Blockchain: The Greatest Invention of the 20th Century.

Blockchain technology: The technology behind cryptocurrencies has been lauded as the Most Significant Invention since the Internet and Electricity.

For those that don’t know what the blockchain is about. Blockchain technology is the technology of distributed decentralized ledgers that is validated and confirmed by its community of users.

In the bitcoin blockchain.

Transactions by the community are written line by line on a block. Once the block is filled. The combined hash of transaction values, its timestamp, Hash of previous block and its nonce is used to generate a cryptographic value for which the computers or miners battle to predict. Once a miner gets its exact value - Mind you, this cost a lot in power and computational hash to get it right, as at today. This is harder than finding a particular grain of sand from all the grains of sand on Earth (This is called Proof of work) - The transactions on the block are validated and become immutable, a new block is created and the miner is rewarded with 12.5bitcoin. This happens every 10minutes.  

This is a simple explanation of the blockchain and its present application in cryptocurrency cuts off the middle person or third party in its transaction. It is an open system and it gives anonymity to the users.

The good part is that it can be applied to both public and private use.

Blockchain applications:

The Blockchain technology has already been applied to different applications like Healthcare, Manufacturing and by Governments.

The Chinese and Indian Governments are seeking applications of the Blockchain technology as I write.

Industry leaders and IT firms are seeking applications of this to enhance seamlessness, openness and automation in their services. Some of these industry leaders have been talking about these changes coming.

Comments on the blockchain technology:

It allows people to exchange value without knowing the identity of each other necessarily, in a secure way on the back end. On the front end, it's simplicity, transparency and trust. Think of all the cost, time and often waste that happens in the exchange of value – blockchain rids that from the system.

Jason Kelley (IBM Global Manager for Blockchain Services).

With blockchain technology, we can create a version of Wall Street where no one can cheat and where all kinds of mischief cannot even occur. Crypto currency gives us a way to communicate value that's outside the control of any government mandarin, and I think that's good.

Patrick Byrne (CEO, Overstock.com)

It simply shows we are at a new paradigm. The earlier we accept it, the better. We need to start learning its use and seek applications of the Blockchain even as we move towards a world of Artificial Intelligent and Augumented Reality. 

Kurecoin: A Coin from Africa by Africans to the world

A Coin from Africa by Africans to the world

A brand new cryptocurrency coin is launching with the mainstream African user in mind. KureCoinHub, a self-service banking platform built into a decentralised system based on smart-contracts on the Ethereum blockchain. It has been described as the largest cryptocurrency project in Africa.

KureCoin was created as an investment solution to help Africans rise above the poverty line, by developing a unique access point for the mainstream user into the cryptoeconomy.

The KureCoinHub is a trifecta of a bank, an exchange platform called KUREX and the coin called KURECOIN. KureCoinHub runs on a highly secure system, built with the proof of stake algorithm based on Ethereum smart-contracts, which have been said to be perfectly suited to direct buyer-seller interaction.

According to the founder and CEO, Tega Abikure, KureCoin was created to function as a much easier way to buy and sell. His team identified an opportunity to use blockchain technologies to solve problems such as access to capital by creating a system of zero collateral loans using your crypto assets; leveraging on the ease of transaction and exchange of bitcoin, alt coin and Naira or other local fiat currency.

The KureCoinHub platform is poised to solve the problems of current payment systems, which involve too many intermediaries and impose many restrictions, especially when it comes to international payments.

KureCoinHub entered the marketplace with a Pre-ICO, soon to be followed by the ICO phase and plans to continue to gradually improve the hub which is the bank. Soon, the Hub will have enough functionality for people to start selling/buying coin. Then we have our exchange coming soon.

“As an investor, my primary need is to get my money to work for me. An ICO offers the public that opportunity. This is a revolutionary ICO aimed at solving the problem of liquidating your bitcoin in order to access cash denominated in local or fiat currencies. We wanted to solve real a world problem, not just try to reinvent finance away from the traditional banking system.”

