One Cent At A Time

A Personal finance blog for saving money and earning more and thus having a better life

Altcoin Or Bitcoin, Where To Invest?

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We have all had idle fantasies about what we would do if we had a time machine. But for those who dabble in finance, ideas about preventing the Kennedy assassination or attending the first-ever Super Bowl pale into insignificance compared with the money they could make if only they had made certain investments at a critical moment.

What are Cryptocurrencies

Buying a whole heap of shares in Microsoft in the 1970s is one example, but even that is dwarfed by the meteoric rise of Bitcoin over the past 10 years. Of course, the truth is that time travel is not an option, and if you were not there at the outset, the chance for those 1,000 fold Bitcoin gains has passed.

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Basic understandings of Cryptocurrencies

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There is a lot of talk going on today about how Bitcoin and other cryptocurrencies are an option for investing or not. Those who have invested in Bitcoin a year ago have seen the value of their BTC soar beyond expectations late in the last year, then fall to a much lower level a few weeks later – the increase is still massive (today, one BTC trades as about $8,000 compared to just above $1,000 one year ago).

What are Cryptocurrencies

I have been writing about cryptocurrencies lately. I think I need to post something very basic about them, here. Let’s not think of Bitcoin, or any other currencies as investment options right now, but as a payment system, and look at the way it works compared to banks.

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