This year, if you are thinking of an innovative business idea, one thing that you can do is to host a bitcoin ATM. It is a good way to tap the growing cryptocurrency market. If you are not convinced that this can be a promising entrepreneurial venture, keep on reading and we’ll let you know some of the best reasons to open a bitcoin ATM. Demand is Expected to Rise One of the best reasons to get into the bitcoin ATM business is the fact that there is an expected rise in demand. The numbers do not lie. In the
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Must Watch: The Biggest Scam in the History of Mankind
Bitcoins work like cash, but you mine them like gold. So how do you start ‘mining’ them? If you are willing to take the risk (upfront investment, like real mining) and if you do it properly, you can actually successfully mine a few Bitcoins. With a single Bitcoin currently trading at $476.56 as of September 17th, 2014, there are rich dividends to be reaped. We will let you know that there are actually better ways to mine Bitcoins than investing in chunky hardware, especially if you are on a budget. There are also other drawbacks of buying hardware to mine
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When you talk about Bitcoins, you will find either passionate advocates of the cryptocurrency or skeptical cynics, who denounce it. There are hardly any fence sitters. There is currently a debate going on about the future of the digital currency, about its pros and cons. It is really democratizing the global fiscal structure? One of the topics under discussion is its long term viability, in the light of the recent collapse of the largest Bitcoin trading platform in the world, Mt. Gox and hacking into Bitcoin wallets. Here we will try to give our analyzes of where the currency is
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The short, yet still wholly undetermined answer to the title question is: No. Bitcoin is still a very young currency – there are bound to be a few bumps along the way. How many countless dollars have been stolen from banks over the years? How many dollars, Yen, Pounds, etc., have been counterfeited? We (humans) find value in some of the strangest things. And where there’s value, there’s speculation related to supply, demand, security, world events, etc., that will cause that value to go way up – then sink way back down – only to shoot for the skies again.
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There’s a lot of issues to consider when attempting to determine the current state of the USD, and the entire fiat system that backs it and other currencies. Six years after the collapse of the US banking industry, we’re still printing money like it has no consequence, raising inflation levels into frightening territory just like it was before the last collapse. There are few outcomes that can result from vigorously printing money in order to feed a teetering economy; none of them are good. Is the USD still the dollar of choice? Yes. Can we just keep printing empty money,
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What makes a currency strong isn’t necessarily what makes it popular or valuable, as you’re about to read. In fact, the most popular form of currency, the USD is steeped in debt with nearly 17.5 billion owed by the nation’s government (source). Furthermore, the current capital to assets ratio (Capital Ratio) of the US Federal Reserve is a slowly improving 11.3%. Not the best numbers, but far from the worst either. So mull those numbers over while you read the rest of this. Do you think the USD is still on top? A fiat currency (what is it, anyway?) a.k.a.
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