What is Bitcoin? 0 61596

Bitcoin is an electronic currency used in all forms of transactions. Like any other currency, it’s subject to appreciation, depreciation, and minting – albeit not traditional. Like most currencies, Bitcoin has no central bank that regulates its use and distribution. It’s a currency that can be transferred to from one individual to another without the need for intermediaries. Since the currency does not possess a central bank or governing entity, the records of transactions are stored and publicly distributed through cryptography in a ledger called blockchain.

Like most cryptocurrencies, it can be transferred from user to user as payment for services rendered and can be traded. More importantly it can be converted to tangible money. Most times, tangible currencies are the yardstick to which cryptocurrencies like Bitcoin and Litecoin are held up to.

Bitcoin did not just appear out of thin air. It was initially created by an unknown individual known only as Satoshi Nakamoto in 2009. Satoshi didn’t keep his brilliant invention to himself, he made it open source and that is why it can be manufactured by basically anybody after the process of mining. Although the process is long and it involves complex mathematical equations and power to mine Bitcoin, it can be very lucrative when done extensively.

Hype surrounding Bitcoin

Bitcoin is essentially the genesis of all cryptocurrencies. Bitcoin is one of the majorly successful cryptocurrencies over the decade. It gave way to the birth of numerous cryptocurrencies like Litecoin and other altcoins and because of this, and other insurmountable factors, the currency tends to appreciate in value immensely. There have been a lot of fluctuations over the years and to investors and traders, these fluctuations are a good thing and not a disadvantage – depending on when you purchase.

Investing in Bitcoin

In 2017, Bitcoin reached some fantastic highs that have never before been recorded for a cryptocurrency. This sudden upward movement led to an investing frenzy and, sure enough, Bitcoin appreciated to reach even higher highs. However, in 2018, things changed completely. The market began to lose momentum and people began to cash out and spend their investment and this caused Bitcoin to rapidly decline in value. A lot of people lost their investment and were ruined. They kept believing that the price would push upwards and whenever it did, people with cash would buy more and it would plummet again. In essence, it’s like any commodity on the market. It is subject to fluctuations but, admittedly, it has the propensity to fly high and fall hard. 2017 wasn’t the first time that Bitcoin would appreciate so much in so little time. There was the major boom of 2013 too. Bitcoin is truthfully not very stable. Only invest in it when there is major momentum and what you can afford to lose.

Make money using Bitcoin

Contrary to what most people might think there are a myriad of ways to exploit the cryptocurrency Bitcoin without necessarily investing in it. You could be a short time trader when the currency is on the rise. You could buy it when it’s slightly low and when it appreciates a little bit, you sell higher, and then repeat the whole process again. It might not be as lucrative as long-term investments but, thankfully, it’s not as dangerous either.

Blockchain mining

Bitcoin doesn’t have a centralized system and it’s difficult to keep account of all the transactions that occur during the course of trading. The central bank of any major currency keeps the ledger that allows those who run it to keep account of all the transactions that take place. It’s one of the ways to make sure that counterfeit currencies don’t exist in the market. Blockchain mining is essentially putting the power of the central bank in the hands of a few dedicated miners. Blockchain mining is a very touchy way of making a living. It requires a well-equipped and powerful computer and access to electricity, which most times costs more than the actual amount made mining. It involves solving extremely difficult mathematical equations generated by the Bitcoin software. Once your computer successfully breaks the problem, the equation is solved, and the ledgers are updated. There is usually a compensation for each ledger completion. That’s how Bitcoin mining works in a nutshell. It is a sure way to earn substantial income, if the costs don’t eventually cost more than you make. It’s a fickle way to earn money and it is not recommended to most but if you work around the energy costs, it’s a particularly lucrative means to make money.

Bitcoin is a revolutionary cryptocurrency that affords the average person the chance to make more money than they are normally used to. From difficult blockchain mining to unpredictable Bitcoin value, the cryptocurrency provides an honest way to make money on the internet.

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Practice self-sacrifice: Things we can learn from Lent 0 10837

Lent, to be perfectly clear is a Christian practice. Although, anyone is welcome to try the tradition in honor of sacrifice. Lent is a tradition that involves fasting for forty days and nights in preparation for Easter. It begins on Ash Wednesday and ends with the Easter celebration.

I remember growing up in the Catholic church, my parents really took Lent seriously and they passed that will onto me. They would leave their ashes on for the entire day just to prove that they were serious about penance. Lent or Lenten-fasting is a Christian practice that involves depriving oneself of the things that are dear to him or her. It’s kind of a symbol to represent the kind of suffering that Christ endured in the wilderness. Although Lent is not for everyone, depriving oneself of some form of comfort is a good thing. Lent doesn’t just involve waiting for the sweets or food that Easter comes with; it requires depriving yourself of something that you are basically addicted to; something that takes some priority in your daily life; that is why it’s so symbolic.

Here are a few things that people typically deprives themselves of for a short while.

Focusing on your needs and not your wants

When I say this, I mean you should chin up and stop buying all the things that you want but don’t really need. Things like new phones and devices shouldn’t be your priority, not when you don’t really need them. This Lent you should try saving some extra money for a change, you might end up saving more money than you think. This little practice should span across everything you spend money on. For example, you can’t buy all the little things you set your sight on this Lenten fast.