Tega Abikure (MD/CEO Kurecoinhub)

The ICO is not aimed solely at crypto investors, but for the larger banking industry. Built with wealth creation for the African individual in mind, investors in KureCoinHub are set to receive competitive returns on their investments. KureCoinHub is poised to be the first blockchain bank, launching with a range of products and services, including lending against an individual’s crypto-based assets and KURECOIN.

KureCoinHub restricted the maximum number of subscribers at the Pre-ICO to a limited number of people in order to provide an individual approach and maximum security within the available resources. The hard cap for the ICO is 

60,000 ETH, which the team believes is what is needed to release a finished product backed by good marketing, legal organization and community management.

KureCoinHub is also trying to tackle the global perception that Africans are fraudulent with this move. “We want Africans to know they can trust Africans; we want the world to know that there are African men who can be trusted. Our company is based in Lagos, Nigeria. We are always on all media platforms speaking to people about the need to do the right thing. ICO scam is not exclusive to Africa, it happens on every continent”, said Abikure.

For more information and a chance to be part of this click https://kurecoinhub.io/app/register?id=JoinNow

Bitcoin Miners Face Dilemma as Only Strongest Survive at $6,000

By Justina Lee (Bloomberg)

Bitcoin Miners face dilemma.

Bitcoin miners face a reckoning as the cryptocurrency’s tumble wipes out profits for all but the industry’s most efficient operators, according to Bloomberg New Energy Finance.

Only miners with access to “very cheap” electricity of about 6 cents per kilowatt hour or less can stay profitable after Bitcoin slumped to $6,000 on Tuesday, said Sophie Lu, an analyst at Bloomberg New Energy Finance in Beijing. 

If Bitcoin stays this low for more than a couple of weeks, miners with high operating costs will leave the market, she said.

“There are definitely some miners who are already out of the money,” Lu said, adding that the industry’s most efficient players can keep going until $3,000.

Bitcoin’s meteoric rise to nearly $20,000 last year prompted hordes of new miners to enter the fray -- everyone from individuals with a single machine plugged into their bedroom wall to companies with giant server farms powered by hydroelectric dams. With prices in the stratosphere, the Bitcoin-denominated rewards that miners received for verifying transactions more than covered the cost of electricity and computing power.

But the economics are much less compelling now that prices have tumbled and the difficulty of mining Bitcoins has increased. The industry’s daily revenue plunged to $16 million on Monday from a record $53 million on Dec. 17, according to Blockchain.info.

“If you buy mining equipment now, it’s no longer profitable,” said Zhou Shuoji, a founding partner at FBG Capital, a Singapore-based cryptocurrency investment company.

In theory, Bitcoin should find support as its price approaches the cost of mining a new coin, 

Zhou said: The cryptocurrency’s value is also a function of its demand, and right now that’s looking shaky as worries over tighter regulation around the world send investors for the exits.

Uncertainty! As Cryptocurrencies struggle to stay affloat...

Cryptocurrency news this week: By Solomon Esor.

Cryptocurrency markets fell this week as a string of bad news pummeled markets fresh off of new highs.

Let’s break down what happened, and why it shouldn’t impact the long-term trajectory for cryptos.

It began on Monday, when news circulated that China is reportedly looking to reign-in domestic mining operations. Chinese mining operations currently account for nearly 79% of all bitcoin mining globally.

As reported by the Financial Times, a multi-agency task force issued a statement in early January directing local governments to pressure mining firms to reduce operations.

In response to the directive, Chinese miners have reportedly begun looking to relocate operations abroad — in locations with cheap energy and cool climates, which is beneficial for cooling electronic components.

China has a history of attempting to intervene in cryptocurrency markets...

In late 2017, the government moved to ban fundraising via initial coin offerings and subsequently ordered cryptocurrency exchanges to cease domestic operations.

Separately, in a release on Thursday, Reuters reported that South Korean officials plan to ban cryptocurrency trading.

Of course, South Korean enthusiasm for cryptocurrency investments has exploded in recent months. The east Asian country currently accounts for nearly 20% of all bitcoin trading globally.

