Bitcoin's price increase from $7,200 to $9,600 over the last month. Despite cryptocurrencies making some people wealthy, many financial gurus and professionals warn investors to stay away from digital currencies. Jordan Belfort, the infamous Wolf of Wall Street says that "it's the biggest scam ever, such a huge, gigantic scam that's going to blow up in so many people's faces. … [Read more...]
Why Luxury Homes Are Going Up For Sale in Bitcoin
Bitcoin is becoming increasingly accepted by those looking to drum up interest for their homes and properties, as the market of Bitcoin millionaires is still largely untapped. As more luxury properties exchange hands with Bitcoin as the unit of payment, it’s become clear that buyers and sellers should be aware of the potential which cryptocurrency offers in terms of price … [Read more...]
Why Bitcoin is Not a Real Currency
There are approximately 1,500 different cryptocurrencies on the market right now for trading with a combined market capitalization of $560 billion. BTC makes up a large portion of that value, about 35%. The problem with labeling cryptos as currencies is that they are not actually currencies in the traditional sense. They function more like digital assets for people to trade. … [Read more...]
Which Cryptocurrency to Buy: Top Three Bitcoin Alternatives
Look around online and you’ll find all kinds of advice about picking altcoins to invest in. But, to choose the coin that is worth your investment, you need to ask some questions about what it is you want from a cryptocurrency.Are you seeking a stable project that could produce decent gains on your investment with the lowest chance of failure? Or, are you hoping to put a … [Read more...]
Why Bitcoin is Not A Form of Money
The Purpose of Money Money has been around for as long as human civilization. The purpose of money is to facilitate three primary functions.Medium of exchange Store of value Unit of accountCryptocurrencies such as Bitcoin do not currently exhibit any of these qualities. It had initially been a medium of exchange when early adopters used it to trade goods and … [Read more...]
