Online Bitcoin Trading: Discover The Keys To Earning A Formidable Income Trading Bitcoin

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Step 1 – Understanding Bitcoin And The Block-Chain

Bitcoin is a peer-to-peer payment system, otherwise known as electronic money or virtual currency. It offers a twenty-first century alternative to brick and mortar banking. Exchanges are made via “e wallet software”. The bitcoin has actually subverted the traditional banking system, while operating outside of government regulations.

Bitcoin uses state-of-the-art cryptography, can be issued in any fractional denomination, and has a decentralized distribution system, is in high demand globally and offers several distinct advantages over other currencies such as the US dollar. For one, it can never be garnished or frozen by the bank(s) or a government agency.

Back in 2009, when the bitcoin was worth just ten cents per coin, you would have turned a thousand dollars into millions, if you waited just eight years. The number of bitcoins available to be purchased is limited to 21,000,000. At the time that this article was written, the total bitcoins in circulation was 16,275,288, which means that the percentage of total bitcoins “mined” was 77.5%. at that time. The current value of one bitcoin, at the time that this article was written, was $1,214.70 USD.

According to Bill Gates, “Bit coin is exciting and better than currency”. Bitcoin is a de-centralized form of currency. There is no longer any need to have a “trusted, third-party” involved with any transactions. By taking the banks out of the equation, you are also eliminating the lion’s share of each transaction fee. In addition, the amount of time required to move money from point A to point B, is reduced formidably.

The largest transaction to ever take place using bitcoin is one hundred and fifty million dollars. This transaction took place in seconds with minimal fee’s. In order to transfer large sums of money using a “trusted third-party”, it would take days and cost hundreds if not thousands of dollars. This explains why the banks are violently opposed to people buying, selling, trading, transferring and spending bitcoins.

Only.003% of the worlds (250,000) population is estimated to hold at least one bitcoin. And only 24% of the population know what it is. Bitcoin transactions are entered chronologically in a ‘blockchain’ just the way bank transactions are. Blocks, meanwhile, are like individual bank statements. In other words, blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. To use conventional banking as an analogy, the blockchain is like a full history of banking transactions.

Step 2 – Setting Up Your E Wallet Software Account

As soon as you create your own unique e wallet software account, you will have the ability to transfer funds from your e wallet to a recipients e wallet, in the form of bitcoin. If you would like to use a bitcoin ATM to withdraw funds from your account, essentially you will link your e wallet ‘address’ to the chosen ATM machines e wallet ‘address’. To facilitate the transfer of your funds in bitcoin to and from a trading platform, you will simply link your e wallet ‘address’ to the e wallet ‘address’ of your chosen trading platform. In actuality, it is much easier than it sounds. The learning curve in relation to using your e wallet, is very short.

To set up an e wallet, there are a myriad of company’s online that offer safe, secure, free and turn-key e-wallet solutions. A simple Google search will help you find the right e wallet software for you, depending upon what your needs are exactly. Many people get started using a “blockchain” account. This is free to set up and very secure. You have the option of setting up a two-tier login protocol, to further enhance the safety and security, in relation to your e wallet account, essentially protecting your account from being hacked into.

There are many options when it comes to setting up your e wallet. A good place to start is with a company called QuadrigaCX. You can find them by doing a Google search. Quadrigacx employs some of the most stringent security protocols that currently exist. Furthermore, Bitcoins that are funded in QuadrigaCX are stored in cold storage, using some of the most secure cryptographic procedures possible. In other words, it is a very safe place for your bitcoin and other digital currencies.

In order to withdraw money in your local currency, from your e wallet, you are required to locate a bitcoin ATM, which can often be found in local businesses within most major cities. Bitcoin ATM’s can be located by doing a simple Google search.

Step 3 – Purchase Any Fractional Denomination Of Bitcoin

To buy any amount of bitcoin, you are required to deal with a digital currency broker. As with any currency broker, you will have to pay the broker a fee, when you purchase your bitcoin. It is possible to buy.1 of of bitcoin or less if that is all that you would like to purchase. The cost is simply based on the current market value of a full bitcoin at any given time.

There are a myriad of bitcoin brokers online. A simple Google search will allow you to easily source out the best one for you. It is always a good idea to compare their rates prior to proceeding with a purchase. You should also confirm the rate of a bitcoin online, prior to making a purchase through a broker, as the rate does tend to fluctuate frequently.

