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Bitcoin has just reached a record, will it continue to grow?

The news that the value of Bitcoin jumped to a new record level of all time and reached the figure of more than 40,000 dollars for the average Internet user was probably not overly exciting.

However, for those who have already “dug up” their coins, the price of cryptocurrency, which has reached its historical maximum, is certainly a great start to 2021.

The value of Bitcoin has been growing since 2017, when it was worth less than $1,000. The current jump began in October, as PayPal launched a service to buy, sell and pay with that cryptocurrency.

U.S. analysts believe that traditional investors have just started using Bitcoin, and reputable Wall Street analysts have begun to follow the exchange rate of this cryptocurrency.

The growth of Bitcoin, in all likelihood, will not end at this figure.

Bloomberg reported the report of JP Morgan analyst, which states that the most important cryptocurrency could reach the level of 146,000 US dollars because it competes with gold as an “alternative” currency.

It will certainly be a multi-year process, which proves that investing in this cryptocurrency should be viewed as a long-term investment.

Crazy bitcoin ride

From the very beginning, the Bitcoin exchange rate is subject to large oscillations.

First, there were ups and downs of several tens of euros, and soon it started to be hundreds and thousands of euros.

The cryptocurrency industry suffered a strong blow when in 2018, the price of one Bitcoin dropped from almost 20,000 dollars to only 4,000. At the beginning of May of the same 2019, the price rose to just over 5,300.

The New York Times wrote in 2019 that this proves the difficulties that Bitcoin faces on its way from the periphery of the Internet to the mainstream, despite Wall Street entering the market that was supposed to bring legitimacy.

However, the year 2019 ended in a conciliatory note for Bitcoin investors, despite the fall in prices since the summer, and 2020 ended with a historic price.

The fluctuating value illustrates nothing better than stories like the legendary one about a man who bought a pizza for 10,000 BTC(which was $30 at the time), and today’s value of 10,000 Bitcoins is more than $80 million.

The same basket includes the story of a reporter who paid for a dinner of 10 Bitcoins in a restaurant in 2013, which was about a thousand dollars at the time.

The owner kept the Bitcoins, which are worth much, much more today.

Uncertain elections – uncertain stock market

Even before the election year, it was assumed that the presidential elections in America would play a significant role in the value of Bitcoin.

Analysts predicted that investments in cryptocurrency would increase due to the uncertain election result, which also means turbulence on the stock market.

It is also possible that this is a growth in demand, and certainly PayPal has played an important role as a payment services giant that has accepted digital currencies as a means of payment and marked a step towards the commercial use of cryptocurrencies.

PayPal users in the US will in future be able to buy, sell and store Bitcoin through the platform, the US company announced in October.

And from the beginning of this year, payments via cryptocurrencies will also be enabled in retail via PayPal.

Some experts believe that the fact that a large number of young people entered the market and started trading Bitcoin in the past year also played an important role.

“The Economist” writes that the jump in value definitely has to do with the entry of big players from Wall Street, although the cryptocurrency market is still prone to large oscillations.

This would partly solve market regulation. An important signal in that direction is the European Commission’s proposal from September last year for common, unified rules that could enter into force at the end of 2022 and thus create security for investors.

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Will crypto ever be safe? New hack and big problems for Cover Protocol investors

We already wrote about some of the biggest hacks in the industry. Unfortunately, the new DeFi protocols aren’t immune to hacks either.

On Monday 28th of December, a new hack have happened, essentially exploiting the system vulnerability, printing nearly infinite amount of COVER Protocol tokens and selling them for around 5 million dollars.

While there are news saying this was done by a white hat hacker called “Grape.Finance” and the money was returned to the system- the damage was already done.

On Monday morning, the price of COVER was $851, but on the same day after the hack it dropped to a miserable $17.41.

Needless to say, this hack have “killed” most investors that believed in COVER.

While DeFi projects are very interesting, and obviously very lucrative since their invention, things like this may push investors out.

This is why you should always diversify, especially in highly volatile markets, which the crypto market definitely is.

Possible new token and exchanges block

The team behind COVER thinks about using a snapshot taken before the hack, which should bring all balances back to normal, but based on the current price action, no action in this world can bring COVER back to its previous track.

The above is also backed up by the fact that major crypto exchanges are disabling COVER trading and deposits, leaving only withdraws as an option(like you’d like to withdraw a token that fallen 40x).

