013 and 2016, all prepared for publication.

His first book, Mastering Bitcoin, is a technically deep immersion in technology aimed more specifically at software developers, engineers and architects. But this book uses some metaphors of choice to explain why you can’t ban bitcoin or disable it, how the scaling debate doesn’t really matter and why bitcoin needs the help of designers to secure mass acceptance.

“When you drive your brand new car in the city for the first time,” he writes, “you drive on horses on horses with infrastructure designed and used for horses. There are no light signals. There are no traffic rules. roads. And what happened? The cars got stuck because they had no balance and four feet. ” But rewinding a hundred years ahead, and machines that were once ridiculed, are the norm. If you want to swim into the philosophical, social and historical implications of Bitcoin, this is your starting point.

Quote of choice: “Bitcoin is not just money for the Internet. Yes, it is perfect money for the Internet. It is instant, secure, free. Yes, it is money for the Internet, but it is much more. Bitcoin is the Internet of money. Currency is “Only the first application. If you understand this, you can look beyond price, you can look beyond volatility, you can look beyond fashion. At its core, Bitcoin is a revolutionary technology that will change the world forever. Join.”

Cryptocurrency: a new sensation

The concept of cryptocurrency was invented in 1991. However, the first real implementation was made in 2008 by Nakamoto. The first question is what is a cryptocurrency. It is a financial facility in which currency is transferred between two parties. Initially, problems such as the double-error method arose, but then the problem was solved using concepts such as blockchain technology. The whole process is controlled by cryptographic algorithms. A set of public and private keys is passed between the two parties. Details of each transaction are stored in each block and for each client; the chain of blocks forms a complete list of transactions. All blocks together form a chain of blocks. These blockchains are nothing more than a financial book. The power of this new system of currency transactions depends on the power of the cryptographic algorithm. With the introduction of algorithms such as DES, the secrecy of each financial transaction (chain of blocks) has been strengthened. However, so far this concept has not been approved by many countries. The data of each block cannot be changed retrospectively or without network consensus. Currently, the share of cryptocurrency is not so great, but over time, growth is expected.

Some of the features of cryptocurrency:

• Decentralized

• Distributed

• Public book

The most important aspect of cryptocurrency is the above, but the technology requires security for effective use. Problems like double bug have occurred in the past, but now the problem is solved. The biggest advantage of cryptocurrency is the feature of updating without touching the central server. So we don’t need to make any changes to the server. Alternatively, a transaction can be made between any two network members or three or more.

So, the various benefits you get with cryptocurrency:

• Safe

• Fast

• Reliable

• Accurate

However, the technology has evolved, although not accepted in all countries. The biggest sensation in cryptocurrency is bitcoin. It is accepted by many countries. Similarly you can find many more types of cryptocurrencies. Each uses a unique type of algorithm. All of them you can learn through cryptography. This is a broad topic, and the use of cryptocurrency is one of the major breakthroughs of the last decade. Usage could quadruple in the coming years.

Digital currency is additionally used as part of questionable settings as an illegal online business, such as Silk Street. The first Silk Street was closed in October 2013, and two more forms have been used since then. In the year after the closure of Silk Street, the number of obvious dim markets increased from four to twelve, while the number of drugs placed increased from 18,000 to 32,000.

Darknet markets demonstrate legitimacy issues. Bitcoins and various types of digital money used as part of dim markets are not explicitly or legally ordered in all parts of the world. In the US, bitcoins are called “virtual resources”. Such a dubious arrangement gives weight to law firms around the world to adapt to the mobile exchange of drugs in dim markets

How to Buy Bitcoin – Step One

The best way to learn about bitcoin, is to jump in and get a few in your “pocket” to get a feel for how they work.

Despite the hype about how difficult and dangerous it can be, getting bitcoins is a lot easier and safer than you might think. In a lot of ways, it is probably easier than opening an account at a traditional bank. And, given what has been happening in the banking system, it is probably safer too.

There are a few things to learn: getting and using a software wallet, learning how to send and receive money, learning how to buy bitcoin from a person or an exchange.


