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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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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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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Forget Korea… Bitcoin Rocks in Japan – Literally

Korea has been in the news lately for regulation or banning Bitcoin but meanwhile in Japan… Each of the eight girls represents one of the larger digital monetary formats. Yes, you’re supposed to cheer for bitcoin… or swoon over Ethereum (what, no Litecoin?). The group played its first concert on January 12th, and naturally, you had to pay in cryptocurrency to be one of the few members of the general public to get in.     Full Story – Click Here     The group’s first single, “The Moon and…

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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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Will Regulators and Banks kill Bitcoin?

2018 has not started well for Bitcoin as the cryptocurrency started the year with 2 weeks of losses and last week we had four days of straight losses from Monday to Thursday.     Shock News for Bitcoin Banking   The year started off with a shock as Visa suspended a number of prominent cryptocurrency card providers without any notice, leaving some customers without cash. Some of the well-known companies affected were Cryptopay, Bitwala, Xapo, Bitstamp and many others. Bitwala also reported that their bank facilities were suspended with immediate…

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Jamie Dimon Flip Flops on Bitcoin

The JPMorgan Chase & Co. chief executive officer, who last year called the cryptocurrency, Bitcoin a “fraud,” said in an interview with Fox Business he wishes he hadn’t dismissed the technology in such broad terms.     “I regret making” those comments, Dimon said “The blockchain is real. You can have crypto yen and dollars and stuff like that.”     Initial coin offerings, however, “you have to look at individually,” he said in the interview.   See the full article on Bloomberg – Click here         Bitcoin…

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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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