If you were the unfortunate owner of COVER there’s probably not much to do but wait. Hopefully, you didn’t invest a large portion of your capital into it. We’ll all anyway keep a look on how COVER stuff will try to handle this situation.

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Elon Musk’s decision to include Bitcoins in Tesla’s balance sheet

To what extent does the entry of large companies into the crypto market affect the growth of cryptocurrencies?

Bitcoin cryptocurrency continues to grow. Over the past week alone, the value of the digital currency has risen from below $20,000 for one Bitcoin to about $24,000 for one Bitcoin, an increase of about 20 percent.

Whether it is about inflating a bubble that will sooner or later burst or about the real growth of cryptocurrency, there are different opinions.

The fact that cryptocurrencies are increasingly appearing in large companies as a means of payment supports the fact that these are real investments.

Also, if we keep in mind that many companies are broadcasting or are preparing to broadcast their cryptocurrencies, as Facebook works on the crypto currency Libra, it also shows that these are real investments. Certainly there are speculative transactions and they contribute to the growth of the value of cryptocurrencies, but not to the extent that is assumed.

Tesla is an American company for electric vehicles and clean energy based in Palo Alto, California. It is named after the celebrated great scientist Nikola Tesla and primarily produces electric cars, advanced batteries for energy storage, solar panels and similar products and services.

Through its actions, it greatly contributes to the preservation of the environment by using renewable energy sources and preventing the ecological catastrophe to which humanity is rushing.

The company was founded in 2003 as “Tesla Motors”, while later it changed its name only to “Tesla”. The chairman of the board is Elon Musk, who personally invested about $6.5 million in the company. This year, 2020, the factory has exceeded the limit of one million electric cars produced, which is a great success. It is obvious that this is a serious world-class company.

Elon Musk recently stated that it will include Bitcoin in the company’s balance sheet, as a special item. If we keep in mind the fact that Elon Musk is an entrepreneur whose assets are measured in billions of US dollars and that he is one of the richest people in the world, the very idea of converting US dollars into Bitcoin caused a storm in the crypto market.

In addition to the company “Tesla”, Elon Musk is also the executive director of the company “SpaceX”, which gives additional weight to the mentioned decision to calculate and present a part of the company’s balance sheet in cryptocurrency. An important role in initiating the described activities was played by Michael Sailor, the executive director of the company “MicroStrategy”, who bought Bitcon in the crypto market for his company worth one billion US dollars.

As the price of Bitcoin has risen by 235 percent this year, it is becoming clear that companies are investing in cryptocurrencies to increase their own value.

Michael Sailor’s $500 million investment has doubled in the last few months and in addition, by selling the company’s bonds, he raised an additional $600 million to buy the next amount of Bitcoin. Due to all the described events, further growth of Bitcoin is expected in the next year.

The entry of large companies into the cryptocurrency market further strengthens the position of the crypto market because it testifies to the fact that real investments are made in cryptocurrencies and that their growth is not exclusively the result of speculative transactions.

Cryptocurrencies are there, and no one can deny their existence and growing influence. We will find out in the near future what the future will bring to us in the financial system.

Fighting Fraud in the Bitcoin Industry

BACKGROUND

Blockchain usage and applications increased exponentially in recent years and experts are also calling it to be the 4th industrial revolution. That’s pretty great! Right? But that’s not coming this easy. With more and more users and service providers there come more and more black sheeps, trying to sabotage the network for their own benefits and scamming users on the network.

FRAUDS

There have been seen some frauds that really trapped users and got them really bad damages. Some of them are,

Ponzi scheme

Ponzi scheme or more commonly pyramid scheme is one of the biggest monetary frauds schemes. It generates money for earlier investors from the later ones and the cycle goes on and on. This seems like affiliate marketing but in the end the later investors are on loss. To the investors it seems like the sales or operations are making the profit but lesser they know that only the new investors are generating the funds earlier ones.

Fake ICOs

ICO or initial coin offerings are a way for companies to generate capital. With the boom of blockchain more and more companies are offering ICOs and customers can now easily back their favourite businesses. But there are fake ICO websites of fraudulent companies that look really like the authentic ICOs and are looting innocent consumers.

Centra Tech for example, was sued in the US in 2017 for lying about their team, misleading investors and scamming them.

