Early Facet

With Bitcoin price increasing over the years and reaching billions of dollars in market capitalization, all kinds of people see its value and appeal. This brings out both the good and bad in human nature. Unfortunately, with the bad comes scammers. The bottom line is scammers also want to profit somehow from Bitcoin, but through nefarious means. This typically involves targeting unprepared victims, who end up losing their Bitcoin as a result. In this guide we will walk you through the most common Bitcoin scams. We’ll show you how to spot them, and make sure you don’t become the next victim. Often on social media you’ll see a link saying something like “Buy bitcoin for 5% under market value. Save big!” This is a marketing trick to get you to visit and use their fake exchange. If you visit any exchange site the very first thing you want to do is make sure it’s HTTPS secured and not HTTP. This means that the web traffic is encrypted and secured; if it’s just HTTP without the “S”

The struggle for survival continues... Most times, yes life can be so unfair, favouring only the brave. It's a survival of the fittest. All humans need money to run their lives and businesses; the system have also been this way. People struggle to make ends meet, to survive, and to live better lives. In life, it is either you get rich, or you die trying. In the process of making fast money, it is either you get scammed, or become the scammer. This have resulted in the inventions of new brilliantly crafted schemes designed to trick people in order to make money out of them: I am talking about ponzi and matrix schemes. Yes that pyramid scheme or helping platform people invest in these days. Let's us take a look on how they work. What is a ponzi?  Ponzi is a scheme that uses the money of first or older investors to pay newer investors, and vice versa. They promise an increment in capital by some percentage over a very short period. The Claim: They may claim to be a tradin

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Initial Coin Offering(ICO) is the term used for unregulated means by which funds are raised for a new cryptocurrency. An Initial Coin Offering (ICO) is used by startups to overcome difficulties in raising regulated capital for the venture. Virtual currency is the future of trading. But they are becoming too much, and posing a risk on security. Day by day, week in, week out, a lot of ICOs are being launched. Many of these ICOs are scams: trying to deceive people into thinking they might be investing in the next bitcoin. Investing in an ICO is a great idea, but you must invest wisely, and not by GAMBLING away your hard earned money. Early investors of bitcoins are happy millionaires today, as the price of bitcoin have escalated over the years. In 2010 it was worth just $0.39 per 1btc. Investors who bought as high as hundreds, thousands, or higher value of bitcoins then, are now smiling to the bank, especially if they converted some to cash last year November when bitcoin was cloc

Ever since the increase in the price of bitcoin, many people have trooped in, trading with it, and some even investing in it. But the big question and mystery behind bitcoin is its originator. No surprise, the smallest unit of bitcoin (satoshi) was named after him. Satoshi Nakamoto, is the supposed name of the person or people that invented bitcoin. He devised the first blockchain database, hence solving the double problem spending for digital currency. Satoshi Nakamoto, claimed to be born on the 5th of April 1975 (42); he also claimed to be of Japanese origin. Speculation about the true identity of Nakamoto has mostly focused on a number of cryptography and computer science experts of non-Japanese descent, living in the United States and Europe. Satoshi Nakamoto also created the bitcointalk forum, posted the first message in 2009 under the pseudonym satoshi. Satoshi published a paper on cryptography mailing list metzdowd.com in 2008 about the bitcoin digital currency. It was t

Take for instance the owner of the most substantial amount of bitcoins located in one address which currently holds 167,000 BTC at the time of writing. The   wallet   started collecting BTC approximately two years ago when the address recorded its first deposit of roughly $840 dollars worth of BTC. Now there is $1.4 billion USD worth of BTC held in the wallet as thousands of coins have been collected since its inception. Coincidentally this bitcoin whale has been able to acquire a lot more BTC during each meteoric rise in value, and the typical dumps that follow soon after. In 2017 there have been six ‘major’ corrections that have seen BTC lose over 30 percent or more of its value, and this particular whale has gained more funds every single time.

Cryptocurrency enthusiasts understand that digital currencies often fluctuate in price and over the years many traders have been able to take advantage of these swings. Essentially if a trader can guess the top and sell their bitcoins, then follow that maneuver by buying back in at the bottom, that individual can gain a lot more coins. One particular group of BTC holders that have taken advantage of these swings time and time again  —  are the top 100 richest ‘ bitcoin whales .’ The individuals or groups of people known as bitcoin whales hold vast quantities of cryptocurrency and they can sometimes use their assets to ‘move the market.’ According to data collected from Bitinfocharts . com  most of the  100 richest BTC addresses  haven’t lost any money during the last 65 percent dip — In fact, their stacks of BTC increased exponentially.

Privacy:   One of the greatest aspects of Monero when compared to Bitcoin, is privacy. Any Bitcoin transactions you make on the blockchain network are visible to the public which is quite different than Monero. Monero is designed to be as anonymous as possible.  Given that privacy is part of the reason why cryptocurrencies have surged in the first place, it makes s complete sense that Monero’s value will continue to grow as more people learn of its highly anonymous transactions.  Scalability One of the most delimiting aspects of bitcoin is its slow transaction speeds. That’s been a big problem in recent weeks as more people take an interest in bitcoin. Monero is actually designed to eliminate this problem by having a scalable block size. As more people get to learn of this intrinsic strength of Monero, its price will grow even further.  WHY MONERO IS A BETTER BET THAN BITCOIN: With the above differences in mind, you are probably wondering, which one of the two has better prospec

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