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Two merchants, Brian Stutland of Equity Armor Investments and Path Trading Partners’ Bob Iaccino are least concerned about the tripling of Bitcoin’s price against gold and claim gold to still be a better bet.

While gold was exchanging at $1,280, Bitcoin has soared 240 percent this year to a high of $3,288 on Wednesday. However, Stutland and Iaccino trust gold is a superior wager than Bitcoin from technical and fundamental perspectives.

“When you look at gold over the past couple of months, [it has] tracked very well [relative] to the cryptocurrency,” Stutland told CNBC’s “Futures Now.” “If you price adjust and volatility adjust, I think gold still has a little bit of catching up to do.”

Iaccino believes that bitcoin’s popularity is undeniable yet it’s still highly unstable and could easily be replaced by another cryptocurrency.

“Bitcoin, right now, is the most popular [cryptocurrency] and it is the most valuable one,” he said. “But I don’t see it as a store of value because any [other cryptocurrency platform] could come out with a slightly better technology and completely replace Bitcoin.”

Moreover, on Wednesday, gold rose more than 1 percent, being one of the biggest safety trades during times of possible chaos. Bitcoin, on the other hand, fell back to the previous gains shown this week as it drops by 3 percent.

 

News credits: cnbc.com

image credits: cnbc.com

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Bitcoin at New York pre-school

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30 June 2017, After the meeting and inquiries from the parents, the head of two Montessori schools are going to accept the bitcoin.

Marco Ciocca, co-founder of the Flatiron & Soho added this option in the month of June. He held the meeting and inquiry session with parents. Accordingly, this decision comes from a different number of places. Not only school accepting the bitcoins as a payment infect universities including London and Greece are also accepting bitcoin in payment.

About 10 Parents are ready to do payments in the Bitcoin and Mr. Ciocca

He says, “If we talk about just the sort of transactional ease… I think this form of payment will continue to grow”.

Bitcoin is a cryptocurrency, which was used in 2010 first time in the real world. People accept it, spend it, use in exchange and do transactions around the world. Which means, it has some worth, some value.

Today’s value of the bitcoin is $2514.98. whereas its value is double since the start of this year.

Parents are lucky who invest early because they enjoy the rise in the price and discount on school’s hefty that is $31,000.

But Mr. Ciocca opposed the profit from coin value’s fluctuation in the financial market. The will receive tuition fees in bitcoin or other digital currencies.

By accepting these digital payments, Mr. Ciocca drags the parent’s attention toward the technologies’ new trends. This is the easiest way of each kind of payments. He says, “It’s just a much more seamless transaction”.

He was the investor of this-this currency first and want to be the part of its growth. That’s why he followed the currencies and introduce them in his own schooling system.

Story credit: bbc.com

 

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Top 7 Tips to Secure Your Bitcoin Wallet

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Secure Your Bitcoin Wallet

If you are a Bitcoin user, you would know that how important a Bitcoin wallet is. It is used to store all your Bitcoin assets and make transactions with other users.

Due to its significance, hackers, con artists, and thieves are always after your wallet. They develop different techniques to get into your wallet and steal your coins.

Most bitcoin users nowadays lack the knowledge as to how to keep their wallets from these attacks. As a result, they end up losing their assets. And since there is no way to track these tricksters, once you lose your coins, consider them gone for good.

In this post, we are going to discuss the most useful ways to protect your wallet, and hence the coins.

Check out our guide on what are the safest Bitcoin wallets to use to be more secure.

Bitcoin Wallet Protection Tips:

  1. Never use it on a smartphone: Smartphones are prone to hacking and theft. They can easily be hacked through the apps we download or even the mobile camera. So, if you want to protect the bitcoin wallet, stop trading it through smartphones.
  1. Versatile Bitcoin client: It hides users’ IP address and changes their address with each transaction. It also hides your privacy in public protocols, making it less vulnerable to third-party attacks.
  1. Identity protection: Avoid giving away your information on social platforms and try to keep your wallet key only to yourself.
  1. Encryption: Since your wallet is stored on virtual sites, it’s necessary to protect it with a strong password. If you are struggling to create a strong password, DESlock+ can help you create it and encrypt your bitcoin wallets from theft.
  1. Backup Your Wallet: Keep backups of your wallet. The information stored in the wallet is what all your bitcoin transactions are based on. Losing it without having a backup would mean that the information is gone forever. (Learn how to backup a Bitcoin wallet)
  1. Escrow service: Bitcoin transactions are irreversible and involve interactions with untrusted parties. In situations like this “Bitcoin Escrow Service” comes in handy. What happens here is that the buyer sends bitcoins to the Escrow service and the seller sends the product across to the buyer. After receiving the product, the buyer gives green signal to the escrow agent that he can make payment to the seller. The escrow service is considered to be one of the safest and error proof methods of bitcoin transactions. (Here are some of the best Bitcoin escrow services you might want to use)
  1. Multi-signature addresses: This method is extremely useful, especially when multiple users are using the same wallet. Multi-signature addresses prevent the misuse of wallet by an anonymous user. It requires signatures of all users, which helps to inform the signers that a transaction is being made.

