Ever since their invention, Bitcoin and cryptocurrencies in general have been characterized by very sharp and amplified price movements. Both in the upward and the downward direction. This makes them extremely volatile assets. In this article I take a look at the downsides to Bitcoin and cryptocurrency investing. Let me say first of all that […]
Tag Archives | Bitcoin
How to Get Started Investing in Bitcoin
Bitcoin is a form of digital money. You can use Bitcoin for transactions. You can use it as a store of value. And you can use it for investing and trading for profit. Bitcoin has been in existence now for over 10 years and the number of users is increasing. The price development of Bitcoin […]
Can You Really Make $5 Million in Five Years?
In my last article about Bitcoin I talked about how a $5000 cryptocurrency investment fund could increase in value over a period of 5 years to a sum of $5 million given a year-on-year fund compound value appreciation rate of 300% per annum. Such a rate of growth sounds incredible – and I made some […]
How To Make $5 Million Dollars In 5 Years
Can you turn an initial investment of $5,000 into $5 Million in just five years? Impossible, you might say. And I might have thought the same. But I’m going to explain why it’s not necessarily impossible. Let’s look at this idea in detail. How To Make $5 Million Dollars In 5 Years First of all, […]
How To Create The Ideal Cryptocurrency
The cryptocurrency Bitcoin is now 10 years old. Since the appearance of Bitcoin many other cryptocurrencies have emerged and the sector is an extremely lively one with a great deal of innovation and development going on. Bitcoin, the original cryptocurrency, meanwhile continues to trundle on in much the same old way. Some modifications have been […]
Top Ten Cryptocurrencies – Ripple (XRP)
XRP or Ripple as it’s also known was created with a different idea in mind to most cryptocurrencies. The aim of Ripple is to provide a service to the traditional banking sector by making global payment transfers much faster, easier and cheaper. XRP Ripple XRP Price: $0.46 Current Market Cap: $18.6bn (Data as at […]
Top Ten Cryptocurrencies – Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a competitor cryptocurrency to Bitcoin which emerged in 2017 from a fork of the original Bitcoin. BCH the fourth largest cryptocurrency by total market cap with a current valuation of around $7.5 billion US Dollars. Bitcoin Cash BCH Current Price: $437 Total Market Cap: $7.6 bn (Data as at […]
Top Ten Cryptocurrencies – Ethereum (ETH)
The blockchain cryptocurrency Ethereum is now three years old. Since it’s inception in 2015, the Ethereum network has now grown to become the second largest blockchain platform after Bitcoin in terms of total market capitalization. Ethererum was the brainchild of Vitalik Buterin, Gavin Wood, and several other developers, who conceived of a new kind of […]
Top Ten Cryptocurrencies – Bitcoin (BTC)
Practically everyone has now heard of Bitcoin. Bitcoin is the most popular cryptocurrency of all and the one that first comes to mind for the vast majority of people. But there now many other digital currencies besides Bitcoin which are gaining in popularity among users, traders and investors. Some of these are currencies for conducting […]
Crypto Review 5 Sept 2018: Heavy BTC Falls
Well yesterday 5 September 2018 we suddenly saw a substantial fall in the BTC price out of the blue from around $7400 down to around $6400. There were three main moves involved in this. The first happened over 2 hours from $7400 to $7000. Then over the following 8 hours came a further fall, from […]
CoinGecko Cryptocurrency Market Review for Second Quarter 2018
You’ve probably noticed it’s been some months since I’ve posted anything on the cryptocurrency theme. I was producing monthly market reviews last year but so much has been happening for me personally and in business this year that I haven’t been able to keep this up. I want to get back into posting on a […]
Bitcoin & Cryptocurrency Market Review For November – December 2017
This has been an eventful month in the Bitcoin and cryptocurrency space. We’ve seen massive value appreciation for Bitcoin, with the BTC price almost trebling over a six-week period from November 1. Bitcoin & Cryptocurrency Market Review For November – December 2017 December was the month the two large Chicago-based futures markets Cboe and […]
Bitcoin & Cryptocurrency Market Review For October – November 2017
Bitcoin good, altcoins bad. Bitcoin price sees big rises, while altcoins continue their fall to ever lower levels. Bitcoin & Cryptocurrency Market Review For October – November 2017 Bitcoin has risen by some 47% in price throughout October to 1 November 2017 At the beginning of November, BTC price stood at 6517 USD. The last […]
Bitcoin & Cryptocurrency Market Review – September-October 2017
September 2017 has been a turbulent month for cryptocurrencies. Bitcoin started the month at around $4600. The question was whether the substantial growth achieved during August would be maintained through September. As it turned out, the August bull run turned out to be at an end. A lower support level for the first two weeks […]
Bitcoin & Cryptocurrency Market Review For August-September 2017
August 2017 has been a great month for Bitcoin, but a mixed month for much of the Altcoin sector. Bitcoin & Cryptocurrency Market Review For August-September 2017 Bitcoin started the month at around $2750. In the last week of August it peaked at over $4900 and by the end of the month BTC finished at […]
Bitcoin & Cryptocurrency Review July-August 2017
Well it’s been a heck of a month with so much going on in the cryptocurrency space. I’ve been extra busy with trading and other activities so this review will have to be somewhat shorter than I would have liked. Bitcoin & Cryptocurrency Review July-August 2017 So what’s been happening in the cryptocurrency space… First […]
Bitcoin & Cryptocurrency Review June-July 2017
June 2017 has been a turbulent month on the cryptocurrency markets. Strong growth at the start of the month for both Bitcoin and Altcoins, followed by subsequent fall backs and declines in market value towards and beyond the end of June. Bitcoin & Cryptocurrency Review June-July 2017 Here are the key features of the Bitcoin […]
Bitcoin and Cryptocurrency Markets Review May 2017
May was a mixed month on the Bitcoin and cryptocurrency markets. We saw strong volatility in the altcoin sector, with many coins seeing heavy falls, combined with firm upward price rises for Bitcoin. It’s times like this when you appreciate the benefit of maintaining a hedge fund split between Bitcoin and altcoins. Bitcoin and Cryptocurrency […]
Top Altcoin Performers For 1st Quarter 2017
I’ve compiled a list of some of the top altcoin performers for 1st Quarter 2017 by price increase. These are all coins that the fund has either been invested in during the period 1 January 2017 to 31 March 2017 or is currently actively holding in the portfolio. The overall average value appreciation for the […]
Digital Currency Trading Results At End April 2017
April has been a disappointing month overall for digital currency trading. The portfolio hasn’t achieved the results on the scale we saw over the previous few months. Nonetheless, we’ve still clocked up a solid amount of value growth in fiat currency terms. Digital Currency Trading Results At End April 2017 So what happened in April? […]