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By Zach — 3 years ago
In this article I’m going to address the urgent question I get almost every day recently “Should I Buy Bitcoin Now?!“. Most of the people I deal with kept asking me over the past year and a half what was going on with bitcoin. It was almost if they were saying “See, I told you so! Bitcoin was a bad investment”.
Those same people have taken notice to the massive price increase and have asked me if now is a good time to get in. To them I say, It was a good time to get in around $3,300 when everything looked terrible and you laughed at me. Well, hindsight is 20/20, and deep down, I knew this was just part of a normal market cycle and that it would recover. The short answer is; If you don’t have any bitcoin now, please start getting some before the limited supply runs out.
One of the best ways I have been suggesting people start accumulating and acquiring bitcoin for the first time is to use this free app I have been using myself that give you free bitcoin back on every purchase you make, while receiving a discount of anywhere from 2-33% off every purchase.
This is the LIFE INFO APP, and I will leave an in-depth review of this amazing way to earn free bitcoin HERE. The gist of it is that it’s a shopping app that gives you discounts on thousands of brands and retailers on every purchase you make. The savings you accrue can be converted directly into bitcoin right within the app!
I have been testing this app for several months now, and I have earned over 80$ worth of bitcoin on purchases I was already been making anyways. Why not earn free bitcoin? This is the #1 way I’ve been recommending people start acquiring bitcoin who are new to it and want a VERY easy way to do so, with no technical knowledge.
The Current State Of Bitcoin (July 2019)
As of the time of this writing, the price of bitcoin is currently $9,870.95. This is a pretty steep discount from where it was 5 days ago at $13,500. Bitcoin has been having significant gains over the past few weeks very steadily. This has primarily been happening because of some very fundamentally bullish news, such as the announcement of Facebook’s new cryptocurrency called “Libra”.
Many believe will bring the awareness and main stream of cryptocurrency adoption. Although this will be used as a “Stable Coin”, it will ultimately force billions of people to understand the ways of the future and finance.
So why did the price drop? Well, this is actually a healthy and normal correction for what has been a parabolic rise in price and the correction here will shake out the weak hands that currently are very emotional and timid about the projects future, and only pay attention to the price and what other people are doing.
Ultimately, bitcoin is the future of finance. New mainstream stores are starting to accept cryptocurrency payments directly.
What Caused The Huge Run Up Of Price Since April Of 2019?
There are three primary factors that I believe have contributed to the massive price gains from April of 2019 til now, with no signs of stopping. Sure, there will be fluctuating prices, but it’s consistently gained over 100% consistently. Here are a few fundamental reasons I believe that triggered this to happen:
1.) Bitcoin Halvening – Every 4 years the bitcoin block reward that pays miners to verify transactions is going to be cut in half starting May 2020. This is by design and as a way to introduce scarcity and deflation to an already scarce and useful asset. Historically, the months leading up to this in years past has shown a systematic increase of price in anticipation of this happening.
Currently, the block rewards pays 12.5 bitcoin approximately every 10 minutes. It is about to be cut in half to 6.25 bitcoins per block. Scarcity is a massive incentive to start getting your act together now, before it’s too late.
2.) Facebook’s Cryptocurrency “Libra” – As mentioned above, one of the worlds largest and well-known companies is creating their own cryptocurrency. With over 3 billion active users and counting, this is introducing a new mechanism for people to make payment directly within the platform and also pay for services, like advertising, using Facebook’s native coin. There will be many high profile exchanges that will support this coin (including Coinbase), so there will be plenty of on and off ramps for this upcoming crypto. This is said to be pegged to over 12 fiat currencies’ values.
3.) Chainlink Partnership With Google – Chainlink is a cryptocurrency that specializes in smart contracts. If you are unaware of what that is, a smart contract is essentially a digital contract that is automated and processed out with no middleman, once certain pre-determined criteria is met. This is especially useful for reducing middle-men, and therefore costs, as well as efficiency.
Google has made an announcement of this partnership on a secret project and only validates the need for a blockchain in our modern world. Google doesn’t just partner with anyone, so as people start noticing that cryptocurrency and new blockchain projects are working with tech giants, people start noticing. There are very few details on what this project is exactly, but I assume it has to do with aggregating and verifying data automatically to increase efficiency in time intensive tasks.
What Is The Easiest Way To Buy Bitcoin? What Is the Minimum Investment?
