Osamede Arhunmwunde, Author at Osamede Arhunmwunde

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Bitcoin: The best investment opportunities in the world or The Biggest Scam?

Bitcoin: The best investment opportunities in the world or The Biggest Scam?

Bitcoin is the hottest investment topic in the world right now. The market cap has gone from zero to over $160 billion in less than a decade. 

Cryptocurrency Millionaires

If you purchased Bitcoin on January 1, 2017, you would have paid $960USD. Today (Feb 9th) Bitcoin is valued at over $8360USD. That’s a return of 870% In about 1 year. You would have turned $1,000 into $8,700

I won't blame you if you think Bitcoin is just a just a scam. Why would you trust a digital currency like Bitcoin? Many people believe that digital currencies like Bitcoin have no real “money” value. Here's the truth about money that history has taught us: Money can be anything, if enough people agree on it. It's the so-called network effect.

Here's the truth about money that history has taught us: Money can be anything, if enough people agree on it.

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So what is Bitcoin, and what’s driving its demand? 

At its core, Bitcoin is just a digital payment system that allows us to send and receive value without the need for a trusted middleman.  The transactions are verified, secured, and units controlled using cryptography. 

The real strength of Bitcoin is the underlying network of highly secure computers that support it. These computers run a new form of a public distributed database called "blockchain."

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    Bitcoin has no central authority. So, its value is dictated by the marketplace, not a central bank.
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    Bitcoin has no central location. That means no government can ever shut it down, neither can it be confiscated.
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    Bitcoin has a finite supply: 21 Million coins. You cant “mint more”. No central bank can "print" more.
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    Bitcoin has proven to be a better store of value than Gold:
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    Unlike Gold, Bitcoin is very easy to transport. You can carry $1 million worth of Bitcoin on a flash drive (Cold storage) without drawing unnecessary attention to yourself.
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     Unlike Gold, Bitcoin is divisible. You can spend as much or as little of a Bitcoin as you like. It's truly revolutionary.

Key Takeaway

This has never happened before in the history of the world and it makes Bitcoin very special. The Bitcoin market has its risks, but it is the greatest technological innovation since the internet. 

For a list of local Bitcoin exchanges around the world, visit this link.

How to build a Million-dollar nest egg investing in ICO.

Introduction

Most start-ups look to angel investors and venture capitalists to provide funding for the takeoff of their businesses. It is not an easy process. You need to create a solid business plan to show viability of the project, pitch the plan to the VCs/angel investors, then run the business all the way to the proposed exit plan (divestment, IPO, etc). The development of cryptocurrencies in the last 8 years has altered this landscape radically. It is now possible to use cryptocurrency units (known as tokens) to raise funds using a crowdfunding technique. Further enhancements provide incentives for the community of funders to invest in the project, which increases the demand for the blockchain-based product and hence the value of the tokens. This is the basis of operation of the Initial Coin Offerings (ICOs).

Blockchain projects have raised a total of $1.67 billion with initial coin offerings (ICOs) so far according to data from the CoinDesk ICO Tracker.