Why did China Ban Bitcoin Mining? The Chinese government banned Bitcoin mining on 6/9/2021 due to blackouts, energy shortages, and an unbalanced energy grid. Many companies (and now countries – looking at you El Salvador!) mine Bitcoin using stranded energy or renewables, but most miners in China were using coal. … Read More
What is Bitcoin? Part 2: Technology
As we discussed in our 1st ‘What is Bitcoin’ post, Bitcoin is the product of a decade’s long technological trial and error process. Numerous innovators and philosophers had an obvious and significant impact on the product that launched in 2009. Here is a link to the original Bitcoin whitepaper, written … Read More
Cryptocurrency Guide: Ethereum
What is Ethereum? Ethereum is a very ambitious blockchain platform that seeks to decentralize products, services, contracts, and relationships. Bitcoin’s short term use case is to be Gold 2.0 (with layers of projects built on top) while Ethereum is frequently compared to oil that fuels the network and powers all … Read More
Cryptocurrency Guide: Bitcoin
What is Bitcoin? Bitcoin is a fundamentally new, innovative way to transfer and store value without the need for trusted 3rd parties (banks, companies, or governments). Bitcoin can be sent from one individual to another with no authority to oversee, cancel, or edit the transaction. The monetary properties of a … Read More
Why HODL Bitcoin?
First things first. What does HODL mean?! HODL is a Bitcoin acronym that stands for: Hold On for Dear Life. At its core, HODLing means you are a long term investor of an asset and are not influenced by short term price volatility. Where did HODL come from? HODL originated … Read More
Frequently Asked Questions (FAQs)
What is Bitcoin? Bitcoin is a digital currency that lives on the internet and has many of the monetary qualities of gold. This is why Bitcoin is frequently called “digital gold”. Who created Bitcoin? Satoshi Nakamoto. Satoshi is a pseudonym for the person, or group of people, who created the … Read More
Why Trade Crypto?
There are Two Types of Cryptocurrency Investors The crypto industry has been growing at an incredible rate over the last decade, and has proven that there is a lot of money to be made (and lost). For some, the money is made similarly to long term investors in a company … Read More
The Bitcoin Revolution
Bitcoin Begins Bitcoin was born in 2009 after one of the worst economic bubbles in the history of the United States burst. Politicians and bankers conspired to pass corrupt legislation and push unethical business practices that enabled greed, dishonesty, and purposefully complex investment vehicles that almost bankrupt the country. Virtually … Read More
What is Bitcoin? Part 3: Principles of Money
Bitcoin Critiques and FUD (Fear, Uncertainty, Doubt) Much has been said about Bitcoin as a medium of exchange, money, and store of value. Here are just a few of the cliched talking points spouted by many in legacy finance: Bitcoin is based on nothing and has no value. Bitcoin is … Read More
Best Cryptocurrency Exchanges of 2021 For HODLers
#1 Exchange for HODLers in 2021: Binance.US Rating: 96.0 / 100 We have rated Binance.US as our top cryptocurrency trading platform for HODLers. How We Choose: First, what is a HODLer? H-O-D-L stands means: Hold On for Dear Life and references Bitcoin’s volatility (usually to the upside!). You have long-term … Read More
Best Cryptocurrency Exchanges of 2021 For Traders
#1 Exchange for Traders in 2021: CEX.io Rating: 97.5 / 100 We have rated CEX.io as being our top cryptocurrency trading platform for Traders. How We Choose: Choosing a trusted cryptocurrency exchange is an extremely important step in your crypto goals. New online cryptocurrency trading brokerages pop up all the … Read More
Best Cryptocurrency Exchanges of 2021 Overall
#1 Exchange of 2021: Binance US Rating: 85.5 / 100 Rating: 85.5 / 100 We have rated Binance US as being our top cryptocurrency trading platform. How We Choose: Choosing a trusted cryptocurrency exchange is an extremely important step in your crypto goals. New online cryptocurrency trading brokerages pop up … Read More
What is Bitcoin? Part 1: Origins
Bitcoin has come a long way in a very short amount of time. In this essay we’ll dive into the inspirations, pre-Bitcoin innovations, and origins of Bitcoin. The Bitcoin whitepaper (https://bitcoin.org/bitcoin.pdf) was published October 31st, 2008 under the pseudonym Satoshi Nakamoto to gauge interest and request feedback in an experimental … Read More