Exchange Scams

Despite being online there are many crypto coins run by exchanges and since there are no or less monitory bodies for crypto exchanges they are the best to loot people. They lure customers with their prices and profits and when they sign up to these exchanges they are left with nothing but regrets. In December 2017, there exposed a large number of such exchanges in South Korea and people were left with monetary loss only.

More disguised and almost clue less frauds are the mixture of multiple scams. Like for say, a fake ICO with a Ponzi scheme is going to damage more people and will be really hard to be found and avoided.

PREVENT FRAUDS

There are companies making the payment processing more secure, that result in less fraud chances and more user trust. One of such companies is CoinTandem, a subsidiary of Tech ViewOU run by Yotam NamirRobert Provorov, providing some of the best services for crypto trades. Some of which are,

Standalone Exchange

For every transaction on the platform, customers are required to use their authenticated bitcoin wallet, making the transactions more secure and traceable.

Enhanced KYC protocol

Their enhanced KYC (know your customer protocol) ensures top tier security. It checks and 100% clarifies who is using the system and asks for digital signature as proof.

No Cartels

They ensure that the buyer is not buying the coins as a face for some third party and is the sole owner of the wallet they are buying in.

First step to prevent frauds is to accept that cyber-crimes are crimes too. Guys at CoinTandem have realised this and are working with state-of-the-art fraud prevention technology and are acing it.
https://lp.cointandem.com/

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5 Biggest Thefts of Cryptocurrencies

One of the main causes of cryptocurrency instability is frequent hacker thefts, which are estimated at hundreds of millions of dollars. Here are some of the most spectacular.

With the growth of Bitcoin and other cryptocurrencies, hacker intrusions into online exchange offices have become more frequent. No wonder since the cluster directory shows there are wallets worth hundreds of millions.

As the value of mining has skyrocketed, these incursions have become serious business for criminals(and North Korea, if you believe the accusations of individual countries). After the latest theft, which is the largest in history, a serious question arises as to how secure cryptocurrencies are online.

Tether hack in 2017

Stolen amount: $31 million

Tether is a cryptocurrency that combines the possibilities of classic money(dollar, euro and yen) and blockchain technology. In November last year, hackers managed to break into and steal Tether tokens(which are used for transactions) worth almost 31 million dollars.

In response to these problems, Tether introduced measures that made it impossible for attackers to change stolen tokens into classic currencies or Bitcoin. The result was a general panic in the market, which caused the value of Bitcoin to fall.

The theft was accompanied by accusations that Bitfinex, one of the largest exchange offices, used Tether to commit fraud by presenting that Tether tokens were pegged to the dollar in a 1: 1 ratio, providing very little evidence to support it.

The story related to Tether and Bitfinex is not over, as the US government is very interested in this case, which may further affect the stability of cryptocurrencies. Many experts believe that the value of cryptocurrencies largely depends on the fate of Tether, who is presented as an example of a stable cryptocurrency because of its attachment to the dollar.

Ethereum also got hacked in 2017

Stolen amount: $31 million

No currency is safe from hackers. If Bitcoin as the most popular currency is under constant attack, Ethereum as the second most valued currency cannot be immune. A major theft of this currency occurred last July when an unknown hacker robbed three large wallets.

Ethereum worth $31 million was then stolen as thief managed to change the ownership of the wallets using the security flaws of the system.

The owner of one wallet – Swarm City, contacted the creators of Ethereum who hired computer experts(“good hackers”) to get the money back.

These experts managed to “steal” funds from compromised wallets in order to keep those funds safe. They practically used the same methods as thieves, only this time they stole for the owners.

Part of the funds was saved in this way, but the robbery is still marked as one of the biggest. Interestingly, the attack and counterattack took place in less than 24 hours.

As usual, the main reason for a successful robbery is not the genius of the hacker, but the security flaw that enabled the robbery to be carried out. It’s like if the bank left the door unlocked and then explained that it wasn’t about their stupidity, but about the genius of thieves who just walked in and took the money.

NiceHash hack in 2017

Stolen amount: $78 million

It is not just Asian markets that are being targeted. Slovenians entered this infamous history after the robbery of the company NiceHash, which connects cryptocurrency miners with those who sell computer power for mining. All transactions are conducted in Bitcoins.

Everything on paper looked great, until there was a hacker intrusion on NiceHash servers. First, users reported that they could not access their funds or perform transactions. When trying to log in, a message came out that the server was being maintained.

