Over the years, there have been different and wide ideas of what trading ,investing and literally gaining from altcoins entails ,some are confused as to where to start ,some have started but already thinking of selling their altcoin because of a strong dip that happened overnight ,Truth is investing in altcoin is hard but its definitely worth the risk ! Yep ,you heard me right .
every job has its risk ,its hazards and I believe the loses most times are part of the everyday ups and down of Altcoins …
the most crucial element I believe in investing altcoin is how long you can hold ! Can you hold for five years? But I guess that’s what every investment is about ain’t it ? I tell many that instead of contemplating , why not go out there and start buying , buy as much as you can ,hold as much as you can!
the value of bitcoin in 2010 was just 0.08$ now we are debating if it will hit 100 grand by December 2021! Bitcoin was the best performing asset of 2020,how did it become a monster right in front of us?! No its not magic, its Altcoin ! Different altcoin have begin to emerge that’s getting bigger everyday, all you have to do is decide and roll in a couple of unused money, you can always start little and watch your investment roll to the top.
Bitcoin is a completely decentralized digital cryptocurrency. Unlike US dollars that you can hold in your hand (or in your bank account), there is no central authority or centralized payment system controlling Bitcoin. Instead, Bitcoin operates in a peer-to-peer network that allows anyone in the world to send and receive Bitcoin without any middleman (like a bank, central bank or payment processor).
Although there are thousands of cryptocurrencies ranked on CMC today, Bitcoin was the very first cryptocurrency ever created. On Oct. 31, 2008 a person (or group of people) under the pseudonym “Satoshi Nakamoto” published the now-world famous Bitcoin white paper.
The first line reads: “A purely peer-to-peer version of electronic cash, which would allow online payments to be sent directly from one party to another without going through a financial institution.”
The Bitcoin network then launched on Jan. 3, 2009, marking the start of the cryptocurrency revolution.
How Does Bitcoin Work?
Bitcoin is a purely decentralized digital currency, which makes it unlike any other asset that came before it.
Before the digital age, everyone transacted in physical forms of currencies, from livestock and salt, to silver and gold, and finally to banknotes. Only in recent times was money “digitized” — allowing bank accounts to exist online, as well as creating the many online payment processing platforms, such as PayPal and Square, that you often use today without thinking about it.
However, all of these “digital transactions” require a centralized system to operate. Your bank, or financial services like PayPal, needs to ensure that all of their users’ accounts are constantly updated and tallied correctly. These systems represent the centralized form of digital money.
Bitcoin revolutionized digital money by decentralizing this accounting process. Instead of a central figure that is responsible for making sure that their users’ transactions were always adding up, Bitcoin works by sharing the account balances and transactions of every user across the globe in a pseudonymous form. In simplest terms, this means that anyone can download and run the free and open-source software required to participate in the Bitcoin protocol.
As a Bitcoin user, all you need to know to send Bitcoin to someone else is their Bitcoin address (a series of letters and numbers, not their name or any personal information!). By sending your Bitcoin to an address, what you are doing is broadcasting your transaction (Hi, I’m Alice sending 1 BTC to Bob!) across the Bitcoin network using blockchain technology (more about that below). Since the Bitcoin network has the most up-to-date ledger tracking Alice’s wallet balance, the system checks her wallet balance (i.e., Alice has 2 BTC in her wallet, so a transaction of 1 BTC to Bob is valid), and then completes the transaction.
In summary, Bitcoin works by ensuring that this shared ledger always tallies up, and that new Bitcoin transactions (Bob sends 2 BTC back to Alice. Go Alice!) are validated, recorded and then added to the ledger in order. That is the heart of blockchain technology, where new “blocks of information” are added to the chain of blocks that already exist.
How Does Bitcoin Mining Work?
“Mining” refers to the act of adding new blocks to the blockchain. In simple terms, Bitcoin miners dedicate significant amounts of computing power to solve a cryptographic problem, which is basically a very complex puzzle. The successful miner that solves the puzzle before all the other miners gets rewarded with a “block reward,” which is an allocation of a predetermined number of Bitcoin. In some cases, the block rewards are awarded to mining pools, when miners group together to share resources.
Once the puzzle is solved, the block is “confirmed,” and it is added to the blockchain. This new information is sent to all nodes, aka participants in the Bitcoin protocol, and the shared ledger is updated once again.
As Bitcoin’s price rises, the block reward becomes increasingly more attractive. This incentivizes more miners to join in the competition to mine for blocks. In return, the more miners there are in the system, the more secure the network is. In addition, the increased competition also means miners are continually investing in newer hardware to ensure their computing power remains relevant for the fight for block rewards.
