Top 5 Best Cryptocurrency Wallets

Are you investing in cryptocurrencies? 

If so, what wallets are you using? Which ones do you rate?

Check out the top 5 in this video!

My Top 3 Cryptocurrencies for 2018

What are the top 3 cryptocurrencies you're gunning for in 2018? 

Which ones do you think will shoot to the moon?

Which ones do you think will plummet to zero?

Andreas M. Antonopoulos Educates Senate of Canada About Bitcoin (Oct 8,...

More Andreas!!!

Background on the “Study on the use of digital currency”:

In Canada, the public debate surrounding Bitcoin and cryptocurrencies is currently being formalized as the official “Study on the use of digital currency”, a consultative exercise conducted at the initiative of the Senate of Canada’s Banking, Trade and Commerce committee.

Although the Senate of Canada exerts less authority than the House of Commons, its standing committees have proven to be an influential source of expertise and opinion. It also enjoys considerable international attention: according to Stuart Hoegner, general counsel at the Bitcoin Alliance, “no other parliamentary body in the world has publicly canvassed the breadth of materials and opinion that this committee has”.

Andreas Antonopoulos - The Death of Money - PART 1/2 | London Real

The death of money? Andreas Antonopoulos is one of the World's leading experts on cryptocurrencies and has been living using Bitcoin for the last 3 years. 

Are we standing at the dawn of a new age? Is this THE biggest financial paradigm shift the World has seen since the introduction of the Gold Standard?

Check out Part1 of 2 NOW!

The Best Documentary Ever - The Bitcoin Phenomenon

What on Earth is Bitcoin anyway? How does it work? 

Is it really worth anything?

Are people investing, or gambling?

Over 1 million people answered these questions by watching this documentary - check it out and let us know what you think!

How the Bitcoin Bubble Will Pop

Do you think Bitcoin is a bubble? When do you think it'll pop?

Cryptocurrency Mining Hardware Guide - Ethereum + Siacoin

Cryptocoin mining is back in the spotlight - but before you jump into building your own mining rig, let us give you some advice.

Do you mine?

Do you want to mine?

What's holding you back?

Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco

Blockchain is quite literally changing the face of the World as we know it - so many different applications beyond digital assets and finance with Ethereum's Smart Contracts and loads of other great technology that's currently being developed!

How do you think blockchain technology will affect you in the next decade?

Buying Into Bitcoins

With the 21st century demand for quick and big profits, one of the most controversial new investment vehicles has been Bitcoins, the virtual currency. It's gained controversy partly because of its volatility, partly through the instability of Bitcoin exchanges and partly because their in-traceability meant they were a favored payment method for criminals.

Things are changing and after a particularly volatile spell in which one of the main exchanges, MtGox, filed for bankruptcy, the currency seems to have settled into a more stable pattern allowing investors to be able to take a measured view of whether to risk their money in a currency that technically doesn't exist.

Volatility

Although Bitcoins are becoming increasingly popular, the market is still quite small, meaning that good and bad news can have a disproportionate effect on the price. The long term outlook for Bitcoins is potentially good, meaning that the upside on price is stronger than the potential for a decline over the long term. Most brokers recommend that you consider Bitcoin a medium to long term investment because of its volatility. Think of it in terms of real estate. No one buys and sells houses many times a day and there can be significant drops in property prices but the long term trend for property prices is usually up. The same can be said for Bitcoins. Whilst there is a significant daily trade in the currency, many Bitcoins are held as investments as analysts believe that it's likely the price of Bitcoins will rise long term because they are becoming more widely accepted.

Influencers

As with all financial instruments, prices are influenced by supply and demand. Bitcoins are no different but what has caused big fluctuations in price has been the unusual nature of the news that influenced the supply and demand:

• The bankruptcy of MtGox, one of the biggest Bitcoin exchanges

• The closing down of Silk Road which allegedly accepted Bitcoins for drug trading

• The disclosure by the US government that, despite the negative uses of Bitcoins, they believed that the currency had a future

• The media has also stirred up interest by reporting on milestones in the currency's rise and fall, trumpeting the rise to over $1000 and its subsequent plummet on bad publicity.

Generally the advice on investing in Bitcoins is to sit and watch the market for a couple of weeks to get an idea of how the currency trades, its volatility and trends. It's difficult to find rumor that hasn't instantly affected the value, so many suggest investing a small amount and simply watching for opportunities, a little like setting take profit levels with shares and Forex, you can do the same on Bitcoins; it's just a bit longer process and a little less automated.

