Best Investment? Mark Cuban Says Not Gold Or Bitcoin But Paying Off Debts
Best Investment? Mark Cuban Says Not Gold Or Bitcoin But Paying Off Debts Tech billionaire investor Mark Cuban says debt payment of any type is probably the best investment right now. Billionaire tech businessman and one of the Shark Tank shows shark investors, Mark Cuban has recently sat down with Kitco News, an outlet specialized on covering news about precious metals, to talk about his opinions on investing in various assets, including Bitcoin and gold . When asked about what is the safest investment right now, Cuban didnt say stocks, gold or Bitcoin (BTC). Instead, he argued that paying off your credit cards, student loans , or whatever debt you have is probably the best investment you can make. The reason for that is whatever interest you have - it might be a student loan with a 7% interest rate - if you pay off that loan, you're making 7 percent. And so that's your immediate return, which is a lot safer than trying to pick a stock, or trying to pick real estate or whatever it may be. Talking about gold and Bitcoin, Cuban said that he hates both, adding that he looks at cryptocurrencies and precious metals as largely the same thing, calling them collectibles. The billionaire investor explained that the value of both gold and Bitcoin is based on supply and demand. However, he also stressed that Bitcoin is in a more favorable position due to its scarcity. The good news about bitcoin is that theres a finite supply thatll ever be created, and the bad news about gold is that theyll keep mining more. This is the second time when Cuban seemingly reversed his opinion on Bitcoin. Back in June 2017 he criticized the worlds leading virtual currency by calling it a bubble, but by October he started claiming that cryptocurrencies and Blockchain are the future. Last October , C Continue reading >>
What Is Bitcoin Gold, Exactly?
By Nathan Reiff | March 13, 2018 2:56 PM EDT Cryptocurrency forks of various types now take place on a regular basis. Even bitcoin has experienced several different iterations and branches in this way. One of the largest and most discussed bitcoin forks took place late in 2017. Bitcoin gold was a hard fork of the original open source cryptocurrency which took place on October 24, 2017. While hard forks take place for a number of reasonsincluding for the purposes of scaling as a cryptocurrency customer base grows, or because of developer conflict and differences of goalsbitcoin gold's stated purpose has been to "make bitcoin decentralized again." On the surface, the idea of "making bitcoin decentralized again" may seem counterintuitive. Bitcoin, like all other cryptocurrencies, is designed to be decentralized already; it is not linked with any central bank , particularly country, or government body. One of the major issues with bitcoin which prompted the development of bitcoin gold, however, was not related to the question of central issuance at all. Rather, it had to do with the mining process. Bitcoin gold developers believed that by adopting a new algorithm for the mining process (in this case, a so-called proof-of-work algorithm called Equihash), the new branch of the world's most popular cryptocurrency by market cap would not disproportionally favor major mining operations. Bitcoin mining is a lucrative but resource-intensive process. The most profitable mining ventures are often those which pool together a large number of mining rigs, each of which requires expensive, special equipment. (See more: How Does Bitcoin Mining Work? ) Individuals attempting to mine for bitcoin on their own either have to invest a huge amount of money and time into creating their own rig Continue reading >>
Bitcoin: Proof Of Scrapheap
WITH everything that's been happening with the stock market lately, people have forgotten about last year's biggest investment story, writes Jim Rickards in The Daily Reckoning . After briefly topping off around $20,000 in December, today it's trading around $9,000. A lot of bad news has come to the Bitcoin ecosphere. China, for example, recently ordered its banks to stop providing financial services for any cryptocurrency-related transactions. This is important because customers wishing to buy or sell cryptocurrencies have to start by funding their crypto accounts from conventional banking sources. Also, when customers are ready to cash out of cryptos, they need to move their account balances back to traditional banks. Without the ability of crypto exchanges and banks to interact, the crypto exchanges are basically roach motels you can put your money in, but you can't get it out. Now you can't even put it in to begin with. Crypto exchanges also