Crypto News and Investment

An Australian man has recounted his story to  local media  of losing what would today be more than a seven-figure dollar sum of bitcoin, stressing that such should serve as a warning against storing one’s bitcoin’s keys on a cheap storage device. Also Read:  Australian Tells Story of Throwing Away Hard Drive With 1400 Bitcoins Alex Mined Bitcoin in Late 2009 When Alex began mining bitcoin, he was doing so out of technological curiosity and did not think that bitcoin would see meteoric price gains. Alex recounts “In the tech community we didn’t think bitcoin would be that big,” stating that he “got into [mining] just for fun… It was just applying our PC hardware to a global network, something novel. In the early days of GPU [graphics processing unit] mining, a single card could mine quite a few coins per day.” Alex chose to store his wallet file on his USB stick, and did not think about his bitcoins until discovering that the price had reached nearly $1000 USD ...

There is often public misconception that Bitcoin is mostly used by criminals, but nothing could be further from the truth. This is mainly because many people think Bitcoin is anonymous, when in fact it’s the opposite - all Bitcoin transactions are transparent for the whole world to see. People might not be able to link the identity to Bitcoin right away (that is also why it is sometimes called ‘pseudo anonymous’), but once they do, they can track everything you’ve ever done on the Bitcoin network. This makes it a particularly bad tool for illicit use. While Bitcoin might actually turn out to be one of the safest and least ‘bad’ ways to use money, it doesn’t mean that criminals don’t use it. Just like normal money, they do. But there are two important things to note - firstly, that as more data becomes available in the industry, the more it is becoming clear the number of bad uses is very, very minute - if the entire Bitcoin ecosystem is represented by a big mountain, the size of...

Many people wonder how the price of Bitcoin is calculated, but it’s important to remember that it works no different than it would with other currencies or objects. Let’s first look at how the prices of most things are derived - we can use oranges as an example. What is the price of an orange? Well, it depends. As a starting point, one would derive the price of an orange based on two things: how much someone is trying to sell it for, and how much another person is trying to buy it for. If John wants to sell it for USD2.50 and Sarah is only prepared to pay USD2.00, there is no deal. But if they agree on a price that works for both, let’s say USD2.25, then the transaction will happen. If it’s winter there might be more people wanting to buy oranges, so the price will go up. Or if there is a drought the supply of oranges will become less, so more people are trying to buy less oranges, which can also drive the price up. Bitcoin and other currencies are a bit different from oranges ...

The positive Bitcoin price momentum is still in place as we speak. Thanks to some strong gains over the past few days, we are looking at a Bitcoin price of over $11,800 right now. It is only a matter of time until this value surpasses $12,000, which would send some shockwaves throughout the financial sector. The world’s leading cryptocurrency is not done just yet, that much is evident. Things have been especially interesting over the past 24 hours, with a near $1,000 gain across all exchanges. This growth is nothing short of remarkable and astonishing, although it may very well be just the beginning for Bitcoin. Some experts predict a Bitcoin price of around $40,000 - $100,000 by late 2018. source:  themerkle.com True be told, invest early to this great opportunity to reap the reward later. Start your investment now as an early bird. Register through this link to get 10% your money back

This is the best opportunity a man could get if he start investing now as more forecast it could go up as high as $100,000 by the end of 2018. According to an article on  Cointelegraph , Bitcoin will continue to soar high as much as $100, 000. His own words: “Bitcoin will dominate and lead crypto going forward. Hundreds of obituaries have been written about Bitcoin and none of them have come true and none will. Fact is, Bitcoin is a gift from God to help humanity sort out the mess it has made with its money.” Invest in it now to be sure of a happy reward. You can invest in as little as $100 and watch as your investment grows, but mind you, a good investment with a profitable returns takes time. So only those who have patience are to invest.