Just like with any investment, the value can fall, and events like the collapse of MtGox and the closing down of Silk Road, negatively affected Bitcoins; not just because demand was reduced but also because Bitcoins were falsely linked with the companies by urban myth. The market seems to be becoming more regular, but not necessarily regulated, as more exchanges come online. Some of the exchanges will go the same way as MtGox but others will consolidate and become stronger and more reliable. No doubt official regulation will be applied to Bitcoins in due course at which time the volatility is likely to reduce.

Bitcoins represent an exciting and potentially lucrative medium to long term investment vehicle. Exciting because it hasn't yet been accepted into the mainstream of currencies or investment vehicles. One thing investors like about Bitcoins is their conviction to prospects as was in gold.

FXLORDS offers a full range of premium services such as Forex trading signals, Forex managed accounts and Forex training courses to give our clients the opportunity to benefit from day-to-day Forex market trading, and so, became one of the finest sources of financial services and information.

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Keep Track of Your Total Net Worth

Business and professional practice owners know they cannot effectively run their company without understanding its financial position. In the same way, when it comes to making a comprehensive wealth plan, they also need a framework to assess their overall financial status.

A "Life Balance Sheet"[1] provides a complete view of the owner's assets, liabilities and net-worth. Though similar to the more traditional balance sheet used to monitor their company, the Life Balance Sheet includes both real and implied assets and liabilities.

The left side of the sheet lists the owner's assets and includes the traditional financial assets (cash, stocks, bonds, alternative assets, etc.) and other tangible assets (real estate, precious metals, art collections, etc.). It also includes implied but expected assets.

Implied assets are non-liquid assets that are often non-tradable yet have value. In a previous article, this was referred to as, "Human Capital." Though often overlooked, Human Capital represents the present value of the owner's expected earnings.

Liabilities, on the right side of the sheet, should be viewed in the same manner. Mortgages, business loans and other debt secured by property are explicit liabilities. Additionally, business and practice owners should include their succession goals as an implied liability and career professionals and non-business owners will include the estimated costs of their retirement.

For example, if you want to maintain a certain standard of living after leaving your business or retiring from your career you are creating an implied liability that must be funded by the assets on the left side of the Life Balance Sheet. Aspirations to purchase a vacation home, start another business or fulfill a charitable commitment represent implied liabilities as well.

Think about a Balance Sheet with Assets Listed on the left side and Liabilities on the right. The combined assets include a house, retirement plans, and the family business. Taken together, these are worth $2,000,000. To this we are going to add $800,000, the amount of money the owner expects to earn as income from the business. This increases the value of the Total Assets to $2,800.000/

Under Liabilities we will list three common assets including a mortgage, college expenses and estimated retirement costs. These total $1,800,000. This leaves $1,000,000 as Discretioinary Wealth; an amount the person can use as he/she desires, but that will make a signiticant impact on their net worth, their retirement, even their legacy.

Using the Life Balance Sheet helps owners, professionals and others place a value (present value) on their implied assets (their projected earnings) as well as their implied liabilities (retirement and other costs). This information should cause owners to review all their tangible and real assets - including the value of their business - to make certain they are on track to meet their long-term goals.

[1] Wilcox, Jarrod, Jeffrey E. Horvitz and Dan diBartolomeo, 2006. Investment Management for Taxable Private Investors, Charlottsville, VA: Research Foundation of CFA Institute.

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Let Your Money Grow

There is one simple thing that separates the rich from the poor – this one principal is the reason the rich build more and more wealth, and the poor get even poorer, and traditional streams of education fail to teach our youngsters meaning most are faced with having to figure it out for themselves… and most never do.

But first, let’s look at defining the problem in simple terms so we’re all on the same page – what’s needed is some basic definitions of common terms that are often misunderstood.

One of those big problems we face as a society in this modern age is debt. More specifically – bad debt.

There are two types of debt you can have – good debt and bad debt. The difference? Well, the simple defining difference is that bad debt is credit you obtain and then use to purchase liabilities – or several liabilities. This could be taking out a loan for a new car, or purchasing this years holiday on your credit card. Good debt is credit that you leverage in order to purchase assets – this could be taking out a mortgage to purchase a rental property that’s going to return you a second, almost passive income.