Before getting started, you will need to get yourself a wallet. You can do this easily enough by registering with one of the exchanges which will host wallet for you. And, although I think you are going to want to have one or more exchange wallets eventually, you should start with one on your own computer both to get a better feel for bitcoin and because the exchanges are still experimental themselves. When we get to that stage of the discussion, I will be advising that you get in the habit of moving your money and coins off the exchanges or diversifying across exchanges to keep your money safe.

What is a wallet?

It is a way to store your bitcoins. Specifically, it is software that has been designed to store bitcoin. It can be run on your desktop computer, laptop, mobile device (except, as yet, Apple) and can also be made to store bitcoins on things like thumb drives. If you are concerned about being hacked, then that is a good option. Even the Winklevoss* twins, who have millions invested in bitcoin, put their investment on hard drives which they then put into a safety deposit box.

*The Winklevoss twins are the ones who originally had the idea for a social networking site that became Facebook. They hired Mark Zuckerberg who took their idea as his own and became immensely rich.

What do you need to know about having a bitcoin wallet on your computer?

Below you can download the original bitcoin wallet, or client, in Windows or Mac format. These are not just wallets, but are in fact part of the bitcoin network. They will receive, store, and send your bitcoins. You can create one or more addresses with a click (an address is a number that looks like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk). You will see a field where you can copy and paste a number like this from a person you want to send money to and off it will go directly into that person’s wallet. You can even create a QR code which will let someone take a picture with an app on their phone and send you some bitcoin. It is perfectly safe to give these out – the address and QR code are both for my donations page. Feel free to donate!

NOTE: This type of wallet acts both as a wallet for you and as part of the bitcoin system. The reason bitcoin works is that every transaction is broadcast and recorded as a number across the entire system (meaning that every transaction is confirmed and made irreversible by the network itself). Any computer with the right software can be part of that system, checking and supporting the network. This wallet serves as your personal wallet and also as a support for that system. Therefore, be aware that it will take up 8-9 gigabytes of your computer’s memory. After you install the wallet, it will take as much as a day for the wallet to sync with the network. This is normal, does not harm your computer, and makes the system as a whole more secure, so it’s a good idea.

Bitcoin Qt

  • The original wallet.
  • This is a full-featured wallet: create multiple addresses to receive bitcoins, send bitcoins easily, track transactions, and back up your wallet.
  • Outside of the time it takes to sync, this is a very easy to use option.
  • Search for Bitcoin Qt wallet download to find their site.


  • Runs on top of Bitcoi Qt, so it has all of the same syncing requirements.
  • Armory allows you to back up, encrypt, and the ability to store your bitcoins off line.
  • Search for Bitcoin Armory Wallet to find their site.

If you don’t want to have that much memory used or don’t want to wait for your wallet to sync, there are good wallets that do not make you sync the entire history of bitcocin:


  • A lightweight wallet that syncs quickly. This is very good for new users.
  • Search for Bitcoin Multibit Wallet to find their site.


  • In addition to being quick and light, this wallet allows you to recover lost data using a passcode.
  • Search for Bitcoin Electum Wallet to find their site.

After you get the wallet set up, take a few minutes clicking around. Things to look for:

o There will be a page that shows you how many bitcoins are currently in your wallet. Keep in mind that bitcoins can be broken up into smaller pieces, so you may see a decimal with a lot of zeros after it. (Interesting note, 0.00000001 is one Satoshi, named after the pseudonymous creator of bitcoin).

o There will be an area showing what your recent transactions are.

o There will be an area where you can create an address and a QR code (like the one I have above). You don’t need the QR code if you don’t want it, but if you run a business and you want to accept bitcoin, then all you’ll need to do to accept payment is to show someone the QR code, let them take a picture of it, and they will be able to send you some money. You will also be able to create as many addresses as you like, so if you want to track where the money is coming from, you could have a separately labeled address from each one of your payees.

o There will be an area with a box for you to paste a code when you want to send money to someone or to yourself on an exchange or different wallet.

There will be other options and features, but to start out with, these are the items that you should know about.

Getting Your First Bitcoins

Now that you have a wallet, you will, of course, want to test them out.

The very first place to go is http://faucet.bitcoin.st/.