Step 4 – Stay Away From Any Trading Platfrom Promising Unrealistic Returns To Unsuspecting Investors

Finding a reputable bitcoin trading company that offers a high return is paramount to your online success. Earning 1% per day is considered a high return in this industry. Earning 10% per day is impossible. With online bitcoin trading, it is feasible to double your digital currency within ninety days. You must avoid being lured by any company that is offering returns such as 10% per day. This type of a return is not realistic with digital currency trading. There is a company called Coinexpro that was offering 10% per day to bitcoin traders. And it ended up being a ponzi scheme. If it’s 10% per day, walk away. The aforementioned trading platform appeared to be very sophisticated and came across as being legitimate. My advice is to focus on trading your bitcoin with a company that offers reasonable returns such as 1% per day. There will be other companies that will attempt to separate you from your bitcoin using unscrupulous methods. Be very cautious when it comes to any company that is offering unrealistic returns. Once you transfer your bitcoin to a recipient, there is literally nothing your can do to get it back. You must ensure that your chosen trading company is fully automated & integrated with blockchain, from receipt to payment. More importantly, it is crucial that you learn to differentiate legitimate trading opportunities from unscrupulous “company’s” that are experts when it comes to separating it’s clients from their money. The bitcoin and other digital currencies are not the issue. It is the trading platforms that you must exercise caution with, prior to handing over your hard-earned money.

Your ROI should also be upwards of 1%+ per day because the trading company that you are lending your bitcoin to, is most likely earning upwards of 5%+ per day, on average. Your ROI must also be automatically transferred into your “e-wallet” at regular intervals, throughout your contract term. There is only one platform that I feel comfortable using. It pay’s each bitcoin investor/trader 1.1% per day in interest as well as 1.1% per day in capital. This type of a return is staggering compared to what you would earn with traditional financial markets, however, with crypto currency, it is common. Most banks will payout 2% per year!

If you are required to conduct tedious activities such as logging into your account, sending e mails, clicking on links etc, you definitely need to keep searching for a suitable trading company that offers a set-it-and-forget-it type of platform, as they absolutely exist.

HashFlare

Source by Brett Steiner

Online Bitcoin Trading: Discover The Keys To Earning A Formidable Income Trading Bitcoin

HashFlare

Step 1 – Understanding Bitcoin And The Block-Chain

Bitcoin is a peer-to-peer payment system, otherwise known as electronic money or virtual currency. It offers a twenty-first century alternative to brick and mortar banking. Exchanges are made via “e wallet software”. The bitcoin has actually subverted the traditional banking system, while operating outside of government regulations.

Bitcoin uses state-of-the-art cryptography, can be issued in any fractional denomination, and has a decentralized distribution system, is in high demand globally and offers several distinct advantages over other currencies such as the US dollar. For one, it can never be garnished or frozen by the bank(s) or a government agency.

Back in 2009, when the bitcoin was worth just ten cents per coin, you would have turned a thousand dollars into millions, if you waited just eight years. The number of bitcoins available to be purchased is limited to 21,000,000. At the time that this article was written, the total bitcoins in circulation was 16,275,288, which means that the percentage of total bitcoins “mined” was 77.5%. at that time. The current value of one bitcoin, at the time that this article was written, was $1,214.70 USD.

According to Bill Gates, “Bit coin is exciting and better than currency”. Bitcoin is a de-centralized form of currency. There is no longer any need to have a “trusted, third-party” involved with any transactions. By taking the banks out of the equation, you are also eliminating the lion’s share of each transaction fee. In addition, the amount of time required to move money from point A to point B, is reduced formidably.

The largest transaction to ever take place using bitcoin is one hundred and fifty million dollars. This transaction took place in seconds with minimal fee’s. In order to transfer large sums of money using a “trusted third-party”, it would take days and cost hundreds if not thousands of dollars. This explains why the banks are violently opposed to people buying, selling, trading, transferring and spending bitcoins.

Only.003% of the worlds (250,000) population is estimated to hold at least one bitcoin. And only 24% of the population know what it is. Bitcoin transactions are entered chronologically in a ‘blockchain’ just the way bank transactions are. Blocks, meanwhile, are like individual bank statements. In other words, blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. To use conventional banking as an analogy, the blockchain is like a full history of banking transactions.

Step 2 – Setting Up Your E Wallet Software Account

As soon as you create your own unique e wallet software account, you will have the ability to transfer funds from your e wallet to a recipients e wallet, in the form of bitcoin. If you would like to use a bitcoin ATM to withdraw funds from your account, essentially you will link your e wallet ‘address’ to the chosen ATM machines e wallet ‘address’. To facilitate the transfer of your funds in bitcoin to and from a trading platform, you will simply link your e wallet ‘address’ to the e wallet ‘address’ of your chosen trading platform. In actuality, it is much easier than it sounds. The learning curve in relation to using your e wallet, is very short.

To set up an e wallet, there are a myriad of company’s online that offer safe, secure, free and turn-key e-wallet solutions. A simple Google search will help you find the right e wallet software for you, depending upon what your needs are exactly. Many people get started using a “blockchain” account. This is free to set up and very secure. You have the option of setting up a two-tier login protocol, to further enhance the safety and security, in relation to your e wallet account, essentially protecting your account from being hacked into.