So the report rattled cryptocurrency markets, sending prices of ethereum and bitcoin down by more than 10%.

Now, the report was later discredited. Officials from other branches of the government clarified that no immediate ban was being considered.

And markets responded positively to the clarification. But the uncertainty continued to weigh on markets by late Thursday afternoon.

A Dilemma for Regulators

This won’t be the last time regulators will attempt to step in and police this market.

As this market continues to grow, the potential risk to the real economy grows more likely.

Regulators will increasingly be tempted to protect their own interests and safeguard their citizens.

However, regulators have a dilemma…

They can try to ban cryptocurrencies completely, or they can work to develop solutions to accept the changing market landscape. I expect them to try both.

But as we’ve seen with alcohol prohibition, the war on drugs, and digital music piracy the government has a terrible track record enforcing bans on goods and services which people want.

Ultimately, China’s approach allows the government to signal their intention to influence markets without strict regulation. But this will likely embolden the anti-government ideology which already pervades these products.

So while many believe that unfriendly regulatory actions are a risk to cryptocurrencies, it appears that regulators may be adopting a more tactful approach.

Takeaway: All of this uncertainty represents tremendous opportunity. As we saw with this week's selloff, regulators are likely exploring ways to gradually take the air out of this market. However, if these attempts prove unsuccessful, we could see more oppressive policy decisions in the future.

I continue to remain bullish on the long-term potential of cryptocurrency and continue to advise my readers to buy dips in Cryptocurrency ICOs

Happy New Year

Bitcoins Bull Run.

2017: The year of Bitcoin's Bull Run.

2017 has been a great year. A year for the bull run of bitcoin and even now it is amazing how far bitcoin has come this year. This is the third year in a row that bitcoin is the  currency of the year.

January: In its first week, Bitcoin became $1000. That was a shock to many.

The price kept rising all through 2017. Hitting new highs and lows.

March: Bitcoin gained mainstream as New York subway trains started accepting bitcoin as payment this year.

June: IMF urged banks to invest in cryptocurrencies in June this year.
August: Bitcoin hard forked on the first of August and created Bitcoin Cash BCH. The 4th largest cryptocurrency by marketcap today.

This is also the year the word: cryptocurrencies was introduced to the world. The world got to hear about bitcoin in November 28^th this year when bitcoin price hit $10,000 and many were alarmed, wondering?

What is bitcoin? How could it be $10,000.

November: What is bitcoin was the highest search term on google from 29^th November till 20^th of December.

Bitcoin futures was introduced by CBOE in December 10^th and CME by December 18^th respectively.

December: Bitcoin achieved its highest run this year on the 18^th of December when it hit $20,000.

Bitcoin is presently $13,000 at the time of this writing.

Will it be sustained or do we see bitcoin going higher next year?

If you ask me I think 2018 will be the year of the blockchain and the year of Ethereum as a cryptocurrency.

Thank you for being a faithful reader and follower of this blog this year and 

Wishing you a wonderful new year and the best of 2018.

Thank you.

Bitcoin validation ...

Bitcoin Validation: CME Group launches Bitcoin Futures

Chicago Merchantile Exchange launched bitcoin futures today. CME Group is the world's largest futures exchange and it is the second exchange to launch bitcoin futures after CBOE. 

This is as the cryptocurrency has been on a run since the beginning of this year and most importantly since November reaching and breaking price barriers.

This has made the market a wonder and speculators have been wanting to get their hands on the money in the bitcoin sphere but needed a renowned body to be behind it first. The needed what i call: Bitcoin Validation. This happened on the 10^th and 18^th of December respectively when CBOE and CME groups launched bitcoin futures. Now investors can speculate the rise of bitcoin and profit from its increase. This alone has driven the price of bitcoin from $11,000 at the begining of december to $15,000 to $18,000 at the time of writing this post. 

The question on many peoples lips is:

Can these moves be sustained?

Lets hear from Axel Weber: UBS Chairman.

