Times are a Changing, Now that Wall Street is Warming Up To Cryptocurrencies

The NYT are Reporting and People are Listening. 

We Know there is a shift when The New York Times releases a Breaking News stating that Wall Street is warming up to Virtual Currencies.  Financial Guru's have been speculating that Bitcoin can go up to 1 million dollars by 2020. By the looks of this article, they may not be so far off.

https://www.nytimes.com/2018/05/07/technology/bitcoin-new-york-stock-exchange.html


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The Yearly Pattern Shows Why Bitcoin is Not Finished

Bitcoin & Cryptocurrencies are definitely down, but this won't last for long. A small investment will still translate into a nice sum in one year.

People think Bitcoin is dead and was just a Fad...

This Yearly Pattern Shows Why One Small Investment Can Translate Into A Nice Sum In One Year

  • 2010 cost $ 0.003
  • 2011 cost $ 1.00
  • 2012 cost $ 5.00
  • 2013 cost $ 80.00
  • 2014 cost $ 250.00
  • 2015 cost $400.00
  • 2016 cost $600.00
  • 2017 cost $ 900.00
  • 2018 cost $8,500

What is so great about this pattern?

This Yearly pattern shows you why your money will still Grow even with a small investment.

We can look at this yearly pattern where the pendulum has significantly swung each year since 2010.

 We see that the pendulum will never go below the previous year. This means, that right now, you have an opportunity to make a nice profit.

Therefore, we see that even with the significant downturns, bitcoin never drops below where it was one year ago.

 When Bitcoin prices dip, it means it is a great time to buy!

Invest a bit now, and there is a very strong chance that amount will go up 1000%. If you invest $100.00 in one year, it can easily add up to $1000.00

This small investment, can translate into a really nice sum in one year. 

Bitcoin and other cryptocurrencies will continue to have large swings.

People will continue to think this is just another Fad which had its time.

Yet, people will be kicking themselves later on when Bitcoin goes up significantly and becomes a consistent method of payment. 

If you want to invest your first 100.00 in Bitcoin and receive 10.00 of Free Bitcoin ​​

​​https://www.coinbase.com/join/5a20976d273d8800e757adb6​​​

reference: https://www.statista.com/chart/10745/bitcoin-vs-gold-price/

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Honestly, I Have No Idea What Bitcoin & Cryptocurrencies Are


What Is Bitcoin?

We keep hearing about Bitcoin and Cryptocurrencies, but before we understand how to buy them, it’s important to have a bit of a foundation of what these strange digital currencies are.

Bitcoin needs to be separated into two different components. 

Bitcoin-the-token, is a small piece of code that represents ownership of a digital concept similar to a virtual IOU.  Then you have bitcoin-the-protocol, an extensive network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.”

The Bitcoin system enables payments to be sent between individuals without passing through a bank or payment gateway and it is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using free software.

Bitcoin was the first system to fall into the framework of cryptocurrencies; it has similar characteristics of traditional currencies, and is verified through cryptography.

Blockchain is the Technology Behind Bitcoin and Cryptocurrencies

Blockchain was developed by a person or group of people under the pseudonym Satoshi Nakamoto.

Blockchain allows digital information to be distributed, but Not copied. Blockchain was initially created for Bitcoin, but now it’s purpose has greatly expanded.

Blockchain is like a spreadsheet which has been replicated thousands upon thousands of times across a network.  The network then has the capability to consistently update the spreadsheet. The spreadsheets are not headquartered and are public.

Blockchain is as strong as the internet. It is not controlled by one person. The underlying concept of blockchain is solid, the hacking and other issues has had to do with human error. Hence why we now discuss Cryptocurrencies

What are Cryptocurrencies?

A Cryptocurrency is a virtual or digital currency.

All Cryptocurrencies are intentionally designed to solve problems. They use cryptography like Bitcoin to secure transactions.

Only crypto miners can solve cryptocurrency intricacies and once they are solved they are distributed across the network.

Cryptocurrencies allow you to purchase goods, send money instantly without having to go through a third party and work on issues such as security. There are many cryptocurrencies, but we will look at the valuable ones.

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