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Basics For Buying And Investing In Bitcoin

Basics For Buying And Investing In Bitcoin

Basics For Buying And Investing In Bitcoin Bitcoin (BTC)is a decentralized cryptocurrency payment system designed by SatoshiNakamoto. The software-based currencywas released to the public in 2009.Since then, updates and improvements have been made by a network of developers, partially funded by the Bitcoin Foundation. The simplest way the Average Joe can invest in Bitcoinis to outright buy some. Buying BTC today is simpler than ever, with many established firms in the US and abroad involved in the business of buying and selling bitcoins. For investors in the USA, the simplest solution is Coinbase . The company sells BTC to customers at a mark-up that is usually around 1% over the current market price . For Americans, Coinbase has an option to link your bank account to your Coinbase wallet. This makes future payment transfers easier. The company also offers automatic bitcoin buying at regular intervals. For example, say you want to buy $50 in bitcoins every 1st or 2nd of the month, right after you get your paycheck. You can setup an auto-buy for that amount on Coinbase. Take into account a few caveats before you start using this service. If you issue an automatic buy order, you will not have control over the price at which the BTC is bought. Next thing to note is that Coinbase is not a bitcoin exchange, you are buying/selling your coins directly from the firm, which in turn has to source them from other buyers. This creates issues or delays whenexecuting orders during fast market moves. For traders that want a traditional bitcoin exchange, BitStamp may be a better option. With BitStamp, you are trading with other users and not the company, which only acts as a middleman . Liquidity is higher and you can almost always find another person to take the other side of your tr Continue reading >>

One Financial Advisor's Bitcoin Journey

One Financial Advisor's Bitcoin Journey

Boneparth, a bitcoin miner, hasn't advised clients on cryptocurrency investments because of regulatory scrutiny and a desire to not let his personal experience influence their decisions. The lesson he is willing to share is that he regards such investments as entertainment, and experimenting with money that he can afford to lose. The same breakdown between risk and reward that could plague any investor apply to cryptocurrencies. By now, even your grandmother probably knows what a bitcoin is. If that's not a sign of something going mainstream, I don't know what is. As a financial advisor, I've found it interesting these past months to talk about bitcoin in a professional setting. When I do, I always explain that, no matter how exciting the "crypto-hysteria" may seem, it is speculative. Ultimately, one must remember the intimate relationship between risk and reward. Ignore it, and you could find yourself disappointed or, even worse, broke. Most of my clients don't know this, but I've personally owned bitcoin since 2014. My stash sits securely in my digital wallet, untouched since the day it was deposited there. Back then, I split the cost of a glorified computer called a "miner" with a childhood friend, and this machine generated us a finite amount of digital money. So long before your grandma knew what a bitcoin was, I've been riding this roller coaster. Don't put all your financial eggs in one investment basket However, I've been keeping mum about my position in bitcoin for two reasons. First and foremost, from both an advisory and compliance standpoint, this subject is under strict regulatory scrutiny; it's a bad look in either department to rant and rave about speculative trends. Second, I had not quite figured out how to use my bitcoin experience in a way that would Continue reading >>

The Bitcoin Investment Opportunity | Oppenheimerfunds

The Bitcoin Investment Opportunity | Oppenheimerfunds

Cryptocurrencies like Bitcoin have drawn headlines and significant investor interest. In the last year, the price of a Bitcoin increased from $1,000 to $13,700, and rose 300% between August and the end of the year alone. But is Bitcoin and its underlying technology, Blockchain, a legitimate investment opportunity or a speculative bubble heading for a crash? Below, and in the accompanying white paper , we offer insight into the trend and technology behind cryptocurrencies, and the risks and opportunity of investing in Bitcoin. Bitcoin, the first cryptocurrency, was invented in the depths of the financial crisis to replace the banking system. Its anonymous inventor, known as Satoshi Nakamoto, offered up a technologists approach to the banking system: Take something fragile, inefficient, and far too large, and disrupt it. The idea behind Blockchain, the technology that supports Bitcoin, is to create a ledger of transactions as private as the banking system but also as public as the Internet. In the Blockchain, financial transactions are recorded and confirmed anonymously, but are viewable by the public in the form of a distributed ledger of every Bitcoin transaction. The Blockchain was designed to discourage hackers by making any effort to break the chain less valuable than contributing to it, thus forming trust with the user base. Like gold, Bitcoins are mined and the supply of them is finite. Miners earn Bitcoins for contributing computing power to the Blockchain network to verify that transactions are accurate in the system. As more Bitcoin is mined, more transactions require verification, and less Bitcoin is awarded for each successful verified transaction. Electricity is a large input cost for Blockchain (it uses more energy annually than Denmark), which makes it cos Continue reading >>