Swiss bank UBS has warned anyone keen to invest in bitcoin that they risk losing their money.

Weber fears that the digital currency’s recent gains are unsustainable, and says investors and speculators should keep away.

Speaking to Swiss newspaper NZZ, he says:

“We as a bank have consciously warned against this product because we do not assess it to be valuable or sustainable.”

Weber argues that financial regulators should now step in, given the surge of interest in bitcoin recently. Otherwise, he fears smaller investors could be wiped out by bitcoin’s volatility.

France’s finance minister, Brune Le Maire, has also waded into the bitcoin debate.

He wants the G20 group of leading advanced economies to debate the whole issue of digital currencies next speing.

Speaking on French news channel LCI, Le Maire says:

“I am going to propose to the next G20 president, Argentina, that at the G20 summit in April we have a discussion all together on the question of bitcoin.” Le Maire told French news channel LCI.

“There is evidently a risk of speculation. We need to consider and examine this and see how with all the other G20 members we can regulate bitcoin.”

The changes in bitcoin recently calls for price regulation but does the cryptocurrency built not to be regulated have a hidden code for regulation.

Regulations definitely require a third party intervention and the blockchain for which bitcoin was created has none. We would have to wait it out to see what the world financial system would do to stop the rise in bitcoin price as it seems they won't be relegated to the walls of history without a fight.

Bitcoin Price rise | Bitcoin skyrise trend continues...

Bitcoin Price Rises again | Just clocked $15,000

Bitcoin price is rising fast and beating all expectations and criticisms.

This is the best year so far for bitcoin as it speeds past $10,000, $11,000. $12,000, $13,000, $14,000 and now at $15,000 all in just one week.

This for some people is a surprise but for those that have been watching the trend and seeing its rise. It isn’t a surprise that the price is up to $15,000 but for everyone its timing is the surprise. I told a friend it would get to $15,000 by June next year. I never thought it would happen in this year considering bitcoin became $1,000 at the first week of January.

Bitcoin price has been on the rise due to so many factors. For which I had covered in my last post.

FOMO causing Bitcoin price rise

A lot of what we are seeing now is the fear of missing out- FOMO- playing out.

As the demand increases, the price for bitcoin goes up. Most of these increases are initiated from the Korean market and they seem to be on the verge of buying up every bitcoin they can find and with that comes the price increase.

If you have been following the trend. You would have to be careful with price increases as it moves up and at some point it would fall and there would be a rebound to higher heights.

Bitcoin Futures causing Bitcoin price rise

A large reason for bitcoin price rising this December has been due to announcements by CME group to go into bitcoin futures on the 18th of December . Other investment houses are all coming out with bitcoin futures and for the first time since its use from 2009. It is now being formally recognized as an investment instrument and there is lots of money to be made from investing in bitcoin.

Bitcoin is something everyone has to take seriously now

It has shocked and surprised all investors and critics alike.

It is the largest and biggest store of value now.

It is now been used in all over Asia, Europe, Australia, the US, and  some parts of Africa.

According to CNBC:  The digital currency's gains accelerated after crossing the psychologically key level on Tuesday night. Bitcoin now has a market value of more than $230 billion, meaning it would rank among the 20 largest stocks in the S&P 500.

So if you have been thinking, this is just a hoax….think again.

Bitcoin Price hits $10,000

Bitcoin Price now $10,000

It has finally happened. Bitcoin price has hit $10,000.

This happened in the afternoon of 28^th of November, 2017 at 1.30am UTC (9.30am Hong Kong time) as traders in the Korean market started trading bitcoin BTC/KRW at $10,800 on both Bithumb and Coinone. The second and seventh largest bitcoin exchange by volume. The western world was a bit skeptical at first but was reluctantly pulled into the double digits milestone value by increased buyers on the bitcoin sphere.

Bitcoin price hit $9,000 for the first time ever in November, 26^th and it took only two days to surge past $10,000 as its market price right now is $10,557 according to the stats from Coin market cap.