Conclusion:

These are some important tips to protect your wallet against cyber-attacks. In conclusion, don’t use it smartphones, don’t publicize your keys, use strong passwords, always have a backup, use escrow service and multi-signature system.

Remember, a Bitcoin wallet address is the most important aspect of your Bitcoin venture. Its security must be on top of your priority list. And to make sure it’s perfectly secured, follow the tips that are discussed in this article.

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Buying Bitcoins with PayPal through Paxful and Cryptonit

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Paxful and Cryponit are two of the best platforms to buy Bitcoin with PayPal. The process of buying Bitcoin with Paypal through Paxful and Cryptonit is almost similar to buying from LocalBitcoins. LocalBitcoins is a platform for purchasing/selling bitcoins with the lowest exchange rates and reliable users.

 

Buying Bitcoins with PayPal through Paxful and Cryptonit

 

The sellers have to pay a 1% commission fees to the platform that facilitates this exchange.

Like other P2P platforms, it follows a set of sales rules as well but, if you have a good user reputation, these requirements are lower.

Before you purchase anything, it’s better to make sure that the user has good reviews from other buyers.

The process of buying Paxful bitcoins is simple:

  1. Create an account
  2. Choose your amount and a payment method
  3. Select your seller- You can choose one yourself or let Paxfuldecide the best one for you.

Next, you’ll be sent to an online chat room with the seller to finalize your deal. The seller’s bitcoins are sent to Escrow and soon after you mark that the payment has been made, the bitcoins are released into your account. However, you must seal the deal within the time limit given or it is auto-canceled.

Buy Bitcoins With PayPal Through Cryptonit:

Cryptonit is another platform that enables you to buy Bitcoin with PayPal instantly. Cryptonit is a UK-based company and was founded in 2012. It is a cryptocurrency exchange that allows you to deposit money using PayPal, Visa/MasterCard, Skrill Western Union, MoneyGram, and many other options.

However, it requires a verification process in order to qualify for PayPal deposit to buy bitcoins.

The steps following the process are:

  • A copy of the government issued photo id.
  • An address verification document such as utility bill or rental agreement.
  • A photo of you holding these documents/ skype video call with someone from Cryptonit.

Verification will take around 12 hours on weekdays. After it is completed, just go to the “trade” tab, choose the suitable currency pair, and enter how much you want to buy.

Buying Bitcoins with PayPal through Paxful and Cryptonit

Final Word:

All in all, Cryptonit is a trustworthy option. It offers a safe environment so that you can serve your needs and minimize the risk of theft.

Please take a look at the following infographic for a better understanding.

 

 

 

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A huge rally of the bitcoin

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Bitcoin’s record-breaking rally has enchanted markets. Companies raised millions in minutes or even in seconds, means investors are desperate to adopt the new digital technology startup. At the start of this month, Mozilla’s co-founder Brendan Eich earn $35 million of attention token within 30 seconds. Whereas, its unit of exchange is the company’s brave browser.

This year, digital token’s price is more than double. While the companies continually using this technology by selling Bitcoin and invest them in different projects, instead of resorting traditional method of finance.

These token’s development is at the early stage. In addition, TaaS sell the coin, double in price in five weeks.

Coins have risen over 100 percent. While, when they start trading, there was 13 percent on average offering to U.S this year. The chairman of the wall street blockchain alliance Ron Quaranta says that coin irresistible demand. In addition, a huge part of it is involving in the conjecture. Whereas, traders are trying to make money in a short time period. Luckily, essential drivers are also here, this is an expectation that digital market is getting mature.