There are many options when it comes to setting up your e wallet. A good place to start is with a company called QuadrigaCX. You can find them by doing a Google search. Quadrigacx employs some of the most stringent security protocols that currently exist. Furthermore, Bitcoins that are funded in QuadrigaCX are stored in cold storage, using some of the most secure cryptographic procedures possible. In other words, it is a very safe place for your bitcoin and other digital currencies.

In order to withdraw money in your local currency, from your e wallet, you are required to locate a bitcoin ATM, which can often be found in local businesses within most major cities. Bitcoin ATM’s can be located by doing a simple Google search.

Step 3 – Purchase Any Fractional Denomination Of Bitcoin

To buy any amount of bitcoin, you are required to deal with a digital currency broker. As with any currency broker, you will have to pay the broker a fee, when you purchase your bitcoin. It is possible to buy.1 of of bitcoin or less if that is all that you would like to purchase. The cost is simply based on the current market value of a full bitcoin at any given time.

There are a myriad of bitcoin brokers online. A simple Google search will allow you to easily source out the best one for you. It is always a good idea to compare their rates prior to proceeding with a purchase. You should also confirm the rate of a bitcoin online, prior to making a purchase through a broker, as the rate does tend to fluctuate frequently.

Step 4 – Stay Away From Any Trading Platfrom Promising Unrealistic Returns To Unsuspecting Investors

Finding a reputable bitcoin trading company that offers a high return is paramount to your online success. Earning 1% per day is considered a high return in this industry. Earning 10% per day is impossible. With online bitcoin trading, it is feasible to double your digital currency within ninety days. You must avoid being lured by any company that is offering returns such as 10% per day. This type of a return is not realistic with digital currency trading. There is a company called Coinexpro that was offering 10% per day to bitcoin traders. And it ended up being a ponzi scheme. If it’s 10% per day, walk away. The aforementioned trading platform appeared to be very sophisticated and came across as being legitimate. My advice is to focus on trading your bitcoin with a company that offers reasonable returns such as 1% per day. There will be other companies that will attempt to separate you from your bitcoin using unscrupulous methods. Be very cautious when it comes to any company that is offering unrealistic returns. Once you transfer your bitcoin to a recipient, there is literally nothing your can do to get it back. You must ensure that your chosen trading company is fully automated & integrated with blockchain, from receipt to payment. More importantly, it is crucial that you learn to differentiate legitimate trading opportunities from unscrupulous “company’s” that are experts when it comes to separating it’s clients from their money. The bitcoin and other digital currencies are not the issue. It is the trading platforms that you must exercise caution with, prior to handing over your hard-earned money.

Your ROI should also be upwards of 1%+ per day because the trading company that you are lending your bitcoin to, is most likely earning upwards of 5%+ per day, on average. Your ROI must also be automatically transferred into your “e-wallet” at regular intervals, throughout your contract term. There is only one platform that I feel comfortable using. It pay’s each bitcoin investor/trader 1.1% per day in interest as well as 1.1% per day in capital. This type of a return is staggering compared to what you would earn with traditional financial markets, however, with crypto currency, it is common. Most banks will payout 2% per year!

If you are required to conduct tedious activities such as logging into your account, sending e mails, clicking on links etc, you definitely need to keep searching for a suitable trading company that offers a set-it-and-forget-it type of platform, as they absolutely exist.

HashFlare

Source by Brett Steiner

Stay Broke Not Poor

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Stay broke! You heard me, stay broke but not poor. What is the difference? Broke is a temporary situation. Broke people have money they just misuse it. Poor is being destitute or lacking sufficient resources. I got this from Grant Cardone’s, The Millionaire Booklet. It also aligns with Dave Ramsey’s concept of naming every dollar.

This is about increasing cash flow and wealth building. Staying broke is a financial strategy to help you reach financial freedom. What does staying broke not poor really mean? First, it means having a monthly cashflow plan (budget). Second, you are practicing delayed gratification. Third, reinvesting your money into yourself and your business.

This is for wealth builders. Those entrepreneurs who are not playing average. The average business owner in the United states makes less $25,000 per year. 91% of all small businesses earn less than $250,000 per year and 80% of entrepreneurs are failing within 18 months of start-up. Playing average sucks. So don’t play average.

Perfect Examples

You see examples of entertainers and athletes who get paid big and a few years later are filing bankruptcy. There is no shortage of stories of athletes or entertainers that have filed bankruptcy or have became broke after a big payday. Top draft picks start buying toys, living lavishly, or make bad business decisions. Entertainers throw big parties, “buy” the bar, and get into debt buying things they can’t afford.

You check out Wikipedia for the statistics of famous people going broke or filing bankruptcy. These are prime examples of people who got big paychecks but did not stay broke. Athletes have a short career. There is a short window for them to produce a huge amount of income. Entertainers have to stay relevant in their industry before the well runs dry. You, as an entrepreneur, have the ability to continue to produce.

