The promise of Bitcoin and Blockchain technology has always been the ease and low cost of person to person cash transactions. But with Bitcoin fees going as high as they are now, this dream seemed to be fading. Now there is a new service, still in beta, that looks to be able to fulfill this promise and even without an internet connection! The service utilizes the text messaging platform Cointext, who recently announced the public launch. Using Context, anyone with a mobile phone to transact with bitcoin cash (BCH) without internet services using the phone’s Short Message Service (SMS) protocol. […]
There is a lot going on in the crypto world right now, and the wary investor should stay tuned into the market closely for the next few weeks. The introduction of futures trading at the CBOE and CME helped to stabilise prices, possibly saving the most recent downturn from a much wilder ride. But there are also a lot of voices out there who are making various claims. The question is, why? Do they know something we don’t, or are they trying to simply move the market? We’ve seen a lot of that in the past, and there is no […]
In her final press conference, Fed Chairperson, Janet Yellen, answered some questions today regarding Bitcoin. She stated that she sees any financial stability risk from Bitcoin as “limited”, saying she sees no significant exposure to our core financial institutions due to its price fluctuations. Earlier, when asked about the potential for regulation, she said that the Fed does not consider the impact of Bitcoin to be great enough to consider any regulation at this time. There has been a lot more activity in the Bitcoin and cryptocurrency world over the last few days, and most of it is quite different from […]
With Bitcoin prices reaching as high as $6,150 last week, the debate continues on how to best capitalize on the growth. We aren’t here to tell you what to do, but we’re happy to give you our insights into the pros and cons of options available. We started our Bitcoin investment in May 2017, and we are now (21 Oct) up over 150% for the year to date. That’s mind-boggling! We’ve said before that we are not buyers and holders of Bitcoin. But we know lots of people who are. So, who is right? The answer depends on your own […]
As discussed previously, some Bitcoin investors simply want to accumulate Bitcoin and watch their profits (hopefully) grow. Others, such as ourselves, are seeking to take some of their profits off the table along the way. So we thought it might be a good time to talk about how to go about keeping your Bitcoin profits. We’re pretty optimistic about the currency, but things happen. We’ve always said we would be happy to get our initial investment back, then let profits ride. So that’s what we have been doing to date. So far, we’ve taken about 21% of our initial investment […]
Coinbase is not known to the “in crowd” as being the best wallet in the world, but it is easy to use and has always been one of the best ways to convert Fiat currencies into Bitcoin. Reacting to some of this criticism, they seem to be on a mission to make their service much more feature rich. Today they announced that they are drastically cutting the waiting time to receive your bitcoins when buying through their site. This is a big deal, folks, so you may want to take a look at their announcement here…
Many in the Cryptocurrency community are happy to leave funds in Bitcoin to enjoy the hoped for appreciation of the currency, but others are seeking to pull out returns or at least may wish to recover their initial investments. We’ve found the BitPay card helpful in that regard, but it isn’t perfect. A new service has emerged called BitExchange that claimed to move Bitcoin to PayPal, and the fees were not bad, so I tried it to see what happened. Don’t! The transaction seemed simple enough, and they used BitPay to post the confirmation…but it never confirmed on their platform. Despite […]