However, the theft could not be covered up, especially since it was the theft of over 4,700 Bitcoins whose value at the time was 78 million dollars! As is usually the case when a cryptocurrency robbery occurs, the funds have disappeared without a trace and will probably never be found.

Interestingly, NiceHash was able to recover and resume operations despite the loss suffered. The founder and CEO of the company, Marko Kobal, resigned in order to give a chance to the new management. In a very short time, the security structures have been improved while the users are still there, probably with the belief that the lightning will not strike twice in the same place.

It is interesting how every stolen company after the theft comes out with the information that the omissions have been corrected and that now everything is super safe. Until the next failure.

Bitfinex hack in 2016

Stolen amount: $72 million

You’re probably wondering why the Bitfinex robbery comes in second when the value is less than the intrusion into NiceHash. The answer is self-evident when you look that about 120,000 Bitcoins have been stolen!

If we transferred that amount to today’s value of this cryptocurrency, we would get an incredible amount of a billion dollars! As it is a robbery that happened before the cryptocurrency value explosion, the stolen Bitcoins were worth “only” 72 million dollars at that time.

Thieves stole users’ wallets despite multiple protections. Some experts have accused blockchain company BitGo, which was part of the security procedure, of being the culprit for the intrusion, although they have denied it.

Although it turns out that no one is to blame, the thieves managed to execute transactions and steal a huge amount of Bitcoin. Those funds were never found, which makes this robbery even more spectacular when it comes to the value of the loot, which has multiplied.

Bitfinex tried to iron out the incident by offering aggrieved users some coupons that the company would redeem to mitigate the loss. It is interesting that this exchange office continued to work normally, with the promise that something like this would never happen again.

Mt. Gox hack lasted 3 years!(2011-2014)

Stolen amount: ~$450 million

Once the largest exchange office in the world, Mt. Gox is now an example of how not to run a business. This is almost the biggest robbery since it was discovered at the time that over 750,000 Bitcoins were stolen from users and another 100,000 owned by Mt. Gox!

The value of the robbery is estimated at around 470 million dollars! It turned out that most of the theft was committed in 2011. Due to the lack of security measures, hackers have been stealing for years without anyone noticing.

To make things more amazing, Mt. Gox was the first in Bitcoin trading at the time with over 70 percent of transactions in this cryptocurrency. It will later turn out that the figures were false and that the leaders of the company hid the financial situation until everything broke down in February 2014.

It was then discovered that 850,000 Bitcoins were stolen from Mt. Gox and its users and the company has no idea how to return them. Mt. Gox eventually went bankrupt while CEO Mark Karpelés was arrested for embezzlement that, to be more bizarre, had nothing to do with the disappearance of Bitcoin!

Eventually, the authorities tracked down 200,000 Bitcoins that were retained in order to pay off creditors in the bankruptcy process. This is just part of the details of the story of Mt. Gox fiasco. The complete story is so amazing that we are sure that one day a film will be made about a bunch of arrogant programmers who demolished one of the biggest companies to the ground.

What is cryptocurrency? A Beginner’s Guide

A cryptocurrency is a digital or virtual currency designed to function as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. In essence, cryptocurrencies are limited entries in a database that no one can change unless certain conditions are met.

What can you do with cryptocurrencies

Purchase of goods

In the past, trying to find a trader who accepted cryptocurrency was extremely difficult, if not impossible. However, these days the situation is completely different.

There are many traders – both online and offline – who accept Bitcoin as a method of payment. They range from large online retailers such as Overstock and Nevegg to small local shops, bars and restaurants. Bitcoins can be used to pay for hotels, flights, jewelry, applications, computer parts, and even college.

Other digital currencies such as Litecoin, Ripple, Ethereum and so on are still not so widely accepted. Things are changing for the better, and Apple has authorized at least 10 different cryptocurrencies as a possible method of payment in the App Store.

Of course, users of cryptocurrencies, except Bitcoin, can always exchange their coins for BTCs. Moreover, there are gift vouchers that sell on websites like Gift Off, which accepts about 20 different cryptocurrencies. Through gift vouchers, you can essentially buy anything with cryptocurrencies.

Finally, there are markets such as Bitifi and OpenBazaar that only accept cryptocurrencies.

Investing

Many people believe that cryptocurrencies are the most popular investment option currently available. There are many stories about how people become millionaires through their Bitcoin investments.