need banking services to pay vendors, employees, electricity companies and others who want to get paid in yuan rather than crypto. Those transactions will no longer be possible. This is all part of a broader crackdown on cryptos by China, which sees them as a threat to the People's Bank of China's control of the money supply and capital account. Some crypto enthusiasts shrugged off the news and said, in effect, "No big deal, the business will just move to Taiwan." The problem is other jurisdictions are also taking a hard look. South Korea has been considering a ban on cryptos, although there's a popular backlash to this because so many everyday South Korean citizens bought into the hype last December and bet their life's savings on Bitcoin at prices of $15,000 per coin or higher. Many of them are now facing financial ruin and w Continue reading >>
Bitcoin Gold (btg) Investment Performance Statistics - Coincheckup
Investment AnalysisHhistorical performance and stats for all cryptocurrencies. GitHub AnalysisDevelopment activity for over 950 open source cryptocurrencies. Enjoying the website? Please consider supporting our efforts through a donation ! We're currently working to gather more data in order to score Bitcoin Gold Bitcoin Gold investment performance statistics Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome! Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here . Continue reading >>
Bitcoin Is The New Gold
Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Invest in it, perhaps. But don't try to shop with it. I hate to say I told you so, but well, I told you so . Bitcoin, 1 while still a popular financial asset, is looking less and less like a currency. Online payments company Stripe is ending Bitcoin support. It cites several reasons for doing so: [Bitcoin] transaction confirmation times have risen substantially; this, in turn, has led to an increase in the failure rate of transactions. By the time the transaction is confirmed, fluctuations in Bitcoin price mean that its for the wrong amount. ... Furthermore, fees have risen a great deal making Bitcoin transactions about as expensive as bank wires. A steady trickle of companies is no longer accepting Bitcoin as payment for goods and services. Such transactions never became very widespread in the first place. Even a Bitcoin conference in Miami refused to accept Bitcoin for its attendance fees! There are essentially three reasons Bitcoin isnt working out as a currency -- two technological , and one economic. Technologically, Bitcoin tends to be slow and laborious to use because it verifies transactions in small blocks. That problem isnt particularly hard to overcome -- just use bigger blocks, or use a form of temporary credit to ease the burden on the network. More o Continue reading >>
What Is Bitcoin Gold And Should You Invest In It?
What is bitcoin gold and should you invest in it? Is it just me, or does the bitcoin community seem to be very divided? The main question this year has been on how to solve the various issues dogging bitcoin, but this question has become the source of contention. In August, one faction of the bitcoin community split to form bitcoin cash, which so far has been successful. However, the planned SegWit2x fork planned for November was suspended. Now bitcoin gold has just forked , and is a completely different cryptocurrency. How is bitcoin gold different from other forks? The main reason for the creation of bitcoin gold was to create a truly decentralized bitcoin network. At the moment, bitcoin mining is dominated by ASICs, which are dedicated integrated circuits (ICs) for bitcoin mining. Alright, let me just put that in laymans terms. In order to mine bitcoin, a computer needs to solve complex mathematical formula in order to create a hash. The first computer on the bitcoin blockchain to solve the formula gets a reward. Any computer with a dedicated graphics hardware is capable of solving this formula, but ASICs are designed specifically for this task. As a result, they are much faster than a typical PC. The problem is that ASICs are expensive, and several companies have made a monopoly by holding huge numbers of ASICs. Therefore, the rest of us with just our personal computers dont stand a chance. Essentially, these ASICs have centralized bitcoin mining when it was supposed to be completely decentralized. The group behind bitcoin gold have solved this problem by implementing a different method of solving the math formula. Instead of SHA256 used in bitcoin, bitcoin gold will use Equihash. This new proof-of-work formula will give everyone a chance to mine bitcoin even from Continue reading >>
Is Bitcoin Gold The Best Bitcoin Fork Variation To Invest In?