Should You Invest In Bitcoin? - Business Insider

Should You Invest In Bitcoin? - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Bitcoin has been soaring in value at times, but crashing at others. Lauren Lyons Cole, a certified financial planner and senior editor at Business Insider, explains the risks of investing in cryptocurrency. Following is a full transcript of the video. Lauren Lyons Cole: I'm Lauren Lyons Cole. I'm a certified financial planner and a senior editor here at Business Insider. Bitcoin isn't new, but in 2017 it was all the rage. Starting out in January around a $1,000 and climbing to $20,000 in one year is enough to make anyone take a second glance at bitcoin. But here's the thing about bitcoin, it reveals a very basic investing principle that we all fall prey to and that's that investors tend to be irrational. When bitcoin is sailing high, everyone wants to buy in. But as soon as it starts crashing, people freak out and they start selling. Successful investors buy low and sell high, but our natural instinct is to feel more comfortable buying when things are good and more comfortable selling when things are bad. If you're new to the bitcoin craze and you're thinking about investing, the first thing you have to do is figure out what it is. If you can't explain what bitcoin is to your mom or your neighbor and why you're investing in it and why you think it's a good investment, then it's too soon for you to put your money in. But with an investment like bitcoin, no one really knows where it's going to go. It could go to $150,000. But it could also go to zero. It's a highly risky and speculative investment. When you're investing in the stock market, it's a little bit easier to - it's still not easy, Continue reading >>

Hacking Investing - Bitcoin, Ethereum And Cryptocurrencies Could Make You A Millionaire

Hacking Investing - Bitcoin, Ethereum And Cryptocurrencies Could Make You A Millionaire

Ian Balina Ian Balinas Blog Money Hacks Hacking Investing Bitcoin, Ethereum and Cryptocurrencies Could Make You a Millionaire Did you know that investing in Bitcoin and Ethereum could make you a millionaire? Imagine you wake up one day, and you have $886,000 in your bank account. You didnt put any blood, sweat, and tears to earn them nor did you receive an inheritance from an unknown family member. Youve just made a small investment that ballooned into a fortune over time. Back in 2009, Christopher Koch learned about Bitcoin while working on a thesis paper about encryption. The entire system fascinated him, so he decided to invest $27 for 5,000 Bitcoins . Koch quickly forgot about the investment until four years later when Bitcoin started popping up in the news. So, he checked his encrypted wallet only to discover that he was sitting on an $886,000 nest egg. Unfortunately, not all of us are as lucky as Koch. But, that doesnt mean you cant possibly become a millionaire by investing in virtual currency. You just need to understand how they work so that you can maximize your profits. This comprehensive guide will teach you everything you need to know about why you should invest in Bitcoin, Ethereum, and other altcoins and how to do it. I will be direct and let you know that I am not a financial advisor and invest in cryptocurrencies at your own risk. I myself, have personally invested $10,500 in cryptocurrencies four months ago, and it has grown to be worth about $15,000 in that timespan. This included a $2,500 investment in Ethereum that I sold off after a month and a half, at a value of $5,500. The growth of my portfolio has slowed down the last month or so as Bitcoin deals with scalability issues (Segwit), that I wont address here, as this is a post targeted for beginn Continue reading >>

How To Ride The Bitcoin Wave Without Actually Investing In It

How To Ride The Bitcoin Wave Without Actually Investing In It

How To Ride The Bitcoin Wave Without Actually Investing In It Bitcoin is following a familiar script. Like nearly all the manias that preceded it, from tulip bulbs to the initial dot-com craze in the late 90s, bitcoin started out as a somewhat mysterious fascination among a very small group. Then, over time it exploded, eventually becoming too sexy for the broader public to ignore, so they want in. That, in part, explains where we are today. Bitcoin has gained more than 1300% this year despite head-snapping bouts of volatility, including late last month, when it vaulted past $10,000 and then a short time later $11,000, only to fall more than $2,000 in a matter of hours. Now, it's cracked the $15,000 mark. Aside from the ups and downs, the biggest problem for anyone wanting a piece of bitcoin now is that all the easy money has already been made. Once the speculative buying begins, it usually signals that a big bust is on the way. Even so, that doesnt mean bitcoin is a fad or will fade into obscurity, because with manias often the thing that got everyone excited in the first place will survive. Think about tech. How many boom and bust cycles has it experienced? Still, as a registered investment advisor (RIA), I dont and cant recommend bitcoin (or any other cryptocurrency) to clients. Nor do I think that digital currencies, which are risky and highly complex, are a good fit for most investors. That said, there are ways to take advantage of the rise in bitcoin without actually investing in it directly. Nvidia is a producer ofgraphic processing units (GPUs), which quickly convert code into graphics. Thanks to the growth of the video game industry and the emergence of virtual reality over the last few years, the company has done quite well. GPUs, however, also enable compute Continue reading >>

