Everyone wants to know about Bitcoin these days. It continues to defy the odds and the pundits to keep climbing ever higher. Do you feel you’re missing out? Well, it might too late to get in on the ground floor with Bitcoin, but it’s not too late to start understanding how to buy it and how to hold onto it. There are many more cryptocurrencies out there as well. In this short ten-minute podcast, I talk about how to buy bitcoins, and the difference between wallets and exchanges.
To listen to the podcast, visit my Blubrry page here.
Check out my professional blog posts dealing with Bitcoin, cryptocurrencies (I hate that term!) and blockchain technologies at the investment and wealth website ValueWalk.com.
Choose a Wallet by checking out the selection at Bitcoin.org.
Check out some useful exchanges for buying and holding Bitcoin and other currencies. Be sure to do your homework first, to ensure the rates and terms of any exchange match your requirements.
Bitcoin and crypto investment is risky and volatile, and really requires your daily attention. Don’t forget I am always available to speak to your group or association on how to understand cryptocurrencies and blockchain technology. Check out my speaker page for more details.
I write for the finance and investment website ValueWalk. My post entitled I See a Black Moon Rising is now online. Here is an excerpt:
When companies launch their ICO, they issue crypto tokens in exchange for investment cash. The tokens are built on top of the blockchain platform, and their owners can trade them as they wish.
Sergey Vasin, Chief Investment Officer of Blackmoon points out, “Tokenized funds are more cost-efficient thanks to lower infrastructure and setup costs…This economy is transmitted to investors in the form of higher net return. For the cherry on top, fund tokens are also immediately tradable.”
This new economy gives rise to two major opportunities. First, the token-based investment process should be more transparent and auditable due to its blockchain roots. Secondly, this improved “open book” approach offers the potential to expand the market beyond cryptocurrencies and incorporate fiat currency into the portfolio.
I write for the finance and investment website ValueWalk. My post entitled How To Buy Bitcoin: A Guide For Beginners is now online. Here is an excerpt:
First, the Wallet
You’ll need a wallet. Not a nice leather billfold, because Bitcoins are not physical. There are no coins and no paper bills involved. It is all virtual. The Bitcoin wallet is an app that you can download to your phone, and your computer. It contains two 16-digit passwords: one is called a public key, and the other is a private key.
Quite simply, when you buy Bitcoin, your wallet sends your public key information to the vendor, the same way you would enter a credit card number into an online form. The public key tells the vendor’s app where to send the Bitcoin amount. The private key is the password you employ to confirm the transaction from your end. This one-time code is reviewed by the computers on the blockchain, who then approve the transaction unanimously as representing your receipt of a certain amount of Bitcoin. Once the code has been accepted by the computers on the blockchain, your wallet’s information will say it has some Bitcoin in it, and then the code is sealed permanently into the next block on the chain.