Category: #cryptocurrency
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First Day trading is a focus-intensive, low-gain activity.ESPECIALLY when starting out and having no trading experience whatsoever.The risk of losing money is very real and uncircumventable. Now, if you THINK you are an experienced trader who can make it work and always end up winning…. The amount of liquid capital you will be needing depends…
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Today I am going to extend my knowledge to recognize shitcoins by giving decent pointers. What are shitcoins? Shitcoins are Cryptocurrency which are coins of low value and add nothing to the Cryptocommunity. Most of them are trials made by people interested in Cryptocurrency and tried their hand at programming blockchain. Others, especially after the…
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When talking about mining #bitcoin (or #bitcoinmining for short) there are various hardware needed. In this video I explain the difference between an ASIC-miner and a GPU-miner.I explain why one is more favorable than the other.Why one is rising in popularity. Why one is better to mine #bitcoins and the other better suited for various…
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“Can more than one miner mine a Bitcoin block? “. Yes, this is possible.In the world of bitcoin, cryptocurrency and blockchain this is called a “mining pool”. In order to mine bitcoin you need processing power.A LOT OF PROCESSING POWER. Your top of the bill gaming computer won’t even cut it.The processing power needed to…
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Today I will be answering the question “Can you lose all your money on Bitcoin? “. There is no definite answer to this question. It can be “yes”and it can be “no” Rules of classic fiat currency (dollars, Euros, Pounds,…) apply. If you choose to invest and own Bitcoin you will not lose all your…
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“What is a blockchain database?” In order to find the correct response to this question, we must first understand how transactions are established on the blockchain. Next, I shall explain (very briefly) what a block in the blockchain is. From here on out we can conclude what a blockchain database is. (Hint: It is synonymous…
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The short answer is, YES. There are only 3 ways to earn #cryptocurrencies . All else is moot.
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This was a question posited on the platform Quora. I have a profile there where I mainly answer Bitcoin and Cryptocurrency related questions. Considering the latest bull-runs and increasing value of Bitcoin, people start asking questions. Today I answered the question: DOES BITCOIN GOING UP IN VALUE STILL DRAG ETHEREUM AND LITECOIN UP? The answer…
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This was a question I received this week. – What is the market efficiency of bitcoin? Bitcoin is still in the stages of initial growth. A lesson which is surprising to many when considering its market capitalization when compared to other Cryptocurrencies (market capitalization is more than 60%… which implies that of ALL dealings and…
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Today I will answer two questions simultaneously: – Can I become rich trading Bitcoin/Cryptocurrencies? – When is the best time to buy Bitcoin? The short answers to these questions are:– Yes. – Now. The more long-winded response is first knowing how to trade and when to trade. The “secret” to this is learning to read…