The Price of Bitcoin: What Does It Mean?

The much touted crash of Bitcoin deserves a bit of perspective. We have compiled a list of some of the most popular cryptocurrencies including several altcoins which we are invested in. The altcoins tend to follow Bitcoin which means the recent crash of Bitcoin has also caused many of the altcoins to crash.

Below you can see the current price of each coin followed by the historical price of each coin from 1 year ago.
At the time of this printing, the gains made by these coins even with the recent crash are quite impressive. If we were talking about the stock market these kind of gains would be almost unheard of.

The historical chart for Bitshares is from the spring because the coin was worth less than 1 cent as of a year ago. The current prices are from a live feed, so it will be interesting to see how these coins fare in a few weeks.

How to Use A Bitcoin Hardware Wallet

How to use a Bitcoin Wallet. The ledger Nano S is easy to use as demonstrated in the video.
Maintaining control of your keys has become all the more important with the recent hacks of cryptocurrency exchanges like Cryptopia.

A Bitcoin hardware wallet allows you to control your own keys and safely secure your cryptocurrency.  The hardware wallet stores your private keys on the device.

You will receive a sequence of words when you set it up for the first time and you will set up a pin.  Make sure you write the series of words and you PIN code down and keep it in a safe place. To access the device you use the pin by physically entering it into the ledger.

The best part about using the Ledger Nano S is even if you lose the ledger or forget your pin code you can use the sequence of words that you were given when you set the device up to recover your wallet. You may recover on the same ledger or a new ledger using those words.

The Future of Bitcoin: How High Will It Go?

Since the early days of Bitcoin, we have all heard endless speculation concerning the future price of Bitcoin. Stephen Kendal has an interesting take on the potential of Bitcoin.

Kendal describes the current state of the world including the tremendous amount of unfunded liability across the globe. In short, the weight of all of this debt is destroying the value of the dollar. The debt crisis applies to all fiat, not just the dollar. As fiat decreases in value, the value of Bitcoin in relation to fiat will, of course, go up. The limited supply of Bitcoin will also cause the price to go up. This concept is so simple, but I think this video does a great job of explaining the future of Bitcoin.

EOS Accounts for Over 6% of All Blockchain Activity Surpassing Bitcoin

During the last 7 days EOS accounts for 6.5% of all blockchain activity. EOS surpassed Bitcoin in blockchain activity in less than a month. The most active cryptocurrecy for the last 7 days is Steem with 36.1%. Bitshares is in second place with 30.6%. Ethereum is in 3rd place with 16.4%. Bitcoin holds steady with 5%. All remaining currencies combined are at 5.5%.

The most interesting thing about these figures is that the Blockchains of Dan Larimer, EOS, Steem, and Bitshares, account for over 72% of all blockchain activity. My question is, “When will the world notice and what happens when it does?” Many speculate that EOS will upstage Ethereum in the near future. As the usage of these altcoins increases, when does the price of Bitcoin become less important to the overall crypto market? I think we will see a decoupling of Bitcoin from the altcoin market in the near future.

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Has Bitcoin Hit Bottom?

The question on everyone’s mind these days is “Have we hit the bottom yet?” Bitcoin has been trading basically sideways for a few weeks. Investors have been expecting a bounce, but that has yet to happen.

Bitcoin has been moving toward a correction, but has yet to rally. The coin has been maintaining above the support level of $6000, but has not made the jump into bull territory. If we see Bitcoin rise above the resistance level of $6400, we may see a break out.

Many investors seem a bit weary after waiting almost 6 months for a Bitcoin Bull run.

Binance Introduces Fiat to Crypto

Binance will add Fiat to crypto trading pairs

Binance, one of the most popular Cryptocurrency exchanges in the world, has plans to enable their customers to buy Cryptocurrency directly with fiat currency. The complicated process of buying cryptocurrency has been an obstacle for many potential investors. Instead of buying a currency like Steem directly, one must purchase Bitcoin or Ethereum first through companies like Coinbase. Once the Bitcoin is purchased, it must then be moved to an exchange to buy Steem or whatever cryptocurrency is desired. Throughout the entire process, the customer is paying fees and experiencing long delays before they can even begin to purchase the coin they are interested in. Recent moves by Binance may change this entire process.

Binance has moved their operations to Malta which is fast becoming one of the most “Crypto friendly” regions in the world. Originally headquartered in Hong Kong, Binance had major concerns over the often unpredictable regulations imposed on Bitcoin and the cryptocurrency markets by China.

Binance is working with local banks in Malta to set up fiat to crypto trading pairs. This action will enable investors to buy cryptocurrency directly with US dollars or Euros without having to go through Bitcoin first. The ability to buy directly with fiat is sure to bring in many investors as the entire process will be so much easier.

This development will be a welcome change to many who have experienced less than stellar treatment from the banking establishment. Early 2018 saw many banks ban credit card purchases of cryptocurrency. Some banks even imposed significant fees for debit card transactions as well. Coinbase also had a problem with merchant services double charging customers for many transactions.

The ability to buy cryptocurrency with fiat dollars and Euros will completely change the landscape of cryptocurrency investing. Get ready, Crypto is going mainstream whether the banks like it or not.

How to Buy Bitcoin with a Credit Card or Bank Account


Buying Bitcoin with Coinbase

Buying Bitcoin with a credit card is simple. Coinbase is one of the oldest and most trusted cryptocurrency sites. Sign up on Coinbase is free. You do have to supply credit card and banking information in order to be able to purchase Bitcoin on the Coinbase site. While you would think using your bank account would be the quickest way to buy Bitcoin, the processing time may actually take a week before your Bitcoin is deposited. Once you have authorized and confirmed your credit card, you may use the card to buy Bitcoin instantly. Coinbase will make 2 small charges to your credit card. Once you have confirmed these amounts, you should be able to purchase your cryptocurrency instantly.

Coinbase also supports the instant purchase of 2 other altcoins. Both Litecoin and Etheruem are currently available for purchase on the Coinbase site. As the price of Bitcoin increases, the Bitcoin fees have also increased. For the potential altcoin investor, Litecoin may be a better gateway cryptocurrency simply because the fees are much lower. Of course, this scenario only applies if you are purchasing the coins at Coinbase with the intention of transfering them to an exchange in order to buy other altcoins.

Whether you purchase Bitcoin, Litecoin or Ethereum, you can transfer the coins from your wallet to the exchange you wish to trade on. As you transfer your Bitcoins you will see multiple confirmations being completed which will confirm the arrival of your Bitcoin in the wallet of the exchange.