Coin’s startup bypass

Storj labs Inc. raise $30 million in the early round of financing by selling coins at 50 cents a piece. Within few days, a large number of people get to sign up for the sake of a piece. Unfortunately, there is a clasp, like traditional investment, token don’t consult an entitlement on Storj’s future.

Moreover, token’s value is calculated by providing the direct approach to data on the distributed ledger. Basically, this is the new ledger of the digital currencies, where coins unlock endless apps in the digital world. Whereas, the coin is tradeable on a large number of online exchanges. And, demand for these coins is continually growing.

Discussion

According to the research of the Crown and Smith, forty-four coins have been issued. Whereas, a token issued by the Edgeless on 30th March, get 500 percent jump, a huge gain ever. Accordingly, acceptance of the blockchain technology is increasing with the passage of time as more bitcoin discussions take place.

President of the Kingsbridge wealth management David Dunn was the first person who introduces bitcoin concept in companies in 2014 and made his investment in blockchain linked companies. David adds, “I’d rather invest in the companies using the technology themselves. The speculators might end up being right, and this becomes a solid investment because of the power of the technology, but we’re not at that stage.”

Goodluck!

 

Tags: bitcoin price prediction, bitcoin speculation

 

 

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How to Confidently Take Part in Bitcoin Revolution?

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Confidently take part in bitcoin revolution

Bitcoin is the most renowned cryptocurrency today. From 2009 to 2017, just within a few years, Bitcoin has largely asserted itself as the richest people of the world are now showing great support for the currency. It clears that this century belongs to Bitcoin. Now, the question arises, how to take part in Bitcoin revolution. There are more than 100 different ways to join this blockchain revolution.  We will discuss only a few of them here. Before the discussion, let me tell you some important points, which you have to keep in mind during Bitcoin’s ride:

  1. Briefly, explain about Bitcoin to others.
  2. Create transactions by buying Bitcoin.
  3. Acquiring bitcoins.
  4. Do transactions through Bitcoin.
  5. Setup your Bitcoin wallet address.
  6. Tell about Bitcoin revolution confidently. In addition, completely guide them about how they can use secure and transparent transaction system.
  7. Tell them the difference between the currency and Bitcoin.

Now, let’s start a ride to Bitcoin revolution.

1. Acquire Bitcoin:

If you want to acquire bitcoin, there are three ways users by users.

Accept Bitcoin Payments:

Through merchant, solutions get start to accepting Bitcoin payments. There are more than 100,000 retailers who accept the bitcoin as a payment. These retailers hold high-profile business like Amazon, Tesla, Microsoft

Bitcoin Mining:

Bitcoin mining is same like gold mining. Gold mining is in hardware services whereas Bitcoin mining is done on the Bitcoin network. So what do you conclude; Tools for Bitcoin mining are gold pans or buckets?

No, Bitcoin tools include a powerful PC and specialized software. You can easily mine Bitcoin by solving the complex math puzzle. When miners successfully solve the puzzle, they get the reward of 25 bitcoins which becomes half every four years.

Purchasing Bitcoin:

Now, you have to purchase Bitcoin using cash from Bitcoin exchange and after that, your Bitcoin wallet.

2. Engaged in Bitcoin Services:

The venture capitalist Tim Draper says, “Bitcoin world is this new ecosystem where it doesn’t cost that much to start a new Bitcoin company. It doesn’t cost much to start owning Bitcoin either, and it is a much more efficient way of moving money around the world.”

The most desirable aspect of Bitcoin is to start your own business with low cost.

If you have no idea how to start and where to start with Bitcoin. Then observe the current performance of expertise of Bitcoin.

Bitcoin payment processors and digital or hardware wallet services are used for this purpose.

3. Provide Solutions for Acceptance:

If you can create a way to convince non-users to use Bitcoin, you are onto the winner.

4. Leverage Blockchain Technology:

For many financial institutions, the blockchain recording system holds promise as a secure, improved and transparent method to speed up transactions, cut costs, and eliminate fraud. Because of this, organizations are looking for ways to leverage blockchain technology for their own businesses.

5. Invest in Bitcoin:

Bitcoin is limited in number – 21 million to be precise. So, being an investor, you must know that increase in demand leads to the limited supply, hence the higher prices. If you are looking for a long-term solution for your financial problems, investing in Bitcoin is the best way.

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