How collecting free Crypto could make you rich

    Back in the day, not so long, long ago when Bitcoin was trading for only a few cents or even a few dollars, some people were scoffing at others who spent time collecting freebies from faucet sites and other giveaways.     Those time wasters don’t seem so dumb now with Bitcoin trading in thousands of dollars and not cents.  If you just accumulated $ 5 of Bitcoin, 7 years ago that would be worth more than $ 4 Million dollars – Not bad.. Especially if you did…

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What are Bitcoin Faucets?

Have you ever heard of Bitcoin or Crypto Faucets?  So, what are they and are they becoming more popular?     Crypto Faucets are websites that have a reward system for users who complete the tasks or captcha.  A captcha is a computer program or system that checks whether you are human vs a bot which can automatically extract data from websites, in the case of faucets, cryptocurrency.  Humans win in this case!     Are Crypto Faucets a “get-rich-quick” scheme?  Typically they are not as only small amounts of…

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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…

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How to buy Bitcoin dominates Google

Bitcoin was one of the top Google search trends for 2017 and we thought it would be interesting to look at the top search terms that are Bitcoin related.     Bitcoin   Bitcoin was searched between 1 Million and 10 Million times per month. The huge rise in price no doubt had a major impact on the Bitcoin search popularity.       Bitcoin Price Not surprising that this term ranks high, everyone and his dog wants to know what the Bitcoin price is or will be in the…

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How to create a circle of traffic with your own content and Steemit

  Here at Bit-Media, we are, like everyone else, trying to get our content out to a wider audience and build a following.  We think Steemit can be a valuable addition to these efforts and our strategy is to build a “Circle of Traffic” by having our “online assets” resharing our content.   Our Online Assets:   Our Bit-Media Blog: Provides news on cryptocurrency, FinTech, IoT and the new digital economy Facebook: 70,800 likes Twitter: 1496 followers YouTube: 5400 subscribers Steemit: 73 followers   Our Strategy: Our strategy involves sharing our various posts between our…

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More Banking Woes For Bitcoin

JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. all announced a ban on purchases of Bitcoin and other cryptocurrencies on their credit cards.   JPMorgan, enacting the ban Saturday and Bank of America started declining credit card transactions with known crypto exchanges on Friday.   Full story: – https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards     This comes after Visa suspended a number of crypto prepaid cards in January without warning and a number of Bitcoin companies including Bitwala announced that their banking services were suspended.   Shortly after that payment processor…

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What happens to your Bitcoin Hardware Wallet when the Blockchain Explorer goes down?

 With all the news about hacking and lost cryptocurrencies, people are looking for safe alternatives for storing their Bitcoin and other currencies. The “Hot” alternative at the moment is so-called “hardware wallets”, these tend to be a much better alternative than centralised wallets like those on exchanges or provided by popular providers.   It seems though that some Bitcoin owners are confused about where their coins are kept. It is important to understand that your cryptocurrency never leaves the blockchain, so coins are not kept “in a wallet”. What the…

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Protect yourself – 90% of Bitcoin Value could be wiped out

Wall Street veteran Peter Boockvar predicts an epic crash will hit the cryptocurrency market, he does not know how and when but he is convinced it is upon us.   Boockvar is the chief investment officer at Bleakley Advisory Group and was interviewed by CNBC, “Futures Now.”  – “When something goes parabolic like this has, it typically ends up to where that parabola began”   “I wouldn’t be surprised if over the next year it’s down to $1,000 to $3,000” he added. That would be a 90% drop from current levels…

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Robin Hood steals from the Rich and gives to the Poor with free Bitcoin trading

Coinbase charges a fee of 1.5% to a staggering 4% on Bitcoin and another cryptocurrency trading.   A stock trading app, Robinhood, will let you buy and sell Ethereum and Bitcoin with zero added fees and as from today, Robinhood will let all users track the price, news, and set up alerts for top crypto coins including Litecoin and Ripple.   Robinhood stressed that they will operate on a break-even basis to keep growing the 3 million users it already has.   Robinhood founders Baiju Bhatt (left) and Vladamir Tenev…

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How 50 Cent made $ 7 Million in Bitcoin

It was called Animal Ambition,  a 2014 album by rapper, 50 Cent. The rapper probably never dreamt that the value of Bitcoin would skyrocket when he agreed to take proceeds from album sales in Bitcoin. These sales are now reportedly worth more than $7.5 million.   In a comment that could either amaze or exasperate people who would love to find a pile of money, 50 Cent added, “I’m a keep it real. I forgot I did that s***.”   It was reported that Animal Ambition brought the rapper around…

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