Bitcoin Tsunami

Mike Novogratz, CEO of Galaxy Investment Partners, is not just any billionaire. The former  Fortress Investment Group  principal and erstwhile  Goldman Sachs  employee famously said in  2013 , “Put a little money in Bitcoin…Come back in a few years and it’s going to be worth a lot.” At the time, bitcoin was worth $200. Today, it’s circling $6,000. Novogratz has invested a substantial amount in bitcoin and ethereum, making a US$250 million profit in one go. He went out and got himself a  Gulfstream G550 jet  as a treat for his smart investment choice. Novogratz  predicts  that bitcoin will reach US$10,000 in the next 6 to 10 months. He is of the  opinion  that bitcoin is the “largest bubble of our lifetimes” but that you should own it anyway. In September, he responded to Jamie Dimon’s  opinionated statement , backing bitcoin. "I normally agree with Jamie Dimon but he’s dead wrong ...

Cryptocoins News  previously reported  in May of this year on a Redditor said to be terminally ill.  Having little left to lose, he took out an equity loan on his home to invest $325,239 in bitcoin.  This bought him a total of 191.118 bitcoin.  With the recent spike in price, the popular cryptocurrency news outlet went back and did the  math .  At the time, bitcoin has shot up to $5,736 per bitcoin, meaning that the Redditor’s investment had climbed to a total value of $1,096,258.58 worth of bitcoin.  While it’s not clear whether he had kept the value in bitcoin, it’s an interesting backdrop against which to track the currency’s dramatic climb. Bitcoin is the Phenomenal Financial Tsunami of our time

Bitcoin is a new asset that uses a distributed public ledger to send the token from one person to another. This all happens without a central bank or third party and it's not controlled by any individual company, or person.  All transactions are completely transparent and thousands of copies of the ledger are kept across a distributed network of computers with no single point of failure or possible manipulation. In other words, Bitcoin is a true decentralized asset that can move freely around the world and nobody can control it.  With Bitcoin you are given a public key and a private key. Your public key is your address that everyone knows (sort of like an email address or bank account number).  Then your private key is what allows you to unlock your public key and send Bitcoins from one account to another. This acts like your password but it's much more secure. On the downside if you lose your private key there is no way to reco...

One of the fundamental questions many people have about Bitcoin revolves around the tokens themselves. Questions about its value, security and history, all eventually lead to one place: Where do bitcoins come from? While traditional money is created through (central) banks, bitcoins are “mined” by Bitcoin miners: network participants that perform extra tasks. Specifically, they chronologically order transactions by including them in the Bitcoin blocks they find. This prevents a user from spending the same bitcoin twice; it solves the “double spend” problem. Skipping over the technical details, finding a block most closely resembles a type of network lottery. For each attempt to try and find a new block, which is basically a random guess for a lucky number, a miner has to spend a tiny amount of energy. Most of the attempts fail and a miner will have wasted that energy. Only once about every ten minutes will a miner somewhere succeed and t...

Hello Friend The Season 1 of the #21DaysBitcoinChallengeWithDrJerryTheFirst ended some few days back. It ran from the 1st to the 21st of October 2017. Did you miss it? Eh yaaa, you really missed a lot. But not to worry, flowing from the end of Season 1, we are preparing to embark on the Season 2 and this time it will run from the 1st to the 21st of November 2017. In the next 8 days a new month shall come upon us. It will be the 11th month of the year 2017, just one more month and the year will end. If making more money was one of you resolutions for 2017 and you are yet to make an appreciable impact in your finances, then you need to participate in this challenge. With the state of the Nigerian economy, making money is not the easiest thing to do now, but if and when you do participate in the #BitcoinChallenge, you could make some good amount of money in bitcoins and then convert them to naira or dollar which ever you like. By now, you would hav...

IT'S A SCAM! A LIST OF WEBSITES, TRYING TO STEAL YOUR BITCOINS Remember, there are NO FREE BITCOINS! => Yourbitcoinbanker.com -Don't send bitcoin to thieves please! The whole thing is just pure lies, and if you are dumb enough to believe these crooks, then sorry, but you will come across far sharper scams than this. 9/27/17 => Krypto-gold.com Cryptogold.com and Cryptogold.de -All associated, all just hyip scams. 9/27/17 => Loanbit.net -Odd how you can send bitcoin to be loaned, but there is evidently no route to borrow bitcoin. That's because it is just a ponzi, like the MMM schemes. 9/27/17 => 1stghs.com -You are playing at mining, it isn't real. As long as you know it's a ponzi, then it is your choice. 9/27/17 => Ximoney.site -Don't waste your work, don't refer anybody, don't send money or bitcoin. Just don't go here eh. 9/26/17 => Btctradefare.org -What a tot...

What is Bitcoin? Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency. Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronica...

Microsoft is partnering with Israel’s Bank Hapoalim on a blockchain-based platform to support digital bank guarantees for customers, according to The Times of Israel. Bank Hapoalim becomes the first Israeli bank to deploy blockchain technology in financial contracts, the lender noted in a statement. The project will simplify and hasten the process of signing up guarantors. Bank customers in need of a bank guarantee typically have to go to a branch, transfer the guarantee to the beneficiary, then return it to the bank in the event the guarantee is not used. Simplifying Bank Guarantees Arik Pinto, Bank Hapoalim’s CEO, said in a prepared statement that bank customers will receive security documents in an automated, digital and secure manner and in a short process. The use of blockchain technology will “significantly improve” the customer’s level of trust in the banking system, as well as the customer experience, he said. Under the partner...

What Is Cloud Mining? Cloud (or remote) mining – is the process of using hardware power to mine cryptocurrency (such as Bitcoin or Litecoin) remotely. This mining model came to existence due to the fact that the increasing difficulty of mining has made it unprofitable for mining enthusiasts to mine Bitcoins at home. Cloud mining gives people a unique opportunity to begin mining cryptocurrency without the need for a large initial investment in hardware or technical knowledge. Despite the simplicity of the cloud mining model, it is worth elaborating on a few details, specifically it’s important to highlight that remote mining comes in two forms: hosted or cloud based mining. Remote Hosted Mining The first form of remote mining is remote hosting. This model suits users with a high level mining experience and know-how and who require a high degree of control over their mining hardware. Under this model, the mining hardware is host...

If you are current with developments and happenings in the #FinancialWorld right now, you would realize that there is a great movement towards #DigitalCurrency. #AnalogueCurrency or #PaperMoney as it is called has failed many and thus Digital Currency has come as the #FutureofMoney Just like anything new, people are skeptical about it but the #FinanciallyWise know that the best time to get involved with a new thing is when it is #particularlynew because by the time it becomes widespread, the cost of involvement would have risen more than 100% And that is the case with #Bitcoin In 2009, 1 bitcoin was exchanging for less than 1 US Dollar fastforward to 2013 and the exchange rate hit the roof at 1 bitcoin to 1200 USD and as if that was not the roof actually, in 2017, 1 bitcoin is now exchanging for 5800 USD Can you imagine the phenomenal growth in the value of bitcoin in less than 10 years? Analysts and financial pundits are predicting that in ...

Not all who wanted to participate in this Challenge are actual participants, just a few of us, thus confirming the saying that Many are called, but few are chosen We are the chosen out of the called, so let us prove to ourselves that we have the stamina, the will and the determination to go the whole hog and to succeed Let us keep at it until the last day so that we can finish strong God bless us abundantly #BicoinTsunami