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Bitcoin For Beginners

45 articles found for

The Benefits of Transparency: How Bitcoin & Blockchains Could Change The World

Like most people, you probably have a lot of unanswered (or unanswerable) questions about the financial system. How do we set the price of gold if we don’t know how big the supply is? What’s the point of saving money for the future when inflation will devalue it with each passing year? Why are we… View Article

Why Do Banks Exist? Do We Still Need Them?

Banks are one of the most polarising topics around. Like any business, banks exist to make money- and they’re good at it. The fact they do this using our hard earned money is a sore point. Most people view traditional banks as faintly villainous and we’re quick to blame them for economic issues. Despite this… View Article

Bitcoin Vs The Dotcom Bubble

There has been a lot of debate lately about how Bitcoin compares to the dotcom bubble. Both involve new technology and rapidly increasing prices, so it’s no surprise comparisons are being drawn. Let’s take a look at exactly what bubbles are, and the similarities and differences between Bitcoin and the dotcom bubble. What is a… View Article

Verification
Why Customer Verification Is Super Important

There’s a common misconception that Bitcoin is fully anonymous, so many people are surprised when they sign up for a Wirex account or crypto exchange and are asked to provide proof of their identity. There’s a good reason for that – it’s part of KYC. What is KYC? KYC (‘know your customer‘) verification is how businesses find… View Article

is bitcoin only for drug dealers?
Is Bitcoin Only For Drug Dealers?

If you’ve heard about Bitcoin, you’ve undoubtedly heard about the links between cryptocurrencies and illegal activities. The media loves to report stories of drug kingpins, and the damning criticisms of people in the financial industry. For those with nothing to hide, it may seem too risky to get involved. Let’s take a look at the… View Article

HODL
Why You Should HODL Through the Dips

HODL is a key term on the growing list of cryptocurrency related slang. It originated in 2013 when a tipsy forum member made a thread entitled ‘I AM HODLING’ (a misspelling of ‘holding’) to declare his decision to hold Bitcoin no matter what. Other forum members immediately latched onto the term. HODL has stuck around… View Article

Can bitcoin be hacked
Can My Bitcoin Get Hacked?

If you’re about to spend some of your hard earned money on Bitcoin, it’s natural to be concerned about security and to worry about the safety of your cryptocurrency. As Bitcoin is entirely digital and not controlled by any central authority, one of the biggest concerns for many people is how vulnerable it is to hackers…. View Article

convince people to buy bitcoin
​How To Convince Your Partner, Mum & Friends To Buy Bitcoin

If you’re an enthusiastic advocate for Bitcoin, you’ve no doubt tried to convince at least one person to get involved- probably with limited success. If you’re looking to explain the value of investing in Bitcoin to the crypto-skeptic in your life, here are four useful pointers. Explain, don’t force Start by keeping things simple. If you go… View Article

bitcoin anonymous
Isn’t Bitcoin Supposed To Be Anonymous?

One of the most commonly touted benefits of Bitcoin is anonymity. Many people prefer their transactions to not be linked to their names for political or philosophical reasons. Others do so for the sake of their privacy, such as when making an anonymous donation to a charity. Yet law enforcement around the world is steadily… View Article