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? […]