What Is a Bitcoin Halving?
To ensure that the value of Bitcoin is not compromised by an infinite supply, Satoshi Nakamoto wrote in a “halving event” that happens every 210,000 blocks. When Bitcoin’s network first began, Bitcoin’s block reward was 50 BTC per block mined. This was halved in 2012, at block #210,000, where the block reward became 25 BTC. The second halving was in 2016, at block #420,000, and the block reward became 12.5 BTC.
This process will continue every 210,000 blocks, until the total supply of BTC (21 million BTC) has been reached. It is estimated that the final block reward will be paid in 2140! For more information on the Bitcoin halving, check out our Bitcoin Halving page.
How Can I Store my Bitcoin?
There are many different ways of storing your Bitcoin – here’s just a few:
Keep it on a Bitcoin exchange
There are many Bitcoin different exchanges all over the world. All of these exchanges allow you to sell Bitcoin for other cryptocurrencies (altcoins) or government currencies (USD, EUR, GBP etc.) At the same time, these Bitcoin exchanges allow you to store your BTC with them, which means that the burden of keeping it safe is on them. Do note that incidents have occurred when exchanges have been hacked or lost their customers’ BTC, so do your own research when you’re looking for an exchange that’s safe to hold your cryptoassets. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab.
Keep it in a Bitcoin wallet
Instead of keeping it on a Bitcoin exchange, you could keep your Bitcoin in a Bitcoin wallet instead. Wallets come in two forms — hot and cold. Hot wallets are software that stays connected to the internet, aka storing your Bitcoin online. It is more convenient to transact via a hot wallet, but they logically are more susceptible to being attacked, as they stay connected to the internet.
Cold wallets are wallets that are not “online.” They are less prone to attack, as hackers cannot access this type of cold storage via the internet, but they are also a lot less convenient for the user as they may be cost-prohibitive and require more technical understanding to operate. Examples of cold wallets are hardware wallets and paper wallets.
24 Hour Volume
All Time High
$20,089.00 USD (Dec 17, 2017)
All Time Low
$65.53 USD (Jul 05, 2013)
52 Week High / Low
$12,034.14 USD / $4,106.98 USD
90 Day High / Low
$12,034.14 USD / $8,569.64 USD
30 Day High / Low
$12,034.14 USD / $9,088.95 USD
7 Day High / Low
$11,902.34 USD / $11,012.41 USD
24 Hour High / Low
$11,806.06 USD / $11,649.48 USD
Yesterday’s High / Low
$11,800.06 USD / $11,558.43 USD
Yesterday’s Open / Close
$11,604.55 USD / $11,754.05 USD
$149.49 USD (1.29%)
Note: That the bitcoin statistics table is at 09/08/2020
The history, legality, and mining of Bitcoin in the U.S.A has been since its development. It has not always been considered as a legal currency, but its decentralized nature made it difficult for the government and financial regulators to control its use.
Bitcoin exists in a deregulated marketplace, hence there is no centralized issuing authority. Bitcoin addresses do not require Social Security Numbers (SSNs) or other personal information like standard bank accounts in the United States.
There are three major events that define Bitcoin’s history in the U.S:
The first event is the U.S. Treasury’s classification of Bitcoin, as a decentralized and convertible virtual currency. This classification came in 2013, five years after the unveiling of the cryptocurrency. It paved the way for the legalization and general acceptance of Bitcoin in the country.
The 2013 classification was followed by another classification in 2015, this time by the Commodity Futures Trading Commission (CFTC). This commission officially classified Bitcoin as a commodity towards the end of 2015 – this classification meant that Bitcoin would be liable to taxation by the Internal Revenue Service as it was categorized as property.
The third significant event in Bitcoin’s history in the U.S.A. came in 2016 when a federal judge ruled that the virtual currency is money just like any fiat currency. This came following the prosecution of Anthony Murgio, who was accused of running an unlicensed Bitcoin exchange platform. U.S. District Judge Alison Nathan ruled that Bitcoin qualifies as money citing a similar ruling earlier in 2014 by U.S. District Judge Jed Rakoff.
Over the years, Bitcoin has become more entrenched in the U.S., and its adoption is still ongoing. Various types of cryptocurrency exchange platforms have thus emerged and their classification can be based on the users’ short, medium, or long-term Bitcoin goals. Below are examples of some current cryptocurrency user’s goal:
Long term goal tailored to just bitcoin
Buying several other cryptocurrencies
Long term trading goals
Buying and storing of cryptocurrencies
What should users’ consider when buying Bitcoin from the U.S?