This is a website that gives out small amounts of bitcoin for the purpose of getting people used to using them. The original version of this was run by the lead developer of bitcoin, Gavin Andreson. That site has since closed and this site operates by sending out one or two advertisements a month. You agree to receive those messages by requesting the bitcoins. Copy and paste your new bitcoin address and enter a phone number to which you can receive an SMS. They send out an SMS to be sure that people are not continuously coming back for more since it costs nothing to create a bitcoin address. They will also send out once or twice a month advertisement to support their operation. The amount they send it trivial: 0.0015 BTC (or 1.5 mBTC). However, they process almost immediately and you can check to see that your address and wallet are working. It is also quite a feeling to get that portion of a bitcoin. (Non-disclaimer: I have no connection with this site and receive nothing if you use them. I simply think they are a good way to get your feet wet).

Congratulations! You have just entered the bitcoin economy.

To get your feet a little wetter, you can go panning for gold. There are a number of services and websites out there that will pay you in bitcoin to do things like go to certain websites, fill out online surveys, or watch sponsored videos. These are harmless, and you can earn a few extra bitcoins this way, but it is important to remember that these are businesses that get paid when people click on the links on their sites. They are essentially kicking back a portion of what they get paid to you. There is nothing illegal, or even immoral about this (you might like what you see and make a purchase!), but they are frequently flashy and may not be completely straightforward. All the ones that I have tried (particularly bitvisitor.com) have paid out as advertised. It is interesting to experiment with these, but even with the likely rise in the value of bitcoin, you won’t become a millionaire doing this. So, unless you are an advertisement junkie, I would recommend you move on. If you would like to try, simply Google “free bitcoins” or something along those lines and you will find numerous sites.

Buying Bitcoin Hand-to-Hand

Finally, this is going to be the real test of bitcoin. Can people easily trade them back and forth? If this can’t happen, then there can’t really be a bitcoin economy because retailers won’t be able to use it. If retailers can’t use it, what earthly good is it? Fortunately, this is not really a problem. iPhone is a bit of a hold out, but many smartphones have apps (mobile wallets) that will read QR codes and allow you to send bitcoin to whomever you want. You can also display a QR code of your address, or even carry a card in your wallet with your QR code to let people send bitcoin to you. Depending on what kind of wallet you have, you can then check to see if the bitcoins have been received.

A couple of things to note:

  • When you set up your wallet, if you click around a bit, you will see an option to pay a fee to speed transactions. This money becomes available to a bitcoin miner as he/she/they process bitcoin information. The miners doing the work of creating blocks of information keeps the system up to date and secure. The fee is an incentive to the miner to be sure to include your information in the next information block and therefore “verify” it. In the short term, miners are making most of their money by mining new coins (check the section on What Are Bitcoins for more information about this). In the long term, as it gets harder to find new coins, and as the economy increases, the fees will be an incentive for miners to keep creating more blocks and keep the economy going. Your wallet should be set to pay 0 fees as a default, but if you want, you can add a fee to prioritize your transactions. You are under no obligation to pay a fee, and many organizations that process many small transactions (like the ones that pan for gold described above) produce enough fees to keep the miners happy.
  • In clicking around your wallet, on the transactions page or linked to specific transactions, you will see a note about confirmations. When you make a transaction, that information is sent out into the network and the network will send back a confirmation that there is no double entry for that bitcoin. It is smart to wait until you get several confirmations before walking away from someone who has paid you. It is actually not very easy to scam someone hand-to-hand like this, and it is not very cost-effective for the criminal, but it can be done.

Where can you buy bitcoin like this?

  • You may have a bitcoin Meetup in your area.
  • You can check out localbitcoins.com to find people near you who are interested in buying or selling.
  • Some are trying to start up local street exchanges across the world. These are called Buttonwoods after the first street exchange established on Wall Street in 1792 under a buttonwood tree. See if there is one, or start one, in your area.
  • See if you have any friends who would like to try bitcoins out. Actually, the more people who start using bitcoin, the larger and more successful it will be come. So please tell two friends!

