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Showing posts with the label currency

Bitcoin Price as a Global Capitalization

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What might Bitcoin finally cap out at? When it stabilizes as a world currency, what is our price range? There are hodlers all over the world, millions of people hodling millions of BTC. But eventually, this currency will be used as exactly that - a currency that can be spent. All over you hear "BTC moon", "lambo", and "when moon?" Will Bitcoin be worth 50k? 500k? John McAfee's infamous 1 Million? (prices in USD). No one knows for sure, but here's some global logic I've gathered from several interviews with the experts. (Before I begin, I am not a financial advisor, this is not financial advice, read my disclaimer here This idea comes primarily from interviews with Ronnie Moas, one of the top Wall Street investors with a history of time-stamped, accurate predictions. We already know that money/value is flowing from other investments into Bitcoin - these come from stocks, bonds, gold, silver, and more. Here is where the fun begins! Data pu...

Beginner's Guide to Crypto Wallets

Where do you actually have crypto? Where is it held and how does it move? The answer is Wallets! Here we'll explore the different types of wallets and how to make some. Remember from the cheat sheet I posted that a crypto wallet is similar to a physical wallet in that it holds your currency, but unlike a physical wallet that can hold multiple currencies all at once, Cryptocurrency wallets can only hold the currency they are designed for. If you send coins the wallet can not take, they are gone forever . For example, if you try to send Bitcoin to an Ethereum wallet, the coins will go into the abyss. There are several different styles of wallets with their own individual pros and cons. Also from the cheat sheet, I go over public and private keys and addresses, make sure you understand those (especially private keys) before tackling wallets! It's also a good habit to practice sending small amounts with new wallets until you get the hang of it. To start, wallets are d...