Stay Broke

Understand that I am not telling you to cramp your current lifestyle. Staying broke requires discipline. It is making sure that you focus 95% of your time building your biggest assets. Which is you and your business. Grow faster by staying on a budget and reinvesting in your business.

People underestimate how long it takes to be successful in generating positive cashflow. They do not prepare for the peaks and valleys that are going to occur. Furthermore they are not ready for the lean times or when a part of their business fails. But staying broke can help you weather the storm that comes.

5.5 Aspects of Staying Broke

1.Cashflow Plan – In order to stay broke you have to know where your money is going. Everyone needs a cashflow plan. Know where every dollar is going. Give every cent an assignment. Money that doesn’t have an assignment tends to get lost. Tracking your dollars keeps you out of financial trouble. Money that hangs around with no purpose gets spent, wasted, or blown.

2. Delayed Gratification – I made this mistake often. I would spend my bonuses and every huge increase. I was naive to think it will always come in. I didn’t save or reinvest into my business. Thus I became broke and homeless. “Ballin” is stupid. Especially when you don’t have the assets to support it. Leave the flashiness behind. Forget impressing people and being “turnt up”.

That big client you just landed doesn’t signal it’s time to spend and get stupid with the new increase. Delay that impulse. Put that money back into your business to create more revenue. Go land some more big clients. Delay indulgence now so you can indulge later when you are financial free.

3. Increase Income – Income is king and this is the only thing that matters. Remember, we are not playing average. Businesses succeed when revenue increases. Incremental increase is key. Going from $4k per month to $4 million over night is nearly impossible. Look to double your income over the next several months. Always look to increase revenue. More sales = success.

4. Sacred Accounts – Put all that extra income into Sacred Accounts. When something is sacred you do not touch it. You don’t violated it. This money is for future use to help create more assets. I have a real estate account which I haven’t touched in years. I put a portion of my income into it every month. All of my extra cash goes into that account and I don’t touch it.

You are saving to invest. Not saving to save. This money is designated to a future purpose to create more income. It could be a second business, real estate, or something else that will increase your income flows. The key is… you are not just saving. You are studying while you are saving and learning about your next investment.

Understand it could be years before you pull the trigger. I have saved in my real estate account for 2 years. I am studying and active in the areas I want to invest in. Study while you save.

5. Reinvest Your Profits – A part goes to your sacred accounts. Reinvest the rest after all your necessities are taken care of. Put that the money back into your business and yourself. Need to invest in coaching to get better? Then do it.

5.5 These Things Take Time – Idea + Hard Work x Time + Discipline = Success. Are you committed to getting rich? How serious are you about creating wealth? I don’t know how long it will take you to produce a six figure income. I do know it takes work, time, discipline, and access to capital. My mentor went from welfare to earning $10 million dollars in less than 3 years.

Game Time

Success takes time. Stay broke and continue to grind. The choice to stay broke is yours. You are voluntarily choosing to build your business so you can be financially free later. “Pay the price now so you can pay the any price later”.-Grant Cardone

HashFlare

Source by Charles Fitzgerald Butler

Leather – Why It’s So Bad, What’s The Alternative?

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Are you a vegan? Vegetarian? If so then I expect that you already have your views on why leather is ‘bad’. It is a by-product, sometimes referred to as a co-product, of the animal food industry. This article explains more about the ‘down’ side to leather – the well-known product that is used for all sorts of items, from furniture, car seats and belts to shoes, clothing and handbags.

First of all, what is it? Leather is a material created through the tanning of hides, pelts and skins of animals, primarily cows – but… whose skin are you in? When the milk production of cows on dairy farms decreases, the cows are killed and their skins are made into leather. The hides of their calves, who are frequently raised for veal, are made into high-priced calfskin.

Leather is also made from horses, sheep, lambs, goats, and pigs who are slaughtered for meat. Other species of animals are hunted and killed specifically for their skins, including zebras, bison, water buffaloes, boars, kangaroos, elephants, eels, sharks, dolphins, seals, walruses, frogs, turtles, crocodiles, lizards, and snakes.

But, you say, it looks good and feels good – sitting in your leather couch, your leather car seat, paying your bills with that calf-skin wallet, carrying that leather handbag or briefcase. How about that it wears well? Kangaroo leather is favoured by motorcyclists specifically because of its lighter weight and higher abrasion resistance as compared to cowhide. Leather car seats last longer than material ones, don’t they?

There are yes and no comments to that. Leather needs to be chemically treated to ensure it does not rot. Lots of chemicals…

Since ancient times, human beings used animal skins and learned to make them leather. The process of using chemicals to turn skins into leather is called tanning. The leather making is a combination of series of processes that starts from skin recovery to curing, soaking and unhairing, deliming and bathing, to vegetable or mineral tanning, lubrication and dyeing, and finally to finishing.