Donating every day of the Lenten fast

Regardless of whether you are religious or not, giving should hold a special place in your life. We are blessed to be where we find ourselves today and should never forget those that aren’t as fortunate. This Lent, try to give as much as you can daily. It might be just a plate of soup or some old clothes, but it might be enough to put a smile on a person’s face.

 Gossiping

I know that most gossips don’t think they gossip. They just see their conversations as innocent gist sessions. It takes a lot of courage to admit that you are a gossip but a sure tell sign would be the feeling that what you are doing and saying might hurt someone. This Lent we should try to fight those habits that seem hurtful to others. After all, Lent is about repentance and penance, we should see the days of the lent fast as an intense confession and repentance session and try to break away from old destructive habits.

Limiting meal time to just three times a day

I think more than anything, Lent is about the tribulations that Jesus faced and overcame in the desert. So, its only appropriate that we too subject ourselves to similar conditions. Technically, limiting meal time to the standard three times a day doesn’t really compare to the kind of suffering that he endured in the wilderness, but I think that it’s a safe compromise. We should try to get closer to the savior this Easter by devoting more time to knowing him and curbing our eating habits. This meal limiting plan should cover just more than the conventional meal. It should also go in to cover other things like limiting your soda intake and junk food consumption.

Give up TV

This might seem impossible for some with unbelievable line-up of coming this spring. People easily forget that these great series will still be there a month after Easter. Television is inherently distracting. It’s practically impossible to stay focused on the Messiah when you are shacked up in front of the TV every night. This lent, you should try to disconnect from it all. Try minimizing your TV time and pick up something that is less distracting and more productive like prayer.

Pray this Lent

One of the major characteristics of a fast is constant prayer, this Lenten shouldn’t be any different. Try to devote some time to praying to him every day – it’s the most important part of the fast. You should put all that excess time from not watching TV to good use and try to really commune with him.

Here are a few things that we can change about ourselves this Lent that could help us improve our relationship. Lent, above everything else is about Jesus Christ. This little suggestion list allows us to effectively share in his experience and strengthen our relationship.

Getting your kids to read this summer 839 150628

Summer means different things for different people. For twenty-year-old’s, it’s the time to work and party; for parents, it’s the time to hold neighborhood events and start saving up, and for kids, it’s the time to kick back and finally have some fun. School’s out! 😃 It’s that one time of the year when they can go to the beach and hang out with all their friends without worrying about some project or homework. For them, the entire summer is all about having fun, and as a parent, it’s your sacred duty to balance fun with continuing education. You might even be able to replace “fun” with something more rewarding – like reading!

Knowledge attained outside the classroom tends to stick around longer

You don’t want to be the “uncool” parent that forces your kid to do something school-related during the summer, but you don’t really have that much of choice, here’s why. The lessons that really stick with you long after you finish school are the ones that you learned when you didn’t really have to.

The knowledge that is acquired without some form of ultimatum or consequence always leaves a lasting impression. It also introduces you to a new side of knowledge that is not purely scholarly.

Reading is right for you regardless of what it is that you decide to read – obviously you will have to control your kids’ intake in your spare time. Reading strengthens the mind, and continual learning increases the speed at which you assimilate and process information. Just imagine the kind of impact a fantastic reading speed could have on your kid educational future. You could be adequately preparing them for a future in academia.

Exposure

The reward of “ruining” their obsessively fun summer will be some exposure to other subjects and topics that are unfamiliar to them. Recreational reading could be very instrumental in building up their overall personality. Plus, proper exposure ensures that they have enough information to make smarter and more informed decisions at a tender age.

It can teach them to research and ask questions

Summer reading could form the basis of a voracious reading habit that could beautifully complement their curiosity. It’s not every kid that thinks about something strange that eventually go on to investigate, summer reading could introduce them to the concept of research.

How to get your kids to read during the summer

It’s easy to talk about getting your kids to read during the summer, getting them to do it another issue entirely.

Kids can be especially stubborn or pigheaded when you are trying to force them to do what they simply have no interest in. The only way to have them do what you want the right way is to either introduce a reward system or trick them that it’s all their idea. Local library’s often offer summer reading lists per age group.

Reward system

Are you having a hard time getting your kid to do anything you want? Wait patiently, there is always something they’ll want, and you can use that to get what you want – in this case, it’s a healthy reading habit.

When they come to you with a ridiculous demand, you can propose a fair trade that will engage their mind and keep it focused on a book that you’ll recommend. You can even choose to deliver the reward after the completion of several books, that way, you are getting the most out of your deal.

You can also choose to limit or restrict play time, and the completion of a certain number of pages could be the requirement they must fulfill before they are allowed to play again.

Making them think it’s their idea

In my experience, people are always more motivated to complete a project that they believe to be totally theirs. When it’s your plan, you just tend to pay more attention to it, it’s like you want to prove something to yourself and others around you. Adults think this way, and so do kids. They can be pretty devoted to completing a book they just accidentally stumbled upon or saw you flip through.

Sometimes you don’t have to be so obvious or aggressive, you could give a rousing speech about reading and hand them a book that you know that they’ll enjoy and leave the rest to them.

The summertime doesn’t have to all about vacations and parties, it could also be an opportunity for your kid to develop a reasonably analytical mind.

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