Invested my Life Savings into Bitcoin and Ethereum

In this vlog, you will learn how one man recently m ade the decision to invest the entirety of his life savings into the two most popular cryptocurrencies to include Bitcoin and Ethereum. In an honest vlog, you will learn how he invested the bulk of his entire life savings into the cryptocurrencies. He has invested about 80 to 90 percent of his savings into bitcoin BTC and ethereum. This is definitely a gamble that can go either way. There is a lot that can go wrong, but he has a feeling in his gut that he is doing the right thing. So hopefully he is right about his intuition. He goes on to talk about how the prices of living, such as buying a house have just gone up and up. The same can be said for stocks with trading at an all-time high; it means that there will eventually be a crash. You'll want to see what happened with this man's BTC and ethereum investment a year later.

Bitcoin is a digital asset that was designed by its inventor, Satoshi Nakamoto, to work as a digital currency. Bitcoin also known as BTC is commonly referred to in terms such as digital currency, digital cash, virtual currency, cryptocurrency or electronic currency. The question whether BTC is a currency or not is still disputed. Bitcoins have three useful qualities that are found in currency, according to The Economist in January 2015. BTC is hard to earn; they are limited in supply and easy to verify. Economists define money as being a store of value, a medium of exchange, and a unit of account and agree that BTC has some way to go to meet all of these criteria. BTC does best as a medium of exchange, and as of February 2015, the number of merchants who were accepting bitcoin had passed 100,000. As of March 2014, the btc market suffered from volatility, which limited the ability of btc to act as a stable store of value, and for retailers accepting btc use other currencies as their principal unit of account. The biggest difference between the USD and bitcoin cryptocurrency is that it is not centralized, so there is no bank or government that is in charge of it. Because of bitcoin's decentralized nature, the nation-states cannot shut bitcoin down the network or alter its technical rules. However, the use of BTC can be criminalized and shut down exchanges, and the peer-to-peer economy in a country would constitute a de facto ban. The legal status of BTC varies substantially from country to country and is still undefined or changing in many of these countries. While some countries have explicitly allowed the use and trade of BTC, others have banned or restricted it. Regulations and bans that apply to btc probably extend to similar cryptocurrency systems.

Energy consumption. BTC has been criticized for the amounts of electricity that are consumed by mining. As of 2015, The Economist estimated that even if all of the miners used modern facilities, the combined electricity consumption would be 166.7 megawatts. At the end of 2017, the global BTC mining activity was estimated to consume between 1 and 4 gigawatts of electricity, with 1.2 GW as the lower bound assuming that everyone is using the most energy-efficient mining hardware that is available. There is plenty of information available on both bitcoin, btc trade and ethereum. The documentary film, The Rise and Rise of Bitcoin is a film that features interviews with people who use btc, such as a computer programmer and a drug dealer.

You will find these tips about btc and bitcoin trade on the Louis Thomas site. **