Some people ask if it is possible to buy physical bitcoins. The answer to this is both a yes and a no. Bitcoin, by its very nature, is a digital currency and has no physical form. However, there are a couple of ways that you can practically hold a bitcoin in your hands:

  • Cascascius Coins: These are the brainchild of Mike Caldwell. He mints physical coins and then embeds the private keys for the bitcoins inside them. You can get the private key by peeling a hologram from the coin which will then clearly show that the coin has been tampered with. Mike has gone out of his way to ensure that he can be trusted. These are a good investment strategy as in the years to come it may be that these coins are huge collector’s items.
  • Paper Wallets: A paper wallet just means that rather than keeping the information for your bitcoin stored in a digital wallet, you print the key information off along with a private key and keep it safe in a safe, in a drawer, or in your mattress (if you like). This is highly recommended and cost effective system for keeping your bitcoin safe. Keep in mind, though, that someone could steal them or if your house burns, they will go with the house and there will be no way to get them back. Really, no different than cash. Also, as with Casascius Coins, they will not really be good for spending until you put them back into the computer.

* There is software to make printing your paper wallets easier. bitcoinpaperwallet.com is one of the best and includes a good tutorial about how to use them.

* The bitcoins are not actually in the wallet, they are still on the web. In fact, the outside of the wallet will have a QR code that will allow you ship coins to the wallet any time you like.

* The sealed part of the wallet will have the private key without which you cannot access the coins. Therefore, only put as many coins on the wallet as you want to be inaccessible. You will not be able to whip this thing out and take out a few coins to buy a cup of coffee. Rather, think of it as a piggy bank. To get the money, you have to smash it. It is possible to take out smaller amounts, but at this point the security of the wallet is compromised and it would be easier for someone to steal the coins. Better to have them all in or out.

* People who use paper wallets are usually security conscious, and there are a number of ways for the nefarious in the world to hack your computer. Bitcoinpaperwallet.com gives a lot of good advice about how to print your wallets securely.

Some people have also asked about buying bitcoins on eBay. Yes, it is possible, but they will be far overpriced. So, selling on eBay might seem to be a better option given the extreme markup over market value you might see. But, as with anything that is too good to be true, this is too good to be true. As I will explain in the next section, selling bitcoin this way is just way too risky.

How Not to Buy Bitcoin

In the next section, I am going to explain a couple of key points about buying from Bitcoin Exchanges. Before I do, let me give you a warning.

A short history lesson: When people first started setting up actual business based on bitcoin, they used all of the tools available to any merchant. They sold by credit card and PayPal. The problem with this business model was quickly spotted: bitcoin transactions are not reversible by anyone except the recipient of the money. Credit cards and PayPal have strong buyer protection policies that make it relatively easy for people to request a chargeback. So, nefarious individuals realized this and began making purchases of bitcoin and then sooner or later requesting a chargeback. And, since bitcoin is a non-physical product, sent by new and poorly understood technological means, the sellers were not able to contest this. Because of this, sellers stopped accepting credit cards and PayPal.

This was a big problem for the currency: How to move money between buyers and seller? Some business emerged that would credit you with bitcoin if you wired them money. Very often these businesses would give addresses in Albania, Poland, or Russia. The fact is that many of these did work and there are a lot of stories on the forums of people who bought bitcoins this way. But it took a lot of time and in the meantime the buyer just had to bite his or her fingernails wondering if they would get their bitcoins or kiss their investment goodbye.

I expect that as bitcoin becomes more acceptable and valuable, we are going to see a version of the Nigerian Prince scam. So the warning is this: we now have exchanges and other businesses that allow for moving money easily onto and off of exchanges. Never wire money for bitcoin. It was a short-lived, and well-forgotten, moment in the history of bitcoin.

Next, I will be talking about how to buy from a bitcoin exchange and give a review of the some of the best known exchanges.

Multilayer cryptocurrency

Questions have arisen as to whether bitcoin is evolving into a multi-layered system. Well, the answer is yes. This article seeks to outline the different layers on which bitcoin lies. It’s all yours!

Have you heard of those who call bitcoin digital gold? Obviously, cryptocurrency is rapidly gaining popularity and recognition in the crypto world. It is assumed that the value of the coin will rise higher. However, it is also noted that a coin can gain or lose 50% of its value overnight. This is causing speculation among investors, but the coin is nonetheless “digital gold”. And when asked whether bitcoin is a multi-layered system, one should know that bitcoin exists in two main layers. It is mining and semantic layers.

