The first boom and bust of bitcoin

Blockchain technology has grabbed the eyes of mass and the result is the cryptocurrency. With the growing proliferation of Bitcoin, it has become a global fascination. There are many data researchers and computer experts joining hands together to understand the abstruse. The only thing that we know about Bitcoin is that it is a peer-to-peer money transfer system. The whole system is still secretive and no one is yet able to crack the algorithm to understand how the system will work. Satoshi Nakamoto, the pseudonymous creator of Bitcoin believes that it will provide much more privacy than the institutionalized banks and will decentralize the total transaction system.

The concept has led many developers to scratch their heads but to no use. However, we have become frivolous about the use of the cryptocurrency now. But, if sources were to be believed, then Bitcoin is the future. The stocks of the cryptocurrency have boomed high with great year-on-year value. But, economists now believe that Bitcoin and other cryptocurrencies are not a reliable source.

The rise and the fall

Many entrepreneurs believe that the financial crisis of 2008 led to the development of a decentralized system where there will be no intrusion of banks. This decentralized system led to the birth of the cryptocurrency system. It started off as peer-to-peer digital currency system and kicked off illegal dealings on the dark-web as an untraceable currency source. In the year 2017, the value of the digital currency soared to its highest value of $19,535 USD.

But, the zenith was just for a moment and 2018 saw a steep decline in its value to 3,829 USD leading to the belief that the soar was just a bubble ready to burst. The future of Bitcoin is still foggy. However, the recent trends in the cryptocurrencies might actually bring insight into the digital currency exchange.

3 Advantages You Should Consider Starting Using Bitcoin


There is a variety of reasons as to why you should use Bitcoin; you just need to know them in order to get hooked on this new and innovative system.

It is Tracked EasierBecause Bitcoin is a part of an internet database for money, your funds are more easily tracked for convenience and efficiency. This way, when you need documentation of purchases, deposits, or withdrawals, you can do so without any hassle. Also, this tracking system is more secure than using credit cards, as you are not required to put in any numbers or other information. Easier tracking is a good and viable reason as to why you should invest in this new monetary system.

It is FasterThese kind of coins are faster to process and receive on demand. You do not have to wait for a bank to approve a check or credit card. Instead, you are able to get the money instantaneously without any problems as long as they do not require confirmation. For those looking for a means of quick access and guaranteed withdrawal of funds, this digital system is the way to go.

It Sticks to a PriceFlat currency is prone to inflation, especially if it is part of a national banking system where rates fluctuate daily. Because the government can print whenever and however much money they like, this depreciates the value of flat currency. The electronic coin system works to combat this, as it is set to have a limit of 21 million coins, not allowing at all for the system to exceed this amount. This guarantees that there will be no inflation costs for you to worry about when you want to use your online banking account. Bitcoin can be an intimidating system to learn to use, but once you know how to use it, you will quickly see the benefits. You just need to know a few of the positives of Bitcoin. Pretty soon, you will be hooked on this new and innovate way of buying and trading digital money.

3 Ways to Earn Bitcoin


Finish Tasks on SitesA quick and easy way to earn coins is by completing different things on websites. You can do tasks such as watching videos, answering surveys and forums, helping with analytics, or opting to receive rewards for purchases using Bitcoin. Your return on investment is big here, as the time you put into getting the coins for finishing a task is very little. For those seeking an easy route to earning money, go online and get busy.

Get Tipped and Earn MoreIn this case, getting tipped is done electronically. In order to do this, you need to get a code with an address so that people can tip you. Your audiences tip you through online shopping or your blogs and websites.

This kind of earning is dependent on other people, so just be aware that fewer coins can be earned this way. However, if you have a large network of people, getting tipped is a good option.Trade that BitcoinBy trading coins, you can also make a profit. For example, you have to turn around and sell what you just bought almost instantly, making this form of trading very involved. A few consider online trading to be gambling, but there are a number of differences separating the two from each other and making it safe for you to trade. If you love the thrill of the game, then look into trading coins in order to earn more. Bitcoin can be hard to comprehend, but once you learn the fundamentals, you are set to get started. You can earn a lot of money by doing a variety of things; you just need to stay up to date on what you can do to earn Bitcoin. Once you get started in the cycle of things, you will not be able to stop, making you more money and more profit overall.

Vera John Begins Accepting the Notorious Digital Currency, Bitcoin

VeraJohnLogoBack when Bitcoin launched in 2008 under the guise of an anonymous programmer and his/her arsenal of algorithms, few people even realized its potential. Go forward three years, and a single Bitcoin is worth in excess of $1,200 or 2,000 euros. Sure, Bitcoin has wavered off a bit after that grand buzz in the mainstream market has settled down. But its stability is not an indication of its failure. Bitcoin likely has a long and healthy future, and it is companies like Vera John pushing the envelope in its use and implementation.

Vera John has begun to accept Bitcoin in its games. The online casino will allow users to gamble with their Bitcoin, becoming the first major web casino to do so while also accepting other currencies concurrently. Many websites have implemented Bitcoin gambling, but they do so exclusively. The major difference here is that Vera John is embracing Bitcoin while also be open to other currencies. This is an essential difference, because it means that Bitcoin will be regulated and reviewed similar to the euro. This gives it that authenticity many Bitcoin enthusiasts have been seeking.

The future of Bitcoin is not known, and Vera John is hedging their bets to see if the famous currency has legs. This small step will likely mean a lot more for this innovative online casino. Right now, a single Bitcoin is worth 700 euros. This number could change at any minute, for better or worse. But tis fluctuation is part of what makes it so exciting and thought-provoking.