Is Bitcoin Gold the Best Bitcoin Fork Variation to Invest In? In the recent months, the attention of crypto traders has been focused on Bitcoin forks, Bitcoin Gold (BTG) is one of them. Some people say that there has been too many of them already, which undermines the smooth operation of the system. Elsewhere, other investors would like to benefit from forks by receiving free coins, so they are happy about events like these. The Failure of SegWit2x Supports the Rest of the Existing Bitcoin Forks The most important event in November was the cancellation of the most discussed update in the Bitcoin protocol SegWit2x, whose goal was primarily to increase the block size. It is clear that speculators, who opened long positions in Bitcoin in the hope of obtaining free coins after the fork, immediately began to close positions, which resulted in a short-term correction. During the correction, investors turned their attention to Bitcoin Cash, Bitcoin Gold, and some altcoins. Bitcoin Cash, which came out on August 1, saw an impressive rally. After staying in the background for a while, the cryptocoin rose from around $630 on November 9 to a record high of over $1900 on November 12. Investors could return more than 200% in only three days. BCH even surpassed Ethereum by market capitalization for a short period, becoming the second largest cryptocurrency after Bitcoin. Today, in mid-December, Bitcoin Cash is stable above $1,400. The coin doesnt show any signs that it might lose ground soon. Bitcoin Gold also had a share from this story. The newly created coin started at around $142 on November 9 and rose more than 200% to a peak of $496. However, it could not maintain the rhythm and fell to the initial level before consolidating at around $300. The cryptocurrency has continued thi Continue reading >>
Grayscale Investments, Llc Announces Remittance Of Proceeds From Bitcoin Gold Sales
Grayscale Investments, LLC Announces Remittance of Proceeds from Bitcoin Gold Sales NEW YORK, April 2, 2018 /PRNewswire/ -- Grayscale Investments, LLC, in its role as agent (the "Agent") of the shareholders of record as of December 4, 2017 (the "Record Date Shareholders") of Bitcoin Investment Trust (OTCQX: GBTC) (the "Trust"), announced today that, on behalf of the Record Date Shareholders, it has completed the liquidation of approximately 172,244 Bitcoin Gold tokens, the rights to which were distributed to the Record Date Shareholders on December 4, 2017. On December 4, 2017, pursuant to the terms of the Trust Agreement governing the Trust, the Trust, acting on behalf of the Record Date Shareholders, appointed the Agent and distributed all of the rights to Bitcoin Gold tokens then held by the Trust to the Record Date Shareholders by transferring such rights to the Agent. On March 14, 2018, the Bitcoin Gold tokens became accessible to the Agent. On behalf of the Record Date Shareholders, the Agent subsequently exercised the rights it held with respect to the Bitcoin Gold tokens and liquidated the Bitcoin Gold tokens over a period of 14 days. In connection with the foregoing, the Agent will remit the cash proceeds from the liquidation of the Bitcoin Gold tokens, net of the administrative and other expenses incurred by the Agent in connection with the liquidation, to the Record Date Shareholders on April 3, 2018. Each Record Date Shareholder will receive $0.056478 per share. For the avoidance of doubt, Grayscale Investments, LLC is acting only in its capacity as agent of the Record Date Shareholders with respect to the foregoing and not in its capacity as sponsor of the Trust. Established in 2013 by Digital Currency Group, Grayscale Investments, LLC ("Grayscale") is a t Continue reading >>
So You're Thinking About Investing In Bitcoin? Don't
So you're thinking about investing in bitcoin? Don't So you're thinking about investing in bitcoin? Don't A collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush. I know youre tempted, but dont be a fool Mr Money Mustache is a financial blogger. He retired at 30 by living frugally and consistently investing his paycheck Last modified on Mon 15 Jan 2018 13.57EST An investment is something that has intrinsic value, not speculative value.Photograph: Anadolu Agency/Getty Images Ive been watching this bitcoin situation for a few years, assuming it would just blow over. But a collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush worldwide. It has gotten to the point where a large number of financial stories and questions in my inbox ask whether or not to invest in BitCoin. Lets start with the answer: no. You should not invest in Bitcoin. The reason why is that its not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments. These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future. When you make this kind of purchase which you should never do you are speculating. This is not a useful activity. Youre playing a psychological, win-lose battle against other humans with money as the sole objective. Even if you win money through dumb luck, you have lost time and energy, which means you have lost. Bitcoin and cryptocurrencies 'will come to bad end', says Warren Buffett Investing means buying an asset that actually creates Continue reading >>
Bitcoin Gold Fails To Impress Investors