Bitcoin 101 | A Different Kind Of Financial Advisor

Bitcoin 101 | A Different Kind Of Financial Advisor

If you look up currency in Merriam-Webster, you will find it defined as the money that a country uses and the quality or state of being used or accepted by many people. Recent news stories involving a new form of currency, bitcoin, have sparked the interest of many individuals. Bitcoin has emerged as a digital currency that exists virtually. It is a cryptocurrency which uses cryptography to manage the creation of units, administer use, and provide security. Bitcoins are mined by solving complex mathematical problems. Ownership of bitcoins is anonymous. Bitcoin is different than the currency we use in three fundamental ways. Bitcoin operates without a central authority (e.g., a central bank). The currency is managed by a peer-to-peer technology that is responsible for all functions, including issuance, transaction processing, and verification. Unlike the national currencies, bitcoin exists primarily as a digital currency, though bitcoin can be made available in physical form, if desired. The number of bitcoins is limited to 21 million. New bitcoins are created at a rate of 25 every 10 minutes (a rate which is reduced by 50% every four years). Bitcoins can be purchased on a bitcoin currency exchange and transferred to a digital bitcoin wallet. It should be noted that bitcoins have been subject to sharp and rapid changes in value, rendering their value highly unpredictable at any given time. Its commitment to a limited production is fundamental to its objective of retaining value, unlike other national currencies, which may be devalued by printing excess supply to meet economic and political ends. Once you have a bitcoin balance, you may begin to purchase goods or services from providers who accept them. However, bitcoin has limited acceptance, though it has found some ap Continue reading >>

Shining A Light On Bitcoin

Shining A Light On Bitcoin

Cryptocurrencies are now center stage, as advisors grapple with the associated opportunities and risks. By Ginger Szala |February 05, 2018 at 04:51 PM Your article was successfully shared with the contacts you provided. J.P. Morgans Jamie Dimon first saw it as another tulip bubble, but has since retreated from this assessment. Lloyd Blankfein, CEO of Goldman Sachs, reportedly is behind the start of a cryptocurrency desk. Blackrocks Larry Fink thinks Bitcoin is an index for money laundering, while Peter Thiels Founders Fund has invested in it full throttle. Brokerage firms like Charles Schwab and Fidelity have taken a wait-and-see view, while TD Ameritrade began a pilot project in which some retail clients can trade CBOE Global Markets Bitcoin futures. Kind of like the price of Bitcoin, the interest in it and other cryptocurrencies is all over the map. Despite this range of acceptance and anxiety, cryptocurrencies have stormed the global stage, forcing investment professionals to, at the very least, explore what makes these products attractive beyond the speculative flurry and how they possibly could be used in investment portfolios. There are only a few options today that provide financial advisors with the ability to invest in Bitcoin, but those may be out of their (and their clients) comfort zone. Still, theres also the investment that is attracting the smart money: the underlying blockchain technology. We see potential benefits [of blockchain] for more efficient check-out settlement in the markets we currently trade, but are really excited about opportunities to unlock new markets where current transaction processes are simply not efficient enough for us to trade reliably, said Mike Harris, president of Baltimore-based investment management firm Campbell & Company. Continue reading >>

Should You Invest In Bitcoin? Investment Advisor Mercer Is Warning To Stay Away From Cryptocurrencies

Should You Invest In Bitcoin? Investment Advisor Mercer Is Warning To Stay Away From Cryptocurrencies

