What is Bitcoin? Comments Off on What is Bitcoin? 261,018

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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6 TV Shows We’re Binging During the Coronavirus Comments Off on 6 TV Shows We’re Binging During the Coronavirus 204,758

Due to the coronavirus, we’re not going anywhere for awhile. On the bright side, now that you’re forced to stay home, there’s no guilt in binging TV! Luckily, a few incredible tv shows have been released over the past few weeks to help with the stay at home boredom. Some shows have been out for years, but nonetheless, everyone should watch them. So, here’s the 6 shows we’re binging during the coronavirus. 

For the Jokester  

Everyone who loves a good comedy series should check out Brooklynn 99. The show highlights the interesting and hilarious detectives of Brooklyn’s 99th precinct. It premieres on NBC, but you can binge 7 seasons on Hulu right now.The Good Place is another comedy for every jokester. The four-season show observes Eleanor Shellstrop in the afterlife. She’s shocked she made it to the ‘good place’ and assumes there was a mistake. This comical journey is one you’re not gonna want to miss.

Addicting Docuseries 

Netflix knows how to make a documentary. They’ve produced a variety of docuseries that grasps viewers’ attention. Tiger King: Murder, Mayhem, and Madness is the newest one and it’s like nothing you’ve ever seen. The film follows the life of Joe Exotic and his friends, coworkers, and enemies. The people in this documentary are unbelievable and will have you begging for more. How to Fix a Drug Scandal is another trending Netflix Original docuseries. This true-crime doc explores a possible coverup involving the Massachusetts Attorney General’s office. After this series, you’ll question everything you know about the justice system. 

Dark Dramas

While drama isn’t healthy for your personal life, it does make great tv. The Ozark, another Netflix original, just released its third season and it’s perfect for binging. The first episode dives right in as you discover the main character, who is a husband, father, and financial advisor is laundering money for the second-largest cartel in the US. The series tracks him and his family as they fight for their lives by making deals with drug dealers and politicians. Another drama to watch is How to Get Away with Murder. Season 7 is currently airing on ABC, but you can binge prior seasons on Netflix or Hulu. Law professor, Annalise Keating, mentors five students through mysterious court cases that reveal hidden truths. 

With the help of these tv shows, we hope you’ll find some relief in quarantine. During this time of uncertainty, don’t be too hard on yourself to get things done. Sometimes the best thing to do is just relax and binge one of these awesome tv shows!

3 Podcasts We Can’t Get Over Comments Off on 3 Podcasts We Can’t Get Over 201,438

Podcasts are the way of the future. Think radio shows but being able to listen whenever and wherever you want. The best part about podcasts is that there’s a niche for everyone. Whether you’re into finance or the Bachelor, we’ve got you covered on the 3 podcasts we can’t get over. 

Finance is Fun!: The Financial Diet

The Financial Diet is the perfect mix of learning more about finances, different career paths and having fun. Each week Chelsea Fagan interviews a guest with an interesting job position. From Youtubers to publicists, you’re sure to feel like an insider after the episode. Chelsea pressures guests to reveal big financial numbers in their life. For some, it’s how much student debt their in while others discuss how much money they made off one Youtube video. If you’re interested in learning the finances behind different professions, check out this podcast on Spotify or Apple Podcasts! 

True Crime Crazed: Crime Junkie

If your ideal documentary is on serial killers, then Crime Junkie is the podcast for you. Crime Junkie features two true crime enthusiasts telling stories about the missing, captured, and murdered. Each episode captivates its listeners with a thrilling narration of true-crime from around the world. There are over one hundred episodes to binge, so start listening today! Another true-crime themed podcast that you have to hear is Serial. Serial started the genre of the crime podcasts and is still a true-crime favorite. The hit podcast has three seasons. Each season the hosts investigate a murder case in real-time. With new evidence pilling up each episode, it’ll be hard to pull away from this intense series. 

The Bachelor Nation’s Favorites: The Viall Files

The Bachelor is the show that keeps on giving. Between The Bachelor, The Bachelorette, and Bachelor in Paradise, ABC produces a season full of love and drama – but mostly drama. Nick Viall, the bachelor in season 21, recaps each episode on his podcast The Viall Files. Bachelor Happy Hour is another amazing podcast where co-hosts and past Bachelor contestants Rachel Lindsay and Becca Kufrindives dive into each juicy episode. 

Podcasts are great for long car rides, getting ready in the morning, or winding down at night. There are thousands of podcasts to choose from, so you’re sure to find one you like. We hope you’ll love these podcasts just as much as us! 

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