Opinions expressed by Forbes Contributors are their own. Bitcoin Gold prices have plunged recently. Shutterstock Bitcoin Gold, a fork of Bitcoin that aims to democratize mining,has thus far failed to win over investors, its futures dropping to an all-time low the day after its software client went live. Futures for this altcoin, which is very similar to Bitcoin but allows a wider range of processors to be involved with mining,fell to as little as $218.34 todayon CoinMarketCap . This representeda more than 50% decline fromthe all-time high of $509.81these futuresreached on November 11. At the time of report, Bitcoin Gold futures had recovered modestly, trading at $268.61, additional CoinMarketCap figures show. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Going forward, Bitcoin Gold might fail to distinguish itself as ameaningful digital currency, some analysts warned. The basic idea behind this cryptocurrency is making a truly decentralized digital asset by spreading out mining, and therefore control. Having digital currencies that are too centralizedis a valid concern. Bitcoin can only be mined usingapplication-specific integrated circuits, and since this hardware is costly, Bitcoin mining has become centralized, falling under the control of large mining companies. Manyindustry participants havewarned that this situation provides these mining firms with too much sway over the digital currency's future direction, according to CoinDesk . While Bitcoin Gold's intention of spreading out control of mining sounds like a noble one, Tim Enneking, managing director of Crypto Asset Management , asserted that this goalmay very well fail tomateria Continue reading >>
2 Answers - Is Bitcoin Gold A Good Investment? And What Could Be The Impact Of The Fork On The Price Of Bitcoin?
Is Bitcoin Gold a good investment? And what could be the impact of the fork on the price of Bitcoin? Im not a financial planner and not qualified to give financial advice so please consider this for entertainment purposes only. Here are some things to consider about Bitcoin Gold. Bitcoin Gold is quick, stable and has cheaper transaction fees than Bitcoin. Also Bitcoin Gold has a large community on the Bitcoin Gold slack channel with over 8,000 members (about 4x the number of participants than the Bitcoin slack channel) so there are a lot of people getting involved as miners, developers, community members and supporters. There are many popular exchanges where you can get Bitcoin Gold, such as bittrex, bitfinex, bithumb, huobi, etc. with upcoming listings on CoinOne and Poloniex coming soon. Best of luck! You can't invest in it right now, and it's not even clear when it will be available. It's supposed to be the 25th, but who knows. The only exchange I know that will support it is Yobit, but no one can say what the price will be. There are so many people thinking it will be free cash that I suspect it will be dumped soon after launching. As for what I think it will do to the BTC price, well not too much, but you never know, it might induce a bit of a sell off. If it does, I think the bulls will eat it up. I'm not even going to bother with it, unless something crazy happens like it trades up to the moon. Chances of that happening though are about the same as Dogecoin taking over the dollar. Continue reading >>
Bitcoin Gold Price Chart, Market Cap, Index And News - Investing.com
2007-2017 Fusion Media Limited. All Rights Reserved Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesnt bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. Continue reading >>
Bitcoin: Why You Should Not Invest In Today's Fool's Gold
Bitcoin: Why You Should Not Invest in Fool's Gold SMART INSIGHTS FROM PROFESSIONAL ADVISERS Bitcoin: Why You Should NOT Invest in Today's Fool's Gold If Bitcoin is at $10,000 today it's because the fool who bought it for $10,000 is hoping another greater fool will pay $12,000 for it tomorrow. But what do you get for your money? What's it worth? That's the problem. By Vitaliy Katsenelson, CEO and CIO | Investment Management Associates I've been asked about Bitcoin a lot lately. I haven't written anything about it because I find myself in an uncomfortable place in agreeing with the mainstream media: It's a bubble. Bitcoin started out as what I'd call "Millennial gold" the young (digital) generation looked at it as their gold substitute. SEE ALSO: Flying Blind With Bitcoin: Should You Invest, too? Bitcoin is really two things: a blockchain technology and a (perceived) currency. The blockchain element of Bitcoin may have enormous future applications: It may be used for electronic contracts, voting, money transfers and the list goes on. But there is a very important misconception about Bitcoin. Ownership of Bitcoin doesnt give you ownership of the technology. I, without owning a single bitcoin, own as much Bitcoin technology as someone who owns a million bitcoins; that is, exactly none. Its just like when you have $1,000 on a Visa debit card: That $1,000 doesnt give you part ownership of the Visa network unless you actually own some Visa stock. Owning Bitcoin gives you a right to what, actually? Digital bits? Wall Streets Wrong about What Its Worth A client jokingly told me that his biggest gripe with me in 2016 and 2017 was that I didnt buy him any Bitcoin. I told him not so jokingly that if I bought him Bitcoin, hed be right to fire me. Maybe Im a dinosaur; but, like gold Continue reading >>
Bitcoin Gold (btg) Is It Worth The Gold?