Should you invest in bitcoin? Investment advisor Mercer is warning to stay away from cryptocurrencies I'm City A.M.'s award-winning technology editor, covering everything from happenings at Apple and Google to the latest London startup. In particular fintech, blockchain, artificial intelligence, driverless cars, virtual reality and the sharing economy get me out of bed in the morning. I'm always trying to illustrate stories with pictures of dogs. Sometimes with some success. I was named technology journalist of the year at the UK Tech Awards 2016. Consultancy Mercer thinks bitcoin is a "speculative bubble" (Source: Getty) An investment adviser has warned against investing in bitcoin and other cryptocurrencies amid growing interest spurred by recent price rises. Mercer, the US consulting firm, said they are not an "investable proposition" in their current form and are likely a "speculative bubble". Read more: S&P: Retail investors will be biggest losers of bitcoin bubble bursting "Although the blockchain technology underlying cryptocurrencies holds significant promise in areas such as trade processing and settlement, cryptocurrencies have yet to prove that they offer much more than the benefit of anonymity and the potential for large price fluctuations," said Phil Edwards, partner and global research director at Mercer. "We do not view cryptocurrencies in their current form as an investable proposition," he added. The firm said in a note that it does not see cryptocurrencies as a store of value either, "directly, via futures or via hedge funds set up to speculate on cryptocurrency price movements". Read more: 4bn is being laundered through cryptocurrencies "They offer no income to the passive holder of coins (that is, non-miners), and assessing fair value is close to im Continue reading >>

Financial Advisor May Have Cost Darren Mcfadden $237 Million In Botched Bitcoin Investment

Financial Advisor May Have Cost Darren Mcfadden $237 Million In Botched Bitcoin Investment

Financial Advisor May Have Cost Darren McFadden $237 Million in Botched Bitcoin Investment This bitcoin shit is getting out of hand. People are putting up their homes to invest, as well as taking their bitcoin investments to cop homes . They are also laundering bitcoin funds for ISIS, and getting sent away for it. Mostly, people are making dumb decisions, and they are losing money... fast. Take former Dallas Cowboys running back Darren McFadden. In 2016, ESPN reported McFadden filed a lawsuit against his ex-financial manager, Michael Vick (no, not that Michael Vick). McFadden was looking for $15 million that Vick was said to have misappropriated and mishandled, which included $3 million lost in a supposed bitcoin venture. Vick's fuckery dated back to 2008, where a number of fraudulent documents put him in charge of McFadden's finances, allowing him to steal funds at will. Chase Carlson , who is an investment fraud attorney, must have done some number crunching based off of today's bitcoin craze, and tweeted that if McFadden's bitcoin investment actually went through, he'd be sitting on $237 million right now. NFL running back Darren McFadden alleged a financial advisor wrongfully took $3 million from him relating to a #Bitcoin venture. Had it actually been invested in Bitcoin, it would be worth about $237,000,000: Continue reading >>

Bitcoin And Your Investment Portfolio

Bitcoin And Your Investment Portfolio

Bitcoin hit the $400 price in November 2015 something it hadnt done in a year. Word of bitcoin was reaching the more mainstream financial publications at that time. An article from Bloomberg reported on this price increase in positive terms rarely seen from a leading mainstream financial publication. It stated, "Bitcoin is on a roll. Earlier this week we pointed out that the virtual currency was on a massive winning streak. It's up nearly 40 percent in the last three days." The Bloombergarticlenoted that analyst Gil Luria of Wedbush Securities wrote the following to clients earlier in 2014: We believe bitcoin and its associated blockchain technology have thepotential to disrupt the existing financial infrastructure over the next fewyears. We believe the value of the bitcoin currency (BTC) will benefit from thistrend and therefore are initiating coverage of GBTC with an OUTPERFORMrating and $40 price target." At the same time in November of 2015, Paul Vigna ofThe Wall Street Journalwrote in his column , "The price of bitcoin is surging, crossing back over the $400 mark for the first time since last November, amid a burst of trading activity and a surge in interest in the technology underlying the cryptocurrency. Bitcoin reached a high of $768 in June, 2016, and GBTC climbed to a high of $135 around the same time. Then bitcoin hit a very volatile period as a recent hack of a bitcoin exchange drove prices down. This is indicative of the asset, which is clearly not for the meek and conservative. But is it even something that an investor should consider? Bitcoin is most commonly referred to as a digital currency. Its not a physical instrument, but just as physical instruments such as dollars and coins can be used, it can function in its digital form as a currency to pay for Continue reading >>