The easiest way to buy bitcoin is to buy directly with a credit card. You can do this very easily with a company called CoinMama, and it only takes a few minutes to process and receive your bitcoin. I have personally used this service many times myself and is much quicker than using an exchange, like Coinbase.
Many exchanges and official on ramps will require much more time as they process KYC and account verification steps to enable an account for you. This process typically takes 3-7 business days, and you should plan accordingly. They are very useful to use if you are not crunched for time, and support many of the top coins directly with bank wire or debit cards for payment.
You can buy as little of $10 worth of bitcoin, and with what the app I mentioned, you can accrue even less than that for free. The point? You don’t need to buy a full bitcoin to get started!
Additionally, as I mentioned at the beginning of the article, you can start earning free bitcoin using the LIFE INFO APP, as that’s what I’ve been doing myself. Again, this is the#1 tool I’ve been using to accumulate free bitcoin on purchases I’m making anyways.
Should I Buy Bitcoin Now: Conclusion
Overall, even though bitcoin is very volatile at the moment, I would STRONGLY recommend you buy some bitcoin if you haven’t already. There are only 21 million coins that will ever been in circulation, and there is approximately 17.5 million circulating right now. This hard cap that can never change is a deflationary mechanism designed to provide a road map of how the supply and demand dynamics will look over the next few years.
If you zoom out and look at the year over year gains, bitcoin has been one of the strongest investments over the last decade as it has had a higher value of the previous January since it started. Most people get emotional with such rapid price swings, but ultimately what makes it special is the fact that you can now become your own bank.
YOU, yes YOU, can now conduct financial transactions with anyone in the entire world (almost for free) with no permission from anyone and no middle man requiring authorization or taking a cut. THAT is powerful. There has never been anything else like it in the world before. Ever.
What do you think? Do you think it’s too late to buy bitcoin now? Let me know in the comments below!
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.Post Views: 659
By Zach — 2 years ago
Unstoppable Domains: Get ready for a censorship immune future! Unstoppable domains makes the internet censorship resistant and censorship immune. Instead of relying on centralized services to buy and sell domain names (eg, Namecheap or GoDaddy), Unstoppable domains uses decentralized platforms Ethereum and Zilliqa Blockchain as a neutral 3rd party. This gives registered domains censorship immunity as no government or entity can restrict or remove access to that domain.
To further improve on censorship resistance, it’s possible to host the content on the Inter Planetary File System (IPFS) a decentralized hosting service where content can not be removed. One of the first uses of Unstoppable Domains is the creation of easy to remember cryptocurrency addresses.
One thing that scares people away from cryptocurrency is the address. A long mixture of letters and numbers almost freezes crypto users whenever they want to send or receive their digital wealth. However this can be simplified with Unstoppable Domains into a “. zil” or “. crypto” domain, such as “bitcoinlockup.crypto” domain for all crypto addresses? How to use Unstoppable domains with IPFS Claim protected brand names on Unstoppable Domains. One name for all your cryptocurrency wallets?
Will Unstoppable Domains be Unstoppable?
Connecting with the Zilliqa Blockchain, Unstoppable or Censorship-resistant Domains.
Although the system worked, memorizing numbers and periods “.” was just too much.To overcome the challenge, the IP address was placed behind the scenes and brought in the Domain Name Service (DNS). The DNS system made it simpler since a human-readable address was provided, and in the background, it was tied to the complicated IP address.
Therefore, an internet user just typed the name, eg, Facebook.com, and the DNS system, having connected Facebook.com with its IP address, eased the way users saw and interacted with the internet. Using the same technique, Unstoppable Domains seeks to put the complex cryptocurrency addresses behind a human-readable name. As such, instead of directly sending cryptos to an address, you use the human-readable name. T
he concept behind Unstoppable Domains is succinctly explained by its CEO, Mather Gould, “We’ve been crypto enthusiasts since 2012 and have believed that crypto payments were too complex to go mainstream. Just like IP addresses were replaced with DNS system, we believe cryptocurrency addresses will be replaced with human-readable names. “. crypto” domain for all crypto addresses? Recently Unstoppable Domains announced the “. crypto” blockchain agnostic domain.
What Is The Cost For Using Unstoppable Domains And How Do I Register My Domain?
The idea behind this domain is to unify cryptocurrency addresses for Bitcoin, Ethereum, Ziliqa and more.How to use Unstoppable domains with IPFSUnstoppable domains added the a new feature to work with uncensorable decentralized file hosting service IPFS. This will allow content to be permanently hosted on the internet with full immunity to government or political interference. IPFS hosts files spread across multiple locations in a decentralized fashion, so even if one server is taken down the content will still be accessible.