Leather Is Bad for Human Health

Mordants and other chemicals often used to treat leather are linked to nervous disorders, asthma, premature death, gynaecological disorders, weakness, dizziness, headaches, abdominal pain, nausea, constipation, skin and respiratory infections, cancer and other serious illnesses. According to an investigation by the New York State Department of Health, the National Institute for Occupational Safety and Health and other agencies, those who work in tanneries may be greatly increasing their risk of testicular cancer. The US Centers for Disease Control and Prevention found that in an area near one Kentucky leather tannery, the incidence of leukaemia was five times the national average.

Hmm… perhaps we shouldn’t be so quick to purchase that leather lounge suite?

Leather Is Bad for the Environment

Although some leather makers deceptively tout their products as “eco-friendly,” turning skin into leather also requires massive amounts of energy and dangerous chemicals. Often, animal skins used for leather are kept from biodegrading (going rotten) by using a variety of dangerous substances, including mineral salts (chromium, aluminium, iron and zirconium), formaldehyde, coal-tar derivatives and various oils and dyes, some of which are cyanide-based. All waste containing chromium is considered hazardous by the US Environmental Protection Agency (EPA) and other bodies.

In an attempt to appear environmentally conscious, some tanneries are now trying to make improvements, but even if tanneries did not create any pollution, leather would still be bad for the environment. A spokesperson for the largest supplier of leather to automakers in the US said, ‘The last thing we want is people thinking we’re burning down rain forests for cattle just to put leather in big sport-utes’. But consider this: nearly half of all water used in the US is used to raise animals for meat and leather! According to the EPA, factory farms are the biggest source of pollution of rivers, streams and lakes. In December 1997, the US Senate Agricultural Committee released a report that stated that animals raised for food and leather produce 130 times as much excrement as the entire human population – without the benefit of waste-treatment systems. A Scripps Howard synopsis of the report stated, ‘Catastrophic cases of pollution, sickness, and death are occurring in areas where livestock operations are concentrated’.

Locally (in Africa), since 1988, some 30 tanneries in Ethiopia, Kenya, Malawi, Namibia, the Sudan, Uganda, the United Republic of Tanzania, Zambia and Zimbabwe have received assistance in pollution control focused on the establishment or upgrading of effluent treatment facilities.

Hmmm… it all sounds yucky to me. But what can we use instead of animal leather that is better for us, the animals, the planet?

What about the alternatives?

Many pseudo-leather materials have been developed, allowing those who wish to wear leather-like garments to do so without actually wearing leather. One example of this is vegan microfiber, which claims to be stronger than leather when manufactured with strength in mind. Vinyl materials, Pleather, Durabuck, NuSuede, Hydrolite, and other alternatives exist, providing some features similar to leather.

Faux leather made by Ultrafabrics has, according to the company’s Web site, ‘features to protect the environment like a 100% biodegradable backcloth, no plasticizers, no stabilizers, no adhesives, extensive recycling in the manufacturing process-and no need for potentially toxic after-care’.

You want non-leather handbags, shoes, wallets, belts… there are many reputable companies out there to help you with your new choices. Check out the Internet for names. Yes a lot are in the US and the UK but you can order safely on line. There are plenty of places in South Africa where you can buy faux leather articles… do a search on Google to find out for yourself!

When you buy shoes, check out what they are made of. There should be a label on the bottom or the inside to tell you if the shoe is produced from man-made materials or leather. If you don’t see the label, just ask the store manager what they are made from. That is what I do. I always explain that I need to know because I am allergic to leather (morally allergic that is).

What about the leather car seats? Can’t order faux leather for them. True. But there are alternatives. Even in high-end vehicles, leather seats are becoming something of an anachronism. Leather seats are hot in the summer and very cold in the winter. Yes I know you can get them heated and cooled… but why not help the environment (and the animals too if you care for them) by buying non-leather seats.

Final thought

Wearing leather hurts animals, the environment, and the people who produce it. Care for the planet and all the species that inhabit it by buying readily-available alternatives.

HashFlare

Source by Maureen Cram

Gemstones – How to Broker Your Way to Millions

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I’ve seen folks go bankrupt whilst they busied themselves trying to invest hard-earned cash in gemstones in the hope of making a fortune. I hate to sound pessimistic-because I’m always an optimist-but something almost always goes wrong. Don’t ask me why, it’s just my observation over time and I’m sure a lot of entrepreneurs in the gems industry will attest to that. Unless you have a bottomless bank account the only risk-free way to make money in gemstones is by becoming a broker. As a broker, you neither invest in mining, nor buy gemstones for resale. You simply broker deals and earn lucrative commissions. Nothing makes more sense than that. This article will offer tips on how to become a gemstone broker without investing a dime of your hard-earned money.