So you may want to ask: Is this growth sustainable?

Billionaire Hedge fund legend Mike Novogratz – a long term bull thinks the price of bitcoin could reach $40,000 in 2018.

So what are the factors driving bitcoin price up?

This thanksgiving weekend alone. The iOS App for Coinbase trended amongst the searches on Appstore as the most downloaded App. Totaling 100,000 downloads in just 4 days.

In August this year: there was an announcement that 70 new fund could be starting on the cryptocurrency sphere. Now this is no longer news as over 100 fund managers are venturing into the bitsphere and bitcoin is now formally gaining wallstreet attention and adoption.

 Also, there has been over 2000 new ICOs this year and they all have been using bitcoin as their base currency for trade and transaction.

This in itself has driven the daily transacton volume from $161billion in August to over $240 billion today.

Another major contributing factor for bitcoin sizeable gains is the reality that bitcoin futures would soon be traded on major regulated markets. Two of the world’s largest futures markets, the Chicago Mercantile Exchange (CME) and the Chicago Board of Options Exchange will soon launch Bitcoin futures.

This in itself is large.

The large adoption of bitcoin all over the world is also unprecedented.

From Countries with little internet presence to the western world. Everybody wants in and due to so its simplicity and no government or third party interference, people are shoring it up as a store of value. Venezuela for instance has had the Bolivar devalued to 90% of its value due to hyperinflation and right in its capital city, Caracas, bitcoin adoption has risen exponentially.

This alone can make the price go up to $40,000 and above.

So you now ask, can bitcoin price increase be sustained?

Still on Mike Novogratz on CNBC: “We shouldnt be surprised if the markets undergoes a short term correction as the rally cools off and early investors and traders take profit… “

So don’t be afraid of price corrections and rally off.

Like the soldiers in Hollywood blockbuster 300.

Hold! Hold!! Hold!!!

The journey has only just begun.

USITECH | This video sums it up

         

All you need to know about USITECH

For those of you wondering what is this USI TECH about?

Here is a video that simply explains what it is and how to join.

Enjoy...

Bitcoins scams are everywhere. Watch out!

                                                   

Bitcoin Scams are everywhere. Watch out!

                                                             This picture speaks volume.
                                                             Not all that glitters is gold.
                                                              Too many online scams today.
                                                                    Don't fall victim.
                                                             Watch your investments closely.
Here is one i reviewed last year. http://bitcoinvestpw.blogspot.com.ng/ An online scam that took 0.26btc from me and many more from others.   I am interested to hear about your experience online.
Please share with us. Lets all be safe online. Thank you.

What is the best investment today?

Bitcoin Price (Jan 2017 to 24th Sept, 2017)

What is the best investment, you ask? 

Today we are burdened by a constant seeking of genuine investment opportunities to grow our finances, and if we have been listening or just living in this planet this year. There is no better investment like the investment in bitcoin.

Bitcoin has been phenomenal this year. To believe that it started this year with just $1000 and in just 8 months jumped to near $5000. That’s 500% increase and it retraced to about $3,000 upon BTCe announcement of a stop in its trading activities and now it is towering towards $4000.

Now, If you know just simple investment principles. You will not sell out during market fluctuations.  Let’s borrow from the wisdom of Warren Buffet: You buy to hold. Don’t sell with market fluctuations. The market was meant to fluctuate with news but you are to ensure you don’t put your emotions in it. What’s the worse that could happen. You earn back your $1000 which is not possible seeing the world’s acceptability of bitcoin.

For those who are afraid, never before has there been an answer to the financial problems of the common man like the appearance of bitcoin. Bitcoin eliminates the international money exchange problem and allows you deal with the user or recipient directly anywhere in the world. It also has proven a better store of value than Gold. There is no governmental interference and It is now in use in Asia to the US and the UK and one that you are not afraid can be stolen. What could be better than that? What is the best investment today? Bitcoin is the best investment for today.

