bitcoin bully

Not a Crypto Fan Yet? Bitcoin Bully May Be Your Way In!

March 10, 2018 // 2 Comments

In December 2017, after an incredible rally for bitcoin, many started to join the world of crypto looking for a quick buck. Unfortunately, the timing was bad, because after the boom the crash came and most of the people who entered in December panicked seeing their portfolio lose maybe up to 70%. In terms of volatility, I’ve seen a comparison recently between the early days of trading gold and now with the crypto markets, bitcoin in particular. Gold was highly volatile back then. Which means if crypto markets will have the opportunity to mature, the volatility should lower in time. What is interesting in trading on any market, is regular people tend to go in at the peek and get out at the bottom, based on two of our powerful emotions: euphoria and fear. That’s why many lose money by trading. The alternative is to look at your investments on the long term, as assets which will become more valuable in time, if you choose right. If you look on the long term, a price drop might be an opportunity to buy in, but again, fear, doubt and uncertainty set in and few will act. I’m not advising you to invest in anything. I am sharing some of my own (unprofessional) impressions though. I believe blockchains and cryptos will contribute to revolutionizing the world we live in. Not all of them and not at the same measure. But all revolutions, especially technological, are complicated to grasp at first. I didn’t come to this conclusion lightly, it took me a while to come to terms with this new technology and understand what it can bring for the future. It’s been almost 10 years since bitcoin was invented, yet many people have no idea what that is, maybe some don’t even know […]


What Is Steemit and Why Should You Care?

February 10, 2018 // 2 Comments

Steemit is a new and fast-growing blogging platform launched in March 2016. It had some hiccups along the way and some opposition, but all-in-all it built the traction which led to an exponential growth in users and activity. Steemit has the advantage of being built on the revolutionary technology called blockchain. You may or may not know what a blockchain really is, like it or not, but trust me when I say it will be one of the technologies that will reshape the future (along with AI). Steemit is built on the STEEM blockchain, and, as I mentioned before, it is a blogging platform. On the same blockchain there are however other sites that are oriented toward different areas: video live broadcasting social media (Instagram style) forums memes more Which makes the STEEM blockchain suitable for different types of content. Now, let’s get back to Steemit. If you are in online business, at some point you want to monetize your social media account, your blog, your video channel etc. Until now that only worked by placing ads on your blog, or being compensating for promoting a certain product to your audience (mostly if you have an engaged and sizable audience). With Steemit (and other sites on the STEEM blockchain), things are different. Everyone earns, even if you have zero audience. Why? Because good comments and replies get upvotes, and those translate into money. Of course, if you write great content, build a following and relationships, you will earn more, because authors earn a good share for their contribution. Interestingly, you don’t get hundred of spam comments, because spammers quickly get downvoted until their reputation becomes so low that they are no longer showed by the system. Another important distinction: since all the sites using the same blockchain, the same information […]


Blockchain and Chryptocurrencies

December 16, 2017 // 0 Comments

I wasn’t an early adopter of the blockchain technology. In fact, I made my first transactions involving bitcoin in 2015, seven years after it was first implemented. I still remember them: two separate transactions totaling 38 US dollars. Wow, quite a fortune spent, isn’t it? Those 38 bucks now have a 79x ROI (doesn’t include only price difference, but also accumulation without purchasing more). Do I regret not investing more at that time? No! Greed was never my ally. At the beginning of 2017, despite my virtual ROI from the increase of bitcoin price compared to US dollar, I had a rant toward what I considered to be an artificial price based on smoke. Since then the price exploded even more. How much will it continue to rise or when and how much will the correction be, I don’t know, but in the meantime, I understood there is great value, still unexploited behind the blockchain. However, if you decide to invest, be aware, chryptocurrencies are, at this point, highly volatile and speculative, and their volume and liquidity unsuitable for large investors (so, if they enter or exit the market, they can produce huge waves). What Is Blockchain In Simple Terms? The blockchain uses a different mechanism to store data. While banks, credit card companies, assurance companies, governments, and so on, store digital data by copying it to central locations, a blockchain distributes digital data across its network. I really appreciate the blockchain’s distributed model, and I think it will be the one to embrace in the future. But let’s go over the pros and the cons of each approach: Pros for copying data to central locations: – quicker transactions – lower costs Cons against copying data to central locations: – risks by having the data stored in one central place […]

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