How to Bitcoin #5 – Ways to Make Money with Bitcoin

NEW ZEALAND – Guest Writer –The fifth in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to make money with BTC.   Buying and Selling A way to make money is to buy BTC/alt-coins at a low value and to sell at a higher value on an Exchange. Selling BTC as mentioned above can be done in any currency. Most large Exchanges allow users to trade back to US dollars. Another method would…

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How to Bitcoin #4 – Storing Bitcoin

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to store your Bitcoin.   You can store Bitcoin or altcoins in the following ways:   Paper Wallet Offline Online Encrypted Hardware Device   Each method offers both pros and cons.   A paper-wallet is just that, a special code (address + keys) that is then printed out on a piece of paper. You can load BTC…

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How to Bitcoin #3 – Bitcoin Trading

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of the buying and selling aspect of Bitcoin, trading.     BTC can be traded on Exchanges (online companies regulated/non-regulated and are located all over the world) to buy other alt-coins. Exchanges may also trade commodities and currencies. Some large BTC Exchanges that mostly trade against the US dollar are Bitstamp, Coinbase, and Bitfinex. Click here to view the…

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BitVault®, World’s First Blockchain phone hones in on Enterprise market – Cointelegraph

  It was reported on Cointelegraph that BitVault®, the World’s First Blockchain smartphone are making strides in the Enterprise market.   According to the article, the company said that it is currently focussing on three sectors and are in advanced discussion with prospective partners and customers.   Defence Technology Financial Technology Manufacturers of mobile communication devices   Full article – Click here to CoinTelegraph      The enterprise market is huge and potential BitVault® sales could amount to millions. The Indian defence market, in which the company has already made some…

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How to Bitcoin #2 – How is Bitcoin Processed

NEW ZEALAND – Guest Writer –The second in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Some hints and tips are provided, including some links to websites in order to guide you in your endeavour to understand Bitcoin, the “Internet of Money”.   How is Bitcoin Processed?   BTC is processed by computing power where a network of user-computers becomes a financial public ledger that will process the use of BTC. This is a network of computers and is…

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Forbes Journalist Predicts Bitcoin Crash below $ 1000!

In a recent article Chuck Jones, a Forbes contributor, cited his reasons why Bitcoin could fall to below $ 1000.     Here are the reasons listed in the article:   Regulation could have the biggest impact South Korea Japan China U.S. regulation There is no “value” to it Volatility can create nervousness A shakeout is coming ICOs (Initial Coin Offerings) Hacking theft of CCs FOMO or Fear of missing out Bitcoin mining scams Becomes too associated with criminals and rogue states Third parties changing their minds Bitcoin & Blockchain…

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How to Bitcoin #1 – Introduction

NEW ZEALAND – Guest Writer – A series of articles will be published to introduce you to Bitcoin and what you can do with the cryptocurrency.  Some hints and tips are provided, including some links to websites in order to guide you in your endeavour to understand Bitcoin, the “Internet of Money”.     Firstly, what is Bitcoin?  Bitcoin (BTC) is a virtual currency, digital not physical, and independent of banks. It is a peer-to-peer network supported by its users via computing power with no central authority. It was designed…

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How to Hack Bitcoin

Bitcoin users are quick to point out that Bitcoin cannot be hacked but the sad fact is that millions of dollars worth of bitcoins have been stolen by hackers over the last few years and the problem is on the increase.     Recently $64 Million worth of Bitcoin was stolen from Slovenian mining operation, Nicehash. Full story – https://www.theguardian.com/technology/2017/dec/07/bitcoin-64m-cryptocurrency-stolen-hack-attack-marketplace-nicehash-passwords   What are the most popular ways to hack Bitcoin?     Stealing Private Keys; The first thing to understand is that no one really owns a Bitcoin. The public bitcoin ledger…

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Why Bitcoin is not for you

Bitcoin or cryptocurrency is certainly not for everyone and might not be for you if:     You believe in the system and trust banks: Some people cannot help themselves and have to believe that we can trust in the system or do not want the responsibility being in control of their own money. That way, if something goes wrong, you can blame someone else…   Fact is the system is broken and governments worldwide are running huge deficits.  The problems of the 2008 financial crisis have still not been resolved. …

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Spectre and Meltdown are going straight for your Private Keys – How safe is your hardware wallet?

The BBC reported today that the tech industry kept the latest threat to our online life secret for six months, hiding behind non-disclosure agreements.     Apparently, there are two bugs, known as Meltdown and Spectre, which exploit security vulnerabilities in Intel, AMD, and ARM processors in all types o devices, including PCs, laptops, tablets, and smartphones.   Meltdown affects all devices with Intel chips, which are estimated to be in 90% of all computers (desktop and laptop combined), the BBC reported. Intel stock price had its own Meltdown today…

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