Mountain layer

This is the layer in which the coin is created. In addition to bitcoins, this layer creates ether. After creating the coins, the real blocks of bitcoins are transferred to the book. Currency generation takes place here. It should be noted that currency is generated from transactions contained in blocks of bitcoins. Blocks are known as transaction fees. Currency can also be obtained from the network itself, or you can say “from the air”. The main advantage of generating currency from the grid is that it provides incentives for miner.

Semantic layer

This provides a very important platform. The semantic layer is the layer in which bitcoins are used as a means of payment. It also provides a platform for using bitcoins as a repository of valuables. The layer seems very important, doesn’t it? Bitcoin currency holders sign valid transactions that signal the start of bitcoin transfers between nodes at the semantic level. Transfer can also be possible by creating smart contracts. Smart contracts transfer coins between different accounts.

Lightning mesh

You probably haven’t heard of the Lightning network. This is the latest invention being distributed by the bitcoin community. This layer will be able to run on top of bitcoin. With this invention will appear an applied level that is on top of bitcoin. It will be so exciting. The most interesting aspect is that its cost can also be used for payments. This will be made possible by transporting his valuables between people. With the invention of the Lightning network, bitcoin will become a transport and application layer.

To date, the value of bitcoin is estimated at about $ 9 billion. It is also known that bitcoin is a decentralized cryptocurrency. This means that it works without control by the bank or administrator. Bitcoin is definitely capturing the crypto world.

It is also important that the technology used during bitcoin mining is called blockchain technology. It works by allowing the dissemination of digital information rather than copying. Crypto is a really exciting topic, and bitcoins may soon overtake our major currencies.

Bitcoin: Is it all contrived?

If you had spent $ 27 on bitcoin when it was created by Satoshi Nakamoto in 2009, your investment would now be worth more than $ 37,000,000.

Widely considered the greatest investment vehicle of all time, in 2017 bitcoin experienced rapid growth from $ 777 to $ 17,000.

By creating millionaires from opportunistic investors and leaving financial institutions open-mouthed, Bitcoin has responded to its critics at every stage of this year, and some believe this is just the beginning.

The launch of bitcoin futures on December 10, which for the first time will allow investors to enter the bitcoin market through a major regulated US stock exchange, means we are just getting started.

What makes bitcoin so valuable is that there is a limited amount. There will always be a maximum of 21 million bitcoins, and unlike regular fiat currencies you can’t just print them more if you want. This is because bitcoin works on the proof of work protocol: to create it, you have to extract it using the power of computer processing to solve complex algorithms in the Bitcoin blockchain. Once this is achieved, you will receive a bitcoin as payment for the “work” you have done. Unfortunately, the reward you receive for mining has declined sharply almost every year since the creation of bitcoin, which means that for most people the only viable way to get bitcoin is to buy it on the stock exchange. At current price levels, is it worth the risk?

Many believe that bitcoin is just a bubble. I spoke to cryptocurrency expert and long-term investor Duke Randall, who considers the asset inflated: “I would compare this to many supply and demand bubbles in history, such as Dutch Tulip Mania and the late 90s dot-com bubble. Prices are only speculation-based, and if you look at the functionality of bitcoin as a real currency, it’s almost embarrassing. ”For those who don’t know, the dot-com bubble was the period between 1997-2001, when many internet companies were founded and given outrageously optimistic estimates based solely on speculation, which later fell by 80-90% when the bubble began to collapse in the early 2000s.Some companies, such as eBay and Amazon, have recovered and are now well above those estimates, but for others it was the end of the line.

Bitcoin was originally created to take away power from our financial systems and put people in control of their own money by excluding the average person and allowing equal transactions. However, it is now one of the slowest cryptocurrencies on the market, its transaction speed is four times slower than the fifth largest cryptocurrency and its closest competitor in payment solutions Litecoin. The Monero coin, which is not tracked, makes transactions even faster, having an average lockout time of just two minutes, which is a fifth of the time it takes Bitcoin to do so, and that’s without anonymity. The second largest cryptocurrency in the world, Ethereum, already has a larger volume of transactions than Bitcoin, despite the fact that it is valued at only $ 676 per broadcast compared to $ 16,726 per Bitcoin.

