Is Bitcoin a Ponzi Scheme?

Is Bitcoin a Ponzi Scheme?

Although the critics of Bitcoin don’t bring up this accusation as much as they did in the early days of cryptocurrencies, there are still a few people out there who believe that the digital currency is nothing more than a Ponzi scheme. These naysayers see the price of...

How to Store Bitcoins: Types of Bitcoin Wallets

The Bitcoin address together with the private key of the Bitcoin wallet are the two main components when purchasing goods and services with this cryptocurrency. Bitcoin wallets can be of different types, forms and designs, and their goal is to protect your bitcoins...
Is Bitcoin Secure?

Is Bitcoin Secure?

One of the main issues that has been holding back mass adoption of Bitcoin as a payment system and currency is the notion that it is not secure. There have been plenty of hacks and frauds in the Bitcoin ecosystem, so people who are unsure of the digital currency...
Is Bitcoin Legal?

Is Bitcoin Legal?

With all of the negative publicity related to drugs and investment scams found whenever Bitcoin is mentioned in the mainstream media, there are plenty of people out there who believe that the digital currency is illegal. While there have been harsh statements made in...
Where to Spend Bitcoins

Where to Spend Bitcoins

In the early days of Bitcoin, many critics would point out the fact that the digital commodity could not be considered money because there really wasn’t much you could do with it. Although there were a few websites that sold niche items, such as alpaca socks, there...
How to Get Paid with Bitcoins

How to Get Paid with Bitcoins

While Bitcoin is often hyped as one of the most revolutionary inventions of our time, there are still some issues when it comes to figuring out how it all works. Sending and receiving payments is not as straightforward as it will probably be in the future, and there...
How to Pay with Bitcoins

How to Pay with Bitcoins

How to Pay with Bitcoins Learning how to use Bitcoin can still be quite difficult for new users because the easy-to-use layers on top of the underlying protocol are still being created at this point in time. Having said that, most people who have used digital payment...
How to Get Bitcoins

How to Get Bitcoins

How to Get Bitcoins Once you’ve decided that you’d like to tryout this new Bitcoin phenomenon, it can be difficult to figure out where to get started. Having said that, the answer of how to get bitcoins is actually much easier than you may think. The best way to think...
Bitcoin Wallets

Bitcoin Wallets

If you’re just getting started with Bitcoin, then you’ll want to learn about all of the different ways you can store your coins. The Bitcoin wallet is the file that stores your private keys. These keys are what are used to sign transactions for certain Bitcoin...
What are the Advantages of Bitcoin?

What are the Advantages of Bitcoin?

Many people have become fascinated by Bitcoin over the past few years, but there are still plenty of individuals out there who don’t get the big picture. There are some people who have become devout Bitcoin evangelists after hearing about the world’s first successful...

What is Bitcoin?

If you try to find out about Bitcoin from someone on the Internet, you’re probably going to get a variety of different answers. Some will call it “digital cash”, while others will claim it is “gold 2.0”. While these short descriptions do a good job of pointing out...
Bitcoin Price Roundup: February 11, 2015

Bitcoin Price Roundup: February 11, 2015

Is the breakout on hold? In last week’s bitcoin price analysis, I concluded a weekly forecast with bearish expectations from $250 prices at the time. In case you missed it, here is a quote from last week “This week I expect bearish prices with targets as low as...