The first thing we should probably clear up is the definition of an asset and a liability – they are not what most people think they are! For example, the house that you own and live in – is it a liability or an asset? Let’s make the assumption that you’ve been lucky to pay off your mortgage and you own it outright – how would you answer that question bearing that in mind?

Most people believe their home is an asset – especially if they have no mortgage on it. How can it be a liability when I haven’t got any credit to support it’s ownership and I have a store of value in the property’s equity? Well, according to Rich Dad Poor Dad, the simple definition of a liability is something that costs you money to own, and an asset is something that you own that provides an income over and above the expenses incurred to own it.

So, in the case of your house, unless you’re renting it out and making a profit, it’s a liability – it costs you money to own it and live there! You pay water and electricity bills to keep it operational, you pay council tax for the pleasure of it existing within a certain jurisdiction, and you probably pay insurance to protect the potential downside. If you’re not charging rent to someone to live there over and above YOUR costs then it’s costing you to own it. It’s worth mentioning also that if you rent it out but don’t make enough from the rent you’re charging to cover the expenses then it’s still a liability – the defining difference is whether it achieves positive cashflow or not.

Hold on, I hear you cry, but I don’t have a mortgage and I can sell my property for hundreds of thousands of pounds if I wanted to so it’s an asset because when I sell it I’ll make lots of money! Erm, not quite. You see, you only realise the paper value stored in a property like that once you sell it… and you can only sell it for what someone is prepared to pay. For example, you might have been unfortunate in a relationship and going through divorce where you need to sell quickly – you’re a highly motivated seller, and there are no buyers in the market for your type of property who are prepared to pay what you want to sell it for. All of a sudden, the value in your assets diminishes considerably simple because of someone else’s perception of value.. which could be drastically different to yours! You only realise the value in an asset like that at the point of sale, and there’s no guarantee you’ll find any buyers at the time you’re looking to sell, and there’s no guarantee that if you find a willing buyer that they’ll want to pay what you think it’s worth. This doesn’t sound like a very reliable asset to me – especially given the potential return can so easily change based on multiple variables that are completely out of your control. Yes – you might sell and make a profit, but you might equally have to sell at a loss, and you won’t know which it’s going to be until the point of sale.

Now that we’ve clearly defined good and bad credit, and the definition of an asset and a liability, let’s have a look at the key problem most people face when it comes to finances – financial education.

The one key difference between the rich and the poor is this; the rich know how to master their money and create assets that provide multiple streams of income – more simply, they understand the art and the science of putting their money to work in a way that means their money makes them more money without the controlling person having to exchange time for more money.

But this is exactly the opposite of what we’re taught in school, where the focus is on finding a skill, becoming qualified, and then finding a position where you can exchange your time for money for the rest of your life.

Okay, but what’s wrong with that?

Well, nothing if that approach aligns with your values and allows you to achieve your goals in life. However, the key limitation with this approach is this – you only have 24 hours in a day like everyone else, so what happens when you reach a point where you’re exchanging all those hours for an hourly wage? Well, when there’s no more hours in the day to exchange, you’re not only burnt out and unfulfilled because you have no time to direct towards the things you love in life (let’s face it, most people are far from doing a job they love), but you have now hit your earnings ceiling. How do you earn more when there’s no more time to exchange? This is the key limiting problem with this approach.

Yes, most of us will have to start with this inefficient exchange in order to generate our first income, but it’s what we do with the fruits of our labour that really defines where we’re going to mature into wealthy people or poor people. For those of us who have been lucky enough to have some financial education, we start to do things with our money that let it grow all on it’s own. For those who don’t, they spend all their spare money on holidays, new gadgets, and toys – aka liabilities!

This behaviour sends us into a downwards spiral that can be extremely difficult to get out of. You earn money, and use that money to buy liabilities. Those liabilities increase your monthly outgoings, meaning you have to exchange more time for money to increase your income so you can continue to service the new liabilities you have purchased. You increase your income further so you again have some surplus (but you’re now working 12 hours days and barely seeing your family), and then you use that surplus to purchase more liabilities… and so the vicious cycle continues. Can you see now why this behaviour is so destructive to people’s finances? Can you see why we have such a problem with bad debt these days? All because financial education is considered unimportant by our educational institutions. This needs to change, and this change starts with you educating yourself, so you can go on to educate others and set the next generation up for greater levels of financial success.

So, how do the wealthy grow their money?