So why is the value of bitcoin so high? I asked Duke Randall the same question. “Everything dates back to the same supply and demand economy, relatively not much in the presence of bitcoin, and its recent price spike has attracted a lot of media attention, coupled with the launch of bitcoin futures, which many see as the first sign Bitcoins are accepted in the mass market which has led to many people jumping on the bandwagon for financial gain. Like any asset, if the demand is to buy more than to sell, the price rises. This is bad because these new investors are entering the market without understanding the blockchain and the basic principles of these currencies, which means they are likely to burn out. ”

Another reason is that bitcoin is extremely volatile, it is known to rise or fall by thousands of dollars in less than a minute, which, if you are not used to and do not expect this, causes panic among less experienced investors, leading to losses. This is another reason why bitcoin will struggle to be accepted as a form of payment. The value of bitcoin can fluctuate significantly between the time providers accept bitcoin from customers and sell it on exchanges for their local currency. This chaotic movement can destroy all their profitability. Will this instability disappear soon? Unlikely: Bitcoin is a relatively new asset class, and although awareness is rising, only a very small percentage of the world’s population owns bitcoins. Until it becomes more widespread and its liquidity improves significantly, volatility will continue.

So if bitcoin is pretty useless as a real currency, what are its uses? Many believe that bitcoin has moved from a viable form of payment to a repository of value. Bitcoin is similar to “digital gold” and will simply be used as a benchmark for other cryptocurrencies and blockchain projects to be measured and traded. Recently, there have been stories that people in high-inflation countries such as Zimbabwe are buying bitcoin to preserve the wealth they have, rather than seeing it depreciate due to the carelessness of their central banking system.

Isn’t it too late to deal with bitcoins? If you believe what these cryptocurrencies will do for the world, it’s never too late to participate, but with such a high bitcoin value for some it’s a boat that has already sailed. Perhaps you better look at Litecoin, a growth of 6908% for the year, or Ethereum, which has grown by an incredible 7521% for the year. These new, faster currencies hope to achieve what Bitcoin first sought to do back in its early days in 2009, and replace the state’s fiat currencies.

Who knows what the price of these currencies will be in ten, fifteen or even twenty years? One thing is for sure, however, we better tie ourselves in, as it will be a wild trip.

5 mistakes most Bitcoin buyers make

Nowadays, buying bitcoin is not easy. Some buyers make some costly mistakes when they try to earn a return on their investment for the first time. So you can be careful when making this purchase. Here are 5 common mistakes Bitcoin buyers make. Make sure you avoid these mistakes.

Invalid address

Make sure you enter the correct address when buying bitcoin. If the address is incorrect, it will be impossible to cancel the transaction and you will lose your money forever. Sorry, you can’t fix this error if the address you entered was incorrect.

So be sure to check your address three times to make sure there are no errors. Checking the details will not take hours. It is best to ask a friend or family member to review your details.


It’s a great idea to purchase bitcoin in person. You should transfer your hard earned money only after the transaction is completed. Even better is to get some confirmation. This way, you can be patient to make sure there are no further issues. This is even more important if you are going to invest a large amount of money.

Methods of payment

One of the most common ways to make payments online is to use PayPal or a credit card. The reason is that these methods are quite convenient. Plus, they can save you a lot of money. However, keep in mind that you will have to pay higher fees to enjoy this convenience. For example, you will have to face refund issues.

Therefore, it is better to choose a less expensive way to pay. For example, you can make a bank transfer. This is even more important if you are going to regularly spend a large amount of money. In the long run this can save you a lot of money.

Missed opportunities

We know that people make a lot of money buying and selling bitcoins. However, if you are going to make this purchase just because you don’t want to miss this opportunity to make money, you need to think again.

Buying bitcoin without a solid strategy is a bad idea. As with any other purchase, you need to do your homework before investing in bitcoin. Therefore, a solid strategy is paramount.


Currently, the process of buying bitcoins and other currencies is quite simple. The reason is that there are many exchanges and many payment methods to choose from. But the problem is that we all tend to make mistakes, especially when going to buy something for the first time. So you can take your time before making this purchase.

In short, if you avoid the errors described above, you can purchase bitcoin safely and without much hassle. Just make sure you have a basic knowledge of cryptocurrencies. Hopefully this will help you make informed decisions.

The best ICO of 2018 – this cryptocurrency will destroy Wall Street

As we begin to see the growth of cryptocurrency trading, more and more new digital assets are being created every day. The concept of this is absolutely brilliant, only we are left with a huge problem, for many they will find less and less real quality investment options in the crypto market. More public and more it seems that only 15% of the best cryptocurrencies will retain any significant value over time.