Claim protected brand names on Unstoppable DomainsTo prevent phishing and domain name stealing, Unstoppable Domains automatically protects brand names like apple.crypto and chrisdunn.crypto. Only verified identities can claim such domain names via the free claim tool: One name for all your cryptocurrency wallets? Unstoppable Domain Management PanelThat’s not all; you will only require one name for all of your wallets.
Yes, just one. And for only $40.
Why Do I Need A .crypto Domain?
You see, Unstoppable Domains is looking for ways of driving crypto adoption. One of those ways is to make sending crypto as simple as sending mail. Therefore, friends can send you Bitcoin, Ether, Litecoin, etc., using a single name.
Then, in the background, the technology from Unstoppable Domains routes the different cryptocurrencies to their respective wallets. This even eliminates the need for scanning QR codes since reading them is not 100 percent accurate.Connecting with the Zilliqa Blockchain, Unstoppable Domain’s version of DNS is built on the Zilliqa blockchain. Zilliqa is a scalable smart contract blockchain ecosystem that facilitates the creation of scalable decentralized applications. However, Zilliqa is only providing a platform for Unstoppable Domains to build their blockchain-focused DNS.
This means that the blockchain name service, although built on the Zilliqa platform, supports external cryptos like Ethereum, Bitcoin, Stellar Lumens, etc. It also supports the use of credit cards.As it is built on the Zilliqa blockchain, the domains will have a “.zil” extension. Unstoppable or Censorship-resistant DomainsApart from helping in the general public easily interact with cryptocurrencies, Unstoppable Domains is keen on providing censorship-resistant domains.With these domains, the owner of the domain name has complete control of the domain and its contents.
Traditional domain assets are stored on your behalf by custodians, for example Google. However a blockchain domain is stored in your cryptocurrency wallet which only you control. Therefore, no company, law enforcement or even Unstoppable Domains themselves can take it from you.It does not end there. The information used to register your domain remains private; you can choose not to give any personal information.
This means that it is hard to track an individual using the data provided. Also, the content provided on the website can not be censored by a third party; you are in full control.Will Unstoppable Domains be Unstoppable? Unstoppable Domains are setting up for a challenging journey which will see cryptocurrency being adopted by more people. Additionally, with censorship-resistant websites, the control is finally given back to the people.Unstoppable Domains certainly has the firepower to become unstoppable.
They have recently announced that it secured US$ 4 million in funding in Series A led by Draper Associates and Boost VC. They have also received grants from the Ethereum Foundation and Zilliqa Foundation.
Unstoppable Domains Final Verdict:
Unstoppable Domains has been working on its technology since 2017. They are software development company utilizing blockchain technology to give power back to the people and to ease the way people and cryptocurrencies interact. To enhance the interaction, Unstoppable Domains has borrowed some ideas from the internet both at current age and during its early days. For example, during the early days of the internet, users had to cram IP addresses, which were the only way to send messages from one person to the other.
I just registered my domain (bitcoinlockup.crypto) and I plan on getting more. It doesn’t have any annual fee, and you can simplify your wallet address so people can easily send it to you (when you have a software wallet). Overall, this concept of the decentralized web is not an “if”, but “when”. I look forward to the day when ever part of our lives can be decentralized and all of our freedom is restored. Most importantly, our money. This is what bitcoin aims to solve.
I recommend you grab your .crypto domain sooner rather than later, as there will be an obvious land rush when people realize how important this is and as more and more of our freedom of speech is being stripped away. Make sure to register using the link below for the best possible price!
What do you think? Are you going to grab your .crypto domain? Let us know down below in the comments!
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.Post Views: 1,470
By Zach — 3 years ago
In this article, I am going to explain how to store Ripple (XRP) on the Ledger Nano S in the Ledger Wallet Ripple. Most people I speak with talk about whether or not XRP is safe to leave on exchanges for storage. The simple answer is no. Under no circumstances is it safe or even a slightly good idea to leave ANY coins your have on an exchange. “Not your keys, not your crypto” is a statement you’ll hear repeated throughout the crypto ecosystem. If you are unsure about the safest ways to store and secure your cryptocurrency private keys, then grab my free e-book that gives you some in depth resources on how to manage your crypto safely. I also wrote a comparison review of the major differences of hot vs cold wallets, in case you are unsure.