Bitcoin Gold (BTG) is it Worth the Gold? If you didnt know it, Bitcoin had two major community-driven hard forks in 2017. The first one happened in August resulting in the formation of Bitcoin Cash (BCH) . The next one happened in October, leading to the formation of yet another Bitcoin crypto Bitcoin Gold (BTG). Bitcoin Gold (BTG) is an open-source blockchain cryptocurrency that splintered off the main Bitcoin platform after a hard fork over apparent centralization of mining. The forking officially happened on 24 October 2017 at block height 491407. Bitcoin Golds main concern that led to the decision to fork BTC revolved around the mining process. The team behind the fork wanted to decentralize mining; to make Bitcoin easier to mine using GPU equipment rather than through the specialized and expensive ASICs. The main concern was that ASICs locked out average miners who could not afford to acquire Application Specific Integrated Circuits. Here are the differences between Bitcoin Gold and Bitcoin (BTC) There are two main areas in which Bitcoin Gold (BTG) differs or tries to set itself apart from the original coin Bitcoin. Lets have a look and find out whether Bitcoin Gold is really different from its largely successful parent. Bitcoin Gold uses Equihash proof-of-work hashing algorithm while Bitcoin uses SHA 256. By electing to use the Equihash hashing algorithm, Bitcoin Gold becomes ASICs- resistant thereby allowing miners with GPU hardware to carry out mining. The monopolization or centralization of mining by large farms is avoided; the equipment needed to mine using Equihash must have a bigger RAM, exactly what the ASICs lack. This hashing algorithm helps to decentralize mining, a point the Bitcoin team advocated for before the fork. Its worth noting that Bitcoin Gold Continue reading >>
Btg Usd | Bitcoin Gold Us Dollar Bitfinex - Investing.com
To use this feature, make sure you are signed-in to your account To use this feature, make sure you are signed-in to your account Make sure you are signed-in with the same user profile Add to/Remove from a Portfolio Add to Portfolio Cryptocurrency Projects Aiming to be ASIC Resistant Have Little Success Just recently the Bitcoin Gold (BTG) developers announced the projects consensus algorithm Equihash was threatened in a blog post called A Response to the ASIC... MoneroV Mainnet Launched, Wallet Caution Advised By Cryptovest-22 hours ago The MoneroV project lay inactive for a while, but managed to launch a mainnet and wallets, a not so difficult feat given that any fork can copy the code from the original asset.... National Futures Association (United States), Financial Industry Regulatory Authority (United States), Securities Investor Protection Corporation (United States) National Futures Association (United States), U.S. Commodity Futures Trading Commission (United States), The Financial Conduct Authority (United Kingdom), Australian Securities and Investments Commission (Australia), Financial Industry Regulatory Authority (United States), Investment Industry Regulatory Organization of Canada (Canada), Securities and Exchange Board of India (India), Securities and Exchange Commission (United States), The Securities and Futures Commission (Hong Kong), Securities Investor Protection Corporation (United States) U.S. Commodity Futures Trading Commission (United States) We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Stay focused and on track. Only post material Continue reading >>