Is the Bitcoin bubble bursting?

 Allianz Global Investors have warned that the Bitcoin Bubble is about to burst.  The growth in the Bitcoin price is nothing short of incredible and even though the price has tumbled right down to $7750 at the time of this publication. The percentage growth was approximately 730% against the USD at the current price, and close to 2000% growth at the higher recorded price of $19,435.     “So is this the end of the hype about Bitcoin as the future of global currencies? Probably not yet, since speculation in…

Read More

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…

Read More

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…

Read More

Whoa! Why are Bitcoin Prices Booming?

Bitcoin prices are booming!  As we always say, look at the fundamentals and you will realize that Bitcoin is unstoppable. So, what are the reasons?  Here are a few to consider:-     Who is behind the Spike in Bitcoin prices?  “Bitcoin is up 30% since Friday’s opening prices. It’s doubled in a month. Where’s the demand coming from? It looks like China. Chinese stocks are down around 8% in the past month. Meanwhile, global stocks have been bid (German stocks +6%, U.S. stocks +7%). And gold is flat. But…

Read More

Bitcoin Investing – Bitcoin Price Boom Attracting more big Investors

The Bitcoin price and value has increased substantially over the past few years.  The fundamentals are strong and as the outlook is very bullish, it has caught the attention of mainstream media and other media outlets.  Articles and Reports are flowing in which is gaining more support and adoption of Bitcoin as new money flows into the ecosystem.   “Just recently the first investor of Snapchat, Jeremy Liew said bitcoin is undervalued in a recent Business Insider presentation. During the presentation, Liew gave some fundamental reasons to why he thinks bitcoin…

Read More

Can you make a Quick Buck out of Bitcoin?

Global Bitcoin adoption is increasing daily and as the price is moving on up, it has caught the attention of investors.   So, can you make a quick buck out of buying bitcoin or is bitcoin a long-term investment?  There are people who trade with bitcoin as their way of earning however, it can be very stressful as the bitcoin price is difficult to predict. Having said that, we do know that the bitcoin will increase over time – it is inevitable as well as unstoppable.  Bitcoin has a capped…

Read More

South African Debt Downgrade to Junk – Flight to Bitcoin?

The South African rand plunged more than 11% in the last 7 days, first rattled by a downgrade by Standard & Poors to junk status as well as the move by Moody’s to place South Africa – which it has two notches above junk – on downgrade review. The Rand lost over 1.5% in the last 12 hours, during which time these actions were taken. By 07:55 am South African time, it was trading at R13.88 to the US Dollar. The saga started with South African president, Jacob Zuma, sacking…

Read More

Bitcoin Value Escalates in the BRICS countries

Brazil, Russia, India, China and South Africa make up the BRICS countries. BRICS is the acronym for an association of five major emerging national economies.   The BRICS members are all leading developing or newly industrialized countries, but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs; all five are G-20 members. Since 2009, the BRICS nations have met annually at formal summits. China will host the 9th BRICS summit in Xiamen on September 3rd, 4th and 5th, 2017. Wikipedia The local currency in the BRICS…

Read More

Investing in Bitcoin gives best returns

Investing in Bitcoin has been very lucrative to many early adopters, however, it is not too late to get started right now. Bitcoin is the digital asset that is breaking all records in terms of growth and value.  Bitcoin’s Rally Crushed Every Other Currency in 2016 – Interesting to note that Bloomberg have labeled Bitcoin as a “currency” and show that it grew more than 100% during the year.  Experts are speculating that the Bitcoin price will double again in 2017.     Looking back to an article by Forbes “Should…

Read More

Plan, Invest and Retire with Bitcoin

Growing old is a privilege that some of us will achieve but in order to enjoy our retirement, we must find the best way to provide financial security for the future.   We have all been indoctrinated to start saving or investing in retirement plans while young.  Some of us are serious about providing for our future and we think our first step is to invest in traditional investments like Retirement Annuities, contributions to an Employer’s retirement or provident plan.  While others wait for the government to look after them…

Read More