Now, there are so many investment platforms for mulitiplication of bitcoin today- Please be wary of these. People have realized bitcoin will keep rising in value and they have come up with various bitcoin investment platforms to ensure they grab as many bitcoin as they can. Unless one you can verify and are sure of. Don’t put your bitcoin in there. Bitcoin value has been projected to get to $10,000 and it may even go higher since it has a limited number in circulation. So a lot of these schemes are just to grab as many bitcoins as they can. So be careful out there. Learn from the wisdom of Warren Buffett: Buy and Hold.

                                                           

USI-TECH: How genuine is it?

USI-TECH was launched in Nov 2016 as a new online investment and cryptocurrency investment tool.

USI-TECH has been cleared by SEC (Securities and Exchange Commission) and FTA (Free Trade Agreement) in the US, legalizing its existence. 

Check Alexa Rankings,  most of its investors are from the US. This is a feat most online businesses cannot boast of. Most don’t operate in the US.

                         Cryptocurrencies is the new age currency 
and since our world is globalized by computer networks. Cryptocurrencies have come as a digital currency to enable commerce take place beyond borders and without a third party.

USI-TECH takes advantage of this boom to create a cryptocurrency and forex products that allows you plug in and profit.

                                                                  You can sign up immediately here.

                                                 
                                                               Want to know more, read more from here

IMF Urges Banks to Invest In Cryptocurrencies

International Monetary Fund (IMF) suggests that banks should consider investing in cryptocurrencies more seriously than they have in the past. According to the IMF staff team responsible for the note, including prominent economists such as Dong He, Ross Leckow, and Vikram Haksar, "rapid advances in digital technology are transforming the financial services landscape." These members of the IMF feel that such transformations generate new opportunities for consumers as well as service providers and regulators. The ultimate message of the report seems to be one of support for cryptocurrencies, as it outlines some of the ways that the fintech industry might be able to provide solutions for consumers related to trust, security, financial services, and privacy in this area.

Boundaries are Blurring

One of the key findings of the IMF report is that "boundaries are blurring." This means that the borders between intermediaries, service providers, and markets, previously well-defined, have become blurry with the advent of new technolovy related to digital currencies and cross-border payments. Along with the blurring of these boundaries, the authors of the report suggest that "barriers to entry are changing." This does not, however, mean that barriers to entry are universally being lowered. Rather, they are being lowered in some situations but raised for others, particularly "if the emergence of large closed networks reduces opportunities for competition."

Trust Remains Essential

Absolutely key in the view of the authors of this report is that "trust remains essential." With less reliance on traditional intermediaries, consumers are turning more towards new networks and providers. 
The facilitation of this transfer on a large scale requires significant levels of trust in security, privacy, and efficiency. Along with this, and perhaps contributing to a new sense of trust, is the authors' conclusion that "technologies may improve cross-border payments" by serving better and more cost-efficient services, by lowering compliance costs, and by working to fight against terrorism financing.

In the view of the IMF authors, the financial services sector is poised to make the change toward cryptocurrency involvement. That being said, the report suggests that "policymaking will need to be nimble, experimental, and cooperative" in order to successfully navigate this crossing. Simultaneously, regulatory authorities will have a careful job to do: they must balance efficiency concerns and stability tradeoffs. In order to be willing to enter into this world, regulatory authorities will likely need reassurance that risks including cyberattacks, Money laundering and terrorism support can be mitigated without harming the innovative progress of the digital currency world. To do this, the authors believe that regulators might need to increase their attention on activities and that governance will need to be strengthened. If all of these things take place, the IMF authors believe that banks could integrate cryptocurrencies successfully.

Read more: IMF Urges Banks to Invest In Cryptocurrencies | Investopedia http://www.investopedia.com/news/imf-blockchain-banks-invest-cryptocurrency-blockchain/#ixzz4lJ6wScnS 

Bitcoin’s Future is Brighter than Any Other Asset

Bitcoin has come to stay and it is right now the best asset to trade on worldwide.