Making money in gemstones doesn’t always involve mining, and or buying and selling. If you ask me, buying stones in order to resell can be very risky…for any number of reasons. Yes, there are countless reasons why you can quickly lose money and go bankrupt before you’ve even made your first sale. Here are some of the reasons why: the stones you purchased from that dealer down the road were not of the quality your buyer had expected-and so your merchandise was rejected and your seller won’t take them back; the stones were fake or synthetic imitations and you hadn’t spotted that; or you’d got the real-deal item but somehow the seller swapped them over for inferior (or fake) stones whence you weren’t looking. I won’t delve into this because that isn’t the purpose of this article. So how then do you get around all of these charlatans?

It’s quite simple. You simply broker the deals and take a commission from both the buyer and the seller. Thanks to the Internet it is fairly easy to find suitable contacts online. Try the social networks like Facebook and Twitter and start connecting with prospective buyers and sellers. Ideally, you’ll want to find entrepreneurs who are selling gemstones, and to connect them to potential buyers for a commission. You can demand anywhere from 1% to 20% of the value of the transaction. It all depends on WHAT stones you’re brokering and HOW in-demand they are. I’ll give you one quick example. You’re likely to get 1% on a diamond deal and up to 20% on colored stones. The former has a high price tag (hence the lower commission), and the latter is usually priced relatively lower. That should give you an idea. Be creative in your marketing, be honest, and most importantly be willing to learn. These are the three qualities that will define you and your business. You have to earn this. You can’t buy it. With so many unscrupulous people looking to make money for nothing, you’ll want to be amongst the reliable and trustworthy of the pack. It will do your business a world of good.

In conclusion: contrary to what many would imagine, making money in the gemstone industry isn’t always about investing hard-earned cash in mining or buying stones in order to resell for profit. Sadly, many have poured money down the drain this way and gotten seriously bankrupt because of it. There is another way. Become a gems broker and earn a commission from both the buyer and the seller… without investing a dime into the business. Depending on what gemstones you’re brokering you’ll earn anywhere from 1% to 20% commission as a broker. Use social networks (Facebook, Twitter etc.), forums and such like to find potential business partners. It is quite easy when you put your mind to it. But what is tremendously important and likely to ensure your longevity in the business is when you conduct your business with honesty, an eagerness to learn, and a lot of creativity thrown in for good measure.

HashFlare

Source by Anthony J. Namata

Online Bitcoin Trading: Discover The Keys To Earning A Formidable Income Trading Bitcoin

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Step 1 – Understanding Bitcoin And The Block-Chain

Bitcoin is a peer-to-peer payment system, otherwise known as electronic money or virtual currency. It offers a twenty-first century alternative to brick and mortar banking. Exchanges are made via “e wallet software”. The bitcoin has actually subverted the traditional banking system, while operating outside of government regulations.

Bitcoin uses state-of-the-art cryptography, can be issued in any fractional denomination, and has a decentralized distribution system, is in high demand globally and offers several distinct advantages over other currencies such as the US dollar. For one, it can never be garnished or frozen by the bank(s) or a government agency.

Back in 2009, when the bitcoin was worth just ten cents per coin, you would have turned a thousand dollars into millions, if you waited just eight years. The number of bitcoins available to be purchased is limited to 21,000,000. At the time that this article was written, the total bitcoins in circulation was 16,275,288, which means that the percentage of total bitcoins “mined” was 77.5%. at that time. The current value of one bitcoin, at the time that this article was written, was $1,214.70 USD.

According to Bill Gates, “Bit coin is exciting and better than currency”. Bitcoin is a de-centralized form of currency. There is no longer any need to have a “trusted, third-party” involved with any transactions. By taking the banks out of the equation, you are also eliminating the lion’s share of each transaction fee. In addition, the amount of time required to move money from point A to point B, is reduced formidably.

The largest transaction to ever take place using bitcoin is one hundred and fifty million dollars. This transaction took place in seconds with minimal fee’s. In order to transfer large sums of money using a “trusted third-party”, it would take days and cost hundreds if not thousands of dollars. This explains why the banks are violently opposed to people buying, selling, trading, transferring and spending bitcoins.

Only.003% of the worlds (250,000) population is estimated to hold at least one bitcoin. And only 24% of the population know what it is. Bitcoin transactions are entered chronologically in a ‘blockchain’ just the way bank transactions are. Blocks, meanwhile, are like individual bank statements. In other words, blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. To use conventional banking as an analogy, the blockchain is like a full history of banking transactions.

Step 2 – Setting Up Your E Wallet Software Account

As soon as you create your own unique e wallet software account, you will have the ability to transfer funds from your e wallet to a recipients e wallet, in the form of bitcoin. If you would like to use a bitcoin ATM to withdraw funds from your account, essentially you will link your e wallet ‘address’ to the chosen ATM machines e wallet ‘address’. To facilitate the transfer of your funds in bitcoin to and from a trading platform, you will simply link your e wallet ‘address’ to the e wallet ‘address’ of your chosen trading platform. In actuality, it is much easier than it sounds. The learning curve in relation to using your e wallet, is very short.

