Bitcoin isn’t the only crypto, or even the first virtual currency envisioned. Hashcash, B-money, and bit gold are three influential precursors. But Bitcoin was the first to turn heads among the general public and maintain interest. By one count, more than 4,000 cryptocurrencies existed in January 2021. Yet as of writing this, Bitcoin’s total market […]
Who Is Satoshi Nakamoto? Here’s Who It Might Be…
Bitcoin has had a mysterious unanswered question from day one. Who is Satoshi Nakamoto? Satoshi Nakamoto is likely pseudonym whose identity (or identities) has never been revealed, and was the creator of Bitcoin. But that doesn’t keep the public from guessing who Satoshi Nakamoto is. A few details known about the secretive founder of Bitcoin: […]
“Why Buy Bitcoin?” Because of These 3 Wealth Creation Principles:
Those new to cryptocurrency may wonder what the big fuss is all about. A person can invest money in all sorts of ways. With so many options, why buy Bitcoin at all? We’ll take a look at some reasons. Bitcoin diversifies your assets. Diversification is standard investing advice for a reason. It helps you mitigate […]
Yield Farming: How To Make Money with Bitcoin (And Other Cryptos!)
If you’ve been in the crypto-sphere recently, you’ve likely heard the term “yield farming.” While it sounds complex and agricultural, it is, in fact, relatively straightforward, has nothing to do with growing crops, and is one of the most valuable abilities of decentralized finance discovered so far. Yield farming is a relatively new technique used […]
Is Now a Good Time to Buy Bitcoin?
Bitcoin is famously volatile, so how do you know if now is a good time to buy it? We take a practical approach and review three investing guidelines, and then apply them to Bitcoin for an answer. 1. In General, Invest for the Long-Term All investments tend to be volatile in the short-term, not just […]
Bitcoin vs Gold: Which Costs More to Store?
In a previous article, we compared how much Bitcoin and gold are worth. Today, we’ll take Bitcoin vs gold and compare the costs of storing each asset. How Assets Can Incur Expenses When investing, people commonly focus on how much a sum might increase or decrease in value over time. What often gets lost in […]
Bitcoin vs Gold: Which Is Worth More?
Did you land on this article because you searched for “bitcoin vs gold”? You’re not alone. Lucky for you, you’ve come to the right place. We love discussing Bitcoin and gold and have a series on the gold standard and gold mining versus crypto mining to prove it! Today, we’ll examine Bitcoin vs gold’s value […]
Can Bitcoin Be Outlawed?
With the growing acceptance of Bitcoin, many investors may be asking: “Can Bitcoin be outlawed?” While that seems like a scary future possibility, it’s safe to say that there are many complications that would prevent that from happening. Put simply and briefly: Bitcoin could be outlawed, but it’s unlikely. Want the whole story on why? […]
Bitcoin VS Ethereum: What’s the Difference?
Bitcoin and Ethereum are the two most popular cryptocurrencies available today. We’re starting to hear both of them appear in the news more and more every day. And there’s a clear reason why: Bitcoin has a market cap of over $1 Trillion, and Ethereum has a market cap of $230 Billion. But what are the […]
The 1918 Pandemic, the Current Pandemic, the Economy, and Cryptocurrency
As we see the light at the end of the COVID-19 pandemic tunnel, many of us are pondering a post-pandemic world. We have much to look forward to, such as socializing and traveling especially. But there’s also a ton of unknown territory. Among those unknowns: How will the economy fare once the worst is behind […]
Bitcoin and Other Missed Money-Making Opportunities
Perhaps you’ve watched Bitcoin prices go up and are debating whether to buy Bitcoin–or whether to buy more Bitcoin. While you ponder, we’d like to present these missed money-making opportunities to make your decision easier…. Opportunity: Buying the Patent to the Telephone Missed by: William Orton, the 1876 president of Western Union Telegraph Western Union […]
The Winners and Losers of 2020 Bitcoin Predictions
Now that it’s 2021, let’s take a look back at 2020 and poke some light fun at the winners and losers of the Bitcoin predictions for an utterly unpredictable year. As the briefest of recaps: Bitcoin started 2020 trading at $7,150 and hit an all-time high of $23,000 in December. (Check out our article on Bitcoin’s […]
A Look Back at 2020 and Bitcoin’s Wild Ride to an All-Time High
2020 is probably the strangest, toughest year many of us have encountered. The pandemic has affected our day-to-day lives, our well-being, and our economy. But it also helped launch Bitcoin on one wild ride, culminating in Bitcoin reaching its all-time highest price on December 19 (at the time of writing this). Here, we’ll take a […]
Money Weirder Than Bitcoin
You’ve likely encountered cryptocurrency skeptics who question how an item that only exists digitally can be currency. Perhaps you’ve even attempted to explain that Bitcoin is a virtual token logged as an entry on a ledger called the blockchain. Certainly, this is more abstract than the paper money we carry in our wallets. Yet, all […]