Showing posts with label bitcoin. Show all posts
Showing posts with label bitcoin. Show all posts

Thursday, February 23, 2017

I need bitcoins now. PLEASE HELP!!

Buying some bitcoins is still very difficult. There is still so much to learn and understand about Bitcoin, but as the price is going up daily the panic and need to getting some bitcoins quickly gets more urgent and desperate.

The fastest and safest way to start owning bitcoin is to buy a mining contract from Genesis mining. https://www.genesis-mining.com/  You will receive a small amount bitcoins daily into your account.

Right now you can purchase 1 Tera Hash of mining power for $150 USD and you can charge it against your credit card. This will give you 0.00032 Btc a day which is about 38 cents USD. At this rate it will take more than a year to recoup your investment.

However 2 things are happening. 1 The price of bitcoin is still going up and is in a very strong bull phase. This means the bitcoins that are credited to your account will appreciate in value. Secondly as the price increase mining cost decreases which means a bigger payout until the mining difficulty catches up. Thirdly transaction fees are also becoming more significant which improves the possiblity of a higher payout. All these factors means that the payback time will be shorter than you think as long as the bull phase continues. The contract is non terminating meaning that you will continue to receive some bitcoin daily forever. Considering that transaction fees will replace new coins issues, this is possible.

If you want to just purchase cloud mining on Genesis Mining go to this link
https://www.genesis-mining.com  Use my affiliate code aOi345 and get 3.5% discount on your purchase. Purchasing cloud mining with your credit card is also a way to convert your fiat money into bitcoins quickly while you figure out other ways like Local bitcoins.






Tuesday, January 10, 2017

India's Demonetization Is A Success And Bodes Well For Bitcoin and the Digital Economy.

On the 8th November 2016 when Modi cancelled the 500 and 1000 rupee notes, and gave the populace 50 days to exchange old notes for new legal tender, the international press condemned and vilified the move. One must ask if they really had India's best interest at heart.

By any measure this demonetization effort has been a success. India is a country where at every election people die. Yet this unanticipated move was without protest and practically bloodless. In one move Modi have dragged his backward and feudal people screaming and kicking into the 21st century and internet banking. I would consider this one move to be the awakening of the Indian tiger.

We can be sure that every Indian young or old, male or female would now know of Modi Narendra and what he did for India. ( I would lay bets that there are people in the USA who don't know who Obama is or that Trump is the president elect.) By financially empowering every Indian with an awareness of the knowledge economy he will move India forward faster than with any other development route possible.

Bitcoin companies like Zebpay, Unocoin and Coinsecure have mushroomed in member and users and a system like Africa's Mpesa may not be too far off. Hopefully their system will not be monopolise by some giant telco like Safari-com in Kenya, choking of competition and development.

India is on-boarding users to bitcoin at a rate of over 100,000 a month. Such growth cannot be ignored by governments of the world at large. The only question now is, which country will be the first to adopt bitcoin as a national currency. The one that does will be a very rich country indeed going forward.