Category: Finances
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What is it? Wrapped Bitcoin (WBTC) is an ERC20-token which aims to bring the liquidity of the Bitcoin blockchain to the Ethereum Blockchain. In plain English this means “introducing Bitcoin to the Ethereum blockchain”. This is done by keeping a reserve of Bitcoin in a trust-account. In order to achieve high transparency, the amount of…
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There are multiple ways to store your precious cryptocurrencies. The most renowned method is by keeping them in an online wallet on the exchange where they were bought. This move, however, is quite unsafe. As many within the Cryptocommunity can tell: “You do not own your coins on an exchange”. The reason to this is…
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Cryptocurrency has proven to be a valuable asset with good returns over time. Even during a pandemic there is opportunity to be found. It is even the best of times to start amassing wealth as people look for opportunities and entertainment to lift their spirits. Traditional money, like the dollar, is getting into an inflation.The…
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Hello all, These last couple of weeks I have been quite busy expanding on my guide to the point it has now become a full blown course. Through the platform of Quora, I daily receive DM’s (and am requested) to answer questions about a variety of topics relating to Cryptocurrency, Bitcoin and blockchain. Not only…
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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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The following is an excerpt from my book titled “The Engine to Wealth” which is a free download on my Gumroad. This is a quote from the first wherein I talk what it means to invest in yourself. First..…you must invest in yourself.Dead-beat advice, but so important.So important in fact that many self-made millionaires and…
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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…