There are multiple strategies people use, but they can all be classed as one form of investment or another. You could invest in stocks and shares that not only appreciate in value but that pay you a dividend throughout the year whilst you own them. You could invest in the wild west market of crypto-currencies and benefit for the massive bullish gains we’ve seen in those markets in recent years (I was trading Bitcoin at $900 at the start of 2017, and it’s now broken right through $10,000 – all in under 12 months). You could put your money into cash-flowing investment properties, or you could either start your own business or invest in one.

There are so many strategies you can employ to make your money work for you, rather than you working for money. All it takes is the commitment to educate yourself in whatever vehicle you choose and get started.

I’ve written several blogs on trading and investing that you can find by searching those tags so please feel free to check those out to get some more information on these strategies – there’s also loads of great resources on-line, but there’s also a lot of shit. Be careful and do thorough research from reputable sources.

by Little Grey JK

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Bitcoin: How Cryptocurrencies Work

We love these videos from Sci Show - what a great bunch of guys and gals! This is an excellent video explaining what Bitcoin is, and how the World of cryptocurrencies actually works!

So many people are talking about Bitcoin at the moment with it's price rocketing through the stratosphere, but not many really understand what it is and how it works. Click play and educate yourself now so you can stay one step ahead of the masses in this exciting new World of digital assets!

Let us know below if this video has helped you master an understanding of Bitcoin and how it works - can you explain Bitcoin to us in one sentence? Leave yours below!

Cloud Mining Contracts - Are They A Good Investment?

As readers of my blog know, I will only promote products and/or services that I myself use or invest in. I wanted to provide an update to the cloud mining contracts that I recently purchased. Cloud mining works differently than traditional mining in that you do not purchase any hardware to do the mining for you. This means you do not incur large electricity costs associated with owning your own machine. It is all done by others and you are simply buying into a pool. When I started them on May 23rd I wasn't really too sure what to expect.

Since two weeks have passed I figured I have a good amount of data and info to provide a solid report. The first contract I started was with Hashing24. They only offer Bitcoin mining. The way it works with them is you buy whatever hashing power you want (for more on that see my post "mining"). They have plans that are as low as 100 GH/s and cost as little as $18. Because they offer indefinite contracts, you pay a small daily maintenance fee of $.033 per 100 GH/s.

The upside to Hashing24's model is that once you pay your upfront amount you can theoretically collect daily payments forever. In that manner it is similar to buying an immediate annuity.

In the interest of full disclosure I purchased 4500 GH/s ($800). After the daily fees are subtracted and, depending on the value of Bitcoin, I make around $7 per day. If we extrapolate that out it would be about $210 per month with a break even point of just over four months. That's not too bad an investment because everything after month four would be pure profit. One thing to also keep in mind is that the mining difficulty will increase in the future which will eat into your profits.

On May 25th I decided I wanted to start a contract to mine Ethereum. The Ethereum blockchain technology is being embraced by all the major crypto companies and I actually believe that it will one day pass the value of Bitcoin. It currently about half its size with a market cap of $20,505,000,000 compared to Bitcoin's $41,888,000,000.

I purchased my Ethereum cloud mining contracts through Hashflare.io. At first I purchased 35MH/s and later to decided to add another 15MH/s. The contracts are for one year. Hashflare also allows you to change the percentage of hash power you want in each pool. If you see one pool performing better, you can put a higher percentage into that one.

The cost for 50MH/s was $1,090, but I got more bang for my buck because I paid in Bitcoins and the value of my Bitcoin purchase appreciated. This meant that my Bitcoins went further and, in reality, effectively cost me around $900. Let's go conservative and take the higher amount of $1,090.

The calculator on their site predicts that at the current price of Ethereum ($223) I would make $2,358 off my $1,090 investment. That kind of return makes it worth the risk to me.

Again, because I am a long term investor in both Bitcoin and Ethereum, I view this as a solid opportunity to diversify your portfolio and at the same time attempt to make some passive income. Keep in mind that cryptocurrencies are extremely volatile and that can wildly impact your potential profit. Do your homework first. If you are a long term investor in cryptocurrency, this appears to be a worthwhile play.

To learn more about mining and other information pertaining to digital currency, please visit my blog: http://www.learncryptoinvesting.com.

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What is Bitcoin Mining?

Did that help you understand how Bitcoin and other cryptocurrencies are mined? Is mining Bitcoin something that interests you after seeing this video?

It's a popular subject at the moment and everyone's talking about it - 4.8 million people have watched this video alone!

Post your thoughts in the comments section below!