The reality of the ICO is a new idea, but we need to watch for major changes to develop to offer the security seen in traditional investment instruments. The fact that we are on a playing field where no governments or authorities can regulate these digital assets opens the door to scammers and cons. This is a major problem with ICOs, even companies that can offer a legitimate product or service may end up spending investors ’money and leaving token holders trapped with an asset that is really worthless. This is something that Dibbs ICO promises to fix along with many other promises to change the world through blockchain development.

ICO Dibbs presents to the public the erc20 token, which has some additional unique features. These tokens can be sold back to the issuer for payments in bitcoins or over the air. This will be guided by smart contracts that will increase the level of security for investors by offering a reliable source to liquidate their holdings! The concept is simple and ingenious! The reason for this development is that Dibbs llc can demonstrate its ability to create digital assets that offer the same benefits and certainly as traditional investments, but with much greater profitability, instant liquidity and the ability to create new benefits that can be unique. on each token. This, in turn, will first be driven by Dibs if they will oversee companies that want to run on their platform, making sure the promise is delivered as we move into the final phase, making the whole system standalone.

With the Dibbs token you can get a share of every offer that will be launched from this platform! This is an added bonus for the Dibbs token, it is second to none to see extremely high incomes in the future. The fact is that no other offer will ever have such an amazing advantage. With the release of am altcoin through ICO part of the total supply is deferred and even used as payment by Dibbs for asset production services. In turn, these stocks are distributed among Dibbs token holders in proportion to their stock.

All I want to say is wow! I went ahead and made this campaign the focus of my partners in the financial sector and they all gave it a big thumbs up. I personally invested over $ 5,000 in this offer, buying tokens at pre-sale prices. The ICO won’t actually start until September 2018, but if you register today, you’ll get great benefits by saving up to 200%

To learn more about this company, visit their website http://dibbs.co.

Dibbs coin offer – dibbs.co

Bitcoin is thriving despite everything

Since it’s now in vogue, I’d like to announce that I’m launching my own cryptocurrency next week.

Let’s call it “kingcoin”.

No, it’s too useful.

How about “mothercoin”? I always had a soft spot to mixed breeds.

Yes, it’s perfect – everyone loves dogs.

This will be the biggest since the restlessness.

Congratulations! Anyone who reads this will get one matcoin when my new coin is released next week.

I’m going to evenly distribute 1 million matcoins. Feel free to spend them anywhere (or where anyone will take them!).

What is it? The cashier at Target said not to accept our matcoin?

Tell those who doubt that mutcoin has scarce value – there will ever be only 1 million matcoins. In addition, it is backed by the full faith and merit of 8GB of RAM on my desktop computer.

Also, remind them that ten years ago bitcoin couldn’t buy you even a pack of chewing gum. Now for one bitcoin you can buy a lifetime supply.

And, like bitcoin, you can safely store mutcoins offline, away from hackers and thieves.

In essence, this is an exact copy of the properties of bitcoin. Muttcoin has a decentralized book with cryptography that cannot be hacked, and all transactions are unchanged.

Are you still not sure that our mutcoins will be worth billions in the future?

Well, that’s understandable. The fact is that launching a new cryptocurrency is much harder than it seems, if not impossible.

That’s why I believe bitcoin has reached these heights in spite of everyone. And because of its unique network of users it will continue to do so.

Of course, there were setbacks. But each of these failures eventually led to higher prices. The recent 60% drop will be no different.

The miracle of bitcoin

The success of bitcoin lies in its ability to create a global network of users who are either willing to make transactions with it now, or keep it for later. Future prices will be determined by the growth rate of the network.

Even in the face of wild price fluctuations, the adoption of bitcoins continues to grow exponentially. There are now 23 million wallets worldwide, chasing 21 million bitcoins. In a few years, the number of wallets could increase to include 5 billion people on the planet connected to the Internet.

Sometimes the motivation of new cryptocurrencies was speculative; other times they sought to accumulate value away from their own national currency. In the last year, the emergence of new applications, such as Coinbase, has made it even easier to include new users.