To set up an e wallet, there are a myriad of company’s online that offer safe, secure, free and turn-key e-wallet solutions. A simple Google search will help you find the right e wallet software for you, depending upon what your needs are exactly. Many people get started using a “blockchain” account. This is free to set up and very secure. You have the option of setting up a two-tier login protocol, to further enhance the safety and security, in relation to your e wallet account, essentially protecting your account from being hacked into.

There are many options when it comes to setting up your e wallet. A good place to start is with a company called QuadrigaCX. You can find them by doing a Google search. Quadrigacx employs some of the most stringent security protocols that currently exist. Furthermore, Bitcoins that are funded in QuadrigaCX are stored in cold storage, using some of the most secure cryptographic procedures possible. In other words, it is a very safe place for your bitcoin and other digital currencies.

In order to withdraw money in your local currency, from your e wallet, you are required to locate a bitcoin ATM, which can often be found in local businesses within most major cities. Bitcoin ATM’s can be located by doing a simple Google search.

Step 3 – Purchase Any Fractional Denomination Of Bitcoin

To buy any amount of bitcoin, you are required to deal with a digital currency broker. As with any currency broker, you will have to pay the broker a fee, when you purchase your bitcoin. It is possible to buy.1 of of bitcoin or less if that is all that you would like to purchase. The cost is simply based on the current market value of a full bitcoin at any given time.

There are a myriad of bitcoin brokers online. A simple Google search will allow you to easily source out the best one for you. It is always a good idea to compare their rates prior to proceeding with a purchase. You should also confirm the rate of a bitcoin online, prior to making a purchase through a broker, as the rate does tend to fluctuate frequently.

Step 4 – Stay Away From Any Trading Platfrom Promising Unrealistic Returns To Unsuspecting Investors

Finding a reputable bitcoin trading company that offers a high return is paramount to your online success. Earning 1% per day is considered a high return in this industry. Earning 10% per day is impossible. With online bitcoin trading, it is feasible to double your digital currency within ninety days. You must avoid being lured by any company that is offering returns such as 10% per day. This type of a return is not realistic with digital currency trading. There is a company called Coinexpro that was offering 10% per day to bitcoin traders. And it ended up being a ponzi scheme. If it’s 10% per day, walk away. The aforementioned trading platform appeared to be very sophisticated and came across as being legitimate. My advice is to focus on trading your bitcoin with a company that offers reasonable returns such as 1% per day. There will be other companies that will attempt to separate you from your bitcoin using unscrupulous methods. Be very cautious when it comes to any company that is offering unrealistic returns. Once you transfer your bitcoin to a recipient, there is literally nothing your can do to get it back. You must ensure that your chosen trading company is fully automated & integrated with blockchain, from receipt to payment. More importantly, it is crucial that you learn to differentiate legitimate trading opportunities from unscrupulous “company’s” that are experts when it comes to separating it’s clients from their money. The bitcoin and other digital currencies are not the issue. It is the trading platforms that you must exercise caution with, prior to handing over your hard-earned money.

Your ROI should also be upwards of 1%+ per day because the trading company that you are lending your bitcoin to, is most likely earning upwards of 5%+ per day, on average. Your ROI must also be automatically transferred into your “e-wallet” at regular intervals, throughout your contract term. There is only one platform that I feel comfortable using. It pay’s each bitcoin investor/trader 1.1% per day in interest as well as 1.1% per day in capital. This type of a return is staggering compared to what you would earn with traditional financial markets, however, with crypto currency, it is common. Most banks will payout 2% per year!

If you are required to conduct tedious activities such as logging into your account, sending e mails, clicking on links etc, you definitely need to keep searching for a suitable trading company that offers a set-it-and-forget-it type of platform, as they absolutely exist.

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Source by Brett Steiner

What Is Bitcoin And How To Learn About It?

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Bitcoin is a decentralized digital currency which is owned by none. Government has no control over it. It uses peer to peer networking and cryptographic proofs to operate the system. The system is controlled and made fraud free by recording transactions in block chain, a public history record, once they are validated with a proof of work system.

The network began operating in 2009 and is a concept involving virtual currency which has no link to government regulated currency. The Bitcoin system has few advantages like:

• It is less expensive to operate and use this virtual money.

• It can be instantaneously transferred throughout the world and there will be no transaction fees. Moreover, you can use it and transfer it anonymously as well.

• Like other currencies, the quantity of this virtual money is fixed and no one has the right to create new Bitcoins. However, people can mine Bitcoins but there is a limit to it and mining Bitcoins is not at all cheap.

• Bitcoin is an independent currency; no organization has any control over it

• It is a democratic currency.