Now, as Ripple is a top 3 market cap coin, it is imperative to know how to properly store it on a hardware wallet, and the one wallet that can easily store this right now is the Ledger Nano S. You can also store it on the newly released successor to this wallet known as the Ledger Nano X, if you want a larger storage capacity and a wallet that is wirelessly capable. Let’s get to it below!
WHAT IS RIPPLE (XRP)?
Ripple is both a platform and a currency. Let me explain. Ripple itself is platform and open source protocol which is designed for quick and cheap transactions. This was “invested” as a resource for efficient, cross-border payments that is intended to be used by big banks. The Ripple platform is very very cheap and efficient and unlike bitcoin, it is designed as a payment machine and nothing more.
XRP (the token that is represented on the ripple platform) is designed to transfer value across the Ripple platform. The intention behind this is to be able to transfer value from either cryptocurrency or fiat from peer to peer in the fastest way possible. That is it’s only function.
The other noteworthy aspect of this is, there is a predetermined amount and it is not mined or staked, like it is on POW and POS networks. In fact, there is no blockchain for this token at all. This has been the source of a lot of criticism in the ecosystem that this is not really a “crypto” currency, but rather, just a digital version of fiat.
HOW DO I BUY RIPPLE (XRP)?
You can buy ripple directly at many OTC exchanges, or other trading exchanges like Coinbase or Binance. When using Coinbase, you can link up your bank account and/or major debit card to process the transaction and if you’re not verified, it can take up to 7-10 business days to process.
If you plan on buying XRP with a credit card directly, you can use either Paxful or Changelly and use this as an OTC exchange to buy it directly (although paying with credit card will incur some extra fees). You can also go through a 2-step process and buy bitcoin with a credit card on Coinmama, and then use one of the above exchanges to swap it.
LEDGER WALLET RIPPLE: HOW DO I MOVE RIPPLE TO THE LEDGER NANO S?
- Open up Ledger Live, and make sure it’s software version is up to date.
- Head over to the Manager section on the left side bar, and search on “XRP”, then click on Install.To create an XRP wallet on your Ledger device, we first need to create an “account” for you to be able to have access to your wallet’s XRP address.
- Click on the rounded + symbol on the left portion of the Ledger Live app to add an account.
- Type in “xrp” on the search bar to easily find XRP on the list, then click on “Continue“.
- Open the XRP app on your Ledger device, then click on “Continue“.
- Wait for Ledger Live to synchronize.
- Choose a name for your wallet. For this example, we’re just going to name our wallet “My XRP Wallet“.
- Tick the blue checkbox , then click on “Add account“.
- Account successfully added!Click on “Add more” if you want to create more XRP wallets, or if you want to head over to moving your funds to your XRP wallet, just click on the small x on the top right corner of this popup.
- Your XRP wallet is now ready. Simply click on the XRP wallet you made on the “Accounts” section on the left, then click on the blue “Receive” button.
- Click on “Continue“.
- Click on “Verify“.
- For security purposes, check if the same wallet address is being shown on the Ledger Live app, and the address shown on your physical Ledger device.If everything’s fine, you can now copy the wallet address shown on Ledger Live, and you can now use that address to move your funds from other XRP wallets, or from the exchange you’re using.
- Click on the rounded + symbol on the left portion of the Ledger Live app to add an account.
WHAT ABOUT THE NEW LEDGER NANO X?
The Ledger Nano X has the same process as above for adding it to your hardware wallet using Ledger Live, the only difference is it is primarily done via the mobile app. You can still plug this device in and manage this the same way as the Ledger Nano S, however, it is able to connect to the app and manage this wirelessly, which is the major advantage.
Bottom line, if you’re in the market to acquire this coin, you will absolutely need to store it on a Ledger device. Keeping all your private keys (of any coin) on a trusted hardware wallet is imperative. Period. I will say that with the Ledger Nano S specifically, is the cheapest and is the best entry level hardware wallet if you want to store ripple at only $59. The one caveat is that you can only store 3 or 4 different coins on the app at once, that’s it. If you plan to grow your portfolio, you may want to spring for the extra money and go for the Ledger Nano X, which can hold up to 100 coins or “apps” at once. I will leave the full review of the Ledger Nano S here.
What do you think? Is there a better offline wallet to store your XRP? Let me know in the comments below!
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.Post Views: 647