For the analyst and prophets of doom that insisted it would fork along the way. That is not happening and bitcoin has proven itself to be the defacto asset for investment. If you are serious about investing and you have not started learning or investing in bitcoin then you are leaving too much on the table.

Bitcoin on the rise from Dec. 2016

Bitcoin has been on the rise from december 2016 when it was going for less than $1000 and now have  increased to over $1800 in just over 5months.
This truly in incredible as no asset would give you that ROI. Its acceptabililty is even baffling and worldwide it is known and accepted even in the most unlikely places you can think of.
Some tuition today is paid with bitcoin. Business to business are already transacting commerce today in bitcoin.
99bicoin a bitcoin website has a list of where and where it is accepted today and you can look it up here
Other than that countries that were at first against its use are now opening up communications as to how it can be used for commerce and regulated there.
Countries like Japan, South korea are opening up to bitcoin and this is causing its price to rise and would rise even more as India, China etc are joining the league of nations that use bitcoin.
So get on the train now as this is the biggest financial revolution ever and only equal to the internet changing the printing press.

Bitcoin becoming a more acceptable means of payment.

Bitcoin is becoming a more acceptable means of payment. 

The sign above is from a New York subway train station. Yes! It is being said that the journey of a thousand miles begins with a step and a child today will grow to become the leader of tomorrow. This is a true saying and we get to see that daily in our lives and times. Bitcoin started as a nerd currency and it looked like it wont see the light of the day but gradually it spread to being liked and used by others as the first cryptocurrency to being used and revered the world over today. It started below 5cents to a bitcoin and grew gradually until In 2013 due to some strange occurencies it got to the point where it traded for $1300 to a bitcoin and as fast as it moved up it dropped to about $200 to a bitcoin, today in March2017, it is at $1270 to a bitcoin. It has moved to a point where it has proven itself as the defacto currency today as it is higher than all the major currencies of the world and is still climbing.

What makes bitcoins acceptable:

It is the first currency to be without a governmental control  and intervention and is just controlled by the forces of demand and supply. It also cuts off the middle man between during transactions and for the first time allows financial transactions to occur directly from person to person. These are a few factors for its worldwide acceptability and for some time now there has been a failure of so many world currencies due to their government policies. This had been happening in times past but never before have we had an alternative currencies that is above inflation and manipulation. Bitcoin becoming a more acceptable means of payment. Yes! These are the reasons people are gravitating toward bitcoin and it will still go higher.

It started by being accepted by online shopping industries and later moved to being used as a physical means of payment. It has been accepted by bars and shops and supermarkets in countries in the UK and US and some places in China. It acceptability has now spread to all payment platforms online and countries after countries are accepting it today. It is now being accepted as tuition for some universities today e.g Brazilian University, Cyprus University and kings college New York  and many have accepted it as a form of payment and that to me that is the height of it. If you have not been serious with bitcoin I must say you have been left behind.

Bitcoin as a currency has proven itself and is still proving itself some more. By the end of this year a bitcoin would be worth more than $2000 and the more we scorn at it the more Bitcoin will become a more and more acceptable means of payment. So, wny not seek ways to jump in now and watch how your finances grow into the future.

German Industrial Output Falls after 8 years of steady growth

Carolynn Look  (Bloomberg)

• Output dropped 3% in December vs estimated 0.3% increase
• Economy Ministry says orders indicate revival in coming months

German industrial production unexpectedly fell in December, signaling that Europe’s largest economy isn’t immune to heightened global uncertainty.

Output, adjusted for seasonal swings and inflation, declined 3 percent from November, when it advanced a revised 0.5 percent, the Economy Ministry in Berlin said on Tuesday. The volatile indicator’s worst reading since early 2009 compares with a median estimate for a 0.3 percent increase in a Bloomberg survey. Production was down 0.7 percent from a year earlier.

German business confidence slipped in January and momentum in manufacturing and services slowed as national elections in September and risks related to Brexit and protectionist trade policies in the U.S. weigh on the outlook. Companies assessment of current economic conditions remains favorable, with factory orders surging and unemployment dropping to a record low.
A rise in order intake in the industrial and construction sectors as well as an increase in sentiment indicators in these areas “signal a revival of production growth in coming months,” the Economy Ministry said in an e-mailed statement.

