The intrinsic value of bitcoin, why bitcoin makes sense
Why we can believe that bitcoin still has a future: 3. 1 Bitcoin as a store of value I’ll start off a little bit broadly. The world’s monetary system is built on people’s confidence that the money they have in their bank accounts is really theirs and that it is liquid. But this confidence is […]
When to invest in bitcoin and other cryptocurrencies?
Věřím tomu, že pozdě nebude nikdy. Respektive v případě Bitcoinu je lepší pozdě než později. Vždy, když jsem si řekl, že to smysl nemá a že je Bitcoin mrtvý, následně jsem se probral, když se jeho hodnota znásobila. Čtyřikrát jsem zopakoval tu stejnou chybu nevěřil jsem a plácal jsem se do hrudi, když cena padala a […]
What is the blockchain (BTC)
Simply put, a ledger that keeps track of all bitcoins and their movements. All movements can be traced back and everyone has access to them. So it’s an open ledger. At the same time, then, it is the most powerful computer in the world It is estimated that in order to surpass the computing power […]
What is Bitcoin and why is it fine
Bitcoin was founded in 2008 by an anonymous creator, or creators under the pseudonym Satoshi Nakamoto. Bitcoin cannot be fully explained. It relies on game theory and cooperation to ensure it works. Nowhere else but in BTC is cooperation probably not so advantageous. The price of Bitcoin, as in the principle of everything, is driven by supply and demand. Nothing […]
How to safely get bitcoin and other cryptocurrencies
6.1 Stock Purchase The first and easiest way to acquire cryptocurrencies is to buy on an exchange. There are hundreds of exchanges, and not all of them are safe and transparent. Exchanges have several advantages and disadvantages. Advantages: Ease of purchase. Free first deposit when using a referal crypto code (for most exchanges). Disadvantages: Loss of […]
Where to store cryptocurrencies
8.1 Cryptocurrency exchanges Holding your cryptocurrencies on an exchange for the long term is probably the worst of all options. Personally, I only hold smaller assets of cryptocurrencies on exchanges. Most crypto exchanges have been robbed in the past, and countries like North Korea are working hard to repeat that. So if your bitcoin disappears, […]
Where to store cryptocurrency
8.1 Storms Holding your cryptocurrencies on an exchange for the long term is probably the worst of all options. Personally, I only hold smaller assets of cryptocurrencies on exchanges. Most crypto exchanges have been robbed in the past, and countries like North Korea are working hard to repeat that. So if your bitcoin disappears, for […]
Where to store cryptocurrencies
8.1 Storms Holding your cryptocurrencies on an exchange for the long term is probably the worst of all options. Personally, I only hold smaller assets of cryptocurrencies on exchanges. Most crypto exchanges have been robbed in the past, and countries like North Korea are working hard to repeat that. So if your bitcoin disappears, for […]
Where to buy or sell Chiacoin
Although the Chia coin is a very popular coin, rising from 3000th place to 114th place on Coinmarketcap within the first 3 weeks of its launch, it is still not traded on the most popular exchanges in the CZ/SK. Therefore, we have only a few options where to buy or sell Chia coin. Hopefully this […]
Mining Bitcoin at home?
The real mining of BTC is currently done on specialized computers called ASIC miners. However, these are constantly evolving, and with each new generation, older machines are essentially just becoming expensive miners. It’s possible that with the advent of 5nm technology, the jumps in performance won’t be as high, but I definitely don’t recommend it for […]