• It is the digital equivalent of something of value.

• As it uses a digital medium, it has the potential to become even more valuable than gold.

How to Learn About Bitcoin Conveniently

You can learn about Bitcoin from various sources on the internet. You can check blogs, magazines, articles etc. Internet is a very good source for a newbie to learn more about Bitcoin. Through blogs and forums, you’ll learn technical, economical and political issues related to the Bitcoin system. These mediums are rich source of information and you can learn everything about this virtual currency. Furthermore, even if you are already in the system and know quite a lot about how it works, you can stay updated on every news and issue about the new digital currency system. It’s also wise to get registered on related forums and start discussion with the experts. Post threads and ask whatever you are unclear about. Many forums also have blog section where experts post informative articles. This is the best learning source as you get benefited from other’s experience.

The digital system of Bitcoin currency seems complicated to those who know nothing about it and most people find the concept hard to grasp and trust. It will not take long before people start accepting and then adopting to this virtual currency system, which is more secure, open and independent.

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Source by Thomas Champeval

Bitcoin in a Nutshell

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Bitcoin has almost become a household name with ever increasing coverage in the media, and fair to say its notoriety continues to increase. So what’s all the fuss about? Bitcoin appeared around 2009 as a new form of digital currency and was develop from the off as open-source by a clever chap called Satoshi Nakamoto. We are told his true identify is ‘shrouded in mystery’ like he’s some kind of Marvel superhero, I suspect this simply means he’s a super nerd, but there’s no question, he’s certainly a pioneer…

So what’s it all about?

Bitcoin is a form of currency the same as any other, however it is not under the control of any government or financial institution. The premise is for it to be owned and managed by its own community. Bitcoin is de-centralised and managed by peer-to-peer members who all partake in new transaction activity and store previous activity in what are known as ‘block chains’. This means that a full ‘copy’ of all transactions are stored locally and used to verify, between participants, new activity, thereby preventing any one person from malforming, adding or creating fake transactions within the block chain. This ‘consensus’ approach protects the security of Bitcoin transactions.

Bitcoin works in not a dissimilar way to PayPal in that you have a digital wallet with a unique address where people can send you Bitcoins. You can simply install a wallet on your device, or you can download the full Bitcoin wallet and participate in the network as a node.

Bitcoin’s value is very much an effect of supply and demand with risky investors gambling on the highs. Currently a single Bitcoin (shown as 1.0000000) is worth £573 or $935. You can purchase Bitcoins at any of the 8 decimal places so for example 0.0100000 would cost you £5.70 and 0.1000000 would cost you £57.00, no surprise where Bitcoin got its name!

OK, where do I buy Bitcoins?

Unless you have some Bitcoins coming your way via a payment, you will need to purchase Bitcoins in your existing currency. Purchasing is all about trust as it is not regulated, however that’s sort of how eBay started out, where users trusted each other to pay for and send items, and they’ve done rather well for themselves…

The Bitcoin coal face

Bitcoin mining, as it is known, is the process of generating (and securing) Bitcoins and a small payment in the form of units of Bitcoins are paid for the time and effort your hardware is used and your level of participation. This is done via a number of methods from using your own PC’s CPU or GPU (not dissimilar to other grid based BOINC projects such as Seti @ Home) to using ASIC miners (Application Specific Integrated Circuits), these are designed for the singular purpose for which they are built, which in this case is generating Bitcoins. Unless you have significant investment to purchase powerful ASIC miners such as those from butterflylabs.com which can run at 600GH/s (Hash’s per second) you will have to look at USB ASIC Miners such as the popular BlockErupter which generate 336MH/s. Using the BlockErupters you can create your own USB hub style rig running lots of them concurrently.

The reality though, is that it may be too late in the game to make any serious money from Bitcoin mining. The complexity (Hash rate) of the Block Chain is now such that even joining and contributing to a Mining Pool, where miners work together and share the profits, will likely see more spent in electricity than in any real financial return. Also there is a maximum limit of 21 million Bitcoins and at present it is nearing 12.4 million and as more miners join, the quicker this limit will be reached. It is now more likely you will make money buying Bitcoins themselves than generating them.

The future of Bitcoin…

Bitcoin is an emerging technology, as such the price has been volatile, however recently it has started to become more stable as the community of users grows. As of this writing, Bitcoin is seeing the number of transactions reach as high as 100,000 per day. While banks and big business are yet to consider whether Bitcoin is a threat or an opportunity, there is no doubt they are beginning to sit up and take notice of this new digital currency which continues to grow its user base daily.

Interestingly our mysterious Satoshi, the inventor of Bitcoin is thought to own, depending on fluctuations, $1 billion dollars worth of Bitcoins. Don’t we all wish we had an idea like that…

ITwaffle.com Copyright © 2014 Gareth Baxendale

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Source by Gareth Baxendale