Output was damped by a 3.4 percent decline in manufacturing, according to the data. Construction fell 1.7 percent in December from the previous month, while energy production declined 0.9 percent.
Today’s data come on the back of a Monday report showing factory orders bounced the most since 2014 in December. The surge was driven by demand for investment goods and saw both domestic and export orders increasing.

Bitcoin price ready for the big move...

Bitcoin is on the news again and this time it is not due to its price rally or dive but due to the inauguration of the 45th president of the united states: Donald J. Trump.
Bitcoin had a fall back some weeks ago due to China currency control and lost a fifth of its price but has not been able to get below the support mark of $860. It has been howering around that value upto $880. This has been on for some days now and it seems it is rallying for a big jump. Don’t believe it, let me tell you why.
China currency controls had been tweeted overly by the soon to be President of the United States: Donald J. Trump.  Donald Trump sees China as a country ripping others off by currency controls and they just recently caused the price of bitcoin to lose a fifth of its value by publishing a statement to its people that bitcoin has no value backing it and therefore no currency for exchange of value, this was after holding a meeting with the biggest bitcoin exchanges in China inorder to consolidate the use and value of its Yuan. The President elect of the US has been talking …no tweeting about China Currency controls…and they know immediately he steps into power he would be watching them like a hawk for any such changes.
Investors have also been on the lookout for changes in the dollars immediately the inauguration takes place as events within the inauguration would decide which way the dollars slides against other fiat currencies especially the euro and the yuan.

US-China trade war coming

The battle for manufacturing supremacy is about to begin as the US and China go head to head as each looks to fuel demand and inject more growth into their respective economies. Will the US currency be the next one to devalue because unlike before China is ready for them now.

Bitcoin is at the right place and at the right time and a safe haven for investors. Its value would most likely climb to be $2000 and with over 30+ banks in negative interest rates, things could only get worse for fiat currencies. 

Online Scam detection - How to know it is fake

I would be teaching and helping readers right now as there is a great need for education on online scam detection. We have so many scams online today and it baffles me that people keep falling for these scams daily and keep losing their hard earned money. We will do a review of some of the things you look out for in an online investment. We won’t be displaying the names of the scam sites but we would be telling you factors to use and identify a scam investment online.

First of all, all investments require a level of trust.
This trust would be gotten from assessing the investment based on several factors.
There are many other factors we can consider but we would be going through some very critical factors that must be in place before you commit.

This can serve as a guideline for online scam detection but you need to add more as you become more adept: let’s just say this is the minimum requirement from any online investment you want to invest in.

Online scam detection guidelines

The online investment must be regulated - EU, US or Country Regulated - and there should be documentation to support this. Such regulations website should be online and you can check them up if you think the document is false.

The online investment should be trading or investing in a physical asset e.g Oil and gas, Forex, Commodities etc…some would argue this as bitcoin is not a physical asset. Bitcoin is an exception.

The online investment opportunity should not be a HYIP- High Investment Yield Program - you invest $100 and get 150% in 5 days…that is totally unrealistic and you know its crazy to achieve but you invest because you are greedy. Such high returns don’t happen overnight and you should stop being greedy.

The online investment should have a track record. This I cannot overemphasize. If they claim they have been investing since 2014. Then we should see the daily trading details from then on and there should be investors that have been with then since then. You can find this out in results.

The online investment should have a social media page for investors and you can assess them to see user comments and complaints and how it is being resolved.  
 Such investment should have a good support line for people investing to enable them resolve issue within minutes of reporting.

Scam sites are on the increase today especially with the rise in price of bitcoin and so many are receiving bitcoin for their "supposedly investment" so the need to educate readers on online scam detection. if you get scammed you can submit your comment here inorder to help others from being scammed...and yes! i have been scammed before, you are not the first nor would be the last. Lick up wound and start all over again.