Ethereum, probably the second most well-known cryptocurrency, recorded the fastest growth ever shown by any digital currency. Since May 2016, its value has increased by at least 2,700 percent. When it comes to all cryptocurrencies together, their market turnover has increased by more than 10,000 percent since mid-2013.

However, it is worth noting that cryptocurrencies are high-risk investments. Their traffic volume varies like no other. Moreover, they are partially unregulated, there is always a risk of being banned in certain jurisdictions, and any cryptocurrency exchange can potentially be hacked.

If you decide to invest in cryptocurrencies, Bitcoin is obviously still dominant. However, in 2017, its share of the crypto market dropped dramatically from 90% to only 40%. There are many options currently available, with some coins focused on privacy, while others are less public and decentralized than Bitcoin, and some simply copy it.

Although it is very easy to buy Bitcoin and there are numerous exchange offices that trade BTC, other cryptocurrencies are not so easy to acquire.

This situation is slowly improving with large exchange offices such as Kraken, BitFinex, Bitstamp and many others who are starting to sell Lightcoin, Ethereum, Monero, Ripple and so on. There are several other ways to trade coins, for example, you can trade face to face with a seller or use a Bitcoin ATM.

If you’re looking to buy Bitcoin at most affordable prices, you can also check Buy Bitcoin Finder, which lists various exchanges based on your location and other preferences.

Some traders ask how to buy Bitcoin on AvaTrade? This is a CFD broker so you’re placing a BUY contract and not the crypto itself.

Mining

Miners are the most important part of any cryptocurrency network, and just like trade- the mining is an investment. Basically, miners provide a bookkeeping service for their communities. They contribute with their computing power to solve complicated cryptographic tasks, which is necessary for confirming a transaction in a distributed public register called blockchain.

One of the interesting things about mining is that the difficulty of the tasks is constantly increasing, in correlation with the number of people trying to solve them. So, the more popular a certain cryptocurrency is, the more people try to mine, the more difficult the process becomes.

Many people have created wealth by mining Bitcoin. During the day, you could make a significant profit from mining using just your computer, or even a powerful enough laptop. These days, Bitcoin mining can only become profitable if you are willing to invest in the industrial level of hardware. This, of course, brings large electricity bills and the cost of all the necessary equipment.

The future of cryptocurrency

The cryptocurrencies are around for more than 10 years already. It was an interesting journey with many ups and downs.

On one hand, they provide real value, cutting intermediaries like banks from the financial systems. On the other hand, they aren’t fully regulated yet and lots of scams have uncovered over time. As with any other investing instrument, you can never know for sure what’s going to happen in the future.

Still, many people found them lucrative and were able to improve their financial situation by involving in cryptos from early stages. If you decide to try it yourself, be sure to read as much as possible and remember- if something sounds too good to be true, it probably isn’t.

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Purchasing With Bitcoin Online

If Amazon accepted Bitcoin as payment, how many would use it?

Online shopping has become a real thing. Perhaps more convenient than physical stores. Customers buy from home with comfort, and the seller can reach more people. They’re constantly trading with virtual money.

We know it’s not as real as cash, but we still use it because it’s useful. Could it happen the same with cryptocurrency?

Purchasing (and selling) with Bitcoin online

Is Bitcoin a viable payment method? First, let’s look at the many benefits that only cryptocurrencies have.

  • Global expansion. Does it matter if you use real currency or crypto? Bitcoin is becoming accepted worldwide, so you won’t spend on currency-conversion fees. When buying from other countries, the rates are below 3% compared to the average 10%-15%.
  • Growth. Despite the price changes, Bitcoin will grow as more people start using it, which is a matter of time. If you keep crypto-currency for the long term, you’ll likely make free money more often than not.
  • Upcoming Trend. If you bought Bitcoin, wouldn’t it be great if it became more valuable? The average investor may wait and hope for a surge. Active investors take action to ensure it grows.

Today, you can find pro-bitcoin programs everywhere. Brands accept crypto as payment. Others create cashback rewards to attract users. Some companies pay you to use the currency or merely educate about Bitcoin!o

Why Bitcoin Is An Opportunity For Shoppers

Despite the popularity, most business owners aren’t big fans of Bitcoin. They may like the idea of trading or buying with crypto, but not selling it.

Would you like your clients to pay you with a volatile currency? How could you calculate your profit margins? As soon as prices change, the equation is different.