If you haven’t noticed when people buy bitcoin, they talk about it. We all have a friend who bought bitcoin and then kept quiet about it. Yes, I’m to blame for that – and I’m sure quite a few readers too.

Perhaps subconsciously owners become crypto-evangelicals because persuading others to buy serves their own interests in increasing the value of their possessions.

The evangelization of bitcoin – the spread of the good word – has miraculously led to a rise in price from $ 0.001 to the recent price of $ 10,000.

Who would have thought that his pseudonym, fed up with the global banking oligopoly, launched an intangible digital resource that in less than a decade equaled the value of the world’s largest currencies?

No religion, political movement or technology has ever seen such growth. Again, humanity has never been so connected.

The idea of ​​money

Bitcoin started as an idea. To be clear, all the money – whether it was money used by primitive islanders, a gold bar or the US dollar – started as an idea. It’s the idea that a network of users values ​​it equally and will be willing to part with something of equal value for your form of money.

Money has no intrinsic value; its value is purely external – only what others think it is worth.

Take a look at the dollar in your pocket – it’s just a gorgeous piece of paper with a one-eyed pyramid, a portrait and signatures of important people.

To be useful, society must view it as a unit of account, and merchants must be willing to accept it as payment for goods and services.

Bitcoin has demonstrated an amazing ability to reach and connect a network of millions of users.

One bitcoin is worth all that the next person is willing to pay for it. But if the network continues to expand at an exponential rate, limited supply argues that prices can only move in one direction … higher.

The result

The nine-year rise of bitcoin has been marked by huge bouts of volatility. In January 2015, there was a correction of 85%, and in some others – more than 60%, including a whopping 93% of the drawdown in 2011.

However, through each of these fixes, the network (by the number of wallets) continued to expand rapidly. As some speculators saw their price go down, new margin investors saw the price and became buyers.

Abnormal volatility levels have actually helped bitcoin networks grow to 23 million users.

Hey, maybe we just need some price volatility in matcoins to attract new users …

Private financial services offered by Pfser in Estonia and Latvia

Private financial services

Private financing is an easy and safe way to get funds for your requirements. With this in mind, we have developed a system in which our experts are always ready to help you make decisions on financial aspects. Not only that, they offer you the best deal. We make life easier by giving loans to meet your current requirements and commitments. Whether you are running a business or about to start, our website will act as the most valuable asset in your business.

Education company in Estonia

If your startup is in Estonia, you will enjoy it. This country is an offshore zone due to the reduction of income tax to zero. The country has been a member of the European Union since 2004. This jurisdiction is not blacklisted. ”Thus, starting in Estonia, the entrepreneur bears a minimum tax burden, he can avoid negotiations when selling his goods in member countries.

Cryptocurrency in Estonia

Cryptocurrency can be considered as a digital analogue of fiat currency. You can use it to share. Over the past few years, cryptocurrency has taken the world by storm. Bitcoin is the most promising cryptocurrency. It is mainly used for intercontinental remittances because it is cheaper than using banks or services like PayPal. It is safe and decentralized. It uses blockchain technology and can never be hacked.

Estonia is a favorite destination for most business people for their cryptocurrency ICO. The ICO stands for Initial Coin Offer. Over the last few years, Estonia has seen a rapid increase in the number of ICOs on its soil. Speaking since 2007, more than 700 cryptocurrencies have been registered in Estonia alone.

The cryptocurrency market is on the rise, and Estonia is its center.

Company registration in Estonia

This is a very simple and quick process. All you need to do is follow these simple steps. Make a prepayment of 50%. Then, choosing an existing company or registering a new one. After that, clarify the information about the owner and authorized persons. Then deliver the existing document by DHL mail to any destination. The offshore zone in Estonia does not set requirements for obtaining work permits, but this does not apply to the procedure for obtaining a category D visa.

Formation of a company in Latvia

Latvia is well suited for doing business. Some businessmen are exempt from paying taxes. Registering a company is not so expensive. This country prefers international partnerships.

Company registration in Latvia

In Latvia, you only need one day to register a company. Circumstances, if you may need more than a day, are as follows:

  • Transfer of registration documents
  • The final calculation
  • Data registration
  • Communication with banks required
  • Sending the necessary documents to the interested institutions
  • Filling out company forms
  • Transmission of received feedback.