For Investors - Grayscale

For Investors - Grayscale

As Sponsor of the Bitcoin Investment Trust, the Ethereum Classic Investment Trust, and the Zcash Investment Trust, Grayscale offers the first securities that provide exposure to the digital currency asset class. Invest directly in Grayscales Investment Trusts Qualified accredited investors* can choose to invest directly in Grayscales Investment Trusts at the daily Holdings per Share value determined at4 p.m.New York time based on the corresponding TradeBlock benchmark rates. Shares of Grayscales Investment Trusts are subject to significant resale and transfer restrictions. Purchase Bitcoin Investment Trust shares through your brokerage account Eligible Bitcoin Investment Trust shares are publicly quoted** on OTCQX under the symbol: GBTC. Investors can buy and sell unregistered but freely tradeable Bitcoin Investment Trust shares through their personal brokerage account in the same manner as they would other unregistered OTC securities. The Grayscale Team works with Financial Advisors to help facilitate investments inthe Bitcoin Investment Trust, Ethereum Classic Investment Trust, and Zcash Investment Trust. Have your Financial Advisor contact us directly. *An accredited investor, in the context of a natural person, includes anyone who either earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR, has a net worth over $1 million, either alone or together with a spouse (excluding the value of the persons primary residence). **Publicly quoted on OTCQX under the Alternative Reporting Standards Have more questions about how to invest with Grayscale? 2017 GRAYSCALE INVESTMENTS LLC Terms of Service / Privacy Policy Grayscale Investments, LLC is the sponsor of the Bitcoi Continue reading >>

Home | Northeast Investment Advisors, Llc

Home | Northeast Investment Advisors, Llc

Error processing your request. Please try again at a later time. Check the background of your financial professional on FINRA's BrokerCheck The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Securities and advisory services offered through Registered Representatives ofCetera Advisors LLC(doing insurance business in CA as CFGA Insurance Agency), member FINRA , SIPC . Cetera is under separate ownership from any other named entity. This site is published for residents of the United States only. Registered Representatives of Cetera Advisors LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every representative listed. For additional information please contact the representative(s) listed on the site, visit the Cetera Advisors LLC site at ceteraadvisors.com Continue reading >>

Should I Invest In Bitcoin? | Financial Planning

Should I Invest In Bitcoin? | Financial Planning

Bitcoin has been on a wild ride, and it has taken me along with it. After starting out the year below $1,000, the cryptocurrency just hit the $11,000 mark. A couple months ago, I had enjoyed only three days of that upward climb, but Im glad I got out of the currency when I did. The idea of making quick money was exciting, but when it actually worked, I was scared senseless. Heres what happened. In September, Chinas bitcoin exchanges halted local trading, causing the price of bitcoin to drop almost 25% in value over the course of just two weeks. When the initial news from China was announced, it had pricked my ears. Bitcoin had been going up for a period of time, but then had suffered a quick decline. In my limited knowledge, I thought I could make a prudent investment as I guessed this was going to be a quick blip in this cryptocurrencys history. I took several thousand dollars from my savings account and invested it in bitcoin using the Coinbase app. It only took a weekend of insane returns a 780% annualized return for me to realize that this was a very bad idea, indeed. I was making money hand-over-fist, and I couldnt sleep. The idea of making quick money was exciting, but when it actually worked, I was scared senseless. It showed me the difference between appropriate investing and wild speculation. It only took me three days to take my money out again and put it in my savings account. I made a few hundred dollars, but after going through the process, I swore off investing in something I dont truly understand. If I had left my money alone, I would have made thousands of dollars by this point, but most likely would have been a nervous wreck. And Im one of the lucky ones I made money during this period. If I would have lost money, I would have been angry at myself. Inv Continue reading >>

What Financial Advisers Say About Investing In Bitcoin

What Financial Advisers Say About Investing In Bitcoin

What financial advisers say about investing in bitcoin Despite the temptation, the market and regulatory risks are too great A man walks past a display cabinet containing models of Bitcoins in Hong Kong in August 2016. Bitcoin has a history of price swings related to security breaches, hacking and regulatory scrutiny and action. Is now the time for individual investors to put some money in bitcoin? Its a question that financial advisers increasingly hear these days. With bitcoin up more than fourfold this year and a series of high-profile initial coin offerings raising more than $2 billion in total, according to CoinDesks ICO Tracker, the number of investors interested in digital currencies has been picking up, wealth-management professionals say. Earlier this week, bitcoin was trading at more than $4,880.40 after ending 2016 at around $968, according to CoinDesk. Yet advisers for the most part dont recommend investing in digital currency or in the few investments vehicles that have cropped up. There are a number of market and regulatory risks inherent in trading cryptocurrencies. Bitcoin and similar digital currencies may offer investment opportunity in the future, advisers say, but for now they remain speculative bets that investors should be wary of or avoid altogether. While the potential upside is alluring, the significant risk of loss is incompatible with prudent investing for long-term goals like college savings, buying a home or retirement, says Julie Ford, founder of Ford Financial Solutions in New York. Ford says she had a 45-year-old client recently come to her with a plan to liquidate a majority of her retirement savings and invest the proceeds, after taxes and penalties, in bitcoin. Risking anything above a trivial amount in cryptocurrencies isnt advisable Continue reading >>

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