8 Misconceptions about Bitcoin 

Bitcoin is a complex subject and there is an enormous amount of information to sift through and make sense of. Unfortunately, there is also a lot of misinformation and misunderstanding surrounding Bitcoin so we have done a bit of myth-busting. We want to continue with our Bitcoin Basics this week and focus on some misconceptions that many have about Bitcoin. If Facebook, Twitter and others can do Fact Checking – so can we.

Computing monolith, Intel, turns to Bitcoin mining

A recap of the top Bitcoin news stories this past week. Intel a $240 Billion company, Intel, just announced they are entering Bitcoin mining. They will be introducing an ‘‘ultra-low-volatage-energy-efficient’ ASIC which is specifically designed for Bitcoin mining. There are currently two main ASIC manufacturers in the world right now – Bitmain and MicroBT, both Chinese-based.

What can we expect from Bitcoin this year?

There are a lot of possibilities this year and the biggest short-term factor will undoubtedly be what Central Banks decide to do. Dovish or Hawkish – either will drive the price.

In the long-term, however, it doesn’t matter. This is why we implore people to have a long-term perspective on their Bitcoin holdings.
As Bitcoin adopters put in more time and effort to understanding this asset, we will likely see this asset move from risk-on to risk-off, with a lot of volatility in between.

Sit back, focus on the things that matter, don’t try to time the markets, stack more Sats, have a long-term perspective and enjoy the ride.

Have a great year ahead!

A new year, a new Bitvice

Happy new years, happy 13th birthday to Bitcoin and finally we would like to introduce you to the new Bitvice – where we’ve made buying and securing Bitcoin simple.
Whilst Bitcoin’s price has been boring people to death, we’ve been hard at work and have partnered with Stitch to make buying Bitcoin the right way – as easy as possible.

Inflation: a tale of two countries

We are taking a thorough look at what’s happening in Turkey and what similarities it has with South Africa’s past, present and potentially, it’s future. The ANC is not the only corrupt government on this planet. Unfortunately, the fiat system has led central powers down a dark road where greed is endless, money printing is easy, and thus the fiat roads are all leading to zero. We can exit all of this madness. There is an incorruptible, uncontrollable, decentralized, scarce asset called Bitcoin, that is the complete antithesis to this all and the ultimate hedge against inflation.

The real reasons why you shouldn’t keep your Bitcoin on exchanges

You may have heard about the famous exchange hack on Mt. Gox where hundreds of thousands of Bitcoin were stolen from users. Bitcoiners learnt a very valuable lesson from that, and since then around 75-78% of Bitcoin is kept in cold storage, and off exchanges. 

This wasn’t the last hack. There was one 2 months ago, on the Japanese exchange, Liquid, where around $80m in Crypto was stolen.