A few factors are essential to consider when trading cryptocurrency:
Ease of Use
How do users get the best of a Bitcoin Wallet?
Your bitcoin wallet should have one or all of the following features:
High liquidity and buying Limits
Perfect pricing system
Support for many countries and region
How can you buy Bitcoin from the U.S?
Use of debit or credit cards
One of the trusted bitcoin platform and prides itself as the fastest and easiest way to buy Bitcoin in the U.S – Coinbase help make buying bitcoins easy from the U.S. Coinbase is NOT a wallet, you can use the platform to buy Bitcoin (BTC). You need a Wallet like Flowtunz Wallet where you can store, fix, send, and receive your Bitcoin to when you get them out of Coinbase after buying.
Sign up today for a FlowtunzWallet to helps keep all your bitcoin from the U.S. in one place, allowing you to take full control of your bitcoin by storing them on your own digital wallet. The Flowtunz Wallet is a multi-coin support wallet that allows for easy sending and receiving of Bitcoin from any part of the world.
Flowtunz is known for the following
Reliable and trusted broker
The easiest and most secured cryptocurrency Wallet
Gift cards are seen by some as a lazy gift, suggesting that not much thought went into the gift selection. Others, though, welcome the gift-card solution to a holiday shopping list — and are happy to receive them, too.
Gift cards have become widespread in recent years, and you probably have some in your possession already. Whether you’re buying and/or receiving gift cards, though, there are a bunch of rather important things to know about them. The more you know, the fewer headaches you’ll experience. See which of the following gift card facts surprise you — and which ones will save you some money.
1. Gift cards are big business
For starters, understand just how big the gift-card market is. The National Retail Federation has estimated that gift card spending will total $27.6 billion this holiday season and that those buying cards will buy about four cards each, with an average value of $45.
That’s just for the holiday season. Gift cards are also bought for other occasions, such as birthdays, and the total spending over the year is estimated at around $160 billion for 2018, up from nearly $100 billion in 2011.
2. Lots of people want gift cards
While you might think that buying someone a gift card is a bit of a cop-out when it comes to finding a perfect gift, the truth is that many people like and want them as gifts. Fully 61% of folks will be asking for a gift card this year, per a survey by Prosper Insights & Analytics.
That’s not a new development, either: Gift cards are the most popular entry on holiday gift wish lists this year, according to the National Retail Federation and Prosper Insights & Analytics — and for the 12th year in a row!
3. Lots of people will be buying gift cards this holiday season
Not only are many millions hoping for gift cards, but many millions will also be receiving them: According to that same survey conducted by Prosper Insights & Analytics, 59% of survey respondents said they will be purchasing gift cards for their loved ones this year.
There are more kinds of gift cards than you can imagine, too — covering everything from favored clothing retailers to drugstores, bookstores, restaurants, outdoor gear stores, sporting goods stores, department stores, craft stores, pizza vendors, music streaming services, video streaming services, and much more. Whatever your loved ones like, there are probably a bunch of cards that might suit them.
4. Lots of Gift cards go unused every year
About 90% of gift cards get put to use quickly, within 60 days of being received. What about the other 10%? Well, some of those cards are used later, of course, but a whole lot of them end up never used. Roughly $1 billion worth of gift cards goes unused each year, per CEB TowerGroup.
You might think that stores like it when you don’t use their gift cards. Well, there is definitely an upside to that, but retailers actually win no matter what people do with their gift cards. If a $50 card is unused, that’s $50 worth of merchandise or services that doesn’t have to be provided. If $45 of a $50 gift card is used, there’s $5 in value that various parties can profit from. And even if the entire card is used, there’s a good chance that the total bill will be for more than $50 and that the shopper is spending more than they otherwise would have with the retailer. About 72% of gift-card users spend more than the card’s value when using the card.
5. Gift cards can expire — but not within five years
Many people have learned the hard way that gift cards can expire. The Credit CARD Act of 2009 limited the aggravation that consumers experience by requiring most gift cards do not expire until five years beyond the date the card was purchased or the date on which funds were last added to the card.
Don’t let a gift card’s expiration date take you by surprise. If you’re giving a gift card, read the fine print first, to know the terms — and perhaps give the recipient a heads-up about the rules, too. If you’re the happy recipient of a gift card, if you’re not planning to use it soon, it’s smart to figure out when it expires or to make a point of using it within five years.