As a buyer, you’d be buying at either inflated or bargain prices. You’d wait until prices go down to buy what you want.

But what if you are a habitual buyer? How would it be to pay a different price for the items you buy every day?

All of it sounds confusing, which is why Bitcoin commerce is mostly restricted today. Some shops are bitcoin-only for this reason.

Should You Be Purchasing With Bitcoin Online?

For a buyer, Bitcoin may mean lower fees, cashback rewards, and occasional super-deals. But crypto has it’s cons too, such as security and no refunds.

You may buy other altcoins to diversify and protect your money. But you’re still dealing with volatile currencies; all of them are hard to predict.

As a payment method, it may not be reliable for sellers. Today, Bitcoin gives the advantage to buyers because of the price increases when they use it.

Why are global currencies more stable than crypto? Many more people use them, so it takes a bigger am0unt to change the coin value. If Bitcoin surges or crashes, it will likely be a trading coincidence, not a real trend.

The more people buy using Bitcoin, the more consistent its price becomes. Eventually, it may become a global currency, and more businesses will accept it.

Although Bitcoin fluctuates every day, it’s becoming less and less volatile. That creates great trading opportunities today and reliable commerce in the future.

Editor’s note: This article is a guest post written by our colleague Stefan who runs the BMS2019 website on Bitcoin and crypto mining.

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Easy Ways To Get Bitcoins TODAY

We know Bitcoin as the first crypto-coin ever invented. We’ve heard stories of rags-to-riches and market bubbles. In their way, cryptocurrencies are an attractive area for new investors.

You hear it on the news every day. But no matter what they say, the best way to learn the market is to participate. How you invest in Bitcoin will teach you more than anything you can learn online.

Bitcoin is popular among the masses. Yet, it’s commonly seen as something confusing to get into. How can you own a currency that may be “not real?”

Many services allow us to earn Bitcoin, whether it’s by completing tasks or exchanging real money. Once you get your first transfer, you can start investing and generate passive income.

Active Ways To Get Bitcoin

Online Exchanges

How to get bitcoin? As a crypto-investor, you may have heard of the mainstream websites: Coinbase, Binance, CoinExchange. All these platforms accept exchanges for a commission.

The fastest way is to convert your money to BTC. The mentioned websites work as Bitcoin wallet. You can link your credit card and convert money whenever you want.

The problem is, conversions aren’t free. Every website charges a flat and percentage fee for the service. It doesn’t become a problem unless you constantly transfer money among places.

That makes active investing hard. The best way to reduce taxes is to move larger amounts and avoid transactions. Flat fees range from $1 to $3, and percentages can go from 0,25% to 1%.

Physical Exchange

There may be more investors nearby than you might think. Some apps enable us to find these crypto investors and meet them to exchange money.

The process is simple. You contact the person online, agree on a location to meet, and trade. If you want to get Bitcoin, you bring the amount in cash. The person transfers you the set amount from his crypto wallet to yours.

This practice is more efficient. Websites charge more fees to convert money than transferring it. Compared to virtual exchanges, this method can save you 2%.

Earning Online

You can earn bitcoin by “grinding” on tiny tasks online. Unlike physical money, crypto-coins are less restricted, so there are wider options to make extra money online.

You could earn bitcoin playing video-games, visit websites, complete tasks, or write about the topic. After all, creating Bitcoin content helps to spread the word and attract investors, which is valuable.

Passive Ways To Get Bitcoin

The best way to get Bitcoin is to multiply the one you already have. Once you get your first amount, there are endless ways to invest it to make more.

Here are two efficient pathways.

Buy And Hold

 Bitcoin isn’t going to crash anytime soon. As the name says, you buy crypto periodically and sell it when it’s more convenient.

You never know what’s next, so the best tactic is to become a long-term buyer, no matter how the value fluctuates. Eventually, you will make huge profits.

Lending

If you choose to hold Bitcoin, you probably won’t give it much use. If you lend bitcoin, you earn a commission along with the buy-and-hold method. Remember to know your borrower to make sure you return your investment.

The Closing Line

As more people join the crypto markets, Bitcoin becomes more and more accessible. Within the next months, it wouldn’t be surprising to see world-class companies accept Bitcoin as a payment method.

Some investment firms enable us to buy bitcoin directly from our credit card. It’s only a matter of